Notification & Circulars

Section 10(15)(vii)

Section 10(15)(vii) of the Income-tax Act, 1961 - Exemptions - Interest on bonds issued by local authorities - Notified bonds NOTIFICATION NO. 6/2008, DATED 14-1-2008 In exercise of the powers conferred by sub-clause (vii) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 196..

Posted in Income Tax

Cold Storage and 194C

CIRCULAR NO. 1/2008, DATED 10-1-2008 Representations have been received from various quarters regarding applicability of the provisions of Section 194-I to cooling charges paid by the various customers to the owners of cold storages. It has been represented that the cold storage owner..

Posted in Others

NOTIFICATION NO. 46/2008 - SERVICE TAX, DATED 18-1-2008

Section 86(1A) of Finance Act, 1994 –Amendment in Notification No. 18/2007 – Service Tax, Dated 12-5-2007 NOTIFICATION NO. 46/2008 - SERVICE TAX, DATED 18-1-2008 In exercise of the powers conferred by sub-section (1A) of section 86 of Finance Act, 1994 (32 of 1994), the Central Boa..

Posted in Service Tax

Notification No. 7/2008 Dated 15-1-2008

INCOME FROM CW GAMES IS THE SPECIFIED INCOME NOTIFICATION NO. 7/2008, DATED 15-1-2008 In exercise of the powers conferred by clause (39) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies, (a) ..

Posted in Income Tax

GOI Notification –Sale (Reissue) of 6.57 % Government Stock’11

GOI Notification –Sale (Reissue) of 6.57 % Government Stock’11 GOVERNMENT OF INDIAMINISTRY OF FINANCE(Department of Economic Affairs)(Budget Division) New Delhi, January 18, 2008 NOTIFICATION Auction for Sale (Re-issue) of ’6.57 per cent Government Stock, 2011’Und..

Posted in Shares & Stock

Amendment in Rule 40C -Insertion of Rule 40D

Income-tax (Second Amendment) Rules, 2008 – Amendment in rule 40C; insertion of rule 40D NOTIFICATION NO. 11/2008, DATED 18-1-2008 In exercise of the powers conferred by section 295 read with Explanation (i) to clause (ba) of sub-section (1) of section 115WC of the Income-tax Act..

Posted in Income Tax

NOTIFICATION NO. S.O. 44(E),

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 Others

DEMATERIALIZED SCRIP CHOSEN FOR TRADING & SETTLEMENT OF TRADE

CIRCULAR NO. SEBI/MRD/SE/DEP/CIR- 01/2008, DATED 22-1-2008 1. Please refer to SEBI Circular No.SMDRP/POLICY/CIR-38/2000 dated August 18, 2000 whereby the following scrips (listed subsidiaries of State Bank of India) were excluded from the list of scrips for compulsory demat trading. 1. Sta..

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Gujarat VAT Audit report - Extention in filing

NOTIFICAT!ON FINA.1\ICEDEPARTMENT. Sachivalaya, Gandhinagar. Dated the 21" January, 2008. No. (GHN-03).VAR-2008! (15) TH ;- WHEREAS the GovCtnlllent of Gujarat is satisfied that circurJs!allces exist which lender it necessary to take inunediate action to make rule; and to dispense ~ith the p..

Posted in VAT

EXIM Bank's LOC of USD Available to Myanma Foreign Trade Bank

Exim Bank's Line of Credit (LOC) of USD 60 million to Myanma Foreign Trade Bank, Myanmar A. P. (DIR SERIES) CIRCULAR NO. 26, DATED 28-1-2008 Export-Import Bank of India (Exim Bank) has concluded an agreement dated October 29, 2007 with Myanma Foreign Trade Bank, Myanmar, making available to the la..

Posted in Others