| Workers of contractor not eligible for ESI benefits Posted: 02 May 2010 07:58 PM PDT 
The workers of a contractor engaged by an establishment do not get the benefits of the Employees State Insurance Corporation Act, the Supreme Court stated last week in the judgment, Managing Director, Hassan Co-operative Milk Producer's Society... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Unborn firm cannot sign arbitration agreement Posted: 02 May 2010 07:56 PM PDT 
A company cannot enter into an arbitration agreement even before it is formally registered under the Companies Act, the Supreme Court (SC) ruled in the case, Andhra Pradesh Tourism Development Corporation vs Pampa Hotels Ltd. However, the promoters... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| EPFO may switch to electronic payment system Posted: 02 May 2010 07:51 PM PDT 
The Employees Provident Fund Organisation is switching to an electronic payment system, which will allow it to credit the PF amount to the members' bank accounts within two days of claim authorisation. EPFO is becoming more customer-friendly these... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Multipurpose Empanelment (MEF) for Chartered Accountants for the year 2010-11 Posted: 02 May 2010 07:24 PM PDT 
Multipurpose Empanelment Form for the year 2010-11 is an on line application instead of offline application Members can fill up the application form directly in the site it self and Upload it. Members can view the Application and can Edit the... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Taxability of Leave Travel Allowance (LTA) and relevant aspects to keep in mind Posted: 02 May 2010 07:04 PM PDT 
Leave Travel Allowance (LTA) is the most common element of compensation adopted by employers to remunerate employees due to the tax benefits attached to it. Section 10(5) of the Income-Tax Act, 1961, read with Rule 2B, provides for the exemption... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| The Company Secretaries (Amendment) Bill, 2010 Posted: 02 May 2010 06:57 PM PDT 
This Act may be called the Company Secretaries (Amendment) Act, 2010. (2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint. [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Benefit of lower tax rate under Proviso to s. 112 available to bonus shares despite no indexation Posted: 02 May 2010 06:52 PM PDT 
The proviso to s. 112(1) provides that "where the tax payable in respect of any income arising from the transfer of a long-term capital asset, being listed securities … exceeds ten per cent of the amount of capital gains before giving effect to the... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Section 51 of PVAT Act 2005 Posted: 02 May 2010 06:29 PM PDT 
Under section 51 of PVAT Act 2005 information collection centers have been established by the Punjab Government at various places with a view to prevent and check the evasion and avoidance of tax under PVAT Act. Section 51(1) of PVAT Act authorizes... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
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