"28 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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Delayed TDS on ‘usance interest’ – Payment of interest u/s 201(1A)

IN the present case which was referred to the Third Member of the Tribunal, the dispute revolves around the issue of, whether interest u/s 201(1A) is payable on the ''usance interest'' from the date of payment or from the date of pronouncement of High Court decision in the Vijay Ship Breaking Corpn case...

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Posted Under: Custom Duty |

Need for notice u/s 143(2) cannot be dispensed

Need for notice u/s 143(2) cannot be dispensed with in a case where AO proceeds to make inquiry for assessment, and determination of taxes payable after issuing notice u/s 143(1) as well - ITAT...

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Posted Under: Custom Duty |

Can double benefits u/s 10B and Sec 80HHC be allowed on exports of same goods?

CAN double benefits under Sec 10B and also under Section 80HHC be availed on export of the same goods? Should Income Tax allow Sec 80HHC benefits if an exporter procures orders and closes the transaction by procuring goods from a third country and shipping the same straight to the buyer country,...

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Posted Under: Custom Duty |

FEMA – Update and Analysis

50/2006-07

It is clarified that Domestic Venture Capital Funds registered with SEBI, have been permitted to invest in equity and equity-linked instruments only of off-shore Venture Capital Undertakings. Accordingly, Domestic Venture Capital Funds registered with SEBI, desirous of making investments in off-shore Venture Capital Undertakings may appro...

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Posted Under: Custom Duty |

Right to Emergency Care

The Supreme Court has ruled that all injured persons especially in the case of road traffic accidents, assaults, etc., when brought to a hospital / medical center, have to be offered first aid, stabilized and shifted to a higher centre / government centre if required. It is only after this that the hospital can demand payment or complete ...

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Posted Under: Custom Duty |

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