Notification & Circulars

Instructions regarding Large Taxpayer Unit

Instructions regarding Large Taxpayer Unit Circular No. 878/16 /2008-CX, dated 21-11- 2008 I am directed to invite your attention to para VI of the Board’s Circular No. 834/11/2006-CX dated 05.10.2006 wherein the large taxpayers were requested to opt for e-payment of taxes.&n..

Posted in Service Tax

Definition of ‘Charitable purpose’

Circular No. 11/2008 F. No.134/34/..

Posted in Income Tax

Raising of Short Term foreign currency Borrowings

RBI 2008-09/329 DNBS. PD. CC . No. /132/22.10.72/ 2008-09 December 23, 2008 All Non-deposit taking NBFCs with assets size of Rs. 100 crore and above Dear Sir, Raising of..

Posted in Community & General

SERVICE TAX ISSUES RELATING TO UNITS IN SEZ - REG.

ERVICE TAX ISSUES RELATING TO UNITS IN SEZ - REG. CIRCULAR NO. 105/08/2008, DATED 16-9-2008 It has been observed that there has been lack of clarity in the field formations administering service tax as regards the applicability of service tax levy on units located in Special E..

Posted in Service Tax

Internal Audit for stock brokers/clearing members

DEPUTY GENERAL MANAGER MARKET INTERMEDIARIES REGULATION & SUPERVISION DEPARTMENT DIVISION OF POLICY AND SUPERVISION - III Tel: 26449261, Fax: 26449021 Email: manojk@sebi.gov.in MIRSD/ DPSIII/ Cir-26/ 08 August 22, 2008 The Managing Director / Executive Director of all Stock Exchanges ..

Posted in Audit

NOTIFICATION NO. 94/2008, DATED 1-10-2008

SECTION 35(1)(II) OF THE INCOME-TAX ACT, 1961 - SCIENTIFIC RESEARCH EXPENDITURE - APPROVED SCIENTIFIC RESEARCH ASSOCIATIONS/INSTITUTIONS NOTIFICATION NO. 94/2008, DATED 1-10-2008 It is hereby notified for general information that the organization Kasturba Health Society, Distt. Wardha, Mahara..

Posted in Income Tax

VAT for Tamil Nadu Dealers

Issue of Clarifications to the Dealers under TNVAT Act CIRCULAR NO:23/VAT, Dated: 29/09/2008 Under the TNGST Act, clarifications were issued by the Commissioner of Commercial Taxes under Section 28-A of the Act. Though, there is no similar statutory provision under TNVAT Act, to r..

Posted in VAT | 1 comments

CIRCULAR NO. SEBI/IMD/FII & C/31/2008, DATED 7-10-08

REMOVAL OF RESTRICTIONS ON PNs (ODIs) CIRCULAR NO. SEBI/IMD/FII & C/31/2008, DATED 7-10-08 1. Please refer to the SEBI press release dated October 06, 2008, on the decisions taken by the SEBI Board pertaining to removal of restrictions on PNs. 2. In this respect it is informed that the ..

Posted in Investments & Personal Finance

CIRCULAR NO.013/IRDA/ATI/CIR/OCT 2008, DATED 6-10-08

ACCREDITATION AND RENEWAL OF ACCREDITATION OF AGENTS TRAINING INSTITUTIONS. CIRCULAR NO.013/IRDA/ATI/CIR/OCT 2008, DATED 6-10-08 1. In terms of powers vested with me, I am issuing this circular with regard to the above subject. 2. This circular applies only to o..

Posted in Community & General

FEMA - ADVANCE REMITTANCES FOR IMPORT OF SERVICES

FOREIGN EXCHANGE MANAGEMENT ACT, 1999 - ADVANCE REMITTANCES FOR IMPORT OF SERVICES A.P.(DIR SERIES) CIRCULAR NO. 15, DATED 8-9-2008 Attention of all Authorized Dealer Category – I (AD Category – I) banks is invited to paragraph 3 of A. P.(DIR Series) Circular No.65 dated January 6, 2003,..

Posted in Community & General