Notification No. 50/2011 – Income Tax [F.NO. 178/43/2011-SO(ITA.1)], DATED 9-9-2011 – In exercise of the powers conferred by section 80CCF of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies bonds, subject to the following conditions, as long-term infrastructure bonds for the purposes of the said section, namely:-
Comments Invited By 19th September, 2011 from chambers of the industries, corporates, law firms, members of civil society or other stakeholders on the draft National Competition Policy version – II to the Ministry. Comments can be sent by mail at dircs@mca.gov.in.
Hon’ble Chief Justice of the High Court in his judgement has pronounced that the notification issued by the Centre exempting CBI from RTI U/s 24 is valid on the grounds of national security and intelligence. The Court saw no justification for interfering in the matter.
Circular No.40 / 2011 – Customs , – whenever any importer or exporter intimates to the proper officer in writing that he desires to pay voluntarily certain amount of duty of customs, at any time before finalization of the provisional assessment, the following may be drawn to his attention,
In terms of the existing guidelines, an audit firm can take up statutory central audit of one PSB, four private sector banks and four foreign banks simultaneously each year.
Application for allotment of a permanent account number. 114. (1) An application under sub-section (1) [or sub-section (1A) or sub-section (2) or sub-section (3)] of section 139A for allotment of a permanent account number shall be made in Form No. 49A. (2) An application referred to in sub-rule (1) shall be made,—
The Employees’ Provident Funds & Miscellaneous Provisions Act, 1952 is applicable to all employees working in such establishments which are employing 20 or more workers and is falling under any of the Schedule Heads or class of establishments notified by the Central Government and getting wages up to Rs. 6500/- per month without any reference of being skilled or unskilled. The Act is uniformly applicable all over India except in the State of Jammu & Kashmir.
The Department of Economic Affairs, Ministry of Finance is coming out with the Seventeenth Issue of the Annual Publication entitled ‘India’s External Debt: A Status Report 2010-11’ that presents a detailed analysis of India’s external debt position at end-March 2011 based on the data released on June 30, 2011 by the Reserve Bank of India(RBI).
India’s exports have registered a growth of 44.2% during August 2011, at US $ 24.3 billion. Interacting with the media persons here today, Shri Rahul Khullar, Commerce Secretary, informed that during the period April-August 2011, exports have reached a level of US $ 134.5 billion,
The export of all varieties of onions is prohibited with immediate effect till further orders. But, transitional arrangements under para 1.5 of Foreign Trade Policy shall be allowed.
