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Saturday, November 27, 2010

Fwd: TaxGuru.in : Legal & Tax Updates



---------- Forwarded message ----------
From: LEGAL & FINANCIAL UPDATES FROM TAX GURU <info@taxguru.in>
Date: Tue, Nov 23, 2010 at 9:52 AM
Subject: TaxGuru.in : Legal & Tax Updates
To: palashbiswaskl@gmail.com


TaxGuru.in : Legal & Tax Updates

Link to LEGAL & FINANCIAL  UPDATES FROM TAX GURU

Transfer Funds To Any Bank Account Via Mobile Phone

Posted: 23 Nov 2010 12:56 AM PST


In a new service that is set to revolutionise the retail money payment sector in India consumers will now be able to transfer money from their accounts to any other account in the country using their cellphones via the National Paymen

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CAG Instructs Government Not To Destroy CWG Records Till End Of Audit

Posted: 23 Nov 2010 12:50 AM PST


Government auditor the Comptroller and Auditor General of India has written to the Cabinet Secretary to ensure that no records from the office of the Commonwealth Games organising committee are removed till the audit is complete The C

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Major Aacouting Standards On Financial Instruments Are Incomplete Unwarranted And Some Even Illogical

Posted: 23 Nov 2010 12:46 AM PST


Brushing aside fears that it was sacrilegious to criticise established accounting standards in a room packed with hundreds of chartered accountants Gautam Doshi group managing director of Reliance-Anil Dhirubhai Ambani Group

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Supreme Court Question Appointment P J Thomas As The Chief Vigilance Commissioner

Posted: 23 Nov 2010 12:37 AM PST


The Supreme Court has questioned the appointment P J Thomas as the Chief Vigilance Commissioner Questioning the appointment the apex court said how Thomas would work as CVC since a chargesheet naming him is pending in a criminal case

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ICAI Issues Revised Guidelines For Training Of Articled Assistant Outside India

Posted: 23 Nov 2010 12:24 AM PST


The Institute while considering the difficulties being faced by overseas members in providing training to articled assistants has issued the revised guidelines and FAQs for training of articled assistant outside India Please vi

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Electric Cars To Get Cheaper By Rs 1 Lakh On Govt Incentive Package

Posted: 23 Nov 2010 12:22 AM PST


Electric cars may become cheaper by up to Rs 1 lakh with manufacturers expected to pass on to the consumers the benefits of the Rs 95-crore incentive package extended by the Government to the industry This subsidy will be applic

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VAT Refund Claims To Be Cross-checked - Sanjay Bhatia

Posted: 22 Nov 2010 11:56 PM PST


The Maharashtra Sales Tax department is taking steps to apply more caution while disposing of VAT refund applications following discovery of a major refund scam involving officers of the department and traders in Palghar recently Spea

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Income-Tax And Customs Departments Facing Nearly 50 Per Cent Staff Shortage

Posted: 22 Nov 2010 11:52 PM PST


Income-Tax and Customs Departments are facing a nearly 50 per cent staff shortage at the senior levels This was stated here on Saturday by the Revenue Secretary Mr Sunil Mitra on the sidelines of Fostering trade led growth strat

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SEBI Asks Asset Management Companies To Simplify New Fund Offers

Posted: 22 Nov 2010 11:49 PM PST


Concerned that mutual fund schemes are becoming too complex for average investors capital market regulator Sebi has asked several asset management companies to rework some proposed new schemes and file offer documents afresh More tha

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IFRS Leeway To Offer Realty Check

Posted: 22 Nov 2010 11:35 PM PST


In a move that will bring a major relief to real estate firms such as DLF and Unitech the corporate affairs ministry has decided to dilute a key provision in the new accounting standards IFRS which will allow real estate compani

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IRDA Will Soon Issue Circular On IPO Guidelines For Life Insurance Companies

Posted: 22 Nov 2010 11:32 PM PST


The Chairman of Insurance Regulatory and Development Authority Mr J Hari Narayan on Friday said the initial public offering IPO guidelines for life insurance companies have been approved by the Securities and Exchange Board of Ind

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Uncertainty In Telecom Sector Makes Bankers Who Taken Exposure In Sector Worried

Posted: 22 Nov 2010 11:28 PM PST


As the uncertainty following the Comptroller and Auditor General s CAG report on telecom companies continues bankers who have taken exposure to these companies are getting the jitters The plan of action ranges from drawdown of loan

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To Recover Loans Bank Showing Defaulting Customers Fear Of Reporting Their Name To The Credit Information Bureau

Posted: 22 Nov 2010 11:19 PM PST


To recover dues bankers are trying to put the fear of God into obstinate defaulters to pay up And how By making it plain that they could get reported to the Credit Information Bureau bankers have been able to achieve a modicum of s

[[ This is a content summary only. Visit www.taxguru.in for full article ]]

RBI Allows Urban Cooperative Banks To Lend More With Regard To Home Loans And Advances To The Realty Sector

Posted: 22 Nov 2010 11:15 PM PST


Urban cooperative banks UCBs have been allowed to lend more freely now especially with regard to home loans and advances to the realty sector The new rules were part of a slew of notifications by Reserve Bank of India easing the no

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Rollout Of Point Of Taxation Rules Likely To Be Pushed To Next Financial Year

Posted: 22 Nov 2010 11:09 PM PST


The Point of Taxation rules which will allow tax authorities to link the payment of service tax to provision of service raising of invoice or payment for service whichever is the earliest may not be introduced in this financi

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Draft Scheme Of On Site Audit In Context Of Post Clearance Audit PCA For Imports

Posted: 22 Nov 2010 02:42 PM PST


INTRODUCTION A good beginning makes a good end Hope this comes true for the draft scheme of On site audit Export-Import is an important determinant of growth of a country A strict policy regarding the import-export

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Indian Power Sector

Posted: 22 Nov 2010 02:36 PM PST


Power Conference 2010 held in Hyderabad Andhra Pradesh The conference was organized by Confederation of Indian Industry and was attended by over 200 delegates from various central and state utilities like NTPC NHPC PGCIL KPTCL a

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Gold And Its New Relatives

Posted: 22 Nov 2010 02:20 PM PST


Three thousand year old traditional colors of hoarding stores of wealth that are physical portable and easily devisable are hard to break This report is not a speculative figure or number guessing It brings you the fundamenta

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Law Of Arbitration In Relation To A Proceeding Under Section 397 398 Of Companies Act 1956

Posted: 22 Nov 2010 05:32 AM PST


A brief nbsp Alternative Dispute Resolution Mechanism ADR is encouraged in view of the fact that there exists an unreasonable delay in the Courts nbsp Among the other modes of Alternative Dispute Resolution ADR dispute re

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Deduction U S 80DD In Respect Of Expenses Incurred On Maintenance Medical Treatment Of A Disabled Dependant

Posted: 20 Nov 2010 11:22 AM PST


In Past few years cost of medical treatment has shoot up very sharply and has made medical treatment almost out of reach of Lower and Middle class families in India Government of India has in order to provide some relief to th

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Egarding Anti Dumping Duty On Polypropylene Originating In Or Exported From Oman Saudi Arabia And Singapore

Posted: 23 Nov 2010 12:33 AM PST


Notification No 119 2010-Customs New Delhi 19th November 2010G S R E - Whereas in the matter of imports of Polypropylene hereinafter referred to as the subject goods falling under sub heading 39021000 or 39023000

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Limited Liability Partnership Second Amendment Rules 2010 - Substitution Of Form 10 In The Annexure

Posted: 22 Nov 2010 10:57 PM PST


Limited Liability Partnership Second Amendment Rules 2010 - Substitution of Form 10 in the AnnexureNotification No G S R 914 E dated 15-11-2010In exercise of the powers conferred by sub-sections 1 and 2 of section 79 of the

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Easy Income Tax TDS Preparation Software Fy 2010-2011 For Salaries Person

Posted: 21 Nov 2010 08:11 PM PST


Preparation of Income Tax TDS for Salaries Person for financial year 2010-2011 It can provide you at a time and automated Calculation of Income Tax with Salary Statement Form 16 ITR-I Relief U s 89 HRA Exempt Calculation also If you

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Prepare Your Income Tax TDS FY 2010-2011 With Salary Statement ITR-I Form-16 10E HRA Exemp Calculation

Posted: 21 Nov 2010 08:05 PM PST


If you have need a preparation of Income Tax TDS Calculation Software in Excel for Salaries Person you can see as well as choose this Software If you have need This Software please Contact with me by mail - pranab banerjee83 gmail c

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