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Archive: 08 October 2010

Posts in 08 October 2010

RBI forms group to review operation of monetary policy

October 8, 2010 447 Views 0 comment Print

The Reserve Bank has constituted a working group to review the current operating procedure of monetary policy, as transmission of the policy to the rest of the system remains imperfect. The group, to be headed by RBI executive director Deepak Mohanty

Filing of Revised Return for the month of August, 2010

October 8, 2010 387 Views 0 comment Print

GOVERNMENT OF NCT OF DELHI DEPARTMENT OF TRADE & TAXES VYAPAR BHAWAN, I.P. ESTATE, NEW DELHI-110 002 No. F.6(70)/P-I/VAT/2010/ 1747-56 Dated: 28-9-2010 CIRCULAR NO. 12 OF 2010-11 Subject : Filing of Revised Return for the month of August, 2010 1. This is in continuation of Circular No.05 of 2010-11 and with reference to the amendments […]

Indian Holding Green Card in US facing threat of being taxed in the US for income generated in India

October 8, 2010 631 Views 0 comment Print

Tax laws in the US empower the Internal Revenue Service, the apex body for US tax administration, to tax global incomes of those holding US citizenships or the green card. As a result, Indians who hold a US citizenship or green card, face the threat

Import policy of fish body oil

October 8, 2010 630 Views 0 comment Print

Existing policy (prior to this amendment) as available at page 79 of ITC(HS) Classifications of Export and Import Items is extracted below

Calcutta High Court still under Queen of England

October 8, 2010 1135 Views 0 comment Print

Sixty-three years after Independence, Calcutta High Court, or at least its Public Information Officer (PIO), apparently feels that it is not under the control of the President of India or the government of India, since it has been set up under Letter

ICAI Plans to introduce unique code numbers (UCD) to check the increasing forged attestations

October 8, 2010 462 Views 0 comment Print

Copies of the balance sheet, tax audit reports and similar documents attested by chartered accountants as part of several million mandatory filings done by companies across the country each year may soon have a unique code number as authentication.

Clarification on the procedure to re-credit 4 percent Special Additional Duty (SAD) of Customs in DEPB, VKGUY, FPS FMS,MLFPS scrips

October 8, 2010 580 Views 0 comment Print

Intention of the aforesaid provision for revalidation is to allow the utilization of the re-credited amount. Hence, it is clarified that the validity of the re-credited scrips shall be six months from the date of endorsement by Regional Authorities or the original validity of the duty credit scrip, whichever is later. This revalidation shall be irrespective of the fact as to whether the scrip has expired on or before the date of submission of the scrip to the Regional Authority.

ICAI ties up with United Stock Exchange (USE to impart knowledge on currency derivatives

October 8, 2010 204 Views 0 comment Print

IN a move to impart comprehensive knowledge of financial markets to its members, The Institute of Chartered Accountants of India ( ICAI ) recently signed an MOU with United Stock Exchange (USE). As part of this MOU, members of ICAI will be educated b

IT department conducts search at the offices of Nagarjuna Construction

October 8, 2010 327 Views 0 comment Print

Sleuths of Income Tax Department have initiated search operations across several offices of the Hyderabad-based Nagarjuna Construction Company Ltd. The search process was initiated in the early hours of Wednesday starting from its corporate office in

CII opposed new Companies Bill proposal to make maintenance of cost records mandatory

October 8, 2010 255 Views 0 comment Print

Taking up cudgels on behalf of corporate India, the Confederation of Indian Industry (CII) has expressed itself against making maintenance of cost records mandatory as suggested by the parliamentary standing committee that has studied the Companies B

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