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Notification & Circulars


Notification No. 7/2008 Dated 15-1-2008

 

INCOME FROM CW GAMES IS THE SPECIFIED INCOME   NOTIFICATION NO. 7/2008, DATED 15-1-2008 In exercise of the powers conferred by clause (39) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies, (a)         ..

Posted in Income Tax

GOI Notification –Sale (Reissue) of 6.57 % Government Stock’11

 

GOI Notification –Sale (Reissue) of 6.57 % Government Stock’11   GOVERNMENT OF INDIAMINISTRY OF FINANCE(Department of Economic Affairs)(Budget Division) New Delhi, January 18, 2008 NOTIFICATION Auction for Sale (Re-issue) of ’6.57 per cent Government Stock, 2011’Und..

Posted in Shares & Stock

Amendment in Rule 40C -Insertion of Rule 40D

 

Income-tax (Second Amendment) Rules, 2008 – Amendment in rule 40C; insertion of rule 40D   NOTIFICATION NO. 11/2008, DATED 18-1-2008   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..

Posted in Income Tax

NOTIFICATION NO. S.O. 44(E),

 

Section 17 of the Foreign Exchange Management Act, 1999 - Appeal to Special Director (Appeals) – Notified Special Directors NOTIFICATION NO. S.O. 44(E), DATED 8-1-2008   In exercise of the powers conferred by sub-section (1) of section 17 of the Foreign Exchange Management Act, 1999 (42 of..

Posted in Others

DEMATERIALIZED SCRIP CHOSEN FOR TRADING & SETTLEMENT OF TRADE

 

CIRCULAR NO. SEBI/MRD/SE/DEP/CIR- 01/2008, DATED 22-1-2008   1. Please refer to SEBI Circular No.SMDRP/POLICY/CIR-38/2000 dated August 18, 2000 whereby the following scrips (listed subsidiaries of State Bank of India) were excluded from the list of scrips for compulsory demat trading. 1. Sta..

Posted in Others

FBT regarding Sweat Equity Shares

 

FBT arising on allotment or transfer of specified securities or sweat equity shares In terms of the provisions of Chapter XII-H of the Income-tax Act (hereinafter referred to as Act), an employer, being a company, is liable to pay Fringe Benefit Tax (FBT) in respect of the fringe ben..

Posted in Income Tax

Notification of accounting standards by the central governme

 

Notification of accounting standards by the central government under the companies act, 1956. 12:33 IST The Government recognises the importance of financial reporting in providing essential financial information about the company to its shareholders and other stakeholders, a..

Posted in Accounts

INCOME TAX NOTIFICATION NO-45/2008

 

INCOME TAX NOTIFICATION NO-45/2008 In exercise of the powers conferred by Section 295 of the Income-tax read with sub-section (2) of Section 14A of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income Tax Rules, 1962, ..

Posted in Income Tax

amendments to sebi guidelines 2000

 

Amendments to SEBI (Disclosure and Investor Protection) Guidelines, 2000 CIRCULAR NO. SEBI/CFD/DIL/DIP/30/2008/17/03, DATED 17-3-2008   1. In exercise of the powers conferred under sub-section (1) of section 11 of the Securities and Exchange Board of India Act, 1992, it has been decided to..

Posted in Others

Clarrification Regarding TDS on Arrears

 

No. 402/92/2006-MC (46 of 2008) Government of India/ Ministry of Finance Department of Revenue Central Board of Direct Taxes *** New Delhi, the 30th September 2008 PRESS RELEASE Clarification regarding tax deduction at source on arrears of salary paid to government servants on account of i..

Posted in Income Tax