Home Highlights November 2011 Year 2011 This

You may also like:

1. Income-tax (seventh Amendment) Rules, 2012 - Amends rule 12(1) - Notification

2. National Savings Certificates (IX-Issue) Rules, 2011 - Ntf. No. [F.No. 1-13/2011-NS-II] Dated: November 29, 2011

3. Claim of interest expenditure - Nexus between investments and borrowed funds - A clear and direct nexus has to be established between the loan funds and the investments...

4. Even when originally the export of the goods eligible for Drawback at ‘All Industry Rate’ has been make under Free shipping bills wherein no declaration as prescribed in...

5. Small Savings Schemes - Public Provident Fund Scheme, 1968 (PPF, 1968) and Senior Citizens Savings Scheme, 2004 (SCSS, 2004) - Revision of interest rates. - Cir. No. H-...

6. SEBI amended Alternative Investment Funds (AIF) Regulations to introduce a new Chapter III-D for "migrated venture capital funds" - funds previously registered as...

7. Section 12(1)(b) of the Prevention of Money Laundering Act, 2002 requires reporting entities to furnish information about transactions referred to in Section 12(1)(a) to...

8. Income Tax: The proposed amendment to sub-clause (iiihg) of clause (a) of sub-section (2) of Section 80G of the Income Tax Act seeks to provide deduction for donations...

9. The circular addresses amendments to the Foreign Exchange Management (Overseas Investment) Directions, 2022 regarding investments in overseas funds. It clarifies that...

10. Tax Incentives to International Financial Services Centre - (i) Time limit for exemption on Transfer of assets of the original fund, or its wholly owned SPV to a...

11. Rate of duty of excise increased from 10% to 12% and 1% to 2%

12. The definition of "Specified Mutual Fund" u/s 50AA is proposed to be amended to provide clarity regarding the proportion of investment in debt and money market...

13. Clarification on Interest Rates on Small Savings Schemes.

14. Rate of commission for canvassing/securing investment in Small savings schemes - with effect from the 1st December, 2011 - Ntf. No. [F.No. 1/12/2011-NS-II], Dated:...

15. The Appellate Tribunal examined the reopening of assessment u/s 147 beyond the limitation period, involving the addition of cash deposits in the assessee's savings bank...