"05 January 2009" Archive

Notification No. 3/2009 – Income Tax Dated 5/1/2009

Notification No. 3/2009 - Income Tax 05/01/2009

Notification No. 3/2009 - Income Tax In exercise of the powers conferred by clause (xv) of sub-section (2) of section 80C of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the National Housing Bank (Tax Saving) Term Deposit Scheme, 2008 for the purposes of the said clause...

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SEBI : Revisions in submission of reports on two way fungibility of ADRs/GDRs

Cir No. IMD/FII&C/36/2009 05/01/2009

it has also been decided to do away with the submission of copies of contract notes to SEBI. As and when required, SEBI shall requisition the custodians to provide the copies of the contract notes....

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Government Put Conditions on Issue of Prepaid Meal Card

Notification No. 1/2009 - Income Tax 05/01/2009

Notification No. 1/2009 - Income Tax The Finance Act, 2008, w.e.f. from 1 April 2008, introduced a new concept of Electronic Meal Cards (‘EMC’), for the purpose of Fringe Benefit Tax (‘FBT’) on hospitality expenses. Hospitality expenses do not include any expenditure incurred by an employer on provision of EMCs1, which fulfils th...

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Notification No. 2/2009 – Income Tax Dated 5/1/2009

Notification No. 2/2009 - Income Tax 05/01/2009

Notification No. 2/2009 - Income Tax In exercise of the powers conferred by section 295 read with clauses ( ii) and (iii) of sub-section (1) of section 35 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...

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Notification No. 1/2009 – Income Tax Dated 5/1/2009

Notification No. 1/2009 - Income Tax 05/01/2009

Notification No. 1/2009 - Income Tax In exercise of the powers conferred by section 295 read with sub-clause (iii) of clause ( B) of sub-section (2) of section 115WB 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...

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CS Appointment Limit for companies increased to 5 Crore

Notification No. G.S.R. 11(E) 05/01/2009

Notification of change in COMPANIES (APPOINTMENT AND QUALIFICATIONS OF SECRETARY) RULES to increase the present limit of paid-up capital of Rs.2 Crore to Rs. 5 Crore for appointment of full time Company Secretary w.e.f.15/03/ 2009....

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Amendment In Definition Of `Charitable Purpose'

A number of trusts, societies and other organization avail exemption under Section 11 or Section 10(23C) by virtue of having income derived from property held under trust wholly for charitable or religious purposes, to the extent of the application of such income. Background of amendment Section 2(15) of the Act defines the term ‘Ch...

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Posted Under: Income Tax |

CA body starts bid to integrate profession

The Institute of Chartered Accountants of India (ICAI) has undertaken various initiatives to create a communication link between its members who are practising and those who are employed in the corporate sector. This is to meet the current challenge of  finance functions becoming crucial and a chief finance officer  developing into a ch...

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Posted Under: Income Tax |

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