Notification & Circulars by Aisha

Reclassification of NBFCs

RECLASSIFICATION OF NBFCS CIRCULAR NO. DNBS.PD. CC NO. 128 / 03.02.059 /2008-09, DATED 15-9-2008 Please refer to Company Circular DNBS.PD. CC No. 85 / 03.02.089 /2006-07 dated December 06, 2006 on the captioned subject. It was advised therein that NBFCs financing real / phy..

Posted in Community & General

Withdrawal of circular filing of form 8 within 300 days

Now charge forms has to be filed within 30 day..circular MCA has withdrawn its circular dated 27th September 2007 which was brought into effect from 27th October 2007 allowing the ROC to take on record the charge forms/ returns filed within 300 days with additional fees. Now the charge forms ..

Posted in Corporate Law

Guidelines on trading of Currency Futures

Date: Aug 06, 2008 Guidelines on trading of Currency Futures in Recognised Stock / New Exchanges RBI/2008-09/122 A.P. (DIR Series) Circular No. 05August 06, 2008To All Category - I Authorised Dealer banks Madam / Sir, Guidelines on trading of Currency Futures in Recognised Stock / ..

Posted in Community & General

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

Instructions regarding Large Taxpayer Unit

Instructions regarding Large Taxpayer Unit Circular No. 878/16 /2008-CX, dated 21-11- 2008 I am directed to invite your attention to para VI of the Board’s Circular No. 834/11/2006-CX dated 05.10.2006 wherein the large taxpayers were requested to opt for e-payment of taxes.&n..

Posted in Service 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

ECB policy further liberalised

ECB POLICY FURTHER LIBERALISED PRESS RELEASE, DATED 22-9-2008 The External Commercial Borrowing (ECB) policy is regularly reviewed by the Government in consultation with Reserve Bank of India (RBI) to keep it in tune with the evolving macroeconomic situation, changing market cond..

Posted in Community & General

AMENDMENTS TO EQUITY LISTING AGREEMENT

AMENDMENTS TO EQUITY LISTING AGREEMENT CIRCULAR NO. SEBI/CFD/DIL/LA/ 5/2008/4/09, DATED 4-9-2008 1. In order to bring more transparency and efficiency in the governan..

Posted in Investments & Personal Finance

SERVICE TAX EXEMPTION ON CERTAIN GTA SERVICES

Government has fully exempted certain taxable services from service tax, provided to a goods transport agency (GTA) by their sub-contractors. A notification, No.1/2009–Service Tax, to this effect was issued by the Department of Revenue, Ministry of Finance, here today. These services are..

Posted in Service Tax

Notification No. 1/2009 - Service Tax, dated 5-1-2009

In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994) (hereinafter referred to as the Finance Act), and in supercession of the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.29/2008- Service Ta..

Posted in Service Tax