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Notifications/Circulars

Withdrawal of DEPB benefit on export of Skimmed Milk Product (SMP), Casein and any other Milk Product.

January 24, 2011 412 Views 0 comment Print

Export of Skimmed Milk Product (SMP), Casein and any other Milk Product shall not be entitled for DEPB benefit either under Specific rate of DEPB in any of the product group or under Sl. No. 22C and 22D of the Miscellaneous Product Group, with respect to shipments made on or after 25.1.2011.

Notification No. 6/2011-Income Tax Dated 24/01/2011

January 24, 2011 538 Views 0 comment Print

It is hereby notified for. general information that the organization Arogyadham Global Aids Research Foundation, Muzaffarnagar 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 with Rules 5C and 5E of the income-tax Rules, 1962 said Rules), from Assessment Year 20111-12 and onwards in the category of ‘Other Institution’, partly engaged in research activities

Section 90 of the Income-tax Act, 1961 – Double Taxation Agreement – Agreement for Exchange of Information with respect to taxes with Bermuda

January 24, 2011 1116 Views 0 comment Print

Notification No. 5/2011 – Income Tax WHEREAS, an Agreement between the Government of the Republic of India and Bermuda as authorised by the Government of the United Kingdom of Great Britain and Northern Ireland for the Exchange of Information with respect to taxes was signed at New Delhi on the 7th day of October, 2010

IPO guidelines for life insurers to be ready this fiscal – Irda

January 22, 2011 544 Views 0 comment Print

Insurance watchdog Irda today said the guidelines for public float of life insurance companies will be ready this fiscal, while the non-life may take more time. “Initial Public Offering (IPO) guidelines for life insurance companies will be out soon.

Section 144C of the Income-tax Act, 1961 – Reference to Dispute Resolution Panel (DRP) – Constitution of new DRP for specified places

January 22, 2011 843 Views 0 comment Print

In exercise of powers conferred under section 144C of the Income-tax Act, 1961, and in supersession of Order No. 1/FT&TR-II/2010, dated 10-2-2010, Order No. 2/FT&TR-II/2010, dated 17-2-2010 and Order No. 4/FT&TR-II/2010, dated 26-8-2010, the Board hereby constitutes the Dispute Resolution Panel (DRP) comprising of three Comissioners of Income-tax/Directors of Income-tax as Members of DRP

Section 4 of the Special Economic Zones Act, 2005 – Omnibus Industrial Development Corporation of Daman and Diu and Dadra and Nagar Haveli Ltd.

January 22, 2011 639 Views 0 comment Print

Whereas M/s. Omnibus Industrial Development Corporation of Daman and Diu and Dadra and Nagar Haveli Limited, had proposed under section 3 of the Special Economic Zones Act, 2005 (28 of 2005), (hereinafter referred to as the said Act) to set up a sector specific Special Economic Zone for information technology and information technology enabled services at Kharadpada, Naroli in the Union Territory of Dadra and Nagar Haveli;

Section 4 of the Special Economic Zones Act, 2005 – G.P. Realtors Pvt. Ltd

January 22, 2011 741 Views 0 comment Print

NOTIFICATION NO. S.O.3043(E), DATED 24-12-2010- the Central Government is satisfied that requirements under sub-section (8) of section 3 of the said Act, and other related requirements are fulfilled and it has granted letter of approval under sub-section (10) of section 3 of the said Act for development operation and maintenance of the sector specific Special Economic Zone for at District – Gurgaon in the State of Haryana on 26th July, 2007 and 27th February, 2009;

Section 4 of the Special Economic Zones Act, 2005 – G.P. Realtors Pvt. Ltd.

January 22, 2011 1937 Views 0 comment Print

NOTIFICATION NO. S.O.3043(E), DATED 24-12-2010- Central Government is satisfied that requirements under sub-section (8) of section 3 of the said Act, and other related requirements are fulfilled and it has granted letter of approval under sub-section (10) of section 3 of the said Act for development operation and maintenance of the sector specific Special Economic Zone for at District – Gurgaon in the State of Haryana on 26th July, 2007 and 27th February, 2009;

SEBI – Discussion Paper on outsourcing of activities related to Intermediation Services

January 21, 2011 864 Views 0 comment Print

PRESS RELEASE NO. 17/2011, DATED 19-1-2011 SEBI has prepared a discussion paper on outsourcing of activities related to the intermediation services. The paper proposes certain principles for outsourcing, and indicates activities presently being outsourced by the intermediaries along with the suggested list of activities which should not be outsourced by them. The discussion paper is […]

Seizure of unaccounted cash during search and seizure actions

January 20, 2011 669 Views 0 comment Print

In search & seizure actions conducted by the Income Tax department on 18th & 19 th January 2011, unaccounted cash amounting to Rs 44.20 crore was seized. This is the largest ever cash haul by the Income Tax department.

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