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Archive: 13 December 2012

Posts in 13 December 2012

‘Zarda Yukta Pan Masala’ is a tobacco preparation not eligible for deduction u/s. 80I

December 13, 2012 3532 Views 0 comment Print

In Item No. 1 of the list of articles or thing in Schedule XI, the items include beer, wine and other alcoholic spirits. The percentage of alcohol in the spirits is not given. With the same object the percentage of tobacco is also not given in ‘tobacco preparation’.

SEBI’s instructions for effective implementation of Stock Exchanges and Clearing Corporations Regulations

December 13, 2012 1395 Views 0 comment Print

Top Stories Case Laws Statutes Analysis of Latest News All CL : Chairman of CLB can now transfer any matter pending before a Regional Bench to any other Regional BenchORDER [FILE NO. 10/36/2001-CLB], DATED 07-12-2012 SEBI : Stock Exchanges to implement measures to prevent aberrant orders or uncontrolled tradesCIRCULAR NO. MRD/DP/34/2012, DATED 13-12-2012 SEBI :

Stock Exchanges to implement measures to prevent aberrant orders or uncontrolled trades

December 13, 2012 1507 Views 0 comment Print

It has been decided to prescribe a framework of dynamic trade based price checks to prevent aberrant orders or uncontrolled trades. These measures would be implemented in phases in order to ensure the Indian stock exchanges deploy latest technology while maintaining adequate controls. As an initial measure, it has been decided that stock exchanges shall implement the measures as given below.

Seismic services taxable under specific s. 44BB not under general s. 44DA

December 13, 2012 1708 Views 0 comment Print

Section 44BB is a special provision for computing the profits and gains of a non-resident in connection with the business of providing services or facilities in connection with, or supplying plant and machinery on hire, used or to be used, in the prospecting for, or extraction or production of mineral oils including petroleum and natural gas. Section 44DA is also a provision which applies to non-residents only.

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