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Feb 6, 2011

TaxGuru.in : Legal & Tax Updates 07.02.2011

TaxGuru.in : Legal & Tax Updates

Link to LEGAL & FINANCIAL  UPDATES FROM TAX GURU

Invitation To Join Taxguru In Panel Of Esteemed Authors

Posted: 07 Feb 2011 01:31 AM PST


TAXGURU IN would like to invite Authors to join our esteemed panel of Authors The Authors who like to be Part of TAXGURU INand get their article published on our website can mail their article to us and we will publish the same with

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Raise Income Tax Exemption Limit To Rs 3 Lakh - Survey

Posted: 07 Feb 2011 01:27 AM PST


The government must increase the personal income tax exemption limit to at least Rs 3 lakh from Rs 1 6 lakh at present in the upcoming Budget for giving relief to taxpayers from high inflation majority of CEOs surveyed by industry

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India Has Highest Transfer Pricing Litigations - E Amp Y Survey

Posted: 07 Feb 2011 01:26 AM PST


India has the highest number of litigations over transfer pricing where MNCs have been charged of reducing their tax liability by transferring profits to group companies abroad a survey has found India has the maximum transf

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CFI Demands Service Tax Exemption For Power Projects

Posted: 07 Feb 2011 01:23 AM PST


The Construction Federation of India has sought service tax exemption for development of power projects on the lines of other infrastructural works in the upcoming Budget Service Tax exemption should be extended to development

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MCA May Inspect Books Of 39 Cos Barred By Sebi

Posted: 07 Feb 2011 01:22 AM PST


Thirty-nine entities barred from stock markets by Sebi last week for circular trading may also face inspection by the Ministry of Corporate Affairs MCA for possible anomalies in their balance sheets We are considering to i

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Many Listed Companies Lack Professional Approach

Posted: 07 Feb 2011 01:20 AM PST


Out of 6 000 odd listed companies in India not even 2 000 listen to what markets say Chairman of Enam Securities Vallabh Bhanshali said here today Addressing a seminar at Indian School of Business he said most of the companies

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EPFO May Resume Investment In LIC Housing Finance

Posted: 07 Feb 2011 01:19 AM PST


Retirement fund manager EPFO s trustees are likely to approve a proposal to recommence investment in LIC Housing Finance at their meeting scheduled on February 15 EPFO s apex decision-making body the Central Board of Trustees

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ED To Register Money Laundering Case In Citibank Fraud

Posted: 07 Feb 2011 01:17 AM PST


The Enforcement Directorate will soon file a case of money laundering in connection with the Rs 400 crore fraud allegedly perpetrated by a Citibank employee nbsp Official sources said the Directorate which has studied the deta

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Mere Membership Of Banned Organisation Not A Crime- Supreme Court

Posted: 06 Feb 2011 04:11 AM PST


Mere membership of a banned organisation does not make a person criminal unless he or she resorts or incites people to violence the Supreme Court has ruled nbsp The ruling assumes significance in the wake of life imprisonment

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Automatic Shifting From CA Final Old To CA Final New Course

Posted: 06 Feb 2011 04:08 AM PST


Sub Procedure adopted by the Institute in shifting CA Final Old course students to CA Final New course in order to appear in CA Final Examination to be held from May 2011 onwards nbsp As announced earlier on the

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Results Of PCE IPCE Will Now Be Declared On 8th February 2011

Posted: 06 Feb 2011 04:06 AM PST


Declaration of Results of PCE IPCE MAC Part-I IRM and ITL amp WTO on 8th February 2011 at 10 00 A M In modification of the announcement earlier made regarding likely declaration of results of PCE IPCE MAC PART-I IR

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L Amp T Infra Finance To Issue Tax-saving Infra Bonds

Posted: 06 Feb 2011 03:58 AM PST


L amp T Infrastructure Finance Company is making a public issue of Long Term Infrastructure Bonds 2011 to finance infrastructure lending nbsp The company proposes to issue secured redeemable non-convertible debentures aggregating

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PPF Account Can Be Extended Beyond 15 Years For Five Years At A Time Indefinitely

Posted: 06 Feb 2011 04:24 AM PST


We have to initially open the Open the PPF account for 15 years and after the initial period of 15 years is over one can keep on extending the deposit for a period of 5 years at a time In fact this is where the magic of PPF begin

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