"December, 2008" Archive - Page 6

Notification No. 111/2008-Income Tax Dated 23/12/2008

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 Dated 23/12/2008

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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Banks' accounts under scanner for deductions clamied

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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Posted Under: Income Tax |

Centre further relaxes ban on cement exports

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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Posted Under: Income Tax |

Why our banks need to be less lazy

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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Posted Under: Income Tax |

RBI not done with Rate cuts

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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Posted Under: Income Tax |

Commerce ministry wants speedy stimulus package

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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Posted Under: Income Tax |

Do's and don't's when you are using Internet

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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Posted Under: Income Tax |

Rent Income and Tax Provisions

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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Posted Under: Income Tax |

Application for Empanelment for Audit of Co-Operative Banks

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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Posted Under: Income Tax |

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