<DIRECT TAX LAWS>
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Processing of returns of A.Y. 2008-09 - Steps
to clear the backlog - Instruction No. 1/2010, dated 25-2-2010
n
Notifications under section 35(1)(ii) - Public
Health Foundation of India/Petroleum Conservation Research Association
notified - Notification No. 13 & 14/2010, dated 5-3-2010
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CBDT clarifies that Explanation to 194A is not
meant to apply in cases of banks where credit is made to provisioning
account on daily/monthly basis for the purposes of macro monitoring
only by the use of CBS software - It is clarified that since no
constructive credit to the depositor’s / payee’s account takes
place while calculating interest on time deposits on daily or monthly
basis in the CBS software used by banks, tax need not be deducted at
source on such provisioning of interest by banks for the purposes of
macro monitoring only - Circular No. 03/2010, dated
2-3-2010
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Notification under
section 35(1)(ii)/(iii) - Asian Health Care Foundation/Mahila Mandal
Barmer Agor notified - Notification Nos. 11 & 12/2010, both
dated 24-2-2010
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Section 144C of
the Income-tax Act, 1961 - Reference to Dispute Resolution Panel - Order
No. 2/FT&TR/2010, dated 17-2-2010
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Section 10(23C)(vi) of the Income-tax Act,
1961 - Exemptions - University or other educational society solely for
educational purposes - Notified university or educational institution
- SRM Institute of Science & Technology, Chennai notified under
section 10(23C)(vi) - Notification No. S.O. 3323, dated 26-10-2009
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Section 10(23C)(vi) of the Income-tax Act,
1961 - Exemptions - University or other educational society solely for
educational purposes - Notified university or educational institution
- Rose Land Public School Society, Jaipur notified under section
10(23C)(vi) - Notification No. S. O. 3182, dated 21-10-2009
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Section 10(23C)(v) of the Income-tax Act, 1961
- Exemptions - Charitable/religious trusts - Notified public religious
and charitable trust or institution - Sri Sachiyay Mataji Trust, Osian,
notified under section 10(23C)(v) - Notification No. S.O. 3070,
dated 21-10-2009
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Section 10(23C)(vi) of the Income-tax Act,
1961 - Exemptions - University or other educational society solely for
educational purposes - Notified university or educational institution
- Bagaria Education Trust, Jagatpura Jaipur notified under section
10(23C)(vi) - Notification No. S.O. 3183, dated 19-11-2009
n
Income-tax (First Amendment) Rules, 2010 - Notification
No. 9/2010/F.No. 142/27/2009-SO(TPL), dated 18-2-2010
n
Clarification regarding deduction in respect
of contribution to pension scheme under section 80CCD of the
Income-tax Act, 1961 - Circular F.NO. 275/192/2009-IT (B), dated
9-2-2010
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Section 10(23C)(iv) of the Income-tax Act,
1961 – Exemptions charitable funds/institutions – Notified fund or
charitable institution - Notification No. S.O. 2692, dated
23-9-2009
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Section 2(48) of the Income-tax Act, 1961 -
Zero Coupon Bond - Specified bond - Notification No. 08/2010/F.
No.164/03/2008-ITA.I, dated 3-2-2010
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Section 10(15)(iv)(h) of the Income-tax Act,
1961 - Exemption - Interest on bonds/debentures - Notified bonds or
debentures of public sector companies - Notification No. 07/2010
[F.No.178/126/2009-ITA.I], dated 3-2-2010
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Section 192 of the Income-tax Act, 1961 –
Deduction of tax at source – Salary – Income-tax deduction from
salaries during the financial year 2009-10 – Corrigendum to Circular
No. 1/2010, dated 11-1-2010 - Notification F. No.
275/192/2009-IT(B), dated 20-1-2010
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Section 35(1)(ii) of the Income-Tax Act, 1961
- Scientific research expenditure - Approved scientific research
associations/institutions - Notification No.06 /2010
(F.No.203/87/2009/ITA-II), dated 28-2010
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Section 35(1)(iii) of the Income-Tax Act, 1961
- Scientific research expenditure - Approved social or statistical
research association or institutions - Notification No. 5/2010
(F.No.203/75/2009/ITA-II), dated 28-1-2010
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Section 35(1)(ii) of the Income-Tax Act, 1961
- Scientific research expenditure - Approved scientific research
association/institutions - Notification No.4/2010
(F.No.203/64/2009/ITA-II), dated 28-1-2010
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Section 115WM of the Income-tax Act, 1961 -
Income-tax on fringe benefits - Chapter XII-H not to apply after a
certain date - Adjustment of advance tax in respect of fringe benefits
for assessment year 2010-11 against advance tax - Circular No.
2/2010, dated 29-1-2010
n
Date For Filing ITR-V Form Extended - Press
Release, dated 27-1-2010
n
Revised DTAA with Finland signed - CBDT
Press Release No. 402/92/2006-MC (03 of 2010), dated 15-1-2010
n
Section 192 of the
Income-tax Act, 1961 - Deduction of tax at source - Salaries -
Income-tax deduction from salaries under section 192 during the
Financial Year 2009-2010 - Circular No. 1/2010
[F.No.275/192/2009IT(B)], dated 11-1-2010
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Section 80G of the
Income-tax Act, 1961 – Deductions – Donations to certain funds,
charitable institutions, etc. – Amendment in Notification No. S.O.
1246(E), dated 29-11-2002 - Notification No. 3/2010
[F.NO.149/64/2009-SO(TPL)], dated 12-1-2010
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Corrigendum to
Income-tax (Thirteenth Amendment) Rules, 2009 - Notification No.
2/2010 [F.NO.142/25/2009-SO(TPL)], dated 12-1-2010
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Section 194A of
the Income-tax Act, 1961- Deduction of tax at source - Interest other
than interest on securities - Notified institution - Notification
No. 1/2010 [F.NO. 275/12/2009-IT(B)], dated 4-1-2010
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Section 35(1)(ii)
of the Income-tax Act, 1961 – Scientific research expenditure-
Approved research associations/institutions – Approval of
Thiagarajar College of Engineering, Madurai as an organization for
purpose of section 35(1)(ii) - Notification No. 100/2009, [F.NO.
203/92/2009/ITA-II), dated 30-12-2009
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Section 35(1)(iii)
of the Income-tax Act, 1961 – Scientific research expenditure –
Approved social science or statistical research or associations or
institutions – Approval of Giri Institute of Development Studies,
Lucknow as an organization for purpose of section 35(1)(iii) - Notification
No. 99/2009, [F.NO. 203/81/2009/ITA.II), dated 30-12-2009
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Section 35(1)(iii)
of the Income-tax Act, 1961 – Scientific research expenditure –
Approved social science or statistical research or associations or
institutions – Approval of Madras School of Economics, Chennai as an
organization for purpose of section 35(1)(iii) - Notification No.
98/2009, [F.NO. 203/56/2009/ITA.II), dated 30-12-2009
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Section 35(1)(iii)
of the Income-tax Act, 1961 – Scientific research expenditure –
Approved social science or statistical research or associations or
institutions – Approval of Mother’s Service Society, Puducherry as
an organization for purpose of section 35(1)(iii) - Notification
No. 97/2009, [F.NO. 203/49/2009/ITA.II), dated 30-12-2009
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Section 35(1)(ii)
of the Income-tax Act, 1961 – Scientific research expenditure-
Approved research associations/institutions – Approval of The
Institute of Road Transport, Chennai as an organization for purpose of
section 35(1)(ii) - Notification No. 96/2009, [F.NO. 203/24/2009/ITA-II),
dated 30-12-2009
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Section 35(1)(ii)
of the Income-tax Act, 1961 – Scientific research expenditure-
Approved research associations/institutions – Approval of Diabetic
Association of India, Mumbai as an organization for purpose of section
35(1)(ii) - Notification No. 95/2009, [F.No. 203/17/2009/ITA-II),
dated 30-12-2009
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Section 194H of
the Income-tax Act, 1961 - Deduction of tax at source - Commission or
brokerage etc. - Tax deduction at source on commission/supplementary
commission received by travel agents from airlines - Letter F.No.
275/70/2009-IT(B), dated 22-12-2009
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Section 197 of the
Income-tax Act, 1961 - Deduction of tax at source - Certificate of
lower deduction or non-deduction of tax at source - Instruction No.
7/2009 [F.No. 275/23/2007-IT-(B)], dated 22-12-2009
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Section 144A of
the Income-tax Act, 1961 - Power of Joint Commissioner to issue
directions in certain cases - Scheme for improving quality of
assessments - Instruction No. 6/2009 [F.NO. 225/11/2006/ITA.II],
dated 18-12-2009
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Income-tax
(Thirteenth Amendment) Rules, 2009 - Substitution of rule 3 and
insertion of rule 40F - Notification No. 94/2009/F.NO.
142/25/2009-SO (TPL), dated 18-12-2009
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Section 10(39) of
the Income-tax Act, 1961 - International sporting event held in India
to specified persons, income arising from any - Notified persons,
notified sporting events and specified income - Notification No.
91/2009/F.No.200/09/2009-ITA.I, dated 8-12-2009
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Section 120(1) and
(2) of the Income-tax Act, 1961 - Income-tax authorities -
Jurisdiction of - Amendment in Notification No. S.O. 732(E), dated
3-7-2001 - Notification No. 92/2009/F.No.187/02/2009-ITA.I, dated
8-12-2009
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Section 90A of the
Income-tax Act, 1961 - Double Taxation Agreement - In case of
agreements entered into between specified associations and adopted by
Central Government for granting relief - Specified territory and
specified association - Notification No. 93/2009-FTD-II
[F.No.500/2/2001-FTD-II], dated 9-12-2009
n
Order regarding
Nomination of Members to the Dispute Resolution Panel (DRP) - Order
No. 173/2009, dated 30-11-2009
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Clarification
regarding remittances to non-residents under section 195 of the
Income-tax Act - Remittances of Consular receipts - Circular No.
9/2009, dated 30-11-2009
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Gandhi Memorial
Leprosy Foundation, Wardha approved as an institution for purpose of
section 35(1)(ii) of IT Act, 1961 - Notification No. 85/2009, dated
26-11-2009
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The Foundation for
Research in Community Health, Mumbai approved as an institution for
the purpose of section 35(1)(ii) of IT Act, 1961 - Notification No.
86/2009, dated 26-11-2009
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Integrated
Research and Action for Development (IRADe), New Delhi approved as an
institution for purpose of section 35(1)(iii) of IT Act, 1961 - Notification
No. 87/2009, dated 26-11-2009
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Noorul Islam Educational Trust, Kanyakumari
approved as an institution for purpose of section 35(1)(ii) of IT Act,
1961 - Notification No. 88/2009, dated 26-11-2009
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Great Lakes Institute of Management, Chennai
approved as an institution for purpose section 35(1)(iii) of IT Act,
1961 - Notification No. 89/2009, dated 26-11-2009
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Institute of Scientific Research on Vedas
(I-SERVE), Hyderabad approved as an institution for purpose of section
35(1)(ii) of IT Act, 1961 - Notification No. 90/2009, dated
26-11-2009
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Applicability of provisions under Section 194J
of Income Tax Act, 1961 in the case of transactions by the Third Party
Administrators (TPAs) with Hospitals etc. - Circular No. 8/2009,
dated 24-11-2009
n
Income-tax (Dispute Resolution Panel) Rules,
2009 issued - Notification No. 84/2009[S.O. 2958(E)/F.No.
142/22/2009-TPL], dated 20-11-2009
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Section 35(1)(ii) of the Income-tax Act, 1961
- Scientific research expenditure - Approved scientific research
associations/institutions - Notification No. 83/2009, dated
13-11-2009
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Section 132 of the Income-tax Act, 1961 –
Search and seizure – Empowerment of authorities to - Notification
No. 82/2009/F.NO.142/23/2009-SO(TPL)(Pt.), dated 11-11-2009
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Section 90 of the Income-tax Act, 1961 -
Double taxation agreement - Agreement for Avoidance of Double Taxation
and Prevention of Fiscal Evasion with Foreign Countries - With the
Government of Republic of Montenegro - Notification No. 4/2009 [F.NO.
503/1/1997-FTD-1]/S.O. 96(E), dated 7-1-2009
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Master Circular - Collection of Direct Taxes -
OLTAS - Circular No. DGBA.GAD.No. H-2/42.01.034/2009-10, dated
1-7-2009
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Master Circular on Nomination facility in
Relief/Savings Bonds - Circular No. DGBA.CDD No.
H16/13.01.299/2009-10, dated 1-7-2009
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Master Circular on Appointment & delisting
of Brokers and Payment of Brokerage on Relief/Savings Bonds - Circular
No. DGBA.CDD No. H 23/13.01.299/2009-10, dated 1-7-2009
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Section 35AC, read with Explanation (b)
thereto, of the Income-tax Act, 1961 - Eligible projects or schemes,
expenditure on - Notified eligible projects or schemes - Amendment in
Notification No. S.O. 244(E), dated 21-1-2009 - Corrigendum
Notification No. 112/2009/F. NO. 270/6/1999-NC / S.O. 2715(E), dated
28-10-2009
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Section 35AC,
sub-section (1) read with Explanation (b) thereto, of the Income-tax
Act, 1961 - Eligible projects or schemes, expenditure on - Notified
eligible projects or schemes - Amendment in Notification No. S.O.
399(E), dated 6-6-1996 - Notification No. 110/2009 / F. NO.
NC-274/12/2009/ S.O. 2717(E), dated 28-10-2009
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Section 10(6C) of the Income-tax Act, 1961 -
Income arising to foreign company by way of fees for technical
services - Notified companies - Notification No. 81/2009, dated
27-10-2009
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Section 80-IA of the Income-tax Act, 1961 -
Deductions - Profits and gains from industrial undertakings, etc, -
Notified undertakings - Amendment in Notification No. S.O. 3458, dated
2-9-2006 - Notification No. 80/2009, dated 27-10-2009
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Section 35(1)(ii) of the Income-tax Act, 1961
- Scientific research expenditure - Approved scientific research
associations/institutions - Notification No. 79/2009, dated,
26-10-2009
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Section 35AC, read with Explanation (b)
thereto, of the Income-tax Act, 1961 - Eligible projects or schemes,
expenditure on - Notified eligible projects or schemes - Notification
No. 96 to 109/2009 [F.NO.V-27015/1/2009-SO (NAT.COM.)]/S.O.2603(E) to
S.O.2616(E), DATED 14-10-2009
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Section 9 of the Income-tax Act, 1961 - Income
- Deemed to accrue or arise in India - Withdrawal of Circulars No. 23
dated 23rd July, 1969, No. 163 dated 29th May, 1975 and No. 786 dated
7th February, 2000 - Circular No. 7/2009 [F. No.
500/135/2007-FTD-I], dated 22-10-2009
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Section 90 of the Income-tax Act, 1961 -
Double taxation agreement - Agreement for Avoidance of Double Taxation
and Prevention of Fiscal Evasion with Foreign Countries - Agreement
with Government of Grand Duchy of Luxembourg - Notification No.
78/2009/F.NO.503/I/96-FTD-I, dated 12-10-2009
n
Critical areas on DTC for detailed examination
identified : FM - PIB Press Release, dated 9-10-2009
n
Section 35AC, read with Explanation (b)
thereto, of the Income-tax Act, 1961 - Eligible projects or schemes,
expenditure on - Notified eligible projects or schemes - Notification
No. 95/2009/F. No. V. 27015/1/2009 - SO (NAT.COM)/ S.O. 2545(E), dated
6-10-2009
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Section 35(1)(ii) of the Income-tax Act, 1961
- Scientific research expenditure - Approved scientific research
associations/institutions - Notification No. 77, dated 6-10-2009
n
Section 35(1)(ii) of the Income-tax Act, 1961
- Scientific research expenditure - Approved scientific research
associations/institutions - Notification No. 76, dated 5-10-2009
n
Provision regarding taxability of any
Gift-in-kind, value of which exceeds Rupees Fifty Thousand - Press
Release No. 402/92/2006-MC (21 of 2009), dated 30-9-2009
n
Order under section 119 of the Income tax Act,
1961 - Extension of date of filing of the tax audit report under
section 44AB as well as filing of returns in the State of Maharashtra
- Notification F.No. 225/163/2009-ITA.II, dated 29-9-2009
n
Section 117(1) and (2) of the Income-tax Act,
1961 - Appointment of income-tax authorities - Notified officer - Notification
No. 72/2009, dated 30-9-2009
n
Section 118 of the Income-tax Act, 1961 -
Control of income-tax authorities - Notified subordinate officers - Notification
No. 73/2009, dated 30-9-2009
n
Section 120(1) and (2) of the Income-tax Act,
1961 - Jurisdiction of income-tax authorities - Notification No.
74/2009, dated 30-9-2009
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Section 120(1) and (2) of the Income-tax Act,
1961 - Jurisdiction of income-tax authorities - Notification No.
75/2009, dated 30-9-2009
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Insurers against new tax regime for policies
sold before
April 2011 - Business
Standard, New Delhi, October 1, 2009
n
Revenue SECY hints
at plugging tax leakages - The Financial Express, New Delhi,
September 30, 2009
n
Due date for
filing return extended in case of Pune, Sangli and Kolhapur - Press
Note No. 402/92/2006-MC (20 of 2009), dated 25-9-2009
n
New Tax Code set
to revolutionise investment behaviour - www.economictimes.indiatimes.com,
September 29, 2009
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Section 35(1)(iii)
of the Income -tax Act, 1961 - Scientific research expenditure -
Approved scientific research associations/institutions - Notification
No. 71/2009, dated 25-9-2009
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Commerce, Finance
Ministries to lock horns over SEZ tax benefits - The Financial
Express, New Delhi, September 26, 2009
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Clarify tax
exemption status for SEZs, says export promotion council - The
Hindu Business Line, New Delhi, September 26, 2009
n
New tax may push
up cost of non-life cover - The Economic Times, New Delhi,
September 25, 2009
n
FM - Industry tax
meet on Oct 9 - The Economic Times, New Delhi, September 25, 2009
n
Amendment in
Electronic Furnishing of Return of Income Scheme, 2007 - Notification
No. 70/2009, dated 22-9-2009
n
ITAT Member’s
right to practice after retirement - Notification No. G.S.R.
389(E), dated 3-6-2009 (New)
n
Section 35(1)(ii)
of the Income-tax Act, 1961 - Scientific Research Expenditure -
Approved Scientific Research Associations/Institutions - Notification
No. 69, dated 15-9-2009
n
Section 35(1)(ii)
of the Income-tax Act, 1961 - Scientific Research Expenditure -
Approved Scientific Research Associations/Institutions - Notification
No. 68, dated 15-9-2009
n
Cost Inflation
Index for F.Y. 2009-10 - Notification No. 67/2009, dated 9-9-2009
n
Section 35(1)(ii)
of the Income-Tax Act, 1961 - Scientific Research Expenditure -
Approved Scientific Research Associations/Institutions - Notification
No. 66/2009, dated 4-9-2009
n
Income-tax
(Twelfth Amendment) Rules, 2009 - Amendment in rule 11N - Notification
No. 65/2009 [F. NO. 49/22/2009-SO(TPL)], dated 2-9-2009
n
Section 35(1)(ii)
of the Income-Tax Act, 1961 - scientific Research Expenditure -
Approved Scientific Research Associations/Institutions - Notification
No. 64/2009, dated 1-9-2009
n
Section 35(1)(ii)
of the Income-Tax Act, 1961 - Scientific Research Expenditure -
Approved Scientific Research Associations/Institutions - Notification
No. 63/2009, dated 31-8-2009
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Constitution of a
Committee to examine the suggestions on the draft Direct Taxes Code -
Press Release, dated 28-8-2009
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Clarification
regarding deduction of tax at source from payments of second
installment of arrears to Government employees on account of
implementation of Sixth Central Pay Commissions recommendations - Circular
No. 6/2009, dated 31-8-2009
n
Section 35(1)(ii)
of the Income-tax Act, 1961 - Scientific research expenditure -
Approved scientific research associations/institutions - Notification
No. 62/2009, dated 18-8-2009