LEGAL & FINANCIAL UPDATES 29.04.2009

UPDATES FROM TAX GURU Govt not fully geared up for change in TDS Rules relating to payment of TDS Posted: Tue, 28 Apr 2009 16:04:38 +0000 A new form introduced by the Central Board for Direct Taxes (CBDT) to improve tax deductions at source (TDS) has allegedly made the process more cumbersome, and may even prompt the government to... Tech Mahindra plans to appoint two auditors at Satyam Computer Services Posted: Tue, 28 Apr 2009 15:57:53 +0000 Tech Mahindra plans to appoint two auditors at Satyam Computer Services as part of its initiative to enhance the corporate governance standard of the fraud-hit software exporter, said a top Tech... Profits from sale of jaggery is not an agricultural income: ITAT Delhi Posted: Tue, 28 Apr 2009 15:51:23 +0000 Profits earned from the sale of jaggery will be taxed as converting sugarcane into a saleable commodity like jaggery or gur is not an agricultural operation, a tax tribunal has ruled. "Profit... Tax gains, easy compliance in comparison to companies set to make LLP popular Posted: Tue, 28 Apr 2009 15:46:42 +0000 The ministry of corporate affairs has said that out of the eight lakh companies in India, a large chunk of them would be interested in getting converted into limited liability partnership (LLP) once... I-T Dept makes online info submission mandatory for remittance of money to non-residents Posted: Tue, 28 Apr 2009 15:41:40 +0000 In a move to plug loopholes that led to the alleged tax evasion by telecom giant Vodafone, the Income-Tax Department will make it mandatory for firms to submit information to it online before... RBI, finance ministry divided on FDI relaxation given by of Press Notes Posted: Tue, 28 Apr 2009 15:38:09 +0000 It's the central bank & finance ministry versus commerce over 'unintended liberalisation' permitted in February guidelines. Differences have developed between both the Reserve... ICWAI made 6 Cost Accounting Standards mandatory w.e.f. period commencing on or after 1st April 2010 Posted: Tue, 28 Apr 2009 04:42:06 +0000 The Council of the ICWAI at its 251st Meeting held on 12-13 February 2009 decided as below: Mandatory application of Cost Accounting Standards "RESOLVED THAT the following Cost Accounting... BIG FOUR CA firms plead for help amid fear of lawsuit-Britain Posted: Mon, 27 Apr 2009 17:37:50 +0000 Leading accountants will meet the Government this week to plead for protection as they prepare for a surge in litigation from investors trying to recover their losses from big company failures. The... With Regards, Sandeep Kanoi My Website: http://www.taxguru.in/ Get LEGAL & FINANCIAL UPDATES FROM TAX GURU delivered by email   Enter your email address: Delivered by FeedBurner

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