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Archive: 22 January 2011

Posts in 22 January 2011

No quick fix solution to bring back black money – PM

January 22, 2011 561 Views 0 comment Print

Prime Minister Manmohan Singh said there is ‘no instant solution’ to bring back black money stashed in foreign banks and that information with government cannot be made public due to treaty obligations. ‘There is no instant solution to bring back what is called black money. We have got some information and that has been provided to us for use in the collection of due taxes’, he said.

Vodafone tax dispute will be settled amicably- British government

January 22, 2011 252 Views 0 comment Print

The British government is hopeful that the three-year old dispute of Vodafone’s joint venture in India involving a tax claim of over Rs.11,000 crore ($2.5 billion) will be settled amicably, a British official said Wednesday. ‘Vodafone is one of th

Section 144C of the Income-tax Act, 1961 – Reference to Dispute Resolution Panel (DRP) – Constitution of new DRP for specified places

January 22, 2011 579 Views 0 comment Print

In exercise of powers conferred under section 144C of the Income-tax Act, 1961, and in supersession of Order No. 1/FT&TR-II/2010, dated 10-2-2010, Order No. 2/FT&TR-II/2010, dated 17-2-2010 and Order No. 4/FT&TR-II/2010, dated 26-8-2010, the Board hereby constitutes the Dispute Resolution Panel (DRP) comprising of three Comissioners of Income-tax/Directors of Income-tax as Members of DRP

Section 4 of the Special Economic Zones Act, 2005 – Omnibus Industrial Development Corporation of Daman and Diu and Dadra and Nagar Haveli Ltd.

January 22, 2011 444 Views 0 comment Print

Whereas M/s. Omnibus Industrial Development Corporation of Daman and Diu and Dadra and Nagar Haveli Limited, had proposed under section 3 of the Special Economic Zones Act, 2005 (28 of 2005), (hereinafter referred to as the said Act) to set up a sector specific Special Economic Zone for information technology and information technology enabled services at Kharadpada, Naroli in the Union Territory of Dadra and Nagar Haveli;

Section 4 of the Special Economic Zones Act, 2005 – G.P. Realtors Pvt. Ltd

January 22, 2011 378 Views 0 comment Print

NOTIFICATION NO. S.O.3043(E), DATED 24-12-2010- the Central Government is satisfied that requirements under sub-section (8) of section 3 of the said Act, and other related requirements are fulfilled and it has granted letter of approval under sub-section (10) of section 3 of the said Act for development operation and maintenance of the sector specific Special Economic Zone for at District – Gurgaon in the State of Haryana on 26th July, 2007 and 27th February, 2009;

Section 4 of the Special Economic Zones Act, 2005 – G.P. Realtors Pvt. Ltd.

January 22, 2011 1532 Views 0 comment Print

NOTIFICATION NO. S.O.3043(E), DATED 24-12-2010- Central Government is satisfied that requirements under sub-section (8) of section 3 of the said Act, and other related requirements are fulfilled and it has granted letter of approval under sub-section (10) of section 3 of the said Act for development operation and maintenance of the sector specific Special Economic Zone for at District – Gurgaon in the State of Haryana on 26th July, 2007 and 27th February, 2009;

Haryana to exempt SEZ developers from local taxes

January 22, 2011 1330 Views 0 comment Print

In a big relief for the Special Economic Zone (SEZ) developers in the state, the Haryana government today said it would exempt them from local taxes and cess, as given to SEZ units. “We will extend exemption (from taxes, duty) to SEZ developers als

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