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Archive: 16 June 2009

Posts in 16 June 2009

Notification No. 48/2009 – Income Tax Dated 16/6/2009

June 16, 2009 310 Views 0 comment Print

Notification No. 48/2009 – Income Tax In exercise of the powers conferred by sub-clause (ii) of clause (a) of sub-section (1) of section 138 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies for the purposes of the said clause, every officer of or above the rank of Superintendent of Police in the Vigilance Bureau, Government of Jharkhand

SEBI : Model Listing Agreement for listing of Indian Depository Receipts (IDRs) issued by issuing companies whose securities market regulators are signatories to the Multilateral Memorandum of Understanding (MMOU) of International Organization of Securities Commissions (IOSCO).

June 16, 2009 190 Views 0 comment Print

SEBI received suggestions from market participants to modify the said Model Listing Agreement so as to align it with the listing requirements of the issuers’ home country so that there is no additional regulatory or cost burden to the issuers.

Prohibition on import of toys

June 16, 2009 424 Views 0 comment Print

The following normative documents contain provisions which, through references in this text, constitute provisions of this part of ISO 8124. For dated references, subsequent amendments to, or revision of, any of these publications do not apply. However, parties to agreements based on this part of ISO 8124 are encouraged to investigate the possibility of applying the most recent editions of the normative documents indicated below.

Verification of new IEC Number

June 16, 2009 8098 Views 0 comment Print

IEC certificates shall be sent to the applicants on the address indicated in the application by registered post only. In exceptional cases, as decided by the Head of Office of the concerned RA, such certificates may be handed over to the applicants. In case any certificate is returned undelivered by postal authorities.

RBI circular on RTGS Transactions to all banks participating in RTGS

June 16, 2009 1835 Views 0 comment Print

It may be noted that field tag 7495 contains 6 lines and the RTGS participants are required to provide the minimum return information as stated above in the first three lines. Any additional information, in case an RTGS participant intends to provide, may do so in the subsequent three lines.

Notification No. 68/2009-Custom Duty, dated 16-06-2009

June 16, 2009 310 Views 0 comment Print

In exercise of the powers conferred by sub-sections (1) and (5) of section 9A of the Customs Tariff Act, 1975 (51 of 1975), read with rules 18 and 20 of the Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995, the Central Government hereby rescinds the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 159/2003- CUSTOMS dated the 24th October, 2003, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R.840(E), dated the 24th October, 2003, except as respects things done or omitted to be done before such rescission.

Rescinds Notification No. 134/2008-Customs, dated 22nd December, 2008

June 16, 2009 313 Views 0 comment Print

For the purposes of this notification, rate of exchange applicable for the purposes of calculation of anti-dumping duty shall be the rate which is specified in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), issued from time to time, in exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962) and the relevant date for determination of the rate of exchange shall be the date of presentation of the bill of entry under section 46 of the said Customs Act.

Accounting guidelines on carbon credits effective from July 1 : ICAI

June 16, 2009 4509 Views 0 comment Print

Accounting guidelines on carbon credits will come into force from July 1. “The Council of the Institute of Chartered Accountants of India (ICAI) has scheduled a meeting between June 18-20 to approve the accounting guidelines on carbon credits,” S Santhana Krishnan, chairman, Accounting Standards Board, ICAI, told. Krishnan said that the guidelines will be made […]

Government may hike Home Loan interest Payment exemption to Rs 2.5 lakh

June 16, 2009 3617 Views 0 comment Print

The government is considering a proposal to hike income-tax exemption Make these charges part of your budget available for interest payment on home loans to Rs 2.5 lakh a year, to boost demand and rebuild the slowdown-hit housing industry.The ministry of housing and urban development has urged finance minister Pranab Mukherjee to make an announcement to […]

Income Tax deprtment released software utility for E-Filing of ITR-5 and ITR-6

June 16, 2009 1607 Views 0 comment Print

Income Tax Department released on yesterday 15/06/2009 software utility for E-Filing of Income tax Return for Partnership firms i.e. ITR-5 and Income Tax Return for E-Filing of Companies i.e. ITR-6. Department already released ITR-1, ITR-2, ITR-3 and ITR-4. We can access the same at given below link:-

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