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Tuesday, December 7, 2010

Fwd: TaxGuru.in : Legal & Tax Updates



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From: LEGAL & FINANCIAL UPDATES FROM TAX GURU <info@taxguru.in>
Date: Tue, Dec 7, 2010 at 3:39 PM
Subject: TaxGuru.in : Legal & Tax Updates
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TaxGuru.in : Legal & Tax Updates

Link to LEGAL & FINANCIAL  UPDATES FROM TAX GURU

Empanelment Of Chartered Accountant Firms For Implementation Of Accrual Based Double Entry Accounting System

Posted: 07 Dec 2010 04:38 AM PST


Find attached Request for Proposal for Empanelment of Chartered Accountant Firms for Implementation of Accrual Based Double Entry Accounting System in 159 Municipalities of Gujarat City Managers Association Gujarat on behalf of GM

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Each Unique ID Number Costs Rs 100- Nilekani

Posted: 07 Dec 2010 02:50 AM PST


It costs the Unique Identification Authority of India UIDAI Rs 100 to generate each aadhaar number which will help address the challenges of inclusion the authority s chief Nandan Nilekani said here Thursday It costs the authori

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India To Look For Secret Bank Accounts In Tax Havens

Posted: 07 Dec 2010 02:46 AM PST


India has begun its search for the trail for money stashed away in secret bank accounts in tax havens in a bid to get to the source of funds of investors in the firms that were granted telecom licences and scarce 2G spectrum at all

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SC Issues Notice To Finance Ministry On Loan Write-offs

Posted: 07 Dec 2010 02:44 AM PST


The Supreme Court has issued a notice to the Union finance ministry in connection with a PIL saying there have been no guidelines by the ministry and the Reserve Bank of India RBI while writing off loans by banks and the debts rec

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SBI Hikes Deposit Rates Up To One And Half Percent

Posted: 07 Dec 2010 02:41 AM PST


Country s largest lender State Bank of India SBI today raised deposit rates by up to 150 basis points or 1 5 per cent across various maturities a move that will provide better returns to people with fixed deposits in the bank The

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No Tax On Additional Interest On EPF Money

Posted: 07 Dec 2010 02:36 AM PST


The additional quantum of interest on Employees Provident Fund deposits would be exempted from income tax the Lok Sabha was informed today nbsp The provident fund trustees had on September 15 decided to raise the EPF interest rate

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Discrepancies Noted By Peer Reviewers-ICAI

Posted: 07 Dec 2010 02:33 AM PST


Peer Review is directed towards maintenance and enhancement of quality of attestation services and to provide guidance to members to improve their performance and adhere to various statutory and other regulatory requirements Essent

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Finmin- IFRS Only On Consolidated Accounts Of Corporate Groups

Posted: 07 Dec 2010 02:15 AM PST


The finance ministry has taken the view that the International Financial Reporting Standards IFRS needs to be adopted only on consolidated accounts of corporate groups as is the practice in Europe It feels the proposed fair-valu

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SBI Hikes Interest Rates On Deposits By 50-150 Bps

Posted: 07 Dec 2010 02:14 AM PST


State Bank of India SBI has revised the interest rates on term deposits with maturities ranging from 15 days to 10 years upwards These revised rates will be effective from tomorrow that is December 7 The hike will be in the range o

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ASIC Accepts Enforceable Undertaking From Auditor Of Failed Allco Financial Group Limited

Posted: 07 Dec 2010 02:13 AM PST


ASIC has accepted an enforceable undertaking EU from KPMG Sydney auditor Mr Christopher Neville Whittingham nbsp The EU follows an investigation into Mr Whittingham s conduct in relation to his audit of the financial report of

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ESCI Announcement Regarding Online Generation Of Payment Challan And SBI Branches Accepting Conventional Challans

Posted: 07 Dec 2010 02:11 AM PST


All of our esteemed Employers may kindly take note that a host of online services are now available through the applications portal www esic in In order to enable Employers to avail of these services log in id and passwords have a

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GST Meet Likely To Be Delayed States Want More Time

Posted: 07 Dec 2010 02:00 AM PST


Introduction of a Goods and Services Tax GST could be delayed further with the Centre and the states failing to reach common ground at the meeting of the Empowered Committee of state finance ministers today The meeting was attende

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Life Insurance Cos Ask IRDA To Go Slow On Regulatory Changes

Posted: 07 Dec 2010 01:52 AM PST


Concerned about the fast pace of regulatory changes being brought into the sector the life insurance industry has approached sector regulator IRDA to go slow in its approach sources said In turn the Insurance Regulatory and Developm

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Sebi Asks MFs To Disclose Get Physical Verification Of Gold Underlying The Gold ETF Done By Statutory Auditors

Posted: 07 Dec 2010 01:50 AM PST


Market regulator Sebi today directed mutual funds to disclose whether money collected for gold- focused schemes was actually invested in the precious metal It has been decided that physical verification of gold underlying the Gold ET

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PFRDA Decides To Take Measuresfor To Attract Voluntary Subscribers For New Pension Scheme NPS

Posted: 07 Dec 2010 01:49 AM PST


Five months after taking charge as head of the Pension Fund Regulatory and Development Authority PFRDA Yogesh Agarwal has decided to take measures to fix problems plaguing the New Pension Scheme NPS which has failed to att

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How To Go Ahead With The Legal Reforms In India And The Connected Issues

Posted: 06 Dec 2010 06:32 AM PST


Whenever one talks about the judicial reforms the corruption the technicalities costs and the unreasonable delay in courts there are people and professionals saying that the situation is getting exaggerated There is a total confus

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Case Of Impersonation Against CA

Posted: 07 Dec 2010 02:29 AM PST


A chartered accountant who is not a member of the Institute of Chartered Accountants of India but impersonating as one can be charged under the Indian Penal Code or under other laws for offences the Supreme Court stated while allowing

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Anti Dumping Duty On Parts Components Of Compact Fluorescent Lamps CFL From China And Hong Kong As Per Customs Notification No 138 2002-Customs Dated 10 12 2002 Regarding

Posted: 07 Dec 2010 05:27 AM PST


nbsp Circular No 43 2010-Customs 6th December 2010 nbsp Subject - nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp Anti Dumping Duty on parts components of Compact Fluorescent Lamps CFL from China and Hong Kong as per Cu

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SEBI Asks For Physical Verification Of Gold Underlying The Gold ETF Units By Statutory Auditors Of Mutual Fund Schemes And Reporting To Trustees On Half Yearly Basis

Posted: 07 Dec 2010 05:18 AM PST


Cir IMD DF 20 2010 nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp December 06 2010 nbsp All Mutual Funds Asset Management Companies AMCs Trustee Companies Boards of Trustees of Mutual Funds nbsp Dear Sir Madam nbsp

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RRBs - Opening Of Bank Accounts - Salaried Employees - RBI 2010-11 298

Posted: 07 Dec 2010 05:11 AM PST


RBI 2010-11 298 RPCD CORRB AML BC No 31 03 05 33 E 2010-11 December 06 2010 Please refer to our circular RPCD No RRB BC 81 03 05 33 E 2004-05 dated February 18 2005 on Know Your Customer KYC Guidelines Anti

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Issuance Of Non-Convertible Debentures NCDs - Circular No RBI 2010-11 299

Posted: 07 Dec 2010 05:08 AM PST


RBI 2010-11 299 IDMD PCD No 24 14 03 03 2010-11 nbsp December 06 2010 nbsp A reference is invited to the Issuance of Non-Convertible Debentures Reserve Bank Directions 2010 dated June 23 2010 issued vide circular IDMD D

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NOTIFICATION NO 81 2010- Section 35AC 1 Read With Explanation B Thereto Of The Income-tax Act 1961 - Eligible Projects Or Schemes Expenditure On - Notified Eligible Projects Or Schemes - Amendment In Notification No S O 2370 E Dated 23-10-2008

Posted: 07 Dec 2010 04:18 AM PST


NOTIFICATION NO 81 2010- Section 35AC 1 read with Explanation b thereto of the Income-tax Act 1961 - Eligible projects or schemes expenditure on - Notified eligible projects or schemes - Amendment in Notification No S O 2

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Notification No 79 2010- Section 35AC 1 Read With Explanation B Thereto Of The Income-tax Act 1961 - Eligible Projects Or Schemes Expenditure On - Notified Eligible Projects Or Schemes

Posted: 07 Dec 2010 04:15 AM PST


Notification No 79 2010- Section 35AC 1 read with Explanation b thereto of the Income-tax Act 1961 - Eligible projects or schemes expenditure on - Notified eligible projects or schemes NOTIFICATION NO 79 2010 F NO V-2

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NOTIFICATION NO 80 2010 - Section 35AC 1 Read With Explanation B Thereto Of The Income-tax Act 1961 - Eligible Projects Or Schemes Expenditure On - Notified Eligible Projects Or Schemes

Posted: 07 Dec 2010 04:07 AM PST


NOTIFICATION NO 80 2010 - Section 35AC 1 read with Explanation b thereto of the Income-tax Act 1961 - Eligible projects or schemes expenditure on - Notified eligible projects or schemes NOTIFICATION NO 80 2010 F NO V

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NOTIFICATION NO 78 2010 - Section 35AC 1 Read With Explanation B Thereto Of The Income-tax Act 1961 - Eligible Projects Or Schemes Expenditure On - Notified Eligible Projects Or Schemes

Posted: 07 Dec 2010 03:13 AM PST


NOTIFICATION NO 78 2010 - Section 35AC 1 read with Explanation b thereto of the Income-tax Act 1961 - Eligible projects or schemes expenditure on - Notified eligible projects or schemes NOTIFICATION NO 78 2010 F NO V

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Notification No 77 2010 - Section 35AC 1 Read With Explanation B Thereto Of The Income-tax Act 1961 - Eligible Projects Or Schemes Expenditure On - Notified Eligible Projects Or Schemes

Posted: 07 Dec 2010 03:11 AM PST


Notification No 77 2010 - Section 35AC 1 read with Explanation b thereto of the Income-tax Act 1961 - Eligible projects or schemes expenditure on - Notified eligible projects or schemes NOTIFICATION NO 77 2010 F NO V

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SEZ -Clarification On Execution Of Bond-cum-Legal Undertaking By The SEZ Developer Or SEZ Unit In Terms Of Rule 22 1 Iv Of The SEZ Rules 2006

Posted: 07 Dec 2010 03:01 AM PST


SEZ -Clarification on execution of Bond-cum-Legal Undertaking by the SEZ Developer or SEZ Unit in terms of rule 22 1 iv of the SEZ Rules 2006 INSTRUCTION NO 72 DATED 30-11-2010 The undersigned is directed to say that the

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SEBI Notifies -No Preferential Allotment To Promoter For 1 Year On Warrant Failure Retail IPO Investment Limit Upto 2 Lakhs Advertise Filing Of Offer Documents Uniform Allotment In IPO Companies To Decide Whether Partly Fully Paid Shares

Posted: 07 Dec 2010 02:56 AM PST


SEBI notifies -No preferential allotment to promoter for 1 year on warrant failure Retail IPO Investment Limit upto 2 lakhs Advertise filing of offer documents Uniform allotment in IPO Companies nbsp to decide whether partly fu

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Easy Exit Scheme Back For Closure Of Defunct Companies- Applicable From 1st January To 31st January 2011

Posted: 07 Dec 2010 02:50 AM PST


Ministry has decided to introduce a Scheme namely Easy Exit Scheme 2011 under Section 560 of the Companies Act 1956 to give an opportunity to the defunct companies for getting their names struck off from the Register of Compan

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

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