Fwd: TaxGuru.in : Legal & Tax Updates

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From: LEGAL & FINANCIAL UPDATES FROM TAX GURU <info@taxguru.in>
Date: Tue, Oct 26, 2010 at 11:45 AM
Subject: TaxGuru.in : Legal & Tax Updates
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TaxGuru.in : Legal & Tax Updates

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• Satyam Case - Trial To Begin From November 2
• Deadline For Implementation Of Mobile Number Portability Postponed
• Supreme Court Dismisses Mahesh Bhupathi Plea For Tax Relief
• Direct Taxes Code Would Be Implemented On April One 2012
• Three Months Residential Programme For PCC IPCC PE-II Students Newly Qualified Chartered Accountants
• RBI Wants Lock-in Period For Foreign Direct Investment In Hotels Tourism
• RBI Not In Favour Of Conversion Of Company Into LLP
• IRDA Not In Favour Of Allowing Initial Public Offers By By Insurance Companies Who Have Been In Business For Less Than T
• DoT Plans To Use Unique Identification Numbers As An Identity And Address Proof For Issuing A New Mobile Or Landline Con
• SEBI Set To Allow Retail Investors To Invest Up To Rs 2 Lakh In IPO
• Supreme Court Adjourns Hearing On Vodafone Tax Case To 15th Nov
• Life Insurance Policies Could Soon Become Paperless
• Infrastructure Bonds-The New Avenue To Save Tax
• Assessment Under Section 147 For Tax Evasion Needs To Be Recorded
• Incorporation In India Must For Foreign Banks
• Directorate General Of Income Tax Legal Research Issues Directive To Regulate Filing Of Special Leave Petition SLPs
• Commonwealth Games-Enforcement Directorate Registers Case For FEMA Violation
• Income Tax Department Is Preparing Family Tree Of All Senior Officials Individuals And Their Relatives Who Bagged Com
• Empanelment With Punjab National Bank PNB For Chartered Accountants Ca Firms For Concurrent Audit Revenue Audit And
• Never Admitted To Fraudulently Appropriating Money From Satyam- B Ramalinga Raju
• CAG Seizes Files Related To Constructions Works Carried Out By The CPWD And DDA For The Commonwealth Games
• Cabinet Approves Amendments To The Enemy Property Act 1968
• Budget For Next Year May Take Back Excise Exemption Given To Around 250 Items
• CCI PLANS Code Of Conduct For Trade Bodies
• Sebi Unlikely To Accept Proposal To Lift The Size Of Mandatory Open Offer Arising From Mergers And Acquisitions To 100
• IRDA Suspends Sale Of Universal Life Policies And Will Not Allow Sale Of Single-premium Products Under ULIPs
• RBI To Continue With Prudential Norms For Banks-ICAI
• Taxation Of Derivatives
• Transfer Of High Courts Judges
• Income Tax Demand Of Rs 11 218 Crore Raised On Vodafone For Failure To Deduct Tax As Required Under Section 195
• Rs 246 Crore CWG Deal Is Transparent Says Doordarshan DG
• Income Tax Department Chooses Softer Option Of Acting On Tax Evasion Of Rs 29 Crore By CWG Broadcast Firm SIS Live
• Single Premium Option For Unit-linked Pension Plans
• Drafting Appeal And Procedure In Income Tax Appeals Before CIT Appeals And ITAT
• Removal Of Ceiling On Hiring Of Foreign Nationals
• Amendment To Clause 35 Of Listing Agreement
• CBDT Circular Clarifies That Widening Of Existing Roads Constitutes Creation Of New Infrastructure Facility Eligible For
• Claim Of Minority To Buy The Shares Of Majority In A Proceeding Under Section 397 398 Of Companies Act 1956
• Indian Judiciary On Education
• Interest U S 234A To 234C Applicable To Settlement Commission Proceedings It Is Payable Only Up To The S 245D 1 Order And Cannot Be Levied U S 154
• Higher Price Paid To AEs Accepted As ALP Under The CUP Method Provided There Is Sufficient Economic And Commercial Justification Evidencing The Same
• Profits Earned From Forward Contract Not To Be Included In The Profits Of The Business Of The Undertaking For Computing Deduction Under Section 10B
• Transfer Of Computer Software By An Indian Branch Of A Foreign Company Approved As 100 Percent EOU To Its Head Office Is An Eligible Transaction For
• Supreme Court Rules On Deductibility Of Export Profits While Computing MAT
• No Disallowance U S 40 A Ia Where Payments Made Were Apparently Less Than Rs 20 000 Each And To Each Party Less Than Rs 50 000 Per Year As Per T
• ITAT Delhi Rejects Assessing Officer S Approach Of Cherry Picking The Comparables And Proposing An Arbitrary Transfer Pricing Adjustment
• Section 35 1 Iii Of The Income-tax Act 1961 Scientific Research Expenditure Approved Social Science Or Statistical Research Associations Or Institutions - Notification No 75 2010
• SION H-158 As Amendment Done By Public Notice No 104 RE2008 2004-09 Dated 7 11 2008- DGFT Policy Circular No 03 RE-2010 2009-14
• RBI Exempts Long Term Infrastructure Bonds U S 80CCF Issued By Infrastructure Companies From The Purview Of Public Deposits
• Credit Debit Card Transactions- Security Issues And Risk Mitigation Measures For Card Not Present Transactions
• Reduction Of Government Litigations - Providing Monetary Limits For Filing Appeals By The Department Before CESTAT And High Courts
• Consolidation Or Merger Of Schemes- SEBI Circular
• Income-tax Settlement Commission Procedure Amendment Rules 2010 - Amendment In Rules 2 5 6 7 9 And Insertion Of Rule 12A
• CBDT Notifies Annuity Plans Of TATA And ICICI Under Section 80C 2 Xii
• Pay Slip Performa
• All In One Income Tax Calculation For All Employee For Financial Year 2010-2011 Assessment Year 2011-2012
• Internal Audit Checklist
• Ca Final Costing Sugestion
• Ca Sinal Costing Note
• Auto Income Tax Calculation For Private Concern Employee And Other Employees With Salary Statement Form 16 ITR-I 10E For FY 2010-2011
• Income Tax Calculation For Only West Bengal Govt Employee For Financial Year 2010-2011 Assessment Year 2011-2012
• Income Tax Calculation For Handicapped Employee For Financial Year 2010-2011
• Easy Income Tax Calculation For All Categories For Financial Year2010-2011 Salary Statement Form 16 ITR-I 10E

Satyam Case - Trial To Begin From November 2 Posted: 26 Oct 2010 04:30 AM PDT The trial in multi-crore Satyam Computers accounting fraud case would begin from November 2 nearly 22 months after B Ramalinga Raju disgraced founder of Satyam Computer Services admitted fudging of company accounts to the tune of Rs [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Deadline For Implementation Of Mobile Number Portability Postponed Posted: 26 Oct 2010 04:21 AM PDT Communications Minister A Raja s promise to let people switch their mobile service operators while retaining their telephone number has got delayed once again - the deadline for the implementation of mobile number portability has been [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Supreme Court Dismisses Mahesh Bhupathi Plea For Tax Relief Posted: 26 Oct 2010 04:17 AM PDT Mahesh Bhupathi has been a resolute fighter on the tennis court since he turned pro in 1995 Clawing his way up the ATP rankings he has earned a career prize money of 5 191 184 nbsp But on Monday he decisively lost the tenacious fig [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Direct Taxes Code Would Be Implemented On April One 2012 Posted: 26 Oct 2010 04:14 AM PDT Union Minister of State for Finance S S Palanimanickam today said the Direct Taxes Code would be implemented on April one 2012 nbsp It will be implemented on April 1 2012 There is no change in that he told reporters nbsp In [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Three Months Residential Programme For PCC IPCC PE-II Students Newly Qualified Chartered Accountants Posted: 26 Oct 2010 02:32 AM PDT Three Months Residential Programme on Professional Skills and Development has been initiated by Board of Studies ICAI for the benefit of Chartered Accountancy Students and newly qualified Chartered Accountants All the students who ha [[ This is a content summary only. Visit www.taxguru.in for full article ]]

RBI Wants Lock-in Period For Foreign Direct Investment In Hotels Tourism Posted: 26 Oct 2010 02:07 AM PDT The Reserve Bank of India RBI has advised the government to impose strict new riders and set up a monitoring mechanism to prevent a real estate bubble That the central bank fears may be created due to diversion of foreign funds [[ This is a content summary only. Visit www.taxguru.in for full article ]]

RBI Not In Favour Of Conversion Of Company Into LLP Posted: 26 Oct 2010 02:05 AM PDT A year ago when a new law allowed Indian businessmen to form limited liability partnerships LLPs corporate houses felt it would be an easy way to escape tax But today many are running into a wall And the resistance is coming [[ This is a content summary only. Visit www.taxguru.in for full article ]]

IRDA Not In Favour Of Allowing Initial Public Offers By By Insurance Companies Who Have Been In Business For Less Than T Posted: 26 Oct 2010 01:22 AM PDT Insurance regulator IRDA is not in favour of allowing initial public offers IPOs by life insurers who have been in business for less than ten years a condition holding up the IPO guidelines for the sector nbsp The companies who hav [[ This is a content summary only. Visit www.taxguru.in for full article ]]

DoT Plans To Use Unique Identification Numbers As An Identity And Address Proof For Issuing A New Mobile Or Landline Con Posted: 26 Oct 2010 01:13 AM PDT The department of telecommunications is planning to use Unique Identification UID numbers nbsp which will be issued by the government as an identity and address proof for issuing a new mobile or landline connection nbsp The stre [[ This is a content summary only. Visit www.taxguru.in for full article ]]

SEBI Set To Allow Retail Investors To Invest Up To Rs 2 Lakh In IPO Posted: 26 Oct 2010 12:22 AM PDT Retail investors will get to double their bets on initial public offerings as the market regulator is set to raise the limit to Rs 2 lakh the first revision in five years as it attempts to keep pace with the eroding value of the rupe [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Supreme Court Adjourns Hearing On Vodafone Tax Case To 15th Nov Posted: 26 Oct 2010 12:16 AM PDT The Supreme Court nbsp on Monday nbsp adjourned hearing in the tax case against Vodafone to 15th November after the telecom company sought time to go through the Rs 11 218 crore tax notice sent by the Income Tax department n [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Life Insurance Policies Could Soon Become Paperless Posted: 25 Oct 2010 11:58 PM PDT Life insurance policy holders may not be required to keep paper records of their policies once the plan for digitalisation of the sector that is being worked on by the Life Insurance Council is approved by the regulator IRDA nbsp [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Infrastructure Bonds-The New Avenue To Save Tax Posted: 25 Oct 2010 03:19 PM PDT Infrastructure bonds are an attractive option for those in the high tax bracket Infrastructure bonds are the latest avenue for investors looking to park funds in debt instruments A number of companies have announced plans to raise [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Assessment Under Section 147 For Tax Evasion Needs To Be Recorded Posted: 25 Oct 2010 03:08 PM PDT THE Delhi high court has ruled that the tax authorities cannot initiate assessment proceedings simply on belief of escapement of tax or belief that some income has escaped tax effectively curbing powers of the revenue department to o [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Incorporation In India Must For Foreign Banks Posted: 25 Oct 2010 03:05 PM PDT The Reserve Bank of India has sent to the finance ministry a draft of its discussion paper on conversion of foreign bank branches into wholly-owned subsidiaries The draft is understood to recommend compulsory local incorporation coup [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Directorate General Of Income Tax Legal Research Issues Directive To Regulate Filing Of Special Leave Petition SLPs Posted: 25 Oct 2010 09:09 AM PDT The Directorate General of Income Tax Legal amp Research has issued a directive to regulate the filing of Special Leave Petition SLPs before the Supreme Court It has been stated 3 The objective of the Board is to file SLP i [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Commonwealth Games-Enforcement Directorate Registers Case For FEMA Violation Posted: 25 Oct 2010 09:02 AM PDT The Enforcement Directorate has registered a case for violation of Foreign Exchange Management Act as part of its probe into the alleged corruption in the run-up to the Commonwealth Games nbsp Official sources said Ce [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Income Tax Department Is Preparing Family Tree Of All Senior Officials Individuals And Their Relatives Who Bagged Com Posted: 25 Oct 2010 08:56 AM PDT The Income Tax department is preparing a family tree of all senior officials individuals and their relatives who have bagged Commonwealth Games contracts and also of consortiums which entered into joint ventures with foreign e [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Empanelment With Punjab National Bank PNB For Chartered Accountants Ca Firms For Concurrent Audit Revenue Audit And Posted: 25 Oct 2010 08:53 AM PDT Punjab National Bank invites applications on the undernoted prescribed format from practicing firms of Chartered Accountants of India who are willing to have their Firms empanel ed as Concurrent Revenue Treasury Auditor in the Bank [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Never Admitted To Fraudulently Appropriating Money From Satyam- B Ramalinga Raju Posted: 25 Oct 2010 08:23 AM PDT Satyam founder B Ramalinga Raju nbsp on Wednesday said he never admitted to fraudulently appropriating money from the IT company nbsp Defending the bail granted to him in the Supreme Court Raju interestingly thanked the government [[ This is a content summary only. Visit www.taxguru.in for full article ]]

CAG Seizes Files Related To Constructions Works Carried Out By The CPWD And DDA For The Commonwealth Games Posted: 25 Oct 2010 08:20 AM PDT nbsp The Comptroller and Auditor General CAG nbsp on Wednesday nbsp seized files about various constructions works carried out by the CPWD and DDA for the Commonwealth Games even as the audit watchdog roped in more officers to [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Cabinet Approves Amendments To The Enemy Property Act 1968 Posted: 25 Oct 2010 08:17 AM PDT The Union Cabinet today approved the proposal of Ministry of Home Affairs to introduce the Enemy Property Amendment and Validation Second Bill 2010 to make amendments to the Enemy Property Act 1968 The amendments among [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Budget For Next Year May Take Back Excise Exemption Given To Around 250 Items Posted: 25 Oct 2010 03:43 AM PDT The finance ministry is looking into the possibility of phasing out some exemptions from the Centre s excise list in the next Budget nbsp The move is part of the transition exercise to the goods amp services tax regime slated [[ This is a content summary only. Visit www.taxguru.in for full article ]]

CCI PLANS Code Of Conduct For Trade Bodies Posted: 25 Oct 2010 03:32 AM PDT It s not just numerology that links the recently released movies Dabangg Anjaana Anjaani and Raavan Thanks to the Competition Commission of India CCI the country s fair trade practice watchdog none of these movies would ha [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Sebi Unlikely To Accept Proposal To Lift The Size Of Mandatory Open Offer Arising From Mergers And Acquisitions To 100 Posted: 25 Oct 2010 03:30 AM PDT The Securities and Exchange Board Sebi of India is unlikely to accept a proposal to lift the size of mandatory open offer arising from mergers and acquisitions to 100 per cent from 20 per cent A panel set up by the Sebi had propo [[ This is a content summary only. Visit www.taxguru.in for full article ]]

IRDA Suspends Sale Of Universal Life Policies And Will Not Allow Sale Of Single-premium Products Under ULIPs Posted: 24 Oct 2010 06:10 AM PDT The Insurance Regulatory and Development Authority Irda has suspended sale of universal life policies which were being promoted as an alternative to unit-linked insurance plans from October 23 nbsp Sales have been suspended u [[ This is a content summary only. Visit www.taxguru.in for full article ]]

RBI To Continue With Prudential Norms For Banks-ICAI Posted: 24 Oct 2010 05:55 AM PDT The Reserve Bank of India RBI will continue with prudential norms for banks the Institute of Chartered Accountants of India ICAI has said It also stated that International Financial Reporting Standards-9 IFRS 9 for banks will n [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Taxation Of Derivatives Posted: 24 Oct 2010 05:53 AM PDT Since there is no transfer or delivery of the underlying asset in case of futures the income or loss from it cannot be taxed under the head capital gains nbsp Therefore depending upon the fact whether the assessee is a trader [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Transfer Of High Courts Judges Posted: 24 Oct 2010 05:42 AM PDT Transfer of High Courts Judges-In exercise of the powers conferred by clause 1 of article 222 of the Constitution of India the President after consultation with the Chief Justice of India is pleased to transfer the following Jud [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Income Tax Demand Of Rs 11 218 Crore Raised On Vodafone For Failure To Deduct Tax As Required Under Section 195 Posted: 24 Oct 2010 05:38 AM PDT The Income Tax department today issued an order raising a tax demand of Rs 11 217 95 crore on Vodafone International Holdings BV treating it as an assessee in default under section 201 1 of the Income Tax Act 1961 the Act for f [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Rs 246 Crore CWG Deal Is Transparent Says Doordarshan DG Posted: 24 Oct 2010 05:26 AM PDT Rejecting allegations of corruption public broadcaster Doordarshan today claimed that the Rs 246 crore contract with a British firm to telecast Commonwealth Games was transparent and as per government rules nbsp Having faced brick [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Income Tax Department Chooses Softer Option Of Acting On Tax Evasion Of Rs 29 Crore By CWG Broadcast Firm SIS Live Posted: 24 Oct 2010 05:23 AM PDT The income tax department chose the softer option of acting on a tax evasion of Rs 29 crore from CWG broadcast firm SIS Live by withdrawing its own order to attach the company s bank accounts It rewrote its order attach accounts direct [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Single Premium Option For Unit-linked Pension Plans Posted: 24 Oct 2010 05:10 AM PDT After the initial hesitation some of the private sector life insurance companies are launching unit-linked pension plans but only with a single premium option nbsp While ICICI Prudential has recently launched its single premium un [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Drafting Appeal And Procedure In Income Tax Appeals Before CIT Appeals And ITAT Posted: 25 Oct 2010 11:51 PM PDT Drafting Appeal and Procedure in Income Tax Appeals before CIT Appeals and ITAT Drafting of Appeal 1 nbsp nbsp nbsp nbsp Drafting of Statement of Facts and Grounds of appeal before Commissioner of Income-tax Appeals a [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Removal Of Ceiling On Hiring Of Foreign Nationals Posted: 25 Oct 2010 11:22 PM PDT The Ministry of Labour and Employment amp Training MLET vide its office memorandum dated 8 September 2009 has imposed restrictions on the issue of Employment Visas EVs to highly skilled and professionals foreign nationa [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Amendment To Clause 35 Of Listing Agreement Posted: 25 Oct 2010 03:28 PM PDT Securities and Exchange Board of India SEBI at its Board Meeting held on 4 August 2010 has taken the decisions relating to the format frequency of filing of shareholding pattern under clause 35 of the listing agreement The decis [[ This is a content summary only. Visit www.taxguru.in for full article ]]

CBDT Circular Clarifies That Widening Of Existing Roads Constitutes Creation Of New Infrastructure Facility Eligible For Posted: 25 Oct 2010 03:25 PM PDT Section 80IA 4 i of the Income-tax Act 1961 the Act provides for a tax holiday to an undertaking engaged in developing or operating and maintaining or developing operating and maintaining any infrastructure facility subject [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Claim Of Minority To Buy The Shares Of Majority In A Proceeding Under Section 397 398 Of Companies Act 1956 Posted: 25 Oct 2010 12:37 PM PDT Settling or putting an end to the disputes among shareholders by the Company Law Board under section 397 398 of the Companies Act 1956 is a complicated job When where exist serious difference of opinion among the minority and [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Indian Judiciary On Education Posted: 25 Oct 2010 07:07 AM PDT The complications Indian Judiciary is being criticized by all in the recent past The media can criticize the judiciary and make it a news item using the general anger of the people on the Justice Delivery Mechanism in t [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Interest U S 234A To 234C Applicable To Settlement Commission Proceedings It Is Payable Only Up To The S 245D 1 Order And Cannot Be Levied U S 154 Posted: 26 Oct 2010 01:06 AM PDT A five-judge Constitution bench of the Supreme Court last week ruled that the settlement commission under the Income Tax Act cannot reopen concluded proceedings under Section 154 rectification of mistakes so as to levy interest [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Higher Price Paid To AEs Accepted As ALP Under The CUP Method Provided There Is Sufficient Economic And Commercial Justification Evidencing The Same Posted: 25 Oct 2010 11:16 PM PDT Recently the Mumbai Bench of the Income-tax Appellate Tribunal the Tribunal in the case of Cheminova India Ltd Vs ACIT Mumbai ITA No 4865 Mum 05 13 ITAT INDIA 240 Mum accepted higher price paid to its Associated Enter [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Profits Earned From Forward Contract Not To Be Included In The Profits Of The Business Of The Undertaking For Computing Deduction Under Section 10B Posted: 25 Oct 2010 11:11 PM PDT Bangalore bench of the Income-tax Appellate Tribunal the Tribunal in the case of ACIT v K Mohan Co Exports P Ltd 2010 130 TTJ 719 Bang held that that profits earned from forward contracts cannot be included in the profi [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Transfer Of Computer Software By An Indian Branch Of A Foreign Company Approved As 100 Percent EOU To Its Head Office Is An Eligible Transaction For Posted: 25 Oct 2010 03:51 PM PDT The Delhi bench of Income-tax Appellate Tribunal the Tribunal in the case of DDIT v Virage Logic International ITA No 494 Del 2010 held that transfer of a computer software by an Indian branch of a foreign company approved as 1 [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Supreme Court Rules On Deductibility Of Export Profits While Computing MAT Posted: 25 Oct 2010 03:47 PM PDT In a recent ruling Supreme Court SC in the case of Ajanta Pharma Ltd Taxpayer Civil Appeal No 7518 of 2010 on the issue of deductibility of export profits from the net profit while computing book profit for determining mi [[ This is a content summary only. Visit www.taxguru.in for full article ]]

No Disallowance U S 40 A Ia Where Payments Made Were Apparently Less Than Rs 20 000 Each And To Each Party Less Than Rs 50 000 Per Year As Per T Posted: 25 Oct 2010 03:42 PM PDT In the case of Vikas Road Carriers Ltd v ITO 2010-TIOL-417-ITAT-MUM the Mumbai Bench of the Income-tax Appellate Tribunal the Tribunal ruled that in light of the very typical facts of the case no disallowance could be made u [[ This is a content summary only. Visit www.taxguru.in for full article ]]

ITAT Delhi Rejects Assessing Officer S Approach Of Cherry Picking The Comparables And Proposing An Arbitrary Transfer Pricing Adjustment Posted: 25 Oct 2010 03:35 PM PDT Recently the Delhi bench of the Income-tax Appellate Tribunal the Tribunal in the case of ACIT Vs M s Toshiba India Private Limited 2010-TII-14-ITAT-DEL-TP has rejected the Assessing Officer s approach of cherry picking the comp [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Section 35 1 Iii Of The Income-tax Act 1961 Scientific Research Expenditure Approved Social Science Or Statistical Research Associations Or Institutions - Notification No 75 2010 Posted: 26 Oct 2010 02:45 AM PDT Section 35 1 iii of the Income-tax Act 1961 Scientific research expenditure Approved social science or statistical research associations or institutions nbsp Notification No 75 2010 F No 203 152 2009 ITA-II dated [[ This is a content summary only. Visit www.taxguru.in for full article ]]

SION H-158 As Amendment Done By Public Notice No 104 RE2008 2004-09 Dated 7 11 2008- DGFT Policy Circular No 03 RE-2010 2009-14 Posted: 26 Oct 2010 02:28 AM PDT Policy Circular No nbsp nbsp 03 RE-2010 2009-14 nbsp nbsp nbsp nbsp nbsp Dated nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp 25th October 2010 nbsp Subject SION H-158 as amendment done by Public Notice No 104 RE2 [[ This is a content summary only. Visit www.taxguru.in for full article ]]

RBI Exempts Long Term Infrastructure Bonds U S 80CCF Issued By Infrastructure Companies From The Purview Of Public Deposits Posted: 26 Oct 2010 02:22 AM PDT Long Term Infrastructure Finance Bonds issued by Infrastructure Finance Companies IFCs under Section 80CCF of the Income Tax Act 1961- Exemption from the definition of public deposit RBI 2010-11 242 DNBS PD CC No 203 0 [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Credit Debit Card Transactions- Security Issues And Risk Mitigation Measures For Card Not Present Transactions Posted: 26 Oct 2010 02:19 AM PDT RBI 2010-2011 243RBI DPSS No 914 02 14 003 2010-2011 nbsp October 25 2010The Chairman and Managing Director Chief Executive OfficersAll Scheduled Commercial Banks including RRBs Urban Co-operative Banks State Co-operative Bank [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Reduction Of Government Litigations - Providing Monetary Limits For Filing Appeals By The Department Before CESTAT And High Courts Posted: 24 Oct 2010 06:06 AM PDT Reduction of Government litigations - providing monetary limits for filing appeals by the Department before CESTAT and High Courts - Regarding nbsp F No 390 Misc 163 2010-JC nbsp New Delhi 20th October 2010Ministry of Finance nbsp D [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Consolidation Or Merger Of Schemes- SEBI Circular Posted: 24 Oct 2010 05:13 AM PDT Cir IMD DF 15 2010 Dated nbsp October 22 2010 nbsp All Mutual Funds Asset Management Companies AMCs Trustee Companies Boards of Trustees of Mutual Funds nbsp Dear Sir Madam nbsp Sub Consolidation or Merger o [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Income-tax Settlement Commission Procedure Amendment Rules 2010 - Amendment In Rules 2 5 6 7 9 And Insertion Of Rule 12A Posted: 22 Oct 2010 02:32 AM PDT Notification No G S R 820 E dated 6-10-2010 nbsp In exercise of the powers conferred by sub-section 7 of section 245F of the Income-tax Act 1961 43 of 1961 the Income-tax Settlement Commission hereby makes the followin [[ This is a content summary only. Visit www.taxguru.in for full article ]]

CBDT Notifies Annuity Plans Of TATA And ICICI Under Section 80C 2 Xii Posted: 22 Oct 2010 02:28 AM PDT Section 80C of the Income-tax Act 1961 - Deductions - In respect of insurance premium etc - Notified plan under section 80C 2 xii nbsp Notification No 80 2010 F No 178 04 2009-ITA-1 dated 19-10-2010 nbsp In exercise o [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Pay Slip Performa Posted: 24 Oct 2010 11:23 PM PDT Pay Slip Performa [[ This is a content summary only. Visit www.taxguru.in for full article ]]

All In One Income Tax Calculation For All Employee For Financial Year 2010-2011 Assessment Year 2011-2012 Posted: 23 Oct 2010 07:21 PM PDT All in one Income Tax Calculation Software in excel It can prepared at a time Salary Statement Form-16 ITR-I 10E [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Internal Audit Checklist Posted: 23 Oct 2010 06:24 PM PDT Internal Audit Checklist [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Ca Final Costing Sugestion Posted: 22 Oct 2010 11:37 PM PDT sugestion for student apearing on ca final nov 10 [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Ca Sinal Costing Note Posted: 22 Oct 2010 11:34 PM PDT Dear Friends Students I am enclosing the Costing Notes inclusive of past year questions and study material as these are considered very important for your exams The pattern of reading these notes should [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Auto Income Tax Calculation For Private Concern Employee And Other Employees With Salary Statement Form 16 ITR-I 10E For FY 2010-2011 Posted: 22 Oct 2010 06:42 PM PDT Income Tax Calculation for All Private Concern Employee and other Employees with Salary Statement Form-16 ITR-I Form 10E for Financial Year 2010-2011 and Assessment Year 2011-2012 [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Income Tax Calculation For Only West Bengal Govt Employee For Financial Year 2010-2011 Assessment Year 2011-2012 Posted: 22 Oct 2010 06:37 PM PDT Income Tax Salary Statement 10E for Financial Year 10-11 Prepared by Pranab Banerjee Kalisthanpara Jiaganj Murshidabad West Bengal For contact -bpranab78 yahoo com OR pranab banerjee83 gmail com or Log in www pranab jiaganj co [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Income Tax Calculation For Handicapped Employee For Financial Year 2010-2011 Posted: 22 Oct 2010 06:35 PM PDT Income Tax calculation for Handicapped Employees For Financial Year 2010-2011 [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Easy Income Tax Calculation For All Categories For Financial Year2010-2011 Salary Statement Form 16 ITR-I 10E Posted: 22 Oct 2010 06:32 PM PDT Income Tax Calculation with Salary Statement Form-16 ITR-I for Fy 10-11 Prepared by Pranab Banerjee Kalisthanpara Jiaganj Murshidabad West Bengal For contact -bpranab78 yahoo com OR pranab banerjee83 gmail com or Log in www p [[ This is a content summary only. Visit www.taxguru.in for full article ]]

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