"December, 2008" Archive - Page 2

Circular No. 23/2008-Customs Duty, Dated: 29/12/2008

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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Exchange rate notification for Import of / exported goods w.e.f 1st January, 2009

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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ICAI – CPE Compliance Date Extended To 31 Jan 2009

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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Posted Under: Custom Duty |

Even promise to render services at a future date would entitle Assessee to deduction u/s 80O of the Income Tax Act, 1961

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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Power of IT Authorities to Conduct Survey in Premises of a CA Lawyer/Tax Practitioner of an Assessee

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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Posted Under: Custom Duty |

Railway Enquiry and Cricket Score SMS at Normal Charges with Google

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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Posted Under: Custom Duty |

Credit Card Comparator from Apnaloan.Com

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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Posted Under: Custom Duty |

No Further Change Likely In ECB Policy

(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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Posted Under: Custom Duty |

Interest Rates to Slip to Single Digit In 2009

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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Posted Under: Custom Duty |

Dial This Helpline for Diagnostic Services

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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Posted Under: Custom Duty |