CIRCULAR NO. 3/2007-Income Tax Vide Income-tax (4th Amendment) Rules, 2007 [S.O. No. 762(E) dated 14th May, 2007], the Central Board of Direct Taxes amended the Income-tax Rules, 1962 substituting rule 12 by a new rule 12 and notifying new return forms for assessment year 2007-08. Sub-rule (3) of the new rule 12, inter-alia, provides that a firm required to furnish the return of income/ fringe benefits in Form ITR-5 and to whom provisions of section 44AB are applicable, or a company required to furnish the return of
Notification No.179 – Income Tax It is hereby notified for general information that the organization Nimbkar Agricultural Research Institute (NARI), Phaltan, Maharashtra, 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, read with Rules 5C and 5D of the Income-tax Rules, 1962 with effect from 1-4-2006 in the category of
Notification No. 178 – Income Tax It is hereby notified for general information that the organization Central Power Research Institute, Bangalore, 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, read with Rules 5C and 5D of the Income tax Rules, 1962 with effect from 1-4-2005 in the category of ‘other Institution’ partly engaged in
Notification No.177 – Income Tax It is hereby notified for general information that the organization Vasantdada Sugar Institute, Pune, 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 5D of the Income-tax Rules, 1962 (said Rules), with effect from 1-4-2003 in the category of ‘other Institution’, partly
Notification No. 176 – Income Tax In the Notification of the Government of India, Ministry of Finance (Department of Revenue) number S.O. 489(E), dated 29th March, 2007 published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (ii ), dated the 29th March, 2007, in last paragraph, for ‘Rs.8.11 lakhs’ read ‘Rs.8.11 crore
In exercise of powers conferred under Paragraph 2.4 of the Foreign Trade Policy 2004-2009, the Director General of Foreign Trade hereby makes the following amendments in Handbook of Procedures.
In exercise of the powers conferred by 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 further amends theNotification of the Government of India Ministry of Finance (Department of Revenue) number S.O.1013(E) dated the 5th July 2006
In exercise of the powers conferred by 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 further amends theNotification of the Government of India Ministry of Finance (Department of Revenue) number S.O. 1011 (E) dated the 5th July 2006.
In the circular, the words “where the aggregate value of such securities, including premium, if any, exceeds Rs. 50 lacs,” were inadvertently omitted in the opening para of the amended clause 2.1.2 of the Guidelines.
NOTIFICATION NO. 35/2007-SERVICE TAX .In exercise of the powers conferred by section 93 of the Finance Act, 1994 (32 of 1994), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby rescinds the following notifications of the Government of India in the Ministry of Finance (Department of Revenue), as specified in column(2) of the Table below, except as respects things
