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Archive: 07 January 2009

Posts in 07 January 2009

Postmortem of Union Budget 2024: A Comprehensive Webinar

July 16, 2024 3849 Views 3 comments Print

Join our webinar on July 24-25 for an in-depth analysis of Union Budget 2024. Learn about tax proposals, sector impacts, and investment insights. Register now!

Live Course on 360 degree Analysis of Input Tax Credit from a Litigation Perspective

July 14, 2024 3483 Views 0 comment Print

Join CA Sachin Jain for a live course on Input Tax Credit from a litigation perspective. Gain practical insights and master ITC complexities. Register now!

Public Notice No. 128 (RE-2008)/2004-2009, Dated: 07.01.2009

January 7, 2009 268 Views 0 comment Print

Export of items used for cooking and dining purposes are not ‘Handicraft’ items. Accordingly, all such items including those falling in the ‘Tableware’ / ‘Kitchenware’ category shall not be entitled for VKGUY benefits under Table 15.

Public Notice No. 127 (RE-2008)/2004-2009, Dated: 07.01.2009

January 7, 2009 271 Views 0 comment Print

In exercise of the powers conferred under Paragraph2.4 of the Foreign Trade Policy, 2004-09 and Paragraph 1.1 of the Handbook of Procedures (Vol.I), the Director General of Foreign Trade hereby makes the following amendments/corrections in the Handbook of Procedures, Vol. 2,2004-2009, as amended from time to time.

Notification No. 76 (RE-2008)/2004-2009, Dated: 07/01/2009

January 7, 2009 265 Views 0 comment Print

In exercise of powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with paragraph 2.1 of the Foreign Trade Policy – 2004-09, the Central Government hereby amends Schedule – I (Imports) of the ITC (HS) Classifications of Export and Import Items.

Regarding levy of duty on goods falling under heading Nos. 86.01 to 86.06, of First Schedule to Central Excise Tariff Act, 1985 (5 of 1986)

January 7, 2009 280 Views 0 comment Print

Now, therefore, in exercise of the powers conferred by section 11C of the said Act, the Central Government hereby directs that the whole of the duty of excise payable under section 3 of the said Act on such parts, when used within the factory in which they have been produced, in the manufacture of goods.

DTAA between India and Serbia Notified

January 7, 2009 1232 Views 0 comment Print

Whereas the annexed Convention between the Government of Republic of India and the Council of Ministers of Serbia and Montenegro for the Avoidance of Double Taxation with respect to Taxes on Income and on Capital was signed at New Delhi on the 8th day of February, 2006; And whereas the State Union of Serbia and Montenegro was disintegrated into two independent States after Montenegro’s formal declaration of independence on 3rd June, 2006 and Serbia’s formal declaration of independence on 5th June, 2006;

Notification No. 9/2009 – Income Tax Dated 7/1/2009

January 7, 2009 412 Views 0 comment Print

Notification No. 9/2009 – Income Tax In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the issue of tax free bonds by India Infrastructure Finance Company Limited, carrying an interest rate of upto maximum 8 percent annum, aggregating to an amount of ten thousand crore rupees only, to be

Notification No. 4/2009 – Income Tax Dated 7/1/2009

January 7, 2009 283 Views 0 comment Print

Notification No. 4/2009 – Income Tax WHEREAS the annexed Convention between the Government of Republic of India and the Council of Ministers of Serbia and Montenegro for the Avoidance of Double Taxation with respect to Taxes on Income and on Capital was signed at New Delhi on 8-2-2006

Satyam’s fraud shameful: Ministry of Corporate Affairs

January 7, 2009 528 Views 0 comment Print

The ministry of Corporate Affairs is looking into the statement sent by Ramlinga Raju to stock exchanges  admitting fraud in Satyam’s accounts. “If the message was true and a fraud has happened in Satyam it is very shameful. It should not have happened,” Corporate Affairs inister Premchand Gupta told reporters on Wednesday . The corporate […]

Satyam Computer head quits, admits doctoring books

January 7, 2009 405 Views 0 comment Print

The chairman of India’s Satyam Computer Services Ltd. quit Wednesday after admitting the company’s profits had been inflated for several years, sending shares of the software services provider plunging by more than 70 percent. The news dragged down the benchmark Sensex stock index 7.3 percent to 9,594.47. The company’s balance sheet was loaded with “fictitious” […]

India to examine role of Satyam auditors, directors

January 7, 2009 270 Views 0 comment Print

NEW DELHI, Jan 7 (Reuters) – India’s government will examine the role of Satyam’s auditors and directors, after its chairman resigned and said the company profits had been inflated, the federal company affairs minister said on Wednesday. “Anybody found guilty will be dealt with accordingly,” Prem Chand Gupta told reporters. A spokeswoman for Satyam’s auditor, […]

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