Notification & Circulars

SECTION 80-IC

SECTION 80-IC (2)(A) OF THE INCOME-TAX ACT 1961 – DEDUCTION – SPECIAL PROVISION IN RESPECT OF CERTAIN UNDERTAKINGS OR ENTERPRISES IN CERTAIN SPECIAL CATEGORY STATES – NOTIFIED INDUSTRIAL AREAS – AMENDMENTS IN NOTIFICATION NO. S.O. 1269(E), DATED 4-11-2003 NOTIFICATION NO. 89/2008/F. NO. 142/24..

Posted in Income Tax

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

Reclassification of NBFCs

RECLASSIFICATION OF NBFCS CIRCULAR NO. DNBS.PD. CC NO. 128 / 03.02.059 /2008-09, DATED 15-9-2008 Please refer to Company Circular DNBS.PD. CC No. 85 / 03.02.089 /2006-07 dated December 06, 2006 on the captioned subject. It was advised therein that NBFCs financing real / phy..

Posted in Community & General

CPT pencil mode exam on 14th

The Common Proficiency Test (CPT) Paper-Pencil mode Examination will be held on 14 December, 2008 in accordance with the revised scheme of education, training and examination of the Chartered Accountancy Course. It is a 4 hours duration test comprising of two sessions of 2 hours ea..

Posted in Community & General

CIRCULAR NO. 23, DATED 15-10-2008

OVERSEAS FOREIGN CURRENCY BORROWINGS BY AUTHORISED DEALER BANKS - ENHANCEMENT OF LIMIT A. P. (DIR SERIES) CIRCULAR NO. 23, DATED 15-10-2008 Attention of Authorised Dealer Category - I (AD Category - I) banks is invited to A. P. (DIR Series) Circular No. 81 dated March 24, 2004, in terms o..

Posted in Community & General

Notification No. 108/ 2008-Customs DATED 16.10.2008

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] &..

Posted in Custom

CIRCULAR NO. SEBI/DNPD/CIR-42 /2008, DATED 20-10-2008

REVISED EXPOSURE MARGIN FOR EXCHANGE TRADED EQUITY DERIVATIVES This is in partial modification of SEBI Circular No. SEBI/DNPD/Cir-41/2008 dated October 15, 2008 which, inter-alia, specified that the revised exposure margin for gross open position in single stock futures and gross short open ..

Posted in Community & General

Sebi Circular21 Oct 08 Internal Audit for stock brokers

Sub: Internal Audit for stock brokers/trading members/clearing members In partial modification of SEBI circular No. MIRSD/ DPSIII/ Cir-26/ 08 dated August 22, 2008 on the above subject, it has now been decided that stock brokers/trading members/clearing members shall carry out complete in..

Posted in Audit

NOTIFICATION NO.99/2008 [F.No. 142/18/2008-TPL], DT 22.10.08

In exercise of the powers conferred by section 295 read with clause (xii) of sub-section (5) of section 11 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 namely :— 1. (1) These rules..

Posted in Income Tax

CIRCULAR NO. SEBI/CFD/DIL/CG/2/2008/23/10, DATED 23-10-2008

I. SEBI vide circular SEBI/CFD/DIL/CG/1/2008/08/04 dated April 08, 2008 amended Clause 49 of the Equity Listing Agreement inter-alia including a provision stating that if the non-executive Chairman is a promoter or is related to promoters or persons occupying management positions at the board level ..

Posted in Community & General