Notification & Circulars

Secondary and additional higher education cess

CIRCULAR SECONDARY AND HIGHER EDUCATION CESS — ACCOUNTING CODE The Controller General of Accounts has approved operation of new accounting code for payment of Secondary and Higher Education Cess and other receipts that is interest and penalty as follows: Numeric Code Descript..

Posted in Community & General

Removal of Capital goods

NOTIFICATION NO 39/2007-Cex., (N.T.), Dated: November 13, 2007 In exercise of the powers conferred by section 37 of the Central Excise Act, 1944 (1 of 1944) and section 94 of the Finance Act, 1994 (32 of 1994), the Central Government hereby makes the following rules further to amend the CENVAT Cre..

Posted in Excise

Company's name approved/renewed will be valid for a period of 60 days

1 [PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART – II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS Notification New Delhi, the 16th November, 2007 G.S.R. 720 (E). - In exercise of the powers conferred by clauses (a) and (b) of sub-section (1) of s..

Posted in Corporate Law

Companies (Central Government’s) General Rules and Forms (Third Amendment) Rules, 2007 – Substitution of Rule 4A

Companies (Central Government’s) General Rules and Forms (Third Amendment) Rules, 2007 – Substitution of Rule 4A NOTIFICATION NO. G.S.R. 720 (E), DATED 16-11-2007 In exercise of the powers conferred by clauses (a) and (b) of sub-section (1) of section 642 read with section 610B of the Companies ..

Posted in Corporate Law

Indian Register of Shipping, Mumbai has been approved for section 35

It is hereby notified for general information that the organization Indian Register of Shipping, Mumbai has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (said Act), read with Rules 5C and 5E of the Income..

Posted in Income Tax

The South India Textile Research Association, Coimbatore has been approved for section 35

NOTIFICATION NO. 274/2007, DATED 16-11-2007 It is hereby notified for general information that the organization The South India Textile Research Association, Coimbatore has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Inco..

Posted in Income Tax

National Institute of Immunology, New Delhi, has been approved for section 35

NOTIFICATION NO. 275/2007, DATED 16-11-2007 It is hereby notified for general information that the organization National Institute of Immunology, New Delhi, has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1..

Posted in Income Tax

Volatility Index introduced

CIRCULAR NO. SEBI/DNPD/CIR-35/2007, DATED 15-1-2008The SEBI appointed Derivatives Market Review Committee (DMRC), headed by Professor M. Rammohan Rao, recommended the introduction of Volatility Index and Futures and Options on this Index. Accordingly, it has been decided that, to begin with..

Posted in Investments & Personal Finance

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

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