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Monday, October 4, 2010

Fwd: TaxGuru.in : Legal & Tax Updates



---------- Forwarded message ----------
From: LEGAL & FINANCIAL UPDATES FROM TAX GURU <info@taxguru.in>
Date: Mon, Oct 4, 2010 at 9:57 AM
Subject: TaxGuru.in : Legal & Tax Updates
To: palashbiswaskl@gmail.com


TaxGuru.in : Legal & Tax Updates

Link to LEGAL & FINANCIAL  UPDATES FROM TAX GURU

SEBI Bars 197 Foreign Institutional Investors 342 Sub-accounts From Trading

Posted: 03 Oct 2010 11:40 PM PDT


Market regulator SEBI has barred 197 foreign funds including those managed by global financial conglomerates like HSBC Deutsche Bank and Standard Chartered and 342 sub-accounts from further trading in stock market These entities ha

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ICAI Conducting Online CPT Exam On 25th - 26th October 2010 Last Date For Form Submission 9th October

Posted: 03 Oct 2010 01:13 AM PDT


CPT Online Exam 25th - 26th October 2010The Institute of Chartered Accountants of IndiaANNOUNCEMENTSeptember 30 2010ONLINE CPTWith a view to accommodate the candidates who could not register themselves in the Online CPT scheduled on 2

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ICAI Campus Placement Programme-August-September 2010

Posted: 03 Oct 2010 01:07 AM PDT


nbsp The Institute of Chartered Accountants of India ICAI is a statutory body established under the Chartered Accountants Act 1949 Act No XXXVIII of 1949 for the regulation of the profession of Chartered Accountants in India Du

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SC Asks Raju To Respond To CBI Bail Cancellation Plea

Posted: 03 Oct 2010 01:02 AM PDT


The Supreme Court on Friday sought a response from Satyam Computer s disgraced founder B Ramalinga Raju on the CBI s plea for cancellation of his bail in the multi-crore rupee accounting scam A bench comprising Justices Dalbeer Bhand

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On Line Articles Placement Portal For Selection Of Articled Assistants By CA Firms From 5th October 2010

Posted: 02 Oct 2010 02:48 AM PDT


ANNOUNCEMENT September 27 2010 On Line Articles Placement Portal for selection of Articled Assistants by CA Firms from 5th October 2010 The Board of Studies of the Institute has introduced an optional Campus Placement Scheme for sele

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Internship Facility On Competition Law And Policy

Posted: 02 Oct 2010 02:46 AM PDT


Competition Commission of India CCI provides internship facility on competition law and policy to students pursuing Chartered Accountancy course The objective of internship is to familiarize interested and willing students about the

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Hindu Marriage- Conditions For Valid Marriage

Posted: 02 Oct 2010 12:43 AM PDT


The case of the appellant was that she and respondent Santosh Kumar Singh were coworkers and were known to each other They fell in love and ultimately the respondent proposed to marry the appellant The appellant agreed to such propos

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ROLE OF CHARTERED ACCOUNTANT IN YOUR GROWTH

Posted: 02 Oct 2010 02:17 PM PDT


CA Maneet Pal Pasricha 9810774806 www capasricha com www taxleader blogspot com nbsp nbsp With the rapid growth in economy careers in finance and accounts have gained tremendous popularity and the most prestigious care

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Direct Tax Code-2010 Proposed Changes In Respect Of International Taxation

Posted: 02 Oct 2010 02:12 PM PDT


Finance Minister has tabled the Direct Taxes Code 2010 DTC 2010 in the Parliament on 30 August 2010 which is proposed to come into force on 1 April 2012 Some of the salient features are outlined below Source Income rules

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Exemption U S 11 Can Not Be Denied Merely On The Ground That The Audit Report Was Not Filed With The Return Of Income

Posted: 03 Oct 2010 03:23 AM PDT


The assessee a charitable trust filed a return claiming exemption u s 11 in respect inter alia of a receipt of Rs 35 70 crores on sale of property The audit report in Form 10B was not filed with the return During the assessment pr

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In Matters Giving Benefit To Assessee Dept Must Avoid Technical Approach-HC Relief For Actor Danny Denzongpa

Posted: 03 Oct 2010 02:45 AM PDT


The Bombay High Court has directed the income tax commissioner to reconsider the applications of Bollywood actor Danny Denzongpa alias Tshering Pintso for tax exemptions on dividends and interests since 1997-98 under section 10 26AAA

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No Penalty If Delay In Filing Returns Is Genuine- ITAT

Posted: 03 Oct 2010 12:57 AM PDT


Delhi bench of the ITAT has ruled that penalty cannot be levied if there is a genuine reason for the delay Open Technologies India who filed the appeal against the Rs1 lakh penalty imposed on it by the I-T department because of an a

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Summary Of Bombay High Court Decision In Vodafone S Case

Posted: 02 Oct 2010 01:53 PM PDT


In this judgement after hearing the matter vide its order dated 8 September 2010 running into 196 pages the HC has dismissed the writ petition filed by VIH holding that the proceedings initiated by the Revenue Authorities RA u

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Payments To Non-residents Would Be Subject To Withholding Tax Only If The Income Is Chargeable To Tax- SC

Posted: 02 Oct 2010 01:39 PM PDT


Appellant s are the distributors of imported prepackaged shrink wrapped standardized software from Microsoft and other Suppliers outside India During the relevant assessment year s appellant s made payments to the said software Sup

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Collection Of Third Party Account Payee Cheques Prohibition On Crediting Proceeds To Third Party Accounts

Posted: 02 Oct 2010 01:56 PM PDT


RBI 2010-11 222DBOD BP BC No 47 21 01 001 2010-11 October 1 2010The Chairmen Chief Executives of All Scheduled Commercial Banks excluding RRBs amp LABs Dear SirCollection of third party account payee cheques Prohibition on cr

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Amends Notification No 36 2001-Cus N T Dated The 3rd August 2001 CUSTOMS Notification No 86 2010 NT 30-09-2010

Posted: 02 Oct 2010 02:53 AM PDT


Notification No 86 2010 - Customs N T New Delhi 30th September 2010 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

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Amends Anti Dumping Notification No 50 2009-Customs Dated 15th May 2009 To Modify Entries At S No 6 CUSTOMS Notification No 99 2010 30-09-2010

Posted: 02 Oct 2010 02:39 AM PDT


New Delhi the 30th September 2010 Notification No 99 2010 - CustomsG S R 795 E - Whereas in the matter of import of Cathode Ray Colour Television Picture Tubes hereinafter referred to as the subject goods falling under sub-he

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CPT Online Exam 25th - 26th October 2010 - 01-10-2010

Posted: 01 Oct 2010 08:32 PM PDT


With a view to accommodate the candidates who could not register themselves in the Online CPT scheduled on 23rd 24th October 2010 the Council of the Institute has decided to hold additional Online Common Proficiency Test CPT as

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CA PCC RTP Of Cost Accounting For November 2010 Exams

Posted: 01 Oct 2010 07:57 PM PDT


New File- CA PCC RTP of Cost Accounting for November 2010 Exams

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Palash Biswas
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