Circular No. 11/2001-Income Tax The Finance Act, 2001 has inserted section 14A in the Income-tax Act, 1961 wherein it was specifically provided that no deduction shall be allowed in respect of expenditure incurred by the assessee in relation to income which does not form part of total income under the Act. The amendment takes effect from 1-4-1962
I am directed to invite your kind attention to Board”s Circular No. 35/2001-Cus, dated 15-6-2001 on the above subject, wherein, it has been stated, inter alia, that Joint review of the export performance of EOUs/ EPZ/SEZ units will help resolve the problems/ difficulties being faced by the units and at the same time,
DGFT clarifies exemptions on importing textiles exclusively for export production, detailing duty-free provisions under specific policy regulations.
Circular No. 10/2001-Income Tax Vide Notification S.O. No. 410(E), dated 10-5-2001, the One-by-six scheme has been extended to all urban areas in the country, the term “urban area” being defined by the 1991 Census of India. As per this notification urban areas will include ‘Towns and Urban Agglomerations 1991’ as listed in Table A-4 of the Second Part of Part II-A of Series-I of the Census of India, 1991. The said notification is
You are now advised not to send us the hard/ soft copies (floppy/email) of the MSTATs. However, the Monthly Cumulative Reports (MCRs) must reach us by the 3rd of each month as advised in our aforesaid circular of July 31, 2000.
The Stock Exchange shall maintain the details of the clients of the members in confidence and that it shall not disclose to any person / entity such details of the client as mentioned in the client registration form or any other information pertaining to the client except as required under the law or by any authority.
advised that the stipulations as prescribed in the above press releases are complied with and volatility margins on net outstanding sale position are paid at the end of day to the brokers by Foreign Institutional Investors.
All Chambers of Commerce are requested to bring this to the notice of their constituent companies.
The bond shall be discharged and security/bank guarantee released when the actual end use certificate from the Assistant/Deputy Commissioner of Central Excise having the jurisdiction over the factories of soap manufacturers (or other industrial applications for which the vegetable oil is claimed to have been used),
Circular No. 9/2001-Income Tax The Board had earlier issued Circular No. 730 regarding treatment of tax paid under section 172(3) by a non-resident engaged in the shipping business. Under the provisions of section 172, every time a ship belonging to or chartered by a non-resident makes a voyage from a port in India
