Notification No. 54/2010-Income Tax Whereas the Central Government in exercise of the powers conferred by clause (iii) of sub-section (4) of section 80-IA of the Income-tax Act, 1961 (43 of 1961), (hereinafter referred to as the said Act), has framed and notified a scheme for industrial park, vide notification of the Government of India in the Ministry of Finance (Department of Revenue, Central Board of Direct Taxes) number S.O. 51(E), dated the 8th January, 2008
It’s that time of the year again when all your income for the current financial year is in and you need to file your income tax returns. By now, you, the salaried lot, might have received your Form No 16 (salary income) and Form No 16A (tax deducted on other income). And, if you belong to the category of individuals involved in business and other professions, you too might have completed the adjustments and finalisation of yearly accounts.
Opportunity for Skilled Translators (Hindi) to translate all Converged Accounting Standards (ASs) in Hindi in the project of the Accounting Standards Board (ASB). The Institute of Chartered Accountants of India (ICAI), an apex premier Accounting professional body set up by an Act of Parliament, has set up the Accounting Standards Board (ASB) for formulating the Accounting Standards.
The employees of the Income-Tax Department will strike work on Thursday to stress the various demands including filling up vacancy and stop outsourcing at the Central Processing centre in Bangalore.The two major employees associations Income-Tax Gazetted Officers Association and Income-Tax Employees Federation will participate in the strike.
The issue regarding call auction and its use in various session, including pre-open session was deliberated in Secondary Market Advisory Committee (SMAC). Based on the recommendation of the committee and proposal received from the stock exchanges, it has been decided to introduce call auction mechanism in pre-open session.
In exercise of the powers conferred by sub-section (1) of section 41 of the Maharashtra Value Added Tax Act, 2002 (Mah. IX of 2005), the Government of Maharashtra hereby amends the Government Notification, Finance Department, No. VAT. 1509/CR-89/Taxation -l, dated the 5th November 2009, as follows,
a Cash settlement (settlement by payment of differences) for both stock options and stock futures; or b Physical settlement (settlement by delivery of underlying stock) for both stock options and stock futures; or c Cash settlement for stock options and physical settlement for stock futures; or d Physical settlement for stock options and cash settlement for stock futures.
Notification No. 66 / 2010 – Customs (N. T.) In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Board, being satisfied that it is necessary and expedient so to do, hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 36/2001-Cus (N. T.), dated, the 3rd August 2001,
Preparation of tea and preparation with the basis of tea are classifiable under the chapter heading 210120. Preparation of tea as well as preparation with a basis of tea is a product containing tea as one of the major component and has other added ingredients to it. Flavoured tea contains tea along with at least one flavouring agent and is a preparation of tea, though not classifiable under this chapter by virtue of Chapter Note 1(c) to the chapter 21. However all other preparations of tea not specifically excluded by virtue of any Section/Chapter Note will get classified in this chapter only.
There is no major cause for worry on the imposition of heavy penalties by the U.S. capital market regulator on the erstwhile Satyam Computers, Union Minister of State for Corporate Affairs Salman Khurshid said here on Tuesday. Replying to a query, Mr. Khurshid said he would not comment on this issue as there was no formal communication, but there were indications that “things were on track”.
