Food served in hotel rooms from their air conditioned restaurants with liquor licences will not attract service tax, the revenue department today said. When the food is served in the room, service tax cannot be charged under the restaurant service as the service is not provided in the premises of the air-conditioned restaurant with a licence to serve liquor, a Central Board of Excise and Customs (CBEC) circular said.
The Department of Information Technology, Ministry of Communications & IT has clarified the position in this regard that these Rules do not provide free access to sensitive personal information. The nature and applicability of these Rules have been clearly specified. The Intent of Rules is to protect sensitive personal information and does not give any undue powers to Government agencies for free access of sensitive personal information. Wide public consultations were held before finalizing the Rules and the Rules have been duly endorsed by the Industry Association.
e-TDS/TCS RPU (version 2.4) for statements from FY 2005-06 onwards- A. Procedure for preparation of return , Deductors’ Manual for quarterly returns, Dos and Don’ts for Deductors/Collectors, B. Forms, Form 24Q, Form 26Q, Form 27Q, Form 27EQ, Form 27A
XBRL reporting by 15th of July – MCA website is likely to have options for XBRL reporting by 15th of July. Specific notification will be made to enable stakeholders for early filing.
A Half-Day multi Stakeholder consultation is being organized by the Indian Institute of Corporate Affairs (IICA) and Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH (GIZ)under a bilateral cooperation, the IICA-GIZ CSR Initiative,Global Reporting Initiative (GRI) Focal Point India and The Institute of Company Secretaries of India (ICSI) on May 10, 2011 at Bengal Club, Kolkata to discuss the Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business (NVGs) & Global Reporting Initiative (GRI) Sustainability Reporting Guidelines.
The 27th Annual Conference of Chief Commissioners and Directors General of Income Tax is scheduled for 241h & 25th May, 2011 at New Delhi. It gives me great pleasure to extend a cordial Invitation to attend the Conference. You will be received by the Reception Team at the Airport Reception Counter. The Conference would be held at the Vigyan Bhavan, Maulana Azad Road, New Delhi, The Agenda for the Conferirce shall be sent in due course. Arrangements for the stay of outstation CCsIT/DGsIT have been made in The Ashok Hotel at the tariff of Rs, 5,500/- per day.
A new online tracking system will allow websites to pinpoint your location to within a few hundred metres, without your permission. Internet sites will be able to work out where users are within an average of 690 metres, using information about their internet connection. At the moment they can only track users’ locations to within a radius of about 200 km, but the new technique will narrow this down to as little as 100 metres, the Daily Mail reports.
The Cabinet is likely to approve a proposal to allow foreign direct investment (FDI) in Limited Liability Partnership firms tomorrow. The proposal to allow FDI in LLPs in on the agenda of the Cabinet. It is likely to be approved,” a source said. Giving go ahead to FDI in LLPs would enable them to choose among domestic and foreign investors and make these more competitive. This move will also encourage more partnership firms to convert into LLPs.
Heavy Industries and Public Enterprises Minister Praful Patel today said his ministry has asked the Finance Ministry to give two years’ time to the auto industry to comply with the new import duty norms for completely knocked down units . We have sent a formal request to the Ministry of Finance with the request from SIAM. The industry is asking sometime to set up facilities to have more indigenisation, Patel told reporters here.
The country’s oldest stock exchange, the BSE, is looking to revive its wholesale debt trading platform with the waiver of annual charges and lower net worth requirements for those willing to trade on the bourse. The exchange has decided to waive off the annual subscription fee of Rs 25,000 for its wholesale debt market (WDM) trading members, the BSE said in a circular.
