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Archive: 27 February 2008

Posts in 27 February 2008

Public Notice No. 119 (RE-2008)/2004-2009, Dated: 27.02.2008

February 27, 2008 166 Views 0 comment Print

In the statement of Standard Input Output Norms (SION) as contained in the Handbook of Procedures (Vol.2), 2004-2009, as amended from time to time, amendments/corrections at appropriate places as mentioned in ANNEXURE “A” to this Public Notice are made.

Public Notice No. 118 (RE-2008)/2004-2009, Dated: 27.02.2008

February 27, 2008 187 Views 0 comment Print

In the statement of Standard Input Output Norms (SION) as contained in the Handbook of Procedures (Vol.2), 2004-2009, as amended from time to time, amendments/corrections at appropriate places as mentioned in ANNEXURE “A” to this Public Notice are made.

Public Notice No. 117 (RE-2007)/2004-09, Dated: 27.02.2008

February 27, 2008 232 Views 0 comment Print

In exercise of the powers conferred under Paragraph 2.4 of the Foreign Trade Policy, 2004-09 and Paragraph 1.1 of the Handbook of Procedures (Vol.1), the Director General of Foreign Trade hereby makes the following amendments/ additions/deletions/corrections in the Handbook of Procedures, Vol.2, and 2004-2009, as amended from time to time.

Public Notice No. 116 (RE-2007)/2004-2009, Dated: 27.02.2008

February 27, 2008 190 Views 0 comment Print

In exercise of powers conferred under Paragraph 2.4 of the Foreign Trade Policy 2004-2009, the Director General of Foreign Trade hereby makes the following amendments in Handbook of Procedures.

Highlights of Rail Budget 2008-09 Presented by Railway Minister on 26.02.2008

February 27, 2008 868 Views 0 comment Print

Following are the highlights of Railway Budget 2008-09 presented by the Railways Minister, Mr Lalu Prasad, in Parliament on Tuesday.· Second-class Sleeper fares cut by 5%. · AC-1 fare cut by 7%. · AC-2 fare cut by 4%. ·AC-3 fare cut by 3%.

IT Department has sought clarity from the CBDT on non-compete fee

February 27, 2008 375 Views 0 comment Print

According to income tax officials, Section 55(2) of the I-T Act estimates the cost of right to carry on any business as nil. However, non-compete compensation received by a person carrying on a reputed business is not explicitly covered in the clause right to carry on any business and is claimed as capital receipt. The department has favoured an amendment to Section 28 of the I-T Act to exclude such compensation from the list of capital transactions. The non-compete fee is shown as capital receipt and thus gets exemption.

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