Sponsored
    Follow Us:

Archive: 29 April 2010

Posts in 29 April 2010

Amends notification No. 103/2008-Cus (NT) dated 29.08.2008 (Drawback Schedule notification) so as to make All Industry Rate of duty drawback on cotton yarn as nil

April 29, 2010 597 Views 0 comment Print

(a) in Chapter 52, – (i) for tariff items 520501 and 520502 and the entries relating thereto, the following tariff items and the entries shall be substituted

Customs Notification No 33/2010 (NT) amending the Customs, Central Excise duties and Service Tax Drawback Rules, 1995 so as to disallow drawback on cotton yarn

April 29, 2010 412 Views 0 comment Print

In exercise of the powers conferred by section 75 of the Customs Act, 1962 (52 of 1962), section 37 of the Central Excise Act, 1944 (1 of 1944) and section 93A read with section 94 of the Finance Act, 1994 (32 of 1994), the Central Government hereby makes the following rules further to amend the Customs, Central Excise Duties and Service Tax Drawback Rules, 1995, namely:-

Proposed Regulatory Framework for Core Investment Companies (CICs) – Draft guidelines

April 29, 2010 696 Views 0 comment Print

The Reserve Bank of India Act, 1934 (RBI Act) requires a Non-banking Financial Company (NBFC) undertaking inter-alia, the business of acquisition of shares, stock, bonds, debentures or other marketable securities to obtain a Certificate of Registration as a NBFC. Such entities are regarded as Investment Companies by the Reserve Bank of India (RBI) and regulated as such.

CBDT Clarification on Interception of Telephonic Conversations

April 29, 2010 789 Views 0 comment Print

A section of the media has reported communication between the Income Tax department and the Central Bureau of Investigation regarding records of telephonic conversations between a person by the name of Nira Radia and others. It is also reported, citing sources in the CBI, that in addition to Radia, telephone lines of several other influential business-men, politicians and advertising professionals were tapped.

Finance Act, 1994 need to be amended to clear the doubts about allowability of Input Tax credit to Software and BPO Companies

April 29, 2010 513 Views 0 comment Print

The Custom Excise & Service Tax Appellate Tribunal said in a recent ruling that the wording of the Act is such that exporters of services such as software and business process outsourcing companies cannot claim credit for taxes paid on inputs used by them.

No proposal with Government of India for e-registration of FIRs through Public Kiosks

April 29, 2010 597 Views 0 comment Print

A review Committee on Police Reforms, constituted by the Ministry of Home Affairs, made a recommendation for ‘Free Registration of Crime’. The Recommendation was sent to all States/UTs for implementation as ‘Police’ is a State subject. There is no proposal with Government of India for e-registration of FIRs through Public Kiosks.

IRDA asked insurance companies to disclose commission on ULIPs

April 29, 2010 297 Views 0 comment Print

Insurance regulator IRDA has asked life insurers to disclose the commission paid to agents for unit-linked products amid a debate over huge pay-outs given to them vis-a-vis mutual funds.

Shri Salman Khurshid Asks His Ministry’s Field Officers to Reach Out to the Corporates and Help Them Make Their Compliances upto-Date

April 29, 2010 330 Views 0 comment Print

All India Conference of Regional Directors of Ministry of Corporate Affairs, Registrars of Companies and Official Liquidators Begin. Shri Salman Khurshid, Minister for Corporate Affairs, has said that the focus of his Ministry as well as the field offices should be on enlightened regulation and the field officers assume the responsibility of a dual role of being a regulator as well as an educator. Addressing the two-day All India Conference of Regional Directors,

Section 80HHC – Whether independent incomes are liable to be reduced to the extent of 90% in the computation of business profits

April 29, 2010 618 Views 0 comment Print

Whether on the facts and in the circumstances of the case, the Tribunal was justified in law in holding that 90% of recovery of freight, insurance and packing receipts amounting to Rs.49,14,076/, sales tax set off/refund amounting to Rs.38,33,148/and service income of Rs. 2,89,17,545/are not to be excluded from profits of business

Finance Bill, 2010 – Notice of Amendments – Bill passed by Lok Sabha on 29-4-2010

April 29, 2010 510 Views 0 comment Print

on or after the 1st day of April, 2010, where the specified business is in the nature of developing and building a housing project under a scheme for slum redevelopment or rehabilitation framed by the Central Government or a State Government, as the case may be, and which is notified by the Board in this behalf in accordance with guidelines as may be prescribed; and”;’

Sponsored
Sponsored
Search Post by Date
November 2024
M T W T F S S
 123
45678910
11121314151617
18192021222324
252627282930