| Government released Saral-II for salaried employees for A.Y. 2010-11 Posted: 26 Apr 2010 07:48 PM PDT 
The Finance Ministry has come out with 'Saral-II', the new income tax returns form, that seeks to make tax filing easy on the assessee and gather information on TDS paid on salary and interest. The Saral-II, a two-page form, was mentioned by Finance... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| To compute the PE 'duration test' under Art. 5 (2) of the DTAA, different project sites can be aggregated only if the test of interconnection and interrelationship is satisfied Posted: 26 Apr 2010 07:35 PM PDT 
Article 5(2)(i) of the India-Mauritius DTAA defines "permanent establishment" to include "a building site or construction or assembly project or supervisory activities in connection therewith, where such site, project or supervisory activity... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Govt may initiate discussion on FDI in multi-brand retail, defence and agriculture Posted: 26 Apr 2010 07:30 PM PDT 
India today said it would next month initiate discussion on liberalising Foreign Direct Investment in sectors ranging from defence to agriculture and even retail -- a source of political woes for the government in the past. The Department of... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| MCA only collecting info on IPL teams, not conducting probe Posted: 26 Apr 2010 07:26 PM PDT 
The Corporate Affairs Ministry today said it was collecting information on all franchisees of IPL teams and described this as a part of normal practice for any company and was not a probe. "My ministry is merely collecting information that we should... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| India becomes 7th largest Shareholder in world bank Posted: 26 Apr 2010 07:18 PM PDT 
The Development Committee of the World Bank, in its meeting held on 25th April, 2010 at Washington DC, took historic decisions relating to increasing the financial capacity of the Bank and enhancing the role of developing countries in its... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Import of sports weapons by 'Renowned Shooters' – Policy Circular No. 31 /2009-2014 Posted: 26 Apr 2010 07:08 PM PDT 
On receipt of application, concerned RA shall send a copy of the application to National Rifle Association of India for their comments. After receipt of comments from the National Rifle Association of India, RA shall issue licence to the applicant.... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Brand Rate of Duty Drawback – References received in the Board regarding old claims Posted: 26 Apr 2010 07:00 PM PDT 
I am directed to refer to Board's Circular No. 14/2003-Cus dated 6.3.03 whereby the work related to fixation of Brand rates of Duty Drawback was decentralized. Para 5 of the said Circular stated that the Ministry would continue to consider and... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Word 'T' is not the Monopoly of Tata Group Posted: 26 Apr 2010 06:51 PM PDT 
Telco has lost its trademark violation case against the Super Cassettes Industries in the Delhi High Court which allowed the electronics company to use letter 'T' in its T-SERIES mark, saying it was not its "monopoly". [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| ED suspect investment in IPL franchisees by benami companies Posted: 26 Apr 2010 06:44 PM PDT 
The Enforcement Directorate's (ED) probe into suspected money-laundering and foreign exchange violations in the Indian Premier League (IPL) has zeroed in on 18 benaami companies based out of India who have made huge investments in some IPL... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| I-T Department found BCCI reply inadequate Posted: 26 Apr 2010 06:41 PM PDT 
The Board of Control for Cricket in India (BCCI) may have met the deadline for replying to the queries by the Income Tax Department concerning the Indian Premiere League (IPL), but that's not enough. Officials pointed out that the I-T Department has... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| ICAI will study the financial statements of IPL franchisees Posted: 26 Apr 2010 06:36 PM PDT 
India's accounting regulator has sought the financial statements of the eight Indian Premier League franchises to study if their auditors complied with accounting standards and best practices, joining other government agencies combing through the... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| ICAI requested CBI , SFIO and Sebi to share evidences against PriceWaterhouse auditor Posted: 26 Apr 2010 06:27 PM PDT 
Accounting regulator ICAI has requested investigation agencies CBI and SFIO and market regulator Sebi to share evidences against PriceWaterhouse auditor Srinivas Talluri in the Satyam case, at the forthcoming disciplinary committee proceedings. [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Government plans to plug loopholes in investment of foreign equity from a single source into one company through multiple routes Posted: 26 Apr 2010 06:22 PM PDT 
The government plans to plug loopholes in investment of foreign equity from a single source into one company through multiple routes. Currently, different agencies monitor the foreign investment flow, leading to policy overlaps and violations. [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| High Court instructed pollution control board to Ensure environment audit reports put to meaningful use Posted: 26 Apr 2010 06:14 PM PDT 
The Gujarat High Court has directed the state pollution control board to ensure that environment audit reports are put to meaningful use to control pollution in the state. A division bench of Chief Justice S J Mukhopadhaya and Justice Akil Kureshi... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Membership and Certificate of Practice Fee for the year 2010-2011 Posted: 26 Apr 2010 10:03 AM PDT 
Annual Membership and Certificate of Practice fee for the year 2010-2011 became due for payment on 1st April 2010. The schedule of fee is as under: - For Members below age of 65 years Associate Membership Fee 600/-, Fellow Membership Fee 1800/-,... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Extension of last date for submission of cpt examination application form Posted: 26 Apr 2010 10:00 AM PDT 
The last date for submission of filled in examination application form for admission to CPT to be held on 20th June 2010 is now extended to 28th April 2010 upto 5.30 P.M. The examination forms can be submitted at the designated offices as given in... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Revised Limit of Rs. 15000/- for ESIC applicable from 1st May 2010 Posted: 26 Apr 2010 09:46 AM PDT 
The following draft rules further to amend the Employees' State Insurance (Central) Rules, 1950 were published as required under sub-section(1) of section 95 of the Employees' State Insurance Act, 1948 (34 of 1948) in the notification of the... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Download ITR-1 for A.Y. 2010-11/ Financial Year 2009-2010 in Excel, Word Format Posted: 26 Apr 2010 05:30 AM PDT 
CBDT notifies New Income Tax Return Form SARAL II (ITR 1) for Assessment Year 2010-11 for Individuals having income from Salary/Pension/Income from One House Property (Excluding loss brought forward from previous years) / Income from Other Sources... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
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