404 Not Found
We cannot locate what you are looking for. Try the search engine:
Yearly Archive
Monthly Archive
Category Archive
Posts Archive
- Exemption from furnishing return of income for A.Y. 2012-13 to salaried taxpayer
- Ordinary profits’ referred to in Section 80IA is different from the ‘ALP’
- Section 54F benefit remains intact even if Assessee transfer New house acquired to claim S. 54F to acquire another house
- Mere Sale & Lease Back cannot lead to conclusion that transaction is sham
- Even in a case where no expenditure is incurred, AO has to apply Rule 8D
- S. 14A In case net interest is income, no part of interest paid can be disallowed for earning tax free dividend
- Interest free loan is subject to arm’s length test irrespective of commercial expediency
- ALP cannot be applied to determine ‘ordinary profits’ for computing S.10A deduction
- Payments for purchase of Software not Royalty – ITAT Mumbai
- S. 80-IB(10) deduction available to taxpayer who is not merely a land owner but carries on activities along with promoter for developing & building approved housing project
- Severance benefits (including Leave Encashment) received outside India from former employer for services rendered outside India not taxable in the hands of an individual who is a Not Ordinary Resident
- Insertion of New Rule 10AB – Determination of arm’s length price
- Charitable trust is not invalid merely because settlor or Poor Relative of settlor is one of the beneficiary
- India and Netherlands sign Protocol Amending DTAC
- Requirements for requesting information under the India-Switzerland tax treaty relaxed
- S.68 If assessee fails to prove identity & credit worthiness of creditor than AO can treat the loan as income
- Agent not liable for tax on income earned on behalf of principal but only for charges received for his service
- I-T department working on strategy to prevent corruption
- SEBI Amendment to the Consent Circular dated 20th April 2007
- Amends Notification No. 68/2011-Customs (N.T.), dated 22nd September, 2011
- Rate of exchange of conversion of each of foreign currency wef 25th May, 2012
- Regarding inclusion of Sea Port KARAIKAL (Union territory of Puducherry) in the list of ports permitted for exports and imports under Export Promotion
- How To Recover TAN Registration Number (TRN) if Forgotten or lost?
- Who is a First Stage Dealer & Concept of Transit Sale
- Stamp Papers valid even after six month of Purchase
- How to Enable Macros in Microsoft Excel For Income Tax Return (ITR)
- Amendments in DTAA between India & Japan
- ITAT Asks CBDT to take notice of Mistakes in Central processing of Returns
- Whether assessee could book its expenses on accrual basis & receipts on actual receipt basis
- When addition itself Set aside, there cannot be penalty for concealment of income
- Onus on Assessee to Prove bank A/c do not belong to Assessee or is Bogus
- ICSI Annual Membership & COP Fees for the year 2012-13
- GPF and SDS Interest Rates Revised for Financial Year 2012-13
- Download Free e-filing Excel Software for ITR 1, 2, 3, 4, 4S,5, 6 for A.Y. 2012-13
- Revised Position Limits for Trading Member (Banks) in Exchange Traded USD – INR derivative contracts
- Zone-shifting of candidates for June – 2012 CA – CPT Exams
- Post Budget Service Tax on Chartered Accountants
- Taxation of HUF & Family Arrangement
- Budget 2011 – Income Tax Amendments Applicable for A.Y. 2012-13
- Govt Hikes Petrol price by Rs 7.54 a litre
- Prepare & File Electronically MVAT Return with Tally
- TDS on Hotel Room Rent & Other Facilities?
- Meaning of Electronic Clearing Service (ECS) & how it works
- Jokes on Chartered Accountants
- How to know CIBIl Rating & Access Credit Information Report?
- Deemed Dividend over Closely Held Private Companies
- S. 292BB – Assessment can not be annulled If no objection regarding valid service of notice was taken before completion of assessment
- A.O. can not make the additions deleted by Appellate Authorities while Passing order U/s.154
- S.25 Company – Amendment in MOA without Government permission is illegal
- Bribery Case – CBI arrests three excise officials in Pune
- DTAA with Switzerland -Black Money of Rs. 565 Crores Detected in 6 Months
- If a pure question of law arises for which facts are on record of the authorities below, the question should be allowed to be raised if it is necessary to assess correct tax liability
- Payment of EPF – Who can attest the claim of liquidated company?
- Govt raises interest rate on GPF to 8.8% for 2012-13
- 21 bills passed by the Parliament during Budget Session- 2012
- ICAI – Companies/Agencies Seeking Verification of Qualification to Remit Fee
- Revised Schedule VI – Normally Asked Questions
- All about NSC and Tax Benefit
- Arbitration Award after efflux of prescribed time – Valid or invalid?
- White paper on Black money Proposes to Enhance Auditors Accountability
- Income Tax Calculator F.Y. 2012-13 / A.Y. 2013-14
- Exercise of power U/s.131(1A) is contemplated in a situation anterior to exercise of power U/s. 132
- Kotak Life Insurance Records 109% Growth in Profit in FY 2011-12
- Share application money received – Genuineness merely only on the basis of bank Entries
- Average Time for Registration of Trademarks reduced from 26M to 12M
- Revised criteria for declaring a Financial Institution as PFI U/s. 4A, of Companies Act, 1956
- Penalty u/s. 271(1)(c) cannot be imposed on a debatable issue
- Final Guidelines on Basel III Capital Regulations
- Expense Allowable if TDS Paid TDS paid on or before the due date of filing of return u/s. 139(1)
- GST to Make Goods and Services more Competitive both in Domestic and International Markets – FM
- Punjab VAT- proposing to amend forms VAT-1, VAT-4, VAT-15, VAT-18, VAT-19, VAT-23, VAT-24 and VAT 56 and to introduce forms VAT 61 and VAT 62
- CMA – Attention Of Practising Members – CEP Credit Hours
- Rationalisation and Revision of Agency Commission Payable to Banks on Government Transactions
- Income tax Planning in respect of Salary Perquisites
- Create HUF to save tax & Format of HUF Creation Deed
- Effect of Non Registration of Partnership Firm
- Wealth Tax – Rates of Gold & Silver with valuation rules
- Procedure to receive Form 16A from TIN website
- Empanelment with Patilputra Central Co-Operative bank for Audit
- Benefits granted to a charitable institution cannot be extended to its substantially amended objects
- Indian Companies – Rising NPA
- SEBI – Master Circular for Mutual Funds
- RBI issues warning on phishing mail
- Black Money – White Paper May 2012
- SEBI (Alternative Investment Funds) Regulations, 2012
- Rate of exchange of conversion of each of the foreign currency with effect from 22nd May, 2012
- Anti Dumping Duty on White Cement – Notification No. 28/2012-Customs (ADD)
- Taxability of income in hands of a non-resident not a relevant consideration for treating a resident to be an agent of a non-resident
- A.O can not estimate Higher G.P. ratio without giving specific Reasons
- SEBI notifies SEBI (Alternative Investment Funds) Regulations 2012
- ESIC – No Need to Submit Hard Copy of Returns from March 2012
- How to surrender/Cancel extra /Additional PAN Online / Manually?
- Procedure for Conversion of partnership firm into company & Tax Effects
- Tax Free Bonds V/S Tax Saving Bonds
- TDS Return – How to make make Correction in Deductee Details?
- Persons carrying on agency business or earning commission income should revise their return for A.Y 2011-12, if original return filed u/s 44AD
- Taxation of Co-operative Housing Societies (CHS) & Income Tax Return
- GST, Dual GST – Meaning, Provisions & Applicabilty
- Service Tax – How to Apply for TPIN & Password
- If assessee surrenders an amount with a condition that no penal action shall be taken, to avoid further litigation and to buy peace, no penalty u/s. 271(1)(c) can be imposed
- Disclosure in respect of Micro, Small & Medium Enterprises in Annual Financial Statements
- Risk Management and Inter Bank Dealings – A.P. (DIR Series) Circular No. 129
- Compensation for under utilisation of production capacity not eligible for deduction u/s. 80IC
- DTAA cannot create any fresh tax liability which is not provided under Income Tax Act
- No capital gains tax on share transfer under family arrangement
- Regularization fees for violation in construction form part of Construction & Depreciation allowable
- Software License Charges – Payment for right to use of copyrighted article do not constitute ‘royalty’
- Living allowance on deputation or for temporarily deployment Outside India not taxable
- ITAT directs to allow risk adjustment on the comparables margin vis-a-vis the taxpayer’s
- Commission paid to director was not in lieu of dividend and therefore allowed u/s.36(1)(ii)
- Additional Depreciation can not be denied on the ground that electricity is not an article or thing
- If non-resident agent operates outside country, no part of his income arises in India
- Contribution towards costs of research / for the use of process or formula is Royalty
- Consideration for Grant of the use or consideration for right to use is Royalty
- Form 8,10 7 & 17 Can be filed despite Default in Filing of Annual Forms
- Changes to name availability guidelines
- FAQ On Prevention of Money Laundering Act, 2002
- Import Duty on Power Equipments
- MCA – Induction of Union Bank of India as Payment Gateway
- SC dismisses petition challenging Tariff Hike
- RPM most appropriate method for computing ALP of transaction wherein the taxpayer involved in purchase & resale of finished goods
- Investor Education and Protection Fund (Uploading of information regarding unpaid and unclaimed amounts lying with companies) Rules, 2012
- S. 195 Withholding of tax not required on salary of seconded employee reimbursed to a foreign company since such payment is not for rendering technical services
- First List of Allotment of Statutory audits of UCBs for the F.Y. 2011-12 in Maharashtra
- HC Takes Notice of TDS Refund Harassment by Dept & Demands Answers
- Section 234B Interest cannot be levied on Non Resident for failure on the part of payee to deduct TDS
- Books of account can be rejected either for default of ‘incomplete books’ or for ‘inaccurate books’
- Disallowances u/s 40(a) not applicable to charitable trust/institution u/s 11
- Will can not be rejected as valid document merely on the ground that it is neither registered nor notarized or was not found during search
- Courts should not interfere in policy matters of State unless policy violates mandate of Constitution
- Interest U/s. 234A to 234C Not Payable If Assessment Order Silent
- DEPB Income Eligible for Deduction U/s. 80HHC irrespective of Turnover
- List of CA/CMA Selected For Empanelment In Service Tax Commissionerate, New Delhi
- Sub Contractor not responsible for TDS u/s 194C(2)
- Key Income Tax amendments in Finance Bill 2012
- Key Indirect Tax amendments in Finance Bill 2012
- Section 54EC – Reckoning of Period From Date of Sale or Receipt of Payment?
- Excel Tips – Moving to the Last (or First) Cell in a Range
- An Overview of e-TDS & e-TCS
- Despite Last Chance appeal should be adjourned if there is sufficient cause
- Partnership deed need not quantify partner’s remuneration
- After Filling Appeal appellant can request withdraw of same if Tax Effect not significant
- Objective of Sec. 80-O is mainly supply of technical know-how or technical services to developing countries
- Itemized sale of assets with intention to transfer entire undertaking is slump sale
- In case of closed business Assessee must establish his intention and seriousness in reviving the business
- Anti Dumping Duty on Zinc Oxide – Notification No. 27/2012-Customs (ADD)
- Section 14A – Onus on AO to show expenditure incurred to earn tax-free income
- HC Reverses Law on Supply of Reasons for Reopening – Need not be supplied within limitation period
- HC dismisses Revenue Appeal for Non-Service of Notice of hearing
- Despite borrowing, gains on shares assessable as STCG & not business profits
- Tests to determine where shares gain is capital gains or business profits
- Section 14A & Rule 8D Disallowance Not Automatic
- Despite concealment Penalty U/s. 271(1)(c) can not be imposed if book profits assessed U/s. 115JB
- Share Transactions Income – Capital Gain or Business Income – Criteria
- TPO Cannot question business purpose of transaction
- Taxes levied in foreign countries on profits or gains is deductible u/s 37(1)
- Foreign Permanent Establishment profits may be taxed in India
- ICAI Invites Suggestions on Common Code for Excise & Service Tax
- To ‘make available’ technical knowledge’ payer must be enabled to perform service himself
- SC To Reconsider Verdict In S. A. Builders on allowability of Interest paid to acquire equity capital of subsidiary company
- No Disallowance U/s. 40(a)(ia) if TDS been Paid Before due date of Income Tax Return
- Tribunal cannot merely record its conclusions without discussing factual matrix, evidence & material
- Notice u/s 148 can be issued to assessee after 4 years if assessee has not truly and fairly disclosed material facts during assessment proceedings
- Sinking fund contribution for Replacement / Repair of Fixed Assets is capital receipt
- Composite contract for installation & commissioning cannot be split to exempt profits from offshore supply of goods
- Bank Finance Limit to NBFCs Predominantly Engaged in lending against Gold
- Clarification regarding classification of Structural Components of Boiler and Admissibility of CENVAT Credit on these Structural Components
- Treatment of Capital Goods sourced from SEZ and import of spares for such Capital Goods under EPCG Scheme
- Priority Sector Lending – Indirect Finance to Housing Sector – Limit Raised to 10 Lakh
- FM justifies decision to neutralise impact of SC decision in Vodafone case
- Web enabled facility to ascertain insurance particulars of motor vehicles
- Empanelment with Chennai Metro Rail Limited for Internal Audit
- Cancellation of transfer order of Judicial Member, Chandigarh Benches to Pune Benches of ITAT
- Transfer of specified members of ITAT from one Bench(es) to another Bench(es)
- Mock Tests for CAT Level-1 Students Appearing For Exam on 24.6.2012
- ICAI Group to examine eligibility for statutory audit of private/foreign banks vis-à-vis public sector banks
- Which Challan to use for Paying Income Tax Appeal Fees
- Use Separate TDS Challan for Separate sections & deductee category
- Section 54 Exemption Available on Exchange of old Flat by New
- Rajya Sabha passes Finance Bill 2012
- Listing of Government Companies in Stock Exchange
- Excel Tip – Formatting Cells Containing Formulas
- Reassessment on the basis of precise information received from Enforcement Directorate valid
- Mere erroneous claim in the absence of any concealment or furnishing of inaccurate particulars, is no ground for levying penalty
- Same view should continue to prevail for subsequent year also unless there is material change in the facts
- A person who preferred his evidence on affidavit, need not make oral deposition in court, before the accused is summoned or required to cross-examine
- Deduction u/s 80HHC under provisions of S.115JB will be limited to relief certified by CA
- Rule 8D prospective and applicable on and from the A.Y. 2008-09
- Due Date for payment of Employee Provident Fund (EPF)
- Baba Ramdev’s trust to Pay Tax on manufacture and sale of medicines
- Provisions of Section 14A & Rule 8D constitutionally valid
- HC have no jurisdiction to entertain Award petition which is also Pending in Malaysian Court
- CS Students Can Download Admit Card For June 2012 Examination after 19th May 2012
- Mere Disallowance of Expense not a ground to proceed u/s 271(1)(c)
- Reporting by the Statutory Auditors on Accounting for Liabilities Arising on Dismantling of Indian Motor Third Party Insurance Pool
- Interest Rates on FCNR(B) Deposits wef close of business in India on May 4, 2012
- RBI – Financial Inclusion – Use of Business Correspondents
- Point of Taxation Rules – Applicability of New or Old rate of Service Tax
- Some More Tax Sops As Budget Passed
- TDS on exempt incomes (especially agricultural income)
- Guidance Paper on Draft Place of Provision of Services Rules, 2012
- Adhoc disallowance should not be made for expenses which can not be inflated
- Few tips to Prevent Income Tax Raids
- Double Tax Avoidance Agreements & Taxation
- Deductions allowable against Income from House Property
- Procedure for Online Registration of TAN
- Service Tax Exemptions Under New Negative List Regime
- Declared Services under Service Tax & Tax Provisions
- MVAT – Input Credit – No set off without any tax being received into the Government Treasury
- Offence u/s.138 of Negotiable Instruments Act can be compounded at the discretion of Complainant
- CIT (A) should consider additional evidence before passing the order
- If Section 263 order not survive then assessment order in pursuance to such order cannot survive too
- Rent to be charged as ‘Income from other sources’ if not chargeable to income tax as profit and gains of business or profession
- Depreciation allowed on capital expenditure on account of payment of customs duty
- Section 205A & 205C of Companies Act 1956 are not violative of Article 14 of Constitution
- Stay against Income Tax Demand if Assessee not produced his Present financial position?
- Confession of co-accused u/s. 108 Customs Act not admissible if he is not jointly tried with Petitioner
- Appeal dismissed for Non-Prosecution can be recalled on pray for recall
- In the absence of cooperation from Assessee CIT (A) can adjudicate appeal on merits
- Assessee entitled to depreciation @ 60% on the computer & computer peripherals
- NSE byelaws, rules and regulations would prevail over the Limitation Act, 1963
- ITO to Undergo 3 Years Imprisonment in Disproportionate Assets Case
- View Online e-TDS / TCS statement submitted with status
- Return of income is the only document where assessee can furnish his income details
- Increase in Number of Tax Payers
- Preventive Measures to Control Crime Against Women
- FTP – Port Codes allotted to 58 SEZs
- FTP – Export of Sugar – DGFT Modifies Circular within 2 days
- Tariff Value – Hike in Brass Scrap; Decrease for Gold and Silver
- Extension Of Time Limit To Process Application For Recognition Of EPF Organisation
- Professionals to Pay Service Tax @ 12% for Invoice Raised before 01.04.2012
- Amendments Proposed in Provisions Relating to GAAR
- Conversion of EEFC balances into rupee balances will only be applicable to available balances in EEFC account
- Handling of Cargo in Customs Areas Regulations, 2009 – Amended
- Transfers of ITAT Members (May 2012)
- Amendment to Scheme of Authority For Advance Ruling In Case of GAAR
- If facts are same then ITAT has to its follow its earlier decision
- CA student Commit Suicide on failure in Exam
- Merely because there was no evidence of denial or rebuttal, the plaintiff’s case could not be held to have been proved
- Form 16 Excel Utility for F.Y. 2012-13
- Download Form-16 with 24Q (Annual Return) in Excel Format
- Procedure & documents required in respect of Single/Centralised Registration under Rule 4 of Service Tax Rules,1994
- Download House Rent Allowance (HRA) Calculator
- Download Loan and EMI calculator for Free
- FDI up to 100 per cent under automatic route covers only financial leases & not operating leases
- Change in CA Final Exam Venue at Patna
- Info on Tax Treaties Entered with Foreign Countries
- Conditions and modalities for registration of contracts with DGFT for export of sugar
- DGFT Notification to Help Areca Nut Growers
- Income Tax – Empanelment of Senior / Junior Standing Counsel, Nagpur
- Expression of Interest for Managed Service Provider for setting up of Tax Information Network
- Amends Notification No. 36/2001-Customs(N.T) dated 3rd August 2001
- Constitutional provisions relating to taxation-How important to understand tax laws
- Anti Dumping Duty on Tyre Curing Presses from China
- Anti Dumping Duty on Dry Cell Batteries from China – extended
- Customs – Anti Dumping Duty – PVC Flex Film from China Provisional Assessment Ordered
- Section 80CCG – Deduction for Investment Made Under Equity Saving Scheme
- SC Upholds Powers of Central Excise Officers to Issue Summons for Recording Evidence During Investigations
- Customs – Concessional rates for imports from Singapore – Sanitary towels included
- Seeks to amend notification no. 75/2005-Customs, dated 22nd July, 2005(India-Singapore CECA)
- Seeks to amend notification no. 74/2005-Customs, dated 22nd July, 2005(India-Singapore CECA)
- Seeks to amend notification no. 73/2005-Customs, dated 22nd July, 2005 (India-Singapore CECA)
- Budget 2012 – Income of Prasar Bharati To Be Exempt From Tax
- EPF Returns to be submitted by employer in electronic format
- Share premium in excess of fair market value to be treated as income
- Integration of LLP System into MCA-21
- Stopping of Form I- Cost Audit Report and Form A- Compliance Report
- Seeks to amend notification No. 49/2008-Central Excise (N.T.), dated the 24th December, 2008,
- Sugar Export – Prior registration of quantity with DGFT mandatory
- Jurisdiction of Registrar with regard to membership & Right of a particular member to vote at elections?
- Suppressing Material facts & Filing of successive petition amounts to abuse of Court Process
- Know MVAT Return Periodicity for FY 2012-13
- International Worker allowed to withdraw full amount standing to his credit in PF fund
- Minimum Wages Act,1948 – No discrimination between men and women workers
- Christian Lady in Parda Caught at Cochin Airport with Gold worth Rs.12 Lakhs
- FAQ’s on responsible handling of unauthenticated market related news or rumours by SEBI Registered Intermediaries
- Tax on Re-Registration of Vehicles
- As on 01.05.2012, 1,93,500 CAs registered with ICAI
- SEBI – Review of Regulatory Compliance and Periodic Reporting
- Revised Schedule VI – Key Features, Comparative analysis & Format
- TDS Certificates in Form 16A authenticated by digital signature
- Budget 2012- Capital Gain Tax on Sale of Residential Property & Tax Planning
- Frauds in the Name of Mumbai Customs Office/Officer
- Campaign to Recover Outstanding Income Tax Amount
- Government notifies Intime Properties Private Limited as industrial infrastructure undertakings under Section 80-IA
- Empanelment for Special Audit u/s 142(2A) of Income Tax Act, 1961 at Pune
- From Chairman, Professional Development Committee – May 2012
- Conmen Posing as CBI Officers/Acquaintances of CBI Officers & Fraudulent E-Mails Bearing CBI Logo
- Customs – Amendment in Conditions for Exemption from SAD
- Seeks to amend notification no. 15/2010 CE dated 27th February, 2010
- Seeks to amend notification 10/96-CE dated 23rd July 1996
- Seeks to amend notification No. 12/2012-CE dated 17.03.2012
- Exemption from excise duty on Articles of jewellery & goods falling under heading 8607
- Appointment of Senior / Junior Standing Counsels of Income Tax Department in Rajasthan High Court, Jaipur
- NSC (VIII Issue) – Revised Interest Rate From 01.04.2012
- Note for information of prospective candidates for Departmental Examination – 2012 for ITO/ITI
- NSC (IX Issue) – Amendment in Rules 15 & 16 – Revised Interest Rate From 01.04.2012
- Interest Rate on Post Office Recurring Deposit from 01.04.2012
- Customs – Rffective Rates – Notification No. 12/2012-Customs Amended
- Interest Rate on Senior Citizens Savings Scheme from 01.04.2012
- Interest Rate on Post Office (Monthly Income Account) from 01.04.2012
- Removal of CVD Exemption on Certain Item imported by or for Government
- Post Office Time Deposit Interest Rate from 01.04.2012
- LLP – Notice for filing Form-8 & 11 for Financial Year 2011-12
- Filing of Cost Audit Report (Form-I) & Compliance Report (Form-A) In XBRL Mode
- Seeks to amend CENVAT credit Rules, 2004 (Fifth Amendment)
- Empanelment of Senior / Junior Standing Counsels of Income Tax Department in Delhi High Court
- Chairman, CBDT inaugurated the 1st Aayakar Seva Kendra (ASK) of Delhi
- SION for new product Tubular Bags (Gauntlet) under Textiles Product Group
- 5 new items of import & 7 new items of export added to list of tradable items under Indo – China Border Trade
- Excise duty evasion of Rs.112 Lakh reported by Anti Evasion Unit of Jalpaiguri Division
- Additional conditions for Registration of Contracts for Export of Cotton
- Additional Procedure for Registration of Contracts for Export of Raw Cotton
- Onion Export allowed without MEP upto 2nd July 2012
- EOUs cannot supply marble in Domestic Tariff Area
- No separate activity code to identify Multi Level Marketing (MLM) companies
- Info on Income Tax search, seizure and survey
- Interest Rate on NRIs Deposits
- SC Questions Toll Tax when there are no smooth roads
- Budget 2012 – Prasar Bharati exempted from Income tax
- Govt. to recover Rs. 20,300 cr tax from Vodafone
- Review of Service Charges for Cheque Collection – Outstation and Speed Clearing
- RBI Guidelines for clearing of cheques where there is no formal clearing house
- Core Investment Companies (Reserve Bank) Directions, 2011 – Clarification on CICs Issuing Guarantees
- Revised Scheme for issue of Kisan Credit Card
- Documents Required for opening accounts of proprietary concerns
- Policy for Transfer of Borrowal Accounts from One Bank to Another
- Exim Bank’s Line of Credit to the Government of the Republic of Mozambique – A. P. (DIR Series) Circular No.125
- Foreign exchange earners can now retain only 100% of their forex earnings in EEFC A/c
- Fema – Amendment in intra-day open position / daylight limit of the Authorised Dealers
- PAN Meaning, Significance, who can apply & Procedure
- Waste not, want not – New Rules to regulate e-Waste
- Public Inspection of Physical records at ROC West Bengal discontinued till 31.07.2012
- Transfers & Postings of Assistant Commissioners of Income-tax – Order No. 83/2012
- Assessee can exclude freight and instance from turn over while computing deduction u/s 10B
- FCNR(B) funds representing deposit liabilities may be utilised for making loans to resident constituents
- Detection and Reporting Mechanism of Counterfeit Notes – Monetary Policy Statement 2012-13
- MVAT- Latest Suspicious Dealers List of 1155 Dealers
- Transfer Pricing – In Realm of evolution – Part II
- Clarification on service-tax payable where invoice raised before 01.4.2012
- Download ITR-1 (SAHAJ) & ITR-4S (SUGAM) Return Preparation Software
- IT Raids on Nithyananda Madurai Adheenam
- Download Amendments to Finance Bill 2012 as passed in lok Sabha
- Budget 2012- Tax on Subsidiarisation of Indian branches of foreign banks
- Prosecution for dishonoured cheques possible against Company & its functionaries – SC
- Use of words on a product package, even though they may not serve as brand names, would amount to infringement, if identical or similar to prior registered trademarks
- Non-brand use amounts to trade mark infringement
- Notional interest on deposits paid by employer to landlord cannot be considered while computing perquisite value of residential accommodation
- How to Verify Digitally Signed Certificate on MCA21 portal
- Empanelment with DFCCIL for Maintenance of Accounts
- Empanelment with HPGCL for preparation of Fixed Assets Registers & physical verification of assets
- Portable Provident Fund A/c numbers coming soon
- Calcutta HC strictures CLB member for ‘copy and paste disease’, ‘non-application of mind
- Registration of institution u/s 12AA cannot be cancelled if its receipts from trade, commerce, etc., exceeds Rs.10Lakhs/Rs.25 Lakhs limit u/s 2(15)
- Maternity Benefit Act, 1961
- RRBs – Interest Rates on FCNR (B) Deposits
- Foreign investment in Commodity Exchanges & NBFC Sector – Amendment to FDI Scheme
- Enforcement of Intellectual Property Rights on imported goods – Clarification on the issue of parallel imports
- FDI in India – Issue of equity shares under FDI scheme allowed under Government route
- No Case of Data Leak & Refund Frauds Detected Due to Outsourcing of Infotech Functions by IT Department
- Value of Assets Seized in Searches Conducted by Income Tax Department Stood at Rs. 905.61 Crore in 2011-12
- Clarification on AIRCEL Issue
- Non-furnishing of PAN by payee caused delay in filing of e-TDS return, penalty for such late filing not to be levied
- Analysis of Budget 2012 proposals, Changes & effects
- ICSI – Applicability of Schedule VI of Companies Act, 1956 for June 2012 Examination
- Exemption to LTCG on sale of unlisted securities in IPO + STT 0.2% on Such Sales
- Budget 2012 – Clarificatory amendments do not override provisions of DTAA
- GAAR – Advance Ruling Applies, Onus on Department, Change in Constitution, Applicable from AY 2013-14
- CBR Register case for Alleged Impersonation , Bribery & for Conducting Searches
- Govt withdraws Excise Duty on all precious metal Jewellery
- Retrospective amendment to Sec. 9 not applicable where assessment order already passed
- No TCS on Cash purchase of Jewellery upto Rs. 5 lakhs
- Exemption from service tax for specified service in the negative list extends to Agricultural produce
- Work Contracts definition enlarged to include movable properties
- Withdrawal of TDS on purchase of Immovable Property
- LTCG from sale of unlisted securities in case of NR / Private Equity Investors, to be taxed at 10%
- Lower rate of withholding tax of 5% on fund augmented from foreign borrowings extends to all businesses
- FM Budget speech dated 7-5-2012 on Finance Bill, 2012
- DVAT – Notification dated 23.03.2012 applicable only for movement of goods in pursuance of interstate sale, stock transfer & export
- MVAT Notification regarding entry C-12 -Bidy & D-12
- ICAI found irregularities in operations of MNC Audit firms
- MVAT Notification under Scedule entry C-75A- Poultry equipments
- Anti-dumping duty on imports of Viscose Filament Yarn, originating in, or exported from, China PR for a further period of five years
- MVAT Notification for ECS of Refund and Mandate form to be submitted by Dealer
- Exemption to notified class of investors from tax on consideration received by a closely held company in excess of the fair market value of its shares
- Foreign exchange remittance limit for miscellaneous purposes without documentation raised to USD 25000
- Transfer of Funds from NRO account to Non- Resident External Account
- ECB Policy – Utilisation of ECB Proceeds for Rupee Expenditure
- Notification No. 32/2012 – Section 35AC, read with Explanation (b) thereto of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes
- Now, browse Internet on Train for free without Data Card
- Housing Loans Come With Twin Benefits
- Company Law – Substitution of Forms 23C and 23D
- Filing Offer Documents under SEBI ICDR Regulations, 2009
- Earning capacity of deceased should be taken in account while calculating loss of income to family
- Service tax liability can be shifted – SC
- Irregularities in Sesa Goa Firm
- Custom Duty Exemption to Cut & polished diamonds sent abroad & re-imported
- ICAI – No Change in Schedule of Paper 4 of PCE Exam
- Policy Rate Reversal After 3 Years to help in Investment Revival – FM
- Future Implementation of XBRL
- IRDA – Amendment in Salary & Allowance payable to & other Terms and Conditions of Services of Chairperson and other members
- Permission for registration of contracts for export of cotton (Tariff Codes 5201 and 5203)
- Lesser Known tax saving tips
- RBI removes ceiling rate on export credit in foreign currency
- RBI raises Interest rate ceiling on Foreign Currency Non-Resident deposits of banks
- RBI takes measures to ease foreign currency flows
- DGFT withdraws suspension on Registration Certificates for export of cotton
- Guidelines For Speedy Sanction Of Prosecution Of Public Servants
- Exim Bank’s Line of Credit to the Government of Democratic Socialist Republic of Sri Lanka
- Exim Bank’s Line of Credit of USD 70 million to Government of the Republic of Congo
- DGFT revises ITC (HS) Code of 6 existing products
- Norms of ECB and FDI for real estate sector
- Pre-Payment Penality on Home Loans
- Apex Costing body wants Statutory Recognition for Profession
- Employers can now submit EPF subscription online
- Empanelment with HUDCO of CA Firm for 2012-2013 for Branch Audit
- HC asks ICAI to allow disabled CA examinee to take kins’ help in exam
- New Income tax return filing to create more hassles
- DVAT – No more half yearly/yearly returns, compulsory on line 2A/2B
- Inaccurate TDS returns may attract Penalty up to Rs. 1 Lakh
- Guidelines for setting up Infrastructure Debt Fund for the purpose of exemption u/s. 10(47)
- CBDT – ‘Vodafone was Warned’
- CBDT constitutes advisory group for International Taxation
- ICAI to start E-Diary in Articled Training
- How to translate your emails in Gmail?
- ISA Course Assessment Test on 23rd June 2012
- Aircel Ltd stake sale – Government Denies Allegations
- Post Office Agent Commission on Savings Schemes
- Fake Income Tax Raid at Saharanpur
- Exim Bank’s Line of Credit to the Government of Republic of Burundi
- Intra-bank Deposit Accounts Portability
- Priority Sector Lending-Indirect Finance to Housing Sector – Increase in Limit to 10 lakh
- SEBI – Auction calendar for allocation of FII debt limit
- Monetary Policy Statement 2012-13 – Exposure to Housing, Real Estate and Commercial Real Estate – Primary (Urban) Co-operative Banks
- Guidelines on Implementation of Basel III Capital Regulations in India
- Seeks to amend Notification 21/2012 – Customs, dated 17-03-2012
- Seeks to amend Notification 69/2011 – Customs, dated 29-07-2011 thereby exempting specific goods when imported into India from Japan
- Anti-dumping duty on imports of Partially Oriented Yarn originating in, or exported from, China PR
- Regarding Issue of ‘proper officer’ under the Customs Act, 1962
- Notification No. 39/2012 – Customs (N. T.) – Amends Notification No. 36/2001-Customs(N.T) dated 3rd August 2001
- Customs – Regarding classification of Micro / Mini SD Cards
- Two 15 Days GMCS Programme for CA students from 01.05.2012
- ICAI – Feedback of Candidates on Question Paper-Chartered Accountants Examinations, May 2012
- Clarification regarding withdrawal of provision of revalidation of RCs by RAs for export of cotton and cotton yarn
- Online transmission of DES (Advance Authorization), DFIA and EPCG at ICD CONCOR, Tondiarpet, Chennai, Tamilnadu (IN TVT 6) w.e.f. 08.05.2012 – regarding
- Regarding File applications for 53 SEZ ports codes
- Amendment in Appendix 1 of HBP Vol. I (Appendices and Aayat Niryat Forms), 2009-2014
- Amendment of SION of Food Products (Code ‘E’) in the HBP V.2 (2009-14) – Re-numbering of SION E – 1A as E – 131
- Amendment of SION of Food Products (Code ‘E’) in Handbook of Procedures V.2 (2009-14)
- Amendment in policy for export of Casein and Casein products
- Regarding services provided by the Agricultural Produce Marketing Committee (APMC) /Board
- Display of Citizens Charter in all buildings of Income Tax Department
- Lump sum sales tax on brick klin owners on the basis of production capacity unconstitutional
- Tenancy Rights’ and action under SARFAESI Act, 2002?
- General Circular No. 7/2012- Name Availability Guidelines, 2011
- ICSI – Waiver of Transaction Charges for Online Payments to the Institute
- Rates of income-tax in respect of incomes liable to tax for A.Y. 2011-12
- The Employees’ Provident Funds And Miscellaneous Provisions Act, 1952 (Act No. 19 of 1952)
- CBI arrests JCIT, Raipur in bribe case
- Punishment not prescribed under the statutory rules cannot be imposed
- Difference between Finance & Operational Lease
- Delhi HC on What is Make Available Technical Service?
- Explanation to s. 37(1) not apply if unaccounted business is not an illegal business
- How to Send free SMS from Gmail
- Empanelment with IIFCL Ltd. for Internal Audit
- Corporate Debt Restructuring Mechanism – Need to Review/ Re-Define the Policy
- Know your STD Code
- Download EMI Calculator & EMI in Terms of FD & RD
- TDS on Salary – Rate & Provisions A.Y. 2012-13
- Rate of exchange of conversion of each of the foreign currency wef 1st May, 2012
- S. 36(1)(ii) Without Evidence AO can not presume Commission paid as Dividend
- If recipient of services is required to pay service tax than provider of services not required to pay
- Whether section 127(2) transfer order is invalid for want of reasons referred to Full Bench
- Section 10A / 10B deduction allowable without set off of losses of non-eligible units
- Till 6-7-2009 refund would be governed by conditions under the Notification No. 41/2007, dated 6-10-2007
- Related Party Transactions & Legal Provisions
- 10 Consequences of Non compliance with TDS provisions
- Common return for ER-1, ER-3 & ST-3, Change in ST Return Periodicity – Govt invites suggestion
- Reason for Mismatch of TDS & Correction Statement
- Issues which may invite TDS surveys & inspections
- Direct & Indirect Tax Updates for CS June 2012 Examination
- Excel Tips – Square root and cube root in Microsoft Excel
- How to rectify, calculate & aviod interest on TDS defaults
- S. 37 Allowability of Business Expenditure & case laws
- Meaning, Formation, Taxation, Membership & Partition of HUF
- MVAT – Submission of annexures by dealers who are not required to file Audit Report in Form 704
- FAQ on Profession Tax (PT) in Maharashtra
- Can a Person be tried twice for same offence?
- S.147 Change of opinion if AO not specifically apply his mind? Referred to Full Bench
- Amendment to S. 40(a)(ia) retrospective – ITAT Follows HC
- Loss due to fluctuation in foreign exchange liabilities allowable
- Cost of construction based upon actual expenditure most appropriate for computation of capital gain
- CBI Clarification in Case of Alleged Clandestine Silk Imports in Collusion with Senior Customs Officials
- Priority Sector Lending-Indirect Finance to Housing Sector
- NIL Service Tax Return late filling penalty – BAAP RE BAAP
- Section 139(5) – Revised Income Tax return
- Must components in your Salary to minimise tax burden
- Meaning of Turnover or sales for Tax Audit
- Tax Planning- Save tax through your family
- Income Tax – Provisions of Section 269SS & 269T
- Partial and Full Partition of Hindu Undivided Family (HUF)
- Procedure for Conversion of Partnership firm into company
- All about High Seas Sales
- Download FUV file from NSDL Website to revise e-TDS return
- Excel Tips – Number of Days, Weeks, Months & Years between Dates
- Assessment or Reassessment Notice U/s 148
- All about Annual eFiling with ROC
- Section 54EC NHAI Capital Gains Bonds 2012-13 – Tax Benefits
- Tax on Service relating to transportation of goods
- Tax on Service relating to transportation of passengers
- Service Tax on Financial sector
- Service Tax on Services by way of renting of residential dwelling for use as residence
- Make Auspicious Investing Today – It’s Akshaya Tritiya
- Interest leviable u/s 234B on income computed u/s 115JB
- Principles for interpretation of specified descriptions of services
- RTI – ITAT Member’s Corruption Charges Can Be Disclosed
- Order not dealing with finding of sham transaction is erroneous, cryptic, perverse & laconic
- Punjab VAT Dept, launches drive to survey unregistered dealers liable to be registered
- No Profession Tax on salary upto Rs.5000 pm in West Bengal
- Depreciation on computer accessories & peripherals allowable at 60%
- Diesel prices linked with market rates , Prices my go up
- Trinity to make financial stability possible
- External Commercial Borrowings (ECB) for Civil Aviation Sector
- Appointment of Common Adjudicating Authority -Notification No.36 / 2012 – Customs (N.T.)
- Notification No. 35 /2012 – Customs (N.T.) to amend Notification No.12/97-Customs (N.T.)
- How to Combine VLookup and Match formulas in Microsoft Excel
- Draft Guidance Note on Revised Schedule VI
- Agricultural Income – Tax treatment / Taxability
- TDS – Payment Due Date & Mode
- Service Tax Payment Rate Chart & Rules
- S. 32 Understanding Deprecation with latest case laws
- MVAT – TDS for Unregistered Dealers-Increase in Rate to 5 %
- S.14A ITAT disallowed expenditure for year prior to AY 2008-09
- Pre Rule 8D Expenses to earn Exempt Income to be disallowed on reasonable basis
- E-Payment of Maharashtra Value Added Tax (MVAT) – FAQs
- Empanelment with Punjab Infotech for Third Party Audit
- Tender for Appointment of Concurrent Auditor at J&KState Health Society Under NRHM for FY 2012-13
- S.148 Notice – Whether Revenue required to verify change in address of assessee
- Charitable Trust – Deduct Depreciation to arrive at income for application
- Service Tax on Specified services relating to education
- Service Tax liability of registered charity on their activities & covered activities
- Service Tax on Transmission or distribution of Electricity Service
- Service Tax on Entry to Entertainment Events and Access to Amusement Facilities
- Service tax on Betting, gambling or lottery
- No Service Tax on Access to a road or a bridge on payment of toll charges
- No Service tax on Selling of space or time slots for advertisements other than advertisements broadcast by radio or television
- Taxability of bundled services under Service Tax
- Service Tax on Any process amounting to manufacture or production of goods
- Service Tax on Trading of goods & Related services
- Service Tax on Services relating to agriculture
- Service Provided by RBI is Exempt from Tax
- MVAT – Carry forward of refund upto Rs.1 lakh for the F.Y. 2011-12 to F.Y. 2012-13
- Guidelines on Credit Default Swaps for Corporate Bonds-Permitting All India Financial Institutions
- Amendment in Notification No.12/97-Customs (N.T.) dated 2nd April, 1997
- Form 49A, Form 49AA , PAN Correction / Reprint Form – Excel Utility
- Taxability of Motor Acccident Compensation & Interest
- Assesee only can decide whether or not to incur expenditure
- Analysis of S. 50C of Income Tax Act, 1961
- S.56 pertaining to gifts, deemed gifts / under-valuations
- Budget 2012- Post Budget Suggestions by ICAI
- Study Team to suggest Common Tax Code for Service Tax & Excise
- S. 40(b) Interest on deposits for availing bank guarantee is business income
- Tippers, vibrator & vibrator soil compactor are commercial vehicle
- S.54B Deduction denied for failure to prove Agricultural Activity
- PIL against alleged mistakes in CA Final November 2011 Exams
- S.36(1)(iii) Disallowance if assessee has significant interest in subsidiary business
- Income of Foreign University under affiliate agreement for providing distance educational courses in India not taxable as Royalty
- S. 2(47) Conversion of tenancy into ownership is ‘transfer’
- TRAI Mandates one tariff plan on Per Second Billing basis
- No functional incomparability if TPO not reject a comparable on same ground
- Principle of mutuality cannot be destroyed just because funds not parked with members
- Difference between premium paid by Company & surrender value not taxable in the hands of Directors
- Definition of ‘Service’ As Proposed in Finance Act 2012
- What if Employer refuses to issue TDS Certificate / Form 16
- Advance Tax Provisions, Payment Challan & e-payment Utility
- Bonus stripping – Way to Save tax
- Consequence of not having PAN
- TDS on Bank Interest – Things to Know
- Interest & Remuneration to Partners U/s. 40(b)
- Deduction U/s. 80U for disabled persons
- What’s better- Trust, Society or s.25 Company?
- Know case status pending at HC on Mobile
- Failure to pay advance tax attracts interest
- Tax benefits for senior citizens
- FM defends Retrospective Tax Amendments
- MICR & IFSC Code on Passbook /Bank Statement mandatory
- When articles gifted for personal use do not amount to foreign contribution
- Reporting Requirements of NBFCs
- SEBI Timeline For Submission of Annual Audited Financial Result of FY 2011-12
- Instructions for May 2012 CA PCE, IPCE & Final students
- ICAI Post Budget 2012 memorandum on Indirect Tax
- Excel utility – West Bengal WCT Certificates Form 18
- TDS on Salary Calculator for F.Y. 2012-13
- Fresh ECB can be raised at a higher all-in-cost under approval route
- ICAI – Check Status of Refund of Excess Exam Fee
- Advisory services is technical services under Article 13.4 of India-French DTAC
- Critical issues under SARFAESI Act, 2002?
- ITAT explains law on netting of Provision for bad & doubtful debts
- S. 80P not applies to District level Central Cooperative Bank
- Denial of deduction u/s. 80P(2)(a)(i) of I-T Act, 1961
- Due date for uploading of MVAT Returns
- Enhancement in Refinancing limit for Power Sector & ECB for Maintenance & Operation of Toll systems for Roads and Highways
- EOI For Setting up State Medical & Health Infrastructure Development & Procurement Corporation
- Empanelment with Zilla Parishad Jhunjhunu & Sawaimadhopur
- Bank Rate adjusted to 9.00 per cent wef April 17, 2012
- General Provisions of Tax Audit U/s. 44AB
- Advantage of Online Income Tax Payment
- Form 26AS – Rectification of Errors & Omissions
- Automatic Due Date Reminder for F.Y. 2012-13
- Operation of Rule 8D only from 2008-09 onwards
- S. 90(2) applies to the extent beneficial to assessee
- Problems in Credit For TDS & Form No.26AS
- Correction/ revision in TDS Return more than once
- Corrections in TDS payment challan if TDS return already filed
- Assessee can choose between treaty rate & 115A
- Section 50B Slump Sale Need Not be a Sale
- 3rd Member opinion binding on Account member
- S.50C not applies to transfer of booking rights
- ITAT may dismiss appeal for want of prosecution
- Conditions for Taxability of Services under Service Tax
- Exempt Services & Exemption from Service tax
- FAQ on Housing Loan & Income tax benefit
- Companies in Aviation Sector Allowed to Avail of ECBS for Working Capital Requirements
- ECS (Debit) mandate management procedure by banks
- Seeks to amend Notification 09/2012 – Customs, dated 09-03-2012
- Seeks to amend Notification 12/2012 – Customs, dated 17-03-2012
- Quarterly Return for those paying 2 per cent excise duty
- Section 80C – Investment in Residential House Property
- Investment under section 80C
- All about Public Provident Fund Scheme (PPF)
- Excel Bill Book for Service Tax Assessees
- Conditional Exemption from Income Tax Return Filing
- Automatic Form 16 with Rupee Font A.Y. 2012-13
- Empanelment with State Health Society Chennai For Concurrent Audit
- Empanelment with Project Implementation Unit, Gujrat
- Alterations in the Schedule XIV in respect of Intangible Assets
- TDS on Salary Calculator A.Y. 2012-13
- Excise – Regarding admissibility of exemption under area-based Notification No. 56/2002-CE dated 14.11.2002
- Maintenance of Records Under Service tax
- Indian Trade Classification(Harmonised System) of Export and Import Items, 2012 [ITC(HS),2012]
- Accounts of Proprietary Concerns – I-T return of sole proprietor & Utility Bills included in KYC
- Real not notional tax effect to be considered while computing monetary ceiling for appeals filed prior to 15.5.2008
- Proposed Disclosure Framework for the Annual Business Responsibility Report
- Liberalization in ECB Policy Relating to Refinancing of Rupee Debt for Power Sector
- IDBI Bank loans become cheaper following 25 bps reduction in Base Rate
- Allowing ECB for Capital Expenditure on the Maintenance and Operations of Toll Systems for Roads and Highways
- No Foreclosure Charges/Prepayment Penalty on Floating Interest Home Loan
- Section 80C – Eligible Investments and Expenses
- Authorised Dealer Category II – Permission for additional activity and opening of Nostro account
- Rate of TDS on Salary – FY 2011-12, AY 2012-13
- Form 16/16A v/s 26AS online annual statement
- How to verify correctness of TDS Certificate
- House Rent Allowance (HRA) taxability, working / calculation
- Empanelment with DGET for Selection of Audit Firm for Special Audit of ITI Expenditure in Maharashtra
- Empanelment with Water Resources Department for Internal Audit
- Petro Companies wants to Raise petrol prices by Rs. 9.6 rupees a litre
- Information about TAN in Q.A. format (Updated)
- s.40(a)(ia) apply only to expenditure remaining payable
- S. 50C Not Apply To Asset held as Stock-In-Trade
- Amendment to s. 40(a)(ia) retrospective from 1.4.2005
- Assessment Order u/s. 153 Without JCIT Approval void
- Variation in Interest Rates on Deposits to be Minimal – RBI
- RBI stuns with big rate cuts
- Banks to open saving A/c with minimum common facilities without the requirement of minimum balance
- No S.271(1)(c) penalty in absence of finding that return filed is incorrect or erroneous or false
- Cenvat credit of input service falls in the same category of taxable service as that of output service up to 13.05.2003
- Extension of exemption U/s. 10B available to units existed prior to 01.4.1999
- Just Imparting training to Officers of a organizations does not amount to rendering Management Consultancy service
- Unique Customer Identification Code for Bank Customers in India
- Usance interest paid under letter of credit liable for TDS
- RBI Monetary Policy Statement 2012-13 – Interest rates to Come Down
- Highlights of RBI Monetary Policy 2012-13
- Despite Offering Income In S. 148 ROI, S. 271(1)(c) Penalty Leviable
- RBI reduces repo rate under LAF to 8.0 per cent
- Vodafone issues notice to Indian government over violation of Investment Protection Treaty
- ICAI invites to be checker for CA Exams
- ICAI defers applicability of Auditing Standard SA 700 (Revised), 705, 706 to 1st April, 2012
- Equipment belongs to vendor imported in India cannot be transferred to other on winding up of company
- Interests of Investers Needs Protection-Dr. M.Veerappa Moily
- RBI raises borrowing limit of SCBs under the MSF from 1 per cent to 2 per cent of their NDTL
- Download Revised Form 49A Excel Auto utility
- RBI amends Repo, Reverse Repo & Marginal Standing Facility Rates
- Transactions only in money or actionable claims do not constitute taxable service
- Service Tax on services by an employee to the employer
- Service Tax – Negative list of services
- A. P. (DIR Series) Circular No. 107 – Anti-Money Laundering (AML) / Combating the Financing of Terrorism (CFT) Standards – Money changing activities
- A. P. (DIR Series) Circular No. 108 – Cross Border Inward Remittance under Money Transfer Service Scheme
- TDS Rate Chart for F.Y. 2011-12, 2010-11, 2009-10
- Section 44AD – Is it really a palpable transformation?
- Procedure – Lower / Nil rate TDS deduction Certificate
- How to download online TDS Certificates in Form No. 16A
- Mode of Issue of TDS certificate in Form 16A
- ITAT denies exemption U/s. 80P to Co-operative Bank as his area of operation not confined to a Taluk
- No need to Pay Cess – SC Order for Trust in Maharashtra
- Change in tariff Value of Gold, Silver, Crude / RBDPalm Oil, Poppy seeds
- Income Tax Benefits on Various Plans of LIC
- Empanelment of CA firms for Internal Audit of Indbank
- Service Tax – Meaning of the term consideration
- MAVIM invites bid from CA firms for Audit
- Service tax on ‘transfer of right to use goods’
- New Auto Pan Correction Utility in Excel
- Service tax – Significance of the phrase carried out by a person for another
- Are Government and local authorities liable to pay service tax?
- Taxability of composite transactions which in addition to a transfer of title in goods involve an element of provision of service
- Empanelment with Indian Institute of Management Ranchi for a/c related work
- Revised Formats for Disclosure of Financial Results of Listed Companies
- Empanelment with ICAI for programmes to be organized by the Committee for Capacity Building
- Empowering Growth of Emerging Enterprises
- Macroeconomic and Monetary Developments in 2011-12
- Regulations for Standard Proposal form in Life Insurance
- Rajasthan VAT – Works Contract Exemption Fees
- Transfer of Right to use Goods – Deemed sale or service?
- S.195A not bar oral agreements or arrangements for payment of tax free incomes
- Income Tax Settlement Application U/s 24C can not be revised
- Sending Annual Reports of Companies through E-Mail- Green Initiative
- Maharashtra LA Bill No.XVII of 2012
- Uncertainty over exemption U/s. 54EC
- ITR1 ITR2 ITR3 ITR4S ITR4 in excel & Pdf format – FY 2011-12 / A.Y. 12-13
- Online Change-Correction in Pan – Revised Guidelines
- Inauguration of Aayakar Sampark Kendra by FM at Jangipur, Murshidabad, West Bengal
- Powers of Company Law Board to ascertain information under section 397/398?
- Format for Excise and Service Tax Return & changes in Return Periodicity
- Key Requirements and Changes in New ITR Forms
- Reprint of PAN Card – Revised Guidelines, Instructions, Procedure
- Land do not form part of Block of Assets & cannot be treated as short term capital assets
- S. 80G registration can be rejected for conducting Bhagwat Katha
- Benefit of ‘nil’ annual value u/s 23(2) available to HUFs also
- Late Filing or Non filing of TDS Statement Made Costly
- No S.271G penalty for benign reasons in the nature of procedural issues provided taxpayer maintained substantial documentation in support of its ALP
- Profit on sale of Compulsory Convertible Debentures taxable as interest
- Delhi High Court rejects Bail plea of Delhi CX Commissioner in Rs. 60 Lakh Bribe Case
- Trading Strategies for investments in Stock market
- Listed public and private sector companie must increase public holding by 25 % by August 2013
- New thinking required in areas such as Investor Education and Protection, Corporate Governance, Corporate Social Responsibility & Competition Law -PM
- Order No. 67 of 2012- Transfer & Promotion of ACIT Probationers
- Processing of investor complaints against listed companies in SEBI Complaints Redress System (SCORES)
- Uploading of the existing clients’ KYC details in the KYC Registration Agency (KRA) system by the intermediaries
- SEBI Guidelines for Business Continuity Plan (BCP) and Disaster Recovery (DR)
- Seeks to extend validity of notification No. 112/2007-Customs, dated 30.10.2007 by one more year
- Seeks to extend validity of Notification No. 96/2007-Customs dated 29.08.2007, upto and inclusive of 18.03.2013
- Seeks to levy definitive ADD on phosphoric Acid of all grades when imported from Israel and Taiwan
- Seeks to rescind the notification no. 04/2012-Customs ADD dated 13-01-2012
- Brickwork Ratings India Pvt. Ltd. accredited for risk weighting Banks’ claims for Capital Adequacy Purposes
- Annual Financial Inspection – Priority Sector Loans – Misclassification by Banks
- S.40(a)(ia) not applicable to amounts paid by 31st March
- Guidelines for engagement of Standing Counsels to represent Income-tax Department before HC & other judicial forums
- ACIT, Guwahati appointed prescribed authority for S.108(1A)(a) of Companies Act,1956
- Best practices of writing a cheque correctly
- ACB arrests CA for accepting bribe
- CBDT detects Undisclosed income exceeding Rs. 9,200 crore
- Acceptance of NEFT inward for credit to Loan Accounts
- MVAT – Composition Dealers other than works contract composition not to submit Annexures
- Constitution of Dispute Resolution Panel (DRP) at Delhi & Mumbai
- Branch is not the PE in respect of the business done out of the supplies made by foreign principal
- Amount received from sister concern cannot be treated as unexplained only on the basis that sister concern shows lower profit
- Non TDS on sale of product
- Transfer Pricing – Segmental accounts of assessee required to be considered for determination of assesses profit to total cost from international transaction
- Union Cabinet approves Public Procurement Bill, 2012
- Setting up of Special Purpose Vehicle to be called Goods and Services Tax Network (GSTN SPV)
- Amendments of the Registration of Births and Deaths Act, 1969
- Proposal to revise the existing rates of royalty on coal and lignite
- VAT / Sales Tax Payable on sale of Flats – Bombay HC
- MVAT E-Annexures for non-VAT Audit Dealers
- Exim Bank’s Line of Credit of USD 150 million to the Ecowas Bank for Investment and Development (EBID)
- Allocation of debt limits for investments in Government / corporate Debt Old & Government Debt Long Term category to FIIs
- Application for allotment of New PAN in Form 49AA by foreign citizens wef 08.04.2012
- Application for New PAN (Form 49A) for Indian Citizens wef 08.04.2012
- E-filing of income tax returns compulsory if income above Rs 10 lakh
- Referencer on Customs Circulars (2011–2012)
- Referencer on MCA Circulars 2011-2012)
- Referencer on Service Tax Circulars (2011-2012)
- Referencer on Excise Circulars (2011–2012)
- Commission to CMD for personal guarantee may be treated as ploy to divert funds
- Loan Waiver Results in Reduction of Asset Cost for Depreciation
- Excise – Applicability of Interest on refund of pre-deposit amount
- Amends Notification No.12/97-Customs (N.T.) dated 2nd April, 1997
- ICAI Zone-shifting of candidates for May – 2012 CA Exams
- Corrigendum to Notification No. 37/2003-Customs (N.T.) dated 3rd June, 2003
- Income Tax treatment of Gratuity
- New One Page Form for New PAN Card or/And Changes or correction in PAN Data
- Constitutional Validity of tax on service rendered in relation to lotteries promoted or marketed by Clients
- CORRIGENDUM to Notification No. 37/2003-Customs (N.T.) dated 3rd June, 2003
- CORRIGENDUM to notification No. 118/2009 – Customs (N.T.), dated the 6th August, 2009
- Committee to review Scheme for Electronic Refund of Service Tax to Exporters
- Circular 1 of 2012- Consolidated FDI Policy Document
- S. 263 Revision -CIT must give finding on merits & cannot simply remand to AO
- Govt to make Payment above Rs.25,000 directly to bank account of payee
- CBEC detects Service tax & Excise Evasion of Rs. 10286.73 Crore
- Constitution of Committee to frame National Corporate Governance Policy
- CCI penalises Schott India for for violating provisions of Competition Act
- Notification seeking to grant a concession enabling schools to re- employ teachers cannot be treated as conferring any rights on the teachers to continue in employment till the age of 62 years
- RBI ask banks to pay 8% interest for loss due to late receipt/delayed credit of interest warrants/maturity value of Relief/Savings bonds
- Govt to examine possibility of a Common Tax Code for Service Tax and Central Excise
- 16A for TDS deducted after 1st April 2012 to be issued only through TIN
- Service tax rate on Air Ticket Issued before 1st April 2012
- CESTAT Orders to be dispatched within three days
- Transfer Pricing – In Realm of evolution – Part I
- FEMA – Rupee value of Special Currency Basket fixed at Rs.70.965327 with effect from March 13, 2012
- Excel Tips – How to round a number to thousands with hundreds shown as decimal
- S. 2(22)(e) Registered shareholder must also be beneficial shareholder
- Changes in MVAT Act 2002 by Recent Budget
- Ideal Work Place of a Chartered Accountant
- Low Tax Effect Circular retrospective & do not have Cascading Effect – HC
- If Prima facie demand raised has no leg to stand, it should be stayed fully
- Document Required for PAN Application for Indian Citizen
- Once a company shows in its accounts any money under the head paid up capital than it will be presumed that share has been allotted
- Document Required for PAN Application for Foreign Citizen, NRI
- RBI taken step to expand RTGS and NEFT facility to more banks
- Quick Referencer On Sebi Circulars (April, 2011 – March, 2012)
- CBDT Guidelines for Stay of Demand
- Checklist For Prevention Of Money Laundering
- Quick Referencer On DGFT Circulars -April, 2011 – March, 2012
- Excel Tips – How to Use Vlookup Function
- Co-Operative Society – Taxation – A.Y. 2012-13
- Software Customisation is ‘production’ of computer program and entitled for S. 10B benefits
- Discount on deep discount debentures issued for construction of house property is in the nature of interest & allowable
- ITAT on Meaning of expression ’may be taxed’ used in India’s tax treaties
- Quick Referencer On LLP Circulars (April 2011 – March 2012)
- Excel Tips – Calculate Years, Months, Days elapsed from a certain date in Microsoft Excel
- Residential Status & scope of total Income
- Major Changes in Revised / New Schedule VI
- Checklist & Resolutions for Appointment of Managing Director
- Petitioner cannot approach Court just a week before the dated fixed for the examination – HC
- Auto Cancellation of Excise, Service tax Registration for non filing of Returns
- EPFO introduces Electronic Challan cum Return (ECR) Service
- Download, know, FAQ on Form 15G & 15H
- Investment Limit in Capital Gains Bond u/s 54EC
- Budget 2012 – Direct Tax Proposals Highlight
- Excel Tips – How to Find duplicates items in combine columns in Microsoft Excel
- Refusal To Give 30 Days For Tax Payment Is High-handed & Unlawful – HC
- S.14A does not apply to shares held as stock-in-trade
- s.148 notice beyond 4 years without compliance of s.147 & s.151(2) not valid
- Holding of classes not mandatory to qualify as educational institution
- HC Warns AO on Tax Recovery Mania for not following guidelines
- KBC Winner – HC asks to not to take extra legal steps of threatening or inducing assessee for tax recovery
- Surcharge Not dependent on liability to pay income tax but on assessed tax
- Any service used by manufacturer directly or indirectly in or in relation to manufacture of final products constitutes input service
- If past decisions were in favour of Assesee till contrary decision failure on the part of the assessee acceptable as a bona fide error and cannot be attributed to be wilful intention to evade tax
- Consortium formed by non-residents for bidding for a turnkey contract taxable as AOP
- Under Regulation 73 company required to file report on repayment to investor with SEBI
- TDS,Income Tax, HRA, Arrears Relief U/s 89(1) Calculator FY 2012-13
- Excel Tips – How to Calculate number of minutes between dates – time in Microsoft Excel
- What You Need to Know About CA-CPT Exam?
- Getting relief from DRT under SARFAESI Act, 2002?
- View Tax Credit Statement / Form 26AS Online
- How to apply online for Profession Tax Registration
- West Bengal – Entry Tax on Goods – wef 01/04/2012
- Rajasthan – VAT Returns Due date of 2010-11 extended to 30-04-2012
- New Schedule VI In Excel with B/S, P/L, Notes, Disclosures, Comparison with Old
- Service Tax Return / Payment – Monthly, Quarterly, Half yearly?
- Form-16 in Excel Format AY 2012-2013
- Harmonisation of Service Tax and Central Excise Registration
- Proforma promtotion to Additional CITs on deputation As CITs
- ITAT deletes Addition to Income of Kapil Dev on protective basis in respect of income from undisclosed sources
- AAR Implements GAAR – Held Selective share buy-back as colourable transaction
- S.54EC limit of 50 Lakh applies to FY not to transaction
- Interest paid by PE of foreign bank to H.O. deductible in hands of PE, But same interest taxable in hands of H.O.
- S.32 Business information, contracts, records are “intangible assets” & eligible for depreciation
- Excel Tips – Formulas to calculate Loan payments in Microsoft Excel
- FM to meet protesting jewellers on 6th April
- ICAI further extends CPC registration date to 9th April, 2012
- S.80HHC – DEPB credit falls under s. 28 (iiib) & DEPB premium falls under Section S.28(iiid)
- Sub sections (2) & (3) of S.14A workable only wef date of introduction of Rule 8D
- CBDT Objects To UN Model DTA Agreement 2011
- ICAI extends Last Date for Empanelment of Observers for May 2012 CA Exam
- Authorised Dealer Category II – Can open only one Nostro account for each currency
- FM to inaugurate Direct Taxes Regional Training Institute complex, Bangalore on 8th April
- Attention Students -Appearing June, 2012 session of CS examinations
- Hazardous Waste (Management, Handling and Transboundary Movement) Rules, 2008, issued under the Environment (Protection) Act, 1986 (29 of 1986)
- Exposure Draft of General Purpose Financial Reporting XBRL Taxonomy Based on Revised Schedule VI for Commercial and Industrial Companies
- Empanelment with Pragathi Gramin Bank for concurrent audit
- ITR Submission Changes in Comparison to A.Y. 2011-12
- PPF Interest Rate increased to 8.80% p.a. & 5 year SCSS, 2004 to 9.3% p.a.
- ITR-V Submission Due Date & e-Filing in F.Y 2011-12 – Quick Statistics
- Incorporation date in PAN ANCESTRAL – How to know PAN, File IT return, Open ITR V
- Need to Know About Chartered Accountants Career in India
- Excel Tips – How to Copy Paste only Values from one cell to another?
- Banks to work full day this Saturday
- Disputed Excise Duty liability cannot be allowed without actual payment of the same
- Expenses deductible in the year of TDS payment if TDS been paid after the due date prescribed u/s. 201
- Clarification regarding classification of structural components of Boiler and admissibility of CENVAT credit on these structural components – reg.
- FEMA – Data on import of Gold – Statements – Modification
- Systemic risk assessment – The cornerstone for the pursuit of financial stability
- Revised Schedule VI in Excel Format – Balance Sheet, Profit Loss A/c, Notes
- Who is required to File Return Online Compulsorily for AY 2012-13?
- PPT on Budget 2012 – Service Tax/ Excise/ Customs / GST
- Empanelment with Dena Bank for Concurrent Audit for 2012-13
- How to apply online For Obtaining Profession Tax Registration or Enrolment Certificate
- CA CS CWA to pay Service Tax on Accrual Basis if Turnover exceeded Rs. 50 Lakh
- Transfers of Hon’ble ITAT Members (March 2012)
- Excel Tips – Most useful Keyboard Shortcuts
- Uploading the MVAT and CST Returns for period ending on 31st March 2012
- Updating of Income Tax PAN details in MCA21 DIN DATA by 30th April 2012
- Which ITR should be used & by whom for A.Y. 2012-13?
- ITR 1 (Sahaj) – Who can & who cannot use?
- Validity of extension for export of 6,50,000 tons of wheat products upto 31.03.2013
- Demand to return amount essential ingredient to constitute offence punishable u/s. 138 of NI Act
- NEW MVAT & CST Return Templates , Due Dates for March 2012 Returns
- S.10A, Eligible business is to be considered as a separate entity
- If assessee owns asset and used for business purpose during the relevant FY, then depreciation allowable
- CMA – President Communiqué April, 2012
- Companies must obtain permission to operate FCA abroad
- Use of International Debit Cards/Store Value Cards/Charge Cards/Smart Cards by Resident Indians while on a visit outside India
- Exposure Draft of Guidance Note On Cost Accounting Standard on Packing Material Cost (CAS-9)
- Amends Notification No.18/2012-Central Excise, dated 17th March, 2012
- SEBI approves listing of stock exchanges
- Amends Notification No. 36/2001-Customs(N.T) dated 3rd August 2001 vide Notification No. 30/2012 – Customs (N. T.)
- Central Excise (Third Amendment) Rules, 2012 – Amends Rule 7,11,22 of Central Excise Rules, 2002
- Amends Notification No. 101/2004-Customs (N.T.), dated the 31st August, 2004 vide Notification No. 29/2012 – Customs (N. T.)
- Amendment in Excise Duty rates of Food grade hexane,Naphtha
- Anti-dumping duty on imports of non radial bias tyres, tubes & flaps originating in, or exported from, China PR and Thailand
- Individual – HUF having Foreign Assets to File Return Online & not in ITR -1 or ITR 4S
- ITR 1 In Excel with Tax Calculation FY 2011-12
- Individual HUF having income more then 10 lakh to File Return Online
- Revised Rule 12 Specifying Applicable ITR and mode of Return Filing for AY 2012-13
- Commodity Market – For Beginners
- Fake Chartered Accountants
- Cheque Valid only for 3 months from Today
- Vehicle insurance premium, Telephone calls, restaurant bills to cost more
- Excel Tips – How to Automatically highlight maximum and minimum values?
- If immovable property is situated in India, gains also taxable in India
- Income Tax Calculator for Salaried FY 2012-13
- ITAT restricts disallowance u/s 14A for earning exempt dividend to 1% of dividend
- Prepare Form 16 for FY 2011-12 in Excel
- How to Register with EPFO & FAQ
- Know /Check Your EPF Balance online
- Excel Tips – How to Automatically format cells (e.g. change font color) based on a certain condition?
- New ITR forms asks details of foreign assets & accounts
- Maharashtra Budget – FY 2012 -2013 – Key proposals
- Branch Audit of Public Sector Banks for 2011-12
- Service Tax Rate on Bills raised or Payment Recd. before 01.04.2012
- Govt can’t arbitrarily allot public wealth – SC
- Indian Government Accounting Standard 3 on Loans and Advance made by Governments
- MVAT – Amendment to Schedules A, C, and D as per Budget Speech 2012-13
- MVAT – Amendment to Rule 53(3)-Increase in rate of reduction on Branch Transfer by 2 per cent
- Empanelment of Stock Auditors & Valuers with United Bank of India
- No More Incentive of 80% Depreciation on Wind Mills Installed after 31-3-2012
- Statutory Bank Audit – Charge 12.36% Service tax
- Bank Audit 2011-12 Revised Fees and Time Limit
- Income Tax Offices to remain open on 31st March
- Pay more for travel in AC-First Class, AC-2 Tier, Executive & First Class from Tomorrow
- S. 54F Exemption if house construction not completed within 3 Years?
- MCA – Pay later option for Challans
- Online TAN & Consolidated TDS/TCS Request
- Banks to accept tax payments beyond banking hours
- Excel Tips – How to Combine Text from Multiple Cells?
- Taxability of Provident Fund -Recognized, Unrecognized & Statutory
- Income tax Calculator for FY 2012-13
- Excise Duty on Unbranded Jewellery Items of Precious Metal W.E.F. 17-03-2012
- NRI and TDS on income earned in India
- Whether the transfer of goods as a contribution for capital be considered as Sale?
- S. 80-IB(10) Multiple Housing Projects On 1 Acre Plot Permissible
- Participatory Note holders not liable to pay tax in India – FM
- Mere making of claim, which is not sustainable in law, by itself, not amount to furnishing inaccurate particulars
- Internet around the world may shut down today
- Fema – Review of all-in-cost (AIC) on External Commercial Borrowings (ECB) and Trade Credit
- Deduction for Short fall cannot be rejected merely because securities were valued as per RBI notification
- No appeal before ITAT if tax effect less than Rs. 3 lac
- S.43B Payment of licence fee in the nature of rent is not a statutory levy
- Trust Registration cannot be cancelled for unexplained expendture incurred on the objects of trust
- Waiver of Interest u/s. 234A, 234B and 234C for dealyed filing of Return and tax payment
- Impact of Privacy Policy Changes by Google
- RBI decides to permit non-bank entities to setup, own and operate ATMs
- Frequent Change of CRR
- CIT (A) required to dispose of appeal on merits instead of dismissing
- Amendment in rule 12 of Income Tax Rules & substitution of forms Sahaj (ITR-1), ITR-2, ITR-3, Sugam (ITR-4S), ITR-4 AND ITR-V
- IRDA – Declaration of Bonus under Section 49 of the Insurance Act, 1938
- IRDA – NAV Delaration for application received on 31st March, 2012
- IDBI Bank reduces floating Interest Rates on Home Loans up to 75 bps
- ICAI – President’s Message – April 2012
- Bank should release all securities on receiving payment of loan or realization of loan
- PMLA act and rules do not support account portability
- IRDA approves all life insurance products before being offered for sale
- SEBI have six credit rating agencies (CRAs) registered with it
- Banks have Unclaimed Deposits of Rs. 2481 Crore
- Premium Rates for Motor Third Party Insurance Liability only cover – 2012-13
- Exemptions from 100% promoter(s) holding in demat form
- SEBi issues Broad Guidelines on Algorithmic Trading
- RBI Releases Discussion Paper on Introduction of Dynamic Provisioning Framework for Banks in India
- All-in-cost ceiling for trade credit of 6 months Libor + 350 bps to contiue till 30th September 2012
- All-in-cost ceiling for ECBs of 6 months Libor + 350 bp to continue till 30th September 2012
- Discounting of Bills by UCBs – Restricted Letters of Credit (LC)
- Prescriptions regarding ceiling rates on export credit in foreign currency and overseas line of credit to continue till September 30, 2012
- Discontinuation of Supplying Printed GR forms by Reserve Bank
- Budget 2012- Analysis of Income Tax Provisions
- Budget 2012 -Service & Income Tax Provisions
- Issue of coins to commemorate the occasion of “150th year of the Comptroller and Auditor General of India”
- Check TDS credit status online
- Excel Tips – How to Split Contents of Cells?
- Private Sector in Passport Work do only only non-sensitive functions
- CBI Arrests Customs Superintendent For Accepting Bribe
- Clarification Regarding Mega Power Project (MPP) exemption
- Aayat Niryat Form 2E(ANF 2E) – Application for Special Chemicals, Organisms, Materials, Equipment and Technologies (SCOMET) Export Licence – Introduction of Provision for On-line filing
- SLBC website – Standardisation of information/data
- Refund of 4% CVD (SAD)-Extension of time upto 30th June 2012, for using re-credited 4% CVD (SAD) amount in DEPB-Regarding
- SEBI Review of Regulatory Compliance and Periodic Reporting
- Seeks to amend Notification No.16/2011-Cus (N. T.), dated, 1st March, 2011
- Goods manufactured by EOU out of raw materials supplied another EOU and subsequently cleared to DTA – Eligible for benefit of Notification No.8/97-CE – SC
- Indian Rail – Online Reservation of Concessional Tickets , Wi–Fi Facility &: 3 New Acts
- Little known schemes u/s. 80C of Income Tax Act
- Buy home to reduce Income Tax burden
- Income Tax Refund stuck – Steps to take
- Income Tax raid- What to do?
- Form 16 Salary Certificate – Is It different from Form 16A?
- Myths and misconceptions about Personal Income tax
- Changes in Service Tax- Union Budget 2012
- Excel Tips – How to Prevent Duplicates while entering data
- Clarification on Point of Taxation Rules
- Budget 2012- Burning Issues In Direct Taxes
- After 18.04.2006 assessees not entitled to utilize Cenvat Credit for payment of service tax on GTA
- Rate of tax shall be of the date of receipt of payment if the assessee has chosen to pay tax on the advance amount received
- Appointment of ITO as ACIT – Order N0. 60 of 2012-Ad.VI
- Interest under Sections 234A, 234B and 234C can be levied on assessee who is a notified under Special Court Act
- Penalty u/s. 271F applicable for failure to funish return u/s. 153A
- Validity of notice u/s 148 for re-opening of assessment when jurisdiction was founded merely on the possibility of escapement
- If transaction is sham, it cannot be considered as tax planning
- ITAT upholds important transfer pricing principles on characterisation and rewards for selling activity
- Regarding payment of arrears from Cenvat Credit earned at a later date
- S. 195 -Reimbursement of Salary to Overseas Parent Company attracts TDS
- Budget 2012 – Service Tax on Construction Industry
- Overseas Direct Investments by Indian Party – Rationalisation
- Amended provisions of S.194I related to TDS for the purpose of S. 40(a)(ia) applicable from AY 2007-08
- Sec.14A & Rule 8D Disallowance Cannot Exceed Total Expenditure
- Now, have an enemy list on your Facebook account
- Applicability of S.194 when client makes payment to an advertising agency
- No TDS u/s. 194H on commission or brokerage payable by BSNL or MTNL to their PCO franchisees
- India not a no-tax country – FM
- Overseas Investments by Resident Individuals – Liberalisation / Rationalisation
- Rate of exchange of conversion of each of the foreign currency with effect from 1st April, 2012
- Tax Concession on Education Loan u/s. 80E
- Due date for investment in property for S.54 exemption in case of revised return
- Is India a Tax Hell?
- Proposal of 10 Services under Reverse Charge Mechanism in Service Tax Law – Are these TDS provisions in Indirect Tax Law?
- 5th Corrigendum to Notification No.12/2012-Cus dated 17th March, 2012
- Goa CM reduces petrol prices by Rs. 11 per Liter
- Deduction u/s. 80DD for expenses incurred on maintenance/ medical treatment of a disabled dependant
- Form 15H/15G to Avoid TDS deduction
- TDS under section 194B on winning from Lottery
- Taxation of Derivatives
- Search, Seizure and Survey Simplified
- Assessee can ask for application of correct rate of Depreciation during Assessment
- Unlocking Provisions of Public Provident Fund (PPF)
- No interest disallowance For advances given to group and subsidiary companies out of commercial expediency
- Highlights of Karnataka Budget for FY 2012-13
- Training expense of employee cannot be treated as capital expenditure
- Govt may modify GAAR if required
- SBI hikes fixed deposit rates by upto 1%
- Rs 2.73 lakh crore of outstanding income tax dues locked up in tax disputes
- Provisions of Foreign Contribution (Regulation) Act, 2010
- Changes made to the UN Model Convention and Commentary in the 2011
- Soon NPS subscriber can exercise their individual choices regarding investment pattern & pension fund manager
- Govt collects 1.14 lakh Crore Excise duty from Tobacco Products in first 10 month
- CENVAT Credit (Fourth Amendment) Rules, 2012 – Notification No. 21/2012 – Central Excise (N.T.)
- Extension of prohibition on export of Pulses (except Kabuli Chana and 10,000 tonnes of organic pulses) upto 31.03.2013
- Procedure for refund / revalidation of DEPBs/Reward Scrips for re-credit of 4% CVD (SAD)
- Revised Treaty of Trade between India and Nepal – Circular No. 961/04/2012-CX
- Amends Notification No. 64/1994 dated 21st November, 1994 vide Notification No. 25/2012 – Customs (N. T.)
- Draft Manual on the functioning of Official Liquidators
- S. 80-IA Of The Income-Tax Act, 1961 – Deductions – Profits And Gains From Industrial Infrastructure Undertakings, Etc. -M/s. Creative Infocity Limited
- Education Loan – Eligibility Criteria for interest subsidy
- Prosecution for Concealing Income & Measures for Checking Out-Flow of Black Money
- Not legally feasible for banks in India to undertake Islamic banking activities in India
- Methodology for Transfer of Risks amongst Members of Indian Motor Third Party Declined Risk Insurance Pool and declaration of ultimate loss ratio for 2011-12
- IRDA Notification on Daily Declaration of NAV
- PPF, NSC, PO MIS & Smrall Savings Scheme Interest rate wef 1st April 2012
- Foreign CA firms cannot operate in India without registering with the ICAI
- Excel Tips – How to create Drop Down list
- Service Tax Rates wef 1st April, 2012
- Maharashtra Budget 2012 Highlight, Download Speech
- Misconception – e-filing of Income Tax Return
- All about Payment of Gratuity Act 1972
- Know status of Income Tax Return filed online
- Not filed Your IT Return? File it now.
- Payment received / receivable by the applicant in connection with IVTC Services are taxable as FTS
- Tax Provision in India in 2025
- TDS, Advance Tax & SA Challan Status on Mobile
- S. 43B – Deductions only on Actual Payments
- Residential Status and taxability of Income
- In computing book profit u/s 115JB, S.14A not apply if expense to earn exempt income not debited to P&L account
- If tax effect less than Rs.1 lakh Department should not file appeal before Tribunal
- Addition can not be made merely on the basis of information from Director of Income-tax (Inv.)
- Provident Fund Calculator for Govt employees
- IRDA – No proposal to shift the insurance sector to a paperless model
- Proposal to modify defination of term ‘foreign company’
- ICAI forms expert panel to address statutory bank branch audits queries
- Regarding Applicability of exemption under Sr. No. 4 of the Notification 4 / 2006 – CE dated 1/3/2006 on import of Ore Concentrates
- Implementation of XBRL
- CCI Advocating for Competition Coherent Government Policies
- ICAI request members to restore membership by 31.03.2012
- Guidelines on Fair Practices Code for NBFCs
- RBI issues Clarifications on The Banking Companies (Nomination) Rules, 1985
- Deemed let Out property – ALV cannot exceed standard rent under Rent Control Act
- Uses and Misuses of Statistics
- Finance Bill 2012-13- Service Tax Highlights
- Finance Bill 2012-13 – Direct Tax Highlights
- Excel Tips – alternative to Cell comment
- Baseline Report on Efforts of Government in Tackling Black Money
- CBEC Clarifies On Levy of Excise Duty on Precious Metal Jewellery
- Download Outcome Budget 2012-13
- IASB issues amendments to IFRS 1
- Deposit of award amount into court is nothing but payment to credit of decree holder – SC
- In fraud cases despite settlement court can prosecute offenders for criminal offence -SC
- Grant of family pension to next eligible member in the family in the case of missing family pensioners
- Banker Defrauds Chartered Accountant
- I-T department will not act like a policeman, DTC to to be made operational by 2013 -FM
- Management, Maintenance Or Repair Service – Application of Service Tax on Tyre Retreading Activity
- IF applicant has taxable income in India he is required to file tax return and tax need to be withhold on payment to him -AAR
- No tax withholding on remittance by Indian head office to foreign branch; Tax holiday available on sales made by Indian head office to foreign branch
- Benefit of S.10A attaches to undertaking & not to assessee who owns undertaking
- Expenditure having no nexus with the earning of tax free income can not be disallowed u/s. 14A
- Genuineness of advances received towards booking by the various persons in the earlier years
- Calculate your Portfolio in real time on Excel
- ITAT treats appeal filed by revenue as unadmitted/dismissed for non persecution
- Payment of interest in addition to price is nothing but an integral process of acquisition of shares
- DRP Revised Constitution w.e.f. 21.03.2012
- CBDT’s List Of Potential Promotees to Post of Assistant CITs
- CBDT Sets Up ‘Advisory Group for International Taxation and Transfer Pricing’
- Interest rate on GPF Increased to 8.6 % wef 01.12.2011
- Dismantling of Indian Motor Third Party Insurance Pool [IMTPIP] Loss Reserve, Solvency and Accounting issues
- Constitution of a Committee to formulate a Policy Document on Corporate Governance – General Circular No. 6/2012
- Online Rectification Request to rectify intimation U/s. 143 (1) from CPC, Bangalore
- Section 144C of the Income-tax Act, 1961 – Dispute Resolution Panel – Reference to – Constitution of DRP at specified places – Modification of Order No. 1/FT&TR/2012, dated 21-1-2012
- 1% Excise Duty on Articles of Jewellery – Budget-2012
- Caretaker, servants cannot claim ownership of property – SC
- Expert Opinion should be given due importance – Beneficial notification should be given liberal interpretation
- 4th Corrigendum to Notification No.12/2012-Cus dated 17th March, 2012
- 1st and 2nd Corrigendum to Notification No. 12/2012-CE dated the 17th March, 2012
- Assessee entitled to deduction u/s.801C on amount disallowed u/s.40(a)(ia)
- If liabilities are outstanding provisions of sec.41(1) not attracted
- Terrace Letting Income is income from house property
- Merely on the ground that local purchase bill or custom clearance receipt not produced, genuineness of gift cannot be disputed
- Section 89(1) Salary Arrear Tax Relief Calculator
- Budget 2012 – Not Much for Capital Market
- Stay Application – AO should pass reasoned orders
- While deciding stay Application AO Has To Be Fair To Assessee
- HC laid down Guidelines for effecting Income Tax Recovery
- Deduction u/s.10A not allowable if company is formed by splitting and reconstruction of the existing business/undertaking
- Arbitration agreement cannot take the criminal acts out of the jurisdiction of the Courts of law
- RBI Monitoring Rupee Situation – FM
- Book Rail Ticket through Mobile Phone
- S. 80TTA – Deduction in respect of interest on deposits in savings account
- Minimum rates of wages under Minimum Wages Act, 1948
- Lessor has no right to decline to receive possession and demand accrued rent
- S.80G No deduction if donation in cash exceeds ten thousand rupees
- Motor Vehicle Tax and base of tax structure
- Govt approves 7% additional instalment of Dearness Allowance (DA) to central government employees
- Statutory Bank Branch Audit for advances above & Below Rs. 6 Crore
- Regarding Pre-Shipment Inspection Agencies (PSIA) – Public Notice No.104 (RE-2010)/2009-2014
- Recruitment of Sports Persons to the posts of Tax Assistants, Notice Servers & Multi Tasking Staff
- In remand, s.14A disallowance cannot exceed original disallowance
- Success in profession measured not by the fortune made but on the threshold of learning – Delhi HC
- Impact of Budget on Common Public
- Monitoring Committee for Vanishing Companies
- Mandatory under Companies Act, 1956 for all companies to submit Annual Returns, Balance Sheet etc
- Budget Booklet for FY 2012-13
- Change in Tariff Value of Gold Notified
- 3rd Corrigendum to Notification No.12/2012-Cus dated 17th March, 2012
- 2nd Corrigendum to Notification No.12/2012-Cus dated 17th March, 2012
- Amends notification No. 124/2007-Customs, dated 31st December,2007 so as to continue, up to and inclusive of 27th March, 2013, the anti-dumping duty on imports of Flat Base Steel Wheels, originating in, or exported from, China PR
- Exemption of Assam Comilla Cotton [ITC(HS) Code 5201 00 12] from export restriction on cotton during the current cotton season upto 30.09.2012
- Amendment in SION A-1778 – PUBLIC NOTICE NO -103/2009-2014(RE 2010)
- Change in Tariff Value of Silver Notified
- Service Tax (Amendment) Rules, 2012 – Amendment In rules 2, 4A and 6 – Corrigendum to Notification No. 3/2012 – ST, dated 17-3-2012
- ICSI Important Announcement – Last date of Registration / Examination Enrolment
- S. 80IB(10) Once the project is approved by the local authorities, then deduction has to be allowed on the whole of the project
- Commission to Directors as per Companies Act, 1956 authorised by Shareholders allowable
- Excel Tips – How to insert comment in a cell and how to change the user name in cell comment
- SBI offers new, lower rates to old home loan borrowers
- Profits from participation of cargo under ‘Slot Arrangement’ not eligible for benefit of Article 8 of India-Germany tax treaty
- Shares held by the nominees cannot be considered as held by assessee – S. 47(iv) relief not available if Assessee do not hold 100% of subsidiary
- Online Empanelment with Central Bank of India for Concurrent Audit Assignments
- S.148 notice after 4 years not valid if Assessee disclosed full & true particular of claim at the time of original assessment proceeding
- Change in Name of Bombay, ‘Calcutta Madras High Court under govt consideration
- Deduction U/s. 10(10D) available on Life Insurance Policy sum received from foreign Insurance Company
- ATM is a computer equipment depreciation allowable at 60%
- Single transaction cannot be accepted in part as speculative transaction and part in non speculative transaction
- Addition on the basis of Diffrence in TDS and Commission – Reimbursed expenditure cannot be taken as income
- Expenditure on addition or augmentation of profit making apparatus the nature of the expenditure would be capital
- Post Finance Bill approval Vodafone have to pay tax – Finmin
- Impact of Cancellation of 2G Licenses
- Fair Rent, Actual Rent Received and Standard rent – ITAT referred back to AO to verify additional evidence
- Highlights of Finance Bill 2012 – Service Tax
- Highlights on Union Budget 2012 – 2013 – A corporate glance
- Wife’s money deposited in assesses account can not be treated as unexplained
- Loan against Only Gold can not be more then 60 percent of Value
- Foreign Exchange Management (Deposit) Regulations, 2000 – Credit to Non Resident (External) Rupee Accounts
- Supply to non mega power projects shall not be entitled to any deemed export benefit
- Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Notification No.S.O.406(E), dated 9-3-2012
- Service Tax Reverse Charge Mechanism requires more clarifications on works contract service
- Lump sum scheme for payment of service tax in works contract
- SC dismiss Govt petition to review Vodafone judgement
- How to Apply Passport online
- IPL kingpin Lalit Modi declared bankrupt
- Seeks to amend Notification No. 12/2012-Customs, dated the 17th March, 2012
- List of 26 cases of Corporate Frauds
- TDS calculator for Salaried for Financial Year 2012-13
- Changes in CENVAT Credit Rules in Union Budget 2012-2013
- E- I Transaction – Process Note and Documentation
- Direct Tax highlights of Union Budget 2012-13
- Are Directors Liable To Service Tax And Tax Audit As Per Union Budget 2012-13?
- Tax Planning under section 80C & 80E
- Service Tax on advocate to be Paid by client
- Job Work, Advocate, Man power Supply, Transport etc. Service Receiver made liable to pay service tax
- Service tax Exemption to service involving import of technology
- Abatement from Service tax and Conditions for same on specified services
- List of 34 services Exempt From Service tax
- Taxation of services based on Negative List – Service Tax (Determination of Value) Amendment Rules, 2012
- Service tax on Works Contract – Composition rate increased to 4.8% from 4%
- Section 65(105)(zzzp) of the Finance Act, 1994 – Transport of goods by rail – Exemption to specified services – abatement for transport of goods by rail
- Transport of goods by rail service – Exemption to specified goods – Amends Notification No.8/2010-ST dated 27.02.2010 effective date extended to July 2012
- Exemption to transport of goods by Rail further extended
- INDIA’S neighbours must be alarmed by yet another, sizeable rise in its defence budget
- 60% Abatement to Services provided by Air Craft operators for domestic or International Journey
- Service Tax – Small service provider – Aggregate value defined in terms of invoices issued instead of payments received
- Budget 2012 – Amendment in Point of Taxation Rules
- Amendment in Service Tax Rules 2, 4A &6 – Increase in time limit to raise bill to 30 days
- Rescinds Notification No. 8/2009 –Service Tax dated 24.02.2009 – Effective rate of 10% withdrawn from 01.04.2012 – Making the effective and tariff rate 12%
- Amends Notification No. 42/2011 – Service Tax dated 25.7.2011 – Coop societies included in exemption
- Exhaustive Analysis of Changes in Service Tax with Rules, Guidance notes, new Forms and FAQ
- Mukul Roy is New Union Railway Minister
- Clarification – Prior intimation to RBI to raise aggregate FII / NRI limits for investments under PMS
- IRDA mandates prior approval before launch of new Insurance product
- ICAI Request to share contact details of Members in Entrepreneurship & Public Services
- ICAI Request for providing Contact details of the Members of ICAI engaged in Co-operatives & NPO Sectors
- 5% duty made 6%. Notification No. 2/2011 – CE dated 1.3.2011 amended. Sl. Nos 34 and 35 of the table again omitted, which were already omitted by Notification No. 43/2011 – CE dated 30.12.2001
- Effective Rate of 12% and 6% Excise Duty fixed for many items for which the Tariff Rates also been reduced
- Rescinds three Excise Duty exemption notifications
- 1% Excise duty enhanced to 2% – minor changes made in Notification No. 1/2011 dated 1.3.2011
- SSI Exemption for the remaining part of 2011-12 for articles of jewellery of heading 7113 – tariff value to be the basis
- Chewing tobacco, Zarda Scented Tobacco and Unmanufactured tobacco in pouches: Duty enhanced – Notification No. 16/2010 – CE dated 27.02.2010 amended
- Pan Masala, Gutkha – Duty Per Machine Increased – Notification No. 42/2008 CE dated 01.07.2008 amended
- Concessional rates of duty vide Notification. Nos 3/2005-CE dated 24.2.2005, 3 to 6/2006-CE, all dated 1 st March, 2006, 10/2006-CE dated 1.3.2006; 2/2008-CE dated 1.3.2008; and 59/2008-CE dated 7.12.2008 – merged into a Single Notification
- Effective rate of NCCD for cigarettes – Notification No. 11/2012-Central Excise
- Effective rates of duty for cigarettes – Notification No. 10/2012-Central Excise
- Effective rate of additional duty of Rs. 70 per thousand fixed for cigarettes
- Ready Made Garments – Returned and cleared without duty – certain conditions changed – Notification No. 31/2011 dated 24.3.2011 amended
- Extension Of Submission Date / Addendum To Request For Proposal (Rfp) For Pre-Audit Of Central Subsidy Claims Of Capital Investment And Transport Subsidy In Respect Of Ner States
- Cotton Goods 5% Excise duty enhanced to 6%. Notification No. 29/2004-CE dated 09.07.2004 superseded
- Excise Exemption to goods used for armed forces – raw material for bullet proof helmets added – Amends Notification No. 64.95-CE dated 16.03.1995
- 10% Excise duty made 12% and 5% made 10% in Notification No. 23/2003 – CE dated 31.03.2003
- DGFT – Scrutiny and revalidation of Registration Certificates(RCs) for export of cotton
- Changes in rate of Service tax on Money Changers
- Customs (Import of Goods at Concessional Rate of Duty for Manufacture of Excisable Goods) Rules, 1996, amended
- Duty Fee Baggage Allowance for passengers above ten years enhanced to Rs. 35,000 from Rs. 25,000 and for those below ten years from 12,000 to 15,000
- Acetate tow and Filter Rod – Exemption from Prohibition – Amendment to Notification No. 16/2011 Custom NT dated 1.3.2011
- ICWAI Empanelment form for Observers for the Foundation, Intermediate & Final Examination to be held in June 2012
- RBI to conduct Special same day Clearing on March 31, 2012
- Lead Bank Scheme – District Consultative Committees – Inclusion of Director of MSME-DI
- Implementation of asset classification and provisioning norms for NBFC-MFIs deferred to 1st April 2013
- Seeks to amend the Chewing Tobacco and Un-manufactured Tobacco Packing Machines (Capacity Determination and Collection of Duty ) Rules, 2010
- Advance Pricing Agreement (‘APA’) Provisions in Budget 2012-13 – An Overview
- Service Receiver to Pay Service Tax under New reverses charge mechanism (Must Read)
- Five Custom Notifications rescinded vide Notification No.22/2012- Customs
- Effective rates of SAD – Notification No. 20/2006-Customs, dated the 1st March, 2006 superseded
- Custom Exemption to dredgers – Notification No. 20/2012-Customs
- Exemption to dredgers – Notification No.19/2012-Customs
- Project Imports Regulations – Certain new items added
- Project Imports – Certain new items added – Notification No . 42/96-Customs, dated the 23rd July, 1996, amended
- Custom Duty Exemption to goods imported for manufacture of certain finished goods
- Exemption from Customs Duty – Minor changes in Notification No. 25/2005-Customs, dated the 1st March, 2005
- Secondary and Higher Education Cess on CVD exempted
- Education Cess on CVD Exempted
- Rate of Custom Duty on 521 items
- Exemption to goods used for armed forces – raw material for bullet proof helmets added – Amends Notification No. 39/96-Customs, dated the 23rd July, 1996
- A wrong Public Notice No. mentioned in Notification No. 27/2011- Customs, dated the 1st March, 2011, is corrected
- Desptie Retrospective amendment from 1962 no reopening beyond six years – FM
- Amends CENVAT Credit Rules to allow availment of credit on the tax payment challan in case of payment of service tax by the service receiver.
- Amends Notification No.20/2001 CE (NT) dated 30.04.2001,To substitute Section 11AB with section 11AA
- Amends Notification No.42/2001 CE (NT) dated 26.06.2001. To substitute Section 11AB with section 11AA
- Amends Notification No.31/2007 CE (NT) dated 02.08.2007. To substitute Section 11AB with section 11AA
- Amends Notification No.45/2001-CE (NT) dated 26.06.2001. To substitute Section 11AB to section 11AA
- Amends Central Excise (Removal of Goods at Concessional Rate of Duty for Manufacturer of Excisable Goods) Amendment Rules, 2012
- Amends Form ER1 to insert Sl. No.9A – Credit taken from inter-unit transfer of credit under rule 10A of CENVAT Credit Rules, 2004
- Amends Pan Masala Packing Machines (Capacity determination and Collection of Duty) Rules, 2008
- Amends Chewing Tobacco and Un-manufactured Tobacco Packing Machines (Capacity Determination and Collection of Duty) Amendment Rules, 2012
- Fixes tariff value in respect of Articles of Jewellery falling under sub-heading No.7113 of the First Schedule to the Central Excise Tariff Act, 1985 at the rate of 30% of the transaction value declared in invoice
- Artisans or goldsmiths who only manufacture jewellery for others on job-work not need to obtain registration
- Cigarettes, Portland Cement brought under Section 4A of Central Excise Act, Abatement to cigarettes, 35% abatement for all footwear
- Medicinal and Toilet Preparartions – Ad valorem duty increased to 12% from 10%
- Clean Energy Cess – Notification No.1/2012
- Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds – Notified rate of interest on such deposits
- Scheme for Collection of Dues of CBDT, CBEC, DM Account – Reporting and Accounting of March Transactions – Special Arrangements – FY 2011-2012
- Seeks to amend notification No. 2/2011-Central Excise, dated the 01.03 2011
- Corrigendum to Notification No. 18/2012-CE dated – 17th March, 2012
- Corrigendum to Notification No. 21/2012-Customs, dated the 17th March, 2012
- Central govt. employees who were due to get their annual increment between February to June during 2006 may be granted one increment on 1.1.2006 in the pre-revised pay scale
- TDS / TCS Rates for Financial Year 2012-13
- Budget 2012 -13 – Income Tax Amendments
- DTC may be effective from 2013-14 – FM
- Direct Tax and Service Tax Proposals 2012-2013
- Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for 2011-12
- Investment in Indian Venture Capital Undertakings and /or domestic Venture Capital Funds by SEBI registered FVCI
- Request to share contact details of ICAI Members in Entrepreneurship & Public Services
- Committee to formulate Policy Document on Corporate Governance -General Circular No. 5/2012
- ICSI Union Budget 2012 Highlights
- Amendment in TDS provisions – Budget 2012-13
- 1st Corrigendum to Notification No.12/2012-Cus dated 17th March, 2012
- Benefits from Setting Up of NCLT and NCLAT
- Income Tax Calculator for AY 2013-14, AY 2012-13, AY 2011-12
- Budget 2012 – Alternate Minimum Tax (AMT) on all non-corporate Assessees
- TCS on transactions of jewellery, bullion, coal, lignite, iron ore
- Seeks to amend Pan Masala Packing Machines (Capacity Determination and Collection of Duty) Rules, 2008
- Budget 2012 – Section Wise Highlights of Proposed Amendments In Income Tax Act
- ICSI June, 2012 Examination SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 applicable
- S. 80IB – CIT V/s. Finolex Cables Ltd. (Bombay High Court)
- Income tax / TDS Calculator for AY 2013-14 / FY 2012-13
- Discussion on Important changes in the Service Tax and CENVAT by Union Budget 2012-13
- Budget 2012- Service Tax – Rule 13- Power to notify services or circumstances, Rule 14- Order of application of Rules
- Service tax Rule 12- Services provided on board conveyances
- Service tax Rule 11- Passenger Transportation Services
- Service Tax Rule 10- Place of Provision of a service of transportation of goods
- Budget 2012- Service Tax Rule 9- Specified services- Place of provision is location of the service provider
- Budget 2012- Service Tax Rule 8- Services where the Provider as well as Receiver is located in Taxable Territory
- Budget 2012- Service Tax Rule 7- Part performance of a service at different locations
- Budget 2012- Service Tax Rule 6- Services relating to Events
- Budget 2012 – Service Tax Rule 5- Location of Immovable Property
- Budget 2012- Service Tax – Rule 4- Performance based Services
- Budget 2012- Service Tax -Rule 3- Location of the Receiver
- Draft Place of Provision of Services Rules, 2012
- Formalities and Rules for Common Registration for Service tax and Excise and Format of Registration & Return Form
- Comments on Budget 2012-13 by A V Ramanathan
- An Uneventful Budget 2012
- Income tax rates for AY 2013-14/ FY 2012-13
- Union Budget 2012-13 – Indirect Tax Proposals
- Union Budget 2012-13 – Direct Tax Proposals
- Budget 2012 -No service tax on metered taxis, amusement facilities, rail travel
- S.80IA Combined or Individual Activity – Whether the Assessee is entitled to tax holiday for development of the infrastructure development?
- Concession in VAT not applicable after rollback of Rise in Price of Petrol and Diesel
- As per Import and Export Policy for the period 2009-2014 mport of second hand goods except capital goods is restricted and special import license is required
- Assessee entitled to interest u/s.244A of on tax paid in pursuance of the order passed by A.O. u/s.195
- If original return filed in time then b/F losses can be set off in revised Return filed
- Appeal by revenue before ITAT not maintainable if tax effect is not above Rs.3 lakhs
- In all cases where additional evidence is admitted, the CIT (A) should be considered to have exercised his powers u/s 250(4) is not acceptable
- Service tax provisions as amended by Budget 2012
- Budget 2012 – Excise Duty on Textiles & Precious Metal Jewellery
- Budget Analysis 2012-13- Service Tax Proposals
- Budget 2012 – What Citizen of India Get From This Budget
- Budget 2012 – VDIS scheme unlikely, Govt. taken steps to curb black money
- No Tax to be withhold on Server and Web hosting Charges under Indo-USA DTAA
- Financial crises may be exceptional or unavoidable circumstance for cash payment
- S. 80I Dependent Unit Can be New Industrial Undertaking
- General Anti-Avoidance Rules (GAAR) (Implication)
- Section 80A – Another way to trap Renting service providers
- Budget 2012 – Completion of assessment in search cases referred to DRP
- DRP can consider any matter arising out of the assessment proceedings relating to the draft assessment order
- AO Can file appeal before ITAT against order passed in pursuance of directions of DRP
- Filing of return of income, definition of international transaction, tolerance band for ALP, penalties and reassessment in transfer pricing cases
- Post Budget 2012 Service tax rates
- Budget 2012 – New Paradigm in Service Tax
- For Determination of Arm’s Length Price 5% tolerance band not standard deduction
- Transfer Pricing Regulations made applicable to domestic transactions if value exceeds Rs. 5 Cr.
- Examination by Transfer Pricing Officer of international transactions not reported by Assessee
- Extension of time limit for completion of assessment or reassessment where information sought under DTAA
- Tax Residence Certificate must for claiming relief under DTAA and for issue of Form 15CB
- Meaning assigned to a term used in Double Taxation Avoidance Agreement (DTAA)
- Tax & Witholding Rate increased to 20% for non-resident entertainer, sports person etc.
- Budget 2012 – Customs, Central Excise & Service Tax Notifications
- Dividend Distribution Tax and common man
- Related person for the purpose of making an application before Settlement Commission
- Fee for filing applications before Authority for Advance Rulings (AAR) raised to Rs. 10,000
- Not necessary to issue S.132 authorisation or make a requisition u/s. 132A separately in the name of each person in search cases
- Sum received from life insurance policy exempt if premium for any of the years during policy tenure not exceeded 10% of sum assured
- S. 234D applies to proceeding completed on or after 1st June,2003
- Govt to notify class of search cases where compulsory reopening of past six years not required
- Processing of return not necessary where scrutiny notice issued
- Sum or property received by HUF from members not taxable
- Fair market value shall be deemed full value of consideration if actual consideration not attributable or determinable
- Capital gain on amalgamation – No need for issue of share by amalgamated company to amalgamating subsidiary company
- No requirement of issue of shares where resulting company itself is a shareholder of demerged company
- Rate of tax for short term capital gain under section 111A – Correction in proviso to section 111A
- AO can refer valuation officer if in his opinion value taken on 1.4.1981 is higher than fair market value
- HUF eligible to S.54B benefit on Capital gain from sale of agricultural land
- No Capital Gain on Coversion of sole proprietary concern or firm into Company
- S.2 Definition of Commissioner to include Director of Income-tax
- RBI exempt from Wealth Tax
- Assessee liable to pay advance tax on income without deduction or collection of tax
- S.115JB P/L a/c prepared under regulatory Acts shall be basis for computing book profit for insurance,banking,electricity company
- MAT Payble on Gain from disposal of revalued asset even if Gain not credited to P/L a/c
- Due date of furnishing audit report in case of international transactions extended to 30th November
- No Exemption to charitable organization in case commercial receipts exceed the specified threshold
- Extension of time for completion of assessments and reassessments
- Vodafone Effect – All demands on transfer of share of a company registered or incorporated outside India valid irrespective of any judgment
- Extention in time limit for issue of notice to person who is treated as agent of a non-resident
- S. 1945 CBDT may specify taxability of Foreign Payment, Amount Taxable and Tax Deductible
- Retrospective amendment in S.9(1)(vi) to clarify that consideration for use or right to use of computer software is royalty
- Govt amends IT Act w.e.f. 01.04.1962 to bring deals like Vodafone Under Tax Net
- Budget 2012 introduces General Anti Avoidance Rule (GAAR)
- “Person responsible for paying” in case of payment by Central Government or Government of a State
- S. 201 Extension of time for passing an order in certain cases to six years
- Increase in Threshold for TDS on compensation or consideration for compulsory acquisition
- Intimation after processing of TDS statement rectifiable and appealable
- Heavy Penalty for delay & incorrect information in TDS/TCS Statement
- Disallowance of business expenditure on account of non-deduction of tax on payment to resident payee
- S. 201 Deemed date of payment of tax by resident payee is date of furnishing of return of income
- Deduction for interest on deposits in savings accounts up to 10K Rs.
- S. 80D Deduction for expenditure on preventive health check-up not exceeding Rs. Five Thousand
- Senior Citizen Age Reduced to 60 years for S.80D, 80DDB, 197A & for Form 15H
- Extension of sunset date for tax holiday for power sector to A.Y. 2013-14
- Deduction for capital expenditure on specified business extended to three new businesses
- S.35AD Deduction allowable if Assesee transfers the operation of hotel to another person
- Weighted deduction for expenditure for skill development
- Weighted deduction for expenditure incurred on agricultural extension project
- Weighted deduction for scientific research and development available till A.Y. 2017-18
- Power sector allowed initial depreciation at 20% of actual cost of new machinery
- Exemption to income of foreign company received in India in Indian currency from crude oil sale
- Budget 2012 – Important changes in respect of Custom Duty
- Budget 2012 – Important changes in respect of Central excise duty
- Date of Applicability of Amendments in Custom and Central Excise Duty
- Budget 2012- Chapterwise Explanatory Notes on Excise Duty
- Budget 2012- Chapterwise Explanatory Notes (Customs)
- Service Tax Exempted on Copyrights Relating to Recording of Cinematographic Films
- Advance Pricing Agreement Introduced to bring down Tax litigation
- Govt to introduce white paper on means to Curb Black Money
- Service Tax Exempted for Items on Negative List (Check List)
- One Page Common Return for Central Excise and Service Tax Proposed
- Service Tax Rate Raised from 10 Per Cent to 12 Per Cent
- Measures Introduced to Allow Corporates to Access Lower Cost Funds
- Manufacturing Sector Provided Relief in Customs Duty
- PM’s interview on the Union Budget- 2012-13
- Note on Rule 10A of Cenvat Credit Rules
- Budget 2012 – Download Finance Bill 2012
- Proposal to hike basic tax exemption limit and likely beneficiaries
- Download Power Point Presentation on Budget 2012
- Key Features of Budget 2012-13 on Tax Front
- Relief from LTCG tax on transfer of residential property if invested in a manufacturing small or medium enterprise
- Wealth Tax – Salary Limit for Exemption of residential house allotted to employee hiked
- No Dividend Distribution Tax (DDT) on Dividend Payment upto DDT Paid Dividend recd from subsidiary Company
- S. 80C No Deduction on life insurance Premiume if premium payable exceed 10% of sum assured
- Deduction for Donation not allowed for cash donations in excess of ten thousand rupees
- Presumptive taxation not applicable to commission/ brokerage and Income from Agency business
- TDS on payment of interest on debentures Limit raised to Rs. 5000
- STT rate reduced on Delivery Based Share Transactions
- Tax Audit Limit raised to One Crore for business & 25 Lakh for Profession
- Senior Citizens not having Business Income Exempt From Advance tax payment
- Budget 2012 – Provisions relating to Venture Capital Fund (VCF) or Venture Capital Company (VCC)
- Budget 2012 – Lower rate of tax on dividends received from foreign companies
- Budget 2012- Withholding tax rate on Interest Paid on foreign currency loan by Specified Company reduced to 5%
- Budget 2012 – Prosecution and imprisonment for Income Tax Evasion
- Budget 2012 – Penalty on undisclosed income found during the course of search at 10 pc, 20 pc, 30 pc
- Budget 2012 – Reopening time limit Increased to 16 Years for income in relation to asset located outside India
- Amendment in Budget 2012 – Income Tax, Service Tax, Excise Duty, Custom Duty at One Place
- Budget 2012 – Compulsory filing of income tax return in relation to assets located outside India irrespective of Income
- Budget 2012 – No Basic Exemption on Unexplained Income – To be taxed at 30 percent
- Budget 2012 – Onus to prove Source of Fund recd as Share Capital shifted on Company
- TCS on sale of Coal, Lignite, Iron ore
- TCS on cash sale of bullion and jewellery
- Budget 2012 – Directors Remuneration not in nature of Salary to attract TDS U/s. 194J
- TDS on transfer of immovable properties (other than agricultural land)
- Alternate Minimum Tax (AMT) on all persons other than companies
- Income Tax rates for F.Y. 2012-13
- Budget 2012 – Amendments In Excise Duty provisions
- Budget 2012 – Amendments In Customs Duty provisions
- Budget 2012 – Industry wise Changes in Custom Duty rates
- Budget 2012 – Changes in Service Tax
- Budget 2012 – Changes In Rates Of Excise Duty
- Income Tax exemption limit raised to Rs 2 lakh
- Key Features / Highlights of Budget 2012-2013
- Budget 2012 -Speech of Finance Minister Pranab Mukherjee
- Baggage Allowance Increased to Rs. 35,000
- Excise Duty on Large Cars Enhanced from 22 Per Cent to 24 Per Cent
- Basic Customs Duty Reduced in Agriculture & Relataed Sectors
- Full Exemption from Basic Customs Duty Given to Certain Infrastructure Sectors
- Health and Nutrition Gets Major Boost in the Budget 2012-13
- Budget 2012 – Daily tonnage income of shipping company
- Excise Duty on ‘Demerit’ Goods Hiked as a Measure for Additional Resource Mobilisation
- Government Keen on Early Enactment of DTC Bill
- Budget Changes- 2012 in brief By Advocate Rajesh Kumar
- Concessions and Exemptions Extended to Energy Saving Devices, Plants and Equipments Required for Solar Thermal Projects
- Excise Duty on cigarettes,bidis, pan masala, gutka, tobacco, and zarda Hiked
- Union Budget Focuses on Rationalisation Measures in Indirect Taxes
- ECB for Low Cost Housing, Working Capital in Civil Aviation, Part Finance Power Project DEBT
- S.129(6) of the Customs Act – Ex-Tribunal Members Cannot Practice Before Tribunal – SC
- Rates of Interest – RIDF and other funds
- Procedure for scrutiny and revalidation of Registration Certificate for export of cotton [ITC(HS) code 5201 & 5203]
- Submit Articles on budget 2012-13 by E-Mail for Publication
- ICAI invites suggestions on tax proposals of Union Budget 2012-13 and Report of Standing Committee on Finance on Direct Taxes Code Bill, 2010
- Budget 2012 going to be 81st budget of India
- Government reduced interest rate on Provident Fund from 9.5 to 8.25 Percent
- Service Tax refund can be refused on the ground of unjust enrichment
- NBFC – Investments in fixed deposits cannot be treated as financial assets and interest on FD not income from financial assets
- RBI Policy March 2012- No Change in repo, reverse repo rates & CRR
- ICAI requests members to share CPC and TDS related issues being faced.
- Budget 2012- Tax Exemption Limit may be raised slightly
- Applications for stay should not be disposed of in a routine manner unmindful of the consequences
- In Finance Lease Lessor Is Not Owner and only owner can claim Depreciation
- Section 234A, 234B and 234C of Income Tax Act, 1961 in brief with Example
- Budget expectation by Mr. Manish Khanna, CEO, UEI Global Institute
- How High Court’s intervention in SARFAESI ACT matters justified?
- Section 101A of the Insurance Act, 1938 – Re-insurance with Indian re-insurers – Specified percentage & terms & conditions for re-insurance cessions to “Indian Re-insurer” in compliance with section 101A
- Foregoing right to acquire equity shares is transfer and Compensation taxable
- Highlights of Economic Survey 2011-12 – Survey Pegs GDP Growth At 6.9% in 2011-12
- Development of Balanced Score Card management tool is Technical Services under India-Singapore treaty
- Non-compete fees of capital nature entitled for depreciation as intangible asset
- Payments for transponder hire charges cannot be treated as ‘royalty’
- Notice sent by post within time but not served will be deemed as served within time
- Companies Bill, 2011 requires more disclosures/declarations by companies,promoters, first directors at Incorporation
- s.263 Order without giving reson for observing that the order passed by AO erroneous is invalid
- ICAI seeks suggestions to strengthening the portfolio of Practitioners and Firms
- Reopening U/s. 147 even within 4 years, on basis of retrospective amendment invalid
- Excel Tips – How to Quickly fill Blank Cells in a list?
- New Income Tax e-filing call center functional from today with Helpline
- Husband obliged to accord due respect to his wife in society
- Website is intangible Asset and not software
- M/s Dow Chemicals VIS-À-VIS London Olympics
- ICAI National Cost Convention-2012 begins
- Conditions for Indian Citizenship under Citizenship Act, 1955
- RRBs/StCBs/DCCBs – Bank Rate Increased
- Ungrateful children can be denied property: SC
- Notification No. 19/2012-CUSTOMS (N. T.) amending notification No. 36/2001-Customs (N.T.) dated, the 3rd August, 2001
- S. 90 Agreement for Avoidance of Double Taxation and Prevention of Fiscal Evasion with Tanzania
- Regarding allocation of work relating to Service Tax procedures to the Service Tax wing of the CBEC
- Notification No. 6/2012 – Central Excise (N.T.) – Dated, 13th March, 2012
- Excel Tips – How to Quickly fill a series of values?
- Regarding ‘Handling of Cargo in Customs Areas Regulations, 2009’
- Offence out of a failure comply with statutory rule and liability will continue until requirement is complied
- Railway Budget 2012-13 – List of New Trains
- Reward for tax info should be reduced on the ground that amount of penalty cannot be determined
- Computation of limitation period begins from the date of expiry of the compliance period as provided by order u/s.234(3A)
- Railway Budget 2012 – 75 New Local Trains for Mumbai
- S. 11B Burden to prove that Excise duty incidence not transferred to customer is on person claiming refund
- Railway Budget 2012-13 – New Passenger Amenities
- Railway Budget 2012-13 – Increase in Fare of All Class Travel
- Railway Budget 2012-13 at a Glance – Download Budget Speech
- Highlights of Railway Budget 2012-13
- Rail Budget 2012 – Live updates
- ICAI National Cost Convention-2012 to focus on Enhancing the long term enterprise value
- Standing Committee on Finance recommends inclusion of cost accountant in the definition of ‘accountant”
- How to apply Address proof card issued by India Post (Postal Identity Card)
- Maharashtra VAT Notification for Sales to Inter Oil Companies-Exemption in excess of 5 per cent
- Mechanism to Lodge Complaints for redressal of grievances with Minister concerned
- Admit cards to students appearing in May 2012 CA Examinations
- Form 15CA,15CB for remittance of payments to non-resident or foreign company
- FAQ on Stamp Duty related to Indian Stamp Act, 1899 and Bombay Stamp Act, 1958
- Reopening on the basis of facts already available at the time of original assessment proceedings invalid
- Notice u/s 143(2) mandatory for validating reassessment proceedings
- Section 271D penalty not imposable if amount received in cash is for Shares
- Colourable device cannot be a part of tax planning, where transaction is sham and not genuine
- Payment of Bonus Act, 1965 in brief
- Tax Recommendations Ahead of Budget 2012
- CBI books Delhi Excise Commissioner and Four Others in Bribery Case
- Pre budget Presidents Address to the Parliament
- Restrictions to be put if a manufacturer,1st or 2nd stage dealer, exporter or merchant exporter found to be involved in tax evasion
- Central Excise (First Amendment) Rules, 2012 to Substitue rule 12CC of Central Excise Rules, 2002
- CENVAT Credit (Second Amendment) Rules, 2012 to substitue Rule 12AA of CENVAT Credit Rules, 2004
- Opening of Diamond Dollar Accounts (DDAs) – Change in periodicity of the reporting
- Deferred Payment Protocols between Government of India and erstwhile USSR – A.P. (DIR Series) Circular No. 91
- Striking a Balance – Credit Penetration and NPA Management – Role of Information Sharing
- Regarding Ban on export of Cotton (Tariff Code 5201 and 5203) – Circular No. 08/2012-Customs
- Circulars – Binding On Department?
- SARFAESI Act -Can Bank adopt unfair/illegal methods to recover its due?
- Deduction under Section 80G of Income Tax Act, 1961 for donation
- Income Tax Calculator for Salaried – FY 2011-12, 2010-11, 2009-10
- Tds / TCS Rates for FY 2011-12 / AY 2012-13
- Enhancing the long term enterprise value- Environment, Society and Governance – Cost Convention
- 3 Ways to View Tax Credit (Form 26AS)
- Original assessment date relevant for Sec. 263 revision on issues outside re-assessment
- S.80IB deduction not available in absence of Factory License
- Part expenditure subject to FBT, cannot be disallowed on the ground that same are not for the purpose of business
- Set-off of Sec 10B units loss against profits from other units allowed
- Reassessment after completion of assessment u/s 143(3) cannot be termed as regular assessment and interest u/s 234D not chargeable
- No reduction in WDV of fixed assets upon waiver of bank loan
- Sale originating in a State is an inter-state sale or not is a question of fact – HC should not have entertained writ petition – SC
- How to change the Address of TAN and communicate I-T Dept
- How to apply for Changes or Correction in TAN Data
- How to apply Online For New TAN
- Duplicate TAN – Which TAN to use and how to get cancelled
- Reopening on the basis of information received form investigation wing Valid
- Regular method employed means method followed in past years which continued to be followed in subsequent years
- Cheques, drafts to be valid only for 3 months from April 01
- Mid-Quarter Review of Monetary Policy 2011-2012 To be released at 11 am on RBI Website on March 15, 2012
- IRDA – Exposure Draft on Servicing of Orphan policies
- In case of additional evidence produced by the Assessee, A.O must be given opportunity
- CS Foundation Programme (New Syllabus) Study Material
- Union Minister of Parliamentary Affairs & Water Resources Pawan Kumar Bansal addresses Press Conference on the Budget Session- 2012
- Roll Back of Ban on Cotton Exports – Anand Sharma meets MPs on the issue of Cotton
- CBDT panel on black money gets third extension
- SEBI – Allocation of debt limits in corporate debt old and Government Debt long term category to FIIs
- Need for amendments to CST Rules relating to submission of ‘C’/’F’ Forms
- Risk Based Internal Audit
- DLF – BCCI (IPL) Sponsorship Service Tax- Case Analysis
- Payments for supply of technical documents taxable as fees for technical services
- Payment for use of equipment is taxable as royalty and its related installation activities is taxable as FTS
- Reimbursements received by a foreign company for travelling expenditure incurred for earning royalty/ FTS income taxable on gross basis under India-Singapore tax treaty
- Expenditure cannot be disallowed merely on the ground that they are on higher side
- S. 12AA CIT can cancel registration even after grant – High profit Ratio cannot be ground for rejection
- Excel Tips – How to Create Shortcuts for commonly used words or phrases?
- Judges Who Outsource Judgements Can Be Dismissed Without Enquiry – SC
- Bureaucratic delays cant be excuse for filing appeal beyond limitation period – SC
- No sec. 195 TDS Liability On Payer If Payee Not Assessed
- Maharashtra VAT – Download Revised List of 1009 Suspicious Dealers
- How to convert Form 16/16A text file (zip file) to Form 16/16A PDF File
- I-T Exemption Limit may be raised to 3 lakh, Highlights of DTC Committee Report,Download Report
- S.154 – A.O. Can rectify Assessment order
- How to Apply TAN, Track Status of TAN Application, fees
- S. 54EC investment time limit begins from date of receipt of consideration
- CA issuing wrong 10CCAC certificate guilty of professional misconduct – HC
- RBI reduces CRR by 75 basis points to 4.75 per cent
- Time for filing DIN-4 form for furnishing PAN extended to 30th April 2012
- Newly Wed Gurgaon CA and Designer Wife Found Dead In Agra
- Railway Minister Announces Introduction of 26 New Trains
- Foreign Donation without Government permission – CBI Registers Case
- Export Grows by 21.4% in April- Feb 2012 at US $ 267.4 Billion: Commerce Secretary
- Exposure Draft of Guidance Note on Performance Appraisal (Form-III of CAR 2011) Report for comments
- IDBI Bank crosses Rs. One Lakh Crore mark in Annual Tax Collection for FY 2011-12
- Symposium on Corporate Social Responsibility
- TRAI Releases Consultation Paper on “Auction of Spectrum” for comments
- Indirect Tax Revenue Collections During April, 2011 increases 14.6 pc
- FAQ – 6 on Cost Accounting Records Rules, 2011 and Companies (Cost Audit Report) Rules 2011
- Notification No.24/2012-Customs – Seeks to amend Notification 12/2012 – Customs, dated 17-03-2012
- Notification No.102, dated 05.03.2012 not applicable for cotton consignment for which Let Export Order(LEO) has been issued up to 2400 hrs. on 04.03.2012
- Reporting Platform for OTC Foreign Exchange and Interest Rate Derivatives
- Regarding Ban on export of Cotton (Tariff Code 5201 and 5203)- Circular No. 07/2012-Customs
- S. 263 Revision – Conflict Amongst Judgments Resolved
- S. 50B – Amount of liabilities being reflected in the negative net worth cannot be added to sale consideration for determining the capital gains on account of slump sale
- Decision of any High Court binding on all subordinate authorities and Tribunals through out India untill contrary view is taken by other HC
- Expectations of Individuals from Budget 2012 on Direct tax
- Latest Announcements from Maharashtra Sales tax department
- Concept Paper on National Corporate Governance Policy, 2012 Prepared by ICSI
- DFIA: applicability of provisions contained in paragraph 4.32.2 of HBP v1 regarding declaration of technical characteristics, quality and specifications at the time of exports
- Role-Check for the Digital Signatures (DSCS) belonging to Authorized Signatories of Banks/FIs
- Highlights of REC Tax Free Bonds
- Merely because the department preferred appeal before the Honble High Court is no ground to take a different view.
- S. 45(3) not permit A.O. to substitute full value of consideration other than the amount recorded in the books of account of joint venture
- Constitution of a Committee to formulate Policy Document on Corporate Governance
- Notification No. 15/2012 – Customs (ADD) dated the 5th March, 2012
- Incidents of Service tax evasion reported by Anti Evasion Unit, Siliguri Commissionerate
- ICAI – Frequently Asked Questions on verification of marks
- Frequently Asked Questions (FAQs) on “Unit Scheme of Examination” of Integrated Professional Competence Examination(IPCE)
- Limit for retail investors raised from Rs. 1 lakh to Rs. 5 lakh for REC Bonds
- RBI declares standard rate at which it is prepared to buy or re-discount bills of exchange or other commercial paper eligible for purchase under that RBI Act
- Tax Treatment – Salary Income, allowances & perquisites
- Taxation of Partnership Firms
- Whether tax deduction would be mandatory under section 195 under export commission paid to non-resident agent, if so, at what rate
- Overlapping in Classification of service for construction of residential building
- Service Tax – Section 76 and 78 prior to May 2008 – Levy of Penalty
- Data submitted on Bancassurance channel and as required under Section 31B (2) of Insurance Act, 1938
- Section 54EC Exemption cannot be denied merely because bonds are in joint names
- S. 54EC Exemption allowed where investment was made after 6 months due to non-availability of bonds
- Section 50 would apply only to cases where ‘assessee’ had obtained depreciation
- Benefit u/s 54EC / 54E available even in case of depericiable asset
- Section 50 nowhere says that depreciated assets shall be treated as short-term assets
- Benefit of indexation not available on depreciable Assets
- S. 54EC limit of Rs. 50L applies to transaction & not financial year
- Clarification Regarding Filing of Conflicting Returns by Contesting Parties
- Art of Internal Auditing!
- Income taxed in the hand of Firm cannot be taxed in the hand of Partner
- No penalty for concealment if addition is based on estimation of Gross Profit
- Mere non-mentioning of Section 234B in the assessment order would be of no consequence
- Cost Inflation Index meaning and Index for all the years
- Brief on formation of NGO, Charitable Trust, Society, Non profit section 25 Company
- In the absence of nexus between sale of agricultural produce and introduction of cash in capital account the addition made by AO was to be upheld
- DGFT – Prohibition on export of cotton(Tariff Codes 5201 and 5203)
- Second Edition of the Status Paper Giving Detailed Analysis of the Government’s Debt Situation Released
- Bank Audit – ICAI request members to avoid circulation of personal views by emails / letters to Government and Regulatory authorities
- Convergence of Indian Accounting Standards with International Financial Reporting Standards –UCBs
- Regarding ban on export of Cotton (Tariff Code 5201 and 5203)
- Registration of companies or LLPS which have one of their objects is to carry on the profession of chartered accountant, cost accountant, architect, company secretary etc.
- Clarification – Liberalised Remittance Scheme for Resident Individuals
- Publication of Daily Lists of Imports and Exports (Amendment) Rules, 2012
- Service tax payable on Gross Amount of Commission
- Income Tax – Relief before Budget
- Salary Income – Who Is Exempted from Filing Tax Return?
- Order passed ex-parte may be refereed back to CIT(A) for fresh consideration if Assessee under the bonafide belief that he duly informed to the Income Tax Department about change in address
- Addition for Gift recd not warranted if Assessee proves identity, credit-worthiness and genuineness of donor
- ITAT may accept additional evidence if same goes to the root of the matter and refer the matter back to A.O.
- Grant of ‘Certificate of Registration’ for carrying on the business of Credit Information – Credit Information Bureau (India) Limited
- Vacancies for Empanelment of Senior / Junior Standing Counsel to represent the Income Tax Department
- DGFT – Grant of export benefits / incentives to export proceeds realized even in Indian rupees – Exports to Iran regarding
- Exemption of Bhutan from the application of export bans by India on export of Milk Powder, Wheat, Edible Oils, Pulses and Non Basmati Rice
- ICICI Bank, Bank of Baroda, CITI Bank and Life Insurance Corporation of India Sign an MoU to Set-Up India’s First Infrastructure Debt Fund
- DGFT – Amendment in the subject of Notification No. 99 (RE-2010)/2009-14 dated 23.02.2012
- As soon as the registration certificate has been surrendered by appellant, duty is cast on the department to verify whether the appellant has rightly gone out of the ambit of service tax or not
- Grievance Redressal Mechanism in Banks – Display of Names of Nodal Officers
- The Framework for Pre-Empting Systemic Financial Risks
- Budget 2012 Recommendations – Exemption 3 lakh, 10 to 20 lakh 20%, Above 20L 30%, increase in 80C Limit
- Outward Indian FDI – Recent Trends & Emerging Issues
- Implications of Basel III for Capital, Liquidity and Profitability of Banks
- Union Budget 2012-13 on March 16, Railway Budget 2012-13 on March 14
- SEBI – Clearing and Settlement of OTC trades in Commercial Paper (CPs) & Certificates of Deposit (CDs)
- Salary Income – Valuation of residential accommodation provided by the employer
- Valuation of Perquisite of Motor Car provided by employer
- Settlement of OTC transactions in Certificates of Deposit (CDs) and Commercial Papers (CPs)
- Grant of ‘Certificate of Registration’ – For carrying on the business of Credit Information – CIBIL
- Tax planning by conversion of stock in trade into capital asset
- Tax treatment of Capital gain on sale of Assets by Charitable Trust/NGO
- Carry Forward & Set Off of Losses – Income Tax
- Duty paid mistakenly on exempted goods not make goods liable to duty – SC
- Prior to amendment, withholding tax proceedings under Section 201 of the Income-tax Act have to be initiated within a reasonable period of four years
- Consideration received for technical services rendered in connection with prospecting for or extraction or production of mineral oil taxable us 115A
- IT support services provided by foreign company using hardware in India taxable as business profits – AAR
- Court order sanctioning a scheme of amalgamation or demerger is an instrument and conveyance liable to stamp duty
- Central Excise – Classification – Povidone Iodine Cleansing Solution USP and Wokadine Surgical Scrub classifiable under Chapter sub-heading 3003 – SC
- MVAT Circular 4T of 2012 – Special measures for revival of sick/closed co-operative sugar factories in the state
- I-T dept to install system to monitor working hours of its staff
- Unless there is a findings that assessee’s investments is not business activity and the funds are not utilized for the purpose of business, disallowance u/s. 36(1)(iii) does not arise
- Draft notification to provide Exemption from ‘Common Proficiency Test’
- When AO has conducted an enquiry and taken a possible view u/s 263, then CIT cannot take a different view
- Decision’ does not merely mean the conclusion, It embraces within its fold the reasons forming basis for the conclusion
- Withholding tax not applicable on interest payable to Company having no PE in India under India-Sweden tax teaty
- Payments for sale of software taxable as ‘Royalty’ under Article 12 of the India-Japan tax treaty
- Clarification regarding levy of Excise duty on branded precious metal jewellery
- Expectations from Budget 2012
- State Govt wants CST rate to be hiked to 4%
- Rules for valuation of perquisite forming part of Salary Income
- Panel suggest increase in exemption limit to 3 lakh and in 80C deduction to 2.50 lakh
- Access details of your ITR on Mobile
- Tax benefit under section 54EC on long term capital gain
- Institute of Cost Accountants of India enters MOU with FCI – Students will be able to undergo Practical Training
- Tax Planning Tips- Your parents can help you save tax / reduce your tax liability
- CWA – Exposure Draft of Guidance Note on Maintenance of Cost Accounting Records for comments
- Capital Gains Accounts Scheme – How, who and where to open, Tax Benefits, Salient Features
- Request for Expression of Interest (EoI) for Cost Audit and Energy Audit of Co Operative Sugar Factories in Maharashtra
- Useful tips to save Income Tax for the Financial Year (FY) 2011-112
- LIC Jeevan Vriddhi – New Single Premium Plan
- CMA – President Communique, March, 2012
- CBEC Invites suggestions regards rising litigation with the taxpayer
- SC Asks HC to consider whether Low Tax Effect Circular has retrospective effect
- ITAT reduces additions made on estimate basis by A.O. for low Household withdrawals
- Gains on buying and selling of shares and mutual funds trading income or capital income – ITAT referred matter back to A.O.
- Waiver of principle amount of ‘non trading term loan’ can not be taxed
- CBDT’s Low Tax Effect Circular discriminatory
- National Litigation Policy to Reduce Average Pendency Time from 15 Years to 3 Years
- Overview Of The Prevention of Money Laundering Act, 2002, Prevention Of Money Laundering Bill, 2011 And The Benami Transactions (Prohibition) Bill, 2011
- DGFT – Amendment in the subject of Notification No. 98 (RE-2010)/2009-14 dated 23.02.2012
- Non-deposit taking NBFCs to report and disclose fraud cases
- New Email id to request Income Tax Account Password reset
- Foreign Institutional Investor (FII) investment in ‘to be listed’ debt securities
- Financial Inclusion by Extension of Banking Services – Use of Business Correspondents (BCs) – DBOD.No.BL.BC. 82/22.01.009/2011-12
- Withdrawal from Provident Fund before Completion of 5 years taxable?
- Clarification – Establishment of Branch Offices (BO) / Liaison Offices (LO) in India by Foreign Entities – Delegation of Powers
- Form 26AS – How to Change email ID/Mobile Number
- Mismatch/missing credits in Parts C of Form 26AS & solution (Other than TDS/TCS)
- How to view TDS Certificate from Form 26AS?
- Reasons for mismatch/missing credits in Parts A/B of Form 26AS and remedy (TDS/TCS)
- Whom should Assessee contact for Income Tax refund related queries
- S. 54EC– Reckoning period of six months from the date of transfer
- I-T department filing appeals ‘mechanically’
- Section 50C not applies to transfer of tenancy/ leasehold rights
- Postal ballot papers received after voting date but before counting will be counted
- Investors should not deal with unauthorized Portfolio Management Services providers
- Registration of Companies or LLPs to carry the business of banking, Insurance, Architect, CA, CS Needs Approval
- While rejecting registration u/s. 12A If CIT founds objects in MOA as non charitable he has to mention which objects he found non charitable
- Unless a non-resident earns income from business operations carried out in India, such income cannot be deemed as accruing or arising in India
- S. 80HHC -Sale value less face value of the DEPB will represent profit on transfer of DEPB
- Share Application money cannot be regarded as undisclosed income under S.68
- CIT(A) should admit and examine additional evidence submitted by the Assessee
- CIT(A) has no power to set aside any matter to the file of A.O.
- Revenue Intelligence Dept. unearthed duty evasion of Rs 50 crore
- Income from installation of towers/antennas on building roof, display of hoardings on building top and parking space rent not income from House property
- S. 54F not require construction to complete within specified period
- Port services rendered even without authorization of port, Service Tax credit will be available
- s.254(2)- Rectification application can be moved within the period of four years from the date of Tribunal Order
- MVAT Notification – Submission of Annexures by dealers not required to file audit report in form 704
- If quantum appeal is restored for fresh Consideration to CIT(A), then penalty order should also be restored back to the CIT(A)
- MVAT – Submission of certain annexures by the dealers who are not required to file Audit Report in Form 704
- Section 10(46) of the Income-tax Act, 1961 – Exemptions – Statutory Body/Authority/Board/Commission – Notified body or authority – Competition Commission of India
- Section 10(46) of the Income-tax Act, 1961 – Exemptions – Statutory Body/Authority/Board/Commission – Notified body or authority – National Skill Development Corporation
- Notification for Amendment to Rule 52, 53 and 54 of MVAT Rules
- SEBi issues Guidelines for Credit Rating Agencies
- ICWAI 9th National Award for Excellence in Cost Management – 2011
- CAT Passes Strictures At ‘Mutual Acrimony’ Between ITAT Members
- Supervisory Action Framework for Urban Cooperative Banks (UCBs)
- FEMA – Compilation of R-Returns – Reporting under FETERS
- Share brokers eligible to claim deduction of entire amount due to him from his client as bad debt
- Know Your LIC Policy Status on Mobile
- Transfer Fees received from Members in excess of those provided in by law by a plot society not taxable
- Incomplete or under Construction Building not liable to wealth tax
- Whether assessee entitled to deduction u/s 80HHC on sale made to UNICEF in India?
- Commissioner of Customs, Chennai Versus Denso Kirloskar Industries Private Ltd. (Supreme Court)
- Undesirable haste in passing assessment order results in miscarriage of justice – Delhi HC
- Form 16 Excel Utility with Synopsis to fill Form 24Q
- Format of Advance Tax Reminder to be sent to clients
- How to get Errors & Omissions in form 26AS rectified
- Income Tax Scrutiny Criteria for F.Y. 2011-12 / A.Y. 2012-13
- Critical Analysis of New Section 44AD
- CBEC amends Notification No. 63/1994-Customs (N.T.), dated, the 21st November, 1994 – Notification No. 17/2012-Customs (N.T.)
- Amends Notification No. 62/1994-Customs (N. T.) dated the 21st November, 1994
- Amends Notification No. 36/2001-Customs(N.T) dated 3rd August 2001 vide Notification No. 15/2012 – Customs (N. T.)
- Notified Reporting activities of liaison offices
- CG rescinds Notification No.30/2008-Customs, dated the 3rd March, 2008
- Online Application for Reprint of PAN Card – Documents to be Submitted
- Do’s and Don’ts while applying online for Reprint of PAN Card
- Instructions for Filling the Form for online application for Reprint of PAN Card
- How to apply online for Reprint of PAN Card
- Discount cannot be denied solely on the ground that same were not shown in sale invoices – SC
- Whether penalty and interest can be levied if Excise duty has been paid before issue of Show Cause Notice
- 53rd National Cost Convention- 2012
- Transfer pricing – Non-charging of interest in the controlled transactions is comparable with that of non-charging from the uncontrolled transactions, no transfer pricing adjustment can be made on this count
- Gold Prices and Financial Stability in India – RBI Working Paper Series
- Toppers of Company Secretaries Examination, December 2011
- ECBs for Infrastructure facilities within National Manufacturing Investment Zone (NMIZ)
- Delhi Court Jails CA for bribing Sales tax Officer
- DGFT – procedure for ‘on-line’ filing of PRC requests
- Conditionality for Import of Erythromycin Thiocyanate under Advance Authorization Scheme: Applicability of Policy Circular No.9 dated 30.6.2003 and PC 15 dated 17.9.2003
- DGFT – Expression Handmade includes Braided
- How to know whether our deductor/collector filed quarterly TDS/TCS statement and provided our PAN
- How to know ownership details of a vehicle through mobile
- Right to move court for arbitration – SC
- No Income Tax Scrutiny of Senior Citizens and Small Tax payers Having Gross Income less then 10 Lakh
- ICAI President’s Message – March 2012 – Regional Councils and Branches to organise CPT Classes for Examination in June 2012
- Promising Times for Chartered Accountants
- Circular for Mutual Funds – Distributor Due Diligence, Clarification to Regulation 24 of SEBI (Mutual Funds) Regulations, 1996
- Circular on Mutual Funds – Amendments to SEBI (Mutual Funds) Regulations, 1996, Valuation of Debt and Money Market Instruments, Advertisement
- SEBI Clarification on Offer For Sale of Shares by Promoters through the Stock Exchange Mechanism
- Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Amendment Regulations, 2012 – Amendment in regulations 5, 6, 9, 11, Schedule I and Schedule II
- Verification of Marks of CS December, 2011 Examinations
- ICSI – Guidelines, Rules and Procedures for Supply of Certified Copies) Of Answer Books to Students
- Role-check for the Digital Signatures (DSCs) belonging to authorized signatories of Banks / Financial Institutions
- Amendment to Income Tax (Appellate Tribunal) Rules, 1963
- Import of Gold on Loan Basis – Tenor of Loan and Opening of Stand-by Letter of Credit
- Appointment of Common Adjudicating Authority – Notification No. 13/2012-Customs (N.T.)
- Amends Notification No. 12/97 – Customs(N.T.) dated the 2nd April, 1997
- Duty exemption on re-import of Cut & Polished Diamonds sent abroad for Certification/ Grading
- Rate of exchange of conversion of each of the foreign currency with effect from 1st March, 2012
- Section 2 of the Securitisation & Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 – Financial Institution – Notified financial institution – The National Small Industries Corporation Ltd. (NSIC)
- Stay of Demand -ITAT asks to furnish surety to Assessing Officer
- Company Secretaries Examinations December, 2011 Results on 25th February, 2012
- Immunity U/s. 271AAA(2) cannot be only because entire tax, along with interest, was not paid before filing of income tax return
- Payments to outside lawyers which was not claimed as deductions in computation of profits cannot be disallowed under section 40(a)(ia)
- No addition for G.P. shortfall if assesee explains sales / Purchase difference
- India Ratifies the Multilateral Convention on Mutual Administrative Assistance in Tax Matters
- Amendments to the Combination Regulations – Relief to Corporate entities by making process of filings simpler
- Assessee entitled to claim deduction both under Sec.36(1)(vii) and Sec.36(1)(viia) of the Act but amount of deduction shall not exceed the amount by which such debt or part thereof exceeds the credit balance in the provision for bad and doubtful debts account
- Submission of Credit Information to CICs – Dissemination of Credit Information of suit-filed accounts
- Union Finance Minister’s Speech at Concluding Function of ESIC Diamond Jubilee
- No Time Limit to claim Income Tax Refund in respect of TDS on 8 % Relief Bond
- Coal Mines Provident Fund Commissioner is a Public Officer / Servant – Supreme Court
- Section 80HHC – Face value of the DEPB will be ‘cash assistance’ against export and will fall under Section 28(iiib) of the Act -Supreme Court
- Custom Duty – Electronic Automatic Regulators would fall under Chapter sub-heading 9032.89 – SC
- SC rejects revenue Appeal on the ground that the Revenue has not filed the appropriate papers
- Departmental circulars not binding, Classification Which is beneficial to assesse should be Applied – Supreme Court
- Empanelment with Municipal Co-Operative Bank Ltd., Mumbai for Concurrent Audit
- Cost Accounting Body – Rules of Verification of Answer Papers
- Greece signs international tax agreement to tackle tax evasion
- Task Force on an Aadhaar Enabled Unified Payment Infrastructure Submits Report to Finance Minister
- SEBI (MUTUAL FUNDS) (AMENDMENT) REGULATIONS, 2012 – Amendment in regulations 2, 25, 30 and Eighth Schedule; substitution of regulation 47 and sixth Schedule and insertion of regulation 75A
- DGFT – Import of spares for the existing machinery procured indigenously under EPCG Scheme
- DGFT – Operationalisation of provisions of Para 5.11.2 of Hand Book of Procedure Vol.-1 (2009-14) [RE: 2010]
- Section 80-IA of the Income-tax Act, 1961 – Deductions – Profits and gains from industrial infrastructure undertakings, etc. – Notified undertakings- NOTIFICATION NO. 10/2012
- Appointment & Posting of 13 Newly Appointed Hon’ble ITAT Members
- Budget 2012 – FM hopeful of meeting indirect tax collection target in FY12
- Auditors Not attending appeal challenging audit classification -Cooperative Department
- Corrigendum in description of export item at Sl. No 915, Product Code-62 of the DEPB Rate Schedule
- SEBI – Offer For Sale of Shares by Promoters through the Stock Exchange Mechanism – Circular No. CIR/MRD/DP/ 7/2012 February 23, 2012
- Amendment in notification No 21/2004-Central Excise (N.T.), dated the 6th September, 2004
- Customs – Regarding Courier Imports and Exports (Electronic Declaration and Processing) Regulations, 2010
- Rescinds Notification No. 58/2011-Customs, dated the 8th July, 2011
- Permission for export of wheat through Land Custom Stations (LCS) on Indo-Bangladesh and Indo-Nepal border
- Permission for export of non-basmati rice through Land Custom Stations (LCS) on Indo-Bangladesh and Indo-Nepal border
- Corporates and banks mandated to issue Form 16A downloaded from NSDL Website
- Review of the Economy 2011-12 – Summary and Highlights
- GST will bring about a Paradigm Shift in the Arena of Indirect Taxation in the Country -FM
- DEPB – Whether aluminium grills can be termed as Extruded aluminium products, and if so, Whether assessee can take benefit of Item 7 of Code 61 – No, rules SC
- Chikdren educational allowance – Centre decides to remove the minimum age bar
- Leviability of service tax on toll fee
- Regarding applicability of provisions of the Notifications No. 417 (E) dated 27.05.2011 on Molasses used in Hookah containing tobacco
- Foreign Lawyers cannot practice law in India – Madras High Court
- Three women IRS members in CBDT for the first time in 48 years
- Vending of coffee is in the nature of a catering service and is very essential especially for the employees working round the clock in IT companies – repair of the coffee vending machine is an input service
- Service Tax paid in respect of services received in relation to ‘Repair and Maintenance’ of the staff colony not eligible for CENVAT credit
- Input credit allowable on insurance expenses paid for insurance policy to cover expenses relating to pay-roll
- Second appeal can not be filed against the same order when the first appeal had already been dismissed
- If assessee fails to explain difference in books of Accounts additions for such difference can not be deleted
- Notional income cannot be brought to tax on properties shown and accepted to be taxable u/s 28
- MCA reconstitutes Quality Review Board
- CWA – Examination Pattern for Foundation Course (Entry Level) Part-I from June 2012 onwards
- RBI Releases Draft Guidelines on Liquidity Risk Management and Basel III Framework on Liquidity Standards
- Amendment in Chapter 10 of Schedule 2 of ITC(HS) Classification of Export and Import Items relating to export of Basmati Rice.00
- Income Tax Calculator in Excel for A.Y. 2012-13
- Auto Excel Income Tax Challan ITNS 280 & ITNS 281
- Income tax Dept may get to re-open tax returns beyond 6 years if foreign assets involved
- Budget 2012 – Foreign bank deposits, paintings, watches may attract wealth tax
- Recent Liberlisation and Simplification in Softex Procedure, Payment allowed to be recd. in advance beyond one year, Release of Foreign Exchange for Imports
- RBI allows exporters to receive advance payment for export of goods which would take more than one year to manufacture and ship
- Increase in limit to USD 5000 for foreign exchange remittance towards imports without any documentation formalities
- CBI arrests service tax superintendent in bribery case
- IDBI Bank provides account portability facility to customers
- If facts are similar, Tribunal directs CIT(A) to re-decide the appeal in line with direction issued by Tribunal in its earlier order
- Ambit of service tax to be widened – State FMs to meet to cover more services
- Transfer of shares within promoter group of a company would be considered as an equity sale – SEBI
- Indian Banking Sector – Towards the Next Orbit
- SEBI standardize lot size for IPO propose to list on SME exchange/platform and for secondary market trading on such exchange/platform
- Governance deficit and financial crisis
- No Penalty U/s. 271AAA Even If Tax On Undisclosed Income Unpaid
- Banks eligible to claim both deduction for bad debts and provision for bad and doubtful debts
- Status of Admission to Company Secretaries (CS) Executive Programme
- Applicability of Provisions of Section 194C to the payments to Calcutta Dock Labour Board (CDLB)
- SEBI (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2012 – Amendment in regulations 53, 70 and 93
- ICWAI to hold first convocation and annual award function at Kolkata
- Date of filing of the return is relevant date to consider the applicability of the proviso to section 245R(2) of the Act
- ICAI Requests Members to Share Hardship Being Faced with Regard to TDS Returns
- Empanelment with New India Assurance Company Limited for concurrent audit
- Interest payable U/s. 220(2) to be computed from the date of fresh assessment order if original been set aside
- Payment under inter-linked contracts for manufacturing attracts TDS u/s 194C – Karnataka High court
- Section 50C – Fair market value determined by DVO cannot be replaced for full value of consideration
- Authority for Advance Rulings (Income-tax) – Frequently Asked Questions
- TP Adjustments to be restricted to international transactions and cannot form the basis for rejecting books of accounts
- Interest on Income tax refund received by foreign company taxable as interest income and not as business income
- Trading by way of re-export of imported goods from SEZ eligible for tax deduction under section 10AA
- Section 80IA- Industrial Parks becoming operational and applying for registration after 31 March 2006 not eligible for tax holiday under erstwhile Industrial Park Scheme, 2002
- Without reference assumption of jurisdiction by Transfer Pricing Officer in working out arm’s length price not justified
- Section 50C not applicable to tenancy rights and unregistered document
- Payment of commission to Indian agent at arm’s length price does not relieve non-resident from further attribution of profits to PE in India
- CBDT exempts return-filing for salaried having total income upto Rs 5 lakh
- Non-availability or non-association of independent witness cannot be a ground for discharge or acquittal in all cases
- In Re NetApp B.V. – Filing of the return is the relevant date to consider the applicability of the proviso to s. 245R(2)
- Post Ponty Chadha alleged leakage Reshuffle of charge in CBDT
- How to Turn Convert Scanned Document Into Microsoft Word Document
- How To Compute ‘Indexed Cost of Acquisition’ For Gifted Assets – Delhi HC
- Section 65(105)(zm) of the Finance Act, 1994 – Banking and Other Financial Services – Service tax on Commitment charges collected by Banks
- Centre moves SC seeking review of verdict in Vodaphone issue
- Feature of NRE & NRO Account with comparison
- It is enough if bad debt written off as irrecoverable in the accounts of assessee, subject to provisions of S. 36(2)
- If AO wants to use any witness against the Assesee then principle of natural justice demands offering the witness for cross-examination of the assessee
- New Syllabus for the Foundation Programme of the Company Secretaryship Course
- Revised Recommendations for Combating Money Laundering and Financing of Terrorism
- Guidance Note on Accounting for Self- generated Certified Emission Reductions (CERs) (Issued 2012)
- Guidance Note on Accounting for Rate Regulated Activities
- Payments received by the applicant from the distributor for sale of software product is in the nature of royalty
- Clarification regarding admissibility of exemption under area-based Notifications No. 49/2003-CE and 50/2003-CE, both dated 10.06.2003 in specific situations – reg.
- Interest on bonds/debentures – Notified bonds/debentures of Rural Electrification Corporation
- Interest on bonds/debentures of Indian Railway Finance Corporation Ltd exempt u/s. Section 10(15)(iv)(h) of Income-tax Act, 1961
- Furnishing of Annual Statement by a non-resident having Liaison Office in India
- Lead Bank Scheme – Participation of Public Representatives like MPs/MLAs/Zilla Panchayat Chiefs in District Level Review Committees (DLRC)
- Adoption of uniform Customs Procedure for calculating the contents of Iron Ore for the purpose of charging of export duty
- ICAI announces setting up WICASA Branch at Navi Mumbai
- Allocation of Corporate debt long term category to FIIs – Circular No. CIR/IMD/FIIC/5/2012
- Fight against corruption is incomplete unless illegal assets are recovered
- If AO objects to admission of additional evidence, then CIT(A) should give categorical finding in terms of Rule 46A for admission thereof
- When the company is under liquidation, appeal could only be filed by official liquidator
- Even if Rule 8D not applicable, indirect expenses which may be attributable on a reasonably proper basis can be disallowed
- Check Status of PAN / TAN Application with NSDL
- Liability to pay service tax on commission paid to Foreign Service provider arises only with effect from 18.4.2006
- DVAT for Works Contractors – Jargon Simplified
- Excise Duty on Branded Readymade Garments
- Practical Aspects in Works Contract – A Service Tax Perspective (Part – 1)
- S. 28(va)(a) – Amount received for “not carrying out any activity in relation to any business” taxable only from A.Y. 2003-04
- DTC committee favoured raising I-T exemption limit to Rs 3 lakh
- Income Tax Department Seizes cash,Jewellery and Fixed Deposit worth Rs. 11.61 crore
- Guidance Note on Accounting for Real Estate Transactions (Revised 2012)
- Need to move from government regulation to self regulation says Moily
- DGFT – Corrections in Public Notice No.80/(RE2010)/2009-14 dated 13.10.2011 and Public Notice No.83/(RE2010)/2009-14 dated 31.10.2011
- What is ITR-V, Time Limit, where to submit and what if not submitted within time
- Is it mandatory for me to file an Income Tax Return if I have a PAN?
- Auto-fill Form No. 49A in Excel for PAN Application
- Standard deduction of Rs 50 thousand for salaried employees- CBDT committee suggests
- Company Secretaries June, 2012 Examination -Applicability of the latest Finance Act and other changes
- A practical insight to XBRL Efiling
- CAG extends last date for empanelment application and submission of documents
- Consideration received by Assessee for software not royalty
- How To Complain Against Corruption
- Investor Grievance Redressal Mechanism at Stock Exchanges – Circular No. CIR/MIRSD/2/2012 – Dated – February 15, 2012
- RBI allows non-banking entities to set up ATMs
- FEMA – Clarification – Purchase of Immovable Property in India – Reporting requirement
- Export of Goods and Services- Simplification and Revision of Softex Procedure
- Notification No. 11/2012 – Customs (N. T.) – Amends Notification No. 36/2001-Customs(N.T) dated 3rd August 2001
- Minimum Export Price of Onions – DGT Notification No 96 (RE – 2010)/2009-2014
- Procedure for Correction of Income Tax Payment challan
- Reassessment notice not invalid just because of absence of suffix private Limited in Notice
- How to Request re-issue of Income tax Refund?
- Disallowance U/s. 14A as per Rule 8D can not be made for the period prior to 01.04.2008
- Procedure for issuance of Lower / Nil TDS Certificate
- TDS on Provision for Expenses for which no invoice been received
- Valuation of goods manufactured on job-work basis – Tribunal did not consider whether the parties were related – Matter remanded – SC
- Certified Registration Centre at the office of chartered accountants to provide online registration facility in CPT course
- Document on which PAN required to be quoted
- Income Tax Payment Challan 280 in Excel Format
- Download Custom / Import Duty Calculator in Excel Format
- Share loss to be first set-off to determine what Gross Total Income consists of under explanation to section 73
- Budget 2012 – Home Loan interest Exemption limit may be raised to Rs 3 lakh
- Reopening Notice u/s 147 issued within Limitation Period but served after Limitation Period is valid
- No Capital Gain on transfer of FSI credit by way of TDR if cost could not be ascertained
- Regarding time bound Customs clearance of Cargo from Ports/Land Customs Stations/Air Cargo Complexes, CFSs/ICDs
- Nil E-TDS Return, Nil Challan, When to file nil return
- ICAI empanelment of exam observers for May-June 2012 Exams
- Inauguration of New Office Buildings in Durgapur and Kolkata by Finance Minister
- RBI raises Bank Rate as a Technical Adjustment
- Satyam Case – ICAI bans Srinivas Talluri and Vadlamani Srinivas from practice for life
- Indians deposited over $500bn black money in banks abroad- CBI
- Jaydeep Shah elected as CA Institute President and Subodh Kumar Agrawal as Vice-President
- Commercial production of mineral oil as per sec. 80IB (9) involves the activity of extracting oil from underneath of surface and transport it for sale
- Whether Section 25 company entitled to have two kinds of memberships
- ED, I-T dept may be asked to probe Antrix-Devas deal
- Railways Advise Passengers to Use Current Reservation Counter Facility for short Notice Journeys
- Central Excise – Manner of payment of duty and Account Current
- Classification and Valuation under Central Excise Act and Rules
- Assessment , Provisional assessment, Scrutiny of Assessment Under Central Excise Act and Rules
- Overseas subsidiary with single shareholder is a separate legal entity for tax purposes
- No penalty for inadvertent reporting of income if assessee establish bonafide and innocence
- Procedure for Central Excise Registration and grant of Registration Certificate
- Registration under Section 10(23C)(iv) cannot be denied on the ground of variation in administration expenses
- Sharing of net revenues consistently in controlled and uncontrolled transactions held as a valid comparable uncontrolled price – ITAT Mumbai
- Time barred assessment is void ab-initio,no need to deposit 25% u/s 62(5) under PVAT Act, 2005
- US based company engaged in the business of money transfer does not have a Permanent Establishment in India under the India-USA tax treaty
- Interest on borrowings made for acquiring shares in Malaysian company alongwith controlling interest is allowable
- I-T department obtains instances of unreported transactions of over Rs 2,000 crore
- Service tax on Construction Services- CBEC Clarification
- DVO opinion could not be regarded as information for the purpose of reopening an assessment U/s. 147
- Additional depreciation allowable qua industrial undertaking and not qua the whole business of the assessee.
- HUF with only Female Members and HUF without Females
- Constitution of Regional Advisory Committee of Central Excise Mumbai Zone-I for Calendar Years 2012 & 2013
- Once tax has not been deducted and even if such tax has been paid by the deductee, Disallowance u/s.40[a][ia] can be made
- Power Delegation Under Section 64 of MVAT Act 2002 – DC (A and R)/VAT/PWR(INV)/2006/3/Adm-6 Dated 04/02/2012
- Damage for unauthorized trademark use can be claimed only on submission of proof of damage
- Circumustances when Rs. 1,50,000 maximum interest deduction not available on Self Occupied property
- Income Tax department slaps Rs 1,137 cr additional tax notices on DLF
- Clarification regarding Filing of conflicting ROC returns by contesting parties
- Amount received towards issue of share cannot be considerd as revenue receipt
- Owning of Pan,filing of return, Payment through banking channel not a conclusive proof that, the gift is genuine
- Amount which was never routed through or debited the profit & loss account could not be considered for the purpose of determination of book profits
- Autofill Online Direct Tax Payment Challans Through Excel Utility
- November 2011 Examination CA PCC, IPCC Toppers, Pass Percentage
- For Calculating 90% of Commission, Brokerage etc under Expl (baa) to section 80HHC netting of income from expenditure is allowed
- For Promotion and Choice Posting achievement of revenue collection target to have highest weightage – CBDT
- Section 143(3) assessment order without AO’s signature is Void – ITAT Mumbai
- Carrying of Original ID Proof to be Compulsory During Train Journey in all Air Conditioned Classes
- Revised / New procedure for activation of TAN account
- Montek not in favour of referring legislative Bills to ‘expert groups’
- Bangalore Metro to float tax-free bonds to raise Rs 2,000 crore
- Sebi enhances minimum investment amount in Portfolio Management Scheme to Rs 25 lakh
- CASB releases Exposure Draft of CAS – 2 (Revised 2012)- Invites Comment
- Income Tax Exemption Limit to be raised to Rs 3 lakh – Parliamentary Committee
- Amendment in SION, A1790 and A1834 – Public Notice No. 98(Re 2010)/2009-2014
- ICAI announces date, Schedule, Exam Centres, Fees of CPT (Paper- Pencil Mode) June 2012 Exams
- ICAI help desk to attend students’ queries on examination matters including admit card
- RBI permission no longer required for cut in sanctioned ECB limit
- CENVAT Credit (First Amendment) Rules, 2012 – Notification No. 01/2012-Central Excise (N.T.)
- Disallowance by CIT(A) of expense without any specific opportunity to the assessee in the matter of rendering of services not justified
- Amends Notification No.64/95-Central Excise, dated the 16th March, 1995
- Notification No. 06 /2012-Customs – Amends Notification No. 39/96-Customs, dated the 23rd July, 1996
- Section 147 applies both to section 143(1) as well as section 143(3) – No reopening u/s 147 in absence of ‘new material’
- Finance Lease – Lease equalization charge as per ICAI Guidelines is allowable
- ICAI – Discontinuation of Despatch of Admit Cards in physical form
- Fixation of a new SION (C–2048 ) and addition / deletion / amendment in 5 SIONs of Engineering Product Group (Product Code ‘C’) in the Hand book of Procedures V.2 (2009-14)
- S. 80HHC – SC reverses Bomaby HC judgment in Kalpataru case, DEPB Face value covered U/s. 28(iiib)
- Govt set to miss direct tax collection budget estimate
- Meaning of the expression ‘gross amount’ appearing in Rule 3(1) of the Works Contract (Composition Scheme for Payment of Service Tax) Rules, 2007, as it stood prior to 07th day of July 2009 – regarding
- Direct Tax Collection Deficit – CBDT chief writes to top I-T officials
- Import policy of arms and ammunition for Specified Sportspersons / Sport Bodies, amendment thereof
- Announcement for CAT Students regarding new Pattern of Examination and Structure of Foundation Course (Entry Level) Part-I
- Guidelines in respect of the disclosures to be made in the Letter of offer in respect of Buy-back of securities in terms of SEBI (Buy-back of Securities) Regulations, 1998 and Format of Standard letter of offer
- Clarification – Establishment of Project Offices in India by Foreign Entities – General Permission – A.P. (DIR Series) Circular No. 76
- RBi asks Co-Operative Banks to display list of unclaimed deposits/inoperative accounts for ten years or more on their respective websites
- Implementation of the provisions of Foreign Contribution (Regulation) Act, 2010
- SEBI amends Equity Listing Agreement – Amendment in Clause 40A, 43, 43A
- Seeks to impose anti-dumping duty on import of Coumarin, originating in, or exported from, the People’s Republic of China
- Correction in OLTAS / Income Tax / TDS / Direct Tax Challan, Type of Correction and Period for correction
- Depreciation allowed on intangible assets acquired on or after 1st April, 1998 – Expenditure on acquiring database cannot be claimed as revenue expenditure
- Assessee to whom DTAA applies, the provisions of Income Act shall applied to the extent they are more beneficial to the assessee
- Loss from windmill business can be set off against other heads of income
- Bank Guarantee Commission not liable to TDS U/s. 194H as it is is not a transaction between principal and agent
- 2G case – CBi accuses CA Nilesh Doshi of resiling from statement
- Once tax has not been deducted and even if such tax has been paid by the deductee, disallowance u/s.40[a][ia] can still be made.
- For section115JA/JB Deduction U/s. 80HHC to be computed with reference to the net profits in the profit and loss account – SC
- CIT (A) Guilty of ‘Contempt’ For Not Following ITAT Verdict
- Book Rail Tickets 120 day in advance w.e.f. March 10, 2012
- Form-16 FY 2011-2012 excel utility for upto 100 employees
- Can excess TDS Paid for last Financial year can be adjusted against current financial year
- CBEC Achieves Nearly 80.74% of Budget Estimate Up-to January, 2012 in the Current Fiscal
- Direct Tax Collection During April-January of the Current Fiscal up by 14.57 Percent
- Tips to save Income tax for Salaried Person
- Sebi to give MCA list of over 500 cos who violated Collective Investment Scheme (CIS) rules
- SC directs Speak Asia to deposit investos Money
- Amends Notification No. 39/96-Customs, dated the 23rd July, 1996
- RBI asks banks to refund unclaimed deposits estimated over 1700 crore rupees
- FEMA – Claim for interest in the nature of compensation for wrongful retention of money is not maintainable
- It is not permissible for the executing authority to look beyond the order it is required to execute
- Excise Duty- Value Based Exemption Scheme for Small Scale Industries
- Corporate India wants no change in tax rates in 2012-13 Budget
- Union Budget on 16th March and Rail Budget on March 14
- Excise Duty on Readymade Garments- Exempt turnover of Rs. 8.90 Crore
- Eligibility to appear in May 2012 Integrated Professional Competence exam(IPCE)
- Amendment in Appendix – 30 A relating to Export Obligation Period under Advance Authorization/DFIA Schemes – Public Notice No. 96 (RE-2010)/2009-2014
- Assessee has right to plan its affairs in such manner which may result in payment of least tax possible
- No Penalty for wrong / non furnishing of PAN in TDS return if Asseee files later revised return with Correct PAN
- Time to Invest Big in Infrastructure – Infrastructure Bonds
- Provisions written back can not be added to income if provision was not allowed in the earlier year
- If relationship of principal and an agent exsit then TDS is deductible on Commission
- No Service tax payable if benefit of service accrued to the foreign clients outside the Indian territory
- Addition U/s. 68 for non reply of Notice U/s. 133(6) – ITAT remanded matter Back to A.O.
- Exemption from service tax on export not available if payment not received in convertible foreign exchange
- ITAT reduces addition made by AO after rejecting the books of accounts
- GTA – Cestat Explains Conditions for Abatement of 75% from the gross freight value under Notification No. 32/2004-ST dated 03.12.2004
- SEBI (Buy-back of Securities) (Amendment) Regulations, 2012
- All you want to Know about Deflation
- Guidelines for Conversion of Cost Accountants’ Firms into Limited Liability Partnerships (LLPs)
- External Commercial Borrowings – Reduction in amount,all-in-cost of ECB and Changes/modifications in the drawdown schedule,
- Unclaimed Deposits/ Inoperative Accounts in Banks – Display list of Inoperative Accounts
- Finance Minister hopes an Upward Revision in the GDP Growth
- Deduction under section 80DDB – Do I need to reduce Insurance Claim recd. from Expense Amount
- Sebi directs two to pay Rs 2.72 cr for unlawful gains
- Deduction of Interest Paid on More Than One Loan Borrowed for Purchase or Construction of same House
- Budget 2012- Income tax exemption Limit may be raised to Rs. 2 lakh
- Deregulation of Savings Bank Deposit Interest Rate – Clarification – UBD.BPD.(PCB) CIR No. 18 /13.01.000/2011-12
- In motor vehicles accident compensation claims entire amount may be disbursed to the claimant if he or she is literate – SC
- No VAT on Goods Sold by Duty Free Shops – SC
- Proceedings in bounced cheque cases under Negotiable Instruments Act will continue even if there is a scheme to revive the sick company
- Budget 2012 – Govt likely to reduce STT in Budget
- IRDA – Exposure Draft on Insurance Cover for Persons Living with HIV/AIDS
- RBI cautions Public Once Again against Fictitious Offers
- Guideline / Prohibition on acceptance of foreign contribution under FCRA, 2010
- Scamsters using Income Tax dept website to dupe people
- Highlights of the National Policy on Narcotic Drugs and Psychotropic Substances
- TDS on Salary Payments to Non Residents & Expatriates
- Budget 2012 may bring more services in tax net with introduction of negative list
- Know Your Unique Code Number
- PAN likely to become most potent tool to unearth black money, tax evasion
- Payment for shrink wrapped software/ off-the-shelf software amounts to ‘royalty’
- Taxability of Income from Leasing of Hotel with provision and maintenance of various facilities and amenities
- Receipt of retention money by furnishing bank guarantee not chargeable to tax as it accrues only on a successful completion of a contract
- Consideration for transfer of limited right to use the know-how taxed as royalty income
- Business support services of advisory nature under a cost contribution agreement are consultancy services liable to tax withholding
- Income-tax Authorities have no jurisdiction to tax payment made outside for supplies taking place outside the country
- Business income accruing or arising to the applicant can be taxed in India only in respect of such operations carried out in India – AAR
- Mandatory death penalty unconstitutional – Supreme Court
- International Taxation – Witholding Tax Rates and provisions
- Merely because appellant did not make debit of the CENVAT Credit and did not make proper entries in the ST-3 return, confirmation of service tax demand not justifiable
- Fabrication does not amount to manufacture, service tax is not leviable
- Notification 32/2004-ST does not require consignment-wise declaration on consignment notes or prescribe any format for filing the declaration
- Re Foster Wheeler France SA – Date of filing of the return is the relevant date to consider the applicability of the proviso to section 245R(2) of the Act
- Interrogation by Income tax officials till late night is torture & violation of human rights
- Transfer Pricing Concept & The Law in India
- TDS on Pension and Retirement Benefits
- Income From Salary – Meaning, Exceptions, Valuation of Perquisites, Exempt Allowances & Deductions
- Overview of TDS Provisions related to Salary
- ICSI to declare result of CS Foundation, Executive & Professional Level on 25th Feb 2012
- If government authority performs a service which is not in the nature of statutory activity for a consideration not in the nature of statutory fee/levy, then in such cases, service tax would be leviable
- If the entire demand had been deleted the penalty imposed too deserves to be deleted
- Cenvat claim cannot be denied on goods destroyed in fire merely because Insurance company paid for that inclusive of excise duty
- Need for more research in investor education- SEBI Chairman
- SC Sympathy in bounced cheque case
- TDS credit to be allowed if difference between TDS claim and TDS in AS-26 data does not exceed Rs. One lakh
- Deduction u/s. 80C for tuition / school / education fees
- Deduction U/s 80D for Mediclaim Premium to Individual, HUF and Senior Citizens
- Things you should know about the ETDS-ETCS
- Solutions to errors while doing ETDS Return
- If business was set up during the year Assessee entitled to benefit of carry forward of business loss and depreciation
- FM asked to retain tax rates at existing levels and to increase exemption limits
- Income tax Calculators from A.Y. 2001-2002 to A.Y. 2012-2013
- Brief Study of Deduction of tax on Salary U/s. 192
- CA, CS, CWA Amendment Act, ICWA name change effective from 1st February,2012
- Payment under inter-linked contracts for manufacturing attracts TDS u/s 194C
- Genuineness of transaction when identity of the share holders has not been established and notice u/s. 133(6) remained unserved
- For exercise of power U/s. 263, it is mandatory that order passed by AO should be erroneous and prejudicial to interest of Revenue
- FM Holds Meeting with Representatives of Business and Trade as Part of Pre-Budget Consultations
- Accepting SMS Sent by IRCTC on Par With Electronic Reservation Slip (ERS) for Undertaking Train Journey on E-Tickets
- Initiatives on Safeguards of Deserted NRI Women
- India Exempts Essential Commodities to Bhutan from Export Bans
- Mahindra Satyam receives provisional attachment order from the Income Tax Department
- Constitution of DRP at specified places vide ORDER NO. 1/FT&TR/2012
- TRAI Releases Pre-Consultation Paper on “Allocation of Spectrum in 2G Band in 22 Service Areas by Auction”
- IRDA – Discussion paper on Tying And Bundling Insurance Policies With Other Services And Goods
- Appeal filed by the assessee liable to be unadmitted/dismissed, for non attendance
- IRDA – Constitution of Health Insurance Forum
- CA PCE and IPCE results expected on 9th February, 2012
- SC Cancels 122 licenses for mobile networks issued during A Raja’s tenure as Telecom Minister
- ICAI considers proposal to increase disclosure by listed cos
- Govt. putting pressure on revenue officials to meet revenue targets
- AAR – WaveField Inseis ASA – Date of filing of the return is relevant to consider applicability of proviso to section 245R(2)
- Liquor baron Ponty Chadha denies seizure of Rs 100 cr from mall
- Grant of Loans and Advances and Award of Contracts to Directors of Banks and their Relatives
- RBI asks commercial banks not to overvalue houses while providing loans
- Laxman Das takes over as new CBDT chairman
- Inclusion in the Second Schedule to the Reserve Bank of India Act, 1934 Industrial and Commercial Bank of China Limited
- FM asks Customs Administration to Function on Principles of Transparency, Predictability, Strong Legal Processes and Productive use of it
- ICSI Launches New Syllabus for CS Foundation Programme
- Exposure Draft on Proposed New Syllabus for Executive and Professional Programme of The Company Secretaryship Course
- List of Applications for supply of Certified Copies/Inspection of Answer Books of November, 2011, CA Final Examination received by the Examination Department
- ICWAI Circular regarding Change in Cut off date for training from Dec.12 to Dec.13
- FAQs – The Companies (Cost Accounting Records) Rules 2011 (CARR) & The Companies (Cost Audit Report) Rules, 2011 (CAR)
- Fixation of Standard Input-Output Norms (SION) for the export product “Articles made of Thermo Plastic Elastomer (TPE)”
- Amendment of Standard Input Output Norms (SION) of Food Products (Product Code: ‘E’) in the Handbook of Procedures V.2 (2009-14) – PUBLIC NOTICE No. 94 (RE-2010)/2009-14
- Amendment of Standard Input Output Norms (SION) of Food Products (Product Code: ‘E’) in the Handbook of Procedures V.2 (2009-14)
- Fixation of Standard Input Output Norms (SION) of Food Products (Product Code: ‘E’) in the Handbook of Procedures V.2 (2009-14)
- RBI asks banks to evaluate risk of unhedged forex of companies
- Reviving Signals
- Failure to Furnish Return by Assessee who has taken ST registration cannot be said non deliberate
- Exposure Draft on Guidelines on Prospect Product Matrix for Life Insurance
- Indian Oil Corporation Ltd & Anr. Versus Sushila Kumar & Anr (Delhi High Court)
- Private Citizen has a Right to ask for sanction to Prosecute a Public Servant – SC
- Assessee cannot be held to be a trader in shares with respect to delivery basis transaction
- Add. CIT Sentenced to Undergo Four Years Rigorous Imprisonment
- Allahabad HC orders IOC to pay entry tax on crude
- ICWAI – Important Announcement for Students for June 2012 Term of Examination
- Income Tax Department searches premises of liquor baron Ponty Chadha
- Private Sector Banks as Agency Banks of RBI can handle Govt. business
- Euro Burns Money
- No Tax On Society Redevelopment Gains
- Transfer Pricing – TPO can rely on ‘contemporaneous’ data even if not available at specified date – ITAT Bangalore
- Govt to present new Companies Bill in upcoming budget Session
- Sebi imposes Rs 40L penalty for involvement in fraudulent trade practices
- SEBI – Offer For Sale of Shares by Promoters through the Stock Exchange Mechanism – Circular No. CIR/MRD/DP/ 05/2012 February 1, 2012
- Adjustment of service tax paid under wrong accounting code allowed -Cestat
- ICWAI President Communiqué February, 2012
- Form 16 for AY 12-13 in Excel with formula
- Finance Minister Holds Meeting With Leading Economists as Part of the Pre-Budget Consultation Process
- Sebi notifies Institutional Placement Programme (IPP) norms to help promoters dilute stake
- Regarding Classification of Fused Silica under Customs Tariff Act, 1975
- Tariff Value increased for Gold, Silver, Brass Scrap and Poppy Seeds
- CBDT Extends last date for submission of ITR-V for A.Y. 2011-12
- Documents Required For Registration of Central Excise Number
- Sebi (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2012
- Deferred Payment Protocols between Government of India and erstwhile USSR – A.P. (DIR Series) Circular No. 74
- Auto TDS and TDS interest calculator
- Period of limitation if applies to principal amount should also apply to claim for interest – HC
- IPCC Students Registered on or before 1st March / 1st September can appear in November /May Examination
- Exemption scheme benefit not available as assessee fails to start production at its refinery during the qualifying period
- Assessee not required to prove the source of source
- For rejecting the view taken in earlier assessment years, there must be a change in the fact situation or a material change in law
- Download Simple Overtime Calculator
- Maharashtra Shops and Establishments (Amendment) Rules, 2012
- PPF Scheme, 1968/Senior Citizens Savings Scheme Rules, 2004 – Notified branches of Central Bank of India
- Banking – Factoring Regulation Act, 2011 – (NO. 12 OF 2012)
- Finance Ministry Develops Comparative Rating Index of Sovereigns (CRIS)
- Inflation to be in between 6 and 7 per cent and Growth Rate to be above 7 per cent by March End 2012
- Indian Banking- Journey into the Future
- CBI registers Case against Certain Officials of Central Excise, Railways and Others
- Master Circular on Memorandum of Instructions governing money changing activities – Updated as on January 31, 2012
- Government Agency Business Arrangement – Appointment of Private Sector Banks as Agency Banks of Reserve Bank of India (RBI)
- MVAT – Additional List of Suspicious Dealers who has issued false bills without delivery of goods
- Yograj Infrastructure Ltd Vs. Ssang Yong Engineering & Construction Company Ltd. & ANR. (SC)
- CIT Appeal to consider documents submitted by the Assessee before passing Ex-parte Order
- Refund of Statutory / ROC Fees Paid by mistake to MCA
- Units of mutual funds are not generally trading instrument – ITAT Mumbai
- ICAI – Double home loan repayment exemption limit to Rs 3 lakh
- ICAI panel on black money to submit report in a fortnight
- ICAI President’s Message – February 2012 – Amendment to the Statutory Auditor’s Reporting Responsibilities
- Press Release on signing of Convention on Mutual Administrative Assistance in tax matters as amended by the 2010 Protocol by India
- Regarding implementation of the pneumatic tyres and tubes for Automotive Vehicles (Quality Control) Order, 2009 DIPP Office Memorandum dated 13-12-2011
- TDS not deductible on freight chargers shown separately in Goods Purchase Bill
- Section 10E of the Companies Act, 1956 – Board of Company Law Administration – Constitution of – Revision of fees payable in terms of regulations 29 & 30 of the CLB Regulations, 1991
- Company Law Board (Amendment) Regulations, 2012 – Amendment in regulation 30
- Rate of exchange of conversion of each of the foreign currency with effect from 1st February, 2012
- Amends Notification No. 12/97-Customs (N.T.), dated the 2nd April, 1997 thereby notifying Tondiarpet (TNPM), Chennai as ICD
- Insurance – AML/CFT guidelines – CIRCULAR NO. IRDA/F&I/CIR/AML/028/01/2012, DATED 27-01-2012
- Deregulation of Savings Bank Deposit Interest Rate – Guidelines for Co-operative and Regional Rural banks
- Memorandum of Instructions for Opening and Maintenance of Rupee /Foreign Currency Vostro Accounts – A. P. (DIR Series) Circular No.72
- Memorandum of Instructions governing money changing activities – A. P. (DIR Series) Circular No.71
- If agreement was on principal-to-principal basis, payments made by the assessee to the distributor cannot be treated as commission liable for TDS U/s. 194H
- If asseee repaid the short term loan received by him the said amount could not be treated as income of assessee
- In the absence of nexus between Education expenditure incurred for Director’s son and business of assessee company the same is not deductible
- Taxability of waiver of principal amount of loan taken for purchase of capital asset or remission of trading liability
- Can an assessee engaged in letting out of rooms in a lodging house also treat the income from renting of a building to bank on long term lease as business income?
- Can an assessee not claiming deduction under section 80-IB in the initial years claim the said deduction for the remaining years during the period of eligibility, if the conditions are satisfied?
- Does income derived from sale of export incentive qualify for deduction under section 80-IB?
- Exemption u/s. 54 in respect of more than one residential flat acquired by the assessee under a joint development agreement with builder
- Income tax & HRA Calculator + Form 16 + ITR AY 2012-13
- Capital Gain Calculator for Shares – Long Term and Short term gain
- Know status of ITR-V / Income Tax Return Filed online
- Income tax Calculator for A.Y. 2012-13 & 2011-12
- CA in Delhi commits sucide
- Consolidated FDI Policy Circular-Issue of fifth edition of the Circular -Inviting comments from stakeholders
- Can AO tax the actual profits as per books of accounts, if the same is higher than 10% of receipts which deemed to be the profits u/s. 44BBB in case of a foreign company engaged in turnkey projects?
- IASB and FASB seek to reduce differences in classification and measurement models for financial instruments
- Waiver of Certain Requirements Relating to Preferential Allotment to Insurance Companies and Mutual Funds
- Govt to take up Indonesia’s proposal on coal tax
- Provisions for Deposit of tax, Credit of TDS, TDS Certificate, TAN and Time Limit for Deposit of Tax
- How to know your Income Tax Jurisdiction
- Claiming HRA – What to do if landlord refuse to furnish PAN?
- Deduction from Income we use to forget while computing taxable income
- ITAT can dismiss appeal for non attendance despite issue of notice to attend
- Allowability of bad debts under section 36(1)(vii)
- Would expenditure incurred on feasibility study conducted for examining proposals for technological advancement relating to the existing business be classified as revenue expenditure, where the project was abandoned without creating a new asset?
- Would the phrase “used for purpose of business” in respect of discarded machine include use of such asset in the earlier years for claim of depreciation under section 32?
- Is the assessee entitled to depreciation on value of goodwill considering it as “other business or commercial rights of similar nature” within the meaning of an intangible asset?
- What can be the tests to determine “substantial part of business” of lending company for the purpose of application of exclusion provision under section 2(22)?
- Would the procurements of parts and assembling them to make windmill fall within the meaning of “manufacture” and “production” to be entitled for deduction under section 80-IB?
- Would grant of transport subsidy, interest subsidy and refund of excise duty qualify for deduction under section 80-IB?
- Can penalty under section 271(1)(c) for concealment of income be imposed in a case where the assessee has raised a debatable issue?
- ICWAI revised fees payable by members w.e.f. 01.04.2012
- Need to widen the reach of the mutual fund industry in the country- SBI Board
- Budget 2012- FinMin considers imposition of higher excise duty on Diesel cars
- IT official convicted in bribary case
- India Signs Multilateral Convention on Mutual Administrative Assistance in Tax Matters
- India must have independent regulator for auditors – PwC
- Comments invited on the XBRL filings for Financial Year 2010-11
- Section 42(1) of the Reserve Bank of India Act, 1934 – Maintenance of CRR – Circular No. RPCD.CO.RCB.BC.No.56/07.02.01/2011-12
- Additional Repo Operations under Liquidity Adjustment Facility (LAF) on Reporting Fridays
- Know Income tax Refund failure Status
- TDS – Provisions related to Lower deduction / non-deduction of tax and on payment to Government
- All about e-TDS and Quarterly Statements Of TDS
- Format of details to submitted during Income Tax Assessment
- Income Tax Calculator for A.Y. 2011-12, 10-11, 09-10, 08-09, 07-08
- Delay in notice U/s. 143(2) Renders Assessment Void – HC
- Public issue of Hudco Tax Free Bonds to open on 27 Jan 2012
- Petition in HC against minimum wages specified in CA Offices by Kerala State Government
- Procedure and FAQ for On-line Submission of Application for Verification of Answer Books for CA students
- Get Your Firm Status Updated by 31.01.2012 for Empanelment with C&AG and Bank Branch Auditors’ Panel
- ICAI issues Exposure Draft of Guidance Note on Rate Regulated Activities for comments
- Ex – ITAT Members can practise before the Benches of Tribunal where they were not posted – HC
- Validity of reopening of assessment should be judged only with reference to the reasons recorded by the Assessing Officer u/s.148(2)
- Salient Features of IRFC Tax Free Bonds – Opening on 27 Jan 2012
- Budget 2012- Government may bring provisions to tax overseas deals
- Punjab Polls – Candidates rope in CAs for managing poll expenses
- I-T official convicted in bribary case
- SEBI – Eligibility criteria for qualified depository participant
- Leave taken by CA Students during exams not to be included in the calculation of maximum Leave
- Direct Tax Code, 2010 (DTC) – Income from House Property
- Revised Public Provident Fund (PPF) Scheme w.e.f 01.12.2011
- Duties of Person Deducting Tax at Source (TDS)
- Penalty, Prosecution and Other Consequences of Non Deduction of Tax at Source (TDS)
- Rights of Person from whose income (payment) the tax has been deducted
- Digitization of Manually filed Service Tax Returns
- Vodafone ruling effect – Exporters question TDS on foreign payment post
- Inflation Forecasting- Issues and Challenges in India
- External Commercial Borrowings – Simplification of procedure
- External Commercial Borrowings (ECB) Policy – Infrastructure Finance Companies (IFCs)
- Deregulation of Savings Bank Deposit Interest Rate – Guidelines – DBOD.Dir.BC. 75/13.03.00/2011-12
- Section 42(1) of Reserve Bank of India Act, 1934 –Maintenance of Cash Reserve Ratio (CRR)
- Valuation of Interest free/ concessional loan to employee – SBI Interest rate on 01.04.2011 for computing Perquisite Value
- Maharashtra VAT – Extension of last date for filing of e-return & e-refunds application
- No addition can be made U/s. 68 if Assessee furnished Acknowledgement of Income Tax Returns of persons who advanced money
- S.143(2) Issue of notice is equivalent to its service
- If Quantum appeal restored back to AO for de novo adjudication then penalty proceeding too deserves to be restored back
- TRAI Exempts limit of 200 SMS Per day Per SIM for Machine to Machine and Person to Machine Messages
- Section 233B of the Companies Act, 1956 – Audit of Cost accounts in certain cases – order under section 233B(1)
- Seeks to impose anti-dumping duty on import of Geogrid/Geostrips/ Geostraps made of polyester or Glass fiber in all its forms, originating in, or exported from subject countries
- Seeks to impose anti-dumping duty on import of Morpholine originating in, or exported from, China PR, European Union and the United States of America
- Rescinds Notification No. 91/2011-Customs, dated the 20th September, 2011
- New Initiatives under MCA 21 System- Integration with Trade Mark Authority, XBRL reporting
- Third Quarter Review of Monetary Policy 2011-12 Press Statement by Dr. D. Subbarao, Governor
- RBI – Third Quarter Review of Monetary Policy 2011-12
- RBI reduces Cash Reserve Ratio (CRR) by 50 basis points to 5.50 per cent
- Law ministry demands more info in ITAT case
- Aadhaar is reliable and fool-proof – UIDAI
- 35 Customs and Central Excise Dept officers selected for Presidential Award
- Appointment of 13 Hon’ble Members to the Appellate Tribunal
- Macroeconomic and Monetary Developments -Third Quarter Review 2011-12
- Appointment of 5 Hon’ble Judges to the Bombay High Court
- Income Tax Provisions related to Pensioners, Senior Citizens and Super Senior Citizen
- Taxability of Retirement Benefits
- Deductions Under Chapter Via Applicable to the assessees having income from salaries
- Income Tax provisions Related to Expatriates Working in India and Indian Residents Posted Abroad
- Vodafone taxation case – I-T dept may not file review petition
- Analysis of SC judgment in the case of Vodafone International Holdings B.V. Vs. UOI
- Income arising from sale of shares to be taxed as ‘Long term capital gain’ and not as ‘Income from other sources’
- If the working condition and responsibilities and nature of duties are same than all staff should be equally paid -HC
- ICAI enters into an arrangement with TAXMANN to provide the contents of its website only at Rs.3500/- to the members of ICAI
- Taxability of Salary Income, Perquisites & Allowances
- Overview of Capital Gains
- CBI Files Chargesheet against Addl. Commissioner Income Tax, ACIT and a Businessman in A Bribery Case Of Rs. Two Crore
- Overview of Income from House Property
- HC upholds decision to levy service tax on flat, shop construction
- Retrospective amendment no basis to reopen beyond 4 years – HC Disapproves AO’s Practice to Delay Passing Objection Orders
- Bank wants TDs limit to increase to Rs. 50000/-, should be allowed to float infrastructure bonds
- Punitive charges paid by the assessee to Railways for overloading of the wagons is compensatory in nature, therefore, the same cannot be disallowed
- Need for Appropriate Policy Instruments to Address Areas of Concern in the Economy – FM
- The Company Secretaries (Amendment) Act, 2011- (No. 4 of 2012)
- ICSI – Schedule for the year 2012 with regard to various Cut-Off Dates
- Competition Advocacy is a Critical Function of Competition Agencies- Ashok Chawla, Chairman CCI
- Pranab, Khurshid meet over Vodafone tax ruling issue
- Rajini Power – Rajinikanth website really runs without internet
- If assessee failes to furnish the complete facts relating to the claim before the Assessing Officer then penalty u/s. 271(1)(c) can be imposed
- Unlawful interference of Caste Panchayats etc. with marriages in the name of honour – Law Commission Report
- Format of declaration for Claiming Deduction from Salary for A.Y. 2012-12 / F.Y. 2011-12
- Procedure for registration of Digital Signature Certificate and upload of Income Tax Return
- Gift Received by the Assessee on the ocassion of his Daughters Marriage is taxable
- Vodafone wins $2.50 billion tax case tax case in Supreme Court
- No Penalty under section 271(1)(c) Despite Surrender After Detection
- Remuneration not allowed if not specified in Partnership Deed
- Section 271(1)(c) – CA’s Opinion Does Not Make Claim Bona Fide
- No penalty can be levied if there is a reasonable cause for not quoting of PAN numbers in e-TDS return
- Creation and Taxation of Private Trusts
- Suresh Kalmadi gets bail
- SEBI – Call auction in pre-open session for Initial Public Offering (IPO) and other category of scrips – Circular No. MRD/DP/ 01/2012, Dated 20-01-2012
- SEBI Mandates Circuit Limit for Cos on Listing Day Itself
- SEBI – Investor Grievance Redressal Mechanism at Stock Exchanges – Circular No. MRD/DSA/03/2012, Dated 20-01-2012
- SEBI – Composition of Arbitration Committee – CIRCULAR NO. MRD/DSA/04/2012, DATED 20-01-2012
- RBI clarifies Small savings interest rates will remain fixed
- Procedure for verification of answer books of November/December 2011 CA Examinations- Final, PCE, IPCE/ATE/Units and CPT
- Master Circular on External Commercial Borrowings and Trade Credits – Updated as on January 20, 2012
- Procedure for providing inspection/certified copies of evaluated answer-books to CA students
- Right to appointment of an Arbitrator does not get automatically forfeited after expiry of 30 days as prescribed under Section 11(4) & 11(5) of the Act – SC
- In case of default by the employer by an exempted establishment, in making its contribution to the Provident Fund Section 14B of the Act will be applicable – SC
- Master Circular on Compounding of Contraventions under FEMA, 1999 -Updated as on January 20, 2012
- Autorickshaw driver’s son cracks CA at first attempt
- New President and Vice President of ICSI for 2012
- ICWAI gets its Name Changed to ICAI and its Members to use ACMA and FCMA
- CBI files chargesheet against lady I-T Additional Commissioner
- SC may pronounce its judgement on Vodafone today
- Posting of CITs as Accountant Member in the ITAT – Order No. 17 of 2012
- FM holds Pre Budget institutions with Representatives of Banks and Financial institutions
- Depreciation Rates as per Companies Act
- Apply online for re-sending of CPC-Intimation u/s 143(1)/154 & income Tax Refund
- CA Final November 2011, CPT December 2011 Examination- List of Toppers, Pass percentage, Analysis year-wise / gender-wise / Region-wise
- Employee’s Provident Fund Act, 1952 vis-á-vis Income Tax Act 1961- Tax Treatment of PF Dues
- Housing and Urban Development Corporation Limited (Hudco) -Tax benefits and silent Features of proposed tax Free Bond issue
- Amend Custom Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995
- CIT (Appeal) to follow the decision of Tribunal even if the Appeal is pending in high Court against the decision of Tribunal
- Seeks to notify Refund of Anti-Dumping Duty (Paid in Excess of Actual Margin of Dumping) Rules, 2012
- In case of inheritance, if assets were acquired by the previous owner before 1st April, 1981, then, cost index should be based on the index of financial year 1981-82
- CBDT directs Income Tax Department to Launch Special Drive for Verifying High Value Transactions
- All about Rise and ‘fall’ of Yahoo! co-founder Jerry Yang
- ICAI recommends uniform accounting system for educational institutions
- I T dept slaps Rs 1,067-crore demand notice on telecom giant Bharti Airtel for non-payment of TDS
- ID proof compulsory for passengers traveling in AC first Class Train Coach from 15th February 2012
- RBI to issue Rs 100 notes which will have the rupee symbol
- Laxman Das appointed CBDT Member (Revenue)
- Corporate Affairs Minister calls for Making Country’s Growth more Inclusive
- New Guidelines for preferential allotment by unlisted public companies
- Publication of Latest Acts in the Gazette of India
- CA Final November, 2011, CPT December, 2011 result expected to be declared today at 2.00 P.M
- States Seek Growth-Centric Budget in Pre-Budget Consultations with union Finance Minister
- Govt to address slippages in economic parameters in Budget – FM
- How to Fill PAN Form No. 49A
- Income Tax deductions under chapter VIA for A.Y. 2012-13
- Sebi cut the timeline for completion of buy back of shares by listed companies to 34-44 days
- Gold and Silver to become expensive as Govt changes Import Duty and Excise Duty Structure
- Revenue cannot prefer appeal before ITAT if tax effect is below the prescribed limit of Rs. 3 lacs
- ITAT restored the matter to CIT(A) as order was by passed him in haste
- Exemption U/s. 10(23C)(iv) not available if assessee has not maintained separate books of account for the activities which are in the nature of business
- Sale of Under Construction Property – Taxability, Nature of Gain, Date of Indexation, Benefit U/s. 54 or 54EC
- ICWAI – Act to Change of name of Cost accounting institute and to change acronym used by its members
- RBI – Crisis Preparedness in Interconnected Markets – Prevention is Better than Cure
- Risk Management and Inter-Bank Dealings – Commodity Hedging
- Seizure of Idols/Statues of 9th to 12th Century AD believed to be Antiques
- Change in Tariff Value of Gold and Silver Notified – Amends Notification No. 36/2001-Customs(N.T) dated the 3rd August 2001
- Some Helpful Tips For Filing Wealth Tax Returns
- Section 80CCF – Long Term Infrastructure Bonds – Srei Infrastructure Finance Ltd.
- Transfer/posting of officers following promotion to the grade of Joint Commissioner of Income Tax – Order No. 14 of 2012
- Transfer and posting of Additional / Joint /Deputy / Assistant Commissioner of Income Tax – Order No. 13 of 2012
- CBEC Announces Reward Scheme for Information on Defaulters
- Developer Need Not Be Owner of land to claim deduction U/s. 80-IB(10); Can Claim deduction even if development permissions obtained in the name of original land owners
- CIT (A) cannot pass the order without adjudicating on the plea of the Assessee
- HUF cannot be a partner in firm but it is competent to the manager or karta acting on behalf of the HUF to enter into a valid partnership
- Human Resource Accounting Meaning, Need and Focus
- IDBI MF offers Regular Cash Flow Plan (RCFP) under its Monthly Income Plan
- Increase in customs duty on Gold and silver in any form when imported into India by an eligible passenger
- Increase in customs duty on Silver and Gold in any form imported into India, other than through post, courier or baggage
- Customs – Seeks to impose safeguard duty at the rate of 10% ad valorem, on Phthalic anhydride
- Further amends Notification No. 21/2002-Customs, dated the 1st March, 2002
- Download Retirement Calculator for Government Employees in Excel Format
- Vodafone to list its shares in India
- RBI – Infrastructure Financing in India – Progress & Prospects
- Budget 2012 – Finance Minister holds Pre Budget Consultations with Trade Union Groups
- If the contract is a works contract, then the service tax liability will only arise from 01/06/2007
- China Investments.. Opens South Korea
- Budget 2012- Assocham asks govt to retain excise duty, service tax at at existing rate of 10 per cent
- Amends Notification No. 23/2003-Central Excise, dated the 31st March, 2003
- BSNL invites applications for empanelment of Cost Accountant Firms for appointment as Cost Auditors for 2011-12
- FM expect inflation to come down between 6 and 7% by the end of March 2012
- Amends Notification No. 5/2006-Central Excise, dated the 1st March, 2006 related to rates of duty on Gold and Silver bar
- Government proposes to set up National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT)
- India’s Export Grows by 25.8% in April- December 2011 at US $ 217.6 Billion -Commerce Secretary
- Regarding Refund of 4% CVD (SAD)-Extension of time upto 31st March 2012, for using re-credited 4% CVD (SAD) amount in DEPB
- Amends notification No.70/2010-Customs, dated the 25th June, 2010
- Amends Notification No. 36/2001-Customs(N.T) dated the 3rd August 2001 – Notification No. 3/2012 – Customs (N.T.)
- Peak Credit and telescoping theories in assessment proceedings under Income Tax
- Legal fiction u/s 50C cannot mean that deemed sale amount of property is actually received
- Some Helpful Tips for Filing Income Tax Returns
- Calculate Interest U/s. 234A, 234B, 234C; Return Due Date & Consequences of Late Filing
- Assessment of Charitable Trusts and Institutions
- Income Tax on Co Operative Credit Society & Pat Pedhis
- Taxability of Capital Gain Under the Income tax Act, 1961
- Salary income – Taxation of Perquisites
- Income Tax Ombudsman Origins, Current Status, Procedure, Power, Duties, Nature of Proceedings – Awards, Check List and Grievance you can Complain
- No Excise Duty Exemption if conditions mentioned in Exemption Notification of Excise Rules not complied – SC
- Excise Duty – Tailor made machines – Manufacture not complete till it meets the contractual specifications and subjected to individual testing
- Excise Duty – Process of mixing polymers and additives with bitumen does not amount to manufacture
- Govt asks I-T officials to file immovable property returns by month-end
- EU officials criticise downgrade of Credit ratings
- Section 10A deduction is available to a new unit even though STPI approval refers to it as expansion of existing unit
- Income received by a foreign company for granting film distribution rights not ‘royalty’
- Loss arising on sale of shares of wholly owned subsidiary deductible as business loss
- Concessional rate of 20% applicable to long term capital gains cannot be applied for gain on depreciable asset held for more than 36 months
- FAQ on New Schedule VI to the Companies Act, 1956
- Transfer Pricing – ITAT Explains Law On Adjusting For Differences In Comparables
- Procedure for Filing Income Tax Settlement Application- Admission, Validation and settlement of the Application
- Income Tax Settlement Commission – Frequently Asked Questions
- Provisions of DTC Bill, 2010 relating to Settlement Commission
- Exemption to Trust U/s. 11 of Income Tax Act can not be denied if Payment made to concerns covered U/s. 13(3) not excessive
- Direct Tax Code- Proposed Changes in Transfer pricing regulations
- Rule 8D not applicable to Assessment years prior to the year in which Rule 8D comes in to force
- Procedure to Reset Password of efiling of Income Tax Return
- Investing In 2012
- ICSI – Introduction of New Syllabus & Pattern for Foundation Programme Examinations from December, 2012 Session
- Government grants sanction to prosecute Google, Facebook and 19 other social networking sites
- CBI Arrests a Commissioner Of Central Excise, Delhi In Bribery Case
- FM – Stress has to be put on direct tax collection
- RBI – Foreign investment in Single – Brand Retail Trading – Amendment to the Foreign Direct Investment (FDI) Scheme
- (I) Scheme for Investment by Qualified Foreign Investors in equity shares (II) Scheme for Investment by Qualified Foreign Investors in Rupee Denominated Units of Domestic Mutual Funds – Revision
- e-Payment through ICEGATE for all Custom Locations
- SEBI circular on Investment by Qualified Foreign Investors (QFI) in Indian equity shares.
- RBI Guidelines on Compensation of Whole Time Directors / Chief Executive Officers / Risk takers and Control function staff, etc
- Regarding Revised roles and functions of CIT (CO)
- Revised Trade Treaty between India & Nepal
- Seeks to impose anti-dumping duty on imports of Saccharin originating in, or exported from, People’s Republic of China
- Rescinds Notification No. 136/2009-Customs, dated the 9th December, 2009
- Regarding anti-dumping duty on imports of Cellophane Transparent Film (CTF) originating in, or exported from, People’s Republic of China
- Regarding import of Phosphoric Acid of all grades and all concentrations (excluding Agriculture / Fertilizer Grade) originating in, or exported from, Israel and Taiwan
- Seeks to impose anti-dumping duty on imports of Nylon Filament Yarn originating in, or exported from, People’s Republic of China, Chinese Taipei, Malaysia, Thailand and Korea RP
- Seeks to impose anti-dumping duty on imports of Silk fabrics originating in, or exported from, People’s Republic of China
- Notification No. 2/2012 – Customs (N. T.) – Tariff Values of Edible Oils, Brass Scrap (All Grades) and Poppy Seeds Notified
- Last Date of Registration for Post Qualification Course in Diploma in Insurance and Risk Management for November, 2012 Technical Examination
- Know Income Tax Refund Status
- All about Permanent Account Number (PAN) and how it is structured
- How to open your ITR V / ITR Acknowledgement
- Check status -Income Tax Refund,Return Processing, Refund dispatched
- Brought Forward business Loss can not be set off against Capital Loss on sale of Depreciable Business Assets
- Delhi HC to Facebook, Google – Remove obscene content or face blocking as blocked in China
- ICAI – Procedure for Providing Inspection or Certified Copies of Evaluated Answer Books
- Despite Dependence, Arms’ Length Agent is Not Permanent Establishment (PE)
- Status of various Bills Presented in Parliament or pending to be present
- Performance of CBI in 2011
- Agreement for Avoidance of Double Taxation and Prevention of Fiscal Evasion with Foreign Countries – Georgia
- Comments/Suggestions for future XBRL Implementation
- Finance Minister holds Moderation in Inflation Would Continue in Coming Months
- Insurance – Standard Instructions and Guidelines Applicable for Approval/Renewal of Agents Training Institutes
- RBI – Export of Goods and Services – Forwarder’s Cargo Receipt
- Filing of applications for DEPB in cases of exports made under `EPCG Shipping Bills` for items `Cotton yarn including Melange yarn` from 01.04.2011 to 04.08.2011 and `Cotton` from 01.10.2010 to 04.08.2011
- Tax & Loan Eligibility benefits from Home loan in Joint Names
- CBI register case against three custom official for fraudulent clearance of goods
- Compounding of offences under Income tax Act, 1961
- Certificate Course on Valuation is scheduled to start at Mumbai, with Fees INR 25000 from 21st-22nd January, 2012. Please Register
- Result of the Information Systems Audit [ISA] Assessment Test held on 24th December, 2011 is likely to be declared tentatively on 18th January, 2012
- November, 2011 Exams – ICAI likely to declare CA Final and CPT examination Result on 18th January, 2012
- Salient Features of Tax Free Bonds Proposed to be issued by Indian Railway Finance Corporation Limited
- 14A applicable even for the period when Rule 8 was applicable
- PFS Long Term Infrastructure Bond – Tax Benefits and issue details
- Donation in kind not eligible under section 80G but eligible u/s 37
- Kolkata CA firm fixed ITAT for getting favourable orders passed, CBI Chargsheet against him and ITAT members
- Finance Minister Launches the Signature Tune of the Indian Customs – Pragati Ki Dhadkan
- Maharashtra – e-payment of Profession Tax
- Finance Minister Holds First Pre Budget Consultations with Agriculture Group
- Post Your Views/ Comments on ICAI Vision 2030
- Minimum Export Price of Onions – Notification No 94 (RE – 2010)/2009-2014
- Sales Tax – Penalty can not be cancelled just because same been levied against the owner of the vehicle and not against the person in-charge of the vehicle
- Service tax Return Filing Due Date Extended
- EPFO may lower the interest rate on deposits to 8.6 per cent
- Section 80CCF – Salient Features of L&T Infra Long Term Infrastructure Bonds 2012A Series
- PMS transactions taxable as business profits – ITAT’ takes Contrary View
- Property license fees is income from other sources and can not be treated as income from house property
- Govt notifies 100 Per Cent FDI in Single Brand Retail
- Price Waterhouse files suit against former chairman of Satyam B Ramalinga Raju, demands 100 crore damages
- Profession Tax – States wants increase in Upper limit of Rs 2,500
- RBI – Complain to Local Police/Cyber Crime Authorities against Fictitious Offers of Money from Abroad
- The salient features of Draft National Competition Policy
- GST – State FMs agrees to concept of services tax based on the ‘negative list’
- India’s Sovereign Credit Ratings- Fourth Upgrade by Moody’s Investor Services
- Indirect tax collection up by over 16 % to 2.85 lakh cr in April-December
- ICAI announces revision in Fee of Expert Advisory Committee
- Govt. approves 20 Proposals of Foreign Direct Investment of Rs. 1935.24 crore approximately
- SEBI – Disclosure of Track Record of the public issues managed by Merchant Bankers
- Deduction under section 80E for Interest on education Loan taken for self and relatives
- May 2012 Examination – ICAI announces dates for PCE , IPCE, CA Final Exams
- New virus raids your bank account
- E-filing of tax returns – Court cannot order that rule should be applied retrospectively, though E-filing should be encouraged
- ‘Red Label’ cannot be trade mark as words are common to the trade and not distinctive
- Know your Permanent Account Number / PAN
- Section 80C – IOB Tax Saver Scheme
- All about F forms under CST Act, 1956
- RBI wants CAs to ensure solvency of banks
- Share application money and repayment thereof do not violate Sections 269SS & 269T
- Black money Abroad-I-T department to obtain signed undertaking for sharing info with any government entity or department
- Effect of making registration certificate applicable from retrospective date is based on the principle of deemed equivalence to public user of such mark which cannot be extended to the Excise Law
- Exchange loss on refund of advances from customer allowable irrespective of use of funds
- ICAI Convocation (II) – 2011 for the newly enrolled Members admitted during the period April, 2011 to August, 2011
- Guidelines on Handling of Court Cases and Other Litigation Matters Relating to Sezs
- Interest Subvention Scheme claims to be certified by statutory auditor of bank
- Updation of Import Export Code (IEC) as per Public Notice No. 84/2009-2014 (RE-2010) dated 11th November 2011
- Seeks to extend levy of anti-dumping duty imposed vide Notification No. 98/2006-Customs, dated the 13th September, 2006, upto and inclusive of 1st September, 2012
- Appointment of Common Adjudicating Authority –
- Insurance – Clarification on the Guidelines for Pension Products
- DTC Bill no deemed taxation for Income from house Property and kept the deduction for interest
- Deduction of depericiation on machinery and tools from the works contract should be allowed
- Section 220(2) Interest Payable Even For Period When Demand Not Enforceable – Delhi High Court
- The Shrinking Money and RBI’s Monetary Policy
- Evolving Customer friendly Payment Systems in India – a continuing agenda
- Banking Sector – Maintaining Resilience to Risk and Shock and the role of the Accounting Profession
- Articles 7 of the Indo-Australia DTAA vs. Section 44D on FTS – Delhi High Court Reverses Law
- Plea of alternative remedy cannot be accepted if question involved lacks jurisdiction on admitted facts
- If assessment order does not specify charging of interest, then it could not be charged or levied U/s. 156
- Royalty payment approved by RBI under FERA, 1973 considered adequate approval as per Industrial policy of the Government of India
- It is not necessary for the assessee to produce its products so as to become eligible for claiming exemption under section 10B of the Income-tax Act, 1961
- Non-prospecting related expenditure incurred prior to commencement of mining is deductible u/s. 37 of the Income-tax Act
- Transfer pricing is founded on the principles of economic substance and hence, it is fact specific – ITAT Pune
- Non-compete fees accrues on the appointed date of the Scheme and not in the year of approval
- Excise Department superintendent and middleman sent to CBI custody for 3 more days
- FM meets CBDT, CBEC offcials and asks to focus on collection of arrears to maximise the revenue collection
- Sanction of CIT instead of JCIT renders reopening u/s. 147 of Income Tax Act invalid
- 10 Gms of GOLD PRICE History for the last 86 years in India
- PwC fined £1.4 million by regulators
- All about Centralised Processing of Returns Scheme, 2011
- Amendments to the procedure for processing of returns filed under the Centralized Processing of Returns Scheme
- Service Tax Registration – Conversion of temporary based registration (STC) into PAN based registration
- ICAI charges Satyam CEO Vadlamani amd Auditor Srinivas of misconduct
- Transfer fee received from the incoming Members is exempt on the principles of mutuality in the case of co-operative housing societies
- Appeal does not mean merely filing of the appeal but effectively pursuing it
- Revised draft Bank Branch Auditors’ Panel for the year 2011-12
- Addition under S. 68 cannot be made for loan taken in earlier years
- Biggest disclosure of black money – Delhi Businessman discloses Rs 73 cr black money stashed abroad
- All about ISO 9000
- Empanelment with CAG for audit of Public Sector Undertakings/Statutory Corporations for the year 2012-2013
- NSDL announces Concessional rate for volume based PAN verification
- Depreciation should be reduced from the income for determining percentage of funds which had to be applied for the purposes of the Trust
- Pre-paid users can get itemised bill by paying Rs 50 – Trai
- Govt to notify 100% FDI in single-brand retail soon
- FMs speech at International Conference organised by ICAI
- Rules/Amendment Rules – Guidelines for Notification of affordable housing project under section 35AD
- ICAI Invites to Participate in the Activities of the Internal Audit Standards Board on January 08, 2012
- CBI arrests an Enforcement Officer in Bribery Case
- Section 120 of the Income-tax Act, 1961 – Income-tax authorities – Jurisdiction of – DIT (International Taxation) – Amendment in Notification No. S.O. 881(E), dated 14-9-2001
- CBI Registers Case Against Officials of Chennai Customs, Conducts Searches, Seizes Rs 1.11 cr
- Section 118 of the Income-tax Act, 1961 – Income-tax authorities – Control of – DGIT (International Taxation) – Amendment in Notification No. S.O. 279(E), dated 12-3-2003
- RBI – Reflections on Leaders and Leadership
- Financial Market Volatility and the Risk Management Imperative
- DGFT permits Export of 8,300 MTs of white sugar to USA under Tariff Rate Quota
- Allocation of 10,000 MTs of white sugar for the year 2011-12 (October, 2011- September, 2012) for export to EU under CXL Quota
- Amendment in Appendix-3 to Schedule-2 of ITC(HS) Classification of Export and Import Items,2009-14-regarding supply of SCOMET Items from DTA to SEZ
- Empanelment for migration audit of Neelachal Gramya Bank CBS system
- Implementation of Section 51-A of UAPA, 1967- Updates of UNSCR 1267 (1999) and 1989 (2011) Committee’s Al-Qaida Sanctions List – Notification No. RPCD.CO.RCB.AML.No.6764/07.02.12/2011-12
- Joint Development Agreement – If Developer has performed or willing to perform his part of the contract, then the transaction would qualify as ‘transfer’
- Amount Received for Contract work but not disclosed can not be added fully to income
- Rs 135 crore tax income tax notice on IAS couple for alleged tax evasion
- SEBI launches India’s first KYC Registration Agency
- Income Tax Arrear Letter from CPC Bangalore just a communication of demand not a demand notice, No need to respond to tax notices for below Rs 100
- ICAI announces Amnesty For Retrospective Restoration of Names From Register of Members and Certificate of Practice
- Regarding refund of 4% Additional Duty of Customs (4% CVD) in terms of Notification No. 102/2007-Customs dated 14.09.2001
- How to Draft CIT / ITAT Appeal & Procedure
- Enforcement Directorate asks IT Dept to provide it with I-T returns and other financial statement of secret LGT Bank Account holders
- External Commercial Borrowings (ECB) – RBI raises Foreign Currency Convertible Bonds limit to $750 mn
- Implementation of Section 51-A of UPA, 1967 – Updates of the UNSCR 1267 (1999) and 1989 (2011) – RPCD.CO RRB.AML.No. 6723 /03.05.28(A)/2011-12
- NSDL releases new e-tds Return Preparation Utility (RPU) version 2.7
- Popularly used Abbreviation in India with full Form
- Union Budget to be presented after March 9 – Finance Minister
- Service tax on Rail Freight – Deferred for sixth time in a Row
- Format of Statutory Registers to be maintained under Companies Act, 1956
- Existence of a Principal – Agent relationship must for applicability of the provisions of Section 194H
- Interest on all small savingSchemes are fixed except on PPF deposits
- Simplified scheme for the refund of service tax
- Advertisement expenses when incurred to increase sales of products are revenue expenditure
- If for earning exempted income no expenditure has been incurred, disallowance under Section 14A cannot stand
- Companies Bill may be cleared in forthcoming Budget session
- Extension of Common Proficiency Course (CPC) registration date upto 4th April, 2012
- if assessee holding shares as investment and as stock-in-trade separately and if this position has not been doubted in earlier years, then the same cannot be altered merely because of amendment in law
- Tribunal may dismiss appeal as unadmitted if appellant do not attend the hearing
- Appeal filed in violation of CBDT instruction related to tax effect is liable to dismissed
- Amendments Proposed in Consumer Protection Act to Facilitate Faster Disposal and On line filing of consumer complaints
- Govt makes hallmarking of gold jewellery mandatory
- CBI arrests Vijay Sai Reddy, auditor of Y S jagan; Who is Vijay Sai Reddy?
- Important notice on Digital Certificates( SHA2)
- Direct tax collections for this fiscal up by 14.54 per cent – CBDT
- Issue of Acknowledgement of Loan Applications to MSME borrowers
- Amends Notifications no. 03/2006-Central Excise and 6/2006-Central Excise both dated 1st March, 2006
- Implementation of Section 51-A of UAPA, 1967 – Splitting of UNSC 1267 Committee’s list of individuals and entities linked to Al-Qaida and Taliban – RPCD.CO.RCB.AML.BC.No 52/07.02.12/2011-12
- Expenditure incurred for running the business or working it, with a view to produce profits is in the nature of revenue expenditure
- File validation Utility (FVU) version 3.3 for FY 2010-11 onwards and version 2.131 for upto FY 2009-10 released
- Book Your Train Reservation Ticket While on Move through Mobile Phone
- Transfer Pricing – Non-Reference To TPO Renders Order ‘Erroneous’ and prejudicial to revenue
- For disallowing interest AO must give a finding with regard to the nexus between the interest bearing funds available and interest free advances made during the year
- Transfer Pricing – ALP of Interest-Free Loan – ITAT Delhi Explains Law
- Notification to Provide average Rates of Service Tax Refund for a wide Range of Goods Exported from India
- CBI Registers Case against Commissioner of Central Excise, Delhi, A Superintendent and Middlemen For Demanding Bribe
- Service tax – Taxability of import of International Private Leased Circuit services
- Savings a/c number portability – Change your bank without changing your Saving account Number
- ICWAI President Communiqué January, 2012
- SEBI – Changes in Re-investment period of FII debt limit
- Mere passage of 3 years will not mean that liabilities are no longer payable – Section 41(1) can not be ivoked for non trading Liabilities
- Manner of increasing minimum public shareholding to comply with Securities Contracts Regulation (Rules), 1957 and Amendment to SEBI (Buyback of Securities) Regulations,1998
- Government decides to double strength of foreign tax division
- Negotiated Dealing System (NDS) – Order Matching (OM) – Grant of membership to UCBs
- Exchange Traded Interest Rate Futures on 2-year and 5-year Notional Coupon Bearing Government of India Security
- Government not yet decided the final date of Union Budget for 2012-13
- RBI may reverse the tight monetary stance adopted by it since March 2010
- SEBI launches toll free Helpline Service for Investors in 14 languages
- Seeks to amend notification no. 119/2010-Customs, dated 19th November, 2010 so as to revoke anti dumping duty on subject goods originating in or exported from Saudi Arabia
- Amends Notification No.27/2011-Customs, dated the 1st March, 2011- Notification No. 129/2011 – Customs
- Amends notification no. 53/2011-Cus dated 1-7-2011 so as to effect HSN changes as well as to provide deeper tariff cut to Malaysia
- Imports from ASEAN Countries – Rates Reduced – Notification No. 127/2011-Customs
- 1 Percent Customs Duty for Imports from Brunei Darussalam – Notification No. 126/2011-Customs
- Concessional Customs Duty for Imports from Pakistan and Sri Lanka
- Amends notification no. 69/2011-Cus dated 29-07-2011 so as to effect HSN changes and to provide deeper cuts on two items namely tariff items 8408, 2020 and 870840
- Amends notification no. 152/2009-Cus dated 31-12-2009 so as to provides deeper tariff cuts as agreed under India-Korea CEPA and effects HSN changes as well
- Amends Notification No.151/2009-Customs, dated the 31st December, 2009 so as to effect HSN changes.
- Amends notification no. 28/1995-Cus dated 16-03-1995, 105/1999-Cus dated 10-08-1999, 26/2000-Cus dated 15-03-2000, 76/2003-Cus dated 13-05-2003, 72/2005-Cus dated 22-07-2005, 57/2009-Cus dated 30-05-2009 so as to effect HSN changes
- Amends Notification No. 21/2002-Customs, dated the 1st March, 2002 – Notification No. 120/2011-Customs
- Amends Notification No. 69/2004-Customs, dated the 9th July, 2004
- Amends Notification No. 20/2006-Customs, dated the 1st March, 2006 vide Notification No.118/ 2011 – Customs
- IRDA – Asset-Liability management and Stress testing – Guidelines on Asset Liability Management Reporting
- Amends Notification No 25/1999-Customs, dated 28th February, 1999, 22/2007-Customs, dated the 1st March, 2007 and 27/2011-Customs, dated the 1st March, 2011
- Amends Notification No. 101/2007-Customs, dated the 11th September, 2007 so as to effect the HSN changes
- Amends Notification No. 36/2001-Customs(N.T) dated the 3rd August 2001 notifying tariff values of edible oils, brass scrap (all grades) and Poppy seeds
- Appointment of Central Excise Officers in relation to service tax refunds arising out of Notification No. 52/2011-Service Tax, dated 30.12.2011
- Amends Central Excise Rules, 2002 – Notification No. 32/2011-Central Excise (N.T.)
- Amends Notification No.16/2011-Central Excise (N.T.), dated the 18th July, 2011
- Amends Notification No. 49/2008-Central Excise (N.T.), dated the 24th December, 2008 to affect the HSN changes w.e.f. 01.01.2012
- Amends Notification No.21 /2005-Central Excise, dated the 13th May, 2005 to affect the HSN changes w.e.f. 01.01.2012
- Amends Notification No. 26/2001-Central Excise, dated the 11th May, 2001 to affect the HSN changes w.e.f. 01.01.2012
- Amendment in Various Excise Notificationsto affect the HSN changes w.e.f. 01.01.2012
- Amends notification Nos. 62/1995-Central Excise, dated the 16th March, 1995 and 20/2005-Central Excise, dated the 13th May, 2005 to affect the HSN changes w.e.f. 01.01.2012
- Export of goods – Exemption to specified taxable services received by an exporter of goods for export of goods – Supersession of Notification No. 17/2009-ST, dated 7-7-2009
- Transport of Goods by rail service – Abatement provisions – Amendment in Notification No. 9/2010-ST, dated 27-2-2010 – Exemption extended till 1-4-2012
- Formation of the Operational Committee to oversee and guide the functioning of the Indian Motor Third Party Declined Risk Insurance Pool
- Motor Third Party Pool Reserves and Account Reserves
- Exemption to Transportation of specified commodities by rail service – Amendment in notification No. 8/2010-ST, dated 27-2-2010 – Exemption extended till 1-4-2012
- SEBI – Master Circular on Matters Relating to Exchange Traded Derivatives
- Transport of Goods by Rail Service – Exemption to transport of Goods by rail – Amendment in Notification No. 7/2010-ST, dated 27-2-2010 – Exemption extended till 1-4-2012
- ICWAI and Accounting Institutes of USA and Australia agree for mutual recognition
- Implementation of Section 51-A of UAPA, 1967 Updates of the UNSCR 1267(1999) and 1989( 2011) Committee’s Al Q-aida Sanctions List – Circular No. DBOD. AML. No. 9855 /14.06.001/2011-12
- An Overview of The Companies Bill, 2011
- The designation ‘Chartered Accountant’ do not have a colonial baggage in it ; All that is English or British is not colonial
- In the absence of appearance on the date of hearing and absence of application for adjournment may cause the appeal dismissed
- Tedious (TDS) Deduction Scheme- Practical Issues
- Order passed under section 143(3) not valid if passed without the valid service of notice under section 143(2) with in the limitation period of 12 months
- ITAT held that sale of shares by the assessee to the firm in which he is a Partner as a genuine transaction
- Public sector financial institutions under obligation to fairly consider OTS proposal keeping in mind the RBI guidelines – Delhi HC
- Foreign individuals can invest directly in public issues
- Soon companies may be allowed to sell shares through electronic Initial Public Offers (e-IPOs)
- India’s Foreign Trade – November, 2011
- RRBs – Implementation of Section 51-A of UAPA, 1967-Splitting of UNSC 1267 Committee’s list of individuals and entities linked to Al-Qaida and Taliban
- PFC Tax Free Bonds – Income Tax, Wealth Tax and DTC Provisions in brief
- Company Law – Structure of Additional Fees In Respect of Annual Filing of Private/ Public Limited Companies
- Object of Section 12AA of the Act, is to examine the genuineness of the objects of the Trust, but not the income of the Trust for charitable or religious purposes
- Would the payments made by a company to BSNL/ MTNL for the services provided through interconnect / port / access / toll be treated as “fees for technical services” to attract the provisions of tax deduction at source under section 194J?
- Can EPABX and mobile phones be treated as computers to be entitled to higher depreciation at 60%?
- Addition U/s. 69B can be made in the absence of documentary evidence in respect of the purchase and sale of Property
- Rule 8D applicable from A.Y. 2008-2009, however direct and indirect expenses to earn exempt Income has to be disallowed under Section 14A
- India to sign DTAA with Macau
- ICAI warns against misuse of question papers, suggested answers, revisionary test papers, supplementary study material, result etc pertaining to CA examination
- ICAI extends last date for compliance of CPE hours requirement for Members holding COP for calendar year 2011
- Last date for filing Refund Application in Form 501 and Due date for submission of Monthly Return for the month of November 2011 extended till 7th January 2012
- State Bank of India: Interest Rates on 1st April, 2011 – For the purpose of computing perquisite valuation
- CIT (Appeals) have inherent and implied powers to grant stay – HC
- CIT can set aside 143(3) assessment if creditors not been verified during the Assessment
- Cash seized should be adjusted advance-tax liability from the date of seizure
- Re-assessment proceedings cannot, be initiated on the ground that the Assessing Officer was legally wrong and had misapplied and wrongly understood the law/legal position
- Power to reopen an assessment cannot be exercised to reopen what formed subject matter of an appeal to Commissioner (Appeals)
- Return treated as non est and ‘invalid’ cannot be treated as allowance or deduction – So Interest waived by bank cannot be charged to tax under s. 41(1)
- ITAT may dismiss appeal for non attendance by the Assessee
- TDS U/s. 194C not deductible on Packing or Printed material supplied to us as per pur specification
- Tribunal may allow additional documents to be produced or witness to be examined or affidavit to be filed or may allow such evidence to be produced
- Expenditures for value addition and for competing in the market are revenue Expenditure
- Genuineness of Unsecured Loan if assessee furnished copies of P&L Account, Balance Sheet, I. T. Returns, bank statement alongwith Confirmation
- Whether In case of revival of any order all the connected matters are also liable to be revived?
- Origin of Chartered Accountant and Countries having CA body
- RBI – NBFCs should not raise funds under private placement by issuing NCDs of maturity less than 90 days
- ICSI releases Pre-budget Memorandum for Union Budget 2012-13
- ICAI President’s Message – January 2012
- Gratuity Calculator for Central Government and Non-Govt Employees
- History of Accounting and Accounting Standards
- Role of Chartered Accountant in Your Growth
- Despite voluntary surrunder penalty u/s 271(1)(c) is justified if surrunder made after incriminating material is found
- EC deploys 204 Indian Revenue Service officials to monitor poll expenditure
- Conclave of ICAI Members in Entrepreneurship and Public Services
- RBI Releases Draft Guidelines on Basel III Capital Regulations
- Cash seized by IT department on the directions of EC will be returned only after completion of assessment
- RBI amends Directions on Exchange Traded- IRFs on G-secs To permit Two and Five Years IRFs
- DGFT – Supplies to non mega power projects entitled to benefits for Deemed Exports under Para 8.3(a) of FTP
- Revised Capital Adequacy Framework for Off-Balance Sheet Items for NBFCs-Clarification
- KYC Norms/AML Standards/CFT/Obligation of Banks under PMLA 2002 – Assessment and Monitoring of Risk – Notification No. RBI/2011-12/327 RPCD.CO.RCB. AML.BC. No.50/07.40.00/2011-12
- Implementation of Section 51-A of UAPA, 1967 – Splitting of UNSC 1267 Committee’s list of individuals and entities linked to Al-Qaida and Taliban
- ICWAI invites comments on Exposure Draft of Guidance Note on Classification of Product Group
- CBEC extends last date for ST-3 return filing to January 6, 2012
- Finance budget 2012-13 likely on February 29
- Companies (Accounting Standards) (Second Amendment) Rules, 2011 – Amendment in sub-heading ‘Accounting Standard (AS) 11’ relating to The Effects of Changes in Foreign Exchange Rates
- MCA Provides facility to register your Complaints and Grievances
- Applicability of the Institute’s Pronouncements, Publications for CA Final Examination May, 2012
- PCC, IPCC and CA Final Student – Non-applicability of Revised Schedule VI for May 2012 Examinations
- Approval u/s. 80G once granted shall continue to be valid in perpetuity unless a show cause notice issued by CIT showing intention to withdraw such approval
- Section 80G – Approvals already granted to the assessee u/s 80G, if expiring on or after 1.10.2009, shall be deemed to have been extended in perpetuity
- Sales tax incentive have direct nexus with the manufacturing activity, Commission paid to related parties at rates higher then unbrelated parties not allowable
- ITAT referred matter back to CIT(A) to consider revised computation filed at the time of assessment
- Companies (Accounting Standards) Amendment Rules, 2011 – Amendment in date of Applicability of Accounting Standard (AS) 11 relating to ‘The Effects of Changes in Foreign Exchange Rates’
- SEBI order in the matter of irregularities in recent IPOs of seven Companies
- External Commercial Borrowings (ECB) denominated in Indian Rupees (INR) – hedging facilities for non-resident entities
- Clarification regarding registration of contracts of cotton and cotton yarn with DGFT
- Clarification on Deemed Export benefits when imported capital goods are directly supplied as such to Project Authority – regarding
- Clarification regarding Handling of Cargo in Customs Areas Regulations, 2009
- Economic and Financial Developments in Andaman and Nicobar Islands
- Legislative Reforms- Strengthening Banking Sector
- Financial Reporting in the context of Financial Stability – A Regulator’s view on Some Accounting Issues
- Short Term Cooperative Credit Structure and Financial Inclusion
- CBEC declares Rate of exchange of conversion of each of the foreign currency with effect from 1st January, 2012
- Amends Notification No 85/2004-Customs, dated the 31st August, 2004 so as to effect the HSN changes
- If there is no failure or omission on the part of the assessee to disclose material facts reassessment procedding cannot be initiated
- CIT (A) should give opportunity to the A.O. to rebut the claim of the assessee in pursuance of fresh evidence produced before him
- If quantum assessment restored to file of AO, then penalty order will not survive
- Appeal by revenue not allowable if tax effect is less then monetary limit specified
- If borrowed amount not used to earn exempt Income, no disallowance can be made U/s. 14A
- Agreement for avoidance of Double Taxation and Prevention of Fiscal Evasion with foreign countries – Cayman Islands
- RBI cautions public against fictitious offers of cheap funds
- Weak rupee opens new avenues for NRIs
- ICAI proposes branch-level audit for private sector banks along the lines of PSU Banks
- Chartered Accountants (Amendment) Bill, 2010 permits CAs to form partnership with CS, ICWA
- Names of Audit Firms approved for appointment as Statutory Central Auditors in 25 Public Sector Banks for the year 2011-12
- Internal Control Framework – Design & Implement an SOP
- MCA Initiatives during 2011- Year End Review / Report Card
- Government may announce amnesty scheme for citizens having unaccounted wealth abroad
- India signs Protocol with the Government of Australia amending the India-Australia tax treaty
- Govt. introduces Money Laundering Bill in Lok Sabha
- Urban Co-operative Banks – Deregulation of Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and Ordinary Non-Resident (NRO) Accounts
- Secondary market transactions in Government Securities – Short Selling
- Benefit of rebate u/s 88E is available to assessee in MAT Assessment on book profits u/s 115JB
- NHAI Tax Free Bond – Tax benefit and effects under the Income Tax Act, Wealth Tax Act and Direct Tax Code
- Tax provisions and other features of NHAI bonds with Benefits under Section 54EC
- Mere opinion of the Audit Party cannot form the basis for the Assessing Officer to reopen the closed assessment
- Waiver of unsecured loan is a capital receipt non chargeable to tax
- Lokpal Bill passed by Lok Sabha with seven amendments
- Annual general meeting – participation by shareholders or directors in meetings through electronic mode – Amendment in Circular No. 35/2011, dated 6-6-2011
- TDS on Salary Calculator with Form 16, Form 10E and HRA Calculator
- Company Law – Form 24AA; Is it mandatory for every year?
- Private Company can call Annual General Meeting (AGM) anywhere in the world
- Lokpal and other Landmark bills brought in to Tackle Corruption and Ensure Delivery of Services to Citizens in Time Bound Manner
- PM’s Statement in Lok Sabha during Debate on Lokpal Bill
- Election Commission not monitoring raising of funds by the team of Anna Hazare
- 55 directorate of income tax officials to monitore Election expenditure in Manipur
- 21 New Textiles Parks to Bring Rs 9000 Cr Investments
- Indian Economy will soon Revert Back to the Path of Higher Growth Trajectory
- Insurance Companies offering insurance for Losses from Marriage postponement
- General Election to Legislative Assembly of Goa, Manipur, Punjab, Uttarakhand and Uttar Pradesh 2012- Appointment of Observer
- ‘Volatility in Indian Rupee a temporary phenomena’
- Public issue of Debt Securities – SEBI Prohibition on payment of incentives
- Postings and transfers of officers to the grade of Chief Commissioners/Director Generals of Income Tax – CBDT Order No. 203 of 2011
- Promotion to the grade of Chief Commissioner of income Tax (CCIT) – CBDT ORDER NO. 202 OF 2011
- Standardisation and Enhancement of Security Features in Cheque Forms-Implementation of CTS 2010 standard
- Capital Requirement for banks’ investments in financial entities exempted from Capital Market Exposure
- Banks’ Exposure to Capital Market – Issue of Irrevocable Payment Commitments (IPCs) – Circular No. DBOD.Dir.BC. 68 /13.03.00/2011-12
- Amends Notification No. 96/2008-Customs, dated the 13th August, 2008
- Revised Capital Adequacy Framework for Off-Balance Sheet Items for NBFCs
- IRDA – Dismantling of existing Indian Motor Third Party Pool
- IRDA – Reforming Indian Motor Third Party Pool System
- Non-Banking Financial (Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007 – Amendment in para 16(2)
- Credit Default Swaps – NBFCs as Users
- DGFT – Amendment in General Note No.5 for Textiles (Product Code: J)
- Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007 – Amendment in para 16(2)
- Exim Bank’s Line of Credit to the Government of the Democratic Republic of Congo – A. P. (DIR Series) Circular No.62
- Exim Bank’s Line of Credit to the Government of the Republic of Maldives -A. P. (DIR Series) Circular No.61
- Invitation to join taxguru.in panel of esteemed authors
- ITR-I in Excel for A.Y. 2012-2013 + Form 16 with TDS Calculation
- Profits From offshore Supply of Hardware and Software Not Taxable – Delhi High Court
- Non-Compete Fees paid for acquisition of business is Capital Expenditure – Delhi HC
- In penalty proceedings assessee have right to contest levy of penalty independently, apart from the findings recorded in the assessment order
- If interest received on accrual basis the addition qua this year interest can be made in this year and not of entire interest
- Expenditure on leased telephone lines has been excluded from the purview of Fringe benefit Tax
- Rule 8D r.w. section 14A can not be applied for years prior to A.Y. 2008-09 so invoking of provision of section 263 of the IT Act not justified
- Toll collection on behalf of NHAI would come under the category of Business Auxiliary Service ; NHAI only a statutory authority and not a constitutional authority
- Intermediary transactions emanating from original transaction is immune from double taxation when the intermediary is not recipient of service
- Banking Services Set to Improve
- Companies Bill 2011 provides for refund of remuneration by company officials in case the accounts are re-stated
- Black Money Abroad – I-T department decides to reopen old tax returns of some individuals in Mumbai and Delhi
- Cestat remit the matter to the original authority In the absence of clear finding about the nature of service tax demand
- GAIL gets Top ICSI National award for Excellence in Corporate Governance
- Tax Agreement between France and Isle of Man Comes Into Force
- DGFT extends ban on import of milk from China
- SEBI to launch toll-free helpline
- RBI issues guideline to Guidelines on deregulation of Savings Bank Deposit Interest Rate
- RBI asks NBFCs to accept Letter issued by UIDAI containing details of name, address and Aadhaar number as KYC document
- RBI prohibits Money Masters Leasing & Finance Limited (MMLFL) from accepting deposits
- Amends Notification No. 8/2011-Customs, dated the 14th February, 2011
- Delhi HC upheld employee head count method for allocating cost towards STP unit for the purpose of computing benefit under Section 10A of the Income-tax Act,1961
- Interest for shortfall in payment of advance tax is leviable while computing `book profit’ under the existing provisions of MAT
- Revised Special Provisions for International Workers (FAQs)
- Revised Faqs Relating To Work Related Visas Issued By India
- Union Budget 2012 likely to be delayed by a few days
- Deemed service provider is entitled to avail Cenvat Credit on inputs/input services/capital goods for payment of GTA service tax – Stay Granted
- Service tax paid on input services of one unit can be distrubuted to other unit ; Recovery stayed
- Stay Petition – Existence of two different views justifies waiver of predeposit
- XBRL Report now available in Tally.ERP 9
- Whether trade discount amounts received from newspapers for sale of space to be treated as commission and taxable under the Business Auxiliary Service or not
- Service Tax –Commission received in advance cannot be considered as payment for service even prior to actual rendering of service
- Clubbing of Income under Income Tax Act, 1961
- Service Tax – If dispute involved was of technical nature then penalty not imposable
- Finance minister to kick off pre-budget meetings from Jan 11
- IASB proposes to clarify the transition guidance in IFRS 10
- Regarding Fraudulent withdrawals from the Accounts of EPFO through fake cheques instructions to avoid fraudulent payment
- AOs should not accept ITR-Vs from taxpayer and requested to send ITR-Vs of A.Y. 10-11 & 11-12 to CIT (CPC), Bangalore
- IASB clarifies its requirements for offsetting financial instruments
- ICSI National Award for Excellence in Corporate Governance 2011
- PSU oil companies starts showing components of petrol prices on their websites
- RTO clerk owns property worth R 40 crore
- ICAI to take action action against ex-CFO in Satyam case within a week
- ICAI recommends that companies be allowed to account for losses arising from foreign exchange derivative trade over several years
- Deferment in the date of effect for implementation of bar-coding on Primary and Secondary level packaging on export consignment of pharmaceuticals and drugs
- Amends Notification No. 15/2008-Customs, dated the 5th February, 2008
- Corrigendum to Notification 110/2010 – Customs, dated October 19, 2010
- No increase in Income Tax raid and survey in current Financial Year – Govt
- Online Public Search of Trade Marks before incorporation of Company
- If there is a bonafide mistake in calculation of service tax and same is made good by the Assessee, then penalty can not be imposed U/s. 75 and 78
- Yes Bank hikes interest rate on savings deposits above one Lakh to 7%
- Government withdaws Companies Bill, 2011
- Delhi HC issues summons to Facebook, Google, Yahoo and Youtube for hosting objectionable content
- Clubbing Of Income under the Income Tax Act, 1961 (Section 60 to Section 64)
- Bank not responsible for unauthorised use of your ATM Card
- CBDT Instructions regarding Effective date of passing of Examinations
- Farmer Associations Support FDI in Retail
- Govt reduces MEP of Non-basmati Rice to Boost Export
- ICWAI invites comments on the initial draft of ICWAI XBRL Taxonomy for Cost Audit Report and Compliance Report
- FM Calls For Inclusive Development and More Investment in Infrastructure Sector
- Guidelines in pursuance of the SEBI KYC Registration Agency (KRA) Regulations, 2011 and for In-Person Verification (IPV)
- CAG Report On Performance Audit On Central Excise And Service Tax
- AO cannot assess other ‘escaped income’ if reason for issue of Notice under section 148 dropped
- Business Support Services / financial services not in the nature of technical services within the meaning of Article 12.5(b) of the DTA between India and the Netherlands
- Advance Ruling Application can not be accepted if question raised in the application is already pending before any income-tax authority
- I- T department seizes Rs 300 crore in black money, including cash and jewellery, during April-October, 2011-12
- Merely because ITR-V sent to CPC not received for no failure on part of assessee, the return cannot be treated as invalid
- Download Lokpal And Lokayuktas Bill, 2011 and Read Full text
- Lokpal and Lokayuktas Bill 2011 Introduced in Lok Sabha
- Frequently Asked Questions Companies (Cost Accounting Records) Rules, 2011 and Companies (Cost Audit Report) Rules 2011- FAQ – 5
- KYC Norms/AML Standards/CFT – Obligation of Authorised Persons under PMLA, 2002
- Mobile Banking Transactions in India – RBI removes transaction limit of Rs. 50,000/- per customer per day
- Implementation of the Internal Rating Based (IRB) Approaches for Calculation of Capital Charge for Credit Risk
- All about New Company Secretaries (Amendment) Bill, 2010
- Regarding Online transmission of DES (Advance Authorization and DFIA ) and EPCG at Krishnapatnam Port (INKRI1) w.e.f. 23.12.2011
- Termination of contractual job can be challenged in court – SC
- Changes in Depreciation Rate on Plant and Machinery as per Companies Act
- Govt taking action against Kingfisher for TDS payment default
- Advance tax collection from top 100 companies declined by 1.4 per cent
- IRDA – Claim consultancy by Insurance Brokers
- Regarding continuation of anti-dumping duty on ‘Sodium Hydrosulphite originating in, or exported from, China PR
- Exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 – State Bank of India Commercial and International Bank Limited
- Companies eligible for shifting from Trade for Trade Settlement (TFTS) to normal Rolling Settlement – SEBI CIR/MRD/DP/14/2011
- RBI – Marginal Standing Facility – Scheme
- KYC norms and Obligation of banks under PMLA, 2002- Assessment and Monitoring of Risk – RPCD.CO.RRB.AML. BC.No.46 /03.05.33 (E) /2011-12
- Revised guidelines for e-furnishing Form 15CA
- DGFT – Corrigendum in description of export item at Sl. No 1011, Product Code-62 of the DEPB Rate Schedule
- Cabinet approves Lokpal bill; Team Anna, oppposition reject it
- CBDT to concentrate on big corporates and salaried employees to achieve target
- Service tax payable by non-scheduled operator on income received from giving the right to use the aircraft to its customers (Chartering of aircrafts), Circular is also Valid
- Service Tax – Security Services provided at residential quarters of workers is not input service
- Outward transportation of finished goods from the place of removal covered by definition of ‘input service’ upto 31.03.2008, service tax paid thereon eligible as CENVAT Credit
- In the absence of requisite mens rea to evade payment of service tax penalty can not be imposed
- Government consides new corporate governance guidelines to
- Service Tax – Section 78 permits benefit of reduction in penalty subject to assessee paying entire amount of tax determined with interest and 25% penalty within 30 days of communication of the order
- Artificially Created Light Energy (ACLE) not goods, Consequently there is no sale of goods
- CA, CS, CWA Amendment Bill passed by Lok Sabha in a hurry, without any discussion
- Government declines to disclose two letters written to PM by former Sebi member
- Amends Notification No.39/96-Customs, dated the 23rd July, 1996
- Seeks to provide provisional assessment to imports of ceramic glazed tiles other than vitrified tiles originating in or exported from China PR by M/s M/s Gaoyao Marshal Ceramics Co. Ltd China PR (producer) through M/s Foshan Dihai Trading Development Co. Ltd.-China PR (exporter)
- Companies (Amendment) Regulations, 2011 – Amendment in regulation 2
- Credit under dairy segment of Agriculture and Allied Activities-Treatment under Indirect Finance to Agriculture
- Regional Rural Banks – Deregulation of Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and Ordinary Non-Resident (NRO) Accounts
- SEBI – Review of Regulatory Compliance, Periodic Reporting and Contents of Trust Deed
- Empowering MSMEs for Financial Inclusion and Growth – Issues and Strategies
- Late Fees for XBRL returns filed after 31.12.2011 to be calculated from original due date of filing
- Service Tax – CENVAT Credit can be utilized for paying Service Tax on GTA service
- Search without satisfaction of ingredients of S. 132(1) is illegal and consequently Notice action U/s. 153A of the Act is also bad in law
- Enforcement Mechanism Against Corporate Frauds
- In the absence of valid comparable data furnished by the assessee, the use of comparables comparable controlled transactions for the purposes of benchmarking controlled transactions is permissible
- MCA invites Comments/Suggestions for future XBRL Implementation
- New Look Companies Legislation to Come
- Govt clears FDI proposal in broadcast carriage services
- Cancellation of Inauguration of Direct Taxes Regional Training Institute, Bangalore
- Micro Finance Institutions (MFIs) allowed to raise ECBs
- Review of FDI
- Indian Pharmaceutical exporters facing intense competition from China, particularly in Bulk drugs sector
- Working and objects of SFIO
- Banks/FIs should take steps to identify and assess their ML/TF risk for customers- RBI
- Railways to Accept ‘Aadhaar’ as Additional Identity Proof for E-Ticketing & Tatkal Scheme
- MVAT – Amendment to Notification dated 6th October 2007-Delegation of Power to JC
- Amendment to MVAT Rules, 2005 (6th AMD)-Submission of Details of Sales and Purchases
- Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Dignity Foundation (Regd.), Mumbai & Rajiv Gandhi Charitable Trust, Delhi etc. notified as eligible projects or schemes
- Services rendered to Indian Insurance Company in the process of re-insurance of risk cannot be treated as ‘Fees for Technical Services’ under India-UK tax treaty
- No depreciation allowable on BSE membership card post corporatization of BSE
- Advance Ruling – Payment for support service taxable as Fees for Technical service under India-Netherlands DTAA
- Interest payable to Dassault is not taxable in India under Article 12.3(b) of the India-France Double Taxation Avoidance Convention – AAR
- CAG pulled up Income Tax Department for not recovering tax arrears worth over Rs 4,500 crore
- Regarding Service Tax Refund to exporters through the Indian Customs EDI System (ICES)
- Procedure for Cancellation of TAN
- Guidelines For Preparation Of Outcome Budget 2012-13
- Only Death Certificate of lender is not sufficient to to prove the identity of the lender, genuineness of the transaction and creditworthiness of the lender
- Salary paid to lady partner as per income tax act provisions is allowable even if she is absent at that time of survey
- Empanelment for Concurrent Audit in Central Bank of India
- Highlights / salient features of the Companies Bill, 2011
- Unlisted Public Companies (Preferential Allotment) Amendment Rules, 2011
- IRDA – Standard Instructions and Guidelines Applicable For Approval/Renewal of Agents Training Institutes
- Section 234D of the Act applicable only from the assessment year 2004-05 onwards and not for the earlier assessment years
- Tribunal justifies CIT(A) in refusing to entertain the appeal because of the insignificant amount involved in the matter
- Documents required for Service Tax Registration – CBEC
- RBI retains interest rates, indicates cut in key policy rates from now onwards
- RBI – Mid Quarter Monetary Policy Review – December 2011
- Challenges to the Accounting Profession Some Reflections
- MCA extends PAN updation date for DIN holders to 29th February, 2012
- Company Law Settlement Scheme (CLSS) extended up to 15th January, 2012
- Protocol Amending India-Australia Dtaa Signed; Updated for Effective Exchange of Information on Tax Matters
- FM Welcomes RBI’s Resolve to Check the Speculative interventions in the Foreign Exchange Market
- Anand Sharma Unveils Strategy for Doubling Exports – Target of Us $ 500 Billion by 2014
- Government has tax demand of Rs 1.96 lakh crore of which 84 per cent cannot be realised – CAG
- Deregulation of Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and Ordinary Non-Resident (NRO) Accounts
- Amendment to Mortgage Guarantee Company (Reserve Bank) Guidelines, 2008
- Ministry of Corporate Affairs to Organize India Corporate and Investor Meet in February 2012
- New Manufacturing Policy to Create 100 Million Jobs in India
- Expense on aborted public issue offer allowable as revenue expenditure
- ICAI submits Pre-Budget Memorandum-2012 on Direct Taxes
- Regarding Implementation of The Pneumatic Tyres and Tubes for Automotive Vehicles (Quality Control) Order, 2009
- ICWAI Needs New Strategy – Name of Change of ICWAI to ICAI
- Portability of Health insurance from one insurance company to another insurance company
- NSDL has been appointed as CRA for NPS
- Cash assistance can not be treated as capital asset – ITAT Chennai
- Year and Bank wise details of Charges against Senior Officials in Banks
- Auditors should provide early warning signals -RBI Governor
- Fixation of new Standard Input-Output Norms for the export product “Polytetrafluoroethylene / PTFE Powder / Granular PTFE”
- RBi receives 25 Complains regarding receipt of counterfeit currency notes through ATM
- ICWAI Demands Drop “Chartered” From ICAI, Blames CAs for Black money
- RBI swung into action to check slide in rupee value against dollar
- No deduction of TDS u/s. 194-I on ‘Rent’ Without Control’ Over Asset – ITAT Mumbai
- Whether assessment can be re-opened beyond four years when all primary facts for making the claim were disclosed to the AO
- Draft Bank Branch Auditors’ Panel for 2011-12
- Companies Bill 2011- Major Highlights
- Rupee hits all time low; trading at 54.23
- HC upheld 25% addition for receipt of goods from the parties other than the persons who had issued the bills of such goods
- Tribunal may treat Appeal as un-admitted for non attendance with a right to appellant to make application for recall of order
- NRIs remitting money back home to take advantage of decrease in value of Rupee against Dollar
- ICAI Announcement for Empanelment as a Technical Reviewer with the Quality Review Board
- ICAI Indirect Taxes Committee submits Pre-Budget Memorandum, 2012
- NPA of a Company defaulting in repayment of loan can be assigned for the debt
- Anand Sharma Rules Out Freezing of the Custom Duties at the Current Levels
- Allowability of commission paid to sole selling agent
- Employees’ State Insurance Corporation Approves its Annual Report and Annual Accounts for The Year 2010-11
- Material found in the search may be a ground for notice and assessment under Section 153A of the Act but that would not efface or terminate all the consequence, which has arisen out of the regular assessment or reassessment
- International Customs Day 2012 to be celebrated on Friday, the 27th January, 2012
- Amendment to PPF & Senior Citizens Savings Scheme, 2004 – Payment of commission to the agents
- FM to inaugurate Direct Taxes Regional Training Institute, Bangalore on 18th December 2011
- Risk Management and Inter Bank Dealings – A.P. (DIR Series) Circular No. 58
- Deferment in the date of effect of one provision contained in Note-6 of Notification No. 82 of 31.10.2011 relating to export of meat
- DGFT notification on Export of empty Gelatin Capsule, to EU
- Formation of two new districts – Fazilka & Pathankot in the State of Punjab Assignment of Lead Bank responsibility
- Guidelines on Outsourcing of Activities by Intermediaries
- No proceedings can be brought against a nonexistent person either natural or artificial
- Amends Notification No. 36/2001-Customs(N.T) dated the 3rd August 2001- Notification No. 87/2011 – Customs (N. T.)
- Enforcement Directorate questiones Unitech MD Sanjay Chandra
- S. 40(a)(ia) Amendment to give extended time for TDS payment is retrospective
- SEBI (Debenture Trustees) (Second Amendment) Regulations, 2011 – Substitution of Regulation 7A
- Thing to Do Before /After Filing Return for Quick / Faster Income Tax Refund
- On submission of proof establishing identity and creditworthiness of shareholder share application money cannot be added to income
- Lack of external demand main reason for rupee’s depreciating value – Finance Minister
- Clarification on levy of service tax on distributors/sub-distributors of films & exhibitors of movie – regarding
- Download Companies Bill as introduced in Lok Sabha / parliament on 14.12.2011
- Electrical equipment industry body demands extension of service tax exemption to all power projects
- Benefit of EPF Scheme to Industrial Workers and People Covered under EPF and ESIC
- Expenses incurred by manufacturer and seller of pre-recorded audio cassettes and CDs on acquisition of intangible asset is to be treated as revenue expenditure
- Falling Rupeee Effect – Petrol prices may go up by 65 paise from Friday
- Rupee touches fresh all-time low of 53 rupees 71 paise against the dollar
- Black money – Finance Ministry decides to ask tax havens and other countries to obtain past information of banking-related transactions
- Black Money – Some in French list of having funds abroad pay Rs 135 crore in tax
- ICWAI revises Revising the rates of stipend payable to cost & Management Trainee (ICWAI appeared candidates)
- Compounding of Contraventions under FEMA, 1999 – A.P. (DIR Series) Circular No.57
- Food Inflation: This Time it’s Different*
- Ten Commandments for a Successful Banking Career
- Further Understanding of Issues Required to Sustain Growth and Create Inclusive Outcomes for the People – FM
- Gross Financial Flows, Global Imbalances, and Crises
- Guidance Manual for Audit Quality for professional Cost Accountants
- Revised format of Monthly Cumulative Report (MCR) incorporating investments in Infrastructure Debt Fund
- National Electricity Fund (Interest Subsidy) Scheme to subsidize interest rate on loans
- Finance Minister’s Inaugural Address at the International Conference on “Economic Policies for Emerging Economies”
- Interest on Interest free loan given for business purpose cannot be disallowed – ITAT Mumbai
- Municipal tax payable on rented property income and evasion of Municipal Tax may cause penalty on landlord
- Security deposited against leased property refundable on completion of tenure cannot be consider as Capital Gain
- Assessing Officer (AO) should carefully verify the statement given by the Assessee against any claim made by him
- Profit on Forfeiture of shares cannot be considered as revenue receipt
- Now Cost and Works Accountants will be known as Cost Accountants, Cost accounting body will share the same acronym – ICAI
- Rajya Sabha passes CS, CA, CWA (Amendment) Bill, 2011
- RTI – CIC has no power to direct Public Authority to furnish information – SC
- ICAI – Clarification for reckoning the “specified number of tax audit assignments” conducted under section 44AB of the Income-tax Act, 1961
- Receipt of share application monies in cash did not amount to acceptance of loan or deposit by the company
- CA body asks the government to allow losses from forex rate fluctuations to be amortised over a longer period
- Case pending in a lower court cannot be forwarded to another court till the decision taken by the lower court
- RBI is Closely Monitoring the Rupee Situation and will Do the Needful as Required,Says FM
- ICAI launches Self-Assessment Quiz for Common Proficiency Test (CPT)
- ICAI launches e-Learning Module on “Financial Analysis using MS-Excel 2010″ for students
- Entitlement of assessee of any deduction cannot depend on existence or absence of such entries in the books of accounts
- HC upheld application of gross profit ratio against the unaccounted sales for the purpose of making additions on account of undisclosed income
- If assessee have enough interest Free Fund, No interest amount can be disallowed for amount advanced to sister concerns
- Notice U/s. 148 is invalid In absence of any live link with the reasons recorded and the belief formed
- Assessment made without Service of notice within the time as stipulated in the proviso to Section 143(2) is void
- List of Suspicious Dealers who has issued false bills without delivery of goods
- Vijay Mallya meets CBEC chief to get accounts de-freezed
- Pension Under Provident Fund Schemes
- Public Provident Fund (PPF) Scheme for unorganised sector
- Central Board of Trustees, Employees’ Provident Fund recommends Interest Rate on PPF
- Section 19 of the BR Act, 1949- Investments in subsidiaries and other companies – Guidelines
- Export of 10,000 Tons of non-Basmati rice to Horn of Africa (Kenya, Somalia & Djibouti)
- Many Interim Applications in a proceeding under section 397/398 of Companies Act, 1956?
- RTI – Tribunal Member’s ACR Can Be Disclosed If In ‘Public Interest’- Delhi High Court
- Whether Tribunal is right in law in rejecting the alternative contentions of claim of deduction u/s. 11 of the Income-Tax Act,1961 as an aspect of Revenue’s appeal without adjudicating on the same on the ground of limitation
- All about taxability of Income From house property
- Download Free XBRL Software – Apex Xbrl Maker Free Edition
- How to check PAN furnished or not for filing DIN 4 from
- Expenditure can be disallowed only in the event of non-deduction of tax at source, and not in the cases involving short deduction, TDS not required to be deducted on exchange rate difference if TDS already been deducted at the time of credit of amount
- Income-tax Act Benefit u/s. 47(xiv) of the cannot be denied in case there is a delay in allotment of shares to the proprietor on conversion of a proprietary concern into a company
- Full exemption available under Section 54F of the Income-tax Act, 1961 even if the investment is made under joint name with spouse
- Sale of Software without granting right to duplicate, amounts to sale of copyrighted article and not the transfer of copyright and therefore not taxable as ‘Royalty’
- Section 194I – TDS not deductible on transmission and wheeling charges paid by power trading companies as same in not rent
- No functions, assets and risks analysis is required before AY 2002-03 for determination of profits attributable to dependent agent permanent establishment; no further attribution if dependent agent paid arm’s length commission
- TPO cannot take cognisance suo moto of any international transaction for adjustment in ALP
- Payments received by a non-resident for Value Added Services (VAS) is partly treated as ‘Royalty’ and partly as ‘Fees for Technical Services’ under India-UK tax treaty
- National Savings Certificates-IX Issued specified as class of Savings Certificates to which Government Savings Certificates Act, 1959 will apply
- Indirect tax collection rises 16.8 percent during the first eight months of the current fiscal
- Taxes paid by the employer is treated as perquisites included in the salary and cannot be consider monetary payment to employee
- Delhi HC stays CIC Order asking RBI to reveal name of defaulters
- Voluminous info received on black money, informs IT Dept
- Instructions regarding strict compliance of Rule 3(2)(ii) to (iv) of CCS (Conduct) Rules in respect of directions issued by superior officers to their subordinate officers
- ICSI Foundation Day Celebrations Vision of Professional Body Like The ICSI and its Members Should Capture Expectations of its Various Stakeholders-RPN Singh
- IFCI to raise over Rs 100 crore via tax-saving infra bonds
- RBI Board meets at Kolkata; State Govt., Banks and RBI to work together for meaningful Financial Inclusion
- I-T Dept invites fresh bids for Manesar, Pune centralised processing centres (CPCs)
- No service tax on late payment charges by stock investors if shown separately in the account statement
- 2G Scam – Kapil Sibal defends Chidambaram
- What is the difference between Power of attorney and Letter of authority
- Property belong to the HUF should be distributed between the Coparcener equally
- Tax Calculator + Form-16 for FY 2011-2012 / AY 2012-13
- Foreign investment in Pharmaceuticals sector – Amendment to the FDI Scheme
- FDI in India – Issue of equity shares under the FDI scheme allowed under the Government route
- Updating of Income Tax PAN details in MCA21 DIN DATA
- Amendment in Indian Post Office Act
- Govt Paid I-T refund of Rs 68,994 cr till Nov this year
- ICWAI President Communiqué December, 2011
- Norms of Health Insurers implementing portability of health insurance policies
- 4TH Global Conference on ‘Tax and Inequality’ Concludes
- Section 263 – Assessing Officer’s acceptance of Jurisdictional HC Law may be ‘erroneous & prejudicial’ – ITAT Mumbai
- GTL Infra admits undisclosed income of Rs 500 crore to Income Tax Dept in 2010
- Cost Accounting Records (Telecommunication Industry) Rules, 2011
- Cost Accounting Records (Sugar Industry) Rules, 2011
- Cost Accounting Records (Pharmaceutical Industry) Rules, 2011
- Cost Accounting Records (Petroleum Industry) Rules, 2011
- Cost Accounting Records (Fertilizer Industry) Rules, 2011
- Cost Accounting Records (Electricity Industry) Rules, 2011
- Committee on Procedures & Performance Audit on Public Sercies (CPPAPS) – Report No. 2 – Compensation structure for delay in payment of interest and/or principal
- Education Loan – The Mantra to Save Tax under section 80E
- Income Tax Deduction U/s. 80D for Medical Insurance
- Service Tax on Business Auxiliary Service
- Service Tax on Broadcasting (Radio and Television) Services
- Service Tax on Brand Promotion Services
- Company Law – Salient features of Early Warning System
- Penalty u/s 271C cannot be levied when the assessee misconstrued the provision of law and did not deduct tax at source
- Mother of 19 Children sentenced for for filing fraudulent Income Tax returns
- Central Excise Notification No. 29 – Export procedure under Notification No. 45/2001 to apply to only export to Bhutan
- Removal of intermediate goods without payment of duty allowed for export to Nepal – Central Excise Notification No. 28
- Procurement of excisable goods without payment of duty for use in manufacture of export of goods to Nepal allowed when payment is in Indian Rupee – Central Excise Notification No. 27
- Rebate of duty on excisable goods used in goods exported to Nepal allowed – Central Excise Notification No. 26
- Notification No.20/2004 which granted rebate to Nepal Government rescinded – Central Excise Notification No. 25
- Service tax on Renting of Immovable Property Services
- Service tax on Health Services
- Where assessee entered into agreement with its clients for development of software and agreed to give up all rights and claims of software to be developed, such contract was not for sale of any software but contract for service simplicitor
- There is no restrictions under rule 7 of Cenvat Credit Rules in limiting distribution of service tax credit made in respect of one unit solely on ground that services are used in respect of another unit
- ICWAI invites comment on Exposure Draft of Cost Accounting Standard – 14 on Pollution Control Cost (CAS – 14)
- FAQ- 4 – Companies (Cost Accounting Records) Rules, 2011 and Companies (Cost Audit Report) Rules 2011
- Hc issues notice to centre on limiting 200 SMS per day per SIM
- Tax and Inequality- A Central Concern for Effective Governance
- DTC to come into force from 1st April 2012
- Rescinds notification no. 78/2006-Customs, dated the 8th August, 2006
- PFC Tax Free Bonds -Draft Shelf Prospectus – Tax Benefit and other Highlights
- Exempts from Special Additional Duty (SAD) all goods exempted under notification no. 104/2010-Customs, dated 1st October,2010 when imported from Nepal.
- Government allows Rebate of excise duty on export of goods to Nepal under ARE-1 Procedure w.e.f. 1st March 2012 – Central Excise Notification No. 24
- IRDA- Guidelines Pertaining to Corporate Agents
- Quick Highlights Of E-Filing In F.Y. 2011-12 (Upto 30/11/2011)
- Microenterprise Development – Path to Creating MNCs of Tomorrow
- IRDA – Calling applications for Offline Agents Training Institutes
- Govt decides to increase minimum pension to Rs. 1000 per month for Workers Covered by EPFO
- Credit Channel of Monetary Transmission in India – How Effective and Long is the Lag?
- A.P. (DIR Series) Circular No.54 – Deferred Payment Protocols between Government of India and erstwhile USSR
- Identity Card to Every Adult Resident of the Country under NPR; No Card being issued by UIDAI
- Circular dt. 23rd May, 2011 , Splitting of Minimum Wages for the purpose of PE contribution not permissible – kept in abeyance
- MMRDA demands Rs. 50000/- for giving report asked under RTI
- IOC demands two year extension of tax holidays for its refineries
- Finance Ministry panel gets close to 3,300 suggestions on ways to curb the generation of Black Money
- Satyam scam – ICAI barred two Lovelock & Lewes auditors from practice for life, slaps Rs 5 lakh penalty
- Gratuity Payable only if employee put in 5 years of service – HC
- Off market transaction is not a unlawful activity and there is no relevance in seeking details of share transaction from stock exchange when the sale was not on stock exchange and relying upon it for making addition
- Small Savings to Fetch Better Returns
- Whether the assessee, a partner of the firm, is entitled to deduction u/s 48(2) while computing the long term capital gain for which the firm has already claimed deduction u/s 48(2)?
- Section 2(22)(e) – ‘Trade Advances’ are Not ‘Loans and Advances’ – Delhi High Court
- Section 153A – Assessee Entitled To Raise Fresh Claims – ITAT Mumbai
- RBI intimate banks revised PPF Limit and Interest Rate
- Govt to censor content on Facebook,Twitter, Google
- Transcore Vs UOI – A Judicial Monocracy to Anyhow Uphold Unwarranted Multiple Actions of the Banks/FIs
- What is Tax Collected at Source (TCS) and applicable rates?
- Dos and Dont’s for Depositing TDS / TCS
- What is TAN and Procedure for getting TAN
- What is TDS, Responsibilities of the Deductor and Procedure to pay TDS
- TDS defaults and Consequences (Penalties)
- Banks, hospitals and other commercial activities cannot be carried out from plots developed for residential purpose – SC
- Govt hopes to achieve indirect tax collection target of over 4 lakh crore for 2011-12
- IRS officer and CA wife on trial for ‘disproportionate assets’
- Expected Future Revolution in Income Tax
- India to Host Fourth International Tax Dialogue Conference
- CBDt not to share data received under the DTAA with Germany with any other Agency
- Service tax on Port Services by Other Ports (Minor Ports)
- Service tax on Technical Inspection and Certification Services
- Service Tax on Internet Telecommunication Services
- Service tax on Manpower Recruitment or Supply Agency’s Services
- Service tax on Internet Cafe Services
- An assessment of recent macroeconomic developments
- Farmers Support FDI in Retail Delegation of North Indian Farmers Meets Anand Sharma
- Fictitious offers of cheap funds from abroad – Awareness Campaign – Registering complaints with Cyber Crime Cell/ Economic Offences Wing
- Bhutan exempt from export ban by India on Milk Powder, Wheat, Edible Oils, Pulses & Non Basmati Rice
- Be Courteous to Public and Legislators – Government Directs Babus
- A view on deductibility of TDS on service tax and other expenses included in Bill amount
- S. 80CCD Deduction for Contribution to New Pension Scheme
- View TDS, Income Tax & SA Tax Credit in Form 26AS
- Stay of disputed income tax demands-some important points
- Clubbing of Income under the Income Tax Act, 1961
- Companies Bill, 2011 Cleared by Union Cabinet
- ITAT President has no authority to record the Annual Confidential Reports (ACRs) of the Members – HC
- Waiver of principal amount of working capital loan not a capital receipt; Amount waived off taxable as deemed business profit u/s 41(1)
- Tax On Sales-tax Subsidy – SC asks HC to decide whether sales-tax subsidy is a capital receipt
- Whether the expenditure is capital or revenue in nature cannot form the subject matter of block assessment
- Memorandum of Understanding between ICAI and University of Madras
- Prerequisites for furnishing correction TDS/TCS statement and how to know the status of TDS/TCS return submitted
- How to know Date of birth on PAN Card
- Format of Report under section 115JC of the Income-tax Act, 1961 for computing adjusted total income and minimum alternate tax of the limited liability partnership
- How to find name of person through his PAN
- All about PAN, FAQ and documents required to issue PAN to resident and foreign resident
- NSC Interest Rate Calculator
- RBI directs primary urban cooperative banks to not to process over 3-month old cheques
- CBI demand details of the tax benefits availed by Dr Reddy’s during the reign of N Chandrababu Naidu
- Govt hopeful of panel report on DTC in winter session and DTC implementation from 1st April 2011
- nion Finance Minister’s Speech at Hindustan Times Leadership Summit
- Mandatory Publication of Central Government and Public Sector Tender Enquiries on the Central Public Procurement Portal
- ICWAI sign MOU with CISI, UK
- CCI (Salary, Allowances and other terms and conditions of service of Chairperson and other Members) Amendment Rules, 2011 – Substitution of Rule 3
- ICSI – Introduction Of New Type Of Main Answer Books With Optical Mark Reader (OMR) Base Cover Page For Use Of Examinees In CS Examination, December, 2011
- The Securities and Exchange Board of India (KYC Registration Agency) Regulations, 2011
- Seeks to exempt excise duty on pile liners fabricated at the site of construction for use at the marine site
- Regarding Classification of Chloroparaffins/Chlorinated Paraffins
- Introduction of New Category of NBFCs – ‘Non Banking Financial Company-Micro Finance Institutions’ (NBFC-MFIs) – Directions
- Amends Notification No. 21/2002-Customs, dated the 1st March, 2002
- Seeks to amend Custom Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995
- Deferred Payment Protocols between Government of India and erstwhile USSR – A.P. (DIR Series) Circular No.53
- Sum received on surrender of tenancy right is capital receipt and hence, not taxable – Delhi HC
- SC asks Ketan Ketan Parikh and Co to Deposit deposit 50 percent of penalty imposed for Fema violations
- In response to Bribe demand farmers emptied three bags filled with 40 snakes in IT office
- Non-Banking Financial Company – Micro Finance Institutions (Reserve Bank) Directions, 2011
- Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007 – Amendment in Paragraphs 1 and 2
- Non-Banking Financial Companies Auditor’s Report (Reserve Bank) Directions, 2008 – Amendment in Paragraph 3A
- Scope of scrutiny assessment in AIR cases under Income Tax Act 1961
- Capital Gain on Conversion of Capital Asset into Stock In Trade
- Payment to Foreign healthcare services companies for advising, recommending ,assisting in healthcare projects and for conducting education and training programmes are not royalty
- Gains arising on sale of shares of foreign company by Non Resident (NR) to NR taxable in India if the foreign co only held Indian assets – AAR
- Negligent Assessee should not be given many opportunities just because that quantum of amount involved is high
- JM Shanti Sundharam becomes Fourth Lady member of CBEC in Six member board
- To add the difference between Market Value and sale value , department has to prove that the assessee had received more than what is declared
- Tourist Visa on Arrival for Citizens of Eleven Countries
- New Pictorial Health Warning – Implementation of the Cigarettes and other Tobacco Products (Packaging and Labelling) Rules, 2008 regarding
- Govt consulted stakeholders including UPA allies before allowing FDI in retail – Montek
- ICAI President’s Message – December 2011
- India’s Foreign Trade – October, 2011
- Understanding Section 14A Impact with Case Laws
- How to get your PAN Card details updated?
- Merely because, the assessee did not furnish the report before the due date of filing of the return, that may not automatically attract the penalty
- Ups and Downs of Service Tax on Goods Transport Operators
- While processing application u/s. 12AA of the Act Commissioner should not act as an Assessing Authority
- Guidelines for reporting TDS transactions where amount paid to deductee has not exceeded the threshold limit
- Rs. 45 crore tax exemption to ICC for World Cup unjustified
- Refund cannot be adjusted against demand on disputed issues which are covered by the earlier orders of the ITAT or CIT (Appeals)
- High Court has no Power to entertain grounds not raised before tribunal
- XBRL Filing due date extended to 31.12.2011 or 60 days from due date, whichever is later
- ICAI appeals for Empanelling as a Peer Reviewer with the Peer Review Board of ICAI
- Cost Accounting Records & Cost Audit – Applicability & Compliance
- Empanelment of CA/ICWA for special audit of Service tax Assessees with Service Tax Commissionerate at Delhi
- Cost Accounting Records and Cost Audit – clarifications about coverage of certain sectors thereunder
- India receives info on around 1,500 transactions from Denmark and Finland under DTAA
- Dropping lock-in period for FDI in Cosntruction
- Growth Performance in Second Quarter of Current Fiscal not Disappointing – FM
- Guidelines on Capital Adequacy and Exposure Norms for Credit Default Swaps (CDS)
- QE-II and FII inflows into India – Is there a Connection? RBI Working Paper
- RBI decides to implement guidelines relating to introduction of CDS for Corporate Bonds w.e.f December 1, 2011
- RBI – Prudential Guidelines on Credit Default Swaps (CDS) applicable from 30.11.2011
- Financial Inclusion-Opening of Aadhaar Enabled Bank Accounts (AEBA) for implementation of EBT for routing MGNREGA wages and social security benefits
- Amends Notification No. 36/2001-Customs(N.T) dated the 3rd August 2001 vide Notification No. 85 / 2011 – Customs (N. T.)
- Seeks to amend Notification No.87/98-Customs (N.T.), dated the 9th November, 1998 thereby amending Courier Imports and Exports (Clearance) Regulations, 1998
- Appointment of Common Adjudicating Authority – Notification No. 83 / 2011 – Customs (N.T.)
- Know online status of claim under EPF (employee provident fund)
- Consequences of Filing Income Tax Return After Due Date
- Frequently Asked questions related to Employees Provident Fund
- Capital gains under Income Tax Act 1961
- Allowability of deductions on account of payments made by the assessee to the retired partners and wives of deceased partners while computing the total income
- Notification for Launch of 10-Year National Savings Certificate (IX-Issue), 2011 Issued
- CBEC invites Comments/suggestions on ‘Draft Adjudication Manual’
- Clarification on FDI Policy in Multi Brand Retail
- CBI Arrests Central Excise Inspector in Bribery Case
- Request for No Action Letter under Para 5(1) of SEBI (Informal Guidance) Scheme, 2003
- 3rd Frequently Asked Questions on Companies (Cost Accounting Records) Rules 2011 and Companies (Cost Audit Report) Rules 2011
- 57 Crore People in the Under Insurance Net
- Online Sale of Insurance Policies
- Central Para-Military Forces (CPMF) sought VAT exemption on canteen sales
- Govt issues Draft Public Procurement Bill, 2011(Dated 29th November, 2011)
- Branch Authorization Policy – Relaxation- opening of Tier 2 branches under general permission
- SEBI Circular on Annual System Audit
- Give workers permanent jobs not contracts – Govt to industry
- FII and Equity market affected by Euro crisis – Finance Minister
- Customs – Implementation of The Pneumatic Tyres and Tubes for Automotive Vehicles (Quality Control) Order 2009
- Taxpayer’s Lounge – the stall set up by Income Tax Department at India International Trade Fair 2011 – receives the First Prize in the category Government Departments
- Vacancy Circular for filing up vacant posts in various Benches of Income Tax Settlement Commission-reg.
- Life insurance companies with 10-year in business can go public: IRDA
- New companies bill retained the provision for rotation of auditors every five years
- Indexed cost of gifted assets has to be determined with reference to previous owner – Bombay HC
- Provisions of Stamp Duty & Bombay Stamp Act, 1958
- Housing firm not responsible for encroachment after delivery of possession of the plot to buyer – Supreme Court
- Daily wagers not entitled to regularisation but can claim monetary compensation for illegal retrenchment – SC
- Insurance company to pay compensation for death of youth if it fails to prove that youth was driving negligently – SC
- Agreement to refer disputes to arbitration cannot be rendered void merely because of government rule – SC
- Violations of Chartered Accountants Act
- Investors Beware! Invest Cautiously
- Maharashtra Vat – Correction of mistakes made by the dealers or miscellaneous refunds of excess payment of taxes
- In case the AO finds that practically the land has been bought by the Developer and Developer has all dominant control over the project and has developed the land at his own cost and risks, the AO should allow the deduction to the assessee u/s 80IB(10)
- Revision of Pension under PF Scheme
- CA Vijay Vaishnav and bouncers held after clash with lawyers in court
- Steps taken by the Employees’ Provident Fund Organisation to recover the outstanding amount
- MCA released XBRL Validation Tool Version 1.1.1 with enhancements
- Registration of Marriage
- RBI – Payment System Issues and Challenges
- Implementation of bar coding on export consignments of pharmaceuticals and drugs with effect from 01.10.2011- Clarification regarding export of bulk drugs
- Minimum Export Price of Onions – Notification No 86 (RE – 2010)/2009-2014
- Seizure of foreign marked gold biscuits valued at Rs. 69 Lakh by DRI, Bangalore
- Seeks to impose anti dumping duty on imports of Hot Rolled Flat Products of Stainless Steel originating in, or exported from, European Union, Korea RP, South Africa, Taiwan and USA
- Customs – Rate of exchange of conversion of each of the foreign currency with effect from 1st December, 2011
- Customs – Seeks to notify Customs (Provisional Duty Assessment) Regulations, 2011
- Custom Duty – Seeks to notify Shipping Bill (Electronic Declaration) Regulations, 2011
- Customs – Seeks to notify Bill of Entry (Electronic Declaration) Regulations, 2011
- Quarterly Report on Public Debt Management for the Quarter July -September 2011 Released
- Interest Rate on PPF increased to 8.60 percent w.e.f. 01.12.2011
- Are ‘WE, THE PEOPLE OF INDIA’ Not Entitled To Be Governed By the ‘Rule of Law’?
- Finance Minister Pranab Mukherjee’s opening remarks in Kathmandau today after signing the DTAA
- CBI arrests Thane Service Tax Supdt. accepting bribe
- Automated Form-16A for F.Y. 2011-2012 / A.Y. 2012-2013
- Increased Interest Rates and its expected impact on Asian Economies in 2012
- PPF, MIS, and other Post office Deposit Scheme to earn higher interest from 1st December, PPF limit raised to 100000
- PPF – Investment Limit increased to 1 lakh, Loan to cost 2% extra
- National Small Savings Fund (Custody and Investment) amendment Rules, 2011 – Amendment in rule 9
- Post Office Time Deposit (Second Amendment) Rules, 2011 – Amendment in Rules 7 and 8
- Post Office Savings Account Rules – Interest with effect from 1-12-2011 notified
- Post Office Recurring Deposits – Interest w.e.f. 1-12-2011 notified
- NSC – Interest with effect from 1-12-2011 notified
- Post Office (Monthly Income Account) Second Amendment Rules, 2011 – Amendment in Rules 8 and 9
- Kisan Vikas Patras – Discontinuance of sale w.e.f. 30-11-2011
- Small savings schemes – Notified rate of commission for canvassing/securing investment in
- Commission to a foreign agent without tax deduction for services outside India cannot be disallowed
- Mumbai – Fire in local market, many shops gutted
- Tax paid by the employer on behalf of the employee is perquisite and can not be included in salary for valuation of concessional accommodation
- Proof of service outside India pre-requisite for beneficial tax claim – ITAT Pune
- Transfer Pricing – Comparable rejected by TPO without giving cogent reasons must be presumed to be comparable and DR cannot argue to the contrary
- Gujrat HC decides at what stage it can be held that there had been an international transaction between taxpayer and its Associated Enterprises
- TDS – AO not having jurisdiction cannot pass the order just because assessment was getting time barred – Bombay HC
- Income of non-resident for production of television signals for broadcasting of cricket matches in India taxable as fees for technical services on gross basis
- Obligation to deduct tax not arise on payment made to foreign company unless such payment is chargeable to tax in India
- CBI have No cases against German bank account holders
- India and Nepal to Sign Revised Double Taxation Avoidance Agreement
- FDI in Retail Sector to create 10 million jobs – Anand Sharma
- Court orders FIR against Lokpal Activist Kiran Bedi
- NABARD Monitors Performance of Cooperative Banks to improve their Functioning
- Frequently Asked Questions on SEBI complaints Redress System (SCORES)
- IRDA – Guidelines on Persistency of Life Insurance Policies
- Where the Money and Risk Flows?
- Avail loan against PPF after the expiry of one year from the end of the year in which the initial subscription was made
- L&T Infra Long term Infrastructure Bond – Save tax u/s. 80CCF and earn interest at 9% p.a.
- Full and true disclosures must mean what the statute says and requires specific disclosure of each fact – Bombay HC
- Assessee to ‘keep and maintain’ information and documents in respect of international transaction entered into with AE – ITAT Mumbai
- Contract for transportation in respect of chartering a helicopter/aircrafts do not attract provisions of TDS u/s 194I
- Background Material on Cabinet Decision on The FDI in Retail
- Penalty / Fine for violation of procedural law cannot be disallowed- Bombay HC
- ICSI – Online change of Address by the Members
- Why One Shall Not Be Justified in Thinking that an Attempt is Being Made to Anyhow Upheld the Claim of the State?
- 18 Proposals of Foreign Direct Investment Amounting to 2126.20 Crore Approved
- What is the harm, if now the judiciary is trying to improve its performance by chasing injustice?
- Sub-Committee Constituted by RBI under Shri Y.H. Malegam Submits its Report regarding Micro Finance Sector
- Rejigging the Elephant Dance
- Deregulation of Savings Bank Deposit Interest Rate in Urban Co-operative Banks
- Amendment to Senior Citizens Savings Rule, 2004 (SCSS, 2004) To allow verification of Affidavits by” Notary Public” along with “Oath Commissioner” in SCSS, 2004
- Technology and Production Series-1
- Customs Manual on Self-Assessment – 2011
- Comprehensive Competition Reforms at Centre State and Sub-State Levels will be Defining Moment in India – Moily
- Cabinet clears Companies Bill 2011; to be tabled (for consideration and passage) in the ongoing Winter Session
- Govt cleares bill to increase foreign direct investment to 51% in multi-brand retail and 100% in single brand retail
- Regarding Service Tax Registration issued on the basis of Temporary Number but not been converted into PAN based Registration Number
- Income Tax department seized about Rs 70 crore in cash from contractor in Jharkhand
- Important message on due date of XBRL filing
- SBI decides to abolish pre-payment charges on home loans
- Retrospective amendment does not mean failure to disclose material facts – Bombay HC
- IDFC demands hike in income tax deduction limit u/s. 80CCF for infrastructure bonds
- CBDT’s List of Officers for promotion to the grade of CIT
- Notification on Minimum wages in CA Offices in kerala
- ESIC – Online Submission Of Return Of Contribution For The Period Ended 30.09.2011
- Clarification regarding service tax on escort charges collected by State Police from various clients under security agency’s service
- Ad hoc exemption to security agency’s services provided during 16-10-1998 to 31-3-2009 by Central Industrial Security Force
- Service Tax – Issuance of ad hoc Exemption Order No.2/2/2011, dated 8-8-11 to NGOs managing central kitchen of mid-day meal scheme sponsored by Central/State Governments, as outdoor caterers
- Ad hoc exemption to outdoor catering service provided during 10-9-2004 to 2-9-2010 by NGOs registered under any Central or State Act under centrally assisted mid-day meal scheme
- Service Tax – Trade Notice Regarding Civil Appeal on “Renting/leasing of immovable property”
- Bill of Entry not accepted as importer who had filed it did not have educational qualifications required for CHA – wholly illegal, untenable and without jurisdiction
- Companies Bill, 2011 – NCLT and NCLAT to replace Corporate Tribunals
- FM blames FII withdrawal, weak rupee for market crash
- How to get CIBIL Credit Score / Rating Online
- Exposure Draft on IRDA (Licensing of Bancassurance Agents) Regulations, 2011
- Authorization of Specified Branches of SBI to receive, with immediate effect, subscriptions under Public Provident Fund Scheme, 1968 and Senior Citizens Savings Scheme Rules, 2004
- SEBI Board discusses Tenure for conversion of warrants issued along with public/rights issues , Disclosures where Funds are shown as promoters, Review of net worth for Debenture Trustees etc.
- IRDA release Mobile application to compare insurance products and premium rates
- Sale deed contrary to Injunction is not a valid deed even though the applicant entitle to invoked Court jurisdiction under Sec 536(2) of Companies Act 1956
- Central Exicse – Amends Notification No.3/2005-Central Excise, dated the 24th February, 2005
- Exposure Draft Limited Revisions to Accounting Standard (AS) 10 Accounting for Fixed Assets
- Custom Notification on import of Opal Glassware from people’s Republic of China and UAE
- Relating to customs duty exemption to Ministry of Defence for goods imported for the use in MR-SAM project
- RRBs – Interest Rates on Non-Resident (External) Rupee (NRE) Deposits and FCNR (B) Deposits
- Collection of Account Payee Cheques – Prohibition on Crediting Proceeds to Third Party Account
- Recession in IT Companies
- RBI Monitoring the Rupee Situation and will Do the Needful as Required, Says FM
- Comprehensive Guidelines on Over the Counter (OTC) Foreign Exchange Derivatives – Foreign Currency – INR swaps
- External Commercial Borrowings (ECB) Policy modified – Parking of ECB proceeds
- CBI Files Chargesheet Against Three Accused Including An IAS Officer For Forgery & Fabrication Of Bank Records
- ICSI releases new format of the quarterly report to be submitted by the students
- ECB Policy modified – All-in-cost Ceiling enhanced
- RBI hikes Interest Rates on NRE and FCNR(B) Deposits
- Completion of online uploading of RCMC data on DGFT’s Server By EPCs / Commodity Boards/Authorities by 30.11.2011
- FAQs on e-filing of ST-3 returns – Entries of more than one challans paid in single month, Source Document, Amount Mismatch
- ‘Public sentiments no basis to deny bail’ – SC grants bail to five corporate honchos allegedly involved in 2G Scam
- DIPP moves draft Cabinet note on allowing 26% FDI by foreign airlines in the domestic carriers
- Employees can’t be forced to work under new management – Supreme Court
- Government has no proposal to lower the securities transaction tax
- Ratan Tata’s successor – Cyrus P Mistry appointed Deputy Chairman of Tata Sons
- Empanelment of Chartered Accountant Firms for Internal Audit with Central Warehousing Corporation
- Preparation of Results Framework Document for Income tax Department for F. Y. 2012-13
- Format for submitting Draft Letter of Offer under Regulation 16 (1) of SEBI (SAST) Regulations, 2011
- Deregulation of Savings Bank Deposit Interest Rate – Guidelines
- Conditions mentioned in CBEC Circular on compliance of which Accreditation is dependent cannot be said to be arbitrary or violative of fundamental rights
- While deciding penalty appeal, it is open to the Tribunal to look into the transaction to see as to whether the claim was bona fide or it was bogus and result of falsehood
- If two views were possible and the assessee claimed deduction on the basis of advice of consultants, penalty can not be imposed
- If shares held as investments than loss on the sale thereof is capital loss and not Business loss
- Intent to arbitrate can be seen from conduct of parties – SC
- Recovery to be effected in due process of law and not by use of force – SC
- Value of free issue materials – Commissioner to record a clear finding as to whether for the tubes cleared during the three relevant periods, the caps were supplied by the customers of the appellant free of cost – Supreme Court
- SC upholds cess on construction companies
- Computer based Mock Common Proficiency Test (CPT) 26th November 2011 called off
- StCBs/DCCBs – Payment of Cheques/Drafts/Pay Orders/Banker’s Cheques
- Foreign Investments in Infrastructure Debt Funds – A.P. (DIR Series) Circular No. 49
- RBI monitoring Rupee depreciation – Finance Minister
- DGFT – Removal of names of the firms from list of defaulters for failure to export of cotton
- All about Employee Pension Scheme in a brief
- Tax implications on recognised provident funds
- ST : Road constructed in a petrol pump to facilitate filling of fuel is not liable to service tax under category of ‘Commercial or industrial construction service’
- LLP – Hints for successful DSC association of Designated Partners
- Black money – Enforcement Directorate issues notices to LGT bank account holders
- Maharashtra Value Added Tax – Common Error While Uploading the e-501
- IASB and IFAC to enhance co-operation in developing private and public sector accounting standards
- I-T dept invites Suggestions for prescribing a proforma for obtaining information relating to Transfer Pricing
- Black money – I-T to get Rs. 80 crore tax as tax from 22 individuals holding accounts and stashing funds in the foreign bank
- IRDA issues Guidelines and Eligibility Criteris for Display of insurance Product on Websites
- For under Construction Flat Purchased from Builder date of allotment crucial for calculating Capital Gain and deciding Long Term or Short Term
- Powers of CIT (Appeal) to admit Additional Evidence u/s 250(4) and Rule 46A and the requirement to give A.O. an opportunity
- Government’s policy paralysis in last year has added to the cyclical slowdown – CLSA
- State Has First Charge over Secured Assets despite Overriding Provision in DRT Act and Securitisation Act
- Download Calculator for Emi, ROC Fees, NSC, KVP, Post Office R.D. Interest, TDS, Income Tax, Service Tax, VAT, Custom Duty, HRA, Home Loan, TDS on Salary, Wealth Tax, 234ABC Interest etc
- RBI notification on Frauds – Classification and Reporting by Banks
- FEMA – Mid – Sea Trans-shipment of catch by Deep Sea Fishing Vessel
- Banks would be allowed to act as sponsors to Infrastructure Debt Funds (IDF)-MFs and IDF-NBFCs
- Infrastructure Debt Funds (IDFs) – Eligibility Parameters for NBFCs as Sponsors of IDF-MFs
- Rupee touches new low of 52.15 per dollar, Sensex Falls 425 Points
- Service Tax on GTA – Assessee eligible for abatement as per Circular of DGST on tax paid without abatement and eligible for refund of excess paid with interest
- Entry Tax Act in Punjab amended-an attempt to remove defects?
- Erection commissioning or installation Service – No Service Tax on laying of Plumbing, drain laying or other installations for transport of fluids etc before 16.5.2005
- Services provided during Hindus’ marriage ceremony not exempt from service tax
- Rs. 20 crore service tax netted from Mumbai builders
- No Section 14A / Rule 8D Disallowance Without Showing How Assessee Wrong – Delhi High Court
- Download Income Tax Calculator for A.Y. 2012-13, 2011-12, 2010-2011
- Cost Inflation Indexed Cost Calculator
- Service Tax – When tax with interest is paid u/s. 73(3), no noticefor recovery of penalty under Sec. 76 to be issued
- Reopening under section 147 For Lapse Of AO Invalid – Delhi High Court
- Infosys launches XBRL filing solution to help companies file financial statements
- Inter-Ministerial Committee to Look into the Issue of Misleading Advertisements
- Court should not compel Government to make appointments to post of ITAT Member from wait-listed candidates – SC
- Get Income Tax Refund by making application under RTI Act
- When non-resident technology partner does not pass on proprietary right to assessee on transfer of knowhow, the royalty paid by the assessee under a knowhow transfer agreement is revenue expenditure
- Commission/bonus paid to the Directors of the assessee company for business expediency would not fall under section 36(1)(ii)
- ICAI asks questions on topics excluded from syllabus in question paper of Taxation, PCE Nov-2011
- If secured assets have been wrongfully transferred, an order for return of such assets can be passed by DRT
- MCA requests to Expedite Filing Of Annual Return And Balance Sheet
- SC admits plea for allowing tax exemption on the expenses incurred for heart surgery
- Empanelment for Concurrent Audit of Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited
- Listing Provides an Oppurtunity to the People of India to become Shareholders in CPSES while Government Retains Management Control – FM
- Revised Concept Paper on Taxation of Services based on Negative List
- Minimum Export Price of Onion – Notification No 85 (RE – 2010)/2009-2014
- Increase in FII debt limit in Government and Corporate debt category
- Amends Notification No. 21/2002-Customs, dated the 1st March, 2002, thereby removing the actual user condition and restricting the exemption to LCD TV panels of 20 inches and above
- SEBI – Review of limits for foreign institutional investors (FII) investments in Government Securities and Corporate Bonds
- RBI – Minutes of the October 19, 2011 Meeting of the Technical Advisory Committee on Monetary Policy
- Direct Access to Negotiated Dealing System-Order Matching (NDS-OM)
- FEMA – “Set-off” of export receivables against import payables – Liberalization of Procedure
- NEFT – Access Criteria for Regional Rural Banks (RRBs)
- Repayment of Term/Fixed Deposits in banks in respect of a/c having ‘Former or Survivor’ OR ‘Former or Survivor’
- Overseas forex trading through electronic / internet trading portals – A.P. (DIR Series) Circular No. 46
- Rescinds Notification No. 14/2007-Central Excise, dated the 1st March, 2007
- Citibank fraud – Income Tax department initiates re-assessment of investors
- Section 83A of the finance act, 1994 – power of adjudication – Assignment of specified cases to commissioner of Service Tax, Delhi
- Govt Increases Current Limit of FIIS Investments by US$ 5 Billion Each in Government Securities and Corporate Bonds
- Empanelment of CA firms with CAG from 1st January to 15th February 2012
- No Long Term Capital Gain Exemption if Asset is Converted to Stock in Trade – ITAT Delhi
- Capital gains on sale of Indian Companies shares by Mauritius Company to German Company not chargeable to tax in view of Article 13.4 of the India-Mauritius Tax Treaty
- CIC directs RBI to disclose names of top 100 loan defaulters
- For Section 80-IB ‘workers’ need not be ‘employees’ – Bombay HC
- Section 194C vs 194-I on Transportation vs. Hire Contracts – ITAT Delhi
- IT department starts investigating 782 people suspected of having stashed unaccounted wealth outside India
- ICAI president, G. Ramaswamy, IFAC board
- MCA – Establishment of ROC-cum-Official Liquidator offices
- Deduction under Section 80 HHC allowable in respect of the addition made on account of the creditors
- All about Service Tax in Brief and Download Free E-Book updated up to 25.08.2011
- Reflection in the P/L a/c towards income not determinative; Entries in books of account do not decide the nature of receipts -HC
- Tax U/s. 195 not deductible on consideration for live broadcasting
- Procedure for rectification in the case where assessee has filed ST3 return mistakenly for the future period instead of current period
- Regarding Mandatory E filing of ST3/ST3A Return by Every Assessee
- Service Tax – Procedure and documents required for Centralized registrations
- Service Tax Department to send ST-2 Certificate by Post only unless specified otherwise in ST-1
- Email Hacking is punishable under Information Technology Act, 2000
- Govt amends Export-Import Bank Act to increase credit to exporters and importers
- Mandatory use of jute in packaging foodgrains and Sugar for the Jute Year 2011-12
- PFRDA Bill 2011 – Govt allows 26 percent FDI in pension
- Government may impose stamp duty of Rs 300 per crore on transactions in commodities, stocks and other derivatives
- Financial Regulation for Growth, Equity and Stability in the Post-Crisis World
- Payment of Cheques/Drafts/Pay Orders/Banker’s Cheques by Regional Rural Banks beyond the period of three months from the date of such instrument
- FDI – Reporting of Issue / Transfer of ‘Participating Interest/Right’ in Oil Fields to a Non-Resident as an FDI Transaction
- Empowering Deposit Insurance Entities to Face Challenges posed by an Emerging Financial Landscape – Global and Indian experience
- Union Finance Minister Shri Pranab Mukherjee’s Address on the Conclusion of 150 Years Celebrations of the C&AG of India
- New TDS software will alert about Unmatched challan, Invalid PAN, Challan pending amount
- ICAI to initiated inquiry against Deloitte over alleged inflated valuation of Jagati Publications
- No injunction to indirectly coerce performance of positive covenants – Delhi HC
- ICAI to check No. of Tax Audit done by Each CA, Soon Members can view tax audit reports uploaded in their name
- Income Tax Officer Sentenced In Bribery Case
- Principles of Interpretation of Entries & Commodities in the Schedules Under The Punjab Value Added Tax Act, 2005
- Compulsory Maintenance of books of account under Income Tax
- Taxation of Income and Capital Gains from Mutual Fund Units
- TDS on salary: Employees responsibility if employer defaults
- Deduction under Section 10(13A) for House Rent allowance
- No fixed return on PPF
- CBFC denies MNS allegation that the Marathi films are being certified by non- Marathi knowing persons
- Master Circular No. 2/2011 on Cost Accounting Records and Cost Audit
- Amends Notification No. 78/2007-Customs, dated the 29th June, 2007 thereby extending the levy of anti-dumping duty on the imports of CD-Rs, originating in or exported from China PR, Hong Kong, Singapore and Chinese Taipei, for a further period of one year
- Amends Notification No. 36/2001-Customs(N.T) dated the 3rd August 2001 – Notification No. 78/2011-CUSTOMS (N. T.)
- Trade Credits for Imports into India – Review of all-in-cost ceiling
- Amends the existing baggage Rules by extending the benefit to passengers coming from Bhutan and Nepal also -Notification No. 77 /2011-Customs (N.T.)
- Interest Rates on Export Credit in Foreign Currency
- Income Tax Employees strike – I-T survey operations hit in Delhi
- Form 16,16A, 27D, 24G in Excel for AY 2011-12 & 12-13
- Regarding Customs Tariff classification of TV Tuners used with ADP machines of Harmonised Customs Tariff 8471
- Announcement-Assessment Test of the Certificate Course on International Taxation organised by the Committee on International Taxation of ICAI on Saturday 17th December, 2011
- ICSI – Campus Placement for Fresher Members and Studentsat ICS IEIRC , Kolkata
- 2G scam – quantification of loss was not part of the objectives of the CAG audit and the final figure of Rs.1.76 lakh crore was at best a ‘mathematical guess’
- IASB and FASB publish revised proposal for revenue recognition
- Exposure Draft Guidance Note on Recognition Of Revenue By Real Estate Developers
- Swiss regulator found loopholes in the banks’ dealing with the foreign political figures.
- ICAI Council Guidelines for Conversion Of CA Firms into LLPs
- Motor Vehicles Act 1988 – compensation should be adequate to restore the claimant in the position prior to the accident – SC
- FCI not covered by clause (e) of Section 3 of the companies Act and acquisition of land by it can not be said as acquisition of land for ‘company’
- Under Section 15 of the Central Sales Tax Act Tax shall not be levied at more than one stage – Delhi HC
- Draft Real Estate (Regulation & Development) Bill, 2011 and Draft Model Property Rights to Slum Dwellers Act, 2011
- Draft Model Property Rights to Slum Dwellers Act, 2011
- Income Tax Department Requirement of Advocates as Junior, Senior Standing Counsels to appear before Madras HC
- Post-Global Financial Crisis, Major Global Economies are Facing an Uphill Task in Engineering their Recovery
- ICSI – Online exemption test from compulsory computer training
- Orders Appointing Income Tax Ombudsmen in 5 cities
- Taxpayer did not constitute a Construction PE under the DTAA as the contract carried on by the Taxpayer did not exceed the threshold period provided under the DTAA
- B/F business loss , unabsorbed depreciation and loss incurred by a non-eligible unit shall not be adjusted while computing the profit eligible for relief u/s. 10A of the Income Tax Act
- Third Party Administrators (TPAs) to deduct TDS u/s. 194J while making payment to hospital, No penalty u/s. 271C for non deduction of TDS on TPAs
- Transfer of shares by initial subscribers to a MOA does not amount to a change in shareholding as per section 79 of the Income-tax Act, 1961 and therefore, benefit of brought forward loss is available
- Payment made for supply of software is not ‘royalty’ since it is copyrighted software and not copyright in the software
- Understanding Transfer Pricing With Latest Case Laws Part 2
- MVAT – Documents to be submitted with Audit Report in Form 704 for the period 01-04-2010 – 31-03-2011
- Download Master file of employee’s database
- The Maharashtra Value Added Tax (Fifth Amd.) Rules, 2011
- MVAT – Amendment to Notification No. VAT.1511/CR-57/Taxation-1 dt. 30th April 2011
- Sec. 40(b)(v)- Quantum of remuneration or the manner of computing the quantum of remuneration should be stipulated in the partnership deed
- Excise duty Refund eligible for deduction u/s. 80IB(1)
- Section 80IA(5)- Once the set off Loss & Depreciation of eligible unit prior to initial assessment year has taken place in an earlier year against the other income, the Revenue cannot rework the set off amount and bring it notionally
- Discussion Paper on Potential Reform of the SEZ Policy and Operating Framework
- Benefit of HRA on payment of House Rent
- Deduction under section 80C and tax planning
- Section 80G Deduction For Donation made
- PPF Investment to be Raised to one Lakh, KVP discontinued, Increase in interest rate of PPF, NSC, MIS, POSA
- Railway Minister Announces Fresh Measures to Prevent Misuse of Tatkal Travel Scheme
- New Notification for Movies, TV Programmes Displaying Tobacco Products Comes into Effect from 14.11.2011
- MCA Initiatives to Simplify Procedures under Companies Act,1956 & LLP Act, 2008
- Over 15000 Tax Disputes Involving Over 1.35 Lakhs Tax Proceedings Settled by Income Tax Settlement Commission
- Master Circular on Cost Accounting Records and Cost Audit
- Section 263 – CIT is empowered to modify the assessment order passed by AO in case, the order is found to be erroneous and prejudicial to the interest of revenue
- How to interpret Export of Services?
- Interest Rates on Post office Saving Account, Deposit, RD, SCSS, MIS, NSC and PPF to increase soon
- No Commission to Post Office Agents on PPF, SCSS & reduced in other Schemes
- ICAI to conduct Computer based Mock Common Proficiency Test (CPT)
- Last Date for Filing Financial Statements in XBRL Format for F.Y. 2010-11
- Bangalore Income Tax department, Central Processing Center (CPC) Helpline Number
- Customs – Regarding Location of Foreign Exchange Counters at International airport
- OECD releases a discussion draft on the definition of ‘permanent establishment’ in the OECD Model Tax Convention; CBDT invite Comments
- Convergence of Mobile Banking, Financial Inclusion and Consumer Protection-Trend
- SEBI allows Mutual Funds to participate in repo corporate debt securities
- Customs duty exemption extended to least developed countries amongst the SAARC countries
- The Search-Cum-Selection committee for the post of Director General and Chief Executive Officer (DG&CEO) in the Indian Institute of Corporate Affairs (IICA)
- Railway Minister Announces Implementation of 26 New Trains
- RRBs – Collection of Account Payee Cheques – Prohibition on Crediting Proceeds to Third Party Account
- No Proposal to Relax Ban on Sex Determination
- DGFT – Modification of ANF2A of Handbook of Procedures, Vol. I, 2009-2014 – Application form for IEC
- IRDA issues guidelines for pension products
- EPF dues from a company under liquidation has to get priority – SC
- Director can’t be held liable for all wrongs in a company – Supreme Court
- Arbitral Proceeding can be initiated even after accepting payment on the preparation of the final bill
- S&P upgrades rating of Indian Banking sector – Differ with Moody downgrade
- Amendment in Employees’ Pension Scheme, 1995 and in Employees’ Deposit Linked Insurance Scheme, 1976 for submission of E-returns
- Regulation 8(4) and (5) of Regulation 2007 of NAAC are mandatory to complied with by all Institution to implement any new course – SC
- Swiss probe 4 banks over handling of dictator cash
- No Court shall make any such order for the payment of an amount exceeding three thousand rupees or exceeding the limits of it pecuniary jurisdiction, whichever amount is less u/s. 35A of the Code of Civil Procedure, 1908
- CBEC Chairman’s Message to officers and staff
- Special Court – Transactions in Securities – Sale of Shares – Ashiwin S. Mehta & ANR. Vs. Union of India & Others- Supreme Court
- Kar Vivad Samadhan not applicable to cases where Notice issued after 31.03.1998 – SC
- LLP to file the Statement of Account and Solvency in Form 8 within a period of sixty days from the end of six months of the financial year
- Scheme of 1% interest subvention on housing loans upto Rs. 10 lakh extended up to March 31, 2012
- UCBs – KYC Norms – While opening accounts based on Aadhaar also, banks must obtain current address proof
- CBI arrests Provident Fund Commissioner in Bribery Case
- Competition Appellate Tribuna stays Rs. 630 crore penalty on DLF by CCI
- Regarding Clearance of goods from Custom Bonded warehouses utilizing duty credit scrips of SFIS, VKGUY, FMS, FPS, SHIS
- Non pecuniary damages also to be calculated in case of petition filed u/s. 166 of Motor Vehicles Act 1988 and compensation amount can exceed the claimed amount – SC
- Prevention of Money Laundering Act, 2002 (PMLA) and Rules thereunder -Reporting of CTR,STR etc to FIU-India– Reporting Format under Project FINnet
- Deduction U/s. 80IB on income declared during the survey not available if Assessee fail to prove that same is generated from/derived from the industrial undertaking
- Govt. charging more then Rs. 25 per litre as taxes on Petrol
- Receipts on account of tender form and recovery of house accommodation and furniture & fixture provided with house accommodation are of capital nature.
- Draft Code of Conduct for Chartered Accountancy Students
- Gearing up for the Competitive Impulse in the Indian Banking in its defining decade
- Export Grows 10.8% in October at US $ 19.9 Billion: Commerce Secretary
- Review of the policy on Foreign Direct Investment in pharmaceuticals sectorinsertion of a new paragraph 6.2.25 to ‘Circular 2 of 2011-Consolidated FDI Policy
- Authorizations issued by DGFT not transmitted by message exchange to Customs to be registered / operated on production of physical copy of authorization only
- Clarification on applicability of exchange rate for the purpose of calculation for composition fee
- Suggestions from the Industry and Trade Associations for Budget 2012-13 regarding changes in direct and indirect taxes
- Press release regarding Vigilance Awareness Week (31st October to 5th November, 2011) organized by CBEC
- ICWAI President Communiqué November, 2011
- Gross direct tax collection during April-October of the current fiscal was up by 20.28 percent
- Netherlands Delegation Calls on Shri R.P.N. Singh; Issues of Bilateral Interest Discussed during the Meeting
- CCI (General) Amendment Regulations, 2011 – Amendment in Regulations 2 and 21
- Deduction u/s. 80HHC allowed for interest on F.D. used to avail LC Facility if it have direct nexus with export business
- Expenditure on ‘Application Software’ is revenue – Delhi High Court
- CA attacks BSP Secretary and Builder with chopper
- Development of customized software is not works contract and hence not subject to levy of VAT under Karnataka Value Added Tax Act, 2003
- Registration Process under Punjab VAT Act, 2005 needs to be changed?
- Assessee’s AO cannot question Creditor’s Income Tax Return instead he should inquire with creditor’s AO
- Deduction u/s. 80HHE has to be worked out on the basis of adjusted book profit under Section 115JA and not on the basis of the profits computed under regular provisions of law – SC
- Ex students of St. Stephens College may form an alumnus association but may not use Name of St. Stephens
- Merely because the benefit under the notification was not claimed before the original Adjudicating Authority is no ground for denying benefit under the notification if the assessee is otherwise entitled to the same
- TDS U/s 194-J deductible on ‘Transaction charges’ paid to BSE is as it is ‘fees for technical services’
- Evolution and Development of Industrial Policy
- Press Note No. 2 (2011 Series) National Manufacturing Policy
- CBEC issues press-note regarding appointment of new Chairman-CBEC
- National Manufacturing Policy
- Exposure Draft of Indian Accounting Standard (Ind AS) 113 Fair Value Measurement
- Banks to issue demand drafts of Rs. 20,000/- and above with account payee crossing only
- Bank will not make payment of cheques/drafts/pay orders/banker’s cheques if they are presented beyond the period of three months from the date of such instrument w.e.f. 01.04.2012
- RBI liberalises FDI rules related to transfer of shares
- Satyam Scam – SC grants bail to B. Ramalinga Raju and his brother B. Rama Raju
- Gujarat government decides to simplify the VAT (Value Added Tax) registration procedure
- Replacement of parts of an existing machinery in the course of their working will be a revenue expenditure
- Assessee can set off brought forward losses even if he do not file the return of subsequent years within time required u/s.139(1)
- Altered Will Must be Signed by Testator – SC
- RBI advised banks to issue Passbooks to Savings Bank Accountholders (Individuals)
- Repayment of Term/Fixed Deposits in banks opened with operating instructions ‘Either or Survivor’ or with ‘Former or Survivor’
- ICAI’s reply to RTI application filed regarding ‘Empanelment for Centralised Allotment of Tax Audit’
- India pitching for consensus among G-20 nations on sharing of tax and banking information with retrospective effect
- Penalty for concealment of Income can not leviable for Voluntary disclosure of Income after receipt of questionnaire in the absence of any detection or information in possession of the Revenue
- Travel Without E-Ticket Printout but with Copy on Laptop, Mobile etc. is acceptable by Railways
- Two Income Tax officers suspended from service on graft charges
- Women Chartered Accountant’s Diamond Jubilee Conference at Pune
- Gross direct tax collection up by 20.28 per cent during April-October 2011
- Varun Gandhi files RTI to get info on MPs and other people having swiss bank account
- Govt likely to make it mandatory for all micro-finance institutions to be registered with RBI
- CBEC Observes Vigilance Awareness Week
- Union Finance Minister , Shri Pranab Mukherjee’s Speech at the Ninth India today Chief Minister’s Conclave
- Collection of Account Payee Cheques by co-operative credit societies- Prohibition and Relaxations on Crediting Proceeds to Third Party Account
- Interest subvention on pre-shipment and post-shipment rupee export credit is extended from April 1, 2011 to March 31, 2012
- Singapore-Spain Avoidance of Double Taxation Agreement To Come Into Force
- Exports of 68 services may get service tax refund
- Perquisites are not chargeable to tax if cost of education dose not exceed Rs.1000 per child per child under the proviso to Rule3(5) of the Income Tax Rules, 196
- Foreign investment in India by SEBI registered FIIs in other securities
- Applicability of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 in ICSI exams
- Need to Increase Trade Facilitation in Customs – FM
- MVAT – Due date for submission of refund application in form 501 for the year 2009-10 extended to 31st December 2011
- Facility of self E-updation of profile to all the dealers in Punjab is provided till 25th November, 2011
- Writ petition filed before the issued of show cause notice to the petitioner in respect of the service tax liable to be paid by it is premature and liable to be dismissed
- Penalty under Sections 76 and 78 are mutually exclusive and could not be imposed simultaneously
- Canteen services which are indispensable in relation to manufacture of the final products would fall within the ambit of input service
- Service Tax – Laying of pipeline for drinking water – Show Cause Notice Challenged – Not an indiscriminate notice without application of mind – Adjudicating Authority should decide
- Income Tax Department raid on premises of Raymond tycoon Gautam Singhania
- Sales tax deferment scheme under Tamilnadu General Sales Tax Act, 1959 – Whether the deferment is admissible from the base production volume or base sales volume?
- Disputes between PSUs and Government – No more Committee on Disputes (COD)
- Central Excise – Show Cause Notice issued within five years from the date of knowledge of the Department is valid
- Service Tax on Commercial Training or Coaching Service – In view of insertion of explanation in section 65 (105)(zzc) w.e.f 01.07.2003, Tribunal decision liable to be set aside
- Service Tax on Renting of buses to UPSRTC can be challenged by aggrieved party onlt – SC
- Section 35(1)(ii) of the Income-tax Act, 1961 – Scientific research expenditure – Approved scientific research associations/institutions – Institute of Seismological Research (ISR), Gandhinagar
- Collecting entry fee at airport on behalf of AAI amounts to taxable service – SC
- Supply of Vessels to ONGC not covered under Mining Service – SC
- Right to Service – ‘Citizens Right to Grievance Redress Bill, 2011′ – Draft Bill – Comments invited by 23rd Nov 2011
- Oil Companies hiked Petrol by Rs 1.80 a litre to offset the fall in rupee
- Kejriwal clears I-T dues of Rs 9.27 lakh under protest
- Guidelines on Commercial Real Estate (CRE)
- FEMA – Section 43 of the Foreign Contribution (Regulation) Act, 2010 – Investigation into cases under the Act – Notified authorities for investigation of offences punishable under the Act
- FEMA – Section 40 of the Foreign Contribution (Regulation) Act, 2010 – Bar on prosecution of offences under the Act – Officers authorized for according previous sanction
- Service tax on Architect’s Services
- Service tax – Airport services
- RBI issues Comprehensive Guidelines on Derivatives – Modifications
- Service tax – Air travel agent’s services
- Service tax Provisions on ‘Advertisement-Sale of Space or Time Services’
- Conference of CVOs Organized by Department of Financial Services, Ministry of Finance
- Task Force on an IT Strategy for PDS Submits Report to Finance Minister
- Advertising Agency Service- Brief, Tax Rate, Accounting code, Classification, Valuation and all other details
- ICAI-Rules and Procedures for obtaining opinion from Expert Advisory Committee
- Petrol may cost you more soon – Oil Companies Considering hike in petrol prices
- No Sales Tax on SIM cards – pre-paid and post-paid; recharge coupons; value added services – Andhra Pradesh High Court
- FEMA – Memorandum of Instructions governing money changing activities
- Relaxation in period to realise export proceeds from Export of Goods and Software
- Deferred Payment Protocols between Government of India and erstwhile USSR – A.P. (DIR Series) Circular No. 39
- TRAI extends limit to 200 sms per day
- Income Tax Officer and His Wife Sentenced In a Disproportionate Assets Case
- Grant of DEPB against free Shipping Bills converted by the Customs Authorities
- Official amendments to the Prasar Bharati (Broadcasting Corporation of India) Amendment Bill, 2010
- CBDT Issues Clarification Regarding Investigations Relating to Banking Information from Overseas
- China the Question of Necessity and Not Choices
- Income Tax Slab from Assessment year 2001-2002 to A.Y. 2012-2013
- Govt introduces new PAN form for non-residents
- Corrigendum to Circular 2 Of 2011 – Consolidated FDI Policy
- SEZ – Section 4 Of The Special Economic Zones Act, 2005 – Calica Constructions And Impex Pvt. Ltd.
- Income Tax notification Notifying Amendment in Form No. 49A and 49AA
- Changes in due dates for filing Form No. 24Q/26Q where deductor is Govt. office
- Revenue department opposed abolition of Securities Transaction Tax (STT)
- S.K.Goel Takes Over as Chairman, Central Board of Excise and Customs (CBEC)
- European Banks Still Need Rescue
- FM Inaugurates Government’s E-Payment System
- Interest Rates – Party Spoiler
- Where the assessee discloses all the facts truly, no penalty can be levied for concealment of income – Bombay HC
- Revision in Limits of Housing Loans and Repayment Period – Second Quarter Review of Monetary Policy 2011-12
- ICAI – President’s Message – November 2011
- Government Considering Raising FDI Limit in Single Brand Retail
- Instructions regarding Power of adjudication of Central Excise Officers
- Amendment in notifications specifying all Industry Rates of Duty Drawback, 2011-12
- MCA withdrawn draft of Companies (Dematerialization of Certificates) Rules, 2011
- ICAI invites comments /suggestions on Discussion paper on Tax accounting Standards released by CBDT
- Amendments in the Reward/Incentive Schemes of Chapter 3 of FTP 2009-14:- Notification of Table-8 under Appendix 37D of Handbook of Procedure Vol.1
- The Status Holders shall also be eligible for the Status Holders Incentive Scrip on exports made during 2012-2013
- DGFT permits export of 1053.625 MTs of Casein and Casein products already manufactured on or before 18.02.2011
- Amendment in chapter 2 of ITC(HS) relating to export of meat
- Amendment in Notification No. 36/2001-Customs(N.T) dated the 3rd August 2001 related to tariff value of Crude Palm Oil, RBD Palm Oil etc
- DPIN will be treated as DIN
- Exemption for export of excise verified stock of 1053. 625 MTs of casein and casein products manufactured prior to imposition of ban on export of milk products i.e. 18.02.2011
- Banks’ Exposure to Capital Market – Issue of Irrevocable Payment Commitments (IPCs) – Circular No. DBOD.Dir.BC. 43 /13.03.00/2011-12
- Young Lawyers with no privileged background – an advice?
- ICSI – Briefs of professional or other misconduct cases
- No disallowance U/s. 40(a)(ia) of expenses for short-deduction of TDS
- Saving Bank Interest Rate Deregulation – An End to ‘Lazy Banking’?
- Minimum Wages and Dearness Allowance w.e.f. 01.10.2011
- Cabinet defers decision on Companies Bill 2011
- RBI seeks Feedback on ToR for Nair Committee on Priority Sector Lending
- Important message on Annual Return Filing due date
- Download Updated Form No. 49A in Excel Format
- Draft Circular on Refunds in Service Tax ; Problems faced by exporters in availing refund of excess credit
- CBI Arrests an Assistant PF Commissioner, Enforcement Officer and a Supdt. of Central Excise in Separate Bribery Cases
- No interest levy despite short deduction of taxes if reasons are bona fide and the shortfall is nominal
- Supply of goods to offshore installations i.e. Exclusive Economic Zone (EEZ) will not be subject to sales tax, especially Central Sales Tax, since EEZ does not form part of the territory of India
- Transfers & Postings of Commissioners & Directors of Income-tax – Order No. 176 of 2011
- Government E-Payment System to be Inaugurated; will Bring Transparency; Facilitate Paperless Transaction and Reduce Overall Transaction Cost
- RBI asks NBFCs to take step to Implement Green Initiative
- KYC Guidelines – AML Standards -Prevention of Money Laundering Act, 2002 – Obligations of NBFCs – Revised Reporting Format
- Amends Notification No.68/2011-Customs(N.T.) dated the 22nd September related to changes in all Industry Rates of Duty Drawback, 2011-12
- Rate of exchange of conversion of each of the foreign currency with effect from 1st November, 2011
- Transfer Pricing – Excess Earnings Method (EEM), is appropriate method to determine arm’s length price of transaction of sale of Intangible Property and the method construes Comparable Uncontrolled Price (CUP) method
- Markup on costs incurred is not an arm’s length remuneration for sourcing support service and the taxpayer should be compensated on the basis of value of the goods sourced through it
- Right to exercise an option is a capital asset and gains arising on sale are ‘long term capital gains’ if such right is held for more than three years
- Advance Ruling on settlement amount receivable by Upaid Systems Limited from Satyam Computer Services Ltd.
- Appointment of IRS Officers as Joint Commissioners of Income-tax – ORDER NO. 175 OF 2011
- IASB proposes an amendment to the accounting for government loans in IFRS 1
- IASB clarifies accounting for costs associated with waste removal in surface mining
- Insurers get more say in motor accident tribunals – SC
- European Banks – The Repeat of History
- Transfer Pricing – No Penalty U/s. 271G for failure to respond to ‘omnibus’ notice
- Enhancement in the features provided under TAN account by NSDL
- Yes Bank raises savings deposit rate to 6%
- SEBI issues Concept Paper on Regulation of Investment Advisors
- ‘In-person’ verification (IPV) of clients by subsidiaries of stock exchanges, acting as stock brokers
- 1% interest rebate on home loans upto Rs. 15 Lakhs provided cost of house not exceed Rs. 25 Lakh
- Second Quarter Review of Monetary Policy for 2011-12 Press Statement by Dr. D. Subbarao, Governor
- Second Quarter Review of Monetary Policy 2011-12
- NCM to take up with parliamentary committee proposal to tax donations in Direct Tax Code Bill
- Request for Proposal (RFP) Appointment of reputed Chartered Accountant firms For Providing Internal Audit Services to PNB Housing Finance Ltd.
- Empanelment with RailTel Corporation of India Ltd. for Appointment of Internal Auditors
- RBI deregulated savings bank deposit interest rate with immediate effect
- RBI increases Repo, Reverse Repo and Marginal Standing Facility Rates by 25 bps under Liquidity Adjustment Facility
- RBI increases repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points to 8.50 per cent
- Monetary Policy Announcements would help in getting us back to a more Comfortable Inflation Situation soon – FM
- Implementation of bar coding on tertiary packing of consignments of pharmaceuticals and drugs for export with effect from 01.10.2011
- ICAI – Empanelment as a Technical Reviewer with the Quality Review Board
- Memorandum of Instructions governing money changing activities- Location of Forex Counters in International Airports in India
- Empanelment of CA/ICWA for Special audit of Service Tax assessees
- ‘Input Tax Credit’ Under the Punjab Value Added Tax Act, 2005
- Liability of revenue to pay interest u/s. 11BB commences from date of expiry of three months from date of receipt of application for refund not on expiry of said period from date on which order of refund is made – SC
- PAN Form 49AA for For Foreign resident/non-resident Individual, LLP, Company, Firm, AOP, BOI
- Income Tax Department set up special cell to track taxpayers who are ‘untraceable’ or have reported inadequate assets to pay back tax demands
- No lawyer, No hearing, No appeal; Court should not decide a criminal case against the accused in the absence of his counsel -SC
- What was wrong if I recorded your guilt in advance – Judge
- LLP – Reminder for filing Form 8 and Form 11
- ORDER NO. 174 OF 2011- Ad. VI.(Promotion and transfer/posting of CCITs)
- Reporting format under Regulation 11 of Securities Contracts (Regulation) (Manner of Increasing and Maintaining Public Shareholding in Recognised Stock Exchanges) Regulations, 2006
- Potato chips classifiable as processed vegetable and taxable at the rate of 4%
- India-Nepal DTAA to be expedited – FM
- Kamal Nath directs DDA to examine latest SC order on General Power of Attorney issue
- Union Finance Minister Shri Pranab Mukherjee’s Address at the National Development Council Meeting
- CBI arrests ITO and CA in Bribery Case
- Need for Better Co-Ordination Between Monetary and Fiscal Policies for Improving Overall Economic Stability and Growth – FM
- Service Tax – Revenue Department takes notice of 9 lakh entities stop filing returns
- Address delivered by the Chairman, CBEC at the valedictory function for workshop on capacity building for ‘SEVOTTAM’
- Regarding Commercial construction/infrastructure development projects of road, airports, dams, tunnels etc, – levy of service tax on various service providers engaged / associated with such construction work
- Regarding Implementation of ‘On Site Post Clearance Audit’
- Regarding levy of anti-dumping duty on MBTS in pursuance to suset Review investigation
- Conditions for issue of import licenses of Rough Marble Blocks for the balance quantity for Financial year 2011-12
- Regarding Eligibility of export product ‘Technical Textiles’ listed at FPS Product Code 33, Table-4, Appendix 37D of HBPv1
- National Savings Certificates (VIII Issue) Amendment Rules, 2011 – Amendment in rule 15A
- Kisan Vikas Patra (Amendment) Rules, 2011 – Amendment in rule 13A
- Post Office Time Deposit (Amendment) Rules, 2011 – Amendment in rule 9
- Post Office (Monthly Income Account) Amendment Rules, 2011 – Amendment in rule 9A – NOTIFICATION NO. G.S.R. 741(E)
- Post Office Recurring Deposit (Amendment) Rules, 2011 – Amendment in rules 6, 9, 9A and 11
- No Pre-payment penalty on pre-closure of housing loans from Housing Finance Companies
- Procedure for Download of Form 16A TDS Certificate
- Role of Foreign Investment Promotion Board (FIPB)
- Instructions for expeditious processing of drawback claims u/s. 74 and 75 and ‘identification of goods’ and ‘determination of use’ under Section 74 of the Customs Act,1962
- CBDT Makes Discussion Paper on Tax Accounting Standards Public
- Observance of Vigilance Awareness Week as ‘Grievance Redressal Week’
- VAT Cir – 14T of 2011 – Waiver in respect of penalty and interest imposed on the sales made by Handmade Soap manufacturers for the period of 1st April 2005 to 31st March 2010
- NHB advised housing Finance companies to charge Uniform interest (floating rate basis) for old and new customers
- Clarification on “Completion of Service” where service providers are unable to issue invoices within 14 days of completion of service
- Addition under section 68 not permissible when the advances are received by account payee cheques and interest and shares have been paid and allotted against these advances
- Govt. issues National Public Private Partnership (PPP) Policy – 2011
- Ashok Chawla takes oath as New Chairman of Competition Commission of India (CCI)
- Introduction of Credit Default Swaps for Corporate Bonds – Date for Operationalisation Changed
- Income Tax department to make names of defaulters owing over Rs 10 crore public
- Service Tax Return Filing due date extended
- SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (The Regulations)
- Exposure Draft of Amendments to Indian Accounting Standard (Ind AS) 107 Financial Instruments – Disclosures
- Exposure Draft of Amendments to Indian Accounting Standard (Ind AS) 1 Presentation of Financial Statements
- Exposure Draft of Amendments to Indian Accounting Standard (Ind AS) 101 First-Time Adoption of Indian Accounting Standards
- New Range of Central excise in Ernakulam
- Service Tax (Fifth Amendment) Rules, 2011 – Amendment in rules 4 & 7 and Form ST-3
- ICAI – All about Conversion from PCC to IPCC
- Due date for filing Service Tax Return (ST-3) may be extended to 26.12.2011
- Understanding TDS Provisions with Latest Case Laws – Part – II
- Provisions of section 194C will not apply in a case where the invoices clearly show that sales tax and excise duty were collected on the supply of materials by the vendors
- When the assessee-society acts as an intermediate between the company and the members of the society, and the fact that there is no relationship between the assessee and its members as contractor and contractee, section 194C does not get attracted and no disallowance could be made u/s 40(a)(ia)
- Tips To Spend and Invest In Festive Season
- Whether the penalty can be levied u/s 271D / 271E for the amount received and repaid in cash in the hands of the assessee company though as per the statement of the lender the amount was given to and repaid by the directors in their individual capacity
- Onus to prove under-valuation is on revenue but once revenue discharges burden of proof by producing evidence of contemporaneous imports at higher price, onus shifts to importer to establish that price indicated in invoice relied upon by him is correct – SC
- When the assessee has received Form 15I from the payee and no deduction is made on that basis, no disallowance can be made u/s 194C only for the reason that the forms were not submitted in time before the jurisdictional CIT
- Finance Minister’s Address at EEC – 2011
- Whether for the purpose of determining the applicability of section 47, the condition for wholly-owned subsidiary is to be seen on the last date of financial year and explanation 6 to section 43(1) is not applicable?
- Repatriation of income and sale proceeds of assets held abroad by NRIs who have returned to India for permanent settlement/acquired abroad through remittances under LRS – Clarification
- RBI permits opening of [FCNR(B)] account in any freely convertible currency
- RBI notifies Credit Default Swap as derivative under Reserve Bank of India Act, 1934
- Identifying Systemic Risk in Global Markets – Lessons learned from the crisis
- Whether, for computation of capital gains on land sold by NRI, the fair market value of the land is to be reckoned with rather than the full value of the consideration received
- Deduction u/s.80IB not available on Duty drawback and DEPB receipts
- SC issues notice to UP govt on granting tax exemption to Formula 1 event
- Goods Transport OPERATORS? – Update ACES
- Information furnished to I-T not come under fiduciary relationship and cannot be denied to an RTI applicant
- Companies need not maintain 2 set of book of account
- Peak Filing of Balance Sheet and Annual Return under the Companies Act, 1956
- Announcement for the Corporate Affairs Standards – The need of the hour
- Tax deduction at source on the deposits in banks in the name of the Registrar/Prothonotary and Senior Master attached to the Supreme Court/ High Court etc during the pendency of litigation of claim/compensation
- Report of Task Force on Transaction Cost in Exports
- FM to Inaugurate Economic Editors’ Conference Tomorrow
- Announcement Regarding Compliance with Paragraphs 61 and 62 of the Standard on Review Engagements (SRE) 2410
- Inclusion of Credit under Kisan Credit Card (KCC) under direct financing for Agriculture
- When assessee follows project completion method as per AS-7, it is entitled to set off receipts from sale of TDR against costs of work-in-progress and such amount taxable in the year of receipt
- Failure of the AO to consider the applicability of the provisions of book profit, renders the assessment erroneous and prejudicial to the interest of revenue
- Deduction u/s 80IA and 80HHC are to be calculated independently on the eligible profits
- SC asks retailers to pay 50% of outstanding service tax
- Penalty U/s. 271(1)(c) can not be imposed Without AO’s Finding on ‘Inaccurate Particulars’
- Person facing criminal cases cannot be considered suitable for appointment in government service – Supreme Court
- CBDT releases discussion Paper on Tax Accounting Standards (Tax Accounting for Construction Contracts and Government Grants)
- India and Philippines to Sign DTAA Soon – FM
- MCA in favour of introducing a corporate governance index
- DGFT – Import of Radioimmunoassay kits (Medical equipments containing radioactive isotopes)
- Taxation of Works Contract Services under Service Tax
- SBI to accept VAT payment from dealers filing half yearly returns in Maharashtra and to remit online to state Govt.
- DGFT simplifies Procedure for sale or transfer of imported firearms and prior permission from DGFT is dispensed with in respect of some categories
- DGFT allows import of ‘Liquid Paraffin’ as an alternate input for manufacture of certain export products in Plastic Product Group
- KYC – Letter issued by UIDAI containing details of name, address and Aadhaar number
- If assessee has not furnished the correct particulars of his income, penalty u/s 271(1)(c) can be levied on the ground that there was mensrea involved
- Assessee is entitled to deduction for society charges for the property given on rent
- Revisional power under Section 263 of the Act cannot be exercised even if there is inadequate enquiry on the part of AO
- Scrap not generated out of manufacturing activities carried out by assessee-Whether tax deductible under section 206C
- Loss of investment not allowable as business loss and for claiming an amount as bad debt conditions specified in section 36(2)(i) are required to be fulfilled
- AO based on the report of the Inspector without giving an opportunity to the assessee to explain the alleged information, is not correct
- Disallowance on the ground that the assessee has diverted interest bearing funds into tax-free income can not be made where the assessee owes ample interest free funds on the date of investment
- Interest under section 234C not leviable where the cheques were deposited in time but encashed after due dates
- Retraction of statement cannot be made even without any strong supporting evidence and mere mention of ill health not sufficient to disprove the contents of nine month old statement
- Govt committed to make RTI more effective – PM
- RBI raises per transaction limit to 3,000 USD for exporters, Paypal transaction limit too increased
- CBDT to focus on high profit-making segments of the economy to achieve tax collection target
- States to impose VAT on textiles and sugar next year onwards
- Nature of expenditure does not change due to the treatment of the same in the books of account
- Payment of statutory liabilities/miscellaneous expenses, etc made by the assessee to the C & F agency not covered u/s 194C
- HC rules on the meaning of full value when assets attached with liabilities are received by shareholders as proceeds from liquidation
- Section 40 (a) (ia) applies even in respect of amount paid and not merely payable to the contractors and therefore CIT (A) was justified in confirming disallowances under section 40 (a) (ia) as the assessee had failed to deduct tax under section 194C
- Stamp duty paid during the course of amalgamation and compensation paid to employees under VRS scheme is deductible as revenue expense
- Disallowance u/s. 14A cannot exceed exempt income, No S. 14A Disallowance in the absence of nexus between exempt Income and Interest Cost
- Assessee not eligible for deduction u/s. 80RRA if the technical services provided by the assessee are not approved by the Govt.
- Payment made by the assessee to the society as society maintenance expenses are not covered under section 194C
- Assessee not eligible for deduction u/s 80IB on the amount disallowed by AO due to delayed payment of employee’s contribution of P.F
- When assessee has given his address in the e-return and the AO has also given TDS credit on the same, AO is not right in serving notice u/s 143(2) by affixting the same on some other address
- Under project completion method entire project as a whole is to be seen and hence transfer of some flats via registration is not conclusive of the year in which the income attributable to the project is to be taxed
- Merely because the said liability is more than 5 years old does not mean that there is a cessation or remission of the liability in view of the provisions of section 41(1) of the Act
- Expenses incurred for maintenance of building structure owned by the assessee and for the safety of the employees is revenue in nature
- Eligibility for exemption under section 54B in respect of amount invested in agricultural land against gain from sale of agricultural land
- Prior scrutiny of accounts before referring them for special audit is sine qua-non and if the same has not been done the direction for special audit is bad in law and hence assessment framed becomes nullity
- Hire charges received on account of hiring of the motor-cars, office equipment, computer, furniture and fixture is business income- ITAT Mumbai
- In view of the provisions of section 112 where there are several transactions of sale and purchase of securities, the discretion to take the benefit of indexation lies with assessee
- When the disputed issue is decided by the Apex Court, the proceeding initiated u/s 263, against the deduction wrongly claimed by the assessee and allowed by the AO, cannot be said to be an invalid stating that there were two opinions available
- Expenses reimbursed to recreation clubs and staff clubs of employees are revenue in nature
- To qualify as agricultural income, it is necessary for an operation to be carried on soil
- MCA advises to file ROC return before Diwali
- MCA releases XBRL Validation Tool with enhancements
- Rate hike looms as Sept inflation stays high at 9.72%
- PM to hold meet over high inflation today
- Govt. Announces Sops / Incentives for the Textiles Industry
- Aluminium conductors (wires) used for transmission of power from one point to another, are not electrical goods –
- Difference between Tax Invoice and Retail Invoice
- Sale of immovable property only through registered deeds, Power of attorney sales not valid – SC
- Assessee is entitled to depreciation on Wind Electric Generators from the date on which it was installed and commissioned
- If AO has not applied his mind while passing the order and did not call for the required details for completing the assessment, initiation of proceedings u/s 263 in such circumstances is valid
- No addition can be made for the difference in the receipts as per TDS certificate and as per the books of account when the difference is on account of service tax
- Service Tax – Retailers Association of India vs. Union of India & Ors. (Supreme Court)
- Marketing board is not local authority within the meaning of section 10(20) prior to the amendment in section
- When the assessee successfully explains the source of share application money, the additions made u/s 68 are not sustainable
- The assessee shall be entitled to admissible business expenses from the day when the business was ready to commence and not from the date of actual commencement of the business,
- S. 50C -Fair Market Value assessed by DVO to be adopted even if its lower than stamp duty valuation
- Income from commission is business income, not income from other sources
- Supply of food and beverage, in sealed containers to international airlines leaving India, amounts to exports within the meaning of Sec 80HHC
- When assessee reverses a unilateral write back of dues payable to a vendor to its P & L account, the liability is to be treated as contingent liability
- Different business of the assessee can not be considered separately for the purpose of calculating the deductions under Section 80 HHC of the Act
- Sharing of office premises among the concerns is permissible when only one concern claims the deduction
- Receipts from activities not having direct nexus with shipping/dredging activities not exempt under tonnage tax scheme
- When the assessee did not claim the additional depreciation in the return of income, it cannot be denied merely on such basis
- Transfer Pricing – Initial burden is upon the assessee to prove the reasonableness of the method followed by the assessee-company
- Value of TDR and the value of fully constructed industrial building can not stand on equal footing – ITAT Mumbai
- Bar u/s 205 comes into force only after it is proved that TDS was deducted at source – ITAT Mumbai
- Expenses incurred on account of premature vacation of leased premises and on construction of temporary structures of leased premises are business expenditure
- When the assessee has sufficient own funds, no disallowance can be made for the interest paid on borrowed funds, for the amount given on loan as interest free
- Whether when assessee provides software services, expenses incurred on development of software are revenue ?
- CBDT not given direction for targeting anyone for political reason
- Selling and publicity expenses can be disallowed merely on the basis of statement of an auditor – ITAT Hyderabad
- Composite consideration for share transfer and non-compete cannot be split up to tax non compete separately – ITAT Mumbai
- Inclusion in the Second Schedule to the Reserve Bank of India Act, 1934 – Rabobank International (Coöperatieve Centrale Raiffeisen – Boerenleenbank B.A.)
- Processing and Settlement of Export related receipts facilitated by Online Payment Gateways – Enhancement of the value of transaction
- Exim Bank’s Line of Credit of USD 27.50 million to the Government of the Republic of Senegal – A.P. (DIR Series) Circular No. 34
- Separate non-compete receipt in addition to share transfer taxable as business income – ITAT Mumbai
- Export of goods imported under reward schemes and DEPB – Re-credit of duty
- Amends Notification No. 36/2001-Customs(N.T) dated the 3rd August 2001 vide Notification No. 73/2011 – Customs (N. T.)
- Notification No. 97 /2011 – Customs – Amends Notification No. 21/2002-Customs, dated the 1st March, 2002
- Companies eligible for shifting from Trade for Trade Settlement (TFTS) to normal Rolling Settlement – SEBI Circular No. CIR/MRD/DP/11 /2011
- Corporate guarantee provided to associated enterprises is not an international transaction
- Financial Inclusion and Banks – Issues and Perspectives
- Hindu woman entitled to equal property rights and Liabilities in the property of HUF – SC
- Whether the metal scrap or waste generated whilst repairing of worn out machineries or parts of cement manufacturing plant amounts to manufacture, and thereby, is excisable to excise duty?
- Highlights of Annual Supplement to FTP 2009-2014 (New Benefit Scheme for Exporters and changes in existing shcemes))
- Validity of Online Service Tax Return without signature
- AO cannot apply Rule 8D without recording any satisfaction as to how the assessee’s calculation of s. 14A disallowance was incorrect
- Working hours of the Articled Assistants doing CA – ICAI
- Filing of Balance Sheet and P&L Account in XBRL
- FM to raise the Issue of Exchange of Information Among the Countries Concerned to Fight Against the Menace of Blackmoney and Terror Financing
- Income Tax Department starts scrutiny of high value transactions
- Proposal to bring India Infrastructure Finance Company Ltd. under regulatory oversight of RBI approved
- Export Grows 52% in April- September 2011 at US $ 160 Billion – Commerce Secretary
- Income Tax Dept. raids Indore businessmen, detects tax evasion of Rs 21 cr
- Enforcement of Security Interest and Recovery of Debts Laws (Amendment) Bill, 2011 approved
- IIP, inflation to decide RBI move
- RBI turns heat on banks to check bad loans
- Industrial growth slows to 4.1% in August
- Seeks to amend notifications no. 67/2006-Cus, 68/2006-Cus (both dated 30.06.2006) and 85/2011-Cus dated 06.09.2011 so as to include Afghanistan as one of the beneficiary countries under SAFTA
- Satyam fraud case – SC grants bail to Four Emplyees and one Auditor
- DGFT – Amendments in the Reward/Incentive Schemes of Chapter 3 of FTP 2009-14:- Appendix 37A, Appendix 37C and Appendix 37D of Handbook of Procedure Vol.1
- DGFT – Regional Authorities (RAs) can now allow clubbing of Advance Authorisations
- DGFT – ‘On-line’ message exchange of Duty Free Import Authorization (DFIA) between DGFT and Customs
- DGFT – Amendments in Para 3.14.2 and Para 3.15.2 of Foreign Trade Policy 2009-14
- Guidelines on IRDA (Treatment of Discontinued Linked Insurance Policies) Regulations, 2010
- Inclusion of Credit under KCC under direct financing for Agriculture
- Prudential Guidelines on Capital Adequacy and Market Discipline – New Capital Adequacy Framework (NCAF) – Revision of Rating Symbols and Definitions ofCredit Rating Agencies
- Know your Customer Norms – Letter issued by Unique Identification Authority of India (UIDAI) containing details of name, address and Aadhaar number
- XBRL eForms (Form 23AC-XBRL and Form 23ACA-XBRL) FAQs
- Steps for eFiling of XBRL documents
- Company Law Board (Amendment) Regulations, 2011 – Amendment in regulation 29
- RBI can not discontinue service of auditor on the complain of bank without fair and proper enquiry – Delhi HC
- Despite high volume & short holding period, shares gain is STCG – Bombay HC
- Company Law – Intercorporate Loans and Investments under section 372A
- Format of Limited Review Report For Companies Other Than Banks
- Declaration of Dividend out of Reserves and Transfer of Profits to Reserves Rules
- CBI registers case against excise officer
- Provisions Related to Acceptance of Deposit by Companies U/s. 58A r.w. Companies (Acceptance of Deposits) Rules, 1975
- ICAI Guidance Note on Certification of XBRL Financial Statements
- Provisions of Micro, Small and Medium Enterprises Development Act 2006 including tax provisions in respect of interest
- Vacancy in Posts of Member, Settlement Commission (Income Tax / Wealth Tax)
- Chief Justice of India Releases Restatements of Indian Law on Legislative Privilege, Contempt of Court and Public Interest Litigation
- ICAI Announces helpline numbers regarding november 2011 CA exams
- Memorandum of Instructions governing money changing activities
- Company Law Matters Requiring Sanction of Shareholders by Special Resolution
- Revised Indo-Swiss taxation treaty comes into effect
- An Overview on LTU
- ICAI issues Notification for Eligibility Test for Post Qualification Course on Information Systems Audit
- Interest subvention of 2% on rupee export credit with effect from April 1, 2011 to March 31, 2012 to Handicrafts, Handlooms, Carpet and SME sector
- Download Annual filling-XBRL-eForms
- Claim of Succession should be beyond Any Reasonable Doubt – SC
- Procedure for making application for Registration of Geographical Indications
- ICAI starts sending Admit Cards for November 2011 CA Examinations, Students can download online too
- Addition of Certified Filing Centres (CFC) under MCA 21 e-governance Project
- ICAI issues Instructions to examinees appearing in November, 2011 examinations
- Last date for receipt of the comments on Exposure Draft of Guidance Note-Cost Accounting Standards(CAS-4) has been extended upto 31st October, 2011
- 100% FDI for new pharma ventures to continue
- Registration of Companies or LLPs which have one of their objectives to do business of architect
- Process to Start Limited Liability Partnership
- XBRL Filing Manual Version 1.1 Released on 5-10-2011
- Liberalised Remittance Scheme for Resident Individuals-Revised Application cum Declaration form
- Policy for export of cotton waste including yarn waste and garneted stock [ITC (HS) Code 5202] with effect from 1st October,2011
- Proposed revised draft format of Exchange Control copy of Shipping Bills
- Know the Challan status of your tax payment on your mobile
- Tax Benefits Available to Senior Citizens
- Depreciation on leasing? An ageing puzzle
- Know Your Income Tax Refund Status Online
- Know Your PAN and TAN Application Status on SMS
- India will continue to allow 100% FDI in Greenfield Pharma
- Indian Institute of Technology Rajasthan, Jodhpur approved for purpose of section 35(1)(ii)
- Experts concerned over proposal to allow reopening of tax cases of 16 years
- Tax benefit on Premiums paid for Life insurance, Pension plans, medical insurance and taxability of sum received under life insurance policy
- How costly can the delay in filing tax returns be?
- Unexplained Investment Under Section 69 of the Income Tax Act, 1961
- Format of Decleration to be taken from Donee by Trusts for donation received towards Corpus Fund
- Keyman Insurance Policy- Income Tax Benefit
- How To Get Relief From Double Taxation?
- Government plans to allow reopening of income tax returns of past 16 years
- ICAI statement on the matter of Global Trust Bank
- E-Filing in F.Y 2011-12 – Quick Statistics (as on 30th September 2011)
- Frequency Norms of Audit for Service Tax Assessees
- Clarification on Allotment of Director’s Identification Number (DIN) Under Companies Act, 1956
- Export incentives to be announced soon – Anand Sharma
- Draft National Policy on Information Technology 2011 Released by Shri Sibal
- Direct Tax Collection for April-September 2011 up by 23 percent at Rs 257,042 crore
- List Of Industries And The Products Covered Under Section 209(1)(d) Of The Companies Act, 1956
- Will the Renminbi Eclipse the Dollar?
- CBDT Committee to examine ways to strengthen laws to curb generation of black-money in India, its illegal transfer and abroad and its recovery
- Two provident fund officials arrested for graft
- SC allows clubbing of two establishments as one for the purposes of the PF as there was unity of ownership, management, control, finance, labour and functional integrity
- Directors not vicariously liable for crime of company – Supreme Court
- Govt. cannot change purpose of acquired land – SC
- Innocent purchaser cannot be disallowed Input Tax Credit (ITC) for non payment of tax by seller-Landmark Judgement by P&H HC
- AAR – Liability to pay excise duty in respect of operations performed on battery cells for their clearance as battery bank
- Assessee can avail 80-IA deduction in respect of notional profit on account of power generation from its own captive power plant and utilised by itself – Madras HC
- Whether the different periods of the contracts are to be aggregated to reckon the threshold of 183 days under clause 5.3 of the DTAA with Singapore to determine PE?
- Observations in auditor’s report may not constitute a valid ground for rejection of books of accounts u/s. 145(3) of the Act unless the observations of the auditor have a bearing on correctness of books of accounts
- Whether the benefit of deduction under Section 10A can be extended to inter-state sales made to another industrial unit in a SEZ, payment in respect of which is received in Indian rupees?
- Register and Track your PAN Card Related Complain online and Track Status
- All you want to know about mutual Funds
- Tax Benefits / Consequences to Mutual Fund Unit holders
- Reduction of equity share capital not subject to capital gains – ITAT Mumbai
- AAR Dissents From Its Own View On Taxing Software and ruled Software is copyright; Even if ‘copyrighted article’, License fee taxable as ‘royalty’
- ICAI releases Case laws relevant for November, 2011 CA Examinations
- Download Supplimentary study Material for May 2012 and November 2012 exams of CA IPCC, PCC, Final (New Course)
- Section 275(1)(a) of the Act does not nullify the availability to the AO of the period of limitation of six months from the end of the month when the order of the ITAT is received by the Assessing Officer
- SARFAESI proceedings – rights of the Borrowers – related complications?
- Manufacturers of beer liable to pay excise duty from the stage of fermentation – SC
- CBEC notifies On-site Post Clearance Audit at the Premises of Importers and Exporters Regulations, 2011
- MCA releases Form No. 23AC-XBRL and Form No. 23ACA-XBRL for reporting in XBRL format
- Companies who need to file B/S and P/L Account in XBRL have to file form 23AC-XBRL and 23ACA-XBRL
- DTAA- Agreement for Exchange of Information with respect to taxes with British Virgin Islands
- Quartely Result of Listed Companies should disclose figures in respect of immediately preceding quarter and shall be accompanied by limited review report
- Sebi announces Uniform Know Your Client (KYC) Requirements for the Securities Markets
- RBI relaxes domestic money transfer norms for those who do not have access to formal banking channels for want of proof of identity/address
- IRDA allows Insurance Premiume payment in cash beyond Rs. 50000/- per transaction subject to the customer quoting PAN
- India – Switzerland to start exchanging information on tax-related matters from next fiscal
- Serious Fraud Investigation Officers authorized for purposes of filing and conducting prosecution under the Act – NOTIFICATION [F.NO. 5/37/2011 - CL V], DATED 23-09-2011
- MCA notifies ‘Srei Infrastructure Finance Limited’ as Public financial institution u/s. 4A of the Companies Act, 1956
- Comments invited on five draft Q&As for the IFRS for SMEs
- MCA extends time for filing DIN-4 for furnishing and to update PAN details till 15.12.2011
- MCA extends Company Law Settlement Scheme, 2011 upto 15th December, 2011
- Demand of dues after settlement amounts to extortion of money from complainant by the bank
- Supreme Court interprets choice of SIAC Rules as exclusion to the applicability of Part I of the Indian Arbitration Act
- Exposure Draft of Indian Accounting Standard (Ind AS) 19 Employee Benefits (Comments to be received by 15 November 2011)
- Exposure Draft of Amendments to Ind AS 12 Income Taxes (Comments to be received by 5 November 2011)
- Payment of Rs. 5000/- to the Ministry of Law towards expenses etc. for filing SLP or Counter Affidavit – Change of Procedure-reg.
- Calendar of Reviews for Board/Local Management Committee of foreign banks
- Seeks to impose anti-dumping duty on imports of Caustic Soda, originating in, or exported from, Korea RP – Notification No.95 /2011-Customs,
- Imposition of anti-dumping duty on imports of Caustic Soda, originating in, or exported from, Korea RP
- Regarding Mandatory E filing of ST3/ST3A Return by Every Assessee and format of letter for issue of ‘TPIN’
- Further Extension of last date for submission of financial documents for MEF 2011-12
- In case of bounced cheque the magistrate in the place where the cheque was drawn and where the drawee bank is situated has jurisdiction to deal with the complaint
- CBDT Extends Due Date of Filing Income Tax Return filing for A.Y. 2011-12 to 31-10-2011 for the assessee of Sikkim
- Auctions under ‘SARFAESI Act’ and the need of fairness?
- Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Unnati Yuva Jagruti Mandal, Ahmedabad & other specified institutions
- FEMA – Revised Guidelines on Appointment of Agents/Franchisees by Authorised Dealer Category-I banks, Authorised Dealer Category-II and FFMCs
- Zone-shifting of Candidates for November – 2011 CA Exams – (03-10-2011)
- Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – The Indian Minority & Other Communities Development Trust, West Bengal, etc.
- Inspector of Central Excise and Bank Manager Sentenced In Separate Cases
- Council of Scientific & Industrial Research (CSIR), New Delhi notified for purpose of section 35(1)(ii) of income Tax Act, 1961
- Waiver of stamp duty for Form 5- for companies registered in New Delhi
- Additional stamp duty on increase in authorized share capital not payable in accordance with Article 10 of the Schedule IA of the Indian Stamp (Delhi Amendment) Act, 2007
- For s. 2(22)(e), a firm can be treated as the ‘shareholder’ even though it is not the registered shareholder and shares are in the name of Partners
- ICAI accuses state and central governments, and PSUs of deliberately favouring CA companies having affiliations with multinational audit firms
- Person arrested for Offences under the Customs Act and Central Excise Act can not be denied bail as Offences are Non-Cognizable and bailable
- Requirement of empanelment of Senior/Junior Authorised representatives to represent the Department before the Income Tax Appellate Tribunal
- Income Tax department notices for scrutiny to two NGOs associated with Kiran Bedi
- ITAT Pune rejects set off for interest paid and received on income tax
- Activities relating to installation of pipe lines by a marine vessel are treated as ‘construction and assembly’ and results into PE if carried on for more than nine months under the India Mauritius tax-treaty
- RENTING – Supreme Court Stays High Court Order – 14.10.2011 Next Date
- How to make e-payment / Online Payment of Service Tax / Excise Duty
- How to e-File / online File Service Tax / Excise Return
- How to Register for online filing of Service Tax and Excise Returns
- E-Filing of Service tax and Excise Returns – Assessees Beware – Technical Delay Will Not Be Tolerated
- SEBI – Revisions in FII investments in corporate debt long term infra category
- SEBI – 100% promoter holding in demat form – Extension of date for complying with provisions of dematerializing promoters holding
- Late claims can not be rejected by the insurance companies mechanically -IRDA
- Exposure Draft of Indian Accounting Standard (Ind AS) 41 Agriculture (Comments to be received by 15 November 2011)
- Procedure for refund of tax deducted at source under section 195 to the person deducting tax -Amendment to Circular No.7/2007
- ICAI – President’s Message – October 2011
- Despite specific & pointed queries in section 143(3) assessment, AO cannot be said to have formed any opinion if explicit opinion not recorded
- Despite disclosure of conversion of stock into investment and acceptance by AO, claim that gains is LTCG attracts s. 271(1)(c) penalty – Delhi HC
- PMS Fees not deductible against capital gains. Despite dissenting orders, reference to Special Bench not necessary – ITAT Mumbai
- ICWAI – President Communique for October, 2011
- XBRL – Registration of Certified Filing Centres (CFC)
- Proposed Amendment of the Articles of Agreement of the International Monetary Fund on Reform of the Executive Board approved
- CAG of India Appointed External Auditor OF IAEA and WIPO
- FDI Circular 2 of 2011 – Consolidated FDI Policy
- Sebi revises bidding norms for FIIs in infra bonds
- Download Excise Duty / Service tax e-Return, eFiling Offline Utilities / Schema / Software for free
- Advances to State Co-operative Banks under Section I7 (4) (a) of the RBI Act, 1934 for general banking business
- MCA XBRL Validation Tool for validating XBRL instance documents has been released
- Amends Notification No. 36/2001-Customs(N.T) dated the 3rd August 2001 – Notification No. 71/2011-CUSTOMS (N. T.)
- Rate of exchange of conversion of each of the foreign currency with effect from 1st October, 2011
- Police arrests CA for his alleged role in Speak Asia Scam
- Non Taxable Services – Proposed Negative List
- Procedure for electronic filing of Central Excise and Service Tax returns and for electronic payment of excise duty and service tax
- ICAI accuses multinational CA Companies of violation of rules
- Indo-Nepal Remittance System – Measures to enhance usage
- SEBI – Filing Offer Documents with SEBI under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009
- Govt considering seven-eight new categories for AIRs
- Whether the clients liable to tax in India on the capital gains and if yes, whether the bank is required to deduct tax at source on the remittance?
- No penalty u/s 271B, If the audit report is obtained within the due date, but return is filed after the due date
- Payment made under Franchise & Management Agreement for availing technical know-how, coupled with technical consultancy services, for setting-up new and distinct business could be considered as capital expenditure
- Inter-corporate deposits written off in the books allowable as business expenditure where the incomes from such deposits were taxed as business income in earlier years
- How to resolve Inconsistencies in TDS/TCS Statements through Correction Statements
- SEBI Guidelines for Issue and Listing of Structured Products/ Market Linked Debentures
- KYC Norms – Letter issued by UIDAI containing details of name, address and Aadhaar number
- CBEC assigns Adjudicating Authority for another DRI SCN
- PAN card Verification procedure and who can avail the facility of verification
- Extension of ban on export of edible oils up to 30.09.2012 and exemption for export of edible oil in branded consumer packs with a ceiling of 10,000 tons from 01.11.2011 to 31.10.2012
- Indian Economy – Progress and Prospects
- Deduction on children’s education u/s. 80C & 80E
- Use of section 144A of the Income Tax Act 1961
- Survey under section 133A of income tax act 1961
- SEBI – Disclosure of Price Information of past issues handled by Merchant Bankers
- SEBI – Contents of Application-Cum-Bidding Form and Manner of disclosure
- RBI issues Draft Revised Guidelines on Securitisation Transactions
- Monetary Policy Dilemmas – Some RBI Perspectives
- Attempt to defraud using fake bank guarantee-modus operandi
- External Commercial Borrowings (ECB) in Renminbi (RMB)
- Applicability of service tax on taxable services provided by a non-resident or a person located outside India to a recipient in India
- IRCS to Get benefits under Income Tax Act
- Deloitte sued for $7.6 billion, accused of missing fraud
- How to Apply and ‘Get Certified Copies’ of Documents from ROC
- Leave Salary encashment Exemption, Calculation, Download calculator
- Most Popular Exempt Allowances for Salaried Employees
- Taxability of Leave Travel Allowance (LTA)
- Notified bonds or debentures of public sector companies – Income Tax notification no. 52/2011
- Dos and Dont’s for printing and submitting of ITR-Vs to ITD-CPC Bangalore (A.Y. 2011-12)
- SEBI releases Concept Paper on Regulation of Investment Advisors
- Regarding Adjudication of appraising related Show Cause Notices -Circular No. 44/2011- Customs,
- External Commercial Borrowings (ECB) from the foreign equity holders
- External Commercial Borrowings (ECB) Policy – Structured Obligations for infrastructure sector
- Indian Railways introduced new mode of ticket verification
- Removal of Ban on export of Onion – Circular No. 43 /2011-Customs,
- Registrar shall not keep any document pending for approval and registration or for taking on record or for rejection or otherwise for more than sixty days
- Internet Banking for Customers of Urban Co-operative Banks
- Fraudulent payments in the Accounts of EPFO through fake cheques‑ precautionary measure to avoid fraudulent payment
- MCA – Revision in Form No. 5 with effect from the 25th September, 2011
- Interest received on income tax refund can be set-off against the interest paid on delayed payment of income tax – ITAT Mumbai
- Limitation period does not apply to withholding tax proceedings – Calcutta HC
- Liability of Dividend Distribution Tax does not depend upon eventual taxability of dividend income – ITAT Mumbai
- AAR rules that an application by the payee is not maintainable if the same issue is pending before the tax or appellate authorities in case of the payer
- SC refers Appeal by Ram Jethmalani against purported inaction of Government to arrange for recovery of large sums of money deposited by Indian citizens in foreign banks to Hon’ble the Chief Justice of India
- AAR rules that application not maintainable if assessment/ reassessment proceedings pending before the income tax authorities
- Summary of recent Rationalisation and Liberalization in External Commercial Borrowing (ECB) Policy
- Download book covering direct and indirect tax, accounting standards, LLP, Companies Act, Partnership Act in brief
- Filing of e-return by Legal Heir (LH) using DSC – Revised Process
- Service Tax on Goods Transport Agency – Pay peanuts worry extra
- Understanding Deemed Dividend with Latest Case Laws
- Service Tax – Renting of Immovable Property Service- HOME SOLUTIONS RETAILS (INDIA) LTD Vs UNION OF INDIA & ORS – Delhi HC
- How to e-file Service tax Return in ACES?
- How to Pay MCA 21 Fees / ROC fees Via NEFT (Updated)
- Transfer Pricing – Benchmark cannot be applied on a global basis but has to be on a transaction basis ; Tribual explains Important Principles of Cost Plus, CUP and TNMM
- Company can follow cash accounting system for tax purposes even though section 209(3) of Companies Act mandates accrual system
- Transfer Pricing – Important Law On ‘Comparable Uncontrolled Transaction’ Explained
- Intervention by Dr. D. Subbarao, Governor, Reserve Bank of India at IMF Meeting on September 23, 2011
- IRDA guidelines on Health Insurance Portability – Portability to commence from 1-10-2011
- Broad parameters for banks and NBFCs to set up Infrastructure Debt Funds (IDFs)
- S. 2(15) charitable purpose where ICAI was alleged for indulging in “Commerce” for its coaching classes – HC rejected that same do not amounts to “business”
- SEBI (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2011
- SEBI (Substantial Acquisition of shares and Takeovers) Regulations, 2011
- External Commercial Borrowings (ECB) Guidelines – Rationalisation and Liberalisation
- External Commercial Borrowings (ECB) – Bridge Finance for Infrastructure Sector
- Section 620A of the Companies Act, 1956 – Nidhis/Mutual Benefit Societies – Power to modify Act, in relation to nidhis, etc. – Amendment in Notification No. G.S.R. 978(E), dated 28-5-1963
- FEMA – External Commercial Borrowings (ECB) for the Infrastructure Sector– Liberalisation
- Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and consequential amendments to Clause 35 of the Equity Listing Agreement
- SC Decision on Fate of Arbitration Clause in unregistered Agreement with improper stamp duty
- Need of correcting our ‘Indian Legal System’?
- Delhi HC – Service Tax on Renting of Property Valid ; Endorses views of HCs of P&H, Orissa,Gauhati, Bombay, Gujarat
- 13-member South African Indian family in tax fraud scandal
- G24 Intervention of Finance Minister after taking over the Chair
- Export of non-Basmati rice by the Public Sector Undertakings and Government organizations under Food Aid Programme and Under bi-lateral Trade Agreement between Government of India and Government of Maldives
- Anand Sharma Pushes for Free Movement of Professionals between India-US
- Intervention of FM at the G20 Finance Ministers’ and Central Bank Governors’ Dinner Meeting
- BRICS Finance Ministers’ Joint Communiqué Issued at the end of Meeting in Washington
- Text of the Address of Union Finance Minister’s Address to BRICS
- Income Tax Return – Who can verify and sign?
- FEMA – Summary of Recent Amendments in Forex Facilities for Individuals
- E-filing of Central Excise Returns (ER-1,2,3,4,5,6,7 & 8) made mandatory for All Assessees wef 01.10.2011
- CBEC notifies All Industry Rates of Duty Drawback for all items, including DEPB items
- Know Status of Quarterly TDS/TCS Statement by SMS
- CBEC – Filing of appeal in the wrong forum in matters relating to valuation of determination of rate of duty
- Security Issues and Risk mitigation measures related to Card Present (CP) transactions
- Global and Indian Perspective on Need for Consumer Protection – Role of Ombudsmen
- Anand Sharma Pushes for Making India HUB for Manufacturing Advanced Electronics Components
- FM’s Address ‘India’s Continuing Growth Story’ at the India Investment Forum
- FMs Speech at USIBC-FICCI Round Table Meeting in New York
- Corporate Affairs Minister Invites Suggestions for Effective and Beneficial Competion Policy
- All Industry Rates of Duty Drawback, 2011-12
- Amends Customs, Central Excise Duties and Service Tax Drawback Rules, 1995
- Determines the rates of drawback in supersession of the notification No. 84/2010-Customs (N.T.), dated the 17th September, 2010
- RBI – Returns to be submitted by NBFCs – Revised Formats
- Export of 5,175 MTs of raw sugar to USA under Tariff Rate Quota
- Seeks to specify “resident public limited company” – Notification No. 67 /2011-Cus (N.T.)
- Provision for Expenses – Allowable expenditure – Comments Invited
- CBI Arrests Superintendent of Central Excise in Bribery Cases
- S S Rana to look after all investigations related to cases of tax evasion and search-and-seizure operations by the I-T Department
- Dishonour of electronic funds transfer for insufficiency of funds in the bank account – clarification
- Service Tax – Audit of the accounts of BSNL– Issue of eligibility or otherwise of Notification No.03/1994
- India signs double taxation avoidance agreement (DTAA) with Estonia
- DRP’s power to ‘enhance’ confined to issues raised in draft assessment order. ‘Future losses’ allowable as deduction
- Govt may soon credit you service tax refund in you bank account automatically
- ICAI Invites Suggestions for Pre-Budget Memorandum-2012
- 2nd Round of Consultations on te Revised Version of National Competition Policy Begins Tomorrow
- Cyber Attacks Far More Dangerous Says Sibal
- IRDA – Clarifications on Guidelines on Outsourcing of Activities by Insurance Companies
- Amends Notification No. 133/2008-Customs, dated the 12th December, 2008
- Seeks to continue anti-dumping duty on Rubber Chemical PX-13 (6PPD), originating in, or exported from, Korea RP
- Seeks to impose anti dumping duty on Morpholine, originating in, or exported from, China PR, European Union and the United States of America, for a period of six months
- IRDA – Creation of Indian specific ACORD standards for the Indian Insurance Market
- RBI – Access criteria for payment systems
- Online filing of excise duty, service tax returns mandatory from 1st October 2011
- Modification of Guidelines for Individual Agents for Persistency of Life Insurance Policies
- IRDA – Modification of Guidelines pertaining to Individual Agents
- General circular no. 63/2011 dated 06.09.2011 related to Compliance of the provisions of Companies Act, 1956 and Rules made thereunder effective from 25th September, 2011
- Terms of Reference of Task Force for Direct Transfer of Subsidies Expanded to Include an Aadhaar-Enabled Unified Payment Infrastructure
- Govt. allows export of all varieties of onions
- Interest and Inflation to Spoil Festive Mood
- TDS deductible on compensation paid for acquisition of immovable property at the time of payment
- Income derived from repair and maintenance not eligible for Sec 80IB benefits – ITAT Kolkatta
- Penalty u/s 271(1)(c) can be imposed when the annual rent in the Lease Agreement found to be suppressed – Delhi HC
- Assessee entitled to claim deduction for the amount of interest offered on NPA account which is not realized –
- Proceeding u/s 263 initiated on the basis of existing circular which conflicts with views of High Courts or Supreme Court not sustainable
- ICAI – Frequently Asked Questions (FAQs) on ‘Exemption in a Paper/s’ of CA Exams
- Announcement – Application for CPT (paper-pencil mode) December-2011 Exam
- CPC Bangalore – IT return, Refund , Rectification statistics for AY 2009-10, AY 2010-11 and 2011-12
- International companies answerable to Indian consumer courts for service deficiency – Supreme Court
- Taxation of earning from lottery, prizes in game shows, crossword competitions or races
- Section 144C of the Income-tax Act, 1961 – Reference to Dispute Resolution Panel (DRP) – Reconstitution of DRP-I, Mumbai – ORDER NO. 8/FT&TR/2011
- Amends Notification No. 17/2004-Service Tax, dated the 10th September, 2004
- Amends Notification No. 18/2002-Service Tax, dated 16th December, 2002
- A.P. (DIR Series) Circular No. 24 – Financial Action Task Force (FATF) Statement identifying a list of jurisdictions which have strategic AML/CFT deficiencies
- A.P. (DIR Series) Circular No.23 -List of jurisdictions which have strategic AML/CFT deficiencies.
- A.P. (DIR Series) Circular No. 22 – Risks arising from the deficiencies in AML/CFT regime of Iran and Democratic People’s Republic of Korea
- A.P. (DIR Series) Circular No. 21 – Risks arising from the deficiencies in AML/CFT regime of Iran and Democratic People’s Republic of Korea (DPRK)
- FM to Leave for Five Day US Visit on 21st September to attend Annual fund Bank, G-20, G-24, Brics and IMFC meetings
- Filing of applications for DEPB for exports of “Cotton Yarn including Melange Yarn” made from 01.4.2011 to 04.8.2011 and “Cotton from 01.10.2010 to 04.08.2011
- Seeks to amend Notification No. 96/2008-Customs dated 13th August 2008, to provide deeper concessions under DFTP scheme for Least Developed Countries (LDCs)
- Understanding applicability of VAT or CST on inter-state works contracts
- If directors admitted that installed capacity has not enhanced, then same cannot be contradicted by a report of the CA to claim additional depreciation
- For Computing deduction u/s. 10A up-linking charges out of telecommunication expenses to be deducted from both export turnover and the total turnover
- For claiming deduction U/s. 80IA(4), twin conditions that is investment in eligible project and execution of the project by itself, are required to be satisfied
- Retraction of statement made during the survey after six months merely an afterthought – ITAT Mumbai
- The word ‘may’ used in the sub-sec. (2) to sec. 50C do not give discretion to the A.O. to refer or not to refer the matter to the DVO
- Non-compete Fees Paid pursuance to non-compete agreement not allowable as revenue expensiture – ITAT Delhi
- Tribunal can issue direction beyond the scope of the appeal for correction of error – Delhi HC
- Government decides not to proceed for the time being with further public offer of 5% paid-up equity shares of ONGC through an offer for Sale
- India Convenes meeting of BRICS Finance Ministers in Washington DC on September 22, 2011
- MoU signed between IIFCL, LIC and IDFC with Respeect to Take Out Finance Scheme
- Rural Infrastructure Development fund(IRDF) Finalised with Dedicated allocation of Rs. 2000 crore – Finance Minister
- For loan taken in violation of section 269SS penalty can not be imposed if same was taken to meet business needs
- Certificate issued by a CA has no decisive impact on taxability of income in the hands of a non-resident
- Claim of bad debts allowable even if debts are of the same year – ITAT Mumbai
- E-filing of Service Tax Return and E-payment of Service Tax – Latest Provisions
- TDS / TCS Default Us. 201(1) – Mismatch U/s. 200A – Nature & Remedies
- Now pay advance tax of VAT in Punjab ; Is it justified?
- Transfer pricing provisions would be applicable to a transaction entered with an unrelated entity which is deemed associated enterprise
- Schedule of all Industry Rates of Duty Drawback (2011-12) to be Notified Soon
- View Tax Credit Form 26AS from net banking a/c
- Payment of statutory dues, salary and wages in 10 sick / loss making CPSEs under the Department of Heavy Industry
- RBI Mid-Quarter Monetary Policy Review – September 2011
- Fema – Meeting of Medical expenses of NRIs close relatives by Resident Individuals
- Customs Duty Exemption extended to goods imported for internal security operations and coastal security operations
- FEMA – Repayment of loans of Non-resident close relatives by residents
- FEMA – Loans in Rupees by resident individuals to NRI close relatives
- FEMA – Gift in Rupees by Resident Individuals to NRI close relatives
- Enhancements introduced in LLP system, with effect from 15- September-2011
- Limited Liability Partnership (Second Amendment) Rules, 2011 – Notification for making the form 8 into STP mode
- Regarding Mandatory e-filing of Central Excise Returns in ACES
- Amends Central Excise Rules, 2002 (Fourth Amendment) thereby making e-filing of Central Excise returns mandatory in ACES
- Exposure Draft of Indian Accounting Standard (Ind AS) 28 (as amended) (Corresponding to IAS 28 (As amended in 2011) Investments in Associates and Joint Ventures
- Exposure Draft of Indian Accounting Standard (Ind AS) 112 (Corresponding to IFRS 12 Disclosure of Interests in Other Entities
- Exposure Draft of Indian Accounting Standard (Ind AS) 111 (Corresponding to IFRS 11 Joint Arrangements)
- Exposure Draft of Indian Accounting Standard (Ind AS) 27 (as amended) (Corresponding to IAS 27 (As amended in 2011) Separate Financial Statements
- Exposure Draft of Indian Accounting Standard (Ind AS) 110 (Corresponding to IFRS 10 Consolidated Financial Statements
- RBI releases Handbook of Statistics on the Indian Economy 2010-11
- Change in Exchange rate of Swiss Franc w.e.f. 16th Sept, 2011 – Amends Notification No. 62/2011 – customs (NT) dated 26-08-2011
- Tariff Values of Edible Oils, Brass Scrap (All grades) and Poppy Seeds Notified – Notification No. 65/2011 – Customs (N. T.)
- Credit of sale proceeds of Foreign Direct Investments in India to NRE/FCNR (B) accounts – Clarification
- RBI increases Repo and Reverse Repo and Marginal Standing Facility Rates by 0.25 percent w.e.f. 16.09.2011
- Review/Recall Petition To Be Filed Even If Tax Effect Less Than Rs. 4 Lakhs – CBDT
- Standing Liquidity Facilities for Banks and Primary Dealers would be available at the revised repo rate, i.e., at 8.25 per cent with effect from September 16, 2011
- FEMA – Resident Indian can open NRE / FCNR (B) account with their Resident close relative
- FEMA – RBI increased the limit for Transfer of security by way of gift in calendar year to USD 50,000
- FEMA – Non-Resident Indian /PIOs permitted to open NRE / FCNR (B) account with their resident close relative
- FEMA – RBI permits individuals resident in India to include non-resident close relative(s) as a joint holder(s) in their resident bank accounts
- CS Exams December,2011-List of examination Centres
- FM Hopes Increase of 25 Basis Points in Policy REPO Rate would Help Us in Getting Back to a More Comfortable Inflation Situation
- Regarding mandatory e-filing of Central Excise returns in ACES thereby amending CENVAT Credit Rules, 2004 (Fourth Amendment)
- PAN Form – Who can Verify and Sign?
- S. 271(1)(c) penalty for concealment on CA despite disclosure, legal opinion, favourable CIT(A) order, Appeal in HC as in Tribunal’s view issue not debatable
- Mangalore University, Mangalore notified for purpose of section 35(1)(iii) – NOTIFICATION NO. 51/2011
- CBDT may recommend VDIS scheme to bring back black money outside India
- e- TDS return – How to make correction or Revision in TDS Payment challan Details?
- How to make correction or Revision in Salary Details of e- TDS return already filed?
- TDS deductor may soon be able to view PAN-wise ledger and different views available for Tax Payers on NSDL-TIN website
- Why to furnish Correction / Revised TDS/TCS statement & Procedure
- Check TDS/TCS tax credit in form 26AS & reason for mismatch
- Custom Notification on Export of Non-Basmati Rice, Wheat and Onions
- Proof of Marriage must while claiming Restitution – SC
- Excise Duty – Govt exempts Sugar syrup or cream used within for manufacture of Biscuits
- Guidelines / Criteria For Income tax Scrutiny for Financial Year 2010-11 / Assessment Year 2011-12
- e-TDS Return – Preparation of Correction Statement More than Once on the Same Regular Statement (Correction on Correction)
- All about Preparation of e-TDS/TCS Return
- Who is required to file e-TDS/TCS return and what is annual e-TDS/TCS Return and Other FAQ
- How to Verify correctness of e-TDS/TCS return Prepared and FAQs on File Validation Utility (FVU)
- How should Form No. 24Q be filled up in absence of a column for section 80C and other FAQ
- TDS/TCS return – Where to File, Basic Details, Charges, Due Dates, Procedure, Forms
- Procedure for filing e-TDS/TCS Returns with Insufficient Deductee PAN
- JMM bribery Case – Section 158BB, addition can be made in the course of a block assessment on the basis of evidence found in the course of search and not on the basis of confirmation of a prior knowledge by way of search
- Transfer Pricing – Integral tests for a Cost Contribution Arrangement to be considered at arm’s length
- CBI Arrests Superintendent of Service Tax Commissionerate in Bribery Cases
- ICSI – Clarification on applicability of Schedule VI of Companies Act, 1956 for December 2011 Examination
- Securities Scam – Custodian releases Rs 650 Cr to Financial Institutions and Income Tax Department
- Dealing Effectively with Interrelated Issues of Global Imbalances, Financial Regulations , and the International Monetary System Central to Agenda of G – 20 – FM
- Income Tax – Notified long-term infrastructure bond U/s. 80CCF
- ITAT Collegium transfers 12 Members at All India level (Sept 2011)
- Amends Notification No.16/2011-Central Excise (N.T), dated the 18th July, 2011
- Exempts service by an arbitral tribunal – Notification No. 45/2011 – Service Tax
- RBI releases September 2011 Issue of RBI Bulletin
- ICAI – Appointment of Shri Manoj Kumar, Jt. Secy, MCA as member on Committees/Boards of the Institute
- Selection of a comparable company should be determined having regard to its functional comparability for the year under review and not with reference to preceding years
- Transfer Pricing – TPO should provide reasons for rejecting the Most Appropriate Method [MAM] used by the assessee before adopting a different MAM
- Losses adjusted in the books under corporate reorganization are available for set off in computing book profit under MAT provisions
- Amendment in Section 40(a)(ia) of Income Tax Act is not retrospective
- FII Investment in Long-Term Corporate Debt in Infrastructure Sector Liberalized
- Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Mangal Jeevan Trust, Ahmedabad – NOTIFICATION NO.103/2011
- Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Shantilal Shanghvi Foundation, Mumbai – NOTIFICATION NO.102/2011
- Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Friendship Foundation Trust, Gujarat – NOTIFICATION NO.101/2011
- Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Bharti Foundation, New Delhi – Amendment in Notification No.S.O.466(E) dated 29-3-2007 – NOTIFICATION NO.100/2011
- Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Sundaram Medical Foundation, Tamil Nadu – NOTIFICATION NO.99/2011
- Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes -Blind Welfare Council, Gujarat – NOTIFICATION NO.98/2011
- Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Cancer Institute (WIA) Trust, Chennai – Amendment in Notification No.S.O.96(E) dated 11-2-1999 – NOTIFICATION NO.97/2011
- Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Jamia Islamia Ishaatul Uloom, Maharashtra – Amendment in Notification No.S.O. 2370(E) dated 3-10-2008 – NOTIFICATION NO.96/2011
- Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes -Siva Sakhti Sathya Sai Charitable Trust, Chennai – NOTIFICATION NO.95/2011
- Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Kailash Charitable Trust, Noida – NOTIFICATION NO.94/2011
- Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Bangalore Hospice Trust, Bangalore – Amendment in Notification No.S.O.180(E) dated 10-3-1997 – NOTIFICATION NO.93/2011
- Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Indian Red Cross Society, Ahmedabad – NOTIFICATION NO.92/2011
- Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Impact India Foundation, Mumbai – NOTIFICATION NO.91/2011
- Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Maria Seva Sangha, Bangalore -Amendment in Notification No.S.O.469(E) dated 2-7-1996 – NOTIFICATION NO.90/2011
- Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Mata Amritanandamayi Math, Kerala – NOTIFICATION NO.89/2011
- Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Leprosy Mission Trust India, New Delhi – NOTIFICATION NO.88/2011
- Regarding Voluntary payment of custom duty before final assessment
- Service tax Exemption to Service provided by a Sub-Broker to a Stock-Broker In Relation To Sale or Purchase of Listed Securities
- Debenture Trustees – Frequently Asked Questions (FAQs)
- New Competition Policy will be the Second Biggest Reform Initiative – Dr. M. Veerappa Moily
- Provisions Related to Corporate Governance
- Securities And Exchange Board Of India (Buy Back Of Securities) Regulations, 1998 (As updated as on 31st March 2008)
- Policy for export of cotton with effect from 1st October,2011
- RBI releases Report of Expert Committee on Licensing of New Urban Co-operative Banks (UCBs)
- Redressal of investor grievances against Depository Participants (DPs) in SEBI Complaints Redress System (SCORES)
- RBI Guidelines for Rehabilitation of Sick SME Units
- Regarding rate of exchange for calculation of anti-dumping duty on Para nitroaniline
- Launch of AEO Programme
- Amends Notification No. 20/2006-Customs, dated the 1st March, 2006 vide Notification No. 87/2011-Customs
- Section 35AC, r.w. Explanation (B) Of The Income-Tax Act, 1961 – Eligible Projects Or Schemes – Venu Charitable Society, New Delhi
- Section 35AC r. w. Explanation (B) Of Income-Tax Act, 1961 – Eligible Projects or Schemes – Iskcon Food Relief Foundation, Mumbai
- Section 35AC, r.w. Explanation (B) Of Income-Tax Act, 1961 – Eligible Projects Or Schemes- V.R. Deshpande Memorial Trust, Tamilnadu
- Section 35AC,r.w. Explanation (B) Thereto, of Income-Tax Act, 1961 – Eligible Projects Or Schemes – Kalgidhar Society, Himachal Pradesh
- Section 35AC, r.w. Explanation (B) of The Income-Tax Act, 1961 – Eligible Projects Or Schemes – Vidyarambam Trust, Chennai
- Notified Eligible Projects Or Schemes – John Daycare & Boarding For Senior Citizens Association, New Delhi – Section 35AC, Read With Explanation (B) Thereto
- A gift is to be treated as genuine when the assessee discharges the onus cast on it for proving the identity, creditworthiness and relationship of the donor and the done
- Writing off the bad debt by itself is enough to claim deduction of bad debt u/s 36(2)
- Opinion of one expert cannot be rejected on the basis of that of another expert unless there is sufficient independent reason for such rejection
- Leveraged Buyout – The new move
- Income tax Return Preparation Software for FY 2011-2012 / AY 2012-2013
- Residential Status- Period of stay during visit to India on deputation would be excluded- HC
- Disallowance u/s 40A(2)(b) can not be made without enquiry in respect of the fair market value of the services
- Download Effect analysis of IFRS 10 and IFRS 11
- Male Hindu cannot adopt without the consent of wife – SC
- Service Taxation to Take Rejig
- Scrap in the nature of bye-product of industrial operations, would qualify for deduction u/s 80IB
- Margarine is edible oil and eligible for concessional tax of 4 percent – SC
- If the products are capable of classification under two chapter headings, then the classification must be under the heading which occurs last in the numerical order- Sc
- Validity of Notice u/s 148 in the name of dead person
- Depository Participants – Frequently Asked Questions (FAQs)
- Credit Rating Agencies – Frequently Asked Questions (FAQs)
- Documents pertaining to the transactions in relation to which PAN to be quoted
- Criteria / Guidelines for Income tax Scrutiny for A.Y. 2010-11 / F.Y. 2009-2010
- Govt may soon make Registration of Marriages Compulsory
- Comments Invited on the draft National Competition Policy version – II
- Madras High Court Dismisses Petition Challenging Exemption of CBI from RTI
- Stuffing of export containers under supervision of Central Excise Officers – regarding
- Acceptance of specified e-forms filed by Directors of defaulting companies- General Circular No. 63/2011
- Verify MEF declaration status as on 23-08-2011
- Statutory audit of public sector and private/foreign banks simultaneously
- Application for allotment of PAN and documents required as identity and address proof
- PF and ESI Act covers unskilled workers too
- India’s External Debt – A Status Report 2010-11
- Export Grows 44.2 Per Cent in August at US $ 24.3 Billion – Commerce Secretary
- Govt bans export of all varieties of onions
- Government removes ban on export of wheat
- SEBI (Mutual Funds) (Amendment) Regulations, 2011 – Amendment in Regulations 24, 25, 36, 43, 44, 56 and Insertion of Chapter VI-B
- RBI Guidelines on Base Rate – Circular No. DBOD.Dir.BC.34 /13.03.00/2011-12- Dated- September 9, 2011
- Govt removes ban on export of non-Basmati rice
- Online transmission of DES (Advance Authorization), EPCG and DEPB at ICD Karur(INKAR 6) w.e.f. 12.09.2011 – regarding
- After passing the order by the Settlement Commissioner, no power vests on the A.O. or any other authority – HC
- Govt exempts allowance and perquisite paid to Chairman/retired Chairman or any other member/retired member of Union Public Service Commission
- India enters DTAA with Taipei u/s 90A of the Income Tax Act, 1961
- Income Tax – Measures taken by government to Tackle Black Money
- India to Reduce Tariff Lines under Sensitive List by 20% by Next Month
- No company with Baba Ramdev as Director
- Not may cases pending with MCA related to Appointment of MD, Directors and Managers
- CCI investgating cartelization by Synthetic Fiber Manufacturer Companies
- Issues in Complain against R-com not related to violation of Companies Act, 1956
- Govt formed expert group to study the legislative and regulatory architecture of the Society Registration Act, 1860
- 1.62 Lakh Companies not filed their Annual Returns and Balance Sheets for 3 consecutive Years or more
- 41 Complains alleging non-repayment of deposits by companies in last three Years
- During April – August 2011 ,Gross Direct Tax Collections up by 25.89 Percent
- India Signs DTAA with Uruguay
- MCA Circular on e-filing to avoid last minute rush
- Rent from Simple Letting of Property is Business Profits- Allahabad High Court
- CBI found 2 crore at home of I-T commissioner Daya Shankar’s CA
- Profits attributable to ‘Dependent Agent Permanent Establishment’ Taxable in India – Delhi HC
- Transfer and Posting of ACIT/DCIT and JCIT/Addl. CIT – Order No. 155 of 2011
- Lok Sabha passes 13 Bills and the Rajya Sabha passes 09 Bills during the session
- RBI releases ‘Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks – March 2011′
- MEF Empanelment – Last date for submission of Declaration extended upto 15th September, 2011
- Income Tax Calculator for FY 2011-2012 / AY 2012-2013
- FM wants CBDT to continuously evolve innovative way of taxation especially related to cross border taxation
- RBI Increasing Policy Rates to Contain Inflation
- Guidelines on NRI Marriages
- Renting of Immovable Property – HC extends Stay
- Provision made to incentivise performance of workers cannot be disallowed u/s 43B(c)
- Depreciation on cooling chambers of the cold storage is allowable at the rate of 25%
- Once the CIT grants approval for registration of the trust u/s 12A, the AO not required to re-examine the the object and purpose of the trust
- Whether the expenses incurred on replacement of body of dumpers is revenue in nature ?
- Immovable properties used primarily for business purpose cannot be taxed under the Wealth Tax Act
- Word ‘erroneous’ in section 263 includes failure to make an enquiry by the AO
- Amends Notification No. 14/2010-Customs, dated the 20th February, 2010
- FM Stresses on Financial Inclusion; Says Banks Need to Keep A Strong Vigil on their Asset Quality
- External Commercial Borrowings – RBI simplifies procedure
- Deferred Payment Protocols between Government of India and erstwhile USSR
- Minimum Export Price of varieties of onions increased to 475 per Metric Ton F.O.B.
- Substitution of term Micro and Small Enterprises in place of ‘Small Scale Industries’ (SSI) in the documents
- Notification to extend the exemption to some additional goods when imported from Least Developed member-countries of SAARC under SAFTA
- Quick Referencer on Sebi Circulars (1st January – August 10, 2011)
- Due date for submission of ITR-V for A.Y. 2010-11 extended upto 31.10.2011 or 120 days from the date of upload whichever is later
- DTH service like a cinema ticket, Govt can impose entertainment tax – HC
- Dealers in Maharashtra can upload revised sales tax /Vat returns for the periods up to April 2011
- Financial Statements for the limited purpose of IPO/FPO during the Financial Year 2011-12 may be made in per-revised Schedule VI format
- RBI comittee recommends increase in PPF Deposit Limit from Rs. 70,000 to Rs. One Lac
- Guidelines to Streamline Pension Payment Issued; Banks Advised to Formulate Pension Friendly Measures
- Approval of e-forms 1, 18 and 32 on the basis of certification and declarations given by the practicing professional not going to be implemented yet
- Penalty on Foreclosure /Prepayment of Home Loans should be be reasonable and transparent
- RBI issues guideline to Enable Banks to Effectively Manage Risks Arising Out of Outsourcing
- Reduction of Taxes on Petro-Products
- Government Takes Necessary Action to Protect Markets while Keeping Close Watch on Global Developments
- Sharad Pawar forgot few zeroes while declaring assets – BJP
- Transfers & Postings of Commissioners and Directors of Income-tax w.e.f. 06.09.2011
- ICWA – Presidents Message September, 2011
- UPA signs off on new land acquisition Bill
- RBi ask Banks to not to recover pre-payment charges on floating rate loans
- RBi notification on RTGS service charges for members
- IRDA – Servicing of Health Insurance Schemes offered by Bodies other than Insurance Companies
- Payments made by the assessee to the employees employed on daily wage basis cannot be said to be a contractual payment
- Reimbursement of expense received in connection with the rendering of consultancy services not taxable as ‘fees for technical services’
- Pnealty can not be imposed without adjudication by any authority – SC
- Element of transaction of sale is pre-requisite for levy of sales tax
- Items used in the manufacture of capital goods and parts thereof and are eligible for CENVAT credit
- Agreement for Avoidance of Double Taxation and Prevention of Fiscal Evasion with Singapore
- Regarding Self-Assessment in Customs
- Customs – On-site Post Clearance Audit (OSPCA) – CBEC Chairman Allays Apprehensions
- Additional Director of Income Tax (Investigation) duly authorized to issue warrants of search
- Government not made it compulsory for every company to have policy for Corporate Social Responsibility
- Fee for use of software taxable as Royalty – ITAT Bangalore
- No verified information available to suggest that corporate frauds are on increase
- Conditions fo Export of Non-Basmati Rice
- Speak-Asia Online not registered its place of business with the Registrar of Companies, Delhi
- Income from share transactions of the partners cannot be assessed as those of the firm acting as broker of Partners
- High Court has power to review its own decision rendered in appeal filed under the Central Excise Act, 1944
- Service of notice on the assessee under Section 143(2) within the prescribed period of time is a pre-requisite for framing the block assessment under the Income tax Act
- Income derived by Global Geophysical Services Limited under the contracts with ONGC and Cairn Energy India Pty Limited is to be computed by applying the provisions of section 44BB of the Income-tax Act 1961
- Corrigendum to Board’s instruction Regarding export of Pan Masala-Gutkha packed in plastic sachet by 100% EOU
- Submission of Credit Information to Credit Information Companies – Dissemination of Credit Information of suit-filed accounts
- DGFT – Amendment in Appendix 37D, Table-2, Serial number 11
- Quick Referencer On MCA Circulars (1st January – 31st August ,2011)
- Merely because commission is paid to the employees, they do not cease to be employees under the PF Act
- ICAI and Other Examining bodies should get tuned to RTI Act – SC
- India cannot have a treaty with Switzerland under which the deposits of Indians in Swiss banks would be taxed by European nation – CBDT
- Loss arising on year-end valuation of an interest rate swap allowable as a deduction – ITAT Mumbai
- M/s M.R. Tourist Home & Ors. Vs. Sales Tax Officer & Ors. (Supreme Court)
- Interest income on trade advance given by a credit institution towards purchase of machinery for which the delivery is delayed, is not covered under the definition of ‘interest’ as defined u/s 2(5A)
- Allowance cannot be made merely because future payments were made out of the funds said to be kept in the suspense account
- Depreciation at the rate of 50% cannot be claimed in respect of vehicles given on lease
- In case of loss making company valuing goodwill at 10% of the total consideration, without any material on record not sustainable
- Compensation received for the mere loss of profits will be a revenue receipt, while the compensation received for the loss of a source of income would be capital receipt
- Sale proceeds’ in Sec 10A also means net proceeds if the goods are purchased from foreign buyers on credit and assessee is entitled to benefits u/s 10A
- Whether the disallowance is rightly made u/s 14A by applying rule 8D prior to the amendment?
- When assessee sub-contracts work in progress and AO examines all the claims u/s 143(3), in such a situation, CIT is not right in invoking revisionary powers u/s 263
- Fees from technical services provided by non-resident-When taxable in India
- Assessee not entitled for deduction u/s 80HHC in respect of DEPB income if one of the condition of third proviso to section 80HHC(3) not satisfied
- In case of business liability, deduction is to be allowed even if it is to quantified and discharged at a future date
- Whether, even if no incriminating document is found during the search but assessee makes some voluntary disclosure, penalty is still warranted?
- DTC may come into force from April next year, says FM
- If the addition has been restored to the file of A.O., the penalty on this aspect should also be restored to the file of A.O. for taking a fresh decision
- Monetary Policy Response to Recent Inflation in India
- IFRS Taxonomy Interim Release for Common-Practice Concepts
- VAT on BOT contracts-a view point
- Government Small Savings Schemes – Salient features including Tax Rebate
- RBI Act provides adequate protection to small depositors in financial institutions
- Uncertainty in Global market not to have much impact on India
- Government takes Various Steps to Curb Circulation of Fake Currency
- Fema Act, 1999 have no Provision to initiate prosecution
- Govt taking Measures to Popularize Small Saving Schemes
- 38 foreign banks functioning with 321 branches in India
- SEBI puts in place mechanisms to monitor and assess foreign institutional investments
- National Manufacturing Policy within September – Anand Sharma
- Custom Duty – Regarding extension of terminal date of basic custom duty exemption on raw sugar and white/refined sugar
- Post Offices to Provide Visa Related Services In Remote Areas
- Disallowance u/s. 40A(9) for Statutory Corporations cannot be made as their Service Regulations have ‘force of law’ – ITAT Pune
- Last Chance Mr.Obama……
- Even if ‘Representative Assessee’, no liability for unconnected income – Delhi HC
- Circular On Monetary Limits For Filing Appeals Applicable Prospectively not for earlier Appeals- CBDT
- Whether the adjudicating authority entitled to load royalty/licence fee payment on to the price of the imported goods, viz, the shuttle(s) by taking its peak price?
- IT notice to Arvind Kejriwal a routine affair – Govt ; Team Anna crticises the move
- Agricultural Productivity and Credit- Issues and Way Forward
- Constitution of new Dispute Resolution Panel at Mumbai – ORDER NO. 7/FT&TR/2011
- DGFT- Modification of SION B-149 under Electronics Product Group
- SEBI (Prohibition of Insider Trading ) (Amendment) Regulations, 2011
- Whether Compensation received for termination of the joint venture is capital or Revenue receipt?
- Reassessment proceedings could not be initiated where reasons recorded is merely change of opinion
- Limitation period does not apply to withholding tax proceedings – Punjab & Haryana HC
- Redemption of preference shares not taxable as deemed dividend and amounts to ‘transfer’
- E-filing of Service tax returns compulsory w.e.f. 1st October 2011
- Free Software for Income Tax, TDS, Audit Reports, Project Report/ CMA, Form Manager, AIR, Service Tax
- Marketability is essential criteria for charging excise duty and product must be marketable in the condition in which it emerges – SC
- Helium Gas purchased in bulk, processed and sold in cylinders – liable to excise duty – Supreme Court
- Comments invited on draft ‘Bill of Entry (Electronic Declaration) Regulations, 2011’ and draft ‘Shipping Bill (Electronic Declaration) Regulations, 2011
- Regarding Export of Pan Masala-Gutkha packed in plastic sachet by 100% EOU -Application of provisions of Plastic Waste Management and Handling Rules, 2011
- ITAT lay down principles on ‘splitting of turnkey contracts’, role of PE and taxability of profits from offshore supply
- Circular specifying monetary limit for appeal filing should not be applied ipso facto, when the matter has a cascading effect – SC
- If work undertaken by petitioner is ‘works contract’ which is defined under Section 2(55) of the VAT Act, 2005, it cannot be said that the respondents have imposed any tax without authority of law
- Six Year after Income Tax Official jailed for taking bribe
- All about Income Tax Deduction Under section 80CCC, 80CCD and 80CCF
- Cost Accounting Standard Board invites comments on Exposure Draft Guidance Note-Cost Accounting Standards(CAS-4)
- Regarding imposing safeguard duty on N1, 3-dimethyl butyl-N’phenylenediamine
- DGFT – Annual quota for import of marble from Bhutan increased to 5,882 MTs
- Exemption u/s 54F to HUF allowable even if property is in the name of individuals but purchased from HUF account and with HUF’s PAN
- Merely because a legal claim has been made, and even though the said claim has been found to be inadmissible, penalty under section 271(1)(c) cannot be imposed
- ‘False and frivolous, submissions by CIT (DR) before ITAT constitute ‘criminal contemp’ and justify recovery of costs from salary
- Dividend income derived by assessee from a company in Malaysia not liable to be taxed in the hands of the assessee in India under any of the provisions of the Act – SC
- How to download Consolidated TDS/TCS statement for preparing Correction Returns
- eTDS Correction Returns – Common reasons for rejection of TDS Returns and solution for the same
- Procedure for download and merging of split TDS/TCS statement
- Download Form 3CD, 3CA, 3CB and Caro Report in Excel
- Download Revised Form 3CD in Excel PDF Format alongwith Tax Audit Checklist
- Income under the Head ‘Salaries’ including the valuation of perquisites
- Consequences for Non Payment or Late Payment of TDS
- Salary Income – Conditions for Claim of Deduction of Interest on Borrowed Capital for Computation of Income from House Property
- Income Tax Rates/ Slabs FY 2011-2012 / A.Y. 2012-2013
- Format of reply to Penalty notice under section 272B for wrong quoting or non-quoting of PAN
- ICAI to soon release book covering direct and indirect tax, accounting standards, list of mandatory statements and standards on auditing, peer review etc
- Declared goods except wheat and paddy still taxable @ 4.4% in Punjab after ordinance dt 17-08-2011- Section 8(1) and 62(5) of PVAT amended
- RBI – Authorisation Guidelines for Primary Dealers (PDs)
- CBI arrests an Additional Commissioner of Income Tax Andasu Ravindra and two others in a bribery case of Rs.50 lakh
- IASB proposes to exempt investment entities from consolidation requirements
- FAQ on XBRL regarding software Purchase, Training, Filing of form 23AC and 23ACA , How to upload and Taxonomy
- Tax Worth Rs. 249 Crore Recovered from BCCI
- IRDA issues Clarification on Investment in Venture Funds
- FEMA – Section 41 of the Foreign Contribution (Regulation) Act, 2010 – Composition of certain offences – Specified offences and authority
- RBI – Reflections on Regulatory Challenges and Dilemmas
- Penalty for failure to export cotton yarn in terms of Policy Circular No. 27 dated 01.04.2011 and Policy Circular No. 38 dated 10.08.2011
- Changes in address, contact numbers and e-mail address of Export Promotion Council for EOUs and SEZ Units/its Regional Offices
- Modification of Sion C-1579 under Engineering Product Group- Billets of Iron/ Low Carbon Steel for Remelting has been added at Sl No. 2
- Notification No.63/2011-Customs (N.T.) dated August 30, 2011- Tariff Values of Edible Oils, Brass Scrap (All Grades) and Poppy Seeds Notified
- RBI launches the 25th Round of Inflation Expectations Survey of Households
- MVAT – Grant of Administrative relief to unregistered dealers
- SEBI (Stock Brokers and Sub-Brokers) (Second Amendment) Regulations, 2011 – Amendment in Regulations 17, 26 and Schedule II
- No Penalty in case of interpretational nature – Supreme Court
- CBDT – Instructions to subordinate authorities – Handing over of Charge – Need for proper Handing Over Note
- CBI arrests Income Tax Commissioner (Appeal) Daya Shankar in Mumbai for allegedly accepting bribe of Rs. 2 lakh
- While kidnapping is an offense, paying ransom is not; Ransom can not be disallowed under Explanation 1 to s. 37(1)
- Taxation Of Services Based On a Negative List Of Services – Concept Paper For Public Debate
- RBI releases Draft Guidelines for Licensing of New Banks in the Private Sector
- Key Feature and Background of Draft Guidelines for Licensing of New Banks in the Private Sector
- New Companies Bill – Government proposes to further strengthen the SFIO
- Independent Directors liable for penal action (including for frauds)
- FM Confident of India’s Capacity to Come Out Stronger from any International Financial Crisis
- RBI releases Report of the Working Group on the Issues and Concerns in the NBFC Sector
- Section 120(1) and (2) of the Income-tax Act, 1961 – Income-tax authorities – Jurisdiction of DG (Investigation)/Commissioners – Amendment in Notification No. S.O. 734(E), dated 31-7-2001
- Section 120(1) and (2) of the Income-tax Act, 1961 – Income-tax authorities – Jurisdiction of Commissioners – Amendment in Notification No. S.O. 733(E), dated 31-7-2001
- Section 118 of the Income-tax Act, 1961 – Control of Income-tax authorities – Notified subordinate officer
- Change of designation of officers representing CBEC in the CESTAT
- Custom Duty – Rate of exchange of one unit of foreign currency equivalent to Indian rupees for the Month of September, 2011
- Infrastructure Finance Companies (IFCs) — as eligible issuers for FIIs investment limit in debt instrument for infrastructure
- SEBI – Processing of Investor Complaints in SEBI Complaints Redress System (SCORES) – CIRCULAR NO. MIRSD/19/2011, DATED 26-08-2011
- Redressal of investor grievances against stock brokers and sub- brokers in SEBI Complaints Redress System (SCORES)
- RBI extends Rupee Drawing Arrangements (RDAs) under the Speed Remittance procedures to Exchange Houses situated in Malaysia
- SEBI (Merchant Bankers) (Second Amendment) Regulations, 2011 – NOTIFICATION NO. LADNRO/GN/2011-12/17/26149, DATED 16-08-2011
- Revised proforma for monthly report of disposal of appeals by CIT(A)
- 89(1) Arrears Relief Calculator for Govt Employees with Form 10E
- Income Tax Calculator for Govt Employees for FY 2011-2012
- Income Tax Rates (For Individuals, HUFs, AOP, BOI) for A.Y. 2011-12 and F.Y. 2010-11
- Income Tax Rates (For Individuals, HUFs, AOP, BOI) for A.Y. 2010-11 and F.Y. 2019-10
- Income Tax Rates (For Individuals, HUFs, AOP, BOI) for A.Y. 2009-2010 and F.Y. 2008-2009 alongwith Deductions and FBT rates
- Income Tax Rates (For Individuals, HUFs, AOP, BOI) for A.Y. 2008-2009 and F.Y. 2007-2008 alongwith FBT rate chart
- Service Tax on Assistance Provided For Processing Visa Applications
- Return of Income to Be Filed Electronically Under The Digital Signature
- Taxation of Interest Received From Post Office Savings Bank Account
- Exemption From Furnishing Return of Income In Respect of Certain Class Of Persons
- Whether royalty paid for use of brand names and trade marks is to be treated as capital expenditure?
- Assessee liable to pay interest under s 234B and 234C on the tax payable on book profits computed under s 115J, notwithstanding the fact that it was a deemed profit
- Computer peripherals entitled to depreciation at 60% and advertisement, ad film and website expenses are revenue in nature
- The expression ‘may also be taxed’ used in Article 7 permits only the State of Source to tax such income and the State of Residence is precluded from taxing such income
- CIT(A) cannot dismiss the assessee’s appeal without adjudicating upon the question as to whether the law to s 248, as amended with effect from 1 June 2007, was applicable or not
- Merely because assessee does not produce copy of agreement to AO but does so before CIT(A), ITAT cannot delete relief granted by CIT(A)
- Striving For Freedom in Independent India
- CBDT circular on refund procedure for excess TDS on payments to residents pertaining to the period up to 31 March 2010
- Software License Income Taxable As ‘Royalty’ – Australian Federal Court
- Number to Word Convertor for Microsoft Excel without add ins
- Payment made for accreditation not covered by the definition of ‘royalty’ under Article 13(3) of India UK tax treaty
- Widening of the Scope of Notified Purposes Under Section 10(23AAA)
- PM’s Letter to Anna Hazare
- Verification of Marks of CS June, 2011 Examinations
- ICWAI invites queries from members on The Companies (Cost Accounting Records) Rules, 2011 (CARR) & The Companies (Cost Audit Report) Rules, 2011 (CAR)
- No penalty on brokers if he transfer the trades executed in the wrong client name or code to an ‘Error Account’
- Parliament passes unanimous resolution on Anna’s demands
- Jammu and Kashmir removes VAT on state-made goods traded across LoC
- Marine Products Exports Touches 2.8 Billion in 2010-11 Frozen Shrimp Major Export item Accounting for 44.17%
- Finance Minister’s Statement in the Lok Sabha 27 August 2011 on Jan Lokpal Bill
- ICAI asks members to pay Annual Membership and COP Fees by 30th September 2011
- Strip Club ‘Pole Tax’ not unconstitutional – Texas Supreme Court
- Foreign Direct Investment (FDI) Prospect for India
- Cost Accountant – Career, Prospects, Academic pursuits Audit and Other Work Opportunities for those in Practice and in Employment
- Important message on XBRL Taxonomy and Validation Tool
- PM’s speech in the Lok Sabha debate on Corruption and Lokpal Bill
- Appellate authority has every right to remand a matter on a specific point if the mistake of the authority below is limited to that very point and, in such a situation, there is no necessity to pass an order of a fresh assessment on all points
- Discretion lies with the Tribunal to admit additional evidence in the interest of justice
- Transfer Pricing- Comparables have to be compared on similar standards
- When assessee fails to declare the undisclosed income in block return, and the additions made by the AO based on the seized materials are sustained, penalty is warranted in such a case
- TRO can sell the right, title and interest of the defaulter assessee and nothing more, If the said right, title and interest is hedged with the conditions or fetters, the sale will be made subject to the said condition/fetters
- ICSI – Last date for Annual Membership fee for the year 2011-12
- Massive Death …Gifted By Speculators
- Government decides to increase the share of Microenterprises in Micro and Small Enterprise (MSE) lending needs too 60% in a phased manner
- Depreciation at 100% can be claimed on the LP gas cylinders fitted to the chassis of transport vehicles
- From 1st October 2011 all type of Assessee’s required to file Service Tax Return Electronically/Online
- Gujarat HC upholds constitutional validity of service tax on renting of immovable property
- Assessee can claim lower of depreciation or business loss as claimed in the books of account for the preceding year while computing book profits u/s 115J
- Automated Form 16 for FY 2010-2011 & AY 2011-12
- Payment for software cannot be treated as a payment for ‘process’ liable to be taxed as royalty – ITAT Mumbai
- Lack of good faith and due diligence cannot be inferred when the grounds on which ALP determined by the assessee has been rejected are reasonably debatable
- Govt request High Courts to give priority to disposal of long pending cases
- Advocates can practice in courts across the country irrespective of their enrollment in any Bar Council without the need to transfer license to their desired States
- Clarification to the Indian Data Protection Laws
- For interest under Section 244A(1)(b) of the Act the relevant date is the date of payment of tax and not the date on which the amount of tax collected is credited to the account of the Central Government
- Centralised payment of court fee, w.e.f. 1.9.2011, by the CBEC – Directorate of Legal Affairs in appeals filed before the Supreme Court
- Multipurpose Empanelment Form (MEF)- Last Date of online Application extended upto 2nd September, 2011 (05:30 p.m.)
- Differences between proposed Ind ASs and Existing ASs
- SEBI direct brokers to redress investor complaints within a month of receiving them
- Rahul Gandhi’s speech in the Lok Sabha on the issue of corruption and Jan Lokpal Bill
- Bar Council of India ensures that each law college follows the Bar Council of India Rules, 2008
- Income Tax Dept to investigate if banks helped people hide black money
- IT Department collecting information on tax returns filed by political parties
- RBI – Contingency plan during strikes in banks / natural calamity- Arrangements for feeding of ATMs
- Amends Notification No. 63/1994-Customs (N.T.) dated 21st November, 1994 thereby declaring Silghat as an LCS
- Regarding anti-dumping duty on imports of PVC Flex Films, originating in, or exported from, People’s Republic of China
- Constitution Of New DRP At Specified Places – Modification Of Order No. 4/Ft&Tr/2011 And Suppression Of Order No. 5/Ft&Tr/2011
- Salient features of DTAA between Taipei Economic and Cultural Center in New Delhi and India-Taipei Association in Taipei and Full text of DTAA
- MCA introduces new feature to track the Companies in which a person is/was a director
- ITR- 1 for F.Y. 2010-11 / A.Y. 2011-12 with Auto tax Calculation
- Income Tax department unearths tax evasion of Rs 18 crore in its surveys in small districts
- Replacement of the Companies Act is likely to help in checking frauds committed by companies against investors
- State-wise number of foreign companies operating in India
- Whether the Companies Act, 1956 has prescribed any ceiling on the remuneration of chief executive officers (CEOs) of companies?
- Prosecution initiated by Govt on errant companies which violated the Companies Act, 1956 during last three years
- Government proposes to give more powers to the Serious Fraud Investigation Office (SFIO)
- 87 companies still vanishing
- Procedure for regulating refund of excess amount of TDS deducted and/or paid – Modification of Circular No. 2/2011, dated 27-4-2011
- ICSI Declares Results for the Company Secretaries Examinations Held in June, 2011- Check Result and List of Toppers
- RBI Committee to re-examine the existing classification and suggest revised guidelines with regard to priority sector lending classification and related issues
- RBI releases Annual Report for 2010-11
- Customs – Seeks to continue anti-dumping duty on imports of Polytetrafluoroethylene (PTFE) originating in, or exported from, People’s Republic of China
- CBEC imposes definitive anti-dumping duty on all imports of 1-Phenyl-3-Methyl-5-Pyrazolone, originating in, or exported from China
- Customs – Amends Notification No. 12/97-Customs (N.T.), dated the 2nd April, 1997
- ICAI awards for excellence in financial reporting – Invitation to Participate in the Competition for the year 2010-11
- Insurance – Proposed amendments to IRDA (Investment) Regulations 2008
- Banking, electronic payments and road ahead
- Appointment of Common Adjudicating Authority – Notification No.59/2011- Customs (N.T.)
- Section 120(1) and (2) of the Income-tax Act, 1961 – Income-tax authorities – Jurisdiction of Commissioners – Amendment in Notification No. S.O. 732(E), dated 3-7-2001
- Section 120(1) and (2) of the Income-tax Act, 1961 – Income-tax authorities – Jurisdiction of Director General/Director (Intelligence & Criminal Investigation)
- Section 120(1) and (2) of the Income-tax Act, 1961 – Income-tax authorities – Jurisdiction of Commissioners – Corrigendum to Notification No. 62/2010, dated 27-7-2010
- Comments suggestions invited regarding levy of service tax on distributors/sub-distributors of films & exhibitors of movie
- CS exam Results to be declared on 25th August 2011 (Today) at 11:00 AM
- India Signs Agreement for Avoidance of Double Taxation and the Prevention of Fiscal Evasion (DTAA ) with Georgia
- PM’s opening remarks and All party resolution on Lokpal Bill
- SEBI- All complaints to be forwarded electronically through SCORES only
- Service Tax – Govt issues show cause notices to Delhi, Mumbai Airport to recover Rs. 200 Crore
- Govt. impose definitive anti-dumping duty on imports of Caustic Soda, originating in, or exported from, Thailand, Chinese Taipei and Norway
- Andhra Pradesh PT Payment–Due Date changed
- Custom Duty – Issue of Customs House Agent License – Reference from field formations
- RA’s may scrutinize the ITC HS codes, IE codes etc of those allocated quantity of Rough Marble Blocks for import for Financial Year 2011-12
- Minimum Export Price of Onions other than Bangalore Rose Onions and Krishnapuram onions raised to US$ 300 per Metric Ton
- DGFT allows import of required raw materials for exports of ‘Briefcases/Suitcases/Beautycases’ made up of Poly Carbonate
- IRDA – Solvency Margin of Non-life Insurance in respect of Motor TP Pool
- New partners can not be held guilty for cheque issued by old partners – SC
- SC upholds tax and penalty on Multi System Operators
- Earnest money forfeited as per terms of tender for not entering into contract can not be refunded – SC
- 60 percent registered service tax payers not filing returns
- Removing Password from a PDF File – Especially pdf file downloaded from Income Tax e-filing portal
- Compensation to be awarded should not be measured by the nature, location or degree of the injury, but rather by the extent or degree of the incapacity resulting from the injury – SC
- Companies Bill, 2009 ready with Cabinet note for legislation – Veerappa Moily
- Custom Duty – Authorized Economic Operator (AEO) programme for implementation
- Financial Inclusion Necessary for Inclusive Growth
- Issuance of Non-Convertible Debentures (NCDs)-Minimum Rating of NCDs
- Clarification regarding non-inclusion of audits conducted under sections 44AD, 44AE and 44AF in the ‘specified number of tax audit assignments’
- Corporate Governance of Banks in India In Pursuit of Productivity Excellence
- Completion of online uploading of RCMC data on DGFT’s Server By EPCs/ Commodity Boards/Authorities
- Amends Notification No. 21/2002-Customs, dated the 1st March, 2002 thereby increasing TRQ for Skimmed Milk Powder
- Extending the Reach of Banking Facilities to Villages
- Applicability of Provident Fund (PF) contribution on certain allowances
- Co-Operative Societies, Principles, Types of Societies and Registration of the Societies in Mahaarashtra
- Govt approves creation of portal ‘Goods and Service Tax Network’ (GSTN)
- Income Tax Amendments applicable for November 2011 Attempt of CA Final Exams and IPCC Examination
- Simplification and Rationalization of Trading Account Opening Process
- SEBI – Circular for Mutual Funds – Circular No. Cir/ IMD/ DF/13/ 2011, Dated- August 22, 2011
- If any establishment or employer claims to be not covered under Employees’ Provident Funds and Miscellaneous Provisions Act, 1952, burden to prove in such cases is on the establishment – Delhi HC
- Assessee entitled to claim deduction in respect of the provision for warranty made on the basis of past experience
- Un-quantified and disputed ratable value as determined by Municipal Corporation can be termed as crystallised liability and can be claimed as deduction
- Ad hoc disallowance of foreign tour expenditure not sustainable without questioning the business purpose of the trip
- If two views are possible than Assessing Officers should take the one favourable to the Assessee and penalty for concealment cannot be levied
- Introduction to XBRL, How it works?, Benefits of XBRL and XBRL Glossary
- Fees paid to a foreign company for rendering testing and certification services cannot be treated as income deemed to accrue or arise in India under Section 9(1)(vii) of the Income-tax Act
- Fees received by KPMG for assisting an Indian Company in acquisition of Sugar mills in Brazil is not Fees for Technical Services under the Income-tax Act
- Income of non-resident attributed to its PE in India taxable as business profits; balance income not to be taxed as fee for technical services – ITAT Mumbai
- Expenditure incurred by the assessee-company, incorporated for carrying out the business of the BPO, prior to the setting up of business, cannot be taken into account for computing the business income
- ESOP Holding period to be reckoned from the date of exercise of option to buy shares and not from the earlier date of grant of options
- Amendment brought to cast TDS liability on individuals and HUF under section 194C do not applies to AY 2007-08
- Scope of DRP is restricted only to adjustments proposed in the draft assessment order and not beyond
- Whether when the assessee earns dividend income, disallowance of administrative expenditure incurred, directly or indirectly, can be made even without rule 8 provided AO is able to link the same to earning of the income ?
- Reassessment after four years on change of opinion not valid
- Provisions of Section 72A would be applicable only when ‘amalgamating company’ and not ‘amalgamated company’ has accumulated losses
- Non-Implementation of SAFTA by Pakistan
- Cooperative Housing Society (Delhi) – Frequently Asked Questions
- When the assessee fails to rebut the unexplained investment in the purchase of fuits, and the CIT(A) and Tribunal fail to record the fact that such entries were made in the books, the addition made by the AO is sustainable
- Section 54 -Capital gains – Exemption qua residential house
- Beginners Guide to Income Tax with FAQ
- Service tax on fee charged for issuance of Country of Origin Certificate (COOC) by Chambers of Commerce
- Common Admission Test for All Degree Courses
- Maharashtra VAT – Refund Of Security Deposit Made During Registration
- Directorate of Income Tax (Criminal Investigation) to investigate criminal offences under direct tax laws
- Insurance – Syllabus for Training of Telecallers – Distance marketing of Insurance Products
- Ministry of Minority Affairs extends Date for Receipt of Applications for Pre-Matric and Post-Matric Scholarship Schemes
- Insurance – Fund Approval Procedure and Guidelines on NAV Process – Corrigendum
- Campus Placement at ICSI-CCGRT, Navi Mumbai
- Sec 10A benefits cannot be denied on gain from fluctuation in foreign exchange if such gains are linked to exports
- Discount offered against defective materials supplied can not be disallowed
- Whether the activity of transportation of containers falls under the purview of provisions of Sec 194C?
- Running schools by collecting huge amounts of fees with five star facilities cannot be treated as a charitable activity only on the ground that the business carried on by such institutions is the business of education
- Whether when assessee company makes advances in favour of its Director holding 90% stake in the company, such loans are to be treated as deemed dividend in the hands of the company or the Director?
- Board circular which provides that even the indirect expenditure which benefit employees’ welfare is covered under FBT is not applicable
- Customs amendment bill in LS to validate notices issued by different officials during the past 25 to 30 years.
- Custom Instruction Regarding Installation of Weigh-Bridges at different ports
- Payment for infringement of patent, being purely compensatory in nature, cannot be disallowed
- Without physical verification, additions cannot be made for discrepancies in the stock register
- Additions u/s 68 cannot be made merely because the affidavits filed by share subscribers were not attested by first class magistrate
- Inauguration of Residential Quarters-cum-guest House by Honorable Finance Minister
- DGFT – Regarding Consolidated Guidelines for import of precious metal by the Nominated Agencies
- Conclave of ICAI Members in Entrepreneurship & Public Services on 22nd September 2011 at 3.30 PM at Hotel Shangri La, New Delhi
- Repo and Reverse Repo Rates Increased by Reserve Bank of India from Time To Time To Contain Inflation
- FM Reviews Economic Situation with RBI Governor and Chairman, Pmeac
- Amends Notification No. 61/1994-Customs (N. T.), dated the 21st November, 1994
- National Manufacturing Policy in Few Weeks, Cabinet Paper Moved Anand Sharma Addresses Export Summit-2011
- Royalty paid on import of Goods / prerecorded music cassette or a popular film to be included in the transaction value for Custom valuation – SC
- Salient features of LLP Act, 2008 and Statewise Lise of number of firms converted to the LLP during the last three years
- No definite time frame can be given to pass ‘Valuation Professionals Bill’
- No verified information to suggest that cases of corporate frauds are on rise
- Constitution and Functions of Competition Commission of India (CCI)
- Registration of a Company within 24 to 48 hours
- Benefits of Ss 12A and 80G cannot be allowed if there is no charitable activity and assessee undertakes only commercial activity
- Amendments in Cause list of all CESTAT, Benches with effect from 5th September, 2011
- CBEC Fixes Monetry Limit for Custom, Service tax and Excise Appeal filing with CESTAT, High Court and Supreme Court
- RBI – Minutes of the July 20, 2011 Meeting of the Technical Advisory Committee on Monetary Policy
- RBI – Half-yearly Report on Management of Foreign Exchange Reserves (March 2011)
- 926 branches of Banks to accept Advance Income Tax in Mumbai and Navi Mumbai
- CBI cancels FIR – Retired Income Tax Assistant Commissioner to be paid retirement benefits
- ICAI – Launching of Committee for Capacity Building Of CA Firms and Small & Medium Practitioners (CCBCAF & SMP) Exclusive Website www.icai.org.in, for creating the website of the CA Firms
- Custom Duty – Amends Notification No. 21/2002-Customs, dated the 1st March, 2002
- Regarding continuation of anti-dumping duty on imports of Sodium Nitrite originating in, or exported from, People’s Republic of China – Notification No.76/2011-Customs
- Exporter can now obtain more than one RC for export of cotton during current cotton year 2010-11 (up to 30th September 2011)
- Company Law – Authorized Serious Fraud Investigation Officers
- All about The Jan Lokpal Bill
- Quarterly Report on Public Debt Management for the Quarter April-June 2011 Released
- ICWAI – Invitation for Empanelment of Resource Persons for preparation of Guidance Note relating to Performance Appraisal Report
- Update on Export of Non-Basmati Rice
- Statement of PM in Lok Sabha on Anna Hazarre’s movement for bringing Jan Lokpal Bill
- CBDT Chairman asks department to achieve revised Direct Collection target of Rs. 5.32 lakh crores
- Allowability of Interest U/s. 244A on MAT credit
- Depreciation can be allowed even if the machinery is not put to use
- When assessee declares higher profits in its revised return filed after detection of concealment, penalty u/s 271(1)(c) is warranted
- For deriving the benefit of section 22, the occupier and the owner must be the same person and hence the benefits are not available to partners if the occupant is firm
- Married daughter of deceased employee who was unmarried at the time of application eligible for Job – Bombay HC
- Black money – SC agrees to hear Centre’s plea against Special Investigation Team (SIT)
- DGFT – Allocation of quantity of Rough Marble Blocks for import for Financial Year 2011-12 along with list of allottees with IE Code
- Changing Inflation Dynamics in India
- FM gives go-Ahead to Environment Strategy for Central Board of Excise and Customs
- Service Tax Refund to exporters through Indian Customs EDI System (ICES) – Draft circular calling for comments, views and suggestions
- No disallowance u/s 14A of interest expenditure if AO fails to show nexus between borrowed funds and tax-free investment
- For claiming Sec 80IB(10) benefits registered deed is not necessary
- ICWAI and MCA organising XBRL PROGRAM with no Participation Fees
- ICAI – Office in-charge can only be Partner or paid assistant in whole time employment who attends such office for a period of not less than 182 days
- Whether, for the purpose of making addition, the findings of Customs authorities would prevail over the sales tax assessment order?
- Interest paid on borrowed funds cannot be disallowed when the assessee had ample funds at the time of investing in the equity of subsidiary companies
- Maintainability of Assesses claim for deduction U/s. 80IA if he sets up windmills at different places in different years and also has brought forward losses from the business against the provisions of Sec 80IA(5)
- The Liaison Office (LO) of non-resident taxpayer would qualify as business connection PE in India if the activities of the LO not confined to purchase of goods in India for the purpose of export
- How does the Reserve Bank of India Conduct its Monetary Policy?
- ICAI issues Verification Status of May-2011 CA Final Examinations
- Transactions of sale of shares of a closely held company can be construed as transfer of land and short term capital gain is chargeable
- Whether the amount paid/payable by the Applicant to LSCL under the transaction mentioned in Annexure III in respect of Offshore supply of Equipments is liable to tax in India in the hands of LSCL, i.e. the recipient non-resident Korean company?
- Income from provision of sea logistic services taxable under presumptive scheme – AAR
- Repayment of capital to the partners in the form of uncrossed cheque would not be liable to penalty u/s 269T
- Whether the non-competition fee paid to the assessee allowable as revenue expenditure?
- Technology in Banking- In Pursuit of Excellence
- ICSI – Campus Placement for the fresher members for job and for students for 15 Months Training
- Forex market development-Issues and Challenges -Thoughts of a returning forex market regulator
- Anand Sharma meets Asean Economic Ministers Negotiators asked to Step up Efforts to Conclude Services and Investment Agreement
- CBDT Press Release on Direct Tax Collections April-July 2011
- Amends Notification No.55/2008-Customs, dated the 28th April 2008 – Notification No.75 /2011-Customs
- WB government urges Centre to reconsider excise duty of 10.3 per cent on branded garments and hosiery
- Regarding continuation of anti-dumping duty on Pentaerythritol, originating in, or exported from, Chinese Taipei – Notification No.74 /2011-Customs
- Initially there was unwillingness on the part of Mauritius to revise its DTAA with India
- ICSI – New Examination Centres at Dhanbad and Kota for CS Exams
- RBI Circular on Misuse of Banking Channels – Issue and Payment of Demand Drafts for Rs. 50,000/- and above
- Webcast on Tagging and other Technical Aspects of XBRL at ICSI Headquarters
- GFI estimates total value of illicit money that has flown out of India at 20.92 lakh crore
- Minutes of Meeting of BCAS Representatives with CIT, Central Processing Centre
- Prime Minister’s Independence Day Address alongwith Highlights
- Entire mobilization/demobilization revenues received by the applicant with respect to seismic data acquisition and/or processing would be taxable in India at an effective rate of 4.223% – AAR
- No addition can be made u/s 41(1)(a) for the interest liability converted into the share capital as there is no cessation of liability
- When the assessee discloses all the details necessary for claiming a deduction on a debatable issue while filing the return of income, penalty is not warranted
- When the assessee carries out jobwork as a sub-contract to make article marketable, it is entitled to claim Sec 80HH benefits
- Depreciation of the windmills purchased in the same year, prior to the date of search, should be granted in the regular assessment
- Loss incurred from the insurance fund liable to be excluded in computing the actuarial valuation surplus in view of the fact that the income from that Fund is exempt u/s 10(23AAB)
- Gratuitous Loan by Company in return to an advantage conferred upon the company by such share holder not Deemed Dividend
- Whether when no application for additional evidence is made, ITAT should even then consider the additional evidence while deciding the appeal?
- Address to the Nation by the President of India, H.E. Smt. Pratibha Devisingh Patil on the eve of the 65th Independence Day
- Powers of Inspection, Search & Seizure under Punjab VAT Act, 2005
- When Revenue detects unexplained expenditure in the name of doctors of the hospital, Sec 69C additions in the hand of the hospital can be made only after doctors deny receiving such payments
- Submitting inaccurate claim would not amount to giving inaccurate particulars, Penalty can not be imposed U/s. 271(1)(c)
- A.O. cannot issue notice U/s. 148 on the basis of scanty and vague information and material which do not indicate escapement of income
- Process of lifting water is incidental to manufacture ; Supreme Court decision prevails over Board Circular – SC
- MVAT- Delegation of powers under section 64 (36) and (4) to Deputy Commissioner of Sales Tax , Mum-VAT-E-610
- Chandna Impex Private Limited vs Commissioner of Customs (Supreme Court)
- Exemption under Notification No.17/2001 cus, dated 1st March, 2001 available only if the goods are imported by ‘a person who has been awarded the contract’ by NHAI
- When it is found that the licences produced entitle the Respondent to clear the ex-bond goods free of duty, there are no reasons for them to have mis-declared the values since the goods are duty free
- HC was justified in refusing to expand the scope of the reference so as to include the silver weighing 1713.807 kgs. which was confiscated u/s. 111(d) of the Act while hearing the reference with regard to silver weighing 194.250 kgs. but confiscated under a different provision of law, namely, u/s. 120(2) of the Act – SC
- ICAI to submit its report to CBDT next month with its recommendations on tackling issues related to black money
- Only 6.74 lakh claims for refund of income-tax pending with I-T Department, Tax refunds pull down net direct tax collection by 8 percent
- IRDA makes it mandatory for insurers to seek prior approval in case of stake transfer to domestic entities or financial institutions
- Reference to the Special Bench cannot be withdrawn merely for the reason that the Hon’ble High Court has admitted the identical question of law in another case
- Europe…Who is Next
- No more tax-free zones in country – Pranab Mukherjee
- DGFT – EIC would also be authorized agency to issue Certificate of Origin under India-Japan CEPA
- Banks Cry, Mortgage Rating, Q3 & Q4
- Application invited from Students pursuing ICWAI Final Course for being considered eligible to receive Compendiums
- Sebi proposes to frame strict rules for research analysts and wants an independent oversight body for auditors
- Revised Press Release on Gross Direct Tax Collections- up by 26.63 Percent and Stood at Rs.1,32,542 Crore during April-July,2011
- Income Tax – Filing appeals to ITAT – New Instructions Issued
- Software vendorwise percentage of correction TDS/TCS statements accepted and rejected at TIN, rejection using consolidated file for the period April 1, 2011 to June 30, 2011 and percentage of TANs registered at TIN for the period August 1, 2010 to June 30, 2011
- Waiver from the requirement of Bank Guarantee in respect of EOUs – Amendment to Circular No. 54/2004-Customs dated 13.10.2004 – reg
- DGFT reduces Minimum Export Price of Sona Masuri, Ponni Samba and Matta varieties of rice to USD 600 per MT
- RBI says Liquidity in Indian banking system not under stress
- Tax info from overseas authorities is subject to confidentiality and cannot be made public
- ICAI issues Frequently Asked Questions on verification of marks
- Company Law Settlement Scheme, 2011 for companies who defaulted in filing Annual Returns with ROC
- ICSI playing a pivotal role in promoting good governance among the corporates-Dr. M. Veerappa Moily
- IASB proposes adjustment to effective date of IFRS 9
- RBI may further hike policy rates due to inflation
- ICAI requiress professional for taking session on various Subject in Courses offered by it
- Pranab Mukherjee Unveils a New Audio-Visual Presentation of Five Verses of ‘Jana Gana Mana’
- Documents/Notices to be filed with the Registrar of Companies
- RBI Advises Banks to Achieve Target of 60 Percent of MSE Advances for Micro Enterprises by 2012-13
- DGFT on Minimum Export Price of Onions – Notification No 66 (RE – 2010)/2009-2014
- Results of 16th Round (Q1:2011-12) of Survey of Professional Forecasters on Macroeconomic Indicators
- Operational Guidelines on implementation of Electronic Benefit Transfer (EBT) and its convergence with Financial Inclusion Plan (FIP)
- Tariff Values of Edible Oils, Brass Scrap (All Grades) and Poppy Seeds Notified -Notification No.57/2011-Customs (N.T.)
- Excise Duty – Under Section 35C(2) CESTAT cannot altogether take a different view in law and it cannot reappreciate evidence
- Honest mistake committed in maintenance of stock register can not be treated as fraud or willful mis-statement or suppression of facts – SC
- Clandestine removal of excisable goods can not be denied by the company if MD of the company voluntarily came forward to sort out the issue and to pay the Excise duty – SC
- When Did Amitabh become a Crorepati – Income Tax Knows?
- Cost of packing of motor cycles cleared to Depot to be included in assessable value for Excise Duty Valuation – Supreme Court
- India’s Export Grows 81 percent in July at US $ 29.3 Billion -Commerce Secretary
- RBI – Prudential Norms for Off-balance Sheet Exposures of Banks
- CBEC requiress Advocates for empanelment as Senior/Junior Standing Counsels to represent before Bombay HC
- MCA – Foreign Companies can file Form No. 52 under Company Law Settlement Scheme, 2011
- ICAI May 2011 PCC and IPCC exam – Pass percentage, List of Regional and All India Toppers and Analysis
- Regarding Name change of ICWAI to ICMAI /ICAI – President writes letter to Minister of Corporate Affairs
- Multipurpose Empanelment Form – 2011
- MCA – Revised Form 23AC and Form 23ACA applicable from 12th August 2011
- Whether while computing the disallowance u/s 37(3), each trip of the employee will be considered separately and no set off will be allowed for the amount of deficit in the next trip by the same employee in the same year ?
- Even if assessee admits different sums of undisclosed income on two different days, and then retracts one of its statements, no addition can be sustained for having recorded wrong disclosure statements during the search
- Whether the notional interest on interest-free deposit from tenants is to be considered while determining the correct ALV u/s 23(1)(a)?
- When assessee fails to receive TDS certificates on interest income from banks in time but decides neither to declare the income in his return nor to take credit for the TDS on the basis of duplicates collected, penalty u/s 271(1)(c) is warranted in such a case
- Delhi court sentences businessman to six months in jail in cheque bouncing case
- CSR contribution to be based on net Profit; Loss making companies not required to earmark specific funding for CSR activities
- RBI releases Its Monthly RBI Bulletin for August 2011
- Discretion to customers for selection between RTGS and NEFT
- Parliament permits government to mint coins of Rs 1,000 denomination
- Simplification of Passport issuance system
- SFIO investigates 33 cases in last 3 years and Competition Appellate Tribuanl (CAT) receives 36 appeals against decisions of CCI
- Govt to Disinvest 10% paid up equity of National Buildings Construction Corporation Limited
- Sikkim HC upheld conviction of EX- Chief Minister of Sikkim
- RTI -Students have right to inspect Answersheets – SC
- Delhi HC extends stay on non-basmati rice export
- CBDT order 141 of 2011- AD VI – Promotion, Posting and transfer of CCIT / DGIT
- Production Costs of Petro-Products – Petroleum Minister clarifies
- Custom Duty Notification Regarding reports of illegal imports of pesticides by some traders
- Final list of defaulters for failure to export of cotton in terms of Policy Circular No. 09 dated 29.12.2010 and Trade Notice No.01 dated 10.1.2011
- Launching of ICAI-ROC – A MCA-21 Compliance software for Practitioners & CA Firms
- RBI Master Circular on Use of Hindi in banks
- Service Tax – Taxability of expenditure in foreign currency in the case of M/s. ONGC Videsh Ltd
- Finance Minister asks Officers of Indian Cost Accounts Service to Perform the Proactive Role to help the Government to Use Its Resources in Most Optimal and Efficient Manner
- Growth rate of Software Industry considerably less than the annual average growth rate of the last five years
- SEBI imposes Penalty for shortcollection/non-collection of margins from clients in Equity and Currency Derivatives segments
- Conditions and modalities for registration of contracts of cotton yarn with DGFT- relaxation of -5% by weight in export of cotton yarn
- Amendment in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No. 85/2006-Customs, dated the 29th August, 2006
- Seeks to impose provisional anti-dumping duty on Opal Glassware, originating in, or exported from, People’s Republic of China and UAE
- RBI releases Report of the Committee to Review Facilities for Individuals under FEMA, 1999
- RBI Releases Draft Guidelines on Internal Risk Based (IRB) Approach for Calculating Credit Risk Capital Charge
- Press Release on ICSI Power Breakfast on ‘Corporate Governance & Integrity’
- Tax arrear increases to Rs. 3.90 lakh crore in financial Year 2010-11
- India to Partner with Africa for Buying Minerals and Providing Technology for Mining & Exploration- PTA by December 2011 – Anand Sharma
- Foreign Contribution (Regulation) Act, 2010 and foreign Contribution (Regulation) Rules 2011 comes into effect from 01.05.2011
- No Transfer pricing adjustment is necessary when period and basis of computation of royalty is different from comparable transactions
- Deduction u/s 10A allowable where HR Services were provided in the process of providing customized electronic data was exported to USA
- Gross NPAs of Public Sector Banks Stood at Rs.71,047 Crore as on 31st March,2011
- Qualified Foreign Investors (QFIS) Allowed to Access Mutual Funds’ Equity Schemes and Debt Schemes in the Infrastructure Sector
- Switch over to base rate from PLR system
- Ombudsman for Legal Sector
- Stock Broker’s services – Levy of service tax on delayed payment charges collected by service provider in respect of Stock Broker’s services
- D Subbarao gets 2-year extension as RBI Governor
- Income Tax department tracked down over 50 high-value defaulters
- Tonnage tax scheme in respect of a qualifying ship cannot be denied merely because it is used for transportation of cargo between Indian ports which are connected by rail / road
- Amendment in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), No. 92/2007-Customs, dated the 3rd August, 2007
- DGFT – Regarding Notification no 64 dated 4th August 2011 for import of rough marble blocks for the year 2011-12
- Reverse Repo Window under Liquidity Adjustment Facility and Marginal Standing Facility – Change of Timing
- 10th All India Elocution Competition – 2011
- How to track your Income tax Refund online
- Income arising from activities which are only incidental to the business of developing, operating and maintaining infrastructure facility will not qualify for deduction under s. 80IA
- Compounding of offence is impermissible after the filing of the complaint, or where the person has already been convicted by a competent court
- Whether when the assessee is engaged in the travel business, income can be said to have accrued only after the customer boards for the cruise and departs or immediately after the ticket is booked?
- For the Purpose of sub-section 14(c) of s. 80-IB term ‘begins to manufacture or produce articles or things’ means the manufacture or production for the purpose of commerce and not for the purpose of testing
- Presence of a profit motive cannot lead to a conclusion that the transaction has been entered into as an adventure in the nature of trade ; Profit on Sale of TDR held as Capital Gain
- SEBI – Foreign investors who meet KYC requirement may invest in equity and debt schemes of Mutual Funds
- Investment in the units of Domestic Mutual funds
- Fm confident of Applicability of Direct Tax Code from 1st April 2012
- Companies Bill 2011 under finalization and will enable shareholders to file ‘class action suits’ in case of fraud
- Govt taking action against companies misusing IPO money
- Foreign Companies – 3112 companies incorporated outside India are having place of business in India but none in Bihar
- No proposal to close the inoperative Employees Provident Fund accounts
- 126102 Trade mark Disputes are under opposition and pending and 8183 files are missing
- FM – Our Economy can Address Concern Out of Recent Delevements in USA & Eurozone
- Recommendations of Supreme Court about Tribunals
- ICAI issues clarification on filling of Roll Number in IPCE and CA Final Examination Form
- CA Final November 2011 Examination Application Form – Clarification on error
- RBI Statement on Recent Global Developments
- Taxability in respect of International Private Leased Circuit (IPCL) charges and amendment in the definition of Telegraph Authority u/s 65 (111) of the Finance Act, 1994
- Opening of ‘Small Bank Account’ – NREGA job card and letters issued by the UIDAI can be treated ac KYC documents
- Trade Restrictions by WTO
- US Employment…….. Dow Jones Bubble
- When assessee mistakenly offers to tax interest income and also pays tax on such income, assessee should make rectification and /or waiver petition
- When the assessee does not get exclusive right over the technical knowhow and the trade mark, the royalty paid is revenue expenditure
- Benefit of s 43B(a) cannot be denied to the assessee on the ground that the excise duty was paid in advance in accordance with the mercantile system of accounting
- Activity of converting boulders into grit/stone chips/powder amounts to production and the assessee is entitled to a deduction under s 80-IB
- Income Tax Department to share PAN database with NATGRID
- FM – Confident to Achieve Appreciable Growth Despite Negative Sentiments Across the World;
- No Tax On Supply Profits Despite Permanent Establishment in India – AAR
- e-Filing for AY 10-11 – Quick Statistics (as on 31st July 2011)
- Government considering proposal to extend EPF to all companies with over 10 employees
- Opening of multi-brand retail to foreign investment moved one more step
- Substitution of term Micro and Small Enterprises in place of SSI in the documents
- Seeks to levy anti-dumping duty on imports of Sodium Formaldehyde Sulphoxylate (SFS) originating in, or exported from, China PR for a further period of five years pursuant to the final findings of Sunset review investigations conducted by the Directorate General of Anti-dumping and Allied duties
- If there is no failure to disclose fully and truly all material facts necessary for the purpose of the assessment, then the reopening of the assessment beyond four years from the end of the relevant assessment year is unsustainable
- Interest paid by the assessee, on account of an investment in its sister concern from borrowed funds for the acquisition of shares in a subsidiary company in order to have control over that company, is eligible for a deduction under s 36(1)(iii)
- Expenditure incurred on the total reconditioning and overhauling of the machinery, which had outlived its utility, by replacing many vital parts in order to make the same functional cannot be treated as current repairs
- When the assessee is already granted exemption u/s 10(23C)(vi), the fresh application of exemption cannot be rejected
- Opportunity of being heard is required to be given to the director of the private limited company before initiation of recovery proceedings pursuant to the issuance of a notice under s 179(1)
- When assessee fails to rebut the addition made by the AO in respect of undisclosed income found during the search and also chooses not to file appeal against the huge quantum addition, penalty is warranted in such circumstances
- Expenditure incurred in foreign exchange is to be reduced from the total turnover while computing the deduction under s 10A
- Tax cannot be levied on an amount wrongly paid to a person because of a mistake made by the payer – ITAT Mumbai
- Bombay HC upholds Service Tax on Renting of Immovable property
- MCA introduces Company Law Settlement Scheme, 2011 for default in filing of Annual Return, balance Sheet, P/L a/c, Compliance Certificate
- Income tax Department detect and deletes 11.69 lakh Multiple PAN Card
- Income Tax Department takes Several Punitive and Deterrent Steps to Unearth Unaccounted Money And Curb Tax Evasion
- Whether Iron and Steel structures manufactured and used captively in the factory for installation of the Sugar manufacturing plant by the assessee can be classified as capital goods under Rule 57Q of the Central Excise Rules, 1944?
- Service tax is payable on Sale of SIM cards, no sales tax – even if Sales tax is wrongly paid, Service Tax is payable – Supreme Court
- Electricity tariff is leviable at Commercial rates on Residential premises used by advocates for Commercial Activities
- CBDT Committee examining Amendment required in Law to Prevent Black Money
- 16 Imported Luxury Cars Seized between April,2011 to July 2011 for evasion of duty of Rs.4.87 crores
- RBI’s Monetary Policy Stance Aims to Maintain an interest Rate Environment that Moderates Inflation and Anchors Inflationary Expectation
- Whether when assessee files loss return, Revenue’s appeal is not sustainable on the ground of tax effect being Nil or lower than the monetary limit fixed by the Board ?
- Depreciation to be allowed on assets even if cost fully allowed as application of income under section 11
- While invoking the provisions of s 40A(2), the reasonableness of expenditure for the purposes of business has to be judged from the point of view of a businessman and not that of the revenue and after considering the nature of the business
- dditional Director of Income Tax (Investigation) is duly authorised to issue warrants of search in view of the retrospective amendment of s 132(1)
- Deduction under s 36(1)(vii) is allowable if the amount was advanced in the ordinary course of business and the debt was written off as irrevocable in the books of accounts
- Collecting jewellery of 906.900 grams by a woman in a married life of 25-30 years could not be treated as excessive
- Whether issue of notice u/s 143(2) is mandatory for assessment u/s 153A?
- Renting of Mobile Towers liable to VAT, not service tax
- Online transmission of DES (Advance Authorization), EPCG and DEPB at Air Cargo Complex, Cochin location w.e.f. 08.08.2011
- Standing Committee on Commerce Invites Suggestions of Public on ‘Performance of Plantation Sector – Tea and Coffee Industry’
- SEBI – Informal Guidance sought by you in terms of SEBI (Informal Guidance) Scheme, 1999
- An inadequate enquiry on the part of the AO would not, by itself, give occasion to the Commissioner to pass orders under s 263 merely because he has a different opinion on the matter
- Transfer Pricing – Comparable transaction prices obtained from customs authorities can be used for Arm’s Length Pricing
- AO to record satisfaction regarding existence of undisclosed income before proceeding u/s. 153C of the Act
- Assessee is entitled to deduction 43B based on the tax audit report even though no supporting evidence for payment was produced before the AO
- Regarding Prohibition on Carrying rice in baggage by air passengers travelling to USA
- GMR challanges AAR ruling imposing service tax on MRO activities rendered within the SEZ in HC
- Corporate Identity Number (CIN) is mandatory for all types of companies registered in India
- Video Conferencing mandatory in Annual General Meetings (AGMs) of listed companies from financial year 2012-2013 and onwards
- No proposal to get the statutory auditors appointed by a Regulatory Authority in respect of listed companies
- India Have 156K dormant companies out of which maharashtra has 35K, Delhi Second with 28K
- Competition Law – CCI (Form and Time of Preparation of Annual Report) Amendment Rules, 2011 – Amendment in Schedule
- Vodafone – Overseas transactions between two foreign companies cannot be taxed in India under present Income Tax Act
- CBEC – Institution of an annual award for officers and trade to encourage knowledge acquisition and capacity building
- ICAI issues Know Your Client (KYC) norms for members in Practice
- ICWAI – President Message August, 2011
- Company Secretaries can also verify Company Information in Winding up Cases
- Investor can now file their complain on MCAs website
- ICAI put on hold its notice dated 23.06.2011 related to Period of validity of Registration in CA Course
- Supreme Court- Proviso to s. 14A bars reassessment but not original assessment on the basis of the retrospective amendment
- States FMs panel on GST to meet on Aug 19
- Sebi clears single-window clearance for prior approvals
- HDFC Bank starts income tax payment facility through ATMs
- EOI – Empanelment of External Experts for assistance in IS Audit Function
- SEBI – Processing of Investor Complaints in SEBI Complaints Redress System (SCORES)
- DGFT – ICD Merripalem, Guntur District, (AP) included under para 4.19 of HBP v.1 for availing export promotion benefits
- Availability of DEPB benefit on export of Cotton made on or after 01.10.2010
- DGFT – Restoration of DEPB benefit on export of ‘Cotton yarn including Melange Yarn’
- DGFT – Quota of Skimmed and Whole Milk Powder under Tariff Rate Quota Scheme, amendment thereof – PUBLIC NOTICE NO.66 (RE-2010)/2009-2014
- Import policy of Worked monumental or building stone (except slate) and articles thereof, other than goods of heading 6801; mosaic cubes and the like, of natural stone (including slate), whether or not on a backing; artificially coloured granules, chippings and powder, of natural stone (including slate)
- RBI – Reconstitution of the Technical Advisory Committee on Monetary Policy
- DGFT – Policy for issue of import licenses of Rough Marble Blocks for the Financial year 2011-12
- DGFT – Export of Cotton [ITC (HS) Code 5201 and 5203] – obtaining of Registration Certificate – Notification No. 63 (RE-2010)/2009-2014
- DGFT – Re-import of perishable edible / food products for export again – Policy Circular No.35
- CBI arrests G.M. BCCL, Dhanbad, Jharkhand for offering bribe of Rs.5 lakh to an officer of CBI
- RBI – Policy Guidelines for issuance and operation of Prepaid Payment Instruments in India
- RBI – Security Issues and Risk mitigation measures related to Card Not Present (CNP) transactions
- CBI registers two cases relating to alleged irregularities in the funds allotted to the National Rural Health Mission
- PT Circular 12T of 2011 on Relief in Profession Tax to Mathadi Mandal, Mathadi kamgar etc in Maharashtra
- IRDA circular on Asset-Liability management and Stress testing for Non Life insurance and Reinsurance Companies
- IRDA circular on Asset-Liability management and Stress testing for Life insurance Companies
- Discrepancy shown in the tax audit report in respect of stock, which is duly explained by the assessee cannot be declared as unexplained investment
- If a deduction under s 80-IA has been taken, a deduction under s 80HHC is not admissible
- Interest income received by the co-operative bank from advance rent is eligible for a deduction under s 80P(2)(a)(i)
- Whether mere sale of development rights would equate to activities of developer and builder eligible for deduction u/s. 80-IB
- Transfer pricing – Internal comparability to be given preference over external comparables
- Maharashtra VAT – Additional Instructions for Filling Annexures to Form 704
- CBDT Chairman Releases Dos and Don’ts Manual 2011 for departmental use
- RBI seeks Public Comments on Report on Customer Service of Banks
- Lifting Ban on Export of Non-Basmati Rice
- Incentives for Textile Sectors; Proposal for Scheme for Integrated Textile Parks
- Govt to end gas Subsidy for people with annual income of Rs 6 lakh
- SC to hear Vodafone’s Rs 11000 crore tax dispute tomorrow
- Minister of State for Finance Releases Nabard-Giz RFIP Synthesis Report on Study of Remittance needs and Opportunities in India
- Empanelment with ALLAHABAD BANK for Concurrent/ Revenue Auditor, Last Date – 13th August,2011
- Performance of SEZ in last three years
- Message from the ICSI President July, 2011
- CBI registers four new cases regarding manipulation in AIIMS Entrance Exams
- Income earned by a non-resident by providing offshore service vessels on time charter basis is covered under Section 44BB
- Loss from a 10A unit is to be adjusted against taxable profit of other units after allowing deduction under section 10A in respect of such eligible unit
- Custom Duty – Amends Notification No.16/2011-Customs(N.T) dated the 1st March, 2011
- Inflation, Interest and Impact
- Comments invited from trade and industry for ‘On-Site Post Clearance Audit at the Premises of Importers and Exporters Regulations, 2011′
- DGFT – Export of Cotton [ITC (HS) Code 5201 & 5203], amendment in nature of restriction
- No penalty can be levied under s 271(1)(c) when there was only the CBDT Circular on the taxation of ESOP shares and where the assessee offered certain income in a particular year and paid taxes bona fidely and the AO taxed the same in another year
- FEMA – Exim Bank’s Line of Credit of USD 4 million to the Government of the Co-operative Republic of Guyana
- Comprehensive Guidelines on Derivatives – Modifications
- SEBI- Stock exchanges to send details of transactions to the investors through SMS and E-mail alerts
- Custom Duty- Seeks to notify the Customs Tariff (Determination of Origin of Goods under the Comprehensive Economic Partnership Agreement between the Republic of India and Japan) Rules, 2011
- In the absence of any cogent evidence to show that the transaction was not genuine, the amounts received by an intermediary cannot be assessed in the hands of the assessee
- CPT (Paper- Pencil Mode) will be held on Sunday, 18th December, 2011
- Whether the Tribunal was justified in deleting the unexplained investment on the fact that there was no difference in the cost of construction declared by the Assessee and that worked out by the DVO
- Reopening of the assessment is unsustainable if no reason exists to believe that the income chargeable to tax has escaped assessment
- Cases Pending in High Courts and Supreme Court on 30.06.2011
- CBI registers a case against the then Chief Postmaster General, Maharashtra and Goa for possession of Disproportionate Assests
- PF contributions need to be deducted for training period of Junior Officers/Junior Accounts Officers and other similarly placed employees
- Balance in PF account can not be disclosed under RTI
- MCA issues Master Circular on Prosecution of Directors
- Corrigendum to General Circular No. 54/2011
- Benefits of lower tax rates of 10 per cent as per proviso to section 112(1) is not available where shares of listed company are sold in off-market mode
- Entitlement of number of trainees by Company Secretary in Practice
- Highlights of Economic Outlook 2011-12
- India’s Foreign Trade – June, 2011
- FM says fundamentals of the economy are strong
- M.C. Joshi Takes Over as Chairman, CBDT
- Naved Masood takes over as new Secretary, Ministry of Corporate Affairs
- IRDA issues Exposure Draft on Pension Products
- SEBI- Indicative portfolio or yield in close ended debt oriented mutual fund
- CBI arrests a field officer of State Bank of India in a bribery case
- Misuse of Banking Channels – Issue and Payment of Demand Drafts for Rs. 50,000/- and above
- Amends notification no.06/2006-CE dated 01.03.2006 vide Notification No. 38 /2011 –Central Excise,
- Regarding exemption to specific goods when imported into India from Japan – Notification No. 69/2011-Customs
- Amends Notification No. 46/2011-Customs, dated the 1st June, 2011 vide Notification No. 68/2011-Customs
- Deduction of Tax at Lower Rate on Salary
- TDS on Salary Paid in Foreign Currency
- Adjustment for Excess or Shortfall of Deduction of TDS on salary
- Names of income tax defaulters would be made public- Pranab Mukherjee
- Supreme Court asks ICAI to proceed against Satyam auditor after October 3
- India japan CEPA comes into force Commerce Secretary calls it a Major Step for a larger East Asian Partnership
- IRDA circular on Fund Approval Procedure and NAV Guidelines
- EPF – Mere filing of appeal without obtaining any relief from the Appellate authority shall not preclude or prohibit the authorities to proceed further in the matter for recovery of the amount
- SEBI asks Promoters to disclose initial Shareholding and thereafter considerable changes in it
- Sibal to convert 1.5 lakh Post Offices into banks
- Former Additional Commissioner of Income Tax gets four years RI
- Sebi askes stock exchanges to penalise brokers transferring trades from one trading account to another after terming them as ‘punching’ errors
- PMO Explains ‘At Arms Length’
- Maharastra Profession Tax – Mandatory e-return for PTRC Monthly filers
- MVAT- Addition of new Banks as Govt. Treasury – Can Receive MVAT Payment
- CIT, Bangalore Vs M/s Maxim India Integrated (Karnataka High Court) (Dated – July 26, 2011)
- Penalty should not be imposed for if Assessee Paid service tax along with interest and late fee deposited before issue of Show Cause Notice
- GOvernment investigating details of assets and payments received by Indian citizens in several countries
- Transfer Pricing – Pygmies Not Comparable With Giants
- CBI books Air India former GM in Rs 1.4 Cr fraud case
- Comments, views and suggestions solicited on draft ‘Customs (Provisional Duty Assessment) Amendment Regulations, 2011’ latest by 13th August, 2011
- XBRL statement can be filed up to 30.11.2011 without any additional fee and can be certified by CA, CS, CWA
- MCA releases XBRL Validation Tool
- Govt. releases draft of National Land Acquisition and Rehabilitation and Resettlement Bill, 2011
- Initiatives Taken by The Institute of Chartered Accountants of India (ICAI)
- Ministry of Corporate Affairs Releases Draft of ‘National Competition Policy for India’ for comments
- ICAI hosted Multipurpose Empanelment Form (MEF) 2011-12, Last Date for Application is 27th August, 2011
- SEBI Board meeting – Proposed New Takeover Code
- ICAI President’s Message – August 2011
- Regarding Making E-payment of Customs duty mandatory -Circular No. 33/2011-Customs
- ICAI asks govt. to amend Income Tax Act
- May 2011 PCE and IPCC Examination Results likely on 8th August, 2011
- ICAI decides to waive off the cost of application form (i. e, Rs 500/-) in respect of candidates who fill in their Examination forms online
- Stay on operation of Trade Notice No. 13 dated 27.07.2011 for export of non-Basmati rice
- Transfer Pricing – whether the Tribunal was justified in entertaining the additional ground for exclusion of comparable
- When deductions claimed by the assessee are debatable, rectification order u/s 154 cannot be passed
- When assessee has made surrenders in the previous years, then AO can not make addition by treating the cash deposited in banks as undisclosed
- Derivative transaction entered prior to notification defining Recognised Exchanges is also eligible to be treated as non speculative transaction
- Rectification of an order does not mean deletion of the order originally passed and its substitution by a new order
- Blending of different types of tea comes within the purview of the word ‘processed’ within the meaning of s 80HHC(3)(a) of the Act
- Reasons are required to be recorded by the AO on valid material and an assessment cannot be reopened on mere assumptions
- For the levy of FBT, the application of s 115WC(2)(b) cannot be restricted only to the business relating to civil construction and it will cover the business activity of the assessee carried on
- Depreciation on pre-operative expenses allocated to fixed assets is allowable under s 32 since expenses were incurred for setting up of fixed assets during the trial run
- Only profit on the sale of the licence should be chargeable to tax under s 28(iiia) and not the profit which may come in the future on the sale of the licence
- Lokpal Bill government’s top priority,will be introduced in Lok Sabha by 3rd August 2011
- Income arising to foreign company by way of fees for technical services – Notified foreign company – EADS Deutschland GmbH, Germany notified u/s 10(6C) of The Income Tax Act
- Sebi approves uniform customer identification process for investors in different segments
- CBI arrests a DGM of NBCC in a bribery case
- Amends Notification No. 36/2001 – Customs (N.T.), dated, the 3rd August, 2001 vide Notification No. 54/2011 – Customs (N. T.)
- Announcements – Amendment in Council General Guidelines , 2008
- MVAT – Extention of Due Date for Payment of PTEC for 2011-2012
- ICAI Announces Definition of Relative in Chapter-IV of the Council General Guidelines, 2008
- Custom Duty – Provisions of Finance Act, 2011 (8 of 2011) will come in force from 1st day of August, 2011
- SEBI – Allocation of Government debt long term limits to FIIs – Circular No. CIR/IMD/FIIC/11/2011
- Amends Central Excise (Third Amendment )Rules, 2002 vide Notification No 19 /2011-Central Excise (N.T.)
- Excise Duty – Provisions of Finance Act, 2011 (8 of 2011) will come in force from 1st day of August, 2011
- Regarding anti- dumping duty on certain Rubber Chemicals originating in, or exported from, certain countries- Notification No.67 /2011-Customs
- Regarding DPC for promotion to the grade of Chief Commissioner of Income Tax (CCIT) in the CBDT, Department of Revenue
- MVAT- Mandetory e-return for PTRC holders from 01.08.2011
- Thin Capitalization Rules – ‘Debt to Equity to Tax can no longer be tossed’
- Blocking of DIN consequent to non-filing of Statement of Affairs (SOA)
- Draft Circular on Providing Gifts to shareholders during Annual General Meeting (AGM) of the Company – Comments Invited
- Foreign travel expenditure of the spouse of the Managing Director, pursuant to the board resolution, is allowable as business expenditure
- Bonus shares eligible for benefit u/s 115F of the Act if if original shares acquired in foreign currency – ITAT Mumbai
- Unabsorbed depreciation for and up to AY 1996–1997 could be carried forward and set-off against income chargeable under any head of income in any subsequent year
- Canvassing agent not business connection , Non-Resident, even with ‘business connection’, can be taxed only in respect of business operations carried out in India
- It is impermissible in a review petition for an assessee to re-argue and re-agitate the issues/questions which have been already considered and decided by the High Court
- ICAI – Campus Placement Programme for newly qualified Chartered Accountants, August-September, 2011
- Genuineness of transaction, being essentially a question of fact, cannot be lawfully raised for the first time before the Tribunal
- Section 35(1)(ii) of the Income-tax Act, 1961 – Scientific research expenditure – Approved social science or statistical research associations/institutions – Central Manufacturing Technology Institute, Bangalore
- Download Free E-Book on ‘The Process of E-filing of Income Tax Returns’
- Failure to issue a notice under s 143(2) does not render reassessment unsustainable when the assessment is in response to a notice under s 148
- CBDT Panel to curb black money to meet tomorrow
- In the absence of any satisfactory explanation for the late filing of the AIR , penalty can be imposed under s 271FA
- Chairman CBDT inaugurates special camp at Pragati Maidan, Hall No 12 and 12A
- Cabinet approves the Lokpal Bill, 2011
- CBDT Chairman – Tax collection targets for 2011-12 will be achieved
- India EU Reach an Understanding on Issue of Seizure of Indian Generic Drugs in Transit
- ICAI – Result of IRM on 8th August, 2011 held in May, 2011
- FEMA – FEM (Foreign Currency Accounts by a Person Resident in India) (Amendment) Regulations, 2011
- RBI – Relaxation to Trade and Industry in the State of Jammu and Kashmir extended up to March 31, 2012
- Rate of exchange of conversion of each of the foreign currency with effect from 1st August, 2011
- DGFT – Allocation of quantities of non-Basmati rice for export in terms of Notification No. 60 dated 19.07.2011
- Notice u/s. 148 of the Income Tax Act,1961 Invalid If Delivered Late To Post Office
- ITAT criticises AO for harassing the assessee by wrongly levying penalty
- Jurisdictional CIT should not be part of DRP to avoid Bias- Uttarakhand High Court
- Counterfeit notes – Banks to Lodge FIR if they detects 5 or more notes in a single transaction
- Income Tax Returns – Special counters for Delhiites
- Section 35AC, read with Explanation (B) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Subhag Mahila Utkarsh Trust, Gujarat etc.
- FSDC asks Government to strengthen interaction with rating agencies
- Custom – Cess not payable on on export of Lac/shellac
- Exposure Draft of Taxonomy for Non-Banking Financial Companies (NBFCs)
- RBI’s Master Circular dated 1-7-2011 on Branch Authorisation
- RBI’s Master Circulars dated 1-7-2011 on Prudential Guidelines on Capital Adequacy and Market Discipline- New Capital Adequacy Framework (NCAF)
- Regarding anti dumping duty on Poly Vinyl Chloride Paste Resin, originating in, or exported from, People’s Republic of China, Japan, Republic of Korea, Malaysia, Russia, Taiwan and Thailand – Notification No.66 /2011-Customs
- RBI’s Master Circular dated 1-7-2011 on Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances
- CBI arrests two Superintendents of Central Excise in a bribery case
- India Signs an Agreement and Protocol for Avoidance of Double Taxation and Prevention of Fiscal Evasion (DTAA) with Lithunia
- Procedure for Obtaining Online Approval of Central Government Under Section 297 of the Companies Act, 1956 Simpified
- Anand Sharma Restores DEPB Benefits for Cotton and Cotton Yarn
- RBI Gives Strong Signal to further Moderate Inflation and Check Inflationary Expectations by making 50 basis Points Increase in Policy repo rate
- Scrutiny inspection and investigation in all winding up cases
- Pro-active action in case of winding up petitions – GENERAL CIRCULAR NO. 54/2011
- Guidelines for RDs/ROCs in the matter of scheme of arrangement / amalgamation under section 391-394
- Ministries gear up for Parliament Session beginning on 1st August
- Club or association service- Exemption to services provided by an association of dyeing units in relation to specified project
- Loans to go costlier as RBI hikes key rates again, 11th time since Jan 2010
- First Quarter Review of Monetary Policy 2011-12 – Press Statement by Dr. D. Subbarao, Governor
- Exemption from requirement of furnishing return of income for A.Y. 2011-12 where income does not exceed Rs. 5 lakhs – Assessee has option to avail said exemption
- CBDTs Tax Collection Strategy for FY 2011-12
- MCA Simplifies procedure for obtaining online approval of Central Government u/s 297 of the Companies Act, 1956.
- ROC simplifies Simplified procedure for rectification of register of charges under section 141 of the Companies Act, 1956
- MCA simplifies procedure for obtaining confirmation of shifting of registered office from one state to another state u/s. 17 of the Companies Act, 1956
- Online incorporation of companies within 24 hours
- India to be 2nd Largest Steel Producer by 2013 – Shri Beni Prasad Verma
- India- UK Reaffirms their Commitment to Strengthen their Economic and Financial Relations
- Amends Notification No. 3/2006-Central Excise dated the 1st March,2006 thereby exempting food preparations including food preparations containing meat, falling under chapters 16 or 19 (except chapter heading 1905) which are prepared or served in a hotel from Central excise duty
- Amends Notification No. 23/2011-Central Excise dated the 24th March, 2011 thereby exempting food preparations including food preparations containing meat, falling under chapters 16 or 19 (except chapter heading 1905) which are prepared or served in a hotel from Central excise duty
- Exim Bank’s Line of Credit to the Indo – Zambia Bank Limited – A.P.(DIR Series) Circular No.06
- Exim Bank’s Line of Credit of USD 20 million to the Government of the Kingdom of Swaziland -A.P. (DIR Series) Circular No. 05
- Liquidity Adjustment Facility – Repo and Reverse Repo and Marginal Standing Facility Rates – Circular No. FMD.MOAG. No.61/01.01.01/2011-12
- Standing Liquidity Facilities for Banks and Primary Dealers – Circular No. REF.No.MPD.BC. 347/05.02.001/2011-12
- Utilising Certified Facilitation Centers (CFCs) Service for XBRL Filing Of Financial Statements From 2010-11 Onwards
- First Quarter Review of Monetary Policy 2011-12
- RBI’s Master Circular dated 1-7-2011 on Prudential Norms on Capital Adequacy – Basel I Framework
- RBI instructed banks to issues only signed Cheque Return Memos
- Exim Bank’s Line of Credit of USD 20 million to the Government of the Republic of Mozambique – A.P. (DIR SERIES) CIRCULAR NO. 4, DATED 25-07-2011
- Newly Elected President and Vice President of ICWAI
- Procedure for verification of answer books of CA Final, PCE, IPCE/ATE-Units, Examinations-May 2011 and CPT-June 2011
- Cost Accounting Standard Board invites comments on Exposure Draft – Generally Accepted Cost Accounting Principles (GACAP)
- LLPs in Revival Mode
- Empanelment Form for Observers for the CA Exam to be held in Nov-2011 and the Common Proficiency Test to be held in Dec, 2011
- DIN must to form LLP
- 15 services likely to be exempted from service tax- No Death Tax and No Service Tax on Funeral
- Amendment to Article 243 D of the Constitution of India for enhancing reservation for women in Panchayats
- P. Chidambaram Releases Book on ‘Disaster Management in India’
- ICAI – Non-Applicability of Point of Taxation (POT) Rules, 2011 and Consequential Amendments for November 2011 Examinations
- CAG’s Audit Advisory Board (AAB) Constituted
- Amendment in the Customs Act, 1962 to validate Show Cause Notices issued for demand of Customs duty
- Enactment of a new legislation in place of Benami Transactions (Prohibition) Act, 1988 – Introduction of the Benami Transactions (Prohibition ) Bill, 2011
- November 2011 CA Final, PCC, and IPCC Exams- ICAI delares details (Dates, Centers, Exam Fees , Last Date Etc.)
- Frequently asked Questions About Nuclear Power
- Inclusion in /exclusion from the Second Schedule to the RBI Act, 1934 – RRBs
- RBI’s Master Circular dated 1-7-2011 on Housing Finance
- ICAI – Advertisement for the Post of Technical Director
- Revised FAQs relating to implementation of new CAP-II (MI5-III)
- RBI’s Master Circular, dated 1-7-2011 on Rupee/Foreign Currency Export Credit & Customer Service to Exporters
- Schedule of XBRL Programme to be Organised By ICSI and Its Regional Councils and Chapters
- RBI’s Master Circular dated 1-7-2011 on Know Your Customer (KYC) norms/Anti-Money Laundering (AML) standards/Combating of Financing of Terrorism (CFT)/Obligation of banks under PMLA, 2002
- RBI’s Master Circular dated 1-7-2011 on Branch Licensing – Regional Rural Banks (RRBs)
- MCA issues List of Companies, Directors and Company Secretaries who defaulted in filing of annual accounts and return for any financial year from 2006-07 to 2009-10
- RBI’s Master Circular, dated 1-7-2011 on Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR)
- BAS – Service tax on Computer Embroidery work
- Company Law – Payment of fees to CAs in cases where funds are not permitted from Common Pool Fund
- Income Tax – Guidelines for Prior Permission under Section 281 to create a charge on the assets of Business
- ITD starts displaying information of TDS defaults on Website
- RBI’s Master Circular dated 1-7-2011 on Classification and Reporting of Frauds
- RBI’s Master Circular dated 1-7-2011 on Disclosure in Financial Statements – Notes to Accounts
- RBI’s Master Circular dated 1-7-2011 on Frauds – Classification and Reporting
- Amends Notification No. 6/2006-Central Excise, dated the 1st March, 2006 vide Notification No. 35/2011-Central Excise
- FEMA – Rupee Trade – Hedging facilities for non-resident entities
- Amends Notification No. 21/2002- Customs, dated the 1st March, 2002 vide Notification No. 65/2011-Customs
- Regarding In exercise of the powers conferred by sub-rule (1) of rule 3 of the Customs Tariff (Identification, Assessment And Collection Of Countervailing Duty On Subsidized Articles And For Determination Of Injury) Rules, 1995, and in supersession of Notification of the Government of India, in the Ministry of Finance, Department of Revenue, No. 3/95-Customs (N.T.) dated 1st January, 1995
- RBI’s Master Circular dated 1-7-2011 on Interest Rates on Advances
- RBI’s Master Circular dated 1-7-2011 on Customer Service in Banks
- RBI’s Master Circular dated 1-7-2011 on Prudential norms for classification, valuation and operation of investment portfolio by banks
- Use of Trade Mark after termination of relationship is illegal
- Jalandhar Improvement Trust Versus Vinod Kumar (SC)
- Name Availability Guidelines, 2011 and revised e-form 1A shall be implemented with effect from 24th July, 2011
- MSK Projects (I) (JV) Ltd.Versus State of Rajasthan & Anr (Supreme Court)
- Section 35AC, read with Explanation (B) thereto, of the Income-tax Act, 1961 – Eligible -projects or schemes, expenditure on – Notified eligible projects or schemes – Srinivasan Services Trust, Chennai – Corrigendum to Notification No. S.O. 1390(E), dated 14-6-2011
- Regarding Classification of Palm Stearin – Circular No.31/ 2011-Customs
- Public Provident Fund (PPF) – Investment Limit, Income tax benefit
- Maintenance of separate books of account for STP units is not a prerequisite to avail deduction under section 10A
- CUP method not suitable to benchmark royalty payment in the absence of comparable uncontrolled transactions
- Pass Percentage and Analysis of Results of CA Final Examination held in May, 2011 and CPT(Paper Pencil Mode) held on June 19, 2011, CA Final Toppers
- CBI raids 7 Customs officials of Trivandrum Airport
- An assessee cannot be said to be a defaulter in payment of advance tax if he had no liability to pay any advance tax under s 208 on any of the due dates for payment of the advance tax
- DGFT – Validity of extension for export of 6,50,000 tons of wheat products upto 31.03.2012.
- ITAT Pune -Domestic segment cannot be regarded as a comparable for the export segment
- DGFT – Government allows export of non-basmati rice at USD 400 per tn MEP
- Delhi Vat department detects Tax evasion in sale of diamonds worth Rs 5,150 cr
- Activity of ONGC for providing its staff on deputation to DGHC for a remuneration in the form of reimbursement from DGHC, is chargeable to service tax under ‘Manpower Recruitment or Supply Agency’s Service’
- Amends Notification No. 64/95-Central Excise, dated the 16th March, 1995 – Vide Notification No. 34/2011-Central Excise
- Amends Notification No. 39/96-Customs, dated the 23rd July, 1996 – Vide Notification No. 64/2011-Customs
- Amends Notification No.21/2002-Customs, dated the 1st March, 2002 vide Notification No. 63/2011-Customs
- Amends Notification No. 41/2007-Customs, dated the 19th March, 2007 Vide Notification No. 62/2011-Customs
- Interest Rates on Rupee Deposits held in Domestic, Ordinary Non-Resident (NRO) and Non-Resident (External) (NRE) Accounts – RBI’s Master Circular dated 1-7-2011,
- RBI’s Master Circular dated 1-7-2011 on Loans and Advances – Statutory and Other Restrictions
- Where assessee paid tax by way of TDS in respect of interest paid to a bank which never accrued to said bank, such tax paid was to be refunded to assessee
- Loss making companies cannot be rejected as comparables simplicitor on ground of losses but can be excluded on other comparability aspects
- Arm’s length price in case of interest on extended credit period granted to an Associated Enterprise shall be determined on the basis of USD LIBOR and not on any other currency denominated loan rate
- EPFO to seek legal view on nationwide implementation of HC order not allowing splitting of wages for calculation of PF
- Discussion Paper – FDI Policy-Rationale and Relevance of CAPS
- Penalty U/s. 271 (1)(c) can not be imposed merely for non allowance of deduction claimed by the Assessee
- Unless there is positive act on part of creditor in current year providing benefit to assessee by way of remission, outstanding credit liability cannot be held to have been remitted in favour of assessee
- India Fully Committed to Combat Money Laundering and Financing of Terrorism – FM
- Development fee is chargeable to service tax under the ‘airport service’
- Refund of 4 Per cent CVD (SAD)-Extension of time upto 15th September, 2011 for using re-credited 4 Per Cent CVD (SAD) amount in DEPB.
- Amendment to the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 20/2006-Central Excise (N.T), dated the 30th September, 2006
- Format of Form E.R.1 / E.R. 3 for monthly / Quarterly return for production and removal of goods and other relevant particulars and CENVAT credit
- Regarding Export warehousing –Extension of facility at Tijara Tehsil of Alwar District in the state of Rajasthan
- Regarding Prosecution of Directors – General Circular No.47/2011
- Waiver of approval of Central Government for payment of remuneration to professional managerial person by companies having no profits or inadequate profits
- Shri R.S. Gujral appointed Finance Secretary
- 31 Proposals of FDI Amounting to Rs. 3844.70 Crore Approved
- Result of the ISA Assessment Test held on 18th June, 2011 declared
- RBI’s Master Circular dated 1-7-2011 on Para-banking Activities
- RBI’s Master Circular, dated 1-7-2011 on Lending to Micro, Small & Medium Enterprises (MSME) Sector
- RBI’s Master Circular dated 1-7-2011 on Bank Finance to Non-Banking Financial Companies (NBFCs)
- RBI’s Master Circular, dated 1-7-2011 on Export Credit Refinance Facility – Circular No. MPD. NO. 345/07.01.279/2011-12, Dated 01-07-2011
- Clarification on Point of taxation Rules in respect of ‘Completion of service’
- Canada Tax Court Explains Tax Avoidance and General Anti Avoidance Rule (GAAR)
- Despite Tax Avoidance, 100 Per cent Depreciation on Sale and Lease Back Allowable – Delhi High Court
- Transferred Officers not Relieved – CBEC viewed non-compliance of its orders very seriously
- Dr. M.Virappa Moily gives away ICWAI 8th National Awards for excellence in Cost Management 2010
- Copyright Board Reconstituted
- Amendment in Schedule XIII of the Companies Act 1956 regarding approval of Central Government for a subsidiary of a listed company
- FAQ on Exemption from filing of Income-tax Return for Salaried having total income not exceeding Rs. 5,00,000
- RBI’s Master Circular, dated 1-7-2011 on Credit Card Operations of banks
- Regarding continuation of anti-dumping duty on 1,1,1,2 – tetrafluoroethane or 134a
- Regarding Handling of Cargo in Customs Areas Regulations, 2009
- SEBI CIR/MRD/DP/ 10 /2011 -Establishment of Connectivity with both depositories NSDL and CDSL – Companies eligible for shifting from Trade for Trade Settlement (TFTS) to normal Rolling Settlement
- CBI raids Paramount Group office, residence of airline MD in connection with non-repayment of a large amount of bank loans
- New Companies Bill to come up in monsoon session – Corporate Affairs Minister
- Supreme Court Recalls its Directions to MoD in Pushpavanti Case
- Hasan Ali Khan stashed $800 million in banks in countries like U.S., Switzerland and Singapore
- Import of Sensitive Items During April-March 2011
- Determining the characterisation of an entity before the selection of most appropriate method is critical
- When a payment is compensatory in nature and not related to any deposit/debt/loan, then such a payment is out of ambits of provisions of section 194A
- Payment made for online banner advertisement on the portal of a foreign company not taxable as royalty
- As a goodwill gesture govt allows duty-free import of vegetable, fruits from Dhaka
- Govt plan to cover more services under service tax net
- 300 Political Parties not Filed IT Return, EC asks CBDT to issue notices
- Black money – Indians had deposits of about $2.5 billion in swiss banks
- Notification Amending Form No. 1A vide Notification Dated 14th July 2011
- Activity of ‘assembling’ amounts to manufacturing for relief u/s 80IB, employment of temporary workers enough to claim relief
- Lease rentals earned by a developer of Software Technology Park should be treated as business income
- Essential to prove involvement in physical activities of erection and commissioning of power project to be taxed under special provisions
- India Enters into Social Security Agreement with the French Republic
- Supply of spares used in prospecting for, or extraction or production of mineral oils in turnkey contract – whether eligible for presumptive taxation
- Payment made under non-compete agreement is capital expenditure and not result into acquisition of any intangible asset and could not be eligible for depreciation allowance and could not be claimed as deferred revenue expenditure
- Transfer of a ‘specific sale contract with a client’ is covered under the expression ‘right to manufacture, produce or process any article or thing’ under Section 55(2)(a) of the Income-tax Act, 1961 and hence taxable as capital gains
- Assessee not entitled to waiver of interest under s 234B and 234C on account of the non-adjustment of seized cash by the department against the tax liability
- Cooperative bank entitled to claim exemption u/s. 80P(2)(a)(i) in respect of income derived out of investments made from the voluntary reserves
- RBI’s Master Circular dated 1-7-2011 on instructions relating to deposits held in FCNR(B) Accounts
- RBI’s Master Circular, dated 1-7-2011 on Exposure Norms
- RBI’s Master Circular dated 1-7-2011 on SHG-Bank Linkage Programme
- RBI’s Master Circular dated 1-7-2011 on Collection of Direct Taxes- OLTAS
- Companies showing abnormal number of shareholders in e-Form 20B as per MCA data
- If the company has undertaken certain activities as mentioned in its original objects, then it is sufficient to conclude that the business has commenced and that the expenditure incurred by the assessee is allowable
- Mere non-filing of an appeal against the additions made by the AO and voluntary surrender of any amount to buy peace of mind alone cannot constitute sufficient grounds for the imposition of a concealment penalty
- Merely because assessee has not claimed refund in return form itself, it cannot be said that assessee not entitled to refund
- Discount offered by cellular companies to distributors on SIM cards and recharge coupons is in the nature of ‘commission’ on which tax is required to be withheld
- Grounds raising new questions which are essentially questions of fact cannot be permitted to be raised before high court and the Revenue in terms of sub-section 4 of Section 260A
- If assessee show that there was reasonable cause for taking money in cash, and amount did not also represent unaccounted money either of assessee or of persons from whom they were taken, normally it is sufficient to hold that penalty under section 271D is not justified
- Technical proprietary information and pre-qualification rights obtained by assessee cannot be treated as goodwill and assessee is entitled to depreciation on these two items of intangible assets
- MVAT – VAT Cir – 11T of 2011 – Non Applicablity of Notification No. CST-2002/CR-30/Taxation-2, dated 1st May 2002 u/s 8(5) of Central Sales Tax Act, 1956 -in respect of Motor Vehicle
- Central Board of Trustees of EPFO Appoints 4 Fund Managers
- 150 years of Income Tax in India – President and FM’s Speech, Download e-Brochure on Journey of Income Tax across three Centuries
- Minimum Export Price of Onions – Notification No 59 (RE – 2010)/2009-2014
- RBI- Branch Authorization Policy – Opening of branches in unbanked rural centres
- Regularization of Liaison / Branch Offices of foreign entities established during the pre-FEMA period
- Amends Notification No. 36/2001 – Customs (N.T.), dated, the 3rd August, 2001 vide Notification No. 47/2011-CUSTOMS (N. T.)
- Non-Receipt of ICAI Journal-Helpline
- Government’s Thrust on Upgrading and Induction of New Technology in the Services Rendered by it Department – FM
- Symbol Encoded in Unicode Standard and National Standard ISCII
- Anand Sharma to Recommend Duty Draw Back Relief on Cotton Yarn Exports
- Colourable Device and Gains Taxable In USA Parent’s Hands , Sale of shares of foreign company taxable if object is to acquire the Indian assets
- ICSI issues Guidelines for Peer Review of Attestation Services by Practising Company Secretaries
- ICAI extends Common Proficiency Course (CPC) Registration Date to 5th October, 2011 foe Exam to be held in December, 2011
- ICSI extends last date for payment of Annual Membership Fee for 2011-12 to 31st August, 2011
- ICAI announces Date for CA Final, PCC, IPCC exams to be held in Nov 2011
- Transfers and Postings Of Deputy / Assistant Commissioners of Income-tax vide CBDT Order No 122 of 2011 dated 15.7.2011
- Govt to implement Scheme of Assistance for Prevention of Alcoholism and Substance (Drugs) Abuse
- India to Host 14th Annual Meeting of Asia/Pacific Group on Money Laundering at Kochi From 18th to 22nd July, 2011
- 3 New Judges Appointed in the Bombay High Court
- Committee recommends tax incentives to revamp Export Oriented Unit (EOU) scheme
- SC directs Sahara to approach SAT against SEBI order directing to return the money collected from investors for an OFCD scheme
- Competition Appellate Tribunal (Procedure) Regulations, 2011 – NOTIFICATION F. NO. 9/22/2010-CS, DATED 15-07-2011
- Empanelment with UCO Bank for Concurrent Audit for CAs – Last Date 31.07.2011
- DGFT – Extension of period for document submission, scrutiny and issue of registration certificate for export of cotton [ITC (HS) Code 5201 or 5203]
- Exempts specified goods from customs duty for sale in Kalaichar and Balat border haats at Indo-Bangladesh border- Notification No. 60/2011-Customs
- NBFCs – RBI’s Master Circular, dated 1-7-2011 on Miscellaneous Non-Banking Companies (Reserve Bank) Directions, 1977
- RBI’s Master Circular dated, 1-7-2011 on Fair Practices Code
- RBI’s Master Circular dated 1-7-2011 on Corporate Governance
- RBI’s Master Circular dated 1-7-2011 on Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007
- Hero Group paid Rs 811 crore as capital gains tax – CBDT
- SC asks CBDT and CBEC to draft uniform policy on appeals in lost cases
- Despite Less than 30 day Holding, Share Gain is Short Term Capital Gain (STCG) and not Business Profit
- Government Together With RBI to Take all Appropriate Steps to Reduce Inflation to a Comfortable Level – FM
- It’s Time to File Your Tax Returns Now
- Draft Public Companies (Terms of Issue of debenture and of raising of loans with option to convert such debentures or loans in to shares) Rules, 2011
- Company Law – S. 397/398 -CLB Granting Injunctions Preventing AGMs ETC.?
- Bank bound to inform consumer before blocking credit card
- The AO is bound to furnish the reasons for the issuance of the notice under s 148 within a reasonable time so that the assessee can file objections to the issuance of the notice
- Recording of satisfaction by the AO is sine qua non before the issuance of notice under s 153C
- Tax sops withdrawal from SEZs to impact exports – Assocham
- Transfers and Postings of Commissioners / Directors of Income-tax – Order No 119 of 2011
- Amends Notification No.21/2002-Customs, dated the 1st March, 2002 vide Notification No. 59/2011-Customs
- SARFAESI – Securitisation Companies and Reconstruction Companies (Reserve Bank) Guidelines and Directions, 2003
- SARFAESI – Notification on Change in or Take Over of the Management of the Business of the Borrower by Securitisation Companies and Reconstruction Companies (Reserve Bank)
- SARFAESI – RBI’s Master Circular dated 1-7-2011 on Directions/instructions issued to the Securitisation Companies/Reconstruction Companies
- Income-tax authorities – Jurisdiction of – Amendment in Notification No. S.O. 732(E), dated 31-7-2001 vide NOTIFICATION NO. 38/2011 – INCOME TAX
- NBFCs – Miscellaneous Non-Banking Companies (Reserve Bank) Directions, 1977
- Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007
- RBI’s Master Circular dated 1-7-2011 on Opening of Branch-Subsidiary-Joint Venture-Representative office or Undertaking Investment Abroad by NBFCs
- RBI’s Master Circular dated 1-7-2011 on Mortgage Guarantee Companies Investment (Reserve Bank) Directions, 2008
- NBFCs – RBI’s Master Circular dated 1-7-2011 on Exemptions from the provisions of RBI Act, 1934
- NBFCs – RBI’s Master Circular dated 1-7-2011 on Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 1998
- NBFCs : RBI’s Master Circular dated 1-7-2011 on ‘Know Your Customer’ (KYC) Guidelines
- NBFCs – RBI’s Master Circular dated 1-7-2011 on Mortgage Guarantee Companies Prudential Norms (Reserve Bank) Directions, 2008
- NBFCs – RBI’s Master Circular dated 1-7-2011 on Miscellaneous Instructions to NBFC-ND-SI
- SARFAESI – The Securitisation Companies and Reconstruction Companies (Reserve Bank) Guidelines and Directions, 2003
- Whether, merely because Mumbai office is also involved in the business, the Hyderabad Unit cannot claim Sec 80IB benefits for manufacture of jewellery through various karigars spread across various locations?
- If a business liability is definite, the deduction should be allowed, although the liability may be quantified and discharged at a future date
- No addition can be made under s 28(iv) in the absence of any business or profession relationships.
- Commission received by a foreign company for assistance in arranging cargo transportation taxable in India on account of ‘business connection’
- Transfer pricing – Operating profit of different STP units rendering identical services to related parties should not be considered on a stand-alone basis for computing ALP
- Invocation of s 263 unjustified where Commissioner intended to substitute his own view in place of that of the Assessing Officer without pointing out as to how the action of the Assessing Officer is erroneous in law or on facts
- Transfer Pricing – As other income of the assessee is excluded from the net profit, the other income of comparable companies should also be excluded from their net profit and the full data of the comparables should also be provided to the assessee
- Expression ‘contractor’ does not include within its fold a subcontractor carrying out any work in pursuance of a subcontract with a sub subcontractor in AY 2006–2007
- Service tax is leviable on Flying Training School & Aircraft Maintenance Engineering Institutes
- CBDT allows Mahindra Satyam to file revised returns
- Terms of Reference of The Task Force on Direct Transfer of Subsidies Extended
- CBI arrests an Inspector of Central Excise in a bribery case
- Salman Khursheed Assumes Charge as Law & Justice Minister
- Result of CA final and CPT are likely to be declared on Tuesday,the 19th July, 2011
- ICAI Conclave with Trade Officials of Foreign Missions/Embassies
- Result of the ISA Assessment Test held on 18th June, 2011 is likely to be declared tentatively on 19th July, 2011
- Moily Says Corporate governance, new companies act top priorities
- Modification of SIONs A-2913 and A-263 under Chemical & Allied Products Group
- Think twice before choosing Lump sum payment of tax in Works contracts under PVAT Act
- RBI’s Master Circular dated 1-7-2011 on Non-Banking Financial Companies Auditor’s Report (Reserve Bank) Directions, 2008
- RBI’s Master Circular dated 1-7-2011 on Allied activities – entry into insurance business, issue of credit card and marketing and distribution of certain products
- RBI’s Master Circular dated 1-7-2011 on Guidelines for Issue of Commercial Paper
- RBI’s Master Circular dated 1-7-2011 on Future approach towards monitoring of frauds in NBFCs
- RBI’s Master Circular dated 1-7-2011 on Guidelines for Issue of Certificates of Deposit
- RBI’s Master Circular dated 1-7-2011 on Non-Banking Financial (Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007
- RBI’s Master Circular dated 1-7-2011 on Returns to be submitted by NBFCs
- RBI’S Master Circular dated 1-7-2011 on Regulatory Framework for Core Investment Companies (CICs)
- RBI’s Master Circular dated 1-7-2011 on Mortgage Guarantee Company (Reserve Bank) Guidelines, 2008
- RBI’s Master Circular dated 1-7-2011 on Miscellaneous Instructions to All Non-Banking Financial Companies
- RBI’s Master Circular dated 1-7-2011 on Nomination facility in Relief / Savings Bonds
- RBI’s Master Circular dated 1-7-2011 on Appointment & delisting of Brokers and Payment of Brokerage on Relief/Savings Bonds
- RBI – Lending to Priority Sector –Reporting Data on Priority Sector Advances
- SARFAESI – RBI’s Master Circular dated 1-7-2011 on Securitisation Companies and Reconstruction Companies (Reserve Bank) Guidelines and Directions, 2003
- Retail Electronic Payment Systems –NEFT / NECS / RECS / ECS – Levy of Processing Charges- Collection & Settlement of Inter-bank Charges
- Insurance – Servicing of Health Insurance Schemes offered by Bodies other than Insurance Companies – Draft Circular
- Insurance – Submission of Business Information related to Policies, premium, claims and Offices of General Insurance Companies
- Disclosure of undisclosed income in a revised return as a matter of purchasing peace would not render the penalty imposed under s 271(1)(c) unsustainable in absence of a satisfactory explanation with regard to its non-disclosure in the original return
- Assessee liable to deduct TDS under s 194C at 2 per cent on payment made for hiring the studio and utilising the dubbing facilities, which included service through the studio staff
- Carry forward of unabsorbed depreciation, as per s 32(2), is automatic and the assessee not required to fulfil any condition so as to be entitled to obtain such carry forward
- Amount of brought business loss and unabsorbed depreciation is not required to be first set-off before computing the deduction allowable under s 80HHC for the purpose of computing book profits, matter remitted to make calculation under s 80HHC
- Provisions of s 79 are not applicable to company originally registered as a private company and then became a public company by virtue of the provisions of s 3(iv)(c) of the Companies Act in which public are substantially interested within the meaning of s 2(18) of the Income tax Act, 1961
- Deduction under Section 80-IA(4) available even to contractor who merely develops but does not operate & maintain the infrastructure facility
- If the prosecution proves its case on basis of evidence and the same is also supported by the implied admission of the accused, the conviction of the accused under s 276C(1), 277 and 278 is not liable to be interfered with on the ground that the return did not bear his signature and was not filed by him
- Govt planning to relax exit norms for not-for-profit companies
- Digital Signature Certificate made mandatory w.e.f 1st July 2011 for Firms and Individuals whose accounts are required to be audited u/s 44AB
- Companies (Central Government’s) General Rules & Forms (Amendment) Rules,2011
- Find status of assessee based on PAN
- Circulation of Audited Accounts for the Year ended 2010-11 and Report of the Council
- Guidelines for Declaring Financial Institution as Public Financial Institutions Under Section 4a of The Companies Act,1956
- Accounting regulator ICAI to submit suggestions on black money by August end
- SC Decision on Limitation of Companies Act in case of oppression and mismanagement
- Clarification regarding admission of Limited Liability Partnerships as members of Stock Exchanges
- Govt allows exports of one million tonnes of basmati rice
- Provisions Governing Buy-back of Shares / Securities under the Companies Act, 1956
- Chnages in Cabinet Ministers and Ministers of State
- ICSI – Suggestions for Election Reforms and Amendment in CS Regulations
- ICSI – How to Become Life Member of CSBF
- Nabard Should Focus on Promoting Integrated Rural Development and Securing Sustainable Rural Prosperity – FM
- Manager of UCO Bank and seven others sentenced in a corruption case
- SARFAESI – RBI’s Master Circular dated 1-7-2011 on Change in or Take Over of the Management of the Business of the Borrower by Securitisation Companies and Reconstruction Companies (Reserve Bank) Guidelines, 2010
- Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Bhagwan Manaweer Viklang Sahayata Samiti, Rajasthan – Amendment in Notification No. S.O.739(E),dated 10-9-1999
- Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Paragon Charitable Trust, Mumbai
- Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Adhiparasakthi Charitable, Medical, Educational and Cultural Trust, Tamilnadu
- Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Jain Social Federation’s Anandrishiji Hospital & Medical Research Centre, Maharashtra
- Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Bharat Sevashram Sangha, Kolkata
- Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Anand Isher Educational Charitable Trust, Punjab
- PPPAC Approves PPP Projects Worth Rs. 9773.85 Crores
- FEMA – RBI’s Master Circular dated 1-7-2011 on Foreign Investment in India
- FEMA – RBI’s Master Circular dated 1-7-2011 on Money Transfer Service Scheme
- Regarding Collection of Anti-dumping duty beyond the validity period- Circular No. 28/2011-Customs
- Regarding definitive anti dumping duty on STPP originating in, or exported from, People’s Republic of China- Notification No.58 /2011-Customs
- Amends Notification No.148/1994-Customs, dated the 13th July, 1994 vide
- Income Tax Dept looks into Videocon-Datacom deal tax implications
- RBI fines 48 banks for violation of KYC, AML norms in six months
- IT Commissioner, CA held for accepting bribe
- MVAT – Amendment to VAT Notification dated 5-11-2009 – Refund to Diplomatic Authorities
- 80,000 companies in Northern India are ‘defaulters’ – MCA
- Now e-ticketing through SMS
- First MCA-ICSI Web Seminar On XBRL On 11th July, 2011
- Review of Entry Requirements for Chartered Accountancy Courses
- SEBI (Bankers to an issue) (Amendment) Regulations, 2011
- SEBI (Underwriters) (Amendment) Regulations, 2011
- SEBI (Credit Rating Agencies) (Amendment) Regulations, 2011
- SEBI (Debenture Trustees) (Amendment) Regulations, 2011
- SEBI (Registrars to an Issue and Share Transfer Agents) (Amendment) Regulations, 2011
- SEBI (Merchant Bankers) (Amendment) Regulations, 2011
- SEBI (Depositories and Participants (Amendment) Regulations, 2011
- Best Judgment Assessment – A Critical Analysis
- Recent Initiatives taken by the Ministry of Corporate Affairs
- CBI arrests an Income Tax Officer and a Chartered Accountant in a bribery case
- Income Tax refunds pull down net direct tax collections by 17%
- CBDT order on Mahindra Satyam won’t take effect for 2 weeks
- Public Notifications / Decisions Issued by DGFT for the Month of June 2011
- Public Comments and Stakeholders’ Views Invited on the Draft Micro Finance Institutions (Development & Regulation) Bill, 2011
- Finance Minister Urges Public Sector Banks (PSBs) and Financial Institutions (FIs) to Achieve their Targets and Meet Social Commitments
- ROC – Name Availability Guidelines, 2011
- Integration of Director’s Identification Number (DIN) issued under Companies Act, 1956 with Designated Partnership Identification Number (DPIN) issued under Limited Liability Partnership (LLP) Act, 2008
- Filing of Balance Sheet and Profit and Loss Account in eXtensible Business Reporting Language (XBRL) mode
- Transfer Pricing – Disallowance of costs on ground that associated enterprises also benefited not permissible
- Export Grows 45.7% in the First Quarter at US $ 79 Billion – Commerce Secretary
- New guideline to strengthen and enable the Indian corporate sector to evolve into a global leader in responsible business- Murli Deora
- Allotment of Coal Blocks in Recent Past – a Clarification
- Form 7 and 10 for application for DIN and Intimation of Changes in Forming LLP
- Finance Minister Releases New Series of Coins in the Denomination of 50 Paise and Rupees 1,2,5 And 10
- E-Ticket on Mobile Phone now Possible through new Web Portal Facilitating Travel by Merely Displaying SMS Without Ticket Printout
- ICWAI – President’s Message July 2011
- 2G Scam – CBI’s stand on Anil Ambani questioned
- New website for micro, small and medium enterprises – NSIC
- Seeks to withdraw anti-dumping duty on imports of Hydrofluoric Acid originating in, or exported from, China PR – Notification No. 57 /2011-Customs
- VAT Notification for Reduction in tax rates of Diesel and PDS Kerosene
- Amends Notification No. 62/1994-Customs (N. T.) dated the 21st November, 1994 – Notification No. 46/2011-CUSTOMS (N. T.)
- RBI’s Master Circular dated 1-7-2011 on Memorandum of Instructions governing money changing activities
- Amends Notification No. 62/1994-Customs (N. T.) dated the 21st November, 1994 vide Notification No. 45/2011 – Customs (N.T.)
- RBI’s Master Circular dated 1-7-2011 on Risk Management and Inter-Bank Dealings
- RBI’S Master Circular dated 1-7-2011 on Direct Investment by Residents in Joint Venture (JV)/Wholly Owned Subsidiary (WOS) Abroad
- RBI’s Master Circular dated 1-7-2011 on export of goods and services
- RBI’s Master Circular dated 1-7-2011 on External Commercial Borrowings and Trade Credits
- Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Geetanjali University Trust, Rajasthan – Amendment in Notification No. S.O.2370 (E), dated 3-10-2008
- Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Shri Vedmata Gayatri Trust, Haridwar
- Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Srinivasan Services Trust, Chennai – Amendment in Notification No. S.O.267(E),dated 23-3-2000
- ERP Software expenditure allowable as revenue expenditure – Bombay HC
- E-filing of Income Tax return in respect of companies under liquidation
- Assigns the function of proper officer to DRI, Preventive Commissionerates, DGCEI and Central excise officers for the purposes of Section 17 and 28 of the Customs Act, 1962
- Amendment of the Inter-State Migrant Workmen (Regulation of Employment and Conditions of Service) Act, 1979
- Company Law – HC dismisses Petition filed under section 397 and 398 of the Companies Act 1956 as Cause of action no longer survives
- Gross direct tax collections in first quarter of 2011-12 up by 23.91 percent
- Transactions in Government Securities –Extension of DvP III facility to Gilt Account Holders
- The Micro Finance Institutions(Development and Regulation) Bill, 2011
- Infrastructure Lending and Financial Inclusion high on Agenda
- Invitation of Expression of Interest (EOI) for developing XBRL Taxonomies
- RBI’S Master Circular dated 1-7-2011 on Compounding of Contraventions under FEMA, 1999
- FEMA – RBI’s Master Circular dated 1-7-2011 on import of goods and services
- FEMA – RBI’s Master Circular dated 1-7-2011 on Non-Resident Ordinary rupee (NRO) account
- Foreign Contribution (Regulation) Act, 2010 not to apply to all bodies constituted or established by or under a Central Act or a State Act requiring to have their accounts compulsorily audited by the Comptroller and Auditor General of India
- Policy Guidelines for expansion of FM Radio Broadcasting services through private agencies (Phase-Ill)
- RBI’S Master Circular dated 1-7-2011 on Memorandum of Instructions for Opening and Maintenance of Rupee/Foreign Currency Vostro Accounts of Non-resident Exchange Houses
- RBI’s Master Circular dated 1-7-2011 on acquisition and transfer of immovable property in India by NRIs/PIOs/foreign nationals of non-Indian origin
- RBI’s Master Circular dated 1-7-2011 on establishment of liaison/branch/project offices in India by foreign entities
- Master Circular on Remittance Facilities for Non-Resident Indians/Persons of Indian Origin/Foreign Nationals
- FEMA – RBI’s Master Circular dated 1-7-2011 on Miscellaneous Remittances from India – Facilities for Residents
- Amendment/modification of SION, J-373 – DGFT Public Notice No. 63/(RE-2010)/2009-2014
- MODIFICATION OF SION C-1058 under Engineering Product Group – Public Notice No. 62/(RE-2010)2009-2014
- Insurance – Reporting Formats under clause 3.2 of Master Circular 2010 on AML/CFT guidelines
- Insurance – Prevention of Money Laundering (Maintenance of Records of the Nature and Value of Transactions, the Procedure and Manner of Maintaining and Time for Furnishing Information and Verification and Maintenance of Records of the Identity of the Clients of the Banking Companies, Financial Institutions and Intermediaries) Third Amendment Rules, 2010
- Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Gandhigram Trust, Tamilnadu -Amendment in Notification No. S.O.1295(E),dated 4-6-2008
- Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – National Association for the Blind, Mumbai – Amendment in Notification No. S.O.1111(E),dated 8-8-2005
- Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Dr. M.L. Dhawale Memorial Trust, Mumbai
- Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Pratham Delhi Education Initiative, New Delhi
- Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Disha Charitable Trust, Gujarat
- RBI Master Circular on Wilful Defaulters
- No disallowance under s 40(a)(ia) can be made for the non-deduction of tax under s 194C in absence of a continuous contract, oral or written
- If the main intention is to exploit the immovable property by way of complex commercial activities, in that event, it must be held as business income
- Frequently Asked Questions (FAQs) on Fast Track Exit Mode
- Taxmen Now Eye Jewellery Purchases
- Small Scale Unit (SSI) and Clubbing of Turnover
- Constitution of Senior and Junior Standing Counsels for handling Indirect Tax Cases before HC
- Extension of terminal date of basic custom duty exemption on raw sugar and white/refined sugar
- Master Circular – Lending To Priority Sector
- CBI registers a case against the then Additional Central Provident Fund Commissioner and eight officers of EPFO
- RBI Releases Draft Guidelines on Equity Investments by scheduled commercial banks in subsidiaries and other companies
- FM Says Major Challenge in Short Term is Inflation and Government Takes Various Steps to Contain it
- Limited Liability Partnership Rules, 2009 (Amendment) Rules, 2011
- Companies Director Identification Number (Third Amendment) Rules, 2011
- Spice Communications – HC rejects Application filed under rule 6 and 9 of the Companies Rule, 1959
- VAT department of Government of Delhi confiscate 56 trucks for evading taxes
- Govt extends duty-free sugar import deadline till August 31
- Allocation of quantities of cotton for export in terms of Public Notice No.55 dated 17.06.2011
- CIBIL launches Credit Information Reports for companies
- Petition filed u/s 433(a)/439 of Comp. Act,1956 dismissed for unjustified ground for Voluntary Winding
- RBI Master Circular- Resource Raising Norms for Financial Institutions
- RBI Master Circular – Guidelines For Relief Measures By Banks In Areas Affected By Natural Calamities
- RBI Master Circular – Guarantees and Co-acceptances
- RBI Master Circular on Inspection and Audit Systems in Primary (Urban) Co-operative Banks
- Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Friends of the Tribal Society, Kolkatta
- Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – SEWA-Rural (Society for Education, Welfare and Action-rural), Bharuch – Amendment in Notification No S.O.228(E),dated 4-6-2008
- Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Mother Foundation Charitable Trust, Navi Mumbai
- Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Ramakrishna Vivekananda Mission, West Bengal
- Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Mahila Mandal Barmer Agor, Rajasthan
- ection 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Reaching Hand, Bangalore
- All about service tax provisions Related to Lvey, Registration, Payment, Valuation , Penalty, Return and Recovery of taxes
- Govt to come out with negative list of service tax soon
- Assistant Commissioner of Income Tax sentenced to undergo three years imprisonment with a fine of Rs.1.50 Lacs in a bribery case
- Empanelment with Chhattisgarh Rural Road Development Agency of CA Firms for Internal & External Audit
- ICAI sets up expert group on black money to assist govt
- Sales Tax department raids 37 firms in Mumbai – Claims to unearthed hawala transactions worth around Rs 6,500 crore
- Supreme Court appoints Special Investigation Team (SIT) headed by ex-Apex Court judge to probe black money issue
- Appellate Authority (Procedure) Rules 2011
- De Nora India Limited Versus Union Of India And Ors- Petition was allowed as per clause 6(III) and the order set aside
- A.O. can include transactions which he treats as fictitious in block Assessment instead of regular Assessment despite the fact that same were reflected in the return
- Post offices to offer core banking solution by next year
- Applicability of Circular No. 845/03/2006-CX dated 1.02.2007 on textile products falling under Chapter 55 – regarding
- Car expenses incurred for the personal use of directors of the company in accordance with the terms and conditions of service were allowable as business expenditure
- Statistics in the World of RBI – Duvvuri Subbarao
- DTAA Does Not Protect Tax Evaders – SC strongly disapproved the stand taken by the Government that the names of the tax evaders was a ‘secret’ and could not be revealed under India-Germany DTAA
- Public Comments and Stakeholders’ Views Invited on the Report Submitted by Committee to Review Implementation of Informal Sector Pension
- Investment by banks in liquid/short term debt schemes of mutual funds
- Order passed under section 263 becomes ‘infructuous’ if effect order not passed in reasonable time
- Government of India and World Bank Sign US$200 million Agreement to Strengthen Local Government System in Kerala
- Interim Report of the task Force on Direct Transfer of Subsidies on LPG, Petroleum and Kerosene Submitted to Finance Minister
- Service tax evasion up three-times to Rs 1651 cr in FY12 so far
- Modification of Client Codes of Non-institutional Trades Executed on Stock Exchanges (All Segments) – SEBI CIR/DNPD/6/2011. Dated- July 05, 2011
- Continuation of DEPB scheme for three months beyond 30.06.2011 i.e. upto 30.09.2011–Reg
- ICAI – roup on Notification of Benefits of Registered OCI u/s 7B(1) of Citizenship Act, 1955
- Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Prayas Social Welfare Society, Faridabad
- Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – The Purkal Development Society, Uttarakhand
- Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Vidyaniketan Sanskritik, Samajik, Shikshanik, Bahuuddeshiya Sevabhavi Sanstha, Maharashtra
- ICAI to conduct special exam for IPCE student whose Answer book was reported to be missing
- Notifies Customs Tariff (Determination of Origin of Goods Under the Preferential Trade Agreement Between the Governments of the Republic of India and Malaysia) Rules, 2011
- Import of hazardous waste under Hazardous Waste (Management, Handling and Transboundary) Rules, 2008
- Related to exemption of duty on import of Naphtha imported by M/s Haldia Petrochemicals Limited(HPL), for use in the manufacture of specified polymers
- Provides tariff concession to specified goods imported from Malaysia under India-Malaysia CECA – Notification No. 53/2011-Customs
- Redemption of Foreign Currency Convertible Bonds (FCCBs) – A.P. (DIR Series) Circular No.01
- RBI penalises Citibank N.A. for contravention of various guidelines and instructions relating to Know Your Bank (KYC)/Anti Money Laundering (AML) issued by RBI
- HC dismissed the appeal with cost on the question of Forzid Registered of Trade Mark
- RoC probing affairs of Speak Asia, to submit report by July 10
- All Party Resolution on Lokpal Bill and Statement by Shri P. Chidambaram at GoM Briefing on Lokpal Bill
- Committee Constituted to Review Role, Functioning and Structure of CEIB Submits its Report to Finance Minister
- FDI Equity Inflows Touches US $ 4.664 Billion for Month of May 2011, Second highest FDI Equity Inflow Received in any Month for the Last Eleven Financial Years
- No decision on lowering GDP projection yet – FM
- Heat on tax havens – FDI from Mauritius, Cyprus drops
- EOI for hiring KM partner for MCA 21
- Repayment of 11.50 % loan, 2011 on August 5, 2011 and Repayment of Government of India Floating Rate Bonds, 2011 on August 8, 2011
- Shri G. Padmanabhan takes charge as New ED at RBI and Shri Harun Rashid Khan assumes charge as RBI Deputy Governor
- Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Swa-Roopwardhinee, Maharashtra
- Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Iskcon Food Relief Foundation, Mumbai – Amendment in Notification No. S.O.708(E), dated 25-5-2005
- Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – CANSUPPORT,New Delhi
- Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – National Centre for Adolescents by Urivi Vikram Charitable Trust, New Delhi
- ICAI Convocation (I) – 2011
- Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – SOSVA Training & Promotion Institute, Pune
- All about service tax on Restaurant Service
- Service Tax on Hotel, Inn, Club and Guest House Service
- ICAI accounting format for parties to ensure transparency
- Decision on FDI in multi-brand retail likely in July
- Govt streamlines FDI proposals’ filing for approval
- Mutual funds may face Sebi fury over casual voting
- Major PSU banks may raise lending rates soon
- Facebook may launch Skype-powered video chat
- Assessee entitled to deduction u/s 10A on conversion of existing DTA unit into STP unit
- Exemption under section 54F and purchase of share of husband in plot
- Payment for use of disk space is not royalty
- If defects in Form 15H are curable then AO to provide opportunity to the Assessee before making any disallowance for non deduction of TDS
- Whether in the case of Government securities, interest accrues on day to day basis or only on the coupon dates?
- Pre-operative expenses and registration fee paid to SEBI are allowable as intangible asset and assessee can claim depreciation on the same
- Whether when the title of the assessee on the impugned land is not clear, income arising from transfer of such land is to be treated as capital gain or income from other sources?
- For making additions, FIR is contemporaneous evidence and the contents of the same cannot be ignored in the light of self-serving documents
- Where no proof of gifts received on surrender of tenancy rights penalty imposable u/s. 271(1)(c)
- Top Law Colleges in India – Can the legal profession in India embrace all this young talent?
- The assessee entitled to exemption under s 54F on investment of net consideration from transfer of depreciable asset under Capital Gains Deposit Account Scheme
- Retrospective or prospective applicability of a provision cannot be decided simply on the basis of the view taken by CBDT ignoring the plain statutory language
- No Tax on on transfer of shares of Indian subsidiary to Singapore subsidiary without consideration on account of reorganisation by American company
- Once the refund becomes due, the interest is payable as per the provisions of section 244A of the Income Tax Act, 1961
- Mere making of a claim, which is not sustainable in law, by itself, will not amount to furnishing inaccurate particulars
- Differences between IFRS AND Ind AS
- Amends Notification No. 36/2001 – Customs (N.T.), dated, the 3rd August, 2001 -
- Chartered Accountant gets 7-yr RI for forging I-T returns
- Indian Bank Request for Proposal for Information Systems Audit of Core Banking / Net Banking / Mobile Banking / ATM / Data Centre / D R Site / Networking Infrastructure and Other Integrated systems
- No disallowance can be made u/s. 14A if assessee has no tax-free income
- Ambiguous tax treaties could hit FDI inflows – Ruia
- FAQs on Companies (Cost Audit Report) Rules, 2011
- FAQs on Companies (Cost Accounting Records) Rules, 2011
- Vodafone pays over USD 400 mn more to buy Essar’s 33 per cent stake
- Have powers to go into 2G, profit-sharing in petroleum – CAG
- Housing prices fall by up to 15 Per cent in Jan-Mar 2011
- BSE hopes to kickstart SME exchange Sept onwards
- Sales tax official suspended for taking bribe
- TCS has not received any tax scrutiny notice – Ratan Tata
- Company Law – Amendment in Notification No S.O. 1329(E) dated 8th May,1978 and last amended by S.O. 143(E) dated 14.1.2009
- Special Examination for Members of Institutions with whom ICAI had entered into MRA/MOU
- Firm or individual/HUF covered under section 44AB are mandatorily required to file ITR-5 or ITR-4 electronically using digital signature
- Things People should know about Employees Provident Fund
- 63rd foundation day of the Institute of Chartered Accountants of India (ICAI)
- RBI issues Master Circulars as amended up to 30th June 2011
- Challenges for Next Generation Banking
- RBI – Sectoral Deployment of Bank Credit – May 2011
- The monetary limit provided by Board Circular dated 27 March 2000 applies even to old references which are still pending and are undecided
- Validity of charge created against the property by mortgaging the property in favour of financial institutions by the borrower Assessee during pendency of any of the proceedings under the Income-tax Act, 1961
- Payment for advisory services and opinions for improvement of existing facilities in the hotels for meeting international standards would not fall within ambit of ‘fees for included services’ under India USA Treaty
- Instructions Regarding issues relating to Customs clearance at International Airports in India
- Prescribes simplified form for quarterly return of excisable goods cleared @ 1% Excise duty
- Carve Outs provided in Ind AS
- Cost Audit Order dated 30th June 2011 in modification of Order dated 3rd May 2011
- India’s Foreign Trade – May, 2011
- Liberalise FDI policy in financial services sector – US
- New Law for the Rights of Persons with Disabilities
- Report fraud cases of Rs 1 cr and above to CBI – RBI to banks
- Conditions and modalities for registration of contracts of cotton waste including yarn waste and garneted stock [ITC(HS) Code 5202] with DGFT
- Clarification regarding import of Fuel under Advance Authorisation / DFIA Scheme
- Exemption for export of cotton waste including yarn waste and garneted stock [ITC (HS) Code 5202] from the quantity restriction on export of cotton during Cotton Season, 2010-11
- RBI asks banks to rotate staff to check loan fraud
- DGFT- Trade in Border Haats across the border at Meghalaya between Bangladesh and India
- RBI allows issuing equities against capital good imports
- Establishment of Connectivity with both depositories NSDL and CDSL – SEBI CIR/MRD/DP/09 /2011
- Centralised system to identify tax defaults to be set up soon
- CBDT plans 11 more directorates for tax exemption cases
- PAN mandatory for any purchase of jewellery worth Rs five lakh or more
- SEBI – Review of Internet Based Trading (IBT) and Securities trading using Wireless Technology (STWT)
- Rs 1 lakh cr investment subsidies for electronics
- India-Malaysia free trade agreement (FTA) to be effective from July 1
- Allow 49 per cent FDI in multi-brand retail – Consumer Affairs Minister
- Efficacy of Concurrent Audit – CAs to verify the authenticity of property valuation certificate, legal certificate, guarantee/line of credit or any other third party certification
- RBI extends time limit for buyback of Foreign Currency Convertible Bonds (FCCBs)
- UIDAI issues One Crore Aadhaar Numbers in just nine months since the launch
- Proposed guidelines for conversion of section 25 company to an ordinary company
- Proposed Procedure to strike off name u/s 560 of the Companies Act, 1956 of section 25 Companies
- RBI allows issue of shares under FDI scheme under the Government route
- Members of Canadian Institute of Chartered Accountants intending to become ICAI members can apply after 25th July 2011
- All about India’s External Debt as at the end of March 2011
- Petrol, diesel prices hiked again marginally
- When additions not made in respect of ground for which reassessment is resorted to, no other additions can be made in the course of such reassessment proceedings
- Section 197A(1A) merely requires a declaration to be filed by the payee of the interest, and once it is filed the payer not liable to deduct TDS therefrom under s 194A and no disallowance can be made under s 40(a)(ia)
- Merely because assessee failed to prove the gift in the manner required by the department, it is not possible to conclude that assessee concealed her income
- Marketing and reservation charges are not Royalty or FIS and they are in the nature of business income and since the assessee does not have a PE in India, the same are not taxable in India
- PM rules out inclusion of higher judiciary in anti-corruption ombudsman
- Interest u/s. 234B and u/s. 234C can be computed only up to the date of regular assessment and not up to the date on which rectification order under section 154 came to be passed
- Assessee entitled to claim refund on basis of return in case where AO dropped proceedings under s 147/148 after filing of return
- Excise duty element cannot be added to value of unsold sugar lying in stock on last day of accounting year under section 145A
- Assessee, who merely acted as dealer in sale of Microsoft products, not liable to deduct tax
- FB to launch Facebook Credits for Indian users from July 1
- Salient Features of New all India Time Table ‘Trains at a Glance’ – New Time Table Comes into Effect from 1st July 2011
- DGFT – Defaulters for failure to export of cotton in terms of Policy Circular No.09 dated 29.12.2010 and Trade Notice No.01dated 10.1.2011
- RBI – Fabricated Certificate of Registration – M/s Forex Achievements
- DGFT – Procedure relating to export of pharmaceuticals and drugs
- DGFT- Deferment in the date of effect for implementation of bar-coding on export consignment of pharmaceuticals and drugs for tracing and tracking purpose
- DGFT- Authorising EIC for issuing Certificate of Origin under India-Malaysia Comprehensive Economic Cooperation Agreement (IMCECA)
- Companies (Amendment) Regulations, 2011 regarding six Regional Directors
- AIR Related scrutiny assessments should be limited to info in AIR
- Gifts From HUF Exempt u/s 56(2)(v) as HUF is a Gorup of relatives – ITAT Rajkot
- Madras HC stays Registration of Lawyers For Service Tax
- Land acquired in exchange of land owned by father of assessee-How to determine cost of acquisition
- Assessee entitled to depreciation on assets which were in its possession and it cannot be denied merely on the ground that the registration formalities were pending
- If assessee accepts loan to meet certain business contingencies no penalty could be imposed under s 271D for violation of s 269SS
- 2G scam – IT department quizzes A Raja’s relatives
- Over 120 central govt officials under CVC scanner
- Maharashtra govt reduces Vat on diesel, kerosene
- $2.6 bn tax on deal with Hutchison unfair – Vodafone CFO
- India negotiating changes in DTAA with Mauritius – Pranab Mukherjee
- ICAI President’s Message – July 2011
- S. 194C(2) No TDS on freight paid to lorry owners who merely placed the vehicles at assessee disposal & never involved themselves in work to be carried out by assessee for FCI
- Expenses incurred on recruitment and training of employees can not be held capital merely because assessee may earn benefits of enduring nature
- When the issue of siphoning off of funds is settled by the CIT(A), review proceedings u/s 263 cannot be initiated
- FBT is payable even in the absence of any taxable income
- When assessee submits the relevant details in respect of share application money such as PAN Number, confirmation and the bank particulars it can be said that the assessee has discharged its burden
- While exercising his power under sec. 263 of the Act, CIT is not permitted to substitute his own view about the computation of income in place of the income assessed by the A.O.
- Provisions of s. 80IB(10) of the Act not subscribed that assessee was required to begin the construction work after obtaining approval from local authorities
- Tender for CPC (TDS) for processing of TDS statements
- RBI – Credit Mobilisation Targets under the Swarnajayanti Gram Swarozgar Yojana (SGSY) for the year 2011-12
- SEBI – Shareholding of promoter/promoter group to be in dematerialized mode
- FEMA – Discussion Paper on FDI Policy-Rationale and Relevance of CAPS
- Issue of Certificates by Digital Signature – General Circular No. 39/2011
- Insurance – Portability of Health Insurance – Policyholders have to wait
- DRP is required to pass proper and speaking order under s 144C after giving proper consideration to the submissions made on behalf of the assessee
- CIC Asks SBBJ to direct its branches to the Reasons for Turning Down Applications Made Under Pradhan Mantri Rozgar Yojana (PMRY)
- Overseas Direct Investment- Liberalisation/ Rationalisation – A.P. (DIR Series) Circular No. 73
- Authority for Advance Rulings (Central Excise, Customs and Service Tax) Procedure Amendment Regulations, 2011 – Amendment in regulation 2
- Custom – Rate of exchange of conversion of each of the foreign currency with effect from 1st July, 2011
- Preliminary transcript of the Q & A session between the PM and Newspaper Editors and PM’s opening remarks at the interaction with newspaper editors
- Constitution Of New DRP At Delhi
- Discussions Underway to Build Consensus on Further Liberalisation of the FDI Policy in Retail and Defence Sector – FM
- Service Tax – Amends the Point of Taxation Rules, 2011
- GST rates to be between 16-20 Percent – CBEC
- Sahara moves SC against SEBI order for refund to investors
- EPFO – Forwarding of Landmark Judgment delivered by the Hon’ble Division Bench of Madhya Pradesh High Court on the issue of considerable components of Basic Wages
- EPFO – Transfer of funds to the PF trusts subsequent to grant of exemption u/s 17- reg
- How to get registered as a Mutual Fund – SEBI
- Lucky ones to forget Tax filings
- Taxing aviation won’t pay, experts warn govt
- Warning against Chinese ‘weight reduction’ tea in Qatar
- FM urges Chief Ministers to Reduce Levies on Diesel, Kerosene and Domestic LPG
- If the undisclosed income returned is not accepted by the AO and any addition is made to the income so returned, then the assessee will not be entitled to immunity from penalty on the tax payable on the undisclosed income
- Customs Notification issued adding Philippines as A Country Covered under India and ASEAN PTA
- Setting up of Independent Accident Investigation Committee
- Whether disallowance can be made u/s 14A for the interest on borrowed fund even if it is explained that the funds utilised for investments are not borrowed funds?
- EPFO to appoint fund managers by July-end
- Govt modifies norms for filling board-level vacancies in PSUs
- Eight Indian-origin person named among 40 young leaders of the global telecom industry
- Sebi to reopen its probe into multi-crore IPO scam of 2003-2006
- Even if assessee makes a wrong claim of deduction but the same was allowed by the AO, assessment can be reopned only if any failure to make full disclosure is attributed to the assessee
- When a charitable Trust has already claimed deduction for acquisition of capital assets as application of money, the further claim of depreciation on the same assets not allowable
- Assessee entitled to benefit of section 11 even if certain grant is received from Government for specific purpose but purpose not stated expressly to set up a corpus fund
- Mallikarjun Kharge, Assures Transparency in the Management of EPFO Corpus
- ICSI- Campus Placement at SIRO on 30th June 2011
- Notification related to Crude,Diesel, petrol and petroleum product – Notification No.52/2011-Customs
- Notification related to Diesel and cinematographic film – Notification No. 33/2011-Central Excise
- CBI arrests an absconding accused in a forgery and cheating case
- Now file Income tax returns from your mobile phone
- Penalty cannot be levied u/s 271(1)(c) for mere making of a claim of the expenditure which is not sustainable
- Claim of interest simpliciter not appeallable order before the CIT(A) under section 246A
- SEBI Informal Guidance holds Call / Put Option in private agreement amongst shareholders as invalid
- ITAT Mumbai – For ‘Equipment Royalty’ u/s 9(1)(vi), control of equipment by payer essential
- UIDAI – Aadhaar No is now valid ID proof for LPG gas connection
- Clarification on Ensuring Corporate Governance and Proper Compliance of Provisions of the Companies Act, 1956 and Rules made there Under
- Commission received by foreign company for assistance in arranging cargo transportation was taxable in India on account of ‘business connection’
- Draft Rules for mandatory dematerialisation of share certificate by Public Companies
- Govt hikes Diesel Price by Rs 3 per liter / kerosene Rs 2/lt, LPG Rs 50 per cylinder
- Mere possession of drugs by doctor not an offence
- Govt to come out with market-friendly stamp duty norms shortly
- CCI penalises NSE for abusing dominant market position
- Make public RBI advisory note issued to ICICI – CIC
- India Signs Protocol Amending DTAA with Singapore; to help in Effective Exchange of Information in Tax Matters
- DBRS Upgrades India’s Ratings for the First Time to Stable Outlook
- RBI to Issue Regulations for Setting-up of Infrastructure DEBT funds (IDFs) on Company Route
- SEBI pardons Pyramid director in accounts manipulation case
- 2G scam – CBI may get documents from Mauritius by next week
- Visa fee hike – India asks US to exempt professionals from social security tax
- Over half of India’s workforce self-employed – NSSO survey
- 2G Scam – CBI to seek clarification from UB Group, India Cements
- BABA Ramdev’s letter to PM – Response of Government of India
- Government to Provide Trainning to Advocates under Rajiv Gandhi Adhivakta Prashikshan Yojna
- Govt approves proposal providing medical insurance benefits to Domestic helps
- Constitution of Committee on National Competition Policy and related matters
- Notification Exempting Individual having Income less then 5 lakh from furnishing Income Tax Return
- Salaried Taxpayers with total Income up to Rs. 5 lakh Exempted from filing Income Tax Return for Assessment Year 2011-12
- Cost Inflation Index for FY 2011-12 / AY 2012-13
- Soon you will be able to Check your balance in EPF account online
- Payment of commission in lieu of dividend is Tax Avoidance
- Service tax Payable on billing basis from July 1 2011
- Long Procedural Delay in Filing Dept Appeals cannot be condoned – SC
- Difference between agreed price for purchase of property and price registered in sale deed taxable
- Two chartered accountants held in fraud case
- No excise duty on school uniforms, towels – CBEC
- MVAT – Budget 2011-12 – Filing of Returns by dealers dealing in liquor
- Refund money raised via OFCDs with 15% interest – SEBI to Sahara
- Extension of date for registration for Integrated Professional Competence Course (IPCC)
- Exclusion of certain topics in the CA Final Examination to be held in November, 2011 and thereafter
- India and the Global Financial Crisis What Have We Learnt?
- Home Ministry orders probe into ex-CJI Balakrishnan’s assets
- Special Drive to clear pendency of e-forms filed with ROC prior to implementation of revised Regulation 17 of the Companies Regulation, 1956
- Discussion on India´s Progress in the Financial Action Task Force Plenary in Mexico
- Beg to Differ-Delhi HC Judgment u/s 138 of Negotiable Instrument Act
- India Inc raises $2 bn in April through ECBs, FCCBs
- Custom Duty – Seeks to extend DEPB scheme upto 30th September, 2011 thereby amending Notification No.97/2009-Customs, dated 11th September, 2009
- Regarding imposition of definitive anti-dumping duty on import of sewing machine needles from China PR – Notification No. 50/2011-Customs
- A Committee constituted to examine ways to strengthen laws to curb generation of black-money in India, its illegal transfer abroad and its recovery
- IRDA – Exposure Draft on IRDA (Issue of Capital and Disclosure Requirements for Life Insurance Companies) Regulations, 2011
- Period of Validation of Registration in Chartered Accountancy Course
- Direction by Regional Director to professional for proper verification of information furnished by the Company
- Adjustment can not be made in the book profit u/s 115JB for the items which are not mentioned specifically in the explanation to section 115JB
- Proceedings u/s 263 by CIT not valid, if initiated on the basis of points decided by AO by following the decision of the ITAT and HC in the case of the assessee itself
- Even prior to assessment year 2008-09, when rule 8D was not applicable, the AO had to enforce the provisions of sub-section (1) of section 14A
- CA’s certificate in place of original tax challan not sufficient to prove that payment was deposited
- CIT vs. Gopal Purohit – SC dismisses Special Leave Petition against the judgment of Bombay High Court
- I-T dept asked to start prompt action against tax evaders
- Sahay to meet PM tomorrow for tax reduction in tourism sector
- Sebi likely to make mandatory for MF industry to disclose AUM
- Gov invites stakeholders’ view to revise the deemed export policy
- UAE has no plans to allow 100 pc foreign ownership
- GST regime unlikely from April 2012 states oppose draft Bill
- Section 2 of the Foreign Contribution (Regulation) Act, 2010 – Foreign source – Specified international organization which is not to be treated as foreign source u/s 2(1)(j)(ii)
- Even if offshore supply not taxable, software embedded in offshore supply can be taxable
- Payment of interest in respect of PPF accounts of HUF
- No excise duty on school uniforms, uniforms for private security guards, companies, hotels, airlines etc and made-ups such as linens, towels etc bearing the name or logo of a hotel, restaurant or airlines but not any brand name
- Seeks to amend Notification No.107/2008-Customs, dated the 6th October, 2008 so as to enhance the extent of Margin of Preference in respect of specified goods imported from Least Developed Countries of South Asian Free Trade Agreement (SAFTA)
- Custom Duty – Regarding timely intimation to Board and correspondence with other Ministries / Departments on policy matters
- Regarding Issue of Custom House Agent License – Reference from field formations – Circular No.25/2011-Customs
- Requirement of import permit / registration with / from CIB & RC for import of substances listed in the schedule 3 of the Insecticide Act, 1968, for non-insecticidal use under Insecticides Act, 1968
- RBI to put the data on Overseas Direct Investment in the public domain
- Quote updated e-mail ID and contact details including mobile no. in your Quarterly TDS/TCS statement
- Govt exempts CBI from RTI
- Online filing of Income tax returns in India jumps 80 per cent in F.Y. 2010-11
- DTAA re-negotiation with Mauritius to resume by Aug-Govt
- Andhra Pradesh Compulsory Gratuity Insurance Rules, 2011 makes Gratuity Insurance compulsory
- Whether the Explanation to section 73 can be applied to sections 70, 71 and 72 and in determining the gross total income
- Duration of fraud prior to detection in Asia is an average of five years – KPMG
- Employers to have compulsory insurance for foreign workers
- Clarification on Circular No. 33/2011 dated 01.06.2011 with regard to compliance of provisions of the Companies Act, 1956 and Rules made there under
- Identify Steps Necessary for Introduction of Accrual Accounting – Finance Minister
- Foreign Direct Investment (FDI) up by 43 per cent in April to USD 3.12 billion
- New policy may give impetus to manufacturing sector’
- RBI – Smt. Shyamala Gopinath lays down office as Deputy Governor
- DGFT – Modification of SION C-390 and C-1538 under Engineering Products Group – Public Notice No.57/ (RE-2010)/2009-2014
- DGFT – Amendment of Standard Input Output Norms at SI. No. C-773 – Public Notice No.56/ (RE-2010)/2009-2014
- Appointment of Common Adjudicating Authority – Notification No. 39/2011-Customs (N.T.)
- Insurance – Right to Information Act, 2005
- ICAI Convocation (I) – 2011- For newly enrolled Members admitted during the period September, 2010 to March 2011
- ICAI- 2nd Batch of Master in Business Finance Certificate Course (MBFCC)
- Kerala High Court grants interim stay on recovery of service tax on Restaurant and short term accommodation service
- If substantial question of law arises for consideration, appeal under section 260A is maintainable
- Expenses incurred on cultivation for adequate and steady supply of medicinal plant are allowable even if no agricultural activities done by assessee directly
- Whether profits earned during the period of sickness and available for setting off under normal provisions of Income Tax are to be excluded from the ambit of book profit of non-sick years?
- Whether capital gain arising out of the sale of land and building is liable to be included for computation of book profits under Section 115J?
- Whether the activities of telecasting and broadcasting of TV and Radio programmes can also be said to be for advancement of general public utility, and thus qualify for registration as a charitable company?
- Transfer Pricing – Even Loss/High-Profit Companies Can Be Compared
- New CAG norms for govt accounting to be unveiled on Tuesday
- Denial of Interest on service tax refund specious – Bombay high court
- Direct tax collections crosses Rs one trillion in Q1
- FM to Address State Finance Ministers on Reforms in Financial Reporting
- SEBI – Periodical Report – Grant of prior approval to Credit Rating Agencies
- SEBI – Periodical Report – Grant of prior approval to Depository Participants
- SEBI – Periodical Report- Grant of prior approval to Bankers to an Issue
- SEBI – Periodical Report- Grant of prior approval to Debenture Trustees
- Shri P. Vijaya Bhaskar and Shri B. Mahapatra take charge as New EDs at RBI
- RBI – Challenges and Opportunities in a Trillion Dollar Economy
- No income tax on amount received to meet the cost of Annual medical check-ups
- I-T Dept begins countrywide investigation of charitable and religious trusts, who violated tax exemption rules
- Foreign assets kept with Swiss banks came down by about Rs 5,00,000 crore
- FDI in retail – States permission must to open stores
- DGFT – Cotton exporters to face penal action if fail to ship in time
- PSU banks should be made to bid for surplus funds with the state-owned firms- DPE
- Govt may allow foreign individuals to invest USD 10 bn in Mutual Funds
- If assessee opts not to claim exemption under s 10A(8) in one year, it cannot be denied exemption in future provided it fulfils all the conditions of s 10A
- Expenditure incurred by assessee for obtaining CNG connection to facilitate process of manufacturing is revenue in nature even when payment was made as capital contribution
- In group cases also, each single case must be taken up individually to decide the monetary limits for filing appeal before High Court
- Service tax – Benefit of reduced penalty of 25% applicable only in cases where the tax amount is increased by the Commissioner (Appeals)
- Assessee entitled to deduction u/s 80IB(10) for residential cum commercial building approved by the local authority before insertion of clause (d) in s. 80-IB(10) w.e.f. 1st April, 2005 which is prospective and not retrospective
- Section 115O(5) do not restrict the allowability of the claim u/s 80M
- GST- Way Forward
- Assessee not entitled to benefit of s 220(7), wherein the income which arisen in Russia but not been brought in India and remitted to third country despite there been no restriction on remittance to India
- Where the amount was advanced due to the business exigencies as per agreement executed between the parties, it cannot be considered as deemed dividend
- Whether disallowance is warranted for the freight and cartage expenses incurred in cash without rejecting the books of account only on the basis of surmises and presumptions?
- Whether quantum of deduction under section 80IA is directly proportional to the profits of the undertaking and hence it has nothing to do with investment made in plant and machinery?
- Assessee entering into separate agreements for supply of materials, erection and for civil work portion, etc.-No tax deducted on payment made for supply of materials-Applicability of section 194C
- Section 10(6C) of the Income-tax Act, 1961 – Fees for technical services to foreign companies – Notified foreign company – Rolls Royce Defense Services Inc.
- Poultry Sheds used for the business of hatching constitutes ‘Plant’ for the purpose of depreciation under section 32
- Partners liable to prosecuted u/s. 278B if there are specific averments in complaint that they were responsible for every act or act of omission and commission of the firm at the time when offence was committed
- MCA issues Clarification on Dispute Between SEBI and Sahara Group
- Taxpayer’s functional profile and place in the value chain can be a key determinant of the parameters of economic analysis
- Inactivity for a limited period does not mean that business ceased to exist. Accordingly, expenditure is allowable even though no business income is earned during such period
- Repatriating foreign nationals permitted to retain India bank account
- NBFCs – Non-Banking Financial Companies (Opening of Branch/Subsidiary/Joint Venture/Representative Office or Undertaking Investment Abroad by NBFCs) Directions, 2011
- DGFT – DEPB Scheme will continue to be operative till 30th September, 2011
- Conditions and modalities for registration of contracts for additional quantity of 10 lakh bales(1,70,000 MTs ) of cotton with DGFT
- Access to information on Swiss accounts made easier by Swiss Parliament
- When AO has accepted higher agricultural income in the previous AY, it cannot reject the income declared on basis of general information collected from Chief Agriculture Officer and without confronting on the same with the assessee
- Allowability of expenditure incurred on higher education abroad of grandson of firm’s partners working there as an apprentice
- Where amount received in advance for a service which is to be performed in subsequent year, the advance could not be taken as income in the year of receipt
- Whether Trust entitled to exemption u/s 11 and 12 for amount received as corpus fund as it is not a taxable amount though deposited with sister concern in violation of section 11(5)
- An order passed under sub-section (6) or (7) of s 206C is appealable under s 246 (now s 246A) of the Income-tax Act
- Recording of satisfaction necessary for CIT before rejection of assessee’s application for waiver of Interest and Penalty
- Regarding Writing off of arrears of Central Excise duty and Customs duty – Constitution of Committees to advise the authority for writing off of arrear
- Aim to Achieve GDP Growth of 9 to 9.5% during 12th Five Year Plan Period; Asks Banks to Bring Down NPA to Previous Level – FM
- Tight monetary policy may impact growth: Pranab
- Section 641 of the Companies Act, 1956 – Schedules forms and rules – Power to alter Schedules – Amendment in Schedule XIII – Approval of Government in case of listed company where not required
- RBI releases DRG Study on ‘Productivity, Efficiency and Competitiveness of the Indian Manufacturing Sector’
- SEBI Circular – Shareholding of promoter / promoter group to be in dematerialized mode
- SEBI – Periodical report- Grant of prior approval to registrars to an issue and share transfer agents
- SEBI – Periodical report- Grant of prior approval to merchant bankers
- CBI arrests a private person for accepting bribe of Rs. Seven Lakhs
- SEBI Periodical report on Grant of prior approval to underwriters
- CBI arrests a Divisional Engineer of Railways for accepting bribe of Rs. 50,000/-
- Interest on Post Office savings account taxable from current fiscal
- Where the amount is given to the sister concern by the assessee interest-free out of own funds and for business purposes, no disallowance can be made for interest expenses u/s 40A(2)(a)
- Period of limitation for the purpose of CIT order u/s 263 in respect of an issue which is not the subject matter of reassessment proceedings will commence from the date of the original order and not from the date of the reassessment order
- If assessee fails to include modvat credit in closing stock value, AO not right in making additions on this ground U/s. 145A
- Assessee not entitled to deduction u/s 10A on the foreign exchange fluctuation gain which is derived on external commercial borrowings and not from the export activity of the assessee
- Accrued Interest Income from NPA Account can not be taxed – Delhi HC
- Merge CBDT and CBEC?
- Income Tax Department to provide details of tax returns of political parties under the RTI Act
- Advocates can practise in all courts
- SEBI circular relaxes norms on changing names by Listed Companies
- SEBI – Modification to Investor Protection Fund (IPF)/ Customer Protection Fund (CPF) Guidelines
- Section 4A of the Companies Act, 1956 – Public financial institutions – Notified Institutions – Notification No. S.O.1355(E), DATED 10-06-2011
- Speech by Chairman-CBEC on Annual Conference of Chief Commissioners and Directors General, 2011
- Home, auto loans to become costlier as RBI hikes key rates as RBI raises interest rates for the tenth time in 15 months
- RBI by Raising Repo Rate by 25 Basis Points Seeks to Maintain an Interest Rate Environment That Moderates Inflation – FM
- FM Releases Handbook on Disinvestment Through Public Offerings
- RBI increases Repo, Reverse Repo and Marginal Standing Facility Rates
- Exim Bank’s Line of Credit to the Government of the Federal Democratic Republic of Ethiopia – A.P. (DIR Series) Circular No. 72
- Standing Liquidity Facilities for Banks and Primary Dealers – REF.No.MPD.BC.344 /07.01.279/2010-11
- Mid-Quarter Monetary Policy Review- June 2011
- Satyam Computers – CBI reduces number of witnesses
- CWG scam – Income Tax department searches 17 premises of 2 contractors
- RBI Macroprudential Policies – Indian Experience
- Mumbai I-T dept eyes 18% jump in collection to Rs 185000 cr
- J&K I-T revenue collection up 27% at Rs 1197cr in FY11
- SEBI Circular on Standardisation of Rating Symbols and Definitions
- Govt starts anti-dumping probe against digital plate imports from Japan and China
- Labour Standards Should not be used for Protectionist Trade
- Regarding continuation of anti dumping duty, up to and inclusive of the 14th June, 2012, on ‘Metronidazole’, originating in, or exported from the China PR imposed vide Notification No. 61/2006-Customs dated 15th June 2006
- IFRS – Proposed revenue model to be re-exposed
- Rising interest rates and high cost of funds could hurt the profitability of the banking sector – RBI
- Sebi asks rating agencies to adopt standard symbols and definitions devised by it
- MCA to probe shareholding, management and auditors of 12 listed companies
- Govt seeks public views online on blackmoney issue
- OECD Appreciates India’s Efforts In Handling Issues Relating to Tax Evasion and Blackmoney
- Amends Notification No. 36/2001 – Customs (N.T.), dated, the 3rd August, 2001 vide Notification No. 38/2011 – Customs (N. T.)
- Recent SEBI directive on IDR dents MNCs plans of India listing
- Transport of goods by rail service – Abatement provisions – Amendment in Notification No. 9/2010-ST, dated 27-2-2010 – Exemption extended till 1-1-2012
- Exemption to Transport of goods by rail service for specified commodities extended till 1-1-2012- Amendment in Notification No.8/2010-ST, dated 27-2-2010
- RBI releases monthly data on India’s trade in services for the first time for the month of April 2011
- Tariff Value of Edible Oils, Brass Scrap and Poppy Seeds Notified – Notification No.38/2011-Customs (N.T.) dated June 15, 2011
- Regarding revision in quantum of anti dumping duty on Pentaerythritol originating in, or exported from China PR and Sweden – Notification No. 47/2011 – Customs
- Exemption to Transport of goods by rail service extended till 1-1-2012- Amendment in Notification No. 7/2010-ST, dated 27-2-2010
- Relieving / joining of officers in the grade of Addl/Joint Commissioner transferred during AGT-2011
- SEBI – Reporting of Offshore Derivative Instruments(ODIs)/ Participatory Notes (PNs) activity – Circular No. CIR/IMD/FII&C/7/2011
- Companies (Accounting Standards) (Amendment) Rules, 2011 – Notified Ind AS – Notification No. G.S.R. 179(E), DATED 03-03-2011
- Indian Government Accounting Standards (IGAS) 1 – Guarantees given by Governments – Disclosure Requirements
- Corrigendum – Seeks to supersede Notification No.153/2009-Customs, dated 31.12.2009 and to provide duty concessions to Philippines and other ASEAN countries in view of ASEAN- India FTA (AIFTA)
- RBI permission must for NBFCs to open subsidiaries abroad
- RBI admits its monetary policy actions may pull down growth
- Funding current account deficit may be a challenge – RBI
- Bonanza for loss making MTNL, gets Rs 177 cr income tax refund
- RBI may hike key policy rates by 25 bps tomorrow
- S Jaipal Reddy today met Prime Minister Manmohan Singh to push for an early decision on raising diesel and domestic LPG prices
- Summary of Guidelines for Fast Track Exit mode for defunct companies under section 560 of the Companies Act, 1956
- New Rules for Passing of the Resolution through Postal Ballot
- CBI registers a case against an Additional Commissioner of Income Tax for possession of disproportionate assets Rs.4.56 Crore (approx)
- Companies (Amendment) Regulations, 2011 in respect of Appointment of Regional Director
- Earnings from bribe may be made criminal offence under Income Tax Act
- ROC – Information to stakeholders for cleaning the pending work
- Inflation rises to 9.06 per cent in May
- FIEO demands extension of DEPB till GST launch
- Grant Thornton suggests Rationalisation of different taxes to promote affordable housing
- Review of the Deemed Export Policy – inviting comments from Members of Trade – Trade Notice No. 10
- RBI – Financial Stability Report June 2011
- Exim Bank’s Line of Credit of USD 36.56 million to the Government of the United Republic of Tanzania
- RBI – Directions for submission of system audit reports from CISA qualified Auditor
- Opening of Branch/Subsidiary/Joint Venture/Representative Office or Undertaking Investment Abroad by NBFCs – Circular No. DNBS (PD) CC.No. 222/03.10.001/2010-11
- Seizure of red sanders wood weighing 6360 Kg. valued at Rs. 63.60 lakh by DRI officers of Siliguri under Kolkata Zonal Unit
- Consultative Meeting of IT Vendors and Accounting Consultancy Firms on XBRL
- MCA proposes mandatory demat of Shares, Debentures and other deposit receipts of Unlisted Public Companies
- Mere allegation that no-claim certificates have been obtained under financial duress and coercion, does not lead to an arbitrable dispute – SC
- Whether section 94 is attracted and penalty is justified when assessee sets off the loss on sale of its mutual fund units against profit on short term investments but does not claim the loss as a deduction
- AO can assume jurisdiction u/s 147 if it has reason to believe that income has escaped assessment
- Interest income earned by joint venture FDRs prior to 1 April 2008 exempt under Section 10(23FB) of the Income Tax Act, 1961
- If AO has examined the issue of loss arising out of fluctuation in foreign exchange, then reassessment cannot be initiated
- While deciding a case ITAT can rely on a case which has not not been cited at the time of hearing
- Registration as Public Trust not necessary for registration u/s 12A – ITAT Mumbai
- I-T dept proposes political parties assessment under charity law instead of under special clause
- Income tax evassion need not declared criminal offence, says expert
- Govt extends DEPB scheme for three more months till September 2011
- Commerce Minister urges SAARC members to Lower Tariff of Sensitive items
- ICAI – CA aspirants need not clear CPT, Removing extra 15 mnts
- ICWAI – Management Accountant Journal for the Month of June 2011
- FM inaugurate International Seminar for Adopting tax System and International tax Rules to the New Global Environment
- FM calls for reversal of illicit outflows of funds from Developing Countries to tax havens
- Govt have enough tools to deal with tax havens not sharing info – Finance Minister
- MLAs Also to Issue Income Certificate for ‘Izzat’ Scheme of Railway Travel W.E.F. 1.7.2011
- India to seize foreigners’ illegal funds
- India, OECD to discuss tax reforms today
- International Labour Conference on Report of ILO Director General-Equality at WORK – the Continuing Challenge
- Department of Posts decides to revamp mail operations in line with the international best practices
- Distinction Between A Public Limited Company And a Private Limited Company
- Empanelment of Chartered Accountants for concurrent Audit of branches of Punjab National Bank (PNB) in Area II and III – Last Date 30th June 2011
- Interest up to Rs 3500 in Post Office Savings Exempted from Income Tax
- Pune ITAT – Portfolio management (PMS) fees deductible in computing capital gains ; Shares PMS transaction gains are Short Term Capital Gain and not business profits
- RBI Changes/ Liberalize / Rationalize Regulations related to overseas direct investment by Indian parties (A.P. (DIR Series) Circular No. 69)
- In works contract between contractor and sub-contractors only one is liable to pay tax
- Govt to declare tax offences criminal if the source of income is illegal
- Penalty paid by a registered broker is not a fine for any infringement of law and hence allowable- ITAT Mumbai
- Even if there is no evidence to the effect that the borrowed forex loan was utilised for the purpose of business, the loss arising out of foreign exchange fluctuation can be allowed based on past history
- A person who has completed ten years as a Member of Tribunal is ineligible to be re-appointed as Member even if he has not attained 65 years of age – SC
- Once the Transfer Pricing Officer accepted arm’s length price of royalty payments, the Assessing Officer could not examine the reasonableness of the said expenditure for disallowance
- Transfer of intangible assets with right to carry on business is taxable as capital gains and not as business income
- Expression ‘liable to tax’ used in the India-UAE tax treaty does not necessarily imply that person should actually be liable to tax in UAE
- ICAI to question SBI on excess provisions in March quarter
- RBI best positioned to maintain financial stability but needs autonomy- Subbarao
- Innovative mobile payment system required-ASSOCHAM
- Company Law Provisions Requiring attention of Statutory Auditors
- High interest rates hurting growth of economy, RBI needs to fix problem- Basu
- Real Estate Regulation Bill, 2011 to protect home buyers from fly-by-night developers soon
- Mines Amendment Bill, 2011- Committee invites Suggestion
- Small industry body wants DEPB scheme extended
- 73,000 villages to have banking facility by 2012- FM
- Narayana Murthy backs Anna Hazare; says bring PM, judiciary under Lokpal
- How to file Financial Statements / Annual Returns with ROC in XBRL Form?
- Company Law – Video conference mandatory for AGM from next fiscal
- IT department to seek public comments on black money recovery
- NSDL Return Preparation Utility (RPU) version 2.5 for preparing quarterly regular and correction TDS/TCS statement (using only consolidated TDS/TCS file) released June 10, 2011
- SBI breaches RBI norms on Reliance Industries exposure for third straight year
- 12 Cases of Wrong E-Filing Detected -MCA Directs Inquiry against professionals
- Share transactions declared by assessee cannot be doubted merely on ground that shares were of lesser known companies and their value cannot appreciate to the level claimed by the assessee
- ITAT imposes costs for ‘recovery harassment’ on Assessing Officer
- Export Grows 56.9 per cent at US Dollar 25.9 Billion in May 2011- Commerce Secretary
- Income Tax Law does not mandate the AO to suo moto supply the reasons for reopening / reassessment to the assessee
- Whether AO can deny exemption u/s 80IB(10) without commenting on assessee’s claim
- Unsafe to convict on doubtful statements – SC
- Seizure of 06.050 kgs of Ketamine Hydrochloride valued at Rs.60 lakhs by Air Intelligence Unit, Cochin International Airport
- Govt notifies Collection of Statistics Rules, 2011
- CoS gives nod for revision of Base Year of All India Index of Industrial Production
- RBI Governor pitches for greater autonomy for RBI to deal with inflation
- MCA organises Lok Adalat for companies for the first time in Chandigarh
- HC can decline to exercise jurisdiction if previously on similar matters he approached some other HC
- CBI registers a case against certain officers of MTNL; unknown officials of a pvt. company and others for alleged irregularities in awarding work of broadcast network for CWG-2010
- ICWAI Request for comments on Exposure Draft of Guidance Manual for Audit Quality.
- RBI releases June Issue of Its RBI Bulletin
- RBI – Non-implementation of Senior Citizens Savings Scheme- 2004(SCSS) by certain banks on deposit by Army Personnel
- Prudential Guidelines on Restructuring of Advances by Banks – Circular No. DBOD.BP.BC.No.99 /21.04.132/2010-11, Dated Jun 10, 2011
- Know your Provident Fund (PF) account details online from 1st July
- Scrap sale charges and job work/labour charges not to be excluded for the purpose of giving effect to deduction under Section 80IB of the Income Tax Act
- How to create/change/update your Facebook URL
- No addition could be made in re-assessment if no additions in respect of the grounds on which the proceedings u/s 147 were initiated had been made by the A.O
- Allowability of liability of interest on damage in breach of export only when it gets crystallized into a certain liability
- CBDT Circular specifying monetary limits for filing appeals applies to pending appeals
- Mere fact that Assessee getting some works done on job basis from sister concern would not deprive the assessee of its entity to be an EOU manufacturing unit
- A mere omission or negligence would not constitute a deliberate act of suppressio veri or suggestio falsi for imposition of penalty
- Clarification Regarding Participation by Shareholders or Directors in Meetings Under the Companies Act, 1956 Through Electronic Mode
- No Review of a Judgment, If Appeal Already Decided
- Income Tax department raids 14 premises, surveys six for suspected tax evasion
- SBI Interest Rate for Income Tax, Gold & Silver Rates on April 1, 2011
- MCA lacks authority to probe Speak Asia flaws
- Orissa textile traders protest VAT levy
- Over 5 crore people expected to pay tax in Financial Year 2012
- Panel recommends MIS term to be reduced to five years from the current six-years
- RBI- Retail Electronic Payment Systems – NEFT / NECS / RECS / ECS – Levy of Processing Charges
- Remittance of assets by foreign nationals- Opening of NRO Accounts – A.P. (DIR Series) Circular No. 70
- Regulators should interact more frequently – Ministry of Corporate Affairs
- Section 10(23AAA) of the Income-tax Act, 1961 – Exemptions – Income received by any person on behalf of fund established for welfare of employees or their dependents – Notified purposes/conditions for establishment of fund
- Banking – Report of the Committee on Comprehensive Review of National Small Savings Fund
- Insurance – Levy of Penalty under section 105B of the Insurance Act, 1938
- Cabinet approves plan to extend medical facilities to beedi workers under RSB Yojana
- Cabinet gives nod for lowering of age for pension under Old Age Scheme
- DGFT – Quantity restriction of 65 lakh bales on export of cotton during Cotton Season, 2010-11, Notification No.57 (RE-2010)/2009-14
- Empanelment of CAs with Official Liquidator Delhi
- SEBI circular on Pre-funded instruments / Electronic fund transfers
- Instructions regarding Monitoring of fresh Fruit and Vegetable Import from Europe for E.Colli bacterial contamination
- Ministry of Environment and Forest (MoEF) notifies e-waste management rules
- Difficult to recover Income Tax from Hasan Ali
- Bank FD still attractive than proposed rates of small savings
- SEBI plans to induct four new executive directors
- Reliance Securities settles Sebi probe for Rs 25 lakh
- 2G Scam – Raja threatened staff to favour Swan, Unitech over Tata group – CBI
- Need to amend Prevention of Corruption Act – SC
- Tata, Idea among 10 companies under 2G probe – ED tells JPC
- Internet Society Celebrate World IPV6 Day
- Recommendation for increasing annual deposit limit in PPF to Rs. 100000 from existing Rs. 70000
- Reassessment proceedings u/s.147 read with 148 of the Act cannot be initiated merely based on the audit report
- Income Tax office held guilty of violating ‘human rights’ for continuing search and Seizure process without any break or interval at odd hours
- DIN-1 and DIN-4 to be digitally signed by Practicing CA/CS/CWAs – w.e.f. 12.06.2011
- Filing of Balance Sheet and Profit and Loss Account in eXtensible Business Reporting Language (XBRL) mode – General Circular 37/2011
- Not to give effect to notificataion taxing representation services by CS, CWA ,CA – Delhi HC
- Govt sets up panel on black money to suggest ways to trace tax defaulters
- Finance ministry bringing intelligence and criminal investigation units of the Income Tax department under one umbrella
- FM Urges CBEC Officers to Make Sustained and Strategic Efforts to Achieve Revenue Targets for Current Fiscal Year
- French Finance Minister, Chiristine Lagarde calls Pranab Mukherjee for support in IMF
- Extra efforts would be required to achieve tax targets – FM
- ICSI National Award for Excellence in Corporate Governance, 2011
- Insurance – Report of the Committee on Bancassurance
- Insurance – IRDA (Scheme of Amalgamation and Transfer of General Insurance Business) Regulations, 2011
- CBDT Sets-up a Committee to Examine And Suggest Ways to Recover Income Tax Demand
- CBI arrests Joint Director of CIB and RC under Ministry of Agriculture in a bribery case
- Minimum Export Price of Onions – Notification No. 56 (RE–2010)/2009-2014
- Seizure of Fake Indian Currency Notes (FICN) having face value of Rs.1.54 Crores by DRI
- High net-worth individuals wants more self-control over their investment habits,
- Discussions on to further liberalise FDI in Multi Brand Retail – Pranab Mukherjee
- Home Minister, Shri P. Chidambaram’s Statement on Events Concerning Ramdev’s Protest
- India going through ‘transparency revolution’ – Antony
- ICAI convocation for Members admitted during the period September, 2010 to February, 2011
- Govt committee suggests Increase in PPF limit, Saving Interest rate, Withdrawal of KVP
- The Proviso to section 113 imposing surcharge on block assessments is retrospective in operation
- 6.58 crore PF scam – CBI withdraws cases against 18 accused
- Vijaya Bank – On Line Registration for Empanelment of Concurrent Auditors
- FM to Inaugurate Annual Conference of Chief Commissioners and Directors General of Customs, Central Excise and Service Tax
- MCA invites comments on Companies (Dematerialization of Certificates) Rules, 2011 by 30th June, 2011
- MCA Guidelines for Fast Track Exit mode for defunct companies under section 560 of the Companies Act, 1956
- Clarification regarding participation by shareholders or Directors in meetings under the Companies Act,1956 through Electronic mode
- Green Initiatives by India Inc
- If noting incriminating found in the course of search relating to any of the A.Y., the assessments for such years could not be disturbed
- Unabsorbed depreciation set off in earlier years could not be reduced from profits for computing deduction u/s. 80-IA
- Black Money – No need for more committees as these are only to stall action
- FM meets Institutional Investors; Confident of Reducing Fiscal Deficit
- Expenditure in the nature of reimbursement cannot fall within the purview of fees for technical services
- Professional Opportunities – Khadi and Village Industries Commission for audit Services
- RBI cautions public against fictitious offers of being beneficiary of funds such as those from winning lotteries
- CWA – President Communique June, 2011
- IRDA (Scheme of Amalgamation and Transfer of General Insurance Business) Regulations, 2011
- Non-financial Reporting – What, Why and How – Indian Perspective
- Committee on black money likely to hold 1st meet on June 9
- RBI wants more banks to launch services on mobile
- India-Netherlands ink agreement on Corporate Governance and Corporate Social Responsibility
- 16 FDI Proposals Worth Rs. 923.55 Crore Approved
- DGFT – Export of River Sand to Maldives under Bi-lateral Trade Agreement
- DGFT – Export of Stone Aggregate to Maldives under Bi-lateral Trade Agreement between Government of India and Government of the Republic of Maldives
- DGFT – Exemption for export of wheat flour to Maldives for the years 2011-12, 2012-13 and 2013-14
- Registration of companies in 24 hours from first week of July
- Excise Duty- Regarding centralised registration facility for recorded smart card manufacturers
- Promotional expenses incurred by cosmetic company on Testers, and merchant display which were supplied free of cost to the retailers are revenue in nature
- Reopening U/s. 147 invalid If Reason reasons recorded have not escaped assessment
- Service Tax on Air Travel – IATA put India on Wall of Shame
- Interest to be paid on those PPF (HUF) accounts, which had attained maturity after 13-5-2005 but closed by subscribers before 7-12-2010
- List of Cost Accounting Records Rules which have been superseded by the MCA vide Notification dated June 3, 2011
- MCA’s instruction on settlement of prosecutions cases
- Net direct tax collection down 48 percent in April-May while Gross collection up by 37 per cent
- Allowability of Interest on refundable tax after giving effect to the order of Settlement Commission and order under Section 132(5) of the Income Tax Act
- Allowability of Commisssion paid to Direct Selling Agents (DSA)
- Year of commencement of operation relevant to find out as to whether the entitled to deduction under Section 80IB or not
- HC referred the matter back to the Tribunal in respect of addition to the income of the Assessee of income earned through dummy company
- Delhi HC order on scope of police seizure powers under Section 64 of the Copyright Act
- Mumbai, Delhi may produce next Microsoft or Google
- Ashok Chawla to be next CCI Chairman
- Taking suomoto cognizance SC issues notice to government on eviction of Baba Ramdev
- Industry chambers Assocham, Ficci and MCX-SX favours listing of stock exchanges
- ICAI Accounting Research Foundation invites application from candidates for its project on Sustainability Reporting and Government Accounting Reforms
- RBI monitoring economy, liquidity mid-quarterly policy review
- Excise Duty on Articles of Jewellery- History, Contradictions, Confusions & Clarifications
- When the mandatory provision not followed leading to evasion of tax by way of excess relief granted to the assessee, the remedy open to the officer is to revise the assessment by invoking powers under Section 147
- Assessee would not get benefit of exemption if duty had not been paid on inputs
- Jurisdiction of HC over a case whose cause of action arose from an order delivered by an appellate authority which is situated in the territorial jurisdiction of the Court
- Allowability of Foreign Tour expenses of wife of Managing Director
- Health Services no more taxable
- Gutkha pouch manufacturer given bail in excise evasion case
- Sebi wants stock exchanges to go through ‘stress test’
- Investment bankers to reveal client names to manage PSU disinvestment
- Income Tax department probing fund transfer through ATMs along Indo-Nepal border
- SC – Builder entitled to escalation cost for delay caused by Government
- Contract revenues/costs in foreign currency
- Derivative trading income of FIIs taxable as capital gains, and not as ‘speculative’ income
- Participation by shareholders in the general meeting through Audio Visual Electronic Communication Facility
- Participation by Directors in meeting of Board / committee of Directors through Audio Visual Electronic Communication Facility
- IT – American Institute of Indian Studies, New Delhi notified as an approved organization under section 35(1)(iii) – NOTIFICATION NO. 31/2011
- A relation between the business of a non-resident and activity carried on in India would result in a ‘business connection’ for the purpose of deemed accrual of income in India as well as for considering the resident as the agent of the non-resident
- Merely because assessee permitted to establish new industrial undertaking for manufacture of computer software as 100% EOU under STP scheme not sufficient to claim exemption u/s. 10B
- DPE against Finance Ministry ‘diktat’ on PSUs disinvestment
- Good news – Govt to give 8 per cent interest on PPFs closed between May 2005 and Dec 2010
- Section 90 of the Income-tax Act, 1961 – Double Taxation Agreement – Agreement for Avoidance of Double Taxation and Prevention of Fiscal Evasion with Mozambique
- Companies (Cost Accounting Records) Rules, 2011
- SEZ – Setting up of a sector specific SEZ by Infoparks Kerala – Notification No. S.O. 1064(E), DATED 16-05-2011
- Insurance – IRDA’s guidance note on Economic Capital for Non-Life Industry
- Re-assessment of lease classification can be done only on Actual exercises of purchase option
- SEBI imposes Rs 14 cr penalty on two IPO scam financiers
- Black Money – Action Taken by Government on Demands Raised by Baba Ramdev
- No great ambiguity in international tax laws – IT official
- Indian Postal Dept. mobile money transfer service
- Message by ICSI President – June, 2011
- Consumer Affairs Minister for Strict Action against Misleading Advertisements
- Capitalization of borrowing cost on prepayments made to acquire an asset
- Discounting charges made for bills of exchange are not interest – Delhi HC
- Summary of New Draft Rules for Preferential Allotment/ Private Placement in unlisted public companies
- Fema – RBI liberalises and rationalises Overseas Direct Investment Regulations
- Existence of actual cross border transaction and motive to shift profits or evade taxes not necessary pre conditions for Transfer pricing provisions to apply
- Taxpayer not eligible to claim short stay exemption under the DTAA as the salary was paid directly by the Indian subsidiary
- Govt to dedicate National Legal E-Library to nation on 15 August 2011
- India among top four wealth creators in world – Study
- New pension policy – PFRDA to retain 50 per cent cap on equity investment
- Secretary, Financial Services Launches Integrated Grievance Management System (IGMS); asks Insurance Companies to Focus on Increasing Insurance Literacy
- SEZ – Views of the Industry sought by MCI on its proposal to relax conditions for Project & Employment Visa for SEZ
- The Companies (Cost Audit Report) Rules, 2011
- Companies Director Identification Number (Second Amendment) Rules, 2011
- Seeks to supersede Notification No.153/2009-Customs, dated 31.12.2009 and to provide duty concessions to Philippines and other ASEAN countries in view of ASEAN- India FTA (AIFTA)
- SEBI – Redemption of Indian Depository Receipts (IDRs) into Underlying Equity Shares
- Seeks to amend notification no. 96/2008-Customs, dated 13.08.2008 so as to include ‘Islamic republic of Afghanistan’ as one of the beneficiaries to DFTP scheme
- Clarification about requirement of ‘Declaration of Intent’ on Free Shipping Bills for claiming Chapter 3 scheme benefits
- Exemption for export of 10,000 MTs of organic sugar – Notification No 52 (RE–2010)/2009-2014
- Export of Organic Pulses – Notification No 51 (RE–2010)/2009-2014
- Exemption for export of 10,000 MTs of organic edible oils – Notification No 50 (RE–2010)/2009-2014
- Amendment of para3.11.8 of HBP Vol I( 2009-14) – Public Notice No. 53(RE-2010)/ 2009-14
- Amendment in the Hand Book of Procedures, Vol.1; specifically in the ANF 3B – Public Notice No. 52 (RE2010)/2009-14
- MODIFICATION OF SION C-593 under Engineering Product Group – Public Notice No. 51 /(RE-2010)2009-2014
- RBI circular on Financing of Self Help Groups (SHGs) and Joint Liability Groups (JLGs) by Primary (Urban) Co-operative Banks (UCBs)
- SEBI – Periodical Report – Grant of prior approval to members of stock exchanges/sub-brokers
- SEBI – Processing of investor complaints against listed companies in SEBI Complaints Redress System (SCORES)
- Slowdown in housing loan uptake due to interest rate hike – National Housing Bank
- Delhi HC – Professional’s heart surgery expense not deductible u/s 31 or 37(1) of the IT Act
- Post section 43(5) amendment derivatives losses have to be treated as non-speculation business losses for the purposes of set-off
- IT department to seek details of Hasan Ali Khan’s Swiss Bank accounts
- RBI panel calls for secure systems to check credit card frauds
- Income Tax Department to pay Rs six lakh to road mishap victim
- CCI Mandated to Make Markets Function for the Consumer and to Ensure Fair and Healthy Competition in the Indian Economy- Dhanendra Kumar
- Government Efforts are on Track to Get Economy on a Path of Fiscal Prudence; Need For Regular Monitoring and Evaluation of Public Expenditure – FM
- Don’t consider equity market as market of speculators – SEBI
- Jeevan Arogya, new health plan from LIC
- Internal Vigilance in Private Sector/foreign Banks
- Guidelines for declaring financial institution as Public Financial Institutions under Section 4A of the Companies Act, 1956
- Compliance of Provision of the Companies Act,1956 and Rules made there under – General Circular No – 33/2011
- Updated Financial Statements and Annual Return filing made mandatory before recording any Event Based Information
- Sun TV, SpiceJet shares crash after Dayanidhi Maran’s telecom lawsuit news
- 2G scam – Court rejects plea to probe Anil Ambani, Ratan Tata, Niira Radia, Dayalu Ammal
- RBI to issue draft norms on new bank licences- FM
- RBI – Findings of Forensic Scrutiny – Guidelines for prevention of frauds
- Govt committed to achieve 2011-12 fiscal targets – FM
- UK’s Birmingham City Council offshores jobs to India; sparks protests from employee unions
- Satyam fraud – ICAI to soon conclude proceedings against auditors
- Assessment Test of the Certificate Course on International Taxation organised by the Committee on International Taxation of ICAI on 3rd July, 2011
- SEBI – Liquidity Enhancement Schemes for Illiquid Securities in Equity Derivatives Segment
- Sensitivity of Capital Flows to Interest Rate Differentials – An Empirical Assessment for India
- Talent Acquisition and Management – Key Note Address by Dr K C Chakrabarty, DG, RBI
- Principal Bench of the Central Administrative Tribunal (CAT) to Remain Closed from 6 to 30 June 2011
- Transfer Pricing – Transactional Net Margin Method (TNMM) At Enterprise Level Invalid
- Challenges to Central Banking in the Context of Financial Crisis RBI releases Volume for the First International Research Conference
- MAT credit to be first adjusted and then TDS and prepaid taxes should be set off against the total tax liability and the assessee is not entitled to interest under s 244A against the MAT credit
- Proceedings under section 158BD are void if referral AO fails to record his satisfaction -Delhi High Court
- Deduction U/s. 54EC to be allowed before set off of brought Losses – ITAT Mumbai
- MCA makes it mandatory for CAs, CSs, CWAs to digitally sign DIN applications
- Reimbursement of seconded employee salary to expatriate employees is fees for included services- AAR
- India inks Double Taxation Avoidance Agreement (DTAA) with Mozambique
- New security system for mobile business users
- Govt efforts to detect unaccounted income starts yielding results
- Recent Initiatives of the Government for Justice Delivery and Legal Reforms
- Maharashtra makes alcohol laws tougher; age for buying / Driniking Alcohal up
- Euro Privatisation
- To recover dues Tncome Tax Dept may use its power to arrest and prosecute
- Clarifications issued by Income Tax Department on Form No. 24Q
- The Companies (Passing of the resolution by Postal Ballot) Rules, 2011
- Consultation prior to filing of notice of the proposed combination under sub section (2) of section 6 of the Competition Act, 2002
- Income Tax department continues to enjoy the power to tap telephone conversation
- Income Tax Department aims to disburse refunds of over Rs 1 lakh crore this fiscal – CBDT
- RBI cancels licence of Jalagoan-based Chopda Urban Co-operative Bank
- India to adhere global benchmarks for cell phones radiation
- ICAI Announcement Regarding Non-Applicability of Revised Schedule VI in November, 2011 Examination
- CWG scam – CBI to investigate Mauritius-based company for alleged irregularities
- RBI includes ‘Sberbank’ in Second Schedule to the Reserve Bank of India Act, 1934
- RBI launches the 24th Round of Inflation Expectations Survey of Households
- RBI includes ‘Credit Suisse A.G’ in Second Schedule to the Reserve Bank of India Act, 1934
- Sunil Mitra Appointed as Finance Secretary
- Links to Download Online Admit Card for CS and CWA June 2011 session
- How to get refund of Excess /Incorrect ROC Fees paid for availing MCA 21 services
- Notification soon on exempting People earning upto Rs 5 lakh from filing Income tax Return
- Prakash Chandra takes over as Chairman CBDT in place of Sudhir Chandra
- Depreciation for the purpose of declaration of Dividend under Section 205 in case of companies referred to in Section 616 (C ) of the Companies Act, 1956 (the Act)
- Corrigendum to CCI Notification SO 479(E) dated 04 March, 2011
- Section 44A of the Competition Act, 2002 comes into force from 1st day of June, 2011
- Central Government appoints 1st day of June, 2011 as the date on which Sections 43A of the Competition Act, 2002 shall come into force
- Lodge you complain on Facebook, Twitter against questionable advertisement campaigns – ASCI
- Bank of India raises Interest rate on deposit by up to 2.5 per cent
- Supreme Courtquashes land allotment to Sourav Ganguly by WB Govt
- Centre Seeks Views of State Governments and Political Parties on Lokpal
- Chidambaram advocates more taxes on luxury items, inheritance levy
- ICAI – President’s Message – June 2011
- HC asks CCI to provide complete order to NSE by Friday
- Filling up of the vacancies of Indirect Tax Ombudsman – CIRCULAR [F. NO. A. 35017/35/2011-AD.II], DATED 30-05-2011
- Circular on selection for the posts of Indirect Tax Ombudsman – CIRCULAR [D.O. F.NO.A-12026/5/2011-AD.I], DATED 25-05-2011
- Indirect Tax Ombudsman Guidelines, 2011
- Revision in the powers of adjudication of the officers of Customs – Circular No.24/2011-Customs – Dated 31st May, 2011
- Banks’ NPAs may rise due to rate hikes- Central Bank of India
- No-action Letter under SEBI (Informal Guidance) Scheme, 2003 – LETTER NO. CFD/DCR/SKMTO/18052/2011, DATED 25-5-2011, DATED 25-05-2011
- CWA – Extension of the last date for admission to Foundation, Intermediate and Final Course for December 2011 term of Examination
- COMPETITION LAW – Amendment in CAT (Salaries and Allowances and other terms and conditions of service of the Chairperson & other Members) Rules, 2009
- RBI Guidelines for Accounting of Repo / Reverse Repo Transactions-Clarification
- Tariff Value of Edible Oils, Brass Scrap and Poppy Seeds Notified vide Notification No.37/2011-Customs (N.T.) dated May 31, 2011
- New Directorate of Income Tax (Criminal Investigation) Created
- Income Tax department to publish and expose names of tax defaulters on newspapers
- Document seized must not only be a ‘speaking one’ but also be prima facie ‘incriminating one’ for attracting section 153C of the IT Act, 1961
- No Section 271(1)(c) penalty for failure to disallow u/s 14A – ITAT Delhi
- Company Law – Comments invited on proposed new rules for preferential allotment u/s 81 of The Companies Act, 1956
- CBDT chairman appreciates Income Tax department and expresses gratitude
- Liquid funds give better returns than savings account
- India and Tanzania Signed Double Taxation Avoidance Agreement (DTAA)
- Creation of a new Directorate of Income-tax (Criminal Investigation) – NOTIFICATION NO. 29/2011 , DATED 30-05-2011
- Double Taxation Avoidance Agreement (DTAA) with Ethiopia
- Income Tax – ICC Cricket World Cup, 2011 notified as International Sporting Event under section 10(39) – NOTIFICATION NO. 28/2011, DATED 27-05-2011
- The expenditure is to be fully allowed in the year in which the same is incurred provided it fulfills the test laid down under section 37 of the Income Tax Act, 1961
- Seeks to provide provisional assessment of imports of acetone when exported to India by M/s. Chang Chun Plastics Co. Ltd, Chinese Taipei – Notification No. 44/2011-Customs
- Customs Notification No.43/2011 Seeks to amend notification No. 121/2006-Customs, dated the 26th December,2006
- Rate of exchange of conversion of each of the foreign currency with effect from 1st June, 2011 – Notification No. 36/2011 – Customs (N.T.)
- Regarding customs duty on goods imported for use in, or for the manufacture of, metallised plastic films – Notification No. 35/2011- Customs ( N.T.)
- India initiates lesser anti-dumping probes against imports between October, 2010 and April 2011
- Political parties to go corporate as Election Commission plan new rules to curb use of black money
- ICAI to soon conclude disciplinary proceedings against auditors in Satyam case
- Delhi court fines plantation company for violating SEBI norms
- Thrust on ensuring faster and inclusive growth – Montek Singh Ahluwalia
- Resolution of issues regarding allocation of villages under Electronic Benefit Transfer (EBT) scheme and roadmap for providing banking services in villages with population above 2000 under Financial Inclusion Plan (FIP)
- CWA- Suggested Minimum Professional Fees as Approved by the Council
- I-T sleuths to hand over boss’s number before raid / Survey
- Trade Mark Case – Delhi HC dismisses appeal of Champagne Moet & Chandon
- SC directs motor vehicle owner to pay for accident caused by minor
- Apex Court upholds government policy in container terminal bid
- Supreme Court accepts higher bid after auction of firm says it will benefit creditors
- Supreme Court reveals four points essential to escape murder conviction
- Government Commissions Fresh Study Through Top National Level Institutions for Estimation of Unaccounted Income/Wealth both Inside and Outside the Country
- Interocean Shipping (I) (P.) Ltd. Versus Union of India (Delhi High Court) Dated – 03-03-2011 – Service Tax
- Allowability of unfunded actuarial liability for pension in respect of employees payable till death
- Whether disallowance of loss on account of purchase and resale of UTI units should be restricted to the extent of dividend brought to tax by the AO
- Office notice appended to 158BC order can constitute satisfaction note within the parameter of Section 158BD of the Income Tax Act, 1961 – HC
- Income Disclosed before IT authorities cannot be treated as towards taxable service in the absence of any statutory presumption and without making any enquiry
- If Act exclude a service from service tax than same can not be imposed by virtue of any circular
- ST – Unless a different intention appears from the terms of contract, in case of the imposition or increase in the tax after the making of a contract, the party shall be entitled to be paid such tax or such increase
- HC dimisses revenue appeal as there was nothing to show that the amount of cash seized represented clandestine sale of excisable goods
- Liability of Duty, Penalty, and Interest in respect of import made against forged and fabricated advance license
- Whether ITAT justified in law in allowing deduction u/s 80IB on labour job receipts ignoring the fact that such income is not ‘derived from’ the eligible business?
- The action of the Chief Commissioner to refuse to accept new units as a part of LTU and issuing show cause notice to them regarding transfer of Cenvat credit not tenable under LTU scheme
- Message from Hon’ble Minister of Corporate Affairs, Shri Murli Deora
- DEPB scheme may not get extension – Commerce Ministry
- Govt relaxes eligibility criteria for appointment of CMDs for public sector banks
- FDI in services come down by 22.5 pc to USD 3.4 bn in 2010-11
- 30 corporate executives get Rs 1 crore-plus salary per annum
- ICAI Announcement for Financial Assistance from Chartered Accountants Students Benevolent Fund
- Sebi widens net for fake IPO bidding probe
- Message from Secretary, Ministry of Corporate Affairs, Shri D.K. Mittal
- New Career Opportunity with ICAI
- Merely because of the fact that the assessee had asserted that it is a developer in the returns filed by him, it cannot be said that there is any failure on the part of the petitioner to disclose fully and truly all material facts
- Govt raises ECB limit, eases norms
- Finance ministry clear norms for new bank licences, with FDI rider
- Committee set up to strengthen ways to curb black money
- Income Tax Survey officer to provide prior to survey contact details of Chief Commissioner, Commissioner, Addl. / JCIT to taxpayer
- Amendment in Rule 114B relating to furnishing of PAN for certain transactions
- Instructions for filing of SAHAJ Income Tax Return form ( ITR 1 ) for A.Y. 2011-12
- National Consumer Helpline Receives 10,170 Complaints in April
- Modification in the instruction regarding payment of MCA fees in electronic mode
- MCA allows payment of Fees of less than Rs. 50000 through non electronic mode by Staff, Official liquidator and for Payment to Investor Education and protection Fund
- Clarification regarding ‘Body Corporate’ for the purpose of section 226(3)(a) of the Companies Act, 1956
- Corrigendum to Notification GSR 482(E) dated 04 March, 2011 regarding Exemption of certain group from provisions of section 5 of Competition Act, 2002 for a period of 5 years
- Indian Government Accounting Standards (IGAS) 2 – Accounting and Classification of Grants-In-Aid
- Overseas Direct Investment – Liberalisation / Rationalisation – A.P. (DIR Series) Circular No. 69 Dated 27.05.2011
- Delhi HC decision on Directos Appointment / Removal by IFCI on the board of TFCI Ltd.
- Competition Law- Brief study of Combination provisions effective 1 June, 2011
- Review of Guidelines on entry of NBFCs into Insurance Business
- DGFT- Bonus benefit to silk carpets under ITC HS code 57019090 and drawback code 570102
- Reconciliation of failed transactions at ATMs – Notification No. DPSS.PD.No.2632 / 02.10.002 / 2010-2011
- SEBI : Amendment in SEBI (Foreign Institutional Investors) Regulations, 1995 – NOTIFICATION NO. LAD-NRO/GN/2011-12/06/13995, DATED 02-05-2011
- Clarification on SEBI (SAST) Regulations under SEBI (Informal Guidance) Scheme – LETTER NO. CFD/DCR/16403/11, DATED 23-05-2011
- IRDA – Public Disclosures to be made by Insurers on Website and in Newspapers
- DELHI HC upheld deduction claimed in respect of remuneration/royalty paid to subsidiaries and holding companies
- Delhi HC Rules – Learner’s licence not valid to claim compensation
- Taxability of profit and loss arising on account of appreciation or depreciation in the value of foreign currency
- Tax paid by contractee on goods supplied to contractor, is allowable as Input Tax Credit to such contractor
- Despite detection in survey, No penalty under section 271(1)(c) – Delhi High Court
- Foreign corporates with subsidiaries in the country not subject to payment of withholding tax for financial services like discounting of bills provided to their Indian arms – AAR
- India inks DTAA with Ethiopia to check tax evasion
- RBI to soon release guidelines on new bank branches
- OECD pegs India’s growth at 8.5 percent in 2011-12
- Regarding processing for or on behalf of client, in relation to agriculture – causing sale or purchase of agricultural produce
- Seeks to amend notification No. 51/2008-Customs dated 21st April, 2008 so as to enhance the duty free tariff rate quota (TRQ) of 8 million pieces of apparels in a calendar year exported from Bangladesh to 10 million pieces
- Export of Guar gum – DGFT Notification No 49 (RE – 2010)/2009-2014
- DGFT – Inclusion of the Jute Products Development and Export Promotion Council (JPDEPC) in Appendix 2 (List of Export Promotion Councils/ Commodity Boards/ Export Development Authorities) of the Handbook of Procedures Vol.I, 2009-2014
- Despite Loan, Shares Gain is STCG and Not Business Profit – ITAT Mumbai
- How to acquire digital signature certificate (DSC) and what are the charges?
- StCBs/DCCBs – Setting up of Central Electronic Registry under the SARFESAI Act, 2002 – RPCD.CO RCB.BC.No. 73/07.38.03/2010-11
- Companies(Central Government’s) General Rules and Forms (Second Amendment) , 2011 – New Form No. 23D inserted effective from 29-05-2011
- Companies(Central Government’s) General Rules and Forms (Amendment), 2011 – revision of Form No. 8 and 17, effective from 29-05-2011
- Removal of anomaly for differential interest rates for EPF and income-tax exemption
- Commission payment, for sales and marketing support outside India, does not constitute income chargeable to tax in India
- CBDT’s instructions regarding Standard Operating Procedure on filing of appeals to High Court – Instruction No. 7/2011
- RBI panel suggests tighter reporting norms for interest rate and forex derivatives
- Income below Rs 5 lakh? You need not file returns
- Setting up of Central Electronic Registry under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002
- UCBs – Enhancement in gratuity limits – Prudential Regulatory Treatment – UBD.BPD.(PCB) CIR No. 49/09.14.000/2010-11
- RBI – Bank can not Loan for subscription of Indian Depository Receipts (IDRs) or against security/collateral of IDRs
- DGFT – Allocation of 10,000 MT of raw/white sugar for the fiscal year 2010-11 (October- September) for export to EU under CXL Quota
- RBI rate hike not just to fight inflation, but also to prevent the formation of asset bubbles
- States Important Stakeholders in Inflation Management – RBI Governor
- Competition Commission of India fines 27 film producers for colluding through cartel
- Do not reject MNP request if dues less than Rs. 10 – Trai
- MP Govt’s free dinner for IAS officers under Lokayukta scanner
- Mauritius provides first information about tax evader
- CCI founds NSE guilty of abusing its dominant market position by adopting unfair trade practices
- Govt may miss tax revenue collection target for 2011-12
- BSE gets in-principle nod from Sebi for SME exchange
- DGFT – Regarding File applications for 24 SEZ ports codes
- Seizure of 115 packets of cannabis weighing 2344.40 Kg. valued at Rs. 70.33 lakh – by DRI, Guwahati Regional Unit
- CS – Payment of Annual Member ship / Certificate of Practice fee for the year 2011-12
- Seizure of Fake Indian Currency Notes (FICN) having total face value of Rs.12,90,500/- by DRI Siliguri Regional Unit
- Splitting of Minimum Wages for the purpose of PF contribution not permissible
- Exemption from filing IT return for salaried taxpayers with annual income below 5 lakh rupees
- Clarification on applicability of service tax on overseas Trade Fairs/Exhibition under ‘Business Exhibition Services’
- Sachin Tedulkar can claim deduction u/s. 80RR on advertisement Income
- TDS to be deducted on tips passed to employees by Hotel employers who have collected them from customers
- Consideration received under a composite contract for services which are ancillary to the main objective of providing a software user license held to be in the nature of Royalty
- Central Governement specifies Limited Liability Partnership a body corporate
- Payments made to non-resident freight forwarders not chargeable to tax u/s. 9(1)(vii) of the Income-tax Act, 1961 hence the payer not liable to withhold tax u/s. 195
- Clarification on applicability of provisions of Section 108A to 108I of the Companies Act, 1956
- CBDT briefs Baba Ramdev on govt steps to tackle black money
- CCI rules out any conflict with Sebi on merger and acquisitions norms
- Finance Min may go slow on Income Tax refunds
- Amended DTAA to help in dealing with black money – Pranab
- Government cautious in allowing FDI in Limited Liability Partnership (LLP)
- Finance Minister Inaugurates the 27th Annual Conference of Chief Commissioners and DGIT
- Policy Initiatives of Textile Ministry Bring Cotton and Yarn Price Stability
- Regarding anti-dumping duty on import of Vitrified Porcelain Tiles originating in, or exported from the People’s Republic of China (China PR) and United Arab Emirates
- Guidelines on Credit Default Swaps (CDS) for Corporate Bonds
- Bank directors must furnish info on adverse strictures passed by financial sector regulators against them
- US court direct Infosys documents related to the company’s sponsorships and utilisation of B1 business visas
- ICSI -9th All India Moot Court Competition 2011
- C Form Cannot Be Refused To be Issued On Arrears of Tax
- Non Trading bad debts can not be allowed in computing taxable Income of the Assessee
- New Initiatives of Ministry of Corporate Affairs for Corporate Governance (Must Read)
- Review of the policy on Allowing FDI in Limited Liability Partnership firms
- Banking – Revised format for obtaining declaration and undertaking from existing directors as well as person to be appointed/elected as director on the Boards of Banks
- Service tax on Renting – Delhi HC Reserves the Judgement – Copy of Rejoinder submitted
- Govt eases rules for incorporating not-for-profit (Section 25) companies
- Income tax Return software ITR-1, ITR-2, ITR-3, ITR-4, ITR-4S, ITR-5, ITR-6 – AY 2011-12
- ASSOCHAM demands removal of ban on raw cotton export
- Govt to discuss new rules governing stock exchanges
- Mergers within group should be exempted from CCI norms
- International Accounting Standards Board (IASB) wants full IFRS adoption in India
- Commerce Minister to take up DEPB issue with Pranab Mukherjee
- Govt to take view on exports of wheat and non-basmati rice after assessing requirement under the proposed National Food Security Act
- IPO scam – Sebi fines Rs 9.40 cr on broker Purshottam G Budhwani
- ICAI – Zone-shifting of candidates for June – 2011 CPT Exams
- Govt to introduce Security Features in all Denominations of Indian Bank Notes
- Govt to soon finalise Rs 40000 crore disinvestment roadmap
- RBI releases Report of the Working Group on Introduction of Financial Holding Company Structure in India
- Rajiv Kumar replaces Amit Mitra as FICCI secretary general
- 2G Scam – HC rejects bail pleas of 5 corporate honchos
- Govt pegs GDP growth during UPA rule at 8.5 Percent
- New companies bill to encourage ‘responsible corporate behaviour’
- Dispute Resolution Panel (DRP) Revised Constitution w.e.f. 23.05.2011
- Legal issues may delay Mahindra Satyam, Tech Mahindra merger- Nayar
- ICSI – Campus Placement for Fresher Members and Students on 25th May, 2011
- Download Online Free Income Tax Return Filing Software for ITR 5 and ITR 6 – A.Y. 2011-12
- US market regulator SEC asks Wipro to prove its auditor KPMG India’s independence
- Mortgagor can file suits for redemption as long as the mortgage subsists, Says SC
- SC dismisses Larsen & Toubro appeal in its lost bid for fast patrol vessels for Indian Coast Guard
- Unless the correctness of facts, is put in issue, a question of law does not arise
- Customs – Refund – Adjudicating Authority cannot permitted to circumvent the order passed by the High Court
- Time limit prescribed for one scheme could be completely unwarranted for another scheme and time limit prescribed under Section 11A of the Central Excise Act, 1944 is no exception
- Supreme Court sets aside Allahabad Court judgement on tax exemption- U.P. Trade Tax Act, 1948 – Central Sales Tax Act, 1956
- IMF – Selection of new chief due on June 30
- Income-Tax Department starts scrutiny of over 6.5 lakh demat accounts
- Ministry of Corporate Affairs asks SFIO to outsource job partly to private sleuths
- Finance Ministry to set up Directorate of Criminal Investigation
- To reduce accidents in night govt may make anti-glare tech in vehicles mandatory
- More foreigners than Indians receiving patents in India
- Frauds cost Indian Banks over Rs. 2000 crore during 2009-2010 – CBI chief
- EPFO not to look at past performance while appointing new Asset Management Companies (AMCs)
- Annual Confidential Reports of government officials not personal, says CIC
- XBRL reporting will possible better vigilance over activities of Companies
- Foreign exchange –Contravention of provisions of Act–Liable to prosecution as well as penalty by adjudicating officer
- Bank cannot be compelled to give loan -consumer court
- UP Trade Tax – Stainless steel wire not covered within entry (ix) of clause (iv) of S. 14 of CST Act
- Retail investors may get unused staff quota in IPOs
- New Internet rules – Govt asks why critics were silent on draft
- CBDT to continue to enjoy phone tapping power
- 2 Customs officials booked for demanding bribe in Andhra
- Asset quality of banks is a matter of concern – Pranab
- PM’s address at release of Report to The People 2010-11
- Its Appellant who have to show that despite the right to possess the demised premises exclusive, a right or interest in the property had not been created – SC
- Registrar of Companies – Issue of Certificate by Digital Signature – General Circular No. 29/2011
- Participation by directors in meetings of Board / Committee of directors under the Companies Act, 1956 through electronic mode – General Circular No. 28/2011
- Participation by shareholders in general meetings under the Companies Act, 1956 through electronic mode – General Circular No. 27/2011
- Income Tax – Charges for data processing not ‘royalty’
- Validity of sale deed executed by de facto guardian on behalf of minor without permission of court
- Download online ICSI Admit Cards June 2011 Session
- Center approves 42K annual plan of maharashtra
- Dr. Moily Addresses Round Table in St. Petersburg on ‘Legal Security of Business Transactions, Investments and Financial Instruments-New Challenges of the Global Crisis’
- ITR-4- ITR-4S Download Free Online Software for A.Y. 2011-12
- Form 16 & 16A for FY 2010-11 / A.Y. 2011-12
- Understanding DTAA with Latest Case Laws
- Maharashtra Vat On Fabric – Fresh Confusion Part – II – VAT @ 4% / 5% is Chargeable On Fabric w.e.f. 1st April 2010- Know How?
- Circular on interpretation of the term ‘used outside India’ under Export of Services Rules for the period upto 27 February 2010
- CBDT permits issue of TDS certificate for non-salary (Form 16A) income with digital signature
- All certificates and standard letters issued by Registrar of Companies will now be issued electronically
- Procedure under the Companies Act, 1956 for holding general meeting through electronic mode
- Govt allows holding of AGM through video conferencing
- Sebi stops Vaswani Industries listing suspecting dummy IPO subscriptions
- 2G Scam – Bail can not be given just on the basis of Gender
- 10 Driving Training Schools to be set up with a Cost of Rs. 140 Crores
- MLAs elected on BJP tickets had incurred disqualification in view of 10th Schedule to Constitution
- Oilfield service company – whether an industrial undertaking/ mineral oil concern
- Increase in Housing Loan Limit under Priority Sector -Circular No. RPCD.CORRB.No.71/03.05.33/2010-11
- Supreme Court hedges against an attack to broaden Bhatia International
- Transfer Pricing – Arm’s length price under TNMM can be determined even with one comparable company
- Salient features of Combination Regulation, 2011 issued by Competition Commission of India
- RBI Circular on Setting up of Central Electronic Registry under the SARFESAI Act, 2002
- 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
- New Director’s Relative (Office or Place of Profit) Rules, 2011 – NOTIFICATION NO. G.S.R. 357(E), DATED 02-05-2011
- Apple Android phones face tighter laws in Europe
- Regarding inclusion of ICD Marripalem (Guntur Dist.) in Customs Notifications under specified Export Promotion Schemes
- Supreme Court stays further action under SARFEASI Act in respect of Co-operative Bank cases in DRTs
- Hedging IPO flows by Foreign Institutional Investors (FIIs) under the ASBA mechanism
- Forward cover for Foreign Institutional Investors – Rebooking of cancelled contracts
- FEMA : RBI’s directions on AML/CFT standards in Cross Border Inward Remittance under MTSS based on statement of FATF – A.P. (DIR SERIES) CIRCULAR NO. 66, DATED 20-05-2011
- FEMA – RBI’s instructions on further statement of FATF relating to AML/CFT standards – A.P. (DIR SERIES) CIRCULAR NO. 65, DATED 20-05-2011
- FEMA – RBI’s guidelines on tackling risks arising from deficiencies in AML/CFT regime of specified countries – A.P. (DIR SERIES) CIRCULAR NO. 64, DATED 20-05-2011
- FEMA – RBI’s instructions on application of counter-measures to protect international financial system from ongoing money laundering and terrorist financing risks – A.P. (DIR SERIES) CIRCULAR NO. 63, DATED 20-05-2011
- Union Cabinet okays proposal to revive Scooters India through JV route
- 2G Scam – Lawyer seeks to implead Anil Ambani, Radia
- GOvt to decide soon on EFPO interest rate for 2011-12
- 2G Scam – Kanimozhi arrested as bail plea rejected by CBI court
- RBI releases ‘Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks – December 2010′
- UN expert lauds UK limits on vulture funds that prey on poor nations’ debt
- Maharashtra Vat On Fabric – Fresh Confusion from 1st May 2011
- Service Tax- Sub-contractors for the infrastructure sector
- Understanding Transfer Pricing With Latest Case Laws
- Service tax applicable on maintenance, repair and overhauling (MRO) services to airlines by GMR Venture in SEZ – AAR
- ROC to probe market research agency Speak Asia
- SEZ unit and developers requires sanction of Unit Approval Committee for availing service tax refund
- Mohammad Ahmad & Anr. Versus Atma Ram Chauhan & Ors. (Supreme Court)
- Mutual Funds to provide option to investors to receive allotment of Mutual Fund units in their demat account for all schemes
- Excise, service tax evasion of Rs 5,000 crore in FY’11
- Andhra Pradesh High Court stays Service Tax On Lawyers
- Powers of phone tapping continue to remain with us – CBDT
- RBI raises NPA provisioning for bad loans
- IASB issues four new standards (IFRS)
- Industry condemns Move to end DEPB scheme
- Benefit of Central Excise duty exemption on pipes against S. No. 7 in column (3) of the Notification No. 6/2006 (CE) dated 1-03/06 as further amended vide No. 6/2007 dated 1-3-07 & 26/2009 dated 4/12/09
- 2G Scam – CBI shielding Tatas, Balwa tells court
- DEPB scheme to end on June 30 – Mitra
- Rupee my depreciate upto 20 Percent in next two years
- Exchange 25 paise coins before June 30
- No immunity to IMF chief, says US
- IMF chief jailed without bail in NY hotel-sex case
- IASB flays India for postponing over IFRS
- Clarification on Service Tax Refund to SEZ – Circular No. 142/11/2011-ST
- Additions on the basis of Cash Credits under Section 68 of the Income Tax Act 1961
- Taxability of Legal Services
- Certification of e-Forms under the Companies Act, 1956 by practicing professionals – Corrigendum to Circular No. 14/2011 dated 08th April, 2011
- Enhancement of Rates of Provisioning for Non-Performing Assets (NPA) and Restructured Advances
- Clarification on Loan to Public Limited Companies Under Section 295 of the Companies Act
- DGFT – Addition of Municipal Corporation of Delhi (MCD) as preshipment inspection agency for export of meat
- DGFT – Amendment in the Notification No.50/2009-14 dated 6.7.2010. Export of Guar Gum
- DGFT – Amendment in Procedure of Tariff Rate Quota Scheme
- Clarification on Guidelines on Outsourcing of Activities by Insurance Companies
- HC refuses to decide limit for wedding expenses
- Adjustment of differential pricing amount at the time of application for allotment of specified securities
- CBDT recovers Rs 30,000 crore black money in last 2 years
- Unmarried Hindu woman has equal property rights
- Anand Sharma to Lead Indian Side for India-Africa Trade Ministers’ Meet
- Mitra resigns as Ficci Secretary General
- SEZ Exports in 2010-11 Registers Growth of 43 per Cent
- UN report projects continued high growth rates for African economies
- Clarifications on prosecution provisions under Service tax laws
- Issue of TDS Certificates Form 16A downloaded from TIN Website
- Foreign companies to pay tax on revenue earned under seismic data acquisition and processing contracts – AAR
- Summary of the latest regulations governing combinations under the Competition Act, 2002 notified on 11 May 2011
- Powers of Excise and Taxation Inspectors enhanced till 31st December 2011 to make it almost at par with ETOs in Punjab
- Delhi HC rules on power of Municipal Corporation to Regulate/control over the construction of Telecom Towers within their area
- CBDT targets tax collection of Rs 5,30,000 for the year 2011-12
- CBI arrests eight dummy candidates for appearing in All India Pre-Medical Test- 2011
- Trai may get more teeth; likely to be on par with Sebi
- Migrants and minorities still vulnerable to discrimination at work – UN report
- RBI hints at more steps as April inflation still too high
- Speak Asia clarifies over wrongly claiming clients
- Police-IMF head picked out of lineup in sex case
- DGFT Circular on Minimum Export Price of Bangalore Rose Onions and Krishnapuram Onions
- IMF not to pay bill for Kahn’s infamous hotel stay
- Discontinuation of DEPB scheme will affect exports growth
- ITR 3 – Free Online Income Tax Return Preparation Software for A.Y. 2011-12
- Govt exempts whole 9.5% interest on Provident Fund (PF) for 2010-11
- Income Tax notices to Bhave are for routine Scrutiny for A.Y. 2009-10, says CBDT
- Loan to Public Limited Companies under Section 295 of the Companies Act, 1956 – Clarification regarding
- SC sent advocate Jail for forging the signature of Karnataka High Court
- RBI – Enhancement in gratuity limits – Prudential Regulatory Treatment
- Withholding tax need not to be deducted on payments made for services like transcription and data processing –AAR
- SC pulls up Income Tax department for not taking timely action in 2G case
- Finance Minister Welcomes Substantial Decline in Core Inflation
- CBDT facing Acute shortage of office space and residential quarters
- Revision of procedure for approval by Central Government for payment of remuneration to a relative of a director for holding an office or place of profit in the company
- Sebi ask MFs to be conscience keeper of firms -Advises to disclose ‘voting policy’ on net
- Make Available’ under India-Singapore DTAA vis-à-vis Technology Transfer Agreement and Services Agreement
- Soon Stock brokers may not be required to seek ‘running account authorisation’ from clients every year
- Gain from Portfolio Management Scheme (PMS) not Business Profit – ITAT Mumbai
- Provisions of section 2(22)(e) of the Income Tax Act, 1961 related to deemed dividend not applicable to non shareholders – Delhi HC
- ROC invites comment on Compliance of provisions of the Companies Act, 1956 and Rules made thereunder
- Govt signs USD 150 million loan agreement with World Bank to push e-governance
- FEMA – Revised guidelines on KYC norms/AML standards under Money Transfer Service Scheme – A.P. (DIR SERIES) CIRCULAR NO. 62, DATED 16-05-2011
- FEMA – Revised instructions on KYC norms/AML standards – A.P. (DIR SERIES) CIRCULAR NO. 61, DATED 16-05-2011
- RBI – Comprehensive Guidelines on Over the Counter (OTC) Foreign Exchange Derivatives and Overseas Hedging of Commodity Price and Freight Risks
- How to get Service Tax Registration Number Online?
- Business losses carried forward beyond a period of eight years could be deducted in computing the book profit
- Section 50C Does Not Apply To Lease Rights
- Criminal trial of directors can not be quashed merely because the loan has been repaid with interest
- Cultivation of areca nut, coconut, cashew, black pepper and other cash crops are non-forest activities which cannot be allowed in reserved forests
- Supreme Court – Indian court has no jurisdiction in international arbitration
- Advertisement and business promotion expenses incurred on commercial expediency would not be disallowed even if somebody else is benefited
- CCEA approves the proposal to amend the Policy on allowing FDI in LLPs
- Issue of perversity of findings could by itself come within the ambit of a substantial question of law
- In case of compensation for permanent injury suffered in a motor vehicle accident, the loss of earning capacity of the victim alone is not the factor to be taken into account- SC
- Loan securitization income can be considered as interest income and hence eligible for deduction under section 36(1)(viii)
- Service tax collected from customers not to be added while determining presumptive shipping income under section 44B
- SC Asks Skoda to pay Rs 30 crore to customs dept as pre-deposit money for initiating adjudication within 4 weeks
- After petro Price hike, Govt to decide on diesel price hike next week
- Deduction U/s. 10A available on conversion of existing Domestic Tariff Area unit into Software Technology Park unit
- CBDT Instruction on need to rely upon the opinion from technical experts in cases involving complex technical matters and transfer pricing cases
- Harbhajan Singh receives notice for not paying service tax on his income
- Amendment to Canteen Stores Exemption Notification – Notification No. VAT-1511/CR. 64/Taxation-1
- Maharashtra Value Added Tax (Third Amendment) Rules, 2011- Notification No. VAT 1511/CR 58/ Taxation-1
- MVAT Trade Cir. No. 8T of 2011 – Budget 2011-12 – Taxation of liquor
- Merely because the claim was made under one provision of the Act and not under another provision does not debar the assessee from claiming deduction u/s 37(1) even if it was not raised before the lower authorities
- Department of Industrial Policy & Promotion (DIPP) issues Discussion Paper on Utility Models
- Amendment in SEBI (ICDR) Regulations, 2009
- Amendment in SEBI (Stock Brokers and Sub-brokers)/(Merchant Bankers)/(Registrars to an Issue and Share Transfer Agents)/(Underwriters)/(Debenture Trustees)/(Bankers to an Issue)/(Depositories and Participants) and (Credit Rating Agencies) Regulations
- SEBI – Renewal of recognition to Ludhiana Stock Exchange
- SEBI- Clarification on Self-Clearing Member in the Currency Derivatives Segment
- Service Tax – CBEC’s instructions on applicability of provisions of Export of Services Rules, 2005 in certain situations – Circular No. 141/10/2011-TRU, Dated 13-05-2011
- Agreement between India and Isle of Man for exchange of information with respect to taxes – Notification No. 26/2011 Dated 13-05-2011
- IT -Agreement between India & Commonwealth of The Bahamas for the exchange of information with respect to taxes – Notification No. 25/2011, Dated 13-05-2011
- To enhance surveillance and protect investors’ interest SEBI mulling business intelligence gathering mechanism
- States to look for new chief to replace Asim Dasgupta , who can steer GST
- Forgery Case – Former Fifa referee under the scanner
- Online pharmacies Ad – Google close to settling US criminal investigation
- Sebi mulls new incentive structure for Mutual Fund agents
- UN human rights official lauds ratification milestone for disability pact
- SKS Microfinance challenges special act passed by AP govt to regulate micro finance institutions in SC
- Fake ration cards – Government to initiate criminal proceedings
- Centre plans to introduce bill on Land Acquisition
- Sexual exploitation of children on the rise in Mauritius, UN rights expert warns
- Commerce Ministry to push for for stepping up benefits for exporters
- Oil companies hikes petrol price by Rs. 5 Per litre
- CBEC to file reports to Directorate of Legal Affairs (DLA) on monthly basis
- Income Tax -Employees’ Provident Fund – 9.5% notified as rate of interest
- Opening of Escrow Accounts for FDI transactions – Recent Amendment
- Key clarifications and Open issues in FAQ on Provident fund for international workers
- FDI in Limited Liability Partnerships – Policy announcements
- ICSI – Six Month Training at Registrar of Companies/ Official Liquidator/Regional Directors
- Government Plans to conduct the Sixth Economic Census as a Central Sector Plan Scheme during 2012
- CCI notice to NSE for abusing dominance in currency derivative market
- MCA issues corrigendum on filing of Balance Sheet and Profit & Loss Account in extensible Business Reporting Language (XBRL) mode
- India Signs DTAA with Republic of Colombia for Avoidance of Double Taxation and for Prevention of Fiscal Evasion with Respect to Taxes on income
- Quarterly Report on Debt Management for the Quarter Jan-March 2011 Released
- Foreign Contribution (Regulation) Rules, 2011
- Notification – Foreign Contribution (Regulation) Act, 2010 to Come Into Force w.e.f. 1-5-2011
- Haryana asks I-T sleuths to curb pilferage of tax
- SC bans production, sale and use of Endsosulfan for 8 weeks
- Companies (Accounting Standards) Amendment Rules ,2011
- SEBI – Clarification on circular dated December 3, 2009 on ‘Dealings between a Client and a Stock broker
- Notification No. 34/2011 – Customs (N. T.), amends Notification No. 36/2001 – Customs (N.T.), dated-3rd August, 2001
- CBI raid at premises of trader in bank loan case
- CBI raids ex-minister’s house, arrests retired IAS
- ICAI – Invitation for Empanelment of Resource Persons for Investor Awareness Programmes
- Summary of FAQ on Applicability of Employees’ Provident Fund and Pension Scheme to International Workers
- CCI (Procedure in regard to the transaction of business relating to combinations) Regulations, 2011
- Minister for Corporate Affairs stresses to expedite the Process of Liquidation Of Companies
- Securities Scam – SC dismisses Appeal filed by Mehta’s ; Creditors may get Rs 1000 Cr
- Brief on Judgment of the Supreme Court Dated 11.5.2011 on Bhopal Gas Tragedy
- Govt nets Rs. 7.90 lakh cr in taxes in FY’11; FM appreciates I-T department
- CAG may review transfer pricing case, says I-T dept
- Corrigendum to Circular no. 09/2011 dated 31.03.2011 related to Filing of Balance Sheet and Profit and Loss Account in XBRL mode
- Service tax Circular on prosecution for specified offences
- CORRIGENDUM – Manual filing and processing of bills of entry / shipping bills – stringent checks required to prevent misuse -reg
- RBI – Monthly Bulletin – May 2011
- ICAI – Transfer/Termination of Articleship with prior approval of institute
- Review of Utilization of 13th Finance Commission Grants
- Format of Auditor’s Report under the Companies Act for Financial Year 2010-11
- IT authorities quiz Kanimozhi, Kalaignar TV MD
- Expenditure on voluntary retirement scheme is tax deductible even if the scheme is not in accordance with the exemption provision for the employees
- Payment to US companies for ‘developing tooling’ and ‘validating new process for manufacture’ of wheels is taxable as fees for included services
- Finance Ministry to take up 42 foreign direct investment (FDI) proposals Next Week
- FM Hopes for Further Moderation in Food Inflation in Coming Weeks
- SEBI- Reporting of Offshore Derivative Instruments(ODIs)/ Participatory Notes(PNs) activity
- Sam Pitroda gets ITU World Telecommunication and Information Society Award 2011
- Export Grows 34.4 Percent in April 2011 – Commerce Secretary
- Black money case – SC pulls up Enforcement Directorate
- Karnataka launches e-payment for commercial tax payers
- SC asks Centre to frame guidelines on phone tapping
- Edelweiss Tokio Life Insurance Company Limited Registered with IRDA to carry the Life Insurance business in India
- National Disaster Management Guidelines on Ensuring Disaster Resilient construction of Buildings and Infrastructure
- If AO finds actual rent received is less than the fair market rent because of the abnormally high interest-free security deposit, he can adjust it
- Excise duty refund eligible for deduction u/s 80-IB
- Transfers & Postings of Commissioners and Directors of Income-tax
- Adani group challenge imposition of MAT on SEZs; Gujrat HC issues Notice to Ministry of Finance and I.T. dept
- RBI Circular on Regulatory and Audit Compliance
- Regarding imports of goods under Chapter 84 of ITC (HS) and the requirement of compliance to Chapter 87 Import License Notes
- ICAI invites comment on Accounting for Foreign Exchange Gains and Losses arising on Translation of Long Term Monetary Items
- SBI to introduce green-channel banking at more branches
- Govt approves FDI in Limited Liability Partnership firms
- Amends Notification No. 21/2002 – Customs, dated 1st March, 2002
- Monthly Technical Reports both Customs and (Central Excise and Service Tax) Annexures on litigation matters – revisions – regarding.
- To Achieve Sustained GDP Growth Rate of 9 to 10 Percent with Fiscal Prudence and Moderate Inflation is a Major Challenge – Pranab Mukherjee
- 2011 to See an Improvement in World Economy- says Pranab Mukherjee
- CCI Releases Regulation of Combinations for Corporate Sector
- Exemption from Liability for Hosting Third Party Information – Diligence to be Observed under Intermediary Guidelines Rules
- Govt to redraft norms for appointing merchant bankers for PSU issues
- SC allows prosecution of Reliance honchos under Official Secrets Act
- RBI sets up committee on forex facilities to individuals
- Union Finance Minister congratulates all the members of ‘Aayakar Parivar’
- CBDT committed to reduce the reporting burden of Ayakar Parivaar
- Observations of Hon’ble Justice Markandeya Katju on The Functioning Of Lower Judiciary?
- Amendment to the Administrators-General Act, 1963 to raise the monetary limit from Rs. two lakh to Rs. ten lakh
- Shri Salman Khurshid Launches the New Website of the Ministry of Minority Affairs
- SBI hikes lending rates by 75 bps , Other banks may follow
- ICSI President’s Communique – May, 2011
- RBI Circular on increase in Limit of Housing Loans Under Priority Sector Advances – UCBs
- CBI Arrests a Private Secretary of a Minister in Punjab Govt.
- Drive against illegal selling of plastic pan masala pouches
- RBI liberalises pledge of shares of Indian Company by Non-Resident Investors for business purposes
- Employee Provident Fund (EPF) – Special Provisions for International Workers (FAQs)
- No service tax on hotel food sent up to rooms
- Service Tax – Short Term Accommodation Service and Restaurant Service – Clarification
- Access to Sensitive Personal Information under New IT Rules Only with Checks and Balances: Clarifies DIT
- Frequently Asked Questions on Appointment of Cost Auditor by Companies
- e-TDS/TCS RPU (version 2.4) for statements from FY 2005-06 onwards
- MCA – Option of XBRL reporting by 15th of July
- ICSI – Draft National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business and Global Reporting Initiative
- 27th Annual Conference of Chief Commissioners and Directors General of Income Tax, 2011
- Now websites can track your IP address and location within a radius of about 690 meters
- Govt may approve FDI in LLP tomorrow
- Praful Asks Finance Ministry to give time to auto companies on new CKD duty
- BSE seeks to revive wholesale debt trading platform
- LIC issuing receipts without affixing revenue stamps
- Regarding continuation of anti dumping duty, up to and inclusive of the 24th February, 2012, on viscose filament yarn imported from China PR and Ukraine imposed vide notification 45/2006-customs dated 24th may 2006
- Contempt plea in SC against makers of Rajnigandha, Tulsi
- Disobedience to Order of Arbitrator is an Offence
- CBDT – Transfers / Postings of Additional/ Joint CITs in International Taxation and Transfer Pricing
- Business rules and taxonomy for XBRL reporting
- RBI penalises two cooperative banks of Gujrat for violation of KYC and Anti-Money Laundering (AML) guidelines
- Sebi warns Indian Companies over ‘fixing’ markets
- RBI Governor backs ‘formal’ autonomy for RBI
- SEBI Fears black money flow and terror financing risks from Iran and North Korea
- Revision of tendering schedule for Development and Implementation Intergrated Surveyor Licensing Management System
- 2G Scam – High Court reserves verdict on bail pleas of five corporate Honchos
- Delhi HC on Service tax on Reting of Immovable property – 9th May
- Reserve Bank of India liberalised opening of Escrow Accounts for Foreign Direct Investment transactions
- CBDT Drive to clean up TDS database by May 20 2011
- Sebi protected CB Bhave in IPO scam alleges G Mohan Gopal
- Whether any penalty or interest may be levied for non submission of requisite C forms?
- CS June, 2011 Examinations – Discontinuation of Dispatch of Admit Cards in physical form
- Powers and Functions Delegated To ROCs for Specified Provisions of Companies Act – Corrigendum
- RBI- Maintenance of Statutory Liquidity Ratio
- RBI – Salient features of Marginal Standing Facility Scheme
- Housing Loan limit under priority sector increased from Rs. 20 lakh to 25 lakh w.e.f. April 01, 2011
- Seizure of Fake Indian Currency Notes (FICN) having total face value of Rs.3.00.000/- by DRI, Kolkata & Berhampore
- Companies (Amendment) Regulations, 2011 vide notification dated 9th May, 2011
- 2G Scam – Delhi HC reserves verdict on corporate honchos’ bail pleas
- Sinha wants corporates to be on ‘right side’ of Sebi
- Negotiable Instrument Act – No case made out if cheque issued for Security Deposit – Bombay HC
- How to get unique identity number (UID)
- SC asks Sahara to provide details of its fund-raising scheme
- Mukesh Ambani forgoes Rs 23.75 crore from salary
- ICAI notifies Information Systems Audit (ISA) Course Assessment Test
- No prior notice needed for seizing bank account during criminal investigation
- HC can only interpret a notification, it can not alter the same – SC
- Mortgage suit can not be referred for settlement through arbitration
- Appeal Forms of Customs, Central Excise, Service Tax, Customs Tariff (Anti Dumping Duty)
- Liability to pay service tax on spare buses having spare bus permits
- Waiver from filing Income Tax returns to benefit 85 Lakh tax payers
- Income Tax department tracking your visit to tax havens
- New company law to make it mandatory for companies to disclose details of social sector initiatives
- Why Silver crashed and is it the time to Invest?
- Transfer Pricing – If loss making companies were excluded, a super profit earning company should also be removed from the comparables
- Tax Refund Interest Not ‘Effectively Connected’ With PE
- Salient Features of FCRA, 2010 Comes into Effect from May 1, 2011
- Ficci Committee to advise aviation sector on effect of GST
- Uploading of Information relating to some intra state transactions made compulsory w.e.f. 1-6-2011 in Punjab
- UCO Bank moves HC against IT order levying fine on it
- SC to hear Sahara plea against giving investor details to Sebi
- Service Tax Brings CA and Lawyers at Par Now
- Notification for Special Examination Scheduled to be Held on 17th May 2011 for Hindi Medium Candidates of PCE and IPCE – (07-05-2011)
- Hotel Rooms and Eating out Become Costlier
- Sahara Group under scanner in Koda and other cases – SC
- SC to hear petition on NSDL role in the IPO scam
- Defaulters owe over Rs 103 crore to Sebi as penalty
- Sebi wants govt role in implementing Jalan panel report
- Savings rate deregulation may push up costs for account holders
- Features of Proposed Project for Development and Implementation of E-Learning Portal
- RBI may make it mandatory for foreign banks to adopt wholly-owned subsidiaries route
- Rs 80 lakh fraudently withdrawn from FCI account
- Form 16 – Erroneous reference to Form 12BB
- New Dates announced for cancelled Hindi medium papers of PCE and IPCE
- No Tax On Redevelopment Gains For Society and Members – ITAT Mumbai
- Circular on NPA and Other Provisions Applicable to Audit of Co-Operative Credit Societies and Bank in Maharashtra
- Vehicle hire charges falls within the scope of Section 194C not under section 194I
- Services provided by sub-contractors/consultants and other service providers are classifiable as per section 65A
- Mere use of technical design or plan without absolute transfer of right of ownership is taxable as fees for included services under Article 12 of the Indo-Canadian Treaty
- Finance Ministry Initiates Public Debate on Negative list for Taxation of Services
- Minimum Recommended Scale of Fees for CA in Practice
- Foreign Exchange Management Act, 1999 – Import of rough, cut and polished diamonds
- Income Tax department issues Rs 25,000 crore refunds; to issue more
- Govt tightens Deemed Export benefit scheme, to save Rs 1800 cr
- No Conflict Between Objectives of High Growth and Low Inflation in Long Run-RBI Governor
- CWG Scam – CBI carries out searches at 10 places ; Registers fresh case against 6 OC members
- Supreme Court issues contempt notice to Sahara chief and to two journalists
- Whether de-shelling and re-shelling of old and worn out sugar mill rollers is liable for service tax under Maintenance or Repair service?
- Withdrawal of Withdrawal Application Permissible – SC
- CBI registers case in connection with Merchandising and On-Line Retails Concessionaire for CWG Games-2010
- 2G scam – SC slams Income Tax dept for slow probe
- CBI raids premises of bank, pvt firm officials in MP in connection with alleged scam of Rs 6-crore
- Foreign Tourist Arrivals and Foreign Exchange Earnings in April 2011
- India seeks pressure on tax havens to share information
- November 2011 examination- List of ICAI’s Publications relevant for CA Final, PCC, IPCC and Professional Competence Examination
- Nature of payments attracting TDS and rates thereon for the Financial Year 2010-11
- Services by way of advice, consultancy or technical assistance in the case of turnkey contract attracts service tax liability
- Grant of redevelopment rights on a property amounts to transfer of property, and gives rise to capital gains, liable to tax and provisions of Sec 50C are invokable in such a case
- Gift of property by a Muslim need not be registered – SC
- Lies Vs Truth Regarding Recovery of ‘Industrial Loan’
- ICWAI President’s Message May 2011
- The Asian Century A Reality – Pranab Mukherjee
- Company Secretaries (CS) Examinations – December 2010 Results
- CBI arrests Chief Parliamentary Secretary, Punjab and an official of Registrar, Firms & Societies, Punjab in a bribery case
- RBI relaxes norms for making payments using mobile phones ; Raises Limit to 50K
- Cost Audit Order for Bulk Drugs, Fertilizers, Sugar, Petro, Electricity, Telecom, Alcohol and Petroleum Industry
- Cost Audit Order for Cement, Tyres, Tubes, Steel Tubes, Steel Pipes, Paper, Insecticides Industries
- RBI penalises Bank based in Gujrat for violation of KYC and AML Norms
- Early refunds saved interest outgo of Rs 4,000 cr- I-T Dept
- Sebi to outsource investor helpline to third-party call centre
- FM holds bilateral talks with Japanese Finance Minsiter
- FM’s Intervention on ‘Managing Inflation and Capital Flows’
- Large companies may have to adopt IFRS from next financial Year
- Indian Bank hikes Base Rate, BPLR by 50 bps each
- HC – Don’t make retirees run pillar-to-post for benefits
- SC dissatisfied over tardy tax evasion probe into 2G scam
- ICAI-Cancellation of HINDI MEDIUM Paper -3 of PCE and Paper -2 of IPCE of 05 May 2011
- Cost Audit Order for Bulk Drugs, Fertilizers, Sugar, Petroleum, Electricity, Telecom, Alcohol and Petroleum Industry
- Officials to face action for refusing postal orders as RTI fee
- Finance Minsiter calls on General Secretary of Communist Party of Vietnam in Hanoi today
- Transfer of shares of Indian company without consideration in the course of group reorganization not liable to tax in India – AAR
- Circular on amendments made in Cenvat Credit Rules 2004 vide Union Budget 2011
- Increase in Authorised Capital is not liable to stamp duty under Indian Stamp Act, 1899 as applicable in Delhi
- ICSI – Compulsory Attendance of Professional Development Programmes by the Members
- Order No. 78 of 2011 related to Posting as OSD in the CCIT(CCA) Region
- Income Tax department finds tax evasion in 2G; status report in SC tomorrow
- Kalmadi, two others sent to 14 days judicial custody
- Instruction on Manual filing and processing of bills of entry / shipping bills – stringent checks required to prevent misuse
- When does the ‘overriding effect’ operate
- Clarification Regarding Effective Date of Companies (Particulars of Employees) Amendment Rules, 2011
- Amendment in Paragraph 2.31 of FTP, 2009-14 to allow export of samples as part of passenger baggage
- Over 50 Percent US green card holders plan to return home – Survey
- Set off of indexed long term capital loss permissible against non-indexed long term capital gains
- DRT can not decide tenancy and ownership issues
- NSDL, CDSL authorised to facilitate electronic voting for cos
- Project Imports Regulations, 1986 (PIR) – Instructions – regarding.
- Key considerations and action points for Indian corporate entities
- Accounting for exchange differences arising on long-term foreign currency monetary items
- Not Considering Law Laid Down By Supreme Court – An Error Apparent On Face of Record
- Matters Involving Moral Questions Are Not Resolved By Arbitration
- VAT Trade Cir – 7T of 2011 – Amendment to the Maharashtra Value Added Tax Act, 2002
- Taxation of Liquor – MVAT Notification No. VAT-1511/C.R.-57/Taxation-1 dated 30th April 2011
- RBI Policy Guidelines for issuance and operation of Prepaid Instruments in India
- Procedure for TDS refund
- RBI Circular on Mobile Banking Transactions in India – Operative Guidelines for Banks vide Circular No. DPSS.CO.No.2502 /02.23.02/ 2010-11 Dated – May 4, 2011
- IRDA- Insurance Repositories – Calling for Application Forms
- IDFC likely to issue tax-saving infra bonds in Q2, FY 12
- RBI Consulting govt over draft guideline for new banks; Uncertainty continues over licences to new pvt banks
- Salient Points of Strategy for Doubling Exports in next Three Years (2011-12 TO 2013-14)
- Short term capital gains on transfer of depreciable assets can be set-off against brought forward loss from other long term capital assets
- RBI Monetary Policy Statement 2011-12
- Grounds on which Entry Tax stayed in Punjab by HC – Analysis of the Judgment in Bhushan Steel case
- Clarification regarding effective date of Companies (Particulars of employees)Amendment Rules,2011
- RBI raises policy rates by 50 basis points
- RBI circular on changes in Repo and Reverse Repo Rates
- RBI increases Interest Rate on Savings Deposits to 4 Percent
- Standing Liquidity Facilities for Banks and Primary Dealers – REF.No.MPD.BC.343 /07.01.279/2010-11 dated May 3, 2011
- Bank loans to Micro Finance Institutions (MFIs) – Priority Sector status – RPCD.CO.Plan. 66 /04.09.01/2010-11 Dated – May 3, 2011
- IRDA invites Tender for Development and Implementation of Integrated Surveyor Licensing Management
- Empanelment of CA firm for statutory audit of Uttarakhand Health and Family Welfare Society
- Empanelment foe Auditing the Accounts of Tripura State Council for Science & Technology for the Financial Year 2010-11
- Empanelment of CA Firms for Conducting Internal Audit Of Sarva Shiksha Abhiyan For The Financial Year 2010-11
- Definition of ‘industry’ as per Section 2 (j) of the Industrial Disputes Act, 1947 (14 of 1947)
- Professional Consulting Service Firms liable under ESI
- Pre Printed Form Contracts-Validity
- Director’s Personal Guarantee – A Void Agreement
- ICAI e-Journal (May 2011)
- Repo to be reference rate for monetary policy- RBI, 9th Increase in rates by RBI in last one year
- Govt approves 21 Proposals of Foreign Direct Investment amounting to Rs. 1027.20 crore
- Haryana Excise Dept collects revenue of Rs 16,068 cr
- SEBI – Amendment in SEBI (Stock Brokers and Sub-Brokers) Regulations – Notification No. LAD-NRO/GN/2011-12/01/11486, DATED 06-04-2011
- RBI ups provisioning on select types of non-performing loans
- Micro Finance Institutions (MFIs) cannot charge more than 26 pc interest – RBI
- Home, auto loans to cost more as RBI tightens policy
- SEBI – Renewal of recognition to Gauhati Stock Exchange from 1-5-2011 to 30-4-2012 – NOTIFICATION NO. LAD-NRO/GN/2011-12/04/13647, DATED 28-04-2011
- RBI Monetary Policy Statement for 2011-12 Press Statement by Dr. D. Subbarao, Governor
- DGFT – Permission to export 2,50,000 MTs of wheat, in the year 2011-12, to Afghanistan, upto 31.03.2012.
- Exports post highest growth of 37.5 Percent at 245.90 bn Dollar in FY’2011
- PwC in $25.5 mn settlement over Satyam audit
- Bad upkeep of I-T offices shocks CBDT chief in surprise visit
- Green Initiatives in the Corporate Governance- Clarification
- FCRA Comes into Force W.E.F May 2011
- Transfer/Posting of Commissioner/ Director of Income Tax Vide Order No. 76 of 2011
- SC adjourns Sahara case, allows more time to file documents
- Clarification in respect of General Circular No. 2 /2011 dated 8th February, 2011
- Approval of Ministry of Corporate Affairs for appointment of agency for providing electronic platform for electronic voting under the Companies Act, 1956
- E-Form No. 32 – Companies Act, 1956 – filing of conflicting return by contesting parties
- Marking a company as having management dispute by Registrar of Companies under MCA-21 system
- Opening of Escrow Accounts for FDI transactions – A. P. (DIR Series) Circular No. 58 Dated – May 02, 2011
- Pledge of shares for business purposes -A. P. (DIR Series) Circular No. 57 Date – May 02, 2011
- Compliance with Corporate Governance Guidelines (CG Guidelines)
- 2G Scam – I-T dept to file status report in SC on Tuesday
- Macroeconomic and Monetary Developments in 2010-11
- IRDA – Selection of Implementation Agency (IA) for Business Analytics Project
- Excise – Regarding Clarification on issues relating to CENVAT Credit Rules 2004
- Download ITR 7 in excel format for A.Y. 2011-12
- Which is / is not an Arbitration Agreement
- What, If A Point Was Argued, But Not Dealt With In The Judgment
- DGCA asks airlines not to charge exorbitant fares
- Non Performing Asset (NPA)
- Mortgagor can come to the Civil Court before sale with a civil suit
- How to Draft a Valid Jurisdiction Ouster Clause
- If ‘No Debt Due’, No Liability Is Incurred By The Guarantor
- Different Principles for Prosecuting Civil and Criminal Cases
- Correcting an error committed by the draftsman in legislative drafting in CPC, 1908
- Banks duties before declaring NPAs
- PVAT – Circular on Deferment from payment of Entry Tax in Punjab
- Various MVAT Notifications as per Budget Speech- 2011-12
- Permission to export 2,50,000 MTs of wheat, in the year 2011-12, to Afghanistan, upto 31.03.2012
- Maharashtra Tax Laws (Levy, Amendmend and Validation) Act, 2011 with Date of effect Notification for provisions of certain sections
- Finance Minister Pranab Mukherjee to leave for Hanoi Tomorrow to attend ADB’s 44th Board of Governors’ Annual Meet
- Change in MVAT rate w.e.f 01/05/2011
- Payment of fee under the RTI Act by Indian Postal Order
- Inflation likely to come down to 7.78 pc this month
- Service Tax on Restaurant & Short Time Accommodation
- Govt may come out with strategy to double exports in next three years
- SEBI wants IPO bankers to disclose their past record in handling the public offers
- Income Tax dept purchases real estate worth Rs 2,500 cr in one year
- RBI likely to raise policy rates by 25 bps to tame inflation
- Companies to send annual reports and balance sheets via e-mail
- Government likely to announce opening of multi-brand retail to foreign investors after state Assembly election results
- Sexuality education cost-effective when mandatory and integrated – UN study
- Government restructures Technology Upgradation Fund Schemes (TUFS) for Textile Industry to boost investment in Technology
- ITR 1 Sahaj and ITR 2 – Online Income Tax Return Preparation Software for A.Y. 2011-12
- Soon you will be able to Download your TDS Certificate online; Deductor will not be required to issue manually
- MCA Notification with respect of change in eforms 2, 3, 18, 23C, 24A and 32
- Are The Banks / Financial Institutions Above Law?
- 2G scam -The ‘flow’ of Rs 200 crore to Kalaignar TV and back
- TDS on Payments to NSE towards leaseline/VSAT/transaction charges
- Credit for TDS to the deductee if refund has been granted to the deductor
- Sec 199 –Does the method of accounting impact the year of TDS credit?
- Centre for Social Studies, Surat notified as an approved organisation u/s 35(1)(iii) – NOTIFICATION NO. 23 [F.NO. 203/46/2010/ITA-II], DATED 28-04-2011
- Indian Society of International Law, New Delhi notified as an approved organisation u/s 35(1)(iii) – NOTIFICATION NO. 22 [F.NO.203/43/2010/ITA-II], DATED 28-04-2011
- Applicability of section 40(a)(i) to overseas payments and provision for expenses
- Chettinad Academy of Research and Education, Kanchipuram notified as an approved organisation u/s 35(1)(ii) – NOTIFICATION NO. 21 [F.NO. 203/41/2010/ITA-II], DATED 28-04-2011
- Textiles Min to raise imposition of excise duty with FinMin
- TDS credit – When the payer and receiver of an income is the same person
- 230 eminent applicants for high profile CCI jobs
- 2G scam- Offshore firms working overtime to cover tracks
- Payment of statutory obligation would not constitute business expenditure
- New norms for telecom operators after Idea fiasco
- Interest u/s 234B due to lower deduction as per an order issued u/s 195
- Case studies of TDS on reimbursement of expenses
- Applicability of section 40(a)(i) to payment towards off the-shelf software
- Sec 197 – Certificate for Lower Deduction- Non availability of financial statements of the past 3 years cannot result in failure of the mechanism under Rule 28AA
- TDS on Payment towards equipment hired from overseas entity
- Prior approval of AO u/s 195(2) not mandatory if a valid CA certificate is obtained
- CBDT issues new Circular substituting old Circular on refund procedure for excess TDS on payments to residents
- TDS on payment of daily overseas allowances to foreign company
- Information technology skills will boost women’s participation in crucial sector – UN
- Cyber crime – RBI advises banks to set up whistle blowing system
- Download Capital Gain calculator on Sale of Shares and Mutual Funds – LTCG, STCG
- Complaint Quashed against Ex-Director-Section 138 of Negotiable Instrument Act – Dishonor of Cheque
- To qualify u/s. 194J, payment for technical services should be a consideration for acquiring or using technical know-how
- Guwahati High Court stays notification levying service tax on lawyers
- Rural households in India paid over Rs 470cr bribe for basic services
- New Validation regarding TDS transactions not exceeding / exceeding threshold limit in quarterly e-TDS/TCS statement pertaining to FY 2010-11 and onwards
- Infrastructure claims paid to franchisees vs. Rent u/s 194I
- TDS on Commission and Supplementary Commission received by travel agents
- Section 194H – Whether difference between commercial price and published price can be classified as commission or not?
- Do facilities provided by hotels –fall under the term “carrying out work”
- Do hire charges with respect to hire equipment automatically call for TDS u/s 194C?
- Whether hire of trucks without contract for carriage is covered under Sec 194C?
- Trade Negotiators given Guidelines
- PM’s Address at the Inauguration of the New Headquarters of the Central Bureau of Investigation
- ICAI President’s Message – May 2011 – (30-04-2011)
- RBI – Working Group on Information Security, Electronic Banking, Technology Risk Management and Cyber Frauds- Implementation of recommendations
- Kamath appointed chairman of Infosys; Shibulal as CEO
- Transfers/ Postings of Additional/ Joint/ Deputy/ Assistant Commissioners of Income-tax
- Interest for non deduction of TDS every Month on salaries
- Transfer Pricing- Low Turnover Companies can not be taken as comparable, Only operational profits to be considered for comparison
- Despite Large Volume of Shares Gain is STCG under Consistency Law
- Declaration For Proposed Tax Saving Investment and Expenditures For F.Y. 2011-12
- Articleship Leave Calculator with Form 119 for CA students
- TDS Chart for FY 2010-11 / AY 2011-12
- Download Sigma Dpmo Calculator
- Ahemdabd based realty firms discloses Rs. 30 crore Income after I-T searches
- Govt will notify new corporate mergers and acquisitions rules by May 5 – CCI
- RBI Governor meets FM ahead of credit policy ; Rate hike likely
- For timely promotions, adhering to the time schedule of reporting, reviewing & submission of APARs is a MUST
- Transfers/ Postings/ Promotion of Additional/ Joint Commissioners of Income-tax and CIT
- SC gives split verdict on BCCI rule change on IPL and T-20
- Clarification regarding sending copies of Balance Sheets and Auditors Report etc., to the members of the company as required under section 219 of the Companies Act, 1956 through electronic mode
- Non-retail investors to mandatorily use ASBA facility
- Deregulation of Savings Bank Deposit Interest Rate – A Discussion Paper
- TDS – Is payment for hiring of vehicles a contractual payment or Rent?
- Companies allowed service of documents to its members through electronic mode
- Summary of Service Tax Notifications Notification 29/2011 to 37/2011
- Service Tax on Individual lawyers stayed by Delhi High Court
- Issue of Irrevocable Payment Commitment (IPCs) to Stock Exchanges on behalf of Mutual Funds (MFs) and Foreign Institutional Investors (FIIs)
- Writ Petition will be not be maintainable against the award of RBI Ombudsman
- Whether legal heirs of a former employee are liable to be prosecuted under section 630 of the Companies Act, 1956?
- Securitisation Act is Violative of the Right to Shelter as a Fundamental Right
- Personal Guarantee-A Void Agreement
- Guidelines on Insurance repositories and electronic issuance of insurance policies
- Judicial Discipline – High time to evolve the Concept of Judicial Accountability
- If Exoneration in Adjudication Proceeding on Merits, Criminal Prosecution on Same Set of Facts Can Not be allowed to Continue
- Directions issued by Supreme Court in exercise of its power under Article 142 of the Constitution do not constitute a binding precedent
- Every procedure is permitted to the court for doing justice unless expressly prohibited
- Arbitral award need not be written on stamp paper by the Arbitrator
- Foreign investments in India by SEBI registered FIIs in other securities
- Agreements Valid without Paying Stamp Duty
- FEMA -Advance Remittance for Import of Goods – Liberalisation
- Extra-Territorial Jurisdiction of Provisions of the Income Tax Act
- Liaison Office engaged identifying buyers, negotiating and agreeing pricing and procuring purchase orders would constitute a PE of the Head Office under the India-Korea tax treaty
- Amends Notification No. 36/2001 – Customs (N.T.), dated, the 3rd August, 2001 vide Notification No. 33/2011 – Customs (N. T.)
- Download ITR 5 in excel format for Assessment year 2011-12 / Financial year 2010-11
- Instructions for filling out New Income Tax Return Form ITR-5 applicable for A.Y. 2011-12
- Section 50C applies to immovable depreciable assets – ITAT Mumbai
- Procedure for Refund of Excess TDS Deducted/ Paid
- Income Tax Dept searches four real estate groups in Ahmedabad
- ‘No return’ scheme for salaried class earning less then Rs. 5 Lakh to be notified by June
- EPFO to pay 9.5 percent interest foe F.Y. 2011-12 till new rate is decided
- IRDA Request for Proposal for Analysis and Reporting of Industry – Wide Fraud Trends
- Corrigendum to Notification No. 29/2011-Service Tax, dated the 25th April, 2011
- Corrigendum to Notification No. 35/2011-Service Tax, dated the 25th April, 2011
- 2G Scam – ED Will attach property worth Rs 2,000 crore of companies involved in scam
- Indian economy may Grow at around 8 percent in FY12; more RBI rate hikes likely
- 2G scam – PAC meeting inconclusive; 11 of 21 members reject draft report
- ICAI’S annual international meet begins in Dubai
- Azim Premji expresses concern over various scandals
- Suspension of IAS couple extended
- US seeks changes in India’s DTH satellite policy
- ICAI Commences Registration for the Certificate Course on International Taxation – Hyderabad
- ITR 3 & ITR 4 in Excel for A.Y. 2011-2012 / F.Y. 2010-11
- RBI advises -Do Not Pay Money to receive Large Funds from Abroad
- Despite concealment, no penalty u/s. 271(1)(c) if book profits assessed u/s. 115JB
- Disallowance u/s 14A of interest on borrowed funds was not permissible if the investment in shares was made out of own funds
- New Income tax Return ITR 1 Sahaj and ITR 2 in Excel Format
- IT – Development of integrated socio economical health, education and essential facilities by Shri Saibaba Sanstha Trust (Shirdi), Maharashtra notified as an eligible scheme or project under section 35AC – NOTIFICATION NO. 45/2011
- IT – Health care project by Umeed, New Delhi notified as an eligible scheme or project under section 35AC – NOTIFICATION NO. 44/2011
- No Penalty u/s. 271(1)(c) for Failure To Offer Income u/s 50C of the Income Tax Act
- IT – Educational Institution of Human Development Foundation of Sikkim by Human Development Foundation of Sikkim, Sikkim notified as an eligible scheme or project under section 35AC – NOTIFICATION NO. 43/2011
- IT – Multi Organ Harvesting and Sharing Network in India by Mohan Foundation, Chennai notified as an eligible scheme or project under section 35AC – NOTIFICATION NO. 42/2011
- IT – K.M.G. General Hospital by Kacheria Mojilal Gordhandas General Hospital Trust, Gujarat notified as an eligible scheme or project under section 35AC – NOTIFICATION NO. 41/2011
- IT – Rishi Valley Rural Education Centre by Krishnamurthi Foundation India, Chennai notified as an eligible scheme or project under section 35AC – NOTIFICATION NO. 40/2011
- IT – Specified programmes run by Helpage India, New Delhi notified as an eligible scheme or project under section 35AC – NOTIFICATION NO. 39/2011
- Society Redevelopment is Not Transfer and consideration not assessable in society’s hands
- IT – Building a general corpus fund for Helpage India’s work by Helpage India, New Delhi notified as an eligible scheme or project under section 35AC – NOTIFICATION NO. 38/2011
- IT – Kidney care by Arogyaseva Medical Academy of India, Pune notified as an eligible scheme or project under section 35AC – NOTIFICATION NO. 37/2011
- IT – Construction, equipments, furnishing and running of Smt, Lakshmi Shah Rural Medical and Research Centre by Smt. Lakshmi and Shri Jankilal Shah Foundation, Mumbai notified as an eligible scheme or project under section 35AC – NOTIFICATION NO.36/2011
- IT – Project for handicapped persons by Disabled Welfare Trust of India, Surat notified as an eligible scheme or project under section 35AC – NOTIFICATION NO. 35/2011
- IT – Prevention of kidney diseases through awareness programme by India Renal Foundation, Ahmedabad notified as an eligible scheme or project under section 35AC – NOTIFICATION NO. 34/2011
- IT : Empowering the poor-rural development project by Vidya Pratishthan, Pune notified as an eligible scheme or project under section 35AC – NOTIFICATION NO. 33/2011
- IT – Sustainable development through biotechnology by Vidya Pratishthan, Pune notified as an eligible scheme or project under section 35AC – NOTIFICATION NO. 32/2011
- IT – KG crusade against childhood blindness by K. Govindaswamy Naidu Memorial Trust, Coimbatore notified as an eligible scheme or project under section 35AC – NOTIFICATION NO. 31/2011
- IT – Akshar centre for hearing impaired by Akshar Trust, Baroda notified as an eligible scheme or project under section 35AC – NOTIFICATION NO. 30/2011
- IT – Doctor at Doorstep by Mahavir International, New Delhi notified as an eligible scheme or project under section 35AC – NOTIFICATION NO. 29/2011
- IT – Running of Smt. Savitaben Ramanlal Dahyalal Shah, Sarvajanik Hospital, Guiarat by Smt. Savitaben Ramanlal Dahyalal Shah, Gujarat notified as an eligible scheme or project under section 35AC – NOTIFICATION NO. 28/2011
- IT – Madhav Vidhyapith residential school for tribal students by Shri Vidyabharati Vanvasi Shikshan Samiti, notified as an eligible scheme or project under section 35AC – NOTIFICATION NO. 27/2011
- IT – Running of Health Care and Education activities in Gujarat and Maharashtra by Sundeep Foundation, Mumbai notified as an eligible scheme or project under section 35AC – NOTIFICATION NO. 26/2011
- IT – Medical Relief Project at Ahmedabad by Dardiono Rahat Fund, Ahmedabad notified as an eligible scheme or project under section 35AC – NOTIFICATION NO. 25/2011
- IT – Construction, equipment, furnishing of Navjyoti Centre for mentally handicapped by Association for Advancement and Rehabilitation of Handicapped (AAROH), New Delhi notified as an eligible scheme or project under section 35AC – NOTIFICATION NO. 24/2011
- Delhi HC – Revenue can reopen the assessment proceedings on change of opinion
- IT – Holy Spirit Cancer Centre by Society of the Servants of the Holy Spirit, Mumbai notified as an eligible scheme or project under section 35AC – NOTIFICATION NO. 23/2011
- IT – Specified programmes run by Smt. Samarathben Chunilal and Sheth Dosabhai Madhavji Sarvajanik Trust, Gujarat notified as an eligible scheme or project under section 35AC – NOTIFICATION NO. 22/2011
- IT – Specified programmes run by Kanoria Seva Kendra, Ahmedabad notified as an eligible scheme or project under section 35AC – NOTIFICATION NO. 21/2011
- IT – Equipments and running of Polio Hospital at Ahmedabad by Polio Foundation, Ahmedabad notified as an eligible scheme or project under section 35AC – NOTIFICATION NO.20/2011
- IT – Purchase of hospital equipments and to raise corpus fund by Jivan Jyot Charitable Trust, notified as an eligible scheme or project under section 35AC – NOTIFICATION NO.19/2011
- IT – BJS Educational Quality Improvement Project (BJS-EDUQIP) by Bhartiya Jain Sanghatana, Pune notified as an eligible scheme or project under section 35AC – NOTIFICATION NO.18/2011
- IT – Mobile Creches for Working Mother’s children, New Delhi notified as an eligible scheme or project under section 35AC – NOTIFICATION NO.17/2011
- IT – Construction of special School for the visually handicapped children and mentally retarded children by Vivekananda Loksiksha Niketan, West Bengal notified as an eligible scheme or project under section 35AC – NOTIFICATION NO.16/2011
- IT – Equipments, running of Pain Relief Centre (SATSEVA) by Care India Medical Society, Pune notified as an eligible scheme or project under section 35AC – NOTIFICATION NO.15/2011
- IT – Matruseva (Health maintenance program for women) by Care India Medical Society, Pune notified as an eligible scheme or project under section 35AC – NOTIFICATION NO.14/2011
- IT – Mid day meal project for students in the State of Madhya Pradesh by Iskcon Food Relief Foundation, Mumbai notified as an eligible scheme or project under section 35AC – NOTIFICATION NO.13/2011
- IT – Integrated Rural Development Project by Bhansali Trust, Mumbai notified as an eligible scheme or project under section 35AC – NOTIFICATION NO.12/2011
- IT – Vocational Training Programme, Medical camps and goods & cloth distribution by Navjeevan Charitable Trust, Mumbai notified as an eligible scheme or project under section 35AC – NOTIFICATION NO.11/2011
- IT – St. Gregorious International Cancer Care Centre (Research & Training) Centre for the Blind by St. Gregorious Medical Mission, Kerala notified as an eligible scheme or project under section 35AC – NOTIFICATION NO.10/2011
- Etds – FVU 3.1 – Rounding Off problem leading to T-FV-4278 Error
- IT – Expansion of existing 100 bedded multi-speciality hospital by H.M.S Education Society, Karnataka notified as an eligible scheme or project under section 35AC – NOTIFICATION NO. 9/2011
- IT – Specified programmes run by Shri C.J. Fernandez, Chooravilla Joseph Development Foundation, Bangalore notified as an eligible scheme or project under section 35AC – NOTIFICATION NO.8/2011
- IT – Maintenance and running of Shri K.K. Shah Sabarkantha Arogya Mandal by Shri K.K. Shah Sabarkantha Arogya Mandal, Gujarat notified as an eligible scheme or project under section 35AC – NOTIFICATION NO. 7/2011
- IT – Maintenance of animal hospitals or shelters, purchase of medicine, feed, ambulances and running of animal awareness programme and the project by People for Animals, New Delhi notified as an eligible scheme or project under section 35AC – NOTIFICATION NO.6/2011
- IT – Specified programmes run by Global Cancer Concern India, New Delhi notified as an eligible scheme or project under section 35AC – NOTIFICATION NO. 5/2011
- IT – Running of Omayal Achi Community Health Centre at Arakambakkam by Mr. Omayal Achi Mr. Arunachalam Trust, Chennai notified as an eligible scheme or project under section 35AC – NOTIFICATION NO.4/2011
- Beg to Differ – SC Judgment in Sita Ram Gupta Vs Punjab National Bank and Ors
- Arbitration Clause in General Insurance Policies – A Legal Gimmick to Avoid Liability
- Indian names in Swiss bank data list, says WikiLeaks founder Julian Assange
- ITR A.Y. 2011-12 – Instructions for filling out ITR-4
- Instructions for filling out New Income Tax Return Form ITR-3 for assessment year 2011-2012
- Instructions for filling out FORM ITR-2 for assessment year 2011-2012
- Regarding difficulties faced in establishing identity of CWG-2010 goods imported in terms of Notification No.13/2010-Cus., dated 19.02.2010 as amended by Notification No.9/2011-Cus., dated 14.02.2011
- Imports of goods under Chapter 84 of ITC (HS) and the requirement of compliance to Chapter 87 Import Licensing Notes
- SC instructs Income Tax dept to give transcript of Radia tapes to CBI, ED
- Custom Duty – Rate of exchange of conversion of each of the foreign currency with effect from 1st May, 2011
- SEBI Circular on Review of Annual Issuers charges
- RBI – Implementation of the Advanced Measurement Approach (AMA) for Calculation of Capital Charge for Operational Risk
- Kochi Tuskers in tax-evasion row over ticket sales
- US President Barack Obama seeks to end tax subsidies for oil companies
- ICSI Campus Placement for Members and Students at NOIDA- 30th April 2011
- Notified eligible projects or schemes u/s 35AC of Income Tax Act – Notification No. 3/2011, DATED 11-04-2011
- Fees received by Canadian company for providing technical drawings and reports would qualify as Fees for Included Services under India-Canada tax treaty
- Govt allows companies to send notices, documents by email
- Exemption under Section 10B of Income Tax Act not available to an Industrial undertaking taken over on lease
- Mere fact that a company is doing business in India or that it is a party to a joint venture in India would not mean that it has established a place of business in India
- Delhi High Court restrains Trans Tyres from using Chinese firm’s trademark
- Arbitrary raise of plot prices wrong even if the rules/Agreement allows the same – SC
- SC allows sales tax benefit for when one of the criteria was fulfilled
- Arbitration clause in a contract would not exclude power of high courts or Supreme Court to decide disputes
- RBI slaps Rs. 1.95 cr penalty on 19 banks for flouting derivative norms
- SEBI settles case against Dena Bank for Rs 10 lakh
- Facts about Jaitapur Nuclear Power Plant
- Service tax – Summary of Recent Amendments / Exemption, Provision related to tax on new services and Notifications No. 29 to 37, dated 25-4-2011
- A Synopsis of amendments to Service Tax effective from 1st May 2011
- Service Tax on Renting of Commercial Immovable Property – Delhi High Court on 26.04.2011
- Opening of Small Account – RBI circular no. RPCD.CO.RCB.AML.BC. No.63/07.40.00/2010-11
- Luxembourg tax authorities further clarify entry into force of Transfer Pricing Circular issued on January 28th, 2011
- Amends Taxation of Services Rules 2006 vide Notification No. 37/2011 – Service Tax
- Amends Export of Services Rules, 2005 vide Notification No. 36/2011 – Service Tax
- Amendment in Service Tax Rules, 1994 related to life insurance business service – Notification No.35/2011–Service Tax
- Abatement on accommodation services by Hotel & to Restaurants having license to serve alcohol
- Service tax – Govt exempts coaching and training services related to preschool and recognised educational qualification certificate / Degree
- Govt withdrawn exemption on service provided by CA, CS, CWA related to representation of client before any statutory authority
- Soon PAN may be mandatory for Cash Purchase Sale of bullion or jewellery and Cash Payment of life insurance premium
- Govt exempts service tax on hotels where declared tariff for providing of accommodation is less than rupees 1000 per day
- Govt exempts services provided by any hospital, nursing home or multi-specialty clinic
- Budget 2011- Service Tax- Govt Appoints the 1st day of May 2011 as the day for Finance Act, 2011 ( 8 of 2011) to come into force
- CBDT seeks additional 22,000 staff to strengthen operations
- CBI files supplementary charge sheet against eight accused persons relating to Issuance of UAS Licences & 2G Spectrum
- Merger/acquisition regime to be effective from June 1
- CBI books case for human trafficking
- Govt issues Clarifications on the Report on Tapping of Telephones
- CWG scam -CBI arrests Suresh Kalmadi, suspended by Congress
- Deduction u/s. 80C of the Income-tax Act, 1961 – CBDT notifies annuity plan of the TATA AIG Life Insurance Company
- Supreme Court to hear petition on IPO scam and NSDL’s role in it
- Steps to Be Taken In Respect of “Information” Received Against Members/Firms Registered With ICAI, ICWAI and ICSI
- SEBI – Clarifications on Takeover Regulations – LETTER NO. CFD/DCR/SKM/TO/12446/2011, DATED 13-04-2011
- TDS on Payment to doctors under fixed salary and guarantee money scheme
- Delhi High Court sanctions Vodafone Essar’s scheme of arrangement involving demerger of the passive infrastructure assets despite opposition by tax department
- Inland haulage charges are in the nature of income from operations of ships in international traffic and not taxable in India per Article 8 of the India-Belgium tax treaty
- Sharing of management experience and business strategies by a foreign professional cannot be termed as technical service under India-USA tax treaty
- Penalty under s 271FA is leviable if the assessee fails to respond to the notice for failure of filing annual information return
- Prior period expenses not to be deducted while computing book profit for the purposes of section 115JA
- Lok Adalat cannot pass order to pay insurance money – SC
- Provisioning Coverage Ratio (PCR) for Advances
- Direct tax collection in Gujarat up 16.69 per cent in FY-2010-11
- RBI relaxes provisioning norms for banks with retrospective effect from September 30, 2010
- Section 620A of the Companies Act, 1956 – Power to modify Act in its application to Nidhis, etc. – Amendment in Notification No. G.S.R. 978, dated 28-5-1963 as amended by Notification Nos. G.S.R. 84(E) & G.S.R. 517(E), dated 23-2-1988 and 31-8-2006 respectively
- Govt may hike penalty for improper use of names to 1000 times
- CII asks government to introduce Corrosion Act
- SEBI to set up toll free helpline to respond to queries of investors
- In the absence of specific provisions Companies not to pay stamp duty on increased capital – HC
- SEBI modifies norms for appointment of its internal auditor
- Sebi to introduce self-regulatory mode for wealth managers
- State wise stamp duty rules for eForm 1, MOA, AOA, eForm 5 and eForm 44
- Distinction between Stock transfer and Inter state sales for Central Sales Tax -SC
- New Section 11A of the Central Excise Act Vivisected after the Budget 2011
- SEBI bars unregistered ICICI sub-broker from dealing in the capital market
- Sebi to frame rules for art funds, antique investments to curb blackmoney in these
- RBI fixes limit for Ways and Means Advances (WMA) for the financial year 2011-1
- 57 Indian companies figure in Forbes Global 2000 list of public companies
- Black money in Swiss banks – Finance Ministry admits it has no authentic figure
- Govt may allow 100 per cent foreign direct investment in sea plane operations
- XBRL India invites expert on XBRL
- Clarification Regarding service of documents by e-mode instead of Under Posting Certificate – MCA permits service of documents through e-mail
- Summary of all the Recent Amednments to TDS Provisions
- Provisions of s 194C do not apply towards the transportation charges paid to partners by partnership firm for use of trucks owned by the partners
- CAG Empanelment – Urgent information regarding supporting documents to be sent for Empanelment of Chartered Accountant firms for the year 2011-2012
- Excise Duty Refund under subsidy scheme is capital receipt and not taxable
- Clarification regarding Liability of Service Tax under the category Construction of Complex Services
- Registration of TAN made more user friendly. Consolidated TDS/TCS file requested online is also available for download
- Employee not liable to pay interest U/s. 234B for employers failure to deduct TDS on Salary
- Buyer’s credit – The Cheaper source of finance for importers
- ICWAI sign MOU with C&K Management Ltd. For Certificate course on IFRS through e-learning modules for members, students and others
- Green Initiatives in Corporate Sector -clarification regarding service of documents by e-mode instead of Under Posting certificate (UPC)
- Guidelines on 1 Percent interest subvention Scheme on housing loans upto Rs. 10 lakh -
- Setting up of Central Electronic Registry under the SARFESAI Act, 2002
- Provision of 15-minutes reading and planning time allowance to the candidates of Chartered Accountants Examinations (Effective from May-2011 CA Examinations)
- Merger and Acquisition rules to be notified in the first week of May
- Govt to reconstruct 44000 missing trademark files
- Madras HC rejects Vodafone plea against Essar Tele, India Securities merger
- Indian banker convicted in US on charges of extortion and threatening
- Income Tax Department seizes Rs 28 crore in states in poll bound states
- Govt withdraws 10 percent excise duty on jute products
- New Companies Bill to be taken up in monsoon session
- SC cancels bails of PwC partner Gopalakrishnan, Satyam’s Prabhakar Gupta
- Government is Committed to bringing in a fair merger and Acquisition Regime in the Country however mergers that Create Monopolies or abuse of Dominance are Unaccetable – Murli Deora
- 2G scam- Delhi court dismisses Bail pleas of 5 corporate honchos
- Amendment to Companies (Central Government’s)General Rules & Forms,1956.
- New Income tax Returns in Hindi Font for Assessment year 2011-12 / Financial year 2010-11
- May 2011 CA exams – ICAI changes Palakad Examination Centre
- All about New Income tax Return Form Sahaj (ITR-1)
- Common Questions on SAHAJ and SUGAM and How these are different from OLD ITR forms?
- Income Tax Notification notifying ITR applicable for Assessment year 2011-12
- Service tax – Accounting Codes for Hotel and Restaurant Services
- Simplified Procedure for amalgamation of Government Companies U/s 396 of the Companies Act, 1956
- Supreme Court bans employment of children in circuses
- Regarding Import of Gummy Pizza containing beef from China and Indonesia
- Punjab Vat- Govt confirms Surcharge on Declared goods other than Wheat and Paddy
- Royalty received in pursuance to agreement entered into before 1976 is not covered u/s. 115A of the Income Tax Act
- Lifting of Corporate Veil to tax sale of Foreign Company shares by one Non-Resident to another Non-Resident if Foreign Co holds shares in Indian Company
- Income Tax official – Books completely manufactured in diamond trade
- FinMin likely to finalise proposed changes in takeover code on mergers and acquisitions
- Bombay HC – Govt cannot ban exports of any product with retrospective effect
- SC to decide whether to treat interest on DoT dues as operating expenditure
- CBEC approves Service Tax Audit Manual 2011 – Circular No. 135/4/2011-ST, Dated- April 19, 2011
- Sharad Pawar asks FM to consider income tax exemption to Indian cooperatives
- Income tax department to deploy its officials in tax havens to check evasion
- SBI discontinued teaser home loan scheme with effect from May 1
- Scheme for National Rollout of e-District Mission Mode Project
- Prohibition on export of wheat Products– Exemption for export of wheat flour to Maldives for the year 2011-12
- ITAT rejects RTI on ex-CJI’s returns
- 2G Scam – Five corporate executives arrested and sent to Tihar Jail
- Futures and Options are speculative transactions u/s 43(5). Section 43(5)(d) is not retrospective
- Coins of 25 Paise and below – Withdrawal from Circulation – RBi Circular No. RPCD.CO.No RRB. 60 /03.05.33 /2010-11
- Compact Disc (CD) containing recording of telephone conversation could be valid evidence
- SC set aside judgement granting exemption from trade tax to firm engaged in manufacture and sale of scientific and biological equipment used for research purposes
- Glass bottles used by soft drink company are “fixed capital investment” and exempt from trade tax- Supreme Court
- No service tax on visa facilitators – Circular No. 137/6/2011– ST
- Extortion charges- Indian investment banker convicted
- Print Specifications for Income Tax Return Form SAHAJ and SUGAM
- Department to scrutinise all recent property deals to check for use of cash
- How to Register for Filing ST-3 Return online
- Assessees who E-Filed their Income Tax Return may get refund within a month
- Government of India has created 12 posts of Income Tax Ombudsman at 12 Stations
- Maharashtra expects Rs 15 crore entertainment tax from IPL
- CBDT- I-T dept seizes Rs 22 crore in states where polls are underway
- Sovereign funds can buy up to 20 percent stake in Indian Listed companies
- CBI arrests Deputy General Manager of Punjab National Bank in graft case
- Inflation a concern- RBI ahead of monetary review
- Punjab Govt withdraws Entry Tax on sugar
- Conditions and modalities for registration of contracts of Assam Comilla Cotton with DGFT
- CBDT praises Mumbai IT department for releasing book aimed at plugging tax avoidance or evasion techniques
- ICAI issues Draft for discussion for invitation for bids for appointment of Strategy consultants to develop ICAI Vision 2030
- Finmin favours re-negotiation of tax treaty with Mauritius
- Frequently Asked Questions on ICSI-USE MOU
- PIL filed in SC challenging inclusion of five civil society members in Lokpal Bill committee
- All Income Tax refunds to be issued by 30th April – CBDT
- SC – Right to property is a constitutional right
- Notification No. 36 /2011-Customs – Regarding anti-dumping duty on the imports of Acetone originating in, or exported from, Thailand and Japan
- Amendment in Notification No. 21/2002-Customs, dated the 1st March, 2002 vide Notification No. 34 /2011 – Customs
- Indian firms make profit of Rs 6 lakh per employee
- ICWAI Revision Test Papers(RTP) for June 2011 Exams
- Inviting suggestions for Elections Reforms – Constitution of Elections Reforms Committee
- Extension of Certified Facilitation Centre Scheme under ACES
- Competition Commission of India and The Competition Act
- New Sahaj tax form asks information on agricultural income
- Filing of Income tax returns gets Sahaj and Sugam
- Accounting Treatment of Enhanced Provision of Gratuity
- Regarding Courier Imports and Exports (Electronic Declaration and Processing) Regulations, 2010
- Liquidation of Post-Shipment Rupee Export Credit – DBOD.Dir.BC.No. 85/04.02.001/2010-11
- PVAT Act 2005 – Declared Goods except wheat and paddy will be taxable @ 4.4% w.e.f. 08/04/2011
- Download ITR 1 Sahaj and ITR 4 Sugam for A.Y. 2011-12/Financial year 2010-11
- TDS — Matter remitted to AO to decide whether the payments made to the parent company on account of reimbursement of expenses
- Partners have burden of proof in cheque bouncing cases that they were not in charge of the daily affairs of the firm
- Bombay HC division bench dismisses Cadila Pharmaceuticals’ appeal in trademark case
- Cash credit — Benefit of peak credit cannot be given to the assessee in the absence of any cash withdrawals and redeposit of the same
- SBI to increase interest rate on loan, others to follow suit
- Mere admission of Appeal by High Court sufficient to cancel penalty U/s. 271(1)(c) of the Income Tax Act, 1961
- Adjustment of refund up to Rs. 1 lakh for the F.Y. 2010 to the F.Y. 2011-12- Trade Circular 6T of 2011
- Hire charges paid for Millers and Rollers-Tax deductible under section 194-I
- ING IM Simplifies Mutual Fund Investing With Launch of Its Multi Manager scheme
- Inflation Burns
- Punjab VAT Act – Wheat and Paddy made taxable @ 5%
- India- EU Broad-Based Trade and Investment Agreement Intensifying – Anand Sharma Ireland 32nd in FDI Approvals during April, 2000 – January, 2011
- U.S. companies face the sixth- highest effective tax rate in the world – PWC
- OECD- The Global Forum keeps up the pressure
- Regarding exemption to goods falling under Chapter 31 of First Schedule to the Customs Tariff Act, 1975 (51 of 1975)
- The Global Economy and Framework
- Parliament final word on Lok Pal Bsays Hazare ; CD was doctored and fabricated – Bhushan
- RBI may hike key policy rates by at least 25 bps in its annual monetary policy
- FM appreciates CBDT and CBEC Chairmen for exceeding even Revised Revenue Targets
- All about Excise duty on Branded Jewellery
- Income Tax Ombudsman has limited jurisdiction on returns filed on the online system
- Consolidated FDI Policy – Certain Significant Highlights (Circular No. 1 of 2011)
- Reduction of Octroi rate on Gems and Jewellery items from 2% to 0.01 in Mumbai
- RBI to consider new rules to improve service to bank customers
- Third-party motor insurance premiums to go up by up to 65 per cent from April 25
- Judges should not sit as super legislature – CJI
- MCA Releases Exposure Draft on XBRL taxonomy for comments
- E-Payment of Stamp Duty for Company Formation now Mandatory in Jammu and Kashmir also
- Cheque transactions up 2.5 pc in Feb – RBI
- Central tax collection reaches Rs 7.92 lakh crore in 2010-11, Exceeds even revised estimate
- 4G rollout likely in India by next year
- ICSI Syllabus Review Committee solicits comments on contents of syllabus
- Emerging market funds attract more money amid uncertainties
- Tata Group to invest up to Rs 1.2 lakh crore in next five years in domestic market
- Reliance Industries group plans big splash in financial services sector, non-traditional way
- India among world’s top 7 economies under G-20 scanner
- Remedial measures to mitigate difficulties faced in e-filing of Service Tax returns
- Victim of reinterpretation of established tax laws – Vodafone
- Reassessment — Full and true disclosure of all material facts by the assessee renders the reopening of assessment after expiry of four years not sustainable
- Business expenditure — Entitlement provided to assessee for deduction of lease rentals on windmills used for purpose of business
- FBI charges three internet poker firms with fraud
- India’s forex reserves increase by $2.71 bn to $308.2 bn
- ‘Tax headquarter building to be ready in 24-30 months’
- Promotions of Additional Commissioner / Additional Director of Income-tax
- Banking – Section 21 of the Securitisation and Reconstruction of Financial Assets & Enforcement of Security Interest Act, 2002 – Central Registry – Central Registrar – Appointment of Central Registrar for purpose of registration of transactions relating to securitisation, reconstruction of financial assets and security interest created over properties
- Banking – Section 21 of the Securitisation and Reconstruction of Financial Assets & Enforcement of Security Interest Act, 2002 – Central Registry – Central Registrar – Notified place at which Central Registry is established
- Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (Central Registry) Rules, 2011
- CBDT – Status of Income tax Refund issued from April 1 to 14 2011
- CBDT decides to reduce no. of statistical/ progress reports to two or three from around 30
- RBI circular on Submission of system audit reports
- ICAI committee compiling difficulties faced by the assessees in claiming TDS credit
- ICAI Announcement-Zone-shifting of candidates for May-2011 CA Exams
- Volume in shares not deciding factor to hold assessee trader
- Clarification on Easy Exit Scheme, 2011
- Taxes withheld by applying the provisions of section 44BB on payments to nonresident oilfield service provider not lead to breach of withholding tax provisions
- Revised procedure for Appointment of Cost Auditor by Companies
- ITR 1, ITR 2, ITR 3, ITR-4S, ITR 4, ITR 5, ITR 6, ITR 7 in excel, word for A.Y. 2011-12
- SC bench recuses itself from hearing Subhiksha case
- Real estate prices likely to remain stable in Mumbai – MCHI President
- Import of New trim Cutting Waste for use in manufacture of Chindi rugs – Circular No. 20/2011-Customs
- Compliance of DGFT Notification No. 44 (RE-2000)/1997-2002 dated 24.11.2000 – Labeling of goods in bond prior to Ex-bond clearance
- Transfers of Income Tax Appellate Tribunal (ITAT) Members (April 2011)
- DGFT – Clarification about requirement of Declaration of Intent for EOU shipping bills for claiming Chapter 3 scheme benefits
- Inflation rises to 8.98 percent; More rate hikes on card
- Give Rs 617 cr bank guarantee in tax dispute – SC to Satyam
- Ministry releases Draft Rules under Section 43A & Section 79 of Information Technology Act, 2000 for public comments
- Trai recommends tax benefits to telecom infra firms
- SC to Vodafone – Appear before IT in tax case
- RBI fixes reference rates for US dollar and euro
- Why govt can’t disclose the name of persons having black money in foreign banks
- Supreme Court to hear Vodafone plea for protection penal action by I-T Dept
- Obama seeks tax on wealthy, cuts in public debt
- Service Tax – Revised Point of Taxation Rules – Pain of Taxation? Part – I
- Offshore tax evasion- Banks facilitating tax evasion could face novel penalty in US
- CBDT to save Rs 4,400 cr on interest payout
- IRDA – Motor Insurance Premium Rates for Third Party Liability Only Cover
- ICAI -Help Line Desk – Admit Card- Do you have any query about MAY, 2011 examination?
- ICAI- Download Admit Card and Help Line Desk for C.A. Examinations, May, 2011 and
- Amends Notification No. 36/2001 – Customs (N.T.), dated, the 3rd August, 2001 vide Notification No. 31/2011-CUSTOMS (N. T.)
- Section 75 of the Custom Act, 1962 Amends Customs, Central Excise Duties and Service Tax Drawback Rules, 1995
- ITAT Decision on Deduction u/s 80IC to Hotels [Eco-tourism status not relevant]
- Regarding adjudication of appraising related Show Cause Notices
- NGOs urges Fin Min to continue tax exemptions for them in DTC
- Court records version of Company Secretary of Mahindra Satyam
- SAP to develop enterprise software in Hindi
- BRICS to use own currencies for credit, grants
- SEBI to revisit corporate governance norms
- RBI slaps fine of Rs 9 lakh on three cooperative banks for rules violation
- Allotment of Statutory audits of Urban Co-Operative Banks (UCBs) for the F.Y. 2010-11 in Maharashtra
- Reliance Industries defies oil ministry order
- RBI launches Apr-Jun 2011 industrial outlook survey
- Transfer of Technical Knowhow prima facie covered under Intellectual Property Service with effect from 10.9.2004 and Not taxable under Consulting Engineer service prior to 10.9.2004
- 2G scam – Corporate honchos appear in court, seek bail on the ground of no arrest
- Corp Bank launches a mobile wallet payment system
- Indians work 8.1 hours a day, more than many Westerners
- IDBI Home Finance gets MCA nod for merger with parent IDBI Bank
- Penalty U/s. 271C for non deduction of TDS not leviable if no “mala fide intention” or “deliberate defiance” of law
- A notice issued on a non-existent person is void. The fact that the assessee has filed a return in response to the notice makes no difference
- BIS Certification for Aayakar Seva Kendra, Kochi
- FAQs on Revised DIN Process (w.e.f. 27 March’11)
- Exemption under s 11 to charitable trust, if it acquires tenancy right in respect of some immovable property owned by a different person
- Certificate under s 68(2) of Finance Act, 1997 cannot be issued if the assessee fails to deposit tax within the stipulated period provided under the VDIS Scheme
- E-Filing for AY 10-11 – Quick Statistics and Highlights (as on 31st March 2011)
- ”Accounting companies should be entrusted with audit of Corporates”
- RBI – Monthly Bulletin – April 2011
- VAT Cir – 5T of 2011 – Grant Of Refunds against Bank Guarantee in Maharashtra
- Murli Deora to Chair a Special Meeting to Listen the Views of Corporate India on Issues Relating to Competition
- Govt fixes revenue target at Rs 9 lakh crore this fiscal
- Takeover Code – SEBI to take a call later this month
- Sebi working on alternative of corporate governance
- Enhancement in limit for Obtaining Approval of Central Government for Payment of Remuneration to Office or Place of Profit u/s. 314(1b) of Companies Act 1956
- Enhancement in Limit For Disclosure of Particulars of Employees u/s. 217(2A) of the Companies Act 1956
- Maharashtra Tax Laws (Levy, Amendment and Validation) Act, 2011
- DENA BANK – empanelment for Concurrent Audit assignment for the year 2011-12
- Penalty for Late Filing of Service tax Return
- Filing of financial statements in XBRL format with RoC for the year ended 31 March, 2011
- ‘Govt to soon notify Sugam IT form for small taxpayers’
- Govt issues Rs 72,000-cr income tax refunds in 2009-10 – CBDT
- New norms on hiring relatives in companies
- Reporting Limit U/s. 217(2A) raised of Companies Act raised to Rs. 60 lakh per year/ Rs. 5 lakh per month
- Value Based Exemption Scheme for SSI – Garments – Clarifications and Simplification
- CA, CS and ICWA allowed to upload certified co documents without MCA” nod
- Word “partnership” in ICAI, ICWAI, ICSI Acts include LLPs
- Income Tax Scrutiny – Instructions regarding income limits for assigning cases to Deputy Commissioners/Assistant Commissioners/ITOs
- Illegitimate Child will have right to whatever becomes the property of their parents whether self acquired or ancestral
- Large number of transactions can not be the sole criterion to treat Profit from Shares as business income
- Statement by PM prior to his departure for China to participate in BRIC Summit-2011
- JK govt detects 3,045 cases of tax evasion in ’09-10
- Trade deficit with China matter of concern – India
- Promotion can not be denied on the ground of Minor punishment
- RBI penalises two Gujarat-based cooperative banks for violation of various rules
- India Post to provide details online of parcels held by custom
- FinMin asks DoT to Probe role of telcos in tape leakage
- Finance Ministry to meet PSU bankers on April 26
- ROC will take Penal action for wrong Certification of e-forms under the Companies Act, 1956 by the Practicing CA, CS, ICWAI
- CBDT’s circular No 739 dated 25-03-1996 on section 40(b)(v) is invalid- HP High Court
- Amends Notification No. 61/94-Customs (NT) – Customs airports — Appointment for specified purposes
- Regarding Revision in the Customs part of Arrival Card for Passengers in Form ‘D’ –Notification issued by Ministry of Home Affairs – Compliance
- Regarding Implementation of ‘Self-Assessment’ in Customs – Circular No.17/2011- Customs
- Government to issue biometric PAN cards to taxpayers
- No additional Guidelines for the Issue of Compulsory Licences – DIPP
- What is Cheque Truncation and Why Cheque Truncation in India?
- CBDT Circular Circular No. 739 dated 25.3.1996 which specifies that for section 40(b)(v), the partnership deed should specify the remuneration, is invalid
- Section 14A disallowance – Revenue cannot dictate assessee that how the assessee should use its own fund
- Income tax department raids Lilavati Hospital
- US SEC charges Five India-based affiliates of PWC for role in Satyam accounting fraud
- CBI arrests Inspector of Central Bureau of Narcotics in bribery case
- What is the Jan Lokpal Bill, why it’s important and Salient features
- RBI Circular on Compounding of interest on Agriculture Loans
- Eros case – SC declines film traders’ plea against Competition Commission of India(CCI)
- Investment in SLR Securities by Regional Rural Banks (RRBs) – RPCD.CO.RRB.BC.No.59 /03.05.34 /2010-11
- Mukesh Ambani gets Bank of America shares as director fees
- Authority inviting bids has the discretionary power to accept the bid or not – Supreme Court
- IFCI is a public financial institution and entitled to invoke the Securitisation Act – SC
- Merely because the appellant had consumed alcohol did not mean that the driver of the vehicle did not need to drive the vehicle cautiously
- Duty Drawback Claim – If for any reason, data of contemporaneous exports of identical goods not available, the procedure laid down in Rule 5 to 8 of the Duty Drawback Rules, 1988 was required to be followed and market enquiry could be conducted only as a last resort
- Despite delay in award, land acquisition did not lapse according to the provisions of the Railways Act- SC
- No online payment for forex trade – RBI to credit card firms
- Govt directs RoCs to look for diversion of IPO funds
- Service Tax – Benefit of reduced penalty under Section 78 of 25% under the fourth proviso is not admissible if the tax amount is reduced by the Commissioner (Appeals)
- Prima facie‘Mithi River’ is a ‘river’ & dredging of river falls within the definition of this expression u/s. 65(36) of the Finance Act, 94
- Advance Ruling – Service Tax – Dry Leasing of locomotives by RITES – not liable to Service Tax
- Post Supreme Court Direction – CBDT instruction on use of technical expert’s opinion in assessment proceedings
- Govt to stick to fiscal deficit target of this fiscal – FM
- CBDT gives times upto 20th April to issue Income Tax Refund
- US wants HSBC to reveal American tax dodgers in India
- Payment made for transfer of comprehensive technical information and know-how which included all trade secrets and technical information, designs and drawings, etc. cannot be treated as income from royalty under the India-UK tax treaty
- Karnataka Government to challenge SC order lifting iron ore export ban
- Coca Cola replaces PepsiCo as sponsor of two IPL teams
- China to build 56 airports in five years
- Merger of BSNL, MTNL and ITI mooted
- Dubai properties 60 Percent cheaper than Mumbai
- PM says agreement to combat corruption augurs well for democracy
- Government Issues Notification to Constitute a Joint Drafting Committee to Prepare Draft Lok Pal Bill
- Lokpal bill in monsoon session, FT courts for corruption cases
- Director’s Relatives (Office or Place of Profit) Rules, 2003
- Clarification Regarding Easy Exit Scheme (EES) – General Circular No-12/2011
- Allotment of Director Identification Number (DIN) under Companies Act, 1956 – General Circular No.11/2011
- CBI arrests an Income Tax Officer for demanding and accepting a bribe of Rs. One Lakh
- Actual excise duty on branded apparel 4.5 percent, SSIs exempted – CBEC
- Knitwear exporters urges to impose 15 per cent duty on export of cotton yarn
- Finance Bill, 2011 assented by President of India – Act No.8 of 2011, dated 8/4/2011
- Remand of penalty orders in appeal whether justified?
- 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
- Former Deloitte Partner’s Wife Faces Prison After Pleading Guilty to Insider Trading
- ICAI Live Classes for CPT & IPCC Courses from 2nd May, 2011 to 12th July, 2011
- Business Analytics Project – Short-listing of IT firms for the Financial Bidding (Phase-III)
- Shortfall in Maintenance of SLR – Additional Liquidity Support under LAF – Notification No. DBOD.No.Ret.BC. 84 /12.02.001/2010-11
- Overseas forex trading through electronic / internet trading portals – A.P. (DIR Series) Circular No. 53
- CAG report on Commonwealth Games in Monsoon session – Vinod Rai
- Clarification regarding applicability of service tax exemption to Education Cess and Secondary and Higher Education Cess
- United States pursuing Indian tax evaders
- SC notice to Indiabulls over SEBI plea
- India to get Swiss bank info for cases dating from Jan, 2011
- Service tax – Exercise of revisional jurisdiction under Section 84(4) of the Finance Act, 1994 when appeal had been preferred not permissible
- Service Tax – 80 year old appellant with no independent income states that he has no concern whatsoever with the firm charged with liability to pay Service Tax – Pre-deposit waived
- Section 66A inserted in the Finance Act, 1994 with effect from 18.4.2006 laying down that recipient of services in India from outside India shall be liable to pay tax cannot be made applicable retrospectively
- Greatest Challenge is to Create and Sustain more and better Opportunities for A Young, Growing and Aspiring India – FM
- Government sets aside Rs 617 crore Income tax demand on Satyam Computer
- RBI penalises two Gujarat-based co-op banks
- State Bank of India (SBI) Lending Rates for Income Tax Purpose
- Preparation of negative list for service tax likely to start soon
- Finance Ministry slaps 10 percent excise duty on jute items
- Due Date – March 2012 TDS Payment & March Quarter TDS Statement
- Company Law – Companies (Amendment) Regulations, 2011 – Amendment in regulation 2
- Company Law – Director’s Relatives (Office or Place of Profit) Amendment Rules, 2011 – Amendment in rules 3 and 7
- Income-tax (Fourth Amendment) Rules, 2011 – Amendment in rules 5C & 5D and substitution of Form No. 3CF-I in Appendix II
- CBEC Denies any Call Received from any Minister’s Office by Mumbai Custom Officials to Release Goa’s Education Minister
- Central Government Revises the National floor level Minimum Wage (NFLMW) from Rs. 100 Per Day to Rs. 115 Per Day Effective from 01.04.2011
- Notional Interest not Taxable as Income from House Property – Full Bench of Delhi HC
- SC notice to Centre in laundering case against Lilawati Hospital
- SEC imposed fine of $17.5 mn on Satyam, PW India
- Transfers and Postings of Deputy/Assistant Commissioners in Directorate of International Taxation and Transfer Pricing
- Manner Of Reporting by the Auditors On Prudential Regulatory Treatment Prescribed By RBI In Respect Of Pension And Gratuity Liability Of Public Sector Banks
- CBDT – Issue of all IT refunds by April 10 2011 and details of Paper Refund Returns entered but not processed
- CBDT’s commitment to clear all refunds by March 31 2011 has been breached
- ICWAI – CAS 1-12 applicable for students appearing in June 2011 Examination
- ICSI- Process to be followed for Campus Placement scheduled to be held on 9th April 2011 at NOIDA
- Limitation period for filing an arbitration reference – SEBi Circular No. CIR/MRD/DP/4/2011 Dated-April 07, 2011
- Settlement in US- Satyam yet to get RBI nod for fund-transfer
- Banking licence draft guidelines in next 15-20 days
- IRDA issues new guidelines on telemarketing
- India to wait till Dec to get details from Swiss banks
- IPL to yield Rs 350 crore in taxes to government
- Air India introduces mobile check-in facility in metros
- SGX to start trading in Nifty options in six months
- India Committed to early Conclusion of Doha Round – Anand Sharma
- Specific schemes required for medium industries – MSME Min
- Sports Ministry Constitutes Committee to Examine Comments and Suggestions on Proposed Sports Legislation
- Losses arising to Foreign Institutional Investors due to cancellation of foreign exchange forward contract are capital in nature
- Lending of shares cannot be construed as transfer within the definition of “transfer” giving rise to capital gains tax
- Filing of an income-tax return mandatory for a foreign company even if the income is not taxable in India under the provisions of DTAA
- Changes in Service Tax and CENVAT Credit related to Point of Taxation Rules, Service Tax Rules 1994 and CENVAT Credit Rules 2004
- Tax collection exceeds revised target for 2010-11- Finance ministry
- Hasan Ali’s CA claims threat, seeks police protection
- Certificate issued U/s./ 195(2) was not withdrawn so assessee was not required to deduct TDS and could not be treated as assessee in default
- RBI cautions public against fraud mails
- Income-tax – Explanatory Notes to the provisions of the Finance Act, 2010- Applicable for Assessment Year 2011-12
- Linking Entrepreneurship with Credit- The Role of Financial System
- Sustainability of Economic Growth and Controlling Inflation- The Way Forward
- Gold and Silver rates as on April 1, 2011 (Mumbai)
- OBC launches Income Tax payment facility through ATMs
- India Inc demands review of RBI’s rate tightening policy
- Anil Ambani quizzed on stakes in Swan Telecom by PAC
- Govt to revamp economic intelligence agency
- Creation of National Clean Energy Fund
- O.E.C.D. Lifts Global Growth Forecasts
- SC orders status quo on Rs 617 crore tax demand from Satyam
- Campus Placement for fresher members at NIRC – 9th April 2011
- CWG Scam – CBI registers fresh case; searches 20 locations
- Govt. opposes Lalit’s appointment as prosecutor in 2G case
- We cannot find replacement for Ratan Tata – Search panel
- Guidelines on Distance Marketing of Insurance Products
- Taxation of Services – Major Relief
- Satyam Computer reaches settlement with SEC
- If applicant has no layout plan to examine the contentions that the activity carried out by them does not come under the purview of residential complex – Pre-deposit ordered
- Creation of post of Income Tax Ombudsman
- Amends Notification No. 12/97-Customs (N.T.), dated the 2nd April, 1997 vide Notification No. 28/ 2011 – Customs (N.T.)
- Indian Accounting Firm Fined $7.5 Million Over Fraud at Satyam
- New immigration rules to hit Indian professionals in UK
- Misuse of Duty Free Credit Entitlement Certificate Scheme by M/s. V.K. Udyog Ltd.
- Seizure of 6110 Kgs. Of Red Sanders Wood Having Total Seizure Value Rs. 69.94 Lakh
- Imprisonment not must for issuer of bounced cheque – Supreme Court
- Section 45(1A) of the Prevention of Money Laundering Act, 2002 – Binod Kumar Versus State of Jharkhand & Others
- If Financing Company is not a party to the bipartite agreement between the buyer and the developer then it can not be dragged into arbitration
- Thermo Ware and Vacuum Ware are not plastic goods/products -SC
- Tata candid, Radia evasive during PAC questioning
- Delhi bans manufacture, use of plastic bags
- Three central banks, three directions
- Now, luxury villas worth Rs 9 crore for Team India
- Government exceeds indirect tax collection estimate
- Draft policy on mobile governance up for comments
- Committee to Review the Role, Functioning and Structure of Central Economic Intelligence Bureau (CEIB) Constituted
- Acquisition of credit card/debit card transactions in India by overseas banks – payments for airline tickets – A.P. (DIR Series) Circular No. 48
- Operation of deposit account with NBFCs and money mules -Notification No. DNBS(PD)CC.No 215/03.10.42/2010-11
- CPC Bangalore processed 44.7 lakh e-filed returns of AY 2010-11 and generated refunds in over 15.45 lakh cases
- CBI registers a case against Seven Officials of DDA & CPWD and a Private Firm relating to Laying of Synthetic Outdoor Flat Lawn Bowl Greens for CWG-2010
- CBI files chargesheet against nine accused persons and three private companies relating to issuance of UAS Licences and 2G Spectrum
- Notification – New Digital Signature Certificate for One Year will have a validity period of one year only
- Constitution of Pimpri-Chinchwad-Akurdi Chapter of Cost Accountants
- Fixation of Fee for Foreign students registered for pursuing ICWAI courses
- Income-tax – Instructions regarding Standard Operating Procedure on filing of Appeals/Special Leave Petitions (SLPs) by the Income Tax Department in the Supreme Court and related matters
- Exclusively Structured Campus Placement Programme for Small & Medium Sized Enterprises(SMEs) and the Small and Medium Sized CA Firms May 2011
- ICWAI – President Communique April, 2011
- ICWAI Signs MOU with National Institute of Accountants (NIA), Australia
- Justice Shiv Narayan Dhingra (Retd.) has taken over as Chairperson of Appellate Authority w.e.f 1st April, 2011
- ‘Raja acted dishonestly to fix spectrum prices at 2001 rate’ – CBI
- Corrigendum to Notification No. 25/2011 – Service Tax
- Issue of Postal Life Insurance Government of India Special Security
- Appoints Common Adjudicating Authority- Notification No. 27/2011-Customs (N.T.)-Cus(NT) dated -01-04-2011
- Amends regulation – Courier Imports and Exports (Electronic Declaration and Processing) Regulations
- ICC says World Cup trophy with Indian team is original
- World Cup replica with Indian team, says BCCI source
- CBEC Clarification on ICC Cricket World Cup 2011 Trophy
- Customs captures cricket World Cup 2011 trophy
- Continuous services notified for purpose of Point of Taxation Rules, 2011 – NOTIFICATION NO. 28/2011 – SERVICE TAX, DATED 01-04-2011
- Physical Research Laboratory, Ahmedabad notified as an approved organization u/s 35(1)(ii) – NOTIFICATION NO. 17/2011, DATED 01-04-2011
- Revision U/s. 263 is void if Reason not stated in show cause notice – ITAT Mumbai
- Analysis of Key Service tax and Cenvat credit amendment Notification issued on 31.03.2011 which are applicable from 01.04.2011
- Transfer of Joint / Additional Commissioner of Income Tax – CBDT order No. 59 of 2011
- PAC quizzes Tata, Radia in 2G allocation scam
- Graeme Smith under fire for staying back in India to avoid tax on Income
- India received USD 628 bn from abroad in Dec 2010
- CBI files its first chargesheet in the 2G spectrum against A Raja, CA Gautam Doshi and others
- E-payment of VAT and CST under Maharashtra Value Added Tax (MVAT) laws
- Insurance Coopany Liable to pay if driver has exercised due dilligence – SC
- SC directs Glaxo India to deposit Rs 71.21 cr with Drug Prices Equilisation for not selling drugs at govt price
- SC Rules Debt recovery appellate tribunal has no power to exempt defaulter
- Sales Tax Can not be charged at higher Rate on Plant and Machinery which outlived its utility and sold as scrap – SC
- SC asks New India Assurance to pay for ship wreck losses
- Issue of all Income Tax Refunds by April 10 2011
- Finmin to float discussion paper on taxing more services
- Revised Service Tax on currency conversion would affect Indian exports
- Service from mandap keeper during the course of advertising and publicizing the product is input service
- Prohibition on NBFCs to become and / or remain partners in partnership firms
- Release of revised third edition of Consolidated Foreign Direct Investment Policy effective 1 April 2011
- Taxpayer holding tax residence certificate is eligible for the India-Mauritius tax treaty benefits
- ITAT decision on Restriction on carry forward of business loss of the amalgamated company u/s. 78 of the Income Tax Act, 1961
- Summary of Post Budget Service tax and Cenvat Credit notifications
- Section 103 of the Delhi Value Added Tax, 2004 (Delhi Act 3 of 2005) Regarding Republic of Gambia
- Restore VAT refund privilege for the Mauritian High Commission in Delhi
- ISA Eligibility Test on Saturday the 14th May, 2011 – Last Date for Online Form Submission – 29th April, 2011 till 5:30 PM
- Lessons for Monetary Policy from the Global Financial Crisis – An Emerging Market Perspective
- CWC 2011 Final-Team India’s brand equity set to scale new levels post WC win
- Promoters of Unitech Wireless ‘gained’ Rs 2,342 crores in 2G scam – CBI
- PF trusts have enough surplus to pay 9.5 percent interest – EPFO
- Govt changes norms to protect independent directors
- Govt plans energy efficiency labels for mobile phone chargers
- Investors want govt to keep Indian A/c standards close to IFRS
- Compulsory Filing of Balance Sheet and profit and Loss Account in eXtensible Business Reporting Language (XBRL) mode
- Govt to take up fresh FDI proposals on April 20
- MCA New look portal being launched with effect from 03.04.2011
- Post Budget 2011 Amendments / Changes in Service Tax
- India break jinx of World Cup triumph by host country – Congratulate Team India
- Key Provisions of GST Constitutional Amendment Bill- 2011 as introduced in the Parliament
- Finance Bill, 2011- Key international tax provisions
- Carry forward of unabsorbed depreciation not hit by provisions of section 80
- SBI revises interest rates for NRIs
- SC mulls ‘loophole’ in Sebi takeover code
- NBFCs – Non-Banking Financial (Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007 – Insertion of new paragraph 19A – NOTIFICATION NO. DNBS.227/CGM(US)-2011, DATED 30-3-2011
- NBFCs – Amendment in NBF (Non-Deposit Accepting or Holding) Companies Prudential Norms (RB) Directions – NOTIFICATION NO. DNBS. 228/CGM(US)-2011, DATED 30-03-2011
- Notification – Amendment to A, C and D Schedule-Extention of Time Limit- Maharashtra VAT
- Mahindra Satyam to submit Rs 617 cr to Income Tax department
- Bihar finance – CAG finds irregularities for 2009-10
- World Cup final – ICC lifts ban on news channels
- INTERPOL, Lyon issues clarification on a news item of Maldives Newspaper relating to 2011 Cricket World Cup
- Conditions and modalities for registration of contracts of cotton yarn with DGFT
- RBI releases Study on State Finances 2010-11
- SEBI tells listed companies to run updated websites from 1st April 2011
- Promotion, Posting and Transfer of CCIT and DGIT
- CA, CS, ICWA, Legal Professionals exempted from collecting service tax on accrual basis
- Extension of Common Proficiency Course (CPC) Registration date till 5th April, 2011
- ICICI Bank is a foreign Company, investment subject to FDI law – Govt
- Government to appoint officers to deal with indirect tax complaints
- Professional tax to be imposed in Bihar
- Regarding compliance for revision in the Customs part of Arrival Card for Passengers in Form ‘D’ – Notification issued by Ministry of Home Affairs
- Rescinds Notification No. 33/2006-Customs, dated the 7th April, 2006 vide Notification No. 33/ 2011- Customs,
- Notification No. 25/2011 – Customs (N. T.) amends Notification No. 36/2001-Cus (N. T.), dated, the 3rd August 2001
- Cenvat Credit (Third Amendment) Rules, 2011 – Amendment in rules 4, 6 and 9 -Notification NO. 13/2011 – CENTRAL EXCISE (N.T.)
- Service Tax – Clarifications on amendments in Point of Taxation Rules, 2011
- Coins of 25 Paise and below – Withdrawal from Circulation- RBI Circular No. UBD.CO.BPD(PCB) Cir.No.42 /09.73.000/2010-11
- FEMA – Export of Goods and Software – Realisation and Repatriation of export proceeds – Liberalisation
- Income-tax – Taking opinion of technical experts and bringing on record technical evidence in cases involving complex issues of technical nature and substantial revenue – Directions of the Hon’ble Supreme Court
- Income-tax – Section 144C of the Income-tax Act, 1961 – Reference to Dispute Resolution Panel (DRP) – Constitution of DRP at Ahmedabad & Kolkata – Modification of Order No. 1/FT&TR/2011, dated 12-1-2011
- Amendment in Rules and Form No. 13 related to Certificate for deduction at lower rates or no deduction of tax from income other than dividends
- Postings and transfers of officers in the grade of Commissioners/Directors of Income Tax
- 5 crore special coins to mark 150 years of taxation
- Income Tax Rates Assessment Year 2011-2012
- India relaxes joint venture norms to draw foreign funds
- Blackmoney – Finmin plans study on modus operandi of stashing
- SBI extends teaser home loans scheme
- Vodafone buys Essar’s stake for $5 bn; may exceed FDI limit
- Rabobank receives banking license in India
- Commissioner of Customs and Central Excise Vs. ITW India Limited (Andhra Pradesh High Court)
- SC notice to Satyam fraud accused on CBI plea
- RBI misses deadline to issue banking licence guideline
- Service tax on forex transactions cannot exceed Rs 5,000 – Govt
- Hasan Ali approaches SC, fails to get relief
- Citibank fraud- Investors lost Rs 250 Crore
- Indian businessman imprisoned for fraud in US
- India’s Foreign Trade- February, 2011
- Govt likely to slap 60pc sugar import duty from today
- FII Investment in Corporate Debt Liberalised
- The Central Registry Operationalised ; The Central Registry of Securitisation Asset Reconstruction and Security Interest of India, A Government Company, Incorporated
- Cabinet finally gives nod to creation of 7 posts of Ombudsman for CBEC
- Country’s Population Reaches 121 Crore as Per Census 2011
- Cabinet okays proposal to exempt ICC Cricket World Cup from income tax
- Amendment in the notification no. 19/2009-Service Tax, dated the 7th July, 2009 vide Notification No. 27/2011 – Service Tax
- Amendment in the Service Tax Rules, 1994 vide Notification No. 26/2011 – Service Tax
- Amendment in the Point of Taxation Rules, 2011 vide Notification No. 25/2011 – Service Tax
- Amendment in the Service Tax (Determination of Value) Rules, 2006 vide Notification No. 24/2011 – Service Tax
- Amendment in the Taxation of Services (Provided from Outside India and Received in India) Rules, 2006 vide Notification No. 23/2011 – Service Tax
- Amendments in the Export of Services Rules, 2005 vide Notification No. 22/2011 – Service Tax
- Amendment in Notification No. 09/2010-Service Tax, dated the 27th February, 2010 Vide Notification No.21/2011-Service Tax
- Amendment in Notification No. 08/2010-Service Tax, dated the 27th February, 2010 vide Notification No.20/2011-Service Tax
- Amendment in Notification No. 07/2010-Service Tax, dated the 27th February, 2010 vide Notification No.19/2011-Service Tax
- Vodafone to pay 5 billion Dollar for buying out Essar in India; company could consider IPO in India
- Cheque payments to get costlier from today
- Sebi sets up committee on corporate bond market
- Union Bank of India starts I-T payment facility through ATMs
- Govt to issue 5 Rs. Coin on the theme “Income Tax – 150 years of building India”.
- Amendment in the Foreign Trade Policy, 2009-2014 to harmonise provisions of the Policy with the United Nations Security Council Resolution 1929
- Minimum Export Price of Onions – DGFT Notification No 41 (RE – 2010)/2009-2014
- Removal of restriction on export of cotton yarn – DGFT Notification No. 40 (RE-2010)/2009-14
- Import policy of Vehicles – DGFT Notification No. 39(RE-2010)/2009-2014
- List of goods, services and technologies to which provisions of Chapter IVA of the FT (D&R) Act, 1992 as amended in 2010 shall apply
- Non-availability of DEPB benefit on export of Cotton – Public Notice No. 45 (RE-2010)/2009-2014
- Minimum Export Price (MEP) for export of Sona Masuri, Ponni Samba and Matta rice- DGFT Public Notice No. 44 (RE-2010)/2009-2014
- Amendment/modification of SION Nos. H-18 and H-51 vide DGFT Public Notice No. 43 /(RE-2010)/2009-2014
- DGFT-Amendments in the Handbook of Procedures, Volume 1 (Appendices and Aayat Niryat Forms), 2009-14 vide Public Notice No. 42 (RE 2010)/2009-14
- FII Investment in corporate bonds infra long term category – Limit Raised, Investment in Unlisted Company also allowed
- Export of Goods and Software – Realisation and Repatriation of export proceeds – Liberalisation
- RBI Circular on Establishment of Financial Literacy and Credit Counselling Centre
- ICAI President’s Message – April 2011
- China accuses Google and its affiliates of tax fraud
- Financial health of states shows improvement – RBI
- Consolidated FDI Policy (Effective from 1-4-2011)
- Govt liberalises FDI policy to boost inflows
- Collection of electricity bills and telephone bills on behalf of electricity boards and telecom companies is not taxable under Business Auxiliary Service
- Service Tax – 20% restriction under Rule 6(3) of the CENVAT Credit Rules 2004 not applicable to credit availed on capital goods
- NBFCs can’t be partners in partnership firms- RBI
- CBEC – Settlement of Disputes between one Govt. Dept. and another and one Govt. Dept. and a Public Enterprise and one Public Enterprise and another
- KPMG Survey 2011 on Bribery and Corruption
- Empanelment form for examiners – Revised and ICAI President Message
- Tribunal can extend stay beyond 365 days if delay not attributable to assessee
- The Banking Companies (Nomination) Rules, 1985 – Clarifications – RBI circular No. DBOD.No. Leg. BC. 83/09.07.005/2010-11
- NBFCs not to be Partners in Partnership firms – RBI Circular No. DNBS.PD/ CC.NO. 214/03.02.002/2010-11
- FEMA – Draft Foreign Contribution (Regulation) Rules, 2011
- Company Law – Section 641 of the Companies Act, 1956 – Schedules, forms and rules – Power to alter Schedules – Replacement of existing Schedule VI by new Schedule VI with effect from 1-4-2011
- Guidelines on Asset Classification and NPA Provision for finacial year ending 31st March 2011
- Bank Audit 2011-Categorization of a Borrowal Account as NPA – Ready Recokner
- Rate of exchange of conversion of each of the foreign currency with effect from 1st April, 2011
- Govt may roll back excise duty on branded garments
- Revaluation reserve not routed through Profit and Loss Account could not be added to net profit while computing the book profit for the purpose of MAT
- Frontier Issues on the Global Agenda Emerging Economy Perspective
- New Schedule VI – New Balance Sheet and Profit and Loss A/c format applicable from F.Y. 2011-12
- IT dept conducts raids on Kanakia Group- Sources
- The relevant market condition for testing a transaction under CUP is that of the market where the goods are sold and not the place of origin of the goods
- Documents not available in public domain at the time of assessment and first appeal that are essential for determining arm’s length price can be admitted for consideration
- How to Download Form 16A online?
- Transfer Pricing – ACIT vs. M/s. NGC Network (India) Pvt. Ltd.
- Mumbai Tribunal holds that segmental accounts should be considered for the computation of the Profit Level Indicator
- CBDT Order No 53 of 2011- Ad hoc promotion from DCIT to JCIT
- Risk adjustments can be given only on company to company basis and not as thumb rule
- Orissa VAT rate change in items taxable at 12.50 percent
- Expert Committee on Revenue Forecasting – Request for suggestions
- EPFO decides to give monthly updates of contributions instead of annual statement
- Service tax on rail freight deferred by 3 months – Fourth Such Defferment
- Excise Duty- Clarification issued regarding exemption from filing of ER-4, ER-5 and ER-6 returns
- Notification announcing applicability of Revised Schedule VI to the Companies Act, 1956 from 1 April 2011
- Finance Bill 2011 – Significant Amendments in Custom Duty and Excise Duty Provisions
- MCA announces email ID of its Helpdesk and eGovernance Cell
- Significant Tax Proposals in State Budgets of Bihar, Chhattisgarh, Delhi, Goa, Himachal Pradesh, Jammu and Kashmir, Maharashtra, Meghalaya, Rajasthan and Uttarakhand
- Transfer Pricing – If Arms Length Price determined by arithmetical mean, 5 percent deduction allowable
- Direct Stay Application to ITAT maintainable. Not necessary that lower authorities must be approached first
- Swan and Loop used as front companies to get spectrum – CBI to SC
- Govt suggests telcos employ only Indians in sensitive posts
- Final decision on 2G spectrum pricing within 3 months
- Collection of account payee cheques – Prohibition on crediting proceeds to third party accounts
- Section 23 of Banking Regulation Act, 1949- Relaxations in Branch Licensing Policy
- Security Issues and Risk mitigation measures – Online alerts to the cardholder for usage of credit/debit cards
- Meeting of Committee on Investor Education and Protection Fund –Minutes of the Meeting
- Cooperatives seek exemption from direct tax code
- Dissemination of further information about FII activity – Discontinuance of Reporting
- 2 customs officers nabbed in anti-graft exercise
- SC gives CBI two more days to file charge sheet in 2G case
- Cabinet set to sanction 7,000 crore interest subsidy to textile units for modernisation
- Govt simplifies obtaining DIN by company directors
- MOU Signed Between ICWAI-MARF and Department of Post
- Jaljira is an appetizer and not a masala and therefore liable to sales tax at the rate of 10 Percent and not 16 Percent
- Parliament’s Public Accounts Committee summons Niira Radia, Ratan Tata on Apr 4 in 2G case
- Tax returns can be made public – CIC
- Banking licence draft guideline by end of this month- Finmin
- Companies may have to file balance sheet in XBRL form from July 2011
- Disallowance U/s.14A can not be made for Depreciation and for deduction allowable to Assessee under chapter VIA of the Income Tax Act, 1961
- Companies Bill likely to be tabled in next Parliament session
- Simplification in Procedures and Rules to Bring Transparency in Service Delivery
- CBI to file first charge sheet against Raja, others
- Where shares are held as stock-in-trade no part of interest on borrowed funds can be disallowed u/s 14A as incurred in relation to Dividend income
- Mobile phones- A button to send emergency alerts!
- Transfer Pricing- ITAT Delhi held that for TNMM, interest on surplus and abnormal costs to be excluded
- ICAI International Study Tour to Karachi, Pakistan from 25th-28th July, 2011 (3 nights and 4 days)
- ICAI panel to guide, support cooperative sector
- Prosecution of Directors – General Circular No. 08/2011, Dated the 25th March, 2011
- Transfer Pricing – Prior Years’ data cannot generally be relied upon to justify Arms Length Price
- Hasan Ali case-Apex court loses cool at ED report
- Hasan Ali’s wife to be present in Supreme Court tomorrow
- The Budget Attains Finality
- Maharashtra Budget 2011- Changes in MVAT, Stamp Duty & State Excise Duty
- Introduction of Annual Return on Foreign Liabilities and Assets – Reporting by Indian Companies
- Delhi HC grants Permanent injunction against firm for violation of copyright
- SC remit back the Judgement passed without reasoning to HC and asked to pass reasoned judgement
- Clarifications can not be treated as Validating Act
- Report transactions every month- I-T Dept to stock exchanges
- 75 Percent of VAT Refund under PVAT Act to be allowed on furnishing of Indemnity bond
- Portfolio management services fees not allowed as deductions against capital gains
- Non-availability of indexation benefit to a non-resident does not amount to non-discrimination
- Black money trail -I-T dept signs MoUs for conducting study
- Maharashtra govt coming out with new labour policy
- Sebi to outsource processing of investor complaints
- Service Tax on Works contract Services
- Service tax on Transport of Goods by Road
- Service tax on Telecommunication Services
- Service tax on Port Services by Major Ports
- Service Tax on Tour Operator’s Services
- Service tax on Site Formation and Clearance, Excavation and Earthmoving and Demolition Services
- Service tax on Travel by Air Services
- Service tax on Investment Management Service under ULIP
- Service tax on Scientific or Technical Consultancy Services
- Service tax on Packaging Services
- Wipro Chairman Azim Premji against law on mandatory CSR spending
- Interest-free loans for first-time home buyers in UK
- Parliament approves new name for Orissa
- Amendment to Rule 17,18 and insertion of Rule 52A and 83A – Maharashtra Value Added Tax (Amendment) Rules, 2011
- Letter from finance ministry explaining why Tax Evaders’ Names Are Secret
- Amendment to Rule 21 and Form 301 – Maharashtra Value Added Tax (Second Amendment) Rules, 2011
- Rules to amend the Companies (Central Government’s) General Rules and Forms, 1956
- Notification Revising DIN-1 and DIN-4 form and requirement of Undertaking
- Clarifications regarding changes introduced through the Customs Notifications issued on 24-3-2011
- Taxes withheld by determining the income of non-resident under special regime (section 44BB) without approaching the tax officer will not lead to violation of withholding tax provisions
- Excise duty on Jewellery and other articles of precious metals bearing or sold under a brand name
- Clarification on Levy of 1 Percent Excise Duty without Cenvat Credit on 130 items
- Excise duty – Branded Ready Made Garments and Made-up Articles of Textiles – Clarification
- India to achieve 9 Percent plus growth rate in coming years- FM
- Bank fined for not complying with RBI guidelines
- Revised Schedule VI to the Companies Act, 1956 to be effective from 1 April 2011
- Service tax on Market Research Agency’s Services
- Service tax – On-Line Information and Database Access and/Or Retrieval Services
- Service tax on Stock Broking Services
- Service Tax on Photography Services
- Service Tax on Sound Recording Services
- Service Tax on Rent-A-Cab Services
- Service tax on Ship Management Services
- Service Tax on Share Transfer Agent Service
- Service Tax on Information Technology Software Services
- Service tax on Mining service
- Service tax on Registrar to an Issue Services
- Service tax on Supply of Tangible Goods Services
- Service tax on Video Tape Production Services
- Service tax on Underwriters Services
- Service tax on Lottery and other Games of Chance Services
- Service tax on Pandal or Shamiana Services
- Service tax on Legal Consultancy Services
- Service Tax on Stock Exchange Service
- Service tax on Transport of Coastal Goods and Transport of Goods through National Water Way/Inland Water Service
- Service tax on Survey and Map Making Services
- Reporting of Foreign liabilities and assets by Indian companies
- Finance Bill, 2011 — Transfer Pricing Amendments
- Withdrawal of circular dealing with income arising from business connection in India is prospective in nature
- No service tax on cashless health insurance transactions – Sources
- Relaxation in Tariff value in case of branded readymade garments but should be equal to transaction value in case of job work, transaction between job workers and merchant
- MRP Based duty – 35 more goods included on which 1 percent duty or 5 percent duty with cenvat credit levied
- Excise Duty – Centralized registration scheme for mines engaged in the production or manufacture of goods falling under chapter heading 2701, 2702, 2703, 2704 and 2706
- Amends Cenvat Credit Rules, 2004 – Notification No. 9/2011-Central Excise (N.T.)
- Amends Central Excise Rules, 2002 – Units paying 1 Percent duty under notification no. 1/2001, to file quarterly returns – Rule 12AA to include jewellery of heading 7114
- IRDA Guidelines Pertaining to Agents
- Transfer, Posting and Retention Orders of Additional/Joint CITs and Deputy/Assistant CITs
- Direct Tax and Indirect Tax- Suggestions of ICAI Accepted in the Finance Bill, 2011
- PAC’s powers go beyond CAG report – Joshi
- Delhi VAT (DVAT) – E-filing of Annual Dealers
- Change in the applicability date of revised Schedule VI of the Companies Act, 1956
- Service Tax – Point of Taxation Rules – Pain of Taxation? Part – I
- Gujarat not ready for implementation of GST
- RBI likely to continue with tight monetary policy
- Government yet to take a Decision Regarding FDI in Multi –Brand Retail Trading
- CAG recommends tighter tax norms for film, television industry
- PAN cards exceeds the number of tax payers
- Amendments Incorporated in the Finance Bill, 2011 at the Time of Passing Thereof by the Lok Sabha in Respect of Income Tax Act, 1961
- Crooks offer refund on online tax refund!
- Shri Kapil Sibal Inaugurates Web-Based Application for AICTE
- CS – Time-table- PMQ Course in Corporate Governance
- Dispute Resolution Panel (DRP) Revised Jurisdiction w.e.f. 24.03.2011
- Black money case- Hasan Ali sent to judicial custody till April 8
- Maharashtra govt exempts transfer of copyrights of a film relating to the exhibition in theatres from VAT
- Competition Commission of India issued draft regulations in relation to the transaction of business relating to Combinations
- Summary of draft regulations in relation to the transaction of business relating to Combinations issued by Competition Commission of India
- Major Amendments to Karnataka Stamp Act, pursuant to State Budget – 2011
- Amends notification no. 20/2006 – Seeks to exempt certain specified goods from special CVD leviable on imported goods vide Notification No. 32 /2011-Customs
- Amends notification no. 21/2002 – Effective rate of duty on import of goods vide Notification No. 31/ 2011-Customs
- Exempts return of branded ready made garments subject to certain conditions vide Notification No.31/2011-Central Excise
- Amends notification no. 30/2004 – Exemption to specified goods of chapters 50 to 63 Vide Notification No.30/2011-Central Excise
- Amends notification no. 63/95 – Exemption to goods manufactured by specified Units / Institutions for use by Government Department or Defense purposes Vide Notification No. 29/2011-Central Excise
- Amends notification no. 8/2003 – Exemption of SSI units – “packing material” includes labels of all kinds vide Notification No. 28/2011-Central Excise
- Exempts waste, parings and scrap arising in the course of manufacture of goods in respect of which the benefit of exemption under notification no. 1/2011 or 20/2011 (i.e. 1 Percent duty) is availed
- Amends notification no. 6/2006 – Effective Rate of Duty on goods of Chapter 83 to Chapter 93 vide Notification No. 26/2011-Central Excise
- Amends notification no. 5/2006 – Effective Rate of Duty on goods of Chapter 54 to Chapter 82 vide Notification No. 25/2011-Central Excise
- Amends notification no. 4/2006 – Effective Rate of Duty on goods of Chapter 54 to Chapter 82 – Notification No. 24/2011-Central Excise
- Amends notification no. 3/2006 – Effective Rate of Duty on goods of Chapter 1 to Chapter 25 vide Notification No. 23/2011-Central Excise
- Amends notification no. 2/2011 – Effective Rate of duty as 5 Percent with cenvat credit on certain items – Notification No. 22/2011-Central Excise-CE
- Amends notification no. 1/2011 – Effective Rate of duty as 1 percent on certain items- Notification No. 21/2011-Central Excise-CE
- Effective Duty of excise on Mobile Phone (handsets) / Cellular Phones (handsets)- Budget 2011-12
- Regarding Monitoring of food import from Japan for radioactive contamination
- Addendum to SEBI Circular on Unauthenticated news circulated by SEBI Registered Market Intermediaries through various modes of communication
- Bank advised to conduct “Special Clearings” on March 30th and 31st, 2011
- Exemption for export of milk powders (including skimmed milk powder, whole milk powder, dairy whitener and infant milk foods), Casein and Casein products under para 9.12 of Handbook of Procedure Vol. 1
- Minimum Export Price of Onions- DGFT Notification No 36 (RE – 2010)/2009-2014
- DGFT- Extension of prohibition on export of Pulses (except Kabuli Chana and 10,000 tonnes of organic pulses) upto 31.03.2012– regarding
- Termination notices for 85 new licences issued -DoT
- Parliament completes for Budget approval exercise- Budget 2011-12
- SEZ – Clarification on FTWZ issues
- Resolution Nofifying Constitution of Financial Sector Legislative Reforms Commission (FSLRC) Issued
- Proposed amendments to the Finance Bill, 2011 in respect of Direct and Indirect Taxation
- Big 4 Auditors respond to Big Four clause investigation
- Banks in UK face probe for their use of Big Four auditors
- Govt introduces Bill to give statutory power to PFRDA
- Govt plans to keep track of companies with common addresses
- Highlight of Maharashtra State Budget 2011-12
- Transfer of Hon’ble ITAT Members (March 2011)
- Views expressed by smaller bench of a SC in case of Azadi Bachao Andolan on tax avoidance are binding on the HC
- Introduction of Constitution Amendment Bill for implementation of GST
- Delegation of powers of Central Government to Regional Directors and Registrar of Companies
- SEBI announces new Code of Conduct to check price manipulation
- Banks to have extended working hours on March 30, 31- RBI
- Unauthenticated news circulated by SEBI Registered Market Intermediaries through various modes of communication
- Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2010-11)
- ‘EGM to appoint new addl director on TFCI board invalid’
- CBDT Chief Sudhir Chandra gets extension
- 14 FDI Proposals worth Rs. 1289.85 Crore Approved
- Amendment proposed in Finance Bill/ Budget 2011 by Finance Minister
- Service Tax on Healthcare Services may back with GST
- Mistakes in Budget Bulletins, 2011 related to Custom Duty, Central Excise and Service Tax
- Appeal can not be dismissed on default to pay costs
- Validity of sale agreement executed on two stamp papers purchased on different dates and more than six months prior to date of execution
- Finally, India card Rupay to replace Visa, Master Card
- Germany relaxes immigration laws for professionals
- Exposure Drafts of Proposed Limited Revisions to Secretarial standards
- RBI reference rates for US dollar and euro
- ED conducts searches at Hasan Ali CA’s residence
- security at the guest house has no nexus or relation with the business of manufacture of assessees
- ROC Revised format of ROC form No. Related to Return of Share Allotment
- Indian govt introduces key tax reform bill
- Even if income is assessed by estimation on GP rate disallowance u/s. 40A(3) can be made
- Download Google’s Cloud Connect Toolbar to save MS Office work automatically
- Former I-T commissioner gets 3-yr rigourous imprisonment
- Income-tax – Creation of the Directorate of Income-tax (Expenditure Budget), Central Board of Direct Taxes, Department of Revenue, Ministry of Finance with immediate effect
- CBDT chief for quick payment of IT refunds
- Finance Minister’s Reply to the Discussion on the Finance Bill 2011-12 in Lok Sabha
- Basic Custom Duty Reduced from 30 Per Cent to 5 Per Cent on Raw Silk AD Valorem
- ED to summon Kalmadi, others for violation of forex rules
- Finance Bill, 2011 – As Introduced in Lok Sabha
- Govt approves 6 per cent hike in dearness allowance
- FM announces relief for readymade garment sector
- GST – Govt moves ahead, introduces Bill in Lok Sabha
- FM withdraws proposal for service tax on AC Hospitals and Diagonistic services
- Establishment of Connectivity with both depositories NSDL and CDSL – Companies eligible for shifting from Trade for Trade Settlement (TFTS) to normal Rolling Settlement – December 2010 & January 2011
- Law, not equity must prevail, SC
- Rs 616.53 cr tax notice to Mahindra Satyam- I-T department freezes account
- Breaking News Budget 2011 Related to Service tax on Healthcare and Excise Duty on Readymade Garments
- Reconciliation of transactions at ATMs failure – Time limit Complaints resolution with banks
- How to Value Capital asset introduced as stock-in-trade in business?
- Reconciliation of transactions at ATMs failure – Time limit
- ‘Made in India’ products to get preferential status in New Telecom Policy 2011
- Bill for mandatory hallmarking of more items cleared
- Service tax on Sponsorship Service
- Legislative Assembly passes Delhi Value Added Tax (Amendment) Act, 2011
- New bank licences norms after amending Banking Act
- Service tax on Management, Maintenance or Repair Services for Goods, Equipments or Properties
- Benefit of weighted deduction on in-house Research and Development expenditure is allowed from the year in which the taxpayer has filed an application and not when it is approved by DSIR
- Payments received for leasing of transponder capacity and bandwidth cannot be taxed as ‘royalty’ under the Section 9(1)(vi) of the Act
- Notional brought forward losses and depreciation should be set off in the current year while calculating the deduction u/s. 80-IA even though they have been set off against other income in earlier years
- Mumbai ITAT rules that transfer of an undertaking under slump exchange is not liable to capital gains tax
- Govt slaps Rs 700 cr fine on telcos for violation of laws
- Patel for making CSR spends by private companies mandatory
- Admission to CS Foundation Programme for 10+2 Pass Students
- Reduce stamp duty to limit black money inflows in real estate- PM
- Consider Special Investigation Team (SIT) on black money- SC to govt
- Conversion of Shipping Bill – Nothing is simpler in this country
- Vat on Fabric with reference to the Maharashtra Value Added Tax Act-2002
- Workshop on Indirect Tax Proposals of Union Budget – 2011-12
- National interest paramount, not MNCs contractual rights – SC
- Inflation Impact – Companies hike salaries by 40 pc
- Message ‘Unhappy’ to resolve complaints with SBI
- Second Meeting of Inter Ministerial Group(IMG) on Inflation Held
- India to open income tax offices in 8 countries
- If a search under section 132 of the Income Tax Act, 1961 is challenged on the ground that information leading to reasons to believe for authorising search was irrelevant then how should this question be resolved?
- Over Rs 3 lakh cr of direct taxes locked up in litigation- CAG
- Online transmission of DES (Advance Authorization), EPCG and DEPB at 7 new port locations w.e.f. 21.3.2011 – reg
- Invitation to collaborate in the activities of Committee for Members in Entrepreneurship and Public Services
- Bigger tax sops for big corporates – CAG
- Complete diminution investment Value to be added to book profits while computing MAT
- Service tax on Mailing List Compilation and Mailing Services
- Service tax on Real Estate Agent’s Services
- Service tax on Security Agency’s Services
- Service Tax on Management or Business Consultant’s Services
- Service tax on Rail Travel Agent’s Services
- Service tax on Medical Records Maintenance Service
- Service tax on Recovery Agent’s Services
- Service tax on Public Relation Service
- Service tax on Insurance Business Services (General Insurance)
- Govt notifies interest rate on EPF for Financial year 2010-11
- Deductions from works contracts while payment of tax in composite scheme under Punjab VAT Act 2005
- Renting & Service Tax- Hassled Tenants & Landlords
- Licensing authorities have the power to amend the licence with retrospective effect- Bombay HC
- Tenders or public auction best way to sell state properties- SC
- Withdrawn tax exemption cannot be reclaimed despite the fact that Assessee has invested fund on the promise of tax benefit
- Re-Tendering of E-Filing of Returns and Other Forms and Web-Enabled Services for Income-Tax Department
- Archaic laws reason for black money in real estate
- Monitoring of food import from Japan for radioactive contamination- Custom Instruction
- Key features of recent Immigration guidelines In brief
- CAG questions Sebi, Irda for retaining surplus funds
- Relaxation in due date for uploading of E-Return of Maharashtra Profession Tax for the month of February 2011 and March 2011
- Service Tax on Programme (T. V. Or Radio) Services
- Service tax on Technical Testing and Analysis Services
- Service Tax on Transport of Goods by Air Services
- Service tax on Insurance Business Services (Life Insurance)
- Service tax on Insurance Auxiliary Services Concerning General Insurance Business
- Service tax on Intellectual Property Services
- Service tax on Interior Decorator’s Services
- Service tax on Health Club and Fitness Centre Services
- Service Tax on Insurance Auxiliary Services Concerning Life Insurance Business
- Service tax on Mandap Keeper’s Services
- Globalisation’ of Indian accountants need of the hour – ICAI President
- Service tax on Opinion Poll Service
- Service tax on Travel Agent’s (Other Than Air or Rail) Services
- Service tax on Transport of Goods by Rail Service
- Service Tax on Survey and Exploration of Mineral Services
- Service tax on Transport of Goods through Pipeline / Conduit Services
- Service tax on Outdoor Caterer
- Service tax on Storage and Warehousing Services
- Service tax on Steamer Agent’s Services
- Handling & transportation charges, supervision charges collected by ‘Storage and Warehousing’ provider liable for Service Tax under the category of ‘Cargo Handling Service’
- Modification of SION C-514 under Engineering Product Group – Public Notice No. 41/(RE-2010)2009-2014
- Applicability of indirect taxes on packaged software – Circular No. 15 /2011-Customs
- India sitting over Rs. 1 lakh cr of unused external aid – CAG
- Delegation of powers and functions to Registrars of Companies on selective provisions
- Company Law- Delegation of powers and functions to Regional Directors on selective provisions
- Company Law- Amendments in the notification number, SRO dated 7th January, 1957
- Forex reserves decline $755 mn to $301.84 bn
- CBDT chairman confident of issue of All IT refund related to A.Y. 2009-10 and 2010-11 by 28th March 2011
- India’s tax collection jumps 26 pc till March 12
- No tax liability on Hutchison deal – Vodafone
- Insurers’ manoeuvre led to healthcare tax- CBEC
- DTC on track for April, 2012 rollout – Revenue Secy
- CBI Arrests Two Former Branch Managers of Union Bank of India and Eight others for causing a loss of Rs. Six Crore to the Bank
- Non-Compete Fee Not Taxable – Supreme Court
- FVU version 3.1 and 2.130 released by NSDL having Amended file format and applicable to e-TDS/TCS statement pertaining to FY 2010-11 and onwards
- Acceptance of e-TDS/TCS statements in Pen Drive
- ICAI requires technically par excellent, professionally successful, academically brilliant, administratively capable human resources
- Black money case – Hasan Ali’s income multiplied in 6 years to Rs 54,268 cr, says CAG report
- Employee opting for voluntary retirement scheme has no right to withdraw
- RTI- A citizen has a right to safeguard the privacy
- Only Caretaker has a Right to move Petition for Right to Die
- Whether High Court could invoke Article 311(2)(b) of Constitution while passing recommendation for removal of subordinate judge
- CA Pramod Agrawal faces Rs 100 crore income tax demand
- Difference between 2G and 3G
- Finmin approves 9.5 percent interest on PF deposits for 2010-11
- SEBI Circular on Listing Agreement for Securitized Debt Instruments
- Notification Declaraing rate of interest on EPF for the year 2010-11
- Govt slashes onion export price to USD 275/tonne
- IT order to Gujarat on investment MoUs routine – FM
- GST Amendment Bill likely to be in Parliament next week
- Cabinet okays PFRDA Bill- may go to Parliament soon
- RBI includes Telecom Towers as an infrastructure facility for availing credit facility
- RBI increases Repo and reverse repo rate by 25 basis points
- No drawback on the goods exported to Nepal which were imported into India from third countries
- ICAI enhances Fees for Issue of Duplicate Mark Sheets
- ICAI – Procedure for obtaining Duplicate Marks Sheet, Pass Certificate and Transcript
- 2011 Edition of Guidance Note on Audit of Banks to be released soon
- Mid-Quarter Monetary Policy Review- March 2011
- Despite Loan at High Rate of Interest, Share capital Gain can not be treated as Business Profit
- Service Tax on Foreign Exchange broking services
- Service Tax on Fashion Designer Service
- Lawyers to Accept fees only by Cheque and in case of Cash have to issue proper receipt
- Service Tax on Event management Service
- Service Tax on Erection, commissioning or installation service
- Service Tax on Dry cleaning services
- Service Tax on Dredging services
- Service Tax on Development & supply of content for telecommunication, advertising and on-line information services
- Service Tax on Forward Contract Service
- Service Tax on Franchise Services
- Whether availment of credit of service tax paid on the insurance service to cover the damage or loss to the exported goods in the foreign countries except India is eligible as input service?
- Mere Registration as Charitable Trust cannot absolve them of Service Tax liability
- MVAT – Amendment in section 88 and 89 to provide for grant of Identification Certificate to Mega Units covered under the Package Scheme of Incentives
- MVAT – Govt extends period of limitation for assessments for the period 2008-09 onwards by one year w.e.f 1st April 2005 and deletion of section 21 relating to issuance of notice for assessment
- SC remands Hasan Ali Khan in four days ED custody
- Process of incorporation of Companies and establishment of principal place of business in India by Foreign Companies simplified and e-payment of MCA fee made compulsory
- Coins of 25 Paise and Below – Withdrawal from Circulation
- Amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 36/2001-Cus (N. T.), dated, the 3rd August 2001
- IRDA issues Exposure Draft on Guidelines on Web Aggregators
- IT depart conducts searches in Jindal office
- RBI may hike repo, reverse repo rates by 25 bps
- Why should tax payer pay for the better off under PDS
- RBI submits draft guidelines on new banking licences to Finance Ministry
- Over Rs 1.60 lakh crore locked up in income tax disputes
- Laws violated in 2G scam-SC
- S.192 TDS on Salary Provisions for A.Y. 2011-12
- Extension of the Period of Limitation for assessment under Punjab VAT Act without notice justified?
- Foreign funds traced in 2G scam, hawala route used-ED to SC
- Cost Accounting Standard 13 – Cost of Service Cost Centre
- Cabinet clears GST Constitution Amendment Bill
- Service Tax on Electricity Exchange services
- Service Tax on Design services
- Service Tax on Custom house agent’s services
- Service Tax on Credit rating agency’s services
- Service Tax on Credit card, debit card, charge card or other payment cards related services
- Service Tax on Courier Services
- Service Tax on Cost accountant’s (practising) services
- Cosmetic or Plastic Surgery Service-Tax Rate, Accounting code, Classification, Valuation, Exemption, and Clarification
- Companies Name Availability Rules – Govt Amends the existing Rules
- Corruption threatens India’s high growth momentum
- Amendment in Tax on lotteries and Games under Punjab Tax on Lotteries Act, 2005
- India notifies limited multilateral agreement in tax matters amongst SAARC nations
- Payment of MCA filing fees through electronic mode made mandatory
- FM will respond to concerns on healthcare service tax
- Govt. may bring constitution amendment bill on GST this session
- I-T dept wants details of Vibrant Gujarat Summit (VGS) 2011 MoUs from Gujarat govt
- ICAI expects to complete Satyam audit probe in 3 months after final verdict
- Provident fund scam – All six accused judges granted bail
- SC admits RIL plea on sales tax dispute with Maharashtra
- Anti-dumping duty imposed on Chinese glass ware
- Recognizing Aadhaar Number for Inclusion in KYC Norms
- FM targets Tax GDP ratio at 12 percent-14 percent
- FM expresses concern at rising litigation with employees of the Income Tax Department
- Prohibition on export of Non-basmati Rice – Amendment in Notification No. 33/2009-14 dated 03.03.2010 relating to exemption for export to Nepal
- Complaints against Secretaries to the Government of India and Chief Executives of the Public Sector Enterprises and CMDs of the Public Sector Banks and Financial Institutions
- Interest paid by a branch of a Foreign Bank to its Head Office is deductible in the hands of the branch
- Mid-Quarter Review of Monetary Policy 2010-11 at 12 noon on March 17, 2011
- SFIO investigating 14 cases – says R.P.N. Singh
- Government has prescribed percentage of profits for public limited companies and their subsidiaries – says R.P.N. Singh
- Jurisdiction of Companies Act under which SFIO is functioning is restricted to India only
- Special Examinations for candidates under Mutual Recognition Agreements [MRAs] / Memorandum of Understanding [MoUs] with Foreign Accounting Bodies
- Anshu Jain tops Deutsche Bank pay with 12 million euro
- Service Tax on Convention services
- Service Tax on consulting engineer’s service
- Service Tax on Copyright Services
- Amendments to the Prevention of Money Laundering Rules, 2005
- Formation of new district in Uttar Pradesh – Assignment of Lead Bank Responsibility
- Introduction of Annual return on Foreign Liabilities and Assets reporting by Indian Companies and discontinuation of the Part B of form FC-GPR
- Income tax Dept recovers Rs 25,000 crore undisclosed income in last 2 years
- Liability of interest where CENVAT credit was wrongly taken but reversed by assessee before utilization- Circular No. 942/03/2011-CX
- 15 non-working PSUs in Karnataka – CAG report
- Bombay HC quashed DGFT policy circular which was contrary to the provisions of Foreign Trade (Development and Regulation) Act
- SC refers question on Status of contract Labour in Maharashtra to larger bench
- Rescheduling of PCE / IPCE Exams scheduled on 3rd May 2011 and 7th May 2011 at Kolkatta and Asansol
- Clause forfeiting bid security illegal – Delhi HC
- Roll back service tax on medical facilities- Trivedi
- Delhi fuel retailers demands lower VAT on diesel
- Goods transported to out-of-state depots otherwise than as a result of direct sale which would attract tax under Section 6 of the Central Sales Tax Act- SC
- Time limit prescribed for one scheme could be completely unwarranted for another scheme and time limit prescribed under Section 11A of the Central Excise Act is no exception- SC
- Fin sector cos to re-assess risks in emerging markets – Dun and Bradstreet report
- 86,000 commercial banks, 100,000 co-op banks in India to go on strike
- Rs One lakh crore tax evasion detected by revenue authorities in last 18 months
- Moily signs Cabinet note on pay parity in tribunals
- Inflation rises to 8.31 pc, RBI may hike policy rates
- CBDT Chairman Instructed again to immediately enter and process all the refund cases and issue refunds
- Labour Min favours partial withdrawal from EPF ; Rs. 8,318.69 crore lying in Inoperative Accounts
- Automation of non-MICR Clearing Houses – Implementation of a new Clearing Software – Express Cheque Clearing System
- Catering Service – Credit of service tax would be allowed except where the cost of food has been recovered from the employee/worker
- Sebi for tighter leash on wealth managers
- How to identify Forged / Fake note – FAQ
- DGFT- Quantity restriction of 55 lakh bales on export of cotton during Cotton Season, 2010-11- Exemption for export of 5000 bales of Assam Comilla cotton
- Service Tax on Construction Services – Preferential Location and Development
- Service Tax on Construction or renovation of commercial / industrial buildings / pipelines / conduits services
- Service Tax on Construction of residential complex service
- Service Tax on Company secretary’s (practising) services
- Service Tax on Commodity exchange service
- Service Tax on Commercial use or exploitation of any event service
- Service Tax on Commercial training or coaching services
- Service Tax on Club’s or Association’s membership services
- Service Tax on Clearing and processing house services
- Service Tax on Clearing and forwarding agent’s services
- Service Tax on Cleaning Services
- Service Tax on Chartered Accountant’s (practising) services
- Service Tax on Cargo handling Services
- Service Tax on Cable Operator’s services
- Service Tax on Business Support Service
- Service Tax on Business Exhibition Service
- Service Tax on Beauty treatment Services
- Service Tax on Banking and other financial services
- Service Tax on Authorised Service Stations for motor vehicles servicing or repairs
- Service Tax on Auction Service
- Swiss banks ask govt to reject mass-requests for banking info
- Rs 230 cr tax evasion by mobile phone dealers
- Order under Section 14 of IRDA Act read with Section 64VA of Insurance Act’ 1938
- IRDA- Third party motor insurance pool needs to be significantly augmented
- Website development expense is revenue expenditure and amount advanced for it if become unrecoverable is allowable as “Bad Debt”
- CPC processes over 38.42 lakh e-filed returns of A.Y. 2010-11 upto 09/03/2011
- Income Tax dept call Center to Solve taxpayers queries related to Refund, ITR V Status etc
- Govt releases draft Mines and Minerals (Development and Regulation) Act, 2010
- ICSI Campus Placement at New Delhi on 15th March 2011S
- No new law to deal with illegal immigration- Govt
- Service Tax on ATM operation, maintenance or management services
- Service Tax on Asset Management Services By Individuals
- Applicability of Custom Duty on Import of Gifts and FAQ on the same
- Empanelment for the Appointment of Internal Auditors in Eastern Coalfields Limited (ECL) For The Year 2011-12
- SEBI guidelines to allow direct investment by foreign investors into MFs
- Panel report on restructuring pension scheme likely by Mar-end
- Telecom Department may raise Rs 1,100cr demand
- Income Tax Refund cases not yet entered on the system – Casual and cavalier attitude
- Law Commission recommends uniform age of marriage for both boys and girls
- Number of working days in Courts governed by the rules framed by the respective Courts
- ICAI Online Journal (March 2011)
- SEBI bans 3 independent directors of Pyramid Saimira for 2 yrs
- ED seeks 14 days remand of Hasan Ali, cites national security
- Judgement of the AP High Court on the principles for dispensation of pre-deposit pending appeal in Service tax matters
- Chinese Companies Want the Big 4 Magic
- Write your mobile numbers on claim forms and get your P.F. claim status on mobile
- Penalty Provision in respect of delay in payment of P.F. dues
- Service Tax : Service Tax (Determination of Value) Amendment Rules, 2011 – Insertion of rule 29 – Corrigendum to Notification No. 2/2011-ST, dated 1-3-2011
- 8 New Income Tax Overseas Units (ITOUs) to be Operationalised in Next Fiscal
- Compulsorily Online Payment of MCA fees from 27th March 11 of Fees Less then Rs. 50000 and 1st October’2011 of Fess more then Rs. 50000
- ROC fees up to Rs. 50000 can be paid only online w.e.f. 27th March, 2011
- FM announces incentives for investment in education, health
- Some tax proposals under examination- FM
- Govt looking at suggestions on tax proposals
- Lok Sabha clears first stage of Budget 2011-12
- No collateral required for loans to SC/ST- Mukherjee
- Finance Minister confident of returning to 9 pc GDP growth
- Companies may have to induct at least one female independent director
- SAT defers PwC-Sebi case to March 15
- CBDT Circular on monetary limits for filing Income Tax appeals apply to pending appeals
- Foreign banks’ headcount down over 6 Percent – RBI
- Empanelment of CA firms with Coal India Limited for Internal Audit for the Year 2011-2012
- Due Date for submission of statutory forms under CST Act for year 2009-10 extended to 31st March 2011 in Punjab
- Circular on monetary limits for filing Income Tax appeals does not apply to pending appeals
- In case of under-assessment or a mistaken order, A.O. can rectify the mistake u/s 154 or make a reassessment u/s 147
- Taxability Of Loan Waiver depends on whether loan was used for capital or revenue purposes
- Service Tax Becomes an Inflationary Tax
- Assessee covered by DTAA will be eligible for credit of State taxes u/s 91 despite DTAA not providing for the same
- Exemptions and deductions available to Indian enterprises would also be granted to the US enterprises if they are carrying on the same activities
- MCA simplified procedure of company incorporation and establishment of principal place of business in India by Foreign Companies
- Income-tax (First Amendment) Rules, 2011 – Amendment in rules 6DDA, 6DDB and Appendix-II
- DGFT- Quantity restriction of 720 million Kg on export of cotton yarn during 2010-11
- Property tycoons under Income tax department scanner
- CBI registers three cases against Seven Customs Officials and conducts searches at various places
- No blacklisted NGO can get central funds- Govt
- Budget 2011 to benefit Under developed states- Fitch
- ICSI ties up with USE for info sharing and consultation
- Karnataka State Sericulture Research and Development Institute Approved as scientific research associations/institutions u/s. 35(1)(ii) of the Income-tax Act, 1961
- SEBI circular on Usage of load account
- Application under section 11 of the arbitration and Conciliation Act, 1996 – contract agreement between the parties got terminated
- Arbitration and Conciliation Act, 1996 —Inherent lack of jurisdiction
- Amendment in para 2.21.1 of HBP, V-I – Revision of fee for issuance of Certificate of Origin (Preferential) for India’s exports under Free Trade Agreements (FTAs) and Generalised System of Preferences (GSP) schemes.
- SION for new product “Woollen blended Worsted yarn” under Textiles Products Group
- Amendment in Appendix 25A, HBP Vol.I (Appendices and Aayat Niryat Forms) regarding periodicity of Bank Guarantee (BG) to be executed with Regional Authorities in case of domestic procurement of goods against EPCG authorization
- DGFT- Minimum Export Price(MEP) for export of Sona Masuri and Ponni Samba rice
- ICSI – 8th Residential Management Skills Orientation Program on May 14th to May 29th 2011
- Sevottam Kendra of Income Tax, Kochi gains critical mass
- Minimum Export Price of Onions- DGFT Notification No 30 (RE – 2010)/2009-2014
- Application under section 34 of the Arbitration and Conciliation Act, 1996 for setting aside arbitral award
- Arbitration and Conciliation Act, 1996 — Petition under Section 11(6) & (9) for appointment of the Arbitrator
- Scrap spectrum since 2003 if Raja’s policy is illegal – SC
- Hassan Ali Khan- India’s largest tax defaulter – Lets know about him
- Income Tax demand on Hasan Ali raised to Rs. 62,000 crore
- Govt concerned over quality of individual directors in PSUs
- Regarding imports of Glass Fibre and articles- Notification No. 30/2011-Customs
- Sibal Launches“E-Post Office”, The E-Commerce Portal of India Post
- Impact of FTA with EU on Garments Export
- Exemption of Import Duty on Items from ASEAN
- Net Direct Tax Collections during April-February-2011 Increase to Rs. 3,36,177 Crore, up by 20.75 Percent
- Penalty imposed on 18 persons named by German authorities- FM
- Govt can attach fraudulent nbfcs properties
- Service Tax Rules – A Transition from Cash to Accrual Basis
- Gain on sale of shares to be treated as capital gain and not business income, despite large volume of sales
- Provisions of the Competition Act, 2002 relating to Combinations and Regulations of Combinations brought into force
- Payment of commission to Non-Whole Time Directors of the company under section 309(4) (b) of the Companies Act, 1956
- Extend the time limit DVAT 51, up to 31st March, 2011
- Alloawability of Insurance Premiume under DTC Regime – Check Before buying new policy
- Interest on Home Loan, Principal Repayment and Taxing of Deemed Let out House property under DTC Regime
- Disclosure of tax returns, inherited property compulsory- EC
- CBI arrests Dy. Registrar of Trade Marks, Intellectual Property, Chennai in a Disproportionate Asstes Case
- Income Tax arrears decline despite rise in number of cases
- India raises concerns over anti-dumping duty by Brazil
- 54 PSUs reported combined loss of Rs 14,424 cr
- Income Tax, Directorate of Enforcement investigate Rs 460 crore Citi fraud case
- SEBI- No irregularity in recent fall in stocks markets
- FIMI wants roll back of export duty hike on iron ore
- Mumbai as International Financial Centre
- Woman chartered accountant jumps to death along with two kids
- Relaxation in Information Sharing Norms by Switzerland
- Amends Notification No. 12/97-Customs (N.T.) – Inland Container Depots for loading and unloading of goods
- Appoints Common Adjudicating Authority- Notification No. 21 /2011 – Customs Duty (N.T.)
- Appoints Common Adjudicating Authority- Notification No. 20/2011-Customs (N.T.)
- Allocation of Government debt long term & corporate debt – old investment limits to FIIs
- Special Recruitment Window of Tata Sons in ICAI Campus Placement
- Govt to Provide Equity Support to PSU Banks
- Service Tax – When tax liability is paid with interest and 25% penalty, no infirmity in setting aside penalty in excess of 25% under section 80 of Finance Act, 1994
- Service Tax – On-going Works Contract as on 01.06.2007 – Prima facie case alone is not sufficient for granting stay – Tribunal to follow principles for granting stay
- Textiles Ministry seeks rollback of excise duty on branded garments
- Service tax on healthcare not to hit common man- CBEC
- Revenue diversion from non-SEZ areas to SEZs noticed -CBDT
- How to Know the Status of Form 24G filed by PAO/DTO
- Not possible to bring Aviation Fuel (ATF) under GST
- Ravi wants reconsideration on air travel service tax
- Black money case- ED detains Hasan Ali, searches Pune home
- SEC may take administrative route in insider case against former Goldman Sachs director Rajat Gupta
- RBI releases Statistical Tables Relating to Banks in India 2009-10
- Year End TDS Compliance- Points to Keep in Mind
- Taxation of certain foreign dividends at a reduced rate of 15 percent
- Provisions relating to MAT and DDT in case of SEZ Units and Developers
- Parliament cannot make laws on extra-territorial matters not effecting interest of the country – SC
- Delhi High directs CAG to submit its audit report on 25 elite private schools
- FICCI demands Roll back of service tax on AC hospitals
- New rules soon for wealth managers; RBI, Sebi to get more powers
- Govt to complete budgetary exercise by March 24
- Performance of SEZs
- Stop blaming auditors- MIA
- SEBI permits Futures on 91-day Government of India Treasury-Bill (T- Bill)
- 91 Days Treasury Bills makes way for Interest rate Futures
- ICAI to help corporates identify CSR projects
- ICSI enters MOU with United Stock Exchange of India Ltd.(USE)
- Relief can not be denied on the ground of delay in filing FIR
- Trademark Dispute- Agarbathi maker can not sell the same under the name similar to a Leading Newspaper- SC
- Casual workers cannot claim regularization merely because working for a considerable period of time
- Check Employee Provident Fund (EPF) Status Online
- OECD to release over 50 peer reviews on tax norms by Nov
- IATA opposes proposed hike in service tax on air travel
- Service tax on private hospitals to impact people
- Regarding anti-dumping duty on imports of Polytetrafluoroethylene (PTFE) falling under heading 3904 61 00
- Regarding anti-dumping duty on imports of Certain Rubber Chemicals (MBTS) falling under tariff item 2925 20 or 2934 20 or 3812
- Circular Simplifying of DIN rules and making Possible Allotment of DIN on the same day
- Key Highlights of Indian Economic Survey 2010-11
- Tax authorities should evaluate a transaction from the point of view of prudent businessman
- Law empowers Transfer Pricing Officer to determine the arm’s length price of only ‘referred’ international transactions
- Highlights of fresh sops announced for exporters Background
- Incentive paid to the employees by the employer’s parent company pursuant to takeover does not require any mark-up
- Competition Law – Draft CCI (Procedure in regard to the transaction of business relating to combination) Regulations
- Internal benchmarking analysis under TNMM based on segmental results prepared by using allocation keys is justified
- RBI holds meeting of FSDC
- FICCI to pursue with state governments issue of implementing GST
- Amends Notification No.4/2006-Central Excise-Effective Rate of Duty on goods of Chapter 26 to Chapter 48
- CBI registers case agst Lalli, Dehlvi, carries out searches
- Brief on Notifications amending section 5 and 6 of the Competition Act
- Section 11A-Branches opened for invocation of extended time limit…
- Expansion of scope of Legal Consultancy Service
- Pay service tax for Health services!!!
- Special Economic Zones – No More Special
- Exempts perfumes commonly known as “Attar” subject to certain conditions – Notification No. 18/2011-Central Excise
- Exempts Handicraft and certain goods of cottage industry – Notification No. 17/2011-Central Excise
- Exempts movement of goods between the factories of a manufacturer of power tillers of heading 8432 – Notification No. 16/2011-Central Excise
- Amends notification no. 3/2005 – exemption withdrawn from various items – Notification No. 15/2011-Central Excise
- Transaction value based duty on Software’s on which MRP is not required to be printed- Notification No. 14/2011-Central Excise
- Relaxation in registration requirement to the job workers – ready made garments – Notification No. 13/2011-Central Excise
- Amends notification no. 30/2004 – Exemption to specified goods of chapters 50 to 63 – Exemption withdrawn from All goods bearing a brand name or sold under a brand name – Notification No. 12/2011-Central Excise
- Amends notification no. 29/2007 – Effective rate of duty for goods of Chapter 50 to 63 – and substitution of entry no. 9 – Notification No. 11/2011-Central Excise
- Amends notification no. 10/2006 – Effective Rate of duty on specified goods increased from 4 pc to 5 pc and various entries omitted. – Notification No. 10/2011-Central Excise
- Amends notification no. 59/2008 – Effective Rate of Duty on certain Items – lower rate 4 pc increased to 5 pc – Notification No. 9/2011-Central Excise
- Amends notification no. 8/2003 – SSI Exemption – Notification No. 8/2011-Central Excise
- Rescinds notification no. 49/2009 – Exempts Printing Blocks, Printing types, mathematical calculating instruments and pantographs- Notification No. 7/2011-Central Excise
- Blackmoney case- SC orders reinstatement of ED sleuths
- Custom Duty- Proper officer – Section 2(34) – meaning and scope of the term “proper officer”
- Section 11(2) of the Foreign Trade (Development and Regulation) Act, 1992
- Amends notification no. 6/2006 – Effective Rate of Duty on goods of Chapter 83 to Chapter 93- Notification No. 6 /2011- Central Excise
- Amends notification no. 5/2006 – Effective Rate of Duty on goods of Chapter 54 to Chapter 82- Notification No. 5 /2011-Central Excise
- Amends notification no. 4/2006 – Effective Rate of Duty on goods of Chapter 26 to Chapter 48- Notification No. 4/2011-Central Excise
- Commerce Minister surprised by MAT on SEZs
- Goldman CEO agrees to testify in insider-trading case
- Sibal to discuss spectrum, Merger and Acquisitions with telcos
- Why Indians switching jobs or Look for New Job
- CVC Disposed of 668 Cases in January 2011 Major Penalty Proceedings Recommened Against 116 Officers
- Check Your Passport Status online
- Once a gift is complete, the same cannot be rescinded
- Govt to get new study conducted on black money- Palanimanickam
- RBI to soon complete probe into Rs 460-cr Citibank fraud- Govt
- Section 54EC Relief available Even If Cheque Cleared after 6 Month Limit
- CWA – Examination Time Table and Programme for June 2011 Term
- ICSI Campus Placement for Fresher Members at NIRC – 15th March 2011
- Availment of exemption notification – Non-availment of Modvat Credit of the duty paid on the input
- Levy of customs duty on the ocean going vessel-Breaking/ scrapping purpose in terms of Notification No. 133/87-Cus
- Transfer pricing Audit due date for corporate assesses extended to 30th November
- Section 403 of the Act – an perfect example of corporate complications in a proceeding under section 397/398 of the Companies Act, 1956
- Govt. exempts Exempts enterprise, whose control, shares, voting rights or assets are being acquired has assets of the value of not more than Rs.250 crores or turnover of not more than Rs. 750 crores from the provisions of Section 5 of the Competition Act, 2002 for a period of five years
- CCI – Government exempts ‘Group’ exercising less than fifty per cent of voting rights in other enterprises from the provisions of section 5 of the Competition Act, 2002 for a period of five years
- Competition Commission of India Enhances value of turnover, by fifty per cent for the purposes of sections 5 of the Competition Act, 2001
- Notifications for Effecting Section 5, 6, 20, 29, 30 & 31 of Competition Act – Notification no. S.O. 479(E)
- FM pushes for affordable homes; full tax rebate to builders
- ITAT Appeal- File Revised Form 36 if there is a Change in Address
- Introduction of Self-assessment of Goods under Customs
- Budget Changes for Authorised Service Station Services
- Changes in Export/Import of Services Rules
- LLP Profits Squeezed Budget 2011
- Transactions between the two Companies after the effective date of merger cannot be treated as between a service provider and service recipient
- List of CA firms Empaneled/approved for Statutory Branch Audit for FY 2010-11
- For s. 115JA/JB s. 80HHC deduction to be computed as per normal provisions & not on P&L profits
- ITAT Mumbai Rules despite high volume and short holding period, shares gain is STCG
- Mistake in Section 254(2) order cannot be rectified- ITAT Special Bench
- Scheme for Collection of Dues of (i) Central Board of Direct Taxes (ii) Central Board of Excise and Customs (iii) Departmentalised Ministries Account – Reporting and Accounting of March Transactions – Special Arrangements – Financial Year 2010-2011
- GST may not be implemented from April 2012
- DGFT- Export of Honey to USA and European Union
- Indians readily paying cash for virtual kisses
- Govt’s green signal to Banking Laws Amendment Bill
- Treat tax payers as clients, FM tells IRS probationers
- CBI drafts list of ineligible cos on 2G scam, to send LRs
- RBI to upgrade high-value fund transfer system RTGS
- Regulatory sanctions in US embarrassing – HSBC Global Head
- Section 80-IA of the Income-tax Act, 1961 – Deductions – Profits and gains from industrial infrastructure undertakings, etc. – Notified undertaking
- Govt notifies United Stock Exchange of India Limited as recognized stock exchange u/s. 43(5) of Income tax Act
- Statutory Functioning of Competion Commission of India
- Corporate Social Responsibility (CSR) is Voluntary
- Cases of Merger and Amalgamation of Government Companies v
- Government regulates remuneration of officials of Government Companies
- Serious Fraud Investigation Officers (SFIO) have Investigated 61 Companies
- Investigation into Satyam Computer Scam under way
- Extension of Indian Development and Economic Assistance (IDEA) Scheme
- Budget Impact – Balancing the Young and Old Ones
- Highlights of Budget Amendment in Central Excise and Customs
- Rationalisation of Tax on Income distributed to unit holders dividend distribution tax
- Union budget 2011-12- A quick look
- All banks to have chief information officers soon- RBI
- Budget 2011- New Products under Central Excise Levy – 1.3.2011
- Explanatory notes to Amendments made by Union Budget 2011 in Excise Duty Provisions
- Important changes/amendment in respect of Custom Duty
- Important changes/amendment in respect of Service tax
- Important changes/amendment in respect of Central excise duty
- Sudden hike in interest rate
- Determination of Time & Rate in Service Tax (Point of Taxation Rules, 2011)
- Branded Goods – Stitched To Excise Duty
- Amends notification no. 20/2001 – tariff value in respect of garments extendd to articles of chapter 63
- Rate of Interest fixed at 18 Percent – Notification No. 06/2011-Central Excise (N.T.)-CE(NT)
- Rate of Interest fixed at 18 Percent – Notification No. 05/2011-Central Excise (N.T.)-CE(NT)
- Central Excise (Amendment) Rules, 2011 – Amendment in view of levy of excise on ready made garments
- Excise Duty- Amends notification no. 3/2006 – Effective Rate of Duty on goods of Chapter 1 to Chapter 25
- Option to pay duty at 5% with cenvat credit on which exemption has been withdrawn
- CENVAT Credit (Amendment) Rules, 2011 – Amendment in Rules 2, 3, 4, 6 and 9
- Budget 2011- List of 130 Item on Which excise duty of one percent is payable
- Change in timings of CS June 2011 Exams
- 2G scam- CEOs of 10 telcos under scanner
- Budget 2011- Service Tax Amendments at a glance
- Garment makers’ shut down to oppose excise duty
- Govt collects Rs 300 crore in penalties from new telecom operators
- Increased excise duty, MAT on SEZs to hurt pharma industry
- Service tax penal provisions to be used sparingly
- Service Tax – Point of Taxation Rules, 2011
- Service Tax – General Exemptions – Special Economic Zone – Suppression of Notification No. 9/2009-ST, dated 3-3-2009
- Transportation of coastal goods and goods transported through National Waterways and inland water – Abatement provisions – Amendment in Notification No. 1/2006-ST, dated 1-3-2006
- Service Tax – Interest payable – Notified rate of interest under section 73B – Amendment in Notification No. 8/2006-ST, dated 19-4-2006
- Service Tax – Interest payable – Notified rate of interest under section 75 – Amendment in Notification No. 26/2004-ST, dated 10-9-2004
- Taxation of Services (Provided from Outside India and Received in India) Amendment Rules, 2011 – Amendment in rule 3
- Service Tax – Export of Services (Amendment) Rules, 2011 – Amendment in rule 3
- Works contract service – Exemption to works contract provided wholly within a port or other port for construction, repair, alteration and renovation of wharves, quays, docks, etc.
- Service Tax – Section 65(105)(zzzza) of the Finance Act, 1994 – Works contract service – Exemption to works contract provided wholly within an airport
- Service Tax – Section 65(105)(zzn) of the Finance Act, 1994 – Transport of goods by air service – Parcel exemption
- Transport of goods by air service/road service/rail service – Exemption to services, as specified in section 65(105)(zzzp)/(zzp) and (zzn), provided to a person located in India when goods are transported from outside India to a final destination outside India
- General Insurance Service – Service tax exemption to insurer providing insurance under a specified scheme
- Service tax exemption to works contract provided for construction of new residential complex, etc., under specified scheme
- Business Exhibition Services – Exemption to services rendered to exhibitor participating in an exhibition held outside India
- Notification for Revised rate of service Tax on Air Fare
- Service Tax (Amendment) Rules, 2011 – Amendment in rules 4A, 5A and 6
- Service Tax (Determination of Value) Amendment Rules, 2011 – Insertion of rule 2B
- Service Tax- Works Contract (Composition Scheme for Payment of Service Tax) Amendment Rules, 2011 – Amendment in rule 3
- Custom Duty- Rate of interest fixed at 18 Percent – Notification No. 18/2011-Customs (N.T.)-Cus(NT)
- Custom Duty- Rate of interest fixed at 18%amp;- Notification No. 17/2011-Customs (N.T.)-Cus(NT)
- Custom Duty Notification Prohibits import of Acetate tow and Filter Rod except use in manufacturing of specified goods
- Amends Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995
- Custom Duty – Effective rate of export duty on all items other than iron ores lumps, fines and pellets and de-oiled rice bran cake
- Custom Duty – Exempts work of art imported for exhibition in a public museum or national institution
- Custom Duty – Exempts of software from MRP based duty where which declaration of retail sale price is not required, under the provisions of The Legal Metrology Act, 2009
- Exempts copper concentrates falling under the tariff item 2603 00 00 equivalent to the duty of customs leviable on the value of gold and silver contained in such copper concentrate
- Amends notification no. 29/2010 – Exemption from special CVD (additional duty of customs) on specified goods
- Custom Duty – Exempts parts, components and accessories for the manufacture of mobile handsets
- Amends notification no. 21/2002 – Effective rate of customs duty on import of goods
- Custom Duty – Amends notification no. 20/2006 – exempt certain specified goods from special CVD leviable on imported goods
- Custom Duty – Amends notification no. 23/2010
- Custom Duty – Amends notification no. 14/2004 – Scope of water supply project explained
- Custom Duty – Amends notification no. 69/2004 – exemption to specified goods of various chapters from the Levy of Education Cess
- Custom Duty – Amends notification no. 45/2005 – Exemption to all goods produced or manufactured in a Special Economic Zone and brought to any other place in India in accordance with the provisions of the Foreign Trade Policy 2004-2009
- Custom Duty -Amends notification no. 22/2003 – Exemption to the specified goods, works of art, antiques, paper money, wollen apparels etc. received as gift by Indian Red Cross etc
- Amends notification no. 25/1999 – Nil custom duty or concessional duty on specified goods when imported into India for use in the manufacture of the finished goods
- Custom Duty- Amends notification no. 42/96 – scope of water supply project explained – projects for assessment under heading 9801
- Custom Duty- Assessment under Project Import Regulations, 1986 – Requirement of cash security in lieu of bank guarantee
- 2G scam- CBI questions former TRAI chairman
- Budget 2011- All about the new tax proposals
- Sibal favours spectrum audit, asks telcos to collaborate
- DGFT- Minimum Export Price of Onions -Notification No 29 (RE – 2010)/2009-2014
- DGFT- Amendment in Para 8.5 of FTP
- DGFT- Prohibition on export of wheat – Exemption for export of wheat to Afghanistan
- DGFT – Procedure for export of Sona Masuri, Ponni Samba and Matta rice
- DGFT- Amendments in Para 8.3.1 of HBP, Vol. 1 and in Appendix ANF 8
- Over 2.8 crore bogus ration cards deleted from list
- Boards of 25 Central Public Sector Enterprises (CPSEs) do not have Requisite Number of Independent Directors
- Budget 2011- Two exemption Notifications- litigation inbuilt
- Budget 2011- Changing Levy of import duty on Stainless Steel Scrap
- Budget 2011- Change in Rate of Service Tax on Money Changers
- Budget 2011-12 – Ceiling rate on Declared goods u/s 15 of CST Act proposed to increase to 5 Percent
- MCA Notified Ind-AS – Key Issues and Differences with IASB IFRS
- Budget 2011- Change in Service Tax Refund Scheme
- Budget 2011- Changes proposed for introducing Goods and Service Tax (GST)
- Income Tax – Major Highlights of Union Budget – 2011-12
- Union Budget 2011-12 – ICAI View
- The ICSI welcomes sustainable growth oriented Union Budget 2011-12
- ICAI President’s Message – March 2011
- Budget 2011- Summary of Chapter wise Changes in Custom Duty
- Budget 2011- Investment linked deduction in respect of specified businesses
- Budget 2011- Collection of information on requests received from tax authorities outside India
- Budget 2011- Taxation of certain foreign dividends at a reduced rate
- Budget 2011- Toolbox of counter measures in respect of transactions with persons located in a notified jurisdictional area
- Budget 2011- Rationalisation of provisions relating to Transfer Pricing
- Budget 2011- Sunset of tax holiday for certain undertakings engaged in commercial production of mineral oil
- Budget 2011- Extension of sunset clause for tax holiday for power sector
- Budget 2011- Provisions relating to Minimum Alternate Tax (MAT) and Dividend Distribution Tax (DDT) in case of Special Economic Zones
- Budget 2011- Deduction for investment in long-term infrastructure bonds
- Budget 2011- Tax benefits for New Pension System (NPS)
- Budget 2011- Weighted deduction for contribution made for approved scientific research programme
- Budget 2011- Alternate Minimum Tax for Limited Liability Partnership (LLP)
- Budget 2011- Exemption to a class or classes of persons from furnishing a return of income
- Budget 2011- Notification for processing of returns in Centralised Processing Centres
- Budget 2011- Extension of time limit for assessments in case of exchange of information
- Budget 2011- Modification in the conditions for filing an application before the Settlement Commission
- Budget 2011- Power of the Settlement Commission to rectify its orders
- Budget 2011- Omission of the requirement of quoting of Document Identification Number
- Budget 2011- Reporting of activities of liaison offices
- File Your FIR online in Delhi
- Budget 2011- Recognition to Provident Funds– Extension of time limit for obtaining exemption from Employees Provident Fund Organisation (EPFO)
- Budget 2011- Major proposals about Service Tax
- Budget 2011- Major proposals about Central Excise duty
- 3 National Institutes will conduct Study on Black Money in The Country
- Indian Economy on Higher Growth Path; Resilient to Both External and Domestic Shocks-FM
- Impact of Rising Fuel Prices on Economy
- Benefit of set off of brought forward losses could not be denied to the amalgamated company if there is no change in control and management of amalgamated company pre and post merger
- Budget 2011 -2012-Central Excise – Amendments in Cenvat Credit Rules, 2004
- Budget 2011-2012- Central Excise – Important Legislative Amendments
- Budget 2011-2012 – Central Excise – Relief Measures
- Budget 2011-2012 – Central Excise – Withdrawal of exemptions/ concessions
- Budget 2011-2012 – Central Excise – Rate structure for goods, other than petroleum
- Budget 2011-2012 – Central Excise – Prescribes Effective Rate of duty
- Budget 2011- Brief Notes on all amendments in Custom Duty Act and Tariff Act
- Budget 2011 – Service Tax – SEZ Refunds
- Budget 2011 – Service Tax – Relief to Small scale sector
- Budget 2011 – Service Tax – Exemptions
- Budget 2011 – Service Tax – Amendments to Cenvat Credit Rules, 2004
- Budget 2011 – Service Tax – Amendments to Works Contract (Composition Scheme for Payment of Service Tax) Rules, 2007
- Budget 2011 – Service Tax – Amendments to Service Tax (Determination of Value) Rules, 2006
- Budget 2011 – Service Tax – Amendments to Taxation of Services (Provided from Outside India and Received in India) Rules, 2006
- Budget 2011 – Service Tax – Amendments to Export of Services Rules, 2005
- Budget 2011 – Service Tax – Point of Taxation Rules, 2011
- Budget 2011 – Service Tax – Service Tax Rules, 1994
- Budget 2011 – Service Tax – Compliance Mechanism
- Budget 2011 – Service Tax – Alteration or expansion in the scope of existing services
- Budget 2011 – Service Tax – Proposed New Services
- Budget 2011- GST Constitution Amendment Bill this session
- Companies Bill to be presented in Parliament this Budget session
- Budget 2011- Govt imposes 18.5 pc MAT on SEZ developers, units
- Budget 2011- Govt extends tax holiday for power sector by 1 more year
- Budget 2011 -Nothing cheering for IT sector; no extension to STPI
- Budget 2011- High service tax on life policy to lower returns
- Budget 2011- FM proposes new simplified tax return form ‘Sugam’
- Budget 2011- Branded garments to cost upto 15 Percent more on excise duty
- Budget 2011- Exporters to do self-assessment of their duty liabilities
- Budget 2011- FM halves dividend tax on earnings from overseas arms
- Budget 2011- Overseas entities can invest directly in Mutual Funds
- Mobile phones to cost more from Apr1- FM Mukherjee
- Company Law – Section 641 of the Companies Act, 1956 – Schedules, forms and rules – Power to alter Schedules – Replacement of existing Schedule VI by new Schedule VI
- Salary earner earning less then 5 Lakh not having other income need not file IT Return
- Budget 2011-12- How govt earns and spends its rupee
- Budget 2010-11- What finance minister has in store on Income Tax
- Housing loans of Rs 15 lakh to get 1 Percent interest subvention – Budget 2011-12
- Union Budget 2011-12 Summary as Provided by Finance Ministry
- Fiis Limit For Investment in Corporate Bonds Raised- Budget 2011-12
- Slew of Financial Sector Legislative Reforms Proposed New Guidelines for Banking Licenses to be Out in the Current Financial Year
- Financial Sector Legislative Reforms Commission Set up Companies Bill to be Introduced in the Ongoing Session
- Service Tax on Hotel Accommodation, Restaurant Services Restructured – Budget 2011-12
- Budget 2011-12- Service Tax Provisions to be Rationalised
- Exit Norms Pension Scheme SWAVALAMBAN Will be Relaxed
- New Income Tax Exemption Limit for Individuals and Senior Citizens – Budget 2011-12
- Budget 2011-12 – Minimum Alternate Tax Rate (MAT) increased marginally
- 130 new items under excise duty, Mandatory on Readymade Garments- Budget 2011-12
- Budget 2011-12 Provides higher incentives for Micro, Small and Medium Enterprises
- Budget 2011-12 provides Boost to Housing Sector Finance
- Budget 2011-12 – Relief from audit to Service tax Payers
- Excise Duty Concession to Vehicles Based on Fuel Cell Technology and Reduction in Basic Customs Duty on Solar Lantern
- Service Tax on Centrally Air Conditioned Hospitals with 25 or more BEDS – Budget 2011-12
- Budget 2011-12- Service Tax on Air Travel Raised
- Customs Modernisation – Self-Assessment to be Introduced
- Budget 2010-11- Excise and Custom Duty Exemption and Concession
- E-Filing and E-Payment of Taxes, Web-based facility to track Resolution of Refunds
- Budget 2010-11- Process of Tax Reforms to be Expedited
- Budget 2011-12 – Mission mode Projects to help States to align with the Roll out of GST
- Budget 2010-11- Bill to Amend Indian Stamp act to be Introduced
- Budget 2010-11- New Simplified ITR form ‘Sugam’ to be introduced for small tax Payers
- New Series of Coins with the Rupee Symbol to be issued
- Excerpts from PM’S Post Budget 2011-12 Interview on Doordarshan
- Budget 2010-11- Key proposals impacting individual tax payers
- Budget 2011-12- Impact on Personal Taxation and Income Tax Calculator
- Some Important changes in Income Tax after Budget 2011-12
- Budget 2011-12 – Exemption to notified Infrastructure Debt Fund
- Budget 2011-12 – Exemption of specified income of notified body or authority or trust or board or commission
- Budget Amendments on Tax Front Applicable for A.Y. 2012-13
- Lawyers can’t refuse to defend accused – SC
- Budget 2011-12- Quick Highlights
- Union Budget 2011-12- Income Tax Proposals-Preliminary Highlights
- Budget 2011-12 – Exemption of certain perquisites of Chairmen and Members of Union Public Service Commission
- Budget 2011 -Service Tax, Excise and Custom Duty Proposals-Preliminary Highlights
- Budget 2011-12 – Definition of “charitable purpose” – Monetary Limit u/s. 2(15) increased to 25 Lakh
- Budget 2011- Government incentivises electric, hybrid vehicles
- Key Features of Budget 2011-2012
- Budget 2011- What’s costlier, cheaper?
- Tax Proposals in the Budget of year 2011-12
- Highlights of Union Budget 2011-12
- Budget 2011-2012- Speech of Minister of Finance Pranab Mukherjee
- FM informs Five-Fold Strategy to Deal with Black Money
- Students’ Column- Cenvat Credit for Service Tax Simplified
- FAQs on Easy Exit Scheme, 2011
- Get SMS Alert for Annual Filing eForms filed with ROC
- Budget may contain some relief for exporters
- ‘Only CSR disclosure to be mandatory in Cos Bill’
- Union Budget to decide the sentiment in equity market
- Budget may lower farm loan interest to 4 pc; push agri-infra
- Budget likely to give boost to infrastructure sector
- FM likely to raise IT exemption limit to Rs 2 lakh
- Court case against Infosys accuses it of visa and tax fraud
- Rail Budget 2011-12- Who praised Mamata, who slammed her
- Budget 2011-12- Significant proposals related to Direct and Indirect Taxes
- Harshad Mehta case- I-T dept to get Rs 1996 cr
- SEBI slaps Rs 25 lakh fine on Central Bank of India
- Significant tax proposals by Gujarat, Kerala, Karnataka and Madhya Pradesh States in their State Budget announced in February, 2011
- Royalty agreement renewed is in substance a new agreement and therefore entitled to the lower rate of withholding tax
- Transfer Pricing- Documentation is required to be maintained contemporaneously on an annual basis
- Transfer pricing- Tribunal provides guidance on recovery of pre-commencement costs
- In case of wrong availment of CENVAT Credit Interest payable from date of availment and not from date of utilization- SC
- B/F business losses can be set off against other sources of income which are in the nature of business income, though chargeable to tax under another head of income
- Non-issue of s. 143(2) notice renders s. 147 assessment order invalid
- Proviso to Section 14A bars reassessment but not original assessment on the basis of the retrospective amendment
- Processing of Income Tax refund – CBDT chairman asked to Process Income Tax Refund by March 15 2011
- CBI Files Chargesheet against Ex-MLA for Violation of FCRA
- Fiscal deficit to be lower at 4.8 Per Cent in 2011- Survey
- Reform Agenda – Economic Survey 2010 – 11
- FM Releases Compendium of Innovative and Unique Practices in Customs, Excise and Service Tax
- Services sector may register 9.6 per cent growth
- Infrastructure-A Mixed Bag of Performances – Economic Survey 2010-2011
- Budget 2011- FM to present Budget on Feb 28; Industry and tax-payers hopeful
- Union Budget may not tinker too much with duty rates -CARE
- Economic Survey 2011- Separate disclosure norms for life, general insurance companies
- Govt notifies 35 accounting standards in line with IFRS
- LIC launches Samridhi Plus under Ulip portfolio
- FATF Plenary Appreciates the Strong Commitment Demonstrated by India to The International Drive against Money Laundering and Financing of Terrorism
- FM Says Direct Taxes are Major Resource for Undertaking Development Work
- FM releases compendium of unique practices on indirect taxes
- Tax evasion worth Rs 150 cr by raided tobacco companies
- After receipt of return in response to notice under Section 148, it shall be mandatory for AO to serve a notice on assessee under section 143(2) assigning reason therein.
- A Del Credere Agent is not liable to pay service tax in respect of service rendered by it prior to 16-6-2005
- Only when assessee is able to offer reasonable explanation, based on some evidence, Assessing Officer cannot invoke Part B of Explanation to section 271(1)(c)
- Definition of “export turnover” given in Explanation 2 to section 10A excludes freight and insurance
- India–Netherlands DTAA-Mere provision of a dredger on dry lease for carrying out dredging activity in India does not result in assessee having a PE
- When a company-landlord of premises stands dissolved due to amalgamation, its rights under decree for eviction devolves on amalgamated company
- Powers under section 254(2) cannot be exercised for reviewing a considered and conscious decision on grounds which are inherently subjective and capable of debate and discussion on adoption of one view or the other
- Section 65 of the Finance Act does not talk of a tourist permit issued under Motor Vehicles Act, but it only speaks of user of tourist vehicle by tour operator
- Once commissioner/brokerage is credited in P&L account of assessee broker and entire debit balance including principal and brokerage is found irrecoverable and is written off in books by assessee, same can be allowed as bad debt allowable u/s 36(1)(vii)
- Without rejecting books of account regularly maintained, addition cannot be made only on basis of DVO’s report
- Cessation of Liabilities- Liabilities reflected in balance sheet cannot be treated as cessation of liabilities
- Fetter on an executing court to not go behind decree is not placed on a Company Judge assessing a creditor’s winding-up petition founded on a decree
- Penal provision of section 271(1)(c) would operate when there is a failure to disclose fully or truly all the particulars of income
- Royalty- Necessary ingredient for treating a payment as royalty is exclusiveness of right of a person over design or invention invented by him
- It is impossible to presume that expression `licence’ provided in section 32(l)(ii) is an endless expression and even a tenancy right can be brought under it
- Once capital asset is converted into stock-in-trade provision of section 2(47) becomes irrelevant and does not apply
- Scope of Explanation 2 to Section 147 is such that Assessing Officer is free to re-examine correctness of a regular assessment
- The expression “Tax due” in section 179(1) will not comprehend within its ambit a penalty
- Provisional attachment of property -Section 281B provides for attachment of property of assessee only and of no one else
- Financiers of motor vehicles are not entitled to any deprecation much less higher rate of depreciation on such vehicles
- Once initial burden in terms of section 68 of IT Act, 1961 is discharged by assessee, onus shifts to Department to prove that amount credited in books of accounts represents undisclosed income of assessee
- Indo-UAE Tax Treaty- Aggregation of time spent on different projects can only arise for `connected’ projects
- Increase in Interest Rate on EPF
- Eligibility of tufted cotton bathmats/cotton tufted bathrugs covered under ITC (HS) Codes 5703 or 5705 for grant of duty credit scrip under VKGUY/FPS of FTP
- Prohibition on export of onion – Clarification for (a) MEP and (b) Export of Bangalore Rose onions and Krishnapuram onions under export licence
- Extended time limit shall apply in respect of claim of refund relating to exports made prior to 7.7.09
- ICAI notifications related to increase/ Amendment in Fees
- Certificate Course on Valuation is scheduled to start at Chennai from 19th March, 2011
- ICAI increase Entrance, Fellow Admission, Membership, COP, Fellow and Associates Fees w.e.f. 01.04.2011
- Sebi bars 6 entities from market, slaps Rs 36 crore penalty
- Axis Bank launches income tax payment facility at ATMs
- Indian Accounting Standards Converged with IFRS Notified
- DGFT- Corrections in Public Notices No.33/(RE2010)/2009-14 dated 15.02.2011 & 2/(RE2010)/2009-14 dated 23.8.2010.
- Highlights of Economic Survey 2010 – 11
- RBI to float discussion paper on deregulating savings a/c rate
- RBI tells banks to stop re-circulation of soiled notes
- Railway Budget 2011-12- All You want to know
- I-T Dept slaps Rs 450 crore demand on Infosys
- Expenses Disallowed under section 40A(3) and 40A(3A) of Income Tax Act 1961
- Once estimation of income is made, further disallowances u/s. 40(a)(ia) are not warranted
- After acquisition and vesting of all rights of a land in State, mere speculative right to receive compensation/enhanced compensation is not and cannot possibly be treated as an asset under section 2(ea) of the Wealth-tax Act
- Penalty proceedings – Whenever an addition/disallowance is made, initial burden is upon assessee to prove that it is not his concealed income or he has not furnished inaccurate particulars of such income
- Second hand machinery purchased for use as spare parts for existing old machineries has to be considered as an allowable expenditure on revenue side
- Service of maintenance and repair should be under a Maintenance or Repair Contract/Agreement to attract levy of service tax prior to 16-6-2005
- When assessee is engaged in business of buying and selling shares, profit or loss on such shares would be profit and loss of such business unless assessee establishes that shares in question were bought as a long term investment
- Cross-border transaction- TPO/AO, before he determines arm’s length price in relation to income from an international transaction, needs to give appropriate notice to assessee, giving him an opportunity to produce evidence in support of arm’s length price computed by him
- Assessment of rental income- For purpose of assessment under head “profit and gains of business or profession”, it shall be necessary that property acquired and used is for commercial purpose under business activity
- Assessee not entitled to depreciation on a plant which is not in operation since its capitalization
- Income from other sources- Investment or expenditure made in a company where there is no hope of earning profit shall not be covered by section 57(iii)
- Before invoking provisions of section 153A it would be necessary to comply with provisions of section 132(1) of the Income Tax Act, 1961
- Space-selling service- Any services provided by any person to any other person in relation to sale of space would be taxable from 1-5-2006 and not prior to that date
- A low rate of gross profit, in absence of any material pointing towards falsehood of accounts books, cannot by itself be a ground to reject account books under section 145(3)
- On invocation of action under section 13 of Securitisation Act by secured creditor, reference before BIFR would abate by virtue of third proviso to section 15(1) of SICA
- Special Auditor, to whom work is assigned, is very much at liberty, to insist upon payment of such fee/remuneration as he may deem adequate for work assigned to him
- Imposition of penalty-If claim made by assessee besides being incorrect in law is mala fide, Explanation 1 to section 271(1)(c) would come into play and work to his disadvantage
- Rectification of computational error- A simple computational error can be resolved by rectifying an order of assessment under Section 154(1)
- Court should provide its own grounds and reasons for rejecting claim/prayer of a party
- Canvat Credit – Valuation of goods transferred by manufacturer to its sister concerns without any invoice
- Cenvat credit – Conditions for availing benefit under Notification No. 8/2003-CE dated 1-3-2003
- Doctrine of mutuality does not apply in case business activities of an assessee-firm is not restricted to partners only
- Appellate Forums while reversing orders of AO are legally bound to dwell upon specific reasons assigned by AO for not accepting explanation of assessee that statement made by him u/s 132(4) was obtained under coercion and duress
- FERA- Where interest received by revenue was relatable to seized amounts from petitioners, which were invested in fixed deposits by revenue, petitioners would be entitled to accrued interest on such seized amounts
- Bill Likely to Relax Rotation of Auditors
- Even if MOA of an trust contains varied objects, so long as record demonstrates that assessee only conducts educational institutions, it must be regarded as existing solely for purpose of education
- India-Singapore DTAA- Technical services provided offshore do not require any deduction of tax at source
- Making a wrong claim is not at par with concealment or giving of inaccurate information, which may call for levy of penalty under section 271(1)(c)
- Cenvat Credit – To avail credit lawfully, raw material, on which same is sought to be availed, must be utilized in manufacture of final dutiable product and credit earned thereon should also be utilized for payment of duty on final product
- Section 127 mandates that assessee must be given a reasonable opportunity of being heard while exercising power to transfer cases
- There is no provision in section 148(1) stating that after objection is received, a detailed order of rejection has to be passed before passing final order of reassessment
- Proceedings u/s 163 are only intended to ensure that a person can be regarded as a representative assessee only on existence of certain conditions
- Limitation to proceed under section 13 (2) and 13 (4) of SARFAESI Act, 2002?
- No disallowance can be made in case of payment to non-residents in view of Article 26(3) of the DTAA between India and the USA
- Interest on Non Performing Assets which is doubtful of recovery, taxable on receipt basis
- Capital gains arising from transfer of the Development right to attract the provisions Section 50C of the Act
- Continuing debit balance is not an “international transaction”
- The assessee is not entitled to adjustment of 5 per cent as stipulated u/s 92C(2), where only one of the several methods specified u/s 92C(1) is applied by the assessee to determine the ALP
- Computation of gross profit margin should be based on audited accounts and should not be a notional figure.
- TPO cannot reject TP method adopted by assessee on the ground that the comparables are wrongly chosen
- DRP must not have “perfunctory approach”- Delhi High Court
- Delhi HC Rules Exemption U/s. 10(23C)(vi) cannot be denied merely because there is a surplus
- Section 80-IA(5) Set Off Of Absorbed Loss- ITAT Declines To Follow HC judgement
- Delhi HC rules block assessment order on protective basis Permissible even for block assessment u/s 158BC and 158BD
- Salary taxable only if it accrues in India – rules Bangalore Tax Tribunal
- Revision under Section 263 Void If Contrary To Consistency Law- Delhi High Court
- Analysis of RBI discussion paper on Presence of Foreign banks in India
- Purchase Tax under Punjab Vat Act 2005
- CBI to file chargesheet on Satyam scam after replies from 6 nations
- Union Budget Preview 2011-12
- CBI Arrests Secretary-General & Director General of Organising Committee CWG-2010 in on-going Investigation of a CWG Case
- Govt hopes to exceed indirect tax collection estimate
- RBI can act any time to deal with inflationary pressure
- Seeks to amend the notification 39/1996-Cus ,dated the 23rd July, 1996,so as to extended the validity of exemption for ATV Programme (S.No.13) up to 31st December, 2015
- Telecom lobbies for rationalisation of taxes
- Refund of 4 per cent CVD (SAD)-Extension of time upto 30th June, 2011 for using re-credited 4 per cent CVD (SAD) amount in DEPB
- Regarding Intellectual Property Rights (Imported Goods) Enforcement Rules, 2007 -instructions for implementation
- Company Law -Companies (Central Government’s) General Rules and Form (Amendment) Rules, 2011 – Substitution of Form No. 2
- Brought Forward Business Loss can be set-off against dividends assessed as “income from other sources” if shares held for business
- I-T dept raids mining firm, transport companies
- Amends Notification No. 208/77-Customs, dated the 1st October, 1977
- CIT’s Sanction u/s 148/151 of the Income Tax Act if mechanical and without reasons is invalid
- Budget Session 2011 commenced on 21st February 2011, Budget will be presented on 28th February 2011
- CPE hours requirements for various categories of members of the Institute for the Block period of 3 years
- Notification for PT Amendment Rules
- Review of the Economy 2010/11
- CS – Get the Result through email December 2010 Session
- First implement GST at central level- Sinha to Govt
- Giving Shuttering on hire to builders for use in construction is deemed sales- Rent Received therefrom is liable to VAT
- Appointment and Empanelment of coop auditors in Maharashtra gets transparent
- Highlights of PMEAC’s ‘Review of the Economy 2010-11′
- Individuals cannot trade in forex market- RBI
- Amendment in Notification No. 45/2001- CE(NT)-This notification specifies the conditions, safeguards and procedures for Export under bond to Nepal or Bhutan
- RBI Guidelines on Base Rate – Circular No. DBOD.Dir.BC. 81/13.03.00/2010-11 – Dated- February 21, 2011
- General Circular No-3/2011 – dated 21.02.2011 – Clarification in respect of Circular No. 2/2011 dated 8th February, 2011 regarding direction under Section 212(8) of the Companies Act, 1956
- Debt recovery tribunal pulled up by Delhi High Court
- Damages should compute future service prospects
- Electronic payment of tax refund for deemed exports
- Tax authorities to locate foreign assets of Hasan Ali Khan
- Citigroup may award 11.9 mn Dollar to four senior executives
- Drawer of bounced cheque should not be punished twice
- Institute for Financial Management and Research, Chennai – Section 35(1)(iii) of the Income-tax Act, 1961 – Scientific research expenditure – Approved social science or statistical research associations/institutions
- Section 35(1)(ii) of the Income-tax Act, 1961 – Scientific research expenditure – Approved scientific research associations/institutions- organization Sinha Institute of Medical Science & Technology, Kolkata
- Treat tax evasion and fraud on a par, India tells Group-20 Countries
- Budget 2011- Income Tax Exemption limit may be hiked by Rs. 20000
- Correction in OLTAS Income Tax/TDS challan after payment
- Govt to release Rs. 150 coin soon
- Check your Status online of CA PCC, IPCC and Final online exam forms of May 2011 exams
- India signs tax information exchange pacts to avoid tax evasions
- Govt seeks Rs 24.66 cr tax from LGT a/c holders
- Some Important recent orders u/s 85 of PVAT Act 2005
- Some inflationary pressure to remain in a growing economy- FM
- TPO cannot determine the arm’s length price of an international transaction, which has not been referred to him by the AO
- Empanelment Form for Observers for the CA Exam to be held in May-2011 and the Common Proficiency Test to be held in June, 2011
- Prior to A.Y 05-06, project approved as “housing project” by local authority eligible for deduction u/s 80-IB(10) irrespective of extent of commercial user
- Doctrine of Mutuality- Fact that an association satisfies norm of mutuality in respect of receipts of contributions from its members does not necessarily lead to conclusion that every activity of that association satisfies test of mutuality
- Six Weeks Residential Programme for Qualified Chartered Accountants/IPCC/PCC/PE-II Passed students
- SBI plans merger of 5 associate banks in next 12-18 months
- Change in Examination timings from 9.00 AM-12.00 Noon to 02.00 PM – 05.00 PM for May, 2011 Chartered Accountants Examinations
- Rs 57 crore excise duty theft unearthed in Indore
- Raise I-T exemption limit to Rs 2 lakh- Sinha to FM
- I-T arrears stood at Rs 2,48,927 crore- Finmin
- TRAI 2G pricing recommendations illogical- Vodafone
- Budget 2011- Govt may raise tax exemption limit; says Goldman Sachs
- SEBI Laws-Section 4 of the SEBI Act, 1992 – Management of the Board – Amendment in Notification No. S.O. 147(E), dated 21-2-1992
- Design of National Tax Headquarters Finalized after Stiff Competition
- Making UID Mandatory for Securities Transactions
- Branch Office set up in India which merely remunerated employees seconded by US Group Company does not constitute a Permanent Establishment in India
- Supreme Court recalls the law requiring the PSUs to obtain COD approval
- Human probability/tendency of non-cooperation by parties after business transaction is over, is required to be considered while deciding bona fide aspect of assessee in penalty matter under section 271(1)(c)
- Prohibition on export of milk powders(including skimmed milk powder, whole milk powder, dairy whitener and infant milk foods), Casein and Casein products – Non-application of transitional arrangement under para 1.5 of Foreign Trade Policy, 2009-14- Notification No 25 (RE – 2010)/2009-2014
- Indravadan C Patel Vs. CCE, Vadodara (Cestat Ahmedabad)
- Amendment to Serial No. 3(ii) of Policy Circular No. 20(RE-2010)/2009-14 dated 14.02.2011 regarding issuance of licences for Value Added Special Yarn/Technical Yarn
- Input service credit availed by assessee on outdoor catering available subject to that the assessee not charged anything from the employees
- Regarding Customs duty exemption benefit to BCCI – Circular No. 9/2011-Customs
- Online Payment to the beneficiaries (firms) for their DBK/TED refund claims, by RAs of DGFT
- Whether the service rendered by the petitioner in the form of chemical treatment of effluent water for the awarder amounts to sale of goods in the execution of works contract
- Mauritius will help India unravel black money trail
- Every claim made against an insurance company in respect of a loss, would be a claim within purview of claims “requiring to be paid or settled” under section 64UM(2) of Insurance Act
- Scope of appeal under section 248 can never be beyond scope of examination of nature of obligation under section 195(2) cast on a resident payer
- Govt may miss disinvestment target of Rs 40,000 cr for FY’11
- Highlights of Revised Schedule VI to the Companies Act, 1956
- CLB’s power to set-aside Agreements/Contracts under section 397/398?
- Market bets on GST rollout, clarity in DTC in the budget
- Sebi wants IPO forms short and simple
- 500 tax information exchange pacts signed- Pranab
- WorkShop on XBRL for practicing members of ICWAI
- Only the expenses that have been incurred after the date of entering into agreement are liable for mark-up
- Transfer Pricing – Circumstance when Assessee not entitled to adjustment of 5 per cent as stipulated u/s 92C(2)
- Service Tax – Once penalty imposed u/s. 78 there is no justification for imposition of penalty u/s. 76
- Salary taxable only if it accrues in India
- Unrealised loss on outstanding interest rate swaps would be allowable as business deduction
- Guaranteed amount paid to any non-resident sports association in relation to any match played in India liable to withholding tax
- Payments to overseas telecommunication service providers towards provision of International Private Leased Circuit/ dedicated bandwidth to be taxable as Royalty
- Cenvat Credit Rules – Availability of credit of expenses
- Delhi High Court rules that additional provision for warranty is revenue expenditure
- Transfer Pricing- CUP method (the traditional transaction method) is preferable to the other methods
- Buyer has to bear extra price due to enhancement in duty/tax rates prior to delivery of the vehicle
- ITAT Delhi Rules Activity of giving micro-finance and earning interest is “charitable purpose”
- PSU COD Law Reversed By Full Bench- Supreme Court
- DGFT- Removal of ban on export of Onions
- Prohibition on export of milk powders(including skimmed milk powder, whole milk powder, dairy whitener and infant milk foods), Casein and Casein products
- Govt mulls simple norms, strict scrutiny on foreign funds
- Give equal tax treatment to overseas, resident Indians-Hinduja
- Excise Duty Rate hike of 2 pc likely in 2011-12 Budget
- CII ask govt to ease overseas Merger and Acquisition regulations
- CAG tightening MNREGA audit system
- Shri Murli Deora, and Shri R.P.N. Singh for Corporate Affairs had an Interactive Session with corporate India on the ini
- Budget 2011-12- Give tax sops on affordable housing
- Companies Bill 2009 to be tabled in Budget session
- NBFC- All Deposit Taking NBFCs – CRAR Fifteen per cent w.e.f. March 31, 2012
- NBFC – Non-Banking Financial (Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007 – Amendment in paragraph 16
- Income-Tax department moves HC against tax reliefs sought by Shahrukh Khan
- Sebi moves SC against order in derivatives case
- Govt bans export of milk powder, casein
- Govt proposes to make e-filing of patents mandatory
- ICAI-Relaxation in eligibility to appear in CA Final Examination for PCE and IPCE candidates
- CBI arrests its Dy.SP and Four Others for Evasion of Customs Duty
- Prudential norms on investment in Zero Coupon Bonds
- Amends Notification No.143/2009-Customs, dated 22nd December,2009 seeking continuation of anti-dumping duty on imports of Sodium Nitrate, originating in, or exported from People’s Republic of China
- Brought forward business losses can be set off against the gains arising from any business or profession, though chargeable to tax under any other head of income
- Assessing Officer can determine the true legal relation resulting from a transaction on substance of the transaction
- Under Explanation to section 73 of Income Tax Act, 1961 even delivery-based loss on shares is “speculation” loss
- RBI circular on All Deposit Taking NBFCs – CRAR Fifteen percent w.e.f March 31, 2012
- Regarding levy of excise duty on goods manufactured at the site of construction for use in construction work
- Custom Duty- Seeks to amend the notification 13/2010-Cus dated 19th February, 2011 so as to extend the stipulated three months period for re-export to six months
- Custom Duty Notification No. 12/2011 – Customs (N.T.) amends Notification No. 36/2001 – Customs (N.T.), dated, the 3rd August, 2001
- Comprehensive Revision of the Companies Act 1956
- Convergence of Indian Accounting Standards with International Financial Reporting Standards
- Amendments in the Reward/Incentive Schemes of Chapter 3 of FTP 2009-14:- Appendix 37A and Appendix 37D of Handbook of Procedure Vol. 1
- Amendment in Paragraph 2.63 of Handbook of Procedures, Vol.I, 2009-2014(RE 2010) regarding issue of RCMC by Director, Handicrafts, Government of Jammu & Kashmir
- DGFT- Regarding Prohibition on export of onion – Exemption for export of Bangalore Rose onions and Krishnapuram onions
- CBI to approach CLB on links between Reliance, Swam in 2G scam
- Wide differences between Govt and industry on Companies Bill 2009
- Sebi proposes XBRL reporting system for mutual funds
- IFRS norms format for companies to be notified soon
- Clandestine Removal- A Blessing For 100 Per Cent EOU
- DTH service is also subject to Entertainment duty in addition to service tax-P&H High Court
- Highlights of Comprehensive Economic Partnership Agreement between India and Japan
- Regarding anti dumping duty on Circular Weaving Machines originating in or exported from China PR
- Allowability of depreciation on Assets forming part of Block of Assets if the same was not used during the year
- Centralized Processing Center (CPC), Bangalore has begun processing of returns for AY 2010-11
- Life policies- Insurers seek separate exemption limit
- EPFO says no to investment in equity in absence of guarantee
- Don’t fall prey to bogus prize money offers- RBI warns public
- India needs corporate debt market to develop infra- PM
- 2G scam- CBI questions Anil Ambani on dual tech, role in Swan Telecom
- Budget to give clearer picture on economic reforms-Dr Singh
- Finance Minister to leave for Paris Tomorrow to attend G-20 Finance Ministers and Central Bank Governors Meet
- More reforms in the Budget, assures PM
- Software vendorwise percentage of correction TDS/TCS statements accepted and rejected at TIN central system
- FAQ’s on Granting of Research Visas
- Constitutional Amendment Bill on Goods and Service Tax (GST) to be introduced in forthcoming Budget Session
- RENTING & Service Tax- Larger Bench to Hear Matter on 22nd February 2011 in Delhi High Court
- Manmohak Press Conference
- Section 80 – No penalty if no evidence adduced to contend that the respondents deliberately failed to pay service tax
- Leagal Metrology ( Packaged Commodity) Act,2011
- Excise Duty- Clarification regarding excisability of Bagasse prior to the budget of 2008
- Seeks to exempt Jute products when imported from Bangladesh – Notification No.8/2011-Customs
- Custom Duty- Amends Notification no. 74/2000-Customs (N.T.), dated the 12th December, 2000
- CPC Bangalore gets Gold Award for “Excellence in Government Process Re-engineering”
- Select Cases in Direct and Indirect Tax Laws (2010) – An Essential Reading for the Final Course [Relevant for May 2011 a
- OECD growth indicator points to slowdown in India
- Section 211 of the Companies Act, 1956 – Accounts – Form and contents of balance-sheet and profit and loss account – Exemption under section 211 to certain classes of companies from making disclosure of certain information in their profit & loss account
- Section 211 of the Companies Act, 1956 – Accounts – Form and contents of balance-sheet and profit and loss account – Exemption under section 211 to Public Financial Institutions from disclosing certain investments
- Section 35AC – Appointment of new Chairman & members of National Committee for Promotion of Social and Economic Welfare
- FM may soon allow 9.50 Per Cent Interest on PF deposits for financial Year 2010-11
- 2G Spectrum case- No suo-moto investigation by Ministry of Corporate Affairs
- How to Calculate Gratuity and its Tax Treatment after recent amendments
- Insurance – Insurance schemes sponsored by Governments
- Section 641 of the Companies Act, 1956 – Schedules, forms and rules – Power to alter schedules – Amendments in Schedule XIII
- Custom Duty- Appeal over violation of rules on storing imported good
- Claim for refund of the duty paid under the Customs Act, 1962 and consideration of Essentiality Certificates
- Organization Kelkar Education Trust, Mumbai has been approved u/s 35(1)(ii) of the Income-tax Act, 1961
- Permanently fixed furniture too subject to excise – SC
- RBI Master Circular on Micro Credit
- Amendment in Appendix – 30 A relating to Export Obligation Period under Advance Authorization/DFIA Schemes – Public Notice No. 31(RE-2010)/2009-2014
- Amendment in paragraph 4.24A related to Advance Authorisation for Annual Requirement in HBP v1
- Regarding Incorporation of a new provision as paragraph 4.7A in the HBP. v1 to allow access to duty free inputs based on actuals, for pharmaceutical products manufactured through Non-Infringing process
- Regarding Amendment of paragraph 4.1.3 of Foreign Trade Policy (FTP) to allow access to duty free inputs based on actuals to manufacturer of pharma products through Non-Infringing process
- Restriction on export of Cotton yarn -DGFT Policy Circular No. 20 (RE-2010)/2009-14
- Sale price of shares cannot be apportioned towards transfer of controlling interest, where there is no express written understanding
- ALP of slump sale to be determined using valuation report, failing which IT WDV can be considered as a reasonable method
- IIFCL Infrastructure Bonds-Deduction U/s. 80CCF for investment in Long Term Infrastructure Bond
- Finance Minister to meet Congress leaders on budget tomorrow
- Bad debts allowed to share broker for amount not recovered from the client towards purchase of shares
- Empanelment of Chartered Accountants with SBBJ for Stock/ Concurrent and Information System Audit
- Centre likely to call another GST meeting next month
- TDSAT sets aside DoT order asking telcos to go for CAG audit
- Now you can Track your Share trades with contract notes
- India has signed its fourth TIEA with Bahamas
- Insurance – Guidelines for Individual Agents for Persistency of Life Insurance Policies
- Managerial remuneration in unlisted companies having no profits / inadequate profits
- Exemption from attaching accounts of subsidiaries with balance sheet of holding company
- SEBI’s recommendation on related party transactions
- Salient Features of Easy Exit Scheme, 2011 available upto 30 April 2011
- Payment for use of transponder capacity for up-linking /downlinking data would not constitute royalty
- Tax Residency Certificate should be regarded as sufficient evidence for beneficial owner
- Agreement between India and Bermuda for the exchange of information with respect to taxes
- Liaison Office (LO) involved merely in purchasing activity is not a Permanent Establishment (PE)
- Budget 2011- Some Issues In Indirect Taxation
- CLB’s power and responsibility under section 402 of Companies Act, 1956?
- Govt proposes to keep new company bill flexible
- Sebi probing possible foul play in crashing of stock markets
- Listing day- BSE mulls pre-opening trade in IPO stocks
- I-T dept asked to collect Rs 1150 cr in unpaid taxes in a week
- IPO guidelines for life insurers to be out in 10 days- IRDA
- Govt to decide on lifting export ban on wheat, onion
- Govt mulls tighter international tax norms
- Black money-Switzerland willing to share Indians’ Swiss bank account details
- Black money – Govt to name offenders, SC told
- Black money to be taxable under DTC- Govt
- FAQ on Options on USD-INR Spot Rate and Currency Options
- Monthly IIP numbers don’t tell the true story- Finance Minister
- Portability of Health Insurance Policies from 1st July 2011
- Nischal Narayan age 15, Hyderabad boy cleared CA IPCC in November 2010 Exam in first attempt
- India-born Anshu Jain tipped to become Deutsche Bank co-head
- SBI ups interest rates by 25 bp
- What is Dividend and Dividend yield?
- Guideline for issue of credit of TDS claimed when TDS not Matching with 26AS for returns of A.Y. 2010-11
- Scheme for Payment of Pension to Government Pensioners by Authorised Banks – FAQ
- Amends Notification No. 84/2010 – Custom (N.T.) dated 17th September, 2010 – Determines the rates of drawback in suppression of the notification No.68/2007-Customs (N.T.), dated the 16th July, 2007
- Custom Duty- Amends the Customs, Central Excise Duties and Service Tax Drawback Rules, 1995
- Whether sanction of amalgamation scheme can be held up as conduct of Official Liquidator is found to be blameworthy
- Director not responsible for cheques issued after his resignation -section 141 of Negotiable Instruments Act, 1881
- EPCG Scheme- Section 15(1)(b) would be applicable only when the goods are cleared from the warehouse u/s. 68 of the Cust
- Download RTP for May 2011 CA PCC, IPCC & Final Exams
- Service Classification in International Podium
- Penultimate Sales under CST Act 1956-Submission of H forms
- RBI board meeting resolves to strengthen financial inclusion
- IRDA releases norms for merger of general insurance cos
- ICAI wants Rs one crore fine on erring audit firms
- EPFO Launches “web Based” claim enquiry module
- CBDT Order On Promotions, Postings & Transfers Of CCITs , DGCITs , CITs, ADDLs and JCITs (Feb 2011)
- Black Money – Now I-T Officials to Join world economic body OECD
- Govt to Reveal Black Money Holders’ Names after Cases Filed
- Applications are invited till 28th February, 2011, for admission to CS Executive Programme conducted by ICSI
- ICAI solicits views on SEBI Discussion Paper on Outsourcing of Activities Related to Intermediation Services
- Application of AS 30, Financial Instruments – Recognition and Measurement, for the accounting periods ending on or befor
- ICAI elects New President and Vice President for 2011-12
- Vodafone’s ruling can be used in favor of assessee if supported by proper documentation
- Manufacturer who is also service provider not required to maintain separate CENVAT accounts
- Apex Court can strengthen the legal system in this Country beyond criticism?
- LIC Launches non-linked plans Bima Account I and Bima Account II
- Anand Sharma Announces Exports Incentives for more than 600 Products
- Ministry of Information & Broadcasting Clarification Regarding PRB Act
- Revised Limits For Filing Appeals By Department Before Appellate Authorities
- Regarding anti dumping duty on Barium Carbonate originating in, or exported from, People’s Republic of China
- Amends Notification No.94/2006-Customs, dated the 7th September,2006 thereby continuing anti-dumping duty on imports of Cellophane Transparent Film originating in, or exported from Peoples Republic of China – Notification No. 5 /2011-Customs,
- Manager of Canara Bank sentenced for causing loss of Rs.1.97 Crore to the bank
- DGFT Circular on Export of Onion in cut, sliced or broken in powder form
- Get Income tax Refund for E-Filed Return for A.Y. 2010-11 by 31st March 2011
- Income Tax Refund without verification, if difference in amount claimed and 26AS is less then one lakh
- Date of filling of ITR-V extended to 31st July, 2011
- A brief on exemptions available to SEZ unit or SEZ developer from CST under CST Act 1956
- Section 195 – If payment has no element of income chargeable to tax in India then TDS not deductible
- PLASTIC WASTE MANAGEMENT RULES 2011
- Regarding Prohibition on Export of Non-basmati Rice – exemption for export of Sona Masuri, Ponni Samba and Matta rice
- Regarding Prohibition on Export of Non-basmati Rice – exemption for export to Bangladesh
- Regarding- Prohibition on export of Onions – Exemption for export of Bangalore rose onions and Krishnapuram onions
- DGFT- Allocation of cotton yarn export not being made today
- Investment in non-Government Securities- Non-Convertible Debentures (NCDs) of maturity up to one year by standalone Primary Dealers (PDs)
- Election Commission asks Income Tax dept to keep tabs on suspicious cash flow
- Section 80CCF- India Infrastructure Finance Company Ltd (IIFCL)- Long Term Infrastructure Bonds
- Black money – Names will made public after cases filed
- ICAI signs MOU for Insurance against Professional Indemnity for CAs
- Integrated Professional Competence Examination (IPCE)/Final examination-May 2011 Application Form – How to Fill Roll Num
- Blackmoney issue-Now I-T officials to join OECD
- US frustrated over pace of opening up of Indian economy
- India inks pact with BV Islands for tax info exchange
- Govt now allows BCCI duty free import for WC
- Centre to compensate states for Rs 7,029 cr CST loss
- Amendments to the coinage Bill 2009 approved
- Recapitalization of Regional Rural Banks (RRBs) to improve their Capital to Risk Weighted Assets Ratio (CRAR)
- Press and Registration of Books and Publications Bill 2010
- ICWAI – President’s Communique – February 2011
- Insurance – Exposure Draft on Schemes of Arrangement and Transfers of Non-Life Insurance Business
- Budget 2011 and GST
- Catch-26 – Dishonesty at Premium
- Service Tax – Once the Committee of Commissioners accepted the Order-in-appeal, the question of reviewing the Order-in-Appeal does not arise
- Service tax – Consequent to amendment of Section 35A (3) w.e.f. 11.05.01, Commissioner (A) has no powers of remand
- CA PCC and IPCC November 2010 Exam Toppers
- Shashi Kant Sharma takes over as Secretary, Department of Financial Services in The Ministry of Finance
- Pass percentage of candidates passed in November 2010 PEE-II, PCE, IPCE exams
- ADAG stocks falls heavily as audit firm complains against RCom
- Govt relaxes norms for filing accounts, fixing CEO salary
- 2G spectrum scam- Govt may finally agree to form JPC
- ICAI Signs Memorandum of Understanding with the Canadian Institute of Chartered Accountants
- SEBI – Arbitration mechanism of stock exchanges – Applicability of the provisions of the Limitation Act, 1963
- Press Note No.5/2011 dated: 08/02/2011 – General Exemption under Section 211 08/02/2011
- Re-opening of pension option to employees of Public Sector Banks and enhancement in gratuity limits – Prudential Regulatory Treatment
- IT industry seeks extension of tax exemption under STPI
- Govt likely to challenge ITAT ruling on Bofors case
- Bombay HC defers hearing on Vodafone Plc’s petition
- Service Tax on Renting of Immovable Property- SC Requests HC to hear and dispose pending writ petitions as expeditiously as possible
- A special post for all of those who cleared CA IPCC Exam
- SEZ – Clarification on Rule 47(3) of SEZ Rules, 2006 – Duty for sale of power from SEZ to DTA – INSTRUCTION NO. 75, DATED 7-2-2011
- SEBI – Request for “Interpretive Letter” under the SEBI (Informal Guidance) Scheme, 2003 regarding acquisition of shares by promoters under regulations 11 (1) and 11 (2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 (SAST
- SEBI Board meeting PRESS RELEASE NO. 24/2011, DATED 7-2-2011
- India taking steps to low sensitive lists for free trade
- CII for agriculture tax incentives in Budget 2011-12
- Stop looking for sops; Mukherjee to exporters
- Finance Minister Releases Report of Task Force on Transaction Cost in Exports
- Report of Task Force on Transaction Cost in Exports – Highlights
- General Circular No – 2/2011 – dated 08.02.2011 – Direction under Section 212(8) of the Companies Act, 1956
- Scheme of 1 Percent interest subvention on housing loans up to Rs. 10 lakh
- CBI Arrests a Sub-Divisional Engineer of BSNL accepting bribery
- Section 4 of the Special Economic Zones Act, 2005 – Renaissance Designbuild Private Ltd.
- Another scam- Auditor probes ISRO deal
- Press Note 04/02/2011 – Easy Exit Scheme, 2011
- The IT Strategy for GST
- Growth in GDP at Market Prices at 9.7 Per Cent for 2010-11
- India and Isle of Man Sign Tax Information Exchange Agreement
- Net Direct Tax Collections Register Growth of 20.37 Percent During April 2010 –January 2011
- Exclusion of certain topics in the CA Final Examination to be held in May, 2011
- ICAI asks Big Four audit firms not to buy out Indian cos
- Do we really need the Auditor General’s office?
- Empanelment of Chartered Accountants and firms for Audit of UCBs and Co-operative Credit and other societies of Maharash
- LIC infra bond issue unlikely this fiscal- Chairman
- FM rules out giving names of black money holders abroad
- Legal order must constantly adapt itself to change- PM
- Directions Under Section 212 of the Companies Act 1956 Amended by Ministry of Corporate Affairs
- General Exemption Under Section 211 of the Companies Act 1956 Notified
- Unlisted Companies shall not Require Government Approval for Managerial Remuneration where they have no Profits
- New dimension to TDS provisions
- Budget 2011 – Bridging Gap between Present and Proposed Indirect Tax Structure in India
- Understanding TDS with Latest Judicial Judgements
- CCI (Manner of Recovery of Monetary Penalty) Regulations, 2011 notified – NOTIFICATION NO. R-40007/REG-RECOVERY/NOTI/04-CCI, DATED 08-02-2011
- Stay Application should not be disposed of in a routine manner unmindful of the consequences flowing from the order
- Assessee forced to pay the tax – tax deemed to be paid under protest – Service Tax Refund Claim not barred by limitation
- Service Tax on recipient of service from abroad applicable only with effect from 18.04.2006
- Service Tax penalty under Section 76 may not be justified if penalty had already been imposed under Section 78
- Appeals filed by Trig Detective Pvt Ltd. restored by Bombay High Court as appellant hands over a Pay Order of the pre-deposit amount of Rs. 3 crores ordered by CESTAT
- Raise income tax exemption limit to Rs 3 lakh – Survey
- India has highest transfer pricing litigations – E&Y Survey
- CFI demands service tax exemption for power projects
- MCA may inspect books of 39 cos barred by Sebi
- ‘Many listed companies lack professional approach’
- EPFO may resume investment in LIC Housing Finance
- ED to register money laundering case in Citibank fraud
- There is nothing in language of section 13(1)(b) to suggest that an institution of mixed objects is precluded from getting registration under section 12AA
- Depreciation cannot be allowed on membership card of Stock Exchange
- Assessment beyond a period of four years can not be re-opened where there is full and true disclosure of all material facts by assessee
- If assessee has made a full and true disclosure of all material facts for his assessment, action of re-opening assessment beyond a period of four years would stand barred
- A dress designer is an artist for purposes of section 80RR
- CESTAT not right in holding that the service provided by a consignment agent not covered by section 65(25) of the Finance Act
- Donations out of 15 Percent accumulation permitted under section 11(1)(a) are not to be restricted by Explanation to section 11(2)
- Determination of ALP- TNM Method requires comparison of net profit margins and not operating margins of enterprises
- Ingredient about a bona fide claim is that assessee should be able to show or prove some intermediate steps in whole process of transaction; if it is not able to give evidence in respect of any step in whole process of transaction then it can be said that explanation furnished by assessee is not bona fide and is nothing but a bald claim for purposes of section 271(1)(c)
- If assessee had claimed certain depreciation to which it was not entitled, recognition under section 80G cannot be denied
- Penalty proceedings- Mere submitting a claim which is incorrect in law would not amount to giving inaccurate particulars of income of assessee
- When assessee commits default under a bona fide belief which is rectified by filing a revised return, it cannot be held liable for penalty under section 271(1)(c)
- Expenses incurred for setting up of a new unit in expansion of an existing business are allowable as revenue expenses
- Assessee in garb of entering hedging transaction cannot seek to enter into speculative transaction in any stocks or shares other than one held by him as inventory
- When assessee exploits a property to derive rental income it has to be held that income realized by him by way of rental income from a building with other asset attached to the building, is to be assessed as `income from house property’ only
- PPF account can be extended beyond 15 years for five years at a time, indefinitely
- Mere membership of banned organisation not a crime- Supreme Court
- Automatic shifting from CA Final(Old) to CA Final(New) Course
- Results of PCE, IPCE will now be declared on 8th February, 2011
- L&T Infra Finance to issue tax-saving infra bonds
- Pranab on black money trail- notices served – prosecution on
- Section 68- Initial burden is on the assessee to explain the “nature and source” of the credit
- Former Prime Minister of the Netherlands, Jan Peter Balkenende, to join Ernst & Young as partner
- ICSI – Schedule for the year 2011 with regard to various Cut-Off Dates for services pertaining to Students
- ICSI – Notice-For compulsory switch over to new syllabus
- Six Weeks Residential Programme for PCC/IPCC/PE-II students/ newly qualified Chartered Accountants from 7th March 2011 at COE, Hyderabad
- IPCC Results Nov 2010 Likely to be announced on 8th Feb 2011
- Recognition of Permanent Diminution in the Value of Investments in Banks’ Subsidiaries / Joint Ventures
- Reopening without proper application of Mind by the Assessing officer is invalid
- Govt has no magic lamp to control inflation- FM
- Nandan Nilekani Submits TAGUP Report to the Finance Minister
- FM Meets Film Industry Delegation as Part of Pre-Budget Consultations
- The Registration of Electors (Amendment) Rules, 2011 To Provide Voting Rights To NRIs
- Easy Exit Scheme, 2011-, Introduced U/S. 560 of The Companies Act, Extended for Another Three Months
- 15 Indians figure in list of black money hoarders
- Income tax department search premises of TDP MP Nama Nageswara Rao
- Insurance – Guidelines on Outsourcing of Activities by Insurance Companies
- Insurance – Creation of Reserve for Unexpired Risk (URR) by the Non-life Insurance Companies for Health Segment
- Increase in income limits for assigning cases to DC/AC/ITOs to benefit taxpayers in small city
- Indian banks chase companies to foreign shores
- Amendment brought out in Section 40(a)(ia) are clarificatory in nature and retrospective w.e.f 1st April 2005
- Money advanced to shareholder for specific purpose cannot be treated as deemed dividend under section 2(22)(e)
- Books of Account – Companies Act, 1956 – allegations of mismanagement and connected issues?
- China Forgets European Humiliation-Joins for a New Start
- Allowability of Set off of brought forward business against the profits on sale of business assets which are assessed to
- Payments for using segment capacity in a transponder for uplinking/downlinking data not taxable
- In case of export of service, relevant date is the date when the payment of service exported has been received by the assessee
- China Comes to Rescue
- Locking of TIN No. under rule 51A of PVAT Rules
- Tax Payable in works contracts under Punjab VAT Act 2005
- IFRS – Euphoria over certain doom
- Talented young lawyers should not leave Court practice and should strengthen the Judiciary?
- On Line Articles Placement Portal Reopened for selection of Articled Assistants by CA Firms w.e.f. 29th January, 2011
- Vodafone contests Rs 11,000 cr tax claim on Hutchison deal
- Indian Government makes another amendment to the provident fund (PF) regulations
- Consideration paid for goodwill on acquisition of running business is eligible for depreciation
- Extension of date for registration for IPCC
- Instructions regarding income limits for assigning cases to Deputy Commissioners/Assistant Commissioners/ITOs
- Filing stay application before the lower authorities is directory and mandatory for filing stay application before ITAT
- Easy Exit scheme extended upto 30th April, 2011
- SEBI bars 39 entities from accessing securities market
- Kerala HC gives nod for country’s first Islamic bank
- Amends Determination of Origin of Goods under the Preferential Trade Agreement between Member States of ASEAN and the Republic of India Rules, 2009
- Priyanka to pay Income Tax on Rs 6 crore and Kasbekar on Rs 4-crore
- Allowability of premium paid in excess of face value of investments under HTM category
- ‘Market rate’ for inter divisional notional transfer price cannot be based on rate determined by the Regulator
- RBI sponsored survey revises GDP growth to 8.7 pc in FY’11
- Allowability of Contributions to superannuation fund, not in the nature of initial or ordinary annual contribution
- Air travellers and courier service companies under Income Tax department scanner
- U.K. Sinha Appointed as Chairman of SEBI
- CPC commences issue of Income Tax refunds for AY 2010-11 returns
- Interest on refund- Where proceeding resulting in refund is not delayed for reasons attributable to assessee, interest under section 244A cannot be denied
- VAT Cir – 3T of 2011 – Extention of Due date for Filing Form 704 for FY 2009-10
- Concealment penalty cannot be imposed merely on ground that Tribunal disallowed the expenditure
- Income limits for assigning cases for Deputy Commissioners / Assistant Commissioners / ITOs enhanced
- Govt may hike Income Tax Exemption limit in Budget
- Budget may have roadmap for new private banks
- RBI circular on classification of loans against gold jewellery
- Notification No. 7/2011 – Customs (N. T.) Specify tariff on Crude/CBD Palm Oil/Palmolein, Poppy seeds, Brass Scrap etc
- Conditions and modalities for applications for grant of quota for export of cotton yarn
- Guidelines for import and supply of precious metal by the Nominated Agencies
- ICAI clarifies- No preponment of May 2011 Exams
- Empanelment of Chartered Accountants/firms for Audit of Credit and Other Co-operative Societies
- Empanelment of Chartered Accountant firms for Audit of Urban Co-operative Banks of Maharashtra – Last Date 14th February, 2011
- ICAI announces tentative timing of results of PCE and IPCE examinations held in November, 2010
- Section 65(24b) of the Finance Act, 1994 – Cleaning Activity Service – Fumigation of export cargo in compliance of export obligation – Whether taxable under ‘cleaning services’ – Corrigendum to Circular No. 132/1/2011-ST, dated 12-1-2011
- Section 4A of the Central Excise Act, 1944 – Valuation of excisable goods with reference to retail sale price – Abatement provisions extended to packaged or canned software – Corrigendum to Notification No. 30/2010-CE(NT), dated 21-12-2010
- Explanatory Notes to the Provisions of the Finance (No. 2) Act, 2009 – Corrigendum to Circular No. 5/2010, dated 3-6-2010
- I-T dept alerts airport intelligence units, seizes diamonds at IGI airport
- Money Matters- CBI files chargesheet against Sharma, others
- Govt to announce sops for exports soon- Sharma
- India, Norway sign revised treaty to check tax evasion
- Seven lenders hike interest rates by up to 50 basis points (Half Percent)
- Govt considers raising FDI limit in defence sector
- FM Expresses Confidence Over the Performance of Economy and on Meeting the Growth Projections for the Current Year
- Govt announce dates for Budget 2011-12 and budget session
- Deloitte’s Troubles Bubble To Surface
- It’s Time for Tax Planning- Part- I
- Summary of Provisions Relating To Refunds under Punjab Vat Act 2005
- Download Income Tax Form 3CB (Tax Audit Report) in Excel Format
- Download Income Tax Form 3CA in excel format
- Tax credit for tax withheld cannot be denied to the payee upon subsequent refund of the TDS to the deductor
- Acquisition and Transfer of Immovable Property in India by a Person Resident outside India- Faq
- Brought forward losses for making adjustment to book Profit U/s. 115JB means losses on the last day of the immediately p
- Recognition of permanent diminution in the value of investments in banks’ subsidiaries/joint ventures
- Regarding Import of inputs under Advance Authorisation (AA) and Duty Free Import Authorisation (DFIA) issued SIONs E-1 & E-5
- CPT On-line examination in year 2011- ICAI not declared any date due to technical issues
- D K Mittal appointed Corporate Affairs Secretary
- Hyper-technicalities give bad name to judiciary
- Govt constitutes Panel to explore self disclosure of income
- Trademark Plea- HC refuses relief to Hindustan Sanitaryware
- Date of Filing of Audit (e-704) for the period 01.04.2009 to 31.03.2010 is extended upto 15.02.2011.
- Interest on fixed deposits effectively connected with PE is taxable as Business Income
- Transfer Pricing- Supernormal profit making companies should be excluded from the comparable set
- Rejection of Accounting Method followed by Assessee which was accepted in Assessment of earlier Year
- Delhi HC on Provisional attachment to protect revenue u/s. 281B in the case of VLS Finance Ltd & ORS. Versus The Assistant Commissioner of Income Tax
- Whether HC can exercise its jurisdiction under Article 226 pertaining to sufficiency of reasons for formation of belief u/s 147 of the I-T Act 1961?
- Authorised Dealer not liable to deduct tax on remittance to non-resident of sale proceeds representing short term capita
- Snapshot of the status of India’s Social Security Agreement with other countries and underlying comparison/implications
- Cabinet may relax private banks voting rights – report
- Insurance- Spurious calls identifying themselves as IRDA Employees in a bid to sell Insurance policies
- Insurance – Valuation of Premium Receivable from Central / State Government for Computation of Solvency Position
- I-T dept mulls raising appeal filing limits
- Budget 2011-12- I-T exemption limit may get enhanced
- Investment Option under Direct tax Code (DTC)
- Tax deductor is entitled to interest on delayed refund when it is ordered to deduct tax even though no such liability ex
- CIN (Corporate Identification Number) for Companies- How it is structured?
- HDFC’s V S Rangan named best CFO in financial sector
- AZB most active legal advisor; E&Y transaction advisor in 2010
- Operators may miss unsolicited calls deadline
- Annual Financial Inspection – Priority Sector Loans – Mis-classification by Banks
- Black money – FinMin panel on voluntary compliance
- India not to rush into allowing FDI in retail – Official
- CBI files case against Biotor Industries for fraud
- Government of India issues revised guidelines on Conference Visa
- Outsourced clinical trial expenditure is not eligible for weighted Research and Development deduction
- Software industry – will the new notifications reignite the controversy?
- Withholding tax not required on payment to non-resident agents of artists in absence of a permanent establishment
- Setting-off of sundry debtors against sundry creditors and applicability of TDS on payment for use of computer system to
- Prepayment of sales tax deferral loan on payment of net present value of future liability cannot be classified as remiss
- Applicability of Limitation on deduction of expenses u/s. 44D on consideration other then Fees for Technical Services
- ICAI to submit report on accounting frauds
- UK Minister has ‘serious concerns’ over Big Four’s audit dominance
- Right of nominee to the exclusion of others
- Order of the Court approving amalgamation is a “conveyance” and an “instrument” on which stamp duty is payable
- Contract for sale of moveable property amounts to conveyance and is subject to stamp duty
- Analysis of Amendments to SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 [ICDR Regulation]
- Regulatory Framework Governing Core Investment Companies Issued by RBI- An Analysis
- Goodwill paid for commercial rights in the form of knowhow, technical information, etc. are eligible for depreciation
- Outstanding receivables from international transactions held to be within the jurisdiction of TPO
- CCIT Personally Responsible For Timely Filing Of Appeals – CBDT Chairman
- Income Tax officials to raid Katrina Kaif’s bank locker
- VAT implications on Intra State Stock Transfer – Life after Delhi High court decision in Havell’s and ITC
- PayPal follows RBI to restrict e-payment to Indian merchants
- Banks to impose penalty on premature closure of FDs
- ICAI Convocation (II)-2010 for the newly enrolled Members for the period from March, 2010 to August, 2010
- Procedure regarding Transfer / Transshipment of cargo
- CUSTOMS Notification No 04/2011- Further amends Notification No. 21/2002 – Customs, dated 1st March, 2002
- Customs Notification No 03/2011- Further amends Notification No.153/2009-Customs, dated 31st December, 2009
- Rate of exchange of conversion of each of the foreign currency with effect from 1st February, 2011
- Notification No. 5/ 2011-Customs (N.T.)- Appoints Common Adjudicating Authority
- Notification No. 4/2011-Customs (N.T.)- Appoints Common Adjudicating Authority
- CUSTOMS Notification No 03/2011 (NT) – Appoints Common Adjudicating Authority
- Switzerland to share tax information with India- official
- Reopening U/s. 148 without service of reasons to the assessee before the expiry of period of 6 years renders reopening invalid
- Regarding Amendment in para 60 and 72(6) of the Employees Provident Fund Scheme, 1952
- List of CA Institute’s Publications relevant for May, 2011 Examination
- Transfer Pricing – Reimbursement of incentive paid to employees through Indian co.
- Priyanka Chopra has unaccounted assets worth Rs 6 crore – IT Dept
- President’s Message – February 2011
- ICAI inks MoU to train accountants in UAE
- Katrina Kaif claims no unaccounted income or unaccounted lockers declared
- No VDIS scheme for those who stashed black money abroad – Gove Clarifies
- Once the tax is deducted at source, the same cannot be levied once again on the assessee who has suffered the deduction
- Upcoming changes to PayPal User Agreement for India With effect from 1 March 2011
- Civil Court’s jurisdiction in respect of SARFAESI proceedings?
- Women power comes to the fore – ICAI
- It dept claims it detects Rs 11 cr undeclared wealth at homes of Priyanka, Kasbekar’
- SC asks govt to ascertain source of black money
- Sebi to impart financial skills to home makers, students
- Treat corp funding to political parties as expense – ICAI
- RBI Circular provides Relaxations in Branch Authorisation Policy
- RBI notification defining “Small Account” and prescribing rules related to opening of the same
- Establishment of Connectivity with both depositories NSDL and CDSL – Companies eligible for shifting from TFTS to normal Rolling Settlement- CIR/MRD/DP/ 01 /2011
- Empanelment of Schools/ Educational Institutions for holding May-2011 CA Examinations and CPT June-2011
- 50 DoT officials under CVC scanner for graft
- Income Tax Scrutiny- Dept upgrading system to avoid scrutiny of Assessee for transaction done in one year in year after
- Approval of International Advanced Research, Centre For Power Metallurgy and New Materials (ARC-International), Hyderabad under section 35(1)(ii)
- Section 90 of the Income-tax Act, 1961 – Double Taxation Agreement – Agreement for Exchange of Information with respect to taxes with Bermuda
- Open market operations not debt mgmt tool – RBI
- Govt plans to strengthen service tax regime and plug loopholes in various sectors
- Construing ‘consent’ under section 399 of Companies Act, 1956?
- Assocham calls for gradual transition to avoid hiccups’
- Govt plans to widen the scope of wealth tax in Budget 2011-12
- More efforts needed to increase FDI inflows to country- RBI
- Where assessee files its return u/s 44AD, it is not under obligation to explain individual entry of cash deposit
- Depreciation on assets acquired out of foreign currency loans – Depreciation on account of enhanced cost due to fluctuation in foreign exchange rate is an allowable claim
- Cross-border services- Prior to 18-4-2006 services rendered by a non-resident service provider to a resident recipient could not be taxed as a service at the hands of the resident recipient
- The CIT must give reasons and basis for his conclusion that the order sought to be revised is erroneous
- Profit on frequent purchase and sale of shares in short period by assessee has to be treated as `income from business’
- Payment made for renewal of DOT licence should not fall under section 35ABB as it would fall more appropriately u/s 37
- Just because creditors/share applicants could not be found at address given, it would not give Revenue the right to invoke section 68
- Roaming charges paid by telecom service providers not in the nature of ‘rent’ which attracts withholding tax
- Upon amalgamation rights of amalgamating company devolve upon amalgamated company
- FEMA- Participation by Full Fledged Money Changers (FFMCs) and Authorised Dealers Category-II (ADs Category-II) in the Currency Futures and the Exchange traded Currency
- Govt considering Voting rights for NRIs
- Synopsis of Foreign Contribution (Regulation) Act, 2010
- RBI’s subsidiary model will raise foreign banks’ tax liability- experts
- Regulatory framework for Core Investment Companies notified
- Sebi, RBI on watch for illicit Swiss money coming back home
- Taxation of procurement activity undertaken by a foreign company through a liaison office in India
- Section 210A of the Companies Act, 1956 – Constitution of National Advisory Committee on Accounting Standards – Notified Committee
- Government Removes Shri Suresh Kalmadi and Shri Lalit Bhanot from OC , CWG 2010
- Pass- through costs that are incurred for non value- added purposes should not form part of the cost base while determin
- Press Statement by Ministry of Finance on the issue of black money
- Finance Minister Presents Presidential awards to Officers of Customs and Central Excise and Directorate of Enforcement
- RBI Circular on Liquidity Adjustment Facility – Repo and Reverse Repo Rates
- RBI Circular on Standing Liquidity Facilities for Banks and Primary Dealers
- NPA due to Bank’s mistake – remedies available to the Borrower – SARFAESI Act – a Case Study
- Satyam scam- ICAI to hold disciplinary meetings in Hyderabad
- Restriction on export of Cotton yarn- Exemption for export of cotton yarn manufactured out of imported raw material
- Withdrawal of DEPB benefit on export of Skimmed Milk Product (SMP), Casein and any other Milk Product.
- Consensus on GST may take time Says Pranab Mukherjee
- RBI hikes key rates by 0.25 Percent, retains GDP forecast at 8.5 percent
- Purchase price of generic unpatented APIs from associated enterprises can be benchmarked against the price of same APIs
- Amount withdrawn from revaluation reserve and credited to the Profit & Loss account cannot be reduced from the book prof
- Administrative expenses can not be disallowed under section 14A
- High Court has power to review its judgement u/s 260A
- Transfer Pricing – Super-normal profit cos must be excluded from comparables. DRP must not pass cursory / laconic orders
- New format of Consent To Act As Director of a Company under the Companies Act, 1956
- Shri R. P. N. Singh Assumes the Charge of Minister of State for Corporate Affairs
- Tax collection targets for the current financial year increased
- Govt. Strategy to tackle the menace of illicit funds
- RBI releases Discussion Paper on Presence of foreign banks in India
- Third Quarter Review of Monetary Policy 2010-11 Press Statement by Dr. D. Subbarao, Governor
- RBI- Third Quarter Review of Monetary Policy 2010-11
- PCC, IPCC Results likely to be declared on 5th February, 2011- ICAI
- Despite RBI hike Home, auto, corporate loan rates not to rise now
- India may have to wait till 2012 for Swiss info on black money
- Black money trail – Can’t disclose names, says FM Pranab Mukherjee
- Once workmen became eligible for gratuity, then, the entire length of their service must be counted
- CBI Arrests a Manager of Food Corporation of India for accepting a bribe of Rs.50,000/-
- CBI Charge sheets 2 Managers of Union Bank of India and 4 Others for Causing Loss of Rs.15.23 Crores to the Bank
- CA and three others held for bank fraud by police
- Satyam fraud result of corporate governance failure not of accounting or auditing failure – ICAI
- What do the credit card numbers mean and how are they generated?
- Advance tax is payable in case of companies liable to pay tax on book profits
- Deduction claimed u/s, 80-IA not to be reduced from the profits of business while computing deduction under section 80HH
- Provision for bad and doubtful debts which was not allowed in full in assessment cannot be taxed as income of the year o
- Tax holiday not available to a foreign branch carrying on-site software development and full-fledged marketing operation
- Profits from off-shore supply of equipment would not be taxable if transfer of title to purchaser takes place abroad- De
- Repairs and mobilization of rigs not to be included for the purpose of calculating 120 days to constitute an installatio
- Application by the taxpayer to seek normal appellate remedy does not tantamount to withdrawal of DRP application
- Announcement – Last date for submission of physical/on-line forms for PCE, IPCE and Final Examinations – May 2011
- RBI Hikes Repo, reverse repo rates by 25 bps
- Discontinuance of CA Final Examination under the old syllabus
- Procedure for verification of answer books of CA-Final, PCE, IPCE/ATE-Units, Examinations- Nov 2010 and CPT- Dec 2010
- You may now become a First Impression Executive
- Micro Credit -A Lifeline for the Poor
- FAQ on Commercial Paper
- FAQ on Compounding of Contraventions under FEMA, 1999
- CAG Empanelment – Frequently Asked Questions
- Tax collection to exceed target by Rs 37,000 cr during 2010-11
- Income Tax raids on Katrina Kaif and Priyanka Chopra
- Prosecution – validation of provisions of Chapter XXC – Compulsory purchase by central government – section 269UA – extension of lease period
- Gift in kind taxable only if received on or after 1-9-2004 under the provisions of Section 56(2)(v)
- Once provisions of Municipalities Act are applicable to notified area then they gets covered by clause (ii) of section 10(20)
- Surrender of Us-64 for conversion into UTI tax free bonds would not amount to transfer for purpose of section 45
- Amounts receivable by a British company (EMEIA) from the applicant under the Area Services & Market Development Agreement not liable to be taxed under the I-T Act as fee for `included services’ or as business profits under Indo-UK Treaty
- The percentage of female and male candidates passed in PE-II, PCE and IPCE and list of toppers
- No substantial question of law would arise especially in a situation where a finding of fact is not demonstrated to be contrary to the evidence on the record
- It is not permissible for the Assessing Officer to place himself in the position of the management of the assessee and take it upon himself to decide how much would be a reasonable expenditure for a particular business purpose
- Merely by carrying out processing which result into same commodity, there will not be any manufacturing or production for purpose of section 10B
- Notice u/s 143(2) served after the expiry of limitation of time not valid
- Where assessee has filed returns after search and has not disclosed income in original return, Explanation 5 to section 271(1)(c) cannot give immunity to assessee
- If a Municipality is not notified by the Central Government, the agricultural land falling therein cannot be treated as capital asset by taking the distance from the limits of other Municipality
- Indian Retail – Reason behind The fall of Subhiksha and Vishal!
- Renting of Immovable Property-There shall be no recovery of service tax from the service provider in respect of renting of immovable property alone
- If book results are not rejected, AO has no alternative except to accept the book results
- Mere disclosure of any income or loss without disclosing particulars of income or loss cannot be said to be a full and true disclosure of facts for determining total income under IT Act
- Now, get refund on all air tickets cancelled two hours prior to the flight departure.
- Execution of erection, installation and commissioning of power lines from one point to another point – Prima facie service tax is leviable only from 16.6.2005
- Forthcoming changes in eTDS Filing
- Custom Duty Notification No. 1/2011- Customs (N. T.) amends Notification No. 36/2001 – Customs (N.T.), dated, the 3rd August, 2001
- Served From India Scheme (SFIS), Review thereof- DGFT Notification No. 17 (RE-2010)/2009-2014
- Appendix 41 – List of Services eligible for benefits under Served From India Scheme (SFIS)
- NOTIFICATION NO. 04/2011- Scientific research expenditure – International Advanced Research, Centre for Power Metallurgy and New Materials (ARC-International), Hyderabad get approval under section 35(1)(iii)
- Housing prices may fall by up to 20 per cent in Mumbai and Delhi-NCR in next 6-8 months
- High food inflation effect- ‘RBI may raise policy rates by up to 50 basis points’
- Wholly-owned subsidiaries (WOS) will raise tax liability of foreign banks
- DGFT’s new cotton export license policy for transparency
- Unique Code Nos to CAs check fraudulent practices
- Black money – Liechtenstein rejects help to India
- Sachin Tendulkar is Coke’s ‘Happiness Ambassador’
- IT department’s website vulnerable to malicious attacks- NTRO
- Analysis of CA Final Exams held in Nov-2010 and CPT (Paper-pencil mode) held on 19th Dec-2010- Toppers, Pass Percent etc
- Two Income Tax officials held for accepting Rs 4,000 bribe
- Delay in filing of return should not be a reason to deny the assessee’s claim of exemption u/s 10B(1)
- Cause of Action and Limitation to file a Petition under section 397/398 of Companies Act, 1956?
- Left to govt- Confiscate black money in Swiss Bank
- India seeks Liechtenstein help in black money trail
- TDSAT asks Videocon to pay 60 percent penalty; admits case
- FDI in multi-brand retail may open with 51 Percent cap
- IPO guidelines for life insurers to be ready this fiscal – Irda
- Now British company sells samosas to Indians in India
- ‘Vodafone wants 100% control at artificially low value’- Essar Group
- RBI wants banks to shift to chip-based ATMs
- CWG Scam- IT department searched Wizcraft International Entertainment
- Supreme Court slams Sibal on telecom audit remark
- IT raids prominent pan-masala, gutkha manufacturers
- CPT students who passed December 2010 exams register immediately to appear in IPCE November, 2011 exams
- CBI Arrests a Deputy Manager of State Bank of India for accepting a bribe of Rs.30,000/-
- Bank Manager and Three other sentenced for duping 58 lakh
- IT department visited RBI to inquire about its failure to deduct TDS of more han Rs800 crore
- Swiss panel gives nod for new tax treaty with India
- Pass percentage of CA Final and Final (New) Examination held in November-2010 and CPT -(Paper-pencil mode) held on 19th
- Result of CA Final and Final (New Course) Exam and CPT (Paper-Pencil Mode) held in November/December, 2009 declared
- No quick fix solution to bring back black money – PM
- Vodafone tax dispute will be settled amicably- British government
- Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 196 Eligible projects or schemes, expenditure on – Notified eligible projects or schemes- NOTIFICATION NO. S.O. 3021(E)
- Notification No. 90/2010- Scientific research expenditure – National Council for Applied Economic Research, New Delhiget approval under section 35(1)(iii)
- Notification No. 91/2010- Scientific research expenditure – Indraprastha Institute of Information Technology, New Delhi get approval under section 35(1)(iii)
- Notification No. 92/2010- Scientific research expenditure -Indira Gandhi National Centre of the Arts get approval under section 35(1)(iii)
- Section 144C of the Income-tax Act, 1961 – Reference to Dispute Resolution Panel (DRP) – Constitution of new DRP for specified places
- Section 4 of the Special Economic Zones Act, 2005 – Omnibus Industrial Development Corporation of Daman and Diu and Dadra and Nagar Haveli Ltd.
- Section 4 of the Special Economic Zones Act, 2005 – G.P. Realtors Pvt. Ltd
- Section 4 of the Special Economic Zones Act, 2005 – G.P. Realtors Pvt. Ltd.
- Haryana to exempt SEZ developers from local taxes
- Black money info can’t be made public-PM
- Save Income Tax – IDFC Infra Bond – Tranche II
- Valuation of Physician samples manufactured and distributed as free samples under Central Excise Valuation Rules, 1975
- RBI circular on Regulatory Capital Instruments – Step up option
- RBI restricts Housing finance exposure of Co-Operative Bank to 5 percent from earlier 10 percent
- RRBs – Minutes of Meeting of Committee on Investor Education and Protection Fund
- RBI revised Service Charges for Cheque Collection – Local, Outstation and Speed Clearing
- RBI circular on Credit Support to Micro Finance Institutions (MFIs)
- ICAI and CPT result 2010 would soon be available online and Through SMS
- Clubbing of many loan Accounts/transactions – Bank’s ‘Right of lien’ – SARFAESI Act, 2002?
- How to select Tax Saving Mutual Fund
- It department may issue refund within a month
- Is it possible to deal with ‘Uncle Judges’ problem?
- What is Mobile Number Portability (MNP) and how to switch from one operator to other?
- New Mines Law likely to be introduced in Budget Session: Patel
- PM’s Address at the Launch of Mobile Number Portability Across India
- Shocker- Incentives to IT, other services export withdrawn
- Coal Regulator Bill to be introduced in Budget Session
- ICAI Announcement relating to new Study Materials for CA Final Course
- Cabinet Reshuffle- List of Ministers and Portfolios
- FM Holds Pre Budget Consultations with Finance Ministers of all States and Union Territories
- SEBI – Discussion Paper on outsourcing of activities related to Intermediation Services
- All about Speed Clearing of Cheques
- Aadhaar (UID) may reduce the SIM activation Process time to 5 minutes from 3 days
- Income Tax dept recovers Rs 44 cr from commodity traders
- Government set to raise threshold for independent audit of corporate transactions
- Johnny and Service Tax Refund (Series-II)- Part 7 – “Refund on other services”
- CA Final and CPT results to be declared on 21st January at 2 PM
- Regarding Service Tax exemption for Janata Personal Accident Policy
- Norms for Execution of Bank Guarantee in respect of Advance Authorization / Duty Free Import Authorization (DFIA) / Export Promotion Capital Goods(EPCG) Schemes – reg.
- Salaried taxpayers with no other income may get exemption from IT return Filing
- New President and Vice-President of ICSI for 2011
- Govt tells SC it can probe only 18 accounts out of Information received from LGT bank of 26 Accounts
- 360 cr found in raids on IAS couple
- Citibank fraud -Income Tax department summons duped HNIs
- Govt may soon announce Voluntary Disclosure of Income Scheme (VDIS)
- TDS Credit Right of Payee- The Refund Made To the Tax Deductor, Even If Wrongful, Has No Adverse Impact on the Rights of the Assessee
- Amendments to Central Sales Tax Act, 1956- VAT Cir – 2T of 2011 –
- MVAT Notification for Mandatory e-payment for Six Monthly returns w.e.f. 31.03.2011
- MVAT Notification for Amendment in Rule 54
- MVAT Notification for Change in Schedule Entry C-39
- Brief on Guidelines for mutual fund investments made through Third party and Cheque from other banks
- Satyam auditors asked to appear before Sebi on Feb 5
- ICAI provides exemption from Payment of Fees to top 10 rank holders
- CPT June 2011 Examination – ICAI notifies Examination dates, For Filing Date, Examination Centre, Fees etc
- New Trademark Rules (search gets free and Application gets costly)
- ICICI debit card Customers can withdraw cash 1000/- per day from shops
- Reveal Swiss bank account holders’ names – BJP
- Infosys plans to appeal against arbitrary order, Industry Surprised by the order
- Anand Sinha to take over as Deputy Governor of RBI
- ICAI – Important Announcement on Empanelment for the year 2011-12
- ICAI Comments on SEBI Report on Review of Ownership and Governance of Market Infrastructure Institutions (MII)
- ICAI Convocation for the newly enrolled Members for the period from March, 2010 to August, 2010
- Export of handicraft and artware items under Drawback Scheme – Circular No. 7/2011-Customs
- Addendum to the Circular No. CIR/IMD/FIIC/1/2011
- FAQ on Mutual Funds
- Labour ministry sticks to its ground on 9.5 percent payout on PF
- Govt expects over Rs 300 crore TDS and service tax from IPL-4
- I-T dept busts Rs 150 crore ‘ponzy scheme’ in West Bengal
- Unions protest Finance Minister’s opposition to 9.5 percent PF rate
- SEBI – Reporting of Offshore Derivative Instruments (ODIs)/Participatory Notes(PNs) activity
- Balancing inflation with growth tough- RBI
- Commerce, Textiles Min differ on cotton export quota
- Govt to frame strict norms for wealth management advisors
- BOA grants extra time to 20 SEZ developers to execute projects
- Direct tax collection to exceed Rs 4.3 lakh crore target
- Finance Minister to meet regulators for pre-budget consultations
- ‘India 4th largest in Asia for illicit money flows’, China Tops the list
- The 5th Meeting of the Indo-UK task Force on Corporate Affairs held in New Delhi
- FM holds Pre Budget Consultations with Financial Sector Stakholders
- Campus Placement Programme for newly qualified Chartered Accountants February-March, 2011
- CBI Registers a case against a Member Revenue Board (an IAS Officer) of Chhatisgarh Government, Bank Manager and Others
- CBI Registers a case against Assistant Commissioner, Superintendent and Inspector of Central Excise for Corruption
- Update on Empanelement for Audit of Urban Co-op. Banks and other Co-op. Societies
- ICAI issues Exposure Draft on Framework for the Preparation and Presentation of Financial Statements (Revised 20XX)
- Company Secretaries Examinations – June, 2011 -Time-Table & programme
- DGFT- Non-requirement of submission of Proforma Invoice – Amendment in ANF 2B
- Import of Natural Rubber under the Tariff Rate Quota (TRQ) Scheme in the current financial year 2010-2011 under Para 2.59 of HBP Vol.I, 2009-2014
- Re-Credit Certificate for Re-export of defective / unfit goods and/or Re-assessment of Debited Duty and/or re-exports on account of any other reason
- Dgft clarifications on issues pertaining to EPCG Scheme raised in the Port Officers’ Meeting held on 03.12.2010
- UCBs – Accounting Procedure for investments – Settlement Date Accounting
- Centralised Funds Management System (CFMS) – Extension of timings
- Provision of 0.25 Percent for standard assets of NBFCs
- Enforcement of penal provisions for non-submission or delayed submission of returns
- Result of the Information Systems Audit [ISA] Assessment Test
- Procedure for Sale or Auction Sale of ‘Secured Asset’ under the provisions of SARFAESI Act, 2002?
- Goodwill is an intangible asset u/s 32(1)(ii) of Income Tax Act, 1961 and eligible for depreciation
- IFRS likely to be promulgated by early next month
- Govt allows Online Search of Trademark /patents and increases filing fees for patent and trademark application
- Finance Ministry rejects 9.50 percent interest rate Proposed by Labour Minister for 2010-11
- Indirect Tax Collections up 42.8 Percent During April –December, 2010 75.7 Percent of Budget Estimates Achieved
- FM Holds Pre Budget Consultations with Economists
- Application of provisions of Section 5A(1A) of the Central Excise Act, 1944-reg
- BCCI no more a National Sports Federation and have to pay duty on goods imported
- SC Judgment on applicability of Interest U/s, 234B/234C on tax payable u/s. 115JA/115JB
- Raid on sister concern not ground for terminating contract
- Successor Company gets rights to initiate debt recovery proceedings
- SC- Arbitrator bound to give reasons for award and if he does not do so, the award becomes invalid
- Highlights of Long Term Infrastructure Bonds U/s. 80CCF of Rural Electrification Corporation (REC) Limited
- SC set aside levy of anti-dumping duty imposed on imported tyres
- Foreign arbitration award enforceable in India according to the Arbitration and Conciliation Act
- Compensation for land acquired to be based on fair market value not on auction sales value- SC
- Only dealer can claim refund of tax Paid by them on Sale of Goods – SC
- Insurance company liable to pay compensation till vehicle owner’s name is in register
- Appeal against levy of central excise dismissed
- Service providers under licence from AAI are liable to pay service tax
- IDFC tax-saving long-term infrastructure bonds- Major Highlights of second tranche
- IDFC infrastructure looking to come out with a retail bond issue in next fiscal
- India faces surging inflation, says RBI
- NGOs urge FM to ban fake organisations
- How to look at the issue of ‘membership’ under section 399 of Companies Act, 1956?
- Sebi considers higher quota for mutual funds in IPOs
- Budget 2011-12 – Tax rate structure expected to remain same
- Budget 2011-12- Tax Exemption Limit u/s. 80C may hiked to Rs. 120000
- Labour and Finmin views differs on Employee provident fund (EPF) withdrawals restriction
- Infrastructure company use hawala bills to inflate sales figure
- Sales tax evasion racket in Mumbai used hawala bills to save tax on transactions worth Rs 700 crore
- Consolidated FDI Policy Circular- issue of third edition on 31st March, 2011- regarding
- Some banks not monitoring use of loans- RBI
- Citibank fraud – RBI probes possible violation of KYC, STR norms
- Empanelment with Navodaya Vidyalaya Samiti of CA Firms for Internal Audit Work
- Depreciation allowable on Assets forming part of Block of Assets even if same not used during the year
- Even if commercial transaction is at arms’ length, debt overdue for long period attracts transfer pricing interest
- No Disallowance u/s. 14A of interest on borrowed funds if AO does not show nexus between borrowed funds and tax-free investment
- Exception provided in both the provisos of s. 92C(2) with regard to the +/- 5 Percent variation applies only when more than one price is determined
- Minor irregularities (non-production of vouchers) cannot be a ground for rejection of renewal of recognition of a charitable trust under section 80G
- A computer software when put into a media and sold, it becomes goods like any other audio cassette or painting on canvass or book and amount paid by assessee towards purchase of such computer software from a Singapore company cannot be treated as payment of royalty taxable in India under article 12 of DTAA between India & Singapore
- Payment for warding off competition in business even to a rival dealer will constitute capital expenditure and to hold them capital expenditure it is not necessary that non-compete fee is paid to create monopoly rights
- When assessee makes a provision of interest in its account, in account of creditor, provisions of section 194A would be applicable
- Holding period for purposes of computation of capital gain is relevant only in relation to shares held as investment
- Insurance – Updating policyholders about change in network hospitals and TPAs
- ADAG – No ban by Sebi; settlement terms voluntary
- Unless a sense of hierarchical discipline is observed, while implementing fiscal legislation, exercise of powers would be rendered arbitrary and subject to whim and caprice of Assessing Officers
- Award of an arbitrator under Arbitration and Conciliation Act, 1996 would fall within ambit of “transmission by operation of law” as envisaged by second proviso to section 108 of Companies Act
- An unregistered private trust cannot open a Demat account in its name and in the name of Gods or Goddesses
- Raising a legal claim, even if it is ultimately found to be legally unacceptable, cannot amount to furnishing of inaccurate particulars of income.
- When an assessee-company exploits its property to earn income in form of rent, rental income received by assessee is chargeable to tax under head “income from house property” and not under head “profits and gains of business”
- Merely because assessee has made some legal claim which has not been accepted by A.O. that will not amount to furnishing of inaccurate particulars of income
- A business centre cannot be said to be a `house’ for purposes of clause (3) of section 2(ea) of Wealth-tax Act
- In order to attract provisions of section 41(1)(a), there must be a remission or cessation of the trading liability and consequently a benefit must enure to assessee
- Conditions prescribed in clauses (a),(b) and (c) of sub-section 7 of section 94 are intended to be cumulative in nature
- In the absence of failure of the assessee to disclose fully and truly all material facts necessary during his assessment under sub-section (3) of section 143 no action can be taken after the expiry of four years
- When Banks claim deduction of bad debt written off in previous year by virtue of proviso to section 36(1)(vii), they are entitled to claim deduction of such bad debt only to extent it exceeds provision created and allowed as deduction under clause (viia)
- Invoking provisions of section 80-IA(10) does not arise in case there are no transactions by assessee with any other person
- INDO-UAE DTAA: Mere physical presence of non-resident’s vessel in territorial waters of India pursuant to hiring of vessel on Bareboat Charter terms by applicant does not, without anything more, constitute a permanent establishment
- Housing project for purpose of section 80-IB(10) does not include construction of commercial establishment carried out by another entity in that area
- Indo-Mauritius DTAA – Applicant is not liable to be taxed in India on proposed transfer of its shares in an Indian Company to its wholly owned subsidiary company in India
- Year from which option has been exercised u/s 80-IA(1) is to be treated as initial assessment year for purpose of section 80-IA(5)
- Indo-German DTAA – As per new Treaty, income from supervision activity like construction & installation of a project is to be treated as income of PE provided that said activity continues for a period exceeding six months as per article 5(2)(i) of DTAA
- For purposes of clause (iv) of Explanation 1 to section 115JB, extent of reduction in respect of deduction available under section 80HHC has to be computed strictly in accordance with provisions of section 80HHC
- Activity of preparing bouquets from natural flowers does not bring into existence commercially a different product and hence is not `manufacture’ for purpose of section 2(17) of Bombay Sales Tax Act, 1959
- Provisions of TDS Chapter (Chapter XVII) are relevant only for ascertaining deductibility of tax at source and not for actual deduction and payment for attracting provisions of section 40(a)(ia)
- R&D expenditure has to be apportioned between agricultural and non-agricultural activities and portion attributable to non-agricultural activities is to be allowed as deduction in computing taxable income
- Bad debt – Amount receivable by a share broker from his clients against purchase of shares when not recovered can be allowed as bad debt
- Penalty is leviable within meaning of Explanation 1(B) to section 271(1)(c) in respect of alleged gifts received by minor sons of assessee which are finally found transferred to assessee’s books
- As long as an AO has taken a possible view of a matter after applying his mind to facts of case and legal provision, view so taken cannot be subjected to revision proceedings under section 263 merely because the Commissioner has a different view of that matter
- Activity of procuring customers for foreign principal cannot be brought within scope of definition of `C&F Agent’ u/s 65(25) of Finance Act, 1994
- Empanelment of CA firms with MMTC for Internal Audit assignment for FY 2011-12
- ICAI will probe only conducts of its member in R-Infra and RNRL Case
- CBI arrests SBI Dy Manager for taking bribe
- How to ascertain ‘oppression’ under section 397 of Companies Act, 1956?
- ICWAI – President’s Message – January 2011
- Housing Price may decline in Mumbai and May go up slightly in Delhi – CRISIL
- Punjab National Bank e-payment facility
- No section 14A disallowance for personal tax-free investments if business expenditure not disallowed on ground of being for personal purposes
- SC to proceed against Prashant Bhushan in contempt case
- Dispute Resolution Panel (DRP) Constitution w.e.f 12.01.2011
- SEBI directs Reliance Infra to not to appoint Price Waterhouse for 3 yrs
- Cause of Action to Appeal to DRT continues at various stages under SARFAESI Act, 2002?
- Tax deduction from Works contracts only to be on the taxable turnover involved in the works contract under Punjab VAT Ac
- Mandatory e-returns for employers registered under Profession Tax Act, 1975
- Examination dates for CA final, PCC, IPCC, IRM announced
- ICAI announces PCE/IPCE/CA Final May 2011- Exam dates, Form Filing Dates Centre and other details
- Result of the Assessment Test held on Sunday 28th November, 2010 for the Certificate Course on International Taxation organised by the Committee on International Taxation of ICAI in Hyderabad, New Delhi, Mumbai, Chennai, Kolkata-(14-01-2011)
- Near Final Indian Accounting Standards (IND ASs) released by ICAI on 14-01-2011
- Govt orders redeployment of IRS officers to meet tax target
- RBI Circular- End Use of Funds – Monitoring
- Pendency of cases will be curtailed from 15 to 3 years says Dr. Veerappa Moily
- Tariff value of Edible Oils, Brass scrap and Poppy Seeds Notified
- SEBI bars Anil Ambani from stock investing
- Inflation, uncertain global environment main concerns – Pranab
- RBI will take right action to stablise prices – Pranab
- Vodafone made no capital gains- British envoy
- Citi fraud – Puri sent to 14 days’ judicial custody
- ‘Internet provider fails to deliver what they advertise’
- National Summit on Networking and Capacity Building of CA Firms at Mumbai
- Corporate Affairs Minister unveils sweeping plans to meet IFRS deadline
- PwC provides top 10 questions for audit committees
- Petition under Section 397/398 of Companies Act, 1956 – Importance of Prayer – a Case Study
- ICAI – Suggestions on Direct Tax code Bill 2010
- Government to impose entertainment tax on cricket, movies in Rural Areas
- SC stays Delhi High Court order on recovering service tax on renting of immovable property for commercial use
- I-T department to examine complaints of ‘ghost employees’ in Games Organising Committee
- Section 65(24b) of the Finance Act, 1994 – Cleaning Activity Service – Fumigation of export cargo in compliance of export obligation – Whether taxable under ‘cleaning services’
- CBI registers graft case against 3 Excise officials
- BCCI violated RBI’s foreign investment guidelines
- FIPB approves 19 FDI Proposals
- FM holds Pre Budget Consultations with Different Non Governmental Organisations
- Government Takes Steps against Price Rise
- Retirement benefit can not be denied to employee even if charges against him are pending
- IT Dept to process more than 40 lakh refund cases before April this Year
- TDS from salary for financial year 2010-11
- Section 90 of the Income-tax Act, 1961 – Double Taxation Agreement – Agreement among the Governments of SAARC Member States for avoidance of double taxation and mutual administrative assistance in tax matters
- ICAI press release on International Conference 2010-11
- Recognition of Chartered Accountancy Qualification by National Law School of India University (NLSIU), Bangalore for reg
- DGFT- Procedure relating to tracing and tracking of export consignment of pharmaceuticals and drugs- regarding
- SEBI – Introduction of Derivative Contracts on Foreign Stock Indices
- SEBI – Format for application to SEBI for opening of wholly owned subsidiaries or entering into joint ventures in other
- Constitution of Approval Committee for such SEZ notified during 2006 to 2008 without simultaneously notifying constitution of Approval Committee and deemed status of Inland Container Depot for SEZs
- Raise IT exemption limit to Rs 3 lakh in 2011-12- Trade Unions
- A Snapshot of CBI’s Performance For 2010
- Input Service Credit – The Epicentre of Controversy
- Appeal–Only when substantial question of law involved–When finding of fact would give rise to question of law
- Citi fraud- Puri’s remand further extended till Jan 14
- FM may not cut taxes; continue with stimulus
- Income Tax department asks Shah Rukh Khan to pay tax on villa gifted by Dubai Co
- Sebi begins finalising bourses’ ownership, governance rules
- All news Related to Income Tax raids on Onion Traders
- Citi fraud – Funds flowed to real estate sector too
- FM holds Pre Budget Consultations with Different Trade Union Groups
- Shri A. N. Raman of ICWAI takes over as President of the South Asian Federation of Accountants
- FM’s address at 2nd International Finance Conference at IIM Calcutta
- India will be the most preferred destination for Alternative Dispute Resolution
- Export Grows 36.4 percent in December 2010 – Commerce Secretary
- Rising Inflation from Widening Gap Between Wholesale and Retail Prices and the Growing Demand due to Rise in Income Leve
- Industrial growth plunges to 2.7 Percent, Govt. to take corrective measures
- Interest Rates on Rupee Export Credit – UCBs
- UCBs – RBI guideline on Opening of bank accounts – salaried employees
- RBI Guidelines on the Base Rate – Circular No. DBOD.No.Dir.BC.73/13.03.00/2010-11
- ITO caught accepting bribe of Rs 20,000
- Soon companies to rotate their auditors every five years- Salman Khurshid
- Regarding supersession of the notification of the government of India in the Ministry of Finance ( Department of Revenue ) No. 30/2010 – Customs, dated 27th Feb. 2010
- I-T raid seizes Rs 9 cr from Lodha premises- CNBC-TV18
- Handling of Cargo in Customs Areas Regulations, 2009- Circular No.4 / 2011-Customs
- Import of edible / food products – Circular No.3 / 2011-Customs
- Section 14A law laid down in Minda Investments cannot be followed as in the later decisions similar matters have been restored to the file of the AO
- Even in Turnkey Contract, off-shore supply profits not taxable if transfer of title to purchaser takes place abroad
- Govt to set up expert body to check tax leakages
- Section 80-IA(9) cannot be interpreted to mean that s. 80-IA deduction has to be reduced for computing deduction U/s. 80HHC – Bombay HC
- Section 80-IB of the Income-tax Act, 1961 – Corrigendum to Notification No. S.O. 1898(E), dated 3-8-2010
- Section 80-IB of the Income-tax Act, 1961 – Scheme for slum redevelopment prepared by the Maharashtra Government
- Income Tax offices soon in several foreign countries, tax havens
- Citibank fraud- ED seeks FIR, may file money laundering case
- CBI registers PE to probe role of banks in 2G scam
- SC waives Rs 25 crore fee on Vodafone’s deposit for tax dept
- Income Tax Department raids Lodha Group
- Mamata’s New Year Bonanza for Railways’ Lowest Grade Pay Employees
- ‘Private educational institutions with profit motive worrisome’
- Disallowance U/s. 14A Read with Rule 8D- onus on Assessing Officer to show nexus between expenditure and tax-free income
- SC to HAL and Karnataka govt – Resolve Rs 1,519 cr Sales tax dispute
- SEBI allows Indian investors to trade in global indices
- SEBI cautioned market players in dealing with entities and funds from Iran
- Protesting Income Tax raids Onion Trader went on indefinite strike
- Procedure for Interbank Mobile Payment Service (IMPS)
- Onion prices to rise, Income Tax raids continue
- Budget 2011- Govt may not raise taxes, try to streamline international tax
- RBI to hike rates by 50 bps by March
- Directions on Working hours of articled assistants – Regulation 60 of the CA Regulations,1988
- FM Holds Pre-Budget Consultations with Industry Groups
- Download Suggested Answers – November 2010 CA Final Old Course
- Applicability of Interest U/s. 234 on tax calculated on book profits under Section 115JA
- ICWAI – Notification regarding Assessment Year for June 2011 term of Examination
- ICWAI announces address of Polling Booths at Places having more the one polling booth
- Indo-Swiss tax treaty hits bureaucratic hurdle
- India to replace US as 2nd largest economy by 2050 – PwC
- Onion prices ease by Rs 5-10/kg following IT raids on traders
- ICAI, AIA of UK sign joint declaration to benefit CAs and students
- CBI raids 14 Customs officers and one Custom House Agent in corruption case
- They call accounting the language of business- Popular Accounting Terms
- Citi Bank fraud – Sebi probes violation in income proof rules
- FM Starts Pre-Budget Consultations; holds first meeting with Stakeholders from Agricultural Sector
- Third Innings – Section 4A V/s Section 4
- 2011 To Bring More Investment Hopes
- ICAI approaches MCA for amendment of CA Act -Sources
- I-T Dept likely to probe source of funds in Citibank fraud case
- ICAI cautions RBI against doing away with bank branch audits
- CENVAT Credit – Appellant to show only that service relates to his business
- Economist advocates tightening of monetary policy to contain food inflation; FM hopes farm sector growth at 6 Percent
- Govt ask ICAI, ICWAI and ICSI to take swift action against guilty members
- CAG – No discrepancy in the accounts of EPFO
- NPA classification/SARFAESI Act – discretion of Bank/Secured Creditor?
- I-T dept raids wholesale onion dealers across UP
- Sebi warns investors of two Sahara group companies
- Announcement-Suggested Answers-[IPCC] ,Final (New),[PCC]
- IT dept plans new measures to curb tax evasion
- CWG scam – CBI raids 10 places, files fresh FIR
- Irda asks insurers not to charge differential premium
- Govt approves new policy for power allocation of CPSEs
- RBI extends deadline to change base rate method
- If commercial transaction is at ALP, no transfer pricing addition for non-charging of interest on overdue debt can be made
- Applicability of MAT on Revaluation Reserve
- SARFAESI Act, 2002/Debt Recovery Tribunal – important points to be noted?
- Applicability of TDS provisions on Payment of Roaming Charges by a telecom company for the use of telecom equipments
- Latest Amendments to Employees’ Provident Fund and Pension Schemes —More Hardship for International Workers
- Constitutional validity of MAT provisions relating to set-off of lower of unabsorbed brought forward business loss and unabsorbed depreciation
- Amendment in Handbook of Procedure (Vol.I) relating to ANF2D (application form for export licence of restricted items) dispensing with the requirement of submission of export order/Performa Invoice / purchase order
- Regulatory Framework for Core Investment Companies
- DIN number of borrower companies directors to be mentioned by banks while submitting info to Credit Information Companies
- Bofors Scam – Quattrochi case can not be reopened U/s. 148 and 149 of IT Act
- Transition to IFRS accounting norms from April – Khurshid
- Amendment to the Instruction No. 69 containing guidelines to regulate functioning of plastics/Used clothing units in SEZs
- Citibank fraud- under RBI scanner too; 2 more employees identified; Montek Says No regulatory failure
- No tax worse than inflation- Chidambaram
- Coke ropes in Tendulkar for 20 Crore, strikes 3 year deal
- Government Working on Procedures for NRI’s to Vote Soon
- ICAI- Live Virtual Classes
- Election Commission approaches ICAI to frame accounting formats exclusively meant for political parties
- ICAI Awards for Excellence in Financial Reporting
- Conference on XBRL on the 18th February 2011 at Mumbai
- Download Suggested Answers – November 2010 CA Final New Course
- Download Suggested Answers – November 2010 – Professional Competence Course [PCC]
- Download Suggested Answers – November 2010 – Integrated Professional Competence Course [IPCC]
- TPO entitled to substitute ‘CUP’ for ‘TNMM’ to determine arms’ length price. For generic drugs, CUP is appropriate method despite quality differences
- ICAI- IFRS not must for agricultural companies
- SC to waive Rs 25 Crore fee on Vodafone’s deposit
- Banks to allow single ATM transaction for one PIN entry
- IT Dept seeks Rs 1.5 crore in tax from suspended IAS officer
- Notional Interest on deposit not includible in “Annual Value” u/s 23(1)(a) & 23(1)(b)
- Vodafone tax case- No solution so far in Rs. 25 crore court fees issue
- Fees for filing Appeal with CIT (A), ITAT, High Court, for filing Revision petition, For Application with settlement commission and court fees
- Members of the Preofessional Institutes arrested by law enforcing agencies for criminal offences- Directions of Govt
- Finance ministry wants government banks to help cut deficit
- “On-line” submission of application – Clarification regarding use of manual mode for filing application on DGFT’s server
- Prohibition on import of milk and milk products from China
- Quattrochi, Chadha got Commission in Bofors deal – IT Tribunal
- Empanelment of Chartered Accountant Firms for PSUs Audit for the Year 2011-2012 – CAG
- Policy of Empanelment of CA Firms and Selection of Auditors of PSUs
- Provisional release of export – goods detained for investigation- Circular No. 01/2011-Customs
- Classification of Polyester Bonded Fabrics and other Bonded Fabrics – Regarding- Circular No. 2 / 2011-Customs
- Seeks to amend Notification no. 152/2010-Customs dated 31st December 2009 so as to prescribe deeper preferential tariffs for the import of specified goods under the India- Korea Comprehensive Economic Partnership Agreement (CEPA)
- Custom notification providing deeper concession on Petroleum oils and oils obtained from bituminous minerals falling under the tariff item 2709 00 00 of the First Schedule to the Customs Tariff Act, 1975
- Seeks to amend notification no. 153/2009-Cus dated 31st December 2009 so as to provide deeper concessions to ASEAN countries under the ASEAN-India Free Trade Agreement
- Tax officials to keep a close watch on IPL auction proceedings
- SEZ – Creation of Single Window Mechanism for granting various statutory approvals under Environmental and Regulation
- SEBI – Master Circular on Administration of Stock Exchanges, Arbitration in recognised Stock Exchanges and Stock Exchanges/trading platform for Small & Medium Enterprises including guidelines for Market Makers
- SEBI – Master Circular on Matters relating to Exchange Traded Derivatives
- SEBI – Master Circular for Stock Exchanges and Depositories
- SEBI issues Master Circular for Stock Exchange – Cash Market
- SEBI issues Master Circular for Depositories
- SEBI issues Master Circular on Anti Money Laundering Standards/ Combating the Financing of Terrorism
- Sugar Mills in Maharashtra May have to Rs 2,500 crore tax arrears after CIT(A) decided against them
- Government initiates inquiry into Cadbury India’s takeover by US-based Kraft Food
- Oil ind seeks petrol, diesel, ATF inclusion in GST
- Modifications to client code post trade execution
- Changes in clients trade details to attract penalty- SEBI
- Citibank fraud – Puri invested most of funds in derivatives
- Govt examining tax tribunal ruling in Bofors case
- Govt may not increase import duty on edible oils
- FM cautions against window dressing by accountants
- Sahara group matter- Sebi moves SC, Can demand necessary info
- Export in Dollar Terms Grows 26.50 Percent in November 2010
- ICAI Organizes International Conference on Accountancy Profession
- Soon PF account Number will be Replaced by UID
- 300 Companies to adopt IFRS from 1st April 2011
- RBI launches Quarterly Industrial Outlook Survey for January-March 2011
- Second surveyor can not be appointed by Insurance Companies
- ICAI opposes tendering to select auditors for Govt schemes
- Bofors Scam-Now Income Tax Tribunal too exposes Kickback trail to Quattrocchi
- Hero group official arrested in Citibank fraud case
- Citibank fraud – Insider angle tracked
- Dept. of Commerce instructs DCs not to block transfer of used assets into SEZs and issues guidelines for SEZ development
- Easy Exit Scheme, 2011- Key Highlights
- How to calculate Depreciation as per Schedule XIV on second-hand assets
- Accounting Treatment of capital reduction by the investee companies
- Treatment of expenses incurred on restoring the damage caused by fire
- ICSI- Relaxation of time to complete required programme credit hours for the block of three years ending 31.12.2010
- Factoring services may soon be exempt from stamp duty
- Expenses cannot be disallowed on the ground that ratio of sharing of expenses by the parent/associate company is lower than the preceding year
- SEBI – Activity schedule for Auction Session
- Budget 2011- Pranab Mukherjee likely to bring Major change in direct tax laws
- Cash transaction reports on 2G spectrum allocation issue under scrutiny
- Centre plans to bring in five to eight new services under service tax net from next year
- Bank account number is sole criteria to process all inward electronic transactions
- RBI gives more time to Banks for extra security layer in phone banking
- FIPB Recommended Proposals Entailing FDI Inflow of 23700 Crore for approval by Finance Minister During 2010
- Easy Exit Scheme 2011- Salient features
- RBI asks Banks to cap cash deposit charges at Rs 5
- Sebi imposes fine of Rs 25 lakh on Enam Securities
- Audits of government schemes for Public welfare will be subject to peer review
- KPMG appoints two Indians as new audit partners
- Marriage between a Hindu and a non-Hindu not valid under Hindu Marriage Act- Delhi HC
- RBI tightens norms for investment by banks in Non-Convertible Debentures (NCDs) of maturity up to one year
- Major Banks raises deposit and lending rates
- ICAI President’s Message – January 2011
- ICAI launches Live Virtual Classes in 22 Cities
- Subhir Chandra is CBDT chairman
- Amends Notification No. 61/1994-Customs (N.T.), dated, the 21st November, 1994 – Customs airports — Appointment for specified purposes – Notification No. 104/2010 -Cus(NT)
- Amends Notification No. 36/2001-Cus (N. T.), dated, the 3rd August 2001- Palm oil, Palmolein, Soyabean Oil (Crude) and Brass Scrap (all grades) – Traiff Values – Notification No. 103 / 2010-Cus(NT)
- Rate of exchange of conversion of each of the foreign currency with effect from 1st January, 2011 – Notification No. 102/2010 -Cus(NT)
- Now apply for Importer Exporter Code code (IEC) online
- RBI Circular on Investment in Non-SLR Securities- Non-Convertible Debentures (NCDs) of maturity up to one year
- Prudential Guidelines on Capital Adequacy and Market Discipline – New Capital Adequacy Framework (NCAF) – Parallel Run and Prudential Floor
- RBI Notification – Security Issues and Risk mitigation measures related to Card Not present transactions
- Income Tax dept gets info on IPL finances from UK, Mauritius
- CITI Bank Fraud- Hero Group exposure Rs 28.75cr, Police questions CFO
- Citibank fraud- RBI to probe scam
- Corporate Veil can be lifted if attempt is to ‘evade’ taxes
- SEBI (Foreign Venture Capital Investors) (Amendment) Regulations, 2010 – Amendment in First Schedule
- Provision of Budget for balance funds under Scheme of Rupees Export Credit Subvention to Scheduled Commercial Banks – Im
- U/s 254(2) Tribunal entitled to recall order in entirety to rectify apparent mistake
- Income Tax Dept detects tax evasion of Rs 1,900 crore
- India opposes two per cent tax on foreign procurement imposed by US
- ICAI Convocation (II)-2010
- 50 Paise Coins to be Minimum Denomination Coin Acceptable for Transaction from June 30, 2011
- Taxing times ahead for High Net worth Individuals
- Govt likely to announce FDI policy on LLPs in January 2011
- Citigroup investigating transactions at India branch
- Cricketer Harbhajan and Yuvraj defaulted on payment of service tax
- Income Tax Department suspects tax evasion in derivative transactions
- Collection of Statistics on pre-paid instruments
- Issuance and operation of Prepaid Payment Instruments in India – Auditor Certificate on the balances in Escrow account
- RBI Directions for submission of system audit reports from CISA qualified Auditor
- Directions for opening and operation of Accounts and settlement of payment for electronic payment transactions involving intermediaries
- Comprehensive Guidelines on Over the Counter (OTC) Foreign Exchange Derivatives and Overseas Hedging of Commodity Price and Freight Risks
- CBI detains senior Joint Commissioner of Income tax and an inspector for alleged graft
- Corrigendum to Notification No. 14(RE-2010)/2009-14 dated 22.12.2010 regarding export of cotton yarn
- Policy Circular No. 09 (RE-2010)/2009-14- Conditions and modalities for registration of contracts of cotton with DGFT
- Insurance – Recognition of Surplus arising in non-participating funds as profit/loss in the Profit & Loss Account
- SEBI – Establishment of Connectivity with both depositories NSDL and CDSL – Companies eligible for shifting from Trade for Trade Settlement (TFTS) to normal Rolling Settlement
- Amending Notification No. 94/2005-Customs, dated the 20th October, 2005 regarding continuation of anti-dumping duty on imports of certain Rubber Chemicals
- Amends notification no. 10/2008 – Cus – Prescribes effective rate of duty (concessional rate of duty) on certain goods imported from Singapore subject to Origin of goods are of Singapore -Notification No. 131/2010-Cus dated -24-12-2010
- Exemption from Additional duty on specified goods by designated airlines when imported from specified countries-Notification No. 130/2010-Cus dated -23-12-2010
- Anti dumping duty imposed on import of Bus and Truck Radial Tyres- Notification No. 129/2010-Cus dated -23-12-2010
- Lead Bank Scheme – Conduct of State Level Bankers’ Committee (SLBC)/Union Territory Level Bankers’ Committee (UTLBC) meetings
- Public Provident Fund Scheme, 1968 Amendment to Section 9(3) of the Scheme
- Position paper on Identification of tax issues arising out of convergence with IFRS prepared by the Group constituted by
- FICCI Call to Defer Compliance Date of IFRS from April 1, 2011
- China’s top auditor to serve as chairman of UN Board of Auditor
- Johnny and Service Tax Refund (Series-II) Part VI – “Self Certification – An Inflexible Condition”
- Revised AS 7 – ‘Construction Contract’ is applicable to only contractors and not to builders and real estate consultants
- Gujarat High Court decision on the demerger scheme between Vodafone Essar group companies
- Chartered Accountant’s Casino Empire in Nepal may crumble
- Wipro asked to deposit Rs 24 crore as tax on re-export of software
- Government mandates cost audits for over 100 companies for financial year 2010-2011
- Display of logo for promoting a brand not taxable under ‘Business Auxiliary Services’
- ICAI not happy with corporate sector’s demand for deferring the implementation of the IFRS
- Recognition of Chartered Accountancy Qualification by IIM Kozhikode for Registration to Doctoral Programme
- US may impose estate tax on NRIs
- Rejection of E-TDS / TCS Return – Common errors and course of action for Regular and Correction Returns
- Currency ETF-The New Diversification
- Complete your KYC formalities before Jan 1, 2011
- MVAT- Notification for Mandatory E-filing of PTRC Monthly return
- CVC seeks report from MCD on 30 graft complaints
- HUFs can not continue PPF after 15 years
- Work for GST, Not Against It
- TRAI likely to postpone implementation of norms for unsolicited calls
- Income tax department notice to Satyam to get accounts for years 2002/03 and 2007/08 audited
- Monetary and Credit Information Review
- Special Economic Zones (Sixth Amendment) Rules, 2010 – Amendment in Form “C”
- Finance Act, 2006 – Explanatory Notes on provisions relating to Direct Taxes
- Commissioner of Central Excise Commissionerate Versus M/s Cool Tech. Corporation ( High Court Of Punjab and Haryana)
- service tax – If payment is made before adjudication, the quantum of penalty has to be restricted to 25%
- ICAI Extends last date for complying with CPE hours credit requirement to 31st March, 2011
- ICAI extends Last Date for Receipt of Nomination Form for ICAI Awards
- Issuance of Non-Convertible Debentures (NCDs)- IDMD.PCD.25 /14.03.03/ 2010-11
- StCBs/DCCBs – Operation of bank accounts and money mules- RPCD.CO.RCB.AML.BC. No.39/07.40.00/ 2010-11
- Asian Clearing Union (ACU) Mechanism – Indo – Iran trade – A.P. (DIR Series) Circular No. 31
- RBI asks banks to add extra security layer for phone banking
- RBI cuts SLR for RRBs to 24 per cent
- Anti-dumping duty imposed on Chinese telecom equipments
- SEBI challenges CIC order to disclose probe in RIL
- Operationalisation of provisions of Para 5.11.2 of Hand Book of Procedure Vol.-1 (2009-14)
- Achievements of Ministry of Labour and Employment in the year 2010
- I-T department unearths tax evasion of around Rs 86 crore
- Tribunal has the jurisdiction to entertain a fresh plea on subject matter of appeal
- Unexplained expenditure u/s. 69C and Addition under s. 41(1) on the ground that there was remission or cessation of liability
- Capital or revenue expenditure- Market research expenses and Severance cost of employees vis-à-vis closure of business
- Analysis of recent service tax Notifications including Exemption to canned software rescinded
- Banks Can Give up to 90 Percent on Home Loans not exceeding Rs. Rs 20 Lakh
- Financial Position of Appellant cannot be the sole criteria for grant of stay
- Kerala HC-No coercive recovery if first appeal ready for hearing
- Service Tax- FAQ on CENVAT Credit Scheme
- Dispute Resolution Panel should pass a reasoned order/ directions assigning cogent and germane reasons
- Case remanded back to Dispute Resolution Panel (DRP) by ITAT Delhi as DRP directions found to be very laconic and non-speaking
- Taxability of packaged or canned software
- Levy of service tax on sale of residential complex not unconstitutional – Punjab and Haryana HC
- HC upholds constitutionality of levy of service tax on residential complex
- Service tax – Procedures related to Levy, Registration, valuation, Payment, Import and Export, Returns, Interest, Recovery and Penalty
- Reimbursement of expenses cannot be subject matter of disallowance under section 40(a)(i)
- Whenever assessee incurs expenditure for repair and maintenance of a building taken on lease for carrying on its business activity, it has to be allowed u/s 30(a)(i) provided same does not fall in capital field
- When gift is not genuine, addition under section 68 is warranted
- In assessment proceedings pursuant to order under section 263 assessee cannot seek to show that there was some other benefit in favour of revenue which was prejudicial to interest of assessee
- Words “amount on which interest was payable under sub-section (1) or sub-section 3″ do not impose a condition that for interest to be attracted under section 234B(4) interest should actually be levied under original order of assessment under sub-section (1)
- Appraisal report of survey team assist in making final assessment but that itself cannot become a final assessment
- Liquidated damages received by the assessee from the supplier of the plant and machinery on account of delay in the supply of plant is a capital receipt
- Prior to 2006, service rendered by a company cannot be brought under category of Consulting Engineer
- Transfer pricing study of assessee and ALP of international transactions determined on the basis of such study simply cannot be rejected without any cogent reasons
- Second rectification application by either party is maintainable only on issues not decided by Tribunal in any other rectification application filed by either of parties
- Reimbursable expenditure cannot form part of fee payable for technical services under Indo-US DTAA
- Depreciation is to be allowed to the assessee on the `brand’ received by it under the scheme of amalgamation
- Freight and insurance cannot be regarded as costs directly attributable to trading goods within meaning of clause (b) of Explanation to sub-section (3) of section 80HHC
- Exclusion of time stipulated in clause (v) of Explanation 1 to section 158BC would not be applicable in respect of service of notice under section 143(2)
- Receipt of money in bank account not enough to establish genuineness of gift
- If two views possible CIT have to agree with AO’s even if there has been a loss of revenue, Power under section 263 can not be exercised
- Dividend stripping – In cases arising before 1-4-2002, losses pertaining to exempted income cannot be disallowed on ground that same are artificial
- Tax borne by employer on perquisites of employees would constitute non-monetary benefit and is exempt u/s 10(10CC)
- Photography Service- Service tax payable on amount charged for providing such service, which would include value of all materials or goods used/consumed for providing such taxable service
- Sanction of agreement- Rule 78 of Company Court Rules does not require names of all joint holders of shares to be mentioned
- Requirement of furnishing tax audit report under section 44AB was introduced only with effect from 1-7-1995 for purpose of section 271B
- Sale of a depreciable asset in respect of which depreciation was allowed to assessee should always be treated as short term capital gains by virtue of operations of sections 50, 50A and 50B
- It is not necessary that for claiming deduction on account of foreign travel expenses, there has to be some business activity of assessee in foreign countries
- A mere right of occupancy under leave and licence agreement, without any interest in the premises itself, cannot be considered to be sufficient to attract Explanation 1 of section 32(1)
- Promotion of real estate venture by Airlines in air is taxable as Business Auxiliary Service
- Technical assistance and technical know-how received by an Indian company from a foreign company for period November, 1998 to December, 2000 is neither taxable u/s 65(31) nor u/s 66A of the Finance Act, 1994
- It is mandatory for assessee, to follow one of prescribed methods and demonstrate that international transactions, entered into by it, with an associated enterprise, are at Arms Length Price
- Section 115JB is not designed to be applicable to a foreign company, who has no presence or PE in India
- Indo-Singapore DTAA – Mere existence of a PE in India cannot lead to a conclusion that royalties arise in India
- RRBs – Submission of Data to Credit Information Companies – Format of Data to be submitted by Credit Institutions
- RBI circular to Regional Rural banks on Operation of bank accounts and money mules
- RBI Directions for opening and operation of Accounts and settlement of payment for electronic payment transactions involving intermediaries
- RBI circular on Financial Assistance to Senior Citizens, Widows and Handicapped persons
- RTGS System – Use of NEFT Customer Facilitation Centers
- Additional 2 percent Duty Credit Scrip for Export of Grapes under VKGUY Scheme
- IIFCL to guarantee infrastructure companies bond issues under new offering
- Cong leader demands Income Tax scrutiny of companies’ signing MOU with Gujrat government
- I-T Search- l Engineering Company admits to concealing Rs 200 crore
- RBI to banks – Don’t give loans beyond 80 Percent of home value
- Indian Economy resilient to both External and Domestic Shocks but still faces many challenges
- Madras HC rules that disputes on ESI coverage should be referred to ESI court only
- Preferential Treatment to Services Relating to Preferential Location
- Transfer of development rights comes within the purview of section 50C of the Income Tax Act, 1961
- ICAI- Decisions of the Council of the Institute regarding CPE activities
- Third Quarter Review of Monetary Policy 2010-11 on January 25, 2011
- RBI Releases Gist of Comments on the Discussion Paper on Entry of New Banks in the Private Sector
- If Grant of loan is one for the purpose of purchase of capital asset which was also utilised for the same is only a capital receipt
- HC may impose costs but should decide issues on merit rather than dismissing Revenue’s appeal on mere ground of delay- SC
- Central Excise – SSI Exemption not available if Assessee uses another person’s brand name
- Excise Duty -Scope of Notification Nos.49/2003-CE and 50/2003-CE both dated 10.06.2003
- Notification No.101/2010 – Customs (N.T.) – Appoints adjudicatity in the matter of Show Cause Notice issued to Shri R. Ramaraj
- Notification No.128/2010-Customs, dated 22-12-2010
- Asian Clearing Union (ACU) Mechanism – Payments for import of Oil or Gas
- RBI increases LTV Ratio, Risk Weight and Provisioning in respect of Housing Loans by Commercial Banks
- WB raises 12.5 per cent VAT slab by 1 per cent
- How to invest at peak rate in rising interest-rate scenario
- Commonwealth Games Files missing- CBI to investigate
- Govt wants Google to share Gmail’s encryption keys
- Review of steps taken by Ministry of Corporate Affairs during the calender year 2010
- TDS Rates / TDS Chart for A.Y. 2011-12
- Destination charges – When assessee merely collects and hands over documents to consignees, destination charges will not form part of taxable value of storage and warehousing
- Income tax department orders special audit of Commonwealth Games Organising Committee books
- Adarsh Society members fail to reply to Income Tax Department notices
- Amendments in the Sixth Schedule of the Delhi Value Added Tax Act, 2004- Amended Act 2009 (Delhi Act 01 of 2010)
- Declaration of Result – Election to the 11th Council of the ICSI held on 10th and 11th December, 2010
- Online Industrial Licence Tracking/Status Monitoring Facility
- 10th ICSI National Award for Excellence in Corporate Governance, 2010- Award Winners
- Rescission of all previous notifications appointing Director, Software Technology Parks of India as Development Commissioner of IT&ITES SEZs
- Exempts taxable services in relation to general insurance business provided under the Weather Based Crop Insurance Scheme or the Modified national Agricultural Insurance Scheme- Notification No. 58/2010-ST dated -21-12-2010
- Transport of goods by rail – Amendment to notification no. 1/2006 deferred till March 31, 2011 vide Notification No. 57/2010-ST dated -21-12-2010
- Transportation of goods by train – specified activities – exemption extended till March 31, 2011vide Notification No. 56/2010-ST dated -21-12-2010
- Transport of goods by rail – exemption extended till March, 31 2011 vide Notification No. 55/2010-ST dated -21-12-2010
- Amends notification no. 24/2009 – management, maintenance and repair service – exemption extended to repair of roads, bridges, tunnels, dams, airports, railways and transport terminals- Notification No. 54/2010-ST
- Packaged or canned software exempted from service tax, where duty of excise or duty of customs, as the case may be, has been paid- Notification No. 53/2010-ST dated -21-12-2010
- Rescinds notification no. 17/2010 – Exempts import of packaged software where duty of customs has been paid – Notification No. 52/2010-ST dated -21-12-2010
- Rescinds notification no. 02/2010 – Exemption to software where duty of excise was paid- Notification No. 51/2010-ST dated -21-12-2010
- Import of Onions and shallots exempted from customs duty- Notification No. 127/2010-Cus
- Rescinds notification no. 31/2010 – Exemption to packaged software from custom duty- vide Notification No. 126/2010-Cus
- Packaged software or canned software shall be liable to Excise duty subjection to MRP – abatement shall be 15 Percent
- Central Excise Notification No 35/2010- Seeks to rescind Notification No.17/2010-CE dated the 27th February, 2010
- Conditions and modalities for applications for grant of export licence for export of Cotton
- Export of cotton yarn (other than sewing thread) allowed only under License
- Central Government prohibits export of all varieties of Onions
- Cross Border Inward Remittance under Money Transfer Service Scheme (MTSS)- A.P. (DIR Series) Circular No. 28
- RBI Circular on Money changing activities- A.P. (DIR Series) Circular No. 27
- Cross Border Inward Remittance under Money Transfer Service Scheme (MTSS)- A.P. (DIR Series) Circular No. 26
- KYC Norms/AML Standards/Combating Financing of Terrorism/Obligation of Authorised Persons under PMLA, 2002, as amended by PMLA- A.P. (DIR Series) Circular No. 25
- Use of International Debit Cards/ Store Value Cards/Charge Cards/Smart Cards by resident Indians while on a visit outside India
- Service Tax – Eligibility of benefit of exemption notification 12/2003-ST for materials consumed in retreading of old tyres – Pre-deposit fully waived and stay granted
- Service Tax – Credit taken on invoices issued by Input Service Distributor before getting registered – Pre-Deposit Ordered
- Flat Owners – the difficulties with Builders and Agreements – a case study
- Amendments to Equity Listing Agreement Vide Circular Dated December 16, 2010
- Insurance – Expenses of Management
- Insurance-Committee on Commercial Motor Third Party Liability Cover
- Income-Tax Department raids Ahmedabad real estate firm
- Dismissed, convicted employee cannot claim back wages- SC
- Goods and services hired for commercial use not covered by Consumer Protection Act
- All about Cost Audit Branch under Ministry of Corporate Affairs
- List of Companies Liable to Cost Audit for the financial year 2010-11
- MRTP Act- The Director General of Investigation & Registration
- CESTAT cancels service tax demand of Rs 257 crore raised on JetLite
- All villages to get access to banking in next 5 years- RBI
- E&Y faces fraud charges over Lehman Brothers collapse’
- CBEC Releases Draft Scheme of Authorised Economic Operator for Inviting Suggestions
- Ministry of Finance Notification recognises Aadhaar number for Opening of Bank Accounts
- 301ST Council Meet of the Institute of Chartered Accountants of India Begins at Puri, Orissa
- SARFAESI Act, 2002 – order of District Magistrate under section 14 – taking physical possession of Secured Asset – compl
- Pepsi Foods Ltd. – Demand of Excise Department for penalty dismissed
- Railways decides to replace 4-digit numbering system with 5-digit
- Parliament’s Standing Committee criticises government for not doing a review of tax exemptions given to SEZ
- NRI can remit upto 1 Million dollar from sale of inherited property
- EPF – Better investment Option for Future and for Good Return on Investment
- An order executed in parts by exchange can not be considered as multiple transactions
- MAT credit to be set off before computing advance-tax shortfall and liability for Section 234B/ 234C interest
- S. 158BD proceedings without recording written satisfaction void. Statement recorded in search cannot form sole basis for s. 158BD addition
- Reimbursable expenditure received by the assessee cannot form part of the total income under DTAA between India and USA
- Johnny and Service Tax Refund [Series- II] – Part 5- “Condition relating to Time Limit of One Year”
- How to maximise your return with PPF?
- I-T department to open 10 overseas tax units in countries with low tax
- Govt may bring corporate lobbying under RTI
- I-T officer held in Income Tax refund scam
- IOA auditors of Suresh Kalmadi to help CWG probe
- Wiki Leaks PWC Auditors Pressured By Russian Officials
- Continuing fraud perpetrated by PwC in Malaysia for more than eight years
- Parle Bisleri – Plea for benefits of SSI dismissed
- Classification under Tariff Items of the Customs Tariff Act, 1975 in the case of C.C.E.C and ST, Vishakhapatnam Versus Jocil Ltd.
- FAQ on Advance Ruling under the Service Tax Act
- Freedom from British Only To Be Slaves of Ourselves – The Menace of Corruption (abridged version)
- Service Tax- FAQ on Adjudication, Appellate Remedies and determination of tax
- Deduction for technical knowhow cannot be allowed to trading company as it could not be said to have received any technical know how
- Stay application arising out of the order passed pursuant to direction given by DRP is maintainable before the Tribunal even though no application was
- Gujarat HC rejects Scheme of Arrangement on the grounds of tax evasion, non fulfillment of requirements of Section 391/394 of the Companies Act, 1956
- Results of CA Final Old and New Course for November, 2010 Exams likely to be declared on 21st January, 2011
- Bhubaneswar Stock Exchange seeks legal opinion on ICAI findings
- IICA invites Application for the Post of Director General and Chief Executive Officer
- Tax Evasions lead to deceleration in VAT revenues-study
- Big corporates abuse power- Sebi
- FM wants companies to voluntarily adopt good governance and corporate social responsibility (CSR) practices
- Govt not planning to scrutinise Hero Honda deal- Khurshid
- Levy of Service tax on rail freight postponed till 31st March 2011
- Income Tax dept to clear Rs 70,000 crore refunds by March 2011
- Collusion between Bank Officials and Builders – SARFAESI Act – a Case Study
- For Debate – Change In CST Act?
- Can a borrower dispute the outstanding due under section 17 of SARFAESI Act, 2002?
- FAQ on Service Tax on receipt of services from outside India [Import of services]
- FAQ on Export of Services and taxable service used in relation to export of goods
- Section 195- Deductibility of Tax on disputed Payment
- Interest on fixed deposit made for business purpose should be considered as business income and not as income from other sources
- Captive service provider cannot be compared with Infosys Technologies Limited- Delhi ITAT
- Pass-through costs (paid to third party vendors) not to be included in cost base for determining net profit margin
- FAQ s on Convergence of Indian Accounting Standards convergence IFRS
- Income-tax department opens investigations into 15 companies owned by MP Jagan Mohan Reddy
- Spectrum Case- CBI tracks hawala flow into realty
- No video calls without government clearance
- ICWAI 8th National Award for Excellence in Cost Management – 2010
- In case of War widows, handicapped people and similar cases, the law should take a liberal view – SC
- No exemption from custom duty for goods brought in without valid licence
- No time limit for reference of disputes to labour court – SC
- Delay not ground for dismissing petition- SC
- Indian Customs – Tariff Notification No. 124/2010 – Amends Notification No.97/2009-Customs, dated the 11th September, 2009
- CUSTOMS Notification No 100/2010 (NT)- Amends Notification No. 36/2001-Cus (N. T.), dated, the 3rd August 2001
- ICAI Changes CPT Examination Centre at Abu Dhabi
- Conditions and modalities for registration of contracts of cotton with DGFT- Policy Circular No. 06(RE-2010)/2009-14,
- Registration of contracts for export of cotton by the Directorate General of Foreign Trade – regarding
- Allocation of 8,200 MTs of Raw Sugar to USA under tariff rate quota for the year 2010-11 through M/s. Indian Sugar Exim Corporation Ltd, New Delhi
- Amendments to the Equity Listing Agreement- CIR/CFD/DIL/10/2010
- Insurance – IRDA’s Guidelines on trade credit insurance
- ICSI announces National Award for Excellence in Corporate Governance- 2010
- Broad Based Recovery with Contribution from all Sectors Reassures Economic Momentum Has Strong Foundations – FM
- FM Emphasizes need for Greater Integrity in Development, Construction and Marketing of Real Estate Business
- Empanelment of C.A. firms for Internal Financial Audit of DASP for the year 2007-08, 2008-09 and 2009-10
- Top Ten online security threats and Trends in 2011
- Income tax policy would gradually move towards treaty override
- Spectrum Raids- CBI raided 27 places associated with A. Raja and Kanimozhi
- Understanding E1 AND E2 Sales under CST Act 1956
- Vodafone case – government requests SC to waive its 1 per cent commission
- SEBI bars 5 firms, directors
- Tax panel to probe Tata Realty- Unitech deal
- ICAI Awards 2010 Corporate CA Achiever’s Acclaim
- Introduction to Multi-Purpose Empanelment Form (Including Bank Branch Auditors Empanelment)
- Service Tax on renting of immovable properties- Delhi HC Lobs Matter Back To SC
- IRDA Plan To Introduce Demat Account For Insurance Policies
- Revenue Collections from Indirect Taxes Increases by 42.3 percent During April – November 2010
- Announcement regarding ISA AT to be held in Dec 2010
- List of Notified Industrial Parks from 16-9-2010 till date -Section 80-IA(4)(iii) of the Income-tax Act, 1961
- PPF account of HUF can not be extended beyond 15 Years
- Sebi refuses Raju’s cross-examination by Price Waterhouse
- Strengthening of National Advisory Committee on Accounting Standards
- SEBI allows Acceptance of Third Party Address as Correspondence Address
- Tariff Value of Edible Oils, Brass Scrap and Poppy Seeds Notified- Notification No.100/2010-Customs
- Modification of Central Capital Investment Subsidy Schemes for Micro, Small and Medium Enterprises of Jammu and Kashmir
- ICSI National Award for Excellence in Corporate Governance- 2010 to be Conferred Tomorrow
- Freedofrom British Only to Be Slaves of Ourselves- The Menace of Corruption- Must Read
- Payments for reassembling and recommissioning of machinery not taxable
- Meghalaya VAT rate change for Goods falling under Schedule II and liable to tax at 4 Percent
- Bajaj Allianz launches instant tax calculator for mobile phones
- Notification under regulation 3 of the SEBI (Certification of Associated Persons in the Securities Markets) Regulations, 2007 – Obtainment of requisite certification(s) from NISM by certain associated persons
- Security Certification a must for all Government Websites- Sachin Pilot
- PM Reaffirms Govt’s Commitment to Provide Enable Environment Conducive to Corporate Sector Growth
- CBDT Clarification on Tax Scrutiny Of Mergers and Acquisitions Cases
- CAG’s Address at Inaugural Function of National Seminar on Goods and Services Tax- transition Issues
- Govt willing To Consider a Phased Approach for Introduction of GST-FM
- FM Expects Inflation to come down to 6 per cent by March, 2011
- Government approves 08 Proposals of Foreign Direct Investment
- Etds Return Processing- CBDT instructed to ignore short deduction by Small amounts
- PM’s Address at the Inauguration of India Corporate Week 2010
- Though main object is to do business in shares, shares can be held as a capital asset
- CBDT Instructions on Income Tax Refunds for A.Y 2009-10
- Service Tax- Conditions relating to Refund Claim of Rs. 500/- (Part 4 of Johnny and Service Tax Refund -Series- II)
- Alternative Energy-The Quest
- Silver – The New Gold
- Minority Shareholders In A Company – the protection?
- CPC commences issue of IT refunds for AY 2010-11 returns
- Finance Ministry starts probing more than 100 overseas deals for tax evasion
- Department of telecom to issue notice to errant telecom companies from Monday
- CAG suggests Lower Corporate Tax Rates
- A technical paper on “Inflation Indexed Bonds (IIBs)”
- IT Dept may tax over 380 firms under scrutiny for merger and acquisition deals in FY’08
- Levy of interest us 234A, us 234B and us 234C – How much mandatory?
- Penalty u/s 271(1)(c) not leviable – when no provision in statute for penalizing alleged offence
- Accrual of income must be factual and not merely contractual
- Mere Short period of holding shares does not imply that intention was only to trade in security
- Penalty Provisions under the Service Tax Law
- Service Tax Exemption and Related Provisions in brief
- FAQ related to Service Tax Refund
- Service Tax Provisions Related to Filing of Half Yearly Returns and Records to be Maintained by the Assessee
- When clients (recipient of service) do not pay service tax amount, what should be done?
- All about Payment of Service Tax
- Brief Introduction to Service Tax and Service Tax Registration in Question-Answer Mode
- Department of Revenue issues draft Authorized Economic Operator (AEO) Scheme for stakeholders engaged in international t
- I-T department expects to collect Rs 2500-cr in Vodafone case
- Unique Electronic Clearing System -Department of Excise & Taxation, Punjab
- The 191st Meeting of the Central Board of Trustees, Employees Provident Fund Decides to Increase Exposure for Public Fin
- EPFO- FAQ on Special Provision for International Workers
- Inauguration of Income Tax Office at Chinsurah, West Bengal
- I-T department issues notices to Brokers, corporate investors for ‘under-reporting’ of income
- Clarification by Union Home Secretary on Radia tapes
- Income-Tax Department denies leaking Radia tapes
- SC may make public the report on black money submitted by ED
- Extra FSI may reduce realty prices
- What’s in a name? A lot for India Inc during 2010
- CCI wing recommends action against NSE for abusing its dominant position in currency derivatives trade segment
- Sebi to snoop on Facebook, Twitter for stock market probe
- Sebi awaiting government nod for phone tapping
- SEBI officials may be questioned on ‘leaked’ report
- FM praises Income Tax Department’s handling of Vodafone case
- Penal action under Rule 173Q (1)(bb) of the Central Excise Rules, 1944 for wrongly taking credit
- ICWAI- Procedure to Obtain Duplicate Mark Sheet
- Government Cautions exporters on exports to Greece
- Corporate Governance Voluntary Guidelines 2009
- National Advisory Council to examine new RTI draft rules
- Guidelines for merging general insurance companies expected to be out by next week- IRDA
- CAG to set up international centre for environmental audit
- Software Maintenance in the nature of upgradation or enhancement classifiable under ‘Information Technology Software’
- Non-Banking Financial Companies (NBFC) to finalize its balance sheet within 3 months from end of the financial year
- No remission of liability on settlement of deferred sales tax liability at net present value
- Easy Exit Scheme, 2011 – One more Opportunity to Defunct Companies
- Tribunal rules that maintenance of software would be liable to service tax only from 16 May 2008
- ICWAI President’s Message of December 2010
- India as the Next Favourite Destination for FDI
- Convergence of Indian Accounting Standards with International Financial Reporting Standards – Achieving convergence in a
- Rajasthan VAT Return e-filing – Dealers having Turnover more than Rs.50 Lacs in the F.Y.2009-10 are liable to file VAT return electronically
- Insurance – Policy Guidelines for Sharing of Information
- StCBs/DCCBs – Know Your Customer Guidelines – Salaried Employees
- Financial Inclusion by Extension of Banking Services – Use of Business Correspondents / Business Facilitators by Urban Co-operative Banks
- Assocham asks for exemption from service tax on rentals
- Satyam Case- Court records statements of 2 govt officials
- Foreign Remittances – The way to evade tax?
- Proposed Legal Practitioners Act, 2010 may further worsen the situation?
- 52nd National Cost Convention – 2011
- RBI draft guidelines for new bank licences in January
- Reserve Bank of India ups deposit rates by up to 1.75%
- Transport subsidy received by an industrial undertaking under a scheme of Central Government is not eligible for deduction u/s 80-IA
- Conversion of tarpaulin into `tarpaulin made-ups’ would not amount to manufacture u/s 2(f) of Central Excise Act
- Money advanced to subsidiary company cannot be allowed as deduction on writing off the same
- Unless and until gift is connected with profession or vocation, it cannot be taxed
- Routers and switches are to be included in block of `Computer’ entitled to depreciation at the rate of 60 percent
- India-Singapore DTAA – Fee paid to AXA ARC by applicant for receiving assistance such as business support, marketing information technology support services and strategy support etc., does not amount to fee for technical services within meaning of India – Singapore Tax Treaty
- Doctrine of unconscionable contract cannot be invoked for frustrating action initiated by a bank for recovery of its dues under Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002
- Decision of Supreme Court on constitutional validity of National Company Law Tribunals under Companies Act not applicable to National Tax Tribunal Act
- From assessment year 2001-02, provision for bad debts is to be added in book profit while computing book profit u/s 115JB
- Presumption mandated by section 139 of Negotiable Instruments Act, 1881 does include existence of a legally enforceable debt or liability
- After issuance of Circular No.S.O.2561 dated 27-6-1969 under section 16 of Securities Contracts (Regulation) Act, 1956 transactions into securities by (i) Spot delivery contract; (ii) Contract for cash; (iii) Hand delivery and (iv) Special Delivery are only permitted
- Stay Application in ITAT maintainable despite non-filing of stay petition before lower authorities
- CBI arrests IRS probationer and Superintendent of Central Excise for demanding and accepting bribe
- Announcement of Setting up of SICASA Branch at Udupi
- IFRS expected to be effective from April 2011
- Income Tax officials raid 23 BPTP offices
- Clean chit to banks, housing finance cos on foreclosure penalty
- Chartered Accountants Discuss New Ideas in the Field of Social Audit
- Ownership of units – Two or more undertakings under the same ownership – Status of the unit
- RBI Circular on Smart Order Routing – Clarification
- Six Weeks Residential Programme for PCC/IPCC/PE-II students/ newly qualified Chartered Accountants from January 20th, 2011 at Centre of Excellence, Hyderabad
- ICAI – Announcement of Setting up of CICASA Branches at Noida, Gwalior, Beawar, Agra and Bhilai
- Disallowance U/s. 14A of expenditure incurred in relation to exempt income
- Non-Residents are allowed to toggle between the DTAA and the Income tax Act, whichever is beneficial to them
- Payment for procurement of support services from foreign affiliate not liable to tax in India
- An Asset management company can be treated as an agent of non-resident investors
- Sale of Business Information Report by a non-resident can not be treated as ‘royalty’ taxable in India
- Home Loan Interest Rates may go upward by January 2011
- Subscription income received by a foreign entity from Indian clients is not Royalty in accordance with the India-Ireland tax treaty
- Taxability of benefit of waiver of loans and unpaid interest for borrower
- Procurement law in making – Salman Khurshid
- Transfer pricing adjustment can be made only to the international transactions
- Mumbai ITAT rules on deductibility of business expenditure incurred for the purpose of business
- AAR rules on taxability of software payments as per India-Netherlands tax treaty
- Landmark SC decision defining ‘inputs’ in Maruti Suzuki case doubted; issue referred to Larger Bench of SC
- Balances held by State and Central Co-operative Banks with IDBI Bank Limited – Treatment for CRR / SLR Purpose
- Service Tax- Electricity meter installed in consumers’ premises and hire charges collected – whether covered under exemption for transmission and distribution of electricity
- SEBI prohibits 7 companies from accessing securities market
- Hike in tax exemption limit of allowance paid to Operational level employees of transport systems
- IT Department is conducting Investigations of IPL Irregularities
- Ministry of Corporate Affairs to Organize India Corporate Week 2010 during December 14 – 21
- Specimen Signature card for ICWAI members
- Finance ministry wants to make UID compulsory for securities transactions
- E Y Auditor found guilty of tampering with work papers
- Accountant is rated as among the 50 Best Careers of 2011
- Non-aided employees staff credit/ urban credit societies can appoint auditors of their choice in their AGM/SGM-Bombay HC
- If no expenditure has been incurred to exempt income no disallowance under section 14A can be made
- Common Errors made while filling Income Tax returns explained
- Amendment in Paragraph 2.27 of Handbook of Procedures, Vol.I, 2009-2014(RE 2010) regarding import of samples
- Operation of bank accounts and money mules
- Income tax refunds up 6.7 Percent in first eight months
- House panel seeks to delay rollout of IFRS by two years
- Mayawayti demands Rs. 2528 Crore to switch to GST
- Surveillance Cameras in Banks and ATMs
- 17.85 Percent Increase in Direct Tax Collections During April-November Crosses 50 percent of be Target of Rs.4,30,000
- Bill on forward contracts introduced in LOK SABHA
- SARFAESI ACT, 2002 and various complicated issues?
- I-T Dept introduces new facility for online submission of rectification request – CPC BANGALORE
- Anti Dumping Duty on parts/components of Compact Fluorescent Lamps (CFL) from China and Hong Kong as per Customs Notification No.138/2002-Customs dated 10.12.2002 – Regarding
- SEBI asks for physical verification of gold underlying the Gold ETF units by statutory auditors of mutual fund schemes and reporting to trustees on half yearly basis
- RRBs – Opening of bank accounts – salaried employees – RBI/2010-11/298
- Issuance of Non-Convertible Debentures (NCDs)- Circular No. RBI/2010-11/299
- Empanelment of Chartered Accountant Firms for Implementation of Accrual Based Double Entry Accounting System
- NOTIFICATION NO. 81/2010- Section 35AC(1), read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Amendment in Notification No. S.O. 2370(E), dated 23-10-2008
- Notification No. 79/2010- Section 35AC(1), read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes
- NOTIFICATION NO. 80/2010 – Section 35AC(1), read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes
- NOTIFICATION NO. 78/2010 – Section 35AC(1), read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes
- Notification No. 77/2010 – Section 35AC(1), read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes
- SEZ -Clarification on execution of Bond-cum-Legal Undertaking by the SEZ Developer or SEZ Unit in terms of rule 22(1)(iv) of the SEZ Rules, 2006
- SEBI notifies -No preferential allotment to promoter for 1 year on warrant failure, Retail IPO Investment Limit upto 2 lakhs, Advertise filing of offer documents, Uniform allotment in IPO, Companies to decide whether partly/fully paid shares
- Each Unique ID number costs Rs.100- Nilekani
- Easy Exit Scheme Back for Closure of defunct companies- (Applicable from 1st January to 31st January 2011)
- India to look for secret bank accounts in tax havens
- SC issues notice to finance ministry on loan write-offs
- SBI hikes deposit rates up to one and Half Percent
- No tax on additional interest on EPF money
- Discrepancies Noted by Peer Reviewers-ICAI
- Case of impersonation against CA
- Finmin- IFRS only on consolidated accounts of corporate groups
- SBI hikes interest rates on deposits by 50-150 bps
- ASIC accepts enforceable undertaking from auditor of failed Allco Financial Group Limited
- ESCI announcement regarding online Generation of Payment challan and SBI Branches Accepting Conventional Challans
- GST meet likely to be delayed, states want more time
- Life Insurance cos ask IRDA to go slow on regulatory changes
- Sebi asks MFs to disclose get physical verification of gold underlying the Gold ETF done by statutory auditors
- PFRDA decides to take measuresfor to attract voluntary subscribers for New Pension Scheme (NPS)
- No EPFO investment in LIC Housing Finance till investigation ends in bribe for loan scam
- How to go ahead with the legal reforms in India and the connected issues?
- Constitutional validity of levy of service tax on commercial renting and amendment with retrospective effect, i.e., 1.6.2007
- Constitutional validity of the Parliament to levy Service Tax on financial leasing services including equipment leasing and hire-purchase
- Scope of the expression ‘job worker’
- Facebook offers Rs 70 lakh package for IIT Madras students
- DTC to make tax system more predictable- Pranab
- Investments around the world are ready to rock 2011
- Govt begins hunt for 8 public sector bank chiefs
- Now, you can’t buy mutual funds without a PAN card
- CWA and CAT December 2010 Exams Admit Card/Hall Ticket available for download – ICWAI
- Forfeiture of gratuity for loss sustained illegal
- Maharashtra State Co-operative Bank shown Profit of 287 crore instead of Loss of 1043 crore
- Continuity of EEE and EET model of tax savings
- Eligible government employees with a bright career should not be deprived of promotional avenues
- Initial draft of guidance note on cost accounting standard on material cost (cas-6)
- Online payment platform can save government a Rs 1,00,000 crore a year- McKinsey
- Sebi may tighten disclosure norms to check manipulation
- VAT Rate changes in Chandigarh & West Bengal
- CBI website hacked
- Government losing 100 crore a day due to stoppage of production by cigarette companies
- Seeks to provide provisional assessment of import of Bus and Truck Radial Tyres exported by certain companies of china PR
- Prohibition on export of Pulses – Exemption for export of 60 MTs of pulses to the Republic of Maldives
- If a product is “marketable” and has a shelf value, it is liable to excise duty- SC
- Cab operators in Gurgaon and NCR under government authorities scanner for suspected service tax evasion
- Interest on loan paid by foreign company to carry out operation in India is allowable
- Government identifies four more cross border merger and acquisition deals like Vodafone
- CVC Disposed of 830 Cases in October 2010 Major Penalty Proceedings Recommened Against 71 Officers
- SEBI Unified Platform for Electronic Reporting and Dissemination
- All eight accused in bribe-for-loan scam get bail
- Government Plans tougher norms for public sector enterprises board (PSEB)
- CVC sets up anti-corruption hotline
- Views Solicited on SEBI’s Committee Report on Review of Ownership and Governance of Market Infrastructure Institutions
- RBI Governor Pitches for streamlining banking regulations as some provisions are confusing
- Indian banks well capitalised and can comfortably adjust to Basel III norms
- Unique Identification Authority to become a statutory body
- Can Income taxes be any different under Indian Accounting Standard from Indian GAAP?
- Export Turnover under section 10B and non excludability of Expenses incurred in foreign currency on onsite computer software development at the client
- If foundational facts could not be established by way of writ petition, the taxpayer should be relegated to adopt proceedings before various Income-ta
- Notification No. 121 /2010-Customs dated 1st December, 2010
- Notification No. 120 /2010-Customs Dated- 1st December, 2010
- DGFT-Prohibition on export of edible oils –clarification regarding exemptions from export of edible oils- regarding
- NBFCs to finalise their balance sheet within a period of 3 months from the date to which it pertains
- Agriculture sector not to follow IFRS
- Sebi bans Murli Inds, Ackruti City, Welspun-Gujarat Stahl Rohren, Brushmanthree , 3 broking firms
- RBI advises banks to disclose all charges in loan application forms
- RBI may cap bank charges to protect customers
- New GST to be implemented in J-K next year
- Center propose to impose GST on films – Industry opposed the same
- Commonwealth suppliers alleges that an average 15% commission was paid to Organising Committee officials
- 95 officials under CVC scanner for alleged corruption
- No immunity can be granted to ICAI members for Professional misconduct
- I-T dept suspects Radia tapes leaked from telecom service provider’s end
- US BUDGET v/s OTHERS
- Tribunal upholds SEBI order against CA couple for alleged involvement in IPO allotment scam
- Time Table for CS Examinations – Dubai Centre
- If documents asked for are relevant and may help delinquent to prepare his/her defence they have to be furnished
- Foreign travel tax- If any person fails to pay FTT within statutory period of fifteen days, then such person is well within sweep of words “failure to pay” u/s 38(3) of Finance Act, 1979
- An income, so as to be characterized as `derived from’ an undertaking u/s 80-IA, should directly result from its operations
- Cenvat credit of service tax paid on GTA service for transportation of goods to customer’s door steps cannot be denied just because duty on goods has been paid on assessable value determined u/s. 4A of Excise Act
- Section 147 of Income-tax Act – Unless twin conditions of proviso to section 147 are satisfied, notice issued under section 148 is without jurisdiction and on that ground alone notice is liable to be quashed
- Section 35D of Income-tax Act – Premium collected by assessee on issue of its share capital has to be excluded for purpose of determining amount of capital employed in business of company while computing deduction under section 35D(3)
- Section 44BB of Income-tax Act – Not all operations concerning `extraction of mineral oil’ must necessarily be physical operations inside crust of earth for purpose of section 44BB
- Section 37(1) of Income-tax Act – Expenditure incurred for imparting technical know-how to assessee’s personnel has to be deducted under section 37(1) and it does not fall under section 35AB
- While forming opinion that a prima-facie case exists, the Commission has to indicate reasons which need not be elaborate but should be sufficient to show application of mind
- Rule 88(2) of Companies (Court) Rules, 1959 – Appellate Court is bound to accept statement of judges recorded in their judgment as to what transpired in Court and contradiction to such statement made by judge should not be allowed by affidavit or other evidences
- GST – Voltage stabilizer is electronic goods for purpose of taxation under U.P. Trade Tax Act
- Merely because assessee had its own ample resources at its disposal, it cannot be denied deduction in respect of interest paid on borrowed funds
- How to disclose on interest payable under sections 234B/ 234C of Income-tax Act
- Consideration of Loan convertible in equity shares in case of default in calculation of EPS
- How to disclose Share applications received under the “Applications Supported by Blocked Amounts” (ASBA) facility
- Section 14A not applicable if investment in shares not made out of borrowed funds and depreciation allowable on goodwill and non-compete fees
- The perquisite value of Rent Free Accommodation shared between expatriates should be on a proportionate allocable basis
- Back office operations and software development services carried out by an Indian subsidiary is permanent establishment of Foreign Company
- Adjustment of notional royalty, for the know how transferred to Indian company, against the purchase consideration for the products manufactured for t
- Tribunal Confirms Interest Imputed on Inter-Company Receivables Is Includible in Transfer Pricing Assessment
- Mere provision of a dredger on dry lease for carrying out dredging activity in India does not result in the taxpayer having a PE as per the India-Neth
- Income from supply of information relating to various markets should be taxed as business profits under the India-Singapore tax treaty
- Establishment of Connectivity with both depositories NSDL and CDSL – Companies eligible for shifting from TFTS to normal Rolling Settlement- CIR/MRD/DP/ 35 /2010
- Delhi Banks won’t accept cheques with overwriting
- Sebi hiding corrupt brokers from public?
- I quit BSE due to poor corporate governance- Kulkarni
- Realty firms may not be permitted to roll-over the loan taken from Banks
- CBI registers a case against one Advocate and others for indulging in Violence in Court Premises
- Revenue Secretary & CBDT Chairman summoned for turning “deaf ear” to inefficiencies redressal
- Rs 389 crore outstanding loans under CBI scrutiny- LIC Housing
- Capital requirement of Public Sector Banks
- Finance Minister Launches New Website of Department of Disinvestment
- Constitutional Validity and retrospective levy of service tax on renting of immovable property upheld -Punjab and Haryana High Court
- Delhi ITAT rules on constitution of PE in case of outsourcing of services to an Indian affiliate and on attribution of profits to such a PE
- Mumbai ITAT rules overseas taxes not deductible against taxable profits
- Himachal Pradesh CM launches web portal of Excise and Taxation department facilitating e-payment of VAT
- Tariff value for brass scrap and poppy seeds modified – Notification No. 99/2010 Dated, November 30, 2010
- Export of Cotton Yarn not entitled to DEPB benefit under the DEPB Rate Schedule
- DGFT-Amendment/modification of SION S.No.C-739 under Engineering Product Group
- Shortfall in Maintenance of SLR – Additional Liquidity Support under LAF
- Income Tax Dept conducts searches on 30 Ispat premises
- Major changes in Direct Tax Provisions unlikely in Budget 2011
- Post housing loan scam -developers’ dependence on private money-lenders may increase
- Inclusive Development needs to be combined with Consolidation of Public Finances, Financial Stability, Employment Genera
- ’RBI may accept IFRS but won’t leave prudential norms’
- Income Tax returns can’t be basis to fix maintenance
- Bribes-for-loans scam- Banks to tighten norms for sanction of loan to Real Estate Companies
- 11 real estate companies are already under CCI scanner
- Banks want RBI to define teaser loan schemes
- Common Proficiency Test – Proposed amendment in the Chartered Accountants Regulations, 1988
- Whether Higher Stock than Actual Declared to Bank Attracts Additions U/s 69 of the Income Tax Act 1961
- CBI looking into bad debt write-offs by some of the banks and financial institutions involved in Money Matter Bribery Sc
- Announcement Regarding ISA AT to be held in Dec 2010 – (29-11-2010)
- Income Tax Department is releasing 3 new services on the e-filing website
- ‘CAs should be watchdogs of the economy’ – Chairman CBDT
- Know ITR-V receipt status, Income Tax Refund failure status and processing status of e-Returns in respect of return file
- CBI files fresh status report in SC on 2G probe
- Clarification regarding Quantity discounts, bonus quantities, etc. cleared without payment of duty under MRP based assessment – reg.
- Exchange Rate notification for Import / Export of goods with effect from 1st December, 2010
- ICAI President’s Message – December 2010
- Trai to impose hefty penalties on unwanted calls from tomorrow
- Classification of PXI Controllers, Input/Output Modules, Signal Converters and Chassis and its parts-regarding
- Service tax on construction- Gujarat HC issues notice to Centre on service tax
- ICAI- CPT December 2010 Exam Hall Ticket/Admit Card available for download
- Govt examining draft Act for CBI
- FM to Inaugurate Tomorrow a two-day Conference on “Economic Policies for Inclusive Development”
- Sahara Calls SEBI Order Irresponsible, Claims Officials Acted With Malice
- CAG hints at a scam in the environment ministry
- Big 4 Bombshell- “We Didn’t Fail Banks Because They Were Getting a Bailout”
- Section 90 of the Income-tax Act, 1961 – Double Taxation Agreement – Agreement for Avoidance of Double Taxation and Prevention of Fiscal Evasion with United Mexican States
- Companies (Director Identification Number) Rules 2006, (Amendment), 2010-Revision of Form DIN-1 and Form DIN-3, effective from 05-12-2010
- Section 637A(1) of the Companies Act, 1956 – Powers of Central Government or Tribunal to accord approval, etc., subject to conditions and to prescribe fees on applications – Nidhi or Mutual Benefit Society – Amendment in Notification No. G.S.R. 309(E), da
- Govt. Wins – Service tax on Renting Case – P&:H High Court Upholds Retrospective Validation from 01.6.2007
- Johnny and Service Tax Refund [Series- II]-Part 3- ‘Conditions Relating To Port Services’
- Not a Scam but a Case of Moral Devaluation
- ICSI issues Directives/Instructions for the Council/ Regional Council Elections -2010
- The result of Online CPT Examination held in the month of October, 2010 declared
- Government considering introduction of new Bill on emigration
- RBI cautions against money schemes by unauthorised non-banking finance companies
- Assocham proposes to develop 14 industrial clusters in Bihar
- Exemption from disclosure norms can be given by SEBI only- SC
- ICAI may ask members to track end use of loan
- How to Become a Creative Genius
- New study to estimate size of black money
- How NRIs can apply for PAN card in India
- SEBi issues circular for Mutual Funds
- Payment of hire charges on bareboat charter basis is not taxable if the agreement for hire was executed outside India and vessel was delivered / situa
- Pendency, before a statutory forum, of a similar matter in respect to transaction with a different party is no bar to seek advance ruling
- Construction PE clause determines Existence of PE in case of engineering, procurement, commissioning services provider in oil fields Construction
- I-T dept introduces new number for taxpayers for tax filing
- Govt tightens PF norms for overseas workers in India
- LIC’s new premium crosses Rs 50,000 crore during Apr-Oct
- Consideration for strategic consulting services cannot be considered as Fees for Technical Services or Royalty prior to amendment to India-Switzerland
- Supply of software is not transfer of copyright but only transfer of copyrighted article and such payment is not Royalty under India-Israel tax treaty
- Payment received for sale of copyright article does not amount to royalty under the India – USA tax treaty
- Losses on un-matured forward contracts cannot be considered as notional or contingent in nature
- Rules 6(2) and 6(3) of Cenvat Credit Rules 2002 not applicable when assessee is engaged in ‘trading activity’ and providing ‘output services’- Cestat
- Delhi Tribunal seeks to examine board meetings, etc. to decide place of management
- Rejection of application by AO for lower or nil withholding is an ‘order’ eligible for revision by CIT
- TDS wing of I-T department surveys Pharma Companies
- Big Real estate companies under the Income tax Department scanner post bribes for loan scam
- IFRS expected to be released by December-end
- Alleged bogus Income Tax Refunds scam detected in Ludhiana
- Bombay High Court’s Notice Regarding Writ Petition Hearing
- CAP financial benefits earned by independent directors
- Central Bank launches doorstep banking
- Finance Minister’s Address at 42nd Annual Conference of SIRCof ICAI
- ICSI alert to its members regarding unauthorised website
- Bank of Baroda hikes retail term deposit rates by up to 75 bps
- Draft norms on health insurance portability soon
- IRDA fines Tata AIG for failure to adhere to management expense guideline
- I-T dept strikes Rs 50 crore deal with BSNL, gets Blackberry
- Govt may tighten regulatory norms to deal with scams- Khurshid
- Application of provisions of section 5A (1A) of the Central Excise Act
- Allocation of Government debt and corporate debt investment limits to FIIs Circular for Mutual Funds
- Large volume of purchase and sale of shares can not be the sole criteria to treat the same as business activity
- Once charge of misappropriation proved, there cannot be punishment other than dismissal
- India Corporate Week 2010 – A Curtain Raiser
- Corrective Steps on Rupee Rise
- Amount Collected as Education CESS during the last three years from direct and indirect taxes
- Corrigendum to Service tax Notification No. 26/2010-ST, dated 22-6-2010 related to ST on air freight
- RBI will examine the modus operandi of the alleged bribes-for-loans in Housing Finance Scam
- Sebi probes insider-trading in shares of cos party to Housing-Finance scam
- Direct tax arrears touch Rs 2.49 Lakh crore
- ED working in coordination with Income Tax Department for their probe into the overlays contracts award in CWG Scam
- Railway Minister demands extension for the waiver of service tax on railway freight
- Money Matter Scam- Property valuers under CBI Radar
- Submission of information to Credit Information Companies -RBI/2010-11/286
- Constitutional amendment will not be discussed at next meet of State FM
- Assocham demands 50-100 new private banking licences
- NRIs can now vote, Govt issues notification
- sebi- Imperative to lift corporate veil in Sahara fund-raising
- SC asks CBI why Raja and Telecom Secretary not been questioned?
- Sebi suggests one statement for all mutual fund investments
- Advent of APA in TP regime
- Employment visa is not a foreign national’s right- HC
- Income Tax Raids on builder unearth Rs. 80-crore concealed income
- Rajesh Sharma the man behind Money Matters
- A brief on arrest of CA M S Johar in money matter bribery scam
- No time-framing to table constitution amendment bill for GST -FM
- Service Tax on Renting of Immovable Property – SC requests Delhi HC to dispose of Writ Petition
- Check online Articleship Status with ICAI
- Foreign income-taxes not eligible for deduction u/s 37(1). Despite bar in DTAA, credit for State taxes to be given u/s 91 in addition to Federal taxes
- Sebi committee suggests substantial increase in the net worth requirement for stock exchanges
- Loans bribery case- IT department will prove, Minister claims the same is limited to individuals only
- Budget 2010-11 to look into problems on Cenvat credit
- Open Account outside India through Agent may invite trouble
- Companies (Director Identification Number) Rules, 2006 (Amendment) 2010 – Amendment in Forms DIN-1 and DIN-3
- CBDT’s clarification on instructions on Stay of Demand
- SEBI – Submission of report of the Committee for Review of Ownership and Governance of Market Infrastructure Institutions
- Union Budget- Suggestions from the Industry and Trade Associations for Budget 2011-12 regarding changes in direct and indirect taxe
- Insurance – Guidelines on Variable Insurance Products (VIP)
- Shares of Money Matters crashes on real estate scam
- Finance Minister Directs all PSBs, FIs and Insurance Companies to Look into their Exposures to the Various Companies Men
- Ban on Exist Polls
- Ministry of Finance Calls for Reports from PSBS and FIS Raided by CBI Today
- Increase in allowance exemption limit for employee working in any transport system
- Tax Return Preparer (First Amendment) Scheme, 2010 – Amendment in paragraphs 2 and 11
- Retail investors can invest up to Rs 2 L in MOIL IPO
- PwC bagged the ‘India Tax Firm of the Year’ award from the International Tax Review
- Income-tax notice to television channels and production houses for allegedly not deducting TDS
- Delhi HC RejectsPrice Waterhouse partners Appeal to halt disciplinary proceedings initiated against them by ICAI
- Mobile Number Portability – Change Mobile service provider without getting your number changed
- Latest in Satyam Matter from ICAI
- Reopening/revision of annual accounts after their adoption in the annual general meeting
- Reopening/revision of annual accounts after their adoption in the annual general meeting- ROC Circular
- Filing of ROC documents with delay on payment of additional fee
- Change in additional fee to be levied for delays in filing Forms with ROC
- ICAI Awards 2010 Corporate CA Achievers Acclaim
- Growth of Indian Cement market
- Global Indian Car Market
- IRDA norms for new life schemes
- Though assessee shown as “owner” of demat shares in depository’s books, if he shows to be mere “pledgee”, there is no “benefit” u/s 2(24)(iv)
- Foreign artistes are chargeable to tax in India but their agents are not in the absence of PE- ITAT Mumbai
- Former Telecom Minister A Raja’s share investments shot up by 170 percent
- Parliamentary Committee recommends One Rank One Pension
- Age-Limit for Senior Citizens Facilities
- CAG Empanelment of Chartered Accountant firms for the year 2011-2012 for Audit of PSU
- Govt may Notify new accounting norms for IFRS by the end of this year
- Indian Construction and Growth
- ICAI- Result of Online CPT Examination held in October, 2010
- No Role of PM in blocking Subramaniam Swamy’s complaint in the 2G spectrum case- SC
- SC declines to lift Delhi high court stay on recovery of service tax from a company for renting immovable property
- SEBI wants Mutual Funds to ensure quality of debt papers
- 2G Spectrum – CBI collects documents from Corporate Affairs Ministry
- Labour Ministry requests to keep ESI, EPF schemes out of service tax ambit
- Vodafone in talks with foreign banks to provide counter guarantee to nationalised banks in India
- Complaints Received by the Serious Fraud Investigation Office and the Registrar of Companies
- Formation of Financial Stability Development Council (FSDC)
- Regulation of Interest Rates Charged by MFIs
- Cash Handling Charges levied by Banks should be reasonable not more then cost of providing such services
- Tax arrears up 18 per cent to Rs 2.93 lakh crore till March
- Indian-American stores against soft drink tax
- Transfer funds to any bank account via mobile phone
- CAG instructs government not to destroy CWG records till end of audit
- Major aacouting standards on financial instruments are incomplete, unwarranted and some even illogical
- Supreme Court question appointment P J Thomas as the Chief Vigilance Commissioner
- Regarding anti dumping duty on Polypropylene originating in, or exported from, Oman, Saudi Arabia and Singapore
- ICAI issues Revised Guidelines for Training of Articled Assistant outside India
- Electric cars to get cheaper by Rs 1 lakh on Govt incentive package
- VAT refund claims to be cross-checked – Sanjay Bhatia
- Income-Tax and Customs Departments facing nearly 50 per cent staff shortage
- SEBI asks asset management companies to simplify new fund offers
- IFRS leeway to offer realty check
- IRDA will soon issue circular on IPO guidelines for life insurance companies
- Uncertainty in Telecom sector makes bankers who taken exposure in sector worried
- To recover loans bank showing defaulting customers fear of reporting their name to the Credit Information Bureau
- RBI allows Urban cooperative banks to lend more with regard to home loans and advances to the realty sector
- Rollout of Point of Taxation rules likely to be pushed to next financial year
- GMADA fails to deposit advance income tax
- Limited Liability Partnership (Second Amendment) Rules, 2010 – Substitution of Form 10 in the Annexure
- Instruction Contained in Circular of 1995 Modified to Achieve Filing of Documents by Companies with Less Delay
- Statutory Functioning of Competition Commission of India
- Draft Scheme of “On Site Audit” in context of Post Clearance Audit (PCA) for Imports
- Indian power Sector
- Gold and its New Relatives
- Result of Online CPT Examination held in October, 2010
- Law of Arbitration in relation to a proceeding under section 397/398 of Companies Act, 1956?
- Government may cancel 38 telecoms licences as recommended by TRAI
- SEBI to reduce time for initial public offering process from 12 days to a week
- Excise Duty Dispute- SC sets aside tax order favouring bajaj auto
- ITAT rules in favour of Mukesh Ambani in a tax case involving income of over Rs2,000 crore
- SC upholds differential duty hours
- Income-tax – Assessee cannot claim any credit for TDS on income which is not offered for taxation
- Mock Tribunal Turns in Live Tribunal
- Consideration received by Singapore Company on sale of computer software cannot be treated as royalty
- Company or corporation cannot escape liability for criminal prosecution
- Bangalore tribunal ruling upholds transfer pricing adjustment disallowing payment of management charges
- SB of Mumbai Tribunal rules no remission of liability on settlement of deferred sales tax liability at NPV
- If CA certifies payment of ‘off-the shelf software’ not chargeable to tax as a royalty then no penalty/interest can be levied for no prior approval fr
- Offshore supply of equipment on Cost Insurance and Freight (
- Arms’ length testing for distributors – transaction prices vis-a-vis financial results
- US Federal-Build in one Day
- Service Tax on Towers and pre-fabricated buildings – Capital Goods or Inputs – CESTAT declined to follow its earlier orders and grant waiver of pre-deposit
- Oriental Bank of Commerce starts unique ID enrolment process for its customers and Staff
- IRDA may soon issue guidelines for listing of insurance companies
- Section 11 of the Special Economic Zones Act, 2005 – Rescission of all previous notifications appointing Director, Software Technology Parks of India-Bangalore as Development Commissioner of Information Technology and Information Technology Enabled Servic
- Insurance – Interpretation of ‘First Ten Years of Business’ under section 40A of the Insurance Act, 1938
- Prime Minster addresses Hindustan Times Leadership Summit – 2010
- Auditors need to be vigilant in detecting fin irregularities
- Finmin make presentation on DTC Bill
- Provisions for Faster Settlement of Insolvency Cases for Corporates
- Law under section 11 of Arbitration and Conciliation Act, 1996?
- Govt admits irregularities in rice exports
- Sebi may introduce flat fee of 1.5% for equity mutual fund schemes
- Plan your Home Loan Payment Schedule to take maximum tax benefit
- Pesticide content – Supreme Court quashes action against Pepsi
- Exempts goods in relation to generation of power using non-conventional materials – relaxation to projects promoted by states
- Antidumping duty on import of bias tyres, tubes and flaps originating in, or exported from, People’s Republic of China (China PR) and Thailand
- IASB Exposure Draft on Severe Hyperinflation (proposed amendment to IFRS 1)
- IASB Exposure Draft on Stripping Costs in the production phase of a Surface Mine
- IASB Exposure Draft on The annual improvements process- Proposals to amend the Due Process Handbook for the IASB (Comments to be received by November 26, 2010)
- IASB Exposure Draft on Effective Dates and Transition Methods (Comments to be received by December 16, 2010)
- IASB Exposure Draft on Strategy review consultation document (Comments to be received by December 15, 2010)
- Notification No. 34/2010 – Central Excise- Amends notification no. 33/2005 CE dated 8-9-2001
- Invest for Longer Term in Consumer
- RBi adivises bank to disclose all information relating to processing fees / charges
- India writes to 78 countries for amending existing tax treaties and examining black money estimate reports
- Greater Mohali Area Development Authority (GMADA) under Income Tax scanner
- Government Aiming at Double Digit GDP Growth in Medium Term-FM
- Savings Rate is Likely to Rise Further- FM
- National Pension Scheme for Poor Persons
- PPN Scheme in Health Insurance
- 135 Multinational Pharma Companies operating in India
- IRDA gives clean chit to LIC in transfer of profits case
- Govt may ask new telecom operators to pay more to compensate loss
- No plans to invest General Provident Fund in stock market- Finmin
- ‘RBI scrutinising IPL related transactions of banks’
- ‘Company books involved in 2G scam can be inspected’
- CAG reports – ADAG group got undue benefits
- FM selects Officers to head CBDT and CBEC
- ICAI plans organising Indian auditing and accounting sector
- Transfer Pricing – Constitutional validity of provisions – S.92, 92A
- SC annuls High Court’s directions on technical transfer pricing issues relating to marketing intangibles
- Compensation including interest not taxable in the absence of permanent establishment
- CENVAT Credit on input services received at employee residential colony
- Depreciation allowable on payments to acquire skill and know-how of incoming employees as ‘business information’ classified as other intangiblle Asset
- Passing of order by the tax officer not mandatory for filing an appeal under Section 248 of the Income-tax Act, before the CIT (Appeals)
- Selling of shares to reduce liabilities just before the scheme of amalgamation cannot be considered as a colourable device
- Interest on refund has to be granted when withholding tax is paid pursuant to the AO’s order under section 195(2)
- Sale of identical goods to non-AEs cannot be taken as comparable under CUP, if there are significant differences in quantity sold, geography and cust
- Amends Notification No.23/2006-Customs, dated the 6th March, 2006 vide Notification No. 114/2010-Customs
- Rescinds Notification No. 105/2008-Customs, dated the 18th September,2008 vide Notification No. 113/2010– Customs
- Section 23 of the Banking Regulation Act, 1949- Relaxations in Branch Licensing Policy
- Maximum Limit on Unsecured Loans and Advances
- 50 percent list companies fails to dematerialise at least 50 Percent of the non-promoter holding
- Section 35(1)(ii) of the Income-tax Act, 1961 – Scientific research expenditure – Approved scientific research associations/ institutions – NOTIFICATION NO. 83/2010
- Section 35(1)(iii) of the Income-tax Act, 1961 – Scientific research expenditure – Approved social science or statistical research associations or institutions – NOTIFICATION NO. 82/2010
- Section 35AC(1), read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes expenditure on – Notified eligible projects or Schemes- Notification No. 73/2010
- Section 35AC(1), read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes expenditure on – Notified eligible projects or Schemes- Notification No. 72/2010
- SEZ – Section 13 of the Special Economic Zones Act, 2005 – Stargaze Properties Private Limited
- SEZ – Section 13 of the Special Economic Zones Act, 2005 – J.T. Holdings Private Limited
- German Bank agrees to provide account details if Indian Government proves tax evasion by account holder
- Minimum amount for RTGS increased to 2 lakh with effect from 15 November
- Supreme Court rules Cooperative housing societies can expel member
- IPL , CWG Game – IT dept makes seizures worth Rs 414 crore during the current fiscal
- Paid service tax due as per regulations- SIS Live
- Violation of the Companies act by IPL Franchises
- Functioning of the Non-Official Directors on the Board of Central Public Sector Enterprises
- Pricing of Shares and Use of IPO Proceeds
- Asian Tiger, Indian Bull Yet To Chase
- No People and No Profit without Planet
- 2008 Pune Commonwealth Youth Games funds under CAG scanner
- NPAs of public sector banks over Rs 57,301 crore
- 462 billion dollar illegally taken out of India since 1948
- Capital gains on transfer of tenancy right, not being in the nature of land or building or both, cannot attract the provisions Section 50C of the Act
- There must be a valid and acceptable basis for making a departure from Hierarchical Discipline while implementing fiscal legislation
- ROC- Revision in time schedule for payment of additional filing fees
- MCA-Change in the jurisdiction of Regional Directors
- IRFC receives bids of over Rs 300 crore on first day for tax-free bonds
- Four cross-border deals like Vodafone under Income tax Department scanner
- Commerce Ministry to set up committee to simplify EOU procedures
- Standing Committee on Finance invites suggestions on “the Direct Taxes Code Bill, 2010″
- Post Office Savings Account (Amendment) Rules, 2010 – Amendment in rule 4
- Insurance – Anti-Money Laundering/Counter-Financing of Terrorism (AML/CFT) Guidelines
- Processing and Settlement of Export related receipts facilitated by Online Payment Gateways
- UCBs – Norms for Opening of branches and extension counters
- UCBs – Extension of Area of Operation- Liberalisation
- Reporting Mechanism – Data of Authorised Dealer Category-I Branches
- Opening of Current Account and Subsidiary General Ledger Account with Reserve Bank and Membership of Indian Financial Network (INFINET) and Real Time Gross Settlement (RTGS) System
- Exposure to Housing, Real Estate Sector and Commercial Real Estate – Urban Co-operative Banks
- Share Linking to Borrowing Norm in Urban Co-operative Banks
- Exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 – The Bank of Rajasthan Limited
- MCA – Now 9 Times Additional fees if delay is more than 90 days
- Discrepancy if any in show cause notice by MCA may be intimated to the respective ROC
- Non-examination of issue by AO does not per se make assmt order prejudicial to interests of revenue for section 263 revision
- CAG should suggest measures to check tax leakages- FM
- Indirect tax collections up 42 percent in April-Oct
- Madurai Bench rejects vehicle insurance claim without transfer of policy
- Stock Brokers to Pay service tax on turnover charges, exchange transaction charges, dematerialisation charges and regula
- Guidelines for implementation of electronic mode of grant/renew of national permit for goods carriages
- CAG faults DoT for failing to recover 679 cr penalty
- IRDA slaps Rs 10 lakh penalty on Reliance Life Insurance
- 41 NGOs banned from receiving foreign aid
- ‘RBI policy may change if growth slides further’
- 5 lakh demat accounts frozen by CDSL and NSDL
- Solutions for reducing the delay in courts in India are availlable from 1958?
- Downloadable e-forms made available on LLP Portal
- For an asset intensive industry, the appropriate Profit Level Indicator (
- Arm’s length price should be based on the functional and asset profile of the company
- Notification No. 97/2010 – Customs (N. T.) – Notifies Tariff Value of Edible Oils, brass scrap and Poppy Seeds
- Amends ‘Handling of Cargo in Customs Areas Regulations, 2009’
- Amends Notification No. 15/2002-Customs( N.T.), dated the 7th March, 2002 appointing Common Adjudicating Authority
- Amendment in S.No.65, Chapter 13 of Schedule 2 of ITC(HS) Classification of Export & Import Items relating to export of Gum Karaya
- Use your bank account to avoid penalty
- ICAI to set up Centre of Excellence
- Hutch deal- Court Vodafone to deposit Rs 2500 crore
- Hutch Deal- Vodafone Looks For India Tax Dispute Settlement
- Consideration received for selling of marketing right of the products not taxable
- Info panel issues summons to Games OC, IOA
- Income Tax dept suspects “round tripping” by some of the investors of realty firm IREO
- SEBI (Issue of Capital and Disclosure Requirements) (Fourth Amendment) Regulations, 2010 – Amendment in regulations 2,8,9,16,26,29,34,42,43,50,54,55A,60,72 and in Schedule VIII, XIII, XV and XIX
- Audit of Telecom Companies
- Gove bans Import of Second Hand Computers
- Export Grows 21.3 Percent in October 2010 – Commerce Secretary
- President of India to Inaugurate Celebrations of Completion of 150 Years of C&AG tomorrow
- Tariff Value of Edible Oils, brass scrap and Poppy Seeds Notified
- Bar Council of India responsible to lay down standards of professional conduct for Law Firms in the Country
- Prescribed methods to be followed for ALP determination and interest on outstanding trade balances not the same as interest on loan
- Provision made for bad and doubtful debts to be included in the ‘Book Profit’ for the purpose of MAT
- Penalty u/s. 271(1)(c) can not be imposed for bona fide difference of opinion in selection and application of transfer pricing method
- Comparables should be selected after detailed analysis and any adjustment to ALP can be made only on the basis of firm calculation and back-up data
- Judgment of GlaxoSmithKline Inc. v. Her Majesty the Queen
- Reassessment beyond four years on the basis of retrospective amendment not justified
- Nominee of bank account does not get succession rights
- Income Tax Department probing 7,300 crore inflow in 26 companies linked with BJP leader
- Satyam submitted fake bank documents to PWC, says witness
- SEZ – Consolidated guidelines /instructions issued on the staff management of Government and Private Special Economic Zo
- SEZ – Clarification on Instruction No. 49 on FTWZ issues
- Income Tax department receives classified info on Hasan’s deposits
- Sebi suspects growing insider trading trend; ups vigil
- RBI concerned over sharp fall in IIP numbers
- Insurance – Portal for Registration of Referral Companies
- Companies (Amendment) Regulations, 2010 – Amendment in regulation 2
- Section 637A(1) of the Companies Act, 1956 – Power of Central Government or Tribunal to accord approval, etc., subject to conditions and to prescribe fees on applications – Nidhis/Mutual Benefit Society
- MCA on Converged Accounting Standards
- Input Tax Credit on Gross Loss arising, If any from Sales will be reversed under Punjab Vat Act 2005
- If thin capitalization rules are not in the domestic law/Treaty, there can be not be artificial disallowance of interest paid on borrowings
- Payment for purchase of software cannot be termed as royalty
- Is it correct to blame Advocates and Courts only for the delay in Courts?
- Income tax commissioner may be arrested for fraud
- No appeal from tax department, if tax amount involved is less then threshold limit
- Soon Banks may close your savings account if cheques are issued without sufficient funds in the account.
- ROC enhanced additional fees for late filing w.e.f 5th December 2010
- Pay ‘equal pay for equal work’, Rules court
- IFRS Implementation of IFRS on track- Minister of State for Corporate Affairs
- I-T department asks Sanofi-Aventis to pay 700 crore tax
- India, Australia hold talks over IFRS, corporate governance and CSR
- ICAI expresses concern over delay in preparation, finalisation and audit of government companies
- Company Law Board suspends Sanghi Polyester’s board
- Section 5 of the Central Sales Tax Act, 1956 – When is a sale or purchase of goods said to take place in course of import or export – Designated Indian carrier specified for purpose of section 5(5)
- Insurance – Draft Guidelines on Outsourcing of activities by Insurance Companies
- Insurance- Group Products under Linked platform – Compliance with recent Circulars and Regulation on Unit Linked Products (ULIPs)
- Income-tax department resumes probe in telecom scam to track bribes
- SBI employees on two-day strike from Nov 25
- Income Tax officials to be under strict vigilance scanner
- Registration not granted for operating NBFC on principles of Sharia-RBI
- Builders cannot construct new buildings which is not part of the original plan which was disclosed to buyers
- High-Level Delegation from the Ministry of Corporate Affairs Exchanges Views and Experiences on Regulatory Architecture
- Guidelines on Fair Practices Code for Lenders – Disclosing all information relating to processing fees/charges
- Electronic Payment Products – Processing Inward Transactions based soley on Account Number Information
- Exposure Norms-Applicability of Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007 to standalone Primary Dealers
- Telecom firms under scanner in 2G spectrum scam
- Tax collection -Lucknow tops with highest all India growth
- Income Tax department to enhance its online services
- LLP e-Forms is going to be implemented w.e.f 13/11/2010 evening onwards
- Clarification on various Policy and operational issues relating to IT SEZs- Instruction No.70
- Banking Sector Needs to Support the Growth Momentum to Achieve 9 Percent Growth Rate- FM
- Drunk? Software to stop you from posting comments on social websites
- Service Tax – Consulting Engineer’s Service – Pre-deposit of Rs. 14 lakhs ordered by Tribunal in an earlier case in a similar matter, still lying with department – Sufficient for grant of full waiver of pre-deposit and stay
- IFRS Update – FAQs on Roadmap to IFRS Convergence
- Transfer Pricing Provisions should be extended to domestic transactions to reduce litigation
- Audit Committee of the Board of Directors – Calendar of Reviews
- Insurance- Treatment of Unclaimed Amount of Policyholders
- SEZ – Guidelines to regulate functioning of plastics/Used clothing units in SEZs
- Government Debt- Status and Road ahead Released by Finance Ministry
- Net Direct tax Collections Increases by 17.82 Percent in First Seven Months of 2010-11
- NSDL RPU for preparing quarterly e-TDS/TCS statements (regular and correction) upto FY 2009-10 released
- Company Law- Form 8 filing guidelines
- Companies Bill misses deadline, will be tabled next session
- CBEC issues show-cause notices to Citibank and Kingfisher Airlines on service tax payments
- Supreme Court asks finance ministry and Central Board of Direct Taxes to amend transfer pricing law
- Government plans to keep watch on end use of foreign investment inflow
- Constitutionality of levy of service tax under the category of Information Technology Software Service upheld
- Guidelines for filling Form 15CA Bulk Upload
- Guidelines for filling Form 15CA Online
- Details of changes in new Maharashtra VAT audit report format Version 1.2.1
- No restriction on using common descriptive expression for goods
- Finmin asks ICAI to set up panel for IFRS shift
- IPO limit for individual investor enhanced
- Will Ernst & Young Ever Be Held Accountable for the Lehman Failure?
- CBDT may reopen income-tax returns of Big Companies to recover over Rs 27,000 crore
- Supreme Court refuses to extend Satyam Raju’s surrender deadline
- Empanelment of Chartered Accountant firms for Audit of Urban Co-operative Banks of Maharashtra – Last Date 25th November, 2010
- Empanelment of Individual Chartered Accountants/ proprietary firms for Audit of Urban Credit Societies and other Societies (other than UCBs) of Maharashtra
- Guarantor-director cannot be dragged into arbitration
- Electronic Funds Transfer Infrastructure in India – Usage of RTGS and NEFT
- Ready Forward Contracts in Corporate Debt Securities
- Shortfall in Maintenance of SLR – Additional Liquidity support under LAF
- Facilitating transactions in Mutual Fund schemes through the Stock Exchange infrastructure
- CA coaching set to go online
- RBI see no case for levy of pre-payment penalty
- ‘EPFO cannot claim damages for delayed payment’
- Draft guidelines for foreign banks delayed
- Banking- Guidelines on Banks’ Asset Liability Management Framework – Interest Rate Risk
- Banking – Sale of Investments held under Held to Maturity (HTM) category
- Section 621 of the Companies Act, 1956 – Offences against Act to be cognizable only on complaint by Registrar,
- SEBI – Display of Details by Stock Brokers (including Trading Members)
- Supreme Court rejects plea, Raju to surrender tomorrow
- Sebi Wants MFS to Spend Money on Investors, Not Distributors
- RBI ask banks to levy reasonable Minimum Balance charges
- Payment of non-compete fees in connection with the acquisition of a business constitutes capital expenditure
- RBI Asks Banks to Promote E-Payment Options
- Section 92 of the Income-tax Act, 1961 not applicable to advertisement expense paid by one resident entity for another resident entity
- Section 80-IA of the Income-tax Act, 1961 – Deductions – Profits and gains from industrial infrastructure undertakings, etc. – Notified undertakings – Notification No. 81/2010
- States demands Exclusion of coal from GST list
- Soon 7/12 extract will include additional information on whether the plots are under litigation
- Retirement liabilities- Instead of providing in profit and loss account, companies can create separate reserve
- No requirement to approach the Tax Officer for nil withholding certificate under section 195(2) where the non-resident is not liable to tax
- Is it correct to say “Once NPA is alwyas NPA” under SARFAESI Act, 2002?
- Some Views on Security for Registration under Punjab Vat Act 2005
- National Aviation Co. of India Vs. Dy. Commissioner of Income-tax ITAT Mumbai)
- Issuance of accreditation certificate is not technical service as per India-Australia Tax Treaty
- Delhi Tribunal rules on aggregation of closely-linked transactions and characterisation of reimbursement of advertisement expenses
- Taxpayer can remit monies abroad without deduction of tax at source if it is of the opinion that the remittance is wholly exempt from Indian tax
- Consideration paid to a foreign company for operating and maintaining a power plant cannot be considered as fees for technical services
- Payment received by taxpayer for sale of shrink wrapped software is not royalty under Article 12(3) of the India-USA tax treaty
- The income from offshore supply of equipment on a CIF basis under a composite contract is not taxable in India
- Deduction u/s.10B cannot be disallowed on ground of excess profits when the international transactions are held to be at arm’s length
- Money lending business is exception to deemed dividend provisions
- Revision of inventory provision in the subsequent year- Prior period Item?
- Accounting for a share issue expense incurred by a subsidiary in a right issue
- Whether Cenvat credit admissible on plant housekeeping, factory garden maintenance, insurance and tours and travels expenses?
- Enforcement of statutory measures (Phytosanitary requirement) for import of food grains before release of consignments by the Customs authorities
- Notification No. 94/2010 – Customs (N.T.) dated 03.11.2010
- Amends Notification No. 36/2001 – Customs (N.T.), dated, the 3rd August, 2001 – Palm oil, Palmolein, Soyabean Oil (Crude) and Brass Scrap (all grades) – Traiff Values vide Notification No. 92/2010 – Customs (N. T.)
- Exempts Crude Petroleum oils and oils obtained from bituminous minerals, when imported into India from Brunei Darussalam
- Notification No. 115/2010-Cus dated -01-11-2010- Amends Notification No.153/2009-Customs, dated the 31st December, 2009
- Custom Notification No. 112/2010-Cus dated -28-10-2010
- Procedure and instructions for E- Services enrolment/Registration for Profession Tax RC holders (PTRC)
- Tax payer could be hit by big IT backlog – More delay likely in issue of IT refund
- CA arrested for Rs 65 lakh fraud
- New Company Bill to give more power to RoC
- Super built-up area gets new nomenclature
- IFRS to come into effect from April 1
- Modification of SION A-3559 under Chemical & Allied Products Group
- Amendment in paragraph 4.21 and 4.23 on enhancement in CIF / FOB values and revalidation of advance authorisations
- Permission for export of 10,000 tons of edible oil in branded consumer packs from 01.11.2010 to 31.10.2011
- Reopening under section 147 on mechanical basis void even where s. 143(3) assessment not made
- Ireo under I-T probe for FDI norms violation
- CWG probe panel head gets status of Supreme Court judge
- Monetary tightening to hurt growth – Pranab Mukherjee
- Sale of Esops Shares can be taxing
- Income Tax raids on biz premises of seven Karnataka MLAs
- We are answerable only to Parliament, says CAG
- Government panel to fix audit standards
- Central Vigilance Commissioner likely to summon officials related to CWG scam
- ICAI founds KPMG and Ernst & Young doing business through surrogate means
- Ministry of corporate affairs Plans to outsource investigation related work to specialised chartered accountant firms
- RBI raises RTGS transfer limit to Rs 2 lakh
- National Advisory Committee on Accounting Standards Almost Finalizes drafting of the Converged Accounting Standards
- All employees except an apprentice are entitled to gratuity
- SBI employees to go on two-day strike from Nov 25
- CAG to probe all work done in past 5 years
- CWG probe – Money trail to Sheila Dikshit government officials seen
- Provision of corporate social responsibility (CSR) to be in Companies Bill: Khurshid
- Vigilance and Enforcement (V&E) department raids Emaar-MGF premises
- States suggests alternative constitutional amendment plan to roll out goods and services tax
- How Income Tax Department calculated Vodafone’s tax liability
- Multi-crore provident fund scam has shaken faith in judiciary
- State prisons department may use Raju’s expertise in handling operations at the country’s first prison BPO unit
- SEBI permits domestic exchanges to introduce European style stock options
- Employers have to pay Interest for delayed payment of Gratuity
- ICSI offers Online MSOP SMTP on trial basis to qualified CS final students to become ACS
- Delhi High Court asks Centre to fix age limit for heads of sports bodies
- CBDT clarification on tax benefits for NGOs, charitable institutions and other charitable institutions
- Delhi ITAT rules – Tax payable on import of all software (In the case of Microsoft)
- Allowability of Cenvat credit on ‘outdoor catering services’ provided in the factory for employees of the factory
- HC requests ITAT President to make it compulsory for assessees to amend Form 36 for change of address instead of merely intimating vide letter
- Supreme Court approves Service tax on leasing services
- Appointment of Vice President of the ITAT is by merit-based selection and not seniority. No reservation for OBC
- Statutory Bank Branch Auditors’ Panel for the year 2010-11
- Shifting of BOS and Some Committees from Institute’s rented premises at Sec-58 Noida to its new premises at Sec-62, Noid
- Web-pages of the Directorate General of Income Tax (Vigilance)
- Comments for reviewing of guidelines for Practice in Corporate Form
- Second Quarter Review of Monetary Policy 2010-11
- National e-Governance Advisory Group Reconstituted Scheduled to Meet on November 12, 2010
- FM Appreciates RBI’s Monetary Policy Review
- Suggestions/Views of The Institute of Company Secretaries Of India (ICSI) On Direct Taxes Code Bill, 2010
- Gujarat VAT Returns – Extension of due date
- DoT to Launch Countrywide MNP on November 25 from Haryana Service Area
- Prime Minister’s Statement at the 8th India-Asean Summit, Hanoi
- Finance Ministry Releases Quarterly Report on Public Debt for the Second Quarter, July-Sept,2010
- GST exclusion list may include coal, opium and narcotics
- ICAI dropped new accounting norm (IFRS) for agriculture sector
- SEBI – Portfolio Managers – Clarification on minimum investment amount by clients, performance of portfolio and schemes
- SEBI – Code of Conduct for Investor Associations (IAs)
- Clarification regarding period of validity of approvals issued under section 10(23C)(iv), (v), (vi) or (via) and section 80G(5) of the Income-tax Act
- Competition Commission of India (General) Amendment Regulations, 2010 – Amendment in regulations 18,20,21 and 31
- Amendment in Form 1 and 32 requires director/subscriber to tell about his Criminal Background
- RBI tightens norms on home loans to curb excessive borrowing- Now Bank loan only up to 80 percent of Home Price
- To curb inflation RBI hikes Repo and Reverse Repo rate by 25 basis points each
- Guidelines for Development of Special Economic Zones (SEZs)
- Shopping with Credit Cards Makes Diwali Cheerful
- CA Corp specially designed Loan Scheme for practicing CAs launched
- Removal of Directors and the litigation?
- FILING VAT RETURN Ver.1.2.2 ?. How to handle uploading errors
- ICAI International Conference on 4-6 January, 2011
- The Role of Directors or Board of Directors (Bod) in a Company?
- Service Tax on financial leasing services is Constitutionally valid -SC
- RTI Logo and Portal Launched
- SEZ – Clarification on Rule 47(3) of SEZ Rules, 2006 – Duty for sale of power from SEZ to DTA – Instruction No. 67, dated 28-10-2010
- SEZ -Transfer of used Capital Goods by SEZ units
- SEZ – Energy Conservation in SEZs
- SEZ – Guidelines for Development of Special Economic Zones (SEZs)
- Inclusion of After Sale Service and Pre-delivery Inspection Charges in the assessable value – Circular No. 936/26/2010 –CX
- Regarding continuation of anti-dumping duty on imports of 1-Phenyl-3-Methyl-5-Pyrazolone originating in, or exported from, Peoples Republic of China
- Revised Form of Bond to be furnished for availing duty exemption under Advance License and EPCG Schemes
- Exchange Rate notification for Import / Export of goods with effect from 1st November, 2010
- Regarding continuation of anti-dumping duty on imports of 1-Phenyl-3-Methyl-5-Pyrazolone originating in, or exported fro
- Synopsis of Recent Amendments In Provisions Of TDS
- Issue of Irrevocable Payment Commitments
- Banks permitted to Participate in Currency Options on Recognized Stock/New Exchanges
- Prudential Norms on Investment in Zero Coupon Bonds
- Special Placement Programme through Video Conferencing Mode for Organizations functioning in Gulf Council Countries (GCC
- Graziano Transmissioni India (P) Ltd. Vs. DCIT (ITAT Delhi)
- Right of third parties in a proceeding under section 397/398 of Companies Act, 1956?
- Extend the time limit for furnishing of reconciliation return in Form DVAT 51, up to 15th November, 2010 for Ist, IInd, IIIrd and IVth quarter of the year 2009-10.
- Extend the time limit for furnishing of reconciliation return in Form DVAT 51, up to 31st December, 2010 for Ist, quarter of the year 2010-11
- Reminder to CA students Appearing in November 2010 regarding Exam Timings
- ICAI President’s Message – November 2010 – (27-10-2010)
- Contribution to the Question Bank of Common Proficiency Test (CPT)
- Excise Officer issuing summons to appear with records could not be “deprivation” of liberty of an individual
- SEBI to hear auditors’ role afresh from Nov 3 in Satyam case
- HC defers Vodafone tax hearing to Nov 23
- SEBI to tighten disclosure norms for related companies
- International Financial Reporting Standards (IFRS) norms may be diluted before rollout
- Exit from stimulus to be gradual- Finance minister Pranab Mukherjee
- Indirect tax collection may exceed target
- Not unnecessarily aggressive on Vodafone tax case – CBDT Chairman
- SEBi Circular on European Style Stock Options- CIR/DNPD/6/2010, October 27, 2010
- Clarification on Trading Rules and shareholding in dematerialized mode -SEBI/Cir/ISD/ 2 /2010 Dated-October 26, 2010
- Penalty will not ordinarily be imposed unless the party obliged either acted deliberately in defiance of law or was guilty of conduct contumacious or dishonest, or acted in conscious disregard of its obligation
- Empanelment with Registrar for Mumbai and Konkan Division for Statutory Audit of Co-Operative credit Societies and Bank
- Central Board of Direct Taxes (CBDT) is fighting many battles all at once – SSN Moorthy
- Tax department want School children’s to learn the importance of taxes
- Opening of bank accounts – salaried employees
- UCBs – Furnishing Remitter Details in Pass Book/Pass Sheet/Account Statement for Credits received by Customers through NEFT/NECS/ECS
- Finance Minister’s Address at EEC-2010
- Public issues by Insurance Companies/Preferential issue of equity shares or convertible securities or warrants to promoters and promoter group
- Satyam case- Supreme Court cancels bail to Raju
- IRDA circular on Variable Insurance Products
- Expenses of Management (EOM) under section 40C of the Insurance Act, 1938 read with Rule 17E of the Insurance Rules 1939
- CBDT notifies industrial park developed by Marathon Nextgen Realty Limited U/s. Section 80-IA of the Income-tax Act, 1961
- CBDT notifies Sisodia Educational, Medical & Charitable Society, Kollakadavu, Kerala as Approved scientific research associations/institutions
- Income Tax department expects Rs 5,000 crore as TDS from Commonwealth Games related works
- Companies cannot pay damages in installments- state consumer commission
- Do away with GST council, settlement body-Dasgupta to Centre
- Income Tax department compares cost of goods sold for contracts awarded by the Games Organising Committee
- Soon your property will have Unique Property Identification (PID) numbers
- Satyam case – Trial to begin from November 2
- Deadline for implementation of mobile number portability postponed
- Supreme Court dismisses Mahesh Bhupathi plea for tax relief
- Direct Taxes Code would be implemented on April one, 2012
- Issue of public interest under section 397/398 of Companies Act, 1956?
- Section 35(1)(iii) of the Income-tax Act, 1961 – Scientific research expenditure – Approved social science or statistical research associations or institutions – Notification No. 75/2010
- SION H-158 as amendment done by Public Notice No. 104/(RE2008)/2004-09 dated 7.11.2008- DGFT Policy Circular No. 03(RE-2010)/2009-14
- RBI exempts Long Term Infrastructure Bonds (U/s. 80CCF) issued by infrastructure companies from the Purview of Public Deposits
- Credit/Debit Card transactions- Security Issues and Risk mitigation measures for Card Not Present Transactions
- RBI wants lock-in period for Foreign Direct Investment in hotels, tourism
- RBI not in favour of conversion of Company into LLP
- IRDA not in favour of allowing initial public offers by by insurance companies who have been in business for less than t
- DoT plans to use Unique Identification numbers as an identity and address proof for issuing a new mobile or landline con
- Interest u/s 234A to 234C applicable to settlement commission proceedings, it is payable only up to the s. 245D(1) order and cannot be levied u/s 154
- SEBI set to allow Retail investors to invest up to Rs 2 lakh in IPO
- Supreme Court adjourns hearing on Vodafone tax case to 15th Nov
- Life insurance policies could soon become paperless
- Removal of ceiling on hiring of foreign nationals
- Higher price paid to AEs accepted as ALP under the CUP Method, provided there is sufficient economic and commercial justification evidencing the same
- Profits earned from forward contract not to be included in the profits of the business of the undertaking for computing deduction under Section 10B
- Transfer of computer software by an Indian Branch of a foreign Company (approved as 100 percent EOU) to its head office is an eligible transaction for
- Supreme Court rules on deductibility of export profits while computing MAT
- No disallowance u/s. 40(a)(ia) where payments made were apparently less than Rs. 20,000 each and to each party less than Rs. 50,000 per year, as per t
- ITAT Delhi rejects Assessing Officer’s approach of cherry picking the comparables and proposing an arbitrary Transfer Pricing adjustment
- Amendment to clause 35 of Listing Agreement
- CBDT Circular clarifies that widening of existing roads constitutes creation of new infrastructure facility eligible for
- Infrastructure Bonds-The new avenue to save tax
- Assessment under Section 147 for Tax Evasion Needs To be Recorded
- Incorporation in India Must For Foreign Banks
- Claim of minority to buy the shares of majority in a proceeding under section 397/398 of Companies Act, 1956?
- Directorate General of Income Tax (Legal & Research) issues directive to regulate filing of Special Leave Petition (SLPs
- Commonwealth Games-Enforcement Directorate registers case for FEMA violation
- Income Tax department preparing family tree of those connected with Commonwealth Games contracts
- Empanelment with Punjab National Bank (PNB) for Chartered Accountants / Ca Firms for Concurrent Audit, Revenue Audit and
- Never admitted to fraudulently appropriating money from Satyam- B Ramalinga Raju
- CAG seizes files related to constructions works carried out by the CPWD and DDA for the Commonwealth Games
- Cabinet approves Amendments to the Enemy Property Act, 1968
- Indian Judiciary on Education?
- Budget for next year may take back excise exemption given to around 250 items
- CCI PLANS Code of Conduct for Trade Bodies
- Sebi unlikely to accept proposal to lift the size of mandatory open offer arising from mergers and acquisitions to 100
- IRDA suspends sale of universal life policies and will not allow sale of single-premium products under ULIPs
- Reduction of Government litigations – providing monetary limits for filing appeals by the Department before CESTAT and High Courts
- RBI to continue with prudential norms for banks-ICAI
- Transfer of High Courts Judges
- Income Tax Demand of Rs.11,218 Crore Raised on Vodafone for failure to deduct tax as required under section 195
- Rs 246 crore CWG deal is transparent, says Doordarshan DG
- Income tax department chooses softer option of acting on tax evasion of Rs 29 crore by CWG broadcast firm SIS Live
- Consolidation or Merger of Schemes- SEBI Circular
- Single premium option for unit-linked pension plans
- No tax liability can be confirmed against any person unless the same is specifically alleged in the show cause notice
- Income-tax Settlement Commission (Procedure) Amendment Rules, 2010 – Amendment in rules 2,5,6,7,9 and insertion of rule 12A
- CBDT notifies Annuity Plans of TATA and ICICI under section 80C(2)(xii)
- No policy to compulsion spend of 2 percent of profit towards corporate social responsibility
- Labour ministry may oppose the imposition of Service Tax on ESIC
- 28 establishments under scanner to detect evasion of sales and value-added tax
- Commonwealth Games Broadcaster under the scanner of income tax department
- Facility to Free online search of availability of trademark likely to be available in the next few weeks
- L&T Finance awaiting SEBI nod for IPO
- Emaar MGF dismisses charges related to irregularities in construction of Commonwealth Games Village
- Jaipur Firm surrenders Rs.7.35 crore for taxation
- Three Months Residential Programme for PCC/IPCC/PE-II Students/ Newly Qualified Chartered Accountants
- Announcement – Availability of CPT-December 2010 PP Mode Application Form – (20-10-2010)
- ICAI Constitutes Group to consider various concessions to the Physically Challenged CAs vis-à-vis the Openings available
- Non-Receipt of CA Students’ Journal – “The Chartered Accountant Student”
- Customs Notification No 110/2010 amends Notification No. 15/2007-CUSTOMS dated the 20th February, 2007
- Seeks to provide exemption from Addl. duty of excise and special addl. excise duty to goods supplied to UN and such international organisations
- StCBs/DCCBs – Collection of third party account payee cheques – Prohibition on crediting proceeds to third party accounts
- Collection of third party account payee cheques – Prohibition on crediting proceeds to third party accounts – RBI circular No. RPCD.CO RRB.BC.No. 25 /03.05.33/2010-11
- Maharashtra mandates payment of bonus only through cheques/banks
- Direct Tax Code 2010- Major Corporate tax provisions
- Direct Tax Code 2010-Key proposals and their impact on Real Estate Sector
- Direct Tax Code 2010 -Key proposals and their impact on Special Economic Zones (SEZs)
- Direct tax Code 2010- Key proposals and their impact on Oil and Gas Sector
- Direct tax Code 2010- Key proposals and their impact on Shipping Sector
- Direct tax Code 2010 -Key proposals and their impact on Power sector
- Mere existence of subsidiary company in India does not constitute the subsidiary company as Permanent Establishment of Parent company
- Discount by Cellular companies to distributors on SIM Cards and Recharge Coupons sales is commission’ and TDs is deductible
- Transfer pricing- ITAT Bangalore confirms benefit of 5 percent variation as a standard deduction to the taxpayer (AY 2003-04)
- Direct Taxes Code Bill 2010 – Impact On Telecom Sector
- Direct tax Code changes impacting taxation of Foreign Institutional Investors
- Direct Taxes Code Bill 2010 – Impact on IT / ITES Sector
- GST- It must be better late than never!!
- Investing in Bonds
- Amends Notification No. 36/2001 – Customs (N.T.), dated, the 3rd August, 2001 – Palm oil, Palmolein, Soyabean Oil (Crude) and Brass Scrap (all grades) – Traiff Values vide Notification No. 90/2010-CUSTOMS (N. T.)
- Direct Taxes Committee of the ICAI invites suggestions for the Pre-Budget Memorandum-2011
- No Move to Change the Financial Year or for Merger of the Railway Budget with the Union Budget
- Companies Bill 2009-Independent director’s short tenure a constraint in building a relationship of trust
- IRDA may soon allow India Post to sell insurance policies
- In respect of interest on loan taken for higher education – Financial institution notified
- Banks to pay for delay in closing of Housing Loan Account
- Lack of proper asset accounting worries Chartered accountants
- Joint audits will increase fraud- Big Four partner
- ITAT – Anguish over ITAT deciding case on a casual, offhanded and cavalier manner – Delhi High Court
- Download CA November 2010 PCC, IPCC & Final (Old and New Course) Exams Admit card/Hall ticket
- Transfer of Members of Income Tax Appellate Tribunal (Oct 2010)
- ICAI changes examination center for few students appearing in November 2010 exams in some Zones
- ICAI Admit Card Help Line Desk for CA students Appearing for November 2010 Examinations
- E-Filing for AY 10-11- Quick Statistics (as on 15th October 2010)
- Visa gets RBI permission for fund remittance
- Net Direct Tax Collections Register 19.09 Percent Growth
- Discontinuation of Issue of Pass Certificates to Foundation/ Executive Programme Pass Students
- whether notional interest on interest-free security deposit is includible in ‘house property’ income referred to Full Bench
- Invocation of powers u/s 263 is legitimate on the ground of lack of compliance with the principle of consistency in allowing certain expenses as revenue expenditure
- Judicial Standards and Accountability Bill – a good beginning?
- Delegation of specified powers and functions to Senior VP & VPs of various Zones of Tribunal
- Amount charged for excess baggage carried by the passengers by air craft – Prima facie taxable under “transport of goods by aircraft by an aircraft operator”
- Imposition of penalty under Section 76 is for failure to pay the service tax by the person liable to pay the same
- Profit before Nature-Game of Exploitation
- “SARFAESI” PROCEEDINGS – THE JURISDICTION OF HIGH COURT?
- I -T dept collects CWG works related documents
- Companies deducts TDS but not pay on time
- Bhutan lottery- HC orders Kerala to collect tax from Megha Distributors
- Vodafone not agent of Hutchison- Files petition in HC
- Income Tax dept to get high-end investigation tools to probe evasion
- Frequent cheque bounce may lead to closure of your bank account
- 44.4 Percent Increase in Indirect Tax Collections in first six Months(April-September,2010) of 2010-11
- All India Bar Examination Mandatory for all Law Graduates to Practice in India
- Security audits as per RBI rules must for banks, says RR Patil
- FM not in favour of acquisition of regional rural banks by Corporates
- Congress MP Jagan Mohan Reddy pays advance tax of Rs 84 crore in first 6 months of current financial year
- Nelp-IX- Energy explorers will get tax exemption based on investments
- Deduction for expenditure incurred towards machinery hired cannot be rejected on the ground that that the machinery was
- Financial laws reform panel to be set up by March 2011
- Section 205C of the Companies Act, 1956-Constitution of a Committee in supersession of Notification No. S.O. 539(E), dated 25-2-2009
- CAG audit of CWG Village to begin from Oct 28
- Unique Identity Number (UID) – All you wanted to know
- No varying pay if employees are on same posts- HC
- Salman Khan Tax case- Court moved over Rs.40 million ‘evasion’
- Applications Supported by Blocked Amount (ASBA) facility in public issues
- IPL scam- Income Tax department gets finance details of more than Rs 150 crore in overseas accounts
- Special Bench can not adjudicate the issue when the same issue is pending adjudication for the earlier years before the
- Establishment of Connectivity with both depositories NSDL and CDSL- CIR/MRD/DP/ 34 /2010 Dated-October 14, 2010
- Filing Offer Documents under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009
- Deduction – In respect of subscription to long-term infrastructure bonds – Notified long-term infrastructure bond
- FAQ on filing and submission of TDS Return for Payment to Transporter Having Permanent Account Number (PAN)
- ESIC Compliance Gets Online
- How to get consolidated eTDS / FUV file from NSDL
- Notification No. 89/2010-Customs (N.T.)- Appoints Common Adjudicating Authority
- Notification No. 88 / 2010-Customs (N.T.)- Appoints Common Adjudicating Authority
- Drawback on supplies made by DTA units to SEZ, issue of drawback cheque books by jurisdictional Commissioner of Customs to Central Excise Commissionerates
- ICAI Committee on International Taxation Invites Suggestions for Pre-Budget Memorandum – 2011
- Indian CA firms having tie-up/affiliation with international entities/network
- ICAI inks Pact with Corporation Bank
- Clarification regarding unauthentic e-mail/SMS chains in respect of November 2010 Exams-ICAI
- SMP Initiative for Special Loan Scheme for Practicing CAs
- Crores of unclaimed and un-refunded money belonging to consumers lying with government
- Guidelines on Trading of Currency Options on Recognised Stock / New Exchanges – Participation of UCBs
- Electronic payment products – Processing inward transactions based solely on account number information
- Prudential Guidelines on Restructuring of Advances by select All-India Financial Institutions (AIFIs)
- Discussion Paper on Foreign Direct Investment in Limited Liability Partnerships (LLPs) in brief
- Royalty paid by a taxpayer computed even on sales made to the Associated Enterprise is at arm’s length
- Payment made to USA entities cannot be disallowed on account of non deduction of tax at source
- Summary of Consolidated Foreign Direct Investment (FDI) Policy – Circular No. 2 of 2010
- Provision of Discussion Paper on Issue of Shares for Consideration Other than Cash in brief
- Disallowance under section 14A and for expenses for increase in share capital not attracted in the case of life insurance companies
- Taxability of Catering Contracts under the Haryana General Sales Tax Act, 1973
- Clearance of goods to a SEZ unit would not amount to export for the purposes of Rule 5 of CENVAT Rules
- No Input Tax Credit under PVAT Act on Purchase of Diesel used for capitve generation of electric power
- IMPORTANCE OF FORM M-20 IN HOUSING SOCIETIES
- REDEVELOPMENT OF CO OPERATIVE HOUSING SOCIETIES IN MUMBAI
- Amendment of DEPB entry Sl. No. 434 & 525 of the Product Group “Chemicals” (Product Code- 62)-Public Notice No. 13 (RE-2010) /2009-2014
- Opening of No-Frills Accounts by Students for Availing various Government Scholarships
- IT Notification No.71/2010- Eligible projects or schemes, expenditure on – Notified eligible projects or schemes
- Clarification regarding eligibility of deduction under Section 80P to Regional Rural Banks
- Financial Stability and Development Council (FSDC) to be set up to Strengthen and Institutionalize the Mechanism of Fina
- First Ever Takeout Finance Scheme Signed between IIFCL and Union Bank of India
- Amendment of DEPB entry Sl. No. 1 of the Product Group “Fish & Fish Products” (Product Code- 66)- Public Notice No. 12 (RE-2010) /2009-2014
- Additional Port of Registration under E.P. Schemes- DGFT Public Notice No. 11 /2009-2014 (RE 2010)
- Non-Residents Not Liable For S. 234B Interest-Delhi High Court
- Despite section 195 TDS breach, no section 40(a)(i) disallowance
- Section 234D of Income Tax Act Applicable from 01.06.2003 but it is not retrospective
- SC asks govt to respond to CAG report on 2G spectrum scam
- State FMs to discuss continuation of GST council on October 30
- Provisions of Minimum Alternate Tax (MAT) do not apply to Banking Companies
- SC directs TPO to conclude the assessment uninfluenced by the Delhi High Court judgment
- Certified Facilitation Centres under ACES Project of the CBEC
- Import policy of fish body oil- DGFT Notification No. 08(RE-2010)/2009-2014
- Clarification on the procedure to re-credit 4 percent Special Additional Duty (SAD) of Customs in DEPB, VKGUY, FPS FMS,MLFPS scrips
- Why DTC is negative for Life Insurance Companies and Policyholders
- Government announces new service tax payment scheme for lottery ticket distributors
- Can’t evict those against redevelopment without fulfilling the terms of the development agreement- Bombay HC
- Individuals engaged in mining business emerges as country’s top taxpayers
- RBI mulls new ECB rules for escrow account mechanism
- Chambers pitch for corporates into the banking ring
- Smaller companies embracing limited liability partnership structure in a big way
- India would intervene in foreign exchange markets if needed: RBI
- RBI to issue Rs 5 and Rs 2 coins with CWG theme
- Transfer fee & non occupancy charges recd. from members not taxable
- Pranab Mukherjee bags the award for Finance Minister of the Year for Asia
- GST scheme likely to be placed in winter session
- Government rationalises service tax on lottery tickets
- Department may soon determine service tax liability of Kings XI Punjab
- HC rejects RIL plea to quash CBI case against it
- Corruption on high, nothing moves without money- Supreme Court
- Election Commission of India (ECI) joins hands with Income Tax (I-T) department
- CAG to restart audit of expenses incurred for the Commonwealth Games
- When a case falls within four corners of section 397 and/or section 398, ordinary civil court’s jurisdiction would stand barred to deal with such a dispute
- Maa Communications Bozell Ltd. Vs. Commissioner of Service Tax, Bangalore
- In respect of undisclosed income, burden is on department to establish that alleged receipt is income from undisclosed sources
- Educational Institutes in Pune are under Income Tax Department Radar
- FICCI demands changes in ESOP taxability rule
- China – True Friend of United States (US)
- Pune Trust Loses Charitable Status after Taking Donations
- Department of Telecom appointed auditor of RCom seeks protection
- CA’s office in Anandnagar burgled
- Creation of National Company Law Tribunal and National Company Law Appellate Tribunal and vesting in them, the powers and jurisdiction exercised by the High Court in regard to company law matters not unconstitutional
- If the funds of the business are parked for safe keeping or with a view to earn interest income de-hors the business activity, the interest resulting there from cannot assume the character of business income but it would fall under the head “income from other sources”
- It is not any and every material, howsoever, vague and indefinite or distant, remote or far-fetched, which would warrant formation of belief relating to escapement of income of assessment
- Where the compensation received by the assessee-professional from his former employer was only for not carrying on business, the same cannot come under term “profit in lieu of salary”
- Breach of contract would not constitute ingredients of a complaint under sections 397,398, 402 & 403 of Companies Act, 1956
- When Commissioner as Revisional Authority under section 263 seeks to exercise his jurisdiction on matters which did not form subject of order of reassessment, period of limitation would begin to run from original order of assessment
- Assessment order which gives effect to a binding precedent cannot be regarded as being erroneous or as being prejudicial to interests of Revenue
- Compensation including interest on cancellation of contract not taxable in the absence of Permanent Establishment
- Save Tax – Invest in Long Term Infrastructure Bonds (Section 80CCF)
- Save tax up to Rs. 6000- Invest in Long Term Infrastructure Bond
- Centre unlikely to propose fresh constitutional amendments to facilitate the goods and services tax
- India Norway agrees to exchange information on potential cases of tax evasion
- NSDL releases new Return Preparation Utility (RPU version 2.2) for FY 2010-11
- Dow Jones Climbed 11000 Mark
- Commissioner of Income Tax versus Denso India Pvt. Ltd (Delhi High Court)
- Commissioner of Central Excise and Customs Versus Genus Electrotech Limited (Gujrat High Court)
- Service Tax Second Amendment Rules 2010
- Exemption from taxable service of marketing of lottery u/s 94 of Finance Act, 1994
- Classification of "CD ROM" containing images or drawings and designs of engineering goods
- Draft Listing Agreement for Securitized Debt Instruments
- Foreign Contribution (Regulation) Act, 2010 (No. 42 of 2010)
- Section 210A of the Companies Act, 1956 – Constitution of National Advisory Committee on Accounting Standards – Amendment in Notification No. S.O. 1800(E), dated 21-7-2009
- Tax evasion charges against Philips, TVS Motor- Central Excise Department
- CBI arrests SBI employee for Rs 5.24 crore fraud
- Rescinds Notification No. 46/2010-Customs, dated the 12th April, 2010 vide Notification No. 109/2010– Customs
- Regarding anti dumping duty on imports of Narrow woven fabrics having pile weave, originating in, or exported from China and Taipei
- SEBI-Review of Securities Lending and Borrowing (SLB) Framework vide Circular No. CIR/MRD/DP/ 33 /2010, Dated- October 07, 2010
- SEBI circular on Monthly reporting by Portfolio Managers
- Furnishing remitter details in pass book / pass sheet / account statement for credits received by customers through NEFT / NECS / ECS
- Permissible period for remittance of e-payments into Government account by Public Sector Banks
- Inoperative Provident fund accounts? Settle account before 31st March to get Interest
- Non-furnishing of “all documents” does not violate principles of natural justice- SC
- A Member who has taken a view should not be party to a Special Bench- ITAT Delhi SB
- India Signs First Tax Information Exchange Agreement with Bermuda
- Pranab Mukherjee’s Address at Seventh Annual India Investment Forum in New York
- ICAI ties-up with United Stock Exchange to impart knowledge on currency derivative
- Prudential Guidelines on Restructuring of Advances by Banks
- ICAI declares Result of CPT Online Examination held on 18th & 19th September, 2010
- ICAI plans to send notices to six IPL franchisees
- RBI may relax conditions related to grant of Banking License to groups having exposure to Reality sector
- 1.52 Crore seized from Mumbai-bound bus -The Unaccounted Money Was Being Sent via Courier
- Government removes the limit on the number of employment visas that may be granted to the foreign nationals
- Summary of Discussion paper on Foreign Direct Investment in Limited Liability Partnerships
- Commerce Department wants MAT on SEZ to be lowered
- Competition Commission of India to hear petition made by third-party administrators
- CBI starts investigation in alleged fraud in loans worth Rs 2,500 crore disbursed to Zoom Developers
- Government of Switzerland would be ready to reveal the names and bank account details of Indians
- India and Mozambique sign Double Taxation Agreement (DTA)
- RBI forms group to review operation of monetary policy
- Filing of Revised Return for the month of August, 2010
- Indian Holding Green Card in US facing threat of being taxed in the US for income generated in India
- Calcutta High Court still under Queen of England
- ICAI Plans to introduce unique code numbers (UCD) to check the increasing forged attestations
- ICAI ties up with United Stock Exchange (USE to impart knowledge on currency derivatives
- IT department conducts search at the offices of Nagarjuna Construction
- CII opposed new Companies Bill proposal to make maintenance of cost records mandatory
- Confession made during survey is not conclusive and can be retracted- Delhi high Court
- Banks are not liable to pay Minimum Alternative Tax (MAT) on Book Profit – ITAT Mumbai
- Do and don’ts in respect of TDS payment, TCS Payment, Advance tax payment and TDS/ TCS return filing
- MVAT circular on Grant of Refunds and specifies Fresh Guidelines for Disbursement of Refunds
- SEBI issues circular asking Portfolio Managers to fix uniform fee
- E-stamping the easy and cost-effective way to pay stamp duty
- Invest in Non Convertible debenture (NCD) for Higher Fixed Return and to lower to tax burden
- LIC plans to seek IRDA approval to issue infrastructure bonds investment in which will be exempt u/s 80CCF
- IDFC offers infrastructure bonds under Section 80CCF
- Delhi finally has its own excise Act with stiff penalties and fine
- CBDT notifies undertaking developed by Shyam Developers as industrial infrastructure undertakings u/s. 80-IA
- Xavier Centre of Historical Research, Goa approved as social science or statistical research associations or institutions- Notification No.74/2010
- CII asks government to reconsider the ‘Liability Clause’
- Government may approach Supreme Court for permission to appoint RoC Chief
- Entire 9.50 percent interest income on Employees Provident Fund to be tax-exempt
- IT department demands 570 crore from Mahindra Satyam for illegally claiming TDS on fictitious income
- Entry of 3 new credit rating agencies may ensure speedy loan approval and faster dispute resolution
- DTC and GST likely be taught to commerce students in universities
- ICAI proposes changes in accounting practices in commercial banks to make bank audits foolproof and effective
- MCA resists ordinance to amend Companies Act to meet the deadline for implementation of IFRS
- Cotton exports- Traders rush for registration
- Government launches website to get feedback on 12th Plan
- Islamic Banks – More Resilient to Crisis?
- CBI files chargesheet against former CLB member
- The Judicial Standards and Accountability Bill, 2010
- Mahindra Satyam Moves ITAT challenging CIT order rejecting application u/s. 154 in respect of foreign tax credit
- Former Central Excise Commissioner Sentenced to Four Years Rigorous Imprisonment
- ICAI wants power to take action against erring audit firms
- Empanelment with Canara bank for Appointment as Concurrent Auditor of its branches
- The draft Bank Branch Auditors panel for the year 2010-11
- Recent changes in eTDS Statement Filing Requirements applicable from 2nd quarter of financial year 2010-11 – FVU 3.0
- Civil Procedure Code and a proceeding under section 397/398 of Companies Act, 1956?
- Delhi Service Tax department cancels 1000 Online Registrations
- Rescinds Notification No. 59/2010-Customs, dated the 10th May, 2010, CUSTOMS Notification No 107/2010, 01-10-2010
- Rescinds Notification No. 44/2010-Customs, dated the 9th April, 2010, CUSTOMS Notification No 106/2010, 01-10-2010
- Amends Notification No 100/89-Customs, dated the 1st March, 1989, CUSTOMS Notification No 105/2010, 01-10-2010
- Exempts specified goods when imported into India from Nepal, from the whole of customs duty subject to certain conditions
- Amends Notification No.153/2009-Customs, dated the 31st December, 2009
- Amends Notification No. 21/2002-Customs, dated the 1st March, 2002, CUSTOMS Notification No 102/2010, 01-10-2010
- Seeks to amend noti.No.146/94-Customs dated 13.07.94 so as to modify conditions for shooting equipment imported by Renowned Shooters
- ITAT Mumbai allows depreciation on licenses, approvals, registrations etc as intangible assets even though recorded as Goodwill in books
- Income Tax Department to keep watch on private functions in poll-bound Bihar
- NRIs want residency clause in DTC to be amended
- Requirement of using encrypted PAN on DSC for non-resident signatories of Foreign Companies relaxed
- Income tax officials conduct raids in Coimbatore
- Johnny and Service Tax Refund [Series-II] Part 2- 'Conditions Relating to CHA service'
- Goods cleared in DTA without permission should be charged to excise duty under main Section 3 and not under the proviso
- Article on Central Excise – Marketability of Goods
- ICAI asks CBDT to provide details regarding number of tax audit done by each CA firm
- Pakistan ministers not paying income tax
- Interest and Damages Not Taxable Under DTAA if no PE- ITAT Mumbai
- IFRS Implementation not likely to meet deadline
- RBI issues notice to Banks for alleged derivative violations
- Nelp-IX tax incentives to be linked to investment
- IT dept surveyed Hospitals for TDS compliance
- Shikshan Prasarak Mandali to approach tribunal against I-T
- Government set to frame new accounting norms for non-governmental organisations (NGOs)
- Central excise and service tax department launches website
- Non increase in service tax revenue from telecom sector worries government
- Authorization of certain Officers of Serious Fraud Investigation Office to inspect books of accounts of every company
- Master Circular on Anti-Money Laundering/Counter-Financing of Terrorism (AML/CFT) – Guidelines for Insurers
- IRDA circular on Examination of Credit Insurance Covers
- SEBI bars 197 foreign institutional investors, 342 sub-accounts from trading
- Exemption u/s 11 can not be denied merely on the ground that the audit report was not filed with the return of Income
- In matters giving benefit to assessee, dept must avoid Technical Approach-HC relief for actor Danny Denzongpa
- ICAI conducting Online CPT exam on 25th – 26th October 2010, Last date for form submission 9th October
- ICAI Campus Placement programme-August-September, 2010
- SC asks Raju to respond to CBI bail cancellation plea
- No penalty if delay in filing returns is genuine- ITAT
- Direct Tax Code-2010 Proposed Changes in respect of international taxation
- RBI Circular on Collection of third party account payee cheques – Prohibition on crediting proceeds to third party accounts
- Summary of Bombay High Court decision in Vodafone’s case
- Payments to non-residents would be subject to withholding tax only if the income is chargeable to tax- SC
- Amends Notification No. 36/2001-Cus (N.T.), dated, the 3rd August 2001, CUSTOMS Notification No 86/2010 (NT), 30-09-2010
- On Line Articles Placement Portal for selection of Articled Assistants by CA Firms from 5th October, 2010
- Internship Facility on Competition Law and Policy
- Provides Exemption to relief equipment imported by the Lille Fro Foundation and donated to the Ladakh Autonomous Hill Development Council
- Amends Anti dumping Notification No. 50/2009-Customs, dated 15th May, 2009 to modify entries at S.No.6., CUSTOMS Notification No 99/2010, 30-09-2010
- Amends Customs Tariff [Determination of Origin of Goods under the Preferential Trade Agreement between ASEAN and the Republic of India Rules, 2009
- Most of the 2G licences issued by Government in 2008 are illegal
- Mandatory Electronic payment under MVAT Act, 2002 and CST Act, 1956 for Quarterly Return filers
- Fire insurance claim for CIGAR
- Hindu Marriage- Conditions for valid marriage
- Centre rejects alternative model of Goods and Services Tax (GST)
- ICAI President’s Message – October 2010
- Mutual Recognition Agreement between ICAI and CPA Ireland
- NSDL releases new FUV file for quarterly e-TDS/TCS statement pertaining to FY 2009-10 and 2010-11
- Tax effect of Indirect sale distribution channels
- Odds of Interpretation- Human intervention required for taxing a payment as ‘fees for technical services’
- CVC Disposed of 1298 Cases in August 2010 Major Penalty Proceedings Recommened Against 101 Officers
- Updation of all Instructions and Clarifications Relating to FDI Policy
- FIIS who fails to provide requisite declarations and undertakings will not be able to take fresh positions from 1st October
- Amends Notification No.6/2006-Central Excise, dated the 1st March, 2006 – Effective Rate of Duty on goods of Chapter 83 to Chapter 93
- CBEC Recommends imposition of provisional anti-dumping duty on all imports of DVD of all kinds originating in, or exported from Malaysia, Thailand and Vietnam
- Exchange Rate notification for Import / Export of goods with effect from 1st October, 2010
- DGFT notification on Prohibition on Export of Edible Oils
- Amendments in Notification No.58/2009-14 dated 17.8.2010. (Export of Cotton)
- DIPP issues Discussion Paper on Issue of Shares for Considerations Other Than Cash
- No extension of income tax holiday beyond March 2011 for software technology park of India (STPI) units
- Government may simplify mergers and acquisitions process
- Bar Council opposes entry of foreign laws firms in India
- SC refuses to offer any immediate relief to Vodafone
- Discussion Paper on Foreign Direct Investment in Limited Liability Partnerships
- IRDA to soon issue guideline for merger and acquisition
- MAT is no more minimum alternate tax
- Government may soon exempt the entire 9.5 per cent interest on provident fund deposits for 2010-11
- Know about different status of challan in TDS/TCS statement
- Extension of Common Proficiency Course (CPC) registration date till 4th October, 2010
- ICAI issues List of examinations treated as equivalent to senior secondary (10+2) examination
- Know about three judges who delivered Ayodhya ruling
- IT department searching Global Group offices across India
- IDFC – tax-saving long-term infrastructure bonds under section 80CCF of the Income Tax Act, 1961
- Allahabad High Court Verdict in brief in Ayodhya Case
- Brief Summary of Allahabad High Court decision in Ayodhya Case
- M/s Panasonic India Pvt. Ltd. Vs. Income-tax Officer (ITAT Delhi)
- Decision of Hon’ble Allahabad High Court in Ayodhya Matters (Ram Mandir /Babri Masjid)
- Foreign Trade Policy (FTP), 2009-14- Circular No. 38 /2010-Custom Duty
- Apprentices are ‘regular employees' for EPF coverage
- Section 297 and 299 of the Companies Act, 1956
- Exposure Draft of Schedule XIV to the Companies Act, 1956
- Stay petition – Expenses in the nature of sales promotion, liaison, infrastructure facilities etc cannot prima facie be termed as out of pocket expenses and are integral part of the services provided
- Dispute Resolution Mechanism under the Payment and Settlement Systems Act, 2007
- Government considering new law to multinational audit firms responsible
- Delay in filing Return of Income due to late appointment of auditor must be condoned
- National Launch of Unique Identification Numbers (Adhaar)
- PIL alleges Sales Tax scam of over Rs 100 crore
- Reserve Bank of India allows companies to act as business correspondents for profit
- Finance Minister Releases the First Budget Manual of Union Government
- RBI circular on Bank loans for financing promoter’s contribution
- Order of the Madras HC on the legislative competency of the Parliament to levy Service Tax on Information Technology Software Services
- Exemption to penultimate sale under section 5(3) of the CST Act, 1956 – Decision of the Constitutional Bench of the SC
- Delivery of 150 Mercedes Car on single day on 14th October in Aurangabad
- ‘No capital gains in Hutch deal; no tax payable’- Vodafone
- SC to decide soon on levy of sales tax on incidental charges like transportation, packaging, labour etc.
- Makes CENVAT Credit (Fifth Amendment) Rules, 2010, Central Excise Notification No 29/2010 CE(NT), 24-09-2010
- Illegal use of Satellite Phones in India-Circular No.37/2010-Customs
- Supreme court declines to stay Bombay HC order in Vodafone tax plea case, Fresh Demand Notice soon
- ICAI may be roped in to finalise mines profit-sharing regime
- SEBI, bourses up vigil for market manipulators
- Due date for filing income tax returns for A.Y. 2010-11 / Financial Year 2009-10 extended from 30/9/2010 to 15/10/2010
- Depreciation allowable on membership card of the BSE -Supreme Court
- Direct Taxes Code Bill, 2010 – Summary of Key changes proposed
- Human intervention necessary for technical services
- An undertaking can continue to enjoy tax holiday even if the ownership changes
- Unless conduct of the party is mala fide, delay should be condoned
- Pranab launches pension scheme for unorganised sector
- Maytas to file review petition with CLB to induct four directors of Saudi Bin Ladin Group
- Allowability of money spent on Fan Club by celebrities
- Satyam auditors been targeted : ICAI President
- E-Return filing Compulsory for all dealers whose, taxable turnover exceeds Rs.50 lakhs.GUJARAT VAT
- Govt may soon fix on number of directorships a person can hold
- Interest in excess of 8.50% on EPF will be taxed
- DTC proposes to levy wealth tax on productive assets held in foreign arms
- Use of detective services by Indian Companies to keep check on Employees and rival companies is on high
- SEZs to be operational before March 2014 to get tax benefits under the proposed Direct Taxes Code
- Bhupen Dalal’s flat to be auctioned to recover Income Tax dues
- Govt neutralises tax impact of first year of DTC regime by withdrawing Profit linked incentives
- Sebi likely to tighten norms on IPO advertisements
- Mahindra Satyam will delist from New York Stock Exchange (NYSE)
- Stock Trading Via Mobiles
- Sub-sections (2) and (3) of section 14A and Rule 8D are constitutionally valid
- Reopening of assessment under section 147 for mistakes that could be rectified under section 154 is invalid
- DTC 2010 introduces investment linked tax incentives instead of profit based incentives available under the Income Tax Act
- DTC- 2010- Major amendments related to assessment, appeal, penalty and withholding tax
- According to Chicago Convention, service tax on air tickets charged by Indian government is illegal: IATA
- SC stays passing of any order in the case of Maruti Suzuki India related to payment of brand licensing fee and royalty
- MCA’s notice regarding renewal of Certified Filing Centres (cfc)
- No SMS service to bank customers for transactions
- ICWA in a Historic Accord with Russian Accounting Institute
- Ban on Bulk SMS and MMS Extended
- ICAI’s Comments on Draft Regulations for Sebi (Substantial Acquisition of Shares and Takeover Regulations), 2010
- FM optimistic of economy growing over 8.75 pc in FY11
- FII Investment Limit in Government Securities and Corporate Bonds Increased by US $ 5 Billion
- A Profile of Banks 2009-10
- Approval for introducing the National Identification Authority of India Bill, 2010 in Parliament
- Licenses and Approvals are “intangible asset and eligible for depreciation under the IT Act, S. 263 Revision only on ground of non-application of min
- Johnny and Service Tax Refund-Series- II, Part- 1- INVOICE
- Points to be noted for E-filing of I-T return for AY 2010-11 for Corporate Taxpayer in respect of signing of ITR
- Larger Bench decision on the concept of ‘transaction value’
- LIST of CA firms to be considered for appointment as statutory central auditors for the year 2010-11
- Empanelment with United Bank of India for Concurrent Audit
- Clarification on PAN encrypted Digital Signature Certificate (DSC)
- Emami settles dispute over ‘Zandu Balm’ song
- Banks not in favour of deregulation of interest rate on savings bank accounts
- Parliamentary panel not satisfied with RBI reply on FEMA Violations in IPL series
- State governments present modified version of the proposed GST regime
- Approvals for setting up units in SEZs will be done electronically from October’
- ICAI to Organize Round Table Conference on Commerce & Accountancy Education in India
- Conversion of free shipping bills to export promotion scheme shipping bills and conversion of shipping bills from one scheme to another
- Minor corrections in Public Notice No. 2 (RE2010)/2009-14 dated 23.8.2010
- DEPB sale proceeds cannot be broken down into “profits” and “face value”.
- Foreign company’s transfer of shares to wholly owned Indian subsidiary not taxable in India
- Transfer Pricing- Applicability of Arm’s Length Standard to Marketing of Intangibles
- Jammu & Kashmir -Due date for filing ITR extended to 30/11/2010
- ‘Brand’ eligible for depreciation
- Conversion of units of UTI into UTI tax free bonds would not be treated as transfer
- Direct Taxes Code Bill, 2010- Provisions affecting Mergers and Acquisitions
- Order passed by the Tax Officer after applying the AAR ruling in petitioner’s own case cannot be revised by the Commissioner based on some other AAR
- Determination of Fair Market Value of the Property Other Than Immovable Property
- Mere leasing of dredger (equipment) does not give rise to a permanent establishment
- An entity cannot be disregarded merely because it is a tax resident of a country with which India has a favourable Tax Treaty
- Finance ministry in a fix over the proposed implementation of point of taxation rules for service tax from October 1
- Mahindra Satyam may declare it’s financial for last two years on September 29
- All about trading in shares through Mobile Phone
- RoC may be empowered to conduct searches and raids
- LIC launches Endowment Plus Policy- ULIP plan under the new IRDA regime
- Opposition by BJP ruled states may delay implementation of GST
- To crack down on illegal / Benami transactions govt plans to revamp Benami Transaction Act
- Income Tax Department surveys five companies in Chandigarh
- IDFC plans to raise Rs 3,400 cr through infra bonds
- Section 35(1)(iii) of the Income-tax Act, 1961 – Scientific research expenditure – Approved social science or statistical research associations or institutions- Notification No. 71/2010
- Items excluded from Capital Market Exposure
- Measures to streamline the processing of departmental litigation before the Courts and Tribunal-Circular No. 935/25/2010-CX
- Notification No. 96 /2010-Customs, notification about import anti dumping duty
- Supreme court likely to hear Vodafone case on September 27
- No Change in the Schedule of the Chartered Accountants Examinations, November 2010
- Transfers of Commissioners / Directors of Income-tax (Sept 2010)
- Allocation of work to the Directorate of Income Tax, Human Resource Development
- Circular No. 130/12/2010 – ST- Powers of adjudication of Central Excise Officers in Service Tax cases – instructions – regarding
- New services notified through the Finance Act 2010 (14 of 2010) and classification under the Export of Services Rules 2005 and Taxation of Services (Provided from Outside India and Received in India) Rules, 2006
- Common Errors Found While Processing ITR 4, 5 and ITR 6 for AY 2009-10
- CBDT relaxes requirement of encrypted PAN on DSC for non-resident signatories of foreign companies
- Mode of filing income tax return for taxpayers liable to Tax Audit
- Loss on dividend stripping transactions cannot be disallowed for years prior to introduction of specific anti-avoidance provisions
- Exempt income is liable to MAT
- Treatment of unabsorbed depreciation of financial year 1996-97 to 2000-01
- EPCG scheme cuts visits to licence office
- TDS on foreign remittance deductible only if tax is assessable in India
- Discount allowed on sale of Sim Cards is nothing but commission and TDS is applicable under section 194H of Income Tax Act 1961
- DTC propose to tax companies and individuals on income arising from investments overseas
- Appointment of Arbitrators and making the Domestic Arbitration Mechanism effective and affordable?
- Parliament to consider new Companies Bill in November
- Petroleum ministry wants continuation of exemption to oil and gas producers under proposed Direct Tax Code
- Computer training not exempt from service tax during the period 10th Sept 2004 to 15th June 2005 – SC
- Labour laws amendment bill to exempt unit upto 40 workers
- ICAI’s new role helps Indian cos take on MNC giants
- CA Bansi Mehta wants winding up of New India Assurance
- Tennis star claims he paid ‘fees’ to his dad
- Direct tax Code: Capital Gain taxation
- No third-party cheques for mutual fund investments
- Govt to decide on 3rd revised draft for GST after states’ meet
- Next Sebi chief’s salary only a fraction of CEOs’
- Sharp cut in tax refund rates to affect jobs, exports
- Finmin report calls for lifting curb on wheat exports
- In-bound Cross Border Money Transfer Service – Exclusivity Arrangements
- Criticising Higher Judiciary and Contempt?
- High Level Committee to Review Lead Bank Scheme – Providing Banking Services in every village having population of over 2000
- Prime Minister Reviews Financial Inclusion Efforts
- Mid-Quarter Monetary Policy Review- September 2010
- Inacuraccies in migrating data from Manual Registry into electronic registry under MCA21
- Clarification on Form 24G to be filed by Government Account Office
- Advance tax outflow may lead to cash crunch in the system
- Home loan takers to hit by hike in key policy rates by RBI
- Pension Trust fails get IT exemption – Affects over 34,000 pensioners
- Income tax Department raids, surveys at 51 offices of 3 pharma companies
- General Anti-Avoidance Rule (GAAR), Controlled Foreign Company (CFC) rules and Amendment in transfer pricing (TP) provis
- Eligibility of a local manufacturer/dealer to claim exemption from CST on the penultimate sale made to an exporter in connection with export of goods
- Draft framework of separate treatment for Department of Posts to grant license to act as Corporate Agents
- Establishment of Connectivity with both depositories NSDL and CDSL – Companies eligible for shifting from Trade for Trade Settlement (TFTS) to normal Rolling Settlement – Circular No. MRD/DP/ 31 /2010, dated 15-9-2010
- Companies Bill 2009 to become law by 31st March 2011
- Ministry of corporate affairs planning to set up new body to look into investor concerns
- Department of Posts to launch prepaid debit card
- PF accounts idle for 36 months or more months to fetch no interest
- Packaged food items may be exempted from the proposed Goods and Services Tax (GST)
- CII opposes proposed move to make rotation of Auditors compulsory
- Andhra Pradesh witnesses 25.3 per cent improvement in advance income tax collection
- CBEC demands Special Audit report of telecom companies to examine service tax angle
- Empanelment with ICAI to act as Examination Observer
- All Industry Rates of Duty Drawback, 2010-11 – Circular No. 35/2010-Custom
- All industry rates of Drawback, for 2010-11- Notification No. 84/2010 – CUSTOMS (N.T.)
- US protectionism, WTO worried but not a worry for Indian Companies
- DTC Bill 2010 exempts companies converting into LLP from Minimum Alternate Tax and Dividend Distribution Tax
- Government approves 10 percent hike in Dearness Allowance (DA) for govt staff
- Finance Minister Appreciates the Monetary Policy Tightening by RBI in its Mid Quarter Policy Review
- DTC Bill 2010 -Proposed changes related to ITAT
- Penalty Only In Case Of False Intention- SC to Taxman
- Separating collection & policy-making will benefit both CBDT & taxpayer
- Highlights of mid-quarter review of India’s monetary policy
- Refund of 4 Percent Additional Duty of Customs (4 percent Special CVD) in pursuance of NotificationNo.102/2007-Customs dated 14.9.2007
- Notification No. 83/2010 – Customs (N. T.)-Amends Notification No. 36/2001 – Customs (N.T.) – Palm oil, Palmolein, Soyabean Oil (Crude) and Brass Scrap (all grades) – Traiff Values
- Notification No. 95/2010-Customs-Amends Notification No. 96/2008-Customs- Duty free tariff preference for Least Developed Countries
- Notification No. 94 / 2010 – Customs- Exempts certain goods, from customs duty, when imported into India from Nepal, subject to certain conditions
- Government raises Interest on PF rate to 9.5 per cent
- RBI raises key short-term lending and borrowing rate to control inflation
- Reports of the Parliamentary Standing Committee on Finance on the Companies Bill, 2009 and the Company Secretaries (Amen
- ROC to take action against defaulting companies
- Union Cabinet approves amendment to the Forward Contracts (Regulation) Act 1952
- Union Cabinet approves amendment to the Multi-state Co-operative Societies Act, 2002
- Finance Minister Confident of Achieving 9% Growth in the 2011-12
- Direct Tax Code (DTC) Bill -2010- Provisions affecting Technology, Media and Telecommunications sector
- Eight of 16 Chief justices of India (CJIs) were ‘corrupt’: Ex-law minister
- Indian Railway Finance Corporation gets approval to issue tax free Bonds of Rs. 3800 Crore
- Registration of Voluntary Organizations and NGOs for assistance under Investor Education and Protection Fund
- Income Tax – IT – 70/2010 – Amendment in Notification No. S.O. 881(E), dated 14-9-2001
- Service Tax – Legal provisions and procedures for recovery of arrears/demands
- Legal provisions and procedures for recovery of arrears/demands of Excise Duty
- Legal provisions and procedures of recovery of arrears/demands of Customs Duty
- Vodafone files appeal in apex court
- RTI – Reliable tool to empower common man; CIC Meet concludes
- Banks and Income Tax Department fights over Rs 2200 crore recovered from Harshad Mehta Properties
- Accounting for Abnormal loss of stock can be due to theft, fire or other natural calamity
- New inflation index- meaning, negative and positive aspects, reason for inflation and how index is calculated
- Companies Bill 2009 may let companies challenge RoC probe
- Advance tax collection grows by 14 per cent in second quarter
- EPF the best risk-free tax savings option – Interest Rate increased to 9.50 PC
- Amends certain Notifications for inclusion of additional ports for the purpose of Export Promotion Schemes, CUSTOMS Notification No 93/2010, 14-09-2010
- Draft circular on arrear recovery manual for Central Excise, Customs and Service Tax
- Prevention of Money-laundering Second Amendment Rules, 2010 – Obligation of Entities authorised to operate Payment System in India
- Government not happy with CAG’s work
- Announcement – Constitution of a Group – (14-09-2010)
- Section 50C- AO can not tax the difference in the hands of the purchaser
- CBI moves Supreme Court for cancellation of bail granted bail to B Ramalinga Raju
- Non-executive bank directors should be Paid salaries on par with their private sector counterparts
- Under DTC regime New Pension Scheme (NPS) may become most preferred Investment Avenue
- DTC – Senior Citizens left with no practical avenues for making tax-saving investments
- Subsidiaries merger with parent company not exempt from stamp duty
- Vodafone approaches SC; challenges HC order on IT
- Ministry will examine Exemption Regime for Small Companies, One Person Companies, Private Companies and LLP
- CVC Recommends Major Penalty Proceedings Against 96 Officers 1387 Cases Disposed of in July 2010
- Big 4 must not take over audit of small Companies, says ICAI
- Draft Scheme of “On Site Audit”- In the Context Of Post Clearance Audit (PCA) For Imports
- Indirect Tax Collections Grows by 45.9 Per Cent During April – August 2010
- Government Committed to Give Public Sector Enterprises the Flexibility and Autonomy to operate Effectively in a Competit
- ICAI constitutes panel to develop alternative dispute resolution mechanism
- IT Press Release on E-Filing of I-T returns by corporate taxpayers
- RBI circular on Reporting under Foreign Direct Investment (FDI) Scheme
- Company law – Legal provision of Section 111A of the Act does not expressly restrict or take away the right of shareholders to enter into consensual arrangement or agreement in respect of shares held by them
- Highlights of the Report of the Standing Committee on Finance of the Parliament on the Companies Bill, 2009
- Companies Bill 2009- Auditors to pay investors for fraud by companies
- Tax officials scrutinising cross-border mergers like the Vodafone-Hutchison deal for possible tax evasion
- Income Tax authorities to accept without scrutiny the tax returns by the Indian units of foreign companies
- Satyam scam- CBI completes arguments on framing of charges
- IFRS standards notification likely in Dec: ICAI
- Customs – Notification No. 92/2010 – Exempts goods imported under the Export Promotion Capital Goods (EPCG) scheme
- Some issues pertaining to C forms under CST ACT 1956
- Direct Taxes Code Bill 2010- Settlement of Cases
- No withholding tax liability in case of payment made to producers, directors, and actors for financing film production under sections 194C and 194J of
- Onus is on assessee to submit relevant data which must be examined by the revenue for ALP determination by applying prescribed methods
- Income from services in connection with seismic surveys, data acquisition, processing and interpretation of such data is covered under Section 44BB of
- Royalty Payments not Taxable in India Sans Economic Nexus with Permanent Establishment
- Long term capital gain cannot be excluded from net profit for purpose of computing book profit under section 115JB
- Assessee to follow one of the methods prescribed and demonstrates that international transactions entered with associated enterprise are at arm’s leng
- Govt proposes relaxing FDI rules governing JVs
- Govt limits number of commodity bourses at 8
- 75,000 Small Coffee Farmers to Benefit from the Coffee Debt Relief Package: Anand Sharma
- Exposure draft on composite package of Standard Insurance Product – Rural & Social Sector
- Request for “Interpretive Letter” under the SEBI (Informal Guidance) Scheme, 2003 regarding acquisition of shares by promoters under regulations 11(1) and 11(2) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 1997 (SAST Regulatio
- Notification No.82/ 2010-Customs (N.T.), New Delhi, dated the 9th September, 2010
- Notification No. 81 / 2010-Customs (N.T.), New Delhi, dated the 9th September, 2010
- Declaring airports at Delhi and Sahar, Mumbai (Bombay) as ‘customs airports for the purpose of Courier Imports and Exports Regulations
- Amends Notification Nos. 91/2009-Customs, 94/2009-Customs and 99/2009-Customs all dated 11-09-2009 – Exempts materials imported into India against a Duty Free Import Authorisation issued in terms of Foreign Trade Policy
- Courier Regulations for the manual and the electronic mode- Circular No. 33/2010-Customs
- Service Tax – Notification No. 48/2010 – Amends Notification No. 30/2005 – Power of central excise officers for the purpose of adjudication u/s 83A
- ICAI announces Revised Structure of Question Papers for November, 2010 Examination
- Common Secretariat for Appellate Authority established under The Chartered Accountants Act, 1949, The Cost & Works Accoutant
- Income Tax department conducts nationwide searches on more than 70 premises of major real estate developers
- After Vodafone verdict IT department will investigate more cross-border mergers involving Indian assets
- Withholding tax deductible only if non-resident’s income chargeable to tax in India
- Attention members carrying out tax audit u/s 44AB
- Preparing Indian Banks for Global Competitiveness : Strategic and Policy Perspectives
- Recommendation to Make Formulation of a CSR Policy Mandatory for Big Companies
- Direct Tax Code Now in 2012
- Foreign Aid- Good or Bad
- Section 35C of the Central Excise Act, 1944 – Orders of Appellate Tribunal – Action on expiry of stay orders given by the CESTAT
- India’s External Debt – A Status Report 2009-10
- Utilization of ‘Investor Education and Protection Fund’ for providing Immediate relief to small Investors Suggested
- Brack Obama Says no Tax break to companies outsourcing work to other countries, Kamal says outsourcing by US not a favou
- Amendment of Appendix 22A related to Bank Realization Certificate (BRC)- Public Notice No. 09(RE-2010)/2009-14
- DTC proposes to tax loan waiver
- Government plans to convert accounting standards body into an independent regulatory entity
- ICAI changes examination timing of Examination to be held in November 2010
- Mumbai High Court dismisses Vodafone plea against Income tax Department on Hutch deal
- Service Tax on Software – Tax on goods versus tax on service – constitutional validity – legislative competence of the central government
- Cross Boarder transactions are subject to tax in India – HC in Vodafone
- Taxpayers Filing I-T Returns Electronically are Required to Mail ITR-V for AY 2009-10 To CPC Bengaluru by 31st December, 2010
- Supreme Court Upholds the Department of Custom’s Order of Duty Demand of worth Rs. 40 Crore Against M/S Pernod Ricard India Private Limited
- S. 195 Samsung Electronics Reversed By Supreme Court
- New Companies Bill 2009 to become law by fiscal-end
- Income tax Department, Mumbai collects Rs 34,000 crore as Direct Tax
- Circular on Levy of Clean Energy Cess, Dated – 08-09-10
- Central Excise – CE(NT) – 07/2010-Clean Energy Cess – Amends Clean Energy Cess Rules, 2010 [Clean Energy Cess Notification]
- Regarding excise duty on wires drawn from wire rods, Notification No 28/2010 CE(NT), 01-09-2010
- Harmonization of the Provisions of the Companies Bill, 2009 with the IFRS Recommended
- Vodafone verdict may discourage foreign investments routed through tax havens
- DTC may adversely affect the SEZS
- Indian banks must grow in size to become global players: FM
- ICAI Convocation – 2010 on 22nd September, 2010
- Brief not on Increase in wage ceiling for coverage of employees under ESI Act
- Govt soon to release monthly data on FDI outflows
- Private higher educational institutions have to disclose their income and expenditure
- DTC brings life insurance, health cover under one clause and reduced the overall deduction to Rs. 50000
- CBI denied permission to prosecute tainted income tax officials
- Single window clearance will help speed up SEZ progress
- SEBI mulls checks on ‘rating shopping’ by companies
- ‘Cap CEO Salaries, let shareholders decide pay’
- Google faces antitrust for its ranking of websites
- SEBI issues new rules for trading in merger bound companies
- FY11 tax collection may top budget estimate
- Corporate social responsibility should be voluntary: Mittal
- Ministry of corporate affairs studying parliamentary panel views on Companies Bill 2009
- Parliamentary Standing Committee Suggests Inclusion of all the Significant and Substantive Matters Included in the Corporate Governance
- The truth is out: PwC is losing its top professionals
- MCA releases preferable dates for filing annual return in alphabetical order
- Scheme for the Certified Filing Centres (CFCs) under MCA 21 e-Governance Programme
- Companies Bill set to bring conflict between SEBI and MCA
- Companies Bill to be tabled by Budget session: Khurshid
- DTC: Income of FIIs will be treated taxed as capital gains rather than business income
- DTC Bill 2010 restores the powers given to CBDT under the existing Income Tax
- Satyam case: Court allows accused to plead
- Comparison of Tax rates in DTC & Income Tax Act
- FM seeks views on GST from Parliamentary wings of all parties
- Government considering proposal to make Companies with captive mines to share profits with affected people
- Point of taxation rule is a new milestone
- New Companies Bill to rule out second Satyam episode
- Securities and Insurance Laws (Amendment and Validation) Act, 2010 (No. 26 of 2010
- RBI circular on Submission of data to Credit Information Companies
- Union Budget – 2010-11 – Interest Subvention Scheme – 1.5 per cent interest subvention and 2 per cent additional subvention for short-term crop loans in 2010-11
- RBI to look into deregulation of savings’ interest rate
- Government of India have announced the sale (re-issue) of (i) “7.17 percent Government Stock 2015”
- If there is lack of enquiry on part of A.O., provisions of section 263 can be applied
- Special Bench of ITAT on taxability of loss in case of forward foreign exchange contracts
- One cannot read provision of section 249(4)(a) into section 253(1)(b)
- Request for Informal Guidance under Securities and Exchange Board of India (Informal Guidance) Scheme, 2003 {The Scheme}
- Clarification on submission of Audit report under Regulation 55A of SEBI (Depositories and Participants) Regulations, 1996
- Implementation of Integrated Grievances Management System (IGMS)
- Unique identification number (UID ) soon be sufficient to open bank account
- Slow processing of Income Tax Returns, a reason for poor growth
- FM Asks Banks to Achieve the Target of Providing Banking and Financial Services to all Habitations of 2000 Population by
- Panel Recommends Making the Appointment Process of Independent Directors Independent of the Company Management
- RBI: Exclude banks from class action as proposed in new Companies Bill, 2009
- Income tax Department to track routing of money to betting syndicates in India and abroad
- Service Tax disputes may cost government 500 crore
- Fraud, fictitious offers rises in last 2 years: RBI
- Department of Information Technology (DIT) plans to e-Develop six core areas by 2015
- NSE gearing-up to launch mobile trading
- ICAI invites Suggestions on the Direct Taxes Code Bill, 2010
- Companies in which at least 50 per cent non-promoter holding not in demat form will be included in the TFT segment
- Easy exit scheme receives overwhelming response
- Direct tax code provides some certainty on tax treatment of a financial lease
- DTC: Changes related to taxability of house property income
- RBI suspends Vadodara based Asia’s oldest cooperative bank’s license
- Relief provided by DTC to Individual taxpayers
- RBI Governor earns less than 5 pc of top-paid bankers
- SBI considering the merger of all five of its remaining associate banks with itself
- Panel Advises the Ministry of Corporate Affairs to Reconsider the Provision Made for Excessive Delegated Legislation
- Parliamentary standing committee rejects renaming of ICWAI to ICMAI
- Net Direct Tax Collections Register 13.91% Growth During April-August 2010
- Export of Sugar – reintroduction of the system of export release orders w.e.f. 1.1.2009 for export under OGL/Advance Authorisation on ‘ton-to-ton’ basis-reg
- Amendment of Appendix 22A related to Bank Realization Certificate (BRC).
- Amendment of Appendix 25 C, Amendment 25 D and Sl.No. 9 under the note-reg.- Public Notice No. 8/ (RE -2010)/2009-2014
- Service Tax – Notification No. 47/2010 – Exempts the taxable service of outdoor catering – Centrally assisted Mid-Day Meal Scheme
- Service Tax – Notification No. 46/2010 – Amendments in the Notification No. 19/2007- ST, dated the 12th May, 2007 – Appeals to appellate Tribunal
- Courier Regulations for the manual and the electronic mode – Circular No. 33/2010-Customs
- Amends Notification No. 21/2002-Customs, dated the 1st March, 2002 – Exemption and effective rate of basic and additional duty for specified goods of Chapter 1 to 99
- Section 194C of Income-tax Act does not stipulate existence of a written contract as a condition precedent for payment of TDS
- Amends Notification Nos. 91/2009-Customs, 94/2009-Customs and 99/2009-Customs all dated 11-09-2009
- Regarding exemption to imported raw hides and skins and semi-processed leathers from customs duty
- Amends Notification No.153/2009-Customs, dated the 31st December, 2009 – Exempts goods, when imported into India from the countries as specified in Appendix I, from so much of the duty of customs leviable thereon as is in excess of the prescribed rate
- Amends Notification Nos. 91/2009-Customs, 94/2009-Customs and 99/2009-Customs all dated 11-09-2009, CUSTOMS Notification No 90/2010, 01-09-2010
- DTC No taxes break on payment of Home Loan Principal amount
- More provisions will be added to Companies Bill, says Khurshid
- Penalty u/s 271 on disallowance u/s 40(a)(ia)
- Income deemed to accrue or arise in India
- DTC- NRI staying in India for more then 59 days in a year have to pay tax on income earned outside India
- Finmin slaps Rs 758 cr service tax notice on DDA
- At this SBI branch, it takes Rs 1 crore to open an account
- Sebi floats new rules to curb price volatility
- Shri Salman Khurshid Says the Corporate Social Responsibility Should Be Imbibed into the Corporate Culture
- ESIC to Provide Secondary Medical Care and Supply of Drugs Directly in Remote Areas
- Dishonour / Return of Cheques – Need to Mention the ‘Date of Return’ in the Cheque Return Memo
- Time limit for filing ITR-V for assessment year 2009-10 extended – Press Release, dated 1-9-2010
- ICAI requests for extension of Easy Exit Schemes, 2010 and Company Law Settlement Scheme 2010
- Setting up of Section 25 Company for XBRL India
- GDP growth estimates to be revised if inaccuracies found- FM
- The Personal Laws (Amendment) Act 2010
- ICWAI President’s Message – September 2010
- Service Tax Planning – Limits of Management Consultancy Services – II
- GST roll-out may miss April 2011 target: Pranab
- Direct Taxes Code proposes to reduce penalties
- Is The Relief Provided to The Aggrieved Under “SARFAESI Act, 2002” Effective?
- Your mortgage record is under watch, Cibil launches Mortgage Check
- Direct taxes code restrain PSU and IT department from taking their disputes beyond a certain level
- ESIC Amendment Act, 2010- Key Highlights
- Expression ‘liable to tax’ in contracting State as used in Article 4(1) of Indo-UAE-DTAA not necessarily imply that person should actually be liable to tax in that contracting State
- It is obligatory on part of assessee to deduct TDS at the time of credit of interest income to account of payee or at time of payment thereof
- Provisions of section 194C not attracted to finance agreements between financing company and producers/directors of films/TV serials
- Reopening beyond 4 years on the basis of Supreme Court’s judgement not justified if assessee not failed to disclose material facts
- DTC: Investment in Pension Products may get tax exemption
- DTC: LTA may be exempted
- FM calls for concrete steps to recover Rs 38K cr tax arrears
- Panel recommends allow companies to donate more to political parties
- Advanced Economies Need Long-Term Efforts to Tame Public Debt, IMF Studies Find
- Direct tax code: Impact on Indian Companies
- DTC: LIC wants tax breaks on policies primarily used for investment rather than protection retained
- DTC: Its better to opt for higher basic Salary
- DTC – Money received or receivable from transfer of carbon credits will be treated as business income and taxed
- Direct Tax Code: Provisions merit your attention
- Penalty under section 271(1)(c) leviable, even if no tax is payable by an assessee
- AO cannot act u/s. 147 merely because he happened to change his opinion or to hold an opinion different from that of his predecessor on same set of facts
- For the purpose of computing deduction u/s 10B, speculation business cannot be considered as business of undertaking
- Penalty imposable under main provisions of section 271(1)(c) and there is no need to refer to any Explanations
- GST may miss April 2011 deadline
- Direct tax collections from Mumbai to be monitored: FM
- Merely because for purpose of stamp duty, property is valued at higher cost, it cannot be said that assesses has made more payment than what is stated in sale deed
- Announcement Relating to Study Material for PCC and Final (Old) Students
- Assessee not expected to demonstrate that contracts are not artificially split
- Extension of CFC-MCA21 Scheme
- ICAI Presidents Message – September 2010
- Relevance Of OECD Guidelines: Department’s View
- FM meets Income Tax officials and discussed investigation in tax evasion cases
- IFRS may not put an end to the accounting scams : ICAI President
- IDBI done away with the concept of minimum balance
- Government Proposes 5 Percent tax on Dividend distributed by mutual fund or life insurer
- Both Houses of Parliament Pass Twenty four bills during Monsoon Session
- Non Resident women not entitled to Higher exemption limit
- Direct tax Code 2010: Capital Gains Tax
- Salient features of Direct Taxes Code Bill, 2010 (DTC 2010)
- Amends Notification No. 36/2001 – Customs (N.T.), dated, the 3rd August, 2001, CUSTOMS Notification No 78/2010 (NT), 31-08-2010
- Regarding export of sugar against Advance Authorizations issued from 17.2.2009 to 30.9.2009, Customs Circular No 32/2010, 31-08-2010
- Uniformity in penal interest payable by banks for delays in credit / return of NEFT / NECS / ECS transactions
- Banks can accept IEC (Importer Exporter Code) issued to the proprietary concern as an identity document for opening of bank account
- Income tax department expected to soon get ‘IT’ fillip in sniffing out unaccounted wealth
- DTC: Tax incentives for business to be investment-linked
- Direct Tax code proposes to plug loopholes in Vodafone-type buyout
- Insurance Companies may pass on DTC gains to policyholders’
- Govt expects Direct Taxes Code (DTC) to increase the income tax base
- DTC: Bad news for Salaried- Leave travel Allowance (LTA) not available
- MAT will take sheen off SEZs
- Appointment of Surveyors and Loss Assessors – Circular No. 27/IRDA/SUR/CIR/AUG10, dated 27-8-2010
- FM Addresses Global Insurance Summit at Mumbai
- FM Exhorts CBEC and CBDT to Set-Up Standing Committee at CCs Level for Litigation Management
- Arbitration Mechanism in Stock Exchanges- CIR/MRD/DSA/29/2010 , Dated:August 31, 2010
- Execution of Power of Attorney (PoA) by the Client in favour of the Stock Broker/ Stock Broker and Depository Participant – Clarifications
- Mere fact that assessee has not stated date in appeal(s) memo and appeals were filed by scanned–signature, appeals can only say to be irregularity/ defective and same is curable one
- Exemption for import of goods for Commonwealth Games 2010- NOTIFICATION NO. 05(RE-2010)/2009-2014
- Exemption limit for wealth tax to go up to Rs 1 cr
- Govt Invites Comments on Report of Working Group on Foreign Investment in India
- DTC : Deductions in respect of Savings, Children Education Fees, Health Insurance, Life insurance and Home Loan Interest
- DTC: Jewellery, works of art, property to qualify as long-term investments even if held for a year
- SC directs IT dept to freshly decide issue of TDS on network sharing fees paid by telecom companies
- Summary of Key proposals of the Direct Taxes Code (DTC) 2010 at one place
- Service Tax-Submission of hard copy of documents necessary for granting online registrations
- Shares Income: LTCG remains exempt and Short Term Capital Gain taxable at half the rate under DTC
- Synopsis of Annual Supplement 2010-11 to Foreign Trade Policy (FTP), 2009-14
- Recognised Provident Fund : 8.5 percent rate notified under rule 6(b) of Part A of IVth Schedule to the Income-tax Act, 1961
- Visa fees hike: US trying to understand the impact
- DTC: Anonymous donations taxable at the rate of 30% as against 15%, Income of trust above one lakh will be taxable
- DTC – MAT rate on book profit will be 20 percent
- India may implement free trade agreement (FTA) with Indonesia and Cambodia
- Bill providing voting right to NRIs gets Rajya Sabha approval
- Minimum Wages Act, 1948 applicable to Co-operative societies
- DTC proposes five per cent dividend distribution tax on mutual fund houses and life insurers
- Proposed direct taxes code to strengthen India’s tax demands on cross-border acquisitions
- New ULIP norms applicable from 1st September 2010 are beneficial for policyholders
- Service tax on on-going works contracts entered into prior to 1 June 2007
- Text of the Statement made by FM in Reply to: Lok Sabha and Rajya Sabha Regarding Protocol for Avoidance of Double Taxation between India and Switzerland
- Law Relating To Arbitration and Conciliation
- Proposed Direct Tax Code to give relief to corporate tax payers
- Tax havens protecting Hawala operators
- DTC : Annual deduction raised to Rs. 1.5 lakh
- Direct Tax code kept exemption limit for women same as for for general tax payers
- DTC to be bulkier than existing Income Tax Act
- Penalties & Prosecutions under Income tax Act, 1961
- All about Advance Ruling under Chapter XIX-B of the Income-tax Act
- Common ERRORS committed while availing services on MCA portal
- Govt. Rejects Tobacco Institute of India’s Demand for Reduction in Excise Duty on Filter and Non Filter Cigarettes
- No Additional Tax Levied on Vehicles Going to Amarnath and Vaishno Devi
- Charging of Capitation Fee and Misleading of Students by Educational Institutes
- Amendments in Right of Children to Free and compulsory Education (RTE) Act, 2009
- India and Switzerland Sign Double Taxation Avoidance Agreement
- Software is a good
- Voltage stabilisers are electronic goods
- Demand for electricity bill arrears cannot be raised again
- Court cannot order payment of interest against the contract
- Tax evader cannot revise application for settlement
- DTC delayed by a year, post implementation government will lose over Rs 53K crore
- Procedure for Verification of marks for CS Exams held in June 2010
- Govt exempts Commonwealth Games helium balloons from customs duty
- Receiving HRA? Rent a house to save Income Tax
- Decision of EPFO trustees would be final on whether a portion of Rs 5 lakh crore of provident funds should be invested in shares
- Under DTC regime investment in ELSS will not enjoy deduction from Taxable Income
- SEZs will continue enjoying exemption till 2014 but have to pay 20 Percent MAT
- DTC proposes to continue with exempt-exempt-exempt (EEE) method of taxation and deduction of Interest on Home Loan
- FAQ on opening of Demat account by Non-Resident Indian [NRI]
- Enforcement Directorate takes possession of 4,000 acres land belonging to Satyam founder B Ramalinga Raju and his family members
- DTC: Tax experts not liked the proposed move to hike MAT rate to 20 pc from existing 18 pc
- Rise in base rate won’t affect fixed rate contract
- Satyam Scam: SC asks Raju and four others as to why their bails should not be cancelled?
- Swiss banks to share Client info according to conditions set out by the Organisation for Economic Cooperation and Development (OECD)
- Delhi High Court ruling on transfer pricing aspects of marketing intangibles
- Service Tax: Suggestions on Draft ‘Point of Taxation rules’
- Customs Circular No 31/2010, 30-08-2010, Regarding import of goods under Notification No.13/2010-Customs dated 19.2.2010 for Commonwealth Games, 2010
- New Direct tax Code will be Applicable from April 1, 2012 instead of April 1, 2011 , Download DTC Bill 2010
- Clarification regarding non-applicability of Anti Dumping Duty under Notification No.15/2007-Cus dated 20.02.2007 to Spandex Yarn (Elastomeric Yarn) falling under Tariff Item 5402 44 00
- Section 29B of the Industries (Development and Regulation) Act, 1951 – Power to exempt in special cases – List of items reserved for exclusive manufacture in small scale sector notified vide Notification No. S.O. 477(E) – Amendment in Notification No. S.O. 477(E), dated 25-7-1991
- CUSTOMS Notification No 85/2010, 30-08-2010, Regarding continuation of anti-dumping on imports of Acrylic Fibre originating in, or exported from, the Japan and Belarus
- Prohibition on export of Wheat – exemption for export to Bangladesh- NOTIFICATION NO. 04 (RE-2010)/2009-2014
- Prohibition on export of Non-basmati Rice – exemption for export to Bangladesh – NOTIFICATION NO. 03 (RE-2010)/2009-2014
- Prescribing SION for one new products “Propylene” under Chemical & Allied Products Group
- Inclusion of Finished Leather in the Focus Product Scheme of FTP 2009-14:- Appendix 37D of Handbook of Procedure Vol. 1 and some minor corrections in Appendix 37A
- Corporal punishment banned in all schools affiliated to Central Board of Secondary Education
- Informers can receive up to 20 pc of tax evaded in case of Indirect Tax and 10 pc in case of direct tax
- General Circular No: 3/2010 dated 10.08.2010 – Easy Exit Scheme, 2010
- IT department proposes national e-management system for quick disposal of tax disputes
- Ex-It officials file petition in SC to make it mandatory for taxpayers to declare offshore bank accounts while filing Income Tax returns
- ICAI probe on IPL may disclose if team owners had contravened auditing norms
- After two former Satyam Computer auditors another accused denies role in Satyam scam
- Primer on Public company limited by shares, Private Company limited by shares, Unlimited company, Government company, Mutual benefit company, Company limited by guarantee, section 25 company, Registration of Partnership and co-operatives as companies
- Disclosure of agency details on policy document
- Direct Taxes Code: Proposed rates of TDS
- CBI registers graft case against 2 Bank of India officials
- IRDA circular on Electronic Transaction Administration and Settlement System (ETASS)
- ICAI to train accounting technicians at Abu Dhabi from next year
- Download CA Final Old Course and New Course May 2010 Suggested Answers – As issued by ICAI
- Amends Notification No. 13/2010-Customs, dated 19th February 2010 – Exemption of customs duty on specified goods when imported into India for the purpose of organising the Common Wealth Games, 2010
- Subscribers of retirement fund manager EPFO likely to get 8.5 per cent interest on their deposits in current fiscal
- ICAI report will not help in regulating the profession and in prevention of fraud like Satyam: MCA officials
- Procedure on Corporate Take over SEBI Committee Suggests Compulsory Open Offer of 100 Per Cent Shares of Target Company
- A to Z of Limited Liability Partnership
- FAQ On Penalty: In General & Service Tax in Particular
- Anand Sharma to take up visa fee hike with US
- Campus Placement Programme for newly qualified Chartered Accountants August-September, 2010
- ‘Examination of Minority Shareholders’ interest in Cairn India Ltd deal keeping in mind future of the securities market
- Transfer Pricing Provision- Mere geographical contiguity of two countries need not mean similarity in economic or market conditions
- CUSTOMS Notification No 77/2010 (NT), 27-08-2010, Exchange Rate notification for Import / Export of goods with effect from 1st September, 2010
- Exemption for import of goods by the Organising Committee of Commonwealth Games 2010
- Mandatory disclosures by the media of its stake in corporate sector
- SEBI circular clarifying Introduction of Call Auction in pre-open session issued to BSE and NSE
- SEBi Circular on Introduction of Smart Order Routing
- Sebi allows trading in shares using mobile phone/ Wireless Technology
- No appeal lies to Supreme Court u/s 10 of Special Courts (Trial of Offences Relating to Transactions in Securities) Act, 1992 against interlocutory orders passed by Special Court
- Section 144C of the Income-tax Act, 1961 – Reference to dispute resolution panel – Constitution of Dispute Resolution Panel (DRP-II, Mumbai) comprising of three Commissioners/Directors of Income-tax
- Cabinet approves DTC, Will benefit taxpayers, Home Loan Interest exemption will continue
- Ministry of Corporate Affairs releases e-learning programme for Corporate Governance Voluntary Guidelines 2009
- Five AP judges caught cheating in law exam
- ICAI issues List of Persons found guilty under First Schedule
- Government likely to appoint SBI and NSDL to implement infrastructure for GST
- Data quality in Electronic Accounting System in Central Excise and Service Tax (EASIEST) – Assessee Code Mandatory for Excise and Service Tax payments
- Common Reasons for Rejection of Company name applied to ROC in form 1A for approval
- Property statements are not ‘confidential’ info and can be disclosed under the RTI act
- IRDA slaps fine of Rs 20L on Bharti’s insurance firms
- Cabinet nod to DTC bill; exemption limit upped to Rs 2 lakh
- Govt. considering amendment in RTI Act
- Govt takes action against companies violating the provisions of Section 383A of the Companies Act, 1956
- Public Interest Disclosure and Protection to Persons Making the Disclosure Bill, 2010” Tabled in Lok Sabha
- Amendment to include PAN in Digital Sign issuing (ITR filing purpose)
- Frequently asked question and answers on Limited Liability Partnership (LLP)
- Delhi I-T dept fails to produce 95 percent of records asked by CAG
- IRDA Circular on Medical insurance policies and cashless facilities
- Supreme Court rules that an element of human intervention required for taxing a payment as ‘fees for technical services’
- MCA issues instruction on filing of Annual Returns with ROC
- High Court refuses to direct state government to recover entertainment tax on IPL matches
- IPL tax case: Sharad Pawar gets clean chit
- Government may soon allow foreigners to set up LLP in sectors where 100% foreign investment is allowed
- Income-tax exemption rate for interest on Recognised Provident Funds fixed at 8.5 per cent with effect from 1 September, 2010
- No Income Tax raid for next one month
- Six Lessons for Individual Professionals
- GST unlikely to be implemented from scheduled date of April 1, 2011
- Dy. Director of Income Tax (International Taxation) Vs. M/s Avaya Global Connect Ltd., (ITAT Mumbai)
- Direct Taxes Code Bill likely to be introduced in the ongoing monsoon session
- If shareholders approves the Cairn deal, I don’t come in, says Khurshid
- SEBI can take action against CAs, if their activities are detrimental to the investors or the securities market
- IRDA asks insurance companies to no to do business with corporate agents who failed to register PAN with it
- IRDA has no plans to cap charges and assures on approving new ULIPS on time
- Govt rejects 70% income tax refunds for reason not in control of taxpayers
- Service tax on on-going works contracts entered into prior to 01.06.2007- Circular No. 128/10/2010-ST
- RBI releases Annual Report for 2009-10
- Exporters welcome incentives worth Rs 1,052 crore announced by the govt in annual review of the Foreign Trade Policy
- Sops to Textile Units in Eleventh Plan
- Annual Valuation of EPF Scheme, 1995
- After order u/s 143(3) of the Act, no rectification order u/s. 154 could be passed to rectify the intimation u/s 143(1)(a) of the Act – HC
- ICAI likely to seek powers to penalise errant audit firms with prior approval from government
- Depreciation-Allowability-Trucks in the names of directors
- Can the valuation done by any authority of the State Government for the purpose of payment of stamp duty in respect of land or building be taken as actual sale consideration received by the purchaser?
- Can the notional interest on interest free deposit received by the assessee in respect of a shop let out on rent be brought to tax as “Business income” or “Income from house property”?
- Allowability of remuneration when partnership deed not specify the remuneration payable to each individual working partner but lays down the manner of fixing the remuneration
- Does the Central Board of Direct Taxes (CBDT) have the power under section 119(2)(b) to condone the delay in filing return of income?
- ICAI Special Counters on 25th/26th August,2010 for the receipt of filled-in Examination Form- 24th August,2010
- Gmail Now increases “Undo Send” Duration to up to 30 Seconds
- Is it so difficult to reform our Legal System or Judiciary?
- Development of IT infrastructure must before implementation of GST
- EX Satyam Chairman Mr B. Ramalinga Raju finally appears before the court
- Modification of ANF5A, ANF5B, Appendix 26 and Appendix 26A in Handbook of Procedures Vol.1 (RE:2010)
- Amendment in ANF8 Appendix 14-I-G and deletion of Appendix 14-II
- Amendment of ANF 4A and Appendix 11A, related to Advance Authorisation Scheme vide PUBLIC NOTICE No. 3 / (RE: 2010)/2009-2014,
- Amendments in the Reward/Incentive Schemes of Chapter 3 of FTP 2009-14:- Appendix 37A, Appendix 37D of Handbook of Procedure Vol. 1
- Handbook of Procedures (Volume 1) incorporating Annual Supplement as updated on 23rd August, 2010
- Foreign Trade Policy, 2009-2014 incorporating the Annual Supplement as updated on 23rd August, 2010
- Shri Salman Khurshid to launch an E-Learning Module on Corporate Governance tomorrow
- ICAI invites Suggestions/views from all members with regard to the changes/ modifications required in the Code of Ethics, 2009 in view of the revised edition of IFAC Code of Ethics( 2010)
- Place of effective management essential to substantiate the residential status of the Mauritius company while claiming the capital gains exemption in India
- Fiscally transparent partnership firm eligible for tax treaty benefits and application of “force of attraction” rule to profits indirectly attributable to PE
- Sebi plans to make listing of all mutual fund schemes mandatory
- Sharma allays fears on SEZ tax sops
- Fake income tax commissioner held for extortion
- Summary of Examiners’ Comments on the Performance of Candidates [Final (Old) Course and Final (New) Course, May 2010 Examination]
- ICWAI Inter and ICWAI Final Result of June 2010 under Syllabus 2008 will be declared on 31.08.2010
- Ignorance of the law cannot be an excuse for buying an illegal unit
- Temporary transfer of rights to copy in a limited manner chargeable to service tax: Department tells HC
- Onshore software development revenues of IT companies under tax scanner
- The Supreme Court asks tax authorities to get the help of technical experts while deciding income tax liability of cellular service providers
- Full and true disclosure of undisclosed income and their manner of acquisitions is mandatory for settlement
- CCI proposed setting up of state-level commissions to safeguard interests of small businesses
- Annual Supplement 2010-11 to FTP : Govt announces Rs 1,050 crore incentive for exporters
- Highlights of Annual Supplement 2010-11 to Foreign Trade Policy (FTP), 2009-14
- Speech of Minister of Commerce & Industry on Annual Supplement 2010-11 to the Foreign Trade Policy 2009-14 on 23.08.2010
- RBI not happy with failure of public sector banks in business process re-engineering
- Penalty cannot be imposed if there is a genuine reason for delay in filing Income Tax Return
- DLF questions CCI powers initiate proceedings against it before Competition Appellate Tribunal
- Now, depositors can opt for floating rate on fixed deposits
- Bankers worried over RBI proposal to cap foreign shareholding in banks at 50 per cent with a lock-in of 10 years
- Oil Min wants courts to decide on gas-tax holiday
- Swiss banks list out four conditions for sharing info
- Black money trail: CBDT signs pact with Financial Intelligence Unit (India) FIU
- Brief on Report of Takeover Regulations Advisory Committee on proposed Takeover Regulations
- Overview of Regulatory framework of Core Investment Companies
- FUTP Regulations – Regulation 3(b) does not import any concept of fraud at all
- Charges towards reimbursement of expenses cannot be included in income
- Mere receipt of money through banking channels not sufficient to prove genuineness of its receipt as a gift
- Credit for brought forward MAT is to be given from gross demand before charging interest u/s 234B
- The Court can condone the delay in spite of fact the delay is very enormous, if the Court is satisfied, with the reason stated in the affidavit
- A writ petition is not ordinarily maintainable to challenge order of the Tribunal (ATFE)
- Giving of reasons is an essential element of administration of justice
- Where employer bank has given loan to employees at rate of interest lower than SBI lending rate, value of concessional loan is taxable as perquisite
- It is not imperative for assessee-bank to close individual account of each of it’s debtors in it’s books for claiming deduction under section 36(1)(vii)
- For working out application of proviso to Section 112, there is nothing in section which would deprive assessee of indexation claimed on sale of shares where there was a resultant loss
- Expression “issue and transfer of securities and non-payment of dividend” in section 55A of Companies Act covers misstatement in prospectus
- There cannot be a further liability fastened on a proprietary concern in respect of credit entries which have already suffered tax in hands of a company with which said concern got merged
- Bar provided in section 80-IA(3) is to be considered only for first year of claim of deduction u/s 80-IA
- Section 244A r.w. Explanation thereto does not exclude payment of interest on refund of self assessment tax
- New bill for voting rights to NRIs introduced
- Government Panel recommends Customs duty cut on rubber imports
- Hydrocarbon companies asks the Government to remove uncertainties over tax and marketing regime before ninth round of bidding for oil and gas areas
- Comprehensive land acquisition bill soon: Govt
- Govt seeks public comments to amend trademark rules
- Sterlite evaded duty in copper export waste: Customs
- External Commercial Borrowings (ECB) — Liberalisation for Services Sector
- Administration in GST – Moving Upstairs or Downstairs
- My views pursuant to Judgment in R. K. Jain’s Case
- Regarding Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury-Notification No. 83/2010-Customs
- Corrigendum to Custom Notification No. 80/2010 Dated 10th August, 2010
- Regarding imposition of definitive anti-dumping duty on imports of the subject goods originating in, or exported, from the subject country
- CBDT put burden on Taxpayers to persuade the deductors to rectify the deficiencies in TDS returns filed by them
- Government making Efforts to reduce tax burden for Indian companies in United States
- Several provisions in DTC weighed heavily in favour of revenue
- Income-tax rates could be reduced in the proposed Bill for new Direct Taxes Code
- Submission of Online Form for Chartered Accountants Examinations, November 2010.
- Sebi and mutual funds asks finance ministry to continue tax benefits on equity linked schemes in DTC
- Government to streamline process of appointment of independent directors in Public Sector Undertakings
- Higher Rate of Interest under Senior Citizens Saving Scheme
- Interest Subsidy Scheme on Educational Loan for Economically Weaker Sections (EWS)
- Government appoints 2463 Advocates for handling govt cases: Law Minister
- Regulatory Body for Real Estate Sector: 350 suggestions received
- Mahatma Gandhi National Rural Employment programme may be Audited by CAs
- Extension of ACP Programme to Export Houses / Trading Houses – Circular No.29/2010-Customs
- Secretary, Ministry of Corporate Affairs, Reviews the Progress of Investor Education Initiatives of the Ministry
- Special court posts Satyam computer fraud case hearing to Tuesday
- 449 Hospitals to Provide Cashless Facility to the Insured and also Package Rates for 41 Common Surgical Procedures
- Indian corporates to face tough norms in global government purchase orders
- Customers of a Bank Allowed to Withdraw Cash Five Times in a Month Free of Charge from other Banks’ ATMs
- SFIO may be engaged to recover bad loans from companies
- Finance ministry asks Irda, Sebi to park surplus with government
- Disagreement between states and center may further delay GST rollout
- International Financial Reporting Standards, DTC will make next fiscal challenging for Chartered Accountants
- RBI invites Stakeholders for Discussions on the Paper on ‘Entry of New Banks in the Private Sector’
- Apply in IFCI bond before August 31, 2010 to avail deduction of Rs. 20000 U/s. 80CCF
- Jugaad- The key to India’s rapid economic growth
- Pathetic Situation of Lawyers with the Filing System in Courts and In the Absence of Required Guidance?
- Applicability of Service Tax on Air Ticket
- SEBI proposes to raise the IPO investment limit for retail investors from the current Rs 1 lakh to Rs 2 lakh
- Satyam Investigation may get hampered after bail to its former, Chairman, B. Ramalinga Raju
- Petitioner has no right to take his counsel with him at time when his statement is recorded by Enforcement Directorate pursuant to summons issued u/s 37 of FEMA, 1999
- All payments by way of deemed dividend taxable in the hands of the recipient of the dividend namely the shareholder
- Even if it is assumed that the assessee was authorized to collect sales tax and retain with it, the same will be chargeable to tax as trading receipt
- States free to fix their own State GST rates
- ICAI opposition to change of name by ICWAI may delay amendment to LLP Act
- No rational basis to confine allowability of expenditure incurred on premium paid towards Keyman Insurance policy only in respect of life of an employee
- Once an issue was considered and decided by CIT (Appeals), remedy of Revenue cannot lie in invocation of jurisdiction u/s 263
- Genuine transactions with tax saving motive are valid
- Appellate authority cannot refuse to grant opportunity of hearing to petitioning assessee to defend order passed by original authority at instance of assessee
- It is open to an assessee to exhaust remedies as provided for u/s 144C against transfer pricing order passed u/s 92CA(3)
- Goods and Services Tax : FM agrees to demand for more time
- Government wants banks to implement system involving zero human interference in identification of NPA
- Government Deputes Senior Officers to Oversee Preparations of Commonwealth Games
- Legal Action against Companies for Non-Redressal of Investor Grievances and Mechanism for Redressal of Investor Grievances
- IPL franchises not complied with Companies Act provisions
- Receipt number to be quoted in Form 16/ 16A
- The Birth of New Private Banks
- FAQs Relating to Work Related Visas Issued by India
- Satyam Founder B Ramalinga Raju gets bail
- A brief on Amendment in Foreign Trade (Development and Regulation) Act, 1992
- Urban land utilised for construction of a building with approval of prescribed authority is not subject to Wealth-tax under definition of “asset”
- Warehouse is taxable Asset under section 2(ea)(i) of Wealth-tax Act
- Government orders inspection of Koda-related front companies
- GST Council not to Disturb or Alter Primacy of Legislature in the area of Taxation: FM
- FIPB approval proves Nexus of Hutch-Vodafone Deal with India
- Duty & curbs on cotton exports to go from Oct 1
- SEBI circular on Transferability of Mutual Fund units
- Process of drawing of wire from wire rods amounts to manufacture of thing or article within meaning of section 80-IC of the IT Act, 1961
- Assets of a company in liquidation cannot be disposed of at the mere pleasure of the company
- S. 50C appliies only to capital gains in real estate transaction in respect to seller
- Valuation of Goods cleared in DTA by EOU’s.- Circular No 933 /23 /2010-CX
- Once source is proved, it is not possible to treat deposits collected from public under provisions of Companies Act as unexplained credits
- In the absence of clear finding as to concealment of income furnishing inaccurate particulars, initiation of penalty proceedings will be without jurisdiction
- Penalty cannot be levied u/s 271D for receiving cash from borrower by a lender in violation of section 269SS
- No direct decision in favour of Revenue for levy of service tax on the service component of a works contract prior to 1-6-2007
- Perpetual succession in appointment of trustee, cannot dis-entitle assessee-institution from getting registration u/s 12AA IT Act, 1961
- On non-compliance with statutory condition precedent, reopening of an assessment cannot be sustained
- While granting registration u/s 12AA Commissioner not expected to see other provisions of the Income Tax Act, 1961
- Statement taken u/s. 133A during survey cannot have same value as evidence recorded during search u/s 132(4)
- Persons deputed by foreign company to an Indian company cannot be considered as its PE in India when services rendered by them are independent and not under control of that company
- Co-operative society eligible for deduction u/s 80P(2)(a)(i) on Interest Income from banks on deposits and balance in saving account
- Payment made by AAI to Raytheon company (RC) for supply of software for `Automation upgrade for third runaway at IGI Airport’ can be legitimately brought within fold of Article 12(4)(b), if not article 12(3) of Indo-US Tax Treaty
- Indo-US Treaty: Consideration received by American company from applicant-Indian company for providing Architectural design services is liable to be taxed in India as fees for included services’
- Reopening of an assessment on mere change of opinion without any tangible material is unsustainable
- A special provision in the I-T Act cannot be pressed into service to deny the benefit which is otherwise due to FII under the tax treaty provisions notwithstanding their conflict with the domestic law of income tax
- ICAI to seek oversight of audit firms
- SEBI circular on Review of norms for investment and disclosure by Mutual Funds in derivatives
- Easy Exit Scheme Affidavits, Board Reolution and Statement of Account in Excel Word Format
- I-T department claims jurisdiction to levy tax on acquisition of Hutch-Essar by Vodafone
- Short passwords not secure, Longer passwords are better
- Taxability of activity of re-rubberizing of rollers/spindles for use in printing – Prima facie no case for full waiver of pre-deposit
- Supreme Court admits excise department’s plea against Hindustan Coca-Cola Beverages
- Rs. 786.27 Crore Seized During Search and Seizure Operations in 2009-10
- HC grants interim stay on Service Tax levy on buildings under construction
- NFCG invites proposals for accreditation / financial grant for the year 2010-11
- Setting up of Technology Advisory Group for Unique Projects Including New Pension Scheme (NPS) and Goods and Service Tax (GST)
- GST Bill will be tabled in Parliament next week
- India’s exports of goods and services are expected to double by 2014
- Operational Guidelines for the Swavalamban Scheme Announced
- Vedanta deal: Cairn Energy may pay $1 bn as capital gains tax
- Withdrawal of Medical (Cashless) Insurance Products by Public Sector Insurance Companies
- IRDA circular on Advertisements of Life Insurance Products
- Committee headed by dy. Governor, RBI set-up for Comprehensive Review of National Small Savings Fund
- Performance of RRBS Reviewed; Directed to Focus on Financial Inclusion; to Open 2000 New Branches by March 2011
- Amended earlier Notification No. 44/2009-14 dated 21.05.2010 Cotton, not carded or combed free with effect from 01.10.2010- DGFT Notification No. 58/2009-2014
- Export of Basmati Rice including PUSA Basmati Rice- DGFT Notification No. 57/2009-2014
- Tax Authority can not treat the Taxpayer as a conduit when there is commercial justification for the Taxpayer’s existence
- IFRS: Impacts of the new revenue recognition proposals
- Royalty paid by Non-resident to another Non-resident is not taxable if not related to and borne by PE in India
- Do CAG report leaks defense secrets?
- Concealing facts before arbitrator is fraud
- Requirement to mention the firm registration number allotted by ICAI in all reports issued, including certificates, by members of the ICAI
- Mahindra Satyam can retain tax amount from settlement amount payable to Upiad
- Service tax on commercial training and coaching – Whether ‘donation’ is ‘consideration’
- Section 35AC(1), read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Notification Nos. 58 to 70/2010
- Appointment of Auditors of Government Owned Companies
- Working of independent Directors in Central Public Sector Enterprises
- Telecom Comapanies can offer Zero Rental Plans
- FDI in Telecom Sector
- Auditing Norms And the Indian Premier League Teams
- SEBI asks brokers to return idle cash to investors
- Govt making every effort to control high inflation: Manmohan Singh
- Filing of returns for financial year 2010-2011 -under Maharashtra Value Added Tax act, 2002 and Central Sales Tax Act, 1956
- Issuance of non-convertible debentures (NCDs)-RBI Directions- 2010
- Procedure for Electronic Filing of Central Excise and Service Tax Returns and For Electronic Payment of Excise Duty and Service Tax
- Subsequent sale in-transit cannot be denied exemption under Central Sales Tax Act, 1956 on the ground that first sale was exempted
- Analysis of Foreign Direct Investment (FDI) Policy issued by DIPP on 1st April 2010
- ITAT rules on taxpayer’s option to choose initial year for claiming tax holiday for telecommunication services
- Any person from whom a non-resident is in receipt of any income can be treated as an agent of such non-resident: Mumbai ITAT
- Procedural Provisions Relating to TDS and Filing of TDS Statements under Income Tax Act 1961
- Inoperative provident fund account Holders may not get any interest on their deposits
- ICAI takes step to ensure availability of examination application form
- FM asks Public Sector Banks to Make Efforts to Adopt International Financial Reporting Standards (IFRSs) by 2012
- FM to lose veto power in GST council
- New norms will help pvt banks retain their India tag
- Company can be prosecuted for conspiracy: HC
- Govt exempts infra bonds from credit ratings
- Sebi right authority to probe Price Waterhouse: ICAI
- Entry Tax imposed on new items and Entry Tax Rates already existing revised by Punjab Government
- Customs Notification No 76/2010 (NT) Amends Notification No. 36/2001-Cus (N. T.), dated, the 3rd August 2001
- CUSTOMS Notification No 75/2010 (NT) -Making the following regulation to amend the Courier Imports and Exports (Clearance) Regulations, 1998
- CUSTOMS Notification No 70-74/2010 (NT) appointing Common/Special Adjudicators
- Pay fine for Violation of FEMA rules or face Penal action
- CAG criticised tax departments weakness for filing Appeals and asks to To Set up dispute resolution mechanism for small taxpayers
- Import of goods under Notification No.13/2010-Customs dated 19.2.2010 for Commonwealth Games, 2010-Circular No.:28 / 2010-Customs
- Empanelment with UCO Bank for CA firms as Concurrent Auditors
- SEBI can investigate the audit firm’s role in the multi-crore Satyam accounting fraud : Bombay High Court
- Service Tax: Draft Point of Taxation (for Services Provided or Received in India) Rules
- Deduction for interest on Loan fund utilised in share purchases allowable only if the Shares are held as stock-in-trade and not as investment: HC
- No Service tax on commission received by Primary Dealers dealing in Government Securities
- ULIP Investments – New Rules
- Revised listing norms for new as well as existing companies as amended by second amendment to the Securities Contracts (Regulation) Rules, 1957
- What CAG interim audit report says about irregularities by team Kalmadi
- CBI raids office and residence of Chief Commissioner of Central Excise in Bhopal
- ICAI gives Exemption from undergoing Orientation Programme and payment of fees for students suffering from permanent disability
- Rule 8D applies from AY 2008-09, for earlier years disallowance can be worked on reasonable basis
- Comptroller and Auditor General of India (CAG) can now vet NGOs in social sector schemes
- Summary of Proceedings before the Bombay High Court in the case of Vodafone International Holding B.V
- Rs. 12,000 crore tax demands locked on account of disputes pending at various courts
- Important Announcement for students of Professional Education (Course-II) to commence their articled training
- RBI Notification on Regulatory Framework for Core Investment Companies (CICs)
- Many Non-Banking Finance Companies (NBFCs) Make Investment in Overseas Ventures Without Clearance by RBI
- ULIP to offer Minimum Return to Policyholders from 6th Year Onward and locking period increases to Five Years
- RBI proposes foreign investment in private banks below 50%
- Regarding Shortage of Physical Application Forms for Chartered Accountants November-2010 Examinations
- Refund of 4% CVD (SAD) in terms of Notification No.102/2007-Customs dated 14.9.2007 by re-crediting the DEPB scrip / reward scheme scrips
- Finance Minister to Review the Performance of all Public Sector Banks (PSBs) and Financial Institutions (FIs) Tomorrow
- Allocation of limits to FIIs/sub-accounts for investment in Government debt & corporate debt through bidding process
- IRDA circular on Transition from referral arrangement to Corporate Agency
- Service tax on Air Travel, Rate and Services at the airports free from service tax
- Cashless medical facility likely to resume in a week
- 92 officials under Central Vigilance Commission scanner for alleged involvement in corruption
- Branches of Bank of Rajasthan Ltd. to be Branches of ICICI Bank Ltd. from August 13
- DTC and changes proposed in wealth tax Provisions
- Property Sales at its low in and around Mumbai
- India may 10 per cent import duty on power equipment for big projects
- Lok Sabha passes bill to promote and regulate foreign trade
- RBI decides to Liberalise ECB Policy for entities in Hotels, Hospitals and Software sector
- Government taking measures to make Hindi one of the official languages of the United Nation
- Cases Pending Before the Company Law Board
- RBI Circular dated August 11, 2010 on Ready Forward Contracts in Corporate Debt Securities
- SEBI circular on Updation of investor related documents
- Professional Competence Examination – November 2010 Application Form
- Availability of Physical Application Forms for Chartered Accountants November-2010 Examinations
- SEBI circular on Arbitration Mechanism in Stock Exchanges
- Customs Notification No 81/2010, 10-08-2010, regarding amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue)
- Customs Notification No 80/2010, 10-08-2010, Regarding amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue)
- Instruction No. 64 regarding Role of Zonal DC in SEZ
- Interest Rate on EPF and Increase in Pension to Industrial Workers under EPS-1995
- RBI have no info on illegal gold trade, black money
- Income Tax – Reasseement can not be done under section 147 for rectification of mistake U/s. 154 – Mumbai HC
- Unless mala fides are writ large, delay should be condoned. Matters should be disposed of on merits and not technicalities : SC
- Soon Just one Application for Getting Trademark in more then one Countries
- Norms on corporate donations to parties likely in Companies Bill
- RBI Asks Banks to Exercise Due Care and Precaution for Protection of Customers’ Lockers
- Excise Collection From All Kind Of Tobacco Increases To Rs. 13853.29 Crore In 2009-10
- Immediate Action for Unauthorized Maintenance of Foreign Bank Account; All Existing DTAA to be Renegotiated
- Several Countries Submit Data to Government about NRIS Black Money Account -Assessments Made Against 18 Cases Involving Total Assessed Income of Rs.43.83 Crore
- Direct Taxes Code (DTC) to Cover SEZs- Profit Linked Incentives to be Replaced by Investment Linked Deductions
- Special Tax Benefits and Facilities in SEZs
- Buyback/Prepayment of Foreign Currency Convertible Bonds (FCCBs)
- Procedure regarding removal of goods to bonded warehouse under Rule 46(13) of SEZ Rules, 2006
- Eleven Aayakar Seva Kendras to be Set-up in 2010-11
- Over 100 diplomats not provided Pan, resulting in non submission of TDS return by MEA
- Sharing of Database for Distribution of Insurance Products
- Levy of Surcharge in Haryana
- RBI releases Discussion Paper on Entry of New Banks in the Private Sector
- Matching TDS data is big issue for Assessee and Department
- Very few takers for the `Easy Exit Scheme – 2010′
- High Court dismisses petition challenging tax exemption MLAs of Punjab
- States given veto power along with the Centre in the proposed GST council
- Delayed payment of foreign travel tax (FTT) attract penalty under the provision of the Finance Act, 1979 : Bombay HC
- Payment of Annual Membership/Certifacte of Practice Fee for the Year 2010-11
- Eligibility to appear in CA Final Examination – November, 2010 Examination and onwards
- Relaxation from undergoing Orientation Programme and extension of completion date of Information Technology Training (ITT)
- Important Announcement for students of Final Course and their Eligibility to appear in the Final Examination
- Finance Minister not averse to more fiscal, monetary steps to ease inflation
- Service tax on commission received by Primary Dealers dealing in Government Securities regarding
- Government proposes to modernize corporate Governance
- Dealers filing quarterly MVAT return to Pay VAT online from 1st October 2010
- DTC proposes to substitute profit-linked incentives with investment-linked deductions for SEZs
- RBI Issues Master Circular on Credit Card Operations W.E.F Ist July, 2010
- Analysis of Draft Point of Taxation (For Services Provided or Received in India) Rules
- TRP scheme- Government failed to appoint new TRPs since 2006
- Govt Amends Public Shareholding Requirement Rules Public Shareholding for all public sector enterprises
- Rs 1,000 a year pension aid okayed for the workers in the unorganised sector
- Establishment of Branch Offices (BO)/Liaison Offices (LO) in India by Foreign Entities – Delegation of Powers
- Don”t file appeals in cases where law is settled:HC to IT dept
- Rupee Export Credit Interest Rates – DBOD.Dir.(Exp).BC.No.36 /04.02.001/2010-11
- SEBI press release on Proposed amendment in Shareholding pattern of listed entities
- SC says rational and sobber Criticism of judiciary in national interest
- Import of goods under Notification No.13/2010-Customs dated 19.2.2010 for Commonwealth Games, 2010 – regarding
- Is It Possible to Lay A Hard and Fast Rule on The Powers of Company Law Board Under Section 397/398 of Companies Act, 1956?
- Cabinet approves bill to protect whistleblowers
- Display at Airports / LCS about prohibition of import / export of Indian currency notes of denomination of above Rs.100 in India and in Nepal – regarding
- Notification No. 69/2010 – Customs (N. T.)- Amends Notification No. 62/1994-Customs (N. T.) dated the 21st November, 1994
- Notification No. 79/2010-Customs- Regarding anti dumping duty on PVC Flex Film originating in, or exported from, People’s Republic of China
- Commissioner of Central Excise Versus Lalit Steel and Agro Industries (HC of Punjab & Haryana)
- Minimum Alternate Tax (MAT) provisions not applicable to foreign companies if no physical presence in India
- Transfer of shares by a foreign company to its wholly owned Indian subsidiary not taxable in India
- Full value of consideration is totally different from the concept of Fair market value
- Highlights of Supreme Court decision on NCLT issue
- Conversion of Company into Limited Liability Partnership (LLP) – Amendment to Finance Bill 2010
- FEMA – Change in Pricing Guidelines for issue of shares to non-residents
- Mumbai ITAT upholds per hour billing rate published by NASSCOM for a specific business segment as an external CUP in determining the arm’s length price
- Total amount of transfer pricing adjustment cannot exceed the absolute amount of revenue realized by the associated enterprise from third parties
- Referencer on Secretarial Audit as issued by ICSI
- Government uncovered 44 crore of untaxed money
- Private sector banks could be allowed to handle provident fund and pension payments of government employees
- Section 86(1A) of the Finance Act, 1994 – Appeals – Constitution of Committee u/s 86(1A) – Service Tax- Amendment in Notification No. G.S.R. 354(E), dated the 12-5-2007
- Payment in kind to foreign company in respect of Income derived in India is liable for tax deduction : SC
- Fake doctor’s son makes movie debut
- ICAI proposes to start coaching classes for students through virtual classrooms
- Presumptive Income Schemes for Small Assessees under Income Tax Act 1961
- Service tax Penalty – Section 80 does not provide for reducing the penalty under Section 76 below the prescribed minimum
- Service tax paid on input services like house keeping/cleaning service, tours & travels, outdoor catering service, clearing & forwarding agent service and custom house agent service eligible as CENVAT credit
- Foreign passport holders can”t represent India in sports: HC
- China-Slow Down is Better
- GST: FM says don’t want to be super FM, request to talk
- Result analysis of CA PE-II, PCE and IPCE Held in May-2010
- Service Tax : Draft Point of Taxation (for Services Provided or Received in India) Rules, 2010 and Explanatory Notes
- SEBI circular on Allocation of Government debt & Corporate debt investment limits to FIIs
- Requirements for becoming a Chartered Accountant
- No legislation to recover non-performing assets: Govt
- States say petroleum items to remain outside the ambit of GST
- Sebi asks companies to report promoters holding in depository receipts (DRs)
- Mutual funds transferring redemption proceeds to non-resident investors are agents of non resident investors: ITAT Mumbai
- Companies going public will have to file shareholding details one day prior to listing
- ICAI in fight with ICWAI, Opposing change of name by it
- SEBI shifts 7 scripts from Trade for Trade Settlement (TFTS) to normal Rolling Settlement
- A big Flaw and Mistake in The Punjab VAT Act 2005
- VAT Notification on Refund of VAT allowed to British Deputy High Commissions in Mumbai
- Finance Ministry verifying financial irregularities in Commonwealth Games
- Maharashtra Government decides to impose green tax on old vehicles
- Procedure for Verification of Answer Books of Chartered Accountants – Final, PE-II, PCE, IPCE/ATE, IPCE/ATE-UNITS, Examinations (May-2010), Common Proficiency Test (June-2010) and CPT Online (July-2010)
- CPT – Applicability of Revised Economics Study Material
- Regulatory Mechanism to Deal with Corporate Frauds
- Committee set up to Review Practices and Procedures regarding Procurement of Sensitive items Relating to Currency, Recommends Waiver of Custom Duty on Imported Machinery for Bank Note Paper Production and Printing
- SEBI Specifies the Model Equity Listing Agreement for SME issuer and stock exchange, Enables SMES to access Capital market
- No Entry load for any Mutual fund Scheme ; Mutual funds Transactions made possible through stock Exchange Platforms
- Base Rate System Replaces Benchmark Prime Lending Rate System; Expected to Increase Credit flow to Small Borrowers
- Government proposes to set up ‘National Company Law Tribunal’
- Scheme for Helping Companies to get the Delay Condoned
- Malpractices in Realty Sector
- Section 80G(2)(c) of the Income-tax Act, 1961 – Deductions – Donations to certain funds, charitable institutions, etc. – Notified sports association or institution
- Income Tax Department in Mumbai yet to process 20 lakh returns
- Income department starts investigating Vendors and contractors working with CWG
- Finance Minster forms panels to cut tax litigation
- Soon service tax may be levied when the consideration is received or when the invoice is raised, whichever is earlier
- Amended DTAA with Switzerland will provide sharing of information on Indians having unaccounted wealth in secret Swiss bank accounts
- Government set up two panels to suggest way to reduce litigation in Direct and Indirect Tax
- Highlights of E- Filing Season Assessment Year 2010-11/ Financial Year 2009-2010 (up to 04/08/2010)
- DGFT Notification No. 56/2009-2014- Prohibition on export of wheat – exemption for export of wheat to Bangladesh
- DGFT Notification No. 55/2009-2014- Prohibition on export of Non-basmati Rice –exemption regarding
- Enquiry into IPL Controversy
- Direct tax Collections Register 15.75% Growth During first four months of present Fiscal
- Fight between IRDA and SEBI led to ULIP Ordinance: Pranab
- ICAI in talks with many countries for Mutual Recognition Agreements
- Foreign firms’ share transfer between two non-resident companies not taxable: Vodafone
- Suo moto transfer of case by one Assessing officer to another is illegal – Kolkata High Court
- Caller tunes in Maharashtra may soon cost more
- Cashless mediclaim facility will continue: Pranab Mukherjee
- Argentina agrees to co-operate on customs and tax
- Disclosure of Fund flow statement may soon become mandatory for all companies
- Payment made for computer software not Royalty and TDS u/s. 195 not applicable
- Administrative Control over Export Oriented Units by the Central Excise formations – reg.
- Corporate Identity Number (CIN) to Curb Registration of Fictitious Companies
- ICAI organizing convocation for its members enrolled during the period September, 2009 to February, 2010
- Filing of Annual Return, Balance Sheet, Etc. by Companies
- Scheme for Helping Companies to get the Delay in filing ROC documents Condoned
- DGFT Public Notice No. 88/2009-14- Amendment in Appendix 11B for Value addition (notified vide Public Notice No.42 dated 16.2.2010)
- Highlights Of Hon’ble Finance Minister’s Speech During Debate On Prices In Lok Sabha
- Clarification about permissible free baggage allowance under Baggage Rules, 1998 for the persons returning from Hong Kong Special Administrative Region (SAR), People’s Republic of China
- States reject Constitutional amendment bill on GST
- Senior Citizens Savings Scheme (Amendment) Rules, 2010 – Amendment in rule 8
- FM on GST
- Vodafone case hearing starts in HC
- Clarification on Import of Boric Acid vide Circular No.24/2010-Customs
- Notification No. 67/2010- Notified scheme for purposes of section 80-IB(10)
- DGFT Notification No. 54/2009-2014- Amendments in Table A of the Schedule 2 of the ITC(HS) Classification of Export and Import Items, by inserting entry at S.No. 7A of HBP
- Centralised Processing Centre (CPC) At Bangalore Performing Successfully
- Deduction U/S 80CCF for investment in Long term Infrastructure Bonds Allowed
- Weighted Deduction Increased to 175% W.E.F 1st April 2010 For Sum Paid out of Buisiness Income to University and other Educational Institutions for Scientific Research And Development
- ICAI Announcement regarding services in service tax for November 2010 examinations
- Only 25 Indian Agents Allowed by RBI to Route Cross Border Inward Personal Remittances Into India under MTSS
- RBI releases Discussion Paper on Engagement of ‘for-profit’ Companies as Business Correspondents (BCs)
- Procedure for application for Accounts Office Identification Number (AIN) for Government offices required to file Form 24G
- Government Sets up a Committee for Comprehensive Review of National Small Savaings Fun
- Directorate of Currency set up in Ministry of Finance to Monitor and Review Efficacy of Existing Security features in Currency Notes
- A brief of report on Economic Outlook for 2010-2011
- Any disclosure made subsequent to seizure of incriminating material cannot be called voluntary
- Is It Wrong To Express Opposition When The Judge Departs From The Settled Practice?
- Biyani offers 50 crore Salary Package to former CEO of ICICI Prudential Life Insurance
- Revision of Contribution Rate Under Employees Pension Scheme (EPS), 1995
- Tax SOPS for Industrial Parks
- CJI says government must consult the judiciary in selecting prosecutors
- Doctors prohibited from accepting gifts from pharma companies
- Supreme Court rules Directors not responsible for dishonoured cheque
- Secondary packing on goods leaving factory not to attract excise duty
- IT Notification No. 65/2010-Income-tax authorities – Jurisdiction of – Amendment in Notification No. S.O. 732(E), dated 3-7-2001
- Non-Compliance of Certain Provisions of The Companies Act by Owners of IPL Cricket Teams
- Notification No. 62/2010-Income-tax authorities – Jurisdiction of – Amendment in Notification No. S.O. 732(E), dated 3-7-2001
- SEZs in the Country
- SEBI circular on Reporting of OTC transactions in Certificates of Deposit and Commercial Papers
- Constitutional validity of amendment made by Finance Act, 2010 to construction services challenged
- Examination Results – A Mixed Bag:ICAI President
- SEZ may retain income tax concessions even after introduction of the Direct Taxes Code
- Brief details on major revisions to transfer pricing guidelines issued by OECD
- Taxes Outstanding Against Multi-National Company
- Indian Cricket Board refuses to give Rs 100 crore donation to CWG Oraganising Committee
- Release of Interest Subvention to Public Sector Banks etc. to ensure short term crop loans to farmers
- DLF Cyber City Developers Limited approved as industrial infrastructure undertakings under Section 80-IA of the Income-tax Act, 1961
- CUSTOMS Notification No 68/2010 (NT), 30-07-2010, Amends Notification No. 36/2001 – Customs (N.T.), dated, the 3rd August, 2001
- Income Tax Return Filing last date extended to 4th August 2010
- Instruction regarding issue of certificate of lower collection of tax at source u/s 206C(9).
- MVAT return filing date for quarter ended 30.06.2010 extended
- India, Switzerland agreed to widening the ambit of tax treaty
- Accoune Restatement may cost Mahindra Satyam in excess of 50 crore
- Clarification from Minister of State for Finance on Processing of PAN Card
- ICAI President’s Message – August 2010
- Services provided by state governments under Centrally Sponsored Schemes (CSS) – Service Tax Circular No.125/7/2010
- Sebi/RBI allows exchanges to introduce currency options on US dollar pairing with rupee
- Taxation of Banks – Press Release
- Income Tax makes arrangement for easy filing of Income tax returns
- Incomplete TDS certificates issued by deductor delaying Income tax refunds
- Income Tax department fails to issue Income Tax Refund of Rs 1,000 crore to taxpayers
- SEBI makes PAN Mandatory for Purchase of Shares with effect from August 16, 2010
- ICAI announces Examination Centers, last date for filing forms, date & Schedule of Common Proficiency Test (Paper- Pencil Mode)
- Important Announcement for students of erstwhile CA Intermediate/ Professional Education – II Course
- Number of Defunct and Inactive Companies as Existing in the Registers of Government
- De-Registration of inactive Companies
- Enforcement Directorate set to file cases against Rajasthan Royals and Board of Control for Cricket in India
- Vodafone confident of success in Income Tax Dispute
- MAT U/s. 115JB of Income Tax not applicable to foreign company without presence in India
- Tech-savvy Supreme Court directs service of Notice by E-Mail to avoid delay
- MCA request to file Annual return early
- Extension of Integrated Professional Competence Course (IPCC) registration dated till 2nd August, 2010
- Customs Circular No 23/2010, 29-07-2010, Regarding disposal of claims in respect of cases where assessments are provisional
- Exchange Rate notification for Import / Export of goods with effect from 1st August, 2010
- Central Excise Notification No 31/2010, 28-07-2010, Amends Notification No. 6/2006-Central Excise, dated the 1st March, 2006
- Punjab announces VAT hike, then changes its mind
- Motor Vehicle Amendment Bill may get delayed
- Satyam Scam accused Raju needs another 22 weeks medical treatment
- EPF rate for 2010-11 may be fixed at 8.5 per cent
- Company Secretaries (Amendment) Regulations, 2010 – Substitution of regulations 6, 11, 13, 14, 98, 99, 114, 115, 118, 150, 152, 154, 155 & 161; amendment in regulations 15 to 19, 101 & 117; insertion of regulations 15A, 101A, 154A, 168A & 168B; and omission of regulations 56 to 87W, 104 & 116
- Unique Identification Authority of India (UIDAI) Selects Agencies to Implement a Multimodal Biometric Solution for “Aadhaar” programme
- Amendments/ additions/deletions/corrections in the Handbook of Procedures, Vol.2, and 2009-2014- DGFT Public Notice No. 87/2009-2014
- Amendments/ additions/deletions/corrections in the Handbook of Procedures, Vol.2, and 2009-2014- DGFT Public Notice No. 86/2009-2014
- ICSI Council and ICSI Regional Council Elections – 2010
- Mainstreaming Stakeholder Participation for Inclusive Growth and Development of Indian Corporate Sector
- Bombay High Court stays collection of Service Tax levied on buildings under construction
- I-T dept opens Separate counters for senior citizens and women taxpayers, Return will be accepted on 31st July
- SC decides to send notices on email to respondents to cut the delay
- Andhra Pradesh High Court posts hearing on bail petition moved by Satyam Computers promoter B Ramalinga Raju to August 5
- Supplementary Study Paper-2010 on Direct Tax Laws and Indirect Tax Laws for Students of CA Final Course [Relevant for May 2011 and November 2011 examinations]
- List of publications relevant for CA students appearing in November 2010 Examinations
- Loan facilities to the physically/visually challenged by NBFCs
- SEBI extends deadline for ASBA facility in NFOs to October 1 2010
- First Quarter Review of Monetary Policy 2010-11: Press Statement by Dr. D. Subbarao, Governor
- Custom Duty Notification No. 78 /2010 dated 27th July, 2010
- States governments demand CST to continue with GST
- RBI hikes short-term lending and borrowing rates by 0.25 per cent and 0.50 per cent respectively
- High Court cannot interfere in civil disputes like eviction of tenants or property rows
- Portfolio Managers – Proposal on Regulation of Fees and Charges
- 8 new overseas Income Tax Units in Indian Missions abroad to be set-up under the DTAA
- No RBI Direction on Reduction in Pay of top Management of Banks For Poor Performance
- FM Says Monetary Policy Measures Announced by RBI Today Would Further Ease Inflation
- Core Group on IFRS from India and the IFRS Council of Japan Sign Memorandum of Understanding on IFRS
- Soon tender based appointment of auditors to stop
- Madhu Koda scam accused Manoj Punamia arrested in Mumbai
- Satyam scam case hearing adjourned to July 29
- Expenditure incurred on food and beverages at the guest houses maintained by the assessee near factory for employee in connection with their stay during official visits allowable
- Effective use of technology can prevent corporate fraud: PwC
- India Becomes Member of Financial Action task Force
- New Bill to replace existing ULIP ordinance
- Customs – Notification No. 77/2010 – Regarding provisional anti-dumping duty on Poly Vinyl Chloride Paste Resin thereof, originating in, or exported from, People’s Republic of China, Japan, Republic of Korea, Malaysia, Russia, Taiwan and Thailand
- Regarding anti dumping duty on Viscose Staple Fibre excluding Bamboo fibre thereof, originating in, or exported from, People’s Republic of China and Indonesia-Notification No.76/2010-Customs
- Import of ‘Worn Clothing’ -Customs Circular No 22/2010, 26-07-2010
- Takeover Regulations — Proposed Makeover
- Take-out finance scheme for infrastructure sector – liberalisation of External Commercial Borrowing policy
- Arbitration and Conciliation Act applies to non-commercial disputes also
- Default u/s 194C does not result in s. 40(a)(ia) disallowance if TDS paid before due date of filing ROI
- ICAI Discontinues CA Final Examination under the old syllabus
- Kapil Sibal unveils prototype for $35 touch-screen computer
- CAG report suggests Massive tax evasion may upset GST rollout
- SEBI mulls separate days for retail and institutional investors
- Mutual Funds resist SEBI proposal of same charges for small, big investors
- Section 210A of the Companies Act 1956 – Constitution of National Advisory Committee on Accounting Standards – Amendment in Notification number S.O. 1800(E), dated 21-7-2009
- Bombay High Court Rules Overdraft facility can’t be attached for tax recovery
- FM Announces New Pay Scales for Employees of RRBs at Par with PSBs
- In Bihar, women give ‘birth’ to 5 children in 2 months
- The Exposure Draft on Non-Financial Disclosures – Views and comments solicited by 4th August, 2010
- Bill to change Competition Act likely in Monsoon session: MCA
- Customs Circular No 21/2010, 26-07-2010, Regarding classification of Aseptic Packaging Paper
- Centre will compensate states on possible losses arising from implementation of the GST
- Section 294AA of the Companies Act, 1956 – Power of Central Government to prohibit appointment of sole selling agents in certain cases – Prohibition for appointment of sole selling agents by companies in specified goods
- Debts Recovery Tribunal (Procedure for Investigation of Misbehaviour or Incapacity of Presiding Officer) Rules, 2010
- Implementation of EPFiGMS – Grievance Management System of EPFO
- All about Employee State Insurance (ESIC) Act, 1948
- Easy Exit Scheme, 2010 – Key Highlights
- Company Law Settlement Scheme, 2010 – Key Highlights
- Synopsis of the speech made by the Finance Minister on GST
- 36 Legislations Scheduled for Monsoon Session of Parliament to Commence today
- Rush to set up SEZ before March 31, 2011 to avail IT benefits
- CAG questioned the preparedness of states to roll out GST
- New President of ICWAI
- Availability of Cenvat Credit on inputs used in the manufacture of capital goods
- Income tax department biggest litigant
- Taxation of Indians working abroad
- Vice President of Sterlite Industries Varadharajan arrested for alleged duty evasion of Rs 750 crore
- FM Calls for Double Digit Contribution of Direct Taxes to GDP
- Section 71 of the Finance Act, 1994 – Scheme for submission of returns through Service tax preparers – Amendment in Service Tax Return Preparer Scheme, 2009
- 397/398 – The Difficulties with the Issue of Amendment of Company Petition (C.P.) – Companies Act, 1956?
- Interest on wrong availment of CENVAT credit shall be payable from the date CENVAT credit wrongly utilized
- Procedure for clearance of State SEZ Bills
- DGFT Public Notice No. 85/2009-14- Amendment in PN 54/2009 dated 8.4.2010 (SHIS Scheme)
- DGFT Public Notice No. 84/2009-14- Amendments, in the Handbook of Procedures (vol.1) 2009-2014
- ICAI likely to declare Results of May 2010 PE – II, PCE and IPCE examinations on 4th August, 2010 around 2 P.M.
- ICAI solicits View on SEBI Report -Takeover Regulations
- Notification No. 61/2010-Section 80-IA of the Income-tax Act, 1961 – Deductions – Profits and gains from industrial infrastructure undertakings, etc. – Notified undertakings
- SEBI circular on Market Access through Authorised Persons
- Central Excise Notification No 30/2010, 22-07-2010, Amends Notification No.64/95-Central Excise, dated the 16th March, 1995
- RBI sets up Working Group to address Implementation Issues in IFRS
- New Internet protocol by December 2011
- A Bug in I-T department’s computer system causing erroneous tax demand, here’s what to do if you receive demand letter
- CBDT geared up to celebrate 150 years of income tax in India
- Free of cost tool kit to all the members and CA Firms by ICAI committee for capacity building
- CBI booked PF commissioner for causing loss of Rs. 24.91 crores to Government
- Forum for National Security Studies, New Delhi approved as scientific research associations/institutions u/s. Section 35(1)(ii) of the Income-tax Act, 1961
- Failure to follow High Court’s order is contempt of court
- Foreign Investment Promotion Board (FIPB) approves 18 Proposals of Foreign Direct Investment
- Information Systems Audit [ISA] Assessment Test – Results likely to be declared on 4th August, 2010 around 2.00 PM
- MAC, CMC, TMC, IRM and ITL & WTO Examinations – Result likely to be declared tentatively on 4th August, 2010 around 2 P.M
- A Synopsis of Service Tax for Bankers: Banking and Other Financial Service
- Department makes arrangement to help taxpayers File Income Tax Returns in 5 minutes
- Govt invokes secrecy provisions of DTAA to block all information about its effort to recover tax on black money
- SEBI barred use of mobile phones in dealing rooms
- Processing of returns of Assessment Year 2009-10 – Steps to clear backlog
- Sebi asked mutual fund houses to maintain records of phone conversations in dealing rooms for eight years
- DGFT Public Notice No. 83/2009-14- Amendment in Para 4.7 of HBP v.1, 2009-14
- BSE to start separate exchange platform for the small and medium-size (SME) enterprises
- RBI likely to hike its policy rates by up to one percentage this year: Royal Bank of Scotland
- FM wants taxation regime to be simple and broad-based leading to lowering of tax rates, better tax compliance and reduced litigation
- ICAI to organise Convocation for the newly enrolled Members for the period from September, 2009 to February, 2010
- Customs Circular No 20/2010, 22-07-2010, Regarding provision of single factory stuffing permission valid for all Customs Houses
- Circular on Clean Energy Cess
- Continuation of tax sops for SEZ under DTC regime, commerce department suggests ‘middle of the road’ solution
- Jobless US
- Center Proposes 3 tier GST Rate Structure, Compensation to States for revenue Loss ; Consensus emerging on GST structure
- Infrastructures Bonds: New Tool to Save Tax
- Cost Inflation Index for FY 2010-11 or AY 2011-12
- No Income Tax raids and surveys costing Government Rs 180 crore a day
- DTC, GST Bills likely to be introduced in the Monsoon session beginning next week
- Finance Minister to look into continuation of tax sops: SEZ developer
- Speech of Finance Minister at the Meeting with the Empowered Committee of State Finance Ministers
- Regarding levy of service tax on all taxable services relating to transmission and distribution of electricity -ST Notification No 45/2010
- Insurance Funds Soon for Infrastructure: Pranab Mukherjee
- Income-tax (Sixth Amendment) Rules, 2010 – Substitution of rules 30, 31, 31A, 31AA, 37CA, and 37D; Form Nos. 16, 16A and 27D; insertion of Form No. 24G and omission of rule 37A – Corrigendum to Notification No. 41/2010, dated 31-5-2010
- If brokerage offered to tax, the principal debt qualifies as a “bad debt” u/s 36(1)(vii) r.w.s. 36(2)
- Section 35(1)(ii) of the Income-tax Act, 1961 – Scientific research expenditure – Approved scientific research associations/institutions vide Notification No. 56, 57, 58/2010
- Income Tax Return Filing deadline nears
- GST may kick off in April next year with three rates
- Useful info for those who drive a vehicle
- New Bench will hear again the petition filed by Price Waterhouse challenging the jurisdiction of SEBI
- Real Estate- Wait and Watch
- Sebi panel suggestes tax parity for shareholders who tender their shares in open offer and those who sell through the stock market
- Filing Online Income Tax Return? Tips to secure your transaction
- The Past Trend of CA final result in respect of examination held in May 2010
- Girls taken over CA Course too with Passing Percentage Higher compared to the boys
- CBDT constituted Special Committee to inquire into income tax loss
- Launching of prosecution against Auditors on account of misutilisation and Misappropriation of Funds of Cooperative Societies
- Under the un-amended section 43A, actual payment was not a condition precedent for making necessary adjustment in the carrying cost of the fixed asset acquired in foreign currency
- Achuthan Committee on Takeover Regulations submits report to SEBI
- Procedure for Verification of Answer Books of Chartered Accountants Professional Education-II/ Professional Competence/ Integrated Professional Competence/ Final Examinations
- AP High Court granted bail to former Satyam managing director Rama Raju
- Explain income source: Income Tax department to Congress leader Kripashankar Singh
- IFRS may be fine-tuned to Indian needs
- All about Credit Rating in brief
- Warehousing permission to Storage Tanks mounted on a vehicle
- Loss due to fluctuation in rate of foreign exchange on balance sheet date is allowable u/s 37(1)
- Assessee entitled to exemption on profit derived by its 100% EOU engaged in blending, packing and export of tea bags and tea packets
- List of Toppers, Pass Percentage of Students appeared in CA final existing and new course examination held in May 2010 and CPT (Paper Pencil Mode) held in June 2010
- Bonanza for Defaulting and Defunct Companies
- Office boy becomes Chartered Accountant
- Deputy commissioner of income-tax under scanner for unprofessional conduct
- Income Tax department’s tax fair expects 5 Lakh income tax returns
- SC remands I-T dept’s appeal related to taxability of foreign telecasting companies
- While computing the direct cost attributable to export, the freight and insurance should be excluded for arriving at export profits
- SEZ developers likely to meet FM to discuss continuation of tax benefits
- Corporate Tax Rate in DTC may be brought down to 25 percent in a phased manner
- 264 special counters from July 21-31 in Delhi for filing of income tax return
- Going for interview? Few tips on how to negotiate your salary
- Income Tax department receives data on NRI black money from six countries
- SEBI may simplify IPO application forms
- IRDA proposes norms for enhancing the performance of agents
- FDI in LLPs may be allowed up to 100 per cent
- Type Rupee symbol on computer and download Rupee symbol font
- Now trade for 23 hours
- ICAI will do reality check ahead of fresh meeting with Singapore officials for opening of sector
- Sebi considering to separate the role of chairman and managing director (MD) or CEO of listed companies
- States may bargain for some flexibility on proposed Goods and Services Tax
- Sebi panel favours 100 percent open offer
- Income Tax Provisions in Respect of Filing of Annual Information Return (AIR)
- Afresh attempt of ICWAI to rename its organisation to ICMAI fumes ICAI
- Is it Correct to Interpret Section 399 of Companies Act, 1956 technically and strictly?
- SEBI panel wants open offer trigger at 25% instead of current 15%
- Pay your Income Tax through credit card
- Delhi Govt slashes VAT on diesel to bring down the fuel prices by Rs 2.70 per litre
- Even Offshore Services Are Taxable As PE Profits – ITAT Mumbai
- All about Commodity Futures & Interest Rate Derivatives
- Himachal Pradesh VAT rate change with effect from 15th July, 2010
- Maharashtra imposes 1% Sales Tax on property sale agreements
- Companies may not get any tax sop for spending more on corporate social responsibility
- ‘Company Law Settlement Scheme, 2010’ and ‘Easy Exit Scheme, 2010’ Launched by the Ministry of Corporate Affairs Drawing Good Response From the Corporates
- Shri Salman Khurshid Launches Kannada Version of the Investor Education and Protection Fund Website
- ACB and IT department investigation still on in the case of alleged accumulation of unaccounted wealth by Kripashanker Singh
- Income Tax staff to boycott search, seizure operations from July 20
- Rs 10,221 Crore unrealised revenue: CAG
- Judge Hearing PWC case recuses himself from hearing
- A study on Valuation of Business
- Audit Planning & Documentation
- Amendments, in the Handbook of Procedures (vol.1) 2009-2014- DGFT Public Notice No. 82/2009-14
- CUSTOMS Notification No 66/2010 (NT), 15-07-2010, Amends Notification No. 36/2001 – Customs (N.T.), dated, the 3rd August, 2001
- Declaration of Intent for claiming benefits of various schemes under Chapter 3 of FTP 2009-14 and mentioning of ITC [HS] Codes on Shipping Bills, mandatory requirements thereof
- Central Excise Circular No. 931/20/2010, 15-07-2010, Regarding classification of TEA fortified with Vitamins
- Search and Survey – Rights and Duties
- Transfer Pricing TNMM must be applied to transaction margins and not to enterprise level margins. Adjustments must be confined to international transactions
- Royalty paid by non-resident does not arise in India if there is no “economic link” between the PE and the royalty
- Maharashtra VAT Composition Scheme for dealers undertaking construction activity
- No tax holiday on gas discoveries
- Section 80-IA of the Income-tax Act, 1961 – Deductions – Profits and gains from industrial infrastructure undertakings, etc, – Notified undertaking
- Section 10(23C)(vi) of the Income-tax Act, 1961 – Exemptions – University or other educational institutions – Amendment in Notification No. S.O. 852(E), dated 30-5-2007
- Section 10(15)(vii) of the Income-tax Act, 1961 – Exemptions – Interest on bonds issued by local authorities – Notified bonds
- Govt will not mobilise funds for infra sector from non-resident Indians through special tax-free bonds
- Nationwide Income Tax staff strike hits routine operations
- State-owned insurance companies agreed to restore cashless treatment facilities in big private hospitals
- Government set up panel to review structure of small saving schemes
- Shri Salman Khurshid Launches Investor Education and Protection Fund Website in Telugu
- Acquisition of State Bank of Indore by State Bank of India approved
- Symbol for Indian Rupee approved
- VAT updates on notifications and circulars issued during the month of June 2010 in the States of –Chhattisgarh, Gujarat, Kerala, Maharashtra, Rajasthan, Tamil Nadu, Uttar Pradesh and West Bengal
- VAT updates on notifications and circulars issued during the month of May 2010 in the States of –Delhi, Kerala, Maharashtra, Punjab, Tamil Nadu and Uttar Pradesh
- SEBI decided to introduce call auction mechanism in pre-open session
- Petrol prices to be revised every month
- SEBI decides to allow Physical Settlement of Stock Derivatives
- ONGC urges Commerce Secretary not to withdraw tax benefits available TO SEZs
- Minimum Alternate Tax provisions for A.Y. 2010-11 &A.Y. 2011-12
- Hindu deities have PAN cards, are demat accounts next?
- Customs Notification No 75/2010, 14-07-2010, Regarding anti dumping duty on Glass Fibre and articles thereof, originating in, or exported from, People’s Republic of China
- Execution of LUT/BG against Import Authorisation issued by import of Restricted Items on Re-export basis- DGFT Policy Circular No. 39/2009-14
- Telecom Sector and their entitlement under SFIS scheme and other issues of SFIS scheme- DGFT Policy Circular No. 38/2009-14
- Import policy for “off-the-air GSM monitoring technology”- DGFT notification no. 53/2009-2014
- ROC of four state issues notice to 11,888 companies for violating company laws for several years
- SC not liable to provide I-T return info of judges under RTI Act
- Parliamentary Standing Committee on Finance to probe tax evasion by IPL organisers and teams
- After Delhi more states expected to levy stamp duty on trades
- Filing of e-returns could touch one crore in current financial year
- Sebi don’t want proposed apex financial stability council be arbiter in disputes between regulatory bodies
- Sebi plans standard set of disclosures for mutual fund fact sheets, advertisements and scheme information documents
- Section 10(23C)(iv) of the Income-tax Act, 1961 – Exemptions – Charitable or religious trusts/institutions – Notified fund or charitable institution – Amendment in Notification No. S.O. 851(E), dated 30-5-2007
- Section 80C – Deductions for insurance premium – Notified plan
- Govt notifies deduction u/s. 80CCF on long-term infrastructure bonds
- Change of Office address of Regional Authority, Raipur- DGFT Public Notices No. 81/2009-14
- Filing tax returns a headache? Not any more…
- ICAI – Opportunity for Skilled Translators
- Income-Tax Department will be on strike today
- Imposition of penalty for bouncing of SGL forms
- Amendment of SION H-444 – DGFT Public Notices No. 80/2009-14
- Bring clarity on the role of independent directors
- Presumptive taxation under Sections 44AD, 44AE and 44AF
- Law on Taxability of Gifts under the Income Tax Provisions
- Section 50C in Respect of Land and Buildings Transactions
- Rates of Depreciation as Per Income Tax Act
- Independent directors in charge of audit committees in companies may be held responsible for actions taken by the management
- Professionals earning over Rs 10 Lakh to file Online Income Tax Return
- New Pension Scheme (NPS) has a tax edge, but watch out for annuities
- Ulip-holders have to pay up to Rs 6,000 if they want to discontinue a policy within first four years
- Service tax applicable on all cashless mediclaim transactions from July 1 2010
- Income-tax Ombudsman Guidelines 2010
- SEBI circular on Applications Supported by Blocked Amount (ASBA) facility in public issues- CIR/CFD/DIL/7/2010 , Dated- July 13, 2010
- ICAI Announcement regarding The Student’s Journal
- Changes to the original draft of the direct taxes code will cost taxpayers
- Satyam fraud: Promoter and family members wrongfully gained Rs 2,743 crore
- Tips to make your computer run faster
- Taxability of Construction Service –New Provisions – A Discussion
- Director’s Responsibility for Dishonour of Cheques?
- Government notifies ‘Kumar Housing Corporation Limited, Pune’ as an undertaking and the project u/s 80-IA of the Income-tax Act, 1961
- Display at Airports / LCS about prohibition of import / export of Indian currency notes of denomination of above Rs.100 in India and in Nepal
- Routers and switches should be classified as part of computers and be eligible for 60% depreciation
- Mandatory for all Companies to File I-T Returns Electronically with Digital Signature
- 24th July to be celebrated as Income Tax Day
- Taiwan and India’s DTA negotiations look positive, says Envoy
- CBDT notifies mandatory e-filing of return with digital signature for companies
- Former CCIT Dave exits KPMG, Will advice income tax department in Vodafone case
- Infrastructure finance companies can issue only 25 percent of incremental investment as tax-free infra bonds in a year
- CBI to reveal how it successfully investigated Satyam fraud
- Supplementary Study Paper-2010 on “Taxation” for IPCC/PCC students [Relevant for May 2011 and November 2011 examinations]
- No Cenvat for manufacturers of bottled beverages on excise-duty exempted broken bottles
- Efforts on to restore cashless treatment facility
- SEBI directed mutual funds to have uniform exit load
- Convergence to IFRS will cost dearly to small companies not having ERP
- 50 most likely Interview Questions and Answers
- Post DTC and GST implementation tax collection expected to get double
- ICAI asks government to stop giving projects to tainted audit firms
- All about Taxation of Partnership Firms
- Income tax provisions related to ‘Income from House Property’ in brief
- Income Tax provisions related to Charitable Trust
- An update on possible renegotiation of India-Mauritius Tax Treaty
- Taxguru: Prepare and file your tax return in a simple and quick manner
- India-US Competent Authorities negotiated on transfer pricing matters to resolve such disputes within a period of two years
- Finance Ministry to arm tax authorities with information of Indian residents claiming exemption under DTAA
- Irda clears IPO guidelines for insurance companies ; Sebi nod expected shortly
- Employees Provident Fund (EPF) interest rate likely to be fixed at 8.5 percent for 2010-11
- Builders likely to challenge imposition of service tax on flats under construction in court
- HC grants stay to Retailers and Multiplexes from levy of service tax on rental income
- LIC, IDFC, IFCI and few other finance companies get government nod to issue tax-free infrastructure bonds eligible for deduction u/s. 80CCF of the Income Tax Act, 1961
- Service tax on residential properties to have minimal impact on demand for residential properties
- SEZ units and developers may come under MAT net under the DTC Regime
- Tax-free infrastructure bonds u/s. 80CCF to have minimum tenure of ten year
- Satyam scam: Price Waterhouse seeks ruling on SEBI’s jurisdiction over auditors
- Five Major Differences Between Small Accounting Firms and the Big 4
- E-filing Mandatory for Individual and HUF who required to furnish the return in Form ITR-4 and to whom provisions of section 44AB are applicable
- NBFCs-ND-SI issuing guarantees – Applicability of exemption from Concentration norms
- Indirect tax collections grew by 43% in the first quarter of current fiscal
- ICAI Invites Application for Visiting Faculty to impart 100 Hours Information Technology Training at ICAI – ITT Centres
- DEPB sale proceeds cannot be bifurcated into “profits” and “face value”. The entire amount is “profits” for s. 80HHC r.w.s. 28(iiid) – Special Bench judgement in Topman Exports reversed
- ICAI announced dated for convocation of Members enrolled during the period from September, 2009 to February, 2010
- Individual and HUF required to get their account audited need to file ITR 4 online
- Co-op sugar appeals govt to stop insistence on TDS on the income of cane harvesting and transport contractors
- Supreme Court rules taxpayers can legally reduce their liability through dividend-stripping
- Investment in Bonds of IFCI, IDFC, LIC and NBFCs (Classified as Infra Finance Company) Eligible for Tax Exemption under Section 80CCF
- RBI guideline on Credit Card Operations of Banks covering disclosure of interest and fees charged by them
- Results of the Chartered Accountants Final and Final (New Course) Examinations held in May, 2010 and Common Proficiency Test (CPT) held in June, 2010 are likely to be declared on Monday, the 19th July, 2010
- Audit of Urban Co-operative banks – Important Announcement
- Taxability of Free ESOP announced by Infosys to its staff
- Cabinet likely to consider changes in new Foreign Trade Bill
- For Section 5(2) of Income Tax Act, income receivable in kind, received at place where goods delivered
- Transfers of Commissioners of Income-tax vide Order No. 81 of 2010 dated 9th July 2010
- MAT u/s.115JB is payable even on exempt income
- ICAI asked government to make outsourcing of internal audit functions mandatory for companies
- Central Excise Circular No. 930/20/2010-CX, Regarding tolerance of breakage of bottles due to handling during storage and clearance
- Vice President launches RTI Portal Developed by IMG at Thiruvananthapuram
- More and more companies announcing bonus shares to stakeholders
- CBEC notifies 8 new taxable Services w.e.f. 1.7.2010
- Commerce Ministry likely to prescribe strict norms for SEZ units engaged in recycling of plastic next week
- Government to seek Parliament’s sanction for the ordinance it issued to end the dispute between Irda and Sebi over regulation of ULIP
- CIBIL may soon come up with database of mortgage defaulters
- Indian accounting standards will converge with International Financial Reporting Standards (IFRS) by 2011
- Final decision on physical settlement in derivative segment expected within a month
- IIFCL urges Government to frame bankruptcy code
- Suggestions of the ICAI on the Revised Discussion Paper on the Direct Taxes Code
- Finance ministry set up five-member task force to frame rules for the proposed GST
- Reliance Big Entertainment challenged levy of service tax on sale of copyrights of movies and other artistic works in HC
- Builders must name banks they have mortgaged their land and apartments: RBI
- Media companies filed petition against imposition of service tax on copyright services
- The liability to pay sales tax by instalments cannot be treated to be beyond the provisions of section 43B of the Act
- SEZ developers step up demand for continued Income-Tax exemptions, Seek Centre, States intervention
- Do not ignore the importance of filing annual wealth tax returns
- Supreme Court rejects Third Party Administrators (TPAs) tax deduction appeal
- Service Tax Planning – Limits of Management Consultancy Services
- FEMA Circular on Compounding of Contraventions under Foreign Exchange Management Act, 1999
- Coal India to come out with India’s largest ever public offer to raise up to Rs 15,000 crore
- External Commercial Borrowings – Liberalization to avail ECB by Infrastructure Finance Companies
- Storage and Supply of goods in India through an independent third party gives rise to fixed place permanent establishment in India
- Consideration for assignment of supply agreement not taxable in the absence of Permanent Establishment in India
- Research activities of branch office can lead to a ‘permanent establishment’ if not characterized as preparatory or auxiliary in nature
- Additional declaration & undertaking for registration of FII and sub-account
- Payment for sponsorship rights cannot be termed as royalty
- Services provided for purchase of goods to be exported from India may not be eligible for exemption provided under Income-tax provisions
- Filling stations in Punjab need not calculate input or output tax on purchase and sale of petrol and diesel under Punjab VAT Act, 2005
- ICAI wants reciprocal arrangement with other countries to ensure level playing field
- Payments towards workshop conducted for dissemination of information which is a part of study course cannot be termed as FIS
- Payments for referral services cannot be termed as fees for technical services (FTS)
- Vodafone hearing rescheduled to August 2
- Ultimate Holding Company should not be considered as beneficial owner of gains arising to Subsidiary Company on sale of investments held by such Subsidiary Company
- FII’s Income from trading in futures and options is business income
- Common Disputes -FAQ in Partnership Firm
- Mere reimbursement of costs based on a cost sharing agreement not liable to withholding tax
- Consortium members working together with independent scope not an AOP
- Supply of customized software and enabling client personnel to handle the system amounts to “fees for included services” under the India-US tax treaty
- Government increases existing limit of the Employees Deposit Linked Insurance amount from Rs 60,000 to Rs 1,00,000
- Import Policy of items under Code 7326 90 99- DGFT Notification No. 52/2009-2014
- Customs Circular No 18/2010, Regarding refund of 4% Additional Duty of Customs (4% CVD) in pursuance of Notification No.102/2007-Customs dated 14.9.2007 – Special Drive for clearance of pending 4% SAD refund claims
- Alignment of Schedule I of ITC (HS) Classification with Customs Tariff entries- DGFT Notification No. 51/2009-2014
- Income Tax (I-T) officials search offices of Gammon India Limited
- Shri Salman Khurshid Presents ICWAI 7th National award for Excellence in Cost Management
- Supreme Court remands back I-T pleas against Essar, Glaxo to Bombay High Court
- Company Law Board gives Mahindra Satyam time till September 30 to publish various mandatory documents
- Sebi Limits Exposure Margin for Exchange Traded Equity Derivatives to 5%
- Congress-ruled states demand protection against any loss of revenue from the switchover to GST
- Centre-state GST disputes to be heard by new tribunal
- Co-operative sugar mills gets breather on income-tax claims of Rs 2,500 crore
- US company bribed several Indian firms to bag contracts
- Luxury Tax Notification – Amendment to Notification No.LTA-2007/CR-25/Taxation-2 Dt.08.05.2007
- Financial rights of women in India
- Gist of 2010 Notifications in Service Tax
- No service Tax on international passengers who arrives in India in a transit flight
- Income-tax authorities can ask for evidence from Mauritius government to examine the authenticity of a taxpayer who claims exemption on capital gains tax provided under the Indo-Mauritius DTAA
- CBDT Press Release on Tax collections during first quarter
- ICAI want Delhi High Court to lift stay on Satyam Auditor Talluri
- MCA plans to prohibit subsidiary company from floating 100 per cent owned company of its own
- Mergers and Acquisitions will soon get cleared in 180 days
- Misuse of your credit card by others do not absolve you from liability
- Supreme Court upheld Dividend-Stripping Law in the case of Wallfort Shares & Stock Brokers
- SC rejects PIL seeking direction to scrutinise the accounts of the BCCI by CAG
- E&Y announces its intention to appoint non-executive directors to its global advisory board
- HC asks tax department to determine an appropriate arm’s-length pricing mechanism in Maruti royalty demand
- America probing offshore tax evasion by individuals having un-disclosed bank accounts in India
- Profits from supply of shrink-wrapped software is not royalty- ITAT Bangalore
- Bombay HC rules on the binding nature of an advance ruling
- Increase in threshold for, public shareholding in listed companies – an update
- Mandatory to sell helmets with two-wheelers: Supreme Court
- Clarification on holding of goods by units in FTWZ
- Draft guidelines on Compensation of Whole Time Directors/Chief Executive Officers/Risk takers and Control function staff
- Customs (N.T.) Notification No. 53 to 65 / 2010, dated 07/07/2010
- CUSTOMS Notification No 74/2010, Regarding anti dumping duty on Diethyl Thio Phosphoryl Chloride originating in, or exported from, People’s Republic of China and imported into India
- Online transmission of DES (Advance Authorization), EPCG and DEPB authorization at 33 ICES 1.5 new location w.e.f 10.07.2010
- Amendments in the Notification No. 16 (RE-2008)/2004-2009 Dated 26 June, 2008
- Right to subscribe the additional shares arises on the date when the company decides to come out with the right offer
- An appeal can be filed against the order of the Assessing Officer giving effect to the Mutual Agreement Procedure (MAP) resolution
- Loss of a unit not eligible for any tax holiday cannot be set off against profits of the eligible unit for the purpose of computing deduction
- Payment received on account of supply of software products to independent third party re-sellers in India not royalties but business income
- Section 50C of the Income Tax Act not applicable in case the property held as business asset
- Announcement for students appearing in November 2010 examination Final (Old) Course [Direct Taxes] and Final (New) Course [Direct Tax Laws]
- Announcement for Certified Filing Centre under MCA 21 e-governance Programme
- Incentive for candidates filling the CA examination application forms (Nov 2010 Exams) thru Online mode
- Announcement for students appearing in November 2010 examination PCC/IPCC [Taxation]
- Revalidation of Import Authorisation for Restricted Items (except SCOMET items)- DGFT Policy Circular No.36/2009-2014
- Inter-changeability of pharmacopeia suffix USP/EP/BP/JP/IP with the export product for fulfillment of Export Obligation-DGFT Policy Circular No. 35/2009-14
- Section 637 of the Companies Act, 1956 – Delegation by Central Government of its powers and functions under Act – Powers delegated under section 240(1)(a), 240(1A), 240(2)(b) and 240(3)(b) to the Director, Serious Fraud Investigation Office
- Foreign Exchange Management (Current Account Transactions) (Amendment) Rules, 2010 – Amendment in Schedule II
- Competition Commission of India (Return on Measures for the promotion of Competition Advocacy, Awareness and Training on Competition Issues) (Amendment) Rules, 2010 – Amendment in rule 3
- Govt may review Public Sector banks freedom to apoint auditors
- Certified Filing Scheme (CFC) of the Ministry of Corporate
- One held for attacking chartered accountant
- ICAI sees huge shortage of practising Chartered Accountants
- Change in EDLI Benefits
- Section 144C of the Income-tax Act, 1961 – Reference to Dispute Resolution Panel – Constitution of Dispute Resolution Panel (DRP-II, Mumbai)
- Characterization of income from sale of shares
- Adjustment of brought forward losses and unabsorbed depreciation, applicable only from the initial assessment year in case of eligible business
- Domestic companies routing their investments through Mauritius may soon have to pay capital gains tax
- Indians in US, other countries to get tax concession
- SEZs unlikely to get tax sops under Direct Tax Code
- RBI board to decide on further hike in its lending and borrowing rates : Pranab
- Obligation to withhold tax attracted only when the payment to a non-resident is wholly or partially chargeable to tax in India
- Loss on purchase and sale of units issued by UTI not a speculative loss and not a colourable device even if entered into with a motive to avoid taxes
- Authority for Advance Ruling liberally interprets tax residency rules for returning employees
- Reminder : Person receiving income subject to withholding tax is required to obtain Permanent Account Number (PAN)
- Charges paid for bill discounting transactions does not amount to interest
- Mumbai Tribunal rules that no Permanent Establishment arises on deputation on hire basis. Further, no income arises to recipient on reimbursement of salary costs
- Fee for technical services may be taxable in India even if completely rendered outside India
- AAR ruling is binding on the revenue authorities despite any contrary ruling in other tax payer’s case
- Section 35AC(1), read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Notification Nos. 28 to 32, 35, 37, 38, 40 to 43, 47 to 55/2010, dated 17-5-2010
- Section 35AC(1), read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Amendment in Notification No. S.O. 60(E), dated 22-1-2003
- Section 35AC(1), read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Amendment in Notification No. S.O. 96(E), dated 11-2-1999
- Section 35AC(1), read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Amendment in Notification No. S.O. 461(E), dated 5-4-2004
- Section 35AC(1), read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Amendment in Notification No. S.O. 878(E), dated 30-11-1992
- Section 35AC(1), read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Amendment in Notification No. S.O. 466(E), dated 29-3-2007
- Section 35AC(1), read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Amendment in Notification No. S.O. 97(E), dated 11-2-1999
- Section 35AC(1), read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Amendment in Notification No. S.O. 399(E), dated 6-6-1996
- Interest free security deposit not a perquisite
- Simplification of E-visa process for Information technology sector
- Maintenance of stock of goods by the foreign enterprise at the customer’s location for standby use may not give rise to PE
- Focus on Foreign Institutional Investors (FII’s): Revised Direct Tax Code
- Public sector units may get audit deadlines
- No service tax on payments received before 01.07.2010 for which services was delivered on or after 1st July
- Citizens’ Charter requires I-T department to return possession of sealed properties and assets in two months
- New Companies Bill likely to be in winter session: Corporate affairs secretary
- Bombay high court dismisses petition filed by him under the Income Tax Act, 1961
- Exclusive Benches will be set up in all High Courts to deal with commerce matters
- Advice for filing Income Tax returns just a Phone Call away
- Capital Gain Taxation under DTC Regime
- Service Tax Provisions for Builders & Developers
- RBI hikes repo rate, reverse repo rate by 25 bps
- ICAI issued notification on Transfer/Termination of Articleship, allowed Transfer during the first year of articles
- Income Tax deportment released software utility for E-Filing of ITR-6 for A.Y 2010-11
- Only tax payers having PAN can file PIL
- Summary of Service Tax Notification No. 36/2010 to 42/2010 dated June 28, 2010
- Revised Agreement between Republic of India and the Republic of Finland with respect to taxes on DTAA
- Order of jurisdiction for Commissioner(s) of Income Tax and Ranges of North West Region
- Central Excise Notification No 27/2010 CE(NT), Amends the CENVAT Credit Rules, 2004
- CUSTOMS Notification No 73/2010, Amends Notification No. 37/2006-CUSTOMS, dated the 20th April, 2006 thereby continuing anti-dumping duty on imports of Pentaerythritol, originating in, or exported from, the People’s Republic of China and Sweden
- Pranab to meet State FMs on July 21 on GST, Constitutional Amendment Bill on GST in final stages
- Amendments in the Handbool of Procedures (Vol-1), 2009-14 – addition of sub-paragraph 4.4.5- DGFT PUBLIC NOTICE No 78/2009-14
- New Office address of Federation of Gujarat -Industries (Amendment in Appendix 4C)- DGFT Public Notice No. 77/2009-14
- Transfer Pricing Law for user of foreign trademarks & advertisement expenditure laid down
- Account Maintenance Charges collected upfront on annual/ half yearly basis on demat accounts
- Three IPL team asked to furnish information on the sources of their funding and ownership
- Under-construction properties get costlier from 1st July 2010
- FM Says Measures Taken by RBI are Desirable
- Summary of Central Excise Notifications 25/2010, 28/2010 , 29/ 2010 and Clean Energy Cess Notifications
- Summary of Service Tax Notification No. 24/2010 to 35/2010 dated June 22, 2010
- CUSTOMS Notification No 52/2010 (NT), Amends Notification No. 36/2001 – Customs (N.T.), dated, the 3rd August, 2001
- CUSTOMS Notification No 51/2010 (NT), Prohibits the import of specified goods intended for sale or use in India, subject to certain conditions and procedures
- Abatement Provisions – Specified activities rendered in port/other port/airport – Corrigendum to Notification No.40/2010-ST, dated 28-6-2010
- Service Tax (Amendment) Rules, 2010 – Amendment in rule 4A – Corrigendum to Notification No. 39/2010-ST, dated 28-6-2010
- Transport of goods by road – Amendment in Notification No. 13/2008-ST, dated 1-3-2008- Notification No. 43/2010–Service Tax, dated 30-6-2010
- Blackmailers using RTI Act to blackmail builders
- Tussle between SEBI and IRDA not deterred investors from investing in ULIP
- IFRS migration will create taxation issues for Indian Companies
- Issuance of service tax notifications after enactment of the Finance Act, 2010
- Institute of Chartered Accountants of India Celebrates Foundation Day
- Salman Khurshid for 33% reservation for women in CA profession
- Exporter demands refund of taxes on diesel
- Tribunal directed JetLite to pay Rs 100 crore as a pre-deposit on a service tax dispute
- Income-tax department narrows down its probe into the Indian Premier League to three franchisees
- Goods exempt from VAT now may attract tax at lower rate in GST regime
- New base rate and its impact on home loan borrowers
- ICSI Recommendations to Strengthen Corporate Governance Framework and Suggestions on the Companies Bill, 2009
- ICAI President’s Message – July 2010
- Frequently asked questions-answers on housing loan
- New Base rate system for interest rate brings more transparency
- Expression of Interest for Appointment of Auditor for World Bank funded projects
- Commerce and Industry Minister may take up SEZ tax issue with Pranab
- Auditors qualify Maytas Infra accounts in respect of recovery of ICDs
- Service tax department issues 32 show cause notices to IPL franchises
- Empanelment of CA firms with SBI Life Insurance
- ICAI wants more regulatory powers to prevent frauds
- Extension of Due Date for payment of Profession Tax for the FY 2010-2011
- VAT Cir – 20T of 2010- Applicability of the Hon. Supreme Court Judgment in the case of M/s. Pee Vee Textiles Judgment
- Legal Reforms – What The Law Ministry Should Do With Immediate Effect?
- Striking off a Company is Now Not a Lengthy Process
- Increase in gratuity exemption limit made applicable to all employees
- Company Law Settlement Scheme, 2010 for defaulting companies
- Easy Exit Scheme, 2010 for “defunct companies” under the Companies Act, 1956
- Business Profits of Permanent Establishment (PE) not taxable on gross basis as Fees for Technical Services
- Capital gain on sale of assets of Permanent Establishment (PE) is taxable in India even when PE ceased to exist
- Recent High Court decisions on service tax on “Renting of Immovable Property” services
- Reversal of Cenvat Credit of service tax in case of trading activities
- Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Larger Bench decision on levy of service tax in case of turnkey contracts
- Ulip Agents Commission set to fall by 6 Percent
- Confusion over accounting treatment of Ramalinga Raju’s Rs 1,230-cr investment in Satyam
- Unabsorbed depreciation of AYs 1997-98 to 2001-02 not eligible for relief granted by amended s. 32(2) in AY 2002-03- Special Bench Reverses S. 32 Depreciation Law
- From Today Air Travel will cost you Rs. 103 Extra
- Amendments in Appendix 4C (List of Agencies Authorised to Issue Certificates of Origin – Non Preferential) of the Handbook of Procedures (Vol.I)
- Central Excise Notification No 26/2010 CE(NT), Amends the CENVAT Credit Rules, 2004
- Classification of Polyester Staple Fibre manufactured out of PET scrap and waste bottles – Circular No. 929/19/2010-CX
- All government services may go online in 28 states
- ONGC sought intervention of the PM in resolving the Russian tax puzzle
- No service tax on commercial or industrial construction service provided wholly within the airport
- Tobacco will be kept within the ambit of Goods and Services Tax (GST) and alcohol outside it
- Replacement of dividend distribution tax with withholding tax to boost business
- Cheque with alteration/corrections will be honoured till 30th November 2010
- Accounting Codes for the new taxable services introduced vide the Finance (No. 14) Act, 2010- Service Tax Circular No. 124/6/2010-TRU, dated 29-6-2010
- Service tax on advances received prior to 1-7-2010 in respect of services as per amended definition of service provided after 1-7-2010 – Corrigendum to Notification No. 36/2010-ST, dated 28-6-2010
- The Role of Books of Account While Dealing With Mismanagement under Section 397 of Companies Act, 1956?
- WORLD MUSIC DAY – Reminder to protect creation, originality & the Copyright Act, 1957
- CBI seeks probe into 75 orders passed by ITAT against the Revenue
- BCCI have to pay more than Rs. 500 crore in taxes
- ICAI Announcement November – 2010 CA Examinations
- ICAI announced exam date, center, fees and last date for form submission for PCE, IPCE, CA Final, Management Accountancy Course, IRM, ITL & WTO exams to be held in November 2010
- Prime Minister rules out imposition of Tobin tax on capital inflows in the country
- Purchase tax on the sale of agricultural products could be under GST ambit
- I-T department contemplates TDS returns scrutiny
- Guidance notes on recent regulatory changes related to Unit Linked Insurance Products (ulips), dated 28-6-2010
- India Becomes Full-Fledged Member of Financial Action Task Force
- Vodafone liable to pay tax on acquisition of business interest in India- Income Tax department
- Guidelines on Issue/Renewal of Licence to Corporate Agents
- Breaking News: Special Bench judgement in Topman Exports reversed
- Exempts certain taxable service of commercial or industrial construction when provided wholly within the airport-Notification No. 42/2010-Service Tax
- Exempts certain services when provided wholly within the port or other port or airport- Notification No. 41/2010 – Service Tax
- Amends Notification No.1/2006-Service Tax, dated 1st March, 2006-Notification No. 40/2010-Service Tax
- Examination under Regulation 8 of the ‘Customs House Agents Licensing Regulations (CHALR), 2004′ – Clarification – regarding.-CUSTOMS Circular No. 16/2010
- Amends Service Tax Rules, 1994-Notification No. 39/2010 – Service Tax
- SEBI circular on Reporting of Lending of securities bought in the Indian Market
- Exempts certain taxable service of commercial or industrial construction – Notification No. 38/2010-Service Tax
- Amends Notification No.17/2009-Service Tax, dated 7th July, 2009- Notification No. 37/2010-Service TaxAmends Notification No.17/2009-Service Tax, dated 7th July, 2009- Notification No. 37/2010-Service Tax
- Regarding exemption to certain taxable services-Notification No. 36/2010 – Service Tax
- Fraudulent claim of 4% SAD by unscrupulous importers – reg.- CUSTOMS Circular No. 15/2010
- RBI circular on Export of Goods and Software – Realisation and Repatriation of export proceeds – Liberalisation
- Rupee Export Credit Interest Rates -DBOD.Dir.(Exp).BC.No. 115 /04.02.001/2009-10
- Comparison of Revised Discussion Paper on Direct Taxes Code with Proposals in Direct Taxes Code
- IFRS migration may provide huge business opportunity to Indian BPO firms
- Taxation of Non Profit Organisations- Chapter VI under the Revised Direct Tax Code
- Exchange Rate notification for Import / Export of goods with effect from 1st July, 2010- Customs Notification No. 50/2010-Cus(NT)
- Safeguard duty on imports of Soda Ash into India from the People’s Republic of China- CUSTOMS Notification No 72/2010,
- Exchange of expensive gifts and jewellery items during wedding marriage ceremonies liable to taxmen scrutiny
- Quick review by government needed in respect of Income Tax Concession to SEZ
- Gems, Jewellery industry bodies oppose proposed Direct Taxes Code
- ICSI Enters Memorandum of Understanding With CBEC
- IRS official suspended for leaking Income Tax papers
- Will Every Act of Mis-Management Give A Right to Seek Relief Under Section 397/398 of Companies Act, 1956?
- Amendment in the circular No.01/2010-Cus. dated 11.1.2010-Circular No. 14 /2010-Custom
- Rule 5 of the Cenvat Credit Rules, 2004 – Refund of Cenvat Credit – Amendment to Notification No. 42/2001-CE (NT), dated 26-6-2001
- Compounding of Contraventions under FEMA, 1999
- Issue of Non-Convertible Debentures (NCDs) of maturity upto 1 year by agencies dealing in securities and money market instruments
- Guidelines for deciding cases for availability of names for formation of Companies under the Companies Act, 1956
- Government approached 65 countries to revise tax treaty and to facilitate sharing of bank-related information
- Analysis of Service Tax Notifications effective from 1 July 2010
- IRDA to limit reduction in give up on ULIPs from 6th year onwards
- Income Tax department targets tax collection of Rs 3,379 crore for financial year 2010-11 from Uttar Pradesh
- Petitions should not be thrown out on technicalities
- Minority members of co-operative housing society cannot obstruct a redevelopment project
- Commerce ministry expresses reservations on DTC provisions for the SEZ
- GST may have composition scheme for business below a turnover of Rs 1 crore
- SEBI ban on Tayals’ demat a/c may create hurdle to ICICI-BoR merger
- Role of independent directors will be clarified in new Companies Bill
- Unrecognised union cannot be kept out in labour dispute: Bombay HC
- Highlights of Revised Direct Tax Code
- CBI arrested three for cheating CA, sent to judicial custody
- ICAI – Announcement on Tax Related Queries of Members
- Recent Supreme Court Judgment Misinterpreted to Infer That Date Of Rejection of A Claim is Irrelevant
- Big 4 Refugees: Where Are They Now? Are They Still Miserable?
- Panta HC issues directive on alleged excise scam
- Companies Act, 1956 vis-à-vis Easy Exit scheme- Implication of Companies which failed to raise minimum paid up capital after 12-12-2002 – An Analysis
- Chartered Accountants Day Celebrations on July 1,2010 by ICAI : ICAI NEWS
- CVC advises major penalty against 15 officers from Central Board of Excise & Customs
- Govt may not extend tax concessions for export-oriented units (EoUs) beyond March
- India to protest banking tax at G-20 Summit
- Guideline to Income Tax Dept on Form 26AS
- Service Tax on Builder-Amendments made by the Finance Act 2010, as made effective from 1st July 2010
- Income Tax department will soon launch Internet-based grievance redressal system for taxpayers
- Service Tax on Construction of Residential & Commercial Premises – FAQ
- Government sought amendments in its treaty with Mauritius, offered cash compensation for revenue loss on account of changes
- STT may not be scrapped under the DTC Regime
- Andhra high court grants bail to auditors in Satyam case
- Applicability of Service tax on Railway freight deferred to 1st Jan 2011
- Service Tax applicable on 8 new services to come into effect from July 1
- Income tax department will monitor earnings from carbon credits
- Download ITR-5- Online Return Filing Excel Utility for A.Y. 2010-11
- Is Exemption of Rs 190000 to women as compared to exemption limit of Rs 160000 to men under income Tax Act 1961, violative of Article 14 of constitution?
- ULIPS: New Regulatory & Tax Regime
- Compound levy on SS Patta/Patti units – Controversy continues-
- Exemption of all goods specified in the Tenth Schedule to the Finance Act, 2010 (14 of 2010) from Higher Education Cess
- Unnecessary Litigation Clogging the Wheels of Justice
- Service Tax to be levied on Domestic and international air tickets from July 1
- Exemption of all goods specified in the Tenth Schedule to the Finance Act, 2010 (14 of 2010) from Education Cess
- Sale of under construction houses to attract service tax from July 1
- Indian Premier League (IPL) will attract service tax from 1st July 2010
- CUSTOMS Notification No 71/2010, Rescinds Notification No. 115/2009-Customs, dated the 6th October,2009
- Whether process of pickling and oiling would amount to manufacture?
- CUSTOMS Notification No 70/2010, Regarding anti-dumping duty on Poly Vinyl Chloride Paste Resin also called as Emulsion PVC Resin originating in, or exported from European Union
- Amendment of the Customs, Central Excise & Service Tax Drawback Rules, 1995 and the Re-Export of Imported Goods (Drawback of Customs Duties) Rules, 1995
- Eight more income tax overseas units to facilitate seamless flow of tax-related information from abroad
- Indian rupee set to get symbol for the first time in its history
- Service tax waived on power supply, services within ports
- Importance of Keeping proper documents of inherited property from taxation point of view
- Companies cant keep details of financial assets secret:ICAI
- ITAT subject to RTI though case details cannot be disclosed without applicant showing public interest
- Govt exempts slew of services from service tax
- IASB and FASB propose a new joint standard for revenue recognition
- Mutual fund industry officials will soon meet CBDT officials seeking parity in tax treatment with life insurance products
- Right to share house can be enforced against husband but not against in-laws under the Domestic Violence Act
- SEZs tax benefit will not be linked to profit in proposed Direct Taxes Code
- Frequently asked questions on the revised direct tax code
- Technology Advisory Group for Unique Projects (TAGUP) will meet on June 28 to review IT preparedness for the proposed indirect tax regime
- Income Tax Department carried out Search operation at construction companies in Rajkot
- Donation to wholly religious or partially religious trusts will be taxable in the hand of donor
- Judicial records held by the Income-Tax Appellate Tribunal are within the purview of the Right to Information Act
- Parliamentary Standing Committee on Finance sought details of the financial dealings of the IPL from UPA government
- Issuance of Non-Convertible Debentures (Reserve Bank) Directions, 2010
- Will cheques with alteration or corrections be dishonoured? RBI clarifies
- IRDA to frame new guidelines for unit-linked insurance policies (ULIPs)
- ICAI not in favour of appointment of auditor through tender process
- Summary of major amendment in TDS Rules applicable from 01.04.2010
- Unit-linked insurance plans (ULIPs) set to see commission cuts
- Centre may drop the idea of granting states equal powers
- Income Tax Department likely to raise over Rs 8,500 crore from transfer pricing audits
- Even s. 143(1)(a) cannot be reopened u/s 147 without proper reasons to believe: ITAT Mumbai
- Government mulling code of conduct for financial analysts and investment bankers
- IRDA proposed mandatory life cover with pension products
- National Litigation Policy Document Released
- Clean Energy Cess Rules, 2010-NOTIFICATION NO. 06/2010
- Legislators can act on CAG reports, says CAG
- New tax slabs after receiving inputs from people, says Finance Minister Pranab Mukherjee
- New features launched by income tax dept for efiling
- Clean Energy Cess exemption to the State of Meghalaya [Clean Energy Cess Notification No. 05/2010]
- Exemption to specified goods [Clean Energy Cess Notification No. 04/2010]
- Certification Programme for sale and/ or distribution of mutual fund products
- Effective rate of cess leviable on goods [Clean Energy Cess Notification No. 03 /2010]
- Applicability of Finance Act, 2010 (14 of 2010) [Clean Energy Cess Notification]-Notification No. 02/2010-Clean Energy Cess
- Customs Circular No 13/2010, Regarding Amendment of the Customs, Central Excise & Service Tax Drawback Rules, 1995 and the Re-Export of Imported Goods (Drawback of Customs Duties) Rules, 1995
- Prohibition on import of milk and milk products from China- DGFT NOTIFICATION NO. 49/2009-2014
- Enactment of Finance Act, 2010 (14 of 2010) [Clean Energy Cess Notification No. 01/2010]
- Filing of MVAT returns as per the periodicity displayed on web site for 2010-11
- Customs Notification No 69/2010, Amends Notification No. 21/2002-Customs, dated the 1st March, 2002
- ICAI unearthed cases of financial statements and audit reports with forged signatures of auditors
- I-T Department decided to “clean up the mismatched TDS database” and issue income tax refunds
- India against Taxing the banks for future bailouts, says Pranab Mukherjee
- Income Tax Slabs and rates in revised draft DTC only indicative not final
- In the absence of specific provision in the income-tax law SEZs migrating to other zones may face tax hurdles
- Section 35(1)(ii) of the Income-tax Act, 1961 – Scientific research expenditure – Approved scientific research associations/institutions – Notification No. 45/2010
- Section 65(105)(zzzp) of the Finance Act, 1994 – Transport of goods by rail service – Exemption to specified services – Abatement for transport of goods by rail – Amendment in Notification No. 9/2010-ST, dated 27-2-2010
- Section 65(105)(zzzp) of the Finance Act, 1994 – Transport of goods by rail service – Exemption to specified goods – Amendment in Notification No. 8/2010-ST, dated 27-2-2010
- Section 65(105)(zzzp) of the Finance Act, 1994 – Transport of goods by rail service – Exemption to transport of goods by rail – Amendment in Notification No. 7/2010-ST, dated 27-2-2010
- Business auxiliary services/Business support services – Exemption to licencee/franchisee or any other person authorized to distribute power under the Electricity Act, 2003
- Port Services/Airport Services – Exemption to specified services provided within a port or an airport – Notification No. 31/2010-Service Tax
- Sponsorship services – Exemption to tournaments or championships organized by specified sports bodies – Notification No. 30/2010-Service Tax
- Abatement on Commercial or Industrial Construction & Construction of Complex Service
- Construction of complex service – Exemption to construction of complex service provided to specified mission/yojana-Notification No. 28/2010-Service Tax
- Section 65(105)(zzzo) of the Finance Act, 1994 – Transport of passengers embarking in India for international journey by air services – Exemption to passengers embarking on a journey originating or terminating in specified airports – Notification No. 27/2010-Service Tax,
- Section 65(105)(zzzo) of the Finance Act, 1994 – Transport of passengers embarking in India for international journey by air services – Exemption to specified services – Notification No. 26/2010
- Section 65(105)(zzzo) of the Finance Act, 1994 – Transport of passengers embarking in India for international journey by air services – Exemption to air transport of specified passengers – Notification No. 25/2010-Service Tax
- Enactment of Finance Act, 2010 – Taxable Services – New Services and Amendments in Existing Services under Service Tax shall be effective from 1-7-2010-Notification No. 24/2010-ST
- Impact of revised Direct Tax Code on your salary, budget, retirement benefits, property income, capital Gain and wealth tax
- Audit firms may be asked to financially compensate investors for losses resulting from their lapses
- End proceeds of New Pension Scheme (NPS) under Revised DTC will be exempt from tax
- Financial intermediaries will have to maintain specific information about their clients’ political links
- Employee can be dismissed for forging rent receipt: Delhi High Court
- PE Profits not taxable as FTS u/s 9(1)(vii): ITAT Delhi
- Service Tax M.F.(D.R.) ORDER NO. 1/2010, Makes Service Tax (Removal of Difficulty) Order, 2010
- Central Excise Notification No 25/2010 CE (NT), Amends the CENVAT Credit Rules, 2004
- All about Non-Resident External (NRE) Account and Non-Resident Ordinary (NRO) Account
- Requirement as to mode of acceptance or repayment of loans/deposits in certain cases under section 269SS and 269T of the Income Tax Act, 1961
- Under DTC income arising on purchase and sale of securities by FIIs shall be deemed to be capital gain
- Quantitative aptitude test stumps students appeared for CPT exams conducted by ICAI
- Retrospective amendment after passing order does not lead to apparent mistake: ITAT Mumbai)
- 8th All India Moot Court Competition for students of ICSI on 6th, 7th and 8th August, 2010 at New Delhi
- ICSI National Award for Excellence in Corporate Governance, 2010 – Draft Questionnaires for Comments and Suggestions
- One-time settlement scheme will not absolve Loan defaulters from criminal prosecution
- ICSI takes initiatives to upgrades courses for students, members
- Mediclaim policyholders will soon be able to switch their health cover providers
- Relief Provided by Direct Tax Code to Individual Taxpayers
- Direct Tax code would not override the double taxation avoidance agreement
- MCA scrapped its idea of auditing the books of listed companies by independent auditors
- Implications of DTC on income from house property, capital gains and the new tax treatment of savings
- Revised discussion paper on the DTC seems to favour equity mutual funds over Ulip
- Watchdog opens investigation of Ernst & Young over Lehman
- In revised DTC MAT proposed to be computed on book Profits and not on Gross Assets
- Standardisation and Enhancement of Security Features in Cheque Forms – RBI Circular No. DPSS. CO. CHD. No. 2806/04.07.05/2009-10
- IRDA to frame new guidelines on unit linked insurance plans (ULIPs)
- ICAI announcement on breach of Regulations 65 & 78 – Non submission of Form 112
- Maharashtra to levy tax on Indian Premier League (IPL), T20, ODI matches
- CBDT Draft Citizen’s Charter 2010 nearing completion
- Shri Deora calls upon state Governments to bring down High rates of VAT on Petrol Diesel ; replace Ad-valorem Levies by Specific ones
- DTC retained tax exemption up to Rs 1.5 lakh paid as interest on housing loans
- Penalty can not be imposed for Income Tax deduction claimed without supporting
- Understanding the provisions relating to Transfer Pricing under Income Tax Act 1961
- Section 35(1)(ii) of the Income-tax Act, 1961 – Scientific research expenditure – Approved scientific research associations/institutions-Notification No. 46/2010, dated 21-6-2010
- Sequence to Uniqueness for Associated Enterprises
- Customs Circular No 12/2010, Clarification regarding basis of levy of additional Customs duty (CVD) on import of Readymade Garments
- Direct Tax Code – General Anti-Avoidance Rules
- SEBI circular on Valuation of Debt and Money Market Instruments
- Members Comments are Invited on the the “Draft of ICWAI Members’ Handbook-A guide to members in employment and practice” latest by July 07, 2010
- RBI circular on Compromise/Negotiated/One Time settlement of Non Performing Assets
- Shri Bahadur Singh Sabharwal Vs. ACIT (ITAT Delhi)
- ICAI opposed State Bank of India’s decision to appoint single audit firm for its tax audit for the current fiscal
- Major amendments suggested in revised discussion paper on DTC having direct impact on individual taxpayers
- DTC unlikely to give much relief to income tax payers, Proposed Tax Slab may be lowered
- Selection and appointment of independent directors in state-owned companies may get easier
- RBI in favour of deregulation of interest rates on savings bank accounts
- President of India Promulgates an Ordinance; issues Regarding Ulips between IRDA and SEBI Settled
- Copy, Paste and Plagiarism
- Validity of the Entry Fees/Tax imposed on the vehicles carrying Pilgrims by State of J & K
- Exposure Draft on modification to regulations for protection of Policyholders Interests, 2002 to incorporate standards and procedures for needs analysis for sale of life insurance policies
- Customs Notification No 68/2010, Regarding anti dumping duty on imports of specified phosphorous based chemical compounds, originating in or exported from European Union and China PR
- Credit Flow to Agriculture – Agricultural Loans – Waiver of Margin/Security RequirementsCredit Flow to Agriculture – Agricultural Loans – Waiver of Margin/Security Requirements
- Customs Notification No 49/2010 (NT), Makes Customs, Central Excise Duties and Service Tax Drawback (Second Amendment) Rules, 2010
- Customs Notification No 48/2010 (NT), Makes Re-export of Imported Goods (Drawback of Customs Duties) Amendment Rules, 2010 Customs Notification No 48/2010 (NT), Makes Re-export of Imported Goods (Drawback of Customs Duties) Amendment Rules, 2010
- Cash Management Bills – Bidding Commitment and Success Ratio
- Clarification regarding Non-applicability of RBI’s A.P. (DIR Series) Circular No. 49, dated 4-5-2010 to Insurance Sector
- Anti Money Laundering (AML) Guidelines – Circular No. IRDA/F&I/CIR/AML/99/06/2010, dated 16-6-2010
- Revised Discussion Paper on Direct Taxes Code released
- Requests for transfer of units from one SEZ to another SEZ
- Customs Notification No 47/2010 (NT), Amends Notification No. 36/2001 – Customs (N.T.), dated, the 3rd August, 2001
- DGFT Notification No 48/2009-2014, Mandatory Indian quality standards
- DGFT PUBLIC NOTICE No 75/2009-14, Quantity of 10,000 MTs (Ten thousand metric tonnes) of white Sugar for export of CXL Concessions Sugar to European Union (EU) for the fiscal year 2009-10 (October, 2009 to September, 2010)
- Section 35(1)(iii) of the Income-tax Act, 1961 – Scientific research expenditure-Approved social science or statistical research associations or institutions – Notification No. 44/2010
- Government plans to relax contiguity norms for special economic zones
- Mutual Funds to submit compliance report related to Dividend with SEBI
- Sebi in favour of Mandatory Demat Account for persons investing in mutual funds
- Over 4 Lakh Investor Exits Mutual Funds in 3 Months, SEBI Mulls Remedial Action
- Mahindra Satyam Seek Further time till 30th September for financial restatement
- Alternative Resolution of Disputes Vs Law Ministry’s Proposals for Amendment in The Arbitration and Conciliation Act, 1996
- Aided Schools heading for a closure
- Government of India approves Infusion of Capital Worth Rs.6211 Crore in Five Public Sector Banks
- Do artists have to work in films for Income Tax relief?
- East Exit and Company Law Settlement Scheme Schemes give defaulting companies chance to come clean
- Section 10(10)(iii) of the Income-tax Act, 1961 – Gratuity – Gratuity exemption limit raised to Rs.10 lakhs
- Text of the Valedictory Address of MOS, Revenue
- FM asks CBDT to Address the Issue of Unwanted Litigation with taxpayers and Realise Locked up Revenue in Appeals
- Despite cessation of PE, gains on transfer of PE asset taxable under Act and DTAA
- Attention: IPCC / ATC Examinees of May, 2010 term of CA Examination
- Service Tax on Renting of Immovable Properties- AP High Court stays retrospective amendment
- Exemption from Tax for Gratuity Payments Enhanced From Rs. 3.5 Lakh to Rs. 10 Lakh
- Surplus does not mean trust ceases to be “solely for educational purposes and not for profit : Bombay HC
- Income Tax Dept told to disburse refunds within 2 months and to set up task force to revamp refund issue system
- 397/398 – Private Limited Companies – Complications – A Case Study
- FM may recommend freezing and closure of suspicious bank accounts
- Keshub Mahindra may be barred from taking directorship in any company
- RBI asks banks to conduct customer due diligence (CDD) on politically exposed people
- Income tax dept should give inputs to CBI in Madhu Koda scam case: BJP
- Rule 5 of the Cenvat Credit Rules, 2004 – Refund of Cenvat credit – Corrigendum to Notification No. 7/2010 – Central Excise (N.T), dated 27-2-2010
- Section 621 of the Companies Act, 1956 – Offences – Offences against Act to be cognizable only on complaint by Registrar, Shareholder or Government – Authorization of certain officers for purposes of filing and conducting prosecution under Act
- SEBI circular on allocation of Corporate debt investment limits to FIIs
- Custom Duty Notification No 46/2010 (NT), Amends Notification No. 12/97-Customs (N.T.), dated the 2nd April, 1997
- Nagarjuna Construction Company Ltd. Versus Government of India (Andhra Pradesh HC)
- Summary of Recent Amendments in TDS rules vide Notification No. 41/2010 Applicable from 01.04.2010
- Cenvat credit on building material: – Tax Expert or Jyotishi
- Government yet to clarify on tax treatment towards SEZs in Direct Taxes Code
- Finance Minister asks revenue department to aim for higher direct tax collection
- Railways to Accept Two More Proofs of Identity for Travelling on E-Tickets
- Section 31B(2) of the Insurance Act, 1938 – Power to restrict payment of excessive remuneration – Submission of details of remuneration paid whether by way of commission or otherwise to any person, in cases where such remuneration exceeds Rupees One Lakh per annum
- LIC Becomes First Institutional Partner in UID Project
- FM asks Insurance Industry to reach general masses
- New Companies Act likely to be enacted by year end
- Divorce to be easier now; Cabinet Okays move to amend Hindu Marriage Act by passing ‘Marriage Laws (Amendment) Bill, 2010’
- I-T department asks Sanofi Aventis to Pay 650 Crore withholding Tax over its Acquisition of Shantha Biotech last year
- Pranab Plans more tax units abroad to check evasion via cross-border deals
- ULIP Scheme need further Reforms : FM
- Karnatka Targets Excise Revenue of Rs. 8500 crore: Major Revenue Expected from Liquor Sale
- State Governments Putting Road Blocks to GST
- IRDA withdraws licences of 4,261 unauthorised corporate agents, Policies valid despite withdrawal of licences
- SEBI Circular -Disclosure of regulatory orders and arbitration awards on Depository website
- Section 4 of the Special Economic Zones Act, 2005 – Establishment of Special Economic Zone and approval and authorization to operate to, Developer –Setting up of a Sector Specific SEZ by Ansal Kamdhenu Engineering SEZ Limited for engineering sector at Sonepat on NH-1, Haryana – Amendment in Notification No. S.O. 1626(E), dated 7-7-2008
- Inspection of Corporate Agents by the Insurer
- Income Tax Welfare Fund with a Corpus of Rs.100 Crore Operationalised after 12 Years
- Revised DTC draft will be put for public comments within a month
- Things to check before accepting new Job
- High Court stays tax demand raised on Vodafone
- Vodafone was advised by Income Tax department to pay withholding tax before payment
- Government setting up eight more overseas income tax units: FM
- SEBI imposed Rs 1 crore penalty on ex-Adlabs chairman Shetty
- Section 4 of the Securities Contracts (Regulation) Act, 1956 – Grant of recognition to Stock Exchanges – Renewal of recognition to Bhubaneswar Stock Exchange Limited, Bhubaneswar
- Govt may modify 25 pc public holding rules
- DGFT Public Notice No. 74/2009-2014 – Amendment of SION A-1667
- RBI circular on Exposure to Real Estate and Commercial Real Estate sector – UCBs
- DGFT Public Notice No. 73/2009-2014 – Amendment in Para 5.1A of HBP Vol.I, 2009-2014
- Custom Notification No 67/2010-Amends Notification No. 96/2008-Customs, dated the 13th August, 2008
- IRDA will prescribe rules for selling of Insurance product
- Section 4 of the Special Economic Zones Act, 2005 – Establishment of Special Economic Zone and approval and authorization to operate to, Developer –Setting up of a Sector Specific SEZ by Navi Mumbai SEZ Pvt. Ltd. for IT & IT enabled services at Raigad District in the State of Maharashtra – Amendment in Notification No. S.O. 666(E), dated 12-3-2009
- Section 4 of the Securities Contracts (Regulation) Act, 1956 – Grant of recognition to Stock Exchanges – Renewal of recognition to U.P. Stock Exchange Limited, Kanpur
- Employees’ State Insurance (Amendment) Act, 2010 – Date of enforcement of said Act, except section 18 thereof, notified
- Punjab ready for GST if Purchase Tax kept out of the Purview of GST
- Speech of the FM during the 26th Annual Conference of CCsIT/DGsIT at New Delhi on 9th June, 2010
- Download ITR-4- Online Return Filing Excel Utility for A.Y. 2010-11
- Tax benefits from under construction flat
- Post Amendment all you want to know about taxability of gratuity payment
- Mumbai ITAT rules offshore services taxable in India
- Maintenance of stock by customer does not constitute a PE of the foreign enterprise in India
- Govt proposes windfall tax on iron ore miners
- Transfer Pricing: If foreign AE pays more tax, motive to shift profit unlikely: ITAT Mumbai
- Nilkeni will head IT committee which will recommend measures for effective tax administration and financial governance system
- Australia invited Indian companies to explain super profit tax to Indian firms
- IRDA not cleared any new ULIP plan in last two months due to war with SEBI
- Goods and Services Tax (GST) regime to be tabled in the coming monsoon session of Parliament
- Companies want 25 percent public Shareholding Norms to be put on hold
- Exposure Draft on Guidelines on Distance Marketing and Sale Process Verification of Insurance Products
- HC adjourns hearing on Vodafone appeal till July 8
- Central Excise Notification No. 27/2010, dated 04/06/2010- Amends Notification No.64/95-Central Excise, dated the 16th March, 1995
- Custom Notification 66/2010 – Customs, dated 01-06-2010 – Amends Notification No.39/96-Customs, dated the 23rd July, 1996
- Custom Notification 65/2010 – Customs, dated 01-06-2010 -Amends Notification No.153/2009-Customs, dated the 31st December, 2009
- Corporate affair ministry will initiate talks with commerce ministry and RBI to allow global audit firms
- Anil Ambani withdraws Rs. 10,000 crore defamation suit against Mukesh Ambani
- New 25% public holding norms to hit pricing of large issues
- ICAI denied news report giving the impression that ICAI mooted proposal to open doors for MNC audit firms to operate in India
- FM to inaugurate CCITs’ and DGITs annual meet tomorrow
- Summary/Analysis of recent CBDT amendment of rules relating to TDS/TCS Applicable from 01.04.2010
- Amendments to the Payment of Gratuity Act- An overview of accounting implications
- Despite TDS u/s 195, payer is liable as “agent” u/s 163: ITAT Mumbai
- To constitute fixed place permanent establishment three criterias needs to be satisfied
- Rule 6(2) and Rule 6(3) of the CENVAT Credit Rules, 2004 are not attracted when an assessee is engaged in providing ‘taxable output services’ and ‘trading activity’
- Vodafone moved Bombay High Court challenging 12,000 crore tax liability imposed by Income Tax department
- Inquiries mount after PwC ‘failed to notice’ mistakes
- Finance Ministry Constitutes Technical Advisory Group for Unique Projects
- Tata Teleservices claimed special auditor found nothing wrong in its books of account
- ICAI Building Committees of Regional Councils and Branches
- Important Issues Pertaining To NCLT after The Judgment Of Supreme Court?
- First Installment of Advance tax for corporate Assesses due on 15th June 2010
- Vodafone case hearing on 14th June 2010
- Retail majors will move High Couty to seek stay on service tax on commercial rentals
- Income Tax department probe NRI funds in IPL
- Public has right to know how tax payers money is spent: Vice President
- Basics of Goods and Service Tax with Help of Examples
- Internationally – Goods and Service Tax
- Procedural aspects of GST
- Goods and Service Tax – Task Force Report Summarized
- Concept of Exemptions in Goods and Service Tax
- GST – Tax Rates and List of Exemptions Abroad
- White Paper Report On Goods and Service Tax
- GST – Importers & Exporters
- GST – Department Of Revenue Vis A Vis Empowered Committee Report
- Budget 2010 on Goods and Service Tax
- RBI advises public to ignore phishing e-mails
- Explanatory notes to the provisions of the Finance (No. 2) Act, 2009 – Circular No. 5/2010 [F.No. 142/13/2010-SO(TPL)], dated 3-6-2010
- Section 35(1)(iii) of the Income-tax Act, 1961 – Scientific research expenditure – Approved social science or statistical research associations or institutions
- Section 4(1B) of the Employees’ Compensation Act, 1923 – Employees’ compensation – Amount of compensation – Amount of monthly wages specified for purposes of section 4(1)
- Securitisation Transactions by NBFCs – Draft Guidelines on Minimum Holding Period and Minimum Retention Requirement
- Exposure draft regarding proposed amendment to IRDA Regulations for Protection of Policyholders Interests, 2002 – Issuance of Key Feature Documents for insurance products
- RBI launches online system to track applications
- Custom-Clarification regarding determination of value under Section 14 of the Customs Act, 1962 in respect of sale of warehoused goods
- DGFT Public Notice 72/2009-14 – Shifting of the Office of Services Export Promotion Council (SEPC)
- DGFT Public Notice 71/2009-14- Change of Office address of Regional Authority, Nagpur
- CBDT clarifies no TDS receipt number required for filing Income Tax Return this year
- Govt issues 25% mandatory public float rule for listed companies
- Income Tax department demanded 12,000 crore from Vodafone
- ICAI announced date for Online CPT examination to be held in July 2010, September 2010 and in October 2010
- 15 Can’t-Miss Rules for Winning Stock Picks
- You’ll Just Have to Live with the Big 4 Whether You Like It or Not
- Importance of data analytics in audit
- Revised Discussion Paper on the Direct Tax Code – Personal Taxation
- S. 153A order void if s. 132 search warrant in improper status. Assessee can retract admission of undisclosed income
- RBI committee to check customer service by banks to small borrowers and pensioners
- Government moves Supreme Court over service tax on renting of commercial immovable properties
- TDS /TCS Changes in Due Date for Payment, Return Filing, Mode of Payment, Time to Furnish Certificate
- Exemption to ATMs in SEZ from being treated as Offshore Banking Units
- Pay Service tax on Services taken abroad as CBEC started monitoring them
- Revised Gratuity Exemption Limit for employees covered under the Payment of Gratuity Act, 1972
- Brief on Exchange Traded Funds (ETFs)
- PricewaterhouseCoopers improved it’s commend on FTSE 100 companies
- PWC Faces Inquiry in Bankruptcy Case
- Finance ministry may relax public shareholding rules
- SEBI committee recommended measures to increase transparency, Rationlise costs and to reduce mis-selling
- RBI allows appoinment of specialists from outside
- Government may soon allow migration of SEZ units from one SEZ to other
- No new banking license to Loan defaulters, Application scrutiny by RBI and finance ministry
- 85% Indian Companies want tax incentives to invest in energy-efficient or low-carbon equipments
- Greek tragedy and Lessons learned, thereafter
- Finmin scraps UTN, announces new method for Income tax refunds
- I-T Department to Set up Special Counters to Facilitate Taxpayers to Receive I-T Returns on 31st July 2010 (Saturday)
- Government planning to introduce `thin capitalisation’ rules to check tax avoidance
- DGFT-Inter-changeability of Pharmacopeia suffix USP/EP/BP/JP/IP with the export product for fulfillment of export obligation
- Section 120(1) and (2) of the Income-tax Act, 1961- Income-tax authorities – Jurisdiction of – Amendment in Notification No. S.O. 732(E), dated 31-7-2001
- Section 35(1)(ii) of the Income-tax Act, 1961 – Scientific research expenditure – Approved scientific research associations/institutions
- All India Qualifying Examination for Law Graduates – A Broader View?
- New Changes in TDS Rules related to due date for furnishing TDS return/Certificate, inclusion of receipt number in TDS certificate and Requirement of filing form No. 24G by government companies
- Taxability of Standard Chartered PLCs Indian Depository Receipts (IDRs)
- 761 Page Income Tax order concludes Vodafone-Hutch deal taxable in India
- Vodafone tax case: Income Tax Department files caveat in HC
- Proposed EET regime under Direct Tax Code (DTC)
- SC asked the petitioner to disclose his shareholding in Bank of Rajasthan
- All about Senior Citizens Savings Scheme, 2004
- Income Tax department decided to set up nine more help centres
- ICAI President’s Message – June 2010
- Packing the dispute of branded goods on packing material
- All about Arbitrage
- Frequently Asked Questions on Company Law Settlement Scheme, 2010
- Frequently Asked Questions on Easy Exit Scheme, 2010
- Decision on company law tribunal may be referred back to apex court
- Window for issuing warrants and partly-paid shares to non-residents is still open
- Government decided to allow Indian companies to freely enter into share-swap deals with foreign firms to facilitate cross-border mergers and acquisitions
- Notification under regulation 3 of the Securities and Exchange Board of India (Certification of Associated Persons in the Securities Markets) Regulations, 2007
- Section 18A of the Central Sales Tax Act, 1956 – Appeals to highest appellate authority of state – Appointed day notified for purposes of section 18A(2)
- Ministry of Tourism Announces a Scheme of Interest Subsidy on Hotel Loans for Upgradation of Approved / Licensed Guest Houses in Delhi for Commonwealth Games, 2010
- Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) (Amendment) Regulations, 2010
- DGFT- Corrigendum to Public Notice No. 64/2009-14 dated 18th May, 2010
- ICAI invites views/suggestions for simplification and rationalization of the provisions of the Chartered Accountants Regulations, 1988
- Change of Examination Centres for CPT June-2010 Exam
- CAG will help CBI in 2G Spectrum case
- IPL team owners refused to divulge funding details to Income Tax department
- IT department will issue demand notice to Vodafone, Vodafone says no tax is payable
- Delhi HC asked telecom companies to submit their account books to CAG
- 21 Things a New Entrant of Legal Profession Should Know?
- ICAI recommends sending of Bank confirmation Letter directly to the Statutory Auditor concerned
- Ordinary Taxpayers or Superhumans?
- Custom Duty Notification No. 44/2010 – Customs (N. T.) dated 31st May, 2010
- Custom Duty Notification No. 43/2010 – Customs (N. T.) dated 31st May, 2010
- Export of excisable goods which are chargeable to nil rate of duty or are wholly exempted from payment of duty, other than goods cleared by a 100% EOU, shall not be allowed under specified notification
- Notification No. 42/2010 – Customs (N.T.) mentioning rate of exchange of conversion of each of the foreign currency w.e.f. 1st June, 2010
- DIPP to define ‘‘Group Company” soon to help Global Companies
- Government ordered SFIO investigation into Global Trust Bank case
- LIC seeks price secrecy for IPO, FPO bids
- Government willing to resolve tax disputes between tax department and foreign companies operating in India
- Two more centres to handle I-T returns digitally would be set up at Pune and Maneasar
- Surveyor can be appointed by IRDA to decide quantum of damages
- Consumer court concerned over billing by private telecom firms
- Single arbitrator faster than arbitration panel
- Bank customers may soon withdraw up to Rs one lakh in a single day from ATM machines
- Non Matching of Your Prepaid tax Payment detail with department system will delay your Income Tax Refund further
- Swiss bank not willing to share info and alternatively offered to tax their foreign clients’
- Easy Exit Scheme 2010 provides easy exit to defunct companies
- Instructions for issue of Certificate of lower deduction or non-deduction of tax at source u/s 197
- Sebi (Stock Brokers and Sub- Brokers) (Amendment) Regulations, 2010 – Amendment in regulations 6 and 11
- Public Interest Litigation claims MCA discriminates against lawyers in ROC filings
- VAT Notification for Mandatory E-payment for Monthly Returns w.e.f. 01.06.2010 in Maharashtra
- Manufacturing companies with a paid-up capital of Rs 50 crores or more may be required to get their cost accounting records audited by a statutory cost auditor
- Foreign audit firms may soon get full practising rights in India
- No permanent establishment under DTAA if three criteria are not fulfilled
- Finance Minister dedicates the centralized processing center (CPC) of the Income Tax Department, Bengaluru to the Nation
- Timeshare membership fee taxable over the period of contract: ITAT Chennai (SB)
- Fees for Technical Services, even if rendered outside India are taxable consequent to retrospective amendment in Section 9 by the Finance Act, 2010
- If Assessee fail to furnish explanation/basis for wrong claims then Penalty may be imposed u/s. 271(1)(c) of the Income Tax Act
- Transfer Pricing Provision: ITAT underscored the importance of taxpayers making accurate transaction adjustments on account of different conditions in varying locations
- Receipts of NRI for contract executed outside India cannot be taxed under the special provisions if the same is not taxable under the general provisions of the Indian Tax Law
- Special Bench Ruled Timeshare Membership fee is taxable over the term of contract
- MVAT notification for Change in Schedule Entry related to Rasins and Currants
- CBEC likely to notify New Services by Tuesday, but only w.e.f. 15th June 2010
- Government proposed to amend Indian Stamp Act, 1899
- Income Tax Department started scrutiny of assets and expenditure details furnished to Election Commission
- Service Tax – Commissioner (Appeals) has powers to remand – Gujarat High Court decision in Medico Labs case binding in the State of Gujarat – SC decision in MIL India case distinguished – No reason to interfere with Appellate Commissioner’s order
- DTC may not override India’s tax treaties with other countries
- Budget 2010- Provisions regarding issuance of Certificate for TDS/TCS by the deductor/collector (Section 203 & Section 206C)
- Analysis of Budget Amendment related to disallowance of expenses for late payment of TDS- Section 40(a)(ia)
- Post Budget taxability of Gifts and of Transactions without consideration or inadequate consideration
- Assessments under Punjab Vat Act 2005
- CA curriculum may be same for another five years: ICAI
- An Analysis of Company Law Settlement Scheme, 2010 and Easy Exit Scheme, 2010
- BOR- ICICI Bank Merger- RAJ Bank Pays the Cost of Poor Governance
- 397/398 – Oppression and Mismanagement – Bonafides – A Case Study – Indian Company Law?
- Procedure for electronic filing of Central Excise returns- Circular No. 926/16/2010-CX, dated 28-5-2010
- RBI advises banks to exercise due caution while allowing remittances
- Banks asked RBI to defer tightening measures on account of mounting liquidity concerns
- LIC cannot charge any fee for transfer or assignment of its policies: Bombay HC
- States will have power equal to center in administering the proposed GST
- I-T dept. releases ITR-3 E-filing Return Preparation Software for A.Y. 2010-11
- MCA Introduces Company Law Settlement Scheme 2010 for Defaulting Companies
- MCA Introduces Easy Exit Scheme 2010 Under Section 560 of the Companies Act 1956
- Claim your undelivered Income Tax papers
- MCA decided to relax the norms for companies to maintain minimum paid-up capital
- Assessing officers asked to issue only system-generated Sec 197 withholding tax certificates
- Payment made outside India taxable if deal has links with India
- PAN creating lot of pain for senior citizens and foreign Companies
- Soon foreign investors have to pledge that they will not do anything detrimental to India’s interest
- Supreme Court ruling poses HR issue for tribunals
- NHB want clarity on tax liability for banks that offer reverse mortgage loans
- New IFRS norms may hit Indian Companies Valuation
- Income Tax return scam in AP will be investigated by CBI
- Fees for Technical Services, even if rendered outside India, are taxable
- In order to determine the arm’s length price of the international transaction, the arm’s length margin should be applied only on the international transaction
- FM to Dedicate I-T Department’s CPC at Bengaluru to Nation
- DGFT- Amendments in the Handbook of Procedures (Vol. I) (RE2003); Handbook of Procedures (Vol. I) (RE2004) and Handbook of Procedures (Vol. I) (RE2005)
- DGFT-Amendment in PN No. 56 dated 20.4.2010)
- RBI circular on Second Liquidity Adjustment Facility
- Announcement on Amendment to SA 230- Retention Period for Engagement Documentation (Working Papers)
- Companies eligible for shifting from Trade for Trade Settlement (TFTS) to normal Rolling Settlement- CIR/MRD/DP/18/2010 Dated: May 28, 2010
- A Trillion Dollar Smile
- Another Restructuring for Greece
- Nomination -Meaning, Procedure; Minor Nominee, Joint Nomination
- Whether the penalty under Section 11AC of the Central Excise Act is mandatory and equal to the duty demanded or the authority has discretion to impose lesser penalty?
- Income Tax department released ITR-2 E-filing Return Preparation Software For A.Y. 2010-11
- Forex derivative loss: No relief in sight for Indian Companies
- Income tax department launches drive to speed up Income Tax Refund
- Pension regulator sought tax relief on investments in New Pension Scheme (NPS)
- Special Courts For Cheque Bounced Cases- Veerappa Moily
- Government proceeding against 50 tax evaders having black money in LGT Bank
- Section 50C does not apply to “rights” in land & building like tenancy rights
- New Companies Bill 2009 will provide duped investors better deal
- Income tax relief for Salary Received in Advance and on Arrears of Salary Received for earlier years
- A brief on National Company Law Tribunal (NCLT) and challenges ahead
- RBI Guideline on issue of shares by an Indian company to a non-resident and transfer of shares of an Indian company from a resident to a non-resident, or vice versa
- Government Notified date from which new Gratuity Limit of 10 lakh will come into force
- Mumbai lost Rs 35,000 crore in income tax in 5 years
- Taxation of financial services under GST
- Tax treatment of Gratuity after Increase in limit from 3.50 lakh to 10 lakh
- Mutual funds opposes new SEBI norms on investment in derivatives
- Corporate Ministry in talks with Law Ministry to implement SC suggestion on NCLT
- LIC may submit two new ULIP plans with IRDA for approval
- ICAI submitted its final report on Satyam scam
- Parliamentary Committee to submit its report on Companies Bill, 2009 during monsoon session of Parliament
- Government may allow 100% foreign owned NBFCs to set up subsidiaries in India
- CAG raised concerns over some provisions of the proposed direct tax code
- FinMin received 10,000 suggestions on Direct Tax code
- DGFT- Amendment in Appendix 13, Appendix 22C and Appendix 27
- Remittance towards participation in lottery, money circulation schemes, other fictitious offers of cheap funds, etc.
- Appointment of Merchant Bankers and Intermediaries required for Disinvestment Transactions
- CIC benches to continue hearings: Wajahat Habibullah
- Timeshare membership fee is taxable only over the term of contract
- Government pushing for affirmative action in private sector: PM
- PM promises steps to tame inflation to 5- 6% by December 2010
- Draft Policy on Open Standards for E-Governance Available for Public Feedback Public Review Closes on 3rd June, 2010
- Rule 36 of Punjab VAT Rules regarding monthly filing of VAT returns amended
- Dos and Dont’s for printing and submitting of ITR-Vs to ITD-CPC Bangalore for A.Y. 2010-11
- Section 24 of the Banking Regulation Act, 1949 – Shortfall in Maintenance of Statutory Liquidity Ratio (SLR) – Additional Liquidity support under Liquidity Adjustment Facility (LAF)
- NBFCs – Prevention of Money Laundering Amendment Rules, 2009 – Obligation of Banks/FIs
- DGTT- Notification No. 47/2009-2014-Import policy of radial tyres
- Study of recent amendment in deduction for developing and building housing projects – S. 80-IB
- Changes in provisions related to Computation of profits in the case of units in SEZ – S. 10 AA (7)
- Amendment to definition of charitable purpose and power of Commissioner to cancel of registration of charitable trusts
- Section wise study of recent changes in Income tax law related to LLP made by finance Act 2010
- Buying Vehicle in Delhi gets costlier
- Banks on expansion spree as RBI eased branch licensing norms
- Sebi wants voting rights for ADR/GDR investors
- Allowing of authorized employees of IT/ITES units in SEZto work from Home vide Instruction No. 58, dated 21-5-2010
- Clarification regarding applicability of service tax on laying of cables under or alongside roads and similar activities
- Soon mediclaim for treatment at overseas hospitals
- CIC has limited powers, should remain in its boundary: Delhi HC
- Profits from shares is business profits: ITAT Mumbai
- ITAT Mumbai laid down principles to determine whether income from shares is “business” income or “capital gains”
- Internationalisation of Currency: The Case of the Indian Rupee and Chinese Renminbi
- DGTT Public Notice No. 67/ 2009-14- Amendment in Appendix 13, Appendix 22 C and Appendix 27
- Manufacturing of new product with new technology at existing place with fresh SEZ approval does not amount to ‘splitting up or reconstruction’
- Initial assessment year for computation of profits eligible for tax holiday is the year in which taxpayer exercises the option to claim deduction
- No timeframe to restore excise duty benefits in North-East region
- CCI plans easy Merger and Acquisitions norms
- No consensus yet between Centre and states on GST structure
- Infrastructure special purpose vehicles (SPV) to get nod for tax-free bonds
- DGFT-Amendments in Notification No. 44 /2009-14 dated 21.5.2010
- Revised DTC draft for public comments in first week of June: Revenue Secretary
- Industrial Park Scheme Eligible for Deduction Under Section 80IA of I-T ACT Extended to 31st March 2011
- SC doubts law requiring PSUs to obtain COD approval
- SEZ- Withdrawal of Instruction No. 34
- Acceptance of PAN applications – initials in the middle name
- ICSI Plans to roll out two new courses
- You may face Jail if compensation not paid for bounced cheque
- No waiver of pre-deposit condition for sick units
- Award of the sole arbitrator enforceable in India: Delhi HC
- High courts cannot invent methods to resolve disputes: SC
- Ambani brothers agreed to dump their differences
- 5 months- 73 bank in US failed more failures expected
- SEBI penalized HSBC InvestDirect for misuse of client’s funds and securities
- S. 206AA – TDS Rate If No Pan on Payment to Non-Residents
- Injustice with CA final students
- Patent Co-Operation Treaty (PCT) – International & National Phase Entry Applications
- DGFT-Amendments in Chapter 25 (export licensing note regarding export to Maldives) of the Schedule 2 (Export Policy) of ITC HS Classifications of Export and Import Items
- DGFT-Amendments in the Schedule 2, Table B of ITC HS Classifications of Export and Import Items, with immediate effect
- Corporate ministry started consultations on feasibility of setting up NCLT
- Income-tax (Fifth Amendment) Rules, 2010 – Amendment in rule 18C
- Industrial Park (Amendment) Scheme, 2010 – Amendment in para 4 and Form IPS-I
- Tax officials to visit Mauritius to negotiate changes in Income tax treaty
- Income Tax Department conducted lesser Search, but seizures doubled
- Income Tax department needs 30,000 more employees to carry out its existing operations
- Switzerland will share data in accordance with the tax treaty between the two countries
- Section 120(1) and (2) of the Income-tax Act, 1961 – Income-tax authorities – Jurisdiction of – Amendment in Notification No. S.O. 732(E), dated 31-7-2001 vide Notification No. 35/2010
- Income Tax department seeks SC view on payments made to Sheraton
- The Delhi High Court reiterates that tax is not required to be deducted if the payment made to non-resident is not chargeable to tax in India
- Technical know how fee paid for acquiring a non exclusive licence to manufacture machines for the term of five years is revenue expenditure
- Taxability of Payment for assignment of contractual rights in connection with the supply of products to foreign company not having PE
- Taxability of transfer of shares of an Indian company from one non-resident to another non-resident for no consideration in the course of group reorganisation
- Taxability of income received by foreign company for procurement support services rendered by its Indian office to other foreign company
- Companies bill at finalization state
- Delhi High Court granted stay to Home Solution Retail (I) Ltd in respect of service tax on renting of immovable property
- CBI court rejects bail application of I-T commissioner
- Notification No. 23/2010-Central Excise (N.T.) Dated 20th May, 2010
- Gratuity Amount payable under Payment of Gratuity Act enhanced from Rs.3.5 lakhs to Rs 10 lakhs
- PwC sought meeting with Khurshid on surrogate practices
- NRIs opposed Indian rule on passport surrender
- Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes
- Offer document of Companies should disclose if its directors were directory of company which was suspend from trading at any Stock Exchange for more than 3 months
- Is there any true Competition in Legal Profession?
- 397/398 – CLB/NCLT – The Concerns of Various Shareholders?
- DGFT- international accredited agencies for issuance of TAC/COP for import of vehicles
- DGFT-Grant of Status Holders Incentive Scrip benefit to textile garments
- Construction of Additional Lanes in Highway Project to get Deduction under Section 80IA of Income Tax Act
- DGFT- Import of Fuel’ under Advance Authorization and DFIA Scheme –amendment thereof
- DGFT- New Office address of Regional Authority Vadodara and Amendment in Public Notice No. 55 dated 9.4.2010
- DGFT- Amendments in the Handbook of Procedures, Vol. 1 relating to Free Sale and Commerce Certificate
- DGFT-Import policy of worn clothing and other worn articles
- DGFT-Prohibition on Export of Non-basmati Rice – exemption regarding
- DGFT- Amendment in Paragraph 1 of Notification No. 33(RE-2007)/2004-2009 dated 08.10.2007
- Dr. Pradnya Saravade and Shri Ananta Barua take charge as Executive Director, SEBI
- Most taxpayer not filled form for rectification of mistake in respect of wrong recovery notice by IT Department
- Buying and selling of immoveable properties in India by Non Resident Indians
- S. 43(5): Derivatives can be speculative transactions: ITAT Mumbai
- Stock brokers to provide the SEBI with status report on implementation of new client-broker agreement
- Government approves 24 Proposals of Foreign Direct Investment amounting to Rs. 1412.19 Crore approximately
- Mistakes to be avoided while executing financial transactions
- Irda proposed to standardize definitions of lapsing, reviving and surrendering of ULIP policies
- ‘Subscription fees’ received by the assessee has to be assessed as ‘business income’ as per the provisions of DTAA between India and Singapore and the same cannot be treated as the fees for technical services or royalty for the use of the equipments
- SEBI relaxed share-listing norms for small and medium enterprises (SMEs)
- Section 80-IA(4)(i) of the Income-tax Act, 1961 – Deductions – In respect of profits and gains from infrastructure facility – Clarification regarding widening of existing road –definition of a new infrastructure facility
- Sebi fines 2 cos for failing to dematerialise shares
- Govt asked to extend date for e-filing I-T returns to 31st October
- Jeevan Akshay-VI approved for Income Tax deduction Under Section 80C
- VAT Cir – 17T of 2010 – Amendment to MVAT Act, Profession Tax Act and Luxury Tax Act
- List of tax-exempt port, airport services soon
- Mahindra Satyam keeping its investors in dark over details of its performance
- ICAI working to find the possibility to have mandatory classroom teaching plan for CPT, IPCC and Final
- Government intends to introduce direct taxes code in next parliament session
- Income Tax e –filing facility restored
- In view of insertion of explanation in section 65 (105)(zzc) Commercial training or coaching centre include any centre or institute, by whatever name called – SC
- Circular No 924/ 14/2010-CX-Classification of rice parboiling machinery
- Circular No. 923/13/2010 – CX- Clarification regarding inclusion of cost of return fare of vehicles in assessable value
- Circular No. 922/12/ 2010-CX- Power of adjudication of Central Excise Officers- instructions
- Notification No. 22 /2010-Central Excise (N.T.) granting rebate of duty paid on the excisable goods on their exportation out of India
- Online Excise Return and Statement filing obligation of First stage dealer, second stage dealer and manufacturer of final products from 1st June 2010
- Section 90 of the Income-tax Act, 1961 – Double Taxation Agreement – Agreement for Avoidance of Double Taxation and Prevention of Fiscal Evasion with Finland
- Online filing of Excise Return and Statement mandatory from 1st June 2010
- Withholding tax obligation applies on payments to non-residents only if there is income chargeable to tax in India
- ITAT Delhi ruling provides guidance for ascertaining arm’s length price of an international transaction under TNMM
- Procedure for VAT registration under Punjab VAT Act 2005
- Intellectual Property & Intellectual Property Rights – Boon or Bane for society
- VAT Cir – 18T of 2010 – Amendment to Maharashtra Value Added Tax Rules, 2005
- Composite scheme of arrangement cannot be denied the tax benefits if all the conditions for amalgamation under the Income-tax Act are fulfilled
- Summary of CBDT instructions on the allowability of losses on account of forex derivatives
- AAR ruling is binding on a taxpayer and the Tax Authority in relation to transaction in respect of which the AAR ruling was sought: Bombay HC
- Delhi High Court specified rules for claiming weighted deduction for in-house Research and Development
- Credit entry in individual debtor’s account not necessary for bad debt write off deduction
- Making incorrect claim does not amount to furnishing inaccurate particulars
- AAR rules no capital gains on Part IX conversion of firm to company
- Duration test’ for determining existence of ‘Construction PE’ need to be applied independently for each contract executed
- India, US settled dispute over taxing profits of captive IT services units
- SEBI panel to discuss select mutual fund products on May 31
- Conditions of listing for issuers seeking listing on SME Exchange – Model SME Equity Listing Agreement
- IRDA issued Clarifications/instructions regarding new agency Licensing Portal
- Employees Provident Fund to be Modernised
- Notification No. 39 / 2010 – Customs (N.T.)- Appoints Common Adjudicating Authority in the case of Shri Sachin Dhanraj Jain
- Notification No. 41/ 2010 – Customs (N.T.) – Amends Notification No. 72/2009-Customs (N.T.), dated the 30th June, 2009
- Notification No. 40/ 2010 – Customs (N.T.)- Amends notification No. 93/2008-Customs (N.T.), dated the 25th July, 2008 regarding Common Adjudicating Authority
- Notification No. 38 / 2010 – Customs (N.T.)- Appoints Common Adjudicating Authority in the case of P.P.Exports
- e-filing of I-T returns suspended
- Credit History will have impact on your future borrowing
- Senior official filed petition against Sebi for denial of promotion
- Section 206AA- A Nightmare for Non-Residents? (TDS Rate without pan)
- Create Conducive Environment to Sustain The Momentum of Economy: Anand Sharma
- Download New Saral-II (ITR-1) Excel Based Return Preparation Utility for the F.Y. 2009-10, A.Y. 2010-11
- Income Tax dept planning to bring rural traders into tax net
- Retrospective amendments resulting in tax liability are unfair
- Saral II Makes filing Income Tax Return easy for individual taxpayers
- CAG report highlighted lapses in recovery of service tax
- TDS on Non-resident – No PAN – What’s the rate?
- Provisions related to Constitution of National Company Law Tribunal
- 28-year-old CA found dead in school swimming pool
- Important Announcement of ICAI regarding signing of Audit Reports
- MCA: – India Investor Week to be organized in 2nd Week of July 2010
- CBDT Clarification on Security of E-Filing Portal
- Why the Functioning of Proposed NCLT & NCLAT is interesting to follow?
- Income earned abroad can’t be taxed, if the same is not chargeable to tax under the general provisions of the I-T Act
- Deputation of personnel do not results in a permanent establishment in India: ITAT Mumbai
- FAQ on Constitution of HUF, HUF Property, Blending of Individual Property with that of HUF
- ICAI requests six month deferment of new rules related to Publication of Annual Accounts by listed companies
- Preview on Insolvency and Bankruptcy with reference to individuals and corporates
- ICAI recommends jail in audit fraud cases
- Summary of circular on clarification regarding availment of CENVAT credit on input services
- Analysis of MCA’s Clarifications on IFRS roadmap in India
- Consolidated FDI Policy Framework as specified in Circular No. 1 of 2010 is effective from 1 April 2010
- Summary of New pricing norms prescribed by RBI for issue of shares to person resident outside India
- Analysis of new valuation rules to determine fair market value of a property other then immovable property for the purpose of section 56
- India Moving towards Global tax transparency, Will enter Agreement with nine Countries
- Taxpayer obligated to withhold tax only if payment is chargeable to tax under the provisions of Income Tax Act
- How NRI can manage Assets/liabilities in India without being present
- AAR on taxability of payments made for support services
- AAR grants Capital Gain exemption under the India-Mauritius Tax Treaty to E*Trade Mauritius – Treaty Shopping permissible within the legal framework
- Service tax on Promotion of ‘brand’ of goods, services, events, business entity etc.
- Service tax on Services provided for maintenance of medical records of employees of a business entity
- Service tax on Health Services Provided Under Health Insurance Schemes Offered by Insurance Companies
- Service tax on Health services undertaken by hospitals or medical establishments for the employees of business organizations
- Service tax on Games of chance service
- Acquisition and Transfer of Immovable Property in India by a person resident outside India- FAQ
- What Memorandum of Association is all about?
- Notification No. 32/2010- Section 35(1)(ii) of the Income-tax Act, 1961 – Scientific research expenditure – Approved scientific research associations/institutions
- The Uniform CPA Examination
- Way to convert black in white on or before 31st May 2010
- Companies having any government stake can be brought under the purview of the RTI: Delhi HC
- Empowered committee of State FMs discussed pending areas in GST with Union government
- Quick appology may help in getting acquitted from contempt of court proceedings
- Government starts process to set up National Company Law Tribunal
- EPF introduces e-payment
- Assessee-employer not hit by retrospective insertion of Explanation 1 to section 17(2) in absence of any such extension of retrospective effect either in section 192 or section 201
- Even if no tax was payable, the penalty was still leviable – SC
- Lawsuits Against E&Y, PwC Show an Ugly Side of the Big 4
- Important Announcement – May-2010-CA Exams- PCE & IPCE Hindi Medium Candidates
- Important Announcement – May-2010-CA Exams-PCE & IPCE Candidates appearing from Centre No.175- Keshub Academy, Kolkata
- ICAI Announcement on Views/suggesitions on Companies Bill 2009
- US and Indian tax authorities reached negotiated settlement on transfer pricing dispute
- Countrywide Income Tax Survey at the offices of Parsvnath Developers
- SEBI recommends stronger disclosure norms for credit rating agencies
- New body to enforce FDI investment ban in Prohibited sectors
- MCA may initiate further probe into the IPL franchisees
- SEBI panel recommends high net worth criteria for AMC, Merchant bankers and Stock Brokers
- FM considered ICAI’s suggestion on LLP while passing Finance Bill, 2010
- Cheque and meaning of related terminologies
- DTC will be bitter pill to swallow as most exemption will be withdrawn in Direct tax code
- Online transmission of DES (Advance Authorization), EPCG and DEPB authorizations at 9 ICES 1.5 new location w.e.f. 17.05.2010 reg.- DGFT Policy Circular No. 32 (RE- 2010)/ 2009-2014
- Amendment in Appendix 37A, of HBP vol.-I-2009-14.- DGFT Public Notice NO. 63/2009-2014
- Deletion of para 2.33.1 of HBP Vol.1, 2009-2014- DGFT Public Notice NO. 62 /2009-2014
- New Office address of Regional Authority Puducherry.- DGFT PUBLIC NOTICE NO. 61 /2009-2014
- StCBs/DCCBs – Prevention of Money-laundering Amendment Rules, 2010 – Obligation of Banks/AIFIs
- ICAI launching e-Sahaayataa service for students and members
- Special Job Placements for Chartered Accountants- 22nd June- 26th June 2010
- Custom duty Notification No 64/2010- Amending Notification No. 96/2008-Customs, dated the 13th August, 2008
- Government may scale down the Income Tax Slabs in Final Direct Tax code
- MCX signed up with ICSI and ICWAI to jointly promote the cause of financial literacy and corporate governance
- Notification No. 37/2010 – Customs (N. T.)- Amends Notification No. 36/2001 – Customs (N.T.), dated, the 3rd August, 2001
- What Audit Firm thinks on ICAI’s proposed ban on firms for auditor negligence?
- No service tax on commission received by Insurance companies from reinsurance companies
- RBI circular on Current Account Transactions – Liberalisation
- 10 steps to Register a Company in India
- Government planning bill to ensure 25 percent representation of workers on the board of directors
- CBDT plans to set up two more central processing centres to improve taxpayer services
- We are moving towards full rupee float: Reserve Bank of India
- SEBI imposes Rs 30 lakh fine in Suzlon IPO case
- Sebi challenges Securities Appellate Tribunal order on Takeover Code
- Finance for Housing Projects – Incorporating clause in the terms and conditions to disclose in pamphlets/brochures/advertisements, information regarding mortgage of property to the NBFC
- Sebi asks mutual fund houses to disclose the details of investor complaints on websites, as well as in annual reports
- Unique Identification Number : Challenges and security concerns
- Notification on New Income Tax return forms (ITR) for Assessment year 2010-11
- 8 News services under the service tax net from 8th May 2010
- Custom duty Notification No 63/2010, Amending Notification No.96/2008-Customs, dated the 13th August, 2008
- Supreme Court on NCLT & NCLAT?
- Check Your Cheque Writing
- Delays in issue of Income tax refund costs government Rs 5,785 crore
- Revised draft of Direct tax code will be available for comments soon
- IRDA circular on Reporting of Maintenance of Solvency Margin Ratio
- IRDA circular on quarterly Submission of Financial Statements
- Prohibition on export of wheat – exemption for export of wheat to Bangladesh vide DGFT Notification No. 40 /2009-2014
- Priority Sector Lending – Export Credit for agriculture and allied activities
- Know Your Customer (KYC) guidelines dated May 12, 2010 – accounts of proprietary concerns
- Hello National Tax Tribunal .. Goodbye High Court ..??!!
- Direct tax Collection for 2009-10 may fall short of target
- Circular No. 121/3/2010-ST- Service tax on Container Detention Charges – regarding
- Download ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, ITR-6, ITR-7 for A.Y. 2010-11
- Income tax Department raids Educational institution SIES
- I-T raid at the residence and office of father-in-law of film actor Bobby Deol
- Government Planning Tax-saving deposit scheme to fund loans to students, educational institutions
- DTC cast burden on accused to prove source or origin of hawala transactions
- VAT Trade Cir – 16T of 2010 – Extension of Date for Physical Submission of Acknowledgement of Audit Report in Form 704 for the dealers
- MCA issued clarification on roadmap for Convergence with IFRS
- ICAI Pitches Strongly for Hosting the 19th World Congress of Accountants in 2014
- RBI issued guidelines on Note Authentication and Fitness Sorting Parameters
- RBI relaxed oversees borrowing rules for Infrastructure Finance Companies
- Review of the policy on foreign direct investment in the manufacture of Cigarettes etc.
- SEZ- Withdrawal of Instruction No. 45
- Notification No. 61/2010-Customs-Rescinds Notification No. 26/2010-Customs, dated the 27th February, 2010-Seeks to provide exemption from Special CVD to Electrical energy, when imported into India
- Notification No. 60/2010-Customs- Rescinds Notification No. 25/2010-Customs, dated the 27th February, 2010-Seeks to provide exemption from customs duty on electrical energy other than the supply from SEZ to DTA
- Notification No. 59 /2010- Regarding exemption to Raw cotton from customs duty
- Notification No. 26/2010-Central Excise- Rescinds Notification No. 18/2010-Central Excise, dated the 27th February , 2010-Seeks to provide exemption from excise duty on specified goods of chapter 24
- New RBI accounting rules brought down the capital of ICICI Bank
- Supreme Court upheld the legality of National Company Law Tribunal and National Company Law Appellate Tribunal
- Supreme Court not decided the fate of the National Tax Tribunal
- Custom Duty Notification No 62/2010, Amends Notification No.9/95-Customs, dated the 6th March, 1995
- Procedure for Delisting of Securities
- IPL Payers not having PAN may loose 1/5th of the earning as TDS
- Top Income Tax officers leaving job to join Private Sector
- How simple is e-filing of Income Tax Returns?
- SEBI going ahead with enforcement proceedings against Price Waterhouse
- IT department asked to find shortcoming in Income Tax refund issue Process
- Form 11 available- LLP need to file before 30/05/2010
- FIPB rejected Jaipur IPL’s proposal of foreign shareholding
- Legal Reforms in India – The Biggest Obstacle
- Finance Bill, 2010 becomes an Act
- Soon Education loans may get as cheap as 4 percent
- New FDI norms for Indian Companies with less than 50 per cent foreign equity
- SEBI disposes case against Motilal Oswal in IPO scam
- Govt notifies FDI ban in cigarette manufacturing
- Central Excise circular 921/10- Leviability of Education Cess and Higher Education Cess on the Stainless Steel Patta Patti or Aluminium Circles units working under compound levy scheme
- Central Excise Notification No 25/2010- Amends Notification No. 6/2006-Central Excise dated the 1st March, 2006
- Custom duty Notification No 58/2010- Rescinds Notification No. 2/2010-Customs, dated the 11th January, 2010
- Custom duty Notification No 57/2010, regarding anti-dumping duty on Polytetrafluoroethylene (PTFE) originating in, or exported from Russia
- SEBI issued circular on Making Annual Reports of Listed Companies easily accessible
- ICAI will recommend disclosure of more information’s in CARO report
- CBI books Air Hostess on corruption charges; Disproportionate assets worth Rs 3.62 Cr detected
- SC judgment today on formation of the National Company Law Tribunal
- SEBI to allow currency derivative options soon
- Maharashtra decided to levy the entertainment tax on all cricket matches
- FM proposes stamp duty on mergers and acquisitions
- MNC preferring dispute resolution panel to settle their disputes with Income tax department
- Expert Group highlighted the need to develop cost accounting standards
- The Weaver, the Princess and Goldman Sachs
- Profits / losses on futures and options contracts (derivative transactions) would be in the nature of ‘Business Income’: AAR
- UK rules for determining tax residency in the UK Background
- Employer’s contribution towards overseas social security – not taxable : ITAT Delhi
- Hypothetical tax – Not taxable as salary income
- Proposed amendments to the Finance Bill, 2010
- How controversial/litigating can an inclusive definition be?
- Rights of nominee override the rights of heirs
- Excess ITC can be utilised for payment of 25% of additional demand u/s 62(5) of PVAT Act 2005
- Maharashtra Tax Laws (Levy and Amendment) Act, 2010
- Maharashtra Value Added Tax (Second Amendment) Rules, 2010
- MVAT Notification No. VAT 15107 C.R. 52/Taxation-1 – Amendment to Schedules
- MCA sent notices to all IPL franchisees
- AAR Ruling is binding despite contrary Ruling: Bombay High Court
- S. 271(1)(c) Penalty: Supreme Court chides High Court for “casual” order. Guidelines laid down as to how judgements should be written. Correctness of Gold Coin 304 ITR 308 (SC) reiterated
- Show cause notice issued beyond the period of six months from the date of knowledge is barred by limitation is clearly contrary to the provisions of section 11A of the Act and as such cannot be sustained
- Bombay High Court pulled up Income-Tax department for its “cavalier” approach
- CAG refused to take responsibility for the Union finance accounts of 2008-2009
- PIL seeks CBI probe into tax evasion to the tune of Rs 5,000 by lottery firms
- S. 194J applies to payments made to non-professionals such as hospitals. CBDT Circular on TPA liability is valid except for view on penalty
- SARFAESI Act may be amended for faster seizure of Assets of Loan defaulters
- Special Placement Programme – June, 2010 for experienced and fresh Chartered Accountants from 22nd to 26th June, 2010
- Presumptive taxation good for small and medium size business
- Center may uniform the stamp duty rates in various state, Rates to be 5 percent on property
- ICSI suggests inclusion of secretarial standards in the Companies Bill 2009
- DGFT Public Notice No. 60/2009-14- Amendment in Appendix 30A of the HBP. Vol.I
- Inclusion in / exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 – Regional Rural Banks (RRBs)
- Rupee Export Credit Interest Rates
- ICAI Publishes List of Members held Guilty of professional and/or other misconduct
- Haryana government may give land to ICAI for setting up training centre
- ICAI seeks power for financial reporting review board (FRRB)
- RIL- RNRL verdict
- RBI extended Concessional credit to exporters by 2 months
- Amnesty Scheme for defunct companies soon
- Simple exit scheme for sick firms to ready in less than a year
- Extension of date for submission of e-704 Acknowledgment to 15th May 2010
- De-recognition of full articleship period
- IPL – Sweat Equity Share Issue – recognition of intellect as means to capital contribution in Corporates – IP audit in offing!
- Goa VAT rate change with effect from 4 May, 2010
- Regulation to Check Exploitation of Labour Abroad and for Indian Women Working Abroad
- Investigating Corruption, Financial Irregularities and Corporate Governance Standards in PSUs
- Parliament Passes Employees’ State Insurance (Amendment Bill) 2009
- RBI increases cash limit to $3000 from $2000 for Indians travelling abroad
- Fm rejected tax holiday proposal for natural gas and coal bed methane (CBM)
- Maharashtra Government imposed capital value-based system to calculate property tax
- Basis of Pricing of Initial Public Offerings (IPO)
- Custom Duty Notification No 36/2010 (NT), Makes Courier Imports and Exports (Electronic Declaration and Processing) Regulations, 2010
- Levy of interest on clearing-related overdraft extended by Clearing House managing banks for settling clearing obligations of member banks
- Working Group to Review the Credit Guarantee Scheme for Micro and Small Enterprises (MSEs) – Collateral free loans to MSEs
- Prevention of Money-laundering Amendment Rules, 2010 – Obligation of banks
- Income Tax ombudsman to help you solve your grievances resolved
- Narco, Polygraph And Brain Mapping conducted Without Consent is illegal
- SEBI V IRDA – Unfolding Turf War
- Regulatory Framework to Deal with Corporate Frauds
- Provision to Appoint Independent Directors governed by clause 49 of the Listing Agreement not by Companies Act
- SFIO Expert Committee, Cases Referred and Investigations by them
- ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6, ITR 7, ITR 8 in Excel Word PDF – AY 2010-11
- Allowing of authorized employees of IT/ITES units in SEZ to work from Home
- Tax benefit could not be denied to business restructuring in compliance of Income Tax Provisions
- Residential flat prices will go up by 4% on Service Tax and Vat
- Thane I-T Commissioner Aniruddh Rai applied for anticipatory bail in Rs 1.80 crore bribery case
- Person in control of Company is vicariously liable for an offence committed by a company under SEBI Act; he need not necessarily be a Director of that company
- Income earned by NRI from his employment in USA can not be taxed in India
- RoC expected to initiate legal proceeding against Subhiksha officials for Violation of Companies Act Provisions
- Department has to analyse process of “duplication” of software undertaken by assessee to determine nature of royalty payment
- Refund or CENVAT credit on input services allowed only if services are consumed in output service
- For computing book profit Companies need to prepare their profit and loss account in accordance with Parts II and III of Schedule VI to Companies Act, 1956
- If Income not disclosed then Assessee is liable for levy of concealment penalty u/s. 271(1)(c)
- Payments of transponder hire charges to foreign company by Indian Company is Royalty
- Income Tax department planning drive against tax evaders in Kashmir Valley
- Deferred revenue expenditure should be allowed entirety in the year in which it was incurred
- Even if a charitable educational institution having surplus, it doesn’t mean that it is exist for making profits and not solely for educational purposes
- Amount paid for compounding of offence not allowable u/s 37(1) of the Income Tax Act, 1961
- Section 80-1A(2) benefit available to telecommunication services undertaking for 10 consecutive years from the year of exercise of option
- Australia plan to impose a 40 per cent ‘super tax’ on profits of mining companies- Indian Companies Opposed the Proposal
- Clarification regarding availment of CENVAT Credit on input services
- MCA may come up with amnesty scheme for those who defaulted in filing annual returns with ROC
- IPL tax evader have nothing much to worry considering IT department prosecution rate
- Rajya Sabha approves increase in Gratuity Limit to Rs. 10 Lakh
- High Court asks to make Sharad Pawar respondent to PIL filed against non levy of entertainment tax on IPL
- Anti-corruption bureau found gold and cash worth Rs 1.78 crore, in PWD engineer’s house
- ICAI may disclose the name of auditors found guilty in scams: President
- ICAI suggests three methods for calculation of service tax on construction activities
- FM justifies retrospective change in tax laws
- FM meets SEBI, IRDA on Ulip row
- Custom department demands duty of Rs. 1450 crore from Hewlett Packard India
- File Noting under RTI Exemption
- IRDA Guidelines on Unit Linked Products (ULIPs)
- Conversion of term deposits, daily deposits or recurring deposits for reinvestment in term deposits by Primary (Urban) Co-operative Banks (UCBs)
- Release of Foreign Exchange for Visits Abroad – Currency Component
- FDI in India – Revised Pricing Guidelines for Transfer of Shares by way of Sale
- Investment in unlisted Non-SLR securities by Primary (Urban) Co-operative Banks
- Annual Policy Statement for the year 2010-11 – Opening of Off-site ATMs by Primary (Urban) Cooperative banks-Liberalisation
- National Housing Bank not supportive of teaser rate, examines issue
- Government may increase BIFR benches
- Delhi High Court stays order of bringing stock exchanges under RTI
- Consolidated Statement on Clarifications on the Roadmaps for Application of Converged Indian Accounting Standards by Companies
- Company Liquidation Process
- Loan Proposal of Asian Development Bank for MSMEs
- FM’s Speech at the 43rd Annual Meeting of Asian Development Bank
- Lok Sabha passes bill to hike gratuity ceiling to Rs. 10 lakh from Rs. 3.50 Lakh
- Government ask SEBI & IRDA to resolve ULIP ban row at the earliest
- New SEBI directive require institutional investors to pay upfront 100 per cent money in IPO like retail investors
- PIL filers opposed transfer of ULIP related cases to Supreme Court
- SEBI circular on Introduction of Index options with tenure up to 5 years
- SEBI Guidelines for Credit Rating Agencies
- Amendment in the Notification No.26/2009-14 dated 25.1.2010 regarding export of Animal by Products to EU vide Notification No. 39/2009-2014
- Amendment in Appendix 11B for Value addition notified vide Public Notice No. 42 dated 16.2.2010 : DGFT Public Notice No. 59/2009-14
- High Court directs refund of Rs.80 lakh to heirs of Maharani Gayatri Devi
- CBI arrests Branch Manager of IOB, CA and five others for duping Rs. 5.38 crores to bank
- China’s economy may slow and possibly crash within a year: Marc Faber
- ULIP policies must have a minimum assured sum payable on death, says IRDA
- Form 11 made available for LLPs
- Extension of Time for Entry to Chartered Accountants Exams at Centres in Mumbai City and its Suburbs
- ICAI collecting information from Multi-National Accounting Firms to check violation of service norms
- SFIO investigated 61 cases during 2004-05 to 2008-09
- Indian finance companies need RBI “no-objection” certificate for investing overseas
- Indian Premier League sponsors contest service tax notices
- Panel to suggest measure required for early disposal of appeal pending with CIT (A)
- Large unlisted companies may be allowed to list with 10% public holding
- Clarification regarding availment of CENVAT credit on input services- Service Tax Circular No. 122/03/2010-ST, dated 30-4-2010
- S. 80HHC: EEFC foreign exchange fluctuation and interest not eligible: Bombay High Court
- S. 197 TDS: High Court censures Dept for cavalier approach
- Government collected TDS of nearly Rs 400 crore from IPL-III
- Denial of certificate u/s. 195(3) without considering relevant provisions of law and based on considerations which are extraneous to lawful exercise of power is is contrary to statutory provisions
- Sebi asks credit rating agencies to disclose their methodologies and fees charged
- Establishment of Connectivity with both depositories NSDL and CDSL – Companies eligible for shifting from Trade for Trade Settlement (TFTS) to normal Rolling Settlement
- RBI circular on Overseas Investment by NBFCs- No Objection (NoC) from DNBS, RBI
- If assessee’s income not exempt u/s. 10 rather same was eligible for deduction u/s. 80P, assessee’s case was not hit by provisions of section 14A
- Demat Account: Why we must have this?
- Taxability of Gift under the Income Tax Act, 1961
- Maharashtra Government given “undue benefit of over Rs 20 crore” to Satyam: CAG
- Rights, Duties, Powers And Accountabilities of Part-Time Directors
- 397/398 – Fictitious Filing of Forms with MCA Portal – A Case Study – Indian Company Law
- Workers of contractor not eligible for ESI benefits
- Unborn firm cannot sign arbitration agreement
- EPFO may switch to electronic payment system
- Multipurpose Empanelment (MEF) for Chartered Accountants for the year 2010-11
- The Company Secretaries (Amendment) Bill, 2010
- Benefit of lower tax rate under Proviso to s. 112 available to bonus shares despite no indexation
- Section 51 of PVAT Act 2005
- Service tax officials raid Eden Gardens, check IPL papers
- ICAI President’s Message – May 2010
- Exposure Draft- Referencer on Secretarial Audit
- Pending tax cases are holding back more then Rs 64,000 cr
- A study of proposed amendment to finance Bill 2010
- Govt to Set up Directorate of Currency
- Issuing cheque with alteration may cost you dearly
- Pranab caps service tax on air travel
- Telecom companies question CAG’s right to Audit their books
- Liability to withhold tax would arise only if payment to overseas entities liable to be taxed in India
- Low-cost housing (property up to Rs 20 lakh) segment would be exempted from service tax
- SEBI plans to tighten the rules for transfer of sub-accounts by FIIs
- ULIP ban: Supreme Court notices to Centre and 14 life insurers
- ICICI Bank and HDFC Bank cannot be called Indian-owned banks
- Assessment order is not effaced in respect of items that are not subject of reassessment. Time limit for s. 263 begins from date of original order for such items
- Notification No. 24/2010-Central Excise- Amends No. 8/2003-Central Excise, dated the 1st March, 2003
- Notification No. 23/2010-Central Excise- Amends No. 6/2005-Central Excise, dated the 1st March, 2005
- Notification No. 22/2010-Central Excise- Amends No. 2/2008-Central Excise, dated the 1st March, 2008
- Notification No. 21/2010-Central Excise- Amends No. 3/2006-Central Excise, dated the 1st March, 2006
- Notification No. 20/2010-Central Excise- Amends No. 4/2006-Central Excise, dated the 1st March, 2006
- Notification No. 23/2010 – Service Tax – Commercial Training or Coaching Service – Exemption to Modular Employable Skill courses approved by the National Council of Vocational Training
- Custom Duty Notification No 56/2010, Amends Notification No. 79/2008-Customs, dated the 13th June, 2008
- Custom Duty Notification No 55/2010, Amends Notification No. 20/2006-Customs, dated the 1st March, 2006
- Custom Duty Notification No 54/2010- Amends Notification No. 21/2002-Customs, dated the 1st March, 2002
- Notification No. 35/2010-Custom (NT) dated -Amending Principal notification No. 36/2001-Customs (N.T.) dated the 3rd August, 2001
- Customs Notification No 34/2010 (NT), Amends notification No. 103/2008-Cus (NT) dated 29.08.2008 (Drawback Schedule notification) so as to make All Industry Rate of duty drawback on cotton yarn as nil
- Customs Notification No 33/2010 (NT) amending the Customs, Central Excise duties and Service Tax Drawback Rules, 1995 so as to disallow drawback on cotton yarn
- 397/398 – Powers of CLB to set-aside agreements and charges etc. – Indian Company Law
- High Powered Committee Set up by The ICAI
- Central Excise Notification No. 19/ 2010-Central Excise (N.T.)- Amending Notification No. 49/2008-Central Excise (N.T.), dated the 24th December, 2008
- RBI circular on List of Credit Information Companies
- Exchange Rate notification for Import / Export of goods with effect from 1st May, 2010
- ICAI eyeing work opportunities abroad for its members
- Institute of Company Secretaries of India to come out with new secretarial standard
- Government agencies fully authorised to tap the phones of suspected tax evaders
- Bill to enable CAs, Company Secretaries and Cost Accountants to form LLP
- Govt Identifies SAR of Hong Kong for Double Taxation Avoidance Agreement
- MCA asks ICAI to make IFRS training affordable
- Service tax on air travel not to impact adversely: Finance Minister
- Over 3.7 lakh companies not filed annual returns and balance sheets with ROC
- Finance Bill 2010-11: Construction Industry gets service tax concession
- Important Announcement – May 2010 Examination – CA Final (New) and (Old) on Accounting Standards – AS-30, 31 & 32
- Finance Bill 2010-11: Relaxation in Direct Taxes (Income Tax) announced by Finance Minister
- Finance Bill 2010-11: Relaxation in Service Tax announced by Finance Minister
- Finance Bill 2010-11: Relaxation announced by FM in Indirect Taxes (Central Excise and Customs)
- Finance Bill, 2010- FM announces ‘Coffee Debt Relief Package 2010’
- Major Highlight of Amendment to Finance Bill 2010-11 passed in Lok Sabha
- Service tax notices to IPL sponsors DLF, Adidas and Religare
- Finance Bill, 2010 – Notice of Amendments – Bill passed by Lok Sabha on 29-4-2010
- Finance Bill 2010-2011 passed in Lok Sabha with few amendments
- CBI Conducts Searches at 36 Places in Daman, Mumbai, New Delhi and Offices of Distilleries at Daman
- CBI arrested two senior officers of the Ministry of Home Affairs for corruption
- Government likely to introduce Bill on Direct Tax Code in monsoon session
- Website Names in Indian Languages Soon
- ICAI sought info from 150 CA firms and multi-national corporations
- Make Income Tax procedures people-friendly: Opposition
- Receipts with no nexus to exports have to be excluded for while computing 80HHC deduction
- Pricing norms for issue of shares to person resident outside India
- Proposed Regulatory Framework for Core Investment Companies (CICs) – Draft guidelines
- CBDT Clarification on Interception of Telephonic Conversations
- Finance Act, 1994 need to be amended to clear the doubts about allowability of Input Tax credit to Software and BPO Companies
- No proposal with Government of India for e-registration of FIRs through Public Kiosks
- IRDA asked insurance companies to disclose commission on ULIPs
- Shri Salman Khurshid Asks His Ministry’s Field Officers to Reach Out to the Corporates and Help Them Make Their Compliances upto-Date
- Section 80HHC – Whether independent incomes are liable to be reduced to the extent of 90% in the computation of business profits
- DGFT Public Notice No: 58/2009-2014- Fixation of new SION C 2047
- Announcement for students appearing in May 2010 and November 2010 examinations PE-II [Income-tax and Central Sales Tax] and PCC/IPCC [Taxation]
- Announcement for students appearing in May 2010 and November 2010 examinations Final (Old) Course [Direct Taxes] and Final (New) Course [Direct Tax Laws]
- Notification No. 26/2010, 27/2010, 28/2010- Section 35(1)(ii) of the Income-tax Act, 1961 – Scientific research expenditure – Approved scientific research associations/institutions
- SEBI circular on Margining of institutional trades in the cash market
- FM’s opening speech at consideration of Finance Bill-2010
- 1.50 Crore Bribe case: Court extended custody of Sumitra Banerjee, Family members of Anirudh Rai applied for anticipatory bail
- RoC issued show-cause notice to KKR for inadequate regulatory filing, May Issue notice to other IPL Franchisees too
- NYSE allowed Satyam to remain listed till 15th October
- Income tax department keeping tight vigil on Indians visiting tax havens
- IPL franchises failed to submit their annual returns with ROC
- Service tax notices to DLF, Religare, Adidas for IPL-I
- Credit Rating Agencies may be required to disclose publicly on their websites their shareholding pattern and the names of the owners
- Steps to Check Fudging of Accounts by Companies
- No provision under the Companies Act, 1956 for merger of Indian companies with foreign companies
- RBI declared 108 NBFCs as vanishing companies during last three years
- Government set up units in Singapore and Mauritius and will create units in eight more countries
- IT department and UIDAI agreed to come together for rolling out PAN cards with unique 16 digit Aadhaar number
- Introduction of derivative contracts on Volatility Index
- Guidelines for market makers on Small and Medium Enterprise (SME) exchange/separate platform of existing exchange having nation wide terminal
- Government need to constitute a joint parliamentary committee on tax havens
- IT department issued notice to firm owned by Lalit Modi’s son in Law
- 397/398 – Company Law Board – Forum Shopping – Indian Company Law
- Government released Saral-II for salaried employees for A.Y. 2010-11
- To compute the PE ‘duration test’ under Art. 5 (2) of the DTAA, different project sites can be aggregated only if the test of interconnection and interrelationship is satisfied
- Govt may initiate discussion on FDI in multi-brand retail, defence and agriculture
- MCA only collecting info on IPL teams, not conducting probe
- India becomes 7th largest Shareholder in world bank
- Import of sports weapons by ‘Renowned Shooters’ – Policy Circular No. 31 /2009-2014
- Brand Rate of Duty Drawback – References received in the Board regarding old claims
- Word ‘T’ is not the Monopoly of Tata Group
- ED suspect investment in IPL franchisees by benami companies
- I-T Department found BCCI reply inadequate
- ICAI will study the financial statements of IPL franchisees
- ICAI requested CBI , SFIO and Sebi to share evidences against PriceWaterhouse auditor
- Government plans to plug loopholes in investment of foreign equity from a single source into one company through multiple routes
- High Court instructed pollution control board to Ensure environment audit reports put to meaningful use
- Membership and Certificate of Practice Fee for the year 2010-2011
- Extension of last date for submission of cpt examination application form
- Revised ESIC Limit of Rs.15000/- From 1st May 2010
- Download ITR-1 for A.Y. 2010-11/ FY 2009-2010 in Excel, Word
- Assessee can not claim waiver from Interest u/s 234B, even if delay in payment is unintentional
- Expenditure for construction of hospital building for general public is expenditure incurred for charitable purposes
- Section 194C(1) is applicable to job work assigned by an event manager to others
- Word `capital asset’ in section 2(14) does not necessarily mean that property, which assessee holds, must be his own
- Housing Projects: Provisions of sub-section (10) not governed by provisions of sub-section (2) of section 80-IB
- Assessing Officer cannot impose penalty u/s. 271(1)(c) on the basis of routine and general presumptions
- Penalty can not be imposed u/s. 272A(2)(c) for delay in filing of quarterly returns of TDS
- TDS in deductible u/s. 194H on Commission paid on sale of pre-paid and post-paid SIM card
- Reference in Article 13(3)(c) of Indo-Canada DTAA is to “any copyright” and it is not a reference to “any right” for purpose of terming a payment as `royalty’
- An assessee does not have to develop entire port to qualify for deduction u/s 80-IA of the Income Tax Act, 1961
- Reasons recorded by AO for reopening an assessment are the only reasons which can be considered when formation of belief is impugned
- Loss of one industrial undertaking cannot be set off against the profit of another such industrial undertaking for purpose of computing deduction u/s 80-I
- Make phone banking more secure or face penalty: RBI
- SEBi circular on Execution of Power of Attorney by the Client in favour of the Stock Broker and Depository Participant
- SEBI circular on Reduction in time between issue closure and listing
- CAG reported 3 per cent decline in number of Assessee in 2008-09
- EAC opinion on Capitalisation of expenditures in respect of projects under construction
- ICAI recommended amendments in Chartered Accountants Act, 1949 to facilitate action against CA firms in addition to individual CAs
- It department opined reward of 10% of tax to informers is maximum ceiling
- ROC keeping watch on companies showing unusual financial trends
- ICSI plan to introduce courses in competition law, corporate restructuring and insolvency
- ICAI Recommendation Regarding Penal Punishment for Audit Firms for Misconduct
- Joint initiative by India and Japan for the implementation of IFRS
- Bad Debts: Debtor’s A/c need not be written off: Supreme Court
- Mumbai Tribunal rules on computation of ‘duration test’ for determining existence of ‘Construction PE’
- SC rules on credit entry in debtor’s account not necessary for bad debt write off deduction
- IT department will send notice to MSM for no deduction of tds on 425-crore ‘facilitation fee’ paid to WSG’s Mauritius arm.
- Lalit will come out clean: KK Modi
- CA, CS, ICWA asked to report suspicious fund movements directly to government
- Listing amnesty schemes for defaulting companies received enthusiastic response
- IPL investigation limited to financial irregularities and tax violations
- RBI’s role alleged in derivatives scam
- Bill to raise gratuity ceiling to Rs 10 lakh from current Rs 3,50,000 introduced in Lok Shabha
- RBI may permit banks to engage individual to act as business correspondent
- BSE reduces membership deposit by 90% for new members
- FM likely to prescribe minimum 25 per cent public holding for listed companies next month
- Government rejected demand of tax holiday for power sector and port trusts
- Rupee Export Credit Interest Rates – DBOD.Dir.(Exp).BC.No.94/04.02.001/2009-10
- Holding companies need to register with RBI as core investment companies
- RBI extended low interest rate benefit to exporters up to June 30
- IPL telecast rights-related funds not used unlawfully: World Sports Group
- CBI planning to question ex-Satyam chairman B Ramalinga Raju via video conferencing
- Narendra Modi seeks lifting of ban on cotton export
- Investor Education and Protection under section 205C of the Companies Act
- The Core Group on IFRS and the International Financial Reporting standards Council of Japan to Collaborate on a Common Platform
- Cvc Disposed of 784 Cases in February 2010 , Major Penalty Proceedings Recommened Against 170 Officers
- Credit rating not necessary for Micro and Small Enterprise (MSE) to get concessional loan
- New Regional Directorates of The Ministry of Corporate Affairs
- Modi asked 5 days in lieu of five year service
- ULIP ban: SEBI and IRDA agreed to make Joint Application to court
- Auditors are less likely to find manipulated earnings
- Government worried on teaser home loan rates, Companies in a race to announce such schemes
- Income tax department continued surveys in connection with IPL
- Income tax department issued notices to Knight Riders and Gameplan Sports,
- Soon unlisted companies may have to follow corporate governance rule
- Taxability of stipend received by Indian Resident Students out of India
- RRBs – Priority Sector Lending – Advances to Micro and Small Enterprises engaged in exports
- Section 90 of the Income-tax Act, 1961 – Double taxation agreement – Agreement for Avoidance of Double Taxation and Prevention of Fiscal Evasion with Foreign Countries or Specified Territories – Notified ‘specified territory’
- Petition under Section 397/398 – Maintainability – A Case Study
- Lalit Modi questioned by Income Tax and Enforcement Directorate
- IPL: Income Tax Survey at Sahara India office in Lucknow
- ICAI – Implementation of Section 51A of Unlawful Activities
- Despite Rejection of frivolous RTI applications: RTI act need not be amended
- Income tax department asked six month record of telephone calls from IPL offices
- Shiv Sena Leader filed PIL seeking levy of entertainment tax on IPL
- SEBI Vs IRDA – is litigation the only way to save policyholders interest!
- IT dept activates control rooms in Delhi and Mumbai to monitor IPL
- Income Tax assistant commissioner Anjali Bambole in CBI custody till April 27
- Nominee, not heir, to get shares after holder’s death: HC
- Spouse and Law of Nomination
- Tharoor’s case similar to Chidambaram’s 18 years ago
- Delhi High Court quashed ICAI decision against auditor P Ramakrishna in Global Trust Bank case
- ICAI to include case studies in CA programme to test application skills of the students
- IT department raided office IPL team Chennai Super Kings, owned by India Cements
- IT department raided offices of the Kolkata Knight Riders and Cricket Association of Bengal
- IPL: Income Tax raids on MSM, WSG, IMG
- IT department will ask IPL franchisees to justify the unexplained expenditure under the Section 69 C of the Income Tax Act
- RBI may liberalise its policy for foreign banks operating in India
- SEBI looking to curb mis-selling of mutual fund by distributors through a compliance certification examination
- RBI allowed four more companies to open Credit Information Bureau in India
- Ulips: Investors need not worry, says Khurshid
- DGFT Public Notice 57/2009-14Amendment in Schedule of DEPB rates of Textiles Product Group:89
- DGFT Public Notice 56/2009-14- Amendment in Schedule of DEPB rates (Fish & Fish Products)
- RBI guideline on Issue and Pricing of Shares by Private Sector Banks
- Custom Notification No. No. 53 /2010- Regarding anti dumping duty on Phenol originating in, or exported from, Thailand and Japan
- Custom Duty Notification No 52/2010- Regarding anti dumping duty on Tetrafluoroethane or R-134a of all types originating in, or exported from China and Japan
- Mayawati accused Centre of harbouring caste bias against her in matters relating to disproportionate asset cases
- Goldman Sachs Director Gupta Dines with American president, Deals With Rajaratnam
- SEBI directed FIIs to disclose more information about their investment structure in India
- ROC to collect details relating to the IPL franchises and the bidding process
- NGOs getting Government aid are Public Authority and covered under RTI Act, 2005: Delhi high court
- Cheques with alteration/corrections will not be honoured from 1st July 2010
- Income Tax department declared result of Departmental Examination for Income-Tax Officers (ITO) 2009
- Section 80HH to section 80U under chapter VI-A are not independent and shall be governed by the provisions of section 80A read with section 80B(5) of the Act
- Government will not spare any guilty or wrong-doer: Pranab Mukherjee on IPL
- Sunanda Pushkar not out of taxman’s net despite giving up her stake
- Income tax and enforcement directorate discussed if IPL deals are as per FEMA guidelines?
- Income Tax department asked 10 questions to BCCI related to IPL
- CBI searched income Tax Commissioner and arrested assistant commissioner of Income Tax in bribe scam
- No immediate hike in Interest rates: Bankers
- Supreme Court declined to grant bail to PWC auditor Gopalkrishnan
- RBI will issue new norms for granting banking licences by July end
- All life insurance Companies can issue ULIP after its approval: IRDA
- Government given 32 Banks approval to provide mobile banking facility in the country
- Finance Minister Welcomes RBI’s Monetary Policy for 2010-11
- RBI Proposal to introduce a new regulatory framework for NBFC which are Core Investment Companies
- Report allege involvement of Lalit Modi in ‘IPL Match fixing’ and ‘betting’
- Additional declaration & undertaking for registration of FII and sub-account of FII
- No obligation on the DTA unit to reverse the accumulated balance of Cenvat credit at the time of its conversion into EOU
- Reversal of Cenvat Credit in the event of reduction of price after the supply of goods
- Cenvat credit on common inputs eligible only in terms of rule 6 when excisable & exempted products are manufactured
- 100% EOU is entitled to benefit of refund of Cenvat Credit under rule 5 of Cenvat Credit Rules, even if the final products are exempted
- RBI Annual Policy Statement for the Year 2010-11
- RBI hiked Repo Rate, Reverse Repo Rate and Cash Reserve Ratio by 0.25 Percent
- PAN card must for all Indian Citizens
- Arrested Income Tax officer have Property in Malaysia and Two Crore Rupees in foreign Bank Accounts
- Fund set up in ICAI member’s memory
- CEOs can be paid higher with government approval: Khurshid
- IPL: Income tax department will seek information from Mauritius
- Awesome Growth in Income of IPL commissioner Lalit Modi during last three year
- Proper drafting of agreements necessary to avoid unnecessary litigation and tax liabilities
- Income Tax department surveyed Ahmedabad-based Astral Poly Technik Ltd
- DGFT needs to clarify on confusion regarding realisation of foreign exchange
- Court dismissed petitions of Satyam Auditors requesting defreeze of their bank accounts
- Government planing to tighten investment norms for non-resident Indians (NRI)
- All IPL franchises under the scanner of Corporate Affairs Ministry
- ROC to Judge Violation of Companies Act by Rendezvous Sports: Salman Khurshid
- Areas of Importance -Investors need to consider
- Custom Notification No 31/2010 (NT), Amending Notification No. 36/2001 – Customs (N.T.), dated, the 3rd August, 2001
- ICAI asked local audit firms to furnish details of tie-ups with MNCs to check surrogate practices
- RBI may hike rate by 0.25 percent
- IPL controversy – a classic example of complications in dealing with a corporate dispute
- Resignation Letter under protest or Duress is no resignation: Bombay High Court
- FIRs should be made compulsory
- CBI arrested Income tax officer and her husband for accepting Rs. 1.70 crore bribe in Mumbai
- Download online ICAI Admit Card for May 2010 examination
- IPL: Income Tax Department questioned Mallya’s daughter
- Penalty- sec. 271(1)(c ) – when two views are possible penalty cannot be imposed
- IT Department has started a three-pronged scrutiny of material collected during survey at IPL and IPL commissioner offices
- SEBI circular on Amendments to Equity Listing Agreement – Discontinuation of Electronic Data Information Filing and Retrieval (EDIFAR) System
- ITAT should dispose off stay granted appeals within the period specified under section 254(2A): Bombay HC
- Sebi issued circular on Additional information regarding PCC, MCV or equivalent structure by FIIs
- Central Excise Notification No 19/2010 CE(NT), Amending Notification No. 16/2010-Central Excise, dated the 27th February, 2010
- CBDT panel may retain MAT on Gross Assets concept; Capital WIP may not be taxed
- Indian Premier League (IPL) teams under the income tax (I-T) department’s scanner
- Mystery woman left hotel room of Lalit Modi 30 Minute before Income Tax Raid
- Department tighten rules related issue of Lower Rate/Zero rate TDS deduction certificate
- NSE comes under the purview of RTI : Delhi High Court
- SEBI and IRDA will work together to resolve the issue of ban on ULIP
- Himachal Pradesh imposed Entry tax
- Custom Notification No 47/2010 – Regarding anti dumping duty on nylon filament yarn
- Custom Notification No 46/2010 – Regarding continuation of anti dumping duty on imports of narrow woven fabrics
- Custom Notification No 45/2010 – Regarding anti dumping duty on Acetone originating in, or exported from Thailand and Japan
- Custom Notification No 44/2010 – Regarding exemption to Cotton waste, all sorts from customs duty
- Custom Notification No 43/2010 – Amending Notification No.100/89-Customs, dated 1st March, 1989
- Custom Notification No 42/2010, Regarding anti dumping duty on Polytetrafluoroethylene (PTFE) originating in, or exported from China
- Supreme Court decided to refer to a larger bench the issue of imposition of entry tax
- SEBI may soon introduce more currency derivatives products
- Conferences and events are the new mantra of brand building for law firms
- Government may propose safer exit route to private equities (PEs) and Venture Capitalists (VCs)
- Real estate companies reluctant to switch to IFRS
- IPL may create accounting issues in future
- Government allowed MVAT refund of financial year 2009-10 to be set off against liabilities of financial year 2010-11
- Over 1,100 CBI cases on corruption pending
- Announcement – For Mandatory Compliance by Indian CA Firms having Affiliation with International Entities/Network
- Dual Listing
- Competition Act, 2002 & impact on industry in the years ahead
- CBDT and Income Tax department received certification under IS 15700:2005 from the Bureau of Indian Standards
- Income Tax officials visited offices of IPL, Lalit Modi
- Cost accountants body to set up centres for filing e-returns
- ICAI Help Line Desk – Admit Card – CA Exams May 2010
- Change of Examination Centres for May-2010 CA Exam
- Income Tax department created special cell for IPL, Made visit to IPL headquarter for inquiry
- Central Excise Notification No 18/2010 CE (NT) amending chewing Tobacco and Un-manufactured Tobacco Packing Machines (Capacity Determination and Collection of Duty) Rules, 2010
- Central Excise Notification No 17/2010 CE(NT) Specifying Jarda scented Tobacco for levy and collection of excise duty
- RBI advised banks not to insist for collateral on education loan up to 4 Lakh
- Government may empower independent directors and company secretaries to enforce corporate governance norms
- Guidelines for independent directors sought by ICAI and ICSI
- ICICI bank fined for not helping the victim of cyber crime
- HDFC bank announced teaser interest rate of 8.25 Percent for first year on home loan
- CAG Circular regarding PSU audit guidelines
- Summary of Valuation rules for Jewellery, Artistic Work, Shares and securities
- Special Bench chosen not to follow the Karnataka High Court’s judgement in the case of Samsung Electronics
- CBDT valuation rules for Gift seems to be fair
- GST will have significant impact on working capital requirement
- Builders Association submitted its concern over imposition of service tax
- Deduction u/s. 80E for educational loan extended to loan for vocational courses and studies in all streams including commerce and art
- LIC may benefit from fight between SEBI and IRDA
- SEBI commenced sending cheques to victim of IPO irregularities
- Press Release and Salient features of MOU signed by ICWAI with CBEC on 13.4.2010
- SEBI firm on its ban order on issue of ULIP after April 9, 2010 by insurance companies
- Exempt Indian companies’ earning from overseas firms – Assocham
- Britain made takeovers by foreign companies difficult
- Govt Identifies 9 New Territories for Tax Avoidance Agreements
- ICAI to be a Facilitator of Finance Ministry’s E-Initiative Signs MOU with the Central Board of Excise and Customs
- ICAI clarification on disposal of form to members of The Northern Region
- CA in practice for one year or more may become Certified Facilitation Centre under ACES Project of the CBEC
- Notification No. 50/ 2010-Customs – Regarding anti dumping duty on Front Axle Beam and Steering Knuckles originating in, or exported from China
- Notification No. 49/ 2010-Customs – Regarding anti dumping duty on circular weaving machines, originating in, or exported from China
- Notification No. 48/ 2010-Customs -Regarding anti dumping duty on Recordable Digital Versatile Disc [DVD] of all kinds, originating in, or exported from the Malaysia, Thailand and Vietnam
- Custom Notification No 29/2010 (NT) amending Notification No. 49/2005-Customs (N.T.), dated the 17th June, 2005
- Custom Notification No 28/2010 (NT) amending Notification No. 39/2005-Customs (N.T.) dated 3rd May, 2005
- Income-tax department making effort to recover Income Tax out of money in Swiss Account of Hasan Ali Khan
- ICSI will focus on semi-urban and rural areas
- IRDA’s Guidelines on Periodic Disclosures to be made by insurance companies
- IRDA chairman letter to existing and prospective ULIP Policyholders
- Govt notified ten year Deep Discount Bond of REC the purpose of section 2 (48) the Income Tax Act
- Legal Service Authority Act, 1987 – A Preview of Application on Society
- Why blue chip stocks are preferred?
- Online database of Board of Directors of Central Public Sector Enterprises (CPSES)
- Notification No. 16 /2010 – Central Excise (N.T.)- Amending Notification No. 6/2007 (N.T), notification No 02/2008(N.T.), notification No 26/2008(N.T.) and notification No 37/2008(N.T.)
- Notification No. 15 /2010 – Central Excise (N.T.)- Making further amendment in Notification No.25/2005
- Notification No 14 /2010 Central Excise (N.T.) making Further amendment in Notification No.24/2005
- FM Initiates Process of Disbursal of Disgorgement Proceeds to Investors
- DGFT Policy Circular No. 30 /2009-14 – Listing of Supporting Manufacturer in the SHIS Scrip (Para 3.10.4 of HBPv1) and other details/instructions regarding SHIS
- SEBI, IRDA agreed to maintain status quo that existed before SEBI’s ban on ULIP sell, Montek in favour of early solution to dispute
- Local Court directed CBI to file memo before it by April 16
- ICAI Invitation to send Issues and Suggestions related to Indirect Taxes
- Ministry mulls relaxation in criminal prosecution for delay in filing balance-sheet with ROC
- Not happy with empanelment process- WIRC withdrawn its nominees from Audit Allotment Committee of all DDR
- New Zealand accountancy firms outsourcing work to Indian Chartered Accountants
- CAs have edge Over MBAs
- RBI allowed FIIS to offer domestic and foreign government securities as collateral to stock exchanges
- Government may look into ongoing tussle between IRDA and SEBI on ULIP ban
- Defence ministry plan to oppose Proposal to increase FDI in defence sector
- DTC will go through major changeover to address the areas of concern
- Discounted Cash Flow- A Complex Valuation Method
- EBITDA Multiple – A Smart Valuation Method
- All about Price-To-Earnings Ratio (P/E)
- Key Valuation Methods
- Mumbai Tribunal rules that the transfer of licensed software cannot be considered as ‘royalty’ within the meaning of India-US tax treaty
- Investment by Financial Investor with protective rights for investments should not result in vesting of ‘Control’ of the Target Company with financial investor
- Now same Interest rate for old and new Home Loan
- Akshay, Shahrukh, Hrithik paid lesser Income tax in FY10 while Aamir, Amitabh paid more
- Court directs SEBI to probe DLF’s ‘mis-statement’ in Red Herring Prospectus
- Income Tax Notification 24/2010 – Section 2(48) of the Income-tax Act, 1961 – Zero Coupon Bond Specified bond
- Please Comment: Should CAs be allowed to represent the Assessee in Assessment Proceedings?
- S. 195 (1) TDS obligation does not arise if the payment is not chargeable to tax. Samsung Electronics not followed
- Clarification on changes in timeline / disclosure requirements for Quarterly and Annual Financial results
- Service Tax on Healthcare Services
- Irda rejected Sebi’s ban on selling of ULIP by life insurance companies
- Life insurance companies to meet on ULIP ban on Monday to discuss the future course of action
- Right To Information- Is this Really a Powerful Weapon to Curb Malpractices?
- Leadership – need, importance & impact on Corporates
- CIBIL making life difficult for Credit card and personal loan defaulters
- Corporate thief becoming socially-accepted convict
- ULIP insurance policies safe: IRDA on SEBI’s ban order
- SEBI ban further issue of ULIP by 14 insurance Companies
- Pay only Income Tax on black money and karo relax
- Income Tax raid at Lottery Distributor- Department recovered tax of 19 Crore
- CBDT agreed not to attach Bank account of Sugar Mills in Maharashtra or demand part payment of dues
- CBDT bought all DRPs under the supervision of the Director-General of Income-Tax (International Taxation)
- NHAI, REC optimistic on achieving sale target of Rs. 6500 crore for tax-free bonds
- CBI arrested ESIC inspector for demanding and accepting the bribe
- Private telecom operators not providing their account books: CAG
- BOA of SEZs Grants six Formal Approvals
- IPO Scam: Investors will receive compensation out of money recovered from scamsters
- RRBs – Know your Customer (KYC) guidelines – accounts of proprietary concerns
- RBI Guidelines on the Base Rate – Circular No.- DBOD. No. Dir. BC 88 /13.03.00/2009-10
- Investment in SLR Securities by Regional Rural Banks (RRBs)
- Priority Sector Lending – Advances to Micro and Small Enterprises engaged in exports
- Custom Notification No. 41 / 2010-Customs- Amending Notification 21/2002 dated 1st March, 2002
- Customs Notification No 30/2010 (NT), makes Customs House Agents Licensing (Amendment) Regulations, 2010
- Customs Circular No 09/2010, regarding issue of Custom House Agent License
- DGFT Public Notice 55/2009-14- Opening of Extension Counter of Jt.DGFT Bhopal at Indore (Amendment in Appendix-I)
- DGFT Public Notice 54/2009-14- Amendment in Hand Book of Procedure Vol.I – Addition of Para 3.10.2, 3.10.3, 3.10.4, 3.10.5, 3.10.6 and Para 3.10.7 after Para 3.10.1 in the Handbook of Procedure Vol.I
- DGFT notification 38/2009-2014- Regarding Compulsory registration of cotton yarn export contracts
- DGFT notification 37/2009-2014- Amendment in the ITC(HS) Classification of Export and Import items
- CBT may fix Interest rate at 8.50% on Employee Provident Fund for financial year 2010-11
- Highlights Of e- Filing Season A.Y. 09-10 (up to 31/03/2010)
- Agreement for Avoidance of Double Taxation and Prevention of Fiscal Evasion with Foreign Countries – Specified territories notified under section 90, Explanation 2
- New IT Valuation rules for Jewellery , Shares and securities, archeological collections, drawings, paintings, sculptures or any work of art
- ICAI asked for exclusion of land value from the proposed service tax on the realty sector
- Tax planning is valid. As McDowell (5 judges) has been explained in Azadi Bachao (2 judges), the latter is binding
- Penalty: Welcome judgement from Hon’ble Supreme Court
- Summary of recent Amendments to the Equity Listing Agreement
- Company law – judicial interpretation Transfer of shares of a public company
- Salient features of amendments to the NBFC Directions – Introduction of 4th category of NBFC – Infrastructure Finance Company (IFC)
- Criteria for identification of a vanishing company
- Illegal trading in commodity market may attract penalty up to Rs. 5 Lakh
- Government approved proposal to introduce the Prevention of Torture Bill, 2010
- Madhya Pradesh VAT amendments effective from 1 April, 2010
- Delhi VAT amendment imposing restrictions to input tax credit effective from 1 April, 2010
- Haryana VAT rate changes effective from 1 April, 2010
- Recent Amendment in PPF related to Deposit date in Cheque payments and Opening of Account for Minor
- Ernst & Young Role under scanner in Lehman Bankruptcy
- Corporate fraud incidents on the rise in India: KPMG
- Government banned foreign direct investment (FDI) in cigarette manufacturing
- Biggest Ever Ponzi scheme -The one which was run by Bernie Madoff
- SEBI circular on Applications Supported by Blocked Amount (ASBA) facility in public issues- CIR/CFD/DIL/2/2010 April 06, 2010
- SEBI issued Master Circular for Depositories
- Master Circular on Allotment of codes to Stock Exchanges, Subsidiary management by Stock Exchanges, Governance of recognised Stock Exchanges and Arbitration in recognised Stock Exchanges
- Service Tax on Sports Activities
- Ethics, morality and Social Responsibility in Corporate Compliance Management
- Custom Order Appointing Common Adjudicating Authority in the case of M/s Health Impex, New Delhi and others
- Amendments in Arbitration and Conciliation Act 1996
- Three PWC partners leave the firm
- Reduction in timelines between IPO closure and listing: SEBI press release
- FM may exclude Land Value may from the proposed service tax on under construction house
- Are we ready for IFRS?
- Appointment of ISA Qualified Members for Review of ITT Centres of ICAI
- Expenses incurred to earn agricultural income cannot be allowed as expenditure in computing the business income
- Income Tax raids on 45 sugar mills across the country
- Investor Protection & role of the Securities Appellate Tribunal
- AO can make adjustments to the book profits for computation of MAT, if book of Accounts are not as per schedule VI of the companies Act
- To claim bad debts it is sufficient if the debt is written off as irrecoverable in the books of accounts of the taxpayer
- Sale of cruise tickets through the services of an Indian entity on principal to principal basis and at an arms length prices would not be liable to tax in India
- Saral Form can be as Saral as law, Income Tax law need to be simplified
- Notified Income-tax authorities for the purpose of Dispute Resolution Panels- Notification No. 21/2010
- Top multinational accounting firms flouted norms to provide services in India
- Government may introduce separate legislation to speed up insolvency proceedings
- SEBI circular reduced time for disclosure of results and made it mandatory to disclose solvency position every 6 months
- Listed company now required to disclose quarterly result in 45 days from the end of every quarter and Annual result in 60 days from the end of financial year
- ICWAI invites Member’s comments invited on Exposure Draft of CAS on Cost of
- Aayakar Sewa Kendra Pune receives ISO certification
- Engagements of individual Chartered Accountants as consultants with Principal Director of Commercial Audit, Indian Audit and Accounts Department, Mumbai
- Income tax department will recommend de-freezing of about 100 demat accounts
- Cost of Litigation
- Service Tax on Membership Subscription on “Club of Association Service” (An analysis of levialbility of Service tax on Trade/Industry Associations)
- Merely coming together and acting in cooperation do not mean AOP has been formed
- CBDT want to book tax evaders under PMLA and looking to Jail Tax evaders
- Government taken first step towards the introduction of the goods and services tax
- Big 4 circumventing law to provide auditing services in the country
- FDI in LLPs unlikely in near future
- FM proposed to tighten the foreign direct investment (FDI) regime in the country
- ICWA southern region placement- 100 picked out of 450 candidates
- For 80HHC netting of Income not allowed- Bombay HC ruled in the case of CIT vs. Asian Star Co
- No TDS on contract manufacturing, Bombay HC ruled in the case of Glenmark Pharmaceuticals
- Amendments to the Equity Listing Agreement : SEBI
- New grounds cannot be added in arbitration appeal to challenge the original award
- Services from India to qualify for zero rating under the revised provisions
- Assessee need not withhold tax if such payments (to non-residents) are not chargeable to tax
- Jammu and Kashmir VAT rate changes w.e.f. 1st April 2010
- Karnataka VAT rate changes w.e.f. 01.04.2010
- BJP to approach CVC over CAG revelations – Malhotra
- Cag Seeks Stakeholders’ Perception in audit work
- Legal framework need to be re-crafted to enable CAG effectively discharge its constitutional responsibilities
- Notification for Eligibility Test (ET) for Post Qualification Course on Information Systems Audit (ISA)
- PAN become must for all transactions from 1st April 2010
- ICAI decided to review financial statements of 150 listed companies
- A new Controversy by CBDT: Disallowance of Forex Derivative Losses
- ICAI panel hit out at banks for not doing due diligence on Satyam before giving loans
- ICAI planning to crack down on CA firms who indiscriminately use the brand names of the global firms they associate with
- Bengal Finance (Sales Tax) Act, 1941- Whether the show cause notice issued by the respondent is illegal and defective as the same did not provide for a time period of 15 days as prescribed in the statute?
- Applicability of TDS on Royalty payment to US based Copyright Holder on sale and distribution of cinematographic films on DVD and VCD
- Internal CUP Method Applies for Interest-Free Loans Made by Indian Company to Foreign Subsidiaries
- No penalty for making an incorrect claim under the Income Tax Act: Supreme Court
- Employee left India for the purpose of employment outside India – non resident if present for less than 182 days in India
- Highlights of Foreign Trade (Development and Regulation) Amendment Bill, 2009
- Roll over charges paid on foreign exchange forward contracts required to be adjusted in the carrying amount of fixed asset
- Section 141 of Negotiable Instrument Act, 1881 does not make all the Directors liable for Dishonour of cheques
- Value of house under construction including investment on construction is not liable to wealth-tax
- Validity of reassessment has to be decided with reference to reasons recorded while re-opening an assessment
- Close business association between two or more persons does not by itself make them person acting in concert
- Any disclosure made subsequent to seizure of incriminating material cannot be called voluntary under section 273A (1) of the IT Act
- No adjustments Arms Length Price (ALP) required when difference between ALP determined by assessee and by AO varies not more than 5 per cent
- Applicability of Interest u/s 234B(3) for the first time in reassessment completed under section 147
- Sale of stock exchange membership card of a defaulting member by Exchange amounts to transfer under the Income Tax Provisions
- Allowability of Payment towards PF/ESI contributions made before filing of income Tax Return?
- Speculation gain can be set off against carried forward speculation loss
- If transaction for sale concluded outside India then no income from offshore supplies accrues or arises or can be deemed to accrue or arise in India
- Provisions of section 11B of SEBI Act can be applied retrospectively
- Absence of reason for modification in Penalty order by tribunal will not make it Unjustifiable
- Assessment demands does not get stayed or vacated on filing of application before
- Expenditure on improvement of Capital Expenditure needs to be supported by evidence
- If notice served through Courier then department need to exercise extra caution to prove service of the same to right person
- If Interest on original loan not allowable then Interest on the second loan for repayment of original loan also not allowable
- Before due date simply refers and means that not after the expiry of due date
- As per treaty with USA Profits attributable to transaction of cargo, mail, etc. by aircrafts owned, chartered or leased by assessee cannot be taxed in India
- Major fire breaks out at Income Tax office in Delhi
- Informers can ask for information given by the Assessee to department under the RTI Act, 2005
- In the case of difference between the sales as per books of accounts and the amount shown in TDS certificate only the profit element is taxable and not the entire amount
- The initial assessment year for the purpose of claiming benefit under section 80-IA of the Act, is the year of commercial production not the year of trail production
- Withdrawal of Circular no. 23 dated 23 July 1969 by CBDT is prospective in nature and will not apply to the pending cases
- Banks and NBFCs got time up to April 2013 to adopt IFRS
- SEBI directed stock exchanges to post all their regulatory orders and arbitration awards on websites from this fiscal
- Not much success to ICAI in Satyam scam investigation
- Foreign Companies planning to move AAR to seek clarity in respect of Investment Via Mauritius
- First Indian Depository Receipts (IDRs) Issue – Red Herring Prospectus filed with SEBI by Standard Chartered Plc- a discussion
- Analysis of eligibility criteria and other procedural guidelines for the establishment of Branch office / Liaison office by foreign entities in India
- With effect from 1 April 2010 higher rate of tax applies for tax withholding where PAN is not provided
- Revised Guidelines for grant of Employment Visas to Foreign Nationals
- Transfer Pricing: Importance’ of FAR analysis and guidance on some basic parameters to be considered in selecting appropriate’ comparables
- Taxability of Architectural services provided by a limited partnership under the provisions of DTAA with USA
- Clarification on refund of input taxes to exporter of Services under Notification 5/2006-CE (NT) dated 14 March 2006 (“Refund Notification”)
- Delhi VAT rates after Notification
- RBI relaxed norms for assets classification in respect of advances pertaining to Projects under Implementation
- ICAI panel suggested formation of separate regulatory framework to oversee foreign firms working in India
- Clarification on dealings between a client and a stock broker
- 397/398 – the role of Company Law Board – Indian Company Law
- Reintroduction of the erstwhile Income-tax Rules with regard to the TDS/ TCS provisions
- Indian Economic Survey 2009-10 – Key Highlights
- Summary of Circular 1 of 2010 for consolidating the Foreign Direct Investment (FDI) Policy Framework
- Income tax department sought SC’s direction on taxability of sales tax incentives in RIL case
- MVAT Notification for Amendment to Notification VAT-1505/CR-105/Taxation-1 Dt.01.06.2005
- MVAT Notification for Goods notified under sub-entry (a) & (b) of entry 101 of Schedule C
- MVAT Notification for Amendment in Notification No.VAT.1505/CR-120/Taxation-1 dated 01/06/2005
- Notification for Amendment to Schedule A, C & D of MVAT Act, 2002
- Amendment to MVAT Notification CR-118 dated 01/06/2005
- ICAI Announcement for Extension of Date of CPT Registration
- Committee constituted to review the acquisition procedure of the security features for currency notes submits its report to the finance minister
- CVC Disposed of 541 Cases in January 2010 Major Penalty Proceedings Recommened Against 135 Officers
- Custom Notification No 40/2010- Amending Notification 21/2002 – Customs, dated 1st March, 2002
- Custom’s Notification No 27/2010 (NT)- Amending Notification No. 36/2001 – Customs (N.T.), dated, the 3rd August, 2001
- DGFT Public Notice No 51/2009-14- Amendment of para 2.37 A of HBP Vol.1
- Circular No. 920/10/2010-CX- Items used in Ceramic Tiles Industry – whether capital goods or input
- Himachal Pradesh VAT notification enhancing the basic rate of tax Contacts
- Taxpayers can expect faster refunds from the I-T department this year
- Reconstitution of Group for identifying Direct Taxes issues arising from convergence of Indian Accounting Standards (ASs) with International Financial Reporting Standards (IFRSs)
- SEBI allowed mutual funds more time to comply with KYC norms
- Buyback / Prepayment of Foreign Currency Convertible Bonds (FCCBs)- A.P. (DIR Series) Circular No. 44
- List of Statutory Branch Auditors recommended for appointment in Public Sector Banks – 2009-10
- Indian companies allowed participating in consortium with other international operators to construct and maintain submarine cable systems on co-ownership basis under the automatic route
- Prudential Norms on Income Recognition, Asset Classification and Provisioning Pertaining to Advances – Projects under Implementation
- Under Sec 260A of Income Tax Act High Court has no power to condone delay in filing appeal
- Gifts- Genuineness of NRE gifts
- Interest under s. 220(2) is leviable for default in payment of tax from the date of default till the date of admission of application for settlement by Settlement Commission
- TDS – sec 194J – Hospital merely acted as conduit -Doctors did not provide prof service to hospitals
- MVAT circular 14T of 2010 related to changes in rate of tax
- High Court fumes at Income Tax Department’s recovery mania- Strictures against dept for disposing stay applications without proper reasons
- MCA approved five more professions who can form LLP firms
- NO Pan -Get ready to TDS deduction at the rate of 20 Percent from today i.e. 1st April 2010
- Due date for submission of MVAT Audit report in form 704 extended to 30th April 2010
- Tax saving tips for financial year 2010-11 to maximise your wealth
- File your Income Tax return in time to avoid penalty and fine
- From today more interest on your Saving Bank account
- Stamp duty is applicable on purchase of Property in Public Auction
- Exchange Rate notification for Import / Export of goods with effect from 1st April, 2010
- Service tax on rail fright deferred till 1st July 2010 in Public Interest
- Service tax Notification No. 20/2010 amending notification No.07/2010-Service Tax, dated the 27th February, 2010
- DGFT Policy Circular No 29/2009-14 – Invitation for applications for Import licences for Rough Marble Blocks – Issue of quota for the financial year 2010-11
- DGFT Policy Circular No 28/2009-14 – Drawing of export samples of basmati rice for variety identification purposes
- DGFT Public notice No. 53/2009-14- Amendment in Appendix 37D, Table-6, Handbook of Procedure Vol.I, for benefits on exports made from 1.4.2010 till 30.9.2010
- DGFT Public notice No. 52/2009-14- Amendment in Appendix 37D, Table 6, Handbook of Procedure Vol.I – for benefits on exports made on or after 1.1.2010
- DGFT notification 36/2009-2014- Policy for issue of import licenses of Rough Marble Blocks for the Financial year 2010-11
- Job Work: Better late than never
- MCA press release- Roadmap for banking companies, insurance companies and NBFCs
- Retrospective Amendments – High-time for Introspection by India
- Delhi government withdrawn four-per-cent value-added tax (VAT) on cooking gas
- IRDA come to know about fraud insurance racket, planning to file criminal cases
- Now you can withdraw money from Paypal to you local bank account
- Amendment in Appendices and Aayat Niryat Form in the Hand Book of Procedure (Vol.I) 2009-14 by DGFT Public notice No. 50/2009-14
- DGFT notification no. 35/2009-2014- Prohibition on export of Pulses
- Income Tax Department appeal to penalise Reliance Petroproducts dismissed
- Circular No.8/2010-Customs on Import of Cosmetics under the Drugs and Cosmetics Act, 1940 and Rules made thereunder
- Agricultural Debt Waiver and Debt Relief Scheme, 2008 – Prudential Norms on Income Recognition, Asset Classification, Provisioning and Capital Adequacy
- ICAI Announcement on other Issues Related to Direct Tax
- RBI circular on Classification of Capital Instruments in Balance Sheet
- ICAI President’s Message- April 2010
- Income Tax department technically equipped to detect fraud or hidden information
- Revision- A possible view not unsustainable in law cannot be revised
- Incorrect assumption of facts, or incorrect application of law can only satisfy the requirement of the order being erroneous
- Block assessment has to be based on evidences and not best judgment
- Dual Audit may be a reality soon
- Salaried taxpayer received notice for payment of tax despite no dues because of system error
- New Companies Bill to facilitate, guide generation next joining family business
- Benefit of section 10(23C)(v) cannot be denied merely because there are profits. In computing the profits, capital expenditure has to be deducted
- Corporate affair ministry may soon launch ‘Investor education protection fund’ website in regional languages
- Government policies man hurdle in implementation of corporate governance by PSUs
- Real Estate Developers’ Associations may move court if land cost is not exempted form levy of service tax
- PWC case will be heard by SEBI in Satyam Scam
- Custom law Amendments need to be reviewed by CBEC
- Government planning to give ICAI more power so that it can exercise more control on Audit Firms
- One Bench cannot differ from the view of another co-ordinate Bench but must refer to a larger Bench
- PPF Circular clarifying regarding reckoning of the date of deposit and Reiteration of instructions on opening of account for minor
- Act now as fiscal year 2009-10 comes to an end
- Tax rate of Income Tax, Dividend Distribution, STT, Wealth, MAT & Special Income – A.Y. 2011-12
- TDS Rate for FY 2010-11/ AY 2011-12 with Amendment
- Amendment proposed by union budget 2010 in Provisions dealing with Settlement Commission
- Implementation of Unique Document Identification Number postponed to 1st July 2011: Budget 2010
- Power of the High Court to condone the delay u/s. 256 (reference) and 260A (Appeal): Budget 2010
- Tax Neutrality on conversion of Company into Limited Liability Partnership: Budget 2010
- Incentive to Special Economic Zone (“SEZ”) provided in Union Budget 2010
- New Hotel Project and Convention Centers in NCT – Deduction under section 80 ID: Budget 2010
- Deduction for eligible housing projects U/s. 80IB (10): Budget 2010
- Prohibition of dual deduction U/s. 35AD and Chapter VIA: Budget 2010
- Modification of the Conditions u/s. 35AD, applicable to cross-country Gas pipelines: Budget 2010
- Government monitoring end use of funds raised through IPO to prevent fund diversion
- Service tax on Distribution of Films and the Health Care Industry would lead to double levy
- CBDT instructed its staff to disallow mark to market forex derivative loss
- Vodafone Essar given clean chit be special auditor
- Customs notification – 38/2010 – Regarding anti dumping duty on Coumarin originating in, or exported from China
- Customs Notification No. 34/2010, Amending Notification No. 158/95-Customs, dated the 14th November, 1995
- No room for builders under Service tax net
- Promoter, Director & Company – Preview of inter se relationship
- Highlights of Maharashtra Budget 2010-11 and text of Budget Speech
- Urban Development Ministry will ask for review of service tax on real estate
- Penalty for concealment of income u/s. 271(1)(c) can be imposed only if the concealment is proved : SC
- Subsequent to amendment in section 56 of the Income Tax Act, 1961, Purchase of Rights issues, preferential allotments by companies to you may land you in tax net
- Shri Salman Khurshid launches the Hindi Website of ‘Investor Education and Protection Fund’ and of the Ministry of Corporate Affairs
- Recovery of drawback amount on the portion of the FOB value of export not realized by the exporter but compensated by ECGC
- Custom notification No. 39/2010, imposing Anti-Dumping duty on imports made from China
- Custom notification No. 37/2010, imposing Anti-Dumping duty on imports made from China
- Notification imposing Anti-Dumping duty on export made to India by M/s. Kodak (China PR) Graphic Communications Company Ltd.
- Customs Notification No 25/2010 (NT), Appointing Common Adjudicating Authority in the case of M/s Uttam Trading Company
- Customs Notification No 24/2010 (NT), Appointing Common Adjudicating Authority in the case of M/s J. Universal Impex
- Customs Notification No 23/2010 (NT), Appointing Common Adjudicating Authority in the case of M/s Metro Impex
- Customs Notification No 22/2010 (NT), Appointing Common Adjudicating Authority in the case of M/s Liberty Industries
- Customs Notification No 21/2010 (NT), Appointing Common Adjudicating Authority in the case of M/s. Bhambri Printing Press
- Acceptance of cash payments (in Foreign Currency Notes), for the purpose of fulfillment of export obligation (EO) by Service Providers under EPCG Scheme; as well as for eligibility for SFIS scrips
- DGFT notification on Exemption in Prohibition on export of Pulses
- Press Note-Government revises policy relating to foreign investment requiring government approval
- Know your Customer (KYC) guidelines – accounts of proprietary concerns
- Guidelines on Stripping/Reconstitution of Government Securities
- Priority Sector Lending – Categorisation of activities under Service under the MSMED Act, 2006
- CBEC decided to recover drawback money from exporters who failed to realise payments from their buyers
- New Companies Act expected in next 4 months
- Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2009-10)
- After financial crisis now turn for currency crisis
- Expert group submitted report to Government on end use of IPO money
- Government may allow banks and financial institutions to issue long-term tax-free bonds
- Meghalaya increased Vat from 4% to 5% on all items except wheat and rice,
- In absence of completion certificate, outside agency certificate will be sufficient to claim exemption from service tax on property
- Vat Exemption on food grain in Maharashtra will continue for one more year
- Budget speech – Delhi budget for 2010-11
- US Treasury Department may label China as currency manipulator
- 1% Vat on property sale in Maharashtra from April 1, 2010
- Government approves Corporate Governance guidelines for Central PSUs
- Central asked other states to replicate Maharashtra in computerizing sales tax department
- CAG recommended closure of non-functional PSUs
- ICAI held former auditor of Bhubaneswar Stock Exchange guilty of professional misconduct
- Maharashtra budget 2010- some of the highlights
- Income tax officer caught accepting bribe
- Impleadment of legal representatives – 397/398 – Indian company law
- CBDT instruction to its staff regarding allowing losses on account of forex derivatives
- ICAI may summon CBI for Satyam audit papers
- AAR ruled out taxability of Income of FII from derivatives trading
- CIC imposed penalty for not furnishing information under the RTI
- Transfer of Members of ITAT
- It department looking to reopen Assessment of companies paying MAT
- Investigation in Satyam case by ICAI at final stage
- Circular on Procedure for electronic filing of Service Tax returns and for electronic payment of service tax
- Govt. plans to introduce unique document id number for Income Tax communications
- Government may not roll back 10 per cent service tax on air travel proposed in budget 2010
- More then two-fold rise in Income Tax department appeals in Supreme Court
- Making unsustainable claims do not amount to furnishing inaccurate particulars and Penalty u/s. 271 (1) (c) cannot be imposed
- The obligation to deduct the TDS u/s 195 (1) arises only when the payment is chargeable to tax
- Corrigenda to TDS Rules – Amendment in IT (First Amendment) Rules, 2010
- Initial Public offer – Issues, Pricing and Capital Market
- Budget 2010 provided Special Incentive to Hotel Industry U/s. 35AD of Income Tax Act, 1961
- Amendment to VAT act by ordinance is Legal
- Government may soon ban FDI in cigarette manufacturing and allied products
- No TDS on discount on sale of SIM card by telecom companies to prepaid distributors
- High Court stays requirement of Furnishing PAN with Form 15G for claiming exemption from tax deduction at source
- Final result of Tax Assistant ( Income Tax & Central Excise) Examination 2009 announced
- Custom duty Notification No. 36 /2010 amending Notification 107/2008 – Customs, dated 6th October, 2008
- Guidelines for Accounting of Repo / Reverse Repo Transactions: RBI circular RBI/2009-2010/356
- RBI circular RBI/2009-10/353- Standing Liquidity Facilities for Banks and Primary Dealers
- Central Excise Notification No 13/2010 CE(NT) -Amending Notification No.14/2002-Central Excise (N.T.), dated the 8th March, 2002
- Queries and answers on statutory bank Audit
- Compilation of Suggested Answers Professional Competence Course (PCC) – Paper 1: Advanced Accounting
- Empanelment with Delhi Pollution Control Committee for Accounting Services
- Empanelment with Delhi Pollution Control Committee for Internal and Concurrent audit
- Sale of CPT June 2010 Examination Application Forms at Selected Branches of Axis Bank in Delhi
- Increase in amount of weighted deduction for scientific research: Budget 2010
- Filing of returns by Research Association and associations carrying out statistical research: Budget 2010
- ICAI seek more legal power to initiate stringent disciplinary measures against erring auditors/CAs on fast track basis
- India-Mauritius treaty benefits cannot be denied on the ground that assessee is a subsidiary of a USA Corp
- Automation of Central Excise and Service Tax (ACES)
- Empanelment of Schools/ Educational Institutions for holding Chartered Accountants Examinations
- Announcement for the Attention of the members-Bank Audits for the FY ended 31.03.2010
- Online Empanelment as concurrent auditor with Dena Bank from 25/03/2010 to 15/04/2010
- Tax planning – Its need and ways to do at different stages of life
- Periodicity of meetings of Committees of Write off of irrecoverable demands and raising of monetary ceiling – Modification of Instruction No. 16/2003, dated, 18-11-2003
- Government will rethink key change to the definition of ‘vanishing company’
- VAT Cir – 12T of 2010 – Tax treatment of Goods sent to other States.
- Minimum Alternate Tax – Enhancement: Budget 2010
- Disallowance on account of non-deduction / non-payment of TDS- Budget 2010
- Computation of Income of Non-Resident providing services in respect of extraction or production of Mineral Oil: Budget 2010
- Common mistakes in filling up Income Tax Return form that result in reduction of refund or additional tax demand during processing by the Income Tax Department
- No capital gains on intra-group transfer of shares in an Indian company for no consideration: AAR
- Discount retained by distributors of SIM cards and recharge coupons liable for TDS
- Input Tax Credit on goods purchased under the PVAT Act is admissible only upto the fourth stage of its purchase
- Power of acquirer to nominate its one director on board of directors consisting of ten directors does not result in giving any effective control
- Society not liable to deduct TDS on payments made to the truck owners who are also members of the society
- Where consideration received by applicant-German company under a contract with Tamilnadu Government
- Commission paid to whole time working directors of company is allowable expenditure
- Loss of non-eligible unit can not be set off against profit of eligible unit for calculation of deduction u/s. 10A
- Interest earned by co-operative credit society on surplus funds invested in short-term deposits with banks and in govt. securities not eligible for deduction u/s. section 80P
- Service tax not applicable on sale component of consideration for photography service
- TDS not applicable when an advertising agency reimburses advertising charges to the accredited advertising agency for release of its advertisements in newspapers
- Amount falling u/s. 44BB of Income Tax Act have been excluded from the purview of the royalty
- Indo-US Treaty: Orientation towards business and inculcation of entrepreneurial outlook does not really amount to “making available” technical knowledge, experience or skills of experts of an American IC2 Institute
- Payment for VSAT/Transaction charges made by a Stock Broker to Stock Exchange is not fee for technical services u/s 194J
- Assessment made on the basis of time barred notice u/s 143(2) is not legal
- Computation of perquisite value as per the rule is based on the annual salary and not on the basis of salary from one employer
- The VAT Forms under PVAT Act amended to provide for increase in rates and additional surcharge
- Mahindra Satyam seek Income Tax refund of Excess tax Paid on inflated profit in earlier years
- What is Pin code and How it is structured?
- Us regulator taken action against Satyam auditors while ICAI yet to Act
- Download Compilation of Suggested Answers Professional Competence Course (PCC) – Financial Management
- Reference Material on Bank Branch Audit for Financial Year 2009-2010
- Income deemed to accrue or arise in India to non residents: Budget 2010
- Union budget 2010 and impact on real estate industry
- Budget 2010 and its Impact on Information technology (IT) industry
- Employees PF contribution also eligible for extended time limit given in section 43B
- Applicability of relevant Corporate Laws for the CA Final (Old & New Course) – May 2010 Examinations
- Tax rate applicable for A.Y. 2011-12 on Income, Dividend, Wealth, MAT, STT, Capital Gain and Presumptive Income
- No capital gains on conversion of partnership into private limited company irrespective of subsequent change in the shareholding :AAR
- Taxability of Non-resident on services rendered in India on purchase- AAR
- How to make the arbitration mechanism truly effective?
- Speculative loss of earlier years can be set off against profit earned on delivery-based share trading or deemed speculative business profit
- Payment made in pursuance of Cost Contribution Agreement by various entities of a Group in the R & D activities carried out centrally would not be liable to tax in India: AAR
- Custom duty circular on Rebate under Rule 18 on clearances made to SEZs
- Liquidity Adjustment Facility – Repo And Reverse Repo Rates increased by 0.25 percent
- Empanelment for preparation of manual on financial management of AIIMS
- Netting of Interest receipt not allowed for Calculating deduction u/s. 80HHC: Bombay HC
- Loud protest over increase in vat by one percent on 90 Commodities in Maharashtra
- RBI may issue guidelines on new banking licences in about three months
- CA student misused stamps of Chartered Accountants
- Government looking to induct strategic partner in Maytas Properties
- Sub-Letting or allowing others to stay may attract eviction
- Income tax department unearthed unaccounted Income of around 200 crore
- Ancestral family property can be ‘gifted’ away : Bombay HC
- Reassessment – no new material or information – not allowed
- Penalty- additions accepted does not necessarily attract penalty
- CIT empowered to Cancel Registration of Trust: Budget 2010
- Charitable Organisations having object of general public utilitiy: Budget 2010
- Deduction for Medical Insurance under section 80 D in respect of contribution to Central Government’s health scheme: Budget 2010
- Budget 2010: Insertion of a new Deduction for investment in Long Term Infra-structure Bonds – section 80CCF
- Will rights issues be more favoured to QIPs in 2010?
- Transfer of shares to Partnerships and Closely Held Companies to attract the provisions of section 56(2) in the hands of the recipient: Budget 2010
- Income Tax on transfer of property without consideration or for inadequate consideration: Budget 2010
- Maharashtra VAT notification enhancing Basic Tax Rate
- Employers to obtain Certificate of Registration under the Profession Tax Act,1975, Payment of Profession Tax of employees
- Any clause in any agreement/ Article of Association restricting free transferability of shares of public companies is void and non- enforceable
- Big Lehman Brothers Troubles For Ernst & Young
- China: Shifting Concentration of (Real) Wealth
- Amendment of para 2.59 relating to procedure for import under the Tariff Rate Quota Scheme and para 2.59.1 relating to eligible entities for allocation of quota of HBP Vol.I, 2009-2014
- Import of Ships (Vessels) & other moveable capital goods etc. if imported under SFIS Scheme of FTP and their installation, clarification thereof
- US Sanctions Satyams Indian Auditors
- Maharashtra Government undecided on levying entertainment tax on IPL
- Assocham demanded withdrawal of proposed service tax on real estate developers at the time of construction
- Service tax relief likely for Airline Industry
- Sc stays CBI investigation in multi-crore foreign exchange losses to customers on derivative products sold by the banks
- Banks located in non-processing zone of SEZs are not offshore banking unit and not eligible for tax benefits
- Penalty of Rs. One Lakh on Excise officer for recovery during stay period
- Acceptance of PAN applications – certificates from Oath commissioner / Notary Public
- Mandatory Online payment of stamp duty for formation of company from 1st April 2010
- Master Circular on Oversight of Members (Stock Brokers/Trading Members/Clearing Members of any Segment of Stock Exchanges and Clearing Corporations)
- Corrigendum to MVAT notification No. VAT.1510/ CR.47 taxation-1, dated 10th March 2010
- Amendment to the Maharashtra Value Added Tax Rules, 2005 and Central Sales Tax (Bombay) Rules, 1957 by trade circular 10T of 2010
- Circular on Half Yearly Reporting by Portfolio Managers
- SEBI circular to mutual funds for better transparency with various investor friendly measures
- Central Sales Tax (Registration and Turnover) Amendment Rules, 2010 – Amendment in Rule 13
- Government likely to provide more incentives to labour-intensive sectors
- Endowment plans and money-back policies which one to choose
- Banks asked to disclose more info on their depositors, borrowers, NPA accounts and SPV sponsored by them
- Many Government companies not submitted their financial statements with ROC for as long as 26 Years
- Banks may be given extension of one year for adoption of IFRS
- ICAI looking to bar firm whose partner found guilty of Auditing fraund or Negligence
- Banking facilities to be provided by March 2012 to habitations having population in excess of 2000
- Snatching earth beneath landlord’s feet with retrospective amendment
- Clarification on imposition of VAT on Sugar and Fabric
- International Air Transport Association asked for rollback of service tax on Air Travel
- CUSTOMS Notification No 20/2010 (NT), Amends Notification No. 36/2001 – Customs (N.T.), dated, the 3rd August, 2001
- SFIO completed investigation of 49 Companies
- Customs Circular No 05/2010, Regarding verification mechanism and monitoring of export obligation under duty exemption / reward Schemes
- Central Excise Notification No 12/2010 CE(NT), Amends Notification No.24/2005-Central Excise (N.T.) dated 13th May, 2005
- ICAI released revised AS-10 and AS- 11 for Comments
- ICAI report on surrogate practice and opening of multiple firms having similar names by Big 4
- Minister asked big 4 CA firms, if they intend to start full-fledged operations in India?
- Relaxation in pre-condition of deposit of 25% of tax, penalty, and interest before filing appeal under PVAT when goods/ Assets are seized
- Download new Form 16A for Assessment Year 2010-11 / Financial Year 2009-10
- Made In China: Devalued Currency
- Silently proposed VAT on Fabrics by Maharashtra Government
- Qualified Institutions Placement (QIP) – Stock Exchange requirement & compliance by issuer
- Income Tax department strategy to meet FY 2009-2010 Budget target
- Assessee can ask the reason for delay in Income Tax Return under RTI : CIC
- Guideline for Public Issue of Insurance Companies likely in April 2010
- Difference between Insolvency and bankruptcy
- Putting you out of business is not a penalty, says Supreme Court
- Retrospective amendment in budget 2010 to provide that renting is a service
- More power to SEBI to monitor end use of IPO money
- Custom Notification Amending Notification 21/2002 – Customs, dated 1st March, 2002
- Custom Notification Amending Notification 36/96 – Customs, dated the 23rd July, 1996
- Income ceiling per month per household for purposes of housing loans revised
- Core banking services at post offices
- Tariff value of edible oils, brass scrap and Poppy seeds notified
- Consolidated list of default authorized operations which can be undertaken by the developer/approved co-developer by default from the date of notification
- Clarifications on FTWZ issues
- New pictorial warning for tobacco products to come into effect from 1st June 2010
- Additional Disclosures by banks in Notes to Accounts
- Banks rejecting non fake note too, If the same is from the suspected series issued by RBI
- Sebi panel may raise open offer trigger to 25%
- In case of Merger/Acquisition, target company board may be asked to guide shareholders
- Satyam auditor Gopalkrishnan moved Supreme Court seeking bail
- Notice – 143(2)-validity of service – notice by affixture- important issues dealt with
- Unless there is money borrowed or debt incurred, provisions of TDS u/s. 194A are not attracted
- MVAT – Amendment to Rate Schedule in A & C
- FDI in sensitive sector under automatic approval route may be under post-investment surveillance
- BJP may recourse to legal action if government decides not to impose Entertainment tax on IPL
- CBEC instructed DGFT to strictly monitor Export- Import (Exim) licence norms
- Validity of s. 147 reopening has to be determined on the basis of law prevailing on date of issue of s. 148 notice and not on retrospectively amended law
- Minister of state of Corporate Affair addresses members of CA profession
- Role of QIBs in capital issues – preview of current scenario
- Revised return filed after intimation under section 143(1)(a) but within time limit–Duty of Assessing Officer to process
- Bharti Auditor given it clean chit on payment of licence fees and spectrum charges
- ICAI ask for role in probes undertaken by CBI or SFIO related to financial irregularities or corporate scams
- ICSI released 10 secretarial standards, two been included in new companies’ bill
- Two of ICSI secretarial standards recommendations been incorporated in new Companies Bill
- China: Shifting Concentration of Wealth
- Tax liability of company who have no PE in India and remunerate its Indian Agent on arm’s length basis
- Bad debts written off cannot be factor to determine ALP of any international transaction
- Mixing of ready mixed concrete is manufacturing activity and additional depreciation is allowable on machinery used for mixing
- Onus of proving prove identity of creditor, his creditworthiness and genuineness of transactions is on Assessee
- Finding of fact does not call for interference in an appeal under section 260A – HC Bombay
- 30 US banks already collapsed this year, more expected to collapse in coming weeks
- Entangled growth of oil companies investments
- Allowability of deduction u/s 80IA on Interest earned by industrial undertaking on late payment received from customers
- Taxability of capital gains in one of contracting states is not necessary to avail treaty benefits in other contracting state
- Applicability of service tax on service taken for execution of a specific work under category of manpower recruitment or supply agency
- CAE Flight Training Institute (CFTI) is Liable to Service Tax – Authority for Advance Ruling
- Determination of PE when Research of product produced by Non-Resident Company situated in USA is done by its branch office in India
- Power of the commissioner to revise under section 263 when the Assessing Officer took a possible view, while passing an order of assessment
- An Applicant cannot seek adjudication on merits at any time he wants, after having maintained steadfast silence throughout the earlier proceedings
- Distance of 2 kms from municipal limits of city for the purpose of section 2(14)(iii) has to be taken in terms of approach by road
- Interest on late payment from customers against supply of goods is eligible for deduction u/s 80-IA
- Re-Assessment can not be initiated just because AO feels he failed to verify things properly during regular Assessment
- Expenditure on consultancy for restructuring of company is allowable deduction u/s 37(1) of Income Tax Act, 1961
- Debtor not entitled to withhold payment of amount due under a decree on pretext that it has to be deducted as TDS
- Six Cost Accounting standards Mandatory from 1st April 2010
- New Companies Bill will equate CS with CEO and CFO of Company
- Extension of date for applying CST declarations for the periods prior to 1/04/2008
- Learning to Live with EET- Decoding the DTC – V
- FAQ on Provisions relating to Capital Gain- Decoding the DTC – IV
- Taxability of Amount Receivable under Life Insurance Policies in DTC- Decoding the DTC – III
- Decoding the Direct Taxes Code – II, A Panoramic View
- CBDT restores TDS/TCS rules prevailing prior to 1 April 2009
- Advance Ruling on taxability of income from offshore supplies
- CBDT instructed its officials to Charge Maximum Penalty for TDS default
- A Primer on Proposed Tax System on Goods and Services Part-I: Basic Concept and Framework
- No relief for Indian Companies with Majority Foreign Shareholding in respect of rules governing foreign Donation
- FM asked Revenue Service officials to administer taxes with a human approach
- TDS under section 194C not applicable on contract for sale: Bombay High Court
- Pledge of Shares held in dematerialized form
- Finance Bill 2010: Deemed gifts under the Income Tax Act
- Karnataka Budget 2010-2011- Amendments in VAT
- Whether income from referral services amount to fees for technical services – whether in absence of a PE, same could be taxed in India
- Finance Bill, 2010 – Issues identified in Service tax
- Revised Trade Timings of MCX, NCDEX, ICEX for Non-Agri Commodities from 15th March 2010
- MCA may soon release e-from for companies to submit Corporate Social Responsibility report
- Passport under Tatkal scheme in one to seven days
- ICAI released Exposure Draft of Accounting Standard 5, 34 and 35
- Taxability of Income dependent on residential status of the Assessee
- For IPO opening on or after 1st May 2010 even QIBs have to pay 100% Application Money
- SBI amending Rules to empower it board of directors to appointing its own Auditors
- Delayed payment of employees’ PF contribution allowable u/s 43B of The Income Tax Act
- Government may harmonise corporate governance norms with new Companies Act
- Extension of time limit for Five Year Tax Holiday to Commonwealth Games hotel Projects in Delhi & NCR
- How to Get Speedy Justice from Civil Courts?
- Brief Notes on Service Tax amendments introduced through Finance Bill, 2010
- FAQ on General principles Governing HUF
- S&P CNX Nifty – Frequently Asked Questions
- Income tax provisions related to Transfer pricing and arms length price
- Existing taxation provision of Long term capital gains may continue in DTC
- Tax planning to be done once Exempt Gratuity Limit Increase to 10 Lakh
- Convergence with International Financial Reporting Standards
- No proposal for any upper cap on the number of independent directors: Union Government
- The number of pending cases in CBI decline
- 20 IITS to be set up during 11th Plan to overcome manpower shortage
- Vigilance cases against 54 all India Service Officers in 2009
- Verification Status of PEII, IPCE/ATE, PCE, Final & Final (New Course) for November Examinations
- Leviability of cess on tractors under Tractor Cess Rules, 1992
- Export warehousing –Extension of facility at Gautam Budh Nagar in the state of Utter Pradesh and Nagpur in the state of Maharashtra
- CBEC instruction on Powers of Commissioner (Appeals) to remand cases
- Rajasthan State Budget for the Year 2010-11: An Overview
- ICAI advocates flexibility in depreciation rates for companies
- Get Income Tax Refund for A.Y. 2008-09, even if TDS not matching
- Corrigendum to Notification No 17-2010 Service Tax
- For ICWAI students June 2010 will be Last attempt under old Syllabus
- ICAI planning to open coaching classes for CA students
- Budget 2010-11- Levying tax on Medical Services – The Case of Delivering a Deformed Baby
- Budget 2010- Expansion of the Presumptive Tax Scheme u/s. 44AD
- Budget 2010- Amendment in Section 271 B related to penalty for Tax Audit non-compliance
- Budget 2010-Enhancement in Limit for Tax Audit u/s 44AB and its effect
- Amended provisions related to disallowance on account of non-deduction / non-payment of TDS for A.Y. 2011-12
- 49 lakh cases of income tax refunds are pending with the revenue department
- Despite so many exemption Budget 2010 failed to cheer taxpayers
- Budget 2010 simplified Export of Service Rules (Export Rules)
- RBI will put strict rules and regulations for conversion of NBFC into LLP
- SC accepted appeal filed against Delhi HC ruling covering CJI under RTI
- SEBI rejected PW plea on Satyam probe
- 50 Percent Tax rate will make London most highly taxed financial centre in the world
- Despite Satyam Scandal more student choosing CA as a Profession
- ROC revised form No. 32
- Now you have to Pay for rectification of mistakes in Form No. 1, IA and 44 filed with ROC
- Bye-Laws of co-ops crucial in income tax liability
- IFRS will change accounting practice for Financial Assets
- Grant of ‘Certificate of Registration’ – For commencing business of credit information – Experian Credit Information Company of India Private Ltd
- Investment Portfolio of Primary Dealers – Extension of HTM Category for PDs
- “Eligible” covers Non-eligible also
- Need Cautious Real Estate
- Other side of Merger and Acquisition in India
- Service Tax: Budget Highlights 2010
- Union Budget–2010: Highlights of Amendments in Service Tax Act
- RBI ordered special audit of Bank of Rajasthan
- DTC may have higher Turnover limit for LLP conversion without capital gain tax
- Service tax on construction and sale of residential property and issues
- Technical services by Non residents provided outside Indian but utilized in India is taxable
- Buy Health insurance for you and your family to save tax
- Budget 2010: Empowered Income tax department to cancel any charitable organisation’s registration
- Bank need to deduct tds on accrual of interest not on mere Provisioning of the same
- Service tax provisions in budget 2010 impacting Film Industry
- ICAI’s Campus Placement Programme
- Penalty for pre-payment of home loans is under CCI radar
- FM releases RBI Working Group Report on credit guarantee for Small & Medium Enterprises
- Download Revision Test Papers (RTP) – May, 2010 Examination of PCC, IPCC, PE-II, FInal New and Final Old Course
- Download Compilation of Suggested Answers Professional Competence Course( PCC) Cost Accounting
- Government set up monitoring Committee for vanishing companies
- Share Transfers – Allegations of Forgery, Fraud Etc. – The Remedy – Indian Company Law?
- Scrutiny assessment under the Income Tax Act 1961
- Income Tax Act : A few words
- All you need to know about tax planning for financial year 2009-10 or Assessment Year 2010-11
- Amount eligible for tax holiday is specific to each undertaking of the Taxpayer: Chennai Special Bench
- Fees received on assignment of contractual rights not taxable: Authority of Advance Ruling
- Supreme Court rules write off of debt is sufficient for claiming bad debts
- Budget 2010: Direct and Indirect Tax Proposals for Oil and gas Sector
- Major Highlights of Karnataka State Budget 2010 -11
- New Chinese Weapon: Currency
- Inflation Shadow is Part of Higher GDP
- CA Placement : Top Salary zooms to 70 lakh
- Remittance to Non-Residents and Frequently Asked Questions related to Withholding Tax Obligations and recent Challenges before Indian Revenue
- Search and seizure under the Income Tax Act, 1961
- RBI circular on repayment of Gold Loan
- Scheme for Collection of Dues of CBEC, CBDT, Ministries account and Reporting and Accounting of March Transactions
- Speculation loss can be set off against delivery based profits
- Things to considering while selling property
- ITAT has no power u/s 254 (2) to re-evaluate correctness on merits of earlier decision
- SEBI extends ambit of employee’s quota to include staff of subsidiaries in public issue of Parent Company
- ICAI presidents Message on Enhanced Students Initiatives, Harnessing Information Technology, Expanding Infrastructure, Creating Global CAs etc
- Is Arbitration better suited to get corporate disputes resolved?
- Rights and duties of assessee during conduct of search under the Income Tax Act, 1961
- Brief Note on Concepts Related to Search and Seizure in question- answer mode
- Book under construction flat before July 2010 to avoid 3.30% Service tax on Agreement Value
- IT department detected huge tax evasion by two steel companies
- Government prosecuted over 13,000 companies during last three years for violation of provisions of Companies Act, 1956
- Tax benefit from Equity Linked Saving Scheme (ELSS) and why to invest in it
- Companies having permanent establishment in India will be taxed on their technical services fees at marginal tax rate
- Government may ask TPAs to get audited by external auditors to check delay in settlement of claims
- Audit Firms started hiring Chartered Accountants directly at CA Coaching Classes
- Professionals are under Income Tax scanner after Mumbai-based lawyer disclosed income of 7.50 Crore
- FAQs on Reverse Mortgage in India
- Gift to doctors by Pharma Companies
- Government to enter MOU with other countries to exchange information on money laundering and terror funding
- Paid News issue raised in Rajya Sabha under Calling Attention Motion
- Indo – China Border Trade: DGFT public notice
- DGFT public notice on Amendments/corrections in the Handbook of Procedures, Vol. 2, 2009-2014
- Taxation of Non-Residents – Income deemed to accrue or arise in India
- Cabinet approves increase in Gratuity limit from Rs 3.5 lakh to Rs 10 lakh
- SC asked Samsung to reply why it is not liable to deduct tax in respect of goods outsourced for manufacturing
- Section 56 amended to cover property received without or inadequate consideration by closely held companies
- Income tax slabs may be further raised in direct tax code: Finance Ministry
- Brief note on Income Tax Survey Provisions under the Income Tax Act, 1961
- Model questions and answers which may be asked during the course of search operations
- CBI arrested auditor and DCIT for accepting bribe
- Some tips on how to be a good auditor
- Insurer as consumer
- Direct tax collections register 7.5 per cent growth upto February
- RBI circular on Provisioning Requirement by Regional Rural bank for Standard Assets
- Banks may ask more time for implementation of base rate
- Under COTP Act, 2003 excise department is empowered to enter, search and seizure only at the premises registered under the Central Excise and Customs
- Interest Rate started going up, ICICI bank raised Interest rate on Home and Auto Loan
- UCBs – Payment of Interest on Savings Bank Account on Daily Product Basis from 01st April 2010
- Company Liquidation – Winding-Up – Preferential Payments- Official Liquidator – Indian Company Law
- Prevention of Money-laundering – Amendment Rules, 2009 – Obligation of banks / Financial institutions
- External Commercial Borrowings (ECB) Policy – Structured Obligations
- RBI Circular No.38 on External Commercial Borrowings (ECB) Policy
- External Commercial Borrowings (ECB) Policy – Infrastructure
- Review of bilateral clearing arrangements between banks – Regional Rural Banks
- Report of the High Level Committee to Review Lead Bank Scheme – Implementation of the recommendations
- DGFT notification on Prohibition on Export of Non-basmati Rice – exemption regarding
- DGFT notification Amending Para 3.17.11 of FTP 2009-14
- Amendments/additions in HBPv1 (Appendices and Aayat Niryat Forms), for benefits on exports made on or after 1.1.2010
- Customs Notification No 19/2010 (NT), Amends Principal Notification No. 36/2001 – Customs (N.T.), dated, the 3-08-2001
- Customs Notification No 18/2010 (NT), Seeks to amend notification 2/95 – Cus.(N.T.) dated 01.01.1995 so as to amend Anti dumping rules
- Imposition of import duty on crude petroleum will benefit domestic crude manufacturers
- Invest tax saved from revised tax slab for financial year 2010-11
- RBI allowed Paypal to pay for export of services and goods but not for personal payments
- SC dismissed excise department plea to levy service tax on IBM India’s application
- India will need 50000 company secretaries (CS) by 2020
- Online settlement of provident fund claim by next financial year
- Things to keep in mind before investing in company Fixed Deposits
- Taxability of capital gains on transfer of shares of a wholly owned Indian subsidiary by a non resident parent company to a non resident
- Demarcated space made available in the warehouse by logistics service provider constitutes fixed place of business
- ICAI may disclose the name of auditors guilty in scams
- Government extends interest subvention of 2 per cent for one more year for exports
- Company Law Board – Procedures – Inevitable delay – Indian company law
- Service tax on Buying under construction flat
- Service tax on transportation of goods by railways will cost Railway dearly
- Change in direct tax provisions which are expected to benefit us in coming year
- Non tax breaks U/s. 80IA for telecom companies offering 3G services
- Fraudsters would soon find it difficult to raise multiple loans against the same property
- Budget 2010 and its Impact on Real Estate sector
- Post budget 2010 medical treatment and medical insurance premium will cost more
- Domestic Air travel may cost more as airline companies may pass on service tax burden on customers
- CBDT issued clarification on explanation to section 194A
- Summary of Important Changes Proposed In Service Tax by Budget 2010
- Roll-over charges for foreign currency contracts have to be capitalized u/s 43A
- Fees received by a foreign company for assigning contractual rights to an Indian entity is not taxable in India
- Two Custom officers in CBI net
- IT department alerts taxpayers against sharing personal details
- RBI may announce norms to rationalise remuneration of CEOs and other key employees in private and foreign banks
- NEW ICAI President Message to CA community
- Search and Seizure under Income Tax Act, 1961
- Issues Relating to Recovery & Stay Proceedings under the Income tax
- Termination of dealership must be fair
- Arbitration tribunal cannot award interest on interest
- Role of Chartered Accountnats in Insurance Survey
- Procedure for Mergers and Amalgamations under the Companies Act, 1956
- An Overview of Tax Audit
- MCA’s early warning system detects fraud in 160 companies
- How to Write a Resume That Shouts ‘Hire Me’
- Comprehensive Note on gifts, deemed gifts and deemed under-valuations incorporating proposals by the Finance Bill, 2010
- To avoid penalty for late payment, pay excise duty with interest
- Penalty can’t be levied, if service tax is paid before issuance of show cause notice under Section 73(3)
- Commercial Training or Coaching Services – Most Affected by finance Bill 2010
- Excise duty notifications dated 27.02.2010 related to Union budget 2010-11 amendments and provisions
- Custom duty notifications dated 27.02.2010 related to Union budget 2010-11 amendments and provisions
- Notification exempting the right to use packaged or canned software from whole of service tax subject to certain conditions
- ST Notification amending rules related to taxation of service Provided from outside India and Received in India
- Notification amending the Service Tax (Determination of Value) Rules, 2006 to insert one clause under sub-rule (2) in Rule 6
- Service tax notification amending Notification No. 1/2002- Service Tax, dated 1st March, 2002
- Notification exempting taxable service provided by Indian news agency
- Service tax notification exempting service provided in relation to erection, commissioning or installation
- Service tax notification exempting taxable service provided in relation to transmission of electricity
- ST notification seeking to exempt the taxable service provided by a Central or State Seed Testing Laboratory and Central or State Seed Certification Agency notified under Seeds Act, 1966
- Service Tax notification- Seeks to amend Notification No. 01/2006 dated 01.03.2006 to provide abatement for transport of goods by rail
- Service tax notification exempting taxable service provided in relation to transport of specified goods by rail
- Service tax notification rescinding Notification No. 33/2009 dated 01.09.2009
- Service tax circular amending rule 3 of Export of Services Rules, 2005 to change the category of certain services from one to the other
- Service Tax notification seeking to rescind Notification No. 01/2000 dated 09.02.2000
- Service tax notification expanding list of items eligible for exemption when transported by road
- Service tax notification: Modify the meaning of vocational training institute
- ST notification- Seeks to exempt the right to use packaged or canned software from whole of service tax subject to certain conditions
- Custom duty relief for importing digital films: Budget 2010-2011
- Micro-wave ovens, pre-packaged imported goods, mobile phones, watches, readymade garments, toy baloons, long pepper, replaceable household water filters to be cheaper
- Assessee entitled to Rebate under Rule-18 of the Central Excise Rules, in respect of the export made during the period from 8.12.2006 to 17.9.2007
- Infotainment sector to benefit from concessional customs duty: Budget 2010-11
- Major tax relief to agriculture & related sectors: Budget 2010-11
- New tax incentives announced for Infrastructure Sector Budget 2010-11
- Uniform basic duty of 5 per cent and cvd of 4 per cent on import of medical equipment : Budget 2010-11
- Indian Rupee to get a symbol, join the select club of currencies
- Service Tax retained at 10%: Budget 2010-11
- Rate reduction in Central Excise duties partially rolled back: Budget 2010-11
- Special duty concessions to promote clean environment, Clean Energy Cess @ Rs. 50 per Tonne on Coal: Budget 2010-11
- P. Chidambaram welcomed the General Budget for 2010-11
- Report of the High Level Committee to Review Lead Bank Scheme-Implementation of the recommendations
- Indian judiciary – Executive – Sorry state of affairs
- The 3 big things in Union Budget 2010-11, according to the PM
- Budget 2010-11: Made life Saral for salaried taxpayer
- Amendment in CST Act by finance Bill 2010
- Summary of Important Income tax provisions: Union Budget 2010-11
- Law governing Political Contributions in India
- Union Budget 2010-11: Grasim superseded, High Court got the power to condone delay in filing of appeal
- ICWAI welcomes the union Budget 2010 proposals
- Budget 2010-11: Taxation of income of non-life insurance business
- Budget 2010-11: Document Identification Number
- Budget 2010-11: Power of the High Court to condone delay in filing of appeals
- Budget 2010-11: Amendments related to Settlement Commission provisions
- Budget 2010-11: Deductor needs to issue TDS and TCS certificate even after 1st April, 2010
- Budget 2010-11: Centralised Processing of Returns
- Budget 2010 – Minimum Alternate Tax (MAT) Rate increased to 18%
- Budget 2010-11: Deduction of profits of a hotel or a convention centre in the National Capital Territory
- Budget 2010-11: Deduction for developing and building housing projects
- Unfolding the levy on Umbrella
- Union Budget 2010: Old Wine in New Bottle
- 3 Smarts of Budget 2010-11
- ICAI welcomes Union Budget 2010
- Retrospective amendment to service tax- Renting of immovable property provided in budget 2010
- Budget 2010-11: Deduction in respect of contribution to the Central Government Health Scheme
- Budget 2010-11 -Additional deduction for individuals in respect of long-term infrastructure bonds under section 80CCF of Income-tax Act
- Budget 2010-11: Taxation of certain transactions without consideration or for inadequate consideration
- Budget 2010-11: Change in Income tax provisions on Conversion of a private company or an unlisted public company into a LLP
- Budget 2010-11: Income of a non-resident providing services or facilities in connection with prospecting for, or extraction or production of, mineral oil
- Budget 2010-11: Act will specify Proportion of the total pipeline capacity to be made available for use on common carrier basis
- Budget 2010-11: Investment linked deduction for new two stars or above category hotel in India
- Budget 2010-11: Weighted deduction on payments made to associations engaged in research in social science or statistical research and exemption in respect of the income of such associations
- Budget 2010-11: Weighted deduction for approved in-house scientific research and development
- Budget 2010-11: Power of Commissioner to Cancel registration obtained by trust under section 12A
- Budget 2010-11: Computation of exempted profits in the case of units in Special Economic Zones (SEZs)
- Income tax slab for FY 2010-11 / A.Y. 2011-12
- Budget 2010-11: Tax proposals to hit Indian Companies in Financial Year 2010-11
- Budget 2010-2011: Budget Speech delivered by Finance Minister in Parliament
- Budget 2010-11: Ruling in Ishikawajima-Harima Heavy Industries superseded.. Finally!
- Budget 2010-11- Reforms process in tax administration taken forward
- Budget 2010-11 proposed Major concessions for R&D in Scientific and Social Sectors
- Budget 2010: 1 percent Interest Subvention for Housing Loan up to Rs. 10 Lakh Extended Up to March 31, 2011
- Budget 2010: Central excise on petrol and diesel raised by Rs. one per liter
- Additional one per cent interest subvention and 6 month loan repayment period extension to farmers in budget 2010
- Charts showing tax rate and impact of Budget 2010 on taxation of senior citizens
- Impact of Budget 2010 on taxation of resident woman below the age of 65 years
- Impact of Budget 2010 on taxation of resident individuals below the age of 65 years and HUF
- Fund house allowing Dividend stripping by big clients
- A brief on proposed changes in Budget 2010-11 in respect of Direct and Indirect Taxes
- Important changes proposed in respect of Income tax laws in budget 2010-2011
- Government increased Penalty for failure to get account audited in Budget 2010-11
- Limit of turnover or gross receipts for the purpose of Tax audit and presumptive taxation increased: Budget 2010-11
- Change in provisions related to disallowance of expenditure on account of non-compliance with TDS provisions : Budget 2010-11
- New Income tax slabs for Individual, Senior Citizens, and females HUF, Firms, Companies and others as amended by budget 2010
- Amendment in section 9 related to Income deemed to accrue or arise in India to a non-resident : Budget 2010
- Budget 2010: Change in definition of “charitable purpose” under the Income Tax Act
- Budget 2010-11: Major Amendment in Central Excise Duty
- Budget 2010-11: Summary of Major Amendment in Custom duty Laws
- Amendment in Service tax Act, Rules and Notifications made by Budget 2010
- Budget 2010: Service tax Exemption provided and withdrawn
- Budget 2010 covered New Services covered under service tax and amended scope of existing services
- Highlights and Major Amendment in service tax laws made in Budget 2010-11
- Union Budget 2010 Rationalised provisions relating to Tax Deduction at Source (TDS)
- FM raised Income Tax Exemption Limit for Individual and HUF
- Interest subvention for exporters will continue till 31St March 2011
- GST will be implemented from 1st April 2011
- Major highlights of Union Budget 2010-11
- Watch union Budget 2010-11 live on Internet from your computer
- ITAT order in Nokia tax evasion case, Challenged by department in HC
- Budget may empower high court to condone delay in filing appeals by Income tax department
- Amendment in LLP law likely to allow registration of large size consultancy firms in India
- Budget may have some good news for taxpayers
- What we can expect from budget and what we should not?
- CBDT reinstated TDS rules and forms existed prior to April 1, 2009
- Highlights of Economic Survey 2009-10
- Deduction under section 80-I allowable without setting off loss of other units: Delhi High Court
- Special Economic Zones approved in States
- Summary of Economic Survey 2009-10
- Expectations from Budget 2010-2011
- Summary of points to be discussed on Disallowance u/s. 14A read with. Rule 8D & Discussion on Daga Capital Judgment of Mumbai ITAT
- VRS application can be withdrawn before employer accepts it : Bombay High Court
- CBEC recommended widening the scope of levying service tax on the entertainment business
- Fresh guidelines for switch to IFRS expected by the end of this month
- ICAI recommended setting up of a whistleblower system within all audit firms
- Mahindra Satyam moved US court over the tax liabilities of the settlement amount
- Mandatory electronic payment and filing of return for Central Excise Assessees
- Notification on Mandatory electronic payment and filing of return for Service Tax
- Summary of UPVAT notification enhancing the rates of additional tax and exempting certain goods from tax
- Rail Budget 2010-: New Trains /services , Duronto, Extension of trains , Railway Budget & Maharashtra
- Overseas Investment Application – Online Reporting of Overseas Direct Investment in Form ODI
- Guidelines for transfer of assets and liabilities of Urban Cooperative Banks to commercial banks
- Even if there is no assessment u/s 143 (3), reopening u/s 147 is bad if there are no proper “reasons to believe”. AO cannot go beyond the recorded reasons
- Soon new costing norms for service tax and excise duty likely
- Budget 2009-10: Expectations for a Rebounding Economy – challenges ahead
- RBI releases Study on State Finances 2009-10
- FM’s Speech at Central Excise Day Celebrations
- Important Announcement for Student who desires to register for CPC and to become eligible for appearing in the June, 2010 CPT to be held on 20th June, 2010
- IPCC Examination, May, 2010 – Relaxation and Eligibility
- Penalties under PVAT Act or CST Act can be adjusted against Excess ITC
- Highlights of Railway Budget -2010-11
- Summary of Railway Budget 2010-11
- Taxpayer not required to demonstrate that the debt has become bad debt once it is written off in the books of account: SC
- Expectations from the Union Budget 2010 -2011 on personal taxation front
- 397/398 – Oppression and Mismanagement – private companies – need of adhering to corporate regulations – a case study
- Shifting in and out of China
- Beware of fraud email related to Income Tax refund
- Government will not defer plans to sell stakes in PSUs
- Government considering liberalizing M&A norms which require ratification by the Competition Commission of India
- Fiscal deficit management and measures to push growth beyond 7% are likely to be top priority in Budget 2010-11
- Export of CXL Concessions Sugar to European Union (EU): DGFT public notice
- Amendment of Para 2.63 (iii) of HBP Vol.I regarding RCMC: DGFT public notice
- Amendment/modification in SION Sl.No.C180 : DGFT public notice
- Amendment in Policy Circular No. 94 dated 16.6.2009 – Verification of new IEC
- Service Tax Liability more then 10 lakh Pay Tax online and File Return Electronically
- Customs Notification No 11/2010, Rescinds Notification No. 114/2009-Customs, dated the 1st October, 2009
- Customs Notification No 10/2010, Regarding anti dumping duty on Melamine, originating in, or exported from China
- ICAI extended last date for receipt of May-2010 CA Exam Forms
- Important information for students filling up Final May 2010 Exam Form conducted by ICAI
- Income Tax refund scam: TV actors, IT officials are in CBI net
- SEBI imparting investor education in schools
- Non-exempt capital loss cannot be set off against exempt capital gains
- Bad debts need not be proven to be irrecoverable u/s 36(1)(vii). It is sufficient if they are written off
- It department asking to pay full advance tax to corporates
- IT department decided to collect tax on compensation paid by Essar Steel for land acquisition
- Corporates requested RBI non to ban currency derivatives
- DDT needs to be withdrawn to avoid double taxation of same income
- What is Budget?
- Why we need budget?
- Child education: Where to Invest and when to start Investing?
- What is Shield Plus Plan?
- DGFT circular on Amendment in Policy Circular No. 94 dated 16.6.2009 – Verification of new IEC
- Customs Notification No 14/2010, Regarding anti dumping duty on Cold Rolled Flat Products of Stainless Steel
- Customs Notification No 13/2010, Exemption of customs duty on specified goods when imported into India for the purpose of organising the Common Wealth Games, 2010
- Customs Notification No 12/2010, Regarding anti dumping duty on Bus and Truck Radial Tyres, originating in, or exported from the People’s Republic of China (China PR) and Thailand
- Ministry of Finance approved 12 FDI Proposals worth 1046 crore
- Standardisation and Enhancement of Security Features in Cheque Forms – Circular No. DPSS.CO.CHD.No. 1832/ 04.07.05 /2009-10
- Announcement relating to taxation papers for students appearing in May 2010 examination PE-II [Income-tax and Central Sales Tax], PCC/IPCC [Taxation], Final (Old) Course [Direct Taxes] and Final (New) Course [Direct Tax Laws]
- ESIC approves enhancement of wage ceiling from 10,000 to 15,000
- Regression of European Economies
- Finally China Acknowledged the Bubble
- Insurance sector asked for separate limit under section 80C for long-term saving
- After Advance Ruling in Star debated related to TV Tax planning vs tax evasion going on
- Budget need to clarify on issue of TDS on payment made by TPA to Hospitals
- Excise department detected detected evasion of service tax to the tune of more than Rs 1 crore
- ICAI considering fixing responsibility on offending firms
- I-T officer probing Koda Scam shifted to assessment wing from investigation wing
- Expectation from forthcoming budget from the point of view of taxation of Individual
- Form 16, 16A, 16AA, 27D for FY 2009-10 / A.Y. 2010-11
- Procedure for allotment of Statutory Bank Branch Audit for FY 2010-2011
- Notification on Section 80-IA(4)(iii) of the Income-tax Act, 1961
- Petition under section 397/398 –Indian Company Law – Issue of subsequent events and happenings
- If the sum not chargeable to tax in India, then tax not required to be withheld under Section 195 of the Act while making the remittance outside India
- Advance ruling on taxability of salary of Indian working abroad
- Review of the Economy – 2009-10 Highlights
- Maharashtra State Level Urban Co-op Banks & Credit Societies: Change in Empanelment and allotment procedure
- Big four’s promotions event may come under ICAI scanner
- Clarification regarding valuation of free samples of the products covered under MRP based assessment
- Excise duty Notification No. 04/2010-Central Excise (N.T.)
- Order Appointing Common Adjudicating Authority in the case of Max Enterprises
- Customs Notification Appointing Common Adjudicating Authority in the case of Larsen and Tubro Limited and others
- Customs Notification Appointing Common Adjudicating Authority in the case of M/s. Hazel Mercantile Private Limited and M/s Veritas Exports
- Customs Notification Appointing Common Adjudicating Authority in the case of Tristar Airconditioning (P) Limited
- CUSTOMS Notification No 13/2010 (NT), Appoints Common Adjudicating Authority
- CUSTOMS Notification No 12/2010 (NT), Appoints Common Adjudicating Authority
- Payment of Interest on Savings Bank Account on Daily Product Basis: RBI notification
- RBI notification on Interest Rates on Export Credit in Foreign Currency
- RBI notification on Setting up of Cash Processing Centres – Recommendation of HLG
- Tax havens hit exchequer, harm national security: India
- Five Insurance policies everyone must have
- Delhi HC given provisional permission to US based CFA institute to conduct exams in India
- CBI investigating role of banks in multi-crore foreign exchange losses to customers on derivative products sold by the banks
- EPFO subscribers likely to get 8.5 per cent interest on their provident fund (PF) deposits for 2010-11
- Wipro not looking to file complain against CA employee who siphoned off around $4 million
- MNCs wants Introduction of the concept of advance pricing arrangements (APAs) in budget 2010-11
- Difference Among C.V, Resume & Biodata
- Daughters can be Karta of Huf and have the same rights and liabilities as sons
- Insurance receipts and other savings plans post Direct Tax Code (EEE model to EET) and FAQ
- Appointment of statutory auditor for Public sector bank for 2009-10
- Mission Mode Project for Computerization of Commercial Taxes Administrations of States/Union Territories (UTs)
- Review of bilateral clearing arrangements between banks – State and Central Co-operative Banks
- Koda scam:Income Tax department department recovered Investment papers worth Rs. 50 crore from Soren’s secretary
- RBI expect inflation to start moderating from July 2010
- GST in India
- If Nature of account is complex, Special Audit u/s 142(2A) may be ordered in the Interest of revenue
- Issues and Procedures for Assessment of Search Cases
- Fewer students are passing the CA final exams, why?
- Wipro staff commits $4 Million fraud
- Three deputy sales tax commissioners suspended for involvement in sales Tax refund fraud
- ICAI will make transfer pricing software available to its member at low cost
- Allowability of reduction of depreciation as per Income-tax Rules while computing book profit under section 115J
- CCI plans to introduce scheme of pre-merger consultation for companies considering mergers and acquisition
- CBEC directed staff to take Revenue maximization measures and speed up recovery
- Peer Review – Documentation – Tax Audit under Income Tax Act
- Design Clinic Scheme for Design Expertise to MSME Sector launched
- Transfer pricing regulation crucial to stopping MNCs from shifting profits out of India says Pranab Mukherjee
- Shri Salman Khurshid reiterates the idea of making Corporate Social Responsibility quantifiable CSR exchange , CSR credits,
- Memorandum of Procedure for channeling transactions through Asian Clearing Union (ACU)
- Rectification of mistakes – whether permissible in case of subsequent contrary decision?
- Looking Beyond the Things: Mandap Keeper
- DGFT notification on amendment in paragraph 4.1.6 related to Value Addition under Advance
- DGFT public notice -Appendix 11B for Value addition in terms of paragraph 4.1.6 of FTP
- FM to inaugurate International seminar on transfer pricing
- All directors of a company cannot be prosecuted for offence in cheque bouncing cases
- ICAI committee recommended stringent action against the Indian arm of global audit firm PricewaterhouseCoopers
- CVC advised imposition of major penalty against 66 Government Employees including six officials from Central Board of Excise and Custom
- Calcutta HC asks Suchitra Sen to deposit rupees 5 lakh for opening up hearing in wealth tax penalty case
- Government expect lenient verdict from SEC on scam-hit Satyam Computers
- Income-Tax raids on Soren’s secretary, officials, in connection with Koda scam
- ICAI may have to pay income tax penalty of Rs. 16 Crore, IT department may freeze bank account to recover penalty
- Excise circular on Beedi cess payable under the provisions of Section 3 of Beedi Workmen Welfare Cess Act
- Customs Notification No 11/2010 (NT), Amending Principal Notification No. 36/2001 – Customs (N.T.), dated, the 3-08-2001
- Customs Notification No 09/2010, Amends notification No.21/2002-Customs, dated 1st March, 2002
- Bombay high court to hear petition challenging Constitutional validity of Rule 8D
- Validity of Section 80IA (4) of income Tax Act, 1961 challenged in the Bombay High Court
- SEBI in favour of allowing companies five years to increase their public shareholding to 25 per cent
- FIEO want stimulus to continue for another one and half year
- FM should simplify custom tariff and unify the central excise and service tax rates in coming budget
- Base Rate System and Its role in transparency
- Students from SAARC countries to pay lesser fee in Indian universities
- Haryana VAT – Enhancement in basic rate of tax from 4% to 5%
- Extension of last date for online submission of form with the office of C&AG
- Mismanagement of Company Properties – Company Law in India – A Case Study
- Some views on Penal Provisions u/s 29(8) of MVAT Act
- Ex-Ernst & Young LLP partner sentenced to a year and a day in prison
- Taxability of Gift
- CII demands simplification of tax procedures, rationalisation of direct taxes and reduction in Minimum Alternative Tax
- ICAI will propose time line to dispose of the complaints that arise against its members
- Issue of FCCBs and Ordinary shares (through Depository Receipt Mechanism) scheme, 1993 amended
- Things to do now for Income tax return of financial year 2009-2010
- CBEC circular on Carriage of domestic cargo on international flights
- Export of of CXL Concessions Sugar to European Union (EU) for the fiscal year 2009 -10 (October, 2009 to September, 2010)
- IGST – Innovative way of handling Inter State Transactions
- Can Tribunal take back what assessing officer has given?
- National policies alone cannot prevent a crisis
- Rule 8D of the Income Tax Rules – Whether prospective or retrospective?
- Section 14A of I.T.Act,: Certain critical issues
- Statutory auditor of bank should be appointed by RBI: ICAI President
- Expenditure incurred by the assessee on leased premises, cannot be treated as capital expenditure and has to be allowed as Revenue expenditure
- Analysis of circular on refund of CENVAT credit under Rule 5 of CENVAT Credit Rules, 2004 and Problems faced by exporters
- Summary of VAT notifications and circulars issued during the month of January 2010 in Delhi
- Summary of VAT notifications and circulars issued during the month of January 2010 in Punjab
- A summary of VAT updates on notifications and circulars issued during the month of January 2010 in Maharashtra
- A Quick Reference Guide For those investing in share market
- MMRDA may have to pay IT department Rs. 1,500 crore
- Obama criticised American companies having their operations in India
- In pre budget wish-list Power sector want Tax incentives, stimulus packages and Special Tax benefits
- Hospitality sector want tax holiday to extended to 10 years
- Pre budget wish- Reduction in income tax rates
- Healthcare sector demand lesser import duty, Service tax exemption and lesser income tax rates
- CAG decided to Audit account of Bharti Airtel, Reliance, Tata, Vodafone and BSNL
- Campus Placement Programme for newly qualified Chartered Accountants March, 2010
- MCA asked ROC to submit detailed report on Adani Exports
- Insurance company not liable if policy holder fails to submit the information about the claim in writing
- Cement industry urged Centre to abolish import duty on raw materials used in production of cement
- Soon Chartered Accountants will do Panchayat audits
- SEBI asked financial details of companies suspended for non payment of listing fees
- Empanelment of ICAI members to act as coordinators / observers for CA examinations
- Key People behind the forthcoming budget
- Life insurers demanded EEE method instead of EET in DTC, allow to carry forward loss for 12 years and service tax exemption
- RBI may soon introduce base rate in place of BPLR
- Provision for Gratuity & Leave Encashment not Allowable
- The Institute of Chartered Accountants of India (ICAI) elects new office bearers
- Meeting of Steering Group of Global Forum on Transparency and Exchange of Information for Tax Purposes
- Classification of artware / handicraft items and composite goods in the Drawback Schedule
- Clarification on the stipulation of minimum 15% disbursement of precious metal by Nominated agencies to exporters
- Home Loan will cost more as teaser rates are coming to end
- Treatment of Entry Tax under PVAT Act levied in Punjab
- Date: Feb 12, 2010 Risk weights and exposure norms in respect of bank exposure to NBFCs categorised as ‘Infrastructure Finance Companies’
- RBI circular on Infrastructure Finance Companies
- Punjab VAT notification levying additional tax Punjab Entry Tax notifications levying entry tax on certain goods Contacts
- RBI asked banks to extend lower interest benefit to old home loan borrowers
- Income tax return of brokers who claimed rebate u/e 88E will be scrutinised
- Deloitte to double workforce in India
- New Companies Bill may be passed in the monsoon session to replace Companies Act, 1956
- Perks & Jerks for Employees!
- FDI inflows during December 2009 stood at US $ 1.542 billion
- Board of Approval of the SEZs grants three formal and six in-principle approvals
- Shri Salman Khurshid launched Electronic File Tracking System (FTS) in the Ministry of Corporate Affairs
- Income tax officers taking VRS to join private sector
- DTC not expected to be presented in upcoming budget
- FIPB allowed to clear FDI proposals of up to Rs 1,200 crore
- MoU between ICAI and Yashwantrao Chavan Maharashtra Open University
- 2% increase in excise duty may make Indian companies pay additional 21K crore
- Review of cases requiring prior approval of Foreign Investment Promotion Board (FIPB)
- Interest on surplus funds is “other income” and not eligible for deduction u/s 80P of Income Act, 1961
- Adjustment of FBT paid in Assessment year 2010-11
- Dispute Resolution Panel gets life in India to settle transfer pricing disputes
- ICAI appeal members not to pay any heed to email circulated amongst the members
- TPO cannot follow a method which is not authorized by the Income Tax Act or the Income Tax Rules to determine the arm’s length price
- ICAI 21st Council-Both the petitions dismissed – All is Well Now
- Report of the Thirteenth Finance Commission for the Period 2010-2015
- ICAI – Know your Unique Code Number for Bank Branch Auditors
- Provisions related to TDS on Transport contractors applicable for A.Y. 2010-11
- Brief note on Clause no 17A of form 3CD related to deductibility of interest paid to Micro, Small & Medium enterprise
- Valuation of Monetary and Non-Monetary perquisites for financial year 2009-10
- One illegality cannot justify another
- Committee for review of ownership and governance of market infrastructure institutions
- DGFT notification on Import policy for vehicles
- Prohibition on export of wheat and wheat products – exemption for export of wheat to Nepal
- Amendment in Appendix 4C of Handbook of Procedures (Vol.-II)
- Confirming membership of Chartered accountants with the Institute of Chartered Accountants of India
- Last date for online empanelment application with C&AG of India is 15th February 2010
- Expectation from budget on Excise duty front to sustain recovery
- Chennai Special bench ruling on computation mechanism of tax holiday benefits
- Goods and Service Tax – Some Issues
- Clarification regarding deduction in respect of contribution to pension scheme under Section 80 CCD
- Will is only expression of wish, not arbitration agreement
- Partner’s death is death of firm
- CA filed case of sexual harassment against her Boss
- Centre in favour of single rate of CGST, SGST and uniform registration system linked to PAN
- Rate of Tax deduction on royalty, technical services fees paid to non resident need to be reduced
- Central registry for equitable mortgages will end home loan frauds
- Newly elected WIRC office bearers for 2010-11
- Informer should be given information under RTI Act by investigative wing of director general income tax (DGIT)
- External Commercial Borrowings (ECB) Policy – Liberalisation
- Date: Feb 09, 2010 Exim Bank’s Line of Credit (LOC) of USD 100 million to Bank for Development and Foreign Economic Affairs (Vnesheconombank), Russia
- RBI issued Prudential Guidelines on Capital Charge for Market Risks
- Master Circular – Prudential Guidelines on Capital Adequacy and Market Discipline – New Capital Adequacy Framework (NCAF)
- Custom duty circular on Import of frozen green peas
- Custom circular amending notification No.21/2002-Customs, dated 1st March, 2002
- IRFC authorized to issue Rs.5,000 crore tax-free bonds 10 Years Zero-Coupon
- DGFT notification on amendment in Chapter 8 of FTP regarding Mega Power Project
- DGFT notice on Amendment in Appendix 22 C and Appendix 27 regarding Mega Power Projects
- SEZ may continue enjoying tax benefit in upcoming budget and in proposed DTC
- Trade ministry asked finance ministry to continue providing incentives to exporters
- Even TCS site is not safe; Hacked and been put for sale
- Hindustan Petroleum Corporation Limited Versus The UOI and Commissioner of Central Excise (Bombay High Court)
- Trade circular on Electronic payment under MVAT Act, 2002 and CST Act, 1956
- Central excise notification exempting certain specified goods
- GJF opposed provisions related to stock seizure, MAT and TDS on payment for gold, diamonds, jewellery etc provided in new DTC
- SC will examine the plea of Punjab government related to mandatory deposit of 25% of the tax, penalty and interest for filing VAT appeal
- No application yet for grant of ‘Maharatna’ status
- GST rate may be fixed at 16%
- Good news for CAs: CAG called for an increase in statutory audit fees of public sector undertakings
- Rajasthan HC ruling on giving arrears of rent under section 25 B of the Income Tax Act irked apex court
- ICAI announced relaxation of 9 months study course period to converted to IPCC students
- IFRS deferred by a year and will be applicable from 01.04.2011
- RBI move to allow Restructuring of bad loans helped bank, Industry and economy
- Promulgation of the Daman and Diu Civil Courts (Amendment) Regulation, 2009
- Amendment to the National Council for Teacher Education Act, 1993
- MCA asked ROC to review accounts of 5 companies
- Time to specify negative/exempt services for taxation instead of taxing selected services
- SC dismissed the Income Tax department’s plea alleging that former Nasscom chief Kiran S Karnik had evaded tax
- Planning commission favoured phased withdrawal of stimulus
- Real estate sector demanded rationalisation of floor space index and tax benefits
- Deduction U/s. 10A of the Income Tax Act is allowable without set off of losses of non-eligible units
- CST Act – C Forms can be submitted even at appellate stage
- RBI’s approval does not put a seal of approval on true character of a transaction from perspective of transfer pricing regulation
- Recourse to the power under Section 147 cannot be sustained on a mere change of opinion
- If company constructed structure on shareholders land then rent there from will be taxable in the hand of company
- Co-operative Bank entitled to deduction u/s 80P(2)(a)(i) on amount of interest received u/s 244A on Income tax Refund
- The assessing authority cannot act on the dictates of the Commissioner to reopen the concluded assessment
- Income tax department recovered Rs, 3 crore in raid at IAS couple
- ICAI will start disciplinary proceedings against the Satyam auditor—Srinivas Talluri as he is out on bail
- MCX signed MOU with ICAI to share knowledge and expertise
- SEBI appointed former CIT Vijay Ranjan, as administrator for reallocation of unjust gains in IPO scam
- CBI registered corruption case against JNU Professor
- Even employees’ contribution to PF paid before due date of filing ROI is allowable u/s 43B
- Provisions related to declared goods under CST Act, 1956
- In absence of stay from SC, Department can’t collect service tax on renting of immovable properties by resorting to other means
- Legal Woes not over for Price Waterhouse
- ICAI employees call off strike after 20% pay hike
- MVAT circular providing clarification regarding Schedule Entry C-70 – Paper
- SEBI issued circular on Standard warning in Advertisements by Mutual Funds
- Britsh PM warned India on Vodafone issue
- Exim Bank’s Line of Credit of USD 36 million to the Government of the Republic of Mali
- Section 23 of the Banking Regulation Act, 1949 – Master Circular on Branch Licensing – Regional Rural Banks (RRBs)- Policy for opening of Regional Offices by RRBs
- National Electronic Funds Transfer (NEFT) System – Refinement of process-flow and enhancement of features
- New Companies Bill 2009 expected to be enacted by the end of this year: Khurshid
- Salman Khurshid suggested ministers to hand over their businesses to trust
- CBDT decided to monitor advance tax payments by top companies
- “India redefined…. CMAs with the difference”
- ICAI awards for excellence in financial reporting for financial year 2008-
- ICAI Exam forms for IPCE, PE-II, PCE and Final Examinations thru AXIS Banks to be available from 8th February 2010
- ICAI Exam forms for IPCE, PE-II, PCE and Final Examinations will be available from 08th February 2010
- Amendment of paragraph 2.13.1, 3.11.7 and 4.50 of HBP Vol. 1 for revalidation of freely transferable Authorization/ Duty credit scrips and re-credit of 4% SAD thereof.
- DGFT issued circular on Procedure to re-credit 4% Special Additional Duty (SAD) of Customs in DEPB, VKGUY, FPS, FMS, MLFPS scrips
- Employees can’t be sacked without giving reasonable opportunity of being heard
- Notice u/s. 143(2) should be issued within one year from the date of filing of block return if A.O. rejects the same
- Top-level vacancies in the direct tax administration affecting realisation of targets
- Section 10(15)(iv)(h) of the Income-tax Act, 1961 – Exemption – Interest on bonds/debentures – Notified bonds or debentures of public sector companies
- Alimony cannot be decided on the basis of income-tax returns
- Section 2(48) of the Income-tax Act, 1961 – Zero Coupon Bond – Specified bond
- IT Chief Commissioners discuss strategies for achieving revenue collection target
- ICAI President’s Message for February 2010
- Infighting, a way of life at ICAI
- ICSI to suggest changes to make the LLP model more suitable for the SMEs
- Press release on Amendment to the Companies Act, Competition Act, LLP, Vanishing Companies, SFIO, Corporate Governance, Investor Education and Protection
- NSE, BSE to hold 90 minute special trading session on Saturday
- SC granted bail to PWC auditor Srinivas Talluri allegedly involved in Satyam fraud
- Change in DTC likely, to remove inconsistency with IFRS
- 14 Innovation Universities is likely to get exemption from CAG audit
- ICAI found two GTB auditors guilty of professional misconduct
- Compliance with FDI norms-Half yearly certificate from Statutory Auditors of NBFCs
- Issue of s. 143 (2) notice is mandatory for block assessment proceedings. Disclosed items cannot be assessed in block assessment. Circulars are binding on the revenue
- Surcharge Additional Tax levied under PVAT Act
- Entry Tax Imposed on new goods in Punjab
- Comments of the Department of Revenue (DoR) on the First Discussion Paper on GST
- Section 372A – Inter corporate Loan/Investment/Guarantee/ Security
- Excise duty circular on Valuation of MS and HSD sold amongst OMCs – MOU – Withdrawal of instructions dated 14-2-2007
- UCBs – Prevention of Money-laundering – Amendment Rules, 2009 – Obligation of banks / Financial institutions
- CBI successfully busted international gang specialising in fake US money orders
- Nucleus Software wins Gold shield for Best Annual Report, 2009, by ICAI
- ICAI list of toppers in CA PEE- II examination, PCE examination and IPCE examination held in November 2009
- MCA issued criteria for identification of a vanishing company
- Law ministry invited applications for the posts of Judicial Members and Accountant Members in the Income Tax Appellate Tribunal
- Corrigendum to Circular No. 1/2010 related to deduction of tax on salaries
- RBI circular on Maintenance of Cash Reserve Ratio (CRR) by Scheduled State Co-operative Banks
- RBI circular on Maintenance of Cash Reserve Ratio (CRR) by All Scheduled Primary (Urban) Co-operative Banks
- RBI circular on Maintenance of CRR by regional rural bank
- List of Terrorist Individuals/ Organisations – under UNSCR 1267(1999) and 1822(2008) on Taliban/Al-Qaida Organisation- DBOD. AML.No. 13388 /14.06.061/2009-10
- DTC may increases the tax burden of middle-class and may penalise long term investor
- MVAT circular extending due date for filing revised return in case of Change in Periodicity determined by the department
- RBI doesn’t approve penalties on foreclosure of loans but not done enough to prevent such practice
- Budget may not fulfill the demand of banks to allow them to issue tax-free infrastructure bond
- Sixteen new sports added under Section 80G of the Income Tax Act on recommendation of IOA
- Bombay HC accepted writ petition challenging applicability Rule 8 D of section 14 A of the Income-Tax Act, 1961
- Sebi announced valuation norms for Mutual Funds
- Delhi HC deferred hearing of petition seeking refund of penalty of Rs 80 lakh in connection with seizure of 800 kg gold
- High Court stayed collection of taxes from 69 companies allegedly having connections with Ramalinga Raju of Satyam Computers
- Anti-cancer and HIV drugs likely to be exempted from duty in coming budget
- Taxability of payments received by Applicant from its Indian reseller for supply of software products to end users
- Market Basics
- Can the provision barring civil court’s jurisdiction in the proposed companies act be effective?
- Vat rate changed in Punjab from 4% to 5%
- Budget may contain the provision requiring TPAs to deduct TDS on payment to hospitals
- Government s likely to introduce a fixed time-frame for nomination of independent directors in state-run companies
- RBI not have info on “heavy penalties” and “extra-ordinary interest rates” imposed by banks on credit card defaults
- Result analysis of CA Professional Education Examination-II (PE-II), Professional Competence (PCE) and Integrated Professional Competence Examinations (IPCE) Held In November-2009
- Section 23 of the Banking Regulation Act, 1949 – Relaxations in Branch Authorisation Policy
- RBI circular on Export and Import of Currency
- Amendment in ANF2-A of Handbook of Procedures Vol.I,2009-14
- CBDT planning to put in place a more robust and foolproof system for handling high value refunds
- CBI arrested Assistant General Manager of SEBI for allegedly demanding and accepting a bribe
- ICAI created special Group to consider the matter of Armed Booth Capturing at Vaishali, Ghaziabad
- Quality assessment Scheme: Move to improve the quality of Assessment
- Big four in race to grab the consultant’s job for the Unique Identification Authority of India’s UID project
- Notional interest on interest-free loans is assessable under transfer pricing law
- No addition can be made or sustained simply on basis of statement recorded at the time of survey/search
- SEBI circular on Disclosure of investor complaints and arbitration details on Depository website
- CBEC amends tariff value of Brass scrap and poppy seeds
- Anti-dumping duty on the imports of Carbon Black used in rubber applications, originating in or exported from Australia, China PR, Russia and Thailand
- Rescinds the Notification No. 83/2009- Customs, dated the 30-07-2009 – Regarding anti dumping duty on imports of Carbon Black used in rubber applications, originating in, or exported from, Australia, China PR, Russia and Thailand, and imported into India
- Section 42(1) of the Reserve Bank of India Act, 1934 – Maintenance of CRR – Circular No. DBOD.No.Ret.BC. 71/12.01.001/2009-10
- Third Quarter Review of RBI Monetary Policy 2009-10
- Direct tax code lack the focus on development
- Apex court ask government to take action against official for delays in filing appeals for recovery of tax dues
- MNC can now appeal with CIT (A) too in respect of transfer pricing related disputes
- Service Tax on Renting of Immovable Property – Board promises Delhi HC to revise instructions
- Section 4 of Securities Contracts (Regulation) Act, 1956 does not require publication of pre-recognition Rules and Bye-laws of a Stock
- Department of Telecommunication given ultimatum to the auditors of three telecom majors
- Section 80G of the Income-tax Act, 1961 – Deductions – Donations to certain funds, charitable institutions, etc. – Amendment in Notification No. S.O. 1246(E), dated 29-11-2002
- Rajasthan announced VAT exemption on sugar imported in state till 30th June
- Tariff value of edible oils, brass scrap and poppy seeds notified
- IRDA issued new disclosure norms- mandating insurance companies publish accounts on half-yearly basis
- Exchange Rate notification for Import / Export of goods with effect from 1st February, 2010
- RBI Circular on Exim Bank’s Line of Credit to Government of the United Republic of Tanzania
- Adjustment of Advance FBT with Advance Tax for A.Y. 2010-11
- Aal is well
- Integrity and Ethics are Basic to Good Governance in Banking
- Government likely to scrap DEPB scheme
- Mauritius Vice Prime Minister claimed his country is not a tax haven
- Circular on adjustment of Advance FBT Paid for Assessment Year 2010-11
- Clarification regarding filing of Objections before Dispute Resolution Panel (DRP)
- RBI hikes CRR by 75 bps, No Change in Reverse Repo Rate and Repo rate
- New GST rollout date will be known in April 2010
- Summary of comments made by Department of Revenue on First Discussion Paper on Goods and Service Tax (GST)
- Restructuring of businesses cannot be construed as an exercise for avoiding tax: AAR
- NBFCs can’t be put under the purview of the Money laundering act: Gujarat high court
- Interest rate on home loans may remain unchanged
- Government likely to extended Interest subvention scheme for exporters till December 2010
- List of Terrorist Individuals/ Organisations – under UNSCR 1267(1999) and 1822(2008) on Taliban/Al-Qaida Organisation- DBOD. AML.No.13039/14.06.060/2009-10
- RBI circular on External Commercial Borrowings (ECB) Policy
- DGFT notification on Import policy of Toys
- Former Satyam chief declared ‘pauper’ in US court
- PPPAC approves PPP Projects worth Rs. 4120.29 crores
- Committee on Comprehensive Regulation for Credit Rating Agencies suggests Strengthening of Existing Regulations
- Coaching classes for CA students not permissible between 9.30 a.m. and 5.30 p.m
- ICAI postponed the result of PE–II, PCE and IPCE examination held in November, 2009
- Due Date for MVAT audit in form 704 for financial year 2008-09 extended to 31st March 2010
- Easy Economy to a Competitive Economy (series 1)
- Goods and Services Tax (GST) may not meet April 1 deadline: Plan panel
- Convergence to IFRS require recognition of unrealised profits and losses, what about taxability of the same
- ECB Policy eased for facilitating Spectrum allocation payment
- CBDT extends date for filing ITR-V form to 31.03.2010 or 120 days from filing of return, whichever is later
- Dispute Resolution Panel to pass speaking order after considering objections and evidences furnished by the taxpayer
- Court orders approving amalgamation are covered within the ambit of the definition of ‘conveyance’ and are subject to stamp duty
- CBDT Press Release on I-T refund fraud in Mumbai
- Hard nut to crack -Service tax refund claim
- ICAI announced Examination Centers, last date for filing forms, date & Schedule of PE-II, PCE, IPCE and Final Examination – May 2010
- ICAI announced Examination Centres, last date for filing forms, date & Schedule of CPT examination June 2010
- Income from even an isolated transaction of sale of land can be considered as business income of an assessee though not carrying on real estate business
- RBI likely to hike CRR , Repo Rate and Reverse Repo Rate
- Amendment for Export of Animal by product to EU in the Schedule 2 (Export Policy) of ITC(HS) Classifications of Export and Import items
- Mauritius imposed stringent conditions on Mauritius-based companies investing in India
- Companies Act may specify stringent rules for filing class action suits
- ICAI not yet submitted its repot on PWC
- CBDT in a fix over the application of one safe harbour rate to all sectors
- Service tax refunds to exporters
- CBDT to cross-verify all high value refunds this fiscal
- Reopening u/s 147 not valid if there is no finding regarding failure to disclose material facts
- s.153A does not authorize de novo assessment. Non-pending assessments do not abate. Additions must be confined to search material
- E-Filing of income Tax returns needs a close review
- Revenue Department wants excise duty, octroi, purchase tax, local, alcoholic beverages and petroleum products under the ambit of GST
- Recent Tribunal rulings on transfer pricing issues in the case of Global Vantedge Pvt. Ltd and Quark Systems Pvt. Ltd.
- Income cannot be reassessed on a mere change of opinion
- Roadmap for IFRS conversion in India
- Getting income tax details of third person under RTI is still not easy task
- ATM transaction not free for banks
- Government overhauled its Income Tax intelligence wing to speed up investigation of high value cases & stop new tax evasion methods
- Income Tax scrutiny will be tougher, Department increasing the number of Assessing officers who will scrutinise the cases
- High Court declined to stay Company Law Board order on Gold Tobacco
- FBT First Instalment of June Quarter Paid-Refund or Adjustment?
- Election Result- Vasai branch of WIRC
- Financial Inclusion -Series 2 (Product Designing @ Target Costing)
- Requirement of clubbing of turnover for the purpose of section 44AB in case assessee is carrying on more than one business
- Sudden Selling Trigger
- Surplus arising to a partner from transaction of contribution of land held by it to a firm as capital contribution shall be taxable u/s 45
- Payment made by a member to its stock exchange for VSAT/Lease line/BOLT/Demat charges is not fee for technical services u/s194J
- Settlement Commission is given power u/s. 245H to reduce penalty but same need to be exercised judiciously and not arbitrarily
- Writ petitions are not maintainable where issue involved is essentially a question of fact under provisions of IT Act, 1961 and Rules framed thereunder
- Sustainability of orders passed by Settlement Commission in violation of section 245D(4) of IT Act, 1961
- Income tax refunds may get delayed by a fortnight
- Excise Duty Circular on Substantial Expansion by way of increase in installed capacity for the units availing area based exemption
- Financial Inclusion-Series 1
- Date for MVAT audit in form 704 in Maharashtra extended?
- Do promoters know something that you don’t?
- CBI alleged involvement of I-T officials and the NSDL staff in fraudulent I-T refund scam
- Ca student ended her life, she feared that she hadn’t done well in her examination
- DGFT public notice on Amendments/corrections in SION C-23 and C-2046
- Custom duty order Appointing Common Adjudicting Authority in case of M/s Regular Exports, Ludhiana and others
- Custom duty circular Amending Notification No. 189/2009- Customs (N.T) dated 31.12.2009
- Govt may raise gratuity ceiling limit for private sector employees from Rs 3.5 lakh to Rs 10 lakh
- No service tax on services received abroad between March 2002 and April 2006: Supreme Court
- Government asked RBI it to consider classifying loans to the infrastructure sector as secured
- Orissa government imposed entertainment tax on DTH operators
- Professional Opportunities- Only for the 12 Past Presidents ICAI
- IT department is giving special attention to collection from TDS
- Two separate sets of accounting standards u/s section 211(3C) of the Companies act agreed upon by the core group for convergence of Indian accounting standards with IFRS
- Central Board of Direct Taxes sought report on “income- tax refund scam”
- “Scheme of assistance to training institutions” to train 500 million persons by 2022
- List of Terrorist Individuals/ Organisations – under UNSCR 1267(1999) and 1822(2008) on Taliban/Al-Qaida Organisation
- Requirement of Fee Clearance and NOC – Non applicability in respect of certain category of members of stock exchanges
- Job Work and Reversal: All is Well……
- Electronic Clearing System of the Income Tax Department hacked: Hacker Diverted around Rs 15 crore; CBI asked to investigate
- Disallowance of expenditure u/s 40(a) in a case where assessee follows completed contract method
- Registration u/s 80G(5)(vi) cannot be denied to charitable trust even if it is running some activity that yields profit
- Commissioner is empowered to satisfy himself that the trust activates are genuine and in consonance with its objects before granting approval u/s 80G
- In case of transfer of an asset distributed by a company in liquidation, cost of acquisition of same has to be taken as cost to previous owner for purpose of computing capital gains thereon
- Advance Against Depreciation (AAD) is not a reserve so section 115JB not applicable
- If the Assessing Officer has made the assessment by making such inquiries as he deemed fit, the order cannot be termed as erroneous
- Once data stored in electronic form, it becomes a customized electronic data which can be exported to qualify for deduction u/s 10A
- TDS is deductible on ESOP
- RCOM asked ministry to reject special audit report and demanded action against its special auditor
- Government considering increase in the income-tax exemption limit for individuals in next budget
- C&AG requested government intervention to access financial records of Cairn India-operated Rajasthan oil fields
- Results of the Chartered Accountants PE–II, PCE and IPCE held in November, 2009 are likely to be declared on Friday, the 29th January, 2010 around 2 P.M.
- Results of the MAC (Part-I), IRM and [ITL & WTO] Examinations held in November, 2009 are likely to be declared on 29th January, 2010 around 2 P.M.
- Deductibility of premium on forward contracts in the year of entering into such contracts
- Trade defence measures available to the domestic industry to counter unfair trade practices followed by exporters of goods from other countries
- CA Dilip Vyas and four others fraudulently extracted over Rs 3 crore from Income Tax Department
- Small and medium enterprises will not have to prepare their accounts as per IFRS
- New President and Vice President of ICSI for 2010
- Payment made for composite arrangement under franchises agreement not liable for TDS
- Property tax rates in capital all set to rise from April 2010
- Maharashtra Government imposed entertainment tax on T-20, One Day International
- Income-Tax Department cannot re-open the assessment U/s. 147 of the Income Tax Act arbitrarily: SC
- TDS on salary arrears will make government richer by Rs. 1400 Crore
- Taxation of carbon credits under the proposed Goods and Services Tax regime?
- Announcement regarding last date for registration to the DIRM Course for November, 2010 DIRM Technical Examination
- ICAI announced dates for Professional Education – II, Professional Competence Course (PCE), Integrated Professional Competence Course (IPCE) and Final Examinations to be held in -May-2010
- ICAI finally announced dates for Common Proficiency Test (CPT Examination) to be held in -June-2010
- Revision in Course Fee for ERP Courses on SAP Financials
- Custom duty notification amending notification No. 146/94-Customs, dated 13th July, 1994
- Custom duty notification amending Notification No.152/2009-Customs, dated the 31st December, 2009
- TDS at a higher rate on all transactions not having pan to come into effect from 1st April 2010
- SEBI Circular on Currency Futures on Additional Currency Pairs
- Certification by Practising Company Secretary regarding Internal Audit for Credit Rating Agencies
- Delhi VAT Rate increased from 4% TO 5%
- ICAI finds Haribhakti & Co partner guilty of negligence
- Income tax department decided to take up fewer tax returns for scrutiny this year
- Bail plea of PWC auditor Talluri Srinivas will be decided by SC on February 3
- Fraudsters siphoned off About Rs 4 crore from Income Tax Department as I-T refunds
- CA final old and New Course, CPT examination Passing percentage with list of toppers
- Circular on Problems faced by exporters in availing refund of excess credit
- Result of the Assessment Test held on Saturday 19th December 2009 for the Certificate Course on International Taxation in Mumbai (First Batch) and Hyderabad
- Requirement to include the registration number of the firm as allotted by ICAI, in the audit reports signed by members of the ICAI
- RBI guidelines on trading of Currency Futures in Recognized Stock Exchanges
- SEBI ask mutual funds to disclose risk in bold letters in Advertisement Code
- Mutual fund distributors set to approach Sebi for central KYC bureau to cut documentation
- Sebi plans to start volatility index based F&O contracts
- Duty Entitlement Passbook (DEPB) scheme likely to be scrapped in Budget
- New regulations likely to spur business for consulting and audit firms
- Government may increase Excise duty Rates and services tax rate to 12 Percent
- Centre suggested common dispute resolution scheme for settlement of cases in the GST
- Trade circular No. 4T of 2010 on Filing of Audit Report in Form-704 for the periods 2005-06, 2006-07 and 2007-08
- Trade Circular No.3T of 2010 on Refund under MVAT
- Right to set-off loss is a “vested right” which is available despite amendment in year of set-off
- AO deemed to have applied his mind if facts are on record and reopening on change of opinion is not permissible even within 4 years
- FM seeks suggestions for general budget 2010-11 from the members
- Custom duty notification amending Principal notification No. 36/2001-Customs (N.T.) dated the 3rd August, 2001
- RBI notification regarding maintenance of CRR/SLR
- SEBI circular on Advertisement by mutual funds
- FM likely to keep the corporate tax rate unchanged at 30%
- RBI proposed banks to charge uniform home loan rate to old customers but major banks rejected the proposal
- 3 Idiots producer expected to pay largest tax paid by a film producer ever
- CBI opposed the bail plea of Price Waterhouse auditor Mr Srinivas Talluri
- Personal verification of client’s mandatory requirement for opening share trading account
- Only first notice on bounced cheque is valid
- Government may tighten norms governing FDI instruments
- Government may split ICAI in two parts
- The statistics of CA final result in respect of examination held in November 2009
- Income Tax authorities planning to broaden the tax base
- RBI notified relaxation in remittance of salary by foreign nationals working in India
- Bar councils covered under the purview of Right To Information (RTI) Act
- Duplication of computer software or processing of recordable media on blank CD amounts to ‘manufacture’
- Circular on TDS on Salaries under Section 192 of the Income–Tax Act, 1961 during the Financial Year 2009-2010
- Delhi shifted to a 5% Value Added Tax (VAT) slab from 4%
- RBI likely to allow money withdrawals from the point of sale terminals using prepaid cards issued by banks
- It department challenged deduction u/s. 80RR claimed by fashion designer Tarun Tahiliani
- DGFT notification on amendment in Chapter 3 of FTP regarding Para 3.13.2, 3.14.2, 3.15.2 & 3.15.3
- Amendment in HBP-V1-Additional items-markets for incentives under chapter-3 schemes -Admissible date of Export/Period
- DGFT circular on insertion of Para 6.31 in HBP v 1 2009-14
- DGFT circular on amendment in chapter 8 of FTP regarding mega power projects
- Custom notification amending Principal notification No. 36/2001-Customs (N.T.) dated the 3rd August, 2001
- Custom duty circular amending Notification No.21/2002-Customs, dated the 1st March, 2002 – Effective Rate of Duty
- Company Law Board – National Company Law Tribunal – An Analysis
- Tax Gurus failed to find Potholes in Wealth Tax under DTC
- New perquisite valuation rules to hit employees with company cars
- It-Department wants to tax inter-corporate loans given to unrelated companies, but with common shareholders as deemed dividend
- AEDS announced Scholarship Scheme for CA Students
- MVAT Notification on Delegation of Powers
- ICAI asked government to defer the implementation of GST by one year
- ICAI announcement on Counting of Votes pertaining to 21st Council from Central India Regional Constituency
- Shares activity treated as investment in earlier years cannot be treated as business in subsequent years if facts are the same
- RBI circular on Remittance of Salary – Relaxation
- One circular- many solutions
- Income Tax dept asks tax payers to avoid fraud mails
- Documents, books of accounts found after the search could be used to ascertain the true income of assessee
- Bharti Airtel auditor ask more time to complete special audit
- Delhi HC dismissed ITC appeal on use of trademark by Philip Morris’ in relation to its
- Beauty rides vitamin M
- 2010 M&A deciding factor for world economies
- Recounting of Central Council Election from central region to be held on 18th Jan 2010
- Amendment in Notification No. S.O. 1246(E), dated 29-11-2002 related to Section 80G of the Income-tax Act, 1961
- SEBI circular on Quarterly Reporting by Foreign Venture Capital Investors (FVCI)
- Summary of Recommendations made by ICAI on Goods and Services Tax (GST) in India
- Limited Liability Partnership (Amendment) Rules, 2010
- Government signs revised Double Tax Avoidance Agreement with Finland
- Working Group on Foreign Investments in India, Government invites comments on the issues involved
- Excise duty circular on Irregular availment of Cenvat credit on certain activities not amounting to manufacture
- IASB Exposure Draft on Measurement of Liabilities in IAS 37: Proposed amendments to IAS 37
- Application of certain provisions of Companies Act, 1956 to LLP
- Assignee liable for deficiency in service for insurance policy lapsed as a result of non-payment of premium in time
- State Govt. PSUs do not need COD approval
- FDI hub in China
- Banks likely to request RBI to lower interest rate on savings accounts
- Oracle India challenge special audit direction by income tax department in Delhi high court
- CBDT will make assessments more transparent
- Drafting Articles of Association?
- Income tax department seized Rs 7.5 crore from Weight loss doctor
- No element of charity in BCCI conduct: Income Tax Department
- Bombay High court fined NGO 40 lakh
- Retail Issue of Subordinated Debt for Raising Tier II Capital
- RBI issued guidelines to execute repo in corporate bonds which would be effective from March 1, 2010
- Government may introduce bill to amend the Companies Act in the budget session
- Use of Cash Profit / Sales and Cash Profit / Cost emphasized as an appropriate PLI for use of TNMM
- Purchase of Immovable Property in India by Persons of Indian Origin (PIOs) – Amendment of the definition
- Amendment in HBP-V1-Additional items-markets for incentives under chapter-3 schemes Table-6
- Amendment in HBP-V1-Additional items under MLFPS – incentives under chapter-3 schemes
- Eligibility of cotton bathmats/rugs for grant of duty credit scrip under VKGUY/FPS of FTP
- Amendment in HBP-V1-Additional items-markets for incentives under chapter-3 schemes
- Amendment in Notification No. 110/2004 regarding continuation of anti-dumping duty on imports of Polytetrafluroethylene (PTFE) originating in, or exported from Russia
- Stay on declaration of ICAI election result vacated-Rajasthan high court
- Notes, jottings and draft judgements not fall under RTI
- Competition Appellate Tribunal (CAT) to hear unfair trade practice cases
- Standard on Internal Audit (SIA) 17, Consideration of Laws and Regulations in an Internal Audit
- FM Holds Pre-Budget Meeting with State Finance Ministers
- Result of ISA test held in December 2009 likely to be declared on 17th January, 2010
- SEBI circular on Market Wide Position Limits across Stock Exchanges
- Quarterly Reporting by Venture Capital Funds (VCF)
- RBI circular on Ready Forward Contracts in Corporate Debt Securities
- Prevention of Money-laundering Rules – Amendment – Obligation of Banks/FIs
- Corrigendum to the new perquisite valuation rules for A.Y. 2010-11
- Government announced series of new incentives for exporters
- Government committed to converge to IFRS by April, 2011
- MVAT circular on tax Treatment of Goods sent to other States
- No clear mandate in CA elections of Ahmedabad branch of ICAI
- ICAI launched facility to post your Grievance online
- Suspension of Accounting Standards 11 under Bombay high courts scanner
- Office of the Chief Justice of India (CJI) not beyond the ambit of RTI provisions: Delhi HC
- ICAEW excludes and fines KPMG employee for false travel expense claims
- Income tax department withdrawn the approval granted under Section 17(2) to Hospital in Chandigarh
- Mergers of banks will not be forced by Government
- Bonus stripping under the Income tax lens
- Circular on Extension of Export Obligation period for the Advance License Holders who have imported raw sugar between 21.9.2004 and 15.4.2008
- Notification on anti dumping duty on tyre vulcanisers or rubber processing machineries for tyres, originating in or exported from China
- Interest rate may go up in the coming months if RBI tightens its monetary policy
- Right to subscribe for shares arises only when right offer is made by the company: SC
- Provisions for NPA as per RBI Norms by NBFCs not deductible
- High court will hear Writ Petition challenging the constitutional validity of Rule 8D and matters related to interpretation of section 14A
- 29th January RBI Policy MEET
- Corporate filing – complications – corporate law in India
- Irregularities in VAT department at Punjab
- Validity of Assessment notices U/S 29 of PVAT for the year 2005-06 issued by department recently
- Domestic tariff area (DTA) units could use SEZ facilities
- SEBI moves SC seeking on the issue of power of SAT
- Union budget for 2010-11likely to be presented on February 26
- Action against PWC may be taken after ICAI report
- Income tax department ask bankers to deduct and pay TDS properly
- Finance Ministry to review loan recovery practices and undervaluation of mortgaged properties during auctions
- Government proposes ban on adjournments of proceedings in trademark cases
- Internal audit and its social accountability
- New Direct Taxes Code (DTC) likely from April 2011
- RBI asked banks to cap bank charges
- CBDT set up committee to formulate rules to enable acceptance of transfer pricing returns without scrutiny
- Income tax department, Mumbai unearthed recorded concealment of Rs. 1,315 crore
- Information on income tax can be disclosed under RTI
- Driver of Indian Economy
- Mythri Transport Vs. ACIT (ITAT Visakhapatnam)
- If a trust fulfills all conditions of section 12A/12AA, registration cannot be denied on ground that some conditions of section 11 and 12 not fulfilled
- Payment of compensation for obtaining vacant & peaceful possession of premises cannot be allowed as revenue expenditure
- Tribunal, in no circumstances whatsoever, can be led to take a different view on same facts and law on which Jurisdictional High Court has already taken a view
- After Settlement Commission order no power vests in the assessing authority or any other authority in respect of period and income covered under the order
- NBFCs not entitled to deduction of any provision created for bad and doubtful debts
- Penalty u/s 271(1)(b) of the Income tax act, 1961 is not for mere technical non-compliance but for actual or habitual defaulters
- TDS liability of a builder for sub-contracting of main contract is 1% u/s 194C
- Bank interest is not eligible for deduction under sections 80-IB/80HHC
- Assessee is entitled for depreciation on assets of a closed unit which are part of block of assets
- If AO assume concealment without considering the actual payments made in the subsequent years, such attempt would be premature
- TDS is not required to be deducted from royalty payment made for distribution and marketing of cinematographic films on DVD and VCD
- A declarant under KVSS, 1998 cannot take a different stand after adjustment in record has been made as per instruction of declarant
- Words “any other law for the time being in force” in section 100A of CPC shall also cover appeal u/s 483 of Companies Act
- Production of certified copy of instrument of partnership is mandatory for claiming assessment in status of a firm for any assessment year commencing from 1993-94
- New Office address of Regional Authority of DGFT, Surat
- Import policy of items under Exim Code “7208”
- Amendment of paragraph 4.22.1 of HBP v1 for extension of Export Obligation Period (EOP) for advance authorisations issued for import of raw sugar
- Whether ‘contract carriage’ manufactured according to specifications is ‘tourist vehicle’ and whether services provided by the assessee under ‘contract carriage’ makes the assessee a ‘Tour Operator’
- Standardized lot size for derivative contracts on individual securities
- Even introduction of stock-in-trade as capital contribution into firm attracts s. 45(3)
- New Decade of Mahindra and Mahindra
- China’s financial reform in 2010
- Amendment in Notification No 39/2005 Custom (NT) – substitutes Valsad by Vapi
- Amendment in Notification No 49/2005 Custom (NT) – substitutes Valsad by Vapi
- Mandatory application of Cost Accounting Standards, w.e.f. 1st April 2010
- Finance Minister directed Income Tax Department to achieve revised direct tax target
- What ailed the key underperformers of 2009?
- Stocks which were the top performers of 2009
- Buy and hold can be dangerous…
- Indian mkts underperform global peers
- Gold insurance coverage
- 2009 Indian Telecom Industry
- Workmen’s Compensation (Amendment) act, 2009
- Payment of Gratuity (Amendment) Act, 2009 – Amendment in section 2 and insertion of section 13A, Change in definition of employee
- CBDT may allow companies to adjust the FBT paid against the advance tax due in the March quarter
- Information on Assets declared by public servant can be given under Right to Information (RTI) Act
- Ultimate Victim of Insurance Miss Selling
- Switch Your ULIP Equity Funds Now
- Effective date of transfer of shares for capital gains when agreement to transfer of shares is revocable
- SEBI made it compulsory for credit rating agencies to have internal audits
- ICAI announced amnesty scheme for delay in submission of Form 112
- ICAI Invited Suggestions, queries/comments relating to tax issues arising from implementation of IFRS
- SEBI circular on PAN requirement for transmission of shares in physical form
- CA Final November 2009 and Common Proficiency Test (CPT) December, 2009 examination results likely to be declared on 17th Jan 2010
- Power gold mine of India
- Winding-up proceedings – Commendable role being played by company court – a case study
- Expenses disallowed in the hands of the Company cannot be added in the taxable income of the Director of the Company
- Transfer of trade mark is not transfer of goodwill
- Central Excise Notification No 02/2010 CE (NT), Amending notification No. 25/2005-Central Excise (N.T.), dated the 13th May, 2005
- Central excise circular amending Notification No. 24/2005-Central Excise (N.T.), dated the 13th May, 2005
- RBI circular on disclosure in Balance Sheet – Bancassurance Business
- Dial 1 to pay tax, 2 for birth certificate, 3 for passport
- Permanent Account Number (PAN) mandatory for transferring shares to heir
- ROC data will be used as input for key policy decisions
- Rajasthan High Court stayed declaration of ICAI poll results
- SEBI circular on Internal Audit for Credit Rating Agencies (CRAs)
- Prudential Norms on Creation and Utilisation of Floating Provisions
- SEBI-Review of Securities Lending and Borrowing (SLB) Framework -Vide Circular No. SEBI/MRD/DoP/SE/Dep/Cir- 01/2010
- Simplified Debt Listing Agreement for Debt Securities – Amendments
- Government mulling reduction in the number of personal income tax rates from the current three to two
- How real is the real estate for 2010?
- MVAT circular on Issuing of Tax Clearance Certificates
- Notification on Scheme for Filing of Statutory documents and other transactions by companies in Electronic mode
- Polls: Aggrieved ICAI members move court, seek stay following their disqualification as contestants
- Section 194A of the Income-tax Act, 1961- Deduction of tax at source – Interest other than interest on securities – Notified institution
- Supreme Court dismissed plea challenging takeover of Satyam by Mahindra group
- Five sitting members of the apex council of ICAI defeated in election
- Raw deal for Chartered Accountants in Companies Bill 2009
- Indian Inc requested early implementation of Goods and service Tax
- Commerce minister proposed changes in SEZ rules to facilitate easier exit for struggling SEZ developers
- Government may introduce DTC in the forthcoming budget session
- Rajasthan High Court stayed declaration of results of 21st ICAI council
- List of members elected to the Twentieth Regional Councils of the ICAI
- Consultation on DTC over, new structure may be finalised soon
- Court adjourned Satyam case hearing to January 20
- Bankers may meet RBI on 14th to discuss relaxation in lending norms
- Meetings – implications of procedural irregularity – Indian company law
- 2009 gets the award of QIP
- Union Budget may be presented in Lok Sabha on 27th February
- Where to go in 3rd quarterly results
- First thing that will strike you in 2010
- A public prosecutor need not reveal opinion given to government under the RTI: Madras HC
- Judge can’t be asked the basis of his judgment under the RTI: SC
- Finance ministry asked DIPP to review of foreign investment policy to shut loopholes in the FDI policy
- Budget 2010-11 may tax undistributed dividend of foreign corporations
- Orissa government launched online registration of Land records, reduced stamp duty to 5%
- Life insurance companies want withdrawal of service tax on fund management charges
- The AO cannot convert the part of liability transferred as loan by the proprietorship concern into consideration or part thereof
- Any bona fide measures taken by revenue to prevent circulation of black money, cannot be objected as interference with personal liberty or freedom of a citizen
- Income from Cultivation of parent hybrid seed is non agricultural Income and taxable as business income
- If letting out could be demonstrated as part of complex commercial activity then rental income is to be assessed as income from business
- Rate of depreciation applicable to bridges and flyovers constructed and owned by an infrastructure company
- Budget 2011: The FM has his task cut out
- CUSTOMS Notification No 189/2009 (NT), Customs Tariff [Determination of Origin of Goods under the Preferential Trade Agreement between ASEAN and India
- Customs Tariff (Determination of Origin of Goods under the Preferential Trade Agreement between the Governments of the Republic of India and the Republic of Korea) Rules, 2009 (PART – II)
- Notification No. 185 / 2009-Customs (N.T.) appointing Appoints Common Adjudicating Authority
- Notification No. 184 / 2009-Customs (N.T.) appointing Appoints Common Adjudicating Authority
- Notification No. 183 / 2009-Customs (N.T.) appointing Appoints Common Adjudicating Authority
- Regarding anti dumping duty on Cathode Ray Colour Television Picture Tubes originating in, or exported from Malaysia, Thailand, China PR and Korea RP
- Exemption of Customs duty on certain goods when imported into India from the Malaysia, Singapore & Thailand
- Exemption of Customs duty on certain goods when imported into India from the Republic of Korea – Notification No. 152/2009-Customs
- Notification No. 151/2009-Customs – Exempts certain goods from whole of the duty of customs when imported into India from the Republic of Korea
- Custom duty notification amending notification No. 10/2008-Customs dated the 15th January, 2008
- Custom duty notification amending principal notification No. 68/2006-Customs, dated the 30th June, 2006
- Custom duty notification amending principal notification No. 67/2006-Customs, dated the 30th June, 2006
- Extension of time for filing of applications for fixation of Brand Rate of Duty Drawback for High Speed Diesel (HSD) supplied by domestic oil companies to EOU’s prior to issue of Notification No. 20 dated 17.8.05
- Commerce minister recommended extension of special industrial package to the Himachal Pradesh up to 2013
- Restoration of issue of “Written off” goods”
- List of Banks which can accept Applications Supported by Blocked Amount (ASBAs) from investors in issues w.e.f January 1, 2010
- RBI guideline on Internal assignments in banks by statutory auditors
- Service Tax Notification in respect of services related manufacture or processing of alcoholic beverages
- Central trade unions to oppose taxing of withdrawals from savings schemes
- GST exemption list covered item which cannot be taxed under GST
- Income tax department matching politicians poll affidavits with their Income Tax Return
- Two major tax reforms to reduce transaction costs for exporters significantly
- Determination of ALP of an international transaction
- Notification regarding investing Authority for Appeals to the Commissioner of Central Excise (Appeals), Bangalore-II
- CBEC amends tariff value of Brass Scrap and Poppy seeds by Notification No. 188/2009-CUSTOMS (N. T.)
- In penalty proceedings, assessee can always show that finding recorded in quantum proceedings is neither reliable nor sufficient to impose penalty
- Any company whose principal business is banking or granting of loans and advances will not be attracted by explanation to section 73 of the IT Act, 1961
- Expenditure claimed as revenue in nature is allowable u/s 37(1) not u/s 35AB of the Income Tax Act, 1961
- Live payment nexus in routing of income between employer and expatriate personnel must be established so as to attract section 163(1)(c) of Income tax Act, 1961
- Section 92 of Income Tax Act, 1961 not applicable to advertisement expenditure incurred by assessee, a wholly owned subsidiary of an American restaurant company in India
- An order can’t be treated erroneous simply because Assessing officer in his order not made elaborate discussion with reference to his satisfaction
- Section 176(3A) of the Income Tax Act would be applicable only when there is a discontinuance of business
- New Decade of Auto Sector
- Property in Maharashtra just got more expensive as government increased market value of real estate by 10-20 per cent in its Ready Reckoner 2010
- Change of method of accounting of overdue charges from mercantile basis to cash system does not create any income
- Expenditure incurred on modification and renovation of a building before commencement of business is neither allowable under section 30(a)(ii) nor section 37.
- Validity of agreement for assignment of liabilities and assets by an assessee
- AO not justified in adjustment to a international transaction whose arm’s length character is accepted by Transfer Pricing Officer (TPO)
- Foreign company having Permanent Establishment in India cannot be taxed at the rate applicable to domestic company
- Income from transfer of leased premises is taxable as Capital Gains under the Income-tax Act
- Business of providing services in connection with the prospecting for or extraction or production of mineral oil governed by Section 44BB
- Assessing Officer can examine the entries in respect of writing off of bad debt or part thereof by assessee
- Set off of long term capital loss with indexation against long term capital gains without indexation is allowable
- Interest u/s 220(2) of the Income Tax Act is chargeable with reference to due date reckoned from original notice of demand
- Applicability of rule of limitation in respect of appeal filed after an inordinate delay without reasonable cause
- Section 41(1) of Income Tax Act, 1961 applies only to trading liability not to other types of liabilities
- If refund is legitimately due to assessee, mere delay should not defeat claim for refund
- There is no provision for adjustment for short payment of service tax of earlier period against excess payment of service tax in subsequent period
- For a debt to be classified as bad, assessee has only to write it off as irrecoverable in its accounts
- A Brief on Complications under Section 397/398 of Companies Act, 1956 – Indian Company Law
- Under “block of assets” even a closed unit is eligible for depreciation
- Establishment of Branch (BO) / Liaison Offices (LO) in India by Foreign Entities — Delegation of Powers
- Remuneration payable to the Statutory Central and Branch Auditors of Public Sector Banks from the year 2006-07
- Many Companies following financial year from January-December extended their accounting period to follow April-March cycle
- ICAI president message on Synergy with C&AG, New Branches, Membership Restoration, Student Initiatives, Training of Articled Assistants Abroad, Form 112, IFRS Convergence, Companies Bill, 2009 etc
- CVC advised initiations of major penalty proceedings against 113 officers
- “Corporate Governance” – Corporate Law – An Understanding?
- Background and summery of Companies Bill 2009
- Custom-Exchange-Rate-Import-Export-January-2010
- Instructions on Implementation of the Cigarettes and other Tobacco Products (Packaging and Labelling) Rules, 2008
- Custom Duty circular on Application of Kimberley Process Certification Scheme (KPCS) to Semi- cut diamonds
- IT department investigating tax evasion by showing bogus investment losses, May take action against chartered accountants
- Hyderabad CBI completed investigations in 66 cases, including Satyam
- Judges may get punishment for coming late in court and for dozing off during arguments
- Company-owned car is more beneficial for both employer and employee under the new perquisite valuation rules applicable from April 1 2009
- IT department claimed Rs 30,000 crore from companies that violated MAT provisions
- Custom duty circular Rescinding Notification No. 129/2008- dated 7th December, 2008
- Circular on Exemption to iron ore fines from Customs duty when exported out of India
- Amends Notification No. 79/2008-Customs, dated the 13th June, 2008 – Regarding exemption to iron ores and concentrates
- Happy New Year 2010 and Invitation to join our panel of Esteemed writers
- New perquisite valuation rules in respect of rent-free accommodation and points which merit attention alongwith comparison with HRA
- Income-tax dispute resolution panel may hit tax collection by Rs 10,000-crore
- PTC Industries Ltd. Versus Union of India & Ors. (Allahabad High Court)
- MVAT circular on activity code to be mentioned in audit report form 704
- Burden to prove the genuineness of the gift is on the Assessee
- Finance companies too governed by provisions of section 269SS and 269T of the Income Tax Act, 1961
- Providing of fixtures & fittings to licencee of a premises would not make income from sub-letting of property as business income
- Blending of tea for export by an industrial unit in SEZ area is a manufacturing activity which qualifies for exemption u/s 10A/10AA
- Tribunal’s power u/s 254(2) is not to review its earlier order but only to amend it with a view to rectify any mistake apparent from the record
- Establishment of identity of creditor, creditworthiness of creditor and genuineness of transaction
- Additional depreciation on new asset not subject to setting up or operational connectivity with main business
- Interest on funds borrowed for acquiring controlling interest not allowable expenditure under the Income Tax Act
- SB rules income from derivative trading in shares prior to financial year 2005-06 is speculation income
- Duty Drawback and sale of DEPB license not eligible for tax holiday: Supreme Court
- Larger Bench rules tax holiday not available to a contractor/executor under the Income Tax Act
- Govt decided to shelve introduction of unique transaction number (UTN)
- Budget 2010 may have anti-avoidance provisions to check evasion of tax
- Habitual absence from work without taking leave amounts to misconduct
- RBI circular on Advance Remittance for Import of Rough Diamonds
- When the assessee had domestic sales of more than 25% of the total sale value during the relevant assessment year, i.e. 2001-02, is the assessee still entitled to partial deduction proportionately on export turnover in view of the provisions of sub-section(4) of section 10B of the I. T .Act ?
- Amendment to the Maharashtra Value Added Tax Rules, 2005
- Indian Company Law – Objects Clause?
- Appeal to simplify and speedup the procedure for approval u/s. 22 of the Bombay Public Trust Act, 1950, where any change occurs in any of the entries recorded in the Register of Trusts
- Appeal to simplify and speedup the procedure for approval u/s. 36A(3) of the Bombay Public Trust Act, 1950 in respect of raising loan or deposit
- In case of gifted Assets, indexation benefit is available from the year of acquisition of the previous owner
- Admissibility of deduction from book profit of reduction in revaluation reserve under MAT provisions
- High court upheld the levy of higher rate of tax on superior kerosene oil (white kerosene oil)
- Managers cannot be termed workmen: the Bombay High Court
- Perquisite Valuation rules not considered the inflation and old exempt amount limit been kept
- ICAI will relax articleship norms for Government Auditors
- Supreme Court stayed ruling requiring deduction for TDS on payment for software purchase to non-residents
- CBDT devised scheme for improving quality of assessments
- Bombay high court will give preference to petitioner who attained the age of 60 years and above
- If the income is surrendered with the condition that no penalty be imposed, then the AO not justified in imposing the penalty
- Incidental revenue generating activities do not end the principle of mutuality
- Advance ruling on tax rate applicable to royalty income derived by a Japanese company in India
- The burden of proving understatement or concealment is on the revenue
- A shareholder has no “say” in management of a company unless and until he becomes part of management
- Draft Bank Branch Auditors’ Panel 2009-10
- Concessional rate of tax for foreign oil exploration and production companies
- 19 PwC tax partners resigned following the resignation of the PwC tax head Dinesh Kanabar
- Ernst & Young and six of its current and former partners charged for failing to disclose fraudulent financial accounting
- Income earned by CA from audits will not be entitled to relief u/s 80RR
- AAR on taxability of an American Institute for rendering certain work and service to FICCI-DRDO Innovation programme
- Income from trading of shares will be speculative business within meaning of provision of Explanation to section 73
- Determination of ALV of a let out property
- Donation made for business purpose is allowable expenditure
- SC would decide whether foreign airlines liable to deduct TDS on commissions to travel agents for rendering ticketing services.
- Air travels have to forego part of the commission they receive from airlines
- Applicability of year end rate for conversion of business income earned in foreign currency
- Allowability of depreciation on participatory right in the nature of license
- MAT need not be based on audited accounts not complying with the prescribed format: ITAT Mumbai
- Date for rolling out of GST could be announced on January 8
- Excise duty exemptions will be phased out gradually in GST regime
- Clarification regarding peripheral activities for Area Based Exemption notifications
- DTC may retain tax shelters on interest and principal repayments for home loans
- Cyber Crime
- Taxability of ESOP under the new perquisite taxation regime for the Assessment year 2010-2011
- Valuation of ESOP will be cumbersome and expensive for smaller unlisted companies
- History of perquisite taxation
- New perquisites valuation rules for Assessment Year 2010-11 are replica of old rules
- Empanelment of Chartered Accountant firms for the year 2010-2011 with CAG
- Section 144A of the Income-tax Act, 1961 – Power of Joint Commissioner to issue directions in certain cases – Scheme for improving quality of assessments
- Section 197 – Certificate of lower deduction or non-deduction of tax at source
- Assessment records of third parties can be demanded under RTI
- Union government approved proposal to introduce Bill to amend the Copyright Act, 1957
- Minister of Commerce and Industry releases first draft consolidation of FDI Policy/ FDI Framework
- ICAI Executive Committee Decision on Election of Chairman and other Office bearers of all Branches of Regional Councils
- Union government approved amendment to the Right of Children to Free and Compulsory Education
- Investing in new pension scheme (NPS)
- EET – The Future Model of Savings and Taxation
- No Service tax on services provided abroad prior to April 18, 2006
- Law Commission in favour of amendment in Indian Stamp Act 1899 and the Court-fees Act 1870
- SEBI constituted Takeover Regulations Advisory Committee (TRAC) will review Takeover Code
- Exempt long term capital gain capital gains to be included for MAT computation: Delhi ITAT
- Amendment to Section 43B on deduction of contribution for PF, superannuation fund, gratuity fund etc is retrospective
- VAT Cir – 35T of 2009 – Rate of tax, Set-off on Timber for the period 1.04.2009 to 30.06.2009 – Clarification
- Eligibility criteria, conditions and procedure for application of administrative relief on account of the delay in obtaining the MVAT certificate of registration
- Ministry of corporate affairs: preparing ground for Indian corporates to play global
- Mobile Banking Transactions in India – Operative Guidelines for Banks
- Checklist for rights issue of shares
- Report of Task Force on GST by the Thirteenth Finance Commission — A synopsis
- ICAI allowed ca students to undergo their mandatory three-year training programme outside India
- ICAI will hear Satyam auditor first before passing any order against them
- Provisions of section 40(a)(ia) of Income Tax Act constitutionally valid
- Income from convention centre run by a hotel company is eligible to expenditure tax
- Tribunal got the power to rectify mistake apparent from the record but not empowered to rectify its own under u/s. 254(2)
- TDS on payment made for purchase of software from non-residents
- Unilateral remission/cessation of liability by assessee will amount to obtaining of benefit under section 41(1)
- Salary Income -Valuation of Perquisites
- WIRC election status as on 24.12.2009
- Applications for Empanelment as Stock Auditor with Allahabad Bank
- For the kind information of the DIRM Course pursuing members
- Report of the Task Force on GST Thirteenth Finance Commission
- Summary of rules for valuation of perquisites for Assessment year 2010-2011
- Cash seizures by tax authorities during searches almost doubled in financial year 2008-09
- Anti dumping duty on Sodium Nitrite originating in, or exported from, People’s Republic of China
- WIRC election status at the end of 23.12.2009
- Supreme Court stayed Karnatka high court decision requiring deduction of tax on cross border taxation
- Know Your Customer (KYC) Guidelines – Accounts of Proprietary Concern
- Surgeons and service tax
- Trade receivables engine for E-Discounting launched
- Names of audit firms approved as statutory central auditors (SCAs) for 25 public sector banks for the year 2009-10
- List of RBI forwarded to Banks for Central Statutory auditors for financial year 2009-10
- RBI circular on display of information for lodging of ATM related complaints
- China lays the ground work to control the dragon
- Drunken Exemption to Alcoholic Beverages
- Final list of candidates won from WIRC for Central Council
- Custom Duty Circular on Anti dumping duty on Flax Fabric originating in, or exported from, People’s Republic of China and Hong Kong
- GST got certain structural defects which need to be corrected before second Paper comes out
- ICAI revised internal audit standards to strengthen internal audit practices
- Special Auditor for Bharti Airtel sought extension from the government
- Finance ministry decided to keep the issue of taxing participatory notes on the back burner to encourage foreign inflows
- RBI circular on Settlement of Interest Rate Futures- UCBs
- Valuation of Perquisites other then accommodation, motor car and ESOP for financial year 2009-2010
- Valuation of perquisites in respect of employee stock option (ESOP) for the financial year 2009-2010
- Asian Steel Industry-Series 2 India
- Asian Steel Industry-Series 1 China
- New rules for valuation of perquisites for use of motor car by staff for personal use – provided by employer
- Refund of service tax paid on foreign agent commission by exporters
- Service tax valuation issues pertaining to Customs House Agents Service
- New Perquisite rules in respect of accommodation / house property provided by employer including accommodation in hotel
- If income attributable to PE in India less than the remuneration paid to the distributor in India by the taxpayer then no further income taxable in India
- Taxability of the income from the sale of shares in the hands of resident in Mauritius
- Punjab challenged tax concessions for industrial undertaking in Jammu and Kashmir, Himachal Pradesh and Uttarakhand
- CBEC clarified treatment of Cenvat in respect of goods written off in books
- National Tax Tribunal far from realty
- Government auditor can become CA by passing only final examination, given exemption from CPT/IPC
- Tax statements of a corporate group may be given under RTI
- Definition of liaison offices of law firms still not clear
- New perquisite Valuation rules taxed almost all the perks
- All about Initial Public Offerings (IPOs) in brief
- Derivative transactions prior to amendment in section 43(5) (effective from AY 2006-07) are speculative transaction
- Transfer of trade mark cannot be considered as transfer of goodwill as they are two separate assets
- Recommendations of GST Task Force’ 17th December 2009
- Income Tax returns received in financial year 2008-09 will be processed up to March 31 2010
- Interest income from Fixed deposits not eligible for deduction u/s 10A/10B
- Merely because liability is outstanding for the last six years, it cannot be presumed that the same has ceased to exist
- File your Income Tax return for financial year 2008-2009 before 31st March 2010 to avoid penalty
- PM panel in favour of one GST slab at central level for both Goods and services
- Goods and Service Tax (GST) from taxman’s point of view
- Perquisites for salaried will be taxed from April 2009
- ISMT Ltd. Vs. Commissioner of Central Excise & Customs (Cestat Mumbai)
- Provision of section 41(1) not applicable where assessee is still showing some amount as liability in its books and not written off the same
- If Assessee already paid tax then interest can not be recovered further u/s. claimed u/s. 234A or 234B or 234C
- Whether individual asset is put to use in a particular year or not is of no consequence for purpose of allowing depreciation thereon
- In the case of remittances by banking channel the onus on the assessee u/s 69 stands discharged, and therefore, section 5(2)(b) does not apply
- Dismissal of appeal for failure of pre-deposit, Interpretation of Section 35B & 35F of Central Excise Act
- Taxability of Income of a non-resident shipping company can in India
- Terms “any trade, commerce or business” occurring u/s 2(15) refer to trade, commerce or business pursued by recipient to whom service is rendered
- Interest expense cannot be claimed if TDS not deducted
- Merely because the department did not issue a show cause notice within the specified period, supplier of manpower cannot escape the liability
- When assessee cannot be declared as an assessee in default u/s 201 of IT Act, 1961 for non-deduction of TDS
- ACIT or DDIT can act as AO of an assessee only when they are conferred with such jurisdiction by CBDT
- RBI extends timing for RTGS transactions to 04.30 in evening
- RBI circular on Self Employment Scheme for Rehabilitation of Manual Scavengers. (SRMS) beyond 30 September 2009
- RBI circular on Priority Sector Lending – Loans to Housing Finance Companies
- Allowability of depreciation on the Bombay Stock Exchange Membership Card
- Section 14A submission accepted by AO can not be sent back to AO for reconsideration by tribunal
- UCBs – List of Terrorist individuals / organizations – under UNSCR 1267 (1999) and 1822(2008) on Taliban / Al-Qaida Organisation
- UCBs – KYC Norms/AML Standards/Combating Financing of Terrorism CFT (RBI/2009-10/260)
- Press Note on Liberalization of Foreign Technology agreement policy
- Never ending bailout
- If you salary has larger proportion of perquisites then you will need to pay more tax for this year
- Consideration for permission to use TDR / FSI not chargeable to tax: ITAT Mumbai
- Tribunals upheld the concept of ‘make available’ and held specified services not Fees for technical services
- Government considering amendments to Right to Information (RTI) Act
- RCOM registered complaint with ICAI against the special government-appointed auditor
- Tax burden of salaried increased as they have to pay taxes on perquisites as pre FBT norms returned back
- Pay tax on perquisites for the whole year in next three months, double whammy for taxpayers
- FBT replaced by perquisites, Government notified rules related to valuation of perquisites
- SEBI (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2009
- Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) Section 24- Investment in Government and other approved securities by Urban Co-operative Banks (UCBs)
- Commercial taxes department has conducted 298 raids from April to November this year
- Insurance companies, while settling third party insurance claims, cannot deduct tax at source
- Government notified rules for valuation of perquisites for the financial year 2009-2010
- Views solicited on the Indian Trusts (Amendment) Bill, 2009
- Simple understanding of GST
- Important Announcement on Empanelment in the panel prepared by Office of C&AG and Bank Branch Auditors’ Panel prepared by ICAI
- Non-Advocates cannot give legal opinions: Bombay High Court
- BSE, NSE will open at 9 a.m. from January 4, 2010
- Under “block of assets”, user of individual assets is not required: Delhi High Court
- Rescinds Notification No. 74/2009 – Customs, dated 22-06-2009
- Short term capital losses subject to STT can be set off against Short term capital gains not subject to STT
- Payments made by telecasting companies to satellite companies for telecommunication or broadcasting constitutes royalty
- The difference between the market price and the issue price of the ESOP is not an allowable expenditure
- Government approval not be required for paying royalty to foreign firms
- Government decided to hike the minimum wages to Rs 100 from existing Rs 80 per day
- Government can earn Rs 50,000 crore by faster disposal of tax related cases pending in various tribunals and courts
- Empanelment with SBI of audit firms for concurrent audit of treasury operations
- FAQ on tax deducted as source (TDS)
- CBEC amends Tariff Value of Brass Scrap and Poppy Seeds – Amendment in Notification No. 36/2001-Cus (N. T.), dated, 3rd August 2001
- SEBI Cir No. IMD/FII & C/41/2009 on allocation methodology of debt investment limits to FIIs
- Competition (Amendment) Bill, 2009 got the Approval of parliament
- Company Law in India – A Brief
- List of terrorist individuals/organisations – under UNSCR 1267(1999) and 1822 (2008) on Taliban/Al-Qaida Organisation
- Conversion of DTA unit to STPI unit – eligible for deduction under Section 10A
- Comprehensive insurance policy for vehicles covers the pillion rider: Delhi High Court
- PwC executive director Amrish Shah quits; could see major churn involving senior partners
- Modifications in the existing SEBI circulars for Mutual Funds
- Prudential Treatment of different types of Provisions in respect of Loan Portfolios
- Capital gain tax on Transfer of redevelopment rights?
- Income from Transfer of licensed software is not royalty
- Issues under Income Tax on Shares & Securities Transactions
- Tax on Services but What is Service
- Section 14A of and date of applicability of Rule 8D, allowability on interest on investment held as stock in trade
- Frequently asked questions on section 115JB related to adjustment of Depreciation, Capital gain, Prior period Expenses, Loss etc
- Mumbai CBI raids ex-Commissioner of Income Tax (Appeal), XIV
- I-T department scrutnising frozen demat accounts having balance in excess of 10 lakh as on December 2008
- MCA announced new parameters for scrutiny of companies, cash at bank vital parameter for scrutiny
- CBEC issued clarification regarding labelling and repacking etc. amounting to manufacture.
- Government will take inputs from various stake holders before giving final shape to DTC
- Finance commission recommend five GST exemptions, ONE GST rate of 12% and implementation from October 2010
- Even exempt capital gains are includible in “book profits”
- Department of posts to distribute new pension system
- Impact of counterfeit currency on National Economy is negligible
- Replacement of Parts, Machines etc., in a production System – Tax Implications
- Expenditure related to exempt income to be disallowed even if assessee has not earned any tax-free income
- Gains on sale of shares allotted under cashless ESOP plan not taxable as capital gains
- Tax paid by employer on behalf of employee is a non-monetary perquisite subject to single grossing up
- Penalty should not be imposed if full disclosure of the facts of the case made by the Assessee
- Payment made to foreign company for outright purchase of plant and know-how cannot be considered as ‘Royalty’
- Tenant given the power to select own builder in case of redevelopment
- Sales Tax Has Precedence Over Bank Mortgage
- Confirmation of particulars for compilation of firms data as on 1st January, 2010 and Information for Firm Constitution Certificate
- ICAI president awarded with the honorary membership of the Certified Practising Accountant of Australia
- e-704 frequently asked questions
- MAT will be eased for infrastructure companies in new DTC
- Indian company giving bank guarantee on loan taken by its subsidiary abroad will have to pay tax
- Government rewritten corporate governance rules and tighten norms for CAs
- GST unlikely to be introduced on April 1, 2010 as Constitutional amendment may take another five months
- Date for Completion of CPE Hours for the Calendar year 2009 extended
- ICWAI decided to increase cost accounting standards significantly within the next one year
- Even capital profits have to be added to “book profits” for s. 115JB
- Scrutiny Assessment under the Income-tax Act with Special reference to Annual Information Returns
- High-pitched assessments u/s. 147/143(3) of the Income-tax Act – Some remedies
- Essays on Tax Planning – Res Judicata
- Not Happy with right to information Act? File a complain with consumer forum
- Housing society redevelopment can not be done even if one member oppose, rules HC
- Ministry of Corporate Affairs to Observe a Nationwide ‘India Corporate Week, 2009’ from Tomorrow
- Government admitted existence of corruption at commercial tax department VAT check posts
- Government will review EET regime, MAT at 2% on Gross Asset value and proposal to tax charitable organisations
- Alcohol will not be out of GST
- India will not tax foreign funds at their point of entry
- SEBI asked asset management companies not to compel investors to get NOC for shifting of investment
- Direct Tax code (DTC) may be rewritten: FM
- Delhi government move to hike VAT from 4% to 5% putting unwarranted burden on the people: AITAF
- Minutes – section 195 – evidentiary value – company law in India
- Real Estate Transactions and Important VAT provisions
- Issue of F form for transactions effected prior to date of CST registration and Issue of the same between branches
- Income from Other Sources – Method of Accounting – Concealment Penalty – Provisional Attachment
- MAT, Clarification regarding add back of ‘Provision for diminution in the value of asset’ while computing book profit
- Empowering Central Government to enter into agreement with specified non-sovereign territories & Transfer Pricing
- Direct Taxes ‘Manufacture’ – Reassessment – Stamp Valuation – Service of Notice – Document Identification Number
- Post budget Weighted Deduction for in-house research and development
- Taxation of Limited Liability Partnership (LLP) – Remuneration to Partners
- Taxability of gift as Income from Other Sources u/s. 56 [2][vii]
- Dispute Resolution Panel – Housing Project
- Can sales tax department recover sales tax from buyer of Plant and Land of sick unit?
- Procedure- Issue of H form when dealer is registered in more then one state
- Important Issues relating to Real Estate Transactions under VAT
- Taxation of Limited Liability Partnerships (LLP) in India
- Government proposes to extend benefits of SEZ to food parks
- ICAI considering KYC norms to be followed by its members
- Market research and analysis unit in the serious fraud investigation office
- RBI Circular on KYC Norms, AML Standards and Combating of Financing of Terrorism
- Regarding anti dumping duty on Synchronous Digital Hierarchy Transmission Equipment originating in or exported from, People’s Republic of China (China PR) and Israel
- Regarding anti dumping duty on Cathode Ray Colour Television Picture Tubes originating in or exported from Indonesia
- Inclusion of After Sale Service and Pre-delivery Inspection Charges in the assessable value – Circular No. 909/29/09-CX
- List of Terrorist Individuals/Organisations – under UNSCR 1267(1999) and 1822(2008) on Taliban/Al-Qaida Organisation
- RBI Circular No. 19/2009 on External Commercial Borrowings (ECB) Policy
- Tribunal has inherent power to dismiss an appeal for non-appearance of appellant
- Airlines may be subject to a detailed financial audit
- Do principles governing company law differ from settled principles of law?
- Service Tax on Legal Services – Some Controversial Issues
- Amendments to Section 56(2) with respect to Deemed Gifts and transfer of movable & immovable property
- Issues arising out of & Implications of A & G Projects Judgment – The way out
- Critical Analysis of Inter-State Works Contract
- Opinion – Levy of VAT on Transfer of Assets
- Can karta of HUF sell ancestral immovable property with out the consent of other members, Right and relief to buyer?
- Sales in transit meaning, procedure, case Laws & Provisions
- Section 90A – DTAA – In case of agreements entered into between specified associations and adopted by Central Government for granting relief Specified territory and specified association
- Section 120 (1) and (2) of the Income-tax Act, 1961 – Income-tax authorities – Jurisdiction of Amendment in Notifications No. S.O. 732(E), dated 3-7-2001
- Section 10(39) of the Income-tax Act, 1961 Exemptions Notified persons, notified sporting events and Specified income
- Use of residential premises for professional/business/office purposes
- Government asked CBDT to put MIS system to track and recover Income tax arrears
- Government not in favour of supervision of commercial activities of banks by MPs
- Implementation of IFRS from April 2011 government sure, industry not so sure
- IBA seek government permission for banks to issue tax-free bonds to finance infrastructure projects
- SC held bank liable to compensate for payment without verification of signature
- After Retail Investor Sebi extended ASBA facility to corporate and HNIs
- ICSI recommended to fix the limit for maximum number of listed companies where one can be a director to seven
- India UK will discuss recognition to ICAI’s members by ICAEW and relaxation in Visa Norms
- Law of arbitration – company matters
- AAR on Prima facie satisfaction for initiation of penalty proceedings required even post-amendment
- Salaries paid by foreign company to its expatriates working in Indian branch office held to be allowable
- AAR on Payment for end to end international long distance telecom services not taxable
- Deduction u/s. 80-IB(10) on YOY basis to builders/developers showing profit on partial completion method
- Central Vigilance Commission asked to identify sensitive posts and rationalise transfer of the same
- ICSI submits recommendations to Shri Salman Khurshid to strengthen corporate governance framework
- Central Goods and Service Tax may be applicable on Businesses with more than Rs 10 lakh turnover
- Excise exemption to Himachal Pradesh and Uttarakhand under review
- HC will hear the issue of tax on stake sale in Idea Cellular by foreign companies
- Employee may continue Mediclaim policy taken by his employer after change of Job
- India can surpass China
- SEBI ask bourses to preserve records till the trial or investigation proceedings concludes
- Preservation of records – MRD/DoP/SE/Cir- 21 /2009 – SEBI
- RBI circular on AIFIs – Provisioning Coverage for Advances
- Amendments in notification No. 50/2003-Central Excise, dated the 10th June, 2003
- Income received by a non-resident businessman from services coming within S. 44BB is not taxable u/s 9 (1) (vii) r.w.s. 44DA
- Conversion of marble blocks into polished slabs and tiles constitutes ‘manufacture’ or ‘production’ u/s 80-IA
- Company Dispute Resolution Mechanism in India – A brief
- Is Redressel Under Section 397/398 of Companies Act, 1956 Effective?
- Expenditure on replacement of machinery is capital expenditure
- Payment for non-compete right is not an intangible asset eligible for depreciation
- DTC 2009 – Focus on Outbound investments from India
- The Direct Taxes Code Bill, 2009 – Minimum Alternate Tax on Companies
- The Direct Taxes Code (DTC) Bill 2009 – Capital Gains Tax
- Outright purchase of plant knowhow in the form of technical / engineering data, design, drawings is not royalty subject to withholding taxes
- Analysis of Circular no. 7/2009 issued to withdraw earlier circular pertaining to non-resident taxation
- Circular on Provisioning Requirement on Standard Assets for urban co-operative banks
- Preservation of records – NSDL and CDSL – Circular No. MRD/DoP/DEP/ Cir-20/2009, dated 9-12-2009
- Profession tax rate hiked in Delhi
- Assocham demanded uniform VAT structure of 8 percent for Petrol & Diesel
- RBI directed RRBs to disclose commission received from mutual funds and insurers
- Notification amending notification No. 6/2006 providing concessional rate of Central Excise duty on specified goods of Chapter 84-98
- RBI circular on Auction of Government of India Dated Securities Dated December 4, 2009
- Johnny and Service Tax Refund Part – VII
- Expenditure on convertible debentures held to be deductible
- Income-tax Ombudsman : An appraisal
- S. 90 Relief in computing TDS u/s.192
- Scope of clause (a) of explanation to S. 115JB —the amount of Income-tax paid or payable, and the provision therefore
- PWC chairman step down before the end of his tenure
- IT department opened New Aayakar Seva Kendra (ASK) at Chandigarh
- MCA plan to introduce XBRL as reporting language for its MCA 21 portal
- Clarification on issues related to reversal of cenvat credit on WIP/ finished goods written off in the books of accounts
- ICAI declared fresh date for polling in respect of booth captured
- Ministry of Corporate Affairs to Celebrate ‘India Corporate Week’ From 14th to 21st December
- Scope of appeals from ITAT orders u/s. 260A of Income-tax Act, 1961 and S. 15 of N.T.T. Act, 2005
- IT department keeping track of advance tax paid by the companies to increase direct tax collection
- FEMA – Summons issued by Enforcement Directorate in exercise of power vested in them cannot be quashed: Madras HC
- ICAI booth been captured during election voting
- On revision of tax treaty Switzerland will exchange details of bank accounts with India
- Tax dispute resolution Coverage, Scope, Problems, Challenges, Suggestions & Motive
- CBDT expecting 10-15% year-on-year increase in direct tax collections by December 15
- Assessments and Monitored Assessments under the Income-tax Act, 1961
- Disallowances u/s.14A of Income-tax Act
- Classical Accountancy to IFRS (A bird’s-eye view) Part II
- Classical Accountancy to IFRS (A bird’s-eye view) Part I
- Step-down Indian subsidiaries of multinational corporations — are these public companies?
- Transfer pricing Management fees — Are you following the best practices? Part II
- Transfer Pricing Management fees : Are you following the best practices? Part I
- Applicability of Service Tax on sale of computer software?
- Daughter’s right in coparcenary
- Accounting for financial instruments and derivatives
- Supreme Court decision in Dharmendra Textile Processors — Does it change the law on S. 271(1)(c)?
- Advance Ruling on taxability of profits from international operations of ships
- CBI given clean chit to PricewaterhouseCoopers (PwC)
- Taxability of ULIP and Insurance policy maturity amount under the DTC regime
- Taxability of second House under the Income Tax Act,1961
- Government looking for changes in RTI Act
- Form One person company (OPC) after implementation of the Companies Bill 2009
- Government may review / renegotiate DTAA with 76 countries
- Results of CPT Online Examination held on 21st & 22nd November 2009 has been declared on 7th December 2009 – (07-12-2009)
- Cost of granting stock options to employees is not deductible expenditure in the hands of employer
- BPO may be taxed in DTC as no provision in DTC to extend tax exemption benefit
- ED claimed to have proof of violation of FDI guidelines by Emaar MGF
- STT is applicable on Mutual fund trading and profit is taxable too
- No provision in DTC requiring filing of return of loss in time to carry forward losses
- Misuse of STPI Scheme for duty free import- CESTAT decision
- Scope of the expression Customized Software, standard software and exemption from Indirect taxes
- CESTAT decision – Service Tax on Management Consultant’s Services (MCS)
- Short-term capital loss from a transaction can be set-off against short-term capital gain from any transaction at the option of the taxpayer
- Profits arising on transfer of rural agricultural land are not liable to MAT
- Disallowance u/s 14A is to be made even when exempt income is not earned or received during the year
- Procurement of orders by South African company for Indian company on commission basis is not taxable in India
- Profit element on sale of DEPB, i.e., the amount in excess of sale proceeds over the face value is covered u/s 28(iiid)
- Penalty levied with reference to revised return is bad in law when the revised return has been treated as non-est
- Even under new s. 36 (1) (vii) assessee to prove that the debt written of was indeed a bad debt
- Brokers need to keep documentary evidence of financial details provided by clients :SEBI
- Consumer court awarded compensation of Rs 15 lakh to widow for medical negligence of doctors
- Write back of provision of bad debts, not previously allowed as deduction, is not taxable
- Royalty paid for certain rights, which are not in the nature of “make available,” can be charged to revenue account
- If certain activities are not realy services but more in the nature of stewardship/shareholder activities, the amounts cannot be taxed in India in the absence of a permanent establishment (PE)
- Reimbursement of custom duty by a non resident entity is not taxable u/s 44BB
- Over 30,000 tax litigations pending in ITAT, Most of them filed by department
- SEBI circular on dealings between a client and a stock broker (trading members included)
- Custom circular Rescinding Notification No. 62/2009-Customs, dated the 15th June, 2009
- Regarding anti dumping duty on ceramic glazed tiles other than vitrified tiles originating in or exported from China PR
- Circular Amending Notification No. 20/2006-Customs, dated 1st March, 2006
- Circular No. 824/1/2006-CX-Clarification regarding prospective implementation of orders
- Circular Regarding levy of service tax on‘business auxiliary service’
- RBI circular on Credit Information Companies (Regulation) Act, 2005- Circular No. UBD.BPD (PCB).Cir No.25/09.11.200/2009-10 Dated – December 3, 2009
- Marketing/Distribution of Mutual Fund/Insurance Products by Urban Cooperative Banks
- Changes to the Indian exchange regulations relating to the receipt and remittance of remuneration outside India
- Is rotation of auditors an answer to Satyam episode?
- Changing of law through issuance of circulars
- Section 50C of the Income tax Act — a tool to tackle menace of black money
- Independent Directors — Corporate governance in challenging times
- Worldwide Tax Trends Treatment of Tax Losses
- Corporate Governance and agency theory
- Are MAT companies liable to advance tax?
- Code of Ethics- Disciplinary Mechanism of ICAI-Part II
- Code of Ethics- Disciplinary Mechanism of ICAI- Part I
- Role of morality and estoppel in the delivery of justice
- Liability of Partners of Limited Liability Partnerships (LLP) — is it Limited?
- HR Management in the Accounting Practice
- Carry forward & set off of MAT credit u/s.115JAA & Allowability in the hands of amalgamated company
- Provident Fund contribution for International Workers
- Sue the accountant
- Basel II – Standardized Approach
- Delay in Income Tax refunds trouble tax payers most
- BSE made trading in mutual funds operational
- Public and Pvt sector insurance companies would continue cede 10% of their risks to GIC
- FDI applicants must furnish three years audited financial statements to FIPB: Revenue Department
- Govt may table bill in parliament to allow SBI to split its shares and issue bonus shares
- Indian banks do not have much exposure to Dubai World : RBI
- SEBI taken new steps to curb the misuse of client money by brokers
- MCA decided to put implementation of early-warning system on hold due to technical problems
- Maharashtra taxman wants GST to be implemented from April 2011 instead of April 2010
- Cost accountants may not be treated at par with chartered Accountants
- SEBI’s income from fees and other charges dropped by 46 per cent
- Government sanctioned 116 posts for the Central Information Commission
- Potential Voting Rights — Impact on Consolidated Financial Statements
- Interest on central excise duty refund is taxable under the Income Tax Provisions
- Government may get banks audited to check if they passed on the Interest subvention benefit to exporters
- Registration of political parties under section 29A of the Representation of the People Act, 1951
- RBI allowed foreign nationals working in India to take home entire post-tax salaries
- CIT Versus Baba Saheb Kedar Ginning and Pressing Cooperative Society Ltd. (Supreme Court)
- Know Your Customer (KYC) Norms/ Anti- Money Laundering (AML) Standards/ Combating of Financing of Terrorism (CFT)
- Radio broadcasters expressed concerns over the proposed move to introduce Section 33A in the Copyright Act
- Absence of tax free climate affected inflows of foreign investment in the shipping sector
- In a effort to maximise revenue CBEC ordered to reopen cases where Tax demand stayed
- Proposal for Mandatory PF to workers with a salary of up to Rs 15,000 a month instead of Rs 6,500 at present
- SEBI decided to compute limitation period for arbitration from the end of the quarter during which the disputed transaction was executed
- RBI allowed inclusion of technical write-offs while calculating provision coverage ratio
- Government may wind up MRTP Commission before 2011
- Central excise refund is taxable and distinct from profit derived from industrial activity
- Air passengers carrying large amounts of money can be detained by authorities for questioning
- Satyam ex-directors being prosecuted on issue of head count
- IT department raid on CA unearthed money laundering racket running into over Rs 1,000 crore
- MVAT Circular on periodicity or returns and Penalty
- MVAT circular on Filing of Refund Application in Form – 501 electronically
- RBI circular on Capital Adequacy – Risk weightage on Lending through Collateralized Borrowing and Lending Obligation (CBLO)
- ICAI Announcement regarding change in Polling Booth addresses
- Enforcement Directorate conducted searches at the premises of realtor Emmar MGF
- FM likely to retain EET (exempt-exempt-tax) principle proposed in the Direct Tax Code
- Method of Voting – ICAI Council Elections – 2009
- Clarification apropos incorrect designation used by a section of media for Shri R.Vasudevan, member CLB
- ICAI organizing Three Months’ Residential Programme on Professional Skills Development
- Direct tax collections register growth of 3.71% till November 2009
- ICAI president communication on derogatory mails
- Law Courses through Distance / Online Learning
- Salman Khan acquitted of tax evasion charges made against him
- Expenses incurred towards training cannot be termed as fee for technical services
- CBI recovered cash, FDRs and jewellery worth nearly Rs 1 crore from the residence of Vasudevan
- A study on Patent infringement Law in India
- Corporate governance meaning and Principals
- Can a CESTAT Member who has not completed probation can be relived from his duty without assigning any reason?
- SEBI Circular on Limitation period for filing of Arbitration reference
- IRDA seek exemption of Third Party Administrators (TPAs) from Tax Deducted at Source (TDS)
- Satyam Directors say that CBI report on Satyam fraud may not necessarily present financial position and liabilities of the company
- Post-Satyam Scam Forensic auditing on increase to track fraud
- CBI accused internal auditor with “willful suppression of auditing irregularities”
- Provisioning Coverage for Advances – Second Quarter Review of Monetary Policy for the Year 2009-10
- RBI circular on Credit Information Companies (Regulation) Act, 2005
- Establishment of Connectivity with both depositories NSDL and CDSL
- Financial Inclusion by Extension of Banking Services – Use of Business Correspondents (BCs) – Circular No. – DBOD.No.BL. 63/22.01.009/2009-10
- Debatable issues are not “mistakes apparent from the record” u/s 154
- No capital gains in a business reorganization if consideration not determinable. Transfer pricing law does not apply if there is no income
- Observance of ICAI Election Code of Conduct on the Date of Polling
- Appointments in Competition Commission of India
- Finance Act, 2003, which deleted second proviso to section 43B, will operate retrospectively w.e.f. 1-4-1988
- Johnny and Service Tax Refund Part – VI
- Low dividend or no dividend by a Company cannot be termed as oppression of minority shareholders
- Prerequisites for issue of valid notice for reopening of assessment under the Income Tax Act, 1961
- All overseas payments are subject to withholding tax, whether or not the income is taxable : Karnataka High Court
- Assocham asked to raise the tax exemption limit for Individuals to 4 lakh and for senior citizens to 5 lakh
- Code on corporate governance in a year’s time
- Government nominated Members of the Dispute Resolution Panel (DRP) on recommendations of the DGIT
- Merger of State Bank of Indore with State Bank of India (SBI)
- Investors can buy and sell mutual funds units like shares from 07th December 2009
- Govt. may provide Interest subsidy on education loan to student from weaker section for moratorium period
- Banks may seek time beyond the March 2011 to shift to IFRS
- RBI rejected appointment of auditing firm PwC as auditors for commercial banks
- Unlicenced moneylenders can’t recover their money by using legal ways
- Introduction of new entries in the Drawback Schedule and clarification on certain issues
- RBI Circular on Up-gradation of PDO-NDS application to Windows 2008
- Amendment in Notification No 103/2008-Customs (N.T.), dated the 29th August, 2008 – Determines the rates of drawback as specified in the Schedule
- KYC Norms/ AML Standards/Combating Financing of Terrorism/Obligation of Authorised Persons under PMLA, 2002, as amended by PML (Amendment) Act, 2009- Cross Border Inward Remittance under MTSS
- CBDT issues clarification on procedure for remittances abroad by diplomatic missions
- Safeguard the Constitution and its values – Mukul Wasnik
- ICAI president message on Environment Audit, Social Audit, KYC norms, GST, Corporate Forum, ICAI Elections, etc.
- IASB Exposure Draft of Limited Exemption from Comparative IFRS 7 Disclosures for First-time Adopters
- ICAI changed examination center in Mumbai for CPT exam to be held in December 2009
- 17 FDI proposal worth Rs. 4500 crore cleared by Govt. on recommendation of FIPB
- Allowability of depreciation on a plant which was ready for use but not used
- Determination of nature of fees received by a foreign company from its Indian branch
- Reimbursable expenses is not includible in value of taxable services
- Under the Revised Copyright Act one song may cost 1.50 lakh to Broadcasters
- Commissioners associated with transfer pricing orders will not be part of the alternate dispute resolution panel
- RBI unlikely to hike the exposure limit to a single corporate group
- Memorandum of instructions for ICAI election 2009 to the central and regional councils
- Dubai World meaning, reason for crisis, current scenario, effect on financial Market and banks
- Finmin rejected petroleum ministry’s proposal to give income tax breaks to first 7 Nelp rounds
- Dispute Resolution Panel (DRP) to resolve tax disputes of the foreign companies expeditiously
- Government decided to crackdown on defaulters of self-assessment tax
- CII recommended no client should exceed 10% business of audit firm
- Findings of ICAI in Satyam scam case given by Minister of Corporate Affairs in the Rajya Sabha
- ICAI request to Members in Industry serving in Non conventional Areas
- KPMG to represent banks who lent money to Dubai World
- KPMG named India’s indirect tax firm of the year
- Remittances to non-residents under section 195 of the Income-tax Act –remittances of Consular receipts – clarification
- Issue of No Objection Certificate for release of 1% of issue amount
- Happy thanksgiving to Indian GDP
- Funds behind Indian Browsers
- RBI will ask banks to provide details of their direct and indirect exposure to Dubai
- Convergence to IFRS by April 2011 as India is signatory to IFRS
- Success of transition to GST will depend on alignment with Indirect taxes
- Dubai crisis will not have much impact on our economy: Pranab Mukherjee
- Burden to determine “actual cost” of assets in accordance with law is on Assessing officer
- Applicability of Interest u/s 234B or 234C on taxable profit/book profit computed under section 115JA
- Receipt through banking channel not sufficient to prove genuineness of a gift
- Rent income from subleasing can not be taxed under the head `income from house property’
- AO not empowered to select head of income for computation of permissible deductions u/s 40(b)
- Taxability of ESOP up to 31.03.2000
- I-T relief for welfare contributions
- Life insurance policy and Protection to policyholders
- Need for Life Insurance
- History of General Insurance, Reform in the sector, General Insurance Products, Non –Life Insurance companies and IRDA
- Mere Expression Of Regret Cannot Be Interpreted As Admission Of Guilt
- KYC Norms/AML Standards/Combating Financing of Terrorism/Obligation of Authorised Persons under PMLA, 2002, as amended by PMLA (Amendment) Act, 2009- Money Changing Activities
- Compliance to be insured by ICAI election candidates , their authorised representatives and by members of ICAI
- Whether the ITAT was correct in law in deleting the addition of interest income from FDRs amounting to Rs.6,85,624/- under the head “Income from Other Sources” by treating it as business income
- Procedure for seeking clarification on policy issues relating to SEZ Act and Rules from Department of Commerce
- Guidelines for consideration of proposals for authorized operations by the BoA
- Circular on Setting up Private/Public bonded warehouse for diamonds and gemstones for import and re-export therefrom
- Exchange Rate notification for Import / Export of goods with effect from 1st November, 2009
- RBI circular on Auction of Government of India Dated Securities
- Memorandum of Instructions for Opening and Maintenance of Rupee /Foreign Currency Vostro Accounts of Non-resident Exchange Houses
- High Level Committee to Review Lead Bank Scheme – Providing banking services in every village having population of over 2000 by March 2011
- Circular on Augmentation of capital funds by issue of Long Term Deposits
- Practical guide to documentation for audit ,peer review, Financial Review and other assurance services
- Internal Audit of treasury
- Inspection and Investigation
- Highlights of the Sarbanes- Oxley Act of 2002
- SEBI circular on simplified Debt Listing Agreement for Debt Securities – Amendments
- Deloitte will treble its India headcount
- Justice Dilip Raosaheb Deshmukh took charge as new Chairman of CLB
- Before you choose avenues for tax saving -series II
- Tax saving habit–a change is required series-1
- Indian banking makes us jealous
- Where us economy is heading?
- Cheap Money Debt
- Convoluted Turbulenlence of Japan
- U.S. foreclosure threatens-world market
- India in Gulf’s ladder of investments
- If condition laid down under Section 80IA(10) are not satisfied that Sub Section cannot be invoked and no disallowance of deduction can be made
- Assessee entitled to claim bad debt even if his money lending business subsequently discontinued
- DTC likely be tabled in Parliament only in Budget Session
- Government planning to discuss M&A clauses with Competition Commission of India (CCI)
- Insurance Council opposed DTC proposal to tax withdrawal of insurance fund
- Proposal to pay salary to independent directors subject to attendance of 70% Board meetings
- ICWAI to drive adoption of cost accounting standards in SAARC region
- Interest on funds borrowed for acquiring controlling stake in a company not allowable
- Bankruptcy of the America is now certain
- SEBI relaxed norms for security, or the asset cover, required for issuing secured bonds
- Govt. will launch portal for online registration of birth
- Government allowed ICWAI to change its name to ICMAI
- Introduction of New Mutual Fund Service System (MFSS)
- Revised norms for execution of Bank Guarantee under specified Export Promotion Schemes
- Desert Storm
- Mumbai ITAT rules deductibility of PE expenses under India- Mauritius Tax Treaty
- Clarification on changes in profession tax rates
- Cashless hospitalisation schemes offered by insurance companies comes under the income-tax net
- Salary of Rs 14 lakhs in 1997 to employee of charitable Trust held to be unreasonable
- 71 additional Special Courts to clear backlog of CBI case
- Brokers oppose move to extend trading hours
- Convergence with IRFS only after addressing concerns of the industry
- Governments have no plan to further liberalize FDI in retail sector
- GJEPC suggested changes in proposed Direct Tax Code (DTC)
- RBI plans to set up working group to revisit the draft guidelines on credit default swaps (CDS)
- IBF criticised HRD ministry’s proposed amendments to the Copyright Act
- GST rate may be 12% instead of most believed 16%
- RBI Circular on Up-gradation of RTGS System to Windows 2008
- 20 year old undergraduate fetch the offer of 32 lakhs per Annum
- British engineers found new way to stop computer viruses in their tracks
- IT department to recover 1000 crore from infrastructure development companies
- Clarification on calculation of NFE as per Rule 53 of the SEZ Rules, 2006 for units in SEZ
- Convergence of G-20 on Modalities at WTO
- Crude Oil my touch $100 Per Barell
- Sliver make hay when the sun shines
- Future of Gold
- Advantage for China
- Deductibility of interest on funds borrowed for acquiring controlling interest
- IT seizures up 4.5 times in Gujarat in comparison to last year
- RBI Directions for opening and operation of Accounts and settlement of payments for electronic payment transactions involving intermediaries
- Getting Occupation Certificate (OC) a builder’s duty
- Company Law Board (CLB) will get a fresh set of members soon
- GST registration will be through uniform PAN-linked business identification number
- Consitution will be amended to introduce GST
- State governments to monitor violation of FDI regulation in retail sector
- Competition Act may include imprisionment provision
- Finance Ministry started the process of pre-Budget consultations
- Govt will no reinvestigations matters handled by arrested CLB member R Vasudevan
- Appointments of Hon’ble Sr. Vice President and Vice Presidents to ITAT
- Deduction U/s. 80HHC allowable while computing book profit even if there are no normal profits
- PricewaterhouseCoopers wins the “India Tax Firm of the Year” Award
- NSE will allow brokers to buy and sell mutual funds through its terminals
- Banks are instructed to accept cheques written in regional languages
- CDSL launched e-Voting System for Corporates
- Finmin set up working committee to review existing policy on foreign portfolio investment
- Johnny and Service Tax Refund Part – V
- Result of CPT Online (for Exam. held on 24th & 25th Oct. 2009) Declared
- TDS rates chart after 01st October 2009 for financial year 2009-2010 and download calculator for 2009-2010
- TDS rates for FY 2009-10 (01.04.2009 t0 30.09.2009)
- Income Tax department reopened Assessment of Indian Nationals on info from German Bank
- RBI appointed Dr. Subir Gokarn as Deputy Governor
- PWC asked for clarity on taxation rules regarding payments made for acquiring spectrum
- DIPP not in favour of unregulated investment in sectors with foreign investment caps
- Sorting / Processing of Notes – Installation of Note Sorting Machines
- Important Aspects of New VAT Audit Form -704
- Dispute resolution panels will allow MNCs to sort out their tax disputes in faster and cost effective manner
- Clarification on calculation of NFE as per Rule 53 of the SEZ Rules, 2006
- MVAT Circular on Clarification regarding levy of tax on cutting of transportation charges
- Notification on Applicability of TDS u/s. 194J of IT Act’ 1961 in the case of transactions by the TPAs with Hospitals etc
- Experts view on FM statement on Tax treaty renegotiation with 77 countries
- MVAT Notification on sales made to the diplomatic authorities and international bodies or organisations
- RBI guideline on Fair Practice Code for Lenders and EMI calculation methods
- MCA will provide training to its staff to check corporate frauds
- ICAI president communication regarding Election Code of Conduct
- ITAT gets four new VPs; R V Easwar becomes Sr Vice President; posted to Mumbai
- CLB chairman arrested by CBI for accepting bribe
- CBDT notified Constitution of DRPs in eight cities
- Income-tax department sent notices to six Mumbai-based third party administrators (TPAs) to Pay TDS for last two years
- Applicability of penalty u/s. section 269T of IT Act, 1961, when payment was made in cash but not exceeded Rs.20,000/- on a single day
- A.O. can rectify the intimation u/s 143(1) only to determine tax payable by assessee or any refund due to the assessee
- Penalty u/s 271(1)(c) can not be levied on ground of disallowance of deduction u/s 80HHC of IT Act, 1961
- Contractor not eligible for deduction u/s. 80-IA
- Confirmation of addition by tribunal does not mean concealment of income or inaccurate furnishing of particulars of income
- When CIT cannot exercise jurisdiction u/s 263 of Income Tax Act, 1961
- Allowability of interest expenditure on borrowed funds
- Company wise list of 70 cases handled by SFIO with Present status of investigation
- Assocham asked Centre to bring uniformity in entertainment tax rates
- Government may expand the scope of the existing tax refund scheme to Gold jewellery, glass art ware and handicraft exporters
- GST unnecessary criticism and genuine concerns
- CBI arrested Satyam’s Internal Auditor
- Questions we should ask to ICAI candidate seeking our vote: BCAS President
- Notification on Income-tax (Dispute Resolution Panel) Rules, 2009
- Exposure Draft on Financial Instruments: Amortised Cost and Impairment
- ICAI announcement regarding Receipt of wrong Bio-data of candidates
- Income tax raid on real estate developers, hoteliers, politicians
- Scope for rectifying Income Tax assessments limited: SC
- Vodafone seek time to reply Income Tax Department notice
- Tax profit on sell of license by new mobile operators at high rate
- Government considering proposal to impose a new tax on vehicle with low fuel efficiency
- Tax arrears increased to 2 Lakh crore
- Labour Ministry opposed the move to bring EPFO activities under service tax net
- Date of reckoning for limitation period provided u/s 154(7) of Income Tax Act, 1961
- Payment made for supply of technical know-how services for setting up cellular telecom services is capital expenditure
- Directing special audit without opportunity of being heard to the assessee is merely an irregularity and not an illegality
- Block of residential unit cannot be construed to be separate project for the purposes of section 80-1B
- Where a DTA is converted into an EOU, the exemption u/s 10B is admissible on getting approval as 100% EOU
- Allowability of exemption u/s 10(22) of IT Act, 1961 to a State-controlled Educational Society/Board
- Advance in ordinary course of business cannot be considered as deemed dividend U/s. 2(22)(e) of IT Act, 1961
- Payments for technical services are to be treated as ‘fees for technical services’ under Article 13(4) of Indo-French DTAA
- Annual Letting Value of house property under section 23(1)(a) of Income Tax Act, 1961
- Advance Ruling on taxability of an American company, having no PE in India, for technology transfer to an Indian company against consideration
- Deduction under section 80-1A is not dependent upon the assessee claiming or not claiming depreciation
- Section 240 of the IT Act, 1961 cast obligation on the revenue to effect the refund
- Amount disbursed by chit Fund Company to its members from their contribution cannot be treated as interest
- Taxability of a South Korean Company on basis of its Local office in India
- Allowance or deduction not made as per IT Act, 1961 will not come under sweep of section 41(1)
- AO can make addition on ground other then on which he reopened the Assessment
- Government exempt biris, matches and reinforced cement concrete pipes manufacturers from submission of the Annual Installed Capacity Statement
- Change your mobile operators without change of Number for Rs. 19
- CBI raided seven places of former Income Tax commissioner
- Direct Tax Code (DTC) may give a fillip to long-term life policies
- Johnny and Service Tax Refund Part – III
- Johnny and Service Tax Refund Part – IV
- ICAI Announced – e-Learning course on Transfer Pricing
- Special Economic Zone Authority Rules, 2009 Notified
- IT officer released on bail , joined back office
- IT department conducted Searches and Seizure in various states
- Lenovo removed wrong maps from laptops of Income tax department
- Joint committees at states level will be formed for inputs on the proposed GST
- CBEC slapped Rs. 1200 crore penalty notice on EPFO for evading service tax
- RBI asked bank and financial institutions to report suspicious deals within 7 days
- Securities Appellate Tribunal set aside charges of insider trading against former MD of Tata Finance
- RBI Circular on Money changing activities–Suspicious Transaction Reporting Format, Prevention of Money-Laundering Act
- Mumbai ITAT rules on taxability of waiver of loan
- Increase in Registration Fees is unconstitutional and without any reasons
- Notification imposing stamp duty on brokers working in Maharashtra and having office in other states
- RBI advisory asked banks to limit their mutual fund (MF) exposure
- GST unlikely to be implemented from 1st April, 2010
- ICSI proposes 7-Company cap on maximum number of directorship in listed companies
- Govt may introduce Governance code for unlisted companies
- Confiscation of goods cleared for home consumption
- Mens Rea in Taxation Offences
- Vigilant system to track corporate frauds
- Exposure draft of XBRL (eXtensible Business Reporting Language) Banking Taxonomy
- Department justified in invoking the proviso to Section 11A (1) of the 1944 Act where assessee deliberately declared branded goods under sub-heading 9403.00 of the CETA to avoid any enquiry in the matter by the Department
- TDS rates changed for rent and contracts with effect from October 01, 2009
- No Surcharge and Cess on TDS, in case of Non-Salaries
- Privatisation of tax administration
- Departmental Adjudication under excise laws
- Salary, corruption & accountability
- Waiver of the Principles of Natural Justice under excise laws
- 926 Branches of Public and Private sector bank authorised to receive advance income tax in Mumbai
- Insurance Law Amendment Bill and Banking Regulation Amendment Bill unlikely to taken up in the winter session of Parliament
- Main attraction of the Direct Taxes Code 2009, simplicity of the provisions
- Section 25 Companies, Charitable Trust, NGO, Societies under the purview of Prevention of Money Laundering Act (PMLA) 2002
- SEBI looking to cut IPO listing process time to 7 days from existing 20 days
- Income tax department unearthed undisclosed income of 35 crore in Rajasthan
- Excess insurance and transportation charges collected and includability of same in assessable value
- Karnataka High Court rules on withholding tax obligation for non-resident payments
- Branded Goods & SSI Exemption
- Service tax on foreign commission agent
- Right to information Act, 2005 and its applicability in Excise & Customs
- Right to consult an advocate during interrogation
- Right of an assessee when summoned
- Refund of Duty Deposited During Investigation
- Recovery of cenvat credit If the Process Does Not Amount to Manufacture
- Rajesh Kumar Sharma V. UOI [2007 (209) ELT 3 (SC)] (Miscarriage of justice)
- S. 195 / 201 liability cannot be avoided on ground of non-taxability of recipient
- Radhakrishna Synthetics [2007 (214) ELT 213 (Tri.)] (Judicial “License, Quota, Permit Raj”)
- Taxguru.in Mourns The Sad And Sudden Demise Of ICAI Past President, CA Rahul Roy
- TDS on purchase of software from non-residents – An unguided missile
- RBI circular on Marketing/distribution of mutual fund/insurance etc., products by banks
- RBI circular on combating Financing of Terrorism – Obligation of Banks under PMLA, 2002
- Combating Financing of Terrorism – Unlawful Activities (Prevention) Act, 1967 – Obligation of banks – Urban Co-operative Banks
- ICAI planning to introduce three-month mandatory training course after CA course
- E & Y Recommendations on key aspects of the draft Direct Tax Code
- Mumbai Larger Bench rules tax holiday not available to a contractor/executor
- SEBI nullified quasi-judicial orders of its own benches
- Announcement of dates for Empanelment of CA firms for the year 2010-2011 with C&AG
- RBI circular on RTGS System – Government Receipts
- Policy / Criteria for Empanelment of CA Firms with CAG office
- Govt asked UBI to get all its branches audited for high-value transactions
- FM likely to drop the proposal to tax religious trusts
- CBDT called for thorough review of the direct tax code
- Documents Required for Service Tax Registration
- Sole proprietorship in India- Meaning, Advantage, Disadvantage, Necessity
- Limitation period u/s 154 (7) for rectification begins from date of appeal order
- Analysis of First Discussion Paper on Goods and Services Tax in India
- Protection against Self-Incrimination
- Good transactions under Goods and Services Tax
- Fees for filing appeals or vakalatnama set to raise 20 times
- TDS on transportation charges when PAN not furnished
- View tax credit in form 26AS through Bank Login
- Auto Registration of PAN for Form 26AS for salaried on company request
- View Income Tax Refund details in Form 26AS
- RBI may soon issue new Norms on NPA
- Court not suppose to make roving enquiry into income escaping assessment
- Conversion of Shipping Bills and relevant legal provision for such conversion under the Customs Act, 1962
- Cenvat Credit when CVD is paid through DEPB?
- “DHARMADA” or Charity Amount not part the assessable value under the Central excise Act
- Everybody is presumed to know the law
- Interpretation of rule 16 of CENVAT Credit Rules, 2002
- Judicial Accountability for its Judgments
- Citizens and Persons under the Central Excise Act
- Cenvat Credit on Exempted Job Work
- Full Central Excise Exemption to North Eastern Units Restored
- Comments on New Direct Tax Code
- Can tribunal dismiss appeal for non persecution
- Rebate of Excise Duty in Area Based Exemption Scheme
- Cenvat credit of service tax paid on outward freight
- Property registration will cost 1% of the value of property in Maharashtra, removed ceiling of Rs. 30000/-
- State should be compensated for loss of revenue on implementation of GST
- Procedure to Set up a Branch Office in India
- Assessee’s rights against delay
- SC dismissed I-T dept’s plea to not allow French manufacturer capital gains tax benefit
- SFIO to begin Satyam prosecution soon: Khurshid
- SEBI likely to lower the fund management charges and introduce stricter compliance standards
- Powers of the Tribunal
- Procurement of Cheque by Department: Is it Legal?
- Discretion: Root cause of Corruption
- Custodial Violence (An enquiry into its causes)
- Binding Effect of Precedence & Contempt of Court
- Interest on irregular Cenvat taken or utilized
- ICAI permitted its overseas members to Vote by Post
- Income Tax department will send notice to companies who paid lesser advance tax
- Foreign Foreign companies or individuals, including FII can enjoy lower capital gain tax
- Federation of Gujarat Industries supported demand for rewriting the Direct Tax Code
- CBDT withdrawn circulars related to taxability of foreign companies and non-residents, engaged in specified business activities
- ICAI issued list of 400 companies for IFRS convergence by April 2011
- If the search warrant is in joint names, an assessment in individual capacity is void
- White Paper on GST
- CA firms under scanner for alleged role in scams involving Madhu Koda and his associates
- After Jaipur tragedy IOC started safety audit of all its operating depots, terminals and plants in the country
- Anti-money laundering Act: RBI tightens KYC norms for politically Exposed Person
- Major highlights of draft guideline on Goods and service tax
- Prevention of Money laundering Act, 2002 – Obligations of NBFCs in terms of Rules notified thereunder
- RBI circular on embossing of bank / branch name on locker keys
- Business Visa- Employment visa and Frequently asked question and answers on the same
- Taxability of Limited Liability Partnership (LLP) and Income tax provisions governing them
- Frequently asked question and answers on Automation of Central Excise and Service Tax (ACES)
- Service tax exemption to manufacturers of parts of cycles or sewing machines
- Section 132 of the Income-tax Act, 1961 – Search & seizure – Empowerment of authorities
- Clarification regarding Foreign Exchange earnings to be counted for redemption of EPCG Authorizations issued to Service Provider
- Coordination between internal and external auditors
- Electronic filing of service tax returns will be compulsory in next two months
- Block assessments can be reopened u/s 147/148 : Guwahati High Court
- RBI issued draft guidelines on Over the Counter (OTC) Forex Derivatives, Hedging and Freight Risk overseas
- Madhu Koda associate deposited 640 crore cash in one branch of Mumbai bank
- Procedure to form/incorporate Limited Liability Partnership firm in India
- Information Systems Audit (ISA) Course Assessment Test will be held on 19th December, 2009
- Brand Name for Packing Industry: – All is well that ends well
- Validity of re-opening when no concealment of income and department applied higher tax rate of tax for framing re-assessment
- Interest earned on margin money kept for providing bank guarantee is not exempt
- Only simple interest on refund of TDS/Advance tax if refund is paid along with interest within the prescribed time period
- Deductibility of TDS on demurrage charges payable to a foreign shipping company
- Construction activity is not manufacturing u/s. 35D of the Income Tax Act, 1961
- VVF Ltd. Versus Union of India (Gujrat High Court)
- Section 14A of IT Act applicable in respect of share of profit from partnership firm
- Amendment in Wealth-tax rule 3A related to Jurisdiction of Valuation Officers
- Power of AO to extend period for completion of special audit u/s 142(2A) of IT Act, 1961
- Determination of charge under section 115JB of Income Tax Act, 1961 for Zero tax companies
- Terminal allowance under clause (iii) of section 32(1) available only to power generating units
- SEBI allowed companies to auction their shares in a FPO to QIBs at differential prices above the floor
- ICAI asked candidates to desist from using the name of the Institute in their election campaign
- ICAI appealed candidates not to disturb voters much
- Assessee liable to pay interest u/s 234B & 234C even if income is computed u/s 115JA
- How to file return in ACES- Part-III
- India will renegotiate double tax avoidance treaties with 77 countries
- 1st Discussion Paper On Goods and Services Tax In India
- Instruction regarding judgement of Delhi High Court in respect of Service Tax on “Renting of immovable property”
- ICAI election procedure
- Empanel with ROC for Technical Scrutiny of Balance Sheets, COP not required
- Catholic churches worried about impact of direct tax code on them
- Goods & Services Tax (GST) Model for India
- Frequently Asked Questions and Answers on Goods and Service Tax (GST)
- SEBI proposed new guideline for Smaller companies IPO and for more disclosures from listed companies
- SEBI exempted SMEs from usual eligibility norms applicable for IPO
- FM’s speech at meeting of empowered committee of state finance ministers on GST
- RBI circular on frequent dishonour of cheques
- SEBI Board Meeting on SME Exchange and Amendments to ICDR Regulations/ Listing Agreement
- Share broker eligible to claim bad debts as expense while computing taxable income
- CBEC proposed to launch third party information system (TPIS) to tackle service tax evasion
- Class Action Lawsuit
- Government set to announce norms for taxation of fringe benefits taxable in the hands of employees
- No ceiling for managerial remuneration in Companies Law Bill 2009
- RBI circular on provisioning Requirement for Standard Assets (05.11.2009)
- SC will examine the issue of taxability of professional fees received by foreign law firms from Indian companies
- Income tax department considering publishing the names of tax defaulters
- Applicability of services for May and November 2010 PCE, IPCE and CA final examinations
- Proposal to give FM power to approve foreign investments of up to Rs 1,200 crore
- Govt. will assess the need for extending further stimulus for the exporting community
- Verification Status (As on 9 Nov 2009) – Professional Competency Examination June 2009
- ICAI extended due date for completion of 100 Hours IT training (09-11-2009)
- Indian job market not been as adversely affected by global recession as was being presumed
- SEBI allowed brokers to provide share market access to their clients through authorised persons
- Government planning to allow section 25 companies to set up higher educational institutions
- Shortage of tax experts led to a sharp rise in salary of tax experts
- Contractors cannot claim deduction on profits from infrastructure project
- ICAI denied media reports that is has withdrawn the notice issued to Price Waterhouse
- Restrictions on outbound remittance of royalties and lumpsum fee for transfer of technology to be relaxed
- Even under Rule 8D of S. 14A, disallowance can be made only if there is actual nexus between tax-free income and expenditure
- Circular on Applicability of indirect taxes on import of packaged software
- Exempts goods falling within Chapter 69 and heading numbers 94.01, 94.02 and 94.03 from 1.9.1987 to 28.2.1989
- Registration u/s 80G(5) of IT Act, 1961 can not be denied on the ground that charitable trust imparting education for fees
- Carry forward of MAT credit for how many years if there is contradiction between statutory provisions and circular issued
- Provisions of section 40 cannot be invoked where the income is to be computed under section 42 of the Act
- Applicability of MAT on amount withdrawn from revaluation reserve and credited to P&L account
- Applicability of TDS in case of Third Party Administrator (TPA) providing health insurance claim services.
- RBI Circular on Combating Financing of Terrorism – Unlawful Activities (Prevention) Act, 1967 – Obligation of banks
- New Online Facility from Central Board of Excise & Customs – Professional Opportunity for Members
- Scrapping the Apex Court decision on Scrap
- Leviability of service tax on Tour operator service in connection with Haj & Umrah pilgrimage
- MAT applicable on capital gains included in book even if same is not liable to be taxed
- If assessee deposited advance received as per agreement as required us 54EC, he cannot be treated as a defaulter for the same
- Allowability of exemption to partly charitable and partly religious trust
- When a part of the surrender can be accepted on proper explanation the rest can also be allowed to be explained
- Two Income tax officer caught red handed on CCTV trying to break fellow officer’s safe to steal files
- ICAI to issue fresh notice to PriceWaterhouse, Delhi after Delhi High Court objection
- Government discussing suggestions of stakeholders to modify direct tax code: FM
- FAQs for ICAI Members to become Members of ICAEW
- S. 80-IA (4) deduction is not available to contractors: ITAT Mumbai Larger Bench
- Indexed cost of gifted assets has to be determined with reference to previous owner
- Registration database of Service Tax assesses – Information required for updating under ACES
- Work distribution in Mumbai Service Tax Commissionerate- Streamlining of, based on name of assessee
- ICAI Committee for Members in Industry organizing Corporate Forum from 29th to 31st January 2010 in Mumbai
- Allowability of Interest liability discharged by way of issuance of shares
- Principle of Mutuality could be confined in respect of the income earned by the club from investments of its surplus funds
- Validity of notice u/s. 148 of the IT Act, 1961 by affixture when no material on record to show effort made by AO
- Court fees is payable as per section 253(6)(d) of the IT Act, 1963 in case Assessee is assessed to loss
- Constitutional validity of provisions of section 245HA(1)(iv) r.w. section 245HA(3) of IT Act, 1961
- Medico-legal reports cannot be refused under the RTI Act
- Form for Intimating the ICAI about Engagements Accepted (after submission of Multipurpose Empanelment Application Form for the Year 2009-10
- PWC approached Delhi HC seeking quashing of proceedings against it, Clean Chit from ICAI
- Profession Tax Amnesty Scheme for defaulters in Maharashtra
- S. 14A disallowance can be made with regard to partner’s share of profits
- CAG will do special audit of Reliance Industries expenses on eastern offshore KG D-6 fields
- Former Jharkhand CM Madhu Koda in Hospital, raids continued at his premises for the fourth consecutive day
- Corporate Affairs Ministry may soon introduce the concept of ‘knowledge test’ for directors
- MCA’s new mantra: B e a facilitator in corporate growth instead of just another regulator
- ICAI and audit firms against the power given to public sector banks to choose there own statutory auditor
- Profit may be the key condition for levying MAT in the final draft of the DTC
- Corruption in settling drawback claims: CVC asks CBEC to provide officers detailed checklists
- Formation & Taxation of Charitable Trust
- Section 10(6C) of the Income-tax Act, 1961 – Income arising to foreign company by way of fees for technical services – Notified companies
- Verification Status of Examination papers of Professional Competency Examination (PCE) held in June 2009
- Funds raised through initial public offers (IPO) will be under scanner for end-use
- Banks and housing finance companies under scanner for imposing penalty on pre-payment of loans
- No LTA for government staff using personal car or taxi as mode of transport
- MTNL offered new 3G prepaid connections for Rs 109
- False claim in return of Income would be treated as case of concealment of Income or of furnishing inaccurate particulars of Income
- Reopening under section 147 by the AO on the same set of facts, without there being any additional information, can only be considered as change of opinion
- Where fair market value of the capital asset under transfer is less than the valuation as per Stamp value Act
- Jurisdiction of AO to proceed with assessment under section 147 of IT Act, 1961
- Revised return which is a defective return filed under any of the provisions of the IT Act can be rectified
- True character of receipt in the hands of assessee can not be judged by utilization thereof
- Depreciation is mandatory for claiming deduction under Chapter VI-A of Income Tax Act, 1961
- RBI circular on Inoperative savings and current account
- Relaxation of the due date for the uploading of e-returns for the period ending September 2009
- Reserve Bank of India will soon issue guidelines on provisioning rules
- Goods and Services Tax may not be applicable from April 1, 2010
- Special court in Hyderabad for trial of the Satyam scam
- Income tax department issued notice to vodafone
- Understanding the Budget process
- Valuation of Business
- World’s biggest accounting scandals (Other then Satyam)
- ICAI President’s message to CA community for November 2009
- Center will re-look notification restricting excise duty exemption of industrial units in North-East region
- Companies Bill, 2009 will have provisions for Class Action suits which will allow investors to seek compensations from companies
- Court granted bail to arrested income tax commissioner from Nagpur,
- Johnny and Service Tax Refund Part – II
- Johnny and Service Tax Refund Part – I
- Income Tax department Requests MCOCA court not to defreeze accounts of Hitesh Bhagat until they can recover dues
- Income Tax (I-T) Department issued fresh notice to realty major DLF
- Final ca old course extended by 2 more attempts
- Shipping income derived from international operations is outside the purview of the Indo-Swiss Tax Treaty
- Wealth-tax not Chargeable on Urban Land excluded from the ambit and expression of Urban Land
- Addition can not be made merely on the basis of assumption
- Transfer of share completes when the share certificate along with duly executed transfer deed is handed over to the transferee
- Genuineness of a gift transaction depend on immediate source of the gift
- Computation of undisclosed income in case no incriminating document was found during search
- 30 per cent of the 80,000 public limited companies not filing their annual returns
- Information Technology (Amendment) Act, 2008 Comes Into Force
- RBI hikes statutory liquidity ratio (SLR) by 1%, leaves key rates unchanged
- Auto Empanelment with ROC of those who already applied for the Multi-purpose panel for the year 2009-10
- Procedure to know CIBIL credit information report
- Exemption to taxable services referred to in section 65(105)(zzzza), in relation to execution of a works contract related to canals
- MVAT circular on extension of date for filing refund application electronically
- Customs Circular on Procedure for import of diamonds for certification and grading and re-export
- Central Excise Notification on exemption of packing material with brand name or trade name of another person
- IT dept sending email on Quality of Data and Matching of TDS / TCS Claims in your E-Return
- MCA asked ICAI to seek information from the foreign firms operating in India
- Soon stock market may be work from 9 AM to 5 PM
- CBI arrested Income Tax Commissioner and his wife
- CBI raid DOT offices for irregularities in awarding 2G spectrum licenses resulting in revenue loss of more than Rs 20,000 crore
- Once the taxable service is exported and various input services have been utilized for providing the output service the service provider is entitled for the rebate
- TDS u/s 194A of the Act is to be paid by the recipient in respect of the interest income on the delayed payment
- Penalty under Section 271(1)(c) of the Income tax act, 1961 is neither criminal nor quasi criminal but a civil liability
- Loan “waiver” does not fall into either of the three terms “subsidy”, “grant” and “reimbursement”
- How to file return in ACES- Part-II
- Withdrawal of circular related to taxability of income accruing or arising through, or from, business connection in India to a non-resident
- Single window help desk for Chartered Accountants in Service / Industry relating to Membership in ICAI
- Discount can not be treated as brokerage or commission u/s. 194H in the absence of existence the relationship of principal and agent
- RBI circular on submission of certificate from Statutory Auditor to the Bank on NBFC Audit
- Circular on Classification of Textile quilted products like Quilts, Quilted bed spreads, etc for excise duty
- Affidavit must for gift in kind, over Rs. 50,000, from relatives
- Fee for use of satellite is “royalty” under Act & DTAA
- No “succession of business” u/s 170 even on 100% sale of shares
- ICAI announced Change of Examination Centres for November-2009 CA Exams
- ICAI announced final list of candidates from Western and Central region
- Change in method of valuation of closing stock allowed if such change is bona fide and assessee has proper reasons for such change
- Availability of exemption u/s 54F on acquisition of land appurtenant to the building or on the investment on land on which building is being constructed
- True basis of depreciation allowance is the character of the asset not the description of the same
- CLB cannot exercise its inherent powers to pass orders without jurisdiction
- Applicability of Service tax on billing and data processing done by CA firm for Power Distribution Company
- Government made available the facility for online registration and filing of Excise and service tax returns
- ICAI reports on Satyam have nothing new apart from repeating charges made by the CBI
- SEBI guidelines for setting up stock exchanges exclusively for SME soon
- Circular on value for payment of excise duty if goods are manufactured on job work basis
- Press Release on Economic Outlook for 2009-10 :- Highlights
- Income From Other Sources- Section 56 (2)(Vii) Unequal treatment of all equals
- Burden to prove identity, creditworthiness and genuineness of cash credits under section 68 of IT Act
- No penalty under Expl. 7 to s. 271 (1) (c) for bona fide transfer pricing adjustments
- MP Government likely to challenge GST in Supreme Court
- Taxpayer of 10 more cities will get Income Tax Refund directly in their bank account
- CBDT suggested abolition of MAT and continuance of tax benefit on savings in new Direct Tax Code
- AAR on taxability of income from execution of contract in India by German company, having no PE in India
- Section 54F exemption cannot be availed if there is a house in existence on the date of transfer
- No disallowance u/s 43B if deduction not been claimed by the Assessee in respect of sum payable by way of tax or duty
- Satisfaction of the AO and determination of Expenditure in relation to income which is not includible in total income
- Applicability of TDS on payment made to legal advisors at Hongkong
- Levy of penalty under section 158BFA (2) on undisclosed income returned for non-payment of tax thereon
- Undisclosed income of the partnership firm can not be assessed in the hand of the partners
- Leviability of Penalty under section 271D if Assessee have reasonable cause for borrowing in violation of section 269SS
- If assessee has no enforceable right to receive interest then there can not be accrual of income
- Expression Marketing under section 80P(2)(a)(iii) of Income Tax Act, 1961 includes processing
- Change in method for Valuation of closing stock should be bona fide
- Allowability of interest due and payable to financial institution u/s. 43B of Income Tax Act, 1961
- ICAI Announcement related to admit card for CA Examinations to be held in November, 2009
- New Tax Code – Favouring the Millionaires and Bullying the Others
- New direct tax code for salaried persons
- New Direct Tax code and the investors
- New Tax Code and Corporate Taxation
- Revised procedure for acceptance of address proof alongwith PAN application
- How to file return in ACES- Part-I
- No Change in schedule of Chartered Accountants Examinations, November, 2009
- ICAI annoucement regarding service tax for November, 2009 Examinations
- Department of post launched new service to enable customers to trace their mails through SMS
- CA seek investigation into his alleged extortion
- Agreement for Avoidance of Double Taxation and Prevention of Fiscal Evasion with Government of Grand Duchy of Luxembourg
- Indo-American doctor convicted for $16 Million tax evasion
- Under GST regime import will attract Goods and service tax
- RBI Circular on display and distribution of list of defaulters and suit-filed accounts
- From October 15 Maximum withdrawals at once from other banks ATM Rs. 10000/- subject to maximum of 5 withdrawals in a month
- Government planning to cover LLPs under FDI norms
- Video recording of a will is legally admissible evidence: Delhi HC
- RBi Circular on Payment of interest on Saving Bank Account on a Daily Product Basis
- ICAI seeks information about the association of its member institutions with foreign auditing firms
- The Government planning to establish regulator for ‘insolvency professionals’
- Ca from Delhi commit suicide
- Non-reference by ITAT of cited judgements is not an apparent mistake : Madras HC
- Section 54 merely required purchase of new house within the specified period, source of funds for the purchase is irrelevant
- Levy of Goods and Services Taxes from 1 April 2010: Preparedness of Taxable Persons
- Stock Exchanges need prior approval from SEBI for re-commencing of trading
- IMP Judgment by Supreme Court on Applicability of ESI Act, if not reviewed, can create havoc
- CIT Vs Hybrid Rice International Pvt. Ltd.) Delhi HC)
- Depreciation allowable even if asset not used at all for entire year: Mumbai High Court
- Govt Committed to Inclusive and Equitable Growth: FM
- Critical Areas on Direct Tax Code for Detailed Examination Identified: FM
- Validity of reopening of Assessment If Assessing Officer failed to disclose the basis on which he formed the opinion that income chargeable to tax had escaped assessment
- Provision of Limitation Act, 1963 not applicable to Limitation Period specified for filing appeal under Section 260A (2) of the Income Tax Act, 1961
- ICAI announcement regarding Election Code of Conduct
- Applicability of Minimum alternate tax on Revaluation Reserve credited to profit and loss account
- The depreciation cannot be taken as ‘notionally allowed’, but only as ‘actually allowed’
- Allowability of deduction u/ 10B to company engaged in business of contract research and in providing of laboratory facility to its parent company in USA
- Taxability of Sale Proceed of Assets Purchased before introduction of block concept and sale thereafter
- Losses could not be ignored in determining the applicability of exception clause of Explanation to section 73
- RBI Circular to RBs – Priority Sector Lending Categorisation of activities under service under the MSMED Act, 2006
- New Guidelines on requirement of employment visa for Foreign Nationals working in India on Projects
- Soon CAs doing ICAEW will enjoy exemption of papers of ICAEW
- RBI Circular on Advance Remittance for import of Services
- RBI Circular on Issue of Bank Guarantee on behalf of service importers
- Income tax department not sending any mail regarding IT refund
- NCAS will soon play the Supervisory role of both accounting and auditing standards
- Government will soon empowered to incorporate in the Companies Act any changes in accounting standards
- ICAI planning to introduce sector-specific accounting standards by early next year
- An order passed without discussion is liable for reopening
- Job Work, Cenvat & Litigation – Good Job for Consultants
- ICAI -President’s Message dated 01.10.2009
- ICAI condemns the report in the Livemint newspaper titled ‘ICAI wings clipped over Satyam Scam’
- Revised Procedure for on line submission of application for obtaining registration under the MVAT Act, 2002
- Instruction – E- Application For MVAT Registration
- Section 120(1) and (2) of the Income-tax Act, 1961 – Jurisdiction of income-tax authorities
- Section 118 of the Income-tax Act, 1961 – Control of income-tax authorities – Notified subordinate officers
- Section 117(1) and (2) of the Income-tax Act, 1961 – Appointment of income-tax authorities – Notified officer
- ICAI likely to restrict the number of entities an audit firm can register
- CEO of ICWAI been fined for failure to give timely information under RTI
- MVAT – Electronic Filing of Audit Report in Form -704
- MVAT circular on Periodicity of return filing for the period 01.04.09 to 31.03.10
- Proviso to s. 2(15) does not apply to incidental services rendered without profit motive
- Government launched 1% interest subvention scheme on housing/home loans up to Rs.10 lakhs
- Web Designing & Hosting -Capital or Revenue Expenditure
- Rate of service tax on contract entered after July 7th, 2009 where the developer supplies steel and cement free of cost to contractor
- Announcement for Students appearing for the Professional Competence Examination (PCE) for November, 2009
- Instructions for filing of from no. 704 related to MVAT audit and download form 704
- The CBEC has launched ACES (Automation of Central Excise and Service tax) in Bangalore from 30th Sept 2009
- Insurance companies asked government to tax only policies sold after March 2011
- Guidelines for Foreign investment in Commodity Exchanges
- Police in Hongkong raided Ernst & Young amid fraud probe
- Gifts of property (gifts-in-kind) above value of rs.50,000 become taxable from 1st October 2009
- ST notification exempting service provided during the course of manufacture or processing of alcoholic beverages
- Service tax notification on Export of Services (Second Amendment) Rules, 2009 – Amendment in rule 3
- Service Tax notification on Taxation of Services Provided from outside India and Received in India
- RBI Circular on Payment of Interest on Savings Bank Account on a Daily Product Basis
- Documents for IPO of Rs 50 crore or less can be filed with the regional SEBI offices
- E-filing of Sales tax returns been challenged in Kerala High Court
- High Court has no power to condone delay in filing the appeal,
- ICAI found two former auditors of Satyam Computer ‘guilty
- MCA decided to scrutinise the account books of all registered companies
- SEBI asked BSE to improve its technology platform before listing of its own shares
- MVAT circular on Procedure for on line submission of application for obtaining registration under the MVAT Act, 2002
- Will Government extended due date for filing Income Tax Return?
- In mercantile method of accounting allowability of expenditure depend on liability to pay
- FAQs on applicability of Surcharge and Cess on TDS after budget 2009 and on new TDS rate
- FAQ on the Exemption/ Refund Scheme for Exporters
- Rating cannot be construed as a substitute for an exhaustive audit or a fraud detection
- Income Tax Search at oldest and richest realtors of Mumbai
- Judgement holding s. 43B (f) (leave encashment) as unconstitutional stayed
- Due date for filing Income Tax Return been extended by one month in Pune, Sangli and Kolhapur
- Loan waived by lender is not taxable in the hand of borrower
- Section 143, read with sections 234A to 234C, of the IT Act and articles 12 and 7 of the DTAA between India and USA
- Two separate agreements to purchase a flat having two separate numbers do not mean that they are two residential units
- Derivatives in which underlying asset is shares, will fall within the meaning of ‘commodity’ used in Sec. 43(5) of the Act
- SEBI issued new code of conduct for intermediaries, including distributors of mutual funds
- Concept Creations Vs Addl. CIT (ITAT Delhi Special Bench)
- Supreme Court admitted petition on applicability of service tax on selling of mutual fund products
- ICAI requested for extension of due date for filing of return of Income
- ICAI – Announcement for panel for outsourcing of work of Technical Scrutiny of Balance Sheets
- Government proposal to constitute a supervisory mechanism opposed by ICAI, ICSI and ICWAI
- Amendment in Electronic Furnishing of Return of Income Scheme, 2007
- In determining head for profit/loss on sale of shares intention of Assessee also need to be look into
- Activities related to freight forwarding cannot be brought under CHA Services
- Income Tax Refund for A.Y. 2008-09 may get delayed
- Listed companies may soon have to get done Quarterly cost audit
- Merchant Overtime Fee- Dispute on overtime
- Allowability of interest on borrowed funds advanced to subsidiary company
- Payments made to retiring partners not allowable as it is application of firms income
- Allowability of depreciation on stock exchange membership card
- Renovation expenses incurred on leased premises and Allowability of same as revenue
- Co-operative credit society is not a co-operative bank and not entitled to any deduction under section 80P(2)(a)(i) as a bank
- Ayurvedic doctor can claim deduction under section 80R even if he was not having permission to practice in foreign country
- IT exemption u/s 11 cannot be denied merely on the grounds that the assessee serves alcohol in the club
- Is it time to migrate to LLP Structure?
- Introduction of Interest Rate Futures- NBFCs
- RBI circular on Priority Sector Lending -Categorisation of activities under service under the MSMED Act, 2006
- RBI approval required for acquisition/ transfer of control of NBFCs accepting deposits
- Companies Bill 2009: Governance, Accountability & Role of Company Secretary
- Income-tax department unearthed a major scam involving duping of 60,000 customers
- Amendment for Cenvat on Building Material : Far from solutions
- Special Economic Zones Act, 2005: An overview
- Knowledge Process Outsourcing: An Overview
- Leveraged Buyout (LBO): An overview
- Email Etiquettes: Email Rules which we should follow
- Disclaimers and Fine Prints in the Era of CRM
- Understanding ‘Dollar – Rupee Relation’ amidst current financial crises
- Meaning, reason and legal provisions related to Hostile Takeover
- Brief Study of The Right To Information Act, 2005
- New centrailsed system for processing excise and service tax returns by the end of this year
- CVC disclosed names of 123 corrupt government officials
- Stricter Permission process for pursuing a course alongwith articleship
- Share brokers are eligible to claim bad debts as expense
- Career Opportunities in Mutual Fund Industry
- Career & Job–Are these two different?
- Carbon Credit: A Market Based Instruments (MBI) for Environmental Benefits
- Basel Norms and Indian Banking System
- Announcement regarding extension of Last date for submission of Nomination Forms: ICAI
- IRDA proposes to come out with disclosure norms for IPO by insurance companies by this month
- Government will not provide any new sop to exporters in next fiscal year
- SEBI asked mutual fund to get their systems audited at least once in two years
- RBI extended interest subvention of 2% on rupee export credit for a further period of six months
- RBI Circular on Agriclutural Debt Waiver and Debt Relief Scheme, 2009 – Prudential Norms
- ITAT Mumbai benches not functioning for the period from 22.09.09 to 25.09.09
- Government approved setting up of new National Institutes of Technology (NITs)
- Sneak peek into the ‘Secretarial Standards’
- Clauses Make Agreements Flawless
- Towards a Greener Environment Carbon Credit – For Environmental Management
- Co-Relating Economics and Law
- RBI named 7 MLM companies involved in operating ponzi schemes
- State Governments finally agrees to GST
- E-COMMUNICATION – A Serious Thing
- ICWAI council approved CAS 7 & CAS 8
- RBI Press Release on Restrictive practices while accepting bank notes
- Government would come up with a roadmap to help companies to adopt IFRS
- KPMG accountant jailed
- income Tax raided NCP leader having stake in Sunil Hitech
- Acquirer has a right to protect his investment/business from competition by a seller of the business
- New Companies Bill 2009 likely to provide more power to SFIO
- RBI circular on Finance for Housing Projects –Disclosure of Information on Mortgage of Property
- Dual Listing meaning, problem & reasons for the same
- Income Tax department recovered documents of tax evasion worth crores of rupees
- Resigned Members & Members who retired before 3.6.2009 can practice before the ITAT
- ICAI asked for suggestions/views/comments on Companies Bill, 2009
- Intention of landlord material factor in deciding head of income derived by a landlord from hirers of his office space
- Future option income (F&O) can not be set off against speculation Loss
- No addition can be made on the basis of mere statement recorded during survey
- HUF can’t claim deduction u/s. 54F for property purchased by Individual in his individual capacity
- Depreciation on discarded machinery allowable, if used for business purposes in earlier years
- Writ petition can be dismissed even if the alternative remedy is available to the petitioner under SEBI Act, 1992
- SCODA proposed disclosure of audited balance sheet on a half-yearly basis by listed companies
- Discussion paper on proposals relating to amendments to the Listing Agreement
- SEBI Committee recommended mandatory rotation of Partner doing audit of listed company
- All-in-one PC maintenance tool for free
- Common reasons for non receipt of confirmation or rejection of your IT Return
- TPAs may deduct tax from hospital bills paid for treatment of subscribers in cashless systems
- Taxability of Pick-Up and drop facility provided by employers?
- CIBIL frequently asked questions (FAQ) and answers
- Interest under section 234A, B and C are mandatory in nature and no discretion is vested in the Assessing Officer
- What is to be assessed as income from lottery is only the actual income received and not any notional income
- If Assessee able to cure the defect in the Return then it will be valid return otherwise it will be invalid
- Complain to SEBI must contain person sought to be arraigned was in charge of the affairs of the company
- Voluntary retirement compensation and chargeability to tax if payment is stretched over a period of years
- Assessee entitled to Cenvat credit on inputs utilized in the generation of electricity to the extent to which they are using the produced electricity within their factory
- Cashless ESOP benefits are not taxable : ITAT Mumbai
- Govt. Launched website of Copyright Office providing facility of on-line filing of copyright applications
- ICAI president written Letter to RBI regarding Procedure for allocation of Central Statutory Audits of Public Sector Banks
- ICAI denies news item entitled “ICICI Bank’s Rs. 10K-cr bad loans under lens“ Published in ET
- ICAI requested RBI to re-audit bad home loans sold to ARCIL by ICICI bank for irregularities
- e-payment of stamp duty in forms of ROC and frequently asked questions (FAQ)
- Assessing officer not having reason to believe that the seized cash represented the undisclosed income and rejection of application for release of the same
- Assessee can not claim Indexation benefit on Indira Vikas Patra (IVP) on receipt of payment of the same
- Assessee maintaining books of accounts only can claim deductions, allowances and rebates provided in-the Statute
- TRO may enquire in respect of benami property for recovering the outstanding demand of the assessee
- Status of private limited company if shareholders exceed 50 and importance of records of ROC
- ICAI announced Last date for Application for permission to vote by post
- ICWAI to be renamed as Institute of Cost and Management Accountants of India (ICMAI)
- Comparison between SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 vis-à-vis the SEBI (Disclosure and Investor Protection) Guidelines, 2000
- Property Law: Frequently Asked question (FAQ)
- ICWAI urges government for more regulatory powers
- Rescission of Notification No. 28/2009 – Service Tax, dated 31-8-2009
- Income Tax (IT) raid at HDIL , admitted tax evasion of more than 300 crore
- SEBI appointed committee recommended limiting the period for participation by QIBs in the IPO to 2 or 3 days
- Stock Exchange card is not an intangible asset eligible for depreciation U/s. 32 (1) of the Income Tax Act 1961
- Renting of Immovable Property
- No addition could be made solely on the basis of material found in the possession of third party
- Allowability of expenses towards penalty and damages in compensatory nature
- Deduction U/s. 80HHF available on sale not on Production or mere allotment
- Liability can not be added to income just because they are old or not proved genuine
- Allowability of depreciation on non-compete fee u/s. 32 of the Income Tax Act, 1961
- Principle of mutuality applicable when there is complete identity between the contributors and the participators
- Notice of Non-functioning ITAT Mumbai Benches for the period from 14.09.09 to 17.09.09
- Scheme for Filing of Statutory Documents and other Transactions by Companies in Electronic Mode
- Empanelment with ROC for Technical Scrutiny of Balance Sheets & Format of Agreement
- Generate Audit Report in 3CD form with Tally.ERP 9 – Auditors’ Edition
- Cost Inflation Index for FY 2009-10/ AY 2010-11
- Evidence gathered during a 1992 I-T raid at premises of Bhupen and Milan Dalal goes missing
- Kerala rolled out e-payment facility for VAT dealers
- RBI circular on Collection of Account Payee Cheques – Prohibition on Crediting Proceeds to Third Party Account
- Recognition can not be denied U/s. 80G (5) only on the ground that the particulars of donors are not provided by Institution or fund
- Agricultural land which is gifted cannot be taxed as income from other sources
- Payment made in cash for purchase from local producers either directly or through their agents and disallowance of expense u/s. 40A(3)
- Revision under section 263 of IT Act, 1961 is not reassessment
- Issue decided on merit cannot be construed as decided on the basis of mistake apparent from the record
- Eligibility of deduction under section 80P on Profit to society from storing of trading goods
- AZS Media Group launched world’s first Islamic search engine
- Taxation of Limited Liability Partnership (LLPS) in India
- Expenses incurred by a company in relation to advertising and promoting a brand owned by it would be eligible for input tax credits
- IRDA issued norms for transfer of Agents between insurance companies
- Requirement and procedure for obtaining commencement of business certificate
- Service tax exemption to five more export promotion councils
- Department filed appeal in high court against pharma companies not deducting TDS on contract manufacturing
- Oil & gas service providers not been provided benefit of presumptive taxation in DTC
- Roc issued New Version of many online filing forms
- Scheme for Filing of Statutory Documents and other Transactions by Companies in Electronic Mode -S.O. 2276(E) – Dated- 07.09.2009
- G.S.R. 642(E) dated – 07.09.2009 – Re-Companies (Electronic Filing and Authentication of Documents) Amendment Rules,2009.
- IT department facing criticism for showing national flag in its advertisement
- Government considering a proposal to raise the tax exemption limit for transport allowance to Rs 3,200 a month from Rs 800
- IT dept not happy with stripping of CBDT power to issue certain orders, instructions, directions and circulars in DTC
- Meaning of Shariah index and reasons for the creation of such indices
- Acquisition of unlisted foreign companies by Indian corporates will be scrutnised by Income Tax Department
- ICWAI recommended compulsory cost audit of all companies
- Provisions contained in Companies Bill, 2009 related to the profession of Company Secretaries
- Management in India not sufficient ground to deny exemption from tax to a company based outside India
- Government planning confiscation of assets of tax defaulters
- ICAI announced Constitution of Committee on Electoral Reforms
- CBDT ordered scrutiny of certain type of receipts, Companies deferring TDS transfers & others
- LLP act provides lot of benefit to foreign investors
- Income Tax gazetted officers and employees threatened to strike work on September 9
- ICAI not submitted its report on Satyam even after seven month of fraud
- For s. 47(v), share capital of the subsidiary need not be “held” in the name of the holding company
- Depreciation on goodwill is allowable under the Income Tax Act, 1961
- Section 145A have disabled the assessee from frequently changing the method of valuation of the stocks
- Treatment of profit on sale of shares when Assessee hold shares for more then 12 months
- Taxability as perquisite of Transport facility provided to an employee from his residence to office and vice- versa
- For proving a gift to be genuine Assessee need to prove existence of natural love and affection
- Allowability of deduction u/s 33AC to the Assessee using ships/barges owned by the third party
- Circular on Power to grant exemption from Service tax
- CA student can submit there details on white paper instead of Examination form
- Opportunity to Newly Qualified CAs to participate in Campus Placement Programme
- P.S.G. & Sons Charities for the unit P.S.G. College of Technology, Coimbator approved under section 35 (1)(ii) of the Income tax Act
- Centre for Development of Advanced Computing, Pune approved under clause (ii) of sub-section (1) of section 35 of the Income tax Act, 1961
- RBI circular on extension of last date under Agricultural Debt Waiver and Debt Relief Scheme, 2008
- RBI circular to Stand-alone Primary Dealers – Enhancement of Minimum Net Owned Funds
- RBI circular on Stand-alone Primary Dealers – Increase in Call/Notice Money Borrowing Limit
- RBI circular on display of information regarding Local Level Committees
- RBI circular on Payment of interest on Savings Bank Account on a Daily Product Basis – UCBs
- Agricultural Debt Waiver and Debt Relief Scheme, 2008– Prudential Norms on Income Recognition, Asset Classification, Provisioning and Capital Adequacy
- RBI circular on Section 6 of the Banking Regulation Act, 1949 as Applicable to Co-operative Societies
- Announcement related to examination form for students converted to IPCC
- Important Announcement for Students converted to IPCC and appearing in November, 2009 exams
- Download Examination form for CPT, PE -II, PCE, IPCE and CA final Examination conducted by ICAI
- CBDT delivered a headblow to the Assessee Engaged in Propelling Growth of the Nation
- Swiss bank may share detail of tax evaders with India
- Clarification on FDI into a SSI & MSE and in Industrial Undertaking manufacturing items reserved for SSII MSE
- SEBI issued circular on Allocation methodology of debt investment limits to FIIs
- Amendments to Equity Listing Agreement-SEBI
- Amendments to SEBI (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999
- Sub-brokers likely to be exempted from the requirement of registering with SEBI
- Many countries looking to hike hike personal income tax rates
- Government working to rationalise state and central level-taxes on petrol and diesel
- Delhi High Court decision regarding applicability of service tax on rent
- Borrowing Costs and the Role of Foreign Currency Exchange Gains or Losses
- Set-off of short-term capital losses, subject to STT, allowable against short-term capital gains not subject to STT
- Sebi Notified Issue of Capital and Disclosure Requirements (ICDR) Regulations 2009
- Liability of interest where CENVAT credit was wrongly taken but reversed by assessee before utilization
- Asset declarations by Supreme Court judges is within purview of RTI
- Circular on Anti Money Laundering (AML) Standards/Combating Financing of Terrorism
- Constitution of a committee to examine the suggestions on the draft direct taxes code
- Income-tax (Twelfth Amendment) Rules, 2009 – Amendment in rule 11N
- Journey to “ICAI”
- In order to have a charity, you must have a source of income
- RBI Guidelines on Exchange Traded Interest Rate Derivatives
- Government of India Cash Management Bills will be treated as SLR securities
- Provision of Electricity – Whether sale of goods or supply of service ?
- Important Announcement Regarding Examination Form of IPCE – Nov. 2009
- PCE & top two rank holders for PE-II held in June-2009
- ICAI election – 2009 – Availability of List of Voters
- MRTP Act repealed and is replaced by the Competition Act, 2002
- Circular on Powers of adjudication of the officers of Customs
- Dos and Donts for printing and submitting of ITR-V (Acknowledgment) to ITD-CPC Bangalore
- Penalty paid in the normal course of business is allowed in calculation of tax liabilities
- CBDT introduced software to provide automatic alerts for scrutiny assessment
- DEPB and Duty Drawback are not eligible for deduction u/s 80-IB
- Amendment in the notification No. 1/2006- Service Tax, dated the 1st March, 2006 – Transport of goods in containers by rail
- Notification on Exempt Services in relation to transport of goods by rail
- Exempt Services in relation to the manufacture of pharmaceutical products, medicines, perfumery, cosmetics or toilet preparations containing alcohol
- Notification on Exempt Services in relation to sale or purchase of securities listed on a registered stock exchange by a sub-broker
- ICAI presidents message to CA community on the XBRL, IFRS, Direct Tax Code, Satyam, Companies Bill, 2009 etc
- Modifications in the e-TDS/TCS data structure and new File Validation Utility applicable from October 1, 2009
- SC will decide on applicability of TDS on payments made to state-owned BSNL and MTNL for interconnectivity by private players
- RBI issued circular, relaxing existing norms on Investment Portfolio of Primary Dealers
- CBDT advised to deduct TDS on second installment of arrears under the Sixth Central Pay Commission award
- Notification on Compulsory E- Filing of Form-101 related to MVAT registration
- Circular on Grant of refund under MVAT Act to specified category of dealers – Modifications/clarifications
- Trade advance given to give effect to a commercial transaction can not be treated as deemed dividend
- Identification of donor and receipt of gift by cheque not sufficient to prove genuineness of gift
- Replacement expenditure is neither current repairs nor revenue : SC
- Section 55A of the Income-tax Act, 1961 related Capital gains and Reference to Valuation Officer
- Surcharge, Education Cess on TDS for A.Y. 2010-11 / F.Y. 2009-10
- Credit cannot be denied on ground that, documents were not in the name of assessee’s factory but issued in the name of head office situated elsewhere
- Exempt Services in relation to the transport of goods through national waterway, inland water and coastal shipping in certain cases
- Amendment in the notification No. 1/2006- Service Tax, dated the 1st March, 2006 – Transport of goods by rail
- Notification on Exempts Services in relation to transport of goods by rail in certain cases
- IL&FS to be the New Promoter of Maytas Infra Limited
- ICAI will soon recommend Accounting standered for Insurance sector
- Income tax official may be appointed in tax heavens to investigate tax evasion in cross border transactions
- TDS on salary arrear payment pursuant to recommendation of Sixth Central Pay Commission
- ITAT cannot remand to apply section 14A if AO in his Assessment order not made disallowance u/s 14A
- Levy of penalty for declaration of in-genuine gift in revised return u/s. 139(5) of IT Act
- Applicability TDS charges on pre-paid mobile cellular services provided by a service provider through its distributor’s network
- Applicability of section 44BB of the IT Act on mobilization/ demolization charges received by a non-resident foreign company
- Section 260A authorizes the High Court to hear an appeal only when substantial question of law is involved
- AAR on tax rate applicable to a foreign company on LTCG accruing to it on sale of shares in Indian company
- Depreciation on transfer of Investment from available for sale (AFS) to held to maturity (HTM) category by banks
- Difficulties in Filing acknowledgement of Income tax Return (ITR) filed online
- Ishikawajima-Harima is still good law despite retrospective amendment: Karnataka High Court
- Ministry defends MAT based on gross assets on the ground of efficiency and equity
- Check PSU Audit (CAG) empanelment status of your CA Firm for the year (2009-2010)
- Implications of the draft code
- State Govt. Undertakings do not need COD clearance
- Futures & Options are speculative transactions u/s 43(5). S. 43 (5)(d) is not retrospective
- DGFT – High Court allows benefit of 0% duty of customs under EPCG Scheme
- CBDT directed to re-opening of all cases under the search and seizure label and those claimed deduction u/s. 80IB, 80A
- MVAT Audit Repot in form 704 can be filed only online after 30th September 2009
- MVAT Dealers against whom business audit started after 1st April 2009 need to file form 801 electronically
- ITAT Mumbai Benches not functioning during the period 31.08.09 to 03.09.09
- Summary of Foreign Trade Policy 2009-14: It exemption U/s. 10(A0 and 10(B) extended till march 2011
- Mvat Refund Application in form 501 can be filed only online from 01.10.2009
- Educational institutes cannot be denied the benefit of income tax exemption
- Major Highlights of Foreign Trade Policy 2009-14
- CBDT instructed to scrutnise all companies which have taken relief under AS-11
- Income tax raid at stock broker in Jaipur net Rs. 10 crore in cash
- CBI filed charge sheet against Ex-Central Excise Commissioner
- DTC propose to tax LTA, Medical Reimbursement, payment, commuted pension and retirement gratuities and benefit and perquisites
- Service tax applicable only to legal firms and not to independent practicing lawyers : Bar Council of India
- ROC work may be outsourced to professionals such as chartered accountants and company secretaries
- Place of performance of service is decisive for determining event of taxability as well as incidence of tax
- MCA proposed to prosecute audit firms also for wrong doing of its partner
- ICAI finally acted against PWC partner S. Gopalakrishnan ; withdrawn from its non-standing committees
- CVC launches prosecution against officers in CBDT, CBEC, DDA etc and advised penalty on several company officers
- RBI issued circular on providing Collateral Free loans to Micro and Small Enterprises(MSEs)
- Guidance note on Clause 17A of 3CD report – Amount inadmissible u/s. 23 of the Micro, Small and Medium Enterprises Development Act, 2006
- Direct tax code will not provide deduction for donation to relegious trust and may tax NGOs
- ICAI considering proposal to prohibit use of identical firm name
- ICAI announced Schedule for ISA ET to be held in the month of November 2008
- New amended form No. 704 and issues in it under the MVAT
- Summary of Amendments made by Maharashtra Value Added Tax (2nd Amendment) Rules 2009, dt 18th June 2009 w.e.f 01st July 2009
- Amendments made by Maharashtra Tax Laws (Levy, Amendment and Validation) Act, 2009 (Mah Act No. XVII of 2009) in MVAT ACT
- Assessment, Reassessment, Best Judgement Assessment and provisions related to these
- Swiss bank may not share its Indian client details with India
- Judges divided on the issue of voluntary disclosure of their Assets
- Removal of Domestic Tariff Area (DTA) will help in countering recession; New Foreign Trade Policy on August 27, 2009
- Chartered accountants not agree with CVC’s charge
- Increase in exemption of collateral security in respect of individual and group loans under SGSY Scheme
- If Assessee fails to offer an explanation or offers a false/unsatisfactory explanation then penalty will be leviable for concealment of income
- If part of company business is deal in shares then all types of transactions, whether delivery based or non-delivery based, will be treated as speculative transactions
- Sale of equipment to an Indian party by a foreign company cannot be construed as resulting into any business connection in India
- A transaction cannot be held bogus for the mere fact that Assets sold by Assessee if not found with buyer
- Taxability of Income to American company by allowing use of its database located abroad to customers in India
- Loss on purchase and sale of units of mutual fund cannot be treated as speculation loss
- Warrant of authorization decides whether a person has been subjected to search or not
- Facility of advance ruling on service tax and excise matters extended to PSU and resident Indian companies
- CVC charged chartered accounting fraternity with giving erroneous advice to banks resulting in huge losses
- Direct Tax code may bring ULIP & Life Insurance Plan under tax net
- New direct tax code and taxability of Provident Fund
- Amendment to SQC 1 – Retention Period for Engagement Documentation (Working Papers)
- Enhancement of CPT Registration fees from Rs. 3500/- to Rs.6,000
- View You Tax Credit (Advance Tax Paid and TDS deducted) online
- Filing Fee for appeal to ITAT in ‘assessed loss’ cases is only Rs. 500
- Poor drafting of Cenvat credit Rules leading to litigations and conflicting decisions by various benches: SC
- RBI suggested exclusion of ADR, GDR, FCCB and convertible warrants while calculating FDI for banks
- Use of green-technology to be mandatory in Special Economic Zones (SEZs)
- No HRA for government employees staying with spouse in government allotted flat
- Use of other banks ATM for more then 5 times a month will cost from October
- Punjab State Excise and Taxation department unearthed bogus sale of 656 crore
- Companies can use right Issue proceeds only after the basis of `allotment of rights share’ is finalised
- Government proposed excise waiver and income-tax holiday benefit to power projects based on supercritical technology
- Senior vice president or vice president post in ITAT not to be filled by promotion : CAT
- Corporate can Pay stamp duty online for formation of company, Increase in Authorise Share capital etc
- ITAT mumbai benches not functioning during the period 24.08.09 to 28.08.09
- Export of services (Amendment) Rules, 2009- Amendment in rule 3
- ST department notified date for applicability of service tax on New services
- SEBI ruled out rolling back its order banning entry load and parity in exit loads
- Direct tax code introduced stringent norms for non resident
- SEBI reviewing timeline for converting the prefrence warrant into shares and upfront magin to be paid
- Penalty having commercial nature and paid in the normal course business is allowable
- Finance bill (No.2), 2009 received the Assent from President
- TDS / TCS Rate Chart & Provisions applicable from 01.10.2009
- IRDA extend deadline for collection of PAN by one month
- Immediate clarity need on restatement of previous year figures to be reported as IFRS norms
- Direct tax code propose to remove the difference between tax avoidance and tax evasion
- Dispute Resolution Panel, National Tax Code, Returns and assessment procedures, Appeal, revision and penal provisions in Direct Tax code
- ICAI announced date for result of Professional Education – II and Professional Competence Examinations held in June, 2009
- Rules for winding up of LLP firms will be announced soon
- Direct Tax code may take all benefit away from Factories, Business Processing Units and software development firms inside SEZ
- Extension of date for existing manual system for accepting applications for declarations prior to 1/04/2008
- Major changes proposed in Direct Tax Code related to Capital Gain tax
- Converting charitable trust into for-profit commercial entity set to become taxable under the direct tax code
- SEBI may offer listed companies option of switching over to IFRS for improved corporate governance
- Detailed study of MAT provisions under direct tax code and its impact on tax liability
- Highlights of The Companies Bill 2009
- Only Profit on Sale of DEPB required to be considered for calculation of deduction u/s. 80HHC
- ICAI announced result dates for MAC (Part-I), Tax Mgmt Course (Part-I), Corp Mgmt Course (Part-I), IRM and ITL & WTO Exams
- ICAI announced two new Examination Centers
- Accounting and Provisions of Minimum Alternate Tax (MAT)
- PPF Act need to be amended to increase the Investment Limit to Rs. 100000/-
- S. 14A disallowance to be made even if no tax-free income: Special Bench Delhi
- Cut in corporate tax rate will not benefit all sectors as MAT will increase tax burden
- Ministry of corporate affairs plans to increase the accountability of chartered accountants
- Corporation Bank will offer income tax returns filing facility through ATM network
- Gain in Rupee against dollar made corporate liking AS-11
- If the expenses are of revenue nature, then the same are to be allowed and section 35D will not be applicable
- Unsigned return is a defective return but this defect can be cured
- Interest earned on bank deposits received from clients is business income
- Deduction to be allowed under any other provision of Chapter VI-A with the heading ‘C’ is to be reduced by amount of deduction allowed u/s. 80-IB/80-IA
- Sale of agricultural land does not attract capital gains tax
- Annual Information Return- meaning, provisions, Applicability and FAQ
- Retirement savings will become taxable on withdrawal in new direct tax code
- I-T department carried out search at Bombay Rayon & related parties
- Securities and Exchange Board of India (Aid for Legal Proceedings) Guidelines, 2009
- Two Mumbai policemen and a retired income tax official arrested when attempted to cheat a jeweller
- Direct Tax code will make People earning between 5-10 lakh end up pay more
- Use of RTGS/NEFT/NECS/ECS for Credit to NRE Accounts
- Set-off & Carry Forward of losses in direct tax code: Carry forward of loss permitted only if return filed within due date
- Penalty provision in direct tax code in case there is a under reporting of tax base by the taxpayer
- Income tax rates proposed in direct tax codes for Partnership Firm, LLP, Foreign Companies, Domestic Companies, Individual and HUF
- Proposal related to wealth Tax in Direct Tax code
- Frequently asked question on Annual Tax Statement (ATS)
- Bombay High Court admit appeal against Shah Rukh Khan
- Direct Tax code will benefit more to people in higher income group
- Expenditure Not allowable under new direct tax code 2009
- New Direct tax code and welath tax provisions, exemption limit may increase to 50 crore
- No Provision for Appeal to High Court in New direct tax code 2009
- Merit List of CA final and Pass percentage of Chartered Accountancy final and Final (New Course)
- Due date extended for completion of IT training for students appearing in PCE & IPCE November 2009 Examination
- Time limit for filing ITR-V extended to 60 days
- Expenditure on convertible debentures is deductible
- Download Direct Tax Code 2009 and main highlights of the same
- Sentences of former UCO Bank Chairman and close associates of Harshad Mehta confirmed by Apex Court
- SC issued notice to Moser Baer on income tax liability to the tune of Rs 2,978 crore
- Great Utility to Print ITR Form & Acknowledgement from XML File (XML to ITR)
- Cash reward scheme for Income Tax officers is bad in law and unconstitutional
- CESTAT cannot dismiss an appeal when a writ application thereto is pending before a high court
- Foreign companies can also claim benefit of lower Rate of Tax on Capital Gain from securities transaction
- Government will not interfere in appointment of Statutory Auditor of Listed Public Companies U/s. 224
- LLP still not recognized by all the acts and states in India
- If ST 3 returns and CENVAT credit returns are filed, then department cannot ask for tax beyond 1 year
- Irritated by ICAI messages; get registered for DND
- Download your ICAI firm Constitution Certificate Online
- ICAI announced extension of PE-II Examination by two more attempts
- Examination form for PCC, PCE and Final Examinations would be available from 17th August, 2009
- ICAI prescribed new criteria for allocation of Statutory Auditors of Regional Rural Banks
- Amendment to the Maharashtra Value Added Tax Act, 2002 to give effect to budget announcements
- Interpretative circular under regulation 5 of the Securities and Exchange Board of India
- ICAI taking members consent before Publishing E-mail address in the List of Voters for election 2009
- SEBI decided to facilitate setting up of Separate stock exchange for Small and Medium Enterprises (SMEs)
- Income Tax Department conducting investigations regarding frozen Demat Accounts
- Passing CA final exam not enough to use Prefix Chartered Accountant or CA
- Company Secretary may be allowed to issue certificate validating compliance with the numerous employment laws
- Empanelment for Chartered Accountants (CAs) in practice with Canra Bank for Concurrent Audit
- SEBI asked finance ministry to revoke rule that bars SEBI officials sitting as members at the SAT
- ITAT Mumbai Benches not functioning from 10.08.09 to 13.08.09
- Settlement Applications not disposed for reasons not attributable to the applicant cannot be treated as having abated
- Representation by BCA to FM on difficulties being faced/likely to be faced by Assessees while filing Return of Income
- Government may soon clarify in respect of FBT paid for Assessment Year 2010-2011
- Builder may not benefit from extension of tax waiver to affordable housing projects
- Allowability of expenditure incurred by foreign company before RBI approval
- Taxability of commission paid by Indian Company to foreign company to promote its business in that country
- Hasan Ali Khan have outstanding tax demand of 50,345 Crore
- Seller do not require NOC from society at the time of transfer of a flat
- Results of C.A. Final and CA Final (New Course) Examinations, held in June, 2009 likely to be declared on 13th August, 2009
- Government will not propose to adopt Consumer Price Index (CPI) instead of Wholesale Price Index (WPI)
- CBI closed corruption case against former director general (investigation) of income tax
- No Income Tax on Transfer Fee collected from a transferor or a transferee: Mumbai High Court
- Guidance note on Accounting for Depreciation in Companies issued by ICAI
- Result of ISA Assessment Test held on 20th June, 2009 likely on 13th August, 2009
- Instruction on Norms for building infrastructure in the non-processing area of SEZ
- SAT may be renamed as FSAT and all financial regulators may come under it
- Slab of Auditors fees for inspection of Mutual Funds for the year 2008-09
- Cost Accounting Slandered to converge with the International Financial Reporting Standards
- The Eye Research Foundation, Chennai, approved by the Central Government U/s. 35(1)(iii) as research institutions
- Institute of Rural Management, Anand, Gujarat, approved by the Central Government U/s. 35(1) (iii) as research institutions
- Policy in respect of Merger of Firms in allocation of bank branch statutory auditors for the year 2008-09
- CBDT withdrawn tax exemption and lower tax rates to foreign firms setting up consortia with domestic companies for engineering, procurement and construction
- Provisions of the Competition Act, 2002 relating to regulation of combinations, including mergers and amalgamations have not yet come into force
- Government considering laws to tax domestic companies which deliberately route their overseas investments through tax havens to avoid paying taxes
- Objectives of Companies Bill, 2009 presented in the Lok Sabha
- Circular on Amendment to Chapter VIA of the SEBI (Disclosure and Investor Protection) Guidelines, 2000
- Circular on Additional Information required for registration / renewal of registration as Portfolio Managers
- Circular on Procedure for submission of updations in the offer documents filed with SEBI
- ICAI invite members for Empanelment as Peer Reviewer
- Reporting of Inter-Scheme Transfers of Corporate Bonds by Mutual Funds
- ICAI Presidents Communication on budget, LLP, ICAI Election, Articleship Training and other matters
- Undistributed dividends of foreign corporations controlled or owned by Indian companies will be taxed in the near future
- Chartered Accountants can do excise audit but Cost accountant not included u/s. 288 of the Income Tax Act, 1961
- ITAT Mumbai benches not functioning from 03.08.09 to 06.08.09
- Misconduct by CAs – CVC has no role in taking action
- Withdrawal of instruction related to income arising to non-residents from the execution of power projects on turn key basis
- Nandan Nilekan: From An Infoscion To A Politician (Humor)
- 94 Cases of Fake Chartered accountant Registered in lat three years, Government taken steps to deal with fake CAs
- Proposed Company Bill 2009 will allow Indian company would to merge with a foreign company incorporated outside India and vice-versa
- Interest on savings bank accounts by Scheduled Commercial Banks (SCBs) would be calculated on a daily product basis with effect from April 1, 2010
- Circular on Applicability of service tax on commission paid to Managing Director/Directors by the company
- Builders need to pass on Housing tax benefit to home buyers otherwise benefit may not be extended in future
- MRTP Commission getting more complains then CCI
- ICWAI asked government to equate cost accountants with chartered accountants
- Agreement for Avoidance of Double Taxation with the Government of the Republic of Tajikistan
- Over 200 PSU do not have company secretary in employment though they are mandated to have one
- Analysis of Report of Board of Directors to Shareholders
- Services availed by a manufacturer for outward transportation of final products from the place of removal is input service
- Deduction U/s. 80-IB(10) need to be given proportionally if a few residential units are exceeding the built-up area of 1500 sq. ft prescribed by section
- Not allowing cross examination is procedural defect and will not make an assessment null and void
- Merely because an addition is made to the income declared by the assessee, penalty u/s. 271(1)(c) cannot be imposed
- Brokerage paid on renting of property not allowable u/s. 23 and 24 of the Income Tax Act
- Empanelment with Allahabad Bank for practicing CAs as Concurrent/ Revenue Auditor
- Brokers claimed depreciation on BSE card value; Department moved High court
- Five easy to follow Security tips for Indian tax payers filing their return online
- AP High Court dismiss plea challenging induction of strategic investor into Satyam
- Budget clarified on taxability of Property gift received from non Relatives and Capital gain on sell of that property subsequently
- Finance Minister given more tax breaks in finance bill passed in Lok Sabha
- What makes an Income Accrue or Arise in India although earned outside India?
- Notification on Service tax exemption to maintenance of road
- Despite s. 271(1B), s. 271 (1)(c) penalty is not valid if AO’s satisfaction not recorded at stage of initiation
- Mere retraction of the confession may not be sufficient to make confessional statement irrelevant
- As expected RBI kept key policy rates unchanged in the monetary policy review
- Incomes which are tax-free under the Income Tax Act, 1961 (Simple Guide)
- Finance bill for 2009-10 gets approval of Lok Sabha
- Insider trading norms not applicable to ESOPs
- Stock brokers need to settle the balance funds/securities lying in the trading accounts of clients on the last day of every month
- Government planning to include the concept of class action suit in new Companies bill
- Lami Nagar road in East Delhi renamed as Chartered Accountant’s Lane
- Cheers! Mvat rate on wine in Maharashtra reduced to 4%
- I-T department started scrutinising returns of charitable trusts
- ICAI asked government to mandate all companies to file their financial statements in XBRL format
- Additional Information/AIR transaction details need to be disclosed in ITR
- RBI expcted to keep key policy rates unchanged in the monetary policy review
- FM’s reply to the debate on Finance (No.2) Bill,2009 in lok Sabha on 27th July 2009
- IRDA put cap on charges to be levied on ULIP
- Circular on Issue of Indian Depository Receipts (IDRs)
- Service of notice on the wife of the assessee in his absence is in accordance with the law
- Even Best Judgment assessment cannot be made without giving opportunity of being heard has to be given to assessee
- Validity of levy of penalty for not furnishing the return of income within the prescribed time
- Expenditure incurred by a foreign company in India during period of lull in its business in India not allowable
- Tribunal is not competent to recall its previous order and re-write the same again and reverse the earlier decision taken on merit
- Stamp Duty and Fees Payable for Registration of Companies Limited by Shares
- Stamp Duty Rates as Per Bombay Stamp Act, 1958
- Central Vigilance Commission disposes of 485 cases, recovers over Rs 13 crore
- RBI penalised PSU & Private banks for violating its guidelines
- Operational of the IDR Rules with immediate Effect and Applicability of FEMA Regulations
- New direct tax code expected to release for public discussion 20th August 2009
- Limited liability partnerships (LLPs) clarification required on capital gain & stamp duty on on coversion
- Central Bureau of Investigation (CBI) registered case against a Commissioner of Income Tax
- Income Tax department can not tax research work
- PAN card mandatory for all policies where annual premium is more than Rs 1 lakh
- Chartered accountant found murdered at the Delhi University’s North Campus
- Government decided to make it compulsory to quote Unique Transaction Number (UTN) in the Income-tax return forms
- Government proposes to set up a Centralised Processing Centre (CPC) at Bengaluru
- Effective tax rate for IT Companies will go up once exemption for STPI comes to end
- Portal to help Indian companies make transition to International Financial Reporting Standards (IFRS) launched
- Auditor ask extension to complete Special Audit of Reliance Communication
- To buy online through credit/debit card you need to enter password from 1st August 09
- RBI Circular on Cash Withdrawal at Point-of-Sale
- AAR on taxability of payments made by applicant to a British company for rendering telecom services in India
- Settlement Commission has jurisdiction over the case which involves search assessments where block assessments are to be completed under section 158BC
- MAT credit should be allowed before calculating Interest U/s. 234B and 234C of the Income Tax Act, 1961
- Section 271(1)(c) can be invoked only if there is a “concealment of particulars of income”
- Profit on transfer of Indira Vikas Patras before maturity is capital gain and tax is chargeable
- Last date for payment of Annual Membership/COP Fees For The Year 2009-10 for CAs is 31.07.2009
- Indian Depository Receipt Rules notified by GOI operationalises with immediate effect
- 2 Crore Income tax returns pending for processing
- FM launches online Customs tariff database
- Non confirmation of minutes does not have any effect on the decision taken at the earlier meeting: SC
- Mistakes people commit generally in filing income tax return
- ITAT Mumbai benches not functioning during the period 27.07.09 to 31.07.09
- ICAI recommended joint auditors for big companies and rotation of partners every five years
- Police arrested CA for cheating his employer
- Large corporate taxpayers (LTU) get personalised attention
- Period for which books of account need to be kept under different Laws
- SEBI prohibit listed companies from issuing shares with superior rights
- SEBI abolished no-delivery period for all types of corporate action
- SC to decide on ‘dividend stripping’ by mutual funds for creating a short-term loss to avoid tax
- Service tax topics to be omitted and to be asked in November 2009 Examination for CA Final & PCE Students
- Press Note on taxation of limited liability partnerships
- Personal verification of PAN applications by visiting the applicant
- CIC decided, CA student to get copy of answer sheet under RTI Act
- Reopening of Completed assessment, onus lies mainly on department to confront assessee with evidence
- Reassessment on ground of allowance of excess deduction on incentives of DEPB U/s. 80HHC
- Expenses reimbursed cannot be excluded from the amount defined in section 44BB(2)
- Initiation of reassessment under section 148 of the Income-tax Act cannot be declared invalid, if any of the reasons taken by the AO sustainable
- Assessing Officer cannot change nature and character of income under section 143(1) of IT Act, 1961
- Term Loan waiver availed by the assessee is not assessable income
- New Income Tax Rules and Requirement for filing of ITR for A.Y. 2009-10
- Precautions and steps need to be taken while filing your Income Tax Return
- What is Permanent Account Number (PAN)? Is it compulsory to obtain and quote PAN?
- Applicability of provisions of section 194H on post-paid services and pre-paid package
- View contrary to the earlier view taken by the Assessing Officer while completing the original assessment amounts to change of opinion
- Section 195 of IT Act, 1961 is applicable even when deductee is a foreign company and assessed in India due to its business presence in India
- Technical job done by the engineers cannot be said to be in the nature of executive job
- Tribunal cannot examine validity of the action of search under section 132 of IT Act, 1961
- HDFC Bank Ltd paid Rs131.40 Crore to the service tax department for violations of provisions of service tax rules
- PwC messed up big time
- Police arrested CA, tax consultant for human trafficking
- Notification on Section 35(1)(ii) of the Income-tax Act, 1961 – Scientific research expenditure – Approved scientific research associations/ institutions
- Analysis of union budget 2009 provisions related to income disclosed during survey and penalty under section 271(1)(c) of the Income Tax Act, 1961
- Public Sector Units understating liabilities, overstating assets: CAG
- ICSI extended last date for payment of fee to 31st August, 2009
- In last three year 37 cases referred to SFI and investigation completed in only 9 cases
- New unit must have separate and independent identity if set up by a company which is already running an industrial unit to claim benefit u/s. section 80-1B(2)(i)
- Income cannot be assessed as “income from house property just because income is attached to immovable property
- Rectification of order passed by tribunal under section 254(2) of IT Act, 1961
- Mere enquiry about any loan/gift does not tantamount to detection of concealment of income u/s. 271(1)(c) of IT Act, 1961
- Status of the Local Authority cannot be denied for the reason that members of the assessee-Mandi Parishad not elected
- Mumbai ITAT Bench not functioning from 20.07.09 to 24.07.09
- Small business been given Tax breather in Union Budget 2009
- Union Budget 2009 covered Gifts and deemed Gifts of Properties under tax net
- No separate empanelment for NABARD
- Charter ship hire payments not royalty within the meaning of section 9 of IT Act
- Furnishing bank guarantee cannot be equated with actual payment under Section 43B of IT Act
- Validity of notice issued by AO u/s 148 pursuant to directions of CIT u/s. 263 of IT Act 1961
- A supporting manufacturer entitled to claim deduction u/s. 80HHC (1A) on the basis of disclaimer certificate of export house
- Statutory date for FMV of a property cannot be substituted with a subsequent conversion date by issuing notification
- ICAI Panel of Arbitrators
- CBI arrests DGFT official for accepting bribe of Rs 3000
- ICAI Act needs amendments to become a more powerful body
- Commissioner can regard an order as erroneous on the ground that the AO should have made further enquiries
- Tribunal can set aside the order of CIT Appeal only after considering the evidence and material on record
- Sum due u/s 434 of the Companies Act, must mean what has fructified and can not merely be a contingent liability or deferred payment
- Gratuity payment under the Payment of Gratuity Act, 1972 or otherwise exempt to the extent covered under the Income Tax Act
- Mere citing of Law laid down by SC before tribunal and non application of same cannot be said mistake apparent from the record
- Services covered under BAS can not be classified as C&F Agent Service
- Service tax credit cannot be taken when service tax has not been shown to have been paid by service provider
- No VDIS for tax evaders : Finance Minister
- Notice u/s. 148(1) of IT Act when a valid return was pending assessment
- Deduction u/s 80-IB of IT Act in respect of housing project and its allowability
- Valuation of residential accommodation provided by PSU to its employees
- PWC may be blacklisted in India
- Amendment Proposed in union budget 2009-10 in rules related to refund of custom duty on imported goods found to be defective
- Retrospective Recovery of custom duty and interest from exporters proposed in budget by amending DFIA notifications
- FBT abolished and Perquisites earlier covered under FBT become taxable in the hand of Employees
- Taxability of receipts from transfer of marketing rights and non-compete fee
- If partner used club membership taken in his own name for business purpose then Club subscription paid by firm is allowable
- Scholarship/ stipend received by a student for pursuing higher studies cannot be treated as salary
- Applicability of section 194C of IT Act, 1961 on contract for sale of goods
- Validity of order passed u/s 154 of IT Act, 1961 when demand notice served after limitation period
- Key Features of LLP Act & Taxation of Limited Liability Partnership
- Concessions and Exemptions in Excise Duty provided by Union Budget 2009
- Changes in Excise Duty Rates in Union Budget 2009
- PWC charged abnormally high fees for auditing Satyam’s accounts
- Amendments to SEBI (Disclosure and Investor Protection) Guidelines, 2000
- Bombay High Court dismissed about 400 appeals of Income Tax department
- Complexity of income need to be considered, to decide under which head rental Income will be taxed
- Salary paid in cash to employees posted at Rigs for more then 15days can not be disallowed
- Assessment of Firm if Change in constitution
- The contingent or non-existing liabilities which were claimed and allowed under section 143(1)(a) would amount to income escaping assessment
- ICAI announced date of Result for Common Proficiency Test
- Announcement of Examination Centers, Last date of form filing for PCE, IPCE and C.A. Final Examination
- CPT Online Examination / Registration / Eligibility / last date & Center announced
- Empanelment of Chartered Accountants with National Informatics Centre Services Inc for Internal Audit
- No tax on Foreign telecom firms for carrying calls abroad: AAR
- Union Budget 2009- Amendments proposed in respect of charitable Trusts
- Amendments made in union budget 2009 in section 80IB (10) related to Housing Projects
- Practice as advocate not required for appointment as HC judge
- New Pan Provisions Very Harsh; Even non- residents need to Comply new provisions
- Taxation of transfer of land or building or both w.r.t. section 50C as amended in union budget 2009
- Bad news for salaried person: FBT abolished
- Balancing charge is not chargeable to tax: Supreme Court
- No service tax on Individual Lawyers practicing in own name and law proprietorships concerns
- Wealth tax exemption limit raised
- Income Tax department need to allot Document Identification Number (DIN) to each correspondence sent or received by it
- Budget aimed at Rationalisation of provisions related to TDS
- Limit for Liability to pay advance tax increased to 10000 from existing 5000
- All business having turnover less than 40 Lakh can claim benefit of presumptive taxation scheme
- Payment in cash to transporters upto 35000 allowed from 01.04.2009
- Service tax on Legal Consultancy, more clarification needed
- Amends principal notification No. 5/2006-Central Excise, dated the 1st March, 2006 vide Notification No. 15/2009-Central Excise , Dated – 7th July, 2009
- CA been allowed to do Excise Audit, Cost Accountant fear their profession may become redundant
- Government merged the Authority for Advance Rulings (AAR) for direct and indirect taxes
- Announcement of Rules amending Works Contract (Composition Scheme for Payment of Service Tax) Rules, 2007
- Amendment in the Taxation of Services (Provided from outside India and Received in India) Rules, 2006
- Amendments in Notification No. 1/2002 – Service Tax, dated the 1st March, 2002.
- Exemption to banks from service tax on inter-bank transactions of purchase and sale of foreign currency
- Exemption to exporter from payment of service tax on commission and Good Transport Agency Services
- Notification on service tax exemption to exporters specifying the conditions and exempt services
- Scheduled banks are empowered to issue zero coupon bonds
- Services provided by club or association exempt for some associations till 31.03.2010
- Gift in kind will be taxable from 01.10.2009
- How to choose between Private Companies, Public Companies and Limited Liability Partnerships
- COMPARISON – Limited Liability Partnership (LLP)/ Company / Partnership
- Limited Liability Partnership Basic Concept, Requirement and Pre-Requisite for Formation of LLP
- Income Tax Rates for Individual, HUF, Women, Senior Citizen for A.Y. 2010-11
- Service Tax Notification exempting services provided by a tour operator having a contract carriage permit for inter-state or intrastate transportation
- Highlights of the budget 2009-10 as applicable to service tax
- Major Changes / Amendments in Income Tax and Wealth-tax Made in Budget 2009-2010
- Major Changes / Amendments in Central excise duties Made in Budget 2009-2010
- Major Changes / Amendments in Customs duties Made in Budget 2009-2010
- Major Changes / Amendments in Service Tax Made in Budget 2009-2010
- Amendment in TDS rates / Provisions U/s. 194C & 194I
- Union Budget 2009-10 Highlight on Direct & Indirect Taxes
- Union Budget 2009-10 Major Highlights
- UOI vs. Dharmendra Textile 306 ITR 277 (SC) on 271 (1) (c) penalty distinguished
- Income Tax Refund- Know the Status & FAQ
- Waiver of penalty in certain cases for non-filing of return within prescribed time
- New software to speed up the process of filing income-tax returns
- What mode to use to send ITR to Bangalore-Speed post, Registered Post , Courier, Ordinary Post?
- Addition can’t be made based on search & seizure action taken against a third party without categorical finding that the search material pertains to the assessee
- Initial burden lies on the assessee to prove the genuineness of the purchases
- Export of Services – A Synopsis
- ICAI sign MOU to allow Indian and Australian CAs to practice in each other’s country
- Railway Minister intoduced 12 non stop trains in Rail Budget
- Removal of Goods from SEZ (Special Economic Zone)to DTA (Domestic Tariff Area) units and payment of Duties
- Stamp Duty on purchase of land in SEZ
- Procedure for representation before BIFR and AAIFR
- Highlights of Rail Budget 2009-2010 presented by Mamta Banarjee
- ICAI Election for Central and Regional Council will be held in December 2009
- Major Highlights of Economic Survey 2008-2009
- Can Assessee claim Depreciation on car Registered in the name of its partners or directors?
- ICAI President’s message to CA community for July 2009
- S Gopalakrishnan and Srinivas Talluri will not get any more time to submit reply : ICAI
- Investigation into Satyam case will take six more months : ICAI
- ITAT Mumbai benches not functioning during the period 06.07.09 to 10.07.09
- Fema-Master Circular released containing consolidated instructions/ guidelines/ circulars issued from July 01, 2008 to June 30 2009
- Tax planning as opposed to tax evasion has legal sanction
- ICAI president letter to CBDT mentioning the difficulties in getting a Certificate for lower deduction or non-deduction of tax at source
- The ICAI Logo – A little known Story
- Government consides one-page Saral form for income tax return
- Government likely to extend the tax benefits from the Software Technology Parks of India (STPI), to March 31, 2010
- How to fill form 15CA for effecting remittances to Non Residents
- ICAI submitted report suggesting lapses on the part of PWC while auditing Satyam
- ICAI specified some more conditions for Transfer/Termination of Articleship
- Satyam was audited by PWC Bangalore not by Lovelock & Lewis
- Mvat Notification for Change in Rate & Condition for Composition Scheme of Restaurants
- Notification for Solar energy devices under the Maharashtra Value Added Tax Act, 2002
- Mvat Notification for Adding Entries to Medical Devices Notification
- No MVAT on Sales by a registered dealer to the Department of Space ,of goods used in Satellite Launch System
- Provision amended in Budget related to Profession Tax, Bombay Stamp Duty Act, and Bombay Motor Vehicle Tax Act applicable w.e.f. 01.07.2009
- Clarification regarding deduction under section 80-IB(10) in respect of undertakings developing building and housing projects
- Government may disallow the depreciation allowance that charitable organisations claim
- New TDS Rules related to mentioning of Unique Transaction Number(UTN) in ITR kept in abeyance
- ICAI may announce its report on Satyam Fraud and auditors involvement on 09th July 2009
- Revised Procedure for Remittances to non-residents u/s. 195 of the Income Tax Act w.e.f. 1st July, 2009
- Section 80-IA relief has to be deducted before computing section 80-HHC relief
- Non-Compete fees are tax-depreciable intangible assets: ITAT Chennai
- ICAI may ban two auditors of Price Waterhouse, S Gopalakrishnan and S Talluri
- Remuneration to partner should be Authorised by Partnership deed but quantification not necessary
- Requirement for formation of Limited Liability Partnership Limited Liability Partnership (LLP) in India
- Income Tax department filed appeal in ITAT against Mayawati demanding tax of 10 crore
- Swiss government agreed to share data on tax evasion cases with India
- Portfolio managers need to operate through individual bank accounts for each customer for providing portfolio management services
- Employees’ Provident Fund rate will not change in financial year 2009-2010
- Circular on Criteria and Manual for Scrutiny of Service Tax Return (ST-3)
- MVAT Trade Cir – 20T of 2009 – Grant of Administrative Relief to unregistered dealer
- SEBI decision on Transparency in payment of commission to Mutual Fund distributors
- The Institute of Chartered Accountants of India (ICAI) called for changing the existing curriculum system
- ICAI announcement on Indian CA firms having affiliation with international entities/network
- Income tax sleuths detected tax evasion worth around Rs 14 crore
- Infrastructure to generate Unique transaction Number (UTN) still not in place
- Government considering proposal to streamline rates applicable for tax deducted at source
- LIC will provide facility to Claim LIC benefits at any of its branches
- Mere reference of assessee’s name in the statement under section 132(4) is not sufficient to invoke the proceedings under section 158BD
- Dharamendra Textile’s case cannot be said to hold that section 11AC would apply to every case of non-payment or short payment of duty
- Satyam Computers renamed as Mahindra Satyam
- To invoke section 153A of IT Act, 1961 it is necessary to comply with the provisions of section 132(1)
- Provision for warranty under section 37 of IT Act, 1961 is allowable if in past defects were there in products: SC
- How to surrender Multiple PAN, Request for New PAN Card if old is lost and for changes or correction in PAN data
- Frequently Asked Question on fringe benefit tax (FBT) PART- 4
- Frequently Asked Question on fringe benefit tax (FBT) PART- 3
- Frequently Asked Question on fringe benefit tax (FBT) PART- 2
- Frequently Asked Question on fringe benefit tax (FBT) PART- 1
- The Maharashtra Tax Laws (Levy, Amendment and Validation) Bill, 2009 passed in 2009 Mahrashtra Government Budget
- Circular on Validity of Form ‘I’ under Central Sales Tax Act
- Deloitte may be the new statutory auditor of Satyam
- Government Notified rules related to Delisting of listed shares
- Ex- President, Ex- Senior Vice-President, Ex-Vice-President and Members cannot practice before ITAT
- Govt may plug gaps in tax evasion laws to stop treaty shopping
- ITAT Mumbai Bench Constitution for the period from 22.06.09 to 26.06.09
- New profession Tax Rates after Maharashtra Government Budget and Provisions
- Govt. may extend exemption on inter-corporate dividends further down the chain of corporate subsidiaries
- ICAI guideline to members for regulator compliance with ICAI rules
- MoF inserts new rule 21 in Securities Contracts Rules for delisting of securities
- RBI circular on RTGS Transactions to all banks participating in RTGS
- Government likely to come up with export sops for the textiles industry
- Govt. Considering increase in Excise duty on some products
- Companies once delisted have to wait for 10 years to relist
- Finance Budget for 2009-10 will be presented on July 6, 2009
- Budget will not address the taxation issue related to limited liability partnerships
- Accounting guidelines on carbon credits effective from July 1 : ICAI
- Government may hike Home Loan interest Payment exemption to Rs 2.5 lakh
- Income Tax deprtment released software utility for E-Filing of ITR-5 and ITR-6
- Sebi notifies delisting norms for delisting of shares from a stock exchange
- CLB shifted offce from Shastri Bhawan to Paryavaran Bhawan
- Foreign companies underwriting income not taxable in India: ITAT
- Profile/Resume format for empanelment of eligible Chartered Accountant Firms in Corporation Bank
- ICAI entering into domain of ICSI by setting up corporate affairs standards
- Clarification on Lease of space on shift basis in IT/ITES SEZ & Disaster Management/Recovery Centre
- Section 53F of the Competition Act, 2002 – Term of Office of Chairperson and Members of Appellate Tribunal
- ICAI approved formation of a Directorate of Accounting Technicians
- Merely because some optical fibre lines or connection lines have been laid, the road cannot get converted into a plant
- Merely because others follow the same accounting policy, it cannot be said to be beyond scrutiny
- Making and sale of advertising materials for customers is advertisement service liable for service tax
- If revenue believes that Assessee evaded tax by furnishing fake or exaggerated bills then they need not disclose the reason of search & seizure
- Mere Sale of Brand name does not mean transfer of technical know-how
- How to fill & file Income Tax Return ( ITR-2)
- Provision for Gratuity not to be added to calculate book profit U/s. 115JB of the Income-tax Act
- The Commissioner of Income-tax cannot assume jurisdiction where the existence of two views is obvious
- Allowability of expenses claimed by PSU on direct operations/grants
- Applicability of section 194C of IT Act qua film financing arrangement containing provision of recovery of advances/loans with interest
- News Broadcasters Association demanded exemptions from service tax
- How to Register Digital Signature for eFiling of Income Tax Returns
- New scheme of filing of Income Tax Return and problems faced by the assessee
- Government considering proposal to make tax audit reports mandatory for e-filing of income tax returns
- eFiling of Income Tax Returns with Digital Signature Certificate using .pfx file
- LLPs may be treated on par with Partnerships for taxation
- GST critical for economic reforms: Finance Minister
- Industry demand: Decontrol fuel price, restore tax holiday
- Senior Citizens Savings Scheme, 2004 – Acceptance of Form 15-G from the Nominees
- ICAI issued Email ID to file complain related to dummy articles and coaching
- ICAI Membership and Certificate of Practice Fee for the year 2009
- CAs may be roped to Audit the finances of sarpanches, BDO and other officials handling NREGP
- No access to third party data on raid at ca offices
- Notification on Section 120 of the Income Tax Act, 1961
- Accounting for taxes on income – AS 22-Treatment of deferred tax asset and liabilities
- CBI conducts nationwide anti-corruption raids; books one ITO
- ICAI president appeal members to Ensure effective practical training
- Income Tax Department will mail to individual assessees details of TDS
- Additional comm. and registrar Manohar Tribhuvan caught red-handed while accepting bribe
- Maharashtra Govt Budget gives relief to small professional taxpayers; hikes VAT
- I-T Department is probing tax evasion of Rs 800 crore
- IT department set trap for those who undervalue their properties
- UPA will focus on Small and Medium Enterprises (SME)
- Income tax department is set to start an online ‘judicial reference system’
- Step in incorporation of Limited Liability Partnership Firm (LLP)
- Audit of Co-Operative Housing & Credit Societies in Maharashtra
- AAR rules on whether a liaison office can constitute a permanent establishment
- Centralise the procedure for the allotment of auditors : ICAI
- Auditors cannot be forced to part with information of clients not related to search found in their laptops
- Download Fema Forms in Excel/Word Format for Free
- RBI ask to cut salary of CEO of ING Vysya Bank, Axis Bank and DCB
- Returns from annuity plans may not be taxed fully
- MVAT Notification on Amemdment in Rules related to Charging contract
- Chartered Accountants can Create WEBSITE on PD portal of ICAI
- Department need not provide reason for search U/s. 132
- Highlight of Maharashtra State Additional Budget 2009
- Submission of ITR V and Issues related thereto
- Quoting of Unique transaction Number (UTN) in ITR and practical issues
- ITAT Mumbai Bench Funtioning Notice From 08.06.09 to 13.06.09
- RBI ask banks to clear local cheques within a day and of outstation cheques within 14 days
- ITAT – The Bench shall Pronounce the Order! – Deemed Pronouncement
- AAR on importance of the transfer pricing provision over the capital gains provision
- Deemed dividend cannot be taxed in the hands of non-shareholder
- Delays in cheque clearing – case no. 82 of 2006 before National Consumer Disputes Redressal Commission
- LLP conversion – Notifications for making conversion effective
- E-Filing cares about your security more then earlier
- Changes in E-Filing of ITR for A.Y. 2009-10 and E-Filing enabled
- Govt gave in-principle approval to DLF to withdraw 4 SEZs, asked to refund tax sops
- Government mulling levy of small cess on natural gas
- ICAI asked amnesty for firms formed in Maharashtra
- Nomination of Chartered Accountants u/s 14A and 14AA of the Central Excise Act, 1944 for special audit
- MCA made changes in Form No. 19, 20, 20A, 44 & 49[1]
- Power to condone delay beyond 180 days by High Court
- Foreseeable losses computed as per Accounting Standard -7 are allowable
- Gold Price in India will be uniform in all markets soon
- Relaxation in cut off date for registration of CS Executive Programme Examinations
- Analysis of new system for TDS / TCS payment and information reporting
- Foreign Exchange Management (Current Account Transactions) (Amendment) Rules, 2009
- SFIO asked to put the Satyam prosecution on fast track
- HC stayed disclosure of answer sheets of CA examination under RTI
- ITAT notification on result of appeal
- PWC was having business links with Satyam
- ICAI will soon frame accounting norms for farm sector
- ICAI – Announcement on Organising National/ State/ District level Masters’ Trainers Workshop on LLP
- SC acquits man from charge of taking bribe of Rs 25 after 20 years
- ITAT Mumbai Benches not functioning from 01.06.09 to 04.06.09
- Area limit of 5,000 hectares will not applicable for SEZs if two or more such zones are merged
- Whether the Petitioner is entitled to waiver of interest under Section 220(2A)?
- ICAI requested to Maharashtra govt to Restore audit limit for non-CAs,
- Google Pagerank Updated March 2009, taxguru.in Got PR3
- IT dept. can raid if income likely to escape tax in absence of prompt action
- Sale Purchase in MCX is Not speculative transaction
- IT department found over Rs 1,200 crore lying unaccounted in demat accounts
- Interpretation of the words “manufacture or production” for the purpose of deduction U/s. 10B
- All expenses need to be considered in computing profits and gains of an eligible business under section 80-IA/80-1B of IT Act, 1961
- ICAI requested Tamilnadu Government to make VAT Auditing compulsory
- Budget expected in first week of July, Anti-money Laundering norms may get tougher
- Know your PNR on SMS
- Know If your Income Tax Refund been returned undelivered
- Analysis of Rule 8D of laying down formula for disallowance of expenses incurred in relation to exempt income
- Disallowance of Excise duty, if any, to be made under section 145A
- CBI arrested excise Inspector accepting bribe
- ICAI asked banks to hire qualified auditors instead of chartered accountants who render ‘compilation engagement’ services
- Penalty can not be imposed for non deduction of TDS if assessee was prohibited by reasonable cause
- Penalty for concealment can not be imposed automatically for disallowance of deduction
- Space leasing Income with services and facilities will be business income
- Section 164 attracted when the shares of beneficiaries are unknown
- ICAI president advocates more power for chartered accountants
- ICAI will update accounting norms for oil and gas industry
- Government Notified provisions of competition act, 2002
- IT dept. imposed penalty on DLF for understatement of income, auditors role in question
- Advance Ruling on nature of receipts derived by an Australian company from ONGC
- AAR on tax liability of a partnership firm to be formed in Canada by a Canadian company for executing its PSCs in India
- To claim deduction under section 80P the status of the co-operative society shall be a primary society
- Determination of residential status of Assessee not resident in India in 9 out of 10 previous years
- Year of taxability on transfer of lease hold rights of immovable property
- Interest to Partners is allowable even if there is no book profit
- Income from property leased to sister concerns is Income from House Property
- A.O. must have some definite evidence to refuse the assessee’s claim or evidence or explanation
- Merely because agreement named as license agreement is not enough to attract section 194-I
- When a resident can be treated as an agent of a non-resident u/s 163 of IT Act, 1961
- Empanelment of faculty members for training CA students
- CA students can download Admit card online
- Govt ask RBI to continue appointing auditors for PSU Banks
- ICAI enter in MoU with University of Djbouti, Africa
- Income Tax Efiling – New Changes for AY 2009-10
- ITAT Mumbai benches non function from 25.05.09 to 29.05.09
- PAN requirement for transfer of shares in physical form : SEBI
- Securities and Exchange Board of India (Investor Protection and Education Fund) Regulations, 2009
- Empanelment of CA with Serious Fraud Investigation Office
- SEBI to pay auditors fees for the first year of peer review
- RBI empowered practicing CS to issue Diligence Reports to scheduled commercial banks
- SEBI considering relaxation in IPO, QIP, rights issue norms
- No cut in CST rate this Year, will stay at 2%
- Commerce department asked for removal of fringe benefit tax on exporters
- Govt. May Exempt SEZ export profits under section 10AA
- Refund of service tax paid on in relation to the authorised operations in SEZ
- Online CPT Examination: A milestone for ICAI
- ICSI issued Guidelines for issuing Compliance Certificate and Signing Annual Return
- New IT Circular on filing Procedure of New Income Tax Return Form (ITR) for A.Y. 2009-10
- New Income Tax Circular on new TDS and TCS payment and information reporting system
- Comparison between Insurance linked Plan, New Pension Plan, EPF and PPF
- SEBI not obliged to obtain information from exchanges for sharing with the public under RTI
- Notification on Service Tax Exemption to taxable services consumed within Special Economic Zones
- IT dept. in delhi recovered 860 Crore in search, seizure and survey
- India better placed to face the economic slowdown
- Want Income Tax Refund Faster – Opt for ECS
- Do Independent directors really independent?
- ICAI started Project Parivartan with the help of Infosys
- Fraud detection cell of ICAI to be operational by July 2009
- ICAI President written letter to govt. for Empowerment of visually challenged Chartered Accountants
- CA charged for violation of FEMA rules & Rs. 26 lakhs penalty imposed
- ICAI announced again the rules related to transfer of Articles and Timing of Coaching Classes
- CESTAT is correct in allowing the benefit of penalty upto 25% of the duty amount in the case when the penalty so determined was not paid by the party within the period of thirty days which is the pre requirement to avail such benefit as per the second proviso to Section 11 AC
- Nigerian Cheated Income Tax official
- Narayan Murthy not in favour of Income Tax Exemption for IT Industry
- Cold response to new LLP Act, Only 10 Firm Registered in one Month
- Claim Interest on Income Tax Refund for delay
- Courier Services been used to evade tax, Police seized 90 Lakh
- Empanelment of firms of Chartered Accountants with National Highways Authority of India
- Frequently Asked Questions on AS 11 related to Exchange Rate difference
- Instruction on TDS on Commission Paid by MTNL/BSNL to Owners of PCO u/s 194-H
- Sensex given vote of Support to Congress, Hit two upper circuits in one day
- Download E-Filing ITR 1, ITR 2, ITR-3 & ITR-4 for A.Y. 2009-10 Released by Income Tax Department
- ICAI relaxes rule for apointment of internal auditors as tax auditors
- Principle of mutuality where the income of the mutual concern is the contributions received from its contributors
- High Court Interference would be justified only if it appears that the conclusions made by ITAT palpably perverse
- Concessional ticket to travel Agents cannot be termed as commission
- Estimated expenditure towards warranty is allowable
- Validity of order passed under section 281B of IT Act, 1961: HC
- Proceedings u/s. 147 r.w.s. 148 of IT Act do not wipe out or set aside original proceedings
- Interest income from banks on fixed deposits not necessarily Income from Other Sources
- Department can’t to decide when assessee to borrow and when it should not borrow
- Limitation period for passing order u/s 201 of IT Act in absence of any express provision in Act
- United States District Court found Former Ernst & Young Partner Guilty of Insider Trading
- Excise Forms in Excel and Word format
- Foreign branches of PSU should be audited by CAG : ICAI
- IT department exploring avenues to tax Nusli Wadia Land deal
- 926 bank branches in Mumbai been appointed by RBI to accept Direct Tax Payment
- SFIO may soon get nod initiate prosecution in Satyam case
- No further reduction in corporate, excise and service taxes in next Budget
- ICAI written CBDT on Undue hardship faced by assessees on account of delay of refund in scrutiny cases in respect of A.Y. 2007-08
- Check your credit rating before applying for loan
- 150 investors rally against Income – Tax dept
- ITAT Mumbai benches not functioning from 18.05.2009 to 22.05.2009
- Supreme Court explains Dharmendra Textiles penalty judgement in the case of UOI vs. Rajasthan Spinning
- Estimated expenditure towards warranty is allowable u/s 37 (1): SC
- Highvalue Cheque Limit increased to 5 Lakh
- Central Excise circular on manner of scrutiny of ER1, ER2 and ER3 returns and returns submitted by dealers
- DOT will appoint special auditors to audit revenue figure of top 4 telecom companies
- SEBI Circular on Allocation methodology of debt investment limits to FIIs
- SEBI circular on Simplified Listing Agreement for Debt Securities
- SEBI circular on Compliance with Regulation 16(8) of SEBI (Portfolio Managers) Regulations, 1993
- CBDT issued notices to those having a/c with LGT Bank, Germany
- Interest Free Loan from a non-relative is not liable to tax
- ICAI Disciplinary Committee decision in breach of natural justice is invalid
- ICAI planning specific accounting standards for insurance sector
- Direct Tax Rates May Come Down in Next Budget
- Indian Government Provided forged documents : Swiss government
- Mvat – Mandatory filing of e-return, Acceptance of returns/challans not containing valid TINs
- CBDT postponed payment of TDS in form No. 17 to 1st July 2009
- ICAI committee to submit its report by June in respect of Satyam fraud
- Now Expect Income Tax Refund in Four Months
- Bombay HC dismissed the SABMiller writ petition on the ground of decision in Vodafone
- Parle-G, haven’t raised price since 1994
- Prerequisite of section 12AA of IT Act for rejection of registration of a trust
- Non-compete right’ acquired by an assessee is eligible for depreciation under clause (ii) of section 32(1) of IT Act
- When information available in public domain is not sufficient to make the comparisons possible, then some approximations and reasonable assumptions are to be made
- AAR on Allowability of deduction under sections 36(1)(viii) and 36(1)(viiia) of IT Act claimed by a Government company
- Sharing of knowledge shall not be called as consulting engineering service when expertise acquired by a concern is also used for its own benefit along with others
- Contract for sale of goods will not be covered within ambit of section 194C of Income Tax Act, 1961
- Allowability of loss to be carried forward and set off against future income U/s. 80 of IT Act
- Mere fact of confirmation of addition cannot per se lead to confirmation of penalty U/s. 271(1)(c) of IT Act
- Limitation of time is not a determining factor in matters relating to remission or cessation of liabilities
- CVC launches prosecution against 5 CBEC officers; imposes major penalty on three CBDT officials
- Income tax forms in excel, word & PDF format
- New Training Structure for the students of CS Course
- Problems in E-return filing due to discrepancies in TINs or otherwise
- I-T department slaps Rs 400-cr notice on DLF for the fiscal year ended March 31, 2006
- SEBI not yet issued notification on peer review of statutory auditors of listed companies
- Government plans to impose anti-dumping duty on imports of front axle beam and steering knuckles
- RBI asked banks to review their existing policies for lending to MSEs
- Excise Board on track to E-payment and Automated Central Excise and Services
- ICAI raised doubt on accuracy of audited financial statements of Allahabad Bank, Vijaya Bank and the Central Bank of India
- CAG plans to move from cash to accrual basis accounting
- PricewaterhouseCoopers asked staff to take unpaid leave to cut costs: Here’s how you can do it too
- CBEC issued circular on Monitoring & disposal of pending appeals
- ICAI sought Clarification regarding new Form No.17 – from CBDT
- ICAI issues notices to 11 more audit cos with foreign tie-ups
- Beating slowdown, chartered accountants bagged jobs with top-notch companies in the latest campus placement
- Wealth Tax Act Forms in Excel Format, Word Format & PDF format
- Analysis of relief provided in Forex accounting norm for companies
- SC dismissed service tax demand of over Rs 2200 Crore from Lottery Agents
- Penalty can not be imposed where the controversy is regarding the legality of the claim made by the assessee: SC
- Know, why Its not the right time to invest in a house property
- Shocking-95% Appeals By Deptt. Quashed By CESTAT-Bangalore
- Income-tax Act is a “National Disgrace” – Justice Dalveer Bhandari, Supreme Court
- Can the contents required in ITR (Income Tax Returns) be contrary to the statutory provisions of Income Tax Act, 1961?
- Give copies of answersheets under the Right to Information Act, court tells ICAI
- New Pension System : A study in question answer mode
- Bank of Baroda’s (BoB) New York branch account was used to cook up Satyam balance sheet: SFIO
- A.S. Vasan & Sons (Bombay) Vs. The Union of India (Bombay High Court)
- Income Tax Department unearth penny stock scam worth 10000 cr?
- Media cannot be restrained from reporting confidential information of a company
- The government may exempt partnership firms and limited companies from paying stamp duty
- Sebi may ask small companies to pay a lumpsum fee for listing
- The government plans to bring out yet another clarification to exclude banks from the purview of its revised foreign investment norms
- Wipro develops software that switches off computer automatically
- Exclusively Structured Campus Placement Programme for Small and Medium Chartered Accountancy Firms
- No change in Examination schedule of Examinations to be held from 1st June to 15th June, 2009: ICAI
- Convocation for the newly enrolled Members for the period from September, 2008 to February, 2009
- Revised guidelines for network amongst the firms registered with the Institute of Chartered Accountants of India
- Multipurpose Empanelment (MEF) for Chartered Accountnats started for the year 2009-10
- Relaxation of due date for uploading MVAT e_returns for period ending March 2009
- Raju gratest cook : Cooked books by 27167 Crore
- TAN – FACTS WE SHOULD KNOW
- Department filed appeal against KBC winner in High Court
- ICAI issued notices to E&Y, Deloitte
- ICAI extended due date for completion of 100 Hours IT training
- For faster processing of Income Tax Refunds IT dept coming with Central Processing centre in Hyderabad
- RBI Circular on Buyback / Prepayment of Foreign Currency Convertible Bonds (FCCBs)
- Foreign Exchange Management (Deposit) Regulations, 2000-Loans to Non Residents / third party against security of Non Resident (External) Rupee Accounts [NR (E) RA / Foreign Currency Non Resident (Bank) Accounts [FCNR(B)] -Deposits
- RBI Circular on External Commercial Borrowings (ECB) Policy – Liberalisation
- Announcement regarding the transfer of articles
- Govt not fully geared up for change in TDS Rules relating to payment of TDS
- Tech Mahindra plans to appoint two auditors at Satyam Computer Services
- Profits from sale of jaggery is not an agricultural income: ITAT Delhi
- Tax gains, easy compliance in comparison to companies set to make LLP popular
- I-T Dept makes online info submission mandatory for remittance of money to non-residents
- RBI, finance ministry divided on FDI relaxation given by of Press Notes
- Disallowance deduction u/s 80HHC in a case of MAT assessment is to be worked out on the basis of the adjusted books profits under Section 115JA of the Income Tax Act, 1961
- For any expenditure to be permitted as deduction under Section 37(1) of the Act the twin conditions which are required to be fulfilled are that the expenditure in issue should not be of a capital nature, and that, it should have been expended wholly for the purposes of business
- ICWAI made 6 Cost Accounting Standards mandatory w.e.f. period commencing on or after 1st April 2010
- BIG FOUR CA firms plead for help amid fear of lawsuit-Britain
- CAR won’t come down below minimum required despite high NPAs: RBI
- SEBI asks listed companies disclose the voting rights break up of shareholders for each class of security issued
- SC ask IT department why Bachchan was given tax rebate
- ICAI planning to change syllabus to include CAAT, IFRS, VAT, Management accountancy and internal auditing
- Income Tax department asked to pay cost for retaining the books of Assessee for more then 15 days
- Satyam auditors played key role in scam: CBI
- Election Commission blocks service tax sops for SEZ units & Developers
- Applicability of the provisions of the Export of Services Rules, 2005 in certain situations
- Auditors may get power to directly verify financial information of their clients with banks
- SEBI asks companies to declare dividend on per share basis instead of Percent basis
- RBI proposed Payment of Interest on Savings Bank Account on a Daily Product Basis from 01.04.2010
- ICAI selects 1,240 CA firms for peer review
- PwC auditors ‘ignored’ Satyam fraud for exorbitant audit fee
- Foreign Direct Investment in India -Transfer of Shares / Preference Shares / Convertible Debentures by way of Sale – Modified Reporting Mechanism
- IRDA not to have panel of auditors for statutory audit
- Date of Purchase for higher rate of depreciation on Purchase of Commercial Vehicle extended to 30th September 2009
- Uploading of MVAT electronic returns by refund claimants and ‘nil’ return dealers
- 75-year-old former Income Tax Officer wins defamation case against CBDT chairman and 2 Commissners with damages worth Rs 5L
- Grant of Administration Relief to unregistered dealers under MVAT Act
- RBI to phase out high value clearing for Cheques drawn over 1 Lakh Rupees
- Banks allowed to open ATMs without Central Bank approval: RBI
- RBI to withdraw NPA relaxation facility from 1st July 2009
- Interest paid or payable to the micro, small and medium enterprises required to be reported in 3CD report
- RBI cuts Repo & Reverse Repo rates by 25 basis points, loans to go cheaper
- RBI deal with the problem of black money being hidden in tax havens by continuously updating its regulations
- CA, CS and cost accountants facing disciplinary action can now appeal to specialised appellate tribunal instead of high court
- HC & Sc judgment prevail over excise department circulars & Instructions: SC
- Development Authorities/ Urban civic bodies under CBDT’s lens
- Three more credit information companies get RBI nod to do business
- Service Tax – Access to registered premises – Empowerment of Officers thereof
- Certification by Central Board of Film Certification(CBFC) do not constitute taxable service
- Schools running transport services for their students not liable to pay service tax
- Service Tax – Clarification regarding leviability of service tax on ship broking activity
- Business Auxiliary Services – Commission received by Directors not liable to Service tax
- Service Tax – Utilisation of accumulated CENVAT credit restricted in terms of erstwhile Rule 6(3)( c) of CENVAT Credit Rules, 2004
- Levy of service tax on production of Alcoholic beverages on job work basis
- Cenvat credit of excise duty/CVD paid on goods used in providing Supply of Tangible Goods service
- Delhi High Court held levy of service tax on Commercial Rent Unconstitutional
- SAT cannot set aside orders passed by SEBI U/s. 12(1) of the SEBI Act related to registration of brokers: SC
- If any payment of income chargeable under the head ‘Salaries’ falls within Section 9(1)(ii) then TDS provisions would stand attracted – SC
- Amendments to SEBI (Disclosure and Investor Protection) Guidelines, 2000 – Filing of draft offer documents for public/ rights issues, with Western Regional Office of SEBI at Ahmedabad
- ICAI to set up Risk Management Committee by May
- Satyam Auditors involved in falsification of accounts – SFIO
- ICAI hosted Specimen Multipurpose Empanelment Form for 2009-10
- CA been arrested in Mumbai for credit card fraud
- NSDL hiked the fees for E-Filing of TDS, TCS & AIR Return & TAN application
- Loan approvals may be linked to phone bills, insurance payments in addition to your redit card and debt payment record
- CA Articles can get Transfer till 30th April 2009 as per old Rule : ICAI
- Leave out freight, insurance in calculatuion of Assessable Value for Excise Duty : SC
- Investment of more then 50,000 in NSC and more then 1 lakh in ULIP investment may need PAN
- Bombay HC ordered ICAI to provide a fair hearing to PWC Partner in GTB case
- GST to be aligned with foreign trade after April 1, 2010
- Satyam’s independent directors get clean chit from SFIO
- MVAT Rate of tax on Timber is 12.5% from 1st April 2009.
- Insertion of New Clause in ITR 2 & ITR 5
- ICAI opposed the proposed sale of Satyam Computer Services to Tech Mahindra
- ICAI issued notice to big four accounting firms to provide information on their international affiliations
- Lawyers not liable under Consumer Protection Act, 1986: SC
- Government planning to have just one Registrar of Companies (ROC) in Delhi
- Companies (Issue of Indian Depository Receipts) (Second Amendment) Rules, 2009 – Amendments in Schedule – Notification No. G.S.R. 251(E), dated 15-4-2009
- Online Membership Payment facility for Chartered Accountants including facility for Advance Fee Payment
- ICAI started Master in Business Finance Certificate Course : President
- Recommended Scale of Fees for various kind of assignment/ work done by the members of the Institute
- Exporters won’t require CA audit to avail 2% interest rate subvention
- Procedure to Incorporate a New Limited Liability Partnership
- Tech Mahindra Emerged as winner for Satyam at Rs. 58 Per Share + Legal liabilities
- KPMG and Deloitte found instances of Amateurish forgery in Satyam books
- ICAI told auditors to demand detailed disclosures from banks about loans restructured by them
- Listed companies would be audited only by the Peer Review Board certified Auditors
- ICAI, ICWAI & ICSI yet to recognise Limited Liability Partnership (LLP)
- ICAI seek more power for auditors to chase the source of funds declared by companies while auditing accounts
- PWC standing behind its tainted partners caught up in Satyam scandal
- Service of notice and the time limit for issuance of notice under subsection (2) of section 143 of the Income-tax Act
- Presumption as to books of accounts, other documents, etc. found during survey
- Extension of time limit for conditions to be satisfied by a provident fund for receiving or retaining recognition under the Income-tax Act
- Authentication of documents/notices/letters issued by Income Tax Authorities
- Clarification regarding satisfaction for initiation of penalty under subsection (1) of section 271
- Delay in issuance of income tax refunds topped the list of complaints received by IT Ombudsman
- RBI Issued Circular on Prudential Guidelines on Restructuring of Advance by Banks
- Before enactment of Section 66A tax on services received from persons abroad are without merit
- Rationalization of provision of Securities Transaction Tax & discontinuance of Rebate U/s 88E
- Consequence of non-filing of appeal in respect of cases where the tax effect is less than the prescribed monetary limit
- Rationalisation of revised Settlement Scheme
- Clarification regarding stay of demand by Income-tax Appellate Tribunal
- Consequences of non-deduction of tax at source (TDS)
- Amendments to the provisions of Dematerialisation of TDS and TCS certificates
- Intimation under subsection (1) of section 143 deemed to be a notice of demand
- Provision for assessment in the case of annulment of the proceeding under section 153A/153C
- If an income has escaped assessment and which has not been subject matter of an appeal, reference or revision, notice U/s 148 can be issued for assessment or reassessment of that income
- Department crediting your Income Tax Refund to their own Account
- Service tax payable on re-rubberizing charges collected for reconditioning of used old rollers
- TDS Provision U/s. 194C applicable to association of persons and body of individuals
- TDS provisions are not applicable on Corporate Bonds issued in dematerialised form and listed on a recognised stock exchange
- Correction of arithmetical mistakes and adjustment of incorrect claim in Income Tax Return filed can now be done
- Assessing Officer (AO) has been given power extend the time for completion of special audit
- Checklist for preparation and filing of Income Tax Returns for F.Y. 08-09 i.e. A.Y.09-10 of Individual and HUF Assessee
- Government imposed 5% Income tax on Non Resident Indian (NRI) over their world-wide income w.e.f. A.Y. 2009-10
- CBDT set up special task force to suggest ways to prevent abuse of double taxation avoidance agreements especially with Mauritius and Cyprus
- Limited Liability Partnership Act comes into effect from 01.04.2009 but legal and tax hurdles remain
- Satyam ex-CFO gives clean chit to auditors S Gopalakrishnan and Talluri Srinivas of audit firm Price Waterhouse
- No evidence suggesting involvement of PWC Auditors in Satyam Scam
- Download ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6, ITR 7, ITR 8 & ITR V in Excel for A.Y. 2009-10
- Cost and Works Accountants (Amendment) Regulations, 2009 – Amendment in regulation 12,13,14,15,15A; Substitution of regulation 7,11,16,17,18,80,85,93,95,104; Insertion of regulation 15B, 85A, 97A, 97B, 111B; omission of chapter VII containing regulation 52 to 70A
- CBDT notified Income Tax Return Forms (ITR ) for A.Y. 2009-10/ Financial Year 2008-09
- Summary of amendment in rules for TDS / TCS procedures and payments; furnishing of information in respect of payment to non-residents
- Requirement to mention Permanent Account Number (PAN) will bring Small service providers under tax net
- ICAI objects to RBI group’s suggestion for autonomy to the Accounting Standards Board
- Handoo and Handoo becomes first LLP company of India
- TDS on foreign salary is reqd to be deducted even though assessee is not the payer
- Capital expenditure on scientific research has to be in connection with the Assessee’s business to be allowable under section 35 of IT
- Deduction under section 80-1A/1B of IT Act can not be disallowed for running a new unit with some plants & machineries taken on hire
- Penalty U/s. 271(1)(c) can not be imposed on the basis of routine & general presumptions
- Advance Ruling on entitlement of a non-resident company inter alia to benefits of section 55(2)(b)(i) of IT Act in respect of bonus shares allotted to it by an Indian company
- Advance Ruling on taxability of an Australian company for providing basic engineering services to an Indian company under an agreement
- Penalty U/s. 271(1)(c) of IT Act can not be imposed for mistake in calculation of deduction If Assessee furnished all the details
- To invoke provisions of section 142A of IT Act there should be something on record.
- Income under each head has to be computed only after considering the income from various sources under the same head
- If Assessee shown that the donors are related or are close family friends, then the onus shifted on the AO to show that what is pretended to be a case of natural love and affection is not borne out from facts
- Notional advantage will not form part of actual rent received
- Assessment can not be reopened merely on the ground of change of opinion of Assessing officer
- Major amendment in Fringe Benefit Tax applicable from A.Y. 2009-2010
- Granting of power to the assessing officer to extend the time for completion of special audit under sub-section (2A) of section 142
- Deemed payment of tax by the employee where FBT on securities (ESOPs) allotted to him is recovered by the employer
- Explanation on Relief in respect of tax on distributed profits of domestic companies
- For Calculation of Book Profit u/s. 115JB profit need to be increased by deferred tax and the provision thereof, if debited to profit and loss account
- Partnership firms & Other Non Corporate Bodies have to abide by AS 11: ICAI
- Now You can pay your stamp duty at Post Office
- Form 17 is applicable only for payment of tax deducted or collected at source on or after 1st April 2009
- BJP promises Income Tax exemption up to Rs 3 lakh
- ICAI – Announcement Relating to AS-11
- KPMG faces $1-bn law-suit in America for negligence in Audit
- Summary of Major Changes in TDS Payment Challan and TDS return Applicable from 01.04.2009
- Five year tax holiday for hotels located in specified districts having a world Heritage Site U/s Section 80-ID of the Income Tax Act, 1961
- Five year tax holiday to hospitals located in certain areas under Sub-section (11B) of section 80-IB
- Sunset provision for deduction for refining of mineral oil under subsection (9) of section 80-IB
- Additional deduction U/s 80D for health insurance premium / mediclaim premium paid for parents
- Conversion of FCEBs into shares or debentures of any company shall not be treated as a ‘transfer’ within the meaning of Income-tax Act
- Government is likely to exempt the services provided inside the Special Economic Zones from service tax
- ICAI Communication to members providing Articles Training to Articled Assistants
- After Vodafone department send notice to E*Trade Mauritius to pay capital gains tax
- 40A shall also be attracted where cash payments made to a single party exceeds twenty thousand rupees in a day.
- Reverse mortgage created under a scheme made and notified by the Central Government shall not be regarded as a transfer U/s. 2(47)
- Commodities Transaction Tax is applicable w.e.f. 01.04.2009
- Even if Income is exempt Assessee need to adjust written down value of fixed Assets with depreciation as per Income tax Act, 1961
- Expenses paid or credited in the month of March are allowable if TDS paid on or before due date of filing Income Tax Return
- Preliminary expenses after commencement of business allowed to non industrial undertaking too
- Stock brokers cannot set off losses in the trading business against their other income : Bombay High Court
- Excel Format of Form 16 Salary Certificate, 16A TDS Certificate
- 66% Indian Companies do not have policy for rotation of the members of their audit committees
- Weighted deduction for sum paid to a company to be used by such company for scientific research
- Exemption of income of Agricultural Produce Marketing Committee/Board & Coir Board
- Deduction under section 10A and 10B is available till assessment year 2010-11
- Income of Sikkemese individual is exempt from Income Tax w.e.f. A.Y. 1990.91
- Extention of date for existing mannual system for accepting applications for declarations till 30/06/2008: MVAT Cir-12T of 2009
- Tax department started providing your tax payment & TDS details like a bank statement
- Cost Audit may cover more industries in Private Sector specially all petroleum, power firms
- Can department file an appeal against its own circular?
- Condition precedent for claiming deduction under section 42 of IT Act : ITAT Ahemdabad
- Condition precedent for invoking provisions of section 142A of IT Act : ITAT New Delhi
- Each well or a cluster of wells producing mineral oil would be an undertaking eligible for tax holiday under section 80-IB of IT Act : ITAT Ahemdabad
- Excess tax paid by the employer can not be taxed in the hand of the Assessee
- Onus for proving gifts as genuine is on Assessee but same is not fixed : ITAT Lucknow
- Notional benefit will not form part of actual rent received as contemplated by section 23(1)(b) of IT Act
- Amount excluded from export turnover should also be excluded from total turnover for purposes of sections 10A or 10B of IT Act, 1961
- Assessment can not be reopened for change of opinion U/s. 147 of the Income Tax Act, 1961
- Announcement for Empanelment as Peer Reviewer with the Peer Review Board : ICAI
- List of Statutory Branch Auditors recommended by RBI to Public Sector Banks for – 2008-09
- Central Excise and Service Tax Department has launched a pilot project for the implementation of Automation of Central Excise and Service Tax
- Advancement of any other object of general public utility not a Charitable purpose if fees or other consideration charged
- PAN CARD TO COST MORE W.E.F. 01.04.2009 (RS. 94)
- The income-tax (I-T) authorities are waiting for the Board of Control for Cricket in India (BCCI) to file its returns for fiscal year 2009
- ICAI, NACAS cross swords over accounting norms related to MTM losses
- No BCTT shall be charged in respect of any taxable banking transaction after the 31st day of March, 2009
- Rates for computation of advance tax, deduction of income-tax at source from Salaries, and charging of income-tax in certain cases during the financial year 2008-09
- Rates for deduction of income-tax at source from certai incomes during the financial year 2008-2009.
- income derived from saplings or seedlings grown in a nursery shall be deemed to be agricultural income
- TDS Amendment – Payment Due Date/ Mode, Furnishing of TDS certificate
- Income tax department sleuths detected unaccounted cash worth over Rs 8 crore
- Tax losses need to be carefully evaluated during acquisition
- coaching classes for C.A. student shall not continue after 9.30 a. m. or start before 5.30 p.m.
- Sony India Pvt. Ltd. Versus Commercial Tax Officer & Anr (Supreme Court)
- Clarification on Auditor’s Responsibilities Relating to Restructuring of Advances
- Change in procedure related to Certification of remittance outside India by a Chartered Accountant (CA)
- ICAI is mulling changes in the chartered accountancy course
- ICAI approached MCA to discuss working of foreign firms offering Audit services in India
- ICSI given clean chit to Satyam company secretaries
- ICWAI will develop 39 cost accounting standards
- Download free CD released by ICAI on ‘Bank Branch Audit – An Overview
- No Proof against Satyam Auditors: ICAI President
- I-T department moved SC challenging relief given by Bombay HC seven and half year back to Amitabh Bachchan in a case related to KBC
- NACAS postponed the implementation of Accounting Standard 11 (AS 11) to 2011; companies need not to provide for MTM Losses
- Indian subsidiaries of foreign companies employing expatriates to deduct tax at source on their entire salary including salary paid outside the country by the foreign parent : SC
- No charge on cash withdrawal from ATM machine of other bank w.e.f. 01.04.2009: RBI
- Trade Cir-11T of 2009 – Luxury Tax on luxuries provided in hotels from 1st May 2004 to 30th April 2005
- Morgan Stanley Advantage Services Pvt. Ltd. Vs. ITO (ITAT Mumbai)
- Payment for transfer of right to use software loaded on hardware – not royalty
- Amount settled under premature payment option, leading to future sales tax not payable, is revenue income
- Where income is shared by two or more persons, credit for withholding tax is to be shared in same ratio
- Service Tax department clarified DICGC Premium is exempt from service tax
- I-T dept moves court over ITAT’s demand for verifying the reasons for conducting a raid
- I-T dept considering tax imposition on carbon credits
- Wilful concealment is not an essential ingredient for attracting penalty under section 271(1)(c) of IT Act : ITAT Mumbai
- The provision for a liability is amenable to a deduction if there is a reasonable element of certainty that it shall be incurred and can be estimated: Delhi HC
- The levy under section 234B is compensatory in nature and is not in the nature of penalty: HC Delhi
- In case of gift from NRI not related to Assessee ,onus is on the Assessee to substantiate the claim of genuine gifts: ITAT, Mumbai
- Depreciation @ 60% is allowed on Computer peripherals & accessories
- All types of wells and tube-wells would be included in the term building : ITAT Ahmedabad
- Time limit prescribed for issuance of notice under section 143(2)(i) or 143(2)(ii) of IT Act : ITAT Mumbai
- Condition precedent for claiming exemption under section 54 of IT Act: ITAT, Hyderabad
- Income Tax Department raid at Buldhana credit society
- IT department can now track down fraudulent electronic transactions
- Swiss bank revealed Indian have more money then rest of the world
- ICAI wants more time for auditors to complete statutory Audit of PSU Banks
- MVAT circular on filing of revised return as advised by the Auditor in Audit Report
- American Kids can’t afford mediocrity when competing with Indian kids: Obama
- Good News: ICWAI members can practise in US
- ICAI – Important Announcement for Statutory Bank Branch Auditors: 2008-09
- ICAI announced General Amnesty for Restoration of Names from Register of Members
- ICAI – Eligibility Test for ISA PQC scheduled to held on 10th May, 2009
- New Rule on Tax Credit clarified person other then deductees who else can claim Tax Credit
- CBI arrests CA Sunil Shah & tax consultant Dinesh Mathuria for graft
- Sebi to revise client-broker agreement norms to stop squandering of client
- HDFC Bank fined for forcible seizure of car financed by it
- Educational loans provided by the banks are meant only for poor and meritorious student: Madras HC
- ICAI cancelled Online Common proficiency Test scheduled on 29th March,2009
- ICAI announces date of CPT Exams June 2009
- PwC maintains that it did not play any role in the alleged financial irregularities of Satyam
- 5 Steps to prevent income tax raids, searches and seizures
- Revised Format of Service Tax Return ST-3 in Excel Format
- Fund managers not willing to annouce dividend this year
- Companies will be bound to restate their financial statements if auditors raise objections
- IPL Official in Service Tax Net
- ICAI – Announcement for June 2009 PCE Examiniation
- ICAI seeks AP court permission to examine sacked PW professionals
- Sebi proposed to extend trading hours to align the domestic bourses with international markets
- Fixed Deposit & Government Bond, where to invest?
- SBI get installed anti-money laundering software
- PWC named two more Auditors in Satyam Scam
- New Income Tax Notification on Credit of TDS on the basis of info submitted by deductee
- Supplementary List of Chartered Accountants Eligible for Empanelment for 2009-12 for Audit of Co-Operative Banks
- PWC get 3rd extension for reply from ICAI in Satyam case
- ICAI opposes RBI move to relax the provisioning norms for NPA
- Important Announcement Bank Branch Auditors 2008-09: ICAI
- PSB need to take CBI’s clearance before allowing one-time settlement of bad loans
- Companies which commit criminal offence, cannot be sent to jail
- Summary of Amendments In Foreign Trade Policy 2004-09
- Pyramid Saimira to challenge I-T dept in court on Monday for against the IT dept. decision to attach bank a/c
- ICWAI will get more statuary recognition : MCA
- What is the right medicine for C.A. profession?
- IT department widened the scope of the investigation of the tax liability on Vodafone-Essar
- Frequently Asked Questions about Trade Marks
- CBDT amended income tax rules for Provident Fund Trusts by amendment in rule 67
- ICAI plan to scrutinise books of companies that have seen independent directors resign in the last two months
- E&Y appointed by RBI to review performance of RBI General Managers
- ICWAI will take action against Ex Satyam CFO Vadlamani Srinivas
- CBI will probe role of regulator in Satyam case
- Clarification Regarding Deduction Under Section 10B vide Instruction No. 2/2009 dated 09.03.2009
- Time Limit of section 149 (3) not applicable to voluntary agents: ITAT Mumbai Special Bench
- FAQ on reduction of service tax rate in view of Notification No 8/2009 – ST dated 24.02.2009
- NOTE ON DUTY RATES UNDER CENTRAL EXCISE- 24.02.2009
- SEBI recommended Separate disclosure norms for listed firms’ rights issue
- Finance ministry agreed on One-year term loan repayment moratorium for textile units
- Centralised E-registry of mortgaged homes on cards to Less scope to cheat: IBA
- Service tax returns can now be filed online
- Excise revenue dips and rise in number of defaulters
- Allowability of estimated loss on valuation of fixed price contract under the Income Tax Act, 1961
- ICAI may defer AS 11 relaxation which may take its toll on the bottom lines of Indian companies
- Sell Investment in shares made less than a year ago to lower tax burden
- Loss from fire- Can Assessee claim the expense in the Year in which his claim for loss been rejected?
- Direct tax collections not likely to meet govt’s target
- ICAI will conduct workshops for CAs at senior positions in PSU
- CBDT will be consulted before changing insurance Form : IRDA
- Banks don’t want CAs to appear before Debt Recovery Tribunal (DRT)
- ICAI Council Clears Two More Auditing Standards to Enhance Quality of Audits
- Clarification regarding deduction u/s. 10B of the Income Tax Act, 1961
- MVAT Notification for mandatory filling of e-returns for all periods from April-2005
- Acknowledgement of Nomination- Banking Companies (Nomination) Rules, 1985
- Tax implications of ‘employee secondment’ contracts : ITAT Bangalore
- Even a Contractor is a “Developer” for purposes of s. 80-IA(4): ITAT Jaipur
- Power transmission firms demand TDS waiver on wheeling charges
- Service Tax department issuing notices to sub-brokers
- ITAT Mumbai allowed Bank of America to set off losses against profits
- Peer audit review of Sensex-Nifty cos soon: SEBI
- ICAI – Will watchdogs on a tighter leash turn bloodhounds?
- Circular on Filing of claim for refund of service tax paid under notification No. 41/2007-ST dated 6/10/2007
- ICAI tightens auditing norms to prevent frauds
- SC upholds sacking for delay in payment of taxes
- Income Tax Dept. accused Telecom companies of deducting TDS at lower rates
- ICAI wants more powers to wash off Satyam stain
- ICAI approached Finance Ministery & RBI to Reverse decision on bank auditors
- Classification of income received by a promoter from a developer for cancellation of a building project
- Assessment of agent of non-resident, Option is with Income Tax Authorities: ITAT Mumbai
- Section 54EC of IT Act is an independent provision not controlled by section 50
- Specification of agricultural lands which fall outside scope of “capital asset”
- There is no separate identity given to “perquisites” for purpose of section 192 of IT Act, 1961
- Allowability of provision for warranty liability claimed by a product seller
- There is no requirement that there has to be a registered Deed of conveyance for a person to be treated as an owner for the purpose of section 22
- Setting off of unabsorbed depreciation of earlier years against income of subsequent year under section 10A of IT Act is not admissable
- While computing Income from House Property only deductions as enumerated under section 24 is admissable
- A finer distinction between creation of rights – An allotment of shares is a “creation” of shares and not a “transfer” of shares
- Internal Auditor cannot be tax auditor – Further Clarification by ICAI
- 3 Months’ Residential Programme on Professional Skills Development – ICAI
- Forex from overseas film rights is admissible for deduction under Section 80HHC
- Income confessed as undisclosed during survery cannot be assessed : ITAT Mumbai
- High Court upset with Terror Tactics of Custom Dept
- FCCB Buyback deadline may be extended by six months
- IT dept refuses to disclose info on IAS officials under RTI
- Last date for payment of advance tax is March 15, Pay Tax to avoid Interest
- Auditors may get powers to refuse signing a company’s accounts if not found in order
- ICAI considering Proposal for Mandatory Audit by Mutiply Auditors
- Satyam Open Offer will attract Capital Gain as its off Market Sale
- Finmin refused to relax FBT norms for exporters
- Director not liable for Company’s taxes unless found guilty of misfeasance
- Income Tax raids on electricity department offices
- Allowability of deduction under section 80-IA of IT Act, 1961 claimed by a works contractor
- Bona fide reason to believe that there is escapement of income is sufficient for issue of notice under section 148
- Part Performance of Transaction fall within ambit of section 2(47) of IT Act
- Imposition of penalty on basis of findings given in assessment proceedings
- ICAI to set up ratings system for corporate governance
- Notification on Service Tax Exemption Granted to Special Economic Zones
- Online Updation of Address for Chartered Accountnats
- When an expenditure payable is waived subsequently, resulting in refund or benefit to the assessee, it is taxable as income
- Accounting firm PWC overhauls Indian operations
- ICAI to form Review Reporting Board to inspect audit reports
- I-T Department searches at Anand Jain’s home, offices
- Former ICAI President Ved Jain & Lawyer O P Vaish appointed nominees on Maytas board
- IT Department in Mumbai yet to recover 1000 Crore Self Assessment Tax
- SEZ developers and units allowed exemption from service tax
- Special Economic Zones (SEZ) units and developers Can now claim refund of tax paid on Input Service
- Merger of RIL & RPL will be tax neutral for RPL Shareholders
- ICAI – A brief report on the meeting with the officials of CBI
- ICAI – Important Announcement – Opening of New Centre at Sri Ganganagar for Chartered Accountants June-2009 Examinations
- Tax authority in the US made disclosure of offshore accounts mandatory for all
- I-T dept moves HC over ITAT decision on allowability of Depreciation on BSE card
- 2% incentive on Export of garment, leather to EU, US from Apr 1
- Excise Duty exemption not available to SSI for goods carrying brands of other companies
- No permit required for import of old machines : SC
- RBI cut repo, reverse repo rate by 50 basis points each
- CAG to conduct three-phase audit of 80 PSUs including IOC, SAIL
- EC will monitor poll expenses with the help of Income Tax Department
- Exemptions for Chartered Accountants in Examinations Conducted by Insurance Institute of India : ICAI
- Govt cannot claim precedence over properties of Sales Tax defaulter: HC
- SC ask telcos to move appropriate forum on sales tax issue
- Tally released ERP Version, Download for Free
- 10 things to be done before March 31 by individual Assessee
- What is a Birth Certificate and Why it is Essential?
- In cases of a group, coordinated investigation is a relevant ground for transfer of its case under section 127 of IT Act
- Treatment to be given to unclaimed debenture amount when same is used by assessee-company for its business: HC Mumbai
- Important Announcement for CA Students
- I-T officer spills beans, boss held in graft case
- Wealth-Tax (Second Amendment) Rules, 2009 – Amendment In Rule 3A
- Man in Mumbai admits to tax evasion, pays Rs 22cr
- AAR on admissibility of an application when same is hit by embargoes laid down by section 245R of IT Act
- Increase in turnover cannot be the sole criteria for steep increase in remuneration payable to director
- National Consumer Commission fined Kaun Banega Crorepati – 3 Rs. 1 Crore for unfair trade practice
- Mandatory cost audit: Do we really need it?
- India lifts six month ban on import of toys from China
- Road Construction is exempt from Service Tax: CBEC
- 1 lakh Indians will return back from US in next 3-5 years
- ICAI constituted Special Group
- Tax Dues claim priority over private debts: SC
- Service tax and excise duty relief will not benefit much to hospitality industry
- CA rules under government lens
- Service tax cut-off date unclear even after more then a week
- ICAI President`s Message to CA Pariwar
- Tax hounds chase defaulters as TDS target set to fall short by 10%
- Campus Placement Programme for newly qualified Chartered Accountants
- Monetary limit prescribed by CBDT for filing of appeal by revenue
- Land used for internal roads of the factory and play ground for workers of the factory is taxable as wealth of the company,
- Enquiry to be made by AO under section 40A (2) (a) of IT Act in case payment of remuneration to director is excessive or unreasonable
- Rights of owners versus right of company in liquidation over title deeds mortgaged by owners’ POA for raising loans
- Guidelines for calculation of total foreign investment i.e. direct and indirect foreign investment in Indian companies.
- Clarificatory guidelines on downstream investment by Indian Companies.
- Guidelines for transfer of ownership or control of Indian companies in sectors with caps from resident Indian citizens to non-resident entities.
- Foreign investment in Print Media dealing with news and current affairs
- Credit on Mobile Phone Bill is admissible when the calls made from the mobile were relatable to the business of the assessee even when such phones were not installed in their premises.
- CBI lays trap, arrests Additional Commissioner and subordinate; stumble upon properties worth crores
- CBI detains I-T officer T V Mohanfor graft & Serched Additional comm. of IT, S M Keshkamat
- Amendments in Schedule-I (Imports) to the ITC (HS) Classifications of Export and Import Items, 2004-09
- MVAT AUDIT REPORT CAN BE SUBMITTED ON 28FEB & 1MAR. ON 2MAR UPTO 9PM
- Tax fraud through abuse of charities: OECD Survey
- Bloggers can be prosecuted for views: SC
- Moving courts is a luxury which few can afford: SC
- Maytas firms’ auditors told to respond to notices in 30 days :ICAI
- Rate of Exchange for Import and Export of Goods – supersession of the notification No.18/2009-Customs (N. T.), dated the 28th January, 2009
- Circular on Levy of cess on sugar manufactured out of cess paid raw material/ input
- Certification of invoices for supply of goods from DTA to EOUs for claiming deemed export benefits
- Amendments in the notification No. 52/2003-Customs, dated the 31st March, 2003- Exemption to specified goods imported on procured by EOU’s, STP Units, EHTP units etc. for specified purposes
- New Circular on Duty Free Import Authorization (DFIA) Scheme
- Amendments in the notification No. 22/2003-Central Excise, dated the 31st March, 2003 – EOUs/EHTP/STP Units – Goods Manufacturing and Packaging or Job Work for Export – No Excise Duty
- RBI eased Credit Norm For Exporters
- ICSI panel to work on corporate governance norms
- Effectively utilize losses to reduce the tax burden
- Income Tax benefits of Medical insurance & Expenses
- Points to be Kept in Mind before filing Income Tax Return
- Taxman gears up to move apex court on its tax claims of around Rs 2,000 crore
- Bangalore IT park defrauds Rs 75.8cr to Income Tax Department
- Empanelment of CA Firms with Serious Fraud Investigation Office (SFIO)
- Member-CAs to be punished if found guilty in Satyam scam:ICAI
- Determination of annual value of a IInd house which is not let out
- Date which is material and relevant for purposes of computing limitation period in certain cases under IT Act
- Computation of depreciation in cases covered by Rule 8 of Income Tax Rules, 1962
- Recovery of sales tax and recovery of dues to Public Works Department not permissible without consent of BIFR
- Dues of Petitioning creditor relating to period beyond scheme under implementation by Board and not forming part of scheme, bar u/s. 22(1) of SICA does not apply
- On refusal by company to register transfer of shares appeal lies only to CLB and Civil Court has no jurisdiction
- Provisions u/s 22 of SICA not applicable to arbitration proceedings
- BIFR empowered by express provisions of SICA to curtail the rights of shareholders
- Properties acquired from common properties of common ancestor cannot be adjudicated by Company Court: Civil Suit not barred u/s. 397 to 407 of the Companies Act, 1956
- Service tax on Theatre owners on activity of screening of films supplied by Film Distributor
- Bharti gets Rs. 50 cr Income Tab bill for non-payment of tax
- Company undergoing liquidation not liable to clear property tax
- DGFT- List of Nodal Officers nominated to assist Exporters
- UTILIZATION OF INFORMATION IN THE AIRs RELATING TO F.Y. 2007-08 & SUBSEQUENT YEARS
- Excise Duty notifications to reduce effective rate of excise duty from 10% to 8%
- Notificcation No. 19/2009- Custom Duty amending various Notification and Provisions
- Commissioner Nashik seeking clarification in respect of levy of service tax on Repair/ renovation/ widening of roads
- Notification for Reducing Effective Rate of Service Tax from 12% to 10%
- Lok Sabha approved 2% cuts in excise duty, service tax
- Government Announce Excise and Service Tax Rate Cuts
- Assessment of income from running of business centre
- Inspection of Companies under Sec. 209A of the Companies Act, 1956
- When assessee has retracted statement, an addition should be supported by enough material in possession of department
- Treatment to be given to income from delivery based share transactions
- Release of New Code of Ethics – ICAI
- Applicability of section 194D of IT Act in case of a reinsurance company paying commission to insurance companies
- Condition precedent for raising presumption under section 132(4A) read with section 292C of IT Act against a person searched
- Taxability of fraudulent income earned under Income Tax
- Exchange Gain on Export of Goods & Service–Export Income (Sec-10B)
- Tribunal has no power to review its own orders adjudicated on merits
- COS CAN SUE POWER SUPPLIERS UNDER CONSUMER LAW, RULES SC
- SLUMDOG MILLIONAIRE BAG 8 OSCAR AWARDS & SMILE PINKY ALSO WON
- Allowbility of kickbacks/secret commission as business expenditure under section 37(1) of IT Act
- Power of Commissioner under section 263 of Income-tax Act
- Announcement on Admission as Fellow Member – ICAI
- Exim Bank’s Line of Credit of USD 20 million to the Government of the Republic of Niger
- Amendment in certain custom notifications
- Exempts goods when imported into India against a duty credit scrip issued under the Hi-tech Product Export Promotion Scheme
- Amendments in the notification Number 40/2006-Customs, dated the 1st May 2006 – Exempts materials imported into India against a Duty Free Import Authorisation
- Most Indian companies don’t have proper Employee Provident Fund (EPF) provisions
- Cases filed against 110 vanishing companies: MCA
- TRPS authorised to prepare TDS, service tax returns, too
- Non Resident Indians’ obligation to file Income Tax Return in India
- Amendments in the notification Number 94/2004-Customs, dated the 10.09.2004 Exemption to goods when imported against an Advance Licence for Annual Requirement
- MRTPC says consumers can’t be compelled to buy gas stove from a particular dealer
- Time to rethink your retirement plans, will you plan make money work for you?
- Get HRA rebate till you move into Your own house
- Exporters seek Sops/Exemptions to tackle strong rupee
- Sales tax hounds comb Mumbai for Tax evaders
- Service Tax Refund to exporters of 3 more services allowed
- Pension plans are essentially investment products & can be quite taxing
- Eight Common myths & misconceptions about tax
- Applicability of section 292B of IT Act in case return contains any mistake, defect or omission
- IT Department launched a campaign against TDS payment defulters
- Home Loan up to 20 Lakh & Some Other Type of Home Loan Classified as Priorty Sector Loan
- MEASURES TO PREVENT RECURRENCE OF FINANCIAL SCAMS: MOF
- When an order can be said to be erroneous for exercise of power of revision under section 263 of IT Act : ITAT Mumbai
- Info for persons Travelling in Auto Rickshaw in Mumbai
- CIRCULAR ON UTILISATION OF INFORMATION MENTIONED IN ANNUAL INFORMATION RETURN
- Raju May Teach Accountancy : Humour
- Fringe Benefit Tax on ESOP’S
- CA beaten by Real Estate Broker in Mumbai
- Citizens can use the Right To Information route to get even certified copies of court papers
- S. 115JA assessment is not liable for advance tax interest u/s 234B and 234C
- Advances to sister concerns must be presumed to have come out of own funds and not borrowed funds
- Reopening notice even if served after limitation period is valid: HC DELHI
- “Sham” lease transactions cannot be given relief as “financial arrangements”.
- SBI’s 8% home loan hotting up competition in the home loan segment
- Make the System of Appointment of Auditors Independent, Stop Cherishing and Act on Realities
- Exercise of revisionary jurisdiction under section 263 of Income Tax Act, 1961: ITAT Delhi
- TDP alleges Andhra CM’s son got money from Satyam
- New procedure for filing of appeals with ITAT to speed up the hearing
- ICAI Suggesion on : Representations made to various authorities by individual members
- Computation of profit in case of construction contracts
- No Permanent Establishment if only personnel supplied
- Premises of a CA cannot be surveyed and clients’ books cannot be impounded
- Applicability of section 50C of IT Act in case consideration declared by assessee is accepted by Stamp Valuation Authority
- Amount received under non-competing agreement–Held, Capital Receipt : ITAT Mumbai
- Extract of the Meeting held with RBI on Empanelment Issue : ICAI
- Aishwarya Rai seeks I-T exemption, dept says no
- Price Waterhouse heads for a disgraceful exit at SATYAM
- Revised Eligibility for appearing in Campus Placement Programme to be held in March-April 200
- Notification of Common Proficiency Test (CPT)
- Guidelines for transfer of ownership or control of Indian companies in sectors with caps from resident Indian citizens to non-resident entities
- No tax cuts, fiscal sops in Interim Budget for F.Y. 09-10
- HC allows I-T dept to reassess Mayawati’s income
- AAR on obligation of an Indian company to deduct tax at source for payments made to a Korean company under ‘Secondment Agreement’
- Satyam bidders will not get to see Accounts before bidding
- When penalty under section 271C of IT Act is not leviable on Assessee for failure to deduct tax at source: ITAT Pune
- Applicability of section 28(iv) of IT Act qua increase in capital of partners due to revaluation of assets of their firm: ITAT Mumbai
- IT officials served notice to Raju for evading taxes
- Effect of retraction of statement of confession
- Employer not required to check proof when deducting TDS u/s 192: SC
- Extension of CPE Credit Hours compliance date for the year 2008 from 31.01.09 to 31.03.09
- Appointment of Branch Statutory Auditors in Public Sector Banks for the Year 2008-09
- Invitation for Faculty & Case Studies for Post Qualification Course on Information Systems Audit : ICAI
- DIRM Orientation Programme for DIRM Technical Examination passed members : ICAI
- Revised Eligibility for appearing in Campus Placement Programme to be held in March-April 2009: ICAI
- New SEBI guideline on Substantial Acquisition of Shares and Takeovers
- IT inspection finds Rs 37 crore default by private airline
- Indian Premier League (IPL) -II brings rich pickings for I-T dept
- Inside the secret world of auditing : Business Today
- New companies bill likely to see stronger auditing regulations
- Report of the meeting with Ms. Parveen Tripathi, Dy. C&AG & Decision Taken Regarding Empanelment – ICAI
- Compensation Received In Exchange For Technical Know-How Is Not Exigible Under Engineering Consultancy.
- TAXABILITY OF INCOME EARNED BY A RESIDENT ASSESSEE FROM RUSSIA THROUGH ITS PE
- Icai offered free consultancy service to the Orissa state government
- A Review of interim Railway Budget for 2009-10
- Banks required to obtain regular certification by a professional in respect of Lending under Consortium Arrangement / Multiple Banking Arrangements
- GUIDELINES FOR CALCULATION OF TOTAL FOREIGN INVESTMENT IN INDIAN COMPANIES
- INDIA REMAINS AMONG FASTEST GROWING ECONOMIES IN THE WORLD : KAMAL NATH
- Small Investor will be Encouraged to critically examine the decisions of the companies
- Address Proof Card from Post Office at Rs. 250
- ICAI Comittee submits its interim report on Satyam scam
- Satyam account cleaning to take six months: ET
- Central agencies want to question Rajus
- Service Tax Evasion on 40 Crore Deals Detected at Surat
- TREATMENT TO BE GIVEN TO INCOME FROM WAREHOUSING BUSINESS: ITAT CHENNAI
- SUSTAINABILITY OF ADDITION MADE ON BASIS OF SURRENDER BY THE ASSESSEE : ITAT DELHI
- ICDs do not come within purview of deemed dividend under section 2 (22)(e) of IT Act: ITAT Mumbai
- Service Tax Will be Included in Turnover for the Calculation of Presumptive Profit
- Invitation to Join Panel of Examiners : ICAI
- Last date of Online Submission of Application of CA Firms for PSU Audits to C&AG has been extended to 20.02.2009.
- New Procedure for Appointment of Branch Statutory Auditors in Public Sector Banks for the Year 2008-09
- ICAI panel pulls up auditor in GTB case
- NOTIFICATION SPECIFYING TIME TABLE OF CA EXAMS
- There exist no provision in section 56(2)(v) of IT Act to treat loans, which may not be repaid, as income of assessee
- AAR on admissibility of legal expenses claimed by a non-resident company for transfer of its shares held in an Indian listed company
- CA Exam Dates Announced
- Allowability of deduction under section 10B of IT Act prior to setting off of depreciation allowance
- Mayawati wins again in ITAT – can gift to a politician be treated as Professional income?
- Promoters continue to pledge shares despite the big risk involved
- Shift to PSU banks to get Lower Rate on Your Home Loan
- Rajus pledged entire 15.14% stake in Maytas to lenders
- Determination of income from sale of flats during development of a project by a developer
- Where penalty under section 271(1)(c) of IT Act read with Explanation 1 thereto cannot be invoked
- INTEREST ON FDR OUT OF TEMPORARY SURPLUS BUSINESS FUNDS IS BUSINESS: HC Mumbai
- VAT Cir-8T of 2009 – Sanction and disbursement of Industrial Promotion Subsidy (IPS) to Mega Projects and Non-Mega Projects under PSI-2001 and PSI-2007
- Beware Income Tax evaders, taxman’s watching
- Income-Tax department is scrutinising companies that have set up subsidiaries or units in SEZ
- Satyam fraud will be investigated by Large I-T team
- RBI should go back to appointing auditors for banks: AIBEA
- ICAI to examine whole of PWC in Satyam scam
- ICAI will pass ruling directing all firms to get their internal audits reviewed by an outsider
- Kolkata Income Tax (Investigation Wing) reports seizure of Rs 65 Cr cash
- Cabinet gives nod to CBDT to set up centralised processing centre at Bangalore
- Interim budget could hold some pleasant surprises
- Indian companies not in favour of rotation of auditors every few years
- Let us ‘care’ for Indian Income Tax Department’s new slogan ‘Let us Share’!
- Determination of head of income in respect of payment received by an assessee from his employer under a non-compete agreement
- VAT Cir – 7T of 2009 – Submission of copies of TIN certificate/ TIN Allotment letter/ E-services enrollment acknowledgment to the bank along with returns/ challans
- New Satyam CEO sold shares before plunge in December
- A S Murty appointed as Satyam’s new Chief Executive Officer
- Income Tax Dept. asks for documents for Satyam probe
- ICAI need to act firmly to restore confidence of shareholders
- CA.Uttam Agrawl elected as President & CA.Amarjeet Chopra elected as Vice President of ICAI
- AP Police likely to arrests More in Satyam scam
- Former I-T commissioner Purwar acquitted in graft case
- Service Tax Returns Preparer Scheme
- Service tax on sale of new houses to go
- Over 1,300 Companies fail to file Corporate Governance Reports
- Satyam effect: I-T department to increase staff strength
- Anyone can approach it to seek relaxation in the open offer pricing norms: SEBI
- RBI sets prepaid card limit at Rs 50,000
- Govt to examine a proposal to mandate listed companies to appoint more than one audit firm
- Notification to check Excise Duty evasion worth crores
- Tax exemption on gas output unlikely soon
- CBEC allowed companies to carry forward Cenvat credit
- List of Indian companies disclosing pledged share details grows
- L&T against e-auction process to determine a suitable buyer for Satyam Computer Services
- Raju promoted companies want Satyam money back
- Indian chartered accountants can soon practice in Australia
- Arrested Satyam auditors not part of PWC: CID
- Allowability of interest paid in respect of loans obtained from Public Financial Institutions
- Illegal Income is taxable : Madras High Court
- New Wealth Tax Circular Specifying Fees to be charged by Valuer
- C.A. Exams likely from 1st June 2009
- I-T dept may seek details on on accounts held by taxpayers in banks abroad
- Satyam case may be moved to a special session court for expediate trial
- Validity of an assessment framed under section 153A of IT Act in case of a person not searched
- Task force for demands of govt auditors in Co-Operative Establishments
- ICAI’s move will end monopoly of Big Four
- India judiciary allows regulator to quiz Satyam founder
- CA J. Mohala in hijack drama – His insecurities may have led to hijack’
- I’m a terrorist, ‘hijacker’ told airline crew – CA J Mohala
- New CBDT chairman appointed
- Depreciation not debited to the profit and loss account, but disclosed in notes appended to the accounts, deductible while determining “book profit” under Section 115J
- Satyam staff not co-operated with I-T officials in 2002, says govt report
- Taxing times ahead as govt ups Income Tax Scrutiny
- Procedure for Verification of Answer Books of Chartered Accountants Professional Professional Education- II/ professional Competence/ Final Examinations – ICAI
- Announcement on License Agreement with ISACA – ICAI
- ICAI’s Accountancy Museum to open doors on 2nd February
- ICAI Favour Rotation of Auditors After 3 Years
- SEBI Takeover Guidelines
- Levy of service tax on educational institutions- regarding
- VAT Trade – 6T of 2009 – Filling of E-return for revised & fresh
- Income Tax Department ignored Raju’s diversion of funds
- CBEC draws Supreme Court ire over faulty notices to tax defaulter
- Joint audits and inspections by the ICAI/DCA are critical if the system has to work
- Chargeability of interest income to tax when same is only technically accrued
- PROVISIONS OF SECTION 194H OF IT ACT WOULD NOT BE ATTRACTED ON DISCOUNTS GIVEN
- Why ICAI stays quiet on PwC?
- RBI – Extension of service window for RTGS transactions
- CAs have given false certificates to evade taxes in India by NRI & Foreigners
- Service Tax Circular on applicability of service tax on activities carried out by builders / promoters / developers
- Wake up call for Chartered Accountants
- internal audit of the stock brokers-SEBI Training Programme for CAs, CMAs and CS
- MVAT Trade Cir – 5T of 2009 – Tax Treatment of Goods sent to other States.
- The assessee is entitled to take advantage of reassessment proceedings to re-raise issues that have not attained finality
- Non-residents are not liable to pay interest u/s 234B and 234C for shortfall/deferment in advance-tax
- Even an Indian company can claim the benefits of non-discrimination under the DTAA
- Commissioner of Central Excise Vs. Afcons Pauling Joint Venture (Punjab and Haryana High Court)
- Proof of travel not required for claiming LTA: SC
- Investors not like companies whose promoter pledged shares
- 7 possible suitors for Satyam: Tarun Das
- PWC Suspends arrested auditors until investigations completes
- India’s biggest scams……….
- Satyam Computer Services is close to finalising a new head : P. C. Gupta
- Price Waterhouse may not be able to practice in India if partners found guilty
- Chartered Accountants in Big Four on Alert
- Rule-2(l) of Cenvat Credit Rules does not require that service has to be rendered at the factory of the manufacturer for the purpose of eligibility for service tax credit
- RBI Policy: No change in key policy rates and reserve ratios
- ICAI suggested amendment in listing norms
- ICAI asked to help CPSEs embrace global accounting norms
- Satyam is just an aberration: ICAI’s Ved Jain
- Ramalinga Raju under lens for capital gains tax fraud
- TDS details of Satyam Computers Staff under I-T lens
- A.P. Police claims the two Price Waterhouse executives confessed
- The Parliamentary standing committee on Finance to probe Satyam case
- Indians flee Dubai as dreams crash
- Satyam Computers had Rs 3,319 cr bank FDs till 30th September 2008
- PwC to defend, citing 1986 high court ruling
- Dubai cancels 1,500 work permits & Visas daily
- Maytas valuation was used inappropriately by Satyam: Ernst & Young
- HCL Tech Appoints KPMG as independent auditor in addition to PWC
- Infosys gets notice to pay service tax of Rs 33 cr
- Auditors of Satyam Computers arrested by Hyderabad police
- MVAT: Extension of due date for Submission of Audit Report for year 2007-08 with conditions
- VAT Trade Cir – 4T of 2009 – Enrollment for E-Services
- Supreme Court dismissed USD two billion Vodafone capital gains tax case
- Filing date of Form 27Q related to E-TDS Changed
- Income Tax officer who gave Maya relief in DA net
- Online CST Forms Application Procedure
- Reasons Why Computer Crash
- ICAI in dire need of complete overhaul
- CBI Court sentences Income Tax Officer to five-year RI with Rs 26.3 lakh fine
- Central Vigilance Commission Code of Ethics for CAs and advice to Banks
- ICSI forms panel to look into corporate governance issues
- Just Fun, Don’t take otherwise
- Humors- The Magician – Guess who?
- I-T man caught accepting bribe did it for his boss?
- Toppers of CA Final and CPT exam 2008
- Important Announcement Regarding Next C.A. Examinations
- Results of the CA PE – II and PCE held in November, 2008 are likely to be declared on 29th January, 2009 around 2 P.M. – ICAI
- SEBI makes it mandatory to disclose details of shares pledged by the promoters
- CBI raids premises of CIT in Delhi, Kanpur and Bangalore; seizes cash of Rs 66 lakh
- Income Tax Department raid 40 Surat units
- I-T dept Mumbai surveyed 50-60 companies who defaulted in payment of TDS
- ICAI to launch course on international taxation
- Use your digital camera as a mobile scanner
- ICAI audit norms will get legal status : Prem Chand Gupta
- Frauds can not be stopped by a defined audit process
- The Satyam scandal continues to reverberate, with a host of competing
- Comparison between traditional partnership and LLP
- J.P. Morgan , Goldman Sachs Shortlisted for Advice: Satyam
- Raju refuses to answer CID questions
- Satyam gets takeover offers; board meeting on Jan 22-23
- Companies will not be allowed to get away by just paying fines
- DTAA between India and Serbia Notified
- Satyam’s board had violated Section 372A of the Companies Act
- Can Satyam claim a refund of taxes on onerstated income?
- RBI bans bank auditors from acting as its consultants
- ICAI introduces new study modules to detect scams
- IFRS to be made mandatory by 2011: ICAI
- Commercial Vehicle Acquired b/w 01.01.2009 to 31.03.2009 will be eligible to depreciation @ 50%
- Due date of Form 704 in respect of the year 2007-08
- Oppotunities to small audit firms be given
- Use of Key Words in the Proposed Names of companies and minimum Authorised Share Capital Required
- Tax cushion for losses through trading errors
- Satyam gets buyout offers, confirmed by board members
- Invalidity of assessment/re-assessment on the ground of improper/invalid issuance/service of a notice
- ICAI will serve show cause notice to Satyam auditors
- Satyam auditors who signed the Balance Sheet were not Partner in PWC
- What Was Behind Raju’s Confession?
- Satyam Fiasco will be probed by ICAI High Level Committee- K Raghu
- Satyamgate – Investigators need to look deeper into associate Cos and subsidiaries
- Government will be advised by PWC on transparency
- Satyam Jokes
- L & T has a plan to save Satyam: A. M. Naik
- Failure to remit tax will invite prosecution: IT department
- Prerequisites of a genuine gift transaction
- DEPRECIATION – Avoid Last Moment Purchase
- LIC Jeevan Aastha seen a good bet, taxwise in Volatile Market
- ICAI may quizz E&Y over Maytas evaluation?
- Allowability of exemption under section 11(1)(a) of IT Act claimed by a society having both charitable as well as religious objectives
- Taxman probes Satyam exemptions
- PwC may be quizzed by US regulator
- Ramalinga Raju had 50 bank accounts in 2002
- ICSI seeks report from Satyam’s company secretary
- Tax relief for IT firms; 100% I-T Waiver for SEZs Set up under Parent Cos
- HC admits income-tax appeal against Amitabh Bachchan
- Deloitte, KPMG have no license to do audit work in India
- Big 4 Auditors and their brief details
- Despite difference of opinion Satyam Board passed Maytas deal
- PSU banks have Rs 3300 Crore exposure in Maytas
- Stringent threat analysis required for Indian companies: KPMG-ET
- Auditors failed to detect major risks in Satyam
- Ramalinga Raju Empire extends to 40 companies
- Companies having links with Satyam under SFIO scanner
- PwC not be probed by foreign audit firms: Satyam director
- Satyam wouldn’t be audited by KPMG
- Price Waterhouse gave wrong PAN to Satyam
- PROCEDURE FOR APPOINTMENT OF BRANCH STATUTORY AUDITORS IN PUBLIC SECTOR BANKS FOR THE YEAR 2008-09
- Artice: CARO, 2003 & Fixed Assets
- Rent-A-Cab Scheme Operator’s Services
- SIM card: Is it a Goods or service?
- Software Licensing–Not “Royalty”
- Auditor Could Pay for Indian Outsourcing Fraud -From abroad
- No Clarity on Legal Action Against Auditors-TOI
- 3 NEW DIRECTORS NOMINATED ON THE SATYAM BOARD
- Cash credits & Addition under Section 68 of the Income Tax Act, 1961, ITAT, AGRA BENCH
- 7 Indian companies so far been banned by World Bank Including Satyam
- SFIO will investigate Satyam Fraud Case
- Exclusion period for grant of interest under section 244A (1) of IT Act to the Assessee
- Interpretation of expression “value” used in Explanation 2 to section 80-IB(2) of IT Act
- CA FINAL & CPT EXAM RESULT WILL COME TODAY
- Some useful Latin proverbs
- RIGHT TO INFORMATION: BACKGROUND – LAW AND PROCEDURE
- How Satyam May have Inflated Cash & Bank Balance
- Applicability of proviso to section 47(iv) of IT Act in case of transfer of capital asset by a company to its wholly owned subsidiary
- Levy of service tax on a `Manpower Recruitment & Supply Agency’ (MRSA) for rendering technical assistance to two IT majors
- Scope of business auxiliary service rendered by an authorized car dealer for arranging finance for its buyer
- Assumption of jurisdiction under section 147 of IT Act
- SMES MAY BE TAXED FOR OUTSOURCED WORK
- Companies Audited by PWC – Price Waterhouse Cooper (Satyam Auditors)
- Leviability of service tax on a composite works contract
- Applicability of transfer pricing provisions for reopening of assessment under section 147 of IT Act
- Total excise duty waiver on green petrol
- RBI reviews banks’ commercial real estate exposure norms
- Professionals of Indian origin can now work in India
- Exemption limit for SSI electricity duty to be raised
- Action against partners, not audit firm, says ICAI
- HNIs opting for new tax havens i.e. UAE, Singapore, Hongkong Etc.
- Rotate auditors and CFOs, say experts
- Govt may top up stimulus packages for industry
- ICAI to disclose name of audit firms avoiding proper norms
- ICAI plans to Limit the Numer of Year an auditor can be associated with a Company
- Amended ICAI Act good enough to deal with Misconduct by its Members
- Govt mulls to allow 25 pc FDI to shore up aviation sector
- Income tax case: ICAI denies violatios of various provisions; exemption issue pending before DG
- Anil Ambani welcomes Sebi move for counter audit of top companies
- Controversial Satyam auditor stays in council of ICAI
- Administrator in co-operative housing societies: An Overstaying Guest!
- Deloitte & KPMG appointed Satyam auditors in Place of PWC
- Special Bench overrules law on s. 292BB of the Income Tax Act, 1961
- Government Appoints first 3 member of the Satyam Board
- Allowability of Deferred Revenue Expenditure under Section 37(1) Of IT ACT
- INVOCATION OF SECTION 263 OF IT ACT ON GROUND OF DEDUCTION UNDER SECTION 80-IA WRONGLY ALLOWED BY AO
- WHETHER PROVISIONS OF SECTION 263 ARE APPLICABLE TO AN INTIMATION SENT UNDER SECTION 143(1) OF IT ACT?
- NATURE OF PAYMENT MADE BY AN ASSESSEE-COMPANY TO VSNL/MTNL FOR
- CBDT investigation into Satyam Computer Services
- Price Waterhouse says audit of Satyam in accordance with auditing standards
- Govt orders probe into 8 cos promoted by Raju
- Government Put Conditions on Issue of Prepaid Meal Card
- Deemed Dividend – Section 2(22)(e) of Income Tax Act can be applied only in the hands of shareholder
- The new Satyam nursery rhyme
- Satyam chairman arrested, board scrapped
- Taxability of compensation amount received by an assessee for termination of its agreement
- Woman I-T officer caught taking bribe
- I-T dept recovers Rs 1.75 cr in cash from Mulund doctors
- Four million private PF subscribers may lose tax benefits
- PWC involved in Satyam,GTB & DSQ Software-TOI
- CAs-Auditors & Accountants face the music Re Satyam-Telgrapgh-
- Scheme of taxation of royalties or fees for technical services received by a tax resident of Germany having its PE in India
- Computation of deduction under section 10A(4) of IT Act by a manufacturer/ exporter of jewellery
- ICAI approves three new Standards on Internal Audits
- CAs could be barred for lifetime, if found guilty, says ICAI
- Appointment of a CS by companies- Limit increased from 2 Cr to 5 Cr
- Service Tax Exemption for Services provided to GTA
- Make independent directors accountable: Suggestions for Companies Bill, 2008
- Satyam’s fraud shameful: Ministry of Corporate Affairs
- Satyam Computer head quits, admits doctoring books
- India to examine role of Satyam auditors, directors
- Tips to exporters for 2009
- Tax exemption on grounds of charity to be closely scrutinised
- Bank Branch Auditors Panel for the year 2008-09 – (05-01-2009)
- AMENDMENT IN DEFINITION OF `CHARITABLE PURPOSE’
- CA body starts bid to integrate profession
- Income Tax website to become user-friendly
- RBI CUT REPO, REVERSE REPO AND CRR RATE
- Summary of second stimulus package
- Forensic accounting to prevent white-collar frauds: ICAI
- Banks not liable to pay interest on export subsidy: SC
- Brokers under lens for misuse of clients account
- HC relief for foreign law firms on tax payment
- Cheque-bounce cases need to tried in appropriate court: SC
- Small scale pharmaceutical industry sought PM’s help to remove anomalies created by MRP based excise duty
- CITY REDEVELOPMENT LIKELY TO BOOST AFTER ITAT RULING
- I-T DEPARTMENT, MUMBAI WILL CONDUCT 1000 SURVEYS IN 3 MONTH
- TOP 20 TIPS TO KEEP YOUR SYSTEM FASTER
- EMPANELMENT OF CHARTERED ACCOUNTANT FIRMS FOR THE YEAR 2009-2010
- REVISED PROCEDURE FOR SELECTION OF CASES FOR SCRUTINY FOR A.Y. 2008-09
- TAXMAN TIGHTENS NOOSE ON SERVICE TAX
- DATE FOR NOMINATION EXTENDED UPTO 10TH JANUARY, 2009
- WHETHER THERE IS A DIRECT CONFLICT OF DECISIONS DELIVERED BY DIVISION BENCH IN HOPE INDIA LTD. V. CIT [239 ITR 740] AND HAMILTON & CO. PVT. LTD. V. CIT [1994 ITR 391]?
- WHAT EVERYONE MUST KNOW ABOUT CIBIL
- EASIEST WAY TO GET CPE HOURS
- TAXABILITY OF A NON-RESIDENT FOR CHARGING FEES FOR SERVICES RENDERED TO INDIAN COMPANIES
- ALLOWABILITY OF KEYMAN INSURANCE PREMIUM PAID BY A FIRM ON LIFE OF ITS PARTNERS
- BLOOD REQUIREMENT : BLOOD DONER WILL CALL YOU
- SEZs: ARE THESE SPECIAL (OR SICK) ECONOMIC ZONES?
- WHICH ELSS FUND TO INVEST – PICK THE FUND YOURSELF EASILY
- 7 ways to shortlist the right stocks
- The word ‘tax’ does include ‘surcharge’ for the purposes of Clause (2) of Article 14 of the Double Taxation Avoidance Agreement with USA
- Commissioner of Customs & Central Excise Versus Hongo India(P) Ltd. & Anr. (Supreme Court)
- New Procedure for payment of fees and taxes by unregistered dealers
- ICAI – CPE Compliance Date Extended To 31 Jan 2009
- Even promise to render services at a future date would entitle Assessee to deduction u/s 80O of the Income Tax Act, 1961
- Power of IT Authorities to Conduct Survey in Premises of a CA Lawyer/Tax Practitioner of an Assessee
- Railway Enquiry and Cricket Score SMS at Normal Charges with Google
- Credit Card Comparator from Apnaloan.Com
- No Further Change Likely In ECB Policy
- Interest Rates to Slip to Single Digit In 2009
- Dial This Helpline for Diagnostic Services
- Govt May Scale Down Indirect Tax Target
- Farm loan waiver may not trigger defaults – RBI
- Approval of four more Auditing Standards – ICAI
- ICAI’s constitutes committee on public finance
- E-returns – Income Tax dept discovers Rs 1,700 cr gap
- Notification for Amendment in Notification for Medical Device
- Notification about composition Scheme for Drug Retailers
- Income Tax – Circular on Charitable purpose’ under section 2(15)
- Suggestion on Schedule VI and Saral Schedule VI for small and medium sized companies
- Multipurpose Empanelment Form (MEF) – Information regarding association with Public Sector Banks
- No Penal Action On Electronically Filed IT Returns Bearing Acknowledgement Date Stamp of 1st October 2008
- ICAI mulls educational TV channel
- ICAI Awards 2009 Corporate Awards
- Your Mobile Phone will be Banned in 2009 if it doesnt have IMEI Number
- Internet connections will be slow till December 26
- Bad asset norms may be relaxed
- No plans to ban futures in more commodities – Finmin
- New tax code to stop treaty shopping
- Banks’ accounts under scanner for deductions clamied
- Centre further relaxes ban on cement exports
- Why our banks need to be less lazy
- RBI not done with Rate cuts
- Commerce ministry wants speedy stimulus package
- Do’s and don’t’s when you are using Internet
- Rent Income and Tax Provisions
- Application for Empanelment for Audit of Co-Operative Banks
- Submission of MVAT Audit Report for 2007-2008 in Old Format
- Compliance Of CPE Credit Hours For The Calendar Year 2008
- Vodafone International Holdings B.V. Versus Union of India (Bombay High Court)
- MVAT E-Filing of Returns Made Applicable to All Dealers
- Satyam’s Buyback Plan is a Ploy to Take Away Funds
- Tax Sword Looms Large On Cross-Border Acquisitions
- Lending Rate to Be In Single Digit in a Year
- know-how fee related to grant of technical assistance and continuous know-how,, including training of personnel,is revenue in nature
- FAQ On Data Migration in Tally
- How to Activate Payroll in Tally
- Company Law under Slowdown Specter
- Celebrities too May Face Heat Over Misleading Advertisements
- Pending Tax Refund Up To Rs 25,000 to Be Given Soon – Govt
- Income Tax exemption on home loans may be doubled
- RBI Says Time Ripe For Cheaper, Easier Loans
- CAs to be restricted from taking non-audit work
- Acquisition of Immoveable Property in India – F.A.Q
- Income-Tax (Eleventh Amendment) Rules, 2008 – Insertion of Rule 5F And Form No. 3CF-111
- Instructions Regarding Large Taxpayer Unit by CBEC
- ICAI to Help Indian Railways to Upgrade Accounting Practices
- Over 8000 Income Tax Officials Given Brand New Laptops
- Power Point Presentation on New MVAT Form and Engagement Letter
- The effect of fluctuation of foreign exchange rate resulting in increase of cost of plant and machinery
- Regarding Assessment of Banks – Checklist For Deductions
- Why the Dollar Is Getting Stronger
- If Assessee has merely taken cenvat credit and not utilized or taken any advantage of such credit, payment of interest is not sustainable
- CIT Cannot Disarray The AAR. An Attempt To Belittle The Role Of This Authority In The Statutory Scheme Of Adjudication Cannot Be Countenanced
- Amounts received towards reimbursement of expenses can, under no circumstances, be regarded as a revenue Receipt and not chargeable to income-tax
- A Good Tool for MVAT Audit
- Where the income is actually received or has accrued in India, the resort to deeming provision is not warranted
- While Announcing the Measures for Stimulating the Economy, Govt Failed to Do Justice with the Service Providers
- Revision of Excise and Customs Duty Rates and Service Tax Refund to Exporters
- Government Announces Measures for Stimulating the Economy
- High Court Verdict Strengthens Income Tax Department – CBDT Chairman
- Announcement for Application/ Request for Grant of Accounting Technician Certificate – ICAI
- Scrutiny of A.Y, 2008-09 Returns To Take Place in Current Fiscal
- I Vote Nobody- Section 49-O -Interesting One
- India’s Stimulus Package – More Help Needed
- 18 IPOS Get New Lease of Life from Sebi
- 8 Things Indian Companies and Govt Must Do Against Pakistan
- Two I-T Officials in CBI Net for Graft
- Tax Credits Available In the Annual Tax Statement for A.Y. 2008-09
- Validity of assessment order for want of service of notice u/s 143(2)
- Validity of order passed by ITAT after 4 months delay and without recording reasons
- Appliability of TDS provision on a transaction between two foreign companies
- Allowability of Deduction U/s. 42 of Income Tax Act for Determining Book Profit u/s. 115JA
- Onus Is On Assessee To Prove That The Net Realizable Value Whatever Has Been Shown By Him Is The Correct Net Realizable Value
- Applicable Period Of Limitation In Case Falling Under Section 275 (1)(C) Of It Act
- The Perquisite Value of Rent Free Accommodation
- Nature of Loss Suffered By a Share Broking Company in Trading Of Shares
- Consequence of Passing of an Assessment Order without Proper Enquiry
- Double Taxation Avoidance Agreement Signed Between India and Tajikistan
- I-T Department Can Question HC Judgment Years Later – SC
- Easier De-listing Norms for Small Firms Ready, Notification Soon
- Income Tax Department Seeks Suggestions on E-filing of I-T Returns for the AY 2009-10
- Service Tax Refund Application Can Now Be Filed Within Six Months from the End of the Relevant Quarter
- Check List for Application under Section 295 and 372A of The Companies Act
- Indian CAs Can Practice in UK and Frequently Asked Questions
- Free PDF to Word Converter
- ICAI sets Eyes on Global Standards
- ICAI planning to launch educational television channel
- Government Plans Interest Sops To Ease Home Loans
- SEZ applications to go online
- Subodh Kumar Bhargava Vs Commissioner of Income Tax (Delhi High Court)
- Revenue, having accepted the order of the Tribunal in the first round, cannot raise those objections in the second round
- In Times of Crisis, CAs In Demand Like Never Before
- MCA Forms under Goes – Varies Changes – Pl Note
- Determination Of Quantum Of Deduction Under Section 80-I of Income Tax Act, 1961
- Taxability Of Income From Trusts Under Section 166 of the Income Tax Act, 1961
- The option to or not to avail the benefit of indexation for the computation of capital gains on the transfer of each of the long term capital asset is with the assessee
- New form no 704 in excel, word and PDF format along with all the schedules
- Interconnect charges/port access charges cannot be regarded as fees for technical services
- I-T Dept Chalks Out Strategy To Keep Tabs On Direct Tax Mop-Up
- Hypothetical Tax Paid Abroad Not Income
- ICAI to Oppose Valuation Professionals Bill
- Conversion of jumbo rolls of photographic films into small rolls of various sizes is manufacture or not?
- Income Tax Refund and Right to Information Act (RTI)
- DIT, New Delhi Vs KLM Royal Dutch Airlines (Delhi High Court)
- Conditions Precedent for Reopening Of Assessment beyond Four Year Period under Proviso to Section 147 of Income Tax Act, 1961
- Taxability of Compensation Received By A Banking Undertaking Under Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (SC
- Revenue Cannot Be Inconsistent In Filing Appeals
- If Tribunal Passed An Order In Absence Of Appearance By The Appellant, It Had To Pass The Order On Merits
- Notional Liability On Account Of Change In Exchange Rates Could Not Be Allowed On Notional Basis
- What Lower Oil Prices Mean For the World
- Sops Pack Soon For Labour-Intensive Exports
- SEBI Eased Takeover Regulation
- 7 Great Lessons to Learn From a Market Downturn
- Food Coupons, Prepaid Cards May Come Under RBI Glare
- Unique Ids to Deliver Goods from Dec ’09
- Mandatory IPO Rating To Stay For Now
- Swift Action Now Can Bring Opportunities
- Interesting From Money and Markets
- ACIT Vs. Ashima Syntex Ltd. (ITAT Ahemdabad)
- Sharp Rise in Indian Investors’ Suicides
- Investing In Hedge Fund
- Non-Submission of One Particular Return ST-3 for One Quarter Can Not Be Said Intentional
- Draft Bank audit empanelment for 2008-09 list hosted
- Rule 6(3)(b) of the Cenvat Credit Rules, 2002 not applicable when the amount equivalent of the Cenvat Credit attributable to the common inputs used in, or in relation to, the manufacture of exmpted final products has been paid prior to the removal of exempted final products from the factory
- Microsoft Providing Free Software to Students
- Assumption of Jurisdiction under Section 147 of Income Tax Act In Case Of Returned Income
- Taxability of Income Received By a Resident Cine Artist from Her Performance in Canada
- Applicability Of Section 2(22)(e) Of It Act, 1961 Qua Amount Received by an Assessee-Director From His Company
- Exchange Rate Difference Of Exports Made In Earlier Year – Whether Part Of Export Turnover?
- M.M.T.C. Limited Vs. Commissioner of Commercial Tax & Ors. (Supreme Court)
- Tribunal Have To Follow the Principles of Natural Justice
- Section 14A Applicable To Dividend Earned by an Assessee Engaged In the Trading Of Shares and Securities
- ITAT Special Bench Judgment On Section 14A of the Income Tax Act, 1961
- No Tax Relief Likely For Market-To-Market Loss
- Adopt an Animal, GET I-T Relaxation
- Sebi Amends Clause 49 of The Listing Agreement That Deals With Corporate Governance Norms
- Calculators For Wealth Tax, Home Loan Interest And Home Loan Interest Benefit, Ratio, IRR, MIRR, Financial, EMI, PT, ESIC, PF, World Time & Others
- Levy of penalty under section 11AC is a mandatory penalty and there is no scope for any discretion
- Supreme Court on Avoidance of Payment of Tax
- Calculators- Income Tax, 234ABC Interest, NSC- KVP Interest, TDS, FBT, ROC Fees
- Crorepati ITO Has 23 Flats
- External Commercial Borrowings Policy Reviewed
- ICAI Issues First Two Accounting Standards for Local Bodies
- Companies Bill, 2008 Introduced In Lok Sabha October 23, 2008
- Highlights of Monetary Policy Review by RBI
- Income Tax Department To Share Info On Tax Evasion With MCA
- Larger SC Bench Reverses Law on Penalty & Circulars
- SEBI Asks Brokers To Get Auditing From Independent CAs, Others
- Now CS, Cost Accountant and Others Can Be a Partner with CA
- DCA Proposes To Enable Companies to Hold the Board Meetings through Electronic Means
- Sebi Removes Cap on Debt-Equity Investment Ratio for FIIS
- Certificate Course On International Financial Reporting Standards – ICAI
- Remove VAT on Perishable Goods, Centre Tells States
- Now E- Form 23AC Can Be Filled In Without Getting SRN of Form 23B – Instruction Kit Revised
- Tax-Free Limit on Post Office Saving Scheme May Be Increased Soon
- Madras High Court Stays National Tax Tribunals Act
- Centre May Amend AS21 to Plug Gaps in Accounting Practices
- Income Tax Grievances to Be Registered Online
- Department Issuing Notice to Charitable Trust If They Collecting Any Fess, Cess Or Other Consideration For Services Rendered
- Commissioner of Income Tax versus Tulip Finance Ltd (Delhi High Court)
- RBI Caps E-Payment Charges
- Amendment to Section 20 of The Indian Trusts Act, 1882
- ITAT clears the air over transfer pricing
- Unutilized Modvat Credit Cannot Be Added To Income, If Assessee Follow the Procedure Mentioned In Clause 12(B) of Form 3CD of The Tax Audit Report
- Tax Dept Bound to Accept Cos’ Audited Accounts- SC
- RBI Advised Banks To Disburse And Restructure Loan Of SMES
- Standard format of Lease Deed, Agreements, Will, Deeds
- Rule 6D – Payment of More Than Rs 20,000/- in Cash
- ICAI Starts Working with Investigating Agencies
- Scientific Research Expenditure – Approved Scientific Research Associations/Institutions- Notification 95/2008, Notification 94/2008
- Format of Partnership Deed and Forms
- SEBI Tells ICAI to Suggest Accounting Rules For IPOs
- Various Type Of Assessment and Study of Best Judgement Assessment
- New Rules In Respect Of Cash Payment of More Then Rs. 20000/-
- Government Notified Reverse Mortgage Scheme 2008
- VMT Spinning Company Limited (Advance Ruling)
- Service tax forms in excel word format
- Provision for Bad and Doubtful Debts Cannot Be Added To the ‘Book Profits’ For Purposes of Section 115JA
- Determination of Arm’s Length Price (Alp) – Applicability of Proviso to Section 92C(2) of IT Act, 1961 Ratio Decidendi
- Commissioner of Income versus HCL Comnet Systems & Services Ltd. (Supreme Court)
- Whether the goods manufactured by hundred percent EOU when sold in India can be subjected to levy of Education Cess under the Central Excise Act?
- The Asstt. Director of Income-tax Vs. Chiron Behring GmbH & Co. (ITAT Mumbai)
- Bosch Chasssis Systems India Ltd. vs. C.C.E., Delhi III (Cestat Delhi)
- Frequently Asked Questions on Income Tax Survey
- Supreme Court on Section 220 Interest Waiver
- Where deduction under Ch VI-A is claimed depreciation is mandatory for Determining Eligible Profit
- Greatest Ever Sale on Earth (Humor)
- Dividend Stripping Loss is Allowable – Bombay High Court
- Employment of outdoor caterer for providing catering services has to be considered as an input service
- Provisions of Section 43B of the Income-Tax Act, 1961 held as not applicable to service tax
- Extension of due date of filing income tax returns for Sikkim
- Due Date For Filing of Tax Audit Report U/S 44AB Extended To 31st October in the State Of Orrisa
- Due Date Not yet Been Extended
- RBI Set Limit for Transaction through Mobile Banking
- Why US Dollar, after a 5-year fall, started appreciating
- Due Date Extended For Submission of Return of Income from 31st July to 30th September for Assessees of J & K
- Due Date Extended For Submission of Audit Report U/S. 44AB for Assessees of Bihar
- If notice U/s. 143(2) not served before due date then Assessment proceeding are not valid- (ITAT Delhi)
- Power of ITAT to rectify mistakes: Supreme Court
- ITAT Spl Bench on s. 80HHC foreign exchange gain on Exchange Rate difference of Earlier Years
- Extension of Last Date for Submission of MEF for the Year 2008-09
- Fema- Circular On Advance Remittance For Import Of Services
- Empanelment for ISA Auditors-ICAI
- Banks Should Display Info regarding interest rates and service charges On Website – RBI
- No business profit on conversion of stock into asset – ITAT
- Deduction Under section 80HHC is allowable on Proportionate Basis – SC
- Loss in Legal arising as a result of infraction of the law is not allowable :- Bombay HC.
- Voluntary Filing of MVAT E-returns and continuation of 10days Grace
- SET Satellite – High Court reverses ITAT judgement
- No tax on sale of TDR – ITAT Bombay
- Half-Yearly Audit Rule Puts Small Broking Companies in a Spot
- Company Disputes May Soon Be Settled Out Of Court
- Single Role For SEBI, RBI
- CBDT Issues Instructions For Scrutiny Of FBT Returns
- Penalty can be imposed even if there is a loss- SC larger bench
- High Court issues public accountability guidelines to dept.
- It is imperative to record reasons and the failure to do so render the order unsustainable
- E-filing of Return for some more dealers under Maharashtra VAT
- No tax on undertaking transfer- ITAT Bombay
- Translation Losses under Production Sharing Contract Care Not Illusory Losses
- No power to condone delay in tax matters – High Court
- Interest paid on the capital borrowed for the acquisition of an asset cannot be allowed as a revenue expenditure
- AAR on taxability of Joint Venture in India with a foreign company
- CBDT Expand Definition of Professionals
- Faq on Employees’ Family Pension Scheme, 1971 and Employees Pension Scheme,1995
- The Employees’ Provident Funds and Miscellaneous Provisions Act, 1952
- Empanelment / Appointment of Audit Firms for Concurrent Audit of Derivative Portfolio
- SC’s blanket stay on retailers service tax cases in HCs
- Chartered accountants to help CBI in economic offences
- ICAI has decided that Indian Accounting Standards will converge with IFRS by April 2011
- Process to ensure faster I-T refunds in more cities
- Penalty u/s. 11AC r.w. Rule 25 cannot be imposed for suppression or contravention of facts unless it was made intentionally
- Savings Bonds-Extending the Collateral Facility
- Internal Audit for Stock Brokers/Clearing Members
- Announcement Regarding Articled Assistants – (22-08-2008)
- Last Professional Education (Examination- II) extended to May 2009
- Even prior to the amendment to s. 43(5) w.e.f 1.4.2006, dealings in futures & options and other derivatives cannot be treated speculative transaction
- Constitutional validity of section 254HA
- If there is no revenue loss then department should not question the year of allowability of expenses
- Penalty under section 158BFA(1) is discretionary not mandatory
- Assessee not entitled to claim a deduction by way of a letter filed before the Assessing officer
- Cost Inflation Index for FY 2008-09 / AY 2009-2010
- ICAI issues 4 new standards for internal checks in firms
- Validate PAN and know the Name of PAN Holder
- Multipurpose Empanelment Form is hosted on www.meficai.org
- Procedure for filing TDS returns with insufficient deductee PAN
- Abhinav Bindra wins India’s first ever individual Olympic gold in Beijing Olympics 2008
- CIT versus M/S. Atam Prakash And Sons (Delhi High Court)
- Block Assessment without Satisfaction Is Void
- Rogini Garment Special Bench is No Longer Good Law
- Dalmia Dairy Industries Ltd. versus Commissioner of Income Tax (Delhi High Court)
- Steel Authority of India Ltd. Versus Sales Tax Officer (Supreme Court)
- Cos with Rs 50 lakh fresh capital induction may come under tax lens
- Taxpayers need not pay interest if not specified in assessment order
- Valuation methodology at fault not the assessee
- Payment to accredited ad agencies no commission
- Assessment of Banks – Allowance of deduction to rural branches
- Development agreements are NOT joint ventures: Supreme Court
- Exemption from the TDS provisions under Section 197 for specified Companies
- In Re Rescuwear Corporation (Settlement Commission Full Bench)
- Norms relaxed for scrutiny of company tax returns
- Popularisation of project “FCRA Online Facility for prior permission cases”
- Circular for extention of MVAT Audit Report Submission Date
- Trade Circular No. 25T of 2008 on Business Audit under MVAt dated 23/07/2008
- Gangadharan vs. CIT (Supreme Court)
- Service Tax – Accounting Codes for new services
- Higher TDS IF PAN no. Not disclosed to deductor
- E-payment of income tax can be made from account of any other person
- CIT vs. Oriental Insurance (Supreme Court)
- Steel Authority vs. STO (Supreme Court)
- Deepak Agro Foods vs. State (Supreme Court)
- CBDT clarifies no annexures to be attached to Income Tax Returns Form (ITR)
- No interest tax on lease finance company
- Professional tax may raise to Professionals
- Energy audit in tea factories
- Department activities to increase tax collections
- Bank liable to deduct TDS on MICR charges
- Three words enough to access your tax records – beware
- Central Board of Direct Taxes (CBDT) announces amendments to Industrial Park Scheme
- CBDT relaxes scrutiny norms in a few cases
- CLB likely to replace BIFR
- Procedure for Selection of Cases for ‘Scrutiny’ For Non-Corporate Assessees
- Appointment of branch statutory auditors of Public Sector Banks – Chartered Accountants from North Eastern Region
- Coca Cola India (P) Ltd. Versus Deputy Commissioner of Income Tax (ITAT Pune)
- Excise – Expenses incurred on account of reimbursable expenses shall not form part of the value of the taxable services
- Exemptions versus deductions
- MVAT Audit due date extended
- Service Tax – Sale of flats is no service and so no Service Tax is payable
- Assessee details verification for indirect taxes
- ICAI – Announcement regarding MEF for the year 2008-09
- ICAI- Announcement regarding articled assistants
- RBI tightens deposit norms for small NBFCs
- Block assessment confirmed by the Assessing Officer was bad in law inasmuch as it was passed beyond the period of limitation prescribed under section 158BE of the Act
- MANDATORY E-PAYMENT, PRACTICAL ISSUES
- Biometric PAN cards soon for new IT payers
- MoF revises ECB policy; enhances USD 20 mn limit to USD 50 mn for Rupee expenditure
- Amendment in Notification No. 1/2006-Service Tax, dated 1-3-2006
- Process completed for exit of 24,884 defunct companies
- GUIDELINES FOR ADVERTISEMENT FOR THE MEMBERS IN PRACTICE
- Export proceeds can now be realised in 12 Months as against 6 Months earlier
- Bank Audit Empanelment by ICAI for 2008-09
- ITR 1 to 5 In Excel with Computation,Payment Challan
- WIRC Launches New Toll Free Number
- Dispute resolution scheme for service tax up to Rs 25,000
- Long-term capital gains tax exemption on Investment U/s. 54EC
- Filing of appeals by Income-tax Department – Measures for reducing litigations
- CST rate to be cut to 2% from June 1, 2008
- Activity of construction of flats by a builder for their subsequent sale not chargeable to service tax under construction of complex services
- Foreign nationals working in India will be exempt from fringe tax
- The amount of share application money received by a Company from alleged bogus shareholders cannot be regarded as undisclosed income under S. 68.
- Under Rule 22 (2) of the Anti-Dumping Rules and the proviso thereto, the initiation of a new shipper review cannot be with retrospective effect in the case of a first time exporter.
- Kay Polyplast Limited Vs. Additional Commissioner of Income Tax (Jodhpur High Court)
- Industry chambers liable to pay service tax – CBEC
- Notification on Accounting Standards by the Central Government under The Companies Act, 1956
- Permanent Account Number for NRI’s
- Service tax refund extended to 3 more export-based services
- Advocates cant audit, only CAs/cost accountants can
- Service Tax Provisions After Enacement of Finance Act, 2008
- Damages paid for breach of contract deductible as Business Expenditure
- Income Tax Act as amended by the Finance Act 2008 is now available
- Format of Appointment cum Declaration Letter for Tax Audit
- DCIT Vs. Honeywell International (India) Pvt. Ltd. (ITAT Delhi)
- March payments: TDS relief for tax-payers
- Taxability of Software Payments
- No TDS on Service Tax element- Rent-U/S 194I
- Whether Rs.5000/- is a minimum penalty that is required to be imposed in terms of Rule 25 of the Central Excise Rules, 2002
- Entry Tax-Petitioner who had discharged his burden by producing the bills which had no rubber seal to the effect “local goods for the area”, cannot be held liable to pay the tax in the absence of any proof to the contrary
- SC rules provident fund subscriber is ‘consumer’
- Whether oil rigs engaged in operations in the exclusive economic zone/ continental shelf of India, falling outside the territorial waters of India, are foreign going vessels
- SMS Based Service for PAN and TAN Application Status
- Service Tax – sale of constructed houses – liable to pay Service Tax under ‘construction service’ and not under ‘works contract’ : Advance Ruling
- Track your tax refund status online now
- ICAI to launch shorter version of CA course
- Reduced rate of CST would be effective from 1-5-2008
- Highlights of Foreign Trade Policy, 2008
- Compliance Calendar under Various Statutory Laws in India
- ICAI Gives Firms Leeway In Reporting Derivative Losses
- Tax treatment for limited liability entities yet to be decided
- Real Estate Developer liable to Service Tax on Residential Construction
- Tax deductors to quote PAN in TDS returns
- AAR – Service Tax on Construction – Applicant liable to pay Service Tax under (zzzza) for the residential units to be built by him
- Sale of constructed houses – Assessee liable to pay Service Tax under ‘construction service’ and not under ‘works contract’
- No word yet on commodity transaction tax
- Changes in MVAT Return Filing
- Cut-off time for e-payment transactions pertaing to Government Revenue
- Curbs on land purchase -FEMA
- Under Article 226 of the Constitution, the High Court has the power to issue such writs and orders as are necessary for administrative action and judicial or quasi-judicial action
- `SARAL’ format for small cos soon
- Amendments in STT that don’t measure up
- What attestation of a deed means Explained by Shri. R.L. Narayanan
- Service tax Notification of Refund on Exports
- Method for determining amount of expenditure in relation to income not includible in total income notified
- The CBDT has notified new Return Forms for A.Y. 2008-09
- There is no provision in the Income-tax Act which permits the allowance of a loss which was suffered by an assessee to be adjusted and set off or deducted from the profits of another assessee
- Whether the scrap imported by the appellants is chargeable to ‘NIL’ rate of additional customs duty under Section 3 of the Customs Tariff Act 1975
- Guidelines for Appointment of Statutory Auditors in Public Sector Banks
- Statutory Branch Auditors recommended for appointment in Public Sector Bank 07-08
- Rotation of audit partners compulsory from ’09
- Changes in Custom Duty Made in Budget 2008-09
- Changes in central excise made in budget for 2008-09
- Intel Design Systems (India) P. Ltd Vs. Commissioner of Customs & Central Excise (Supreme Court)
- ITAT explains Conditions for allowing deduction under Section 80I and Section 80IA of Income Tax Act
- Names of Audit Firms appointed as Statutory Central Auditors for 27 Public Sector Banks for the year 2007-08
- MVAT – Circular on Grant of Refunds – Bank Guarantee
- Circular on Grant of Certificate for TDS
- Furnishing of copies of challans/returns to the Sales Tax Authorities.
- hit fund following the ‘completed contract method of accounting’ and offering income at the end of the chit, held, approving the method
- Budget Highlights on Taxation Front
- Income from stock lending taxable
- Securities lending/borrowing Scheme of Securities and Exchange Board
- Benign Assessment Procedure’ for assessees engaged in diamond manufacturing and/or trading
- Highlights of Rail Budget 2008-09 Presented by Railway Minister on 26.02.2008
- IT Department has sought clarity from the CBDT on non-compete fee
- ACIT vs. M/s Triace (ITAT Mumbai)
- Whether expenditure is on capital or revenue account should be decided from the practical and business view point and in accordance with sound accountancy principles
- Idea Cellular vs. DCIT (Bombay High Court)
- Power to condone the delay beyond the prescribed period
- Alloability of Interest on capital to Partners is subject to satisfaction of requirements of s. 36(1)(iii
- Indian students may get income tax relief in US
- Income Tax scrutiny policy not open to RTI query – CIC
- Refund Service Tax on Exports Further Extended by Service Tax Notification No. 3/2008 Dated 19/02/2008
- Payments of service tax as also VAT are mutually exclusive
- Assessing Officer Can not reopen the Assessment for change of opinion in subsequent years
- Unexplained Investment in respect of shares Purchased off Market
- RBI eases norms for opening bank a/c
- What is e-tax payment?
- Recent Income Tax Judgements 15.02.2008
- Whether sale proceeds of plants raised in nursery on land belonging to assessee constitutes income from agriculture – Held, yes
- Norms for filing TDS/TCS returns
- Employer’s Obligation-TDS-Previous Employment’s payments
- SC ruling on I-T deductions on interest paid on loan
- Anis Ahmad and Sons Versus Commissioner of Income Tax (Appeals),Kanpur & Anr. (Supreme Court)
- Rohitasava Chand Versus Commissioner of Income Tax (Delhi High Court)
- Validity of Selection of case for scrutiny assessment-Selection contrary to CBDT’s instructions
- Income Tax – It is impermissible to convert assets to cash and thereafter impound the same;
- Addl CITs cannot be designated as AOs – No CBDT Order available; CIT(A) invalidates assessments for lack of jurisdiction*
- Income Tax – damages paid for non-fulfillment of contractual obligations – allowable expenditure – But, any sum paid for infraction of law, not allowab
- Subsidiary reimburses non-resident parent company for mobilisation and demobilisation charges – if TDS not deducted on payments, provisions of Sec 40(
- “Surcharge in block will be leviable even before the insertion of provisio” SC
- Deduction on actual payment – Payments towards PF and ESIC
- IT Dept extends last date for TDS returns for the second quarter of this fiscal to February 29.
- Income Tax – No physical delivery of shares – Share trading loss is speculative loss – ITAT
- Madras HC says blending and bottling of IMFL is ‘manufacture’ , eligible for deduction under Sec 80IB
- Term ‘wholly charitable or religious’ u/s 11 of I-T Act
- Depreciation and amortization on investments held in permanent category cannot be allowed to be deducted while computing taxable income : ITAT
- Tax Dept to use identity-search software to prevent evasion
- High Court quashes transfer of file from one ITO to another – time spent in litigation not excluded from limitation : AP High Court
- International taxation has become complex
- CBDT is duty bound to refer matter to transfer pricing officer of international transaction exceeding Rs. 5 crores
- Interest paid on loans for acquisition of new machinery before same is first put to use, cannot be claimed as revenue expenditure
- Union of India Versus Anil Chanana and Another (Supreme Court)
- Presumptive tax net may expand to Include Taxi and bus fleet owners and contractors providing raw materials, electrical work and furniture in civil
- IT Dept. lists refund details on website
- Expenditure made for use of domestic customer base and transfer of human skills – revenue in nature – allowable deduction : ITAT
- Jayalalitha wins – Agricultural income and cash expenditure, not bogua- ITAT
- The Amadeus system, by which subscribers in India are enabled to perform the functions of reservation and ticketing, represents a “business connection”
- Right to Information Act, 2005 (RTI)
- Sales from one STP to another is not deemed export for Income Tax deductions : ITAT
- Loss on sale of debentures – deduction allowed even if loss was known at time of applying for debentures
- TDS – deduction to be treated as tax payment from the person from whose income tax was deducted
- SC decision on tax for companies doing both agriculture and trade
- Stock appreciation rights’ different from ‘stock options’
- HC ruling on bonus, ex-gratia for TN textile workers
- E-payment of taxes made mandatory from 01-04-2008 for corporates and those covered U/S. 44AB
- Scope to scrutinise-Assessing officer (AO) can issue a notice only for the limited scope as against loss, exemption and allowance or relief, which in his opinion is inadmissible
- FBT on ESOPs – CBDT amends Rule 40C
- Revenue cannot ask assessee to give information about its own dues pending
- Cooling Charges Paid are not covered U/s. 194I but are covered U/s. 194C
- Another step towards tracking the Insider Trading
- Taxability of damages for breach of contract
- Service Tax – GTA muddle – receipt of goods into factory is input service; clearance of goods from factory is output service? – Consignee factory eligible
- Defining “Export Turnover” for Sec- 10A of the Income Tax Act, 1961
- Doubtful debts and damaged stocks- Delhi HC
- Show cause notice issued after six months from the date of search and even after completion of the investigations is barred by limitation
- CPE Credit Requirements for Members of the Institute **2008
- 5th Feb is the last date for C&AG updation for Empanelment
- DTAA with Finland- Notification
- In an indivisible contract no VAT if Service Tax is paid – Supreme Court
- Rent and deposits received by intermediary tenant from ultimate user not to be taken for computing net wealth of owner
- Excise and Service Tax Payments- Precautions
- Due date for MVAT audit extended
- SC – International arbitration awards can be challenged in the Indian courts of law
- Mere mention of corruption can’t bring intelligence under RTI
- Interest on deposits made compulsorily to get BG is not income;
- Soon pay bills, tax at e-kiosks
- Surcharge leviable under Finance Act was a distinct charge, not dependent for its leviability on assessee’s liability to pay income tax : SC
- Govt vets new tax regime to tighten grip on individuals
- Compulsory scrutiny of returns involving refund of Rs. 5 lakhs or above – problem in selection
- Tax shelter for co-operative societies
- Forged signatures of members of ICAI by non-Chartered Accountants
- Assessing Officer is to show in reason recorded that any income escaped
- SC to decide priority in cases of recovery of goverment dues
- Taxpayers can ask ITAT to review its erroneous order – SC
- The reassessment proceedings may be initiated on one ground but the reassessment may be done on any other grounds too
- Mauritius double tax treaty may be fine-tuned to survive I-T scrutiny
- Depreciation on residential flats ‘no justification in restricting it to 5%
- Delhi HC imposes costs on Income Tax Department for mechanically filing frivolous appeals
- The Income Tax Officer Vs. Ellora Silk Mills Pvt. Ltd. (ITAT Mumbai)
- C.A.- Think thrice before you issue a Certificate
- Only if income is arising directly or indirectly through or from any business connection in India , it can be taxed
- Export Turnover” for Sec- 10A of Income Tax
- Infosys case – SC rules every benefit is not taxable as income;
- Is value of DEPB licence attributable to ‘direct cost’ of trading exports?
- Show cause notice issued for recovery of erroneous refund without reviewing order of refund is valid : Tribunal
- SC rules in favour of Income Tax Commissioner
- FBT on ESOP – CBDT clarifications
- I-T – Settlement Commission – mandatory payment of interest new provisions challenged
- Proceedings in search cases cannot be used as an opportunity to reopen
- Stricter norms for tax audited accounts justified
- Book profits law gets stringent
- IT Dept acquisition value diminution Not Correct – HC
- FAQ on Family Arrangement
- NABARD Bonds-Sec. 80C Eligible
- BRITANNIA-PENSION DISPUTE-HC Decision-ICAI verdict awaited
- Tax paid by employer is not a perk
- CAs now allowed to advertise services
- Cos have to appoint monitoring agencies for IPO funds
- RTI Act – Income Tax Department determined to deny information – fails in second Appeal
- Deferred tax liability is Not a provision for Income Tax -ITAT
- How to avoid rigour of transfer pricing
- Govt may scrap TDS on corporate bonds
- Accounting by infrastructure companies
- Bank Audit Panel-Corrections under Process
- Professionals may get a breather with higher TDS threshold
- Payments made for services provided from abroad will be taxable
- UP CM Mayawati wins Rs.60.00 Lacs case in ITAT
- Post Office Deposit now Eligible for Deduction Under Section 80C
- HUFs into financing can’t access public funds
- Income Tax Department to furnish information sought Under RTI within Two weeks
- Check with us before investing in IPOs – Ministry
- Wealth tax on properties
- Mat on increase in Depreciation due to increase in cost of Assets purchase in foreign currency
- If in law income has to be taxed in hands of AOP
- Taxpayer is not expected to step into the shoes of the Assessing Officer for examining whether the receipts in the hands of the recipient is income or not whether he is liable to pay tax thereon or not
- Explanatory circular on Fringe Benefit Tax arising on allotment or transfer of specified securities or sweat equity shares
- Gratuity Act is applicable to establishments covered by Factories Act’
- Jurisdiction u/s 147 can be exercised even on the basis of a prima facie opinion
- Transfer to reserve before making deduction u/s 36
- Section 10(10CC) of the Income-tax Act, 1961
- ITAT in Van Oord Atlanta-Critical analysis by Kapil Goel, Chartered Accountant
- Expenditure incurred in relation to income not includible in total income -Sec 14A
- Capital gains of non-residents from Indian assets
- By its very nature, the power to rectify a mistake would not result in the recall and review of the order sought to be rectified.
- Principles for reckoning of limitation period for completion of block assessment
- Bank Term Deposit (Amendment) Scheme, 2007 -Sec.80C- Amendment
- Rules for Preparation and submission of Paper Books to Tribunal
- Parents can’t revoke assets gifted to sons
- Landlord takes refundable interest-free deposit from tenant – Income Tax wants to tax notional interest
- Is FBT payable on ESOPs involving foreign shares?
- Judgement for Transperency in Co-operative Society & Bank Audits in Maharashtra
- Foreign Direct Investments (FDI) and refund of advance remittances
- Amnesty Scheme – ESIC
- NRI investments – Some FAQs
- Norms for citizenship
- Time limit for rectification of orders by the Income Tax Appellate Tribunal (ITAT)
- Jurisdiction when the business or profession is carried on at more places than one
- Due Date Extended for filing of new ITR forms
- ITAT mathematics – Transfer pricing is no science
- Citizens cannot question government policies and plans
- Interpretation of double tax avoidance agreements
- There is no manufacture in a hotel – investment allowance not allowed – Allahabad High Court
- Transaction relating to gift considered in regular assessment
- Export fraud – Action against Customs Officers – Notice to be issued within three months, Commissioner correct in dropping proceedings against Officer
- Capital gains and tax
- e-TAX Payment of Taxes – Frequently Asked Questions
- e-Payment (Online) payment of Income Tax
- Shares bought for Rs 5.25 Cr sold for Rs 52.5 lakh in same year
- Tax on concessional rent accommodation – CBDT notifies amendment to Rule 3
- sec 80HHC – deductions when there is a loss – word ‘or’ has been used intentionally and it cannot be substituted with ‘and’ – ITAT
- Scrap sales would be included in total turnover for purpose of calculating deduction u/s 80HHC – ITAT
- Whether lease agreement for a period for less than one year with an extension clause which is normally an agreement of Leave and Licence, will not be covered by section 4(8)(b) of the W-T Act and section 269UA(f) of the I-T Act.
- Depreciation not alloawable till clearance by Customs – SC
- EEFC to Earn Interest -A. P. (DIR Series) CIRCULAR NO 13 /RBI., Dated: October 6, 2007
- Calling ID safe browsing toolbar
- DTAA- CIT vs. P.V.A.L. Kulandagan Chettiar (Supreme Court)
- 80HHC -Hero Exports vs. CIT (Supreme Court)
- Clarification issued by PF Dept in ‘2005 requirng the inclusion of Leave Encashment for PF contributions
- Article on set-off and carry-forward of the losses under The Income-Tax Act, 1961
- Latest Advance Ruling may impact billion-dollar Vodafone takeover case
- Penalty – For failure to get accounts audited under the Income Tax Act, 1961
- AS-22 related to deferred tax accounting upheld by Apex Court
- No export obligation burden on SEZs
- Mere addition agreed to by assessees during course of Survey u/s 133A would not empower Assessing Officer to levy penalty : Madras HC
- Securities transaction tax likely to be hiked
- Provision for NPA debited to P & L account as per RBI Act, not eligible for deduction under I-T Act
- Scrutiny of I-T return, why’s not for you to ask
- Free gifts may have a tax tag
- Tax refund scheme to cover entire country
- Cenvat credit availed during the period 01/01/2005 to 15/06/2005 on the basis of TR-6 challans, which were used for payment of Service Tax on the services received from GTA, is admissible
- Amendment in Rules Related to Valuation of Perquisites forming part of salary income
- Income Tax – Exemption of Allowance in the hands of Employees working in mines
- Common Errors in PC & The First Aid
- Period of preservation of accounts or for which books are required to be maintained
- Last date of filing Income Tax /Fringe Benefit Tax Return extended
- Stay Applications uner the Income Tax Act, 1961
- Residential property and capital gains
- Deferred tax under MAT?
- Management Representation Letter on Fringe Benefit Tax Audit
- How to Compute Turnover In Case Of Future and Options Trades, Speculation Trades and Applicability of Tax Audit U/s. 44AB of the Income Tax Act, 1961
- Procedure for refund of tax deducted at source under section 195 to the person deducting the tax – regarding.
- ESOP norms – Many issues await clarification
- Labour norms eased for firms with 40 workers
- FBT on ESOP should not apply to foreign securities?
- How to Write a Better Resume
- SEBI announces new Promissory Note policy
- Tax implications of offshore derivative instruments
- Five key issues in FBT guidelines on ESOPs
- ICAI comes out with new Accounting Standard
- Warrant of authorisation issued by Addl Director without proper authority
- Interest earned on surplus funds deposited in banks cannot be business income
- Ruling on PF deductions from leave encashment
- Interest on refund of interest paid u/s 234B of Income Tax Act allowed – ITAT
- C.A. Certificate Required before before making remittances to non-residents
- TRO has been given power to rectify the mistakes apparent from the face of record regarding tax demanded from a taxpayer
- Notification on Valuation of ESOP for FBT
- Modvat Credit available to the assessee as on the last day of the previous year does not amount to payment of Central excise duty u/s. 43B
- INCORPORATION OF COMPNAY – PROMOTED BY FOREIGN COMPNAY
- E-filing of Income-tax return forms
- Two interpretations of an Explanation
- All Fools Day rates basis for DEPB II
- IT professional can’t avoid tax on foreign earnings
- Appeal to High court – Estimate of income
- Validity of Return-Return signed by General Manager of Company
- LICs MAIDEN HEALTH INSURANCE PRODUCT SOON
- Jurisdiction of the Bench is to be determined not by the business or residence of the assessee but by the location of the office of the Assessing Officer.
- Frequently asked questions by NGOS, Queries related to Income Tax Act, 1961
- Data from service tax department and state value-added tax (VAT) departments may now come handy for the I-T sleuths to catch those evading taxe
- Confusion in the AIR
- Board circulars are binding on the Department, even if they are wrong or against decisions of the Supreme Court
- Avoid gifts in cash to stay outside taxman’s radar
- Format of Development Agreement with Builder
- Got a gift from a relative? No tax on it
- Delayed TDS on ‘usance interest’ – Payment of interest u/s 201(1A)
- Need for notice u/s 143(2) cannot be dispensed
- Can double benefits u/s 10B and Sec 80HHC be allowed on exports of same goods?
- Liberalised Remittance Scheme for Resident Individuals- Enhancement of limit from USD 100,000 to USD 200,000
- FEMA – Update and Analysis
- Right to Emergency Care
- Vyaj badla dispute is not admissible in court
- Intersting one- Avoiding double taxation overseas
- Law on borrowed words
- Tribunal’s power to grant stay of demand – A Study
- Taxpayers Liable To TDS / TCS Are Advised To Furnish Their Correct Pan with Their Deductors
- Role of Internal Auditor in Enterprise-wide Risk Management (ERM)
- Using Audit Tools — Purchase and Accounts Payable — Case Study
- Frauds — A compilation
- Using Audit Tools — Inventory Case Study
- Internal Audit of Maintenance — Electrical motors Case study
- Internal Audit of Container Freight Station (CFS)
- Internal Audit of Information Technology (IT) Organisation
- Implementing Risk Management — A case study
- Internal Audit of Sales
- Internal Audit of Payroll
- Internal Audit of Stores
- Internal Audit of Procurement activity – A case Study
- Internal Audit of Personnel (Staff)
- Is FBT Applicable on Charitable Trusts?
- Income or transactions not disclosed on or before date of search – would not have been disclosed but for the search – to be treated as undisclosed income
- IT – Assessment order passed u/s 158BC without notice suffers from jurisdictional error and not valid in law
- Order passed by an adjudicating body does not become effective until it is communicated to the person affected thereby
- The costly ambiguity surrounding FBT on ESOPs
- Insurance Premium Exceeding 20 percent of sum assured is allowable?
- TDS- Why we Should Not Forget to Deduct?
- TDS credit- Not Easy to receive
- Losses not deductible under Sec 80HHC -SC
- Income Tax Search and Seizure – Check out the facts before you start to worry
- Due Date Table for TDS and TCS quarterly returns:
- Due Date Table for Income Tax and associated matters:
- Income Tax Scrutiny Norms for A.Y. 2007-08
- NSDL ETDS/TCS Return Preparation Utility (RPU)
- NSDL Annual Information Return Preparation Utility (AIR RPU)
- Magnetic Ink Character Recognition (MICR)
- National Electronic Funds Transfer (NEFT) – FAQ
- Electronic Funds Transfer (EFT) Meaning , Sysytem , Charges and Benefit
- RTGS System in Banking
- Extension of Due Date of Payment of The First and Second Installment of Advance FBT on ESOPS
- Recycle Bin for Tally 7.2 and Tally 9
- BCTT helps Income Tax make dent into cash transactions; CBDT to use prosecution
- Whether notice to assess gift by a deceased person has to be served on all legal representatives of deceased
- Employing muscle power to recover vehicle loans cannot be permitted
- TDS credit – firm vs partners – If dividend income is assessed in hands of assessee-shareholder ?
- J & K exemption – education cess also to be refunded : Tribunal
- ITAT has power to extend stay, even after 2007 amendment – Identical cases in Central Excise followed : Bombay HC
- Acceptance of audit & Code of conduct
- Assessee entitled to deduction u/s 80HHC on income from transfer of DEPB from AY 1998-99 and onwards – ITAT
- Preloaded operating system software is an integral part of a laptop and cannot be classified separately
- Credit on input service – Outward freight – Gujarat Ambuja disagreed with – referred to Larger Bench
- Amendment to e-Tds / e-Tcs filing w.e.f. 01/09/2007
- Labour Act change to allow women on night shifts
- Govt to introduce biometric PAN cards
- Useful information on eTDS
- Income from Share Trading – Business Gain or capital Gain?
- PAN- Frequently asked Questions
- Telecommunication services through earth station set up by the assessee cannot be characterized either basic or cellular and, therefore assessee not entitled to deduction u/s. 80IA
- Excise duty and sales tax will not form part of total turnover while computing deduction under section 80HHC
- Losses Abroad to Reduce Taxable Income in India
- I-T dept moves SC against AAR ruling that foreign firms are not liable to pay tax on assignment amount charged from their Indian subsidiaries if contracts are signed outside the country
- Line of Judicial Thinking on CBDT’s Instructions for dealing with Revenue Audit Objections
- Defination of terms used in Section 44AB
- Marginal relief for borderline cases from an additional tax liability that goes beyond the income in excess of Rs 10 lakh
- Companies should deduct TDS on director loans
- Gujarat HC on Grant Relief on New Return Forms
- Interest Income from investment in banks not entitled to deduction U/s 80IA
- Reopening on the basis of non payment of tax on income declared for earlier A.Y. not valid
- No demand on tax deductor if deductee has discharged tax obligation – Supreme Court
- IT – Inefficient Taxman !
- Revision of Monetary Limits for filing Departmental Appeals before the Appellate Authorities
- When Tax become debt and due- SC Judgement
- Co-Relation Beatween Income and TDS is necessary
- Interest ordered for delayed refund – action recommended against officers concerned
- Repairs and insurance of machinery, plant and furniture- SC
- Saral 2D – Allahabad HC decision in support of assessees
- Questions Related to Digital Signature (DSC)
- Registration U/S 12A only entitles claim for exemption- HC
- Income from property held under Trust- ITAT Judgement
- No PAN, No refund on FD earnings
- SC JUDGEMENT-Recovery of Debts Due to Banks and Financial Institutions
- Supreme Court on 194-A
- Supreme Court relaxes rigour of penalties
- AIR (Annual Information Report) Detail in New ITR Forms
- Privacy Policy for www.taxguru.in
- Capital gains tax – Application of Sec 2(47) is valid only if conditions of Transfer of Property act are satisfied
- Income from sale of plants grown directly in the pots and the sale of seeds, can be treated as agricultural income
- Nursery income is Agriculture income
- Representative Assessee cannot be taxed if NRI can be assessed independently
- Further Extention of ITR dates in Bihar till 15 September 2007
- Revised guidelines for issue of PAN to Indians abroad
- Instruction regarding utilization of info. in AIRs
- Invocation of powers u/s 263 of the Income Tax Act, 1961
- Govt to scrap cost audit in select sectors
- How C.A. can bring improvement in working
- What are books of account?
- Unexplained money – SC Judgement U/s. 69A of Income Tax Act
- Dishonour of cheque for insufficiency of funds in account
- Dispensing With TDS Certificate
- Payment of additional fees to RoC — No guarantee against prosecution
- Income realised from sub-lessee is to be assessed under Head ‘Other Sources’
- Post Office Monthly Income Scheme limits increased
- E-payment made mandatory for corporates
- Chartered Accountants – Watch Out For Those Ten Deadly Time-Traps
- Gift from abroad – Exempt from Income Tax or Taxable?
- Cost Inflation Index for F.Y. 2007-08 / AY 2008-09
- Highlights of RBI Credit Policy
- Whether outgoing partners liable to pay excise duty assessed against a registered partnership firm, which was dissolved?
- Comparison of fiscal benefit available to SEZ, SEZ developer & 100% EOU
- Interpretation of Accounting Standard’s issued by ICAI in brief
- Buy-Back of Shares under Section 77 of the Companies Act, 1956
- How to be Successful in Interviews
- How to Write a Good CV
- Scrutiny norms for Non-Corporate Assessee for the Financial Year 2007-08 and A.Y. 2008-09
- Circular no. 5 / 2007, dated 26-7-2007 related to new ITR
- Employer does not credit TDS to Govt – Can it be recovered again from employee by Income Tax?
- Disclaimer for www.taxguru.in
- CA certificate required to be given to the banker even in respect of import payments
- Filing Return of Income under the new ITR Form Series (A simple guide)
- Lets Learn Accounting Software Tally
- Lets Learn Commands of Microsoft Excel And Microsoft Word
- Tribunal puts hire purchase financing out of service tax net
- The Art of Writing a Powerful Resume
- Family partition of Hindu Undivided Family which is as per amended provisions of Hindu Succession Act, 1989 is recognised u/s 171 of I-T Act – Revenue
- Change in Rules Relating to cash payment under the Income Tax Act, 1961
- Know all about Letter of Credit (LC)
- When the exempted amount of duty was required to be refunded for operationalising the exemption, Education Cess, which was in the nature of piggy back duty on the excise duties under the said three Acts, was also required to be refunded
- Service Tax – Applicant seeks ruling on a running pilot project with employees already in place – Advance Ruling can be sought only on a service proposed to be provided
- Tax paid by the company is part and parcel of the salary and not any sum outside the salary or independent of salary
- Consideration paid by assessee company for obtaining the leasehold rights from MIDC in favour of the assessee for a period of 99 years is capital in nature
- Advance ruling on service tax issue sought – Application rejected as applicant does not qualify to do so as per Sec 96A(C) and 96C(2) of the Finance Act, 1994
- Activity in respect of which advance ruling is sought must be the one which is proposed to be provided
- The Standards of Weights and Measures (Packaged Commodities) Rules, 1977
- Exempts excisable goods of the First Schedule to the Central Excise Tariff Act, 1985 (5 of 1986)-Notification No- 05/2006-CE dated 1.3.2006
- Whether the yearly ‘declaration’ filed, by a small scale manufacturer can be treated as a ‘return’ under Sec. 32E(1) of the Central Excise Act.
- Guidance Note on Accounting for State-level Value Added Tax
- Guidance Note on Audit Under Section 115JB of The Income Tax Act, 1961
- Companies (Auditor’s Report) Order, 2003
- Using a wrong accounting Code for payment of Service Tax clarification- Regarding
- Guidelines on entry of new banks in the private sector
- CLB judgment on non issue of further shares to existing shareholders
- The Finance Act 2000, (No. 10 of 2000), Dated- [12th May, 2000]
- Whether for assessment years subsequent to assessment year 1996-97, no deduction under section 40(b)(v) will be admissible unless partnership deed either specifies amount of remuneration payable to each individual working partner or lays down manner of quantifying such remuneration
- The cost of acquisition of the depreciable asset is bound to be computed in accordance with section 50. In other words, section 55(2) is applicable only in respect of sections 48 and 49 of the Act and it has no application to section 50 of the Act
- There is no conflict between the provisions of sections 50 and 55(2) of the I-T Act, 1961
- Guidelines on Entry of New Private Sector Banks
- Procedure for regulating refund of amounts paid in excess of tax deducted and/or deductible – Circular: No. 285 [F. No. 275/77/79-IT(B)], dated 21-10-1980.
- PROCEEDINGS UNDER SECTIONS 144-A AND 144-B OF THE INCOME-TAX ACT, 1961-PROCEDURAL INSTRUCTIONS
- Workload of current assessment – Reporting of – Proforma of MPR – Amendment of –
- Notification: S.O.2087 Date of Issue: 31/12/1976
- Notification: S.O.1277 Date of Issue: 31/12/1976
- Notification: S.O.1061 Date of Issue: 31/12/1976
- Notification: S.O.1060 Date of Issue: 31/12/1976
- Notification: S.O.842(E) Date of Issue: 30/12/1976
- Notification: S.O.581 Date of Issue: 29/12/1976
- Notification: S.O.635 Date of Issue: 24/12/1976
- Notification: S.O.580 Date of Issue: 23/12/1976
- Notification: S.O.1984 Date of Issue: 23/12/1976
- Income Tax Notification: S.O.587 Date of Issue: 17/12/1976
- Income Tax Notification: S.O.585 Date of Issue: 17/12/1976
- Income Tax Notification: S.O.584 Date of Issue: 17/12/1976
- Income Tax Notification: S.O.583 Date of Issue: 17/12/1976
- Income Tax Notification: S.O.582 Date of Issue: 17/12/1976
- Notification: S.O.590 Date of Issue: 17/12/1976
- Income Tax Notification: S.O.589 Date of Issue: 17/12/1976
- Notification: S.O.588 Date of Issue: 17/12/1976
- Notification: S.O.590 notifies ‘William Carey Study and Research Centre, Calcutta’ for the purpose of section 10(23C)
- Notification: S.O.589 Date of Issue: 17/12/1976
- Notification No. S.O.588 notifies ‘Sri Bhramaramba Malleswara Swami Vari Devasthanam, Pedakakani’ U/s. 10(23C)
- Notification: S.O.579 Date of Issue: 10/12/1976
- Notification: S.O.634 Date of Issue: 10/12/1976
- Notification: S.O.573 Date of Issue: 8/12/1976
- Notification: S.O.69 Date of Issue: 27/11/1976
- Notification: S.O.68 Date of Issue: 27/11/1976
- Notification: S.O.70 Date of Issue: 24/11/1976
- Notification: S.O.67 Date of Issue: 18/11/1976
- Notification: S.O.65 Date of Issue: 15/11/1976
- Notification: S.O.4781 Date of Issue: 1/11/1976
- Notification: S.O.4780 Date of Issue: 1/11/1976
- Notification: S.O.473 Date of Issue: 1/11/1976
- Notification: S.O.83 Date of Issue: 27/10/1976
- Notification: S.O.4065 Date of Issue: 25/10/1976
- Notification: S.O.4064 Date of Issue: 25/10/1976
- Notification: S.O.4063 Date of Issue: 25/10/1976
- Notification: S.O.4676 Date of Issue: 18/10/1976
- Notification: S.O.4675 Date of Issue: 18/10/1976
- Notification: S.O.4062 Date of Issue: 18/10/1976
- Notification: S.O.4061 Date of Issue: 18/10/1976
- Notification: S.O.4570 Date of Issue: 12/10/1976
- Notification: S.O.4569 Date of Issue: 30/9/1976
- Notification: S.O.4568 Date of Issue: 29/9/1976
- Notification: S.O.4567 Date of Issue: 29/9/1976
- Notification: S.O.3616 Date of Issue: 27/9/1976
- Notification: S.O.4778 Date of Issue: 25/9/1976
- Notification: S.O.4470 Date of Issue: 24/9/1976
- Notification: S.O.4294 Date of Issue: 24/9/1976
- Notification: S.O.4293 Date of Issue: 24/9/1976
- Notification: S.O.615(E) Date of Issue: 16/9/1976
- Notification: S.O.4060 Date of Issue: 15/9/1976
- Notification: S.O.4059 Date of Issue: 15/9/1976
- Notification: S.O.4058 Date of Issue: 13/9/1976
- Notification: S.O.4057 Date of Issue: 7/9/1976
- Notification: S.O.3270 Date of Issue: 4/9/1976
- Notification: S.O.3269 Date of Issue: 4/9/1976
- Notification: S.O.4056 Date of Issue: 2/9/1976
- Notification: S.O.4055 Date of Issue: 2/9/1976
- Notification: S.O.4054 Date of Issue: 2/9/1976
- Notification: S.O.3528 Date of Issue: 1/9/1976
- Notification: S.O.4292 Date of Issue: 31/8/1976
- Notification: S.O.4291 Date of Issue: 31/8/1976
- Notification: S.O.4053 Date of Issue: 21/8/1976
- Notification: S.O.4052 Date of Issue: 21/8/1976
- Notification: S.O.4290 Date of Issue: 17/8/1976
- Notification: S.O.3882 Date of Issue: 16/8/1976
- Notification: S.O.3525 Date of Issue: 11/8/1976
- Notification: S.O.4289 Date of Issue: 17/8/1976
- Notification: S.O.3474 Date of Issue: 6/8/1976
- Notification: S.O.3473 Date of Issue: 6/8/1976
- Notification: S.O.3401 Date of Issue: 6/8/1976
- Notification: S.O.3400 Date of Issue: 6/8/1976
- Notification: S.O.3399 Date of Issue: 6/8/1976
- Notification: S.O.3881 Date of Issue: 31/7/1976
- Notification: S.O.3117 Date of Issue: 31/7/1976
- Notification: S.O.3526 Date of Issue: 30/7/1976
- Notification: S.O.3524 Date of Issue: 29/7/1976
- Notification: S.O.3686 Date of Issue: 28/7/1976
- Notification: S.O.3685 Date of Issue: 28/7/1976
- Notification: S.O.3684 Date of Issue: 28/7/1976
- Notification: S.O.4566 Date of Issue: 27/7/1976
- Notification: S.O.3116 Date of Issue: 26/7/1976
- Notification: S.O.3472 Date of Issue: 22/7/1976
- Notification: S.O.3110 Date of Issue: 19/7/1976
- Notification: S.O.3109 Date of Issue: 19/7/1976
- Notification: S.O.3115 Date of Issue: 17/7/1976
- Notification: S.O.3398 Date of Issue: 13/7/1976
- Notification: S.O.3114 Date of Issue: 12/7/1976
- Notification: S.O.458(E) Date of Issue: 5/7/1976
- Notification: S.O.4051 Date of Issue: 29/6/1976
- Notification: S.O.2749 Date of Issue: 29/6/1976
- Notification: S.O.2826 Date of Issue: 22/6/1976
- Notification: S.O.3396 Date of Issue: 21/6/1976
- Notification: S.O.2883 Date of Issue: 21/6/1976
- Notification: S.O.420(E) Date of Issue: 19/6/1976
- Notification: S.O.2825 Date of Issue: 17/6/1976
- Notification: S.O.2356 Date of Issue: 10/6/1976
- Notification: S.O.3032 Date of Issue: 9/6/1976
- Notification: S.O.2823 Date of Issue: 5/6/1976
- Notification: S.O.2822 Date of Issue: 5/6/1976
- Notification: S.O.2882 Date of Issue: 5/6/1976
- Notification: S.O.2824 Date of Issue: 5/6/1976
- Notification: S.O.2747 Date of Issue: 3/6/1976
- Notification: S.O.2215 Date of Issue: 1/6/1976
- Notification: S.O.2746 Date of Issue: 31/5/1976
- Notification: S.O.2216 Date of Issue: 20/5/1976
- Notification: S.O.2354 Date of Issue: 18/5/1976
- Notification: S.O.2353 Date of Issue: 18/5/1976
- Notification: S.O.2352 Date of Issue: 18/5/1976
- Notification: S.O.2351 Date of Issue: 18/5/1976
- Notification: S.O.2350 Date of Issue: 18/5/1976
- Notification: S.O.2349 Date of Issue: 18/5/1976
- Notification: S.O.311(E) Date of Issue: 23/4/1976
- Notification: S.O.1834 Date of Issue: 22/4/1976
- Notification: S.O.2146 Date of Issue: 21/4/1976
- Notification: S.O.2145 Date of Issue: 17/4/1976
- Notification: S.O.1833 Date of Issue: 17/4/1976
- Notification: S.O.1832 Date of Issue: 17/4/1976
- Notification: S.O.275(E) Date of Issue: 1/4/1976
- Notification: S.O.274(E) Date of Issue: 1/4/1976
- Notification: S.O.2143 Date of Issue: 1/4/1976
- Notification: S.O.2142 Date of Issue: 1/4/1976
- Notification: S.O.1922 Date of Issue: 1/4/1976
- Notification: S.O.1921 Date of Issue: 1/4/1976
- Notification: S.O.1920 Date of Issue: 1/4/1976
- Notification: S.O.2881 Date of Issue: 1/4/1976
- Notification: S.O.266(E) Date of Issue: 31/3/1976
- Notification: S.O.1680 Date of Issue: 28/3/1976
- Notification: S.O.1679 Date of Issue: 28/3/1976
- Notification: S.O.1678 Date of Issue: 28/3/1976
- Notification: S.O.1634 Date of Issue: 27/3/1976
- Notification: S.O.1633 Date of Issue: 26/3/1976
- Notification: S.O.1686 Date of Issue: 25/3/1976
- Notification: S.O.1632 Date of Issue: 25/3/1976
- Notification: S.O.1631 Date of Issue: 25/3/1976
- Notification: S.O.1534 Date of Issue: 24/3/1976
- Notification: S.O.197(E) Date of Issue: 15/3/1976
- Notification: S.O.1630 Date of Issue: 15/3/1976
- Notification: S.O.1525 Date of Issue: 15/3/1976
- Notification: S.O.1533 Date of Issue: 11/3/1976
- Notification: S.O.1685 Date of Issue: 11/3/1976
- Notification: S.O.1684 Date of Issue: 11/3/1976
- Notification: S.O.1724 Date of Issue: 8/3/1976
- Notification: S.O.1677 Date of Issue: 8/3/1976
- Notification: S.O.1574 Date of Issue: 28/2/1976
- Notification: S.O.1573 Date of Issue: 25/2/1976
- Notification: S.O.1524 Date of Issue: 23/2/1976
- Notification: S.O.134(E) Date of Issue: 23/2/1976
- Notification: S.O.1571 Date of Issue: 19/2/1976
- Notification: S.O.1523 Date of Issue: 19/2/1976
- Notification: S.O.1357 Date of Issue: 19/2/1976
- Notification: S.O.1725 Date of Issue: 17/2/1976
- Notification: S.O.1624 Date of Issue: 17/2/1976
- Notification: S.O.1572 Date of Issue: 17/2/1976
- Notification: S.O.1522 Date of Issue: 17/2/1976
- Notification: S.O.1521 Date of Issue: 17/2/1976
- Notification: 1234 Date of Issue: 17/2/1976
- Notification: S.O.1623 Date of Issue: 12/2/1976
- Notification: S.O.1452 Date of Issue: 12/2/1976
- Notification: S.O.1302 Date of Issue: 12/2/1976
- Notification: S.O.1087 Date of Issue: 12/2/1976
- Notification: S.O.1163 Date of Issue: 5/2/1976
- Notification: S.O.1162 Date of Issue: 5/2/1976
- Notification: S.O.1161 Date of Issue: 4/2/1976
- Notification: S.O.1723 Date of Issue: 31/1/1976
- Notification: S.O.1020 Date of Issue: 21/1/1976
- Notification: S.O.1017 Date of Issue: 20/1/1976
- Notification: S.O.964 Date of Issue: 15/1/1976
- Notification: S.O.963 Date of Issue: 15/1/1976
- Notification: S.O.4565 Date of Issue: 15/1/1976
- Duties & Functions of an Inspector in the Department
- Notification: S.O.1019 Date of Issue: 6/1/1976
- Notification: S.O.961 Date of Issue: 1/1/1976
- Notification: S.O.960 Date of Issue: 1/1/1976
- Notification: S.O.959 Date of Issue: 31/12/1975
- Notification: S.O.885 Date of Issue: 31/12/1975
- Notification: S.O.884 Date of Issue: 31/12/1975
- Notification: S.O.1015 Date of Issue: 31/12/1975
- Notification: S.O.958 Date of Issue: 29/12/1975
- Notification: S.O.710(E) Date of Issue: 18/12/1975
- Notification: S.O.663 Date of Issue: 15/12/1975
- Notification: S.O.662 Date of Issue: 6/12/1975
- Notification: S.O.583 Date of Issue: 19/11/1975
- Notification: S.O.5285 Date of Issue: 29/10/1975
- Notification: S.O.5349 Date of Issue: 27/10/1975
- Notification: S.O.323 Date of Issue: 27/10/1975
- Notification: S.O.661 Date of Issue: 9/10/1975
- Notification: S.O.133 Date of Issue: 8/10/1975
- Notification: S.O.565(E) Date of Issue: 1/10/1975
- Notification: G.S.R.99 Date of Issue: 30/9/1975
- Notification: S.O.4938 Date of Issue: 29/9/1975
- Notification: S.O.543(E) Date of Issue: 26/9/1975
- Notification: S.O.4936 Date of Issue: 25/9/1975
- Notification: S.O.4935 Date of Issue: 25/9/1975
- Notification: S.O.4934 Date of Issue: 25/9/1975
- Notification: S.O.534(E) Date of Issue: 24/9/1975
- Notification: S.O.4790 Date of Issue: 15/9/1975
- Notification: S.O.4789 Date of Issue: 10/9/1975
- Notification: S.O.5348 Date of Issue: 9/10/1975
- Notification: S.O.4788 Date of Issue: 9/9/1975
- Notification: S.O.4673 Date of Issue: 9/9/1975
- Notification: S.O.4672 Date of Issue: 9/9/1975
- Notification: S.O.4259 Date of Issue: 23/8/1975
- Notification: S.O.4470 Date of Issue: 22/8/1975
- Notification: S.O.4386 Date of Issue: 22/8/1975
- Notification: S.O.4399 Date of Issue: 14/8/1975
- Notification: 4749 Date of Issue: 13/8/1975
- Notification: S.O.4748 Date of Issue: 13/8/1975
- Notification: S.O.4747 Date of Issue: 8/8/1975
- Notification: S.O.4165 Date of Issue: 8/8/1975
- Notification: S.O.414(E) Date of Issue: 4/8/1975
- Notification: S.O.4162 Date of Issue: 2/8/1975
- Notification: S.O.4053 Date of Issue: 1/8/1975
- Notification: S.O.4385 Date of Issue: 1/8/1975
- Notification: S.O.2894 Date of Issue: 26/7/1975
- Notification: S.O.4054 Date of Issue: 23/7/1975
- Notification: S.O.4052 Date of Issue: 22/7/1975
- Notification: S.O.2648 Date of Issue: 19/7/1975
- Notification: S.O.2893 Date of Issue: 11/7/1975
- Notification: S.O.295(E) Date of Issue: 1/7/1975
- Notification: S.O.2529 Date of Issue: 17/6/1975
- Notification: S.O.2528 Date of Issue: 4/6/1975
- Notification: S.O.2262 Date of Issue: 21/5/1975
- Notification: 904 Date of Issue: 17/5/1975
- Notification: S.O.1979 Date of Issue: 17/5/1975
- Notification: S.O.1977 Date of Issue: 14/5/1975
- Notification: S.O.1976 Date of Issue: 14/5/1975
- Notification: 894 Date of Issue: 12/5/1975
- Notification: 884 Date of Issue: 28/4/1975
- Notification: S.O.179(E) Date of Issue: 15/4/1975
- Notification: S.O.1846 Date of Issue: 11/4/1975
- Notification: G.S.R.100 Date of Issue: 4/10/1975
- Notification: 863 Date of Issue: 31/3/1975
- Notification: S.O.25(E) Date of Issue: 10/1/1975
- Notification: S.O.507 Date of Issue: 6/1/1975
- Notification: S.O.738(E) Date of Issue: 30/12/1974
- Notification: S.O.725(E) Date of Issue: 19/12/1974
- Notification: S.O.504 Date of Issue: 6/12/1974
- Notification: S.O.503 Date of Issue: 6/12/1974
- Notification: S.O.9 Date of Issue: 27/11/1974
- Notification: 769 Date of Issue: 8/11/1974
- Notification: S.O.627(E) Date of Issue: 2/11/1974
- Notification: 764 Date of Issue: 26/10/1974
- Notification: S.O.3387 Date of Issue: 26/10/1974
- Notification: S.O.5 Date of Issue: 26/10/1974
- Notification: S.O.3138 Date of Issue: 21/10/1974
- Notification: S.O.615(E) Date of Issue: 17/10/1974
- Notification: S.O.3137 Date of Issue: 8/10/1974
- Notification: 732 Date of Issue: 5/10/1974
- Notification: S.O.3085 Date of Issue: 3/10/1974
- Notification: S.O.2913 Date of Issue: 27/9/1974
- Notification: S.O.2912 Date of Issue: 27/9/1974
- Notification: S.O.2677 Date of Issue: 21/9/1974
- Notification: S.O.567(E) Date of Issue: 21/9/1974
- Notification: S.O.2847 Date of Issue: 19/9/1974
- Notification: S.O.2483 Date of Issue: 26/8/1974
- Notification: S.O.2480 Date of Issue: 12/8/1974
- Notification: S.O.1833 Date of Issue: 27/7/1974
- Notification: S.O.2229-684 Date of Issue: 20/7/1974
- Notification: S.O.2479 Date of Issue: 16/7/1974
- Notification: S.O.1980 Date of Issue: 10/7/1974
- Notification: S.O.144 Date of Issue: 9/7/1974
- Notification: S.O.1979 Date of Issue: 6/7/1974
- Notification: S.O.2228-669 Date of Issue: 4/7/1974
- Notification: S.O.1832 Date of Issue: 21/6/1974
- Notification: S.O.1831 Date of Issue: 21/6/1974
- Notification: S.O.1719 Date of Issue: 19/6/1974
- Notification: S.O.1718 Date of Issue: 18/6/1974
- Notification: S.O.1717 Date of Issue: 15/6/1974
- Notification: S.O.1716 Date of Issue: 13/6/1974
- Notification: S.O.1606 Date of Issue: 28/5/1974
- Notification: S.O.1605 Date of Issue: 24/5/1974
- Notification: S.O.1659 Date of Issue: 22/5/1974
- Notification: S.O.1658 Date of Issue: 22/5/1974
- Notification: S.O.1604 Date of Issue: 22/5/1974
- Notification: S.O.143 Date of Issue: 21/5/1974