Income Tax Notification & Circulars

Business Expenditure

Jt. C.I.T. Vs. Mukund Ltd. 02/15/2007 [2007] 291 ITR 249 (MUMBAI)[SB] Case Fact: Whether Non-refundable `Premium` paid for obtaining land on lease of 99 years at the annual rent of Re. 1 for factory use in industrial area to State Development Corporation is advance rent? Decision: Held by the Hon`bl..

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Amendments to Rule 6DD!

INCOME-TAX (EIGHTH AMENDMENT) RULES, 2007 NOTIFICATION NO. 208/2007, dated 27-6-2007 In exercise of the powers conferred by section 295, read with proviso to sub-section (3) of section 40A of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rule..

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Consignee to issue TDS certificate to truck operators-Clarification by CBDT

Note : Last Alert was No 129 dated 26-6-2006 Alert -1- Tax Deduction at Source - Issue of TDS Certificate under section 203 of the Income-tax Act - Cases of Truck/Goods-carriage Operators - CIRCULAR NO 6/2006 Dated 23-6-2006 As per the provisions of section 203 of the Income-tax Act, read with rule ..

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New Return Forms for Assessment Year 2007-08 matters connected thereto

New Return Forms for Assessment Year 2007-08 matters connected thereto reg. CIRCULAR NO. 5 / 2007, DATED 26-7-2007 The Central Board of Direct Taxes, vide notification S.O. No.762(E) dated 14th May, 2007 have notified following new return forms for assessment year 2007-08 under a new..

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NOTIFICATION NO. 210/2007, DATED 27-7-2007

NOTIFICATION NO. 210/2007, DATED 27-7-2007 In exercise of the powers conferred by sub-section (1B) of sections 139 and 139D of the Income-tax Act, 1961 (43 of 1961) read with sub-rule (3) of rule 12 of the Income-tax Rules, 1962 and in supercession of the Electronic Furnishing of Return of Income Sc..

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Cost Inflation Index for FY 2007-08

NOTIFICATION NO. 214/2007, DATED 3-8-2007 Notified Cost Inflation Index for financial year 2007-08 In exercise of the powers conferred by clause (v) of the Explanation to section 48 of the Income-tax Act, 1961 (43 of 1961), the Central Government, having regard to seventy-five per cent of the aver..

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AIRs-Utilization of information-CBDT

Direct Tax Instruction No. 7 dated 16 August 2007 Annual Information Returns (AIRs) - Utilization of information For the purpose of issuance of notices and taking statutory action under sub-para (d) of para 10 of Board's Instruction No. 6-2006 dated 1 August 2006 on utilization of information in th..

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income tax

Section 35(1)(ii) of the Income-tax Act, 1961 - Scientific research expenditure - Approved scientific research associations/institutions CORRIGENDUM NOTIFICATION NO. 226/2007, DATED 14-8-2007 In partial modification of the Notifications issued by Central Board of Direct Taxes,..

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Income-tax (Ninth Amendment) Rules, 2007::

Income-tax (Ninth Amendment) Rules, 2007 NOTIFICATION No. 238/2007, dated 30-8-2007 In exercise of the powers conferred by section 295 read with sub-section (3) of section 200 and proviso to sub-section (3) of section 206C of the Income-tax Act, 1961 (43 of 1961), the Central Board of Dire..

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Sec.35D

NOTIFICATION NO. 236/2007, DATED 24-8-2007It is hereby notified for general information that the organizationEngineers India Limited, New Delhi has been approved by the CentralGovernment for the purpose of clause (a) of sub-section (2) of section35D of the Income-tax Act, 1961, for the period from 8..

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