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Archive: 17 May 2010

Posts in 17 May 2010

NC Notification No. 36/2010-Income Tax Dated 17/5/2010

May 17, 2010 421 Views 0 comment Print

NC Notification No. 36/2010-Income Tax And whereas the National Committee for Promotion of Social and Economic Welfare, being satisfied that the said project or scheme is being executed properly, made a further recommendation under sub-rule (5) of rule 11M of the Income-tax Rules, 1962 for speci­fying the said project or scheme for a further period of three years and enhancing the project cost from Rs. 2.96 crore to Rs. 3.91 crore;

NC Notification No. 35/2010-Income Tax Dated 17/5/2010

May 17, 2010 334 Views 0 comment Print

NC Notification No. 35/2010-Income Tax WHEREAS by notification of the Government of India in the Ministry of Finance (Department of Revenue), number S.O. 1501(E), dated 7th September, 2007, issued under sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had specified at serial number 10, for Educational, Vocational, Medical, Social

NC Notification No. 34/2010-Income Tax Dated 17/5/2010

May 17, 2010 442 Views 0 comment Print

NC Notification No. 34/2010-Income Tax Central Government had specified at serial number 2, for Digging of tube-wells for providing potable drinking water, repairing of schools, promotion/improvement of agricultural activities and providing medical facilities in various villages in Keonjhar District of Orissa by Tata Sponge Iron Limited, P.O. Joda, Distt. Keonjhar, Orissa, as an eligible project or scheme for a period of three years beginning with assessment year 1999-2000

NC Notification No. 33/2010-Income Tax Dated 17/5/2010

May 17, 2010 208 Views 0 comment Print

NC Notification No. 33/2010-Income Tax“Construction, furnishing, equipments and running of hospital at Crozaria, District Mehsana, Gujarat” by Smt. Sama­rathben Chunilal and Sheth Dosabhai Madhavji Sarvajanik Trust, Crozaria, District Mehsana, Taluk – Vijapur, Gujarat, as an eligible project or scheme for a period of three years beginning with assessment year 1997-98, which was extended further vide notification number S.O. 101(E), dated the 11th February, 1999 for a period of three years beginning with assessment year 2000-01

ICAI requests six month deferment of new rules related to Publication of Annual Accounts by listed companies

May 17, 2010 192 Views 0 comment Print

Accounting regulator ICAI has requested the Securities and Exchange Board of India to defer by at least six months implementation of its decision with regard to publishing of quarterly results by listed companies.

Preview on Insolvency and Bankruptcy with reference to individuals and corporates

May 17, 2010 6556 Views 0 comment Print

The terms insolvency and bankruptcy are used with reference to the financial position of a person. They are often considered to mean the same. Actually, the terms mean differently. Individuals and corporates are both amenable to insolvency and bankruptcy.

NC Notification No. 32/2010-Income Tax Dated 17/5/2010

May 17, 2010 256 Views 0 comment Print

NC Notification No. 32/2010-Income Tax WHEREAS by notification of the Government of India in the Ministry of Finance (Department of Revenue), number S.O. 466(E), dated 29th March, 2007, issued under sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had specified at serial number 30, for infrastructure development for school

NC Notification No. 31/2010-Income Tax Dated 17/5/2010

May 17, 2010 289 Views 0 comment Print

NC Notification No. 31/2010-Income Tax WHEREAS by notification of the Government of India in the Ministry of Finance (Department of Revenue), number S.O. 1045(E), dated the 18th October, 2001, issued under sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had specified at serial number 1, for construction of building

NC Notification No. 30/2010-Income Tax Dated 17/5/2010

May 17, 2010 274 Views 0 comment Print

NC Notification No. 30/2010-Income Tax WHEREAS by notification of the Government of India in the Ministry of Finance (Department of Revenue), number S.O. 1501(E), dated 7th September, 2007, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 12, “Gift of Vision, Bangalore” by Sri Kanchi Kamakoti Medical Trust

NC Notification No. 29/2010-Income Tax Dated 17/5/2010

May 17, 2010 280 Views 0 comment Print

NC Notification No. 29/2010-Income Tax WHEREAS by notification of the Government of India in the Ministry of Finance (Department of Revenue), number S.O. 1794(E), dated 23rd October, 2007, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 17, “1. Running of Apli Shala. 2. Running of Educational Outreach. 3.

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