"December, 2008" Archive - Page 8

Lending Rate to Be In Single Digit in a Year

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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Posted Under: Finance |

know-how fee related to grant of technical assistance and continuous know-how, including training of personnel,is revenue in nature

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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FAQ On Data Migration in Tally

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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Posted Under: Finance |

How to Activate Payroll in Tally

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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Posted Under: Finance |

Public Notice No. 118 (RE-2008)/2004-2009, Dated: 19.12.2008

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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Import of Trucks/Tippers/Dumpers etc. under EPCG Scheme

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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Procedure relating to sanction and pre-audit of refund claims-regarding

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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Company Law under Slowdown Specter

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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Posted Under: Finance |

Celebrities too May Face Heat Over Misleading Advertisements

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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Posted Under: Finance |

Notification No. 73 (RE-2008)/2004-2009, Dated: 19.12.2008

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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