"05 August 2010" Archive

Notification No. 68/2010-Income Tax Dated 5/8/2010

Notification No. 68/2010-Income Tax 05/08/2010

Notification No. 68 /2010-Income Tax In exercise of the powers conferred by clause (c) of sub-section (2) of section 80G of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies “Archery Association of India”, New Delhi, as the association, for the purposes of said clause for the assessment years 2010-11 to 20...

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SEBI press release on Proposed amendment in Shareholding pattern of listed entities

PR No. 184/2010 05/08/2010

Currently, the shareholding pattern of companies is contained in initial public offer document and upon listing, companies file shareholding pattern with stock exchanges every quarter. The Board decided to mandate that the companies shall file shareholding pattern as per Clause 35 one day prior to the date of listing, which shall be uploa...

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SEBI shifts 7 scripts from Trade for Trade Settlement (TFTS) to normal Rolling Settlement

Circular No. MRD/DP/23/2010 05/08/2010

Circular No. MRD/DP/23/2010, dated 5-8-2010- At least 50% of other than promoter holdings as per clause 35 of Listing Agreement are in dematerialized mode before shifting the trading in the securities of the company from TFTS to normal Rolling Settlement. For this purpose, the listed companies shall obtain a certificate from its Registrar...

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Highlights Of Hon’ble Finance Minister’s Speech During Debate On Prices In Lok Sabha

I am grateful to the Leader of Opposition for raising the issue of high taxation of petroleum products. She is correct if taxes go down, the commodities will become cheaper and it will provide a great relief to the consumer. It is precisely for this reason that my Government has undertaken the single biggest reform in taxation in the fo...

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Posted Under: Income Tax |

States reject Constitutional amendment bill on GST

New Delhi, Aug 4 (PTI) States today opposed a draft bill to amend the Constitution, a measure proposed by the Centre for rolling out GST, in its present form as it provides veto power to the Union Finance Minister in matters relating to state subjects....

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Posted Under: Income Tax |


On GST, stated position:-After careful consideration of the issues raised by the Empowered Committee of State Finance Ministers, we have revised our position to accommodate the concerns of the State Governments. The Central Government is willing to consider a phased approach for the introduction of GST. In a departure from its earlier sta...

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Posted Under: Income Tax |

Notification No. 69/2010 – Customs (N. T.)- Amends Notification No. 62/1994-Customs (N. T.) dated the 21st November, 1994

Notification No. 69/2010-Customs (N.T.) 05/08/2010

In exercise of the powers conferred by clause (a) of sub-section (1) of section 7 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 62/1994-Customs (N. T.) dated t...

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Vodafone case hearing starts in HC

Bombay High Court on Wednesday began hearing on Vodafone’s plea challenging income-tax department’s tax claim of $2 billion on the telecos’ buyout of Hutchison’s stake in Hutchison-Essar in 2007 for $11 billion. ...

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Posted Under: Income Tax |

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