TaxGuru.in : Legal & Tax Updates 11.02.2011

TaxGuru.in : Legal & Tax Updates Election Commission Asks Income Tax Dept To Keep Tabs On Suspicious Cash Flow Posted: 11 Feb 2011 01:39 AM PST In a bid to curb generation of black money during the upcoming assembly polls in five states the Election Commission today asked the Income Tax department to keep a check on suspicious movement of cash and hawala brokers nbsp [[ This is a content summary only. Visit www.taxguru.in for full article ]] Black Money - Names Will Made Public After Cases Filed Posted: 11 Feb 2011 01:27 AM PST The Supreme Court Thursday was told that the government will reveal the names of all the people who have stashed away their black money in foreign banks abroad after it registers cases against them nbsp The government s assurance [[ This is a content summary only. Visit www.taxguru.in for full article ]] ICAI Signs MOU For Insurance Against Professional Indemnity For CAs Posted: 11 Feb 2011 01:26 AM PST CA Amarjit Chopra President ICAI has signed an MOU with New India nbsp Assurance Co Ltd on 10 th February 2011 extending facility for insurance against professional indemnity for members and CA Firms Mr Virander Kumar Genral [[ This is a content summary only. Visit www.taxguru.in for full article ]] Integrated Professional Competence Examination IPCE Final Examination-May 2011 Application Form - How To Fill Roll Num Posted: 11 Feb 2011 01:25 AM PST Integrated Professional Competence Examination IPCE Final examination-May 2011 Application Form - How to Fill Roll Number nbsp Integrated Professional Competence Examination IPCE Final examination- May 2011 Application Form [[ This is a content summary only. Visit www.taxguru.in for full article ]] Blackmoney Issue-Now I-T Officials To Join OECD Posted: 11 Feb 2011 01:23 AM PST After deciding to deploy revenue service officers at eight overseas Income Tax units the government will now depute IRS officers to an international economic body OECD to enhance Indian capabilities in tackling money laundering ta [[ This is a content summary only. Visit www.taxguru.in for full article ]] US Frustrated Over Pace Of Opening Up Of Indian Economy Posted: 11 Feb 2011 01:22 AM PST The US was extraordinarily frustrated with the slow pace of opening up of Indian economy despite the issue being raised at the highest level a top Obama Administration has said nbsp As you know the US President Barack [[ This is a content summary only. Visit www.taxguru.in for full article ]] India Inks Pact With BV Islands For Tax Info Exchange Posted: 11 Feb 2011 01:20 AM PST India has entered into a pact with the British Virgin Islands for exchange of information to check tax evasion and money laundering nbsp This is the third Tax Information Exchange Agreement TIEA as it is known in the parlance [[ This is a content summary only. Visit www.taxguru.in for full article ]] Centre To Compensate States For Rs 7 029 Cr CST Loss Posted: 11 Feb 2011 01:16 AM PST The Government today approved Rs 7 029 crore compensation to states for the losses they suffered due to reduction in central sales tax CST rate in 2010-11 The Union Cabinet chaired by Prime Minister Manmohan Singh has approved [[ This is a content summary only. Visit www.taxguru.in for full article ]] Amendments To The Coinage Bill 2009 Approved Posted: 11 Feb 2011 01:15 AM PST The Union Cabinet today approved the proposal of Ministry of Finance to move the necessary amendments in the Coinage Bill 2009 which is pending in the Lok Sabha with such consequential and drafting changes as may be considered nece [[ This is a content summary only. Visit www.taxguru.in for full article ]] Recapitalization Of Regional Rural Banks RRBs To Improve Their Capital To Risk Weighted Assets Ratio CRAR Posted: 11 Feb 2011 01:14 AM PST The Union Cabinet today approved the recapitalization of Regional Rural Banks RRBs to improve their Capital to Risk Weighted Assets Ratio CRAR in the following manner nbsp a nbsp nbsp Share of Central Government i e Rs 1 [[ This is a content summary only. Visit www.taxguru.in for full article ]] Press And Registration Of Books And Publications Bill 2010 Posted: 11 Feb 2011 01:13 AM PST The Union Cabinet has decided to amend the Press and Registration of Books Act 1867 to streamline the age-old processes and to address certain issues governed by the Print Media Policy and the guidelines rules nbsp The main fe [[ This is a content summary only. Visit www.taxguru.in for full article ]] ICWAI - President S Communique - February 2011 Posted: 11 Feb 2011 01:11 AM PST President s Communique nbsp nbsp February 2011 nbsp Win through action and never through argument - Anonymous nbsp nbsp Dear Professional Colleagues nbsp You may have come across a headline in one of the [[ This is a content summary only. Visit www.taxguru.in for full article ]] Section 80CCF- India Infrastructure Finance Company Ltd IIFCL - Long Term Infrastructure Bonds Posted: 11 Feb 2011 01:38 AM PST The issue proceeds are proposed to be used for the company s infrastructure lending activities Chairman and Managing Director of the company S K Goel told reporters here today nbsp The issue which opened for subscription on Februar [[ This is a content summary only. Visit www.taxguru.in for full article ]] Budget 2011 And GST Posted: 10 Feb 2011 11:06 PM PST Dr Sanjiv Agarwal This year s 2011-12 Union Budget assumes greater importance in the wake of ongoing high level of corruption and financial irregularities in almost every sphere of governance nbsp thus putting tremendous p [[ This is a content summary only. Visit www.taxguru.in for full article ]] Catch-26 - Dishonesty At Premium Posted: 10 Feb 2011 10:56 PM PST CA Lalit Munoyat1 Today we are witnessing such a national situation which none of us might have even thought of A certain group of politicians bureaucrats industrialists and other unwanted social elements are working 24 X 7 to loot [[ This is a content summary only. Visit www.taxguru.in for full article ]] Govt Now Allows BCCI Duty Free Import For WC Posted: 11 Feb 2011 01:18 AM PST The Government has allowed zero duty import of sports and broadcasting equipment by BCCI for the World Cup cricket tournament starting February 19 nbsp Last month the government had de-recognised BCCI as a a national sports federat [[ This is a content summary only. Visit www.taxguru.in for full article ]] Insurance - Exposure Draft On Schemes Of Arrangement And Transfers Of Non-Life Insurance Business Posted: 11 Feb 2011 12:08 AM PST Insurance Exposure Draft on Schemes of Arrangement and Transfers of Non-Life Insurance Business CIRCULAR NO 305 2 1 F amp AILAB2008 277 2011-12 DATED 9-2-2011 Section 35 of the Insurance Act 1938 lays down the framework fo [[ This is a content summary only. Visit www.taxguru.in for full article ]] SEBI - Arbitration Mechanism Of Stock Exchanges - Applicability Of The Provisions Of The Limitation Act 1963 Posted: 09 Feb 2011 11:53 PM PST Arbitration mechanism of stock exchanges - Applicability of the provisions of the Limitation Act 1963 nbsp CIR MRD DSA 2 2011 nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp nbsp February 09 2011 nbsp To The Managi [[ This is a content summary only. Visit www.taxguru.in for full article ]] Re-opening Of Pension Option To Employees Of Public Sector Banks And Enhancement In Gratuity Limits - Prudential Regulatory Treatment Posted: 09 Feb 2011 11:46 PM PST Re-opening of pension option to employees of Public Sector Banks and enhancement in gratuity limits - Prudential Regulatory TreatmentRBI 2010-11 400 DBOD No BP BC 80 21 04 018 2010-11 nbsp February 9 2011 nbsp All Public Sec [[ This is a content summary only. Visit www.taxguru.in for full article ]]