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Friday, January 21, 2011

Fwd: TaxGuru.in : Legal & Tax Updates



---------- Forwarded message ----------
From: LEGAL & FINANCIAL UPDATES FROM TAX GURU <info@taxguru.in>
Date: Fri, Jan 21, 2011 at 9:42 AM
Subject: TaxGuru.in : Legal & Tax Updates
To: palashbiswaskl@gmail.com


TaxGuru.in : Legal & Tax Updates

Link to LEGAL & FINANCIAL  UPDATES FROM TAX GURU

PM S Address At The Launch Of Mobile Number Portability Across India

Posted: 21 Jan 2011 01:27 AM PST


The Prime Minister Dr Manmohan Singh launched the mobile portability across India at a function in Vigyan Bhawan today Following is the text of the Prime Minister s address on the occasion nbsp Many years ago someone a

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Shocker- Incentives To IT Other Services Export Withdrawn

Posted: 21 Jan 2011 01:24 AM PST


In a move that will adversely impact the country s services sector the government has withdrawn incentives to exporters of IT and ITeS telecommunication and airlines services nbsp The list of services eligible for duty credits un

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Coal Regulator Bill To Be Introduced In Budget Session

Posted: 21 Jan 2011 01:24 AM PST


The Government will bring Coal Regulator Bill in Parliament in Budget Session to ensure level playing field to all the stake holders It would also make recommendations for reforms in coal sector and about coal pricing Addressing t

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ICAI Announcement Relating To New Study Materials For CA Final Course

Posted: 21 Jan 2011 01:22 AM PST


Announcement relating to new Study Materials for Final Course Students of Final Course may note that the Study Materials including Practice Manuals for all the subjects of the Final Course have been modified revised updated and

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Cabinet Reshuffle- List Of Ministers And Portfolios

Posted: 21 Jan 2011 01:12 AM PST


nbsp Following are the new Ministers and Portfolios announced today by the Government nbsp CABINET MINISTERS nbsp 1 Shri Praful Patel Heavy Industries and Public Enterprises nbsp 2 Shri Shriprakash Jaiswal Coal n

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FM Holds Pre Budget Consultations With Finance Ministers Of All States And Union Territories

Posted: 21 Jan 2011 01:08 AM PST


Union Finance Minister Shri Pranab Mukherjee held a meeting with Finance Ministers of different States and Union Territories to get their inputs for General Budget 2011-12 here today This was the seventh such meeting in the series of

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Aadhaar UID May Reduce The SIM Activation Process Time To 5 Minutes From 3 Days

Posted: 21 Jan 2011 12:18 AM PST


The Department of Telecommunications DoT is considering a proposal by the Unique Identity Authority of India UIDAI to bring about 700 million telecom users under an unique identification programme The UIDAI plans to issue a 12-

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Income Tax Dept Recovers Rs 44 Cr From Commodity Traders

Posted: 20 Jan 2011 11:36 PM PST


In the largest ever cash seizure the Income Tax department today said it has recovered Rs 44 2 crore of unaccounted money from three Delhi-based commodity traders nbsp In search and seizure actions conducted by the Income Tax dep

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Government Set To Raise Threshold For Independent Audit Of Corporate Transactions

Posted: 20 Jan 2011 11:24 PM PST


The government is set to raise the threshold for independent verification of corporate transactions in the Companies Bill diluting a proposal it made before a key Parliamentary panel nbsp The threshold would now be fixed at 1 of

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CA Final And CPT Results To Be Declared On 21st January At 2 PM

Posted: 20 Jan 2011 06:06 AM PST


Results of the CA Final and Final New Course Examinations held in November 2010 and Common Proficiency Test CPT held in December 2010 are likely to be declared on Friday the 21st January 2011 around 2 00 PM nbsp The resu

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Salaried Taxpayers With No Other Income May Get Exemption From IT Return Filing

Posted: 20 Jan 2011 03:52 AM PST


Salaried taxpayers with no other income could get a respite from filing tax returns The income-tax I-T department is open to examining a proposal to exempt them from the annual chore nbsp Asked whether the department would think

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New President And Vice-President Of ICSI For 2011

Posted: 20 Jan 2011 03:51 AM PST


New President and Vice-President of ICSI for 2011 CS Mr Anil Murarka FCS-3150 CS Mr Nesar Ahmad FCS-3360

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All About Speed Clearing Of Cheques

Posted: 21 Jan 2011 12:48 AM PST


Banks as part of their normal banking operations undertake collection of cheques deposited by their customers some of which could also be drawn on non-local bank branches Such cheques are called outstation cheques nbsp Roll-o

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Tax Planning Tips- Your Parents Can Help You Save Tax Reduce Your Tax Liability

Posted: 20 Jan 2011 11:04 PM PST


Saving tax is the main motto of all taxpayers While some hire chartered accountants others pore through tax laws or ask friends to find out if there are ways by which they can save nbsp nbsp Actually the simplest way of sa

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Johnny And Service Tax Refund Series-II - Part 7 - Refund On Other Services

Posted: 20 Jan 2011 09:56 PM PST


CA Pradeep JainMayank PalgautaIn continuation of previous articles elaborating the difficulties in getting the refund claim under different conditions we in this article are unveiling the problems existing in the Service tax refund

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What S Better- Trust Society Or Section 25 Company

Posted: 20 Jan 2011 12:50 AM PST


There are three different ways in which one can share good fortune with others in an organised and enduring manner and receive legal protection as well as tax benefits nbsp One can set up either a public charitable trust a re

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TDS Credit Right Of Payee- The Refund Made To The Tax Deductor Even If Wrongful Has No Adverse Impact On The Rights Of The Assessee

Posted: 20 Jan 2011 12:41 AM PST


Learned CIT A erred in not directing the AO to unconditionally grant full tax credit to the appellant f or the taxes deducted at source by Reliance Infocomm Limited of Rs 24 41 58 046 and consequently grant refund of the said amount

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SEBI - Discussion Paper On Outsourcing Of Activities Related To Intermediation Services

Posted: 21 Jan 2011 12:58 AM PST


PRESS RELEASE NO 17 2011 DATED 19-1-2011 nbsp SEBI has prepared a discussion paper on outsourcing of activities related to the intermediation services The paper proposes certain principles for outsourcing and indicates activi

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Regarding Service Tax Exemption For Janata Personal Accident Policy

Posted: 20 Jan 2011 04:26 AM PST


Circular No 133 2 2011 ST F No 332 36 2010-TRU Government of India Ministry of Finance Department of Revenue Tax Research Unit North Block New Delhi nbsp 18th January 2011 nbsp To nbsp

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Norms For Execution Of Bank Guarantee In Respect Of Advance Authorization Duty Free Import Authorization DFIA Export Promotion Capital Goods EPCG Schemes Reg

Posted: 20 Jan 2011 04:04 AM PST


Circular No 06 2011-Customs nbsp F NO 609 119 2010-DBK Department of Revenue Government of India Ministry of Finance nbsp New Delhi the 18th January 2011 To nbsp All Chief Commissioners of Customs C

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