Notification & Circulars

May 08 announcement

it contains dates of may 08 exams PROFESSIONAL EDUCATION– II EXAMINATION [As per syllabus contained in the scheme notified by the Council under Regulation 28-B (5) of the Chartered Accountants Regulations, 1988.] AND PROFESSIONAL COMPETENCE COURSE EXAMINATION (PCE) [As per syllabus cont..

Posted in Exams

No agricultural lands for SEZs

The Centre is contemplating amending the land acquisition law to ensure adequate compensation, both monetary and psychological, to people whose lands are acquired. The government also said no agricultural and irrigated land should be taken for Special Economic Zones. ..

Posted in Community & General

Annul closing of govt.accounts

DGBA.GAD.No.H- 10256/42.01.029/2007-08 Dated: March 25, 2008 Annual Closing of Government Accounts - Transactions of Central/State Governments - Special Measures for the Current Financial Year (2007-08) With a view to facilitating accounting for all the Government transactions of the current fin..

Posted in Community & General

Notification No.38/2008-Cus, Dated : March 24, 2008

In exercise of the powers conferred by sub-section (1) and sub-section (5) of section 9A of the Customs Tariff Act, 1975 (51 of 1975) read with rules 18 and 20 of the Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Ru..

Posted in Custom

31/2008-Customs (N.T.)

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE AND CUSTOMS New Delhi 25 March, 2008 NOTIFICATION No.31/2008..

Posted in Custom

15/2008-Central Excise

[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.15/2008-Central Excise New Delhi, the 17th March, 2008 G.S.R. (E). - In exe..

Posted in Excise

ITAT makes trusts' registration with I-T Dept easier

Making it easier for trusts to register themselves with the Income Tax Department, the tax tribunal has ruled that registration process would be deemed to be complete if the application is not rejected by the concerned official within the stipulated period of six months. The Income Tax Appellate T..

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