TaxGuru.in : Legal & Tax Updates 21.01.2011 PM S Address At The Launch Of Mobile Number Portability Across India Posted: 21 Jan 2011 01:27 AM PST The Prime Minister Dr Manmohan Singh launched the mobile portability across India at a function in Vigyan Bhawan today Following is the text of the Prime Minister s address on the occasion nbsp Many years ago someone a [[ This is a content summary only. Visit www.taxguru.in for full article ]] Shocker- Incentives To IT Other Services Export Withdrawn Posted: 21 Jan 2011 01:24 AM PST In a move that will adversely impact the country s services sector the government has withdrawn incentives to exporters of IT and ITeS telecommunication and airlines services nbsp The list of services eligible for duty credits un [[ This is a content summary only. Visit www.taxguru.in for full article ]] Coal Regulator Bill To Be Introduced In Budget Session Posted: 21 Jan 2011 01:24 AM PST The Government will bring Coal Regulator Bill in Parliament in Budget Session to ensure level playing field to all the stake holders It would also make recommendations for reforms in coal sector and about coal pricing Addressing t [[ This is a content summary only. Visit www.taxguru.in for full article ]] ICAI Announcement Relating To New Study Materials For CA Final Course Posted: 21 Jan 2011 01:22 AM PST Announcement relating to new Study Materials for Final Course Students of Final Course may note that the Study Materials including Practice Manuals for all the subjects of the Final Course have been modified revised updated and [[ This is a content summary only. Visit www.taxguru.in for full article ]] Cabinet Reshuffle- List Of Ministers And Portfolios Posted: 21 Jan 2011 01:12 AM PST nbsp Following are the new Ministers and Portfolios announced today by the Government nbsp CABINET MINISTERS nbsp 1 Shri Praful Patel Heavy Industries and Public Enterprises nbsp 2 Shri Shriprakash Jaiswal Coal n [[ This is a content summary only. Visit www.taxguru.in for full article ]] FM Holds Pre Budget Consultations With Finance Ministers Of All States And Union Territories Posted: 21 Jan 2011 01:08 AM PST Union Finance Minister Shri Pranab Mukherjee held a meeting with Finance Ministers of different States and Union Territories to get their inputs for General Budget 2011-12 here today This was the seventh such meeting in the series of [[ This is a content summary only. Visit www.taxguru.in for full article ]] Aadhaar UID May Reduce The SIM Activation Process Time To 5 Minutes From 3 Days Posted: 21 Jan 2011 12:18 AM PST The Department of Telecommunications DoT is considering a proposal by the Unique Identity Authority of India UIDAI to bring about 700 million telecom users under an unique identification programme The UIDAI plans to issue a 12- [[ This is a content summary only. Visit www.taxguru.in for full article ]] Income Tax Dept Recovers Rs 44 Cr From Commodity Traders Posted: 20 Jan 2011 11:36 PM PST In the largest ever cash seizure the Income Tax department today said it has recovered Rs 44 2 crore of unaccounted money from three Delhi-based commodity traders nbsp In search and seizure actions conducted by the Income Tax dep [[ This is a content summary only. Visit www.taxguru.in for full article ]] Government Set To Raise Threshold For Independent Audit Of Corporate Transactions Posted: 20 Jan 2011 11:24 PM PST The government is set to raise the threshold for independent verification of corporate transactions in the Companies Bill diluting a proposal it made before a key Parliamentary panel nbsp The threshold would now be fixed at 1 of [[ This is a content summary only. Visit www.taxguru.in for full article ]] CA Final And CPT Results To Be Declared On 21st January At 2 PM Posted: 20 Jan 2011 06:06 AM PST Results of the CA Final and Final New Course Examinations held in November 2010 and Common Proficiency Test CPT held in December 2010 are likely to be declared on Friday the 21st January 2011 around 2 00 PM nbsp The resu [[ This is a content summary only. Visit www.taxguru.in for full article ]] Salaried Taxpayers With No Other Income May Get Exemption From IT Return Filing Posted: 20 Jan 2011 03:52 AM PST Salaried taxpayers with no other income could get a respite from filing tax returns The income-tax I-T department is open to examining a proposal to exempt them from the annual chore nbsp Asked whether the department would think [[ This is a content summary only. Visit www.taxguru.in for full article ]] New President And Vice-President Of ICSI For 2011 Posted: 20 Jan 2011 03:51 AM PST New President and Vice-President of ICSI for 2011 CS Mr Anil Murarka FCS-3150 CS Mr Nesar Ahmad FCS-3360 [[ This is a content summary only. Visit www.taxguru.in for full article ]] All About Speed Clearing Of Cheques Posted: 21 Jan 2011 12:48 AM PST Banks as part of their normal banking operations undertake collection of cheques deposited by their customers some of which could also be drawn on non-local bank branches Such cheques are called outstation cheques nbsp Roll-o [[ This is a content summary only. Visit www.taxguru.in for full article ]] Tax Planning Tips- Your Parents Can Help You Save Tax Reduce Your Tax Liability Posted: 20 Jan 2011 11:04 PM PST Saving tax is the main motto of all taxpayers While some hire chartered accountants others pore through tax laws or ask friends to find out if there are ways by which they can save nbsp nbsp Actually the simplest way of sa [[ This is a content summary only. Visit www.taxguru.in for full article ]] Johnny And Service Tax Refund Series-II - Part 7 - Refund On Other Services Posted: 20 Jan 2011 09:56 PM PST CA Pradeep JainMayank PalgautaIn continuation of previous articles elaborating the difficulties in getting the refund claim under different conditions we in this article are unveiling the problems existing in the Service tax refund [[ This is a content summary only. Visit www.taxguru.in for full article ]] What S Better- Trust Society Or Section 25 Company Posted: 20 Jan 2011 12:50 AM PST There are three different ways in which one can share good fortune with others in an organised and enduring manner and receive legal protection as well as tax benefits nbsp One can set up either a public charitable trust a re [[ This is a content summary only. Visit www.taxguru.in for full article ]] TDS Credit Right Of Payee- The Refund Made To The Tax Deductor Even If Wrongful Has No Adverse Impact On The Rights Of The Assessee Posted: 20 Jan 2011 12:41 AM PST Learned CIT A erred in not directing the AO to unconditionally grant full tax credit to the appellant f or the taxes deducted at source by Reliance Infocomm Limited of Rs 24 41 58 046 and consequently grant refund of the said amount [[ This is a content summary only. Visit www.taxguru.in for full article ]] SEBI - Discussion Paper On Outsourcing Of Activities Related To Intermediation Services Posted: 21 Jan 2011 12:58 AM PST PRESS RELEASE NO 17 2011 DATED 19-1-2011 nbsp SEBI has prepared a discussion paper on outsourcing of activities related to the intermediation services The paper proposes certain principles for outsourcing and indicates activi [[ This is a content summary only. Visit www.taxguru.in for full article ]] Regarding Service Tax Exemption For Janata Personal Accident Policy Posted: 20 Jan 2011 04:26 AM PST Circular No 133 2 2011 ST F No 332 36 2010-TRU Government of India Ministry of Finance Department of Revenue Tax Research Unit North Block New Delhi nbsp 18th January 2011 nbsp To nbsp [[ This is a content summary only. Visit www.taxguru.in for full article ]] Norms For Execution Of Bank Guarantee In Respect Of Advance Authorization Duty Free Import Authorization DFIA Export Promotion Capital Goods EPCG Schemes Reg Posted: 20 Jan 2011 04:04 AM PST Circular No 06 2011-Customs nbsp F NO 609 119 2010-DBK Department of Revenue Government of India Ministry of Finance nbsp New Delhi the 18th January 2011 To nbsp All Chief Commissioners of Customs C [[ This is a content summary only. Visit www.taxguru.in for full article ]]