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Tuesday, August 10, 2010

Fwd: TaxGuru.in : Legal & Tax Updates



---------- Forwarded message ----------
From: LEGAL & FINANCIAL UPDATES FROM TAX GURU <info@taxguru.in>
Date: Tue, Aug 10, 2010 at 9:54 AM
Subject: TaxGuru.in : Legal & Tax Updates
To: palashbiswaskl@gmail.com


TaxGuru.in : Legal & Tax Updates

Link to LEGAL & FINANCIAL  UPDATES FROM TAX GURU

Analysis of Draft Point of Taxation (For Services Provided or Received in India) Rules

Posted: 09 Aug 2010 09:00 PM PDT


Pending roll out of the much awaited "Place of Supply Rules for Services", which was announced in Union Budget 2010-11 speech, the Government Of India has published the Draft Point of Taxation (For Services Provided or Received in India) Rules ('the...

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TRP scheme- Government failed to appoint new TRPs since 2006

Posted: 09 Aug 2010 08:37 PM PDT


While the number of new income-taxpayers is growing exponentially year after year, no new tax returns preparers (TRPs) have been recruited since 2006. The Income Tax was launched by the finance ministry in 2006, to help taxpayers file their returns...

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Govt Amends Public Shareholding Requirement Rules Public Shareholding for all public sector enterprises

Posted: 09 Aug 2010 08:32 PM PDT


This notification allows for a lower public shareholding for public sector enterprises (PSEs). It also provides flexibility to all companies in attaining 25% (or 10% for public sector enterprises) public shareholding level within three years without...

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Rs 1,000 a year pension aid okayed for the workers in the unorganised sector

Posted: 09 Aug 2010 08:29 PM PDT


The Union Cabinet today approved the implementation of the Swavalamban Scheme to cover workers in the unorganised sector and to provide old age security to all sections of society, particularly the vulnerable sections. The proposal approved by the...

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Establishment of Branch Offices (BO)/Liaison Offices (LO) in India by Foreign Entities – Delegation of Powers

Posted: 09 Aug 2010 08:24 PM PDT


Attention of Authorised Dealer Category – I banks is invited to paragraph 5 (i) of A.P. (DIR Series) Circular No.24 dated December 30, 2009 wherein it was stipulated that the Annual Activity Certificates (AACs) as at the end of March 31, shall be...

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Don"t file appeals in cases where law is settled:HC to IT dept

Posted: 09 Aug 2010 08:07 PM PDT


Income Tax department has come under sharp criticism from the Delhi High Court for filing appeal against tax tribunal decisions in which issue of law is well settled. A bench comprising Chief Justice Dipak Misra and Justice Manmohan said that...

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SEBI press release on Proposed amendment in Shareholding pattern of listed entities

Posted: 09 Aug 2010 07:21 PM PDT


Currently, the shareholding pattern of companies is contained in initial public offer document and upon listing, companies file shareholding pattern with stock exchanges every quarter. The Board decided to mandate that the companies shall file...

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SC says rational and sobber Criticism of judiciary in national interest

Posted: 09 Aug 2010 06:58 PM PDT


The Supreme Court has taken a sagacious view of the criticism of judges while dismissing a contempt of court case against Union Minister Kapil Sibal. In fact, it encourages "fair and reasonable" criticism of judgments as judges are not "infallible"....

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Import of goods under Notification No.13/2010-Customs dated 19.2.2010 for Commonwealth Games, 2010 – regarding

Posted: 09 Aug 2010 06:41 PM PDT


Attention is invited to Notification No.13/2010-Customs dated 19.2.2010 granting exemption from customs duty on specified goods imported into India for the purpose of organizing the Commonwealth Games to be held in October, 2010 in New Delhi. In...

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Is It Possible to Lay A Hard and Fast Rule on The Powers of Company Law Board Under Section 397/398 of Companies Act, 1956?

Posted: 09 Aug 2010 06:29 PM PDT


It is known to the corporate professionals that there are so many complications in getting the disputes resolved among shareholders in the Company. The disputes among the shareholders or the groups tend to come in closely held companies as the...

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Cabinet approves bill to protect whistleblowers

Posted: 09 Aug 2010 06:14 PM PDT


A proposed legislation to protect whistleblowers and provide for severe punishment to those exposing the identity of people disclosing information was approved by the Government today. The Public Interest Disclosure and Protection to Persons Making...

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Display at Airports / LCS about prohibition of import / export of Indian currency notes of denomination of above Rs.100 in India and in Nepal – regarding

Posted: 09 Aug 2010 05:00 PM PDT


"As you may be aware, the export and import of currency notes of Government of India and Reserve Bank of India of denominations of above Rs.100 is not allowed to and from Nepal and Bhutan in terms of Notification No. FEMA 6 / RB-2000 dated 3.5.2000...

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Notification No. 69/2010 – Customs (N. T.)- Amends Notification No. 62/1994-Customs (N. T.) dated the 21st November, 1994

Posted: 09 Aug 2010 04:40 PM PDT


In exercise of the powers conferred by clause (a) of sub-section (1) of section 7 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...

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Notification No. 79/2010-Customs- Regarding anti dumping duty on PVC Flex Film originating in, or exported from, People's Republic of China

Posted: 09 Aug 2010 04:29 PM PDT


People's Republic of China (hereinafter referred as the subject country) and imported into India, the designated authority in its preliminary findings vide notification No.14/04/2010-DGAD, dated the 22nd June, 2010, published in the Gazette of...

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--
Palash Biswas
Pl Read:
http://nandigramunited-banga.blogspot.com/

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