Large corporate taxpayers (LTU) get personalised attention 
`Happy to help you' may remind you of the famous ad of a private telecom services company, but the Income Tax (I-T) department is also eager to tell large corporate taxpayers roughly the same thing.So, client executives and relationship... | Public Provident Fund (PPF) scheme : Investment Limit, Income tax benefit, Features 
The Public Provident Fund is the darling of all tax saving investments..No wonder! You invest in it and you get a deduction on your income. Besides, the interest you earn on it is tax-free. Since it is a scheme run by the Government of India, it is... | Period for which books of account need to be kept under different Laws 
Companies Act, 1956 ? A company is required to maintain its books of account and vouchers for a period of 8 years immediately preceding the current year. ? Licensed Companies u/s 25 of The Companies Act, 1956 is required to maintain its books of... | SEBI prohibit listed companies from issuing shares with superior rights 
SEBI/CFD/DIL/LA/2/2009/21/7 July 21, 2009 The Managing Director/ Executive Director/ Administrator of all the Stock Exchanges Dear Sir/Madam, Sub.: Amendments to the Equity Listing Agreement 1. It has been decided to amend the Equity Listing... | SEBI abolished no-delivery period for all types of corporate action 
The Securities and Exchange Board of India, the markets watchdog, has done away with a no-delivery period for all types of corporate actions for scrips that are traded in the compulsory dematerialised mode and accordingly, short deliveries, if... | SC to decide on 'dividend stripping' by mutual funds for creating a short-term loss to avoid tax 
The Supreme Court will decide whether mutual fund brokers can resort to a process (dividend stripping) of creating a short-term loss to avoid tax. A Bench headed by Justice S H Kapadia has issued notice broking firms on a batch of petitions filed by... | Service tax topics to be omitted and to be asked in November 2009 Examination for CA Final & PCE Students 
Announcement for November 2009 examinations Professional Competence Examinations It is clarified that in Part –II : Service tax and VAT of Paper 5 : Taxation, students will not be tested on specific questions covering individual taxable services. ... |
With Regards,
CA Sandeep Kanoi
Website: http://www.taxguru.in/
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