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Notifications/Circulars

Notification No. 224/2007 – Income Tax Dated 10/8/2007

August 10, 2007 844 Views 0 comment Print

Notification No. 224 – Income Tax ln exercise of the powers conferred by sub-sections (1) and (2) of section 120 of the Income-tax Act, 1961 (43 of 1961), and in suppression of the notification of the Government of India, Central Board of Direct Taxes vide S.O.882(E) dated 14.9.2001 and its subsequent modifications, and in partial suppression of the notification S.O.732(E) dated 3rd July, 2001, in so far as they relate to

Notification No. 223/2007 – Income Tax Dated 10/8/2007

August 10, 2007 604 Views 0 comment Print

Notification No. 223 – Income Tax In exercise of the powers conferred by section 120 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following further amendment to the Notification of the Government of India, Ministry of Finance, (Department of Revenue), Central Board of Direct Taxes, number S.O. 733(E) dated the 31st July, 2001, namely

SEBI : Guidelines for Overseas Investments by Venture Capital Funds

August 9, 2007 1123 Views 0 comment Print

Accordingly, SEBI registered VCFs, desirous of making investments in off­shore Venture Capital Undertakings may submit their proposal for investment (in the attached format) to SEBI for its prior approval. It is clarified that no separate permission from RBI is necessary in this regard.

Notification No. 222/2007, Dated: 09.08.2007

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The approved organization shall maintain a separate statement of donations received and amounts applied for scientific research and a copy of such statement duly certified by the auditor shall accompany the report of audit referred to above.

Notification No. 221/2007, Dated: 09.08.2007

August 9, 2007 478 Views 0 comment Print

The approved organization shall maintain a separate statement of donations received and amounts applied for scientific research and a copy of such statement duly certified by the auditor shall accompany the report of audit referred to above.

Notification No. 220/2007, Dated: 09.08.2007

August 9, 2007 427 Views 0 comment Print

The approved organization shall maintain a separate statement of donations received and amounts applied for scientific research and a copy of such statement duly certified by the auditor shall accompany the report of audit referred to above.

Notification No. 219/2007, Dated: 09.08.2007

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The approved organization shall maintain a separate statement of donations received and amounts applied for scientific research and a copy of such statement duly certified by the auditor shall accompany the report of audit referred to above.

Notification No. 218/2007, Dated: 09.08.2007

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The approved organization shall maintain a separate statement of donations received and amounts applied for research in social sciences and a copy of such statement duly certified by the auditor shall accompany the report of audit referred to above.

Post Office Monthly Income Scheme limits increased

August 9, 2007 2911 Views 0 comment Print

These rules may be called the Post Office (Monthly Income Accounts) Amendment) Rules, 2007. (2) They shall come into force on the date of their publication in the Official Gazette.2. 2. In the Post Office (Monthly Income Account) Rules, 1987,—(i) in rule 4, for the words “three lakh” and “six lakh”, the words “four lakh fifty thousand” and “nine lakh” respectively shall be substituted;

Public Notice No. 31 (RE:2007)/2004-2009, Dated: 08.08.2007

August 8, 2007 478 Views 0 comment Print

Import of “Saffron” as “Flavour” shall be allowed for 100 Gms against export of 100 Kgs of “Assorted Confectionery” subject to the condition that the quantity of “Saffron” is actually used in the export product is mentioned in the Shipping Bills, subject to upper limit of 1 Gm of Saffron against 1 Kg of export product. This shall be applicable on the exports made w.e.f. 25.4.2007.

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