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Archive: 11 November 2010

Posts in 11 November 2010

Companies Bill misses deadline, will be tabled next session

November 11, 2010 330 Views 0 comment Print

The government today said that it would not be able to table the new Companies Bill that was expected to be enacted by the end of this year, in the Parliament’s winter session. Failing to meet the earlier deadline of tabling the Companies Bill 2009 i

CBEC issues show-cause notices to Citibank and Kingfisher Airlines on service tax payments

November 11, 2010 303 Views 0 comment Print

The Central Board of Excise and Customs (CBEC) has issued show-cause notices to Citibank NA and Kingfisher Airlines Ltd for not paying service tax related to their sponsorship of the Indian Premier League (IPL), according to two officials familiar wi

Supreme Court asks finance ministry and CBDT to amend transfer pricing law

November 11, 2010 555 Views 0 comment Print

Supreme Court has asked the finance ministry and Central Board of Direct Taxes (CBDT), the apex body in charge of administering India’s taxation system, to amend transfer pricing, or TP, laws if it wishes to bring domestic transactions under their ambit.

Government plans to keep watch on end use of foreign investment inflow

November 11, 2010 355 Views 0 comment Print

The government plans to keep a tight vigil on foreign investment inflows by making it mandatory for companies bringing in foreign equity to periodically disclose the end-use of such funds. The Economic Intelligence Council (EIC), led by finance minis

Guidelines for filling Form 15CA Online

November 11, 2010 7764 Views 0 comment Print

Permanent Account Number (PAN) and Tax Deduction and collection Account Number (TAN) allotted by the Income Tax Department should be mentioned. TAN is mandatory in cases where-

Details of changes in new Maharashtra VAT audit report format Version 1.2.1

November 11, 2010 2199 Views 0 comment Print

Details of changes in VAT audit report format Version 1.2.1 1. Part 1- 2(B)(b) Schedule and annexure as applicable to be ticked, compare to be score out which were not applicable. A welcomed change, in earlier report no one was took effort to

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