Notification No. 120-Income Tax S.O. 723(E).—In exercise of the powers conferred by clause (6C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby declares that any income arising to the foreign companies specified in column (2) of the table given below, by way of royalty or fees for technical services received in pursuance of the agreements specified in column (3) of the table
This notification will not apply in relation to any income being profits and gains of business, unless the business is incidental to the attainment of the objectives of the Institution and separate books of account are maintained in respect of such business
this notification will not apply in relation to any income being profits and gains of business, unless the business is Incidental to the attainment of the objectives of the Institution and separate books of account are maintained in respect of such business
Notification No. 119-Income Tax S.O. 704(E) -In exercise of the powers conferred under section 295 read with sub-section (3) of section 200 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely
This notification is applicable only to the recipients of income on behalf of the Institution and not to any other receipt or income of such recipients
This notification is applicable only to the recipients of income on behalf of the Institution and not to any other receipt or income of such recipients. Taxability, or, otherwise, of the income of the Institution would be separately considered as per the provisions of the Income-tax Act, 1961
In exercise of powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with paragraph 2.1 of the Foreign Trade Policy – 2004-09, the Central Government hereby makes the following amendments in the lists of manufacturers given under the Export Licensing Note 1 in Chapter 31 of Schedule – 2 (Exports) of the ITC(HS) Classifications of Export and Import Items, 2004-09.
In exercise of powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with Para 2.1 of the Foreign Trade Policy,1st September, 2004 – 31st March, 2004-2009 (as amended from time to time), the Central Government hereby makes following amendments in the Schedule – 2 of the ITC(HS) Classifications of Export and Import Items, 2004-2009.
The principal notification was published in the Gazette of India, Extraordinary, vide number G.S.R. 537 (E), dated the 17th August, 2005 and was last amended vide notification number 35/2005-Central Excise, dated the 29th November, 2005, published in the Gazette of India, Extraordinary, vide number G.S.R. 697(E), dated the 29th November, 2005.
In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby directs that each of the notifications of the Government of India in the Ministry of Finance (Department of Revenue), specified in column (2) of the Table below, shall be further amended in the manner specified in the corresponding entry in column (3) of the said Table, namely.
