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Archive: 13 August 2010

Posts in 13 August 2010

Join 10 days Online GST Certificate Course (Litigation Series) from Aug 6th, 2024

July 29, 2024 19380 Views 0 comment Print

ACAE in association with IDTPF, STAR and TAXGURU announces its most awaited GST CERTIFICATE COURSE. This year’s course is on litigation and is titled LITIGATION SERIES. The Course will be held online on ZOOM from Aug 6th, 2024 to Aug 17th, 2024 (except 11th Aug and 15th Aug) from 5 PM to 7 PM. The […]

Live Course: Analysis of Input Tax Credit from a Litigation Perspective

July 18, 2024 6981 Views 0 comment Print

Join CA Sachin Jain for a live course on Input Tax Credit from a litigation perspective. Gain practical insights and master ITC complexities. Register now!

RBI proposes foreign investment in private banks below 50%

August 13, 2010 753 Views 0 comment Print

The Reserve Bank on Wednesday suggested lowering the foreign investment limit in new private sector banks to below 50 per cent from 74 per cent currently, in order to strengthen the local banks.

Regarding Shortage of Physical Application Forms for Chartered Accountants November-2010 Examinations

August 13, 2010 411 Views 0 comment Print

Availability of Physical Application Forms for Chartered Accountants November-2010 Examinations Due to unavoidable difficulties in dispatching, there have been instances of shortage at certain decentralized offices and / or branches of ICAI in the availability of the physical application forms for the Chartered Accountants November-2010 Examinations.

Circular No. 27/2010-Customs, Dated:-13th August, 2010

August 13, 2010 1188 Views 0 comment Print

DGFT have subsequently issued a Public Notice No.38/2009-2014 dated 3.2.2010 and also a Policy Circular No.22/2009-14 dated 3.2.2010 for extending the validity of Duty Credit Scrips. Accordingly, concerned Commissionerates of Customs are required to issue a consolidated certificate indicating total amount sanctioned as refund (4% CVD). As per Public Notice,

Finance Minister to Review the Performance of all Public Sector Banks (PSBs) and Financial Institutions (FIs) Tomorrow

August 13, 2010 420 Views 0 comment Print

Union Finance Minister, Shri Pranab Mukherjee will review the performance of all Public Sector Banks (PSBs) and Financial Institutions (FIs) in a meeting to be held here tomorrow. This will include annual review of banks performance in the field of agriculture credit, micro, small and medium enterprise credit, housing loan, education loan, deposits, credit deposit ratio, gross and net non-performing assets (NPAs) and return on assets among others.

Customs Notification No 76/2010 (NT) Amends Notification No. 36/2001-Cus (N. T.), dated, the 3rd August 2001

August 13, 2010 562 Views 0 comment Print

Notification No. 76/2010-CUSTOMS (N. T.), New Delhi, 13th August, 2010 – In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Board, being satisfied that it is necessary and expedient so to do, hereby makes the following further 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 circular on Transition from referral arrangement to Corporate Agency

August 13, 2010 1032 Views 0 comment Print

In order to facilitate smooth transition of eligible entities from existing referral arrangements to Corporate Agency system for complying with the IRDA (Sharing of data base for distribution of insurance product) Regulations, 2010, it has been decided by the Authority to waive CIE qualification requirement for a period of two months effective from 12.08.2010 to 11.10.2010.

Import of goods under Notification No.13/2010-Customs dated 19.2.2010 for Commonwealth Games, 2010-Circular No.:28 / 2010-Customs

August 13, 2010 379 Views 0 comment Print

OC CWG or Prasar Bharti, as the case may be, will apply to Customs for NOC/Permission to amend the import documents viz. IGM and Bill of Lading/Airway Bill to include itself as the importer in place of the contractors/vendors/sub-vendors. This application will be accompanied by a NOC from the importer on record i.e. contractors/vendors/sub-vendors of OC CWG/ PrasarBharti as the case may be.

Section 54 Exemption on multiple sales & purchases of residential houses

August 13, 2010 9811 Views 0 comment Print

In case of multiple sale and purchase of residential houses, the exemption cannot be calculated considering the aggregate of capital gain and aggregate of investment in the residential houses. The exemption will be available in relation to each set of sale and corresponding investment in the residential house and the combination which is beneficial to the assessee has to be allowed.

Service tax on Air Travel, Rate and Services at airports free from service tax

August 13, 2010 1857 Views 0 comment Print

Service tax on air travel has been imposed on international air travel for a passenger embarking in India and travelling in higher (other than economy) classes with effect from 01.05.2006. Vide the Finance Act,2010, Service tax on air travel was expanded to cover international travel (economy class) and domestic travel.

Cashless medical facility likely to resume in a week

August 13, 2010 538 Views 0 comment Print

“I am hopeful that cashless mediclaim treatment would be fully restored in 7 days. Going forward we will see the component of co-pay gaining more importance. There would be different premiums for different hospitals,” Max Healthcare Institute MD Pervez Ahmed said after a CII initiated meeting of hospitals and the Third Party Administrators (TPAs).

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