Friday, November 19, 2010

Fwd: TaxGuru.in : Legal & Tax Updates



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From: LEGAL & FINANCIAL UPDATES FROM TAX GURU <info@taxguru.in>
Date: Wed, Nov 10, 2010 at 8:10 PM
Subject: TaxGuru.in : Legal & Tax Updates
To: palashbiswaskl@gmail.com


TaxGuru.in : Legal & Tax Updates

Link to LEGAL & FINANCIAL  UPDATES FROM TAX GURU

Government Debt- Status And Road Ahead Released By Finance Ministry

Posted: 11 Nov 2010 01:17 AM PST


As a follow up of the announcement made by the Finance Minister in his Budget Speech 2010-11 a comprehensive Paper on Government Debt has been released by the Finance Ministry today nbsp The ...

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National Advisory Committee On Accounting Standards Almost Finalizes Drafting Of The Converged Accounting Standards

Posted: 11 Nov 2010 01:15 AM PST


Converged Standards will have to be followed by Phase-I Companies W E F 01 04 2011 nbsp Ministry of Corporate Affairs after wide consultations with all stakeholders and regulators has drawn...

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Net Direct Tax Collections Increases By 17 82 Percent In First Seven Months Of 2010-11

Posted: 11 Nov 2010 01:14 AM PST


Net direct tax collections in the first seven months of the current fiscal crossed the mark of rupees two trillion and stood at Rs 2 04 351 crore as on 31st October 2010 April-October 2010 ...

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NSDL RPU For Preparing Quarterly E-TDS TCS Statements Regular And Correction Upto FY 2009-10 Released

Posted: 11 Nov 2010 01:12 AM PST


NSDL RPU for preparing quarterly e-TDS TCS statements regular and correction nbsp upto FY 2009-10 released A Procedure for preparation of return Deductors Manual for quarterly returns ...

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Company Law- Form 8 Filing Guidelines

Posted: 11 Nov 2010 01:08 AM PST


Under Part-A Statement of Solvency the names of the DPIN holders will be displayed automatically once the the prefill button is clicked after giving the correct DPIN numbers Under Part-B ...

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Companies Bill Misses Deadline Will Be Tabled Next Session

Posted: 11 Nov 2010 12:56 AM PST


The government today said that it would not be able to table the new Companies Bill that was expected to be enacted by the end of this year in the Parliament s winter session nbsp Failing to meet...

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CBEC Issues Show-cause Notices To Citibank And Kingfisher Airlines On Service Tax Payments

Posted: 11 Nov 2010 12:49 AM PST


The Central Board of Excise and Customs CBEC has issued show-cause notices to Citibank NA and Kingfisher Airlines Ltd for not paying service tax related to their sponsorship of the Indian Premier...

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Supreme Court Asks Finance Ministry And Central Board Of Direct Taxes To Amend Transfer Pricing Law

Posted: 11 Nov 2010 12:44 AM PST


THE Supreme Court has asked the finance ministry and Central Board of Direct Taxes CBDT the apex body in charge of administering India s taxation system to amend transfer pricing or TP ...

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Government Plans To Keep Watch On End Use Of Foreign Investment Inflow

Posted: 11 Nov 2010 12:41 AM PST


The government plans to keep a tight vigil on foreign investment inflows by making it mandatory for companies bringing in foreign equity to periodically disclose the end-use of such funds The...

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No Restriction On Using Common Descriptive Expression For Goods

Posted: 10 Nov 2010 05:14 AM PST


A division bench of the Delhi high court last week dismissed the appeal of Marico Ltd against its rival in cooking oil market Agro Tech Foods Ltd over the use of expressions exclusively claimed by...

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Finmin Asks ICAI To Set Up Panel For IFRS Shift

Posted: 10 Nov 2010 05:14 AM PST


Barely five months from the final implementation of the IFRS the finance ministry has directed the apex accounting regulator Institute of Chartered Accountants of India ICAI to set up a...

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IPO Limit For Individual Investor Enhanced

Posted: 10 Nov 2010 05:09 AM PST


The Securities and Exchange Board of India SEBI has doubled the limit for maximum application for individual investors from Rs 1 lakh to Rs 2 lakhs across all public issues However there is no...

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Will Ernst Amp Young Ever Be Held Accountable For The Lehman Failure

Posted: 10 Nov 2010 05:04 AM PST


The more successful a fraud case is against Lehman s executives the nbsp less likely EY or any of its partners will suffer any consequences for nbsp their acquiescence to or complicity in the...

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CBDT May Reopen Income-tax Returns Of Big Companies To Recover Over Rs 27 000 Crore

Posted: 10 Nov 2010 04:48 AM PST


In one of the biggest tax recoveries to be made from blue-chip companies the finance ministry has asked Central Board of Direct Taxes CBDT to reopen income-tax returns of entities found to...

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Supreme Court Refuses To Extend Satyam Raju S Surrender Deadline

Posted: 10 Nov 2010 04:36 AM PST


New Delhi Nov 9 nbsp The Supreme Court on Tuesday dismissed the petition of Satyam s founder-chairman Mr B Ramalinga Raju asking for extending Wednesday s deadline for his surrender nbsp As...

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Constitutionality Of Levy Of Service Tax Under The Category Of Information Technology Software Service Upheld

Posted: 11 Nov 2010 12:34 AM PST


Constitutionality of levy of service tax under the category of Information Technology Software Service upheldFacts in brief nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp The petitioner ...

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Guidelines For Filling Form 15CA Bulk Upload

Posted: 11 Nov 2010 12:17 AM PST


Guidelines for filling Form 15CA Bulk Upload nbsp nbsp nbsp nbsp nbsp nbsp nbsp File Based Bulk Upload of Form 15CA nbsp Facility for upload of multiple Form 15CA records in...

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Guidelines For Filling Form 15CA Online

Posted: 11 Nov 2010 12:11 AM PST


1 nbsp nbsp nbsp nbsp nbsp Guidelines for Part A of Form 15CA a nbsp nbsp nbsp nbsp nbsp Remitter nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp ...

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Details Of Changes In New Maharashtra VAT Audit Report Format Version 1 2 1

Posted: 11 Nov 2010 12:05 AM PST


Compiled By CA Amit K GanarDetails of changes in VAT audit report format Version 1 2 1 1 nbsp nbsp nbsp nbsp nbsp nbsp Part nbsp 1- 2 B b Schedule and annexure as applicable to be...

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Audit Committee Of The Board Of Directors Calendar Of Reviews

Posted: 11 Nov 2010 01:24 AM PST


Audit Committee of the Board of Directors Calendar of Reviews RBI 2010-11 269 DBS ARS BC No 4 08 91 020 2010-11 November 10 2010 The Chief Executives All Indian Commercial Banks ...

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Insurance- Treatment Of Unclaimed Amount Of Policyholders

Posted: 11 Nov 2010 01:22 AM PST


CIRCULAR NO IRDA F amp I CIR CMP 174 11 2010 DATED 4-11-2010 It has been noticed by the Authority that the quantum of the amount lying unclaimed by the policyholders insureds is accumulating...

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SEZ - Guidelines To Regulate Functioning Of Plastics Used Clothing Units In SEZs

Posted: 11 Nov 2010 01:20 AM PST


INSTRUCTION NO 69 DATED 4-11-2010 In terms of the Rule 18 4 of the SEZ Rules 2006 extension of Letter of nbsp Approval of an existing unit for recycling plastic scrap and waste enhancement...

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Empanelment Of Chartered Accountant Firms For Audit Of Urban Co-operative Banks Of Maharashtra

Posted: 10 Nov 2010 04:18 AM PST


Empanelment of Chartered Accountant firms for Audit of Urban Co-operative Banks of Maharashtra Last Date 25th November 2010 1 nbsp nbsp nbsp Only those Maharashtra based partnership firms...

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Empanelment Of Individual Chartered Accountants Proprietary Firms For Audit Of Urban Credit Societies And Other Societies Other Than UCBs Of Maharashtra

Posted: 10 Nov 2010 04:10 AM PST


Empanelment of Individual Chartered Accountants proprietary firms for Audit of Urban Credit Societies and other Societies other than UCBs of Maharashtra Last Date 25th November 2010 1 ...

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