Fwd: TaxGuru : “EPFO – Forwarding of Landmark Judgment delivered by the Hon’ble Division Bench of Madhya Pradesh High Court on the issue of considerable components of Basic Wages” plus 9 more

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From: TaxGuru.in - Daily Tax and Corporate Law Update <info@taxguru.in>
Date: Tue, Jun 28, 2011 at 10:01 AM
Subject: TaxGuru : "EPFO – Forwarding of Landmark Judgment delivered by the Hon'ble Division Bench of Madhya Pradesh High Court on the issue of considerable components of Basic Wages" plus 9 more
To: palashbiswaskl@gmail.com

TaxGuru : "EPFO – Forwarding of Landmark Judgment delivered by the Hon'ble Division Bench of Madhya Pradesh High Court on the issue of considerable components of Basic Wages" plus 9 more

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• EPFO – Forwarding of Landmark Judgment delivered by the Hon'ble Division Bench of Madhya Pradesh High Court on the issue of considerable components of Basic Wages
• EPFO – Transfer of funds to the PF trusts subsequent to grant of exemption u/s 17- reg
• How to get registered as a Mutual Fund – SEBI
• Lucky ones to forget Tax filings
• Taxing aviation won't pay, experts warn govt
• Warning against Chinese 'weight reduction' tea in Qatar
• FM urges Chief Ministers to Reduce Levies on Diesel, Kerosene and Domestic LPG
• If the undisclosed income returned is not accepted by the AO and any addition is made to the income so returned, then the assessee will not be entitled to immunity from penalty on the tax payable on the undisclosed income
• Customs Notification issued adding Philippines as A Country Covered under India and ASEAN PTA
• Setting up of Independent Accident Investigation Committee

EPFO – Forwarding of Landmark Judgment delivered by the Hon'ble Division Bench of Madhya Pradesh High Court on the issue of considerable components of Basic Wages Posted: 27 Jun 2011 06:53 PM PDT Please find enclosed herewith a copy of Judgment dated 24.03.2011 in the matter of Montage Enterprises Pvt. Ltd V/s Employees Provident Fund, Indore & one another delivered by the Hon'ble Divisional Bench of Madhya Pradesh High Court Bench at... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

EPFO – Transfer of funds to the PF trusts subsequent to grant of exemption u/s 17- reg Posted: 27 Jun 2011 06:36 PM PDT It has been brought to the notice of the Head Office that, in some case of grant of exemption, funds have not been transferred to the PF trusts, subsequent to the grant of exemption/relaxation, by the Appropriate Authority. It is therefore requested... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

How to get registered as a Mutual Fund – SEBI Posted: 27 Jun 2011 06:20 PM PDT HOW TO GET REGISTERED AS A MUTUAL FUND -SEBI will guide the applicant step by step after getting application for registration as a mutual fund. Normally, all replies are sent within 21 working days from the date of getting each communication from... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Lucky ones to forget Tax filings Posted: 27 Jun 2011 06:31 AM PDT In a major relief in this year's budget, Finance Minister had proposed to exempt salaried class assessees from filing tax returns provided they do not have income from other sources. It was proposed that salary earners having an income of less than... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Taxing aviation won't pay, experts warn govt Posted: 27 Jun 2011 06:25 AM PDT India has come under criticism for imposing fresh taxes on international air travellers in the current budget, with global aviation experts terming it as an easy "financial grab" that would affect the economy in the long run. While taxes provide a... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Warning against Chinese 'weight reduction' tea in Qatar Posted: 27 Jun 2011 06:21 AM PDT Qatar's Supreme Council for Health (SCH) has warned against the use of Dr Ming's Herbal Tea, produced by Chinese Angel Export and Import Company Ltd and used for slimming and weight reduction. SCH's pharmacy and medicine monitoring department said... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

FM urges Chief Ministers to Reduce Levies on Diesel, Kerosene and Domestic LPG Posted: 27 Jun 2011 06:17 AM PDT Union Finance Minister Shri Pranab Mukherjee has urged State Governments to reduce levies on Diesel, Kerosene and Domestic LPG in line with the duty cuts undertaken by Government of India, so as to provide some relief to the common man. In a letter... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

If the undisclosed income returned is not accepted by the AO and any addition is made to the income so returned, then the assessee will not be entitled to immunity from penalty on the tax payable on the undisclosed income Posted: 27 Jun 2011 05:55 AM PDT Added In Income Tax Case Laws CIT v Heera Construction Co Pvt Ltd (High Court of Kerala) – In view of the application of the 2nd proviso, the assessee is not entitled to complete immunity from payment of penalty on the undisclosed income returned by... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Customs Notification issued adding Philippines as A Country Covered under India and ASEAN PTA Posted: 27 Jun 2011 05:22 AM PDT The Department of Revenue, Ministry of Finance had issued Customs Notification No. 40/2011 Customs (N. T.) dated 24th June, 2011 notifying amendments in the Customs Tariff [Determination of Origin of Goods under the Preferential Trade Agreement... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Setting up of Independent Accident Investigation Committee Posted: 26 Jun 2011 09:30 PM PDT The Ministry of Civil Aviation has set up an Independent Accident Investigation Committee on 26.5.2011 to ensure independent, fair and transparent investigation of accidents. This Committee will work under oversight of Ministry of Civil Aviation.... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

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Palash Biswas
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