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Income Tax Notification & Circulars


NOTIFICATION NO. 22/2008, DATED 6-2-2008

 

NOTIFICATION NO. 22/2008, DATED 6-2-2008 It is hereby notified for general information that the organization International Institute of Biotechnology and Toxicology, Padappai, Tamil Nadu has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of th..

Posted in Income Tax

NOTIFICATION NO. 21/2008, DATED 5-2-2008

 

NOTIFICATION NO. 21/2008, DATED 5-2-2008 In exercise of the powers conferred by clause (xii) of sub-section (1) of section 36 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, the Oil Industry Development Board established under sec..

Posted in Income Tax

SECURITIES LENDING & BORROWING SCHEME

 

Securities Lending & Borrowing Scheme   CIRCULAR NO. 2/2008, DATED 22-2-2008   Securities and Exchange Board of India (SEBI) vide Circular No. MRD/DoP/SE/DEP/Cir. 14/2007, dated 20-12-2007, has decided to permit all classes of investors (individuals, institutional, etc.) to short s..

Posted in Income Tax

Regarding TDS return and non levy of penalty for late

 

F.No. 275/6/2008-IT(B) Government of India Ministry of Finance Department of Revenue Central Board of Direct Tax ***** New Delhi dated 28th January 2008   Subject :- Order under section 119(2)(a) of the Income –Tax Act, 1961 regarding  extension of time for filing of  Tax Ded..

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Clarification regarding applicability of provisions of Sec194I

 

Clarification regarding applicability of provisions of Section 194-I to payments made by the customers on account of cooling charges to the cold storage owners CIRCULAR NO. 1/2008, DATED 10-1-2008 Representations have been received from various quarters regarding applicability of the provisions of..

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Explanatory Notes to the provisions of the Finance Act, 2007

 

Download the circular below/share_files/files_display.asp?files_id=5509 ..

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Electronic-payment of tax.NOTIFICATION NO. 34/2008, 13-3-08

 

NOTIFICATION NO. 34/2008, DATED 13-3-2008   In exercise of the powers conferred by sub-section (1) of section 295 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:- 1. (1) These ru..

Posted in Income Tax

ITAT makes trusts' registration with I-T Dept easier

 

Making it easier for trusts to register themselves with the Income Tax Department, the tax tribunal has ruled that registration process would be deemed to be complete if the application is not rejected by the concerned official within the stipulated period of six months. The Income Tax Appellate T..

Posted in Income Tax