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Monday, September 20, 2010

Fwd: TaxGuru.in : Legal & Tax Updates



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From: LEGAL & FINANCIAL UPDATES FROM TAX GURU <info@taxguru.in>
Date: Mon, Sep 20, 2010 at 9:57 AM
Subject: TaxGuru.in : Legal & Tax Updates
To: palashbiswaskl@gmail.com


TaxGuru.in : Legal & Tax Updates

Link to LEGAL & FINANCIAL  UPDATES FROM TAX GURU

Prime Minister Reviews Financial Inclusion Efforts

Posted: 19 Sep 2010 07:14 AM PDT


nbsp Dr Manmohan Singh Prime Minister of India reviewed the progress towards Financial Inclusion by banks in India with Dr D Subbarao Governor Reserve Bank of India and Shri R Gopalan Secretary Financial Services Deputy G

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Finance Minister Appreciates The Monetary Policy Tightening By RBI In Its Mid Quarter Policy Review

Posted: 19 Sep 2010 07:12 AM PDT


nbsp Union Finance Minister Pranab Mukherjee has appreciated the monetary policy tightening announced by Reserve Bank of India RBI in its mid quarterly policy review today He welcomed the RBI s decision to raise the repo rate by 2

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Mid-Quarter Monetary Policy Review September 2010

Posted: 19 Sep 2010 07:02 AM PDT


Monetary Measures On the basis of the Reserve Bank s assessment of macroeconomic situation it has been decided to - increase the repo rate under the Liquidity Adjustment Facility LAF by 25 basis points from 5 75 per cent to 6 0

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Inacuraccies In Migrating Data From Manual Registry Into Electronic Registry Under MCA21

Posted: 19 Sep 2010 06:58 AM PDT


Ministry has undertaken a massive drive to cleanse the MCA21 Registry as it was found that a number of companies who were in the old Registry are not filing their documents in the MCA21 system Accordingly computer generated S

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Advance Tax Outflow May Lead To Cash Crunch In The System

Posted: 19 Sep 2010 06:21 AM PDT


With Rs 40 000 crore going out of the banking system due to advance tax payments the cost of funds in the short-term money market will operate close to the repo rate 6 the rate at which the Reserve Bank of India RBI

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Home Loan Takers To Hit By Hike In Key Policy Rates By RBI

Posted: 19 Sep 2010 06:16 AM PDT


Realty firms and property consultants today said both consumers and developers are likely to be affected by the hike in key policy rates by RBI as loans would become dearer though the impact would be marginal It hike in repo a

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Pension Trust Fails Get IT Exemption - Affects Over 34 000 Pensioners

Posted: 19 Sep 2010 06:15 AM PDT


A trust floated by the State s transport department to hold pension funds under a scheme launched in 2000 has been reduced to a dud affecting over 34 000 pensioners The reason The trust failed to get income tax exemption from the Ce

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Income Tax Department Raids Surveys At 51 Offices Of 3 Pharma Companies

Posted: 19 Sep 2010 06:00 AM PDT


The Income Tax Department Investigation wing Panchkula conducted surveys and raids on Friday at as many as 51 premises belonging to three pharmaceutical companies Surya Pharmaceutical Nectar Pharmaceutical and Parabolic Pharma

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Companies Bill 2009 To Become Law By 31st March 2011

Posted: 18 Sep 2010 07:16 AM PDT


The Companies Act amendment bill which was placed in Parliament last year is expected to become law by the end of the current fiscal year The Parliamentary Standing Committee has given its recommendations and the ministry is l

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Ministry Of Corporate Affairs Planning To Set Up New Body To Look Into Investor Concerns

Posted: 18 Sep 2010 07:10 AM PDT


To give teeth to investor redressal mechanisms the ministry of corporate affairs is planning to set up an entirely new affiliate office with statutory powers to look into such investor concerns To be developed on the lines of other M

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Department Of Posts To Launch Prepaid Debit Card

Posted: 18 Sep 2010 07:05 AM PDT


The Reserve Bank of India has given permission to the Department of Posts to launch its prepaid debit card in partnership with Master Card which will allow customers to purchase products from all major retail outlets across the cou

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PF Accounts Idle For 36 Months Or More Months To Fetch No Interest

Posted: 18 Sep 2010 07:04 AM PDT


The decision by the Employee Provident Fund Organisation EPFO to stop paying interest on accounts that have not been operated for 36 months or more is expected to cover 60 per cent of the accounts According to EPFO estimates

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Packaged Food Items May Be Exempted From The Proposed Goods And Services Tax GST

Posted: 18 Sep 2010 06:55 AM PDT


The food processing industry can breathe easy as packaged food items may be exempted from the proposed Goods and Services Tax GST At present processed food products are exempted from central excise but most states levy Value Added

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CII Opposes Proposed Move To Make Rotation Of Auditors Compulsory

Posted: 18 Sep 2010 06:51 AM PDT


The Confederation of Indian Industry CII has opposed the corporate affairs ministry move to rotate auditors and audit firms compulsory The provision for rotation of auditors has been included in the Companies Bill 2009 recently be

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Andhra Pradesh Witnesses 25 3 Per Cent Improvement In Advance Income Tax Collection

Posted: 18 Sep 2010 06:48 AM PDT


The Income Tax I-T department has witnessed a 25 3 per cent improvement in advance tax collections in the state at the end of the second quarter this financial year This is significant as the collection figures in Mumbai which acco

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CBEC Demands Special Audit Report Of Telecom Companies To Examine Service Tax Angle

Posted: 18 Sep 2010 06:45 AM PDT


The Central Board of Excise and Customs CBEC has asked the telecom department for copy of special audits that were undertaken on the books of all leading telecom companies to examine the service tax angle Last year the government o

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Empanelment With ICAI To Act As Examination Observer

Posted: 18 Sep 2010 06:33 AM PDT


ANNOUNCEMENT FOR EMPANELMENT OF MEMBERS OF THE INSTITUTE TO ACT AS OBSERVERS IN THE CENTRES WHEREIN CHARTERED ACCOUNTANTS EXAMINATIONS ARE CONDUCTED The Institute intends to draw a Panel from amongst its Members for acting

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US Protectionism WTO Worried But Not A Worry For Indian Companies

Posted: 18 Sep 2010 05:32 AM PDT


Following the global financial crisis protectionist measures taken by countries are on the rise Business Line spoke to Mr Alejandro Jara the Deputy Director General World Trade Organisation to find out his views on the exte

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DTC Bill 2010 Exempts Companies Converting Into LLP From Minimum Alternate Tax And Dividend Distribution Tax

Posted: 18 Sep 2010 05:26 AM PDT


Chapter V of the Direct Taxes Code DTC seeks to levy a tax of 20 per cent on the book profits of every company Profits of the company have to be prepared in the prescribed form in accordance with the provisions of parts II an

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Government Approves 10 Percent Hike In Dearness Allowance DA For Govt Staff

Posted: 18 Sep 2010 04:44 AM PDT


Ensuring a windfall for over 8 million central government employees and pensioners the Union Cabinet on Thursday approved release of an additional installment of Dearness Allowance DA nbsp to employees and Dearness Relief D

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Finance Minister Appreciates The Monetary Policy Tightening By RBI In Its Mid Quarter Policy Review

Posted: 18 Sep 2010 04:41 AM PDT


Union Finance Minister Pranab Mukherjee has appreciated the monetary policy tightening announced by Reserve Bank of India RBI in its mid quarterly policy review today He welcomed the RBI s decision to raise the repo rate by

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General Anti-Avoidance Rule GAAR Controlled Foreign Company CFC Rules And Amendment In Transfer Pricing TP Provis

Posted: 19 Sep 2010 05:31 AM PDT


The Direct Taxes Code 2010 DTC 2010 was placed by the Government of India GO I before the Parliament on 30 August 2010 and is envisaged to come into force from 1 April 2012 The Direct Taxes Code Bill 2009 DTC 2009 was ea

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DTC Bill 2010 -Proposed Changes Related To ITAT

Posted: 18 Sep 2010 04:11 AM PDT


As we all know in order to simplify Direct Tax Laws the Govt had published and widely circulated DIRECT TAX CODE for the purpose of public debate and suggestions The proposed bill was wisely and intelligently debated Many sugg

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Service Tax - Legal Provisions And Procedures For Recovery Of Arrears Demands

Posted: 16 Sep 2010 07:33 AM PDT


LEGAL PROVISIONS OF RECOVERY OF ARREARS OF SERVICE TAX SECTION 73 of FINANCE ACT 1994 Recovery of Service tax not levied or paid or short levied or short paid or erroneously refunded 1 Where any service tax has not been levi

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Eligibility Of A Local Manufacturer Dealer To Claim Exemption From CST On The Penultimate Sale Made To An Exporter In Connection With Export Of Goods

Posted: 18 Sep 2010 05:39 PM PDT


The sale or purchase of goods is deemed to be in the course of export of goods out of the territory of India only if the sale or purchase either occasions such export or is effected by a transfer of documents of title to the goods afte

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High Level Committee To Review Lead Bank Scheme Providing Banking Services In Every Village Having Population Of Over 2000

Posted: 19 Sep 2010 07:29 AM PDT


RBI 2010-11 203 RPCD CO LBS HLC BC No 21 02 19 10 2010-11September 16 2010 CMDs of all SLBC Convenor Banks Dear Sir High Level Committee to Review Lead Bank Scheme Providing banking services in every village

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Clarification On Form 24G To Be Filed By Government Account Office

Posted: 19 Sep 2010 06:39 AM PDT


The Pay and Accounts Office PAO District Treasury Office DTO Cheque Drawing and Disbursing Office CDDO are required to file Form 24G as per Income-tax Department Notification no 41 2010 dated May 31 2010 In case of an offic

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Draft Framework Of Separate Treatment For Department Of Posts To Grant License To Act As Corporate Agents

Posted: 18 Sep 2010 07:23 AM PDT


Introduction Of the Government Departments Department of Posts hereafter referred as India Posts is playing a vital role in extending the financial services with an established network of over 155 000 branches spread over the le

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Establishment Of Connectivity With Both Depositories NSDL And CDSL Companies Eligible For Shifting From Trade For Trade Settlement TFTS To Normal Rolling Settlement - Circular No MRD DP 31 2010 Dated 15-9-2010

Posted: 18 Sep 2010 07:19 AM PDT


Circular No MRD DP 31 2010 dated 15-9-2010 nbsp 1 nbsp nbsp nbsp nbsp nbsp It is observed from the information provided by the depositories that the companies listed in Annexure A have established connectiv

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All Industry Rates Of Duty Drawback 2010-11 - Circular No 35 2010-Custom

Posted: 18 Sep 2010 06:03 AM PDT


Circular No nbsp 35 2010-Cus New Delhi dated 17 09 2010 nbsp Subject nbsp nbsp nbsp nbsp nbsp nbsp nbsp All Industry Rates of Duty Drawback 2010-11 - Reg nbsp The Ministry has announced the revised All Indus

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All Industry Rates Of Drawback For 2010-11- Notification No 84 2010 - CUSTOMS N T

Posted: 18 Sep 2010 05:58 AM PDT


Notification No nbsp 84 2010 - CUSTOMS N T Dated 17th September 2010 nbsp G S R nbsp nbsp nbsp E In exercise of the powers conferred by sub-section 2 of section 75 of the Customs Act 1962 52 of 1962 sub-

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CA IPCC RTP Of Strategic Management For November 2010 Exams- Paper 8

Posted: 19 Sep 2010 02:37 AM PDT


CA IPCC RTP of Strategic Management for November 2010 Exams- paper 8

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CA IPCC RTP Of Information Technology For November 2010 Exams- Paper 7

Posted: 19 Sep 2010 02:35 AM PDT


CA IPCC RTP of Information Technology for November 2010 Exams- paper 7

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CA IPCC RTP Of Auditing And Assurance For November 2010 Exams- Paper 6

Posted: 19 Sep 2010 02:33 AM PDT


CA IPCC RTP of Auditing and Assurance for November 2010 Exams- paper 6

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CA IPCC RTP Of Advanced Accounting For November 2010 Exams- Paper 5

Posted: 19 Sep 2010 02:33 AM PDT


CA IPCC RTP of Advanced Accounting for November 2010 Exams- paper 5

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CA IPCC RTP Of Taxation For November 2010 Exams- Paper 4

Posted: 19 Sep 2010 02:32 AM PDT


CA IPCC RTP of Taxation for November 2010 Exams- paper 4

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CA IPCC RTP Of Financial Management For November 2010 Exams- Paper 3B

Posted: 19 Sep 2010 02:31 AM PDT


CA IPCC RTP of Financial Management for November 2010 Exams- paper 3B

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CA IPCC RTP Of Cost Accounting For November 2010 Exams- Paper 3A

Posted: 19 Sep 2010 02:30 AM PDT


CA IPCC RTP of Cost Accounting for November 2010 Exams- paper 3A

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CA IPCC RTP Of Business Law Ethics And Communication For November 2010 Exams- Paper 2

Posted: 19 Sep 2010 02:29 AM PDT


CA IPCC RTP of Business Law Ethics and Communication for November 2010 Exams- paper 2

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CA IPCC RTP Of Accounting For November 2010 Exams- Paper 1

Posted: 19 Sep 2010 02:28 AM PDT


CA IPCC RTP of Accounting for November 2010 Exams- paper 1

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Official Handbook On Advance Ruling

Posted: 19 Sep 2010 02:12 AM PDT


Handbook on Advance Ruling providing General Guidance The hand book can also be downloaded from the AAR website www aar gov in

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Budget Circular 2011-2012 Dated 15th September 2010

Posted: 18 Sep 2010 12:39 AM PDT


Guidelines for the Ministries Departments for framing the Revised Estimates for 2010-2011 and Budget Estimates for 2011-2012 and submitting the same to the Budget Divisions

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CA PCC RTP Of Strategic Management For November 2010 Exams

Posted: 17 Sep 2010 11:47 PM PDT


CA PCC RTP of Strategic Management for November 2010 Exams

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CA PCC RTP Of Information Technology For November 2010 Exams

Posted: 17 Sep 2010 11:47 PM PDT


CA PCC RTP of Information Technology for November 2010 Exams

[[ This is a content summary only. Visit www.taxguru.in for full article ]]

CA PCC RTP Of Taxation For November 2010 Exams

Posted: 17 Sep 2010 11:47 PM PDT


CA PCC RTP of Taxation for November 2010 Exams

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CA PCC RTP Of Financial Management For November 2010 Exams

Posted: 17 Sep 2010 11:46 PM PDT


CA PCC RTP of Financial Management for November 2010 Exams

[[ This is a content summary only. Visit www.taxguru.in for full article ]]

CA PCC RTP Of Cost Accounting For November 2010 Exams

Posted: 17 Sep 2010 11:46 PM PDT


CA PCC RTP of Cost Accounting for November 2010 Exams

[[ This is a content summary only. Visit www.taxguru.in for full article ]]

CA PCC RTP Of Law Ethics And Communication For November 2010 Exams

Posted: 17 Sep 2010 11:45 PM PDT


CA PCC RTP of Law Ethics and Communication for November 2010 Exams

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CA PCC RTP Of Auditing And Assurance For November 2010 Exams

Posted: 17 Sep 2010 11:45 PM PDT


CA PCC RTP of Auditing and Assurance for November 2010 Exams

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CA PCC RTP Of Advanced Accounting For November 2010 Exams

Posted: 17 Sep 2010 11:41 PM PDT


Download CA PCC RTP of Advanced Accounting for November 2010 Exams

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

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