The Commissioner of Income-tax, Dehradun Vs Arthusa Offshore Company (Uttarakhand High Court at Nainital) -
CIT Vs. Arthusa Offshore Company (Uttarakhand)- ITAT has erred in law in holding that word 'tax' does not include “surcharge” for the purposes of Clause (2) of Article 14 of the Double Taxation Avoidance Agreement with USA, and in upholding the decision of the CIT(Appeals), reducing the tax rate applicable to assessee NRC at 60 per ...
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Commissioner of Customs & Central Excise Vs M/S Hongo India(P) Ltd.& Anr (Supreme Court of India) -
A short question which arises for determination in this Special Leave Petition is: whether the High Court was entitled to condone the delay of 16 days in filing the Reference Application by the Commissioner under Section 35H(1) of the Central Excise Act, 1944?...
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Notification No. 138/2008-Customs -
(31/12/2008) -
The Principal notification No.4/2005-CUSTOMS, dated the 24th January, 2005 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (1) vide G.S.R..40 (E), dated the 24th January, 2005....
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Notification No. 50/2008-Central Excise (N.T.) -
(31/12/2008) -
The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), notification No. 23/2004-Central Excise (N.T.),dated the 10th September,2004,vide number, G.S.R. 600 (E), dated the 10th September 2004, and was last amended by notification No. 48/2008-Central Excise(N.T) dated the 5th December...
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Notification No. 141/2008-Customs (N.T.) -
(31/12/2008) -
The Principal notification was published in the Gazette of India, Extraordinary, vide Notification No.36/2001 - Customs (N.T.), dated, the 3rd August, 2001 (S.O.748 (E), dated, the 3rd August, 2001) and was last amended vide Notification No. 131/2008-Customs (N.T.), dated, the 15th December, 2008 (S.O. 2893(E) dated 15th December, 2008)....
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Public Notice No. 123 (RE-2008)/2004-09 -
(30/12/2008) -
In exercise of power conferred under paragraph 2.4 of the Foreign Trade Policy 2004-09, the Director General of Foreign Trade hereby makes the following amendment in Appendix-2 of Handbook of Procedures (Vol. I), under the list of Export Promotion Councils/Commodity Board....
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Public Notice No. 122 (RE-2008)/2004-09 -
(30/12/2008) -
In exercise of powers conferred under paragraph 2.4 of the Foreign Trade Policy 2004-09, the Director General of Foreign Trade hereby notifies the following amendment in the Handbook of Procedures....
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Notification No. 74 (RE-2008)/2004-09 -
(30/12/2008) -
Import of new vehicles having an FOB value of US $ 40,000 or more and engine capacity of more than 3000cc for petrol run vehicle and more than 2500cc for diesel run vehicles, as allowed under Import Licensing Note No. 7 under Chapter 87, shall be exempted from policy provision of Import Licensing Note No. 2(II)(a)(iv) under Chapter 87 wh...
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MRD/DoP/SE/Cir-36/2008 -
(29/12/2008) -
The stock exchange shall set aside sufficient funds in order to provide for settlement of any claims, pertaining to pending arbitration cases, arbitration awards, not implemented, if any, liabilities/claims of contingent nature,...
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MRD/DoP/SE/Cir-35/2008 -
(29/12/2008) -
It is observed from the information provided by the depositories that the companies listed in Annexure ‘A’ have established connectivity with both the depositories during the month of October 2008....
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Circular No. 23/2008-Customs Duty -
(29/12/2008) -
In view of the above, I am directed to clarify that the classification of 'Combined refrigerator freezer with separate external doors' would be under sub- heading 8418 10 and not under 8418 21, as was being followed by certain Customs field formations. Accordingly, these goods are not covered under Sl.No.50 of the notification No.85/20...
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Notification No. 140/2008-Customs (N.T.) -
(29/12/2008) -
except as respects things done or omitted to be done before such supersession, the Central Board of Excise and Customs hereby determines that the rate of exchange of conversion of each of the foreign currency specified in column (2) of each of Schedule I and Schedule II annexed hereto into Indian currency or vice versa shall, with effect...
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Deadline of 31st December, 2008 for completion of minimum 20 CPE hours of structured learning for 2008 extended up to 31st January, 2009.Other details follow....
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Voltas International Ltd. Vs The ACIT (ITAT Mumbai) -
As rightly pointed out by Shri Pardiwalla, even a promise to render services at a future date would entitle the assessee for deduction u/s 80-O in view of the specific wordings in the section....
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14018 of 2008 -
(29/10/2008) -
The IT authority does not assume any power to enter the business premises/Office of the CA/Lawyer/Tax Practitioner to conduct survey under section 133A of IT Act in connection with survey of the premises of their client unless the client state in the course of survey that his books of account/documents and records are kept in the office o...
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Get cricket scores, Indian Railways train schedules & ticket status, horoscopes, movie show times, restaurant information and more ...all through SMS on your phone. Best of all, you don't pay a premium charge for any of this, just the price of a standard SMS. Try it out! Simply send your search query by SMS to 9773300000 and we'll send yo...
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This credit card comparator gives you everything about literally every card available in India. One hundred and ninety two different credit cards available in the country today. One hundred and ninety two different combinations of benefits, freebies, reward points, practically everything except the keys to the bank....
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(27/12/2008) -
External commercial borrowing (ECB) norms are not likely to be relaxed any further soon, sources in the finance ministry indicated on Friday. Can you think of any other relaxation?" asked a senior finance ministry official in reply to a question on the possibility of easing ECB norms more....
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Volatility in lending and deposit rates witnessed during the year is expected to end in 2009 with interest rates seen to be going down, due primarily to an easy monetary stance being pursued by the Reserve Bank of India] to push growth....
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A resident of Pune, Vikram Som fractured his leg. But instead of going through the hassle of visiting a hospital for an X-Ray, waiting in a long queue and then returning to fetch the report in the evening, he simply called the STAT 24x7 helpline. He scheduled the X-Ray appointment which was done in the confines of his home at his convenie...
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The government is likely to revise downwards indirect tax collections target for the current financial year by at least Rs 20,000 crore (Rs 200 billion), because of cut in industrial production due to the global economic slowdown and duty sops....
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The farm loan waiver scheme may not trigger a tendency among farmers to default intentionally, Amarendra Sahoo, chief general manager, rural planning and credit department, Reserve Bank of India , said on Thursday. "The farm loan waiver may not impact. Some farmers may wilfully default. But genuine people will repay loans," Sahoo said. Ma...
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Notification No. 137/2008-Customs -
(26/12/2008) -
discontinuation of anti-dumping duties on the subject goods from subject countries likely to continue from the Peoples Republic of China and likely to recur from Korea ROK leading to the recurrence of injury to the domestic industry...
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The Revised Standard on Auditing (SA) 540, 'Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures' provides timely guidance on audit of fair value and accounting estimates in the current times of market uncertainty and liquidity crunch. Accounting estimate is an approximation of a monetary amoun...
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The Institute of Chartered Accountants of India has constituted a committee on Public Finance with the objective of extending a helping hand to the Centre, state and local administrative departments in nation building, an official of ICAI said on Monday. ICAI Programme Director V C James told reporters here, the committee's key objective ...
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During a verification of electronic returns, the department found that as many as 1,714 taxpayers under the self-assessment scheme (where tax-payers determine their tax liability and pay accordingly) had not paid their tax dues. In a few cases, the amount due was around Rs 100 crore (Rs 1 billion)....
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Trade Circular 42-T of 2008 -
(26/12/2008) -
A new procedure has been prescribed for the payment of taxes, fees and returns by the dealers or employers seeking registration or not registered or not required to registered under MVAT Act vide Trade Circular 42-T of 2008 dated 26th December 2008....
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Public Notice No. 121 (RE-2008)/2004-2009 -
(24/12/2008) -
Consequently, export of above mentioned products destined to specified linked markets will be entitled to benefit under Para 3.10.7 of Foreign Trade Policy (RE-2008)/2004-2009 for exports made w.e.f 1.4.2008....
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Public Notice No. 120 (RE-2008)/2004-2009 -
(24/12/2008) -
In exercise of powers conferred under Paragraph 2.4 of the Foreign Trade Policy 2004-09, the Director General of Foreign Trade hereby makes the following amendments in Handbook of Procedures....
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Public Notice No. 119 (RE-2008)/2004-2009 -
(24/12/2008) -
In exercise of powers conferred under Paragraph 2.4 of the Foreign Trade Policy 2004-09, the Director General of Foreign Trade hereby makes the following amendments in Handbook of Procedures....
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Notification No. G.S.R. 888(E) -
(24/12/2008) -
.- In exercise of the powers conferred by sub-sections (5) and (8) of section 25 and sub-section (2) of section 609 read with sections 610A, 610B and 610E of the Companies Act, 1956 (l of 1956), the Central Government hereby makes the following regulations further to amend the Companies Regulations, 1956...
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Notification No. G.S.R. 876(E) -
(24/12/2008) -
– In exercise of the powers conferred by sub-section (1) of section 642 read with section 610B of the Companies Act, 1956 (1 of 1956), the Central Government hereby makes the following rules to amend the Companies (Central Government's) General Rules and Forms, 1956...
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Notification NO. 136/2008-Customs -
(24/12/2008) -
Capital goods in Semi Knocked Down (SKD) / Completely Knocked Down
(CKD) conditions to be assembled into capital goods by the importer....
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Notification No. 135/2008-Customs -
(24/12/2008) -
The principal notification number 30/2008-Customs dated the 3rd March, 2008 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) of vide number G.S.R. 161(E), dated the 3rd March, 2008....
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Notification No. 49/2008-Central Excise (N.T.) [G.S.R. 882 (E)] -
(24/12/2008) -
For the purposes of this notification, except for S.No.30, "retail sale price" means the maximum price at which the excisable goods in packaged form may be sold to the ultimate consumer and includes all taxes, local or otherwise, freight, transport charges, commission payable to dealers and all charges towards advertisement, delivery, pac...
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Notification No. 64/2008-Central Excise -
(24/12/2008) -
The principal notification No.4/2006-Central Excise, dated the 1st March, 2006 was published in the Gazette of India, Extraordinary, part II, section 3, sub-section (i) vide number G.S.R.94 (E), dated the 1st March, 2006, and was last amended by notification No. 58/2008-Central Excise, dated the 7th December, 2008 published vide number G....
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Notification No. 63/2008-Central Excise -
(24/12/2008) -
The principal notification No. 28/2002-Central Excise, dated the 13th May, 2002 was published in the Gazette of India, Extraordinary vide G.S.R 361 (E), dated the 13th May 2002 and was last amended vide notification No.40/2004-Central Excise, dated the 4th August, 2004, published in the Gazette of India, Extraordinary vide G.S.R 502 (E) ...
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Notification No. 61/2008-Central Excise -
(24/12/2008) -
from so much of the duty of excise leviable thereon under the said Schedules, as is in excess of the duty that would have been leviable on such goods under the said Schedules, if sold by the manufacturer for delivery at the time of removal of such goods or at any other time nearest to the removal of such goods, where the manufacturer and...
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Notification No. 60/2008-Central Excise -
(24/12/2008) -
The principal notification was published in the Gazette of India, Extraordinary, vide number G.S.R.537(E), dated the 17th August, 2005 and was last amended vide notification number 27/2007-Central Excise, dated the 14th June, 2007, published in the Gazette of India, Extraordinary, vide number G.S.R. 428 (E), dated the 14th June 2007....
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As your good self are aware that the Council at its 280th meeting held from 7th to 9th August 9, 2008, considered the cited matter. After detailed discussion, the Council authorised CA. Vinod Jain, Chairman, CLC to finalize the Schedule VI and Saral Schedule VI for small and medium companies while appreciating the views/suggestions emerge...
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If you have accepted any concurrent audit, directorship in banks, taking loans from banks, after fiiling of MEF for 2008-09, you have to file form given in the below link so that statutory audit of that bank will not be alloted to you but other bank can be allotted....
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The Central Board of Direct Taxes have ordered that any return of income for the assessment year 2008-09 filed electronically on 30 th September 2008, in respect of which the electronic acknowledgement bears the date stamp of 1 st October 2008, shall be treated as having been filed within the due date, i.e. 30 th September 2008....
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ICAI is considering broadcasting 12 hour of programming a day for students and its members. It may be mentioned here that CA professionals have to take mandatory 20 hours of training every year. We feel that with increasing base of membership and students in India and overseas we need to have a mass medium. Our own channel will enable us ...
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Do you wish to nominate any leader for the Corporate Awards? These awards are instituted to acknowledge Chartered Accountants in industry who have demonstrated excellence in the way in which they conduct their profession, are exemplary role models in the industry and have created value to their company's stakeholders on a sustainable basi...
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This is what DOT has told to the government that any phone which doesn’t have a valid IMEI Number will be banned starting next year think they started with a date of Jan 6th and may be they will move that or extend it to March 2009. This means 13 percent of the Chinese and Korean mobile phones which either doesn’t have a valid IMEI nu...
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Slow internet connections will continue till Friday, even as restoration work on two cables out of the three that had severed a few days ago is under way. In India, the latency will continue till the end of the week, even for customers who have opted for redundancy bandwidth. For those who did not opt for redundancy bandwidth, the latency...
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The Reserve Bank of India has started a review of the non-performing asset or bad loan classification norms to ease the flow of credit to corporate groups. The move follows a reference from the government and is aimed at relaxing the norms temporarily to enable companies to access funds during the economic downturn that is putting pressur...
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The government said on Tuesday it has no proposal to ban futures trading in more commodities. Since the Abhijit Sen Committee could not establish any definite causal relationship between futures trading and rise in prices of commodities, there is no proposal to ban futures trading in more commodities, minister of state for finance P K Ban...
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The government may introduce provisions in the new direct tax code to prevent misuse of double taxation avoidance agreements India has with other countries. The new code is likely to be unveiled before the year ends. A government official said a discussion paper on the code, a major initiative undertaken under the guidance of the former f...
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Notification No. G.S.R. 872(E) -
(23/12/2008) -
In exercise of the powers conferred by sub-section (1) of section 642 read with section 6108 of the Companies Act, 1956 (1 of 1956), the Central Government hereby makes the following rules to amend the Companies (Central Government's) General Rules and Forms, ...
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Notification No. LAD-NRO/GN/2008/30/148262 -
(23/12/2008) -
No person shall, directly or indirectly, either individually or together with persons acting in concert with him, acquire and/or hold more than five per cent. of the paid up equity capital of a recognised stock exchange after commencement of these regulations, unless he is a fit and proper person and has taken prior approval of the Board...
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Notification No. 111/2008-Income Tax -
(23/12/2008) -
Notification No. 111-Income Tax In exercise of the powers conferred by section 295 read with section 285BA of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962 namely :—
1. (1) These rules may be called the Income-tax (Eleventh ...
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Notification No. 110/2008-Income Tax -
(23/12/2008) -
Notification No. 110-Income Tax In exercise of the powers conferred by sub-section (1) of section 269B of the Income-tax Act, 1961 (43 of 1961), the Central Government, in supersession of all the earlier notifications on the subject, except as respects things done or omitted to be done under those notifications, hereby authorizes every Jo...
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Concerned at the government's 'revenue loss' due to giving 'large deductions' while calculating the income tax payable by banks, tax authorities have decided to scan the accounts of lenders, including foreign banks, in minute detail....
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The government on Saturday relaxed the ban on export of cement in the backdrop of waning demand for this crucial construction input from the real estate sector. The ban was imposed on April 11 this year to curb the rapidly-rising inflation....
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The use of monetary policy to stabilise growth has always been subject to concerns about effectiveness, often described as 'pushing on a string.' The central bank can lower rates and inject liquidity all it wants, but these measures will only have the desired impact if they translate into lower lending rates and larger flows of credit fro...
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Prime Minister Manmohan Singh met Reserve Bank of India Governor D Subbarao and Finance Secretary Arun Ramanathan in New Delhi on Saturday to discuss the macroeconomic situation. The meeting comes ahead of a fresh stimulus package aimed at sectors not covered in the earlier measures announced by the central bank and the government....
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Concerned by the delay in announcement of the second economic stimulus package, the commerce ministry has asked the committee of secretaries headed by Cabinet secretary KM Chandrashekhar for speedy intervention....
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With hacking, viruses and what-have-you attacking your computer, here is a list of do's and don'ts that you should enforce when you are using your machine. DO use passwords that are difficult to guess. Choose a password that uses a combination of characters, numbers and symbols....
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Tax on rental income - The rental income is added to the taxable income and tax liability is based on the tax slabs. Up to 30 percent of rental income can be deducted towards maintenance of the rented place and for payment of property tax etc....
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Empanelment Form For Allotment Of Cooperative Bank Audit Panel Of Auditors For Audit Of Urban Cooperative Banks Having Deposit Exceeding Rs.25 Crores....
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Policy Circular No. 49 (RE-2008)/2004-2009 -
(22/12/2008) -
It is brought to the notice of all concerned that vide these Notifications transitional arrangement available under Para 1.5 of FTP have not been stopped. Thus, the transitional arrangements in respect of items whose import has been restricted vide the said Notifications shall continue. Similarly, where the shipment has been made prior to...
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Notification No. G.S.R. 868(E) -
(22/12/2008) -
G.S.R. 868 (E). – In exercise of the powers conferred by sub-section (1) of section 642 read with section 610B of the Companies Act, 1956 (1 of 1956), the Central Government hereby makes the following rules to amend the Companies (Central Government's) General Rules and Forms, 1956...
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Notification No. 134/2008-Customs -
(22/12/2008) -
If the designated authority recommends anti-dumping duty after completion of the said new shipper review, the importer shall be liable to pay the amount of such anti-dumping duty imposed on all imports into India of the subject goods from M/s Foshan Lihua Ceramics Co. Ltd., China PR (producer) and M/s Foshan Henry Trading Company, China P...
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Circular No. 880/18/2008-Central Excise -
(22/12/2008) -
The Notification SRO-91 dated 16.03.2006 issued by the Government of J & K states that every registered industrial unit claiming tax (VAT) remission shall make price adjustment in the selling price equivalent to the amount of tax chargeable on the finished goods sold, where after the tax shall be charged on the net selling price so that ...
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Members holding Certificate of Practice (except those members who are residing abroad and senior members), unless exempted are required to (a) Complete at least 90 CPE credit hours in each rolling three year period starting from the calendar year 2008, of which 60 CPE credit hours should be of structured learning....
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Vodafone International Holdings B.V., Vs Union of India (Bombay High Court) -
The very purpose of entering into agreements between the two foreigners is to acquire the controlling interest which one foreign company held in the Indian company, by other foreign company. This being the dominant purpose of the transaction, the transaction would certainly be subject to municipal laws of India, including the Indian Incom...
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Mandatory E-filing of Returns is applicable for Registered Dealers to whom the Explanation to clause (8) of Section 2 applies and whose tax liability during the previous year was rupees one crore or less, in respect of the period starting on or after 1st April, 2008....
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Ramalinga Raju’s problems just don’t seem to end. After the unprecedented furore over Satyam Computers’ aborted plan to buy into Maytas Infrastructure and Maytas Properties — controlled by the Raju family — for a whopping $1.6 billion, the UK-based Upaid Systems has alleged that Satyam’s buyback proposal is yet another ploy to...
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Since August last year, the world has been watching. It all began with a show cause notice issued to Vodafone BV (based in the Netherlands), holding it to be an “assessee in default” for not withholding tax at source when it made payments to a Hutchison Group company (based in Cayman Islands) for acquiring shares of another Cayman Isl...
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With inflation declining for the sixth week in a row, ICICI Bank chief K V Kamath on Friday said lending rate will come down to single digit in a year and predicted attractive opportunities in treasury operations in the soft interest rate regime....
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Commissioner of Income Tax Vs K Synthetics Limited (Delhi High Court) -
The third installment of know-how fee which related to grant of technical assistance and continuous know-how, in Italy, including training of personnel, in Italy is revenue in nature, any interest paid in relation to delayed payments will also, have to be treated, as one, which is, on revenue account....
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The Tally Data Migration Tool is an efficient migration tool that primarily helps you to migrate and restore your company data from Tally 7.2 to Tally 9. It works with the Tally 9.exe file. The Data Migration Tool also allows the migration of TCP (Tally Compliant Product) files....
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For users of Tally 9 who want to use tally payroll I am providing small slide show to give a brief idea on how to work on payroll. The slide show is prepared by using ZOHO show which is an online tool like power point presentation....
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Public Notice No. 118 (RE-2008)/2004-2009 -
(19/12/2008) -
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 place as mentioned inANNEXURE “A” to this Public Notice are made....
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Policy Circular No. 48 (RE-2008/2004-09) -
(19/12/2008) -
The matter was discussed in the Port Officers meeting held on 25th November 2008. It is hereby clarified that import of Tippers/Dumpers and spares thereof including tyres are allowed to be imported as mining equipment under EPCG Scheme by mining establishments subject to the following conditions....
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Circular No. 22/2008-Customs Duty -
(19/12/2008) -
A suitable Public Notice and Standing Order may be issued for the guidance of the trade and staff. Difficulties faced, if any, in implementation of the Circular may be brought to the notice of the Board at an early date....
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The global economic meltdown may bring in a major change in the final layout of the new company law, which is now being considered by a Parliamentary Standing Committee. The Companies Bill 2008, which aimed to reduce government intervention in Internal affairs of the companies and substitute it with disclosures and their self- regulation,...
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The new Companies Bill 2008 proposes sending celebrities to jail for up to three years if they induce consumers to buy a product with misleading claims. The Bill also wants the company to pay Rs 50 lakh as penalty for cheating consumers. Currently, such companies face a Rs 1-lakh fine. The Bill was tabled in Parliament in October....
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Notification No. 73 (RE-2008)/2004-2009 -
(19/12/2008) -
In exercise of the powers conferred by Section 5 read with Section 3(2) of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) and also read with Para 1.3 and Para 2.1 of the Foreign Trade Policy, 2004-2009, the Central Government hereby makes, with immediate effect the following amendments to Notification No.4 (RE-2008...
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The government has asked the I-T department to soon process refund claims up to Rs 25,000 for every assessee whose tax is deducted at source (TDS) for 2007-08. "The Income- Tax Department has instructed the field formations to accept the TDS-payer's claim, with certain exceptions . where the refund computed does not exceed Rs 25,000," a F...
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The government is considering a proposal to double the income tax exemption limit on housing loans to Rs 3 lakh from the current level of Rs 1.5 lakh, according to government sources. The proposal is being discussed by the committee of secretaries that was set up in the wake of the global financial crisis affecting the Indian economy. Ind...
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Corporate India and retail borrowers may soon get loans at cheaper rates and on easier terms. The Reserve Bank of India has advised banks to cut rates further, citing fall in inflation, easy liquidity and lower cost of funds....
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The government will be preventing Chartered Accountants from offering consultancy and advisory services to the companies which hire them for auditing their accounts. This is being done to lend greater credibility to company accounts. The statutory auditors, who vet the financial accounts of a company, will be restricted from providing the...
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Notification No. 139/2008-Customs (N.T.) -
(19/12/2008) -
In exercise of the powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby appoints the Commissioner of Customs....
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Notification No. 138/2008-Customs (N.T.) -
(19/12/2008) -
In exercise of the powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby appoints the Commissioner of Customs (Import), Jawaharlal Nehru Custom House, Nhava Sheva, Raigad, Maharashtra to act as a common adjudicating authority ...
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Notification No. 137/2008-Customs (N.T.) -
(19/12/2008) -
for the purpose of adjudicating the matters relating to Show Cause Notice pertaining to M/s Cyclops Group, No. 78, Magadi Main Road, Bangalore and another, issued vide, DRI F.No. S/IV/08/06 (Chn. SCN), dated the 28th November, 2006 by the Additional Director General, Directorate of Revenue Intelligence, Bangalore Zonal Unit, Bangalore. ...
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Notification No. 136/2008-Customs (N.T.) -
(19/12/2008) -
for the purpose of adjudicating the matters relating to Show Cause Notice pertaining to M/s P. N. Shah Adhesives, No. 78, Magadi Main Road, Bangalore and another, issued vide, DRI F.No. S/IV/08/06 (Tut. SCN), dated the 24th November, 2006 by the Additional Director General, Directorate of Revenue Intelligence, Bangalore Zonal Unit, Banga...
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Notification No. 135/2008-Customs (N.T.) -
(19/12/2008) -
In exercise of the powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby appoints the Commissioner of Customs (Sea Port-Import), Customs House, Chennai to act as a common adjudicating authority to exercise the powers and disc...
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Notification No. 134/2008-Customs (N.T.) -
(19/12/2008) -
In exercise of the powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby appoints the Commissioner of Customs (Export Promotion), Jawaharlal Nehru Custom House, Nhava Sheva, Uran, Raigad, Maharashtra, to act as a common adjudi...
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Notification No. 133/2008-Customs (N.T.) -
(19/12/2008) -
In exercise of the powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby appoints the Commissioner of Customs....
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Notification No. 132/2008-Customs (N.T.) -
(15/12/2008) -
In the said notification, after the words Commissioner of Customs, Air Cargo Complex, Sahar, Mumbai, the words and brackets "and the Commissioner of Customs (Import), Jawaharlal Nehru Custom House, Nhava Sheva, Raigad, Maharashtra" shall be inserted....
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Circular No. 11/2008-Income Tax -
(19/12/2008) -
Circular No. 11/2008-Income Tax Definition of ‘Charitable purpose’ under section 2(15) of the Income tax Act, 1961 – reg.Section 2(15) of the Income Tax Act, 1961 (‘Act’) defines “charitable purpose” to include the following:- (i) Relief of the poor (ii) Education (iii) Medical relief, and (iv) the advancement of any other ...
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(19/12/2008) -
Under the general permission available, the following categories can freely purchase immovable property in India: i) Non-Resident Indian (NRI)- that is a citizen of India resident outside India ii) Person of Indian Origin (PIO)- that is an individual (not being a citizen of Pakistan or Bangladesh or Sri Lanka or Afghanistan or China or Ir...
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Notification No. 107/2008-Income Tax -
(11/12/2008) -
NOTIFICATION NO. 107/2008, DATED 11-12-2008 An application for approval under clause (iia) of sub-section (1) of section 35 by a company shall be made in duplicate in Form No. 3CF-III, to the Commissioner of Income-tax having jurisdiction over the applicant, at any time during the financial year immediately preceding the assessment year f...
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Apex chartered accountant institute ICAI will help the 155-year-old Indian Railways upgrade its accounting practices. "We will help the Railways upgrade its accounting system and make it look like a corporate account, fully based on accrual accounting system," Institute of Chartered Accountants (ICAI) President Ved Jain told PTI....
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More than 8,000 officers of the Income Tax department across the country have become tech-savvy as the government has provided them with brand new laptops under an incentive scheme. The laptops have the advanced Windows Vista Business operating system with an encrypting file feature, a password protected shared documents folder, a two GB ...
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Specimen of Letter of Appointment as Vat Auditor under Section 61 Of The MVAT Act, 2002, For The Financial Year Ending 31st March 2011. Specimen Letter of Communication with Previous Mavt Auditor....
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Circular No. 21/2008-Customs Duty -
(18/12/2008) -
The Ministry of Consumer Affairs and Public Distribution, Department of Consumer Affairs has again brought to the notice of the Board about the need to comply with the requirement of Standards of Weights and Measures (Packaged Commodities) Rules, 1977, in specific reference to import of toys....
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