Fwd: TaxGuru.in : Legal & Tax Updates

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From: LEGAL & FINANCIAL UPDATES FROM TAX GURU <info@taxguru.in>
Date: Sat, Nov 20, 2010 at 9:44 AM
Subject: TaxGuru.in : Legal & Tax Updates
To: palashbiswaskl@gmail.com

TaxGuru.in : Legal & Tax Updates

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• Govt Admits Irregularities In Rice Exports
• Sebi May Introduce Flat Fee Of 1 5 For Equity Mutual Fund Schemes
• Plan Your Home Loan Payment Schedule To Take Maximum Tax Benefit
• Pesticide Content - Supreme Court Quashes Action Against Pepsi
• India Writes To 78 Countries For Amending Existing Tax Treaties And Examining Black Money Estimate Reports
• Greater Mohali Area Development Authority GMADA Under Income Tax Scanner
• Government Aiming At Double Digit GDP Growth In Medium Term-FM
• Savings Rate Is Likely To Rise Further- FM
• National Pension Scheme For Poor Persons
• PPN Scheme In Health Insurance
• 135 Multinational Pharma Companies Operating In India
• IRDA Gives Clean Chit To LIC In Transfer Of Profits Case
• Govt May Ask New Telecom Operators To Pay More To Compensate Loss
• No Plans To Invest General Provident Fund In Stock Market- Finmin
• RBI Scrutinising IPL Related Transactions Of Banks
• Invest For Longer Term In Consumer
• Transfer Pricing Constitutional Validity Of Provisions S 92 92A
• Exempts Goods In Relation To Generation Of Power Using Non-conventional Materials - Relaxation To Projects Promoted By States
• Antidumping Duty On Import Of Bias Tyres Tubes And Flaps Originating In Or Exported From People S Republic Of China China PR And Thailand
• Notification No 34 2010 - Central Excise- Amends Notification No 33 2005 CE Dated 8-9-2001
• RBi Adivises Bank To Disclose All Information Relating To Processing Fees Charges
• Form 24 In Excel Format For Quarterly Statement Of Income Tax Deposit
• Form 27A In Excel Format For Income Tax Annual Statement
• Guess Your Income Tax For Financial Year 2010-2011
• Salary Statement Form 16 ITR-I 10E For All Employees Fy 10-11

Govt Admits Irregularities In Rice Exports Posted: 20 Nov 2010 01:14 AM PST Admitting irregularities in non-basmati rice exports to some African countries during UPA-I tenure government on Friday said it has referred the matter to the Central Vigilance Commission CVC ... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Sebi May Introduce Flat Fee Of 1 5 For Equity Mutual Fund Schemes Posted: 20 Nov 2010 01:11 AM PST The Securities and Exchange Board of India Sebi is likely to lower the cap on mutual fund expenses At present fund houses can charge up to 2 5 of average assets for equity schemes and 2 25 ... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Plan Your Home Loan Payment Schedule To Take Maximum Tax Benefit Posted: 20 Nov 2010 01:09 AM PST Plan your Home Loan Payment Schedule to take maximum tax benefit Partial or full prepayment makes sense but only in some cases When Jabalpur resident Mahavir Ojha received Rs 80 lakhs from... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Pesticide Content - Supreme Court Quashes Action Against Pepsi Posted: 20 Nov 2010 12:58 AM PST Company argued it was following globally accepted norms nbsp The Supreme Court on Friday quashed the prosecution of soft drink giant PepsiCo by the Kerala government over the pesticide content found... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

India Writes To 78 Countries For Amending Existing Tax Treaties And Examining Black Money Estimate Reports Posted: 19 Nov 2010 01:58 PM PST India has begun the trail for money allegedly stashed away in secret bank accounts in tax havens Finance minister Pranab Mukherjee on Friday told delegates at the Hindustan Times Leadership Summit... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Greater Mohali Area Development Authority GMADA Under Income Tax Scanner Posted: 19 Nov 2010 01:48 PM PST The Greater Mohali Area Development Authority GMADA came under the scanner of Income Tax I-T department on Wednesday A team of I-T sleuths headed by Assistant Commissioner Preneet Suri ... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Government Aiming At Double Digit GDP Growth In Medium Term-FM Posted: 19 Nov 2010 01:45 PM PST One Trillion US Dollar Required for Infrastructure Sector FM Financial Sector Legislative Reforms Commission to be Set up to Clean up Financial Sector Laws FMnion Finance Minister Shri Pranab... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Savings Rate Is Likely To Rise Further- FM Posted: 19 Nov 2010 01:41 PM PST Arrival of India s Corporations in Global Market Place is Optimistic Prognosis for the Economy FMUnion Finance Minister Shri Pranab Mukherjee has expressed confidence that we are in a position... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

National Pension Scheme For Poor Persons Posted: 19 Nov 2010 01:37 PM PST The Interim Pension Fund Regulatory and Development Authority PFRDA has authorized 40 institutions including public sector banks private banks and the Department of Posts as Points of Presence... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

PPN Scheme In Health Insurance Posted: 19 Nov 2010 01:35 PM PST The Cashless Medical Insurance is provided by the Public Sector General Insurance Companies PSGICs through Third Party Administrators TPAs However the health insurance portfolio is... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

135 Multinational Pharma Companies Operating In India Posted: 19 Nov 2010 01:29 PM PST The Minister for Corporate Affairs has said that as per information available in his Ministry 135 Multinational Pharma companies are operating in India through their subsidiaries Giving this... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

IRDA Gives Clean Chit To LIC In Transfer Of Profits Case Posted: 19 Nov 2010 12:05 PM PST Insurance regulator IRDA today gave a clean chit to Life Insurance Corporation of India the largest insurance company in India in the case of alleged violation of rules pertaining to transfer of... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Govt May Ask New Telecom Operators To Pay More To Compensate Loss Posted: 19 Nov 2010 12:01 PM PST Embroiled in a controversy over distributing spectrum cheap the government may ask the new telecom operators to pay an additional amount over and above the Rs 1 651 crore they have already paid... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

No Plans To Invest General Provident Fund In Stock Market- Finmin Posted: 19 Nov 2010 11:59 AM PST The Centre today said in the Lok Sabha that it does not intend to invest the provident fund of government employees estimated at Rs 83 363 crore in stock market Minister of State for Finance Namo... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

RBI Scrutinising IPL Related Transactions Of Banks Posted: 19 Nov 2010 11:57 AM PST The government today said the Reserve Bank is scrutinising IPL related transactions of certain banks to check compliance under the foreign exchange rules The Reserve Bank of India RBI has... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Invest For Longer Term In Consumer Posted: 19 Nov 2010 11:56 PM PST The ultimate objective of all production is consumption for the satisfaction of varied needs of man A free market economy provides freedom to the consumers to buy and consume goods of their... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Transfer Pricing Constitutional Validity Of Provisions S 92 92A Posted: 19 Nov 2010 11:25 AM PST In Coca Cola India Inc vs ACIT 309 ITR 194 the P H High Court upheld the constitutional validity of Chapter X laid down far-reaching principles on the applicability of transfer pricing provisions... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Exempts Goods In Relation To Generation Of Power Using Non-conventional Materials - Relaxation To Projects Promoted By States Posted: 20 Nov 2010 12:38 AM PST Amends notification no 81 2005 Cus dated 8-9-2005 - Exempts goods in relation to generation of power using non-conventional materials - relaxation to projects promoted by states nbsp ... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Antidumping Duty On Import Of Bias Tyres Tubes And Flaps Originating In Or Exported From People S Republic Of China China PR And Thailand Posted: 20 Nov 2010 12:34 AM PST Anti dumping duty on import of bias tyres tubes and flaps falling under tariff items 4011 20 90 4013 10 20 and 4012 90 49 of the First Schedule to the Customs Tariff Act 1975 51 of 1975 ... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Notification No 34 2010 - Central Excise- Amends Notification No 33 2005 CE Dated 8-9-2001 Posted: 20 Nov 2010 12:02 AM PST Amends notification no 33 2005 CE dated 8-9-2001 - Exempts goods in relation to generation of power using non-conventional materials - relaxation to projects promoted by statesNotification No 34... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

RBi Adivises Bank To Disclose All Information Relating To Processing Fees Charges Posted: 19 Nov 2010 02:07 PM PST Disclosing all information relating to processing fees chargesRBI 2010-11 285RPCD CO RF BC No 29 07 38 01 2010-11November 19 2010All State Co-operative Banks StCBs andCentral Co-operative Banks ... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Form 24 In Excel Format For Quarterly Statement Of Income Tax Deposit Posted: 18 Nov 2010 10:38 PM PST Form No 24 in Excel Format for Quarterly Statement of Income Tax TDS For unlocked this File please Mail me pranab banerjee83 gmail com [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Form 27A In Excel Format For Income Tax Annual Statement Posted: 18 Nov 2010 10:36 PM PST Form No 27A in excel Format for annual statement If you have need this Sheet as unlocked please Mail me pranab banerjee83 gmail com [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Guess Your Income Tax For Financial Year 2010-2011 Posted: 18 Nov 2010 10:34 PM PST Guess your Income Tax which will be paid in financial year 2010-2011 if you have need this Calculation software as unlocked please mail me pranab banerjee83 gmail com or bpranab78 yahoo com [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Salary Statement Form 16 ITR-I 10E For All Employees Fy 10-11 Posted: 18 Nov 2010 10:31 PM PST Income Tax Calculation for financial year 2010-2011 for all employees If you have need this Software which made simple Excel for unlocked the software please mail me pranab banerjee83 gmail com [[ This is a content summary only. Visit www.taxguru.in for full article ]]

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