ITR-4- ITR-4S Download Free Online Software for A.Y. 2011-12 in Excel Format

ITR-4- ITR-4S Download Free Online Software for A.Y. 2011-12 in Excel Format Posted: 20 May 2011 08:00 PM PDT Income Tax department on 20.05.2011 releases official downloadable Online Income Tax Return Preparation / Filing Software- ITR-4 and ITR 4-5 Applicable for Assessment year 2011-12 / Financial Year 2010-11. Income Tax Department has already... [[ This is a content summary only. Visit www.taxguru.in for full article ]] Download Form 16 and Form 16A applicable for Financial Year 2010-11 / A.Y. 2011-12 Posted: 20 May 2011 07:59 PM PDT Download Form 16A and form 16 (Salary Certificate as applicable for A.Y. 2011-12 F.Y. 2010-11) and onwards in Excel Format alongwith Annexures for Government and non Government Employers. [[ This is a content summary only. Visit www.taxguru.in for full article ]] Understanding Double Tax Avoidance Agreement (DTAA) with Latest Case Laws Posted: 20 May 2011 07:58 PM PDT There are two kinds of DTAA. Comprehensive Agreements & Limited Agreements. Comprehensive Agreements scope is to addressing all source of income whereas Limited Agreements scope to cover only. (a) Income from Operation of Aircrafts &... [[ This is a content summary only. Visit www.taxguru.in for full article ]] Maharashtra Vat On Fabric – Fresh Confusion Part – II – VAT @ 4% / 5% is Chargeable On Fabric w.e.f. 1st April 2010- Know How? Posted: 20 May 2011 07:58 PM PDT While the intentions of the State Government are clear as to non levy of VAT on Fabric, but due to some misdrafting of the rules and notifications, the general public is put under severe confusion as to whether a specific levy is applicable to it... [[ This is a content summary only. Visit www.taxguru.in for full article ]] Circular on interpretation of the term 'used outside India' under Export of Services Rules for the period upto 27 February 2010 Posted: 20 May 2011 06:36 PM PDT The Central Board of Excise and Customs ('CBEC') has issued a clarification vide Circular No 141/10/2011 - TRU dated 13 May 2011 ('Present Circular') with regard interpretation of the term used outside India under the Export of Services Rules, 2005... [[ This is a content summary only. Visit www.taxguru.in for full article ]] CBDT permits issue of TDS certificate for non-salary (Form 16A) income with digital signature Posted: 20 May 2011 06:29 PM PDT CBDT has recently vide Circular No. 3/2011 [F.No. 275/34/2011-IT(B)] (Circular) dated 13 May 2011 permitted issue of certificate for tax deducted at source (TDS certificate) with digital signature for TDS from income other than salary income... [[ This is a content summary only. Visit www.taxguru.in for full article ]] All certificates and standard letters issued by Registrar of Companies will now be issued electronically Posted: 20 May 2011 05:15 PM PDT In order to cut timelines and an another step towards "Green Initiative" it has been decided that all certificates and standard letters issued by the Registrar of Companies will now be issued electronically under the Digital Signature of the... [[ This is a content summary only. Visit www.taxguru.in for full article ]] Procedure under the Companies Act, 1956 for holding general meeting through electronic mode Posted: 20 May 2011 05:10 PM PDT The Ministry of Corporate Affairs has clarified that that a shareholder of the company may participate in a general meeting under the provisions of Companies Act, 1956 through electronic mode. The Clarification is a sequel to the representations... [[ This is a content summary only. Visit www.taxguru.in for full article ]] Govt allows holding of AGM through video conferencing Posted: 20 May 2011 05:07 PM PDT The government today allowed companies to hold annual general meetings through video conferencing, with a view to provide larger participation and for curbing costs, borne by the shareholders to attend AGMs. Accordingly, a company would have to send... [[ This is a content summary only. Visit www.taxguru.in for full article ]] Sebi stops Vaswani Industries listing suspecting dummy IPO subscriptions Posted: 20 May 2011 04:17 PM PDT The Securities and Exchange Board of India (Sebi) has halted the listing of Vaswani Industries and launched investigations into the issue. Around 3,000 retail applicants withdrew their applications and several others were disqualified due to... [[ This is a content summary only. Visit www.taxguru.in for full article ]] 2G Scam – Bail can not be given just on the basis of Gender Posted: 20 May 2011 04:07 PM PDT The plea of "womanhood" raised by noted criminal lawyer Ram Jethmalani could not cut ice with a Delhi Court which today rejected the bail plea of DMK MP Kanimozhi saying that gender cannot be considered as a ground for relief in the 2G spectrum... [[ This is a content summary only. Visit www.taxguru.in for full article ]] 10 Driving Training Schools to be set up with a Cost of Rs. 140 Crores Posted: 20 May 2011 02:36 PM PDT 10 driving training schools with an estimated cost of Rs. 140 crores are proposed to be set up during the 11th Five year plan under a new comprehensive scheme of the Ministry of Road Transport & Highways. So far, sanction has been accorded by... [[ This is a content summary only. Visit www.taxguru.in for full article ]] Oilfield service company – whether an industrial undertaking/ mineral oil concern Posted: 20 May 2011 09:27 AM PDT HLS India Ltd. (2011) 11 taxmann.com 83 (Delhi) - The wireline logging and perforation services provided to oil companies amount to manufacturing and production of article or thing and therefore provider of such services will be regarded as... [[ This is a content summary only. Visit www.taxguru.in for full article ]] Increase in Housing Loan Limit under Priority Sector -Circular No. RPCD.CORRB.No.71/03.05.33/2010-11 Posted: 20 May 2011 08:30 AM PDT Pursuant to the announcement made by Union Finance Minister in paragraph 44 of the budget for the year 2011-12, it has been decided to increase the above limit from Rs. 20 lakh to Rs. 25 lakh. 3. The above change will be applicable to housing loans... [[ This is a content summary only. Visit www.taxguru.in for full article ]] Supreme Court hedges against an attack to broaden Bhatia International Posted: 20 May 2011 07:49 AM PDT Videocon Industries Limited Vs- Union of India and Anr - Supreme Court of India rejects petition under Section 9 of Arbitration & Conciliation Act, 1996 holding that application of Part I of the Act has been excluded. The judgment is indeed... [[ This is a content summary only. Visit www.taxguru.in for full article ]] Transfer Pricing – Arm's length price under TNMM can be determined even with one comparable company Posted: 20 May 2011 04:01 AM PDT The Delhi bench of the Income-tax Appellate Tribunal recently pronounced its ruling in the case of Haworth (India) Private Limited v. DCITwherein it upheld Revenue's contention that arm's length price can be determined under transactional net... [[ This is a content summary only. Visit www.taxguru.in for full article ]] Salient features of Combination Regulation, 2011 issued by Competition Commission of India Posted: 20 May 2011 03:49 AM PDT Competition Commission of India (CCI) has on 11 May 2011 issued the Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Regulations, 2011 (Combination Regulations) which deals with merger and... [[ This is a content summary only. Visit www.taxguru.in for full article ]] RBI Circular on Setting up of Central Electronic Registry under the SARFESAI Act, 2002 Posted: 20 May 2011 01:55 AM PDT The Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI), a Government Company licensed under section 25 of the Companies Act 1956 has been incorporated for the purpose of operating and maintaining the... [[ This is a content summary only. Visit www.taxguru.in for full article ]] NBFCs- RBI's advisory regarding updation of consolidated list of individuals/entities linked to terrorist organisations – CIRCULAR NO. DNBS(PD).CC. NO. 219/03.10.42/2010-11, DATED 16-05-2011 Posted: 20 May 2011 01:50 AM PDT CIRCULAR NO. DNBS(PD).CC. NO. 219/03.10.42/2010-11 The Chairman of UN Security Council's 1267 Committee has issued a note on March 24, 2011 regarding changes made in the consolidated List of Individuals and entities linked to Al-Qaida and Taliban... [[ This is a content summary only. Visit www.taxguru.in for full article ]] New Director's Relative (Office or Place of Profit) Rules, 2011 – NOTIFICATION NO. G.S.R. 357(E), DATED 02-05-2011 Posted: 20 May 2011 01:47 AM PDT 1. (1) Short Title and Commencement: (1) These rules may be called Director's Relative (Office or Place of Profit) Rules, 2011. (2) They shall come into force on the date of their publication in the Official Gazette. [[ This is a content summary only. Visit www.taxguru.in for full article ]] Apple Android phones face tighter laws in Europe Posted: 20 May 2011 12:27 AM PDT Smartphones of Apple and Google are likely to face tighter regulation in Europe after a data protection panel ruled that location information collected by the devices should be classified as personal data, says a media report. [[ This is a content summary only. Visit www.taxguru.in for full article ]] Regarding inclusion of ICD Marripalem (Guntur Dist.) in Customs Notifications under specified Export Promotion Schemes Posted: 20 May 2011 12:20 AM PDT Notification No. 40 /2011 - Customs In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby... [[ This is a content summary only. Visit www.taxguru.in for full article ]] Supreme Court stays further action under SARFEASI Act in respect of Co-operative Bank cases in DRTs Posted: 20 May 2011 12:14 AM PDT Mr. Bharat Gandhi, Advocate, Mumbai has informed us that in respect of the parties whose cases are pending in DRTs, if one approaches the Supreme Court under Article 32 of the Constitution, the Supreme Court is issuing ex-parte stay orders... [[ This is a content summary only. Visit www.taxguru.in for full article ]] Hedging IPO flows by Foreign Institutional Investors (FIIs) under the ASBA mechanism Posted: 19 May 2011 11:40 PM PDT A.P. (DIR Series) Circular No. 68 - It has been decided that for Initial Public Offers(IPO) related transient capital flows under the Application Supported by Blocked Amount(ASBA) mechanism, foreign currency-rupee swaps may be permitted to the FIIs... [[ This is a content summary only. Visit www.taxguru.in for full article ]] Forward cover for Foreign Institutional Investors – Rebooking of cancelled contracts Posted: 19 May 2011 11:35 PM PDT A. P. (DIR Series) Circular No. 67 - Currently, in terms of Section C (i) (d) of the A. P. (DIR Series) Circular No. 32 dated December 28, 2010, Foreign Institutional Investors (FIIs) are permitted to cancel and rebook upto two percent of the market... [[ This is a content summary only. Visit www.taxguru.in for full article ]] Union Cabinet okays proposal to revive Scooters India through JV route Posted: 19 May 2011 09:55 PM PDT It is proposed to revive the company through induction of a strategic partner by offloading the entire Government equity of around 95%. The balance 5% equity will remain with banks, financial institutions, corporate bodies and others. This will help... [[ This is a content summary only. Visit www.taxguru.in for full article ]] 2G Scam – Lawyer seeks to implead Anil Ambani, Radia Posted: 19 May 2011 09:50 PM PDT A lawyer today approached a Delhi court seeking a direction to CBI to implead various other persons, including Reliance ADAG chairman Anil Ambani, Tata group chief Ratan Tata and corporate lobbyist Niira Radia, as accused in the 2G scam case. [[ This is a content summary only. Visit www.taxguru.in for full article ]] GOvt to decide soon on EFPO interest rate for 2011-12 Posted: 19 May 2011 09:35 PM PDT Labour minister Mallikarjun Kharge today said here that Employee Provident Fund trustees would meet soon to discuss the interest rate for 2011-12 and appointment of fund managers. The PF trustees are meeting shortly; this month or next. [[ This is a content summary only. Visit www.taxguru.in for full article ]] 2G Scam – Kanimozhi arrested as bail plea rejected by CBI court Posted: 19 May 2011 09:35 PM PDT A special Central Bureau of Investigation (CBI) court on Friday ordered "forthwith" arrest of DMK MP Kanimozhi and Kalaignar TV MD Sharad Kumar after rejecting their bail pleas in the 2G spectrum case. [[ This is a content summary only. Visit www.taxguru.in for full article ]] RBI releases 'Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks – December 2010′ Posted: 19 May 2011 09:31 PM PDT The Reserve Bank of India today released its 'Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks, December 2010'. The publication contains data relating to deposits and credit of scheduled commercial banks including regional... [[ This is a content summary only. Visit www.taxguru.in for full article ]] UN expert lauds UK limits on vulture funds that prey on poor nations' debt Posted: 19 May 2011 09:30 PM PDT A United Nations human rights expert today welcomed the United Kingdom's decision to limit lawsuits from so-called vulture funds that prey on the debts of the world's poorest nations, and asked that the initiative be extended to cover the country's... [[ This is a content summary only. Visit www.taxguru.in for full article ]]