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..
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..
MODIFICATION OF CIRCULAR in respect of renting of immovable property service and works contract service CIRCULAR NO. 98/1/2008-ST, DATED 4-1-2008 In the Circular No. 96/7/2007-ST dated the 23rd August, 2007,- (i) after Reference Code 086.05 / 23.08.07, the following Reference Code..
Section 35(1)(iii) of the Income-tax Act, 1961 - Scientific research expenditure - Approved social science or statistical research associations or institutions NOTIFICATION NO. 1/2008, DATED 2-1-2008 It is hereby notified for general information that the organization Kripa Foundation, Mu..
Compulsory scrutiny of returns involving refund of Rs. 5 lakhs or above - problem in selection INSTRUCTION NO. 1/2008, DATED 9-1-2008 Kindly refer to above. 2. Your attention is drawn to the guidelines for selection of cases under scrutiny for the F. Y. 2007-08 under which claim of refu..
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) ..
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..
F.No. 275/6/2008-IT(B) Government of India Ministry of Finance Department of Revenue Central Board of Direct Tax ***** New Delhi dated 28th January 2008 Subject :- Order under section 119(2)(a) of the Income –Tax Act, 1961 regarding extension of time for filing of Tax Ded..
[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 8th January, 2008. INCOME-TAX S.O.50(E) .–In exercise of..
Section 10(15)(vii) of the Income-tax Act, 1961 - Exemptions - Interest on bonds issued by local authorities - Notified bonds NOTIFICATION NO. 6/2008, DATED 14-1-2008 In exercise of the powers conferred by sub-clause (vii) of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 196..
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