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Wednesday, August 25, 2010

Fwd: TaxGuru.in : Legal & Tax Updates



---------- Forwarded message ----------
From: LEGAL & FINANCIAL UPDATES FROM TAX GURU <info@taxguru.in>
Date: Tue, Aug 24, 2010 at 9:51 AM
Subject: TaxGuru.in : Legal & Tax Updates
To: palashbiswaskl@gmail.com


TaxGuru.in : Legal & Tax Updates

Link to LEGAL & FINANCIAL  UPDATES FROM TAX GURU

Sebi plans to make listing of all mutual fund schemes mandatory

Posted: 23 Aug 2010 08:41 PM PDT


Transactions in mutual fund schemes could soon become as easy as those in stocks. Securities and Exchange Board of India (Sebi) is planning to make listing of all schemes mandatory. These will include all debt, equity, open-ended and close-ended...

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Sharma allays fears on SEZ tax sops

Posted: 23 Aug 2010 08:36 PM PDT


Commerce and Industry Minister Anand Sharma today said that he has conveyed investor concerns over the proposed withdrawal of fiscal benefits to SEZs to Prime Minister Manmohan Singh and assured the industry of protecting the exemptions.

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Fake income tax commissioner held for extortion

Posted: 23 Aug 2010 08:20 PM PDT


The crime branch of Delhi Police has arrested a 24-year-old man who allegedly posed as an income tax commissioner and demanded Rs 30 lakh from a businessman in return of closing a fictitious complaint against the victim. The accused, Dinesh Kumar,...

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Summary of Examiners' Comments on the Performance of Candidates [Final (Old) Course and Final (New) Course, May 2010 Examination]

Posted: 23 Aug 2010 08:13 PM PDT


In a move to facilitate the students, the Board of Studies has compiled the comments of the examiners on all the subjects of the Final (Old) Course and Final (New) Course examinations held in May, 2010. The group-wise general comments of the...

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CA Inter and CA Final Result of June 2010 under Syllabus 2008 will be declared on 31.08.2010

Posted: 23 Aug 2010 07:55 PM PDT


Inter and Final Result of June 2010 under Syllabus 2008 will be declared on 31.08.2010. For Result check http://www.exam.icwai.org/result/default.asp

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Know Your TDS, Advance Tax and Self Assessment Challan Status on Your Mobile

Posted: 23 Aug 2010 07:37 PM PDT


National Securities Depository Limited (NSDL) provides CIN (Challan Identification Number) based view of direct tax challans to taxpayers to know the status of challan on its web-site. In addition to the above facility, NSDL has launched a Short...

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Ignorance of the law cannot be an excuse for buying an illegal unit

Posted: 23 Aug 2010 07:30 PM PDT


Padma Bhushan awardee and octogenarian Madhusudan Dhaky invested his lifetime savings into buying a flat. Little did he realise that the flat he bought was an illegal one. He is not alone to be duped, many property buyers fall prey to glib talks of...

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Temporary transfer of rights to copy in a limited manner chargeable to service tax: Department tells HC

Posted: 23 Aug 2010 07:21 PM PDT


The revenue department has contested the petition filed by PVR Pictures in the Delhi High Court against the government's decision to levy service tax on copyright services such as sale of music rights, sale of direct-to-home satellite TV rights, and...

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Onshore software development revenues of IT companies under tax scanner

Posted: 23 Aug 2010 07:15 PM PDT


When American Senator Charles Schumer described Indian software firms as `chop shops', few imagined that the taxman back home could add salt to the slur. Indeed, Indian income-tax authorities are beginning to claim tax on the money that software...

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The Supreme Court asks tax authorities to get the help of technical experts while deciding income tax liability of cellular service providers

Posted: 23 Aug 2010 07:07 PM PDT


The Supreme Court has asked the Central Board of Direct Taxes (CBDT) and other tax authorities to get the help of technical experts while deciding income tax liability of cellular service providers. The order came after a batch of appeals by income...

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Full and true disclosure of undisclosed income and their manner of acquisitions is mandatory for settlement

Posted: 23 Aug 2010 07:01 PM PDT


The Income Tax Settlement Commission, even after commencing the proceedings, is empowered to examine the authenticity of such full and true disclosure of the unaccounted return of the assessees, said the apex court dismissing the plea of real estate...

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CCI proposed setting up of state-level commissions to safeguard interests of small businesses

Posted: 23 Aug 2010 06:46 PM PDT


The competition watchdog CCI has proposed setting up of state-level commissions to safeguard interests of small businesses and spread its reach to different parts of the country. The proposal forms part of the recommendations submitted to the...

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Annual Supplement 2010-11 to FTP : Govt announces Rs 1,050 crore incentive for exporters

Posted: 23 Aug 2010 06:40 PM PDT


The government will provide an additional incentive of Rs.1,050 crore to labour- intensive sectors like handicrafts, handlooms and leather goods, whose exports have been badly hit by the downturn in the US and Europe, Commerce and Industry Minister...

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Highlights of Annual Supplement 2010-11 to Foreign Trade Policy (FTP), 2009-14

Posted: 23 Aug 2010 06:30 PM PDT


Shri Anand Sharma, Minister of Commerce and Industry while announcing the annual supplement 2010-11 to the Foreign Trade Policy 2009-14 stated that, "We are on course to achieve the export target of US$ 200 billion in the fiscal year 2010-11 and...

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Speech of Minister of Commerce & Industry on Annual Supplement 2010-11 to the Foreign Trade Policy 2009-14 on 23.08.2010

Posted: 23 Aug 2010 06:15 PM PDT


Last year, when I presented the Foreign Trade Policy 2009-14 on 27 August, 2009, the world was passing through the greatest economic crisis we have seen in recent times. Economies and markets world-wide were in turmoil, causing a sharp contraction...

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RBI not happy with failure of public sector banks in business process re-engineering

Posted: 23 Aug 2010 04:44 PM PDT


The Reserve Bank of India's plans to have access to banking data online from the industry is being stymied by state-owned banks' reluctance to use technology that they have already deployed. An angry RBI has told public sector banks that they have...

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

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