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Archive: 10 September 2010

Posts in 10 September 2010

Postmortem of Union Budget 2024: A Comprehensive Webinar

July 16, 2024 3855 Views 3 comments Print

Join our webinar on July 24-25 for an in-depth analysis of Union Budget 2024. Learn about tax proposals, sector impacts, and investment insights. Register now!

Live Course on 360 degree Analysis of Input Tax Credit from a Litigation Perspective

July 14, 2024 3498 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!

India’s External Debt – A Status Report 2009-10

September 10, 2010 454 Views 0 comment Print

The Department of Economic Affairs, Ministry of Finance is coming out with the sixteenth edition of the annual publication titled ‘India’s External Debt: A Status Report 2009-10’ that analyses India’s latest external debt position (at end-March 2010) based on the data released at end-June 2010 by the Reserve Bank of India.

Utilization of ‘Investor Education and Protection Fund’ for providing Immediate relief to small Investors Suggested

September 10, 2010 496 Views 0 comment Print

Apart from a number of specific suggestions made by the Ministry of Corporate Affairs for strengthening Investor Protection, the Standing Committee of Parliament, which thoroughly examined The Companies Bill, 2009, has desired that the proposed Inves

Brack Obama Says no Tax break to companies outsourcing work to other countries, Kamal says outsourcing by US not a favou

September 10, 2010 261 Views 0 comment Print

Amid indications that outsourcing could become a hot issue in the November polls, President Barack Obama has made his stand on the issue clear, saying that tax breaks should go to companies that create jobs in the US and not overseas. Obama comments

DTC proposes to tax loan waiver

September 10, 2010 390 Views 0 comment Print

Corporates going in for debt restructuring may face rough weather on the income-tax front when the Direct Taxes Code (DTC) comes into play from April 1, 2012. This is because the DTC provides that loans waived by lenders will be treated as income in

Government plans to convert accounting standards body into an independent regulatory entity

September 10, 2010 324 Views 0 comment Print

The government plans to redefine the functions of the National Advisory Committee on Accounting Standards (Nacas) to convert it into an independent regulatory entity to monitor the quality of audit undertaken across the corporate sector in the countr

ICAI changes examination timing of Examination to be held in November 2010

September 10, 2010 366 Views 0 comment Print

Change of Examination Timings for November-2010 Examinations Students appearing in the next Professional Competence Examination (PCE), Integrated Professional Competence Examination (IPCE) and Final Examinations of the Institute to be held from 8th November-2010 to 22nd November-2010 may kindly note that the Examination Timings are from 02.00 PM to 05.00 PM (IST) Similarly, Examination timings at […]

Mumbai High Court dismisses Vodafone plea against Income tax Department on Hutch deal

September 10, 2010 228 Views 0 comment Print

The Bombay High Court on Wednesday dismissed Vodafone International’s plea challenging the I-T Department Rs. 12,000 crore demand in tax and penalty on USD 11 billion takeover of Hutchison Telecom. This judgement could impact foreign companies buying

Service Tax on Software – Tax on goods versus tax on service – constitutional validity – legislative competence of the central government

September 10, 2010 264 Views 0 comment Print

In a recent decision, Honourable Madras High Court has upheld the legislative competence of levy of service tax on software services by the central government

Cross Boarder transactions are subject to tax in India – HC in Vodafone

September 10, 2010 423 Views 0 comment Print

The Bombay High Court has dismissed a petition filed by Vodafone International Holdings against the tax department, saying the transaction is chargeable to income tax and the department has the jurisdiction over cross-border mergers since the assets lies in India.

Draft Scheme of "On Site Audit”- In the Context Of Post Clearance Audit (PCA) For Imports

September 10, 2010 460 Views 0 comment Print

CBEC solicits views, comments and suggestions on the draft Scheme of ‘On Site Post Clearance Audit (PCA)’ in Customs from the trade and industry associations, departmental officers and others. The views, comments and suggestions to the draft Scheme

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