"September, 2007" Archive

Misuse of unaccompanied baggage facility-regarding

Circular No. 35/2007-Customs Duty (28/09/2007)

It is, therefore, reiterated that all the provisions of Customs Act, 1962 and Baggage Rules, 1998 are applicable to unaccompanied baggage as they are applicable to baggage (accompanied), except the free allowance which is not available for unaccompanied baggage....

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Notification No. 250/2007 – Income Tax Dated 28/9/2007

Notification No. 250/2007 - Income Tax (28/09/2007)

Notification No. 250 - Income Tax In exercise of the powers conferred by sub-sections (1) and (2) of section 120 of the Income-tax Act., 1961 (43 of 1961),the Central Board of Direct Taxes hereby makes the following amendments to the notification of the Government of India, in the Ministry of Finance (Department of Revenue), (Central Boa...

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Notification No. 249/2007 – Income Tax Dated 28/9/2007

Notification No. 249/2007 - Income Tax (28/09/2007)

Notification No. 249 - Income Tax In exercise of the powers conferred by section 118 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following amendment to the notification of the Government of India, Ministry of Finance, (Department of Revenue), vide number S.O. 279(E) dated 12th March. 2003,...

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Notification No. 248/2007 – Income Tax Dated 28/9/2007

Notification No. 248/2007 - Income Tax (28/09/2007)

Notification No. 248 - Income Tax Whereas the Central Government in exercise of the powers conferred by clause (iii) of sub-section (4) of section 80-IA of the Income-tax Act, 1961 (43 of 1961) (hereinafter referred to as the said Act), has framed and notified a scheme for industrial park, by the notifications of the Government of India ...

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Notification No. 247/2007 – Income Tax Dated 28/9/2007

Notification No. 247/2007 - Income Tax (28/09/2007)

Notification No. 247 - Income Tax In supersession of notification bearing SO 1093 (E) (dated 21st June, 2007) and in exercise of the powers conferred by the clause (23EA) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the "Delhi Stock Exchange Customers" Protection Fund, DSE House, 3/1, As...

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Notification No. 246/2007 – Income Tax Dated 28/9/2007

Notification No. 246/2007 - Income Tax (28/09/2007)

Notification No. 246 - Income Tax Whereas the Central Government in exercise of the powers conferred by clause (iii) of sub-section (4) of section 80-IA of the Income-tax Act, 1961 (43 of 1961) (hereinafter referred to as the said Act), has framed and notified a scheme for industrial park, by the notifications of the Government of India i...

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Notification No. 245/2007 – Income Tax Dated 28/9/2007

Notification No. 245/2007 - Income Tax (28/09/2007)

Notification No. 245 - Income Tax...

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Notification No. 244/2007 – Income Tax Dated 28/9/2007

Notification No. 244/2007 - Income Tax (28/09/2007)

Notification No. 244 - Income Tax Whereas the Central Government in exercise of the powers conferred by clause (iii) of sub-section (4) of section 80-IA of the Income-tax Act, 1961(43 of 1961) (hereinafter referred to as the said Act), has framed and notified a scheme for industrial park, by the notifications of the Government of India ...

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One time approval for import of Soyabean oil obtained from Round-up-Ready Soyabean

Policy Circular No. 11 (RE-2007)/2004-2009 (28/09/2007)

The data relating to import of GM Soyabean oil or Soyabean oil from products of GM origin will be furnished by the Solvent Extractors’ Association of India, Mumbai to D/o Commerce, EP (Agri.) Division on a monthly basis....

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Got a gift from a relative? No tax on it

Under the provisions of Section 56(2)(vi) certain gifts are liable to income tax as income from other sources. However, this provision is applicable only for individuals and Hindu Undivided Families (HUFs). Thus, if gift is received by any Trust or A.O.P., then it is not liable to income tax as "income from other sources". The provision o...

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