"July, 2009" Archive

Notification No. 59/2009 – Income Tax Dated 31/7/2009

Notification No. 59/2009 - Income Tax (31/07/2009)

Notification No. 59/2009 - Income Tax It is hereby notified for general information that the organization The Eye Research Foundation, Chennai, has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (said Act), read with Rules 5C and 5E of the Income-tax Rul...

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Amends Notification No. 21/2002-Customs Duty, dated 1st March, 2002

Notification No. 84/2009-Custom (31/07/2009)

In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of ...

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Amends Notification No. 36/2001-Custom Duty (N. T.), dated, 3rd August 2001

Notification No. 103/2009-Customs (N. T.) (31/07/2009)

The Principal notification was published in the Gazette of India, Extraordinary, vide Notification No. 36/2001 - Customs (N.T.), dated, the 3rd August, 2001 (S. O. 748 (E), dated, the 3rd August, 2001) and was last amended vide Notification No. 91/2009-Customs (N.T.), dated, the 15th July, 2009 (S. O. 1748 (E) dated 15th July, 2009)....

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Circular on Amendment to Chapter VIA of the SEBI (Disclosure and Investor Protection) Guidelines, 2000

Circualr No. SEBI/CFD/DIL/ DIP/37/2009/ 31/07 (31/07/2009)

We confirm that all the material disclosures in respect of the Issuing Company have been made in the red herring prospectus / prospectus and certify that any material development in the Issuing Company or relating to the issue, up to the commencement of listing and trading of the IDRs offered through this issue, shall be informed through ...

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Circular on Additional Information required for registration / renewal of registration as Portfolio Managers

Circular No. IMD/DOF I/PMS/Cir-5/ 2009, (31/07/2009)

I/We hereby apply for REGISTRATION. I/We warrant that I/We have truthfully and fully answered the questions above and provided all the information which might reasonably be considered relevant for the purposes of my/our registration....

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Circular on Procedure for submission of updations in the offer documents filed with SEBI

Circular No. CFD/MB/IS/4/ 2009/31/07, (31/07/2009)

Securities and Exchange Board of India (hereinafter referred to as “the Board”), vide circular dated February 24, 2009, enhanced the validity of its observation letter issued for public and rights issues to twelve months from three months. The said circular inter-alia stated that before opening of the issue, every issuer shall file an...

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Builders need to pass on Housing tax benefit to home buyers otherwise benefit may not be extended in future

Having given tax holiday to builders, Finance Minister Pranab Mukherjee today warned that if the incentives are not passed on to the consumers the same may not be extended in future. I expect the developers to pass on the benefit of the tax holiday to the home buyers. It should reflect in the prices. Unfortunately it happens in our countr...

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Posted Under: Income Tax |

MRTP Commission getting more complains then CCI

Even after three months of the Competition Commission of India (CCI) coming into force, its predecessor, the Monopolies and Restrictive Trade Practices Commission (MRTPC) is continuing to accept fresh cases on a daily basis.  Complainants are continuing to show a preference for MRTPC to the CCI, which is a costlier option for the commo...

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Posted Under: Income Tax |

ICWAI – Equate Cost Accountants with Chartered Accountants

All manufacturing companies with a paid-up capital of Rs 50 crore or more will be required to conduct a statutory cost audit, which would bring about 25,000 firms under the ambit of cost audit. At present, only 44 industries and specific products within an industry come under cost audit. The proposed change will have a major positive impa...

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Posted Under: Income Tax |

Agreement for Avoidance of Double Taxation with the Government of the Republic of Tajikistan

India and Tajikistan have written the new chapter of their relations when both nations have inked on the Double Taxation Avoidance Agreement (DTAA). With an aim of bolstering the flow of technology, investment and services both India and Tajikistan have signed the DTAA....

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Posted Under: Income Tax |
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