"10 October 2011" Archive

Notification No. 55/2011 – Income Tax Dated 10/10/2011

Notification No. 55/2011 - Income Tax 10/10/2011

Notification No. 55/2011 - Income Tax [F.NO. 203/4/2011/ITA-II] - It is hereby notified for general information that the organization Indian Institute of Technology Rajasthan, Jodhpur has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (said Act), read wi...

Read More

SEBI : (Employees’ Service) (Amendment) Regulations, 2011

Notification No. LAD-NIW/GN/201 I -12/26/31671 10/10/2011

In exercise of the poweis conferred by Settion 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following Regulations to further amend the Securities and Exchange Board of India (Employees' Service) Regulations, 2001...

Read More

Experts concerned over proposal to allow reopening of tax cases of 16 years

Concerned over the CBDT panel's proposal to allow reopening of tax filings of the past 16 years, experts and lawyers said it would only result in harassment of assessees without yielding any substantial gains to the exchequer....

Read More
Posted Under: Income Tax |

Tax benefit on Premiums paid for Life insurance, Pension plans, medical insurance and taxability of sum received under life insurance policy

Premiums paid for Life insurance – Deduction under Section 80C Category of assesses allowed deduction: Individual assessee and Hindu Undivided Family assessee. Eligible Savings: Premiums paid or deposited by assessee to effect or to keep in force insurance on the life of following persons: In case of individual assessee – Himself/...

Read More
Posted Under: Income Tax | ,

Liberalised Remittance Scheme for Resident Individuals-Revised Application cum Declaration form

RBI/2011-12 A.P. (DIR Series) Circular No. 32 10/10/2011

In terms of the A. P. (DIR Series) Circular Nos. 17 and 18 dated September 16, 2011, a resident individual has been permitted to make a gift / loan in rupees to a Non-Resident Indian /Person of Indian Origin close relative (s), subject to certain terms and conditions. One of the conditions is that the gift / loan amount should be within t...

Read More

Format of Decleration to be taken from Donee by Trusts for donation received towards Corpus Fund

As we all know anonymous donations received by a trust are taxable, so every charitable trust has to keep the records of donation received which includes keeping the name, address and PAN of donee. If donations are received towards corpus than trust should obtain from donee an instruction mentioning his intention to treat the donation giv...

Read More
Posted Under: Income Tax |

RBI can not discontinue service of auditor on the complain of bank without fair and proper enquiry – Delhi HC

Gupta & Gupta Chartered Accountants & Anr. Vs Reserve Bank Of India & Ors. (Delhi High Court)

Gupta & Gupta Chartered Accountants & Anr. Vs Reserve Bank Of India & Ors. (Delhi High Court)- The Delhi High Court has held as illegal the decision of RBI to discontinue the services of a Statutory Central Auditor (SCA) of Punjab National Bank (PNB) without fair and proper enquiry into the allegations against the firm....

Read More

Search Posts by Date

July 2021
M T W T F S S
 1234
567891011
12131415161718
19202122232425
262728293031