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Notification No. 136/2008-Customs Duty (N.T.), dated 19-12-2008

December 19, 2008 571 Views 0 comment Print

for the purpose of adjudicating the matters relating to Show Cause Notice pertaining to M/s P. N. Shah Adhesives, No. 78, Magadi Main Road, Bangalore and another, issued vide, DRI F.No. S/IV/08/06 (Tut. SCN), dated the 24th November, 2006 by the Additional Director General, Directorate of Revenue Intelligence, Bangalore Zonal Unit, Bangalore.

Notification No. 135/2008-Customs Duty (N.T.), dated 19-12-2008

December 19, 2008 304 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby appoints the Commissioner of Customs (Sea Port-Import), Customs House, Chennai to act as a common adjudicating authority to exercise the powers and discharge the duties conferred or imposed on.

Notification No. 134/2008-Customs Duty (N.T.), dated 19-12-2008

December 19, 2008 307 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby appoints the Commissioner of Customs (Export Promotion), Jawaharlal Nehru Custom House, Nhava Sheva, Uran, Raigad, Maharashtra, to act as a common adjudicating authority to exercise the powers and discharge the duties conferred or imposed on the Commissioner of Customs.

Notification No. 133/2008-Customs Duty (N.T.), dated 19-12-2008

December 19, 2008 565 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby appoints the Commissioner of Customs.

Amends notification No. 15/2008- Customs Duty (N.T.), dated, 5th March 2008

December 19, 2008 403 Views 0 comment Print

In the said notification, after the words Commissioner of Customs, Air Cargo Complex, Sahar, Mumbai, the words and brackets “and the Commissioner of Customs (Import), Jawaharlal Nehru Custom House, Nhava Sheva, Raigad, Maharashtra” shall be inserted.

Income Tax – Circular on Charitable purpose’ under section 2(15)

December 19, 2008 5377 Views 0 comment Print

Circular No. 11/2008-Income Tax Definition of ‘Charitable purpose’ under section 2(15) of the Income tax Act, 1961 – reg.Section 2(15) of the Income Tax Act, 1961 (‘Act’) defines “charitable purpose” to include the following:- (i) Relief of the poor (ii) Education (iii) Medical relief, and (iv) the advancement of any other object of general public utility.

Acquisition of Immoveable Property in India – F.A.Q

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Under the general permission available, the following categories can freely purchase immovable property in India: i) Non-Resident Indian (NRI)- that is a citizen of India resident outside India ii) Person of Indian Origin (PIO)- that is an individual (not being a citizen of Pakistan or Bangladesh or Sri Lanka or Afghanistan or China or Iran or Nepal or Bhutan), who

Income-Tax (Eleventh Amendment) Rules, 2008 – Insertion of Rule 5F And Form No. 3CF-111

December 19, 2008 1168 Views 0 comment Print

NOTIFICATION NO. 107/2008, DATED 11-12-2008 An application for approval under clause (iia) of sub-section (1) of section 35 by a company shall be made in duplicate in Form No. 3CF-III, to the Commissioner of Income-tax having jurisdiction over the applicant, at any time during the financial year immediately preceding the assessment year from which the approval is sought.

ICAI to Help Indian Railways to Upgrade Accounting Practices

December 19, 2008 483 Views 0 comment Print

Apex chartered accountant institute ICAI will help the 155-year-old Indian Railways upgrade its accounting practices. “We will help the Railways upgrade its accounting system and make it look like a corporate account, fully based on accrual accounting system,” Institute of Chartered Accountants (ICAI) President Ved Jain told PTI.

Over 8000 Income Tax Officials Given Brand New Laptops

December 19, 2008 588 Views 0 comment Print

More than 8,000 officers of the Income Tax department across the country have become tech-savvy as the government has provided them with brand new laptops under an incentive scheme. The laptops have the advanced Windows Vista Business operating system with an encrypting file feature, a password protected shared documents folder, a two GB Random Access Memory (RAM), four USB drives and an extended battery backup system.

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