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Archive: 02 June 2010

Posts in 02 June 2010

Section 18A of the Central Sales Tax Act, 1956 – Appeals to highest appellate authority of state – Appointed day notified for purposes of section 18A(2)

June 2, 2010 1139 Views 0 comment Print

Notification No. G.S.R. 455(E), In exercise of the powers conferred by Explanation to sub-section (2) of Section 18A of the Central Sales Tax Act, 1956 (74 of 1956), the Central Government hereby appoints the 1st June, 2010 as the appointed day for the purposes of the said sub-section(2) of Section 18 of the said Act.

Ministry of Tourism Announces a Scheme of Interest Subsidy on Hotel Loans for Upgradation of Approved / Licensed Guest Houses in Delhi for Commonwealth Games, 2010

June 2, 2010 1198 Views 0 comment Print

In view of the forthcoming Commonwealth Games, Delhi – 2010, and in order to encourage growth of budget accommodation of the Approved / Licensed Guest Houses in the NCT of Delhi, the Ministry of Tourism has introduced a “Interest Subsidy Scheme for the Upgradation of Guest Houses” in the NCT of Delhi.

ICAI invites views/suggestions for simplification and rationalization of the provisions of the Chartered Accountants Regulations, 1988

June 2, 2010 810 Views 0 comment Print

As you are aware, the Institute of Chartered Accountants of India (ICAI) was established on 1st July, 1949 for regulating the profession of Chartered Accountants in India. The Chartered Accountants Act, 1949 provides for the framework/scheme of regulation of the profession. The manner (including the procedure) in which such a regulation should be operational had been dealt with in the Chartered Accountants Regulations framed under the said Act.

Change of Examination Centres for CPT June-2010 Exam

June 2, 2010 159 Views 0 comment Print

Due to paucity of accommodation in some Zones opted by the candidates in the cities of Cheenai, Indore, Kolkata, Mumbai and Thane some of the candidates have been allotted examination Centres in other Zones of the said cities where the accommodation is available. In view of this, it is not possible to accede to the requests of the candidates for transfer to an examination centre in a particular Zone of the City opted by them.

CAG will help CBI in 2G Spectrum case

June 2, 2010 252 Views 0 comment Print

The Central Bureau of Investigation (CBI), which hopes to complete the probe into the 2G Spectrum case within a year, has roped in the Comptroller and Auditor General (CAG) to help ascertain the alleged financial irregularities in distribution of new licenses and spectra in 2008 at prices fixed in 2001.

IPL team owners refused to divulge funding details to Income Tax department

June 2, 2010 618 Views 0 comment Print

The Income Tax (I-T) department, which is investigating the origin of funds invested in Indian Premier League (IPL) teams, has run into a road block as most of the team owners have refused to part with their funding details. The I-T department’s problems stem from the fact that most of the IPL team owners, though of Indian origin, are citizens of other countries.

IT department will issue demand notice to Vodafone, Vodafone says no tax is payable

June 2, 2010 534 Views 0 comment Print

In a setback to telecom service provider Vodafone, the Income Tax Department on Monday said it has the jurisdiction to tax the $11.1-billion Vodafone- Hutchison Essar deal of February 2007. “We have jurisdiction over taxing Vodafone. Jurisdiction order has been issued … We will send the tax demand to them within few days,” Central Board of Direct Taxes (CBDT) chairman S S N Moorthy told media.

Delhi HC asked telecom companies to submit their account books to CAG

June 2, 2010 589 Views 0 comment Print

The Delhi High Court on Tuesday asked telecom companies to submit their account books to the Comptroller and Auditor General of India (CAG). CAG had been asked by the Centre to check under-reporting of revenue for calculating the licence fee. A division bench comprising Justices Sanjay Kishan Kaul and Valmiki Mehta directed telcos to provide details of their revenue sharing to CAG.

21 Things a New Entrant of Legal Profession Should Know?

June 2, 2010 1623 Views 0 comment Print

We need so many reforms in legal education in India and also in the whole legal system. Our Prime Minister Dr.Manmohan Singh has given a great speech in the recent past telling the truth about legal education and also legal profession. The Bar Associations give so much importance to Senior and privileged advocates and these privileged legal practitioners and Senior Advocates should discharge their basic responsibility with the sole intention of guiding the young generation lawyers and towards bringing the needed reforms in the system.

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