| Police in Hongkong raided Ernst & Young amid fraud probe 
The Hong Kong offices of accounting giant Ernst & Young were raided by police as part of a fraud investigation linked to the city's biggest corporate collapse, local media said Wednesday.The search, which occurred Tuesday, came after Ernst... |
| Gifts of property (gifts-in-kind) above value of rs.50,000 become taxable from 1st October 2009 
The Income Tax Act 1961 (the Act) has been amended with effect from 1st October 2009 to provide that any gift-in-kind, being an immovable property or any other property, the value of which exceeds Rs.50,000 (rupees fifty thousand), will become... |
| ST notification exempting service provided during the course of manufacture or processing of alcoholic beverages 
Notification No. 39/2009 – Service Tax, Dated: 23rd September 2009 G.S.R. -(E).- In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994) (hereinafter referred to as the Finance Act), the Central... |
| Service tax notification on Export of Services (Second Amendment) Rules, 2009 – Amendment in rule 3 
Notification No. 38/2009 – Service Tax, Dated: 23rd September 2009 G.S.R. -(E).- In exercise of the powers conferred by section 93 and sub-section (1) of section 94 of the Finance Act, 1994 (32 of 1994), the Central Government on being satisfied... |
| Service Tax notification on Taxation of Services Provided from outside India and Received in India 
Notification No. 37/2009 – Service Tax, Dated 23 rd September, 2009 G.S.R. -(E).- In exercise of the powers conferred by section 93 and sub-section (1) of section 94 of the Finance Act, 1994 (32 of 1994), the Central Government on being satisfied... |
| RBI Circular on Payment of Interest on Savings Bank Account on a Daily Product Basis 
RBI/2009-10/169 RPCD.CO.RRB.BC.No. 25 /03.05.33/2009-10 Dated : September 24, 2009 Payment of Interest on Savings Bank Account on a Daily Product Basis Please refer to para 2(iii) of the directive DBOD.No.Dir.BC.151/C.347-85 dated December... |
| Documents for IPO of Rs 50 crore or less can be filed with the regional SEBI offices 
Draft public offer documents for any issue size of Rs 50 crore or less are to be filed with the regional SEBI offices assigned to States and Union Territories, the markets regulator said in a circular on Tuesday. For public issues exceeding Rs 50... |
| E-filing of Sales tax returns been challenged in Kerala High Court 
A writ petition challenging the decision of the State Government to implement e-filing of sales tax returns by dealers with effect from September 1 has been filed the Kerala High Court. The court on Tuesday adjourned hearing on the petition. The... |
| High Court has no power to condone delay in filing the appeal, 
CASE LAW DETAILS In The case of: CIT vs. Mohd. Farooq, Decided by: (Allahabad High Court – Full Bench), Appeal No.: Income Tax Appeal No. (78) of 2002, Date of Order: 03.09.2009 S. 260A permits the filing of an appeal to the High Court within... |
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