"December, 2008" Archive - Page 13

High Court Verdict Strengthens Income Tax Department – CBDT Chairman

The CBDT, Chairman Shri N.B. Singh said that the decision of the Mumbai High Court in favour of the Income Tax Department in the case relating to transfer of securities of Vodafone Essar Limited has strengthened the hands of the Income Tax Department....

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Posted Under: Income Tax |

Announcement for Application/ Request for Grant of Accounting Technician Certificate – ICAI

This is to inform that as per amendment carried to the regulations vide notification dt 3rd December,2008 all such students who have passed either PE-II or Intermediate Exam and has completed the article training are eligible for grant of Accounting Technician Certificate on making an application . Accordingly all such eligible person are...

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Posted Under: Income Tax |

Scrutiny of A.Y, 2008-09 Returns To Take Place in Current Fiscal

In a major departure from the usual practice, the Central Board of Direct Taxes (CBDT) has issued directions that scrutiny of the self-assessment returns filed by September 30, 2008 for the financial year 2007-08 will be taken up in the current fiscal....

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Posted Under: Income Tax |

I Vote Nobody- Section 49-O -Interesting One

Did you know that there is a system in our constitution, as per the 1969 act, in section "49-O" that a person can go to the polling booth, confirm his identity, get his finger marked and convey the presiding election officer that he doesn't want to vote anyone!...

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Posted Under: Income Tax |

India's Stimulus Package – More Help Needed

Under withering criticism for its handling of the country's economic slowdown and Mumbai's terrorist attacks, the Indian government fought back over the weekend, announcing a coordinated, two-flanked stimulus plan that could top $8 billion. India's moribund stock market momentarily cheered, rising almost 4 per cent by midday (Monday). But...

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Posted Under: Income Tax |

18 IPOS Get New Lease of Life from Sebi

Eighteen companies, collectively planning to raise Rs 9,000 crore (Rs 90 billion) through initial public offers, will benefit from the Securities and Exchange Board of India's new norms to extend the IPO validity period from three months to a year....

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Posted Under: Income Tax |

8 Things Indian Companies and Govt Must Do Against Pakistan

The three-day-long terror strike on the country's financial capital was devastating in terms of its reach and impact. It has left Corporate India badly shaken and the elites numb.It is no more about bombs being thrown at bus stations or trains getting blasted. It is no longer about only Nagpada or Govindpuri residents losing limbs and liv...

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Posted Under: Income Tax |

Two I-T Officials in CBI Net for Graft

Two I-T officials in CBI net for graft Dec 10, 2008 CBI laid two traps to nab the officials after being alerted by credit co-op societies that had been `threatened' with punitive action.Two senior officials of the Income Tax department were arrested by the Central Bureau of Investigation (CBI) on Tuesday after being caught accepting a bri...

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Posted Under: Income Tax |

Public Notice No. 114 (RE-2008)/2004-2009, Dated: 10.12.2008

Public Notice No. 114 (RE-2008)/2004-2009 (10/12/2008)

Consequently, the above mentioned Goods are entitled to benefits under High Value Added Manufactured Goods category (Para 3.10.2 of Foreign Trade Policy, 2004-09) on exports made w.e.f 1.4.2008, only if condition in Note 2 above is fulfilled to the satisfaction of the RA concerned ....

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Notification No. 71 (RE-2008)/2004-2009, Dated: 10.12.2008

Notification No. 71 (RE-2008)/2004-2009 (10/12/2008)

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 the following addition with immediate effect at the end of Paragraph 2 of Not...

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