| Exclusively Structured Campus Placement Programme for Small & Medium Sized Enterprises(SMEs) and the Small and Medium Sized CA Firms May 2011 Posted: 04 Apr 2011 07:51 PM PDT The Institute of Chartered Accountants of India (ICAI) is pleased to welcome all Firms of Chartered Accountants (CAs) and leading companies to the forthcoming Exclusively Structured Campus Placement Programme for Small & Medium Sized... [[ This is a content summary only. Visit www.taxguru.in for full article ]] 
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| ICWAI – President Communique April, 2011 Posted: 04 Apr 2011 07:22 PM PDT In one of the International economic forum held recently at Singapore, it was opined by some experts that Indian Economy may still be trailing China's now but it can catch up if the country opens up its financial sector more. They said the problem... [[ This is a content summary only. Visit www.taxguru.in for full article ]] 
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| ICWAI Signs MOU with National Institute of Accountants (NIA), Australia Posted: 04 Apr 2011 07:14 PM PDT 1. National Institute of Accountants, Melbourne, Australia and The Institute of Cost and Works Accountants of India (ICWAI), have signed a Memorandum of Understanding (MoU) on 9th March, 2011. 2. It will develop the profession of accounting for the... [[ This is a content summary only. Visit www.taxguru.in for full article ]] 
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| Justice Shiv Narayan Dhingra (Retd.) has taken over as Chairperson of Appellate Authority w.e.f 1st April, 2011 Posted: 04 Apr 2011 07:12 PM PDT Justice Shiv Narayan Dhingra (Retd.) has taken over as Chairperson of Appellate Authority constituted under Section 22A of the Chartered Accountants Act, 1949, Cost and Works Accountants Act, 1959 and Company Secretaries Act, 1980 w.e.f. from 1st... [[ This is a content summary only. Visit www.taxguru.in for full article ]] 
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| 'Raja acted dishonestly to fix spectrum prices at 2001 rate' – CBI Posted: 04 Apr 2011 07:10 PM PDT The probe into the 2G spectrum scam has revealed that former Telecom Minister A Raja ''deliberately and dishonestly'' did not consider auction or revision of entry fee and threw away the licences of radio waves at the rate prevailing in 2001,... [[ This is a content summary only. Visit www.taxguru.in for full article ]] 
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| Corrigendum to Notification No. 25/2011 – Service Tax Posted: 04 Apr 2011 06:13 PM PDT CORRIGENDUM- Dated: April 4, 2011 - In the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 25/2011-Service Tax, dated the 31st March, 2011 published in the Gazette of India, Extraordinary, Part II,... [[ This is a content summary only. Visit www.taxguru.in for full article ]] 
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| Issue of Postal Life Insurance Government of India Special Security Posted: 04 Apr 2011 06:06 PM PDT Government of India have announced the issue of 8.01 per cent 'Postal Life Insurance Government of India Special Security 2021' for Rs 4,000 crore (nominal) and 8.08 per cent 'Postal Life Insurance Government of India Special Security 2023' for Rs.... [[ This is a content summary only. Visit www.taxguru.in for full article ]] 
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| Appoints Common Adjudicating Authority- Notification No. 27/2011-Customs (N.T.)-Cus(NT) dated -01-04-2011 Posted: 04 Apr 2011 05:43 PM PDT Notification No. 27/2011-Customs (N.T.)- In exercise of the powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby appoints the Joint... [[ This is a content summary only. Visit www.taxguru.in for full article ]] 
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| Amends regulation – Courier Imports and Exports (Electronic Declaration and Processing) Regulations Posted: 04 Apr 2011 05:40 PM PDT Notification No. 26/ 2011 - Customs (N.T.) - In the Courier Imports and Exports (Electronic Declaration and Processing) Regulations, 2010, (hereinafter referred to as the said regulations),- (1) in regulation 3 of the said regulations, in... [[ This is a content summary only. Visit www.taxguru.in for full article ]] 
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| ICC says World Cup trophy with Indian team is original Posted: 04 Apr 2011 06:47 AM PDT The ICC today rejected reports that the World Cup with the Indian team is a replica and maintained that it is the original trophy after controversy broke out over news that that it was a fake that was presented to the team on Saturday. Media reports... [[ This is a content summary only. Visit www.taxguru.in for full article ]] 
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| World Cup replica with Indian team, says BCCI source Posted: 04 Apr 2011 06:42 AM PDT The Indian cricket players can't seem to put it down it but the World Cup trophy they have with them is actually just a replica as the original is still lying with the customs. "The original is lying with the Customs," said a BCCI sources without... [[ This is a content summary only. Visit www.taxguru.in for full article ]] 
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| CBEC Clarification on ICC Cricket World Cup 2011 Trophy Posted: 04 Apr 2011 06:25 AM PDT The Central Board of Excise and Customs (CBEC), Ministry of Finance has denied that the original ICC Cricket World Cup 2011 trophy is lying in the Airport Customs Warehouse in Mumbai. The clarification was issued in response to the report appearing... [[ This is a content summary only. Visit www.taxguru.in for full article ]] 
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| Customs captures cricket World Cup 2011 trophy Posted: 04 Apr 2011 06:25 AM PDT The Press all over the world reported that the Customs Officers agreed to release the trophy if they were given tickets for the match. The ICC official gave them the shock of their lives and asked them to keep the trophy as there was another... [[ This is a content summary only. Visit www.taxguru.in for full article ]] 
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| Continuous services notified for purpose of Point of Taxation Rules, 2011 – NOTIFICATION NO. 28/2011 – SERVICE TAX, DATED 01-04-2011 Posted: 04 Apr 2011 06:09 AM PDT NOTIFICATION NO. 28/2011 – SERVICE TAX, CBEC has notified following service under continues service category for Point of taxation rule under service tax videNotification number 28/2011 dated 01.04.2011:- clause (zzq) of section 65(105) :... [[ This is a content summary only. Visit www.taxguru.in for full article ]] 
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| Physical Research Laboratory, Ahmedabad notified as an approved organization u/s 35(1)(ii) – NOTIFICATION NO. 17/2011, DATED 01-04-2011 Posted: 04 Apr 2011 06:05 AM PDT NOTIFICATION NO. 17/2011 [F.NO. 203/16/2009/IT (A-II)], DATED 1-4-2011 - Income-tax : Section 35(1)(ii) of the Income-tax Act, 1961 - Scientific research expenditure - Approved scientific research associations/institutions- It is hereby notified... [[ This is a content summary only. Visit www.taxguru.in for full article ]] 
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| Revision U/s. 263 is void if Reason not stated in show cause notice – ITAT Mumbai Posted: 04 Apr 2011 05:40 AM PDT Synergy Entrepreneur Solutions Pvt Ltd vs. DCIT (ITAT Mumbai)- The reason given for the revision in the s. 263 order (that the AO has not verified the issue) is different from the reason set out in the show-cause notice (that speculation loss cannot... [[ This is a content summary only. Visit www.taxguru.in for full article ]] 
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| Analysis of Key Service tax and Cenvat credit amendment Notification issued on 31.03.2011 which are applicable from 01.04.2011 Posted: 04 Apr 2011 04:17 AM PDT Point of taxation- Transition rule- The Point of Taxation Rules effective from 1 April 2011 determining point of tax will not apply where- provision of service is complete prior to 1 April 2011; Or invoice is issued prior to 1 April 2011 An... [[ This is a content summary only. Visit www.taxguru.in for full article ]] 
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| Transfer of Joint / Additional Commissioner of Income Tax – CBDT order No. 59 of 2011 Posted: 04 Apr 2011 04:16 AM PDT ORDER NO.59 OF 2011- The following officers in the grade of Joint / Additional Commissioner of Income Tax are hereby transferred and posted at the station indicated against each in the Directorate of International Taxation and Transfer Pricing with... [[ This is a content summary only. Visit www.taxguru.in for full article ]] 
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| PAC quizzes Tata, Radia in 2G allocation scam Posted: 04 Apr 2011 03:59 AM PDT Top industrialist Ratan Tata and corporate lobbyist Niira Radia were today quizzed by Parliament's Public Accounts Committee (PAC) in connection with alleged irregularities in the 2G spectrum allocation. Radia, whose tapped phone conversations with... [[ This is a content summary only. Visit www.taxguru.in for full article ]] 
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| Graeme Smith under fire for staying back in India to avoid tax on Income Posted: 04 Apr 2011 03:53 AM PDT Already drawing flak for South Africa's early exit from the World Cup, outgoing cricket captain Graeme Smith has drawn more criticism for staying back in India even after the quarterfinal defeat to avoid paying income tax back home. Smith, currently... [[ This is a content summary only. Visit www.taxguru.in for full article ]] 
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| India received USD 628 bn from abroad in Dec 2010 Posted: 04 Apr 2011 03:53 AM PDT Foreign investment in India rose by USD 22.7 billion in the quarter ending December 2010 to USD 628 billion, mainly on account of increase in portfolio investment and FDI. Total foreign fund inflows, including FDI, portfolio investment and external... [[ This is a content summary only. Visit www.taxguru.in for full article ]] 
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| CBI files its first chargesheet in the 2G spectrum against A Raja, CA Gautam Doshi and Posted: 04 Apr 2011 02:28 AM PDT The CBI on Saturday filed its first chargesheet in the 2G spectrum probe against former Telecom Minister A Raja and some of his close aides. The 80,000-page charge sheet alleges a loss of over Rs 30,000 crore rupees because of Raja's lapses. Charges... [[ This is a content summary only. Visit www.taxguru.in for full article ]] 
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