Fwd: TaxGuru : “Recommendation for increasing annual deposit limit in PPF to Rs. 100000 from existing Rs. 70000” plus 22 more

---------- Forwarded message ----------
From: TaxGuru.in - Daily Tax and Corporate Law Update <info@taxguru.in>
Date: Thu, Jun 9, 2011 at 10:10 AM
Subject: TaxGuru : "Recommendation for increasing annual deposit limit in PPF to Rs. 100000 from existing Rs. 70000" plus 22 more
To: palashbiswaskl@gmail.com

TaxGuru : "Recommendation for increasing annual deposit limit in PPF to Rs. 100000 from existing Rs. 70000" plus 22 more

---

• Recommendation for increasing annual deposit limit in PPF to Rs. 100000 from existing Rs. 70000
• Reassessment proceedings u/s.147 read with 148 of the Act cannot be initiated merely based on the audit report
• Income Tax office held guilty of violating 'human rights' for continuing search and Seizure process without any break or interval at odd hours
• DIN-1 and DIN-4 to be digitally signed by Practicing CA/CS/CWAs – w.e.f. 12.06.2011
• Filing of Balance Sheet and Profit and Loss Account in eXtensible Business Reporting Language (XBRL) mode – General Circular 37/2011
• Not to give effect to notificataion taxing representation services by CS, CWA ,CA – Delhi HC
• Govt sets up panel on black money to suggest ways to trace tax defaulters
• finance ministry bringing intelligence and criminal investigation units of the Income Tax department under one umbrella
• FM Urges CBEC Officers to Make Sustained and Strategic Efforts to Achieve Revenue Targets for Current Fiscal Year
• French Finance Minister, Chiristine Lagarde calls Pranab Mukherjee for support in IMF
• Extra efforts would be required to achieve tax targets – FM
• ICSI National Award for Excellence in Corporate Governance, 2011
• Insurance – Report of the Committee on Bancassurance
• Insurance – IRDA (Scheme of Amalgamation and Transfer of General Insurance Business) Regulations, 2011
• CBDT Sets-up a Committee to Examine And Suggest Ways to Recover Income Tax Demand
• CBI arrests Joint Director of CIB and RC under Ministry of Agriculture in a bribery case
• Minimum Export Price of Onions – Notification No. 56 (RE–2010)/2009-2014
• Seizure of Fake Indian Currency Notes (FICN) having face value of Rs.1.54 Crores by DRI
• High net-worth individuals wants more self-control over their investment habits,
• Discussions on to further liberalise FDI in Multi Brand Retail – Pranab Mukherjee
• Home Minister, Shri P. Chidambaram's Statement on Events Concerning Ramdev's Protest
• India going through 'transparency revolution' – Antony
• ICAI convocation for Members admitted during the period September, 2010 to February, 2011

Recommendation for increasing annual deposit limit in PPF to Rs. 100000 from existing Rs. 70000 Posted: 08 Jun 2011 08:04 PM PDT Committee for Comprehensive Review of NSSF Submits its Report to Union Finance Minister Recommends Discontinuation of Kisan Vikas Patra and Continuation of other Schemes with Suitable Modification(s); Recommends Reduction in the Maturity Period of... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Reassessment proceedings u/s.147 read with 148 of the Act cannot be initiated merely based on the audit report Posted: 08 Jun 2011 08:03 PM PDT CIT Versus The Simbhaoli Sugar Mills Limited (Delhi HC) Reassessment proceedings under Section 147 read with 148 of the Act cannot be initiated merely based on the audit report . An audit is principally intended for the purpose of satisfying the... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Income Tax office held guilty of violating 'human rights' for continuing search and Seizure process without any break or interval at odd hours Posted: 08 Jun 2011 08:02 PM PDT In Re Rajendra Singh (Bihar Human Rights Commission)-- The Commission is of the view that the members of the raiding party may take their own time to conclude the search & seizure operations but such operations must be carried out keeping in... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

DIN-1 and DIN-4 to be digitally signed by Practicing CA/CS/CWAs – w.e.f. 12.06.2011 Posted: 08 Jun 2011 08:01 PM PDT The Ministry of Corporate Affairs has decided that with effect from 12th June, 2011, all DIN-1 & DIN-4 applications has to be digitally signed by the practicing Chartered Accountants, Company Secretaries or Cost Accountants who shall also... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Filing of Balance Sheet and Profit and Loss Account in eXtensible Business Reporting Language (XBRL) mode – General Circular 37/2011 Posted: 08 Jun 2011 08:01 PM PDT GENERAL CIRCULAR 37/2011, DATED 7-6-2011 - In supersession of this Ministry's Circular No. 9/2011, dated 31-3-2011 and 25/2011 dated 12-5-2011, Ministry of Corporate Affairs hereby mandated certain class of companies to file Balance sheets and... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Not to give effect to notificataion taxing representation services by CS, CWA ,CA – Delhi HC Posted: 08 Jun 2011 07:56 PM PDT The Department of Revenue, Ministry of Finance vide notification no. 25/2006 dated 13 July 2006 had exempted the professionals ,viz., CS, CWA ,CA from taxable services provided by them in their professional capacity to a client relating to... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Govt sets up panel on black money to suggest ways to trace tax defaulters Posted: 08 Jun 2011 07:27 PM PDT Facing flak from civil society for not doing enough to deal with the menace of black money, the government today announced setting up of another panel to suggest ways to trace tax defaulters, reveal their identity to the public and recover taxes.... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

finance ministry bringing intelligence and criminal investigation units of the Income Tax department under one umbrella Posted: 08 Jun 2011 07:25 PM PDT The finance ministry is bringing under one umbrella the intelligence and criminal investigation units of the Income Tax department to enhance prosecution powers to counter terror financing and check transactions that pose threat to national... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

FM Urges CBEC Officers to Make Sustained and Strategic Efforts to Achieve Revenue Targets for Current Fiscal Year Posted: 08 Jun 2011 06:10 PM PDT Union Finance Minister, Shri Pranab Mukherjee has urged the officers of Central Board of Excise & Customs (CBEC) to make sustained and strategic efforts throughout the year for the realisation of the challenging revenue target of Rs. 3,92, 908... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

French Finance Minister, Chiristine Lagarde calls Pranab Mukherjee for support in IMF Posted: 08 Jun 2011 06:00 PM PDT The French Finance Minister, Ms. Christine Lagarde called on the Union Finance Minister Shri Pranab Mukherjee today as part of her effort to seek support for her candidature to the post of Managing Director, IMF. During her talks, she outlined her... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Extra efforts would be required to achieve tax targets – FM Posted: 08 Jun 2011 05:46 PM PDT Amid fears of moderation in growth, Finance Minister Pranab Mukherjee today said sustained efforts would be needed to achieve indirect tax collection target of Rs 3.92 lakh crore, about 15% more than the last fiscal. The Minister, while addressing... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

ICSI National Award for Excellence in Corporate Governance, 2011 Posted: 08 Jun 2011 05:30 PM PDT The process of organizing the 11th ICSI National Award for Excellence in Corporate Governance 2011 which was instituted in the year 2001 by the Institute of Company Secretaries of India has commenced. The Award aims to identify corporates which best... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Insurance – Report of the Committee on Bancassurance Posted: 08 Jun 2011 09:58 AM PDT The IRDA had constituted a Committee on Bancassurance vide Order No. IRDA/AGENTS/ORD/02/APR 2009, dated May 4, 2009 to study the distribution of insurance products through Banks. The Committee had invited for comments/views from key stakeholders,... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Insurance – IRDA (Scheme of Amalgamation and Transfer of General Insurance Business) Regulations, 2011 Posted: 08 Jun 2011 09:55 AM PDT These regulations may be called the Insurance Regulatory and Development Authority (Scheme of Amalgamation and Transfer of General Insurance Business) Regulations, 2011. They shall come into force on the date of their publication in the official... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

CBDT Sets-up a Committee to Examine And Suggest Ways to Recover Income Tax Demand Posted: 08 Jun 2011 09:49 AM PDT CBDT Sets-up a Committee to Examine And Suggest Ways to Recover Income Tax Demand Classified Under the Categories 'Assessees not Traceable' and 'No Assets/Inadequate Assets for Recovery' In order to examine certain suggestions on Income tax Demand... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

CBI arrests Joint Director of CIB and RC under Ministry of Agriculture in a bribery case Posted: 08 Jun 2011 09:37 AM PDT he Central Bureau of Investigation has today arrested a Joint Director of Central Insecticide Board & Registration Committee, Ministry of Agriculture for demanding & accepting a bribe of Rs.40,000/- from the complainant. The complainant,... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Minimum Export Price of Onions – Notification No. 56 (RE–2010)/2009-2014 Posted: 08 Jun 2011 09:33 AM PDT Notification No 56 (RE – 2010)/2009-2014 Minimum Export Price (MEP) of onions other than Bangalore Rose Onions and Krishnapuram onions will be US$ 200 per Metric Ton F.O.B. It was US$ 170 per Metric Ton as notified on 31.03.2011. There shall be... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Seizure of Fake Indian Currency Notes (FICN) having face value of Rs.1.54 Crores by DRI Posted: 08 Jun 2011 09:30 AM PDT In yet another major success in its fight against the problem of smuggling and circulation of Fake Indian Currency Notes into India, the officials of the Directorate of Revenue Intelligence (DRI) seized FICN having face value of Rs.1.54 Crores in... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

High net-worth individuals wants more self-control over their investment habits, Posted: 08 Jun 2011 05:00 AM PDT ) Despite their wealth, 41 per cent of high net-worth individuals (HNWIs) across the globe wish they had more self-control over their investment habits, a report has revealed. The Barclays Wealth Insights series said that a need for increased... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Discussions on to further liberalise FDI in Multi Brand Retail – Pranab Mukherjee Posted: 08 Jun 2011 04:02 AM PDT Amid suggestions for opening up of multi-brand retail for foreign investments, finance minister Pranab Mukherjee on Wednesday said discussions were on to further liberalise the FDI policy. 'Discussions are underway to further liberalise the FDI... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Home Minister, Shri P. Chidambaram's Statement on Events Concerning Ramdev's Protest Posted: 08 Jun 2011 03:55 AM PDT I acknowledge that individuals and organisations have a right to protest peacefully in a democracy. Police give permission for peaceful protest, after taking into account the overall law and order and security situation. For example, permission was... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

India going through 'transparency revolution' – Antony Posted: 08 Jun 2011 03:48 AM PDT Against the backdrop of agitations demanding more openness and accountability in government functioning, defence minister AK Antony on Wednesday said the country is going through a 'transparency revolution' which can't be stopped 'midway'. 'Country... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

ICAI convocation for Members admitted during the period September, 2010 to February, 2011 Posted: 07 Jun 2011 09:37 PM PDT The Convocation for the newly enrolled Members admitted during the period September, 2010 to February, 2011 will be held as per schedule given below with a view to inculcate a sense of belongingness and attachment with the Institute. [[ This is a content summary only. Visit www.taxguru.in for full article ]]

You are subscribed to email updates from TaxGuru.in - Daily Tax and Corporate Law Update To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610

--
Palash Biswas
Pl Read:
http://nandigramunited-banga.blogspot.com/