Re: UPDATES FROM TAX GURU (in this message: 10 new items)

On Sun, Jan 10, 2010 at 9:36 AM, LEGAL & FINANCIAL UPDATES FROM TAX GURU <info@taxguru.in> wrote:

UPDATES FROM TAX GURU (in this message: 10 new items)

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• Amendment in Notification No 39/2005 Custom (NT) – substitutes Valsad by Vapi
• Amendment in Notification No 49/2005 Custom (NT) – substitutes Valsad by Vapi
• Mandatory application of Cost Accounting Standards, w.e.f. 1st April 2010
• Finance Minister directed Income Tax Department to achieve revised direct tax target
• What ailed the key underperformers of 2009?
• Stocks which were the top performers of 2009
• Buy and hold can be dangerous…
• Indian mkts underperform global peers
• Gold insurance coverage
• 2009 Indian Telecom Industry

Amendment in Notification No 39/2005 Custom (NT) – substitutes Valsad by Vapi Posted: 09 Jan 2010 07:10 PM PST In exercise of the powers conferred by sub-section (1B) of section 129A of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby makes the following further amendments in the notification of Government of India, Ministry... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]

Amendment in Notification No 49/2005 Custom (NT) – substitutes Valsad by Vapi Posted: 09 Jan 2010 07:07 PM PST In exercise of the powers conferred by sub-section (1B) of section 129A of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby makes the following further amendment in the notification of the Government of India,... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]

Mandatory application of Cost Accounting Standards, w.e.f. 1st April 2010 Posted: 09 Jan 2010 06:53 PM PST The Council of the ICWAI at its 251st Meeting held on 12-13 February 2009 and 258th Meeting held on 14th December 2009 decided as below: Mandatory application of Cost Accounting Standards "RESOLVED THAT the following Cost Accounting Standards ... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]

Finance Minister directed Income Tax Department to achieve revised direct tax target Posted: 09 Jan 2010 06:49 PM PST Finance Minister, Shri Pranab Mukherjee has directed the Income Tax Department to make all efforts to achieve the revised direct tax target of Rs.4 lakh crores. Addressing the All India Conference on Tax Deduction at Source (TDS) here today, Shri... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]

What ailed the key underperformers of 2009? Posted: 09 Jan 2010 06:27 PM PST The rise in the stock markets post March 2009 is probably the sharpest we have seen in over a decade or so. The BSE-Sensex has risen by around 81% during the year. However, there were a few stocks that missed out on this rally. In this article, we... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]

Stocks which were the top performers of 2009 Posted: 09 Jan 2010 06:14 PM PST After the collapse of global stock markets and economic turmoil in 2008, 2009 came with hope. While we did not see the stock market highs of 2007, we managed to gain back most of the lost ground of 2008. In this article, we discuss the top 5 Sensex... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]

Buy and hold can be dangerous… Posted: 09 Jan 2010 05:57 PM PST ...if it is intended to be 'buy and forget'! The two bear markets that we have seen over the past ten years - first at its start in 2000 and then near its end in 2008 - have demonstrated exactly how dangerous buy and forget can be. In the first bear... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]

Indian mkts underperform global peers Posted: 09 Jan 2010 05:50 PM PST After last week's robust performance, this week too major indices across the globe ended on a positive note. The Indian markets though, were not amongst the top gainers this week, and were infact the lowest gainers among all other markets. India's... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]

Gold insurance coverage Posted: 09 Jan 2010 09:01 AM PST If some one plans to go for some robbery then my advice will be not to runaway with cash but to run with a handful of gold. Yes run with a bagful of gold rather than running with currency. Since gold might show $3000 ounce in the next 2-3 years.... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]

2009 Indian Telecom Industry Posted: 09 Jan 2010 08:37 AM PST What more great performance can be expected from s sector when the world economy as well as Indian economy was making a turn around from the dark worlds of recession? Telecom is the sector I am talking about .This sector has done a fantastic... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]

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Palash Biswas
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