Inflation of china and the asset bubbles in every corner of china is now a matter of concern for the world economy. They are afraid that if the bubble goes for burst out then the nights of recession will be longer. Economist and every financial equity market analyst have raised many reasons to justify and bring forth the danger of Chinese economic recover. China very recently posted its inflation number which rose to 2.7% year on year in February according to the National Bureau of Statistics (NBS). Food prices rose 6.2% last month year on year, with non-food prices rising 1% from a year earlier.
Central Board of Excise and Customs (CBEC), Department of Revenue has issued Notification No.20/2010-Customs (N.T.) dated March 15, 2010 notifying tariff values of edible oils, brass scrap (all grades) and Poppy seeds as shown in the table below.
The DC’s/UAC’s may allow Developer/approved Co-developers duty free goods and services for these default authorized operations from the date of notification of the SEZ. These authorized operations will, however, continue to be subject to the various guidelines issued by Government from time to time. Approval Committees while approving goods and services for such default operation may look into the actual requirement of the SEZs for such operations.
Attention of all TIN-Facilitation Centers (TIN-FCs) is hereby invited to the procedure prescribed for accepting PAN applications. As you are aware, the documents to be accepted as Proof of Identity (POI) and Proof of Address (POA) have been prescribed in the Rule 114(4) of Income Tax Rules, 1962.
The State Government, may from time to time issue notification and notify class or classes of the dealer who shall be required to make the said payment electronically. Further, State Government may specify the period from which electronic payment is to be made mandatory.
The format for the half yearly report on portfolio management activity has been revised as per enclosed Annexure. All portfolio managers are advised to submit the half yearly report to SEBI in the revised format within 30 days after the end of respective period ended 30/9 & 31/3 of each year.
. Regulation 25 (8) of SEBI (Mutual Funds) Regulations, 1996 mandates that the payment of brokerage or commission, if any, to the sponsor or any of its associates, employees or their relatives, has to be disclosed in the half–yearly annual accounts of the mutual fund.
1. Concentration of Deposits, Advances, Exposures and NPAs. 2. Sector-wise NPAs 3. Movement of NPAs 4. Overseas assets, NPAs and revenue 5. Off-balance sheet SPVs sponsored by banks
This is assesses’s appeal for the assessment year 2000-01 against the Id. CIT(A)’s order dated 27.1.2006 confirming the AO’s action in holding that the assessee had a business connection in India u/s 9 of the Income Tax Act and that M/s. BBC Worldwide (lndia)
The assessee has filed these appeals challenging the respective orders of Learned CIT (A)-VI Mumbai for the assessment years 2002-03 and 2003-04. As the issue as well as facts are identical hence both these appeals are disposed off by this common order.
