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Archive: 13 February 2009

Posts in 13 February 2009

Wealth-Tax (Second Amendment) Rules, 2009 – Amendment In Rule 3A

February 13, 2009 1676 Views 0 comment Print

Notification No. 16/2009 – Income Tax In exercise of the powers conferred by section 46 of the Wealth-tax Act, 1957 (27 of 1957), the Central Board of Direct Taxes hereby makes the following rules further to amend the Wealth-tax Rules, 1957, namely

New SEBI guideline on Substantial Acquisition of Shares and Takeovers

February 13, 2009 657 Views 0 comment Print

THE GAZETTE OF INDIA EXTRAORDINARY PART –III– SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, FEBRUARY 13, 2009 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION MUMBAI, the 13th February, 2009 Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Second Amendment) Regulations, 2009   No. LAD/NRO/GN/2008-09/34/154082. In exercise of the powers conferred by […]

Amendment in Wealth-tax rule 3A related to Jurisdiction of Valuation Officers

February 13, 2009 979 Views 0 comment Print

Notification No. 16/2009 – Income Tax Where the valuation of any asset, being building or land or any right in any building or land, referred to the District Valuation Officer, the Valuation Officer or the Assistant Valuation Officer, as the case may be, is pending with him on the 13th February, 2009, being the date of commencement of the Wealth-tax (Second Amendment) Rules, 2009, —

The burden of proving understatement or concealment is on the revenue

February 13, 2009 1119 Views 0 comment Print

Where in any financial year the assessee has made investments or is found to be the owner of any bullion, jewellery or other valuable article, and the Assessing Officer finds that the amount expended on making such investments or in acquiring such bullion, jewellery or other valuable article exceeds the amount recorded

Guidelines For Calculation Of Total Foreign Investment In Indian Companies

February 13, 2009 388 Views 0 comment Print

The guidelines on transfer of ownership or control of Indian companies in sectors with caps from resident Indian citizens to non-resident entities would ensure that, in sectors with caps, Government approval/FIPB approval would be required in all cases where an Indian company is being established with foreign investment and is owned or controlled by a non-resident entity; or the ownership or control of an existing Indian company,

India Remains Among Fastest Growing Economies In World : Kamal Nath

February 13, 2009 3327 Views 0 comment Print

Shri Kamal Nath, Union Minister of Commerce and Industry, has said that from a national perspective, India will remain one of the fastest growing economies in the world over 2008-09 to 2010-11. Addressing at the Hero Mindmine Summit, here today, on the theme of “Challenges of troubled times: Opportunities & Threats”, he further added that […]

Small Investor will be Encouraged to critically examine the decisions of the companies

February 13, 2009 444 Views 0 comment Print

The government is set to empower ordinary shareholders of the eight lakh domestic companies by encouraging them to critically examine the decisions of the companies, and if they feel something amiss, complain to the government.

Address Proof Card from Post Office at Rs. 250

February 13, 2009 8268 Views 29 comments Print

Many working peoples often shift their houses. For them, it is difficult to produce an address proof issued by Govt with latest address. Our India post (post office) has come up with a solution. Now you can get an Address proof along with your photo from India post. Since the ID proof is issued by […]

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