CUSTOM NOTIFICATION ABOUT IMPORT OF BUSES AND TRUCKS RADIAL TYRES

Nitin Aggarwal | 3:34 PM | 0 comments
New Delhi, the 28th October, 2010

    G.S.R. 864 (E). – Whereas, in the matter of import of Bus and Truck Radial Tyres, (hereinafter referred to as the subject goods) , falling under item nos. 40112010 (for tyres) and 40131020 and 40129049 (for tubes and flaps respectively)  of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) and originating in, or exported from the People's Republic of China(China PR) and Thailand (hereinafter referred to as the subject countries), the designated authority, vide its final findings in notification No. 14/17/2008-DGAD, dated the 1st January, 2010 published in the Gazette of India, Extraordinary, Part I, Section 1, dated the 1stJanuary, 2010, had come to the conclusion that —

INCOME TAX ISSUED A TAX DEMAND ON VODAFONE

Nitin Aggarwal | 9:35 PM | 0 comments
Income tax department has issued a fresh notification on vodafone company. full notification is as under.

The Income Tax department today issued an order raising a tax demand of
Rs.11,217.95 crore on Vodafone International Holdings BV treating it as an
assessee in default under section 201(1) of the Income Tax Act, 1961 (the Act) for
failure to deduct tax as required under section 195 of the Act before making a
payment of US $ 11,076 million to Hutchinson Telecommunications International
Limited. The tax demand is to be paid within 30 days of the receipt of the notice of
demand.
The tax demand has been raised in pursuance to the direction of Hon’ble
Supreme Court of India dated 27th September 2010 to the Income Tax Assessing
Officer to determine and quantify the tax liability of Vodafone within four weeks.

SERVICE TAX NOTIFICATION 49/10 ABOUT LOTTERY TICKETS

Nitin Aggarwal | 4:08 PM | 0 comments
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]
Government of India
Ministry of Finance
(Department of Revenue)

Notification No. 49/2010 - Service Tax
            New Delhi, the 8th October, 2010

            G.S.R. (E).- In exercise of the powers conferred by sub-sections (1) and (2) of section 94 of the Finance Act, 1994 (32 of 1994) (hereinafter referred to as the said Act), the Central Government hereby makes the following rules further to amend the Service Tax Rules, 1994, namely :-

INDIA SIGNS TAX INFORMATION EXCHANGE AGREEMENT WITH BARMUDA

Nitin Aggarwal | 4:05 PM | 0 comments
No.402/92/2006-MC (43 of 2010)
Government of India / Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
***
New Delhi dated 7th September 2010
India Signs its First TIEA with Bermuda
India and Bermuda signed a Tax Information Exchange Agreement
(TIEA) today. The agreement was signed by Shri S. S. Palanimanickam,
Minister of State for Revenue, on behalf of India and Dr. Ewart Brown,
Premier, on behalf of Bermuda.

CUSTOM TARIFF NOTIFICATION NO. 104/2010

Nitin Aggarwal | 1:30 PM | 0 comments
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRA ORDINARY, PART II, SECTION 3, SUB SECTION (i)]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
NOTIFICATION
No. 104 / 2010- CUSTOMS
New Delhi, dated the 1st October, 2010.
G.S.R. (E) – In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 94/2010 –Customs dated the 15th September, 2010, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 761 (E) dated the 15th September, 2010,

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