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Income Tax Notification & Circulars


Notification for FBT on ESOPS

 

NOTIFICATION NO. 264/2007, DATED 23-10-2007 In exercise of the powers conferred by section 295 read with Explanation (i) to clause (ba) of sub-section (1) of section 115WC of the Income-tax Act, 1961 (43 of 1961), read with section 22 of the General Clauses Act, 1897 (10 of 1897), the Central B..

Posted in Income Tax

TDS refund

 

INCOME TAX CIRCULAR NO. 7/2007 DATED 23-10-2007.Subject: Procedure for refund of tax deducted at source under section 195 to the person deducting the tax – section 239 of the Income Tax 1961 – Refunds.   The Board had issued Circular No. 790 dated 20th April, 2000, laying down the pro..

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VALUATION OF PERQUISITES ::

 

INCOME-TAX (FOURTEENTH AMENDMENT) RULES, 2007-AMENDMENT IN RULE 3 – VALUATION OF PERQUISITES    NOTIFICATION NO. 271/2007, DATED 7-11-2007  In exercise of the powers conferred by section 295 read with sub-section (2) of section 17 of the Income-tax Act, ..

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NOTIFICATION NO. 270/2007, DATED 7-11-2007

 

INCOME-TAX (THIRTEENTH AMENDMENT) RULES, 2007AMENDMENT IN RULE 2BB   NOTIFICATION NO. 270/2007, DATED 7-11-2007   In exercise of the powers conferred by section 295 read with sub-clause (ii) of clause (14) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Dir..

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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..

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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..

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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..

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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..

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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..

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Notification No 282/2007 Sec 90 DTAA

 

Section 90 of Income-tax Act Section 90 of the Income-tax Act, 1961 - Double taxation agreement - Agreement for Avoidance of Double Taxation and Prevention of Fiscal Evasion with Foreign Countries - With Government of the United Arab Emirates Notification No. 282/2007 - FTD [F. No. 503/5/2004-FT..

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