All about XBRL Applicable to Listed Companies and companies having a paid up capital of Rs. 5 Crore and above or a turnover of Rs. 100 crore or above

TaxGuru.in : Legal & Tax Updates Clarification Regarding Easy Exit Scheme (EES) – General Circular No-12/2011 Posted: 08 Apr 2011 08:48 PM PDT General Circular No. 12/2011- Ministry has received certain proposals for simplification in the procedures of Easy Exit Scheme (EES), 2011. The proposals have been examined in the Ministry and the revised simplified procedures for dealing with... [[ This is a content summary only. Visit www.taxguru.in for full article ]] Allotment of Director Identification Number (DIN) under Companies Act, 1956 – General Circular No.11/2011 Posted: 08 Apr 2011 08:43 PM PDT General Circular No.11/2011- The Ministry of Corporate Affairs has already simplified the process for obtaining DIN online, if the DIN-1 eform has been digitally signed by the practicing Chartered Accountant, Company Secretary or Cost Accountant,... [[ This is a content summary only. Visit www.taxguru.in for full article ]] CBI arrests an Income Tax Officer for demanding and accepting a bribe of Rs. One Lakh Posted: 08 Apr 2011 08:43 PM PDT The Central Bureau of Investigation has arrested an Income Tax Officer posted in Ward-1, Warangal (Andhra Pradesh) for demanding and accepting a bribe of Rs.One Lakh from the complainant. A case was registered U/S 7 of PC Act, 1988 against the... [[ This is a content summary only. Visit www.taxguru.in for full article ]] Actual excise duty on branded apparel 4.5 percent, SSIs exempted – CBEC Posted: 08 Apr 2011 07:42 PM PDT Addressing concerns of garment manufacturers, the Central Board of Customs and Excise today said effective rate of excise on branded apparel is only 4.50 per cent and small manufacturers are exempted from the levy. "Manufacturers having a turnover... [[ This is a content summary only. Visit www.taxguru.in for full article ]] Knitwear exporters urges to impose 15 per cent duty on export of cotton yarn Posted: 08 Apr 2011 07:31 PM PDT Knitwear exporters from Tirupur have requested the Centre to impose 15 per cent export duty on cotton yarn immediately to prevent a spurt in yarn prices in the domestic market. This would help the knitwear sector have a level playing field in... [[ This is a content summary only. Visit www.taxguru.in for full article ]] Finance Bill, 2011 assented by President of India – Act No.8 of 2011, dated 8/4/2011 Posted: 08 Apr 2011 06:41 PM PDT *Finance Act, 2011†[8 OF 2011] An Act to give effect to the financial proposals of the Central Government for the financial year 2011-2012. Download Finance Act, 2011 [8 of 2011] Assented by the President on 8-4-2011 [[ This is a content summary only. Visit www.taxguru.in for full article ]] Remand of penalty orders in appeal whether justified? Posted: 08 Apr 2011 05:36 PM PDT in a recent case namely Snoline/Snowline Air Conditioner Vs State of Punjab decided on 17-12-2010 by PVAT Tribunal(2011) 16 STM 332 where the penalty was imposed u/s 14-B(6)(i) of Punjab General Sales Tax Act 1948 and the case was remanded for... [[ This is a content summary only. Visit www.taxguru.in for full article ]] All about XBRL Applicable to Listed Companies and companies having a paid up capital of Rs. 5 Crore and above or a turnover of Rs. 100 crore or above Posted: 08 Apr 2011 05:31 PM PDT eXtensible Business Reporting Language (XBRL) is an open technology standard which makes it possible to store business and financial information in a computer-readable format. Many countries and/or financial regulators have approved, or are in the... [[ This is a content summary only. Visit www.taxguru.in for full article ]] Former Deloitte Partner's Wife Faces Prison After Pleading Guilty to Insider Trading Posted: 08 Apr 2011 05:11 PM PDT A Pacific Heights housewife will be heading to prison after pleading guilty Tuesday to insider trading and obstruction of justice charges. In her plea agreement, Annabel McClellan says she gleaned confidential information about publicly traded... [[ This is a content summary only. Visit www.taxguru.in for full article ]] ICAI Live Classes for CPT & IPCC Courses from 2nd May, 2011 to 12th July, 2011 Posted: 08 Apr 2011 04:01 PM PDT ICAI Live Classes for CPT & IPCC Courses from 2nd May, 2011 to 12th July, 2011 - (08-04-2011) Last date of registration to ICAI Live Classes is April 25, 2011. The Delhi Live Classes registration form has to be submitted at: Dak Receipt... [[ This is a content summary only. Visit www.taxguru.in for full article ]] Business Analytics Project – Short-listing of IT firms for the Financial Bidding (Phase-III) Posted: 08 Apr 2011 03:13 PM PDT IRDA/IT/CIR/MISC/056/04/2011 Date:08-04-2011 Based on the detailed scrutiny of the Technical Proposals submitted by the various IT firms, subsequent clarifications and also based on the evaluation of the presentations made before the Technical... [[ This is a content summary only. Visit www.taxguru.in for full article ]] Shortfall in Maintenance of SLR – Additional Liquidity Support under LAF – Notification No. DBOD.No.Ret.BC. 84 /12.02.001/2010-11 Posted: 08 Apr 2011 01:30 PM PDT Ref. DBOD.No.Ret.BC. 84 /12.02.001/2010-11 - As set out in the Press Release issued by the Reserve Bank of India on April 08, 2011, the additional liquidity support to SCBs under LAF to the extent of up to one per cent of their NDTL, which was set... [[ This is a content summary only. Visit www.taxguru.in for full article ]] Overseas forex trading through electronic / internet trading portals – A.P. (DIR Series) Circular No. 53 Posted: 08 Apr 2011 01:30 PM PDT A.P. (DIR Series) Circular No. 53- It has been observed that overseas foreign exchange trading has been introduced on a number of internet /electronic trading portals luring the residents with offers of guaranteed high returns based on such forex... [[ This is a content summary only. Visit www.taxguru.in for full article ]] CAG report on Commonwealth Games in Monsoon session – Vinod Rai Posted: 08 Apr 2011 12:51 PM PDT The government auditor CAG on Friday said it will soon finalise its report on the conduct of Commonwealth Games which will be tabled in the next session of Parliament. "Yes...certainly," the Comptroller and Auditor General (CAG) said when asked if... [[ This is a content summary only. Visit www.taxguru.in for full article ]] Clarification regarding applicability of service tax exemption to Education Cess and Secondary and Higher Education Cess Posted: 08 Apr 2011 06:57 AM PDT CIRCULAR NO. 134/3/2011 – ST [F.NO.354/42/2011-TRU], DATED 8-4-2011- Representations have been received from the field formations, seeking clarification regarding the applicability of service tax exemption to Education Cess (refers to both... [[ This is a content summary only. Visit www.taxguru.in for full article ]] United States pursuing Indian tax evaders Posted: 08 Apr 2011 06:51 AM PDT The US is seeking an order from a San Francisco federal court authorising the Internal Revenue Service (IRS) to request information from HSBC Bank about US residents who may be using accounts in HSBC India to evade federal income taxes, the Justice... [[ This is a content summary only. Visit www.taxguru.in for full article ]] SC notice to Indiabulls over SEBI plea Posted: 08 Apr 2011 06:50 AM PDT The Supreme Court has issued a notice to Indiabulls Securities after SEBI challenged a Securities Appellate Tribunal order setting aside the penalty imposed against the firm by the market regulator for alleged manipulative and fraudulent practices... [[ This is a content summary only. Visit www.taxguru.in for full article ]] India to get Swiss bank info for cases dating from Jan, 2011 Posted: 08 Apr 2011 06:47 AM PDT India can get information on secret bank accounts from Swiss authorities for cases dating from January 2011, once the revised taxation treaty between the two countries is ratified by the Switzerland Parliament. "In this case, because you (India)... [[ This is a content summary only. Visit www.taxguru.in for full article ]] Greatest Challenge is to Create and Sustain more and better Opportunities for A Young, Growing and Aspiring India – FM Posted: 08 Apr 2011 04:49 AM PDT The Union Finance Minister Shri Pranab Mukherjee said that the greatest challenge before us today is to create and sustain more and better opportunities for a young, growing and aspiring India. He said that an important part of the response to this... [[ This is a content summary only. Visit www.taxguru.in for full article ]] Government sets aside Rs 617 crore Income tax demand on Satyam Computer Posted: 08 Apr 2011 04:07 AM PDT The government today informed the Supreme Court that it will set aside its order directing scam-hit information technology (IT) firm Satyam Computer to pay Rs 617 crore as income tax and will give a fresh hearing to the firm's plea challenging the... [[ This is a content summary only. Visit www.taxguru.in for full article ]] RBI penalises two Gujarat-based co-op banks Posted: 08 Apr 2011 03:49 AM PDT The Reserve Bank has imposed penalty of up to Rs 5 lakh on two Gujarat-based co-operative sector lenders -- the Mehsana Urban Co-operative Bank Ltd and the Jamnagar Peoples Co-operative Bank Ltd -- for violation of certain guidelines. The violations... [[ This is a content summary only. Visit www.taxguru.in for full article ]] State Bank of India (SBI) Lending Rates for Income Tax Purpose Posted: 07 Apr 2011 09:26 PM PDT Income Tax : SBI Lending Rates. We have attached herewith a file which have SBI lending rates for Assessment years 2006-07, 2007-08, 2008-09, 2009-10, 2010-11 and 2011-12. It Contains the Interest Rate on following Kinds of Loan for different... [[ This is a content summary only. Visit www.taxguru.in for full article ]]