Income Tax Notification & Circulars

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..

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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..

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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..

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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..

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MANDATORY E-PAYMENT OF TAXES

MANDATORY E-PAYMENT OF TAXES CIRCULAR NO. 5/2008, DATED 14-7-2008 The Central Board of Direct Taxes, vide notification S.O. No. 493(E), dated 13.3.2008 have notified the categories of taxpayers who are mandatorily required to electronically pay taxes on or after the 1st day of April, 2008...

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New return forms and matters connected thereto

NEW RETURN FORMS FOR THE ASSESSMENT YEAR 2008-09 - AND MATTERS CONNECTED THERETO CIRCULAR NO. 6/2008, DATED 18-7-2008 The Central Board of Direct Taxes, vide notification S.O. No. 752(E), dated 28.3.2008 have notified return forms for the assessment year 2008-09. With a view to enabling ta..

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Notification No. 61/2008

Notification No. 61/2008, dated 7-5-2008 In exercise of the powers conferred by sub-clause (vii) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following amendment in notification of the Government of India, Ministry of Finance, ..

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