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Apr 15, 2010

TaxGuru.in : Legal & Tax Updates 16.04.2010

TaxGuru.in : Legal & Tax Updates (in this message: 12 new items)

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Income Tax officials visited offices of IPL, Lalit Modi

Posted: 15 Apr 2010 06:53 PM PDT

With allegations and counter allegations over the bidding process, Income Tax officials today visited the headquarters of the cash-rich IPL and office of its Commissioner Lalit Modi to inquire into financial details and share holding patterns of all...

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Cost accountants body to set up centres for filing e-returns

Posted: 15 Apr 2010 06:50 PM PDT

Apex cost accountants body ICWAI today said it will set up centres for filing returns and tax-related documents electronically. Under an agreement signed with Central Bureau of Excise and Customs (CBEC), the Institute of Cost and Works Accountants...

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ICAI Help Line Desk – Admit Card – CA Exams May 2010

Posted: 15 Apr 2010 06:47 PM PDT

Do you have any query about MAY, 2010 examination? The Help Line Desk will be functional from 16th April to 12th MAY, 2010 for 24 hours on all days (inclusive of holidays and Sundays) to attend to any query relating to the ensuing Chartered...

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Change of Examination Centres for May-2010 CA Exam

Posted: 15 Apr 2010 06:43 PM PDT

Due to paucity of accommodation in some Zones opted by the candidates in the cities of Bangalore, Delhi/New Delhi , Hyderabad, Indore, Kolkata and Mumbai some of the candidates have been allotted examination Centres in other Zones of the said cities...

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Income Tax department created special cell for IPL, Made visit to IPL headquarter for inquiry

Posted: 15 Apr 2010 06:41 PM PDT

The Income Tax (I-T) department and Enforcement Directorate (ED) are reported to have begun a discreet enquiry into the source of funds of certain franchisees of the cash-rich T20 Indian Premiere League (IPL). Official sources said today the "source...

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Central Excise Notification No 17/2010 CE (NT) amending chewing Tobacco and Un-manufactured Tobacco Packing Machines (Capacity Determination and Collection of Duty) Rules, 2010

Posted: 15 Apr 2010 06:28 PM PDT

New Delhi, the 13th April, 2010- Notification No. 18 / 2010-Central Excise (N.T.).G.S.R. (E).- In exercise of the powers conferred by sub-sections (2) and (3) of section 3A of the Central Excise Act, 1944 (1 of 1944), the Central Government hereby...

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Central Excise Notification No 17/2010 CE(NT) Specifying Jarda scented Tobacco for levy and collection of excise duty

Posted: 15 Apr 2010 06:21 PM PDT

(i) Jarda scented Tobacco falling under Tariff item 2403 99 30 of the First Schedule to the Central Excise Tariff Act, 1985 (5 of 1986),manufactured with the aid of packing machine and packed in pouches as notified goods, on which there shall be...

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RBI advised banks not to insist for collateral on education loan up to 4 Lakh

Posted: 15 Apr 2010 05:46 PM PDT

Please refer to our circular RPCD.PLNFS.BC.No.83/06.12.05/2000-01 dated April 28, 2001 regarding educational loan scheme, wherein it was advised that no security may be insisted upon for loans upto Rs.4 lakh. We have been receiving representations...

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Government may empower independent directors and company secretaries to enforce corporate governance norms

Posted: 15 Apr 2010 05:41 PM PDT

The government may empower independent directors and company secretaries to enforce corporate governance norms, having made compliance voluntary for enterprises. The Institute of Company Secretaries of India (ICSI), a statutory body set up by the...

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Guidelines for independent directors sought by ICAI and ICSI

Posted: 15 Apr 2010 05:35 PM PDT

The Institute of Chartered Accountants of India (ICAI) and the Institute of Company Secretaries of India (ICSI) have urged the government to lay down guidelines for independent directors, including their terms of appointment, responsibilities and...

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ICICI bank fined for not helping the victim of cyber crime

Posted: 15 Apr 2010 05:29 PM PDT

It could well be termed the country's first legal adjudication of a dispute raised by a victim of a cyber crime. In a verdict in the first case filed under the Information Technology Act, Tamil Nadu IT secretary on Monday directed ICICI Bank to pay...

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HDFC bank announced teaser interest rate of 8.25 Percent for first year on home loan

Posted: 15 Apr 2010 05:24 PM PDT

Housing finance major HDFC on Thursday lowered its home loan rate to 8.25 per cent for the first year in its new dual rate scheme, commonly known as teaser loans, applicable on fresh loans. Under the scheme, the country's biggest mortgage provider...

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