Notification & Circulars by Ravikumar.G

Bank Term Deposit (Amendment) Scheme, 2007 - Amendment in Paragraph 11

Bank Term Deposit (Amendment) Scheme, 2007 - Amendment in Paragraph 11 NOTIFICATION NO. S.O. 2127(E), DATED 13-12-2007 In exercise of the powers conferred by clause (xxi) of sub-section (2) of section 80C of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the f..

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Post Office (Monthly Income Accounts) (Second Amendment) Rules, 2007

Post Office (Monthly Income Accounts) (Second Amendment) Rules, 2007 NOTIFICATION NO. G.S.R. 763(E), DATED 8-12-2007 In exercise of the powers conferred by section 15 of the Government Savings Banks Act, 1873 (5 of 1873), the Central Government hereby makes the following rules further to amend t..

Posted in Community & General

PAYMENT OF BONUS (AMENDMENT) ACT, 2007

PAYMENT OF BONUS (AMENDMENT) ACT, 2007* [No. 45 OF 2007] An Act further to amend the Payment of Bonus Act, 1965. Be it enacted by Parliament in the Fifty-eighth Year of the Republic of India as follows:— Short title and commencement 1. (1) This Act may be called the Payment of Bonus (Am..

Posted in Community & General

Foreign Direct Investments (FDI) – Issue of shares under FDI and refund of advance remittances

Foreign Direct Investments (FDI) – Issue of shares under FDI and refund of advance remittances A. P. (DIR SERIES) CIRCULAR NO. 20, DATED 14-12-2007 Attention of Authorised Dealer Category – I (AD Category – I) banks is invited to the Foreign Exchange Management (Transfer or Issue of Secu..

Posted in Community & General

Introduction of Index options with longer tenure

Introduction of Index options with longer tenure CIRCULAR NO. SEBI/DNPD/CIR-34/2008, DATED 11-1-2008 1. The SEBI Derivatives Market Review Committee (DMRC) headed by Professor M. Rammohan Rao, recommended the introduction of new derivative products in the Indian market, with option contr..

Posted in Community & General

Section 35(1)(iii) of the Income-tax Act, 1961 - Scientific research expenditure - Approved social science or statistical research associations or institutions

Section 35(1)(iii) of the Income-tax Act, 1961 - Scientific research expenditure - Approved social science or statistical research associations or institutions NOTIFICATION NO. 1/2008, DATED 2-1-2008 It is hereby notified for general information that the organization Kripa Foundation, Mu..

Posted in Income Tax

Section 17 of the Foreign Exchange Management Act, 1999 - Appeal to Special Director (Appeals) – Notified Special Directors

Section 17 of the Foreign Exchange Management Act, 1999 - Appeal to Special Director (Appeals) – Notified Special Directors NOTIFICATION NO. S.O. 44(E), DATED 8-1-2008 In exercise of the powers conferred by sub-section (1) of section 17 of the Foreign Exchange Management Act, 1999 (42 of..

Posted in Community & General

Foreign Exchange Management (Permissible Capital Account Transactions) (Amendment) Regulations, 2007

Foreign Exchange Management (Permissible Capital Account Transactions) (Amendment) Regulations, 2007 NOTIFICATION NO. G.S.R. 14(E), DATED 10-10-2007 In exercise of the powers conferred by sub-section (2) of section 6 and sub-section (2) of section 47 of the Foreign Exchange Management Act, 1999 ..

Posted in Community & General

Foreign Exchange Management (Transfer or Issue of Any Foreign Security) (Amendment) Regulations, 2007

Foreign Exchange Management (Transfer or Issue of Any Foreign Security) (Amendment) Regulations, 2007 NOTIFICATION NO. G.S.R. 13(E), DATED 9-10-2007 In exercise of the powers conferred by clause (a) of sub-section (3) of section 6 and sub-section (2) of section 47 of the Foreign Exchange..

Posted in Community & General

Compulsory scrutiny of returns involving refund of Rs. 5 lakhs or above - problem in selection INSTRUCTION NO. 1/2008, DATED 9-1-2008

Compulsory scrutiny of returns involving refund of Rs. 5 lakhs or above - problem in selection INSTRUCTION NO. 1/2008, DATED 9-1-2008 Kindly refer to above. 2. Your attention is drawn to the guidelines for selection of cases under scrutiny for the F. Y. 2007-08 under which claim of refu..

Posted in Income Tax