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Apr 17, 2009

LEGAL & TAX UPDATES FROM TAX GURU 18.04.2009

LEGAL & FINANCIAL UPDATES FROM TAX GURU

 

  • CA Articles can get Transfer till 30th April 2009 as per old Rule : ICAI

    Posted: Sat, 18 Apr 2009 02:22:11 +0000

      Transfer of Article Further to the announcement dated 27th March, 2009, the transitional difficulties being experienced by members and students in the matter of transfer of articles, effected...
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  • Leave out freight, insurance in calculatuion of Assessable Value for Excise Duty : SC

    Posted: Sat, 18 Apr 2009 02:11:06 +0000

    The Supreme Court has held that freight and insurance charges are not to be taken into account in determining the value of goods for imposing excise duty. A Bench headed by Justice S B Sinha, while...
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  • Investment of more then 50,000 in NSC and more then 1 lakh in ULIP investment may need PAN

    Posted: Sat, 18 Apr 2009 02:06:22 +0000

    You may soon need to mention your permanent account number (PAN) to invest more than Rs 50,000 in national savings certificates (NSC), or to buy a unit-linked insurance policy where premium payment...
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  • Bombay HC ordered ICAI to provide a fair hearing to PWC Partner in GTB case

    Posted: Fri, 17 Apr 2009 16:56:39 +0000

    The Bombay High Court on Thursday ordered the disciplinary committee of the Institute of Chartered Accountants of India (ICAI) to provide a fair hearing to Partha Ghosh, a Price Waterhouse (PWC)...
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  • GST to be aligned with foreign trade after April 1, 2010

    Posted: Fri, 17 Apr 2009 16:52:03 +0000

    The new foreign trade policy, which is being prepared by the commerce ministry, will be aligned with the Goods and Services Tax (GST) only after implementation of this indirect tax mechanism. The new...
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  • Satyam's independent directors get clean chit from SFIO

    Posted: Fri, 17 Apr 2009 16:45:31 +0000

    Independent directors of Satyam  were not involved in the multi-crore accounting fraud in the IT company and were kept in the dark by founder-chairman B Ramalinga Raju, the Serious Fraud...

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