TaxGuru.in : Legal & Tax Updates 07.02.2011

TaxGuru.in : Legal & Tax Updates Invitation To Join Taxguru In Panel Of Esteemed Authors Posted: 07 Feb 2011 01:31 AM PST TAXGURU IN would like to invite Authors to join our esteemed panel of Authors The Authors who like to be Part of TAXGURU INand get their article published on our website can mail their article to us and we will publish the same with [[ This is a content summary only. Visit www.taxguru.in for full article ]] Raise Income Tax Exemption Limit To Rs 3 Lakh - Survey Posted: 07 Feb 2011 01:27 AM PST The government must increase the personal income tax exemption limit to at least Rs 3 lakh from Rs 1 6 lakh at present in the upcoming Budget for giving relief to taxpayers from high inflation majority of CEOs surveyed by industry [[ This is a content summary only. Visit www.taxguru.in for full article ]] India Has Highest Transfer Pricing Litigations - E Amp Y Survey Posted: 07 Feb 2011 01:26 AM PST India has the highest number of litigations over transfer pricing where MNCs have been charged of reducing their tax liability by transferring profits to group companies abroad a survey has found India has the maximum transf [[ This is a content summary only. Visit www.taxguru.in for full article ]] CFI Demands Service Tax Exemption For Power Projects Posted: 07 Feb 2011 01:23 AM PST The Construction Federation of India has sought service tax exemption for development of power projects on the lines of other infrastructural works in the upcoming Budget Service Tax exemption should be extended to development [[ This is a content summary only. Visit www.taxguru.in for full article ]] MCA May Inspect Books Of 39 Cos Barred By Sebi Posted: 07 Feb 2011 01:22 AM PST Thirty-nine entities barred from stock markets by Sebi last week for circular trading may also face inspection by the Ministry of Corporate Affairs MCA for possible anomalies in their balance sheets We are considering to i [[ This is a content summary only. Visit www.taxguru.in for full article ]] Many Listed Companies Lack Professional Approach Posted: 07 Feb 2011 01:20 AM PST Out of 6 000 odd listed companies in India not even 2 000 listen to what markets say Chairman of Enam Securities Vallabh Bhanshali said here today Addressing a seminar at Indian School of Business he said most of the companies [[ This is a content summary only. Visit www.taxguru.in for full article ]] EPFO May Resume Investment In LIC Housing Finance Posted: 07 Feb 2011 01:19 AM PST Retirement fund manager EPFO s trustees are likely to approve a proposal to recommence investment in LIC Housing Finance at their meeting scheduled on February 15 EPFO s apex decision-making body the Central Board of Trustees [[ This is a content summary only. Visit www.taxguru.in for full article ]] ED To Register Money Laundering Case In Citibank Fraud Posted: 07 Feb 2011 01:17 AM PST The Enforcement Directorate will soon file a case of money laundering in connection with the Rs 400 crore fraud allegedly perpetrated by a Citibank employee nbsp Official sources said the Directorate which has studied the deta [[ This is a content summary only. Visit www.taxguru.in for full article ]] Mere Membership Of Banned Organisation Not A Crime- Supreme Court Posted: 06 Feb 2011 04:11 AM PST Mere membership of a banned organisation does not make a person criminal unless he or she resorts or incites people to violence the Supreme Court has ruled nbsp The ruling assumes significance in the wake of life imprisonment [[ This is a content summary only. Visit www.taxguru.in for full article ]] Automatic Shifting From CA Final Old To CA Final New Course Posted: 06 Feb 2011 04:08 AM PST Sub Procedure adopted by the Institute in shifting CA Final Old course students to CA Final New course in order to appear in CA Final Examination to be held from May 2011 onwards nbsp As announced earlier on the [[ This is a content summary only. Visit www.taxguru.in for full article ]] Results Of PCE IPCE Will Now Be Declared On 8th February 2011 Posted: 06 Feb 2011 04:06 AM PST Declaration of Results of PCE IPCE MAC Part-I IRM and ITL amp WTO on 8th February 2011 at 10 00 A M In modification of the announcement earlier made regarding likely declaration of results of PCE IPCE MAC PART-I IR [[ This is a content summary only. Visit www.taxguru.in for full article ]] L Amp T Infra Finance To Issue Tax-saving Infra Bonds Posted: 06 Feb 2011 03:58 AM PST L amp T Infrastructure Finance Company is making a public issue of Long Term Infrastructure Bonds 2011 to finance infrastructure lending nbsp The company proposes to issue secured redeemable non-convertible debentures aggregating [[ This is a content summary only. Visit www.taxguru.in for full article ]] PPF Account Can Be Extended Beyond 15 Years For Five Years At A Time Indefinitely Posted: 06 Feb 2011 04:24 AM PST We have to initially open the Open the PPF account for 15 years and after the initial period of 15 years is over one can keep on extending the deposit for a period of 5 years at a time In fact this is where the magic of PPF begin [[ This is a content summary only. Visit www.taxguru.in for full article ]]