Notification & Circulars

wealth tax Notification No. 216/2007

7th August, 2007 Notification No. 216/2007 In exercise of the powers conferred by section 46 of the Wealth-tax Act, 1957 (27 of 1957) (hereinafter referred to as the Act), the Central Board of Direct Taxes hereby makes the following rules further to amend the Wealth-tax Rules, 1957, namely:— 1.&n..

Posted in Income Tax

Cost of Inflation 2007-08

CBDT notified Cost Inflation Index for F. Y. 2007 - 083 August 07 Section 48, Explanation (v) of the Income-tax Act, 1961 - Notified Cost Inflation Index for financial year 2007-08 NOTIFICATION NO. 214/2007, DATED 3-8-2007 In exercise of the powers conferred by clause (v) of ..

Posted in Income Tax

SEBI Guidelines for Overseas Investments by Venture Capital Funds

Guidelines for Overseas Investments by Venture Capital Funds CIRCULAR NO. SEBI/VCF/CIR NO. 1/ 98645 /2007, DATED 9-8-2007 1. SEBI registered Venture Capital Fund (VCFs) are permitted to invest in securities of foreign companies in terms of regulation 12(ba) of the SEBI (Venture Capital Funds) R..

Posted in Shares & Stock

Proof of Identity (POI) and Proof of Address (POA) for opening a Beneficiary Owner (BO) Account for non-body corporates

Proof of Identity (POI) and Proof of Address (POA) for opening a Beneficiary Owner (BO) Account for non-body corporates Circular No. MRD/DoP/Dep/Cir-12/2007, dated 7-9-2007 1. Please refer to SEBI circular No. MRD/DoP/Dep/Cir-29/2004 dated August 24, 2004 on the captioned subject. 2...

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Proof of Identity (POI) and Proof of Address (POA) for opening a Beneficiary Owner (BO) Account for non-body corporates

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Research Expenditure

NOTIFICATION NO. 229/2007, DATED 21-8-2007 It is hereby notified for general information that the organization Matrivani Institute of Experimental Research and Education, Kolkata has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Inc..

Posted in Income Tax

Foreign Trade Policy 2006-07

Circular-02 GOVERNMENT OF INDIAMINISTRY OF COMMERCE & INDUSTRY(DEPARTMENT OF COMMERCE)DIRECTORATE GENERAL OF FOREIGN TRADEUDYOG BHAWAN, NEW DELHI – 110 011*** Policy Circular No. 2 (RE-06)/2004-2009 April 10, 2006To &n..

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Announcement from ICAI ::

Announcement Suggestions to be included in the Pre-Budget Memorandum 2008 September 3, 2007 Dear Sir/s Sub: Suggestions to be included in the Pre-Budget Memorandum 2008 As you are kindly aware, every year the ICAI submits its Pre-Budge..

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Articled assistant

[PUBLISHED IN PART III SECTION 4 OF THE GAZETTE OF INDIA EXTRAORDINARY DATED 17TH AUGUST, 2007] (THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA) NOTIFICATION New Delhi, dated the 17th August, 2007. NO.1-CA(7)/102/2007(E).- Whereas certain draft amendments further to amend the Chartered Acco..

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Levy of Service Tax on Professionals

Supreme Court of India All India Federation of Tax Practitioners v. Union of India Levy of Service Tax on Professionals Article 246, read with article 274, of the Constitution of India - Relations between Union and States - Subject-matter of laws made by Parliament and by Legislature..

Posted in Service Tax