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Feb 13, 2010

Updates from TaxGuru 14.02.2010

Financial, Legal & Tax Updates from TaxGuru (in this message: 7 new items)

Link to LEGAL & FINANCIAL  UPDATES FROM TAX GURU

Obama criticised American companies having their operations in India

Posted: 13 Feb 2010 07:01 PM PST

American president Barack Obama has once again targeted American companies having their operations in India to save taxes back home and called such businesses tax evaders. "If you are a business here, entirely located in the US, and investing in...

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In pre budget wish-list Power sector want Tax incentives, stimulus packages and Special Tax benefits

Posted: 13 Feb 2010 06:53 PM PST

This Budget needs to come up with measures that balance the high inflation and sustainable growth. The continuing fiscal problems and revenue deficit will force the budget to take stringent revenue making measures including looking at introducing or...

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Hospitality sector want tax holiday to extended to 10 years

Posted: 13 Feb 2010 06:46 PM PST

Sushanto Roy, CEO, Sahara Prime City, has in a pre-Budget wish list of expectations said: "Given the pent-up demand for affordable housing which was discovered during the recent slowdown there is a need to reintroduce tax holiday under section 80IB...

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Pre budget wish- Reduction in income tax rates

Posted: 13 Feb 2010 06:40 PM PST

In a pre-Budget wishlist, Vinod Juneja, managing director, Braj Binani Group, said, "I expect the finance minister to target the GDP growth of at least 8% or higher for the next 3 financial years." "On tax reforms front, I would be very happy to see...

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Healthcare sector demand lesser import duty, Service tax exemption and lesser income tax rates

Posted: 13 Feb 2010 06:24 PM PST

Health-care costs are skyrocketing and are going beyond the reach of a common man. The need of the hour is to bring this sector under different schedule with a special status and declare some very important tax rebates to this sector to reduce the...

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CAG decided to Audit account of Bharti Airtel, Reliance, Tata, Vodafone and BSNL

Posted: 13 Feb 2010 06:17 PM PST

The Comptroller and Auditor General of India , the apex audit body, has decided to audit the accounts of five telcos-- Bharti Airtel , Reliance, Tata, Vodafone and the state-run BSNL-- for 2009-10. Telecom regulator TRAI has already appointed a...

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Campus Placement Programme for newly qualified Chartered Accountants March, 2010

Posted: 13 Feb 2010 09:21 AM PST

The Institute of Chartered Accountants of India is pleased to welcome all leading companies to the forthcoming Campus Placement Programme for newly qualified Chartered Accountants. It is now been more than a decade that the placement programme for...

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