| CBDT instructed to scrutnise all companies which have taken relief under AS-11 
The Central Board of Direct Taxes (CBDT) has advised its field formations to scrutinise all cases in which companies have amortised foreign exchange losses under the one-time discretion allowed by the government through an amendment to Accounting... | | Income tax raid at stock broker in Jaipur net Rs. 10 crore in cash 
Rajasthans income tax department recovered over Rs 10 crore from eight bank lockers of a stock broker in Jaipur on Tuesday. Damodar Modi, who also deals in real estate, is a member of the VHP and, according to sources, was allegedly a money... | | CBI filed charge sheet against Ex-Central Excise Commissioner 
Former Central Excise Commissioner , Pralhad Kumar alias P K Ajwani arrested by CBI in 2004 after wads of cash were seized from his south Mumbai house was chargesheeted on corruption charges by CBI last week. CBI investigations concluded that the... | | DTC propose to tax LTA, Medical Reimbursement, payment, commuted pension and retirement gratuities and benefit and perquisites 
New Direct Tax code 2009 has proposed to tax many benefit, receipts, allowances and perquisites which are either tax free or exemption is available in respect of that. We are discussing here some of these provisions. • For umpteen years, VRS.. | | Service tax applicable only to legal firms and not to independent practicing lawyers : Bar Council of India 
The Bar Council of India (BCI) recently sent a clarification to all lawyer associations in Pune that the service tax introduced for lawyers in this year's budget is applicable only to legal firms and not to independent practicing lawyers.... | | ROC work may be outsourced to professionals such as chartered accountants and company secretaries 
To ensure higher accountability and transparency in auditing company books, the government now plans to outsource audit work to professionals such as chartered accountants and company secretaries. At present, it is undertaken by the Registrar of... |
With Regards,
CA Sandeep Kanoi
Website: http://www.taxguru.in/
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