LEGAL & FINANCIAL UPDATES 30.04.2009

UPDATES FROM TAX GURU ICAI issued notices to E&Y, Deloitte Posted: Thu, 30 Apr 2009 01:59:54 +0000 Two other big four accounting firms have received a letter from the accounting regulator, the Institute of Chartered Accountants of India (ICAI). According to sources, the ICAI has written to...   ICAI extended due date for completion of 100 Hours IT training Posted: Wed, 29 Apr 2009 07:53:20 +0000 Removing difficulties being faced by the students for successfully completing 100 Hours Information Technology Training before the commencement of June, 2009 Professional Competence Examination.  It...   For faster processing of Income Tax Refunds IT dept coming with Central Processing centre in Hyderabad Posted: Wed, 29 Apr 2009 07:49:57 +0000 Income tax assesseess may soon hope to get their refund amounts earlier than they are used to now. The income tax department will be coming up with a central processing centre in Hyderabad, which may...   RBI Circular on Buyback / Prepayment of Foreign Currency Convertible Bonds (FCCBs) Posted: Wed, 29 Apr 2009 05:24:32 +0000 RBI/2008-09/461,   (A. P. (DIR Series) Circular No 65, Dated :April 28,  2009)   Attention of Authorised Dealer Category - I (AD Category - I) banks is invited to A.P.(DIR Series) Circular No....   Foreign Exchange Management (Deposit) Regulations, 2000-Loans to Non Residents / third party against security of Non Resident (External) Rupee Accounts [NR (E) RA / Foreign Currency Non Resident (Bank) Accounts [FCNR(B)] -Deposits Posted: Wed, 29 Apr 2009 05:21:42 +0000   RBI/2008-09/462 ( A. P. (DIR Series) Circular No.66 Dated: April 28, 2009) Attention of Authorised Dealer Category - I banks and Authorised banks (the banks) is invited to Para 6 (a), (b), (c) and...   RBI Circular on External Commercial Borrowings (ECB) Policy - Liberalisation Posted: Wed, 29 Apr 2009 05:11:26 +0000 RBI/2008-09/460 A.P. (DIR Series) Circular No. 64 Dated : April 28, 2009  Attention of Authorised Dealer Category - I (AD Category - I) banks is invited to the A.P. (DIR Series) Circular No. 46 dated...   Announcement regarding the transfer of articles Posted: Wed, 29 Apr 2009 04:54:03 +0000   To All the Members,   This has reference to the announcement regarding the transfer of articles dated 27th March, 2009.In view of the transitional difficulties experienced by members and students in...   Govt not fully geared up for change in TDS Rules relating to payment of TDS Posted: Tue, 28 Apr 2009 16:04:38 +0000 A new form introduced by the Central Board for Direct Taxes (CBDT) to improve tax deductions at source (TDS) has allegedly made the process more cumbersome, and may even prompt the government to...   Tech Mahindra plans to appoint two auditors at Satyam Computer Services Posted: Tue, 28 Apr 2009 15:57:53 +0000   Tech Mahindra plans to appoint two auditors at Satyam Computer Services as part of its initiative to enhance the corporate governance standard of the fraud-hit software exporter, said a top Tech...   Profits from sale of jaggery is not an agricultural income: ITAT Delhi Posted: Tue, 28 Apr 2009 15:51:23 +0000   Profits earned from the sale of jaggery will be taxed as converting sugarcane into a saleable commodity like jaggery or gur is not an agricultural operation, a tax tribunal has ruled. "Profit...   With Regards, Sandeep Kanoi  Website: http://www.taxguru.in/ Get LEGAL & FINANCIAL UPDATES FROM TAX GURU delivered by email   Enter your email address: Delivered by FeedBurner

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