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Archive: 16 February 2009

Posts in 16 February 2009

Circular No. 08/2009-Custom Duty, Dated: 16.02.2009

February 16, 2009 436 Views 0 comment Print

Circular No.8 /2009-Cus. F.NO.605/55/2008-DBK Government of India Ministry of Finance Department of Revenue New Delhi, the  16th  February,2009. Sub: Applicability of notification No 41/2005-Cus to the goods imported against the  credit Scrips issued under para 3.8.6 of Foreign Trade Policy (FTP) (2008-09) under Vishesh  Krishi Gram Udyog Yojana  (VKGUY) scheme – Reg Reference is invited […]

No tax cuts, fiscal sops in Interim Budget for F.Y. 09-10

February 16, 2009 273 Views 0 comment Print

Pranab Mukherjee, the stand-in Prime Minister and Finance Minister of India, delivered the Interim Budget speech in the Lok Sabha on Monday 16.02.2009. Though, He  did not announce any major sops for ailing industries or changes in tax structure and stuck to highlighting the achievements of the United Progressive Alliance (UPA) government.

HC allows I-T dept to reassess Mayawati's income

February 16, 2009 399 Views 0 comment Print

Uttar Pradesh chief minister Mayawati’s income for the financial year 2001-02 will be reassessed by the income tax department as the Delhi HC has allowed it a relook, while hearing a plea that she had allegedly not declared full details. A bench of Justices Vikramajit Sen and Rajiv Shakdher dismissed the BSP chief ‘s plea […]

AAR on obligation of an Indian company to deduct tax at source for payments made to a Korean company under ‘Secondment Agreement’

February 16, 2009 606 Views 0 comment Print

8.5 The crucial question to be asked and answered is whether the applicant has paid any fee to HMFICL for the service of deputing its own employee having technical knowledge to work with the applicant for a specified period? Whether the part reimbursement of salary of secondee by the applicant shall be construed as consideration for rendering the service of the kind covered by FTS clause

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