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Discretion to customers for selection between RTGS and NEFT

August 12, 2011 802 Views 0 comment Print

As you are aware, RTGS and NEFT are two important pan-India payment systems introduced by Reserve Bank of India keeping in mind the requirements of various customers in the wholesale and retail payment systems segment. Both these systems have distinct objectives and unique features in terms of the time criticality of payments, threshold value of transactions, mode of settlement etc. As such, the charges levied for transactions in the two systems are also different. The customers in turn, should be empowered to exercise the choice between these two systems depending upon their requirements.

Amends Notification No.55/2008-Customs, dated the 28th April 2008 – Notification No.75 /2011-Customs

August 12, 2011 424 Views 0 comment Print

Notification No.75 /2011-Customs – Date- 12th August, 2011 G.S.R. (E). -In exercise of the powers conferred by sub-section (1) and sub-section (5) of section 9A of the Customs Tariff Act, 1975 (51 of 1975) read with rules 18 and 20 of the Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995, the Central Government, hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue),

Notification No.74/2011-Customs, Date- 12th August, 2011

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Notification No.74 /2011-Customs, Date- 12th August, 2011 – G.S.R. (E). – Whereas, the designated authority vide notification No. 15/10/2010-DGAD, dated the 22nd June, 2010, published in the Gazette of India, Extraordinary, Part I, Section 1, dated the 22nd June, 2010, had initiated review, in terms of sub-section (5) of section 9A of the Customs Tariff Act, 1975 (51 of 1975) and in pursuance of rule 23 of the Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995 (hereinafter referred to as the said rules),

Notification No. 103/2011 – Income Tax Dated 11/8/2011

August 11, 2011 504 Views 0 comment Print

Notification No. 103/2011 – Income Tax [F.NO.V-27015/3/2011-SO(NAT.COM]/S.O.1882(E), DATED 11-8-2011 Whereas by Notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 1462(E), dated 17th June, 2008, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961). the Central Government had notified at serial number 3, “Providing home for old aged persons and lonely children” by Mangal Jeevan Trust, At & PO: Sedrana, District Patan (North Gujarat), Post Box No. 16, Ahmedabad-227527, as an eligible project or scheme for a period of three years beginning with financial year 2008-09;

Notification No.102/2011 – Income Tax Dated 11/8/2011

August 11, 2011 841 Views 0 comment Print

Notification No. 102/2011 – Income Tax [F.NO.V-27015/3/2011-SO(NAT.COM]/S.O.1881(E), DATED 11-8-2011 Whereas by Notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 121(E), dated 12th January, 2009, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 15, “Aadivasi Anna Arogya Shikshan Yojana (providing education, health & food for tribal & rural childrens)” by Shantilal Shanghvi Foundation, F.P. 145, Ram Mandir Road, Vile Parle (East), Mumbai -400057, Maharashtra, as an eligible project or scheme for a period of three years beginning with financial year 2008-09;

Notification No. 101/2011 – Income Tax Dated 11/8/2011

August 11, 2011 405 Views 0 comment Print

Notification No. 101/2011 – Income Tax [F.NO.V-27015/3/2011-SO(NAT.COM]/S.O.1880(E), DATED 11-8-2011 – Whereas by Notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O.206(E), dated the 17th March, 1997, issued under 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 had notified at serial number 8, “Equipments and vehicle, running of Eye Hospital/camps at Bharatpur, Rajasthan” by Friendship Foundation Trust, Giriraj, 8, Andi Hill, Satellite Road, Jodhpur Tekra, Ahmedabad, Gujarat – 380015, as an eligible project or scheme for a period of three years beginning with assessment year 1997-98,

Notification No. 100/2011 – Income Tax Dated 11/8/2011

August 11, 2011 429 Views 0 comment Print

Notification No. 100/2011 – Income Tax [F.NO.V-27015/3/2011-SO(NAT.COM]/S.O.1879(E), DATED 11-8-2011 Whereas by Notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O.466(E) dated the 29th March, 2007, issued under 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 had notified at serial number 1, – “Satya Bharti Schools (establishing & supporting 500 primary schools as well as non-formal education)” by Bharti Foundation, H-5/12, Qutub Ambience, Mehrauli Road, New Delhi – 110030 as an eligible project or scheme for a period of three years beginning with financial year 2007-2008 and which was extended further vide Notification number S.O.648(E), dated 22 March, 2010 for a period of three years beginning with financial years 2010-11;

Notification No. 99/2011 – Income Tax Dated 11/8/2011

August 11, 2011 712 Views 0 comment Print

NC Notification No. 99/2011 – Income Tax [F.NO.V-27015/3/2011-SO(NAT.COM]/S.O.1878(E), DATED 11-8-2011 – Whereas by Notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O.708(E) dated the 25th May, 2005, issued under 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 had notified at serial number 12, “SMF-CANSTOP [Cancer Support Therapy to overcome pain]” by Sundaram Medical Foundation, Chennai, Shanti Colony, IVth Avenue, Anna Nagar, Chennai, Tamil Nadu – 600040, as an eligible project or scheme for a period of three years beginning with financial year 2005-2006 and which was extended further vide Notification Number S.O.761(E), dated 18th March, 2009 for a further period of three years beginning with the financial year 2008-09;

Notification No. 98/2011 – Income Tax Dated 11/8/2011

August 11, 2011 585 Views 0 comment Print

NC Notification No. 98/2011 – Income Tax [F.NO.V-27015/3/2011-SO(NAT.COM]/S.O.1877(E), DATED 11-8-2011 Whereas by Notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 1111(E), dated the 8th August, 2005, issued under 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 had notified at serial number 6, “Construction of buildings for the education, rehabilitation, training and welfare of persons

Notification No. 97/2011 – Income Tax Dated 11/8/2011

August 11, 2011 645 Views 0 comment Print

NC Notification No. 97/2011 – Income Tax [F.NO.V-27015/3/2011-SO(NAT.COM]/S.O.1876(E), DATED 11-8-2011 Whereas by Notification of the Government of India in the Ministry of Finance (Department of Revenue), number S.O.96(E), dated the 11th February, 1999, issued under 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 had specified at serial number 9, for “Providing free food and anti-Cancer drugs to poor cancer patients in General wards of Cancer Institute at Chennai,

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