TaxGuru.in : Legal & Tax Updates 13.03.2011

TaxGuru.in : Legal & Tax Updates

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Advertising Agency Service- Brief, Tax Rate, Accounting code, Classification, Valuation and all other details

Posted: 12 Mar 2011 07:34 PM PST


"Advertising agency" means any person engaged in providing any service connected with the making, preparation, display or exhibition of advertisement and includes an advertising consultant. "advertisement" includes any notice, circular, label,...

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Applicability of Custom Duty on Import of Gifts and FAQ on the same

Posted: 12 Mar 2011 07:20 PM PST


All goods imported into India from abroad is liable to duties of Customs under Section 12 of the Customs Act and also is liable to all the restrictions under the Foreign Trade (Development & Regulations) Act 1992. However, the Government has...

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Empanelment for the Appointment of Internal Auditors in Eastern Coalfields Limited (ECL) For The Year 2011-12

Posted: 12 Mar 2011 07:19 PM PST


Offers are invited for Empanelment for the Appointment of Internal Auditors in Eastern Coalfields Ltd. (ECL) along with its Areas & service units, for the year 2011-12 starting from 1st April, 2011 with a provision to renew the same for another...

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SEBI guidelines to allow direct investment by foreign investors into MFs

Posted: 12 Mar 2011 09:51 AM PST


Market regulator SEBI will soon come out with guidelines for foreign investors undertaking direct investments in mutual funds, a senior official said today. "SEBI will issue the guidelines allowing foreign investors to invest in mutual funds...

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Panel report on restructuring pension scheme likely by Mar-end

Posted: 12 Mar 2011 09:49 AM PST


The Pension Fund Regulatory and Development Authority (PFRDA) today said the Bajpai committee report on overhauling the structure of all citizens' pension scheme is expected by the end of this month. "They have committed that they would submit the...

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Telecom Department may raise Rs 1,100cr demand

Posted: 12 Mar 2011 12:08 AM PST


Having completed investigation into special audit of five leading operators, including RCom, Bharti and Idea, the Telecom Ministry is likely to raise demand of over Rs 1,100 crore from them for under reporting revenues. "The Department has completed...

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Income Tax Refund cases not yet entered on the system – Casual and cavalier attitude

Posted: 11 Mar 2011 09:17 PM PST


All the CCITs, including the CCITs (CCA), were advised by the Board on Feb 28 & again on March 05 11 to provide data regarding paper refund cases not yet entered on the system. The CBDT feels anguished that, except CCITs Nagpur, Ranchi, Panaji...

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Law Commission recommends uniform age of marriage for both boys and girls

Posted: 11 Mar 2011 09:14 PM PST


Age of Marriage The Law Commission of India in its 205th Report had made recommendation for a uniform age of marriage of 18 years for both boys and girls. However, the Government is of the view that the difference in the age of marriage (21 years...

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Number of working days in Courts governed by the rules framed by the respective Courts

Posted: 11 Mar 2011 09:12 PM PST


The working days in the High Courts are regulated by the rules framed by the respective Courts. According to available information, all High Courts in the country normally have 210 working days in a year. The number of working days of the...

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ICAI Online Journal (March 2011)

Posted: 11 Mar 2011 09:09 PM PST


Download ICAI Online Journal for the Month of March 2011.

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SEBI bans 3 independent directors of Pyramid Saimira for 2 yrs

Posted: 11 Mar 2011 08:31 PM PST


Marker regulator SEBI today barred three independent directors and members of audit committee of Pyramid Saimira from holding a similar position in any listed company for two years for giving false and misleading statements.

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ED seeks 14 days remand of Hasan Ali, cites national security

Posted: 11 Mar 2011 08:30 PM PST


After being rapped by a local court for not doing its "homework", the Enforcement Directorate today took the line that "certain links" of Hasan Ali Khan needed to be probed as it has a bearing on "national security" and pressed for his 14-day...

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