"October, 2010" Archive - Page 32

Filing of Revised Return for the month of August, 2010

VAT: CIRCULAR NO. 12 OF 2010-11 28/09/2010

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...

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

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 ...

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Import policy of fish body oil

Notification No. 08(RE-2010)/2009-2014 08/10/2010

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

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Calcutta High Court still under Queen of England

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...

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

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....

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

Policy Circular No. 02/2009-2014 (RE 2010 08/10/2010

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 ...

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

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...

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IT department conducts search at the offices of Nagarjuna Construction

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...

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

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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Confession made during survey is not conclusive and can be retracted- Delhi high Court

Commissioner of Income Tax Vs. Dhingra Metal Works (Delhi High Court)

Briefly stated the relevant facts of the present case are that on 14th September, 2004, a survey under Section 133A of the Act was conducted out on the respondent-assessee?s business premises. During the course of survey, the tax officials noticed some discrepancies in stock and cash in hand. During the said survey, respondent-assessee su...

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