Friday, January 28, 2011

Fwd: TaxGuru.in : Legal & Tax Updates



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From: LEGAL & FINANCIAL UPDATES FROM TAX GURU <info@taxguru.in>
Date: Fri, Jan 28, 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

It Dept Claims It Detects Rs 11 Cr Undeclared Wealth At Homes Of Priyanka Kasbekar

Posted: 28 Jan 2011 01:31 AM PST


Income-tax officials on Thursday claimed to have detected documents revealing unaccounted wealth of around Rs 11 crore during their searches at the properties of actress Priyanka Chopra and photographer Atul Kasbekar nbsp nbsp Doc

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SC Asks Govt To Ascertain Source Of Black Money

Posted: 28 Jan 2011 01:22 AM PST


New Delhi Expressing concern that black money stashed in banks abroad might have originated from arms deals drug trafficking and smuggling the Supreme Court today asked the government as to what action it had taken against indivi

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Sebi To Impart Financial Skills To Home Makers Students

Posted: 28 Jan 2011 01:20 AM PST


Market regulator Securities and Exchange Board of India Sebi will impart financial education and investments skills to executives home-makers and even school children to spread awareness about sound investment practices and prom

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Treat Corp Funding To Political Parties As Expense - ICAI

Posted: 28 Jan 2011 01:15 AM PST


Corporate funding to political parties should be treated as expenditure in order to increase transparency in financial statements and curb black money flow Accounting regulator ICAI has said nbsp It also added that Companies Bi

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Empanelment Of Schools Educational Institutions For Holding May-2011 CA Examinations And CPT June-2011

Posted: 28 Jan 2011 12:57 AM PST


Empanelment of Schools Educational Institutions for holding May-2011 Chartered Accountants Examinations and Common Proficiency Test June-2011 nbsp The ICAI conducts Chartered Accountants Examinations in most of the cities in the

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50 DoT Officials Under CVC Scanner For Graft

Posted: 28 Jan 2011 12:44 AM PST


The Central Vigilance Commission has imposed major penalty on 226 officials of different government organisations for their alleged involvement in corrupt practices nbsp Out of the total 226 a highest of 50 are from Department of

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Income Tax Scrutiny- Dept Upgrading System To Avoid Scrutiny Of Assessee For Transaction Done In One Year In Year After

Posted: 28 Jan 2011 12:38 AM PST


Income tax department is upgrading its system to ensure an assesse scrutinised for a particular financial transaction does not land in trouble the year after nbsp The income tax department has undertaken intensive upgrade of its

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Open Market Operations Not Debt Mgmt Tool - RBI

Posted: 27 Jan 2011 11:26 PM PST


India s central bank said on Thursday open market operations in the bond market were a monetary policy tool for the Reserve Bank of India RBI and not a debt management instrument nbsp Top officials at the RBI also said open marke

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Govt Plans To Strengthen Service Tax Regime And Plug Loopholes In Various Sectors

Posted: 27 Jan 2011 11:24 PM PST


It is learnt from sources that finance ministry is likely to strengthen the service tax regime and plug loopholes in sectors like construction oil and gas telecom works contract and industrial construction and will come out with

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Assocham Calls For Gradual Transition To Avoid Hiccups

Posted: 27 Jan 2011 02:14 AM PST


Amid confusion surrounding the progressive implementation of International Financial Reporting Standards from April 2011 industry body Assocham has suggested that companies should initially be asked to only prepare their consolidated

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Govt Plans To Widen The Scope Of Wealth Tax In Budget 2011-12

Posted: 27 Jan 2011 02:01 AM PST


The government plans to widen the scope of wealth tax in Budget 2011-12 to include several assets that escape the tax net as they are acquired through cash transactions Armed with a survey on ostentatious display of wealth the governm

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More Efforts Needed To Increase FDI Inflows To Country- RBI

Posted: 27 Jan 2011 01:57 AM PST


The Reserve Bank today said efforts should be made to attract more Foreign Direct Investment FDI in the country as they are more stable than portfolio investments These remarks come a day after the central bank said that environmen

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Construing Consent Under Section 399 Of Companies Act 1956

Posted: 27 Jan 2011 07:31 AM PST


Section 399 of Companies Act 1956 deals with the issue of qualification to file an application under section 397 398 of Companies Act 1956 seeking appropriate relief when there exists oppression and mismanagement in the Company The

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RBI Circular Provides Relaxations In Branch Authorisation Policy

Posted: 28 Jan 2011 01:08 AM PST


RBI 2010-11 390 DBOD No BL BC 78 22 01 001 2010-11 nbsp nbsp January 27 2011 All Scheduled Commercial Banks excluding RRBs nbsp Madam Dear Sir nbsp Section 23 of the Banking Regulation Act 1949 Relaxations i

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RBI Notification Defining Small Account And Prescribing Rules Related To Opening Of The Same

Posted: 28 Jan 2011 01:05 AM PST


Opening of Small Account nbsp RBI 2010-11 389 DBOD AML No 77 14 01 001 2010-11 nbsp January 27 2011 nbsp The Chairmen CEOs of all Scheduled Commercial Banks Excluding RRBs nbsp Local Area Banks All India Fin

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Establishment Of Connectivity With Both Depositories NSDL And CDSL Companies Eligible For Shifting From TFTS To Normal Rolling Settlement

Posted: 28 Jan 2011 12:59 AM PST


CIRCULAR CIR MRD DP 01 2011 nbsp nbsp nbsp nbsp nbsp nbsp nbsp January 27 2011 nbsp To nbsp All Stock Exchanges Dear Sir Madam nbsp Sub Establishment of Connectivity with both depositories NSDL and CDSL

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Approval Of International Advanced Research Centre For Power Metallurgy And New Materials ARC-International Hyderabad Under Section 35 1 Ii

Posted: 28 Jan 2011 12:05 AM PST


NOTIFICATION NO 4 2011dated - 19th January 2011Approval of International Advanced Research Centre For Power Metallurgy and New Materials ARC-International Hyderabad under section 35 1 ii

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Section 90 Of The Income-tax Act 1961 - Double Taxation Agreement - Agreement For Exchange Of Information With Respect To Taxes With Bermuda

Posted: 27 Jan 2011 11:37 PM PST


Section 90 of the Income-tax Act 1961 - Double Taxation Agreement - Agreement for Exchange of Information with respect to taxes with BermudaNOTIFICATION NO 5 2011 F NO 503 2 2009-FTD-I DATED 24-1-2011

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