| Finance Bill 2010: Deemed gifts under the Income Tax Act Posted: 11 Mar 2010 08:01 PM PST Clause (vii) has been inserted in section 56(2) by the Finance (No. 2) Act, 2009. Under this clause if an individual or a HUF receives on or after October 1, 2009 a gift (which falls in any of the following five categories), it is chargeable to tax... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
 |
| Procedure for Conversion of partnership firm into company and provision of Companies Act, 1956 and the Income Tax Act, 1961 Posted: 11 Mar 2010 07:52 PM PST There are various ways of converting a firm to a company, viz; slump sale, itemized sale, admitting the company as a partner, dissolution thereof and on dissolution, business being taken over by the company etc.,. Being a topic with a very vast... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
 |
| Karnataka Budget 2010-2011-Proposed Amendments in VAT provisions Posted: 11 Mar 2010 07:33 PM PST VAT rate of 4% proposed to be increased to 5% on all goods except declared goods. VAT rate of 12.50% proposed to be increased to 13.50%. VAT rate of 12.50 % on tobacco products proposed to be increased to 15%. [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
 |
| Whether income from referral services amount to fees for technical services – whether in absence of a PE, same could be taxed in India Posted: 11 Mar 2010 07:14 PM PST AAR Ruling: Referral fee received from an Indian based recruitment agency by a non-resident is not liable to tax in India in view of the provisions of India-UK Double Taxation Avoidance Agreement [Real Resourcing Limited (AAR No. 828 of 2009)]. [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
 |
| Finance Bill, 2010 – Issues identified in Service tax Posted: 11 Mar 2010 06:57 PM PST This Note sets out some of the issues (identified during at the preliminary stage of discussion on 26 and 27 February, 2010) that are likely to arise in application of the amendments proposed by Finance Bill, 2010 relating to Service Tax. 1. Section... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
 |
| Revised Trade Timings of MCX, NCDEX, ICEX for Non-Agri Commodities from 15th March 2010 Posted: 11 Mar 2010 06:44 PM PST Commodity exchanges MCX, NCDEX and ICEX have reduced trade timings by 25 minutes for non-agricultural commodities to align with the US daylight saving times. According to separate statements issued by the three exchanges, all commodities except... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
 |
| MCA may soon release e-from for companies to submit Corporate Social Responsibility report Posted: 11 Mar 2010 06:37 PM PST The Ministry of Corporate Affairs had released voluntary guidelines on Corporate Social Responsibility (CSR) during the 'India Corporate Week' organized in December last year. A number of corporates have stated that they would like to have an... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
 |
| Passport under Tatkal scheme in one to seven days Posted: 11 Mar 2010 06:04 PM PST Applications for issue of passports under the Tatkal scheme are accepted if a verification certificate is submitted in the prescribed performa, duly signed by a designated officer of the Central/State Governments, or on submission of three... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
 |
| ICAI released Exposure Draft of Accounting Standard 5, 34 and 35 Posted: 11 Mar 2010 05:52 PM PST Exposure Draft of Accounting Standard (AS) 5 (Revised 20XX) (Corresponding to IAS 8), Accounting Policies, Changes in Accounting Estimates and Errors (Comments to be received by 7 April 2010) - (11-03-2010) [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
 |
| Taxability of Income dependent on residential status of the Assessee Posted: 11 Mar 2010 05:31 PM PST An individual is taxed based on his residential status in India. The residential status, in turn, is determined based on the physical stay of an individual in the relevant financial year (tax year) as well as preceding ten tax years. This is... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
 |
| For IPO opening on or after 1st May 2010 even QIBs have to pay 100% Application Money Posted: 11 Mar 2010 05:24 PM PST "In the primary issuance process, Qualified Institutional Buyers (QIBs) that currently pay only 10% margin while applying will be required to pay 100 per cent money in line with what other investors are required to do for all the issues that open on... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
 |
| SBI amending Rules to empower it board of directors to appointing its own Auditors Posted: 11 Mar 2010 05:04 PM PST The State Bank of India (Amendment) Bill 2010 contains a provision that will further limit the Reserve Bank of India's powers on bank auditor appointment. The provision allows SBI to appoint its own statutory auditors. The Central Government too... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
 |
| Delayed payment of employees' PF contribution allowable u/s 43B of The Income Tax Act Posted: 11 Mar 2010 04:46 PM PST The assessee paid the employees' contribution to PF and ESIC after the grace period but before the due date for filing the return. The AO disallowed the payment u/s 36(1) (va) and held that s. 43B had no application. This was confirmed by the CIT... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
 |
| Government may harmonise corporate governance norms with new Companies Act Posted: 11 Mar 2010 04:33 PM PST The government today said it will try to harmonise the voluntary corporate governance norms with the new Companies Act and is open to make the existing guidelines more effective. [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
 |
| Extension of time limit for Five Year Tax Holiday to Commonwealth Games hotel Projects in Delhi & NCR Posted: 11 Mar 2010 04:22 PM PST At the behest of the Minister of Tourism Kumari Selja, in order to encourage the growth of new hotels coming up for the Commonwealth Games, the Ministry of Finance in the recently announced Union General Budget has extended the Five Year Tax Holiday... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
 |
| How to Get Speedy Justice from Civil Courts? Posted: 11 Mar 2010 08:33 AM PST Many complain that there is so much delay before traditional Civil Courts and I do strongly feel that the possible delay before the Civil Courts and the presumptions makes a person to compromise with his rights too even. It is presumed that the... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
 |
| Brief Notes on Service Tax amendments introduced through Finance Bill, 2010 Posted: 10 Mar 2010 08:15 PM PST Brief Notes on Service Tax amendments introduced through Finance Bill, 2010 and by virtue of Notification No 2/2010-ST to 17/2010-ST all dated 27.02.10 and CENVAT Credit Rules, 2004, amendment by virtue of 6/2010-CE (NT). It seems, in this budget... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
|
No comments:
Post a Comment