"September, 2009" Archive - Page 34

Notification No. 64/2009 – Income Tax Dated 1/9/2009

Notification No. 64/2009 - Income Tax (01/09/2009)

Notification No. 64/2009 - Income Tax It is hereby notified for general information that the organization P.S.G. & Sons Charities for the unit P.S.G. College of Technology, Coimbatore, 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 w...

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ITAT cannot remand to apply section 14A if AO in his Assessment order not made disallowance u/s 14A

Topstar Mercantile Pvt. Ltd. Vs The Asst. Commissioner of Income Tax (Bombay High Court)

In assessment proceedings, the AO raised a query about disallowance of expenditure attributable to exempted dividend income u/s 14A. After considering the assessee’s reply, no disallowance was made u/s 14A, though interest expenditure was disallowed on the ground that it was not for business purposes. This was confirmed by the CIT (A). ...

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Amendment in the notification No. 1/2006- Service Tax, dated the 1st March, 2006 – Transport of goods in containers by rail

Notification No. 34/2009-Service Tax (01/09/2009)

Notification No. 34/2009-Service Tax In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendment in the notification of the Government of India in the...

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RBI circular on Payment of interest on Savings Bank Account on a Daily Product Basis – UCBs

RBI/2009-10/140 UBD (PCB) BPD Cir No. 7/13.01.000/2009-10 (01/09/2009)

On a review, it has been decided that interest on balances in savings bank accounts would be calculated on a daily product basis with effect from April 1, 2010. UCBs may ensure that they have the requisite infrastructure in place to effect a smooth transition to the revised procedure....

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Notification on Exempt Services in relation to transport of goods by rail

Notification No. 33/2009 - Service Tax (01/09/2009)

Notification No. 33/2009 - Service Tax Central Government hereby exempts the taxable service provided to any person in relation to transport of goods by rail, as referred to in sub-clause (zzzp) of clause (105) of section 65 of the Finance Act, from the whole of the service tax leviable thereon under section 66 of the Finance Act, provid...

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Exempt Services in relation to manufacture of pharmaceutical products, medicines, perfumery, cosmetics or toilet preparations containing alcohol

Notification No. 32/2009-Service Tax (01/09/2009)

Notification No. 32/2009-Service Tax Government exempts taxable service in relation to the manufacture of pharmaceutical products, medicines, perfumery, cosmetics or toilet preparations containing alcohol, which are charged to excise duty under Medicinal and Toilet Preparations (Excise Duties) Act, 1955 from the whole of the service tax...

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Notification on Exempt Services in relation to sale or purchase of securities listed on a registered stock exchange by a sub-broker

Notification No. 31/2009-Service Tax (01/09/2009)

Notification No. 31/2009-Service Tax Central Government exempts the taxable service in relation to sale or purchase of securities listed on a registered stock exchange from the whole of the service tax leviable thereon under section 66 of the said Finance Act....

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