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Jun 17, 2009

UPDATES FROM TAX GURU 17.06.2009

UPDATES FROM TAX GURU 


Government likely to come up with export sops for the textiles industry

Posted: 16 Jun 2009 10:43 AM PDT


The government is likely to come up with export sops for the domestic textiles industry in the upcoming Budget, including a rise in duty drawback rates. The over $55-billion industry, one of the ...

Govt. Considering increase in Excise duty on some products

Posted: 16 Jun 2009 10:27 AM PDT


The Union finance ministry is considering an increase in the central excise duty for some of the products that had benefited from the two rounds of reductions announced by the government as part of...

Companies once delisted have to wait for 10 years to relist

Posted: 16 Jun 2009 10:23 AM PDT


Companies cannot relist themselves on the bourses for up to ten years after their delisting, instead of two years as was the case earlier. The re-listing of a company can be done only after ten...

Finance Budget for 2009-10 will be presented on July 6, 2009

Posted: 16 Jun 2009 10:21 AM PDT


The Budget Session of Parliament will commence from July 2 and the General Budget for 2009-10 will be presented to the Lok Sabha on July 6.. The schedule for the Budget Session of Parliament was...

Budget will not address the taxation issue related to limited liability partnerships

Posted: 16 Jun 2009 10:15 AM PDT


Corporate Affairs Minister Salman Khursheed has said, contrary to expectation, the Budget will not address the taxation issue related to limited liability partnerships. The issue will be clarified...




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UPDATES FROM TAXGURU