Notification No. GSR 956(E)-Income Tax In exercise of the powers conferred by sub-section (4) of section 3 of the Public Provident Fund Act, 1968 (23 of 1968), the Central Government hereby makes the following Scheme further to amend the Public Provident Fund Scheme, 1968, namely :— 1. (1) This scheme may be called the Public Provident Fund (Amendment) Scheme, 2010.
Notification No. 89/2010-Income Tax S.O It is hereby notified for general information that the organization Arogyaseva Medical Academy of India, Pure has been approved by the Central Government for the purpose of clause (ii) of subsection (1) of section 35 of the Income-tax Act, 1961 (said Act), read with Rules SC and 5E of the Income-tax Rules, 1962 (said Rules), with effect from 1.4.2006 (Assessment Year 2007-08) onwards
It has been decided that State and Central Co-operative Banks are exempted till further order from the obligation of maintenance of cash reserve ratio (CRR) under section 18 or assets in the form of cash, gold or unencumbered approved securities under section 24 read with section 56 of the Banking Regulation Act, 1949, to the extent of the amounts deposited by them with IDBI Bank Limited, in current account.
It has been brought to our notice that “Money mules” can be used to launder the proceeds of fraud schemes (e.g., phishing and identity theft) by criminals who gain illegal access to deposit accounts by recruiting third parties to act as money mules In some cases these third parties may be innocent while in others they may be having complicity with the criminals.
Equity participation by other industrial undertaking shall mean total equity held in an industrial undertaking by other industrial undertaking or undertakings, whether small scale or otherwise, put together as well as the equity held by persons who are Directors in any other industrial undertaking or undertakings.
Notification No.88/2010-Income Tax S.O. It is hereby notified for general information that the organization Indian Institute of Technology, Hyderabad, Kandl, Andhra Pradesh 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, 196′. (said Act), read with Rules . 50 and 5E of the Income-tax Rules, 1962 (said Rules), from Assessment Year
It has been brought to the notice of RBI that for opening bank accounts of salaried employees, some banks rely on a certificate/letter issued by the employer as the only KYC document for the purposes of certification of identity as well as address proof. Such a practice is open to misuse and fraught with risk.
Investments by the FIIs shall be subject to extant provisions of the Foreign Exchange Management Act (FEMA) and rules, regulations, notifications, directions or orders issued thereunder, and within such limits as may be set forth in this regard from time to time by the SEBI.
Notification No. 87/2010-Income Tax S.O. It is hereby notified for general information that the organization Indian Academy of Science, 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 (said Act), read with Rules 5C and 5E of the Income-tax Rules: 1962 (said Rules), with effect from Assessment Year 201041 onwards
The export of pulses had been prohibited vide Notification No. 15(RE-2006)/2004-09 dated 27.06.2006 which had initially been imposed for a period of 6 months and is presently extended till 31.03.2011 vide Notification No. 35 /2009-14 dated 30.03.2010.
