| DGTT Public Notice No. 67/ 2009-14- Amendment in Appendix 13, Appendix 22 C and Appendix 27 Posted: 27 May 2010 08:00 PM PDT 
PUBLIC NOTICE No. 67/ 2009-14, NEW DELHI: the May 25, 2010. Subject: Amendment in Appendix 13, Appendix 22 C and Appendix 27. In exercise of powers conferred under paragraph 2.4 of the Foreign Trade Policy, 2009-14, the Director General of... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| DGTT- Notification No. 47/2009-2014-Import policy of radial tyres Posted: 27 May 2010 07:57 PM PDT 
In exercise of powers conferred under section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with paragraph 2.1 of the Foreign Trade Policy, 2009-2014, the Central Government hereby makes the following amendments in Schedule –1... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Income Tax department released ITR-2 E-filing Return Preparation Software For A.Y. 2010-11 Posted: 27 May 2010 07:45 PM PDT 
ITR-2:This form is applicable to both Individuals & HUFs who have one or more of the following sources of income. In addition, they may have one of the sources of income specified for ITR-1. Income / loss from house property; Capital gain /... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Section 90 of the Income-tax Act, 1961 – Double Taxation Agreement – Agreement for Avoidance of Double Taxation and Prevention of Fiscal Evasion with Finland Posted: 27 May 2010 07:35 PM PDT 
Whereas, an Agreement and the Protocol between the Government of Republic of India and the Government of the Republic of Finland for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income was signed at... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Forex derivative loss: No relief in sight for Indian Companies Posted: 27 May 2010 07:14 PM PDT 
Indian corporate sector has raised significant funds through foreign currency loans like FCCBs, ECBs, etc., during FY07 and FY08. The corporate sector had preferred to keep its forex payable positions un-hedged in anticipation of appreciating INR... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Income tax department launches drive to speed up Income Tax Refund Posted: 27 May 2010 07:10 PM PDT 
The income tax department has launched a drive to file corrected returns with a view to do away with the problem of held-up refunds and the tax already paid not being credited to the assessees' name. A large number of people whose tax is deducted at... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Pension regulator sought tax relief on investments in New Pension Scheme (NPS) Posted: 27 May 2010 07:07 PM PDT 
The interim pension regulator has sought tax relief on investments in the New Pension Scheme (NPS) to make it more attractive to employees of private sector firms. The Pension Fund Regulatory and Development Authority (PFRDA) has written to the... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Special Courts For Cheque Bounced Cases- Veerappa Moily Posted: 27 May 2010 07:01 PM PDT 
The Law Commission in its report had recommended that pendency of large number of cases relating to cheque bouncing tarnish the image of business. Cases relating to dishonoured cheques affect business within and outside the country. It said cheque... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Government proceeding against 50 tax evaders having black money in LGT Bank Posted: 27 May 2010 06:32 PM PDT 
The government has served notices on 50 people for stashing black money abroad and evading taxes. Sources told that the government is proceeding against the 50tax evaders on the basis of documents received from Germany in April last year. [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Section 50C does not apply to "rights" in land & building like tenancy rights Posted: 27 May 2010 06:29 PM PDT 
The assessee, a tenant in a flat, sold tenancy rights for Rs. 30 lakhs and offered long-term capital gains on the basis that the said sum was the consideration. The AO took the view that as the market value adopted the Sub-Registrar was Rs.... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| New Companies Bill 2009 will provide duped investors better deal Posted: 27 May 2010 06:26 PM PDT 
The ministry of corporate affairs is looking to amend the disgorgement clause under Companies Act, 1956 to strengthen the mechanism for compensating duped investors by recouping funds from wrong-doers and paying them back to investors. [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Income tax relief for Salary Received in Advance and on Arrears of Salary Received for earlier years Posted: 27 May 2010 06:20 PM PDT 
Any income due or received by an employee from his employer or former employer is taxable under the head `salaries' as per the provisions of the Income Tax Act, 1961. It is pertinent to note that the salary earned in respect of a particular... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| A brief on National Company Law Tribunal (NCLT) and challenges ahead Posted: 27 May 2010 06:14 PM PDT 
Scope of Work:- The Companies (Second Amendment) Act, 2002 suggested the creation of a national tribunal would look into most corporate matters in the country. It will be responsible for handling all pending matters before the Company Law Board, the... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| RBI Guideline on issue of shares by an Indian company to a non-resident and transfer of shares of an Indian company from a resident to a non-resident, or vice versa Posted: 27 May 2010 06:02 PM PDT 
New guidelines on private firm's share do not provide guidance on the use of DCF method, be it in terms of discount rates or to compute cash flows into perpetuity. A series of regulatory and tax changes has completely changed the rules for... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Government Notified date from which new Gratuity Limit of 10 lakh will come into force Posted: 27 May 2010 05:51 PM PDT 
S.O. 1217(E). In exercise of power by sub section (2) of section 1 of the Payment of Gratuity (Amendments) Act, 2010(15 of 2010), the central Government hereby appoints the 24thday of May, 2010 the on which said act will come into force. [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Section 24 of the Banking Regulation Act, 1949 – Shortfall in Maintenance of Statutory Liquidity Ratio (SLR) – Additional Liquidity support under Liquidity Adjustment Facility (LAF) Posted: 25 May 2010 08:08 PM PDT 
At present, banks obtain liquidity from the Reserve Bank under the liquidity adjustment facility (LAF) against the collateral of eligible securities that are in excess of their prescribed statutory liquidity ratio (SLR). It has been decided that, in... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| NBFCs – Prevention of Money Laundering Amendment Rules, 2009 – Obligation of Banks/FIs Posted: 25 May 2010 08:07 PM PDT 
Prevention of Money-laundering (Maintenance of Records of the Nature and Value of Transactions, the Procedure and Manner of Maintaining and Time for Furnishing Information and Verification and Maintenance of Records of the Identity of the Clients of... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
No comments:
Post a Comment