Fwd: TaxGuru.in : Legal & Tax Updates

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From: LEGAL & FINANCIAL UPDATES FROM TAX GURU <info@taxguru.in>
Date: Tue, Sep 21, 2010 at 9:42 AM
Subject: TaxGuru.in : Legal & Tax Updates
To: palashbiswaskl@gmail.com

TaxGuru.in : Legal & Tax Updates

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• Labour Laws Amendment Bill To Exempt Unit Upto 40 Workers
• ICAI S New Role Helps Indian Cos Take On MNC Giants
• CA Bansi Mehta Wants Winding Up Of New India Assurance
• Tennis Star Claims He Paid Fees To His Dad
• Direct Tax Code Capital Gain Taxation
• No Third-party Cheques For Mutual Fund Investments
• Govt To Decide On 3rd Revised Draft For GST After States Meet
• Next Sebi Chief S Salary Only A Fraction Of CEOs
• Sharp Cut In Tax Refund Rates To Affect Jobs Exports
• Finmin Report Calls For Lifting Curb On Wheat Exports
• How To Check Your TDS TCS Tax Credit In Form 26AS And Reason For Mismatch
• Criticising Higher Judiciary And Contempt
• In-bound Cross Border Money Transfer Service Exclusivity Arrangements
• Central Action Plan - Identification Of Cases For Scrutiny Through Manual Selection For The Year 2010-11

Labour Laws Amendment Bill To Exempt Unit Upto 40 Workers Posted: 20 Sep 2010 07:40 AM PDT The Union Cabinet today approved withdrawal of Labour Laws Exemption from Furnishing Returns and Maintaining Registers by Certain Establishments Amendment and Miscellaneous Provisions Bill 2005 from Rajya Sabha and intr [[ This is a content summary only. Visit www.taxguru.in for full article ]]

ICAI S New Role Helps Indian Cos Take On MNC Giants Posted: 20 Sep 2010 07:29 AM PDT Accounting regulator Institute of Chartered Accountants of India is arranging easy financing schemes for its members through public sector banks as it looks to help domestic audit firms enhance infrastructure and resource base to w [[ This is a content summary only. Visit www.taxguru.in for full article ]]

CA Bansi Mehta Wants Winding Up Of New India Assurance Posted: 20 Sep 2010 07:16 AM PDT Peeved by rejection of claim top Chartered Accountant Bansi Mehta wants winding up of New India Assurance Despite winning a case against the insurer at a Consumer Forum Mr Mehta s claims still remain to be settled If the i [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Tennis Star Claims He Paid Fees To His Dad Posted: 20 Sep 2010 07:09 AM PDT Mahesh Bhupathi best known for his winning ways on court has claimed that he had reimbursed his tennis-trainer father C G Krishna Bhupathi the Rs 28 5 lakh he spent on him for the period 1989-90 and 1993-94 four years in tot [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Direct Tax Code Capital Gain Taxation Posted: 20 Sep 2010 05:44 AM PDT Indian-listed shares -Long-term capital gains on transfer of the above securities where securities transaction tax is payable would continue to be eligible for a 100 deduction and remain exempt from tax The DTC has reduced [[ This is a content summary only. Visit www.taxguru.in for full article ]]

No Third-party Cheques For Mutual Fund Investments Posted: 20 Sep 2010 05:35 AM PDT Next time you are investing in mutual funds make sure you issue a cheque from your own bank account as fund houses will soon start rejecting third-party payments The move is part of efforts to check fraudulent activities by mut [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Govt To Decide On 3rd Revised Draft For GST After States Meet Posted: 20 Sep 2010 05:13 AM PDT The Finance Ministry will decide on whether to bring out yet another revised draft of the Constitutional Amendment Bill needed for the roll out of the new indirect taxes regime GST after it has received inputs from state finance [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Next Sebi Chief S Salary Only A Fraction Of CEOs Posted: 20 Sep 2010 05:11 AM PDT Hundreds of listed companies regulated by SEBI may be paying crores of rupee in a year as salary to their CEOs but the next chief of the market watchdog is going to get only Rs 3 lakh a month The government has proposed a consolid [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Sharp Cut In Tax Refund Rates To Affect Jobs Exports Posted: 20 Sep 2010 05:09 AM PDT Upset over sharp reduction in the rates of duty drawback or tax refund exporters today said the move will have adverse impact on employment in sectors like apparel leather handicraft and metal Reduction of drawback for appa [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Finmin Report Calls For Lifting Curb On Wheat Exports Posted: 20 Sep 2010 05:07 AM PDT The Finance Ministry has pitched for lifting curbs on wheat exports so that India could take advantage of the crop s scarcity in the global market due to production loss in countries like Russia and Pakistan India could make use of [[ This is a content summary only. Visit www.taxguru.in for full article ]]

How To Check Your TDS TCS Tax Credit In Form 26AS And Reason For Mismatch Posted: 20 Sep 2010 06:16 AM PDT nbsp nbsp nbsp Deductor has wrongly quoted the challan details in the return against which your TDS TCS was deposited nbsp nbsp Deductor has provided correct challan details in TDS TCS return but bank has made error wh [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Criticising Higher Judiciary And Contempt Posted: 20 Sep 2010 04:13 AM PDT We have listened to many vague and general comments in the recent past criticizing judiciary and also going to the extent of leveling serious corruption allegations nbsp Even News Channels debated the integrity of some judges a [[ This is a content summary only. Visit www.taxguru.in for full article ]]

In-bound Cross Border Money Transfer Service Exclusivity Arrangements Posted: 20 Sep 2010 05:03 AM PDT It has come to our notice that certain Overseas Entities who are authorized by the Reserve Bank of India under the Payment and Settlement System Act 2007 to operate in-bound cross border money transfer services through agents ap [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Central Action Plan - Identification Of Cases For Scrutiny Through Manual Selection For The Year 2010-11 Posted: 20 Sep 2010 02:02 AM PDT Central Action Plan - Identification of cases for scrutiny through manual selection for the year 2010-11 [[ This is a content summary only. Visit www.taxguru.in for full article ]]

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