Fwd: TaxGuru.in : Legal & Tax Updates

---------- Forwarded message ----------
From: LEGAL & FINANCIAL UPDATES FROM TAX GURU <info@taxguru.in>
Date: Sat, Dec 11, 2010 at 9:37 AM
Subject: TaxGuru.in : Legal & Tax Updates
To: palashbiswaskl@gmail.com

TaxGuru.in : Legal & Tax Updates

---

• ICWAI President S Message Of December 2010
• India As The Next Favourite Destination For FDI
• Convergence Of Indian Accounting Standards With International Financial Reporting Standards Achieving Convergence In A
• Assocham Asks For Exemption From Service Tax On Rentals
• Satyam Case- Court Records Statements Of 2 Govt Officials
• Foreign Remittances - The Way To Evade Tax
• 52nd National Cost Convention - 2011
• RBI Draft Guidelines For New Bank Licences In January
• Reserve Bank Of India Ups Deposit Rates By Up To 1 75
• Non-Banking Financial Companies NBFC To Finalize Its Balance Sheet Within 3 Months From End Of The Financial Year
• Easy Exit Scheme 2011 One More Opportunity To Defunct Companies
• Proposed Legal Practitioners Act 2010 May Further Worsen The Situation
• No Remission Of Liability On Settlement Of Deferred Sales Tax Liability At Net Present Value
• Tribunal Rules That Maintenance Of Software Would Be Liable To Service Tax Only From 16 May 2008
• Rajasthan VAT Return E-filing Dealers Having Turnover More Than Rs 50 Lacs In The F Y 2009-10 Are Liable To File VAT Return Electronically
• Insurance - Policy Guidelines For Sharing Of Information
• StCBs DCCBs - Know Your Customer Guidelines - Salaried Employees
• Financial Inclusion By Extension Of Banking Services Use Of Business Correspondents Business Facilitators By Urban Co-operative Banks
• E-mail Id 8217s ICAI
• PPT File On Critical Aspects To Be Considered By An Auditor For Conducting MVAT Audit For FY 2009-10

ICWAI President S Message Of December 2010 Posted: 11 Dec 2010 01:08 AM PST Work hard to get what you like otherwise you will be forced to like what you get - Anonymous nbsp My Dear Professional Colleagues nbsp In these exciting times when prowess of Indian economy has been acknowledged by no les [[ This is a content summary only. Visit www.taxguru.in for full article ]]

India As The Next Favourite Destination For FDI Posted: 11 Dec 2010 01:04 AM PST India is projected to become the second most attractive destination for FDI in 2010-12 as per UNCTAD s World Investment Report 2010 The projection made in the report is based on the survey conducted among Trans National Corpora [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Convergence Of Indian Accounting Standards With International Financial Reporting Standards Achieving Convergence In A Posted: 11 Dec 2010 12:32 AM PST Ministry of Corporate Affairs Convergence of Indian Accounting Standards with International Financial Reporting Standards Achieving convergence in a phased manner with effect from 1st April 2011 nbsp As a part of the [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Assocham Asks For Exemption From Service Tax On Rentals Posted: 10 Dec 2010 02:46 PM PST Industry body Assocham on Thursday asked the government to provide exemption or concession on service tax on rentals to help the retail sector besides scrapping the levy on dividend received by a subsidiary of a company Representa [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Satyam Case- Court Records Statements Of 2 Govt Officials Posted: 10 Dec 2010 02:43 PM PST A special court conducting trial in the multi-crore accounting fraud in Satyam Computers here today recorded the statements of two state government officials while a banker was cross-examined nbsp A sub-registrar official D Vasude [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Foreign Remittances - The Way To Evade Tax Posted: 10 Dec 2010 02:33 PM PST As overseas remittances continue to jump the Comptroller and Auditor General CAG is concerned that the tax collections have not matched the growth in foreign exchange earnings amid fears that some of these transactions may have c [[ This is a content summary only. Visit www.taxguru.in for full article ]]

52nd National Cost Convention - 2011 Posted: 10 Dec 2010 05:04 AM PST Theme New Enterprise Challenges- Sustainability amp Value Creation On 6th 7th amp 8th January 2011 at Le Royal Meridien 1 GST Road St Thomas Mount Chennai - 600016 Dear Sir Madam We have pleasure to inform you that the [[ This is a content summary only. Visit www.taxguru.in for full article ]]

RBI Draft Guidelines For New Bank Licences In January Posted: 10 Dec 2010 05:02 AM PST The Reserve Bank of India RBI will release the draft guidelines for new bank licences by the end of January its chief said here on Thursday RBI Governor Duvvuri Subbarao told reporters after the apex bank s board meeting that it h [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Reserve Bank Of India Ups Deposit Rates By Up To 1 75 Posted: 10 Dec 2010 05:00 AM PST Public sector Reserve Bank of India today said it has upped interest rates on its domestic term deposits by up to 1 75 per cent The upward revision is with effect from today the bank said in a press release issued here For deposit [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Non-Banking Financial Companies NBFC To Finalize Its Balance Sheet Within 3 Months From End Of The Financial Year Posted: 11 Dec 2010 01:23 AM PST RBI has amended the Non-Banking Financial Deposit Accepting Companies Prudential Norms Directions 2007 and Non-Banking Financial Non-Deposit Accepting Companies Prudential Norms Directions 2007 requiring every NBFCs to finaliz [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Easy Exit Scheme 2011 One More Opportunity To Defunct Companies Posted: 11 Dec 2010 01:16 AM PST Ministry of Corporate Affairs MCA Government of India had introduced Easy Exit Scheme 2010 EES 2010 under the Companies Act 1956 the Act to provide a fast track exit for defunct companies to get their names struck off [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Proposed Legal Practitioners Act 2010 May Further Worsen The Situation Posted: 10 Dec 2010 08:00 AM PST I have read the proposed Legal Practitioners Act 2010 and the object may appear to be good but it will create so many problems and further damage the profession When it comes improving the legal system the unfortunate thing is tha [[ This is a content summary only. Visit www.taxguru.in for full article ]]

No Remission Of Liability On Settlement Of Deferred Sales Tax Liability At Net Present Value Posted: 11 Dec 2010 01:21 AM PST A recent decision of the Special Bench SB of the Mumbai Income Tax Appellate Tribunal Tribunal AIT-2010-503-ITAT in the case of Sulzer India Ltd Taxpayer on the issue of whether settlement of deferred sales tax liability unde [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Tribunal Rules That Maintenance Of Software Would Be Liable To Service Tax Only From 16 May 2008 Posted: 11 Dec 2010 01:12 AM PST The Tribunal ruled that maintenance of software which is in the nature of upgradation or enhancement would be covered under the definition of Information Technology Software Service ITSS with effect from 16 May 2008 [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Rajasthan VAT Return E-filing Dealers Having Turnover More Than Rs 50 Lacs In The F Y 2009-10 Are Liable To File VAT Return Electronically Posted: 11 Dec 2010 12:12 AM PST GOVERNMENT OF RAJASTHAN COMMERCIAL TAXES DEPARTMENT NOTIFICATION Jaipur dated December 08 2010 F16 375 TAX VAT CCT 06 1710 In exercise of the powers conferred by the sub-rule 7 of rule 19 of the Rajasthan Value Added Tax Rules 2 [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Insurance - Policy Guidelines For Sharing Of Information Posted: 10 Dec 2010 11:00 PM PST Insurance - Policy Guidelines for Sharing of Information IRCULAR NO IRDA F amp I CIR GLD 202 12 2010 DATED 8-12-2010 A Introduction With the increasing integration with the international financial markets and the growing inte [[ This is a content summary only. Visit www.taxguru.in for full article ]]

StCBs DCCBs - Know Your Customer Guidelines - Salaried Employees Posted: 10 Dec 2010 03:08 PM PST RBI 2010 -11 307 nbsp RPCD CO RCB AML BC No 37 07 40 00 2010-11 nbsp nbsp December 10 2010 nbsp The Chief Executives of all State and Central Co-operative Banks nbsp Dear Sir nbsp Know Your Customer KYC gui [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Financial Inclusion By Extension Of Banking Services Use Of Business Correspondents Business Facilitators By Urban Co-operative Banks Posted: 10 Dec 2010 03:04 PM PST RBI 2010-11 308 UBD BPD PCB Cir No 28 09 18 300 2010-11 December 10 2010 The Chief Executive Officers of All Urban Co-operative Banks Dear Sir Madam Financial Inclusion by Extension of Banking Services Use o [[ This is a content summary only. Visit www.taxguru.in for full article ]]

E-mail Id 8217s ICAI Posted: 09 Dec 2010 11:11 PM PST Email Id 8217s for The Institute od chartered Accountants of India [[ This is a content summary only. Visit www.taxguru.in for full article ]]

PPT File On Critical Aspects To Be Considered By An Auditor For Conducting MVAT Audit For FY 2009-10 Posted: 09 Dec 2010 08:47 PM PST PPT File on critical aspects to be considered by an Auditor for conducting MVAT Audit for FY 2009-10 Thanks Regards CA M B Abhyankar [[ This is a content summary only. Visit www.taxguru.in for full article ]]

You are subscribed to email updates from LEGAL & FINANCIAL UPDATES FROM TAX GURU 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/