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Archive: September, 2010

Posts in September, 2010

Setting up of Section 25 Company for XBRL India

September 7, 2010 820 Views 0 comment Print

As you may be aware that the ICAI has taken a lead role in the development and promotion of XBRL in India and has accordingly set up a provisional jurisdiction of XBRL in India.

Policy Circular No: 1(RE-2010)/2009-14, Dated: 07.09.2010

September 7, 2010 457 Views 0 comment Print

It is directed that all the field formations take necessary action for compliance of the decision of the Government as communicated vide the Policy circular referred above and not to allow export of sugar on “ton-to-ton” basis without release order from Directorate of Sugar against advance authorization.

Notification No. 71/2010-Income Tax Dated 7/9/2010

September 7, 2010 556 Views 0 comment Print

Notification No. 71/2010-Income Tax It is hereby notified for general information that the organization Auroville Foundation, Auroville, Tamil Nadu has been approved by the Central Government for the purpose of clause (iii) of sub-section (1) of section 35 of the Income-tax Act, 1961(said Act), read with Rules 5C and 5F of the Income-tax Rules, 1962 (said Rules), from Assessment year 2009-2010 onwards in the category of ‘Other Institution’, partly engaged in research activities subject to the following conditions, namely:-

Taxability of Catering Contracts under the Haryana General Sales Tax Act, 1973

September 7, 2010 2733 Views 0 comment Print

Under section 2(1)(v) of the Haryana General Sales Tax Act, 1973 (‘HGST Act’), ‘sale’ included supply, by way of or as part of any service or in any other manner whatsoever of goods, being food or any other article for human consumption or any drink (whether or not intoxicating), where such supply or service, is for cash, deferred payment or other valuable consideration.

Courier Regulations for the manual and the electronic mode

September 7, 2010 1423 Views 0 comment Print

I am directed to invite your attention to Notification No.36/2010-Cus (NT) dated 5th May, 2010 vide which the Board has notified Courier Imports and Exports (Electronic Declaration and Processing) Regulations, 2010. These Regulations have been framed to

Notification No. [SO 732(E) (File No. C.4/1/2010-SEZ)]-Income Tax Dated 7-9-2010

September 7, 2010 640 Views 0 comment Print

Notification No. [SO 732(E) (File No. C.4/1/2010-SEZ)]-Income Tax In exercise of the powers conferred by section 55 of the Special Economic Zones Act, 2005 (28 of 2005), the Central Government hereby makes the following rules further to amend the Special Economic Zones Rules, 2006, namely :— 1.(1) These rules may be called the Special Economic Zones (Third Amendment) Rules, 2010.

GDP growth estimates to be revised if inaccuracies found- FM

September 7, 2010 354 Views 0 comment Print

Union Finance Minister Pranab Mukherjee on Wednesday said the estimates of 8.8 per cent GDP growth released on Tuesday could be revised if inaccuracies are found in computation.

The Personal Laws (Amendment) Act 2010

September 7, 2010 6681 Views 0 comment Print

The President has assented to the Personal Laws (Amendment) Act, 2010 on 31st August, 2010 and it is published in the Gazette of India as Act 30 of 2010 on 1st September, 2010. The Act has amended the Guardians and Wards Act, 1890 and the Hindu Adopt

ICWAI President's Message – September 2010

September 7, 2010 549 Views 0 comment Print

My Greetings to all fellow Indians on the 64th Independence Day. I had the privilege of hoisting the National Flag at the ICWAI, H.Q, Kolkata in the presence of Council Members and officials of Kolkata Office. I am also happy to note that similar cel

Service Tax Planning – Limits of Management Consultancy Services – II

September 7, 2010 636 Views 0 comment Print

That the First Party has appointed the Second Party to manage, sale and supervise preparation of items in accordance with the policies of Second Party through their agents, supervisors, employees and representatives.

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