Income Tax Notification & Circulars
CORRIGENDUM TO NOTIFICATION NO. S.O. 1484(E) – INCOME-TAX (NINTH AMENDMENT) RULES, 2007
NOTIFICATION NO. 242/2007, DATED 14-9-2007 In the Notification vide S.O 1484 (E), published in the Gazette of India, Extraordinary, Part-II, section 3, sub-section (ii) on 30th of August, 2007- (I) In clause 1, in sub-clause (1), instead ..
Income-tax (Ninth Amendment) Rules, 2007::
Income-tax (Ninth Amendment) Rules, 2007 NOTIFICATION No. 238/2007, dated 30-8-2007 In exercise of the powers conferred by section 295 read with sub-section (3) of section 200 and proviso to sub-section (3) of section 206C of the Income-tax Act, 1961 (43 of 1961), the Central Board of Dire..
NABARD BONDS--Eligible u/s 80 C ::
NABARD BONDS: INCULUDED IN 80 C Section 80C (2)(xxii) of the Income-tax Act, 1961 - Deduction in respect of subscription to bonds (NOTIFICATION NO. 293/2007, DATED 31-12-2007) In exercise of the powers conferred by clause (xxii) of sub-section (2) of section 80C of the Income-tax Act, 19..
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, ..
Business Expenditure
Jt. C.I.T. Vs. Mukund Ltd. 02/15/2007 [2007] 291 ITR 249 (MUMBAI)[SB] Case Fact: Whether Non-refundable `Premium` paid for obtaining land on lease of 99 years at the annual rent of Re. 1 for factory use in industrial area to State Development Corporation is advance rent? Decision: Held by the Hon`bl..
Amendments to Rule 6DD!
INCOME-TAX (EIGHTH AMENDMENT) RULES, 2007 NOTIFICATION NO. 208/2007, dated 27-6-2007 In exercise of the powers conferred by section 295, read with proviso to sub-section (3) of section 40A of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rule..
Income-Tax (Eleventh Amendment) Rules 2007-Insertion of Rule 117C ::
Income-Tax (Eleventh Amendment) Rules 2007-Insertion of Rule 117C16 October 07 NOTIFICATION NO. 262/2007, DATED 16-10-2007 In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the fol..
CIRCULAR NO. 7/2008, DATED 1-8-2008, Order under section 119
Order under section 119(1) of the Income-tax Act, 1961 regarding exemption from the TDS provisions under section 197 read in conjunction with section 10(26BBB) of Income-tax Act, 1961 CIRCULAR NO. 7/2008, DATED 1-8-2008 In exercise of the powers conferred under sub-section (1) of section 11..
CBDT Instruction No. 11/2008
CBDT Instruction No. 11/2008, Dated: September 5, 2008Processing of Returns – Clearance of backlog – CBDT instructionsBoard is concerned that a large number of IT returns are pending for processing and has issued the following instructions:-(1) All pending returns for A.Y. 2007-08 involving refund c..
Sec.35D
NOTIFICATION NO. 236/2007, DATED 24-8-2007It is hereby notified for general information that the organizationEngineers India Limited, New Delhi has been approved by the CentralGovernment for the purpose of clause (a) of sub-section (2) of section35D of the Income-tax Act, 1961, for the period from 8..
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