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From: TaxGuru.in - Daily Tax and Corporate Law Update <info@taxguru.in>
Date: Thu, Aug 11, 2011 at 9:39 AM
Subject: TaxGuru : "Understanding deprecation under section 32 of the income tax act, 1961 with latest case laws" plus 17 more
To: palashbiswaskl@gmail.com
From: TaxGuru.in - Daily Tax and Corporate Law Update <info@taxguru.in>
Date: Thu, Aug 11, 2011 at 9:39 AM
Subject: TaxGuru : "Understanding deprecation under section 32 of the income tax act, 1961 with latest case laws" plus 17 more
To: palashbiswaskl@gmail.com
TaxGuru : "Understanding deprecation under section 32 of the income tax act, 1961 with latest case laws" plus 17 more | |
- Understanding deprecation under section 32 of the income tax act, 1961 with latest case laws
- RTI -Students have right to inspect Answersheets – SC
- Delhi HC extends stay on non-basmati rice export
- CBDT order 141 of 2011- AD VI – Promotion, Posting and transfer of CCIT / DGIT
- Production Costs of Petro-Products – Petroleum Minister clarifies
- Custom Duty Notification Regarding reports of illegal imports of pesticides by some traders
- Final list of defaulters for failure to export of cotton in terms of Policy Circular No. 09 dated 29.12.2010 and Trade Notice No.01 dated 10.1.2011
- Launching of ICAI-ROC – A MCA-21 Compliance software for Practitioners & CA Firms
- Service Tax – Taxability of expenditure in foreign currency in the case of M/s. ONGC Videsh Ltd
- Finance Minister asks Officers of Indian Cost Accounts Service to Perform the Proactive Role to help the Government to Use Its Resources in Most Optimal and Efficient Manner
- Growth rate of Software Industry considerably less than the annual average growth rate of the last five years
- SEBI imposes Penalty for shortcollection/non-collection of margins from clients in Equity and Currency Derivatives segments
- Conditions and modalities for registration of contracts of cotton yarn with DGFT- relaxation of -5% by weight in export of cotton yarn
- Amendment in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No. 85/2006-Customs, dated the 29th August, 2006
- Amendment in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No. 92/2007-Customs, dated the 3rd August, 2007
- RBI releases Report of the Committee to Review Facilities for Individuals under FEMA, 1999
- RBI Releases Draft Guidelines on Internal Risk Based (IRB) Approach for Calculating Credit Risk Capital Charge
- Press Release on ICSI Power Breakfast on 'Corporate Governance & Integrity'
| Understanding deprecation under section 32 of the income tax act, 1961 with latest case laws Posted: 10 Aug 2011 08:20 PM PDT Depreciation – a non-cash expenditure allowed under Income Tax Act, 1961 following block concept. Under the block concept, all the assets falling within the same class and subject to same rate of depreciation are clubbed together and considered as... [[ This is a content summary only. Visit www.taxguru.in for full article ]]
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| RTI -Students have right to inspect Answersheets – SC Posted: 10 Aug 2011 06:54 PM PDT The Ho'ble Supreme Court held that students have the right to inspect and photocopy their answer sheets after their evaluation under the Right To Information (RTI) Act. The apex court bench of Justice R.V. Raveendran and Justice A.K. Patnaik... [[ This is a content summary only. Visit www.taxguru.in for full article ]]
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| Delhi HC extends stay on non-basmati rice export Posted: 10 Aug 2011 06:01 PM PDT The Delhi High Court on Wednesday extended the stay on export of non-basmati rice after several firms appealed in the court to be made party to the suit, challenging the licences to 82 exporters by the government,alleging lack of transparency in... [[ This is a content summary only. Visit www.taxguru.in for full article ]]
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| CBDT order 141 of 2011- AD VI – Promotion, Posting and transfer of CCIT / DGIT Posted: 10 Aug 2011 05:51 PM PDT ORDER NO. 141 OF 2011 The following postings and transfers of officers in the grade of Chief Commissioners/Director Generals of Income Tax are hereby ordered with immediate effect and until further orders: [[ This is a content summary only. Visit www.taxguru.in for full article ]]
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| Production Costs of Petro-Products – Petroleum Minister clarifies Posted: 10 Aug 2011 05:37 PM PDT The Minister for Petroleum & Natural Gas Shri S. Jaipal Reddy informed the Rajya Sabha in a written reply today that the cost of production by Oil and Natural Gas Corporation Limited (ONGC) and Oil India Limited (OIL) in the year 2010-11 is US$... [[ This is a content summary only. Visit www.taxguru.in for full article ]]
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| Custom Duty Notification Regarding reports of illegal imports of pesticides by some traders Posted: 10 Aug 2011 08:17 AM PDT Circular No.35 / 2011- Customs, Date – 9th August, 2011. Subject: Reports of illegal imports of pesticides by some traders – reg. It has come to the notice of the Board that some unscrupulous importers are illegally importing pesticides under... [[ This is a content summary only. Visit www.taxguru.in for full article ]]
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| Posted: 10 Aug 2011 07:09 AM PDT Trade Notice 15 dated 10th August, 2011 In this Trade Notice (para 4) it was provided that the concerned exporters may approach the RC issuing Authorities within 3 days alongwith all necessary documents for rectification of error if any. The... [[ This is a content summary only. Visit www.taxguru.in for full article ]]
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| Launching of ICAI-ROC – A MCA-21 Compliance software for Practitioners & CA Firms Posted: 10 Aug 2011 12:35 AM PDT The Committee for Capacity Building of CA Firms and Small & Medium Practitioners, has launched the ICAI-ROC on 1st July, 2011 by Hon'ble CA. K. Rahman Khan, Deputy Chairman of Rajya Sabha, Parliament of India. 'ICAI-ROC' software. The software... [[ This is a content summary only. Visit www.taxguru.in for full article ]]
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| Service Tax – Taxability of expenditure in foreign currency in the case of M/s. ONGC Videsh Ltd Posted: 09 Aug 2011 11:17 PM PDT Taxability of expenditure in foreign currency in case of M/s ONGC Videsh Ltd - CBEC Clarifies The matter has been examined and it is observed that the said letter does not raise any question of law. The matter that has been referred in the said... [[ This is a content summary only. Visit www.taxguru.in for full article ]]
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| Posted: 09 Aug 2011 10:43 PM PDT The Union Finance Minister Shri Pranab Mukherjee said that officers of Indian Cost Accounts Service (ICAS) have a major role to play in facilitating the government in its decision making process through their inputs in solving complex pricing and... [[ This is a content summary only. Visit www.taxguru.in for full article ]]
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| Posted: 09 Aug 2011 10:38 PM PDT During the FY 2009-10 and 2010-11, the annual growth rate of Information Technology (IT) Software and Service sector has been considerably less than the annual average growth rate of the last five years. During this period, the annual growth rate... [[ This is a content summary only. Visit www.taxguru.in for full article ]]
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| Posted: 09 Aug 2011 10:19 PM PDT Circular No. CIR/DNPD/7/2011 In consultation with BSE, MCX-SX, NSE and USE, it has been decided that Stock Exchanges shall levy penalty specified hereunder on trading members for shortcollection/non-collection of margins from clients in Equity and... [[ This is a content summary only. Visit www.taxguru.in for full article ]]
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| Posted: 09 Aug 2011 10:10 PM PDT Policy Circular No. 38 (RE-2010)/2009-14 It has been decided that a variation of – 5% in weight against Registration Certificates issued for export of cotton yarn shall be allowed. Thus a variation of – 5% in weight in exports of cotton yarn... [[ This is a content summary only. Visit www.taxguru.in for full article ]]
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| Posted: 09 Aug 2011 10:07 PM PDT Notification No.73/2011-Customs, In the matter of continuation of anti-dumping duty on imports of nylon filament yarn of specification 'synthetic filament yarn including synthetic monofilament of less than 67 decitex, of nylon or other polyamides... [[ This is a content summary only. Visit www.taxguru.in for full article ]]
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| Posted: 09 Aug 2011 09:56 PM PDT NOTIFICATION No.71 /2011-CUSTOMS , in exercise of the powers conferred by sub-sections (1) and (5) of Section 9A of the said Act and in pursuance of rule 23 of the said rules, the Central Government hereby makes the following amendment in the... [[ This is a content summary only. Visit www.taxguru.in for full article ]]
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| RBI releases Report of the Committee to Review Facilities for Individuals under FEMA, 1999 Posted: 09 Aug 2011 09:28 PM PDT The Reserve Bank of India (RBI) today placed on its website (www.rbi.org.in) the Report of the Committee to Review the Facilities for Individuals under Foreign Exchange Management Act (FEMA), 1999. The Report was submitted to the Reserve Bank of... [[ This is a content summary only. Visit www.taxguru.in for full article ]]
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| Posted: 09 Aug 2011 09:25 PM PDT The Reserve Bank of India today released on its website, draft guidelines on Internal Rating Based (IRB) Approach for calculating credit risk capital charge. Comments/feedback on the draft guidelines may please be emailed (anirbanbasu@rbi.org.in)... [[ This is a content summary only. Visit www.taxguru.in for full article ]]
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| Press Release on ICSI Power Breakfast on 'Corporate Governance & Integrity' Posted: 09 Aug 2011 09:21 PM PDT 'Integrity is the foundation on which all other avenues are built' said Hon'ble Justice R C Lahoti, Former Chief Justice of India at Power Breakfast on "Corporate Governance and Integrity" which was the first event of the 'First ICSI Corporate... [[ This is a content summary only. Visit www.taxguru.in for full article ]]
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