Thursday, February 17, 2011

Fwd: TaxGuru.in : Legal & Tax Updates



---------- Forwarded message ----------
From: LEGAL & FINANCIAL UPDATES FROM TAX GURU <info@taxguru.in>
Date: Tue, Feb 15, 2011 at 10:00 AM
Subject: TaxGuru.in : Legal & Tax Updates
To: palashbiswaskl@gmail.com


TaxGuru.in : Legal & Tax Updates

Link to LEGAL & FINANCIAL  UPDATES FROM TAX GURU

Centre Likely To Call Another GST Meeting Next Month

Posted: 15 Feb 2011 01:32 AM PST


With consensus still eluding the proposed Goods and Services Tax regime the Centre may call for another meeting with state finance ministers next month before introducing the Constitutional Amendment Bill to pave the way for rolling

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TDSAT Sets Aside DoT Order Asking Telcos To Go For CAG Audit

Posted: 15 Feb 2011 01:30 AM PST


Telecom tribunal TDSAT has set aside a DoT directive that asked phone companies to submit their books for CAG audit saying that it was arbitrary nbsp The TDSAT bench headed by its chairman Justice S B Sinha set aside the directi

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Now You Can Track Your Share Trades With Contract Notes

Posted: 15 Feb 2011 01:29 AM PST


nbsp A contract note is an important document for investors transacting in shares and other listed securities on a recognised stock exchange A contract note is a legal record of your transaction carried on a stock exchange through

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India Has Signed Its Fourth TIEA With Bahamas

Posted: 15 Feb 2011 01:27 AM PST


Source - Press Release No 402 92 2006-MC 04 of 2011 dated 12-2-2011 nbsp India has entered into a Tax Information Exchange Agreement TIEA with the Bahamas The Agreement was signed on 11th February 2011 by the High Commis

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Managerial Remuneration In Unlisted Companies Having No Profits Inadequate Profits

Posted: 15 Feb 2011 01:23 AM PST


Ministry of Corporate Affairs Government of India MCA has on 8 February 2011 issued a Press Note No 4 2011 of its intention to amend Schedule XIII of the Companies Act 1956 the Act relating to managerial remuneration The ame

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Exemption From Attaching Accounts Of Subsidiaries With Balance Sheet Of Holding Company

Posted: 15 Feb 2011 01:19 AM PST


Ministry of Corporate Affairs Government of India MCA has on 8 February 2011 issued directions through General Circular No 2 2011 and Press Note 3 2011 exempting holding companies from attaching specified particulars of its sub

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SEBI S Recommendation On Related Party Transactions

Posted: 15 Feb 2011 01:15 AM PST


Background -Securities and Exchange Board of India SEBI at their Board Meeting held on 7 February 2011 decided to recommend to the Ministry of Corporate Affairs Government of India MCA to suitably amend Clause 166 of the Compan

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Salient Features Of Easy Exit Scheme 2011 Available Upto 30 April 2011

Posted: 15 Feb 2011 01:13 AM PST


Ministry of Corporate Affairs MCA Government of India had launched Easy Exit Scheme 2011 EES 2011 under the Companies Act 1956 the Act to provide a fast track exit for defunct companies to get their names struck off fro

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Regulatory Framework For Core Investment Companies Notified

Posted: 15 Feb 2011 01:07 AM PST


Reserve Bank of India RBI had on 12 August 2010 issued guidelines for Core Investment Companies CICs RBI has on 5 January 2011 notified Core Investment Companies Reserve Bank Directions 2011 CIC Directions The CIC Direct

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Payment For Use Of Transponder Capacity For Up-linking Downlinking Data Would Not Constitute Royalty

Posted: 15 Feb 2011 01:01 AM PST


Citation Asia Satellite Telecommunication Co Ltd v Director of Income tax Delhi High Court - Tax case Appeal Nos ITA No 131 134 of 2003 dated 31st January 2011 nbsp Background nbsp nbsp nbsp nbsp nbsp nbsp

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Tax Residency Certificate Should Be Regarded As Sufficient Evidence For Beneficial Owner

Posted: 15 Feb 2011 12:57 AM PST


Citation - Assistant Director of Income-tax v M s Universal International Music BV ITA No 6063 M 2004 9034 M 2004 ITA 2304 M 2006 amp ITA 5064 M 2006 dated 31 January 2011 nbsp The taxpayer a resident of Netherlands b

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Agreement Between India And Bermuda For The Exchange Of Information With Respect To Taxes

Posted: 15 Feb 2011 12:53 AM PST


Agreement between India and Bermuda for the exchange of information with respect to taxes nbsp Background On 7th October 2010 India had signed its first Agreement for Exchange of Information with respect to taxes Agreement

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Liaison Office LO Involved Merely In Purchasing Activity Is Not A Permanent Establishment PE

Posted: 15 Feb 2011 12:50 AM PST


Liaison Office LO involved merely in purchasing activity is not a Permanent Establishment PE nbsp ADIT IT vs Fabrikant amp Sons Ltd Appeal Nos 4657 to 4660 and 3342 dated 28 January 2011 nbsp The facts and the iss

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Budget 2011- Some Issues In Indirect Taxation

Posted: 14 Feb 2011 12:21 PM PST


Dr Sanjiv Agarwal Budget 2011 is on the anvil and in about a fortnight s time Finance Minister shall unveil his budget announcements for the year 2011-12 nbsp It is an unwritten reality that GST may not happen now but th

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CLB S Power And Responsibility Under Section 402 Of Companies Act 1956

Posted: 14 Feb 2011 06:19 AM PST


CLB s responsibility to supervise the Company affairs even after passing final orders in a petition under section 397 398 In any litigation the Court or the authority adjudicating the matter can pass interim orders and the matter

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Insurance - Guidelines For Individual Agents For Persistency Of Life Insurance Policies

Posted: 15 Feb 2011 01:25 AM PST


CIRCULAR NO IRDA CAD GDL AGN 016 02 2011 DATED 11-2-2011 I OBJECTIVE Low Persistency of life insurance policies is a cause of concern for the Insurance Regulators worldwide the Industry Intermediaries and the Policyholde

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Palash Biswas
Pl Read:
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