Export-Import Cargo-simplified Procedure at ACCs

Circular No. 89/98- Customs (03/12/1998)

In order to examine the procedures involved in clearance of export and import cargo at the Air Cargo Complexes, the 16th Meeting of Export promotion Board was held at International Cargo Terminal, IGI Airport, New Delhi on 23rd October, 1998. It was presided over by the Cabinet Secretary. The Export Promotion Board visited the cargo hand...

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Income tax and enforcement directorate discussed if IPL deals are as per FEMA guidelines?

Was there a secret meeting between officials of the income tax (I-T) and enforcement directorate (ED)? It is learnt that the tax sleuths met in Mumbai recently to discuss if certain deals of the Indian Premier League (IPL) are in accordance with the Reserve Bank of India guidelines....

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Posted Under: Income Tax |

Analysis of MCA’s Clarifications on IFRS roadmap in India

The Core Group constituted by MCA for convergence of Indian Accounting Standards with the International Financial Reporting Standards (IFRS) had announced the approach and timelines for achieving convergence with IFRS on 22 January 2010 and a separate approach on 31 March 2010 for the convergence of Indian Accounting Standards by the Bank...

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Posted Under: Finance |

Notification No. S.O.2493 – Income Tax Dated 23/4/1985

Notification No. S.O.2493 - Income Tax (23/04/1985)

Notification No- S.O.2493 - Income Tax It is hereby notified for general information that the institution mentioned below has been approved by the Department of Science and Technology, New Delhi, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 (Thirty-five/one/two) of the Income-tax Act, 1961, re...

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Import of Capital Goods for production/transmission of energy(power) will no longer be available

Notification No. 07(RE-2013)/ 2009-2014 (18/04/2013)

5.1(g) Authorization under EPCG Scheme shall not be issued for import of any Capital Goods (including Captive plants and Power Generator Sets of any kind) for i. Export of electrical energy (power) ii.Supply of electrical energy (power) under deemed exports iii.Use of power (energy) in their own unit, and...

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Notification No.96/2005 – Income Tax Dated 23/3/2005

Notification No.96/2005 - Income Tax (23/03/2005)

Notification No.96/2005 - Income Tax Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.206(E) dated the 17th March, 1997, issued under sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had ...

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Notification No. S.O.2809 – Income Tax Dated 13/5/1985

Notification No. S.O.2809 - Income Tax (13/05/1985)

Notification No- S.O.2809 - Income Tax It is hereby notified for general information that the institution mentioned below has been approved by the Department of Science and Technology, New Delhi, the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 (Thirty-five/one/two) of the Income-tax Act, 1961, re...

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Notification No. S.O.1333-Income Tax Dated 3/3/1984

Notification No. S.O.1333-Income Tax (03/03/1984)

Notification No. S.O.1333-Income Tax It is hereby notified for general information that in Ministry of Finance (Department of Revenue) Notification No. 5356 (F. No. 203/136/83-ITA. II), dated 10-8-1983 ; This notification contains Corrigendum to Income-tax Act carried out on 3rd March, 1984 not reproduced here as it is already contained i...

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Notification: S.O.1572 Date of Issue: 17/2/1976

Notification: S.O.1572 (17/02/1976)

Notification: S.O.1572 It is hereby notified for general information that the institution mentioned below has been approved by the Indian Council of Social Science Research, New Delhi, the prescribed authority for the purposes of clause (iii) of sub-section (1) of section 35 of the Income-tax Act, 1961, subject to th...

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CBI registers PE to probe role of banks in 2G scam

The CBI has registered a preliminary enquiry (PE) to probe the role of certain public sector banks, including the State Bank of India, for providing loans to certain companies who were allocated the 2G Spectrum in 2007-08 including Uninor and STel....

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Posted Under: Finance |