| CBDT clarifies no TDS receipt number required for filing Income Tax Return this year Posted: 04 Jun 2010 08:50 PM PDT 
THE Central Board of Direct Taxes (CBDT) has directed the Income Tax Department ( ITD ) to make arrangements for receiving income tax returns on 31 st July 2010, the due date for filing tax returns by most taxpayers, as that day happens to be a... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Govt issues 25% mandatory public float rule for listed companies Posted: 04 Jun 2010 08:49 PM PDT 
The government today made it mandatory for all listed companies to have a minimum public float of 25 per cent. Those below this level will have to get there by an annual addition of at least 5 per cent to public holding. The move, was expected to... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Income Tax department demanded 12,000 crore from Vodafone Posted: 04 Jun 2010 08:44 PM PDT 
British telecom major Vodafone Plc today received a new showcause notice from the income tax (I-T) department, quantifying its liability at Rs 12,000 crore on its 2007 acquisition of a majority stake in Hutchison Essar. The company is expected to... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| ICAI announced date for Online CPT examination to be held in July 2010, September 2010 and in October 2010 Posted: 04 Jun 2010 08:42 PM PDT 
CPT Online - 2010 Announcement-It is hereby notified that the Council of the Institute has decided to hold the Online Common Proficiency Test (CPT) for the candidates who would be willing to take the Test Online as per the following details. [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Taxation of Income and Capital Gains from Mutual Fund Units Posted: 04 Jun 2010 08:41 PM PDT 
It's important to note that under the Income Tax Act, 1961, there is mention of only one type of mutual fund. i.e. "Equity Oriented Fund". It implies that from Income Tax angle mutual fund schemes can be categorized into-(a) Equity oriented fund... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| 15 Can't-Miss Rules for Winning Stock Picks Posted: 04 Jun 2010 08:13 PM PDT 
This one should be obvious, and if you haven't learned it by, now the odds are that you never will. The simple truth is that every time you purchase a stock, it can and will go down. It doesn't matter whether it's Hero Honda or Tata Steel, every new... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| You'll Just Have to Live with the Big 4 Whether You Like It or Not Posted: 04 Jun 2010 08:01 PM PDT 
Memo to the World: You'll Just Have to Live with the Big 4 Whether You Like It or Not. "There are plenty of industries where there are four big players. The world just has to get on with it." ~ John Griffiths Jones, chairman of KPMG in the UK and... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Income tax investigation points to Modi's relatives link to King's XI Punjab, Rajasthan Royals and Kolkata Knight Riders Posted: 04 Jun 2010 07:02 PM PDT 
The instructions were issued after scanning of documents seized during raids to look into the murky cross-border transactions and shareholding patterns in IPL franchises. The DG investigation in Mumbai has been asked to question Mohit Burman, a Modi... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Importance of data analytics in audit Posted: 04 Jun 2010 06:56 PM PDT 
After the recent incidents of corporate fraud compounded by one of the worst periods of economic turbulence, there is a need to improve the levels of assurance provided over business activities. The need for internal audit, a profession dedicated to... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| S. 153A order void if s. 132 search warrant in improper status. Assessee can retract admission of undisclosed income Posted: 04 Jun 2010 04:55 AM PDT 
A survey u/s 133A was conducted on 28.10.04 at the premises of a charitable trust of which the assessee was the managing trustee. The assessee admitted unaccounted income of Rs. 1.93 crores. [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| RBI committee to check customer service by banks to small borrowers and pensioners Posted: 04 Jun 2010 12:55 AM PDT 
The committee constituted by the Reserve Bank of India (RBI) to look into the issue of customer service by banks to small borrowers including pensioners will hold its first meeting this month. It will submit its report within four months after the... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Government moves Supreme Court over service tax on renting of commercial immovable properties Posted: 03 Jun 2010 08:46 PM PDT 
Through Finance Act 2010, the government had sought to levy service tax on renting of immovable property to businesses, despite the fact a similar law enacted three years ago remained non-enforceable, thanks to a Delhi High Court ruling on a... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
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