| Clarification on changes in timeline ! disclosure requirements for Quarterly and Annual Financial results Posted: 10 Apr 2010 08:20 PM PDT Clarification on amendments to clause 41 of the Equity Listing Agreement.Securities and Exchange Board of India [SEBI] had, on 5 April 2010, directed Stock Exchanges to amend the Equity Listing Agreement [LA]. One of the amendments to Clause 41 of... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
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| Service Tax on Healthcare Services Posted: 10 Apr 2010 08:16 PM PDT Service Tax on Healthcare Services is Introduced in the Finance Act 2010. Small write up is given below on the levy of service tax on healthcare services. Section 65(19b):- "business entity" includes an association of persons, body of individuals,... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
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| Irda rejected Sebi's ban on selling of ULIP by life insurance companies Posted: 10 Apr 2010 08:06 PM PDT In a piquant situation, insurance regulator Irda on saturday rejected the market regulator Sebi's ban on life insurance companies from raising funds through unit-linked insurance policies and asked them to do business as usual. Taking Sebi head on... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
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| Life insurance companies to meet on ULIP ban on Monday to discuss the future course of action Posted: 10 Apr 2010 07:58 PM PDT Against the backdrop of Sebi banning 14 life insurers from selling ULIPs, the insurers are likely to meet here on Monday to discuss their future course of action against the order. SEBI had, late yesterday night, banned 14 life insurance companies... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
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| Right To Information- Is this Really a Powerful Weapon to Curb Malpractices? Posted: 10 Apr 2010 10:40 AM PDT India is a democratic country. In a democratic society, the responsibility of the government is more and the common masses have ultimate right to get information about every public act. If people do not know what is happening in their society, if... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
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| Leadership – need, importance & impact on Corporates Posted: 10 Apr 2010 10:21 AM PDT 19th November, 2009- it is just another day like any other day. But to the nation it is the 92nd Birth Anniversary of Indira Gandhi who was not only our Prime Minister but a mass leader who moved the nation ahead by her pragmatic approach. She was a... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
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| CIBIL making life difficult for Credit card and personal loan defaulters Posted: 10 Apr 2010 10:10 AM PDT Credit card and personal loan defaulters are finding that they have nowhere to hide. Armed with a new information service, banks are tracking down defaulters who have gone missing or moved to another town to escape recovery agents. Now, an email... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
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| Corporate thief becoming socially-accepted convict Posted: 10 Apr 2010 10:07 AM PDT Stealing is not just a violation of a moral code but is also considered criminal in most cases. But somehow, morality has not been emphasised in the corporate world and the new corporate professional has not been initiated into it. This ignorance... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
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| ULIP insurance policies safe: IRDA on SEBI's ban order Posted: 10 Apr 2010 09:50 AM PDT Insurance regulator IRDA on Saturday said that ULIP policies, under which a portion of funds is invested in the stock markets, are safe and secure. "Policy holders of the Unit Linked Insurance Products (ULIPs) offered by different insurance... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
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| SEBI ban further issue of ULIP by 14 insurance Companies Posted: 10 Apr 2010 09:07 AM PDT In a significant order late on Friday, market regulator Sebi banned issuance of Unit-Linked Insurance Plans, popularly known as ULIPs, by life insurance companies. Sebi has asked 14 private insurance companies, including market leaders like SBI... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
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| Pay only Income Tax on black money and karo relax Posted: 09 Apr 2010 10:40 PM PDT An income-tax raid on a Delhi-based infrastructure and power major with a turnover of over $2.5 billion led to the disclosure of unaccounted income worth Rs 212 crore. Assuming a profit rate of 10%, the disclosure also amounted to an admission that... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
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| Income Tax raid at Lottery Distributor- Department recovered tax of 19 Crore Posted: 09 Apr 2010 10:29 PM PDT Move over Mumbai, Kolkata has arrived. The country's highest taxpayer could be from this city never mind the fact that he was forced to pay the whopping amount after an income tax raid. Santiago Martin has coughed up an unbelievable Rs 19 crore... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
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| CBDT agreed not to attach Bank account of Sugar Mills in Maharashtra or demand part payment of dues Posted: 09 Apr 2010 10:23 PM PDT Cooperative sugar mills in Maharashtra on Wednesday received a much-needed relief as the Central Board of Direct Taxes (CBDT) has agreed not to attach their bank accounts or demand part payment of income tax dues for 2007-08 and 2008-09. [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
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| CBDT bought all DRPs under the supervision of the Director-General of Income-Tax (International Taxation) Posted: 09 Apr 2010 10:19 PM PDT The Central Board of Direct Taxes (CBDT) has brought all the dispute resolution panels (DRP) under the supervision of the Director-General of Income-Tax (International Taxation).Budget 2009-10 had introduced the concept of DRPs to provide an... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
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| NHAI, REC optimistic on achieving sale target of Rs. 6500 crore for tax-free bonds Posted: 09 Apr 2010 10:15 PM PDT The National Highways Authority of India (NHAI) and Rural Electrification Corporation Ltd (REC) have kept their targets to raise funds in the current financial year through tax-free infrastructure bonds unchanged, at a total of Rs 6,500 crore.... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
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