Notification & Circulars

DGFT - NOTIFICATION No. 35 (RE-2007) / 2004-2009

TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY PART II,SECTION—3, SUB SECTION (ii) GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND INDUSTRY DEPARTMENT OF COMMERCE NOTIFICATION No. 35 (RE-2007) / 2004-2009 NEW DELHI, DATED 8th October, 2007 S.O. (E) - In exercise of powers conf..

Posted in Custom

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

NOTIFICATION NO. 203 OF 2007, DT. 1ST JUNE, 2007

TDS SECTION 194A(3), In exercise of the powers conferred by sub-clause (c) of clause (i) of sub-section (3) of section 194A of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the Senior Citizens Savings Scheme, 2004, published vide G.S.R. number 490(E) dated 2nd A..

Posted in Income Tax

INVITATION TO THE MEMBERS OF THE INSTITUTE TO BE A PART OF THE CFO (CORPORATE ACCOUNTANTS) GUILD

It is being witnessed over the years that the Members in Industry do get alienated from the mainstream of the profession owing to their commitments. Of late, the trend is that more members are opting to serve in Industry thereby increasing the numbers substantially. Opposing professional interest in..

Posted in Community & General

CIRCULAR NO. 6/2007, DATED 11-10-2007

Allowability of harvesting and transportation expenses in the cases of Co-operative sugar mills CIRCULAR NO. 6/2007, DATED 11-10-2007 Instances have come to the notice of the Board wherein Assessing Officers have disallowed the claim of harvesting and transportation expenses incurred by the..

Posted in Community & General

Correct PAN-Taxpayers liable to TDS/TCS

Press Information Bureau Government of India Tuesday, September 25, 2007 Ministry of Finance TAXPAYERS LIABLE TO TDS / TCS ARE ADVISED TO FURNISH THEIR CORRECT PAN WITH THEIR DEDUCTORS 15:19 IST All tax deductors / collectors are required to file the TDS / TCS returns in Form No.24Q ..

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

DGFT - NOTIFICATION NO. 33 (RE-2007)/2004-2009

(TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY PART II SECTION 3, SUB SEDCTION (ii)) GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY DEPARTMENT OF COMMERCE NOTIFICATION NO. 33 (RE-2007)/2004-2009 NEW DELHI, THE 8th OCTOBER, 2007 S.O.(E) In exercise of the po..

Posted in Custom

DGFT - PART II SEC 3, SUB SEC(ii)

(TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY PART II SECTION 3, SUB SECTION (ii)) GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY DEPARTMENT OF COMMERCE NOTIFICATION NO. 34 (RE-2007)/2004-2009 NEW DELHI, THE 8th OCTOBER, 2007 S.O.(E) In exercise of the powers conf..

Posted in Custom