Income Tax Notification & Circulars

Notified NSC Interest with effect from 1-12-2011 -National Saving Certificates (VIII ISSUE) (Second Amendment Rules, 2011 – Amendment in Rules 15 AND 16

Notification No#[F.NO.1/7/2011-NS-II] 25 November 2011

Notified NSC Interest with effect from 1-12-2011 -National Saving Certificates (VIII ISSUE) (Second Amendment Rules, 2011 – Amendment in Rules 15 AND 16 NOTIFICATION [F.NO.1/7/2011-NS-II] DATED 25-11-2011 In exercise of the powers conferred by secti..

Posted in Income Tax

Post office (monthly income account) second amendment rules, 2011 - Amendment in rules 8 and 9

Notification No#[F.NO.1/11/2011-NS-II] 25 November 2011

Post office (monthly income account) second amendment rules, 2011 - Amendment in rules 8 and 9 NOTIFICATION [F.NO.1/11/2011-NS-II] DATED 25-11-2011 In exercise of the powers conferred by section 15 of the Government Savings Banks Act, 1873 (5 of 1873), the Central Go..

Posted in Income Tax

Kisan Vikas Patras - Discontinuance of sale w.e.f. 30-11-2011

Notification No#[F.NO. 1/10/2011-NS-II] 25 November 2011

NOTIFICATION [F.NO. 1/10/2011-NS-II] DATED 25-11-2011 It is notified for general information that the sale of Kisan Vikas Patras shall be discontinued with effect from the close of business on Wednesday, the 30th November, 2011...

Posted in Income Tax

Central Govt notified SAS and MPKBY agents - Rate of Commision for canvassing/securing investments in the small savings schemes

Notification No#F.NO. 1/12/2011-NS-II 25 November 2011

Central Govt notified SAS and MPKBY agents - Rate of Commission for canvassing/securing investments in the small savings schemes NOTIFICATION [F.NO. 1/12/2011-NS-II DATED 25-11-2011 The Central Government hereby notifies that the authorised Standardised Agency System (..

Posted in Income Tax

The Income Tax Department has released a Notification for PAN application

Notification No#INCOME-TAX 17 October 2011

[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 17th day of October, 2011 INCOME-TAX S.O.2394(..

Posted in Income Tax | 6 comments

CBDT has released Circular on Tax deduction at source on the deposits in banks

Notification No#08/2011 14 October 2011

CIRCULAR NO 08/2011 F.No. 275/30/2011- IT (B) Government of India Ministry of Finance Department of Revenue [Central Board of Direct Taxes] New Delhi, the 14th October, 2011 Subject: Tax deduction at source on the deposits in banks in the name of the Registrar/Prothonot..

Posted in Income Tax

Committee to examine ways to strengthen laws to curb generation of black-money in India, its illegal transfer and abroad and its recovery

Notification No#F. NO. 291/15/2011-IT 04 October 2011

OFFICE MEMORANDUM [F. NO. 291/15/2011-IT (INV.I) (PART)], DATED 4-10-2011 It has been decided with the approval of competent authority that the Committee to examine ways to strengthen laws to curb the generation of black-money in India, its illegal transfer abroad and its rec..

Posted in Income Tax

Condition applicable on Council of Scientific & Industrial Research under section 35(1)(ii)

Notification No# 53/2011 [F.NO. 203/73/2010/ITA-II], DATED 30-09-2011 30 September 2011

NOTIFICATION NO. 53/2011 [F.NO. 203/73/2010/ITA-II], DATED 30-09-2011 It is hereby notified for general information that the organization Council of Scientific & Industrial Research (CSIR), New Delhi has been approved by the Central Government for the purpose of clause (ii) of sub-sec..

Posted in Income Tax | 1 comments

Amendment of Procedure for refund of TDS deducted under section 195

Notification No#07/2011 [F.NO. 500/135/2007-FTD-I] 27 September 2011

Amendment of Procedure for refund of TDS deducted under section 195 CIRCULAR NO. 07/2011 [F.NO. 500/135/2007-FTD-I], DATED 27-9-2011 The Board had issued Circular No. 7/2007, dated 23-10-2007 laying down the procedure for refund of tax deducted at source under section 195 o..

Posted in Income Tax | 1 comments

Exemptions - Interest on bonds/debentures - Notified bonds or debentures of public sector companies u/s 10(15) of income tax act, 1961

Notification No#52/2011 [F.NO. 178/56/2011- (ITA-I)] 23 September 2011

SECTION 10(15), ITEM (h) OF SUB-CLAUSE (iv) OF THE INCOME-TAX ACT, 1961 - EXEMPTIONS - INTEREST ON BONDS/DEBENTURES - NOTIFIED BONDS OR DEBENTURES OF PUBLIC SECTOR COMPANIES NOTIFICATION NO. 52/2011 [F.NO. 178/56/2011- (ITA-I)], DATED 23-9-2011 In exercise of the powers conferred by item (h)..

Posted in Income Tax