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Notifications/Circulars

Notification No. 100/2010-Customs (N.T.) dated 15.12.2010

December 15, 2010 556 Views 0 comment Print

S. O… (E) – In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Board, being satisfied that it is necessary and expedient so to do, hereby makes the following further amendment in the notification of the Government of India in

Allocation of 8,200 MTs of Raw Sugar to USA under tariff rate quota for the year 2010-11 through M/s. Indian Sugar Exim Corporation Ltd, New Delhi

December 15, 2010 481 Views 0 comment Print

In exercise of the powers conferred under Paragraphs 2.1, 2.4 and 2.29 of the Foreign Trade Policy, 2009-14, the Director General of Foreign Trade hereby allocates a total quantity of 8,200 MTs of Raw Sugar, H.S. Code No. 1701 00 00 { in the Schedule 2 of ITC(HS) Classification of Export & Import Items}(at 98 degree Pol) out of non-levy(free sale) quota of 2010-2011(October, 2010 to September,2011).

CBDT Clarification on Tax Scrutiny Of Mergers and Acquisitions Cases

December 15, 2010 2364 Views 0 comment Print

The Central Board of Direct Taxes (CBDT) has clarified that the Income Tax Department is currently scrutinizing only a handful of cases relating to takeovers, mergers and acquisitions; not 380 or 100 as reported in some sections of the media. Tax scrutiny is an ongoing process and the numbers vary from year to year. This has already been stated in replies to several Parliament Questions

SEBI : Acceptance of third party address as correspondence address

December 14, 2010 769 Views 0 comment Print

The depository participant should further ensure that the statement of transactions and holding are sent to the BO’s permanent address at least once in a year.

SEBI allows Acceptance of Third Party Address as Correspondence Address

December 14, 2010 619 Views 0 comment Print

This circular is being issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992 read with Section 19 of the Depositories Act, 1996 to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.

Members of Professional Institutes arrested by law enforcing agencies for criminal offences- Directions of Govt

December 13, 2010 612 Views 0 comment Print

Members of the three professional Institutes discharge important economic functions and render services to the public. The confidence of the public in the integrity of the members is vital. Part IV of Schedule I of the Acts governing the three professional Institutes specifically provides, that a member shall be deemed to be guilty of mis-conduct if he ” brings disrepute to the profession or the institute as a result of his action whether or not related to his professional work”. Under this provision, it is not necessary that there should be professional mis-conduct; if by his action, a member brings disrepute to the Institute, it is a sufficient ground for proceeding.

S.192 TDS on Salary Provisions for A.Y. 2011-12

December 13, 2010 29454 Views 0 comment Print

CIRCULAR NO 08/2010,Dated: December 13, 2010. Income-Tax Deduction from Salaries during the Financial Year 2010-2011 under Section 192 of the Income-Tax Act, 1961. The present Circular contains the rates of deduction of income-tax from the payment of income chargeable under the head Salaries during the financial year 2010-2011 and explains certain related provisions of the Income-tax Act. The relevant Acts, Rules, Forms and Notifications are available at the website of the Income Tax Department

Guidelines for merging general insurance companies expected to be out by next week- IRDA

December 12, 2010 412 Views 0 comment Print

The Insurance Regulatory and Development Authority (Irda) today said the guidelines for merging general insurance companies are expected to be out by next week. “Probably by next week, it will come out…,” Irda Chairman J Hari Narayanan told report

Rajasthan VAT Return e-filing – Dealers having Turnover more than Rs.50 Lacs in the F.Y.2009-10 are liable to file VAT return electronically

December 11, 2010 1343 Views 0 comment Print

F16(375)TAX/VAT/CCT/06/1710 In exercise of the powers conferred by the sub-rule (7) of rule 19 of the Rajasthan Value Added Tax Rules, 2006, and in suppression of Notification No.16(375)Tax/VAT/CCT/06/179 dated 29.06.2010. I, Niranjan Arya, Commissioner, Commercial Taxes, Rajasthan, hereby specify the following class of registered dealers for the purpose of said sub-rule, with immediate effect. namely:

Insurance – Policy Guidelines for Sharing of Information

December 11, 2010 693 Views 0 comment Print

Insurance – Policy Guidelines for Sharing of Information IRCULAR NO. IRDA/F&I/CIR/GLD/202/12/2010, DATED 8-12-2010 A. Introduction: With the increasing integration with the international financial markets and the growing interest in the Indian insurance markets, there are requests for sharing and exchange of information between supervisors and other entities both in the insurance industry and other stakeholders […]

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