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Jan 9, 2010

UPDATES FROM TAXGURU 10.01.2010

UPDATES FROM TAX GURU (in this message: 10 new items)

Link to LEGAL & FINANCIAL  UPDATES FROM TAX GURU

Amendment in Notification No 39/2005 Custom (NT) – substitutes Valsad by Vapi

Posted: 09 Jan 2010 07:10 PM PST

In exercise of the powers conferred by sub-section (1B) of section 129A of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby makes the following further amendments in the notification of Government of India, Ministry...

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Amendment in Notification No 49/2005 Custom (NT) – substitutes Valsad by Vapi

Posted: 09 Jan 2010 07:07 PM PST

In exercise of the powers conferred by sub-section (1B) of section 129A of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby makes the following further amendment in the notification of the Government of India,...

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Mandatory application of Cost Accounting Standards, w.e.f. 1st April 2010

Posted: 09 Jan 2010 06:53 PM PST

The Council of the ICWAI at its 251st Meeting held on 12-13 February 2009 and 258th Meeting held on 14th December 2009 decided as below: Mandatory application of Cost Accounting Standards "RESOLVED THAT the following Cost Accounting Standards ...

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Finance Minister directed Income Tax Department to achieve revised direct tax target

Posted: 09 Jan 2010 06:49 PM PST

Finance Minister, Shri Pranab Mukherjee has directed the Income Tax Department to make all efforts to achieve the revised direct tax target of Rs.4 lakh crores. Addressing the All India Conference on Tax Deduction at Source (TDS) here today, Shri...

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What ailed the key underperformers of 2009?

Posted: 09 Jan 2010 06:27 PM PST

The rise in the stock markets post March 2009 is probably the sharpest we have seen in over a decade or so. The BSE-Sensex has risen by around 81% during the year. However, there were a few stocks that missed out on this rally. In this article, we...

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Stocks which were the top performers of 2009

Posted: 09 Jan 2010 06:14 PM PST

After the collapse of global stock markets and economic turmoil in 2008, 2009 came with hope. While we did not see the stock market highs of 2007, we managed to gain back most of the lost ground of 2008. In this article, we discuss the top 5 Sensex...

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Buy and hold can be dangerous…

Posted: 09 Jan 2010 05:57 PM PST

...if it is intended to be 'buy and forget'! The two bear markets that we have seen over the past ten years - first at its start in 2000 and then near its end in 2008 - have demonstrated exactly how dangerous buy and forget can be. In the first bear...

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Indian mkts underperform global peers

Posted: 09 Jan 2010 05:50 PM PST

After last week's robust performance, this week too major indices across the globe ended on a positive note. The Indian markets though, were not amongst the top gainers this week, and were infact the lowest gainers among all other markets. India's...

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Gold insurance coverage

Posted: 09 Jan 2010 09:01 AM PST

If some one plans to go for some robbery then my advice will be not to runaway with cash but to run with a handful of gold. Yes run with a bagful of gold rather than running with currency. Since gold might show $3000 ounce in the next 2-3 years....

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2009 Indian Telecom Industry

Posted: 09 Jan 2010 08:37 AM PST

What more great performance can be expected from s sector when the world economy as well as Indian economy was making a turn around from the dark worlds of recession? Telecom is the sector I am talking about .This sector has done a fantastic...

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With Regards, 
CA Sandeep Kanoi 
Website: http://www.taxguru.in/ 
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UPDATES FROM TAXGURU