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... With Regards,  CA Sandeep Kanoi  Website: http://www.taxguru. in/  Get LEGAL & FINANCIAL UPDATES FROM TAX GURU delivered by email

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