"22 April 2011" Archive

Summary of all the Recent Amednments to TDS Provisions

We have presented below the summary of all the notification. Instruction, circulars, budget amendments etc issued by government which have an effect on tds Provisions for the financial year 2010-11 and as well as on financial year 2011-12. ...

Read More
Posted Under: Income Tax | ,

Clarification regarding Liability of Service Tax under the category Construction of Complex Services

TRADE NOTICE NO. 1/2011 15/02/2011

For services rendered after 1-7-2010 for which payment has been or is made after 1-7-2010, service tax is leviable and builder is liable to deposit the service tax to the service tax department. The only exception to this is provided within the parenthesis ( ) in the Explanation in para 3.For services rendered after 1-7-2010 for which pa...

Read More

Registration of TAN made more user friendly. Consolidated TDS/TCS file requested online is also available for download

The deductors/collectors can register their TANs online. Authenticated access (through user ID and password) is provided to registered deductors/collectors. On login, the following feature are made available to the deductors/ collectors...

Read More
Posted Under: Income Tax |

Buyer's credit – The Cheaper source of finance for importers

Buyer's credit is the credit availed by an Importer (Buyer) from overseas Lenders i.e. Banks and Financial Institutions for payment of his Imports on due date. The overseas Banks usually lend the Importer (Buyer) based on the Letter of credit (a Bank Guarantee) issued by the Importers (Buyer's) Bank. In fact the Importers Bank brokers bet...

Read More
Posted Under: Income Tax |

ICWAI sign MOU with C&K Management Ltd. For Certificate course on IFRS through e-learning modules for members, students and others

ICWAI has been actively engaged in the professional development of its Members through various initiatives. The latest is ICWAI and M/s C&K Management Ltd. signing an MOU on 17th March 2011. Under the agreement, Members and students of the Institute as well as other financial and accounting professionals will be equipped with the essentia...

Read More
Posted Under: Income Tax |

Provision of 15-minutes reading and planning time allowance to the candidates of Chartered Accountants Examinations (Effective from May-2011 CA Examinations)

The Council of the Institute, based on the recommendation of the Examination Committee has decided to allow 15-minute reading and planning time allowance to the candidates in the Chartered Accountants Examinations before the scheduled commencement of the examinations i.e, if the examination commences from 2.00 PM, then the candidates will...

Read More
Posted Under: Income Tax |

Merger and Acquisition rules to be notified in the first week of May

The Competition Commission will finalise rules for corporate merger and acquisitions by the first week of May, following which it will be mandatory for companies to seek the Commission's approval for such deals. The notification will be finalised in the first week of May and would be implemented from June 1, 2011, Secretary in the Ministr...

Read More
Posted Under: Income Tax |

Govt to reconstruct 44000 missing trademark files

The government today said it will issue a public notice by next week to reconstruct 44,000 missing files from the trademarks office. The files will be reconstructed as per an undertaking given by the Controller General of Patents, Designs and Trademarks to the Delhi High Court which had issued directives in this regard....

Read More
Posted Under: Income Tax |

Madras HC rejects Vodafone plea against Essar Tele, India Securities merger

In a set back to British telecom giant Vodafone, the Madras High Court today said that the foreign firm has no locus standi to oppose the amalgamation of Essar Telecommunications Holding with India Securities. The Court had earlier reserved its order on whether UK-based telecom firm Vodafone has locus standi to oppose the merger of two su...

Read More
Posted Under: Income Tax |

Indian banker convicted in US on charges of extortion and threatening

Boston - An Indian investment banker has been convicted by a US federal jury on charges of extortion and threatening a New York state comptroller official to reveal an extramarital affair if a multi-million dollar pension contract was not awarded in his favour - in short, blackmail. ...

Read More
Posted Under: Income Tax |

Search Posts by Date

September 2021
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
27282930