Income Tax Notification & Circulars

NOTIFICATION NO. 95/2008, DATED 1-10-2008

SECTION 35(1)(II) OF THE INCOME-TAX ACT, 1961 - SCIENTIFIC RESEARCH EXPENDITURE - APPROVED SCIENTIFIC RESEARCH ASSOCIATIONS/INSTITUTIONS NOTIFICATION NO. 95/2008, DATED 1-10-2008 It is hereby notified for general information that the organization National Health & Education Society, (P.D. Hin..

Posted in Income Tax

Definition of ‘Charitable purpose’

Circular No. 11/2008 F. No.134/34/..

Posted in Income Tax

SECTION 80-IA

SECTION 80-IA OF THE INCOME TAX ACT, 1961 – DEDUCTIONS – IN RESPECT OF PROFITS AND GAINS FROM INDUSTRIAL UNDERTAKING, OR ENTERPRISE ENGAGED IN INFRASTRUCTURE DEVELOPMENT, ETC. – NOTIFIED UNDERTAKING NOTIFICATION NO. 87/2008, DATED 20-8-2008 In exercise of the powers conferred by..

Posted in Income Tax

Order under section 119(1) regarding exemption of TDS

Order under section 119(1) of the Income-tax Act, 1961 regarding exemption from the TDS provisions under section 197 read in conjunction with section 10(26BBB) of Income-tax Act, 1961 CIRCULAR NO. 7/2008, DATED 1-8-2008 In exercise of the powers conferred under sub-section (1) of ..

Posted in Income Tax

INSTRUCTION NO. 14/2008, DATED 1-10-2008

ROCESSING OF RETURNS FOR A.Y. 2007-08 - DIFFICULTIES BEING FACED IN PROCESSING ITR-5 RETURNS IN CITIES WHERE REFUND BANKER SCHEME IS OPERATIONAL INSTRUCTION NO. 14/2008, DATED 1-10-2008 Kindly refer to the above. It has come to the notice of the Board that in the cities where the refund banke..

Posted in Income Tax

NOTIFICATION NO. 93/2008, DATED 30-9-2008

REVERSE MORTGAGE SCHEME, 2008 NOTIFICATION NO. 93/2008, DATED 30-9-2008 In exercise of the powers conferred by clause (xvi) of section 47 of the Income-tax Act, 1961 (43 of 1961), the Centre! Government hereby makes the following scheme, namely: - 1. Short title, commencement aud a..

Posted in Income Tax

SECTION 194J

SECTION 194JOF THE INCOME-TAX ACT, 1961 –DEDUCTION AT SOURCE OF TAX – NOTIFIED PROFESSIONAL SERVICES NOTIFICATION NO. 88/2008/F.NO. 275/43/2008-IT(B), DATED 21-8-08 In exercise of the powers conferred by clause (a) of the Explanation to section 194J of the Income Ta..

Posted in Income Tax

NOTIFICATION NO. 94/2008, DATED 1-10-2008

SECTION 35(1)(II) OF THE INCOME-TAX ACT, 1961 - SCIENTIFIC RESEARCH EXPENDITURE - APPROVED SCIENTIFIC RESEARCH ASSOCIATIONS/INSTITUTIONS NOTIFICATION NO. 94/2008, DATED 1-10-2008 It is hereby notified for general information that the organization Kasturba Health Society, Distt. Wardha, Mahara..

Posted in Income Tax

CIRCULAR NO. 8/2008, DATED 22-9-2008

COMPULSORY FILING OF E-RETURN OF INCOME FOR ASSESSMENT YEAR 2008-09-FURNISHING OF RETURN BY REPRESENTATIVE ASSESSEE OF NON-RESIDENTS CIRCULAR NO. 8/2008, DATED 22-9-2008 The Central Board of Direct Taxes, vide notification S.O. No. 752(E) dated 28.03.2008, inter-alia, notified a new return ..

Posted in Income Tax

CBDT Instruction No. 11/2008

CBDT Instruction No. 11/2008, Dated: September 5, 2008Processing of Returns – Clearance of backlog – CBDT instructionsBoard is concerned that a large number of IT returns are pending for processing and has issued the following instructions:-(1) All pending returns for A.Y. 2007-08 involving refund c..

Posted in Income Tax