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NOTIFICATION NO 42/2008 DT 29SEPT08

 

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]     GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE)     Notification No.42/2008-Central Excise (N.T.)   New Delhi, the  29th September, 2008 &nb..

Posted in Excise

NOTIFICATION NO 40/2008 DT 29 SEPT08

 

TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE)   Notification No. 40/2008-Central Excise (N.T.)   New Delhi, the 29th September, 2008        ..

Posted in Excise  1 comments

CBDT Order of Extension

 

October, 24th 2006 F.No. 133/38/2006-TPL (Pt) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes   New Delhi, the 24th October, 2006   Order under Section 119 of the Income Tax Act   In exercise ..

Posted in Audit

ECB Policy Review

 

  RBI/2007-08/112 A. P. (DIR Series) Circular No. 04 August 7, 2007 To All Category – I Authorised Dealer Banks Madam / Sir, Review of External Commercial Borrowings (ECB) Policy Attention of Authorised Dealer Category - I (AD Category – I) banks is invited to A.P. (DIR Series) Circular..

Posted in Miscellaneous

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

Remuneration to Bank Auditors

 

  RBI/2007-2008/217 Ref.DBS.ARS.BC. No. 07/ 08.92.001/ 2007-08 December 20, 2007 The Chairman & Managing Director, all Nationalised Banks and The Managing Director, Associate Banks of SBI Dear Sir/Madam, Remuneration payable to the Statutory Central and Branch Auditors of Public Sec..

Posted in Audit

Board Circular issued prior to amendment of IT Act and SC ruling not binding!!

 

IT is now an axiomatic law that Board circulars are binding on the Department, even if they are wrong or against decisions of the Supreme Court. But our Boards do not have the habit of tracking down the multitude of circulars they issue and considering whether they are relevant after the Law has bee..

Posted in Income Tax

Income-tax (First Amendment) Rules, 2008-Industrial park scheme

 

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART –II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE Department of Revenue (CENTRAL BOARD OF DIRECT TAXES) Notification New Delhi, the 8th January, 2008. INCOME-TAX S.O.50(E) .–In exercise of..

Posted in Income Tax

Procedural issues in Service Tax-circular-reg.

 

CIRCULAR NO 97/6/2007-ST, Dated : August 23, 2007Subject:- Procedural issues in Service Tax-circular-reg. Since the inception of the levy of service tax vide Chapter V of the Finance Act, 1994 (hereinafter called the Act) and rules made thereunder from time to time, a number of circulars/clarificati..

Posted in Service Tax

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 ..

Posted in Income Tax