Notification & Circulars

Notification No. 45/2007

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIAMINISTRY OF FINANCE(DEPARTMENT OF REVENUE) Notification No. 45/2007 – Service Tax New Delhi, the 28th December, 20077 Pausa, 1929 (Saka) G.S.R. (E).- In exercise of the powers co..

Posted in Service Tax

Modification of Circular in respect of renting of immovable property service and works contract service

MODIFICATION OF CIRCULAR in respect of renting of immovable property service and works contract service CIRCULAR NO. 98/1/2008-ST, DATED 4-1-2008 In the Circular No. 96/7/2007-ST dated the 23rd August, 2007,- (i) after Reference Code 086.05 / 23.08.07, the following Reference Code..

Posted in Income Tax

Introduction of Index options with longer tenure

Introduction of Index options with longer tenure CIRCULAR NO. SEBI/DNPD/CIR-34/2008, DATED 11-1-2008 1. The SEBI Derivatives Market Review Committee (DMRC) headed by Professor M. Rammohan Rao, recommended the introduction of new derivative products in the Indian market, with option contr..

Posted in Community & General

Section 35(1)(iii) of the Income-tax Act, 1961 - Scientific research expenditure - Approved social science or statistical research associations or institutions

Section 35(1)(iii) of the Income-tax Act, 1961 - Scientific research expenditure - Approved social science or statistical research associations or institutions NOTIFICATION NO. 1/2008, DATED 2-1-2008 It is hereby notified for general information that the organization Kripa Foundation, Mu..

Posted in Income Tax

Section 17 of the Foreign Exchange Management Act, 1999 - Appeal to Special Director (Appeals) – Notified Special Directors

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 Community & General

Foreign Exchange Management (Permissible Capital Account Transactions) (Amendment) Regulations, 2007

Foreign Exchange Management (Permissible Capital Account Transactions) (Amendment) Regulations, 2007 NOTIFICATION NO. G.S.R. 14(E), DATED 10-10-2007 In exercise of the powers conferred by sub-section (2) of section 6 and sub-section (2) of section 47 of the Foreign Exchange Management Act, 1999 ..

Posted in Community & General

Foreign Exchange Management (Transfer or Issue of Any Foreign Security) (Amendment) Regulations, 2007

Foreign Exchange Management (Transfer or Issue of Any Foreign Security) (Amendment) Regulations, 2007 NOTIFICATION NO. G.S.R. 13(E), DATED 9-10-2007 In exercise of the powers conferred by clause (a) of sub-section (3) of section 6 and sub-section (2) of section 47 of the Foreign Exchange..

Posted in Community & General

Compulsory scrutiny of returns involving refund of Rs. 5 lakhs or above - problem in selection INSTRUCTION NO. 1/2008, DATED 9-1-2008

Compulsory scrutiny of returns involving refund of Rs. 5 lakhs or above - problem in selection INSTRUCTION NO. 1/2008, DATED 9-1-2008 Kindly refer to above. 2. Your attention is drawn to the guidelines for selection of cases under scrutiny for the F. Y. 2007-08 under which claim of refu..

Posted in Income Tax

Exchange Earner's Foreign Currency (EEFC) Account- Liberalisation

Exchange Earner's Foreign Currency (EEFC) Account-Liberalisation A. P. (DIR SERIES) CIRCULAR NO. 13, DATED 6-10-2007 Attention of Authorised Dealer Category - I (AD Category - I) banks is invited to Regulation 4 of Foreign Exchange Management (Foreign Currency Accounts by a person resident in In..

Posted in Community & General

Uploading of Returns & 44AB Audit Reports ::

Uploading of Returns & 44AB Audit Reports The report of audit under section 44AB is not to be attached with the return. It should not be furnished separately also before or after the due date. However, an assessee should get the report of audit from an accountant under said sect..

Posted in Audit