404 Not Found
We cannot locate what you are looking for. Try the search engine:
Yearly Archive
Monthly Archive
Category Archive
Posts Archive
- Circumustances when Rs. 1,50,000 maximum interest deduction not available on Self Occupied property
- 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
- Income Tax Exemption Limit to be raised to Rs 3 lakh – Parliamentary Committee
- 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
- Disallowance by CIT(A) of expense without any specific opportunity to the assessee in the matter of rendering of services not justified
- 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
- 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
- Guidelines issued under Section 36(1) (a) of the Banking Regulation Act, 1949 – Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) 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
- Prepare Form-16 for Fy 2011-2012 of upto 100 or 25 employees in one file
- 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
- 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
- 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- The magic figure of exempted 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
- Assessee has right to plan its affairs in such a 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
- Guidelines issued under Section 36(1)(a) of the Banking Regulation Act, 1949 – Implementation of the provisions of Foreign Contribution (Regulation) Act, 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
- Expression ‘consultancy’ service involves giving of an advice or advisory services by a professional – AAR
- 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
- 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 fees paid for education of children
- Deduction U/s 80D for Mediclaim Premium to Individual, HUF and Senior Citizens
- Things you should know about the ETDS-ETCS
- Solutions to the errors while doing the ETDS
- 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
- 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
- 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
- ICWAI President Communiqué February, 2012
- Download 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
- 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
- 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
- Auto Income tax & HRA Calculator with Auto Fill of Form 16 and ITR for Salaried for AY 2012-13
- Capital Gain Calculator for Shares – Long Term and Short term gain
- Know status of Income Tax Return Filed online
- Download Format of Bills for CA, CS, ICWA and other Professionals
- Income tax Calculator for A.Y. 2012-13, 2011-12 for Male,Female,Senior Citizen,Super Senior Citizen
- 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
- Additional Repo Operations under Liquidity Adjustment Facility (LAF) on Reporting Fridays
- How to 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
- Download Income Tax Calculator for A.Y. 2011-12, 10-11, 09-10, 08-09, 07-08 for Male, Female, Senior Citizens
- 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
- Highlights of 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
- Notice u/s 143(2) – Date of issue is relevant not the date of 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 and 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
- TDS on Salary Calculator for Employers for A.Y. 2012-13
- Format of declaration for Claiming Deduction from Salary Income 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
- Rates of depreciation under the Companies Act as mentioned in Schedule XIV
- Apply online for re-sending of CPC-Intimation u/s 143(1)/154 and 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
- Taxability of Capital Gain on sale of under construction property, Nature of Gain, Date of Indexation, Availability of benefit under section 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
- 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
- Peak Credit and telescoping theories in assessment proceedings under Income Tax
- Some Helpful Tips for Filing Income Tax Returns
- How to calculate Interest U/s. 234A, 234B, 234C; Return Due Date and Consequences of Late Filing
- Assessment of Charitable Trusts and Institutions
- Applicability of 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 Treaty of Trade between India and 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 Your Income Tax Refund Status online
- All about Permanent Account Number (PAN) and how it is structured
- How to open your ITR V / ITR Acknowledgement
- Check Your Income Tax Refund Status,Return Processing Status, status of Refund dispatched by post
- Brought Forward business Loss can not be set off against Capital Loss on sale of Depreciable Business Assets
- Investment covered under section 80C of Income Tax Act, 1961
- 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 and other benefits from taking Home loan in Joint Names
- CBI register case against three custom official for fraudulent clearance of goods
- Compounding of offences under the 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
- 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 – Electronic payment under the Profession Tax Act, 1975
- 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
- Service tax Return Filing Due Date Extended to 20th January 2012
- 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
- Long term & short term Capital gains from 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
- 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
- Specified provisions of the Act which shall apply to Centralised Processing of Returns Scheme, 2011
- 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
- Income Tax – How to Draft CIT / ITAT Appeal and 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
- Download Format of Statutory Registers required 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
- 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
- Download Section 89(1) Salary Arrear Tax Relief Calculator for A.Y. 2012-13 / F.Y. 2011-12
- 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
- Download Exempt House Rent Allowance (HRA) Calculator
- 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
- 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 alongwith Form 16, Form 10E and HRA Calculator for W.B.Police Employees
- 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)
- 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
- SAHAJ (ITR-I) in Excel for the Assessment Year 2012-2013(Automated) alongwith Auto fill Form 16 and 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
- Amendment to Schedule XIV to the Companies Act,1956 – Changes in Depreciation Rate on Plant and Machinery
- 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
- Download Automatic Form 16 with indian Font for A.Y. 2012-13
- 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
- CBEC specifies documents required for Service Tax Registration
- 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 the year 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 Public Provident Fund Scheme, 1968 (PPF, 1968) and Senior Citizens Savings Scheme, 2004 (SCSS, 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
- Enforcement Directorate questiones Unitech MD Sanjay Chandra
- Whether section 40(A) (ia) is having retrospective operation or not?
- 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
- Deductions under Section 80C in Relation to Investment in New Residential 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
- Automated Tax Calculation with Form-16 for C.G.Employees F. Y. 2011-2012 / A. Y. 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
- Exemption of Bhutan from the application of export bans by India on export of Milk Powder, Wheat, Edible Oils, Pulses and 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
- Frequently asked questions on New Pension Scheme and its deduction u/s 80CCD
- View TDS, Income Tax and Self Assessment Tax Credit Free of cost
- 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 the name of person through his PAN
- All about PAN, FAQ and documents required to issue PAN to resident and foreign resident
- Download Updated NSC Interest Rate Calculator in excel format
- 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
- How to know PAN, File IT return, Open Acknowledgement of HUF if incorporation date in PAN card mentioned as ANCESTRAL
- 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 and Cost Audit – clarifications regarding applicability and compliance requirements
- 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
- Levy of Stamp Duty in India, Types of Stamp in India, Important Provisions of Stamp Duty and 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
- Download Automated Form-16A for the Financial Year 2011-2012 and Assessment Year 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 from 1.12.2011 and interest on loan against PPF will cost 2 percent extra
- All you want to know about Public Provident Fund Scheme (PPF), 1968 (Updated)
- 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 paid to a foreign agent without deduction of tax for services rendered outside India cannot be disallowed under the Income-tax Act
- 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
- Format of Revised Schedule VI to the Companies Act 1956
- 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 and other useful calculators
- 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 Simple Income Tax Calculator for A.Y. 2012-13, 2011-12, 2010-2011
- Download Cost Inflation Indexed Cost Calculator in Excel Format
- 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
- Download Form-16 with 24Q (Annual Return) in Excel Format
- Compulsory Maintenance of books of account under Income Tax Act 1961
- 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
- Download Latest Form 16, 16A, 27D, 24G in Excel Format for A.Y. 2011-12 and A.Y. 2012-13
- 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 House Rent Payment for Salaried receiving HRA
- Lesser Known tax saving tips for Individual Taxpayers
- Income tax Planning in respect of Salary Perquisites
- Tax Planning- Save tax through your family
- Deduction under section 80C and tax planning
- Deduction under section 80G of the Income Tax Act on donation
- 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
- Commission to Post Office Agents – No Commission on PPF, SCSS and 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)
- 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
- New PAN Application Form 49AA for 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) PDF converter utility
- 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 (ST 3) Filing due date extended to 26th December 2011
- 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 Tax Deducted At Source (TDS) 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
- General power of attorney have no legal sanctity and immovable property can be sold or transferred only through registered deeds- 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,
- Section 50C – If Fair market value assessed by DVO is lower than the value adopted by Stamp Duty Authorities for collecting stamp duty and the value so adopted by DVO has to be adopted by the Assessing Officer for the purpose of computation of LTCG
- 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 emanating from the activities, which do not have a direct and necessary nexus with the shipping/dredging activities of the assessee-company, cannot be exempted under the 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))
- Online Service Tax Return filling without signature – Is it valid return?
- 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
- Service Tax Rate Chart and Rules Related to Payment of Service Tax
- 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
- How to surrender/Cancel extra /Additional PAN Online / Manually?
- 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
- 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
- Income Tax deduction on your children’s education u/s. 80C and 80E of the Income Tax Act, 1961
- Meaning, Formation, Taxation, Membership and Partition of HUF
- Use of section 144A of the Income Tax Act 1961
- Notice for assessment or reassessment U/S 148 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
- Must have components in your Salary, to minimise tax burden
- 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?
- All about Revised return under section 139(5) of Income Tax Act, 1961
- 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
- TAN Registration Number – What to do if it is forgotten or lost, How To Recover TAN
- 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
- Draft Guidance Note to the Revised Schedule VI to the Companies Act, 1956
- 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
- Download Automated Form-16 for Financial Year 2011-2012 and Assessment Year 2012-2013
- 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 bank site through net banking facility
- 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?
- Revised / correction TDS Return – How to make make Correction in Deductee Details?
- TDS deductor may soon be able to view PAN-wise ledger and different views available for Tax Payers on NSDL-TIN website
- Correction / Revised TDS/TCS statement – why to furnish, types, Procedure, Fees, where to submit, prerequisites, Online Status Check
- Form 26AS – Check tax credits before filing IT return and Rectification of Errors and Omissions
- How to check your TDS/TCS tax credit in form 26AS and 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 to be filled, Charges for Filing, Due Dates, Procedure , Forms etc.
- 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 made by Finance Act 2010 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
- 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
- Free Income tax Return Preparation Software for Non-Govt Employees for the F. Y. 2011-2012 and A. Y. 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
- How To download FUV file from NSDL Website to revise e-TDS return
- All in one Income Tax Calculator for Financial year 2011-2012 and Assessment Year 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 for all taxpayers 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
- Income Tax Deductions under section 80C – Eligible Investments and Expenses
- 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
- How to rectify and avoid interest default in Payment of TDS and How to calculate interest on TDS defaults
- Procedure for download and merging of split TDS/TCS statement
- Download Form 3CD with annexures, 3CA, 3CB and Caro Report in Excel Format (Updated)
- Download Revised Form 3CD in Excel PDF Format alongwith Tax Audit Checklist
- Rules for valuation of perquisite forming part of Salary Income
- Income under the Head ‘Salaries’ including the valuation of perquisites
- Consequences for Non Payment or Late Payment of TDS
- TDS – Due Date for Payment and Mode by which payment can be made
- Salary Income – Conditions for Claim of Deduction of Interest on Borrowed Capital for Computation of Income from House Property
- Income Tax Rates/ Slabs for the financial year 2011-2012 (A.Y. 2012-2013) for Individual, HUF, woman, senior citizen and senior citizen of 80 Years and more
- 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
- Deductibility of TDS on Provision for Expenses for which no invoice been received and allow ability of the same
- 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
- FAQ on Housing Loan and Income tax benefit (Things You Must know)
- 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)
- Cost Inflation Index meaning and Index for all the years
- Tds and TCS Rates for financial year 2011-12 and assessment year 2012-13
- 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 W.B.Govt Employees alongwith Form 10E and annexures
- Income Tax Calculator for Central and State Government Employees for Financial Year 2011-2012 and Assessment year 2012-2013
- 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
- Download Number to Word Convertor for Microsoft Excel programme without any 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
- New Procedure for Correction of Income Tax Payment challan (Pysical) by Banks
- 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 financial year 2010-2011and Assessment year 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
- New ITR- 1 (Sahaj) for the F.Y. 2010-11 or A.Y. 2011-12 with Auto tax Calculation and Acknowledgement
- 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
- What to do if Income Tax Refund cheque issued by CPC Bangalore Returned undelivered?
- 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
- Madras High Court ruling on the 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
- TDS on Salary – Provisions Applicable for A.Y. 2012-13 / Financial Year 2011-12 along with format of Forms and Undertakings
- 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
- Understanding deprecation under section 32 of the income tax act, 1961 with latest case laws
- 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
- Finance Minister Confident that Our Economy is Strong Enough to Address Any Concern Arising Out of Recent Delevements in USA and 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 on the capital assets was allowable even when capital expenditure on the acquisition of the corresponding assets had already been allowed as ‘pplication of income’for the purpose of allowing the exemption under s 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
- Deduction under Section 80G of the Income Tax Act, 1961 for donation (Updated)
- 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)
- 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 all 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
- Income tax treatment / Taxability of Agricultural Income
- 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
- Understanding Allowability of Business Expenditure under section 37 of the Income Tax Act, 1961 with latest case laws
- 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) scheme – Investment Limit, Income tax benefit, Features
- 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
- NIL Service Tax Return late filling penalty – BAAP RE BAAP
- 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
- Download, know and FAQ on Form 15G & Form 15H (Updated)
- 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
- Information about TAN in Q. A. format (Updated)
- 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)
- Know /Check Your EPF Balance online
- 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
- Assessee not liable to deduct TDS u/s. section 194C(2) on payment of freight charges made to lorry owners who merely placed the vehicles at the disposal of the assessee and never involved themselves in the work to be carried out by the 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
- Corporates and banks mandated to issue Form 16A downloaded from TIN central system
- Form 16/16A v/s 26AS online annual statement
- 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
- How to generate / Download Form 16A (TDS Certificate) online?
- Cost Inflation Index for Financial Year 2011-12 / Assessment year 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
- Public Provident Fund (PPF) Scheme -1968 – Clarification Payment of interest in respect of PPF HUF accounts
- 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
- How to know whether our deductor/collector filed quarterly TDS/TCS statement and provided our PAN
- How to verify correctness of TDS Certificate (Form 16A) issued by the deductor
- 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.)
- eTutorial – Online TAN Registration and Request for Consolidated TDS/TCS file from TIN
- 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
- Check status of Tax Deducted at Source (TDS) online
- 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
- Capital Gains Accounts Scheme – How, who and where to open, Tax Benefits, Salient Features
- 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
- Tax treatment of Recognized Provident Fund (RPF), Unrecognized Provident Fund (URPF), Statutory Provident Fund (SPF)
- Who is NRI and dedutibility of TDS on income earned by them in India
- 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
- House Rent Allowance (HRA) taxability and working/calculation of taxable HRA
- 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
- State Bank of India Interest Rate for Income Tax Purpose and Gold and Silver Rates as 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
- 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
- Procedure for issuance of Lower / Nil TDS Certificate
- 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
- Brief procedure to receive Form 16A from TIN website
- 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
- How to download online TDS Certificates in Form No. 16A from NSDL website
- 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
- Download free Income tax Return software ITR-1, ITR-2, ITR-3, ITR-4, ITR-4S, ITR-5, ITR-6 – AY 2011-12 / FY 2010-11
- 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 in Excel Format
- Download Form 16 and Form 16A applicable for Financial Year 2010-11 / A.Y. 2011-12
- Understanding Double Tax Avoidance Agreement (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
- Issue of TDS certificate in Form 16A for taxes deducted at source from payments other than salary
- 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
- Issuance of TDS Certificates in Form No. 16A downloaded from TIN Website and option to authenticate the same by way of digital signature – Circular under section 119 of the Income-tax Act 1961
- 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
- Revised Section 44AD – Is it really a palpable transformation?
- Tax planning by conversion of stock in trade into capital asset
- 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
- Changes in procedure relating to application for withholding tax at a lower / nil rate
- 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
- Download Appeal Forms under Customs Act, Central Excise Act, Finance Act (Service Tax) and under Customs Tariff Act 1975 (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
- Know MVAT Periodicity for FY 2011-2012
- 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
- 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
- TDS Rate Chart for F.Y. 2011-12, 2010-11, 2009-10
- 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
- Income Tax – 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- Financial Year 2010-11
- 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 and Shot 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
- Income Tax Calculator for Salaried Employee for FY 2011-12, 2010-11, 2009-10
- Automatic Due Date Reminder Calender for Financial Year 2010-11
- 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 Financial Year 2010-11 / Assessment year 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
- New Income tax Return ITR 3 and ITR 4 in Excel Format 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 the power of the high courts or the Supreme Court to decide disputes between the parties
- 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
- Service tax abatement on accommodation services provided by Hotel etc and to Restaurants having licence to serve alcoholic beverages
- 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
- Supreme court laying down the line of distinction between Stock transfer and Inter state sales for Central Sales Tax
- 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
- Withdrawal from Provident Fund Account before Completion of Five years may be taxable
- 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 SAHAJ, ITR 2, ITR 3, SUGAM (ITR-4S), ITR-4, ITR 5, ITR-6, ITR-7 in excel, word and Pdf Format for A.Y. 2011-12 / Financial Year 2010-11
- 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
- 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
- File Service Tax Return in time as Maximum Penalty increased 10 times to Rs. 20000
- 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
- Companies (Particulars of Employees) Amendment Rules, 2011 – Reporting Limit U/s. 217(2A) raised
- 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
- 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
- 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
- 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
- Due Date for Payment of March 2011 TDS and Due Date for Filing March Quarter TDS Statement
- 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
- 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
- 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
- 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
- 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
- Tax treatment of Capital gain on sale of Assets by Charitable Trust/NGO
- 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- Summary of Major Changes in MVAT, Stamp Duty and 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
- 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
- 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
- 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
- Income-Tax Deduction from Salaries during the Financial Year 2010-2011 under Section 192 of the Income-Tax Act, 1961
- 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
- ICWAI releases 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
- No Routine Income Tax Scrutiny of Senior Citizens and Small Tax payers Having Gross Income less then 10 Lakh
- Automation of non-MICR Clearing Houses – Implementation of a new Clearing Software – Express Cheque Clearing System
- 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 – Finance Bill-2011
- 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 they have been working for a considerable period of time
- How to 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
- Bank wise List of CA firms Empaneled/approved for allocation of Statutory Branch Audit for Financial Year 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
- 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
- IT Appeal Payment Challan, Separate TDS Challan for Separate sections and category of deductee, Correction in Tax/TDS Challan
- 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
- 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)
- 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
- 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 of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified National Committee constituted for Promotion of Social and Economic Welfare – Appointment of new Chairman and members of said Committee
- 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
- 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 Revision Test Papers (RTP) for May 2011 CA PCC, IPCC and 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
- 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 People’s Republic of China
- 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
- 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
- CA PCC and IPCC November 2010 Exam Toppers
- Shashi Kant Sharma takes over as Secretary, Department of Financial Services in The Ministry of Finance
- Income Tax Benefits Available Under Various Plans of Life Insurance Corporation
- 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
- Tax benefits for senior citizens
- 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
- Interest and Remuneration to Partners U/s. 40(b) of Income Tax Act 1961
- 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
- What to do if Employer refuses to issue TDS Certificate / Form 16
- 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