INCOME-TAX (FOURTEENTH AMENDMENT) RULES, 2007 AMENDMENT IN RULE 3 – VALUATION OF PERQUISITES NOTIFICATION NO. 271/2007, DATED 7-11-2007 In exercise of the powers conferred by section 295 read with sub-section (2) of section 17 of the Income-tax Act, 1961 (43 …
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CBDT Circular for refund of TDS under section 195.
CIRCULAR NO. 7/2007 DATED 23-10-2007 Procedure for refund of tax deducted at source under section 195 to the person deducting the tax The Board had issued Circular No. 790 dated 20th April, 2000, laying down the procedure for refund of …
CBDT Circular for refund of TDS under section 195. Read More »
Fringe Benefit Tax – ESOP – Valuation Norms
NOTIFICATION NO. 264/2007, DATED 23-10-2007 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, 1961 (43 of 1961), read with section 22 of …
International Taxation Bench of ITAT
Income Tax Appellate Tribunal, Mumbai Benches, Mumbai Notice 18th September 2007 It has been decided to transfer all the appeals concerning International Taxation, Double Taxation Avoidance Agreement & Transfer Pricing to “L” Bench. All the Benches, in the light of …
All-india details of the Hon’ble Members of the ITAT
All – India details (as on 14th September 2007) of the residential address and telephone numbers of the Hon’ble Members and officers of the Income Tax Appellate Tribunal is available here. If you would like to download a PDF copy, …
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‘Sevottam’ Scheme (Taxpayer Service Centre)
‘Sevottam’ Scheme (Taxpayer Service Centre) Government of India Office of the Chief Commissioner of Income Tax 3rd Floor, Aayakar Bhavan, Maharshi Karve Road, Mumbai – 400 020. No. : ccit/mum/admn./Sevottam/2007-08 Date : 10/09/2007 O R D E R Counter No. …
Revision of Schedule of fees payable to Standing Counsels for the Income-tax Department
Instruction No 8/2007, Dated: August 30, 2007 Subject:- Revision of Schedule of fees payable to Standing Counsels for the Income-tax Department before various High Courts – Appointment of Counsels – Guidelines regarding. 1. The President is pleased to sanction revised …
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Revision in Monetary Limits for filing Departmental Appeals before the Appellate Authorities
Revision of monetary limits for filing appeals by the department before various appellate bodies or appellate authorities Instruction No. 5 dated 16-7-2007 Reference is invited to Board’s Instruction No. 02/2005, dated 24-10-2005 wherein monetary limits for filing appeals before …
Distinction between shares held as stock-in-trade and shares held as investment – tests for such a distinction
INCOME TAX CIRCULAR NO. 4/2007, DATED 15-6-2007 The Income Tax Act, 1961 makes a distinction between a capital asset and a trading asset. 2. Capital asset is defined in Section 2(14) of the Act. Long-term capital assets and gains …
Guidelines for Stay Petitions filed before the Income Tax Appellate Tribunal
INCOME TAX APPELLATE TRIBUNAL, MUMBAI BENCHES, MUMBAI Guidelines for the Stay Petitions filed before the Income Tax Appellate Tribunal The guidelines were framed at the meeting held on 3rd April 2007. Present in the meeting: Shri G.E.Veerabhadrappa (VP) Shri K.P.T.Thangal …
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