TaxGuru.in : Legal & Tax Updates ICAI Asks Big Four Audit Firms Not To Buy Out Indian Cos Posted: 09 Feb 2011 01:32 AM PST Amid concerns of alleged surrogate practices of Big Four accounting firms regulator ICAI has asked PriceWaterhouseCoopers KPMG Ernst amp amp Young and Deloitte to desist from acquiring Indian audit outfits nbsp Worldwide [[ This is a content summary only. Visit www.taxguru.in for full article ]] Unlisted Companies Shall Not Require Government Approval For Managerial Remuneration Where They Have No Profits Posted: 09 Feb 2011 12:52 AM PST Schedule XIII of the Companies Act 1956 Being Amended- Unlisted Companies shall not Require Government Approval for Managerial Remuneration where they have no Profits nbsp The Ministry of Corporate Affairs issued today a notific [[ This is a content summary only. Visit www.taxguru.in for full article ]] New Dimension To TDS Provisions Posted: 09 Feb 2011 12:14 AM PST CA S SriramStarting form the allegation of Reliance Communication routing international call as local call through BSNL s network to the recent 2G scam that calls for a Joint Parliamentary Committee to be constituted telecom compa [[ This is a content summary only. Visit www.taxguru.in for full article ]] Budget 2011 Bridging Gap Between Present And Proposed Indirect Tax Structure In India Posted: 09 Feb 2011 12:02 AM PST By Satish Bhanushali nbsp nbsp nbsp The month of February is always a speculation filled month in India as at the end of the month India receives a Budget for the coming fiscal year Bearing in mind the proposed overhaul in [[ This is a content summary only. Visit www.taxguru.in for full article ]] Understanding TDS With Latest Judicial Judgements Posted: 08 Feb 2011 11:54 PM PST CA Manish Kumar Agarwal The Tax deducted at source TDS is covered under chapter XVII of the Income Tax Act 1961 There are number of sections amp subsections under which TDS has to be deducted but the important which are m [[ This is a content summary only. Visit www.taxguru.in for full article ]] Interest And Remuneration To Partners U S 40 B Of Income Tax Act 1961 Posted: 08 Feb 2011 10:41 PM PST Section 40 b of Income Tax Act places some restrictions and conditions on the deductions of expenses available to an assessee assessable as a partnership firm in relation to the remuneration and interest payable to the partners of [[ This is a content summary only. Visit www.taxguru.in for full article ]]