| Government collected TDS of nearly Rs 400 crore from IPL-III Posted: 03 May 2010 08:04 PM PDT 
The Income Tax department probing alleged financial irregularities in the IPL has collected TDS of nearly Rs 400 crore from the third edition of the T20 tournament. The department has accrued the amount as Tax Deducted at Source (TDS) from the... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Sebi asks credit rating agencies to disclose their methodologies and fees charged Posted: 03 May 2010 08:00 PM PDT 
The market regulator Sebi yesterday asked credit rating agencies (CRAs) to disclose their methodologies and fees charged from the companies they rate, a move that will promote greater transparency. [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Establishment of Connectivity with both depositories NSDL and CDSL – Companies eligible for shifting from Trade for Trade Settlement (TFTS) to normal Rolling Settlement Posted: 03 May 2010 07:53 PM PDT 
It is observed from the information provided by the depositories that the companies listed in Annexure 'A' have established connectivity with both the depositories during January 2010. The stock exchanges may consider shifting the trading in these... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| RBI circular on Overseas Investment by NBFCs- No Objection (NoC) from DNBS, RBI Posted: 03 May 2010 07:41 PM PDT 
Instances have been observed where NBFCs have made overseas investments without regulatory clearance of the Department of Non-Banking Supervision, Reserve Bank of India. Any investments made by NBFCs without regulatory clearance is a violation of... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Demat Account: Why we must have this? Posted: 03 May 2010 07:37 PM PDT 
A demat account is a must for trading in stocks and ETFs. Importantly, it does not attract stamp duty. I In the last decade or so, the stock market has moved towards paperless trading. For investors, who used to burdened with reams of stock... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Taxability of Gift under the Income Tax Act, 1961 Posted: 03 May 2010 07:32 PM PDT 
In the last few years, the ambit of taxation for gifts received by a person has been widened . Now, it covers several non-cash items. This now includes land and buildings, shares and securities, jewellery, drawings, paintings, sculptures and other... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Maharashtra Government given "undue benefit of over Rs 20 crore" to Satyam: CAG Posted: 03 May 2010 07:06 PM PDT 
The Comptroller of Auditor General (CAG) of India has rapped Maharashtra Government for giving "undue benefit of over Rs 20 crore" to controversial Satyam Computer Services Limited by selling land at lower rates in Multimodal International Hub... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Rights, Duties, Powers And Accountabilities of Part-Time Directors Posted: 03 May 2010 06:53 PM PDT 
A Director includes any person occupying the position of Director, by whatever name called [Sec.2 (13)]. Directors occupy a key position in the management of the company. While they are entrusted with wide powers they are also accountable to the... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| 397/398 – Fictitious Filing of Forms with MCA Portal – A Case Study – Indian Company Law Posted: 03 May 2010 06:21 PM PDT 
I was of the opinion that the technological advancements and the schemes like MCA providing for on-line corporate filing, will be of help to the corporates. I was also of the opinion that the MCA scheme will also boost the pace in which the... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
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