Notification No.S. O. 110(E) – Income Tax In exercise of the powers conferred by sub-clause (f) of clause (iii) of sub-section (3) of section 194A of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the West Bengal Industrial Development Corporation Limited, Calcutta, for the purposes of the said sub-clause
A doubt has been recently raised as to whether the Officers of Directorate of Revenue Intelligence could issue show cause notices in cases investigated by them – a practice started last year apparently in tune with the practice of the Directorate General of Anti Evasion. The matter has been examined in the Board
Circular No. 773-Income Tax At present, the payee is required to put his signature in the space provided for “Claimants signature” on the reverse of the refund order. The responsibility of the collecting bank in dealing with “account payee” instruments is well-defined under the Negotiable Instruments Act. No specific purpose is served by obtaining this additional discharge on the reverse of this cheque. On the other hand, it
SEBI has issued clarifications to the Guidelines for Disclosure and Investor Protection in the recent past in order to strengthen the disclosure norms and bring out the reforms in the Primary Market
In view of the strategic importance of infrastructure projects, the Board has also decided to grant specific relaxations for Public Issues by infrastructure companies. These relaxations are being provided under part C of this clarification.
All custodians are advised to ensure compliance with the instructions contained herein above. Non-compliance would be viewed seriously and may result in disciplinary action against the custodian.
As per the SEBI (Foreign Institutional Investors) Regulations, 1995 Amendment dated May 18, 1998, the Foreign Institutional Investors (FIIs) are permitted to invest in Treasury Bills. This avenue of investment is available to FIIs investing through 100% debt route as well as to FIIs investing through the equity route where upto 30 % investments can be made in debt instruments.
Notification No.S. O. 525 – Income Tax It is notified for general information that enterprise, listed at para (3) below has been approved by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962, for the assessment years 1998-99, 1999-2000 and 2000-2001
Notification No.S. O. 524 – Income Tax It is notified for general information that enterprise, listed at para (3) below has been approved by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962, for the assessment years 1998-99, 1999-2000 and 2000-2001
Notification No.523 – Income Tax It is notified for general information that “Home Trust Housing Finance Company Ltd., Calcutta”, has been approved by the Central Government for the purposes of section 36(1)(viii) of the Income-tax Act, 1961, for the assessment years 1999-2000 to 2001-2002.
