| Government proposed to amend Indian Stamp Act, 1899 Posted: 30 May 2010 08:14 PM PDT 
The Department of Revenue, Ministry of Finance, has released the draft Amendment Bill ("Bill") containing the proposed amendments in the Indian Stamp Act, 1899 ("Act"). Changes are proposed in numerous provisions of the century old enactment. The... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Income Tax Department started scrutiny of assets and expenditure details furnished to Election Commission Posted: 30 May 2010 06:50 PM PDT 
The Income Tax Department has started scrutiny of the assets and expenditure details furnished to the Election Commission by the candidates and MPs who fought Lok Sabha polls last year. The Election Commission (EC) has recently informed the... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| DTC may not override India's tax treaties with other countries Posted: 30 May 2010 06:45 PM PDT 
The finance ministry may drop a provision in the draft direct taxes code that allows local tax laws to override India's tax treaties with other countries, as it looks to avoid uncertainties over existing bilateral tax arrangements. The finance... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Budget 2010- Provisions regarding issuance of Certificate for TDS/TCS by the deductor/collector (Section 203 & Section 206C) Posted: 30 May 2010 06:36 PM PDT 
The existing provisions contained in subsection 3 of Section 203 states that there is no requirement to issue a certificate by the deductor to the deductee if TDS has been deducted and paid as per the provisions of chapter XVII B. Similarly the... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Analysis of Budget Amendment related to disallowance of expenses for late payment of TDS- Section 40(a)(ia) Posted: 30 May 2010 06:30 PM PDT 
As per existing provision, in case of TDS deducted as per Chapter XVII-B but the payment of the same not deposited with the Government within due date of section 139(1) for the last month of the previous year and within the last day of the financial... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Post Budget taxability of Gifts and of Transactions without consideration or inadequate consideration Posted: 30 May 2010 06:16 PM PDT 
The Gift tax was abolished with effect from October 01,1998. Thereafter, the practice of bogus foreign gifts itself had started with Government offering immunity for such gifts as part of disclosure scheme, but then the practice continues even after... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| CBEC likely to notify New Services by Tuesday, but only w.e.f. 15th June 2010 Posted: 30 May 2010 05:50 PM PDT 
Everyone is anxious to know from which date, New services covered by Union Budget 2010 will be taxable as CBEC has not yet issued any circular/Notification or press release on the same. We learnt from our sources that CBEC will notify the dates,... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Assessments under Punjab Vat Act 2005 Posted: 30 May 2010 05:33 PM PDT 
Assessment under the Punjab VAT Act 2005 is made u/s 29. The assessment under Punjab VAT Act is made after the filing of the VAT 20 i.e. annual return except in the case of Provisional Assessment. The assessment of Tax under section 29 of Punjab VAT... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| CA curriculum may be same for another five years: ICAI Posted: 30 May 2010 09:42 AM PDT 
To avoid confusion among students, the Institute of Chartered Accountants of India (ICAI) has decided not to change the curriculum of CA subject for another four to five years, said its vice-president G Ramaswamy. [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| An Analysis of Company Law Settlement Scheme, 2010 and Easy Exit Scheme, 2010 Posted: 30 May 2010 09:37 AM PDT 
With a view of provide an easy exit to the Companies which are desirous of getting the name struck off from the records of the ROC or are defunct companies i.e. such companies which are inoperative since incorporation or have commenced business but... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| BOR- ICICI Bank Merger- RAJ Bank Pays the Cost of Poor Governance Posted: 30 May 2010 07:16 AM PDT 
It's official now. The two banks - The Bank of Rajasthan Ltd and ICICI Bank Ltd, the two private sector banks, one old generation and the other new generation bank are set to marry soon. While the board of both banks have approved the in principle... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| 397/398 – Oppression and Mismanagement – Bonafides – A Case Study – Indian Company Law? Posted: 30 May 2010 06:57 AM PDT 
We can find so many judgments of Constitutional Courts on section 397/398 of the Companies Act, 1956 and the courts have ruled and maintained some principles as to how the provisions of section 397/398 of the Companies Act, 1956 are to be... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
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