TAX & LEGAL UPDATES FROM TAX GURU 23.05.2009

UPDATES FROM TAX GURU



Govt ask RBI to continue appointing auditors for PSU Banks

Posted: 22 May 2009 07:39 PM PDT


The government has turned down a proposal of the Reserve Bank of India (RBI) to allow public sector banks to select auditors independently. Last year, RBI had made the proposal to the finance...

ICAI enter in MoU with University of Djbouti, Africa

Posted: 22 May 2009 07:30 PM PDT


ICAI Celebrates Africa Day The Institute of Chartered Accountants of India (ICAI) and Indo-African Chambers of Commerce and Industry celebrated Africa Day from 18-19 May, 2009 at Mumbai. Diplomats...

Income Tax Efiling - New Changes for AY 2009-10

Posted: 22 May 2009 07:08 PM PDT


1. New Users can register their Digital Certificate during registration process 2. During Registration and Forgot Password, Captcha Image needs to be entered by the user for verification. If the...

ITAT Mumbai benches non function from 25.05.09 to 29.05.09

Posted: 22 May 2009 06:58 PM PDT


Bench functioning Notice From 25.05.09 to 29.05.09:-  N O T I C E The following benches will not function during the period 25.05.09 to 29.05.09:- "A-1, B-1, E-1, K, L, & SMC...

PAN requirement for transfer of shares in physical form : SEBI

Posted: 22 May 2009 11:54 AM PDT


CHIEF GENERAL MANAGER Market Regulation Department Email: mdrao@sebi.gov.in MRD/DoP/ Cir-05/2009 , Dated : May 20, 2009  To, The Managing Directors / Chief Executive Officers /Executive Directors /...

Securities and Exchange Board of India (Investor Protection and Education Fund) Regulations, 2009

Posted: 22 May 2009 11:42 AM PDT


Notification of SEBI (Investor Protection and Education Fund) Regulations, 2009 SEBI has notified the SEBI (Investor Protection and Education Fund) Regulations, 2009, on May 19, 2009, with a view to....

Empanelment of CA with Serious Fraud Investigation Office

Posted: 22 May 2009 10:31 AM PDT


No.2/2/2007Admn.  dated the 5 th May 2009  SFIO, Government of India, Ministry of Corporate Affairs, Serious Fraud Investigation Office, B3 Wing, 2 nd Floor, Paryavaran Bhavan, CGO Complex, Lodi...

SEBI to pay auditors fees for the first year of peer review

Posted: 22 May 2009 09:14 AM PDT


The Securities and Exchange Board of India (Sebi) will pay auditors fees for the first year of peer review of accounts of companies in the 50-index Nifty and the 30-index BSE. In an effort to build...

RBI empowered practicing CS to issue Diligence Reports to scheduled commercial banks

Posted: 22 May 2009 09:10 AM PDT


The Reserve Bank of India has empowered practicing company secretaries to issue Diligence Reports to scheduled commercial banks which will confirm the mandatory compliance with all statutory and...

SEBI considering relaxation in IPO, QIP, rights issue norms

Posted: 22 May 2009 09:04 AM PDT


Raising funds from the bourses may soon become a simpler, shorter process, as the market regulator plans an overhaul of existing norms, taking them closer to standard global practices.  According to...

No cut in CST rate this Year, will stay at 2%

Posted: 22 May 2009 08:54 AM PDT


In a significant departure from its original plans, the Centre and states have decided not to reduce the Central Sales Tax (CST) rate in 2009-10. Instead, the tax will be completely withdrawn once...

Commerce department asked for removal of fringe benefit tax on exporters

Posted: 22 May 2009 08:33 AM PDT


Commerce department has asked for the removal of fringe benefit tax (FBT) on exporters in its list of key reform proposals to be included in an ambitious package being readied by officials for the...

Govt. May Exempt SEZ export profits under section 10AA

Posted: 22 May 2009 08:28 AM PDT


The three-year long wait of companies to avail full income tax benefits on export profits from their SEZ units will come to an end in two months. Official sources said the government has firmed up...

With Regards, 
Sandeep Kanoi 
Website: http://www.taxguru. in/ 
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