Avail loan against PPF after the expiry of one year from the end of the year in which the initial subscription was made Posted: 25 Nov 2011 07:53 PM PST You can take a loan from the third year of opening your account to the sixth year.Also, the loan amount will be upto a maximum of 25% of the balance in your account at the end of the first financial year (if you opt for the loan in the third... [[ This is a content summary only. Visit www.taxguru.in for full article. Visit our News Portal www.dailyindianews.com ]] 
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| L&T Infra Long term Infrastructure Bond – Save tax u/s. 80CCF and earn interest at 9% p.a. Posted: 25 Nov 2011 07:25 PM PST L&T Infra is proud to bring to you, for the second year running, the Long term Infrastructure Bonds. These tax-saving bonds let you invest indirectly on a long term basis, in infrastructure projects across the country and aid in the growth of... [[ This is a content summary only. Visit www.taxguru.in for full article. Visit our News Portal www.dailyindianews.com ]] 
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| Full and true disclosures must mean what the statute says and requires specific disclosure of each fact – Bombay HC Posted: 25 Nov 2011 06:13 PM PST The Indian Hume Pipe Co Ltd vs. ACIT (Bombay High Court An exemption was claimed under Section 54EC. All the necessary facts on the basis of which the claim to an exemption are founded must be disclosed. As the assessee failed to do so, the... [[ This is a content summary only. Visit www.taxguru.in for full article. Visit our News Portal www.dailyindianews.com ]] 
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| Assessee to 'keep and maintain' information and documents in respect of international transaction entered into with AE – ITAT Mumbai Posted: 25 Nov 2011 05:22 PM PST ACIT vs. Smith & Newphew Healthcare (P) Ltd. (ITAT Mumbai) - As rightly held by the CIT(A), the requirement of law is that the Assessee has to "keep and maintain" information and documents in respect of international transaction entered into... [[ This is a content summary only. Visit www.taxguru.in for full article. Visit our News Portal www.dailyindianews.com ]] 
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| Contract for transportation in respect of chartering a helicopter/aircrafts do not attract provisions of TDS u/s 194I Posted: 25 Nov 2011 05:05 PM PST SKIL Infrastructure Ltd. Vs. ITO (ITAT Mumbai)- The nature of arrangement entered by the appellant for transportation of its employees between residence to office is similar to the arrangement mentioned in the circular No. 558, dated 28th March... [[ This is a content summary only. Visit www.taxguru.in for full article. Visit our News Portal www.dailyindianews.com ]] 
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| Format of Revised Schedule VI to the Companies Act 1956 Posted: 25 Nov 2011 04:40 PM PST Ministry of Corporate Affairs [MCA], Government of India, has on 3 March 2011, hosted on its website, the revised Schedule VI to the Companies Act, 1956 which deals with the Form of Balance sheet, Profit & Loss Account and disclosures to be... [[ This is a content summary only. Visit www.taxguru.in for full article. Visit our News Portal www.dailyindianews.com ]] 
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| Background Material on Cabinet Decision on The FDI in Retail Posted: 25 Nov 2011 06:27 AM PST Rationale for enhancing FDI ceiling to 100% in single brand retail trading. In the last 5 years, under the current regime of 51% FDI in single brand retail, foreign direct investment of only US$ 44.45 million have been received, constituting barely... [[ This is a content summary only. Visit www.taxguru.in for full article. Visit our News Portal www.dailyindianews.com ]] 
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| Penalty / Fine for violation of procedural law cannot be disallowed- Bombay HC Posted: 25 Nov 2011 04:57 AM PST CIT vs. The Stock and Bond Trading Company (Bombay High Court)- Payments made by the Assessee to the Stock Exchange for violation of their regulation are not an account of an offence or which is prohibited by law. Hence, the invocation of... [[ This is a content summary only. Visit www.taxguru.in for full article. Visit our News Portal www.dailyindianews.com ]] 
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| ICSI – Online change of Address by the Members Posted: 25 Nov 2011 03:26 AM PST This has a reference to the ongoing initiative of the Institute for automation. In this regard, the facility for online change of address of the Members has also been added to the list of services already being provided through our portal... [[ This is a content summary only. Visit www.taxguru.in for full article. Visit our News Portal www.dailyindianews.com ]] 
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| Why One Shall Not Be Justified in Thinking that an Attempt is Being Made to Anyhow Upheld the Claim of the State? Posted: 24 Nov 2011 08:41 PM PST The banks which are running on the orders of the Reserve Bank publish the defaulter list of the common people but they don't have the list of the defaulters of the corporate families. According to the bankers in the Bank Director's meeting also this... [[ This is a content summary only. Visit www.taxguru.in for full article. Visit our News Portal www.dailyindianews.com ]] 
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| 18 Proposals of Foreign Direct Investment Amounting to 2126.20 Crore Approved Posted: 24 Nov 2011 08:33 PM PST Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on November 15, 2011, Government has approved 18 Proposals of Foreign Direct Investment amounting to ` 2126.20 crore approximately. [[ This is a content summary only. Visit www.taxguru.in for full article. Visit our News Portal www.dailyindianews.com ]] 
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| What is the harm, if now the judiciary is trying to improve its performance by chasing injustice? Posted: 24 Nov 2011 08:31 PM PST INTRODUCTION: Extract reproduced below from 'Walk the Talk' on NDTV 24×7 with The Indian Express Editor-in-Chief Shekhar Gupta, former Supreme Court judge and now chairman of the Press Council of India, Justice Markandey Katju, talks about 'judicial... [[ This is a content summary only. Visit www.taxguru.in for full article. Visit our News Portal www.dailyindianews.com ]] 
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| Sub-Committee Constituted by RBI under Shri Y.H. Malegam Submits its Report regarding Micro Finance Sector Posted: 24 Nov 2011 08:29 PM PST In view of the developments in the Microfinance sector, particularly in Andhra Pradesh, the Reserve Bank of India (RBI) had in October, 2010 constituted a Sub-Committee under Shri Y.H. Malegam, Member of the Central Board of Directors of RBI, to... [[ This is a content summary only. Visit www.taxguru.in for full article. Visit our News Portal www.dailyindianews.com ]] 
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| Rejigging the Elephant Dance Posted: 24 Nov 2011 08:26 PM PST Let me now conclude. I have highlighted ten challenges that we need to address in order to accelerate output growth with focus on the quality of growth. I must admit that this list is by no means exhaustive, and individual lists can vary both in... [[ This is a content summary only. Visit www.taxguru.in for full article. Visit our News Portal www.dailyindianews.com ]] 
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| Deregulation of Savings Bank Deposit Interest Rate in Urban Co-operative Banks Posted: 24 Nov 2011 08:23 PM PST As indicated in the Second Quarter Review of Monetary Policy announced on October 25, 2011, it has been decided to deregulate the savings bank deposit interest rate with immediate effect. Accordingly, banks are free to determine, with immediate... [[ This is a content summary only. Visit www.taxguru.in for full article. Visit our News Portal www.dailyindianews.com ]] 
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| Amendment to Senior Citizens Savings Rule, 2004 (SCSS, 2004) To allow verification of Affidavits by" Notary Public" along with "Oath Commissioner" in SCSS, 2004 Posted: 24 Nov 2011 08:22 PM PST We forward herewith 5 copies of Government of India Notification G.S.R. 770 (E) dated October 19, 2011, on the captioned subject, the contents of which are self-explicit. In this regard, we advise that the contents of the Notification may be... [[ This is a content summary only. Visit www.taxguru.in for full article. Visit our News Portal www.dailyindianews.com ]] 
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| Technology and Production Series-1 Posted: 24 Nov 2011 08:19 PM PST Modernization of the industry was made to increase the productivity. Productivity not only of the quantity being produced but quality of product & labor force. But the prime reason for modernization and introduction of technology was to improve... [[ This is a content summary only. Visit www.taxguru.in for full article. Visit our News Portal www.dailyindianews.com ]] 
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| Customs Manual on Self-Assessment – 2011 Posted: 24 Nov 2011 08:17 PM PST 'Self-Assessment' in Customs has been implemented w.e.f. 8.4.2011 vide Finance Act, 2011 by suitable changes to Sections 17, 18, 46 and 50 of the Customs Act, 1962. Self-Assessment interalia requires importers / exporters to correctly declare... [[ This is a content summary only. Visit www.taxguru.in for full article. Visit our News Portal www.dailyindianews.com ]] 
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| Comprehensive Competition Reforms at Centre State and Sub-State Levels will be Defining Moment in India – Moily Posted: 24 Nov 2011 08:16 PM PST The time has come for all the stakeholders in the growth of Indian economy to come forward and launch a national movement to build a culture of competition so as to promote innovation, entrepreneurship and inclusive growth and to be part in ushering...
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