"December, 2012" Archive

Assessment of preceding years in search cases during election period

Circular No. 10/2012-Income Tax (31/12/2012)

Circular No. 10/2012-Income Tax As per provisions contained in section 153A and 153C of the Income Tax Act, 1961, the Assessing Officer is required to issue notice for assessing or reassessing the total income for six assessment years immediately preceding the assessment year relevant to the previous year in which search is conducted or ...

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Public Notice No. 42 (RE-2012)/2009-14, Dated: 31.12.2012

Public Notice No. 42 (RE-2012)/2009-14 (31/12/2012)

In exercise of powers conferred under paragraph 2.4 of the Foreign Trade Policy 2009-2014, the Director General of Foreign Trade hereby makes the following amendments in the Handbook of Procedures (Vol. I) (Appendices and Aayat Niryat Forms) 2009-2014....

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No TDS on specified Nature of payment to Scheduled Bank

Notification No. 56/2012-Income Tax (31/12/2012)

Income Tax Government hereby notifies that no deduction of tax under Chapter XVII of the said Act shall be made on the payments of the nature specified below, in case such payment is made by a person to a bank listed in the Second Schedule to the Reserve Bank of India Act, 1934 (2 of 1934), excluding a foreign bank, namely:-...

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Notification No. 68/2012-Customs, Dated- 31st December, 2012

Notification No. 68/2012-Customs (31/12/2012)

all goods, other than the goods specified in TABLE II, of the description specified in column (3) of the TABLE I here to annexed and falling under the Chapter, Heading, Sub-heading or Tariff item of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), and specified in the corresponding entry in column (2) of the said TABLE...

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Redefinition of Business Affairs through Limited Liability Partnership Route

Limited Liability Partnership (LLP) is a corporate business vehicle, identifiable by entity’s name containing 'Limited Liability Partnership' or 'LLP' as suffix, a new business structure in Indian Corporate, that enables professional expertise and entrepreneurial initiative to combine, organize and operate in innovative, flexible and ef...

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Posted Under: Income Tax |

Amendment in Concessional Duty rate of Goods imported into India from Malaysia

Notification No. 67/2012-Customs (31/12/2012)

In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further ...

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Amendment in Concessional Duty rate of Goods imported into India from Korea

Notification No. 66/2012-Customs (31/12/2012)

In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in ...

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Amendment in Duty rate of Goods imported into India from Japan

Notification No. 65/2012-Customs (31/12/2012)

In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further ...

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Revised list of Items for Custom Duty Concession when imported from ASEAN Countries

Notification No. 64/2012-Customs (31/12/2012)

In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further ...

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Duty Exemption to Crude Petroleum oils & oils obtained from bituminous minerals when imported from Brunei Darussalam

Notification No. 63/2012-Customs (31/12/2012)

Notification No. 63/2012-Customs Govt hereby exempts Crude Petroleum oils and oils obtained from bituminous minerals falling under the tariff item 2709 00 00 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), when imported into India from Brunei Darussalam, from whole of the duty of customs leviable thereon under the F...

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