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Join our free webinar on July 7 at 5 PM for insights into 10 recent High Court income tax judgments favoring assessees. Expert analysis by CA Dipak Dama.
.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 September 2008.
A Double Taxation Avoidance Agreement was signed between India and Tajikistan today, i.e. 20th November, 2008. The Agreement was signed by Mr. Narendra Bahadur Singh,Chairman, Central Board of Direct Taxes on behalf of Government of India and by Mr. Norinov Jamshed Nurmahmadovich, Deputy Minister of Finance of the Republic of Tajikistan on behalf of the Government of Tajikistan.
If the income tax department fails to appeal against judgments against it by high courts on a certain legal question for several years, is it barred from raising the question later? No, said the Supreme Court in Commissioner of Income Tax vs J.K. Charitable Trust.
The government and the Securities and Exchange Board of India (Sebi) would soon put up a framework for delisting of securities. A more simplified procedure for delisting of small companies would also be put in place, according to official sources.
The Income Tax Department seeks suggestions on e-filing of I-T returns for the AY 2009-10 to make the e-filing website, software and functionalities more user-friendly and robust. Apart from general suggestions, specific suggestions on website look and feel, functionalities and facilities, white papers and technical papers are also welcome. Technical suggestions on XML schema, digital signatures, security, web services are also solicited. Suggestions and documents (in word format preferably) may be sent to efilingsuggestions@gmail.com .
In exercise of powers conferred by Section 5, read alongwith Section 3(2) of the Foreign Trade (Development and Regulation) Act, 1992, also read alongwith paragraph 2.1 of Foreign Trade Policy, 2004-09, the Central Government hereby extends the validity of prohibition on import of milk and milk products under Chapter 4 of ITC(HS) from China vide Notification No.46/(RE 2008)/2004-2009 dated 24th September, 2008 by another six months from 24.12.2008 upto 23.6.2009.
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 amends, with immediate effect, Schedule-II of ITC (HS) Classification of Export and Import Items, 2004-09, as amended from time to time, by inserting Chapter 4.
The import / export of rough diamond (HS Code 7102.10, 7102.21 or 7102.31) from / to Venezuela shall be prohibited in view of voluntary separation of Venezuela from the Kimberley Process Certification Scheme (KPCS). No Kimberley Process Certificate shall be accepted / endorsed / issued for import and export of rough diamonds from / to Venezuela.
against serial number 78, in column (3), for the existing entry, “In the State of Tripura, Mizoram, Manipur, Nagaland (except the Districts of Mokokchung, Longleng, Mon, Tuensang) and Meghalaya (except the Districts of East, West and South Garo Hills) and the Districts of Nagaon, Silchar, Karimganj, Hailakandi, North Cachar Hills, Karbi Anglong and Golaghat in the State of Assam” shall be substituted.
While the legal profession in India is still weighing the pros and cons of opening up to foreign competition, chartered accountants have gone ahead and taken the plunge. The Institute of Chartered Accountants of India (ICAI) has signed an agreement with the Institute of Chartered Accountants in England and Wales (ICAEW), allowing both countries to recognise the qualification of CAs from the other country.
