"December, 2008" Archive - Page 9

Pending Tax Refund Up To Rs 25,000 to Be Given Soon – Govt

The government has asked the I-T department to soon process refund claims up to Rs 25,000 for every assessee whose tax is deducted at source (TDS) for 2007-08. "The Income- Tax Department has instructed the field formations to accept the TDS-payer's claim, with certain exceptions . where the refund computed does not exceed Rs 25,000," a F...

Read More
Posted Under: Income Tax |

Income Tax exemption on home loans may be doubled

The government is considering a proposal to double the income tax exemption limit on housing loans to Rs 3 lakh from the current level of Rs 1.5 lakh, according to government sources. The proposal is being discussed by the committee of secretaries that was set up in the wake of the global financial crisis affecting the Indian economy. Ind...

Read More
Posted Under: Income Tax |

RBI Says Time Ripe For Cheaper, Easier Loans

Corporate India and retail borrowers may soon get loans at cheaper rates and on easier terms. The Reserve Bank of India has advised banks to cut rates further, citing fall in inflation, easy liquidity and lower cost of funds....

Read More
Posted Under: Income Tax |

CAs to be restricted from taking non-audit work

The government will be preventing Chartered Accountants from offering consultancy and advisory services to the companies which hire them for auditing their accounts. This is being done to lend greater credibility to company accounts. The statutory auditors, who vet the financial accounts of a company, will be restricted from providing the...

Read More
Posted Under: Income Tax |

Notification No. 139/2008-Customs Duty (N.T.), dated 19-12-2008

Notification No. 139/2008-Customs (N.T.) (19/12/2008)

In exercise of the powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby appoints the Commissioner of Customs....

Read More

Notification No. 138/2008-Customs Duty (N.T.), dated 19-12-2008

Notification No. 138/2008-Customs (N.T.) (19/12/2008)

In exercise of the powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby appoints the Commissioner of Customs (Import), Jawaharlal Nehru Custom House, Nhava Sheva, Raigad, Maharashtra to act as a common adjudicating authority ...

Read More

Notification No. 137/2008-Customs Duty (N.T.), dated 19-12-2008

Notification No. 137/2008-Customs (N.T.) (19/12/2008)

for the purpose of adjudicating the matters relating to Show Cause Notice pertaining to M/s Cyclops Group, No. 78, Magadi Main Road, Bangalore and another, issued vide, DRI F.No. S/IV/08/06 (Chn. SCN), dated the 28th November, 2006 by the Additional Director General, Directorate of Revenue Intelligence, Bangalore Zonal Unit, Bangalore. ...

Read More

Notification No. 136/2008-Customs Duty (N.T.), dated 19-12-2008

Notification No. 136/2008-Customs (N.T.) (19/12/2008)

for the purpose of adjudicating the matters relating to Show Cause Notice pertaining to M/s P. N. Shah Adhesives, No. 78, Magadi Main Road, Bangalore and another, issued vide, DRI F.No. S/IV/08/06 (Tut. SCN), dated the 24th November, 2006 by the Additional Director General, Directorate of Revenue Intelligence, Bangalore Zonal Unit, Banga...

Read More

Notification No. 135/2008-Customs Duty (N.T.), dated 19-12-2008

Notification No. 135/2008-Customs (N.T.) (19/12/2008)

In exercise of the powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby appoints the Commissioner of Customs (Sea Port-Import), Customs House, Chennai to act as a common adjudicating authority to exercise the powers and disc...

Read More

Notification No. 134/2008-Customs Duty (N.T.), dated 19-12-2008

Notification No. 134/2008-Customs (N.T.) (19/12/2008)

In exercise of the powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby appoints the Commissioner of Customs (Export Promotion), Jawaharlal Nehru Custom House, Nhava Sheva, Uran, Raigad, Maharashtra, to act as a common adjudi...

Read More