| SEBI firm on its ban order on issue of ULIP after April 9, 2010 by insurance companies Posted: 13 Apr 2010 08:58 PM PDT A day after the finance ministry brokered a truce between two financial sector regulators, SEBI today said any new ULIP scheme launched after April 9, 2010 by insurance companies will remain covered by its earlier ban order. [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
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| Exempt Indian companies' earning from overseas firms – Assocham Posted: 13 Apr 2010 08:56 PM PDT Industry body Assocham today suggested that Indian companies' earning from overseas firms, in which they hold over 10 per cent stake, should be exempted from income tax. The move, the chamber said, would help Indian entrepreneurs bring back their... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
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| Britain made takeovers by foreign companies difficult Posted: 13 Apr 2010 08:51 PM PDT Britain's Labour party has promised to make it more difficult for Indian and other foreign companies to take over British firms by requiring two-thirds of shareholders at the target company to approve a change of ownership, up from the current 50.1... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
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| Govt Identifies 9 New Territories for Tax Avoidance Agreements Posted: 13 Apr 2010 08:45 PM PDT The Central Government have approved notification of the following areas as 'specified territory' for the purpose of Explanation 2 to Section 90 of the Income Tax Act 1961 – (i) Bermuda, (ii) British Virgin Islands, (iii) Cayman Islands, (iv)... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
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| ICAI to be a Facilitator of Finance Ministry's E-Initiative Signs MOU with the Central Board of Excise and Customs Posted: 13 Apr 2010 08:44 PM PDT The Institute of Chartered Accountants of India (ICAI has signed a Memorandum of Understanding (MOU) with the Central Board of Excise and Customs (CBEC). Giving this information here today the President of ICAI, Shri Amarjit Chopra, said that under... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
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| ICAI clarification on disposal of form to members of The Northern Region Posted: 13 Apr 2010 08:21 PM PDT Some of the members have expressed the concern that their matters especially regulatory affairs like Form 2, Form 6, Form 18 etc., are not expeditiously disposed off thereby causing avoidable inconvenience/hardship. [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
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| CA in practice for one year or more may become Certified Facilitation Centre under ACES Project of the CBEC Posted: 13 Apr 2010 08:18 PM PDT Chartered Accountants in practice for one year or more may become Certified Facilitation Centre (CFC) for providing facilities to Central Excise and Service Tax assessees to file returns and other documents electronically under Automation of Central... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
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| Notification No. 50/ 2010-Customs – Regarding anti dumping duty on Front Axle Beam and Steering Knuckles originating in, or exported from China Posted: 13 Apr 2010 08:04 PM PDT Whereas, in the matter of import of Front Axle Beam and Steering Knuckles meant for heavy and medium commercial vehicles' (hereinafter referred as the subject goods), falling under tariff items 73269099,73261910, 73261990, 87085000, or 87089900, of... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
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| Notification No. 49/ 2010-Customs – Regarding anti dumping duty on circular weaving machines, originating in, or exported from China Posted: 13 Apr 2010 07:55 PM PDT Whereas, in the matter of import of circular weaving machines having six or more shuttles for weaving PP/HDPE fabrics of a width exceeding 30 cms. (hereinafter referred as the subject goods), falling under Heading 8446 of the First Schedule to the... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
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| Notification No. 48/ 2010-Customs -Regarding anti dumping duty on Recordable Digital Versatile Disc [DVD] of all kinds, originating in, or exported from the Malaysia, Thailand and Vietnam Posted: 13 Apr 2010 07:49 PM PDT Whereas, in the matter of import of Recordable Digital Versatile Disc [DVD] of all kinds (hereinafter referred as the subject goods), falling under Heading 8523 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) and originating in,... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
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| Custom Notification No 29/2010 (NT) amending Notification No. 49/2005-Customs (N.T.), dated the 17th June, 2005 Posted: 13 Apr 2010 07:37 PM PDT 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 the Government of India,... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
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| Custom Notification No 28/2010 (NT) amending Notification No. 39/2005-Customs (N.T.) dated 3rd May, 2005 Posted: 13 Apr 2010 07:35 PM PDT -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 Government of India, Ministry... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
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| Income-tax department making effort to recover Income Tax out of money in Swiss Account of Hasan Ali Khan Posted: 13 Apr 2010 07:22 PM PDT The income-tax department is making a last-ditch effort to lay its hands on the $8 billion allegedly stashed away by Hasan Ali Khan, a Pune-based stud farm owner, who is being investigated by the income-tax department as well as the Enforcement... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
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| ICSI will focus on semi-urban and rural areas Posted: 13 Apr 2010 07:04 PM PDT The Institute of Company Secretaries of India (ICSI) is working towards creating more number of company secretaries from rural and semi-urban areas in the east, Mamta Binani, the first lady chairperson of the Eastern India Regional Council of ICSI,... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
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| IRDA's Guidelines on Periodic Disclosures to be made by insurance companies Posted: 13 Apr 2010 06:59 PM PDT The periodic disclosures have been notified by the Authority. In order to have uniformity among the insurers on disclosures and to clarify the doubts raised by certain insurers and other stakeholders, Authority provides the following guidelines on... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
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| IRDA chairman letter to existing and prospective ULIP Policyholders Posted: 13 Apr 2010 06:55 PM PDT In the context of the recent directions of the Securities and Exchange Board of India (SEBI) to 14 insurance companies directing them not to issue any offer document, advertisement, brochure soliciting money etc from investors, the IRDA deems it... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
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| Govt notified ten year Deep Discount Bond of REC the purpose of section 2 (48) the Income Tax Act Posted: 13 Apr 2010 06:51 PM PDT The Central Government have approved notification of ten year Deep Discount Bond (Zero Coupon Bond) of Rural Electrification Corporation Limited (REC) to be issued by 31st March 2011 as specified bonds for the purpose of sub-section 48 of section 2... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
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| Legal Service Authority Act, 1987 – A Preview of Application on Society Posted: 13 Apr 2010 03:47 AM PDT The Legal Services Authority Act, 1987 (`LSA') was enforced with effect from 9th November,1995 after certain amendments were introduced by the Amendment Act of 1994 to the main act. The Act provides for scope of legal aid support for the... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
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| Why blue chip stocks are preferred? Posted: 13 Apr 2010 03:26 AM PDT Price movement of a Share and Investment Decisions:It is true that it is very difficult to predict the price movement of a stock of a listed Public Company. The price of a share of a listed Public Company will depend upon the 'demand and supply... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
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