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MVAT E-Filing of Returns Made Applicable to All Dealers

December 21, 2008 705 Views 0 comment Print

Mandatory E-filing of Returns is applicable for Registered Dealers to whom the Explanation to clause (8) of Section 2 applies and whose tax liability during the previous year was rupees one crore or less, in respect of the period starting on or after 1st April, 2008.

Satyam's Buyback Plan is a Ploy to Take Away Funds

December 21, 2008 558 Views 0 comment Print

Ramalinga Raju’s problems just don’t seem to end. After the unprecedented furore over Satyam Computers’ aborted plan to buy into Maytas Infrastructure and Maytas Properties — controlled by the Raju family — for a whopping $1.6 billion, the UK-based Upaid Systems has alleged that Satyam’s buyback proposal is yet another ploy to divert resources out of the company.

Tax Sword Looms Large On Cross-Border Acquisitions

December 21, 2008 556 Views 0 comment Print

Since August last year, the world has been watching. It all began with a show cause notice issued to Vodafone BV (based in the Netherlands), holding it to be an “assessee in default” for not withholding tax at source when it made payments to a Hutchison Group company (based in Cayman Islands) for acquiring shares of another Cayman Island company.

Lending Rate to Be In Single Digit in a Year

December 21, 2008 435 Views 0 comment Print

With inflation declining for the sixth week in a row, ICICI Bank chief K V Kamath on Friday said lending rate will come down to single digit in a year and predicted attractive opportunities in treasury operations in the soft interest rate regime.

know-how fee related to grant of technical assistance and continuous know-how, including training of personnel,is revenue in nature

December 20, 2008 849 Views 0 comment Print

The third installment of know-how fee which related to grant of technical assistance and continuous know-how, in Italy, including training of personnel, in Italy is revenue in nature, any interest paid in relation to delayed payments will also, have to be treated, as one, which is, on revenue account.

FAQ On Data Migration in Tally

December 20, 2008 9551 Views 0 comment Print

The Tally Data Migration Tool is an efficient migration tool that primarily helps you to migrate and restore your company data from Tally 7.2 to Tally 9. It works with the Tally 9.exe file. The Data Migration Tool also allows the migration of TCP (Tally Compliant Product) files.

How to Activate Payroll in Tally

December 20, 2008 1479 Views 0 comment Print

For users of Tally 9 who want to use tally payroll I am providing small slide show to give a brief idea on how to work on payroll. The slide show is prepared by using ZOHO show which is an online tool like power point presentation.

Public Notice No. 118 (RE-2008)/2004-2009, Dated: 19.12.2008

December 19, 2008 337 Views 0 comment Print

In the statement of Standard Input Output Norms (SION) as contained in the Handbook of Procedures (Vol.2), 2004-2009, as amended from time to time, amendments/corrections at appropriate place as mentioned inANNEXURE “A” to this Public Notice are made.

Import of Trucks/Tippers/Dumpers etc. under EPCG Scheme

December 19, 2008 1870 Views 0 comment Print

The matter was discussed in the Port Officers meeting held on 25th November 2008. It is hereby clarified that import of Tippers/Dumpers and spares thereof including tyres are allowed to be imported as mining equipment under EPCG Scheme by mining establishments subject to the following conditions.

Procedure relating to sanction and pre-audit of refund claims-regarding

December 19, 2008 7930 Views 0 comment Print

A suitable Public Notice and Standing Order may be issued for the guidance of the trade and staff. Difficulties faced, if any, in implementation of the Circular may be brought to the notice of the Board at an early date.

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