| New perquisite valuation rules to hit employees with company cars Posted: 16 Jan 2010 07:11 PM PST New perk rules :- Under the new perquisite rules, a distinction is to be made between the car owned by the employer and the car owned by the employee, as the value of the tax perquisite in the two scenarios varies considerably. Even though there... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
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| It-Department wants to tax inter-corporate loans given to unrelated companies, but with common shareholders as deemed dividend Posted: 16 Jan 2010 06:36 PM PST Inter-company loans, known as 'deemed dividends', are used by companies to route dividend in the form of loans to companies which have common shareholders — both in the company giving the loan and the one borrowing it. It is done to avoid paying... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
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| AEDS announced Scholarship Scheme for CA Students Posted: 16 Jan 2010 06:25 PM PST Accounting Education and Development Society (AEDS) has promoted the accounting and financial management studies and in a step forward has announced the scholarship for the meritorious students of accounting profession. To start with the SOCIETY has... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
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| MVAT Notification on Delegation of Powers Posted: 16 Jan 2010 06:21 PM PST No. DC ( A & R) PWRJJC/2009/6(2)/ADM-6.—In exercise of the powers conferred by sub-section (5) of section 10 of the Maharashtra Value Added Tax Act, 2002 (Mah. IX of 2005), the Commissioner of Sales Tax, Maharashtra State, Mumbai, hereby amends... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
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| ICAI asked government to defer the implementation of GST by one year Posted: 16 Jan 2010 06:11 PM PST The Institute of Chartered Accountants of India (ICAI) has asked the government to defer the implementation of Goods and Services Tax (GST) from April 1, 2010 by an year to allow for a smoother transition to the new indirect tax framework. [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
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| ICAI announcement on Counting of Votes pertaining to 21st Council from Central India Regional Constituency Posted: 16 Jan 2010 06:08 PM PST counting of votes, without giving effect to the Order dated 30th December, 2009 issued by the undersigned as Returning Officer during the counting process pertaining to the 21st Council from Central India Regional Constituency shall be held at 11.00... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
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| Shares activity treated as investment in earlier years cannot be treated as business in subsequent years if facts are the same Posted: 16 Jan 2010 09:40 AM PST The income from investment activity was offered as capital gains while the income from dealing activity was offered as business income. This position was accepted by the AO in the earlier years. In AY 2005-06, the AO took a different view and held... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
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| RBI circular on Remittance of Salary – Relaxation Posted: 16 Jan 2010 09:30 AM PST employee of a foreign company or a citizen of India employed by a foreign company outside India, and in either case on deputation to the office/ branch/ subsidiary/ joint venture in India of such foreign company, may open, hold and maintain a... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
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| One circular- many solutions Posted: 16 Jan 2010 09:03 AM PST In these CHA services, during the import or export of goods, apart from the service of CHA there are various other services which are involved like the port services, terminal handling service, cargo handling service, cleaning or fumigation of... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
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