Fwd: TaxGuru.in : Legal & Tax Updates

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From: LEGAL & FINANCIAL UPDATES FROM TAX GURU <info@taxguru.in>
Date: Sat, Feb 19, 2011 at 9:39 AM
Subject: TaxGuru.in : Legal & Tax Updates
To: palashbiswaskl@gmail.com

TaxGuru.in : Legal & Tax Updates

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• CAG Tightening MNREGA Audit System
• Budget Session 2011 To Commence From Monday 21st February 2011
• Shri Murli Deora And Shri R P N Singh For Corporate Affairs Had An Interactive Session With Corporate India On The Ini
• Budget 2011-12- Give Tax Sops On Affordable Housing
• Companies Bill 2009 To Be Tabled In Budget Session
• Income-Tax Department Moves HC Against Tax Reliefs Sought By Shahrukh Khan
• Sebi Moves SC Against Order In Derivatives Case
• Govt Bans Export Of Milk Powder Casein
• Govt Proposes To Make E-filing Of Patents Mandatory
• ICAI-Relaxation In Eligibility To Appear In CA Final Examination For PCE And IPCE Candidates
• CBI Arrests Its Dy SP And Four Others For Evasion Of Customs Duty
• NBFC- All Deposit Taking NBFCs - CRAR Fifteen Per Cent W E F March 31 2012
• NBFC - Non-Banking Financial Deposit Accepting Or Holding Companies Prudential Norms Reserve Bank Directions 2007 Amendment In Paragraph 16
• Prudential Norms On Investment In Zero Coupon Bonds

CAG Tightening MNREGA Audit System Posted: 18 Feb 2011 10:54 PM PST Amid instances of corruption in MNREGA implementation government has decided to tighten the audit system which includes broadening the scope of the Comptroller and Auditor General CAG in the scheme nbsp The CAG has been gi [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Budget Session 2011 To Commence From Monday 21st February 2011 Posted: 18 Feb 2011 10:46 PM PST Budget Session 2011 to Commence from Monday 21st February 2011 nbsp The Budget Session 2011 of Parliament 7th Session of the Fifteenth Lok Sabha and the 222nd Session of the Rajya Sabha is scheduled to commence on Monday the 21st o [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Shri Murli Deora And Shri R P N Singh For Corporate Affairs Had An Interactive Session With Corporate India On The Ini Posted: 18 Feb 2011 10:45 PM PST Shri Murli Deora and Shri R P N Singh for Corporate Affairs had an Interactive Session with corporate India on the initiatives of Ministry of corporate affairs nbsp Shri Murli Deora Union Minister for Corporate Affairs and Sh [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Budget 2011-12- Give Tax Sops On Affordable Housing Posted: 18 Feb 2011 10:31 PM PST Industry chamber Assocham today asked the government to re-introduce the tax exemption scheme to promote affordable housing in the forthcoming Budget for 2011-12 nbsp The chamber also said real estate sector should be accorded infr [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Companies Bill 2009 To Be Tabled In Budget Session Posted: 18 Feb 2011 10:29 PM PST After considering the views of the industry and a House panel the government will table the Companies Bill 2009 in the forthcoming Budget session the Ministry of Corporate Affairs said today nbsp nbsp We will bring it before Parli [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Income-Tax Department Moves HC Against Tax Reliefs Sought By Shahrukh Khan Posted: 18 Feb 2011 10:18 PM PST The Income-Tax department has filed an appeal in Bombay High Court against an order of its tribunal allowing Bollywood actor Shah Rukh Khan to seek tax reliefs for using his membership at Otters Club in suburban Bandra and his BMV R [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Sebi Moves SC Against Order In Derivatives Case Posted: 18 Feb 2011 10:16 PM PST Stock market regulator Sebi today approached the Supreme Court against the order of appellate body SAT which set aside its decision to impose penalty on Rakhi Trading for alleged rigging in derivatives trade nbsp Sebi had imposed [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Govt Bans Export Of Milk Powder Casein Posted: 18 Feb 2011 10:15 PM PST The government today banned exports of milk powder and its products to boost domestic supplies and check rising prices of milk nbsp Besides export of casein and its products a protein derivative of milk has also been banned by t [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Govt Proposes To Make E-filing Of Patents Mandatory Posted: 18 Feb 2011 10:13 PM PST The government has proposed to amend the Patent Rules and make e-filing of applications compulsory in order to bring clarity and efficiency nbsp The commerce ministry s Department of Industrial Policy amp Promotion DIPP has com [[ This is a content summary only. Visit www.taxguru.in for full article ]]

ICAI-Relaxation In Eligibility To Appear In CA Final Examination For PCE And IPCE Candidates Posted: 18 Feb 2011 10:12 PM PST Sub Relaxation in eligibility to appear in CA Final Examination for PCE and IPCE candidates nbsp The students who desire to appear in the Final Examination to be held in May 2011 and onwards hereby informed that a relaxation ha [[ This is a content summary only. Visit www.taxguru.in for full article ]]

CBI Arrests Its Dy SP And Four Others For Evasion Of Customs Duty Posted: 18 Feb 2011 10:10 PM PST The Central Bureau of Investigation has arrested its Dy Supdt of Police and four private persons for evasion of customs duty nbsp A case was registered against five persons for commission of offences punishable U s 120-B r w 4 [[ This is a content summary only. Visit www.taxguru.in for full article ]]

NBFC- All Deposit Taking NBFCs - CRAR Fifteen Per Cent W E F March 31 2012 Posted: 18 Feb 2011 10:27 PM PST NBFC- All Deposit Taking NBFCs - CRAR Fifteen per cent w e f March 31 2012 nbsp CIRCULAR NO DNBS PD CC NO 211 03 02 002 2010-11 DATED 17-2-2011 nbsp In terms of paragraph 16 of Non-Banking Financial Deposit Accepting or [[ This is a content summary only. Visit www.taxguru.in for full article ]]

NBFC - Non-Banking Financial Deposit Accepting Or Holding Companies Prudential Norms Reserve Bank Directions 2007 Amendment In Paragraph 16 Posted: 18 Feb 2011 10:25 PM PST NBFC - Non-Banking Financial Deposit Accepting or Holding Companies Prudential Norms Reserve Bank Directions 2007 Amendment in paragraph 16 nbsp NOTIFICATION NO DNBS 224 CGM US -2011 DATED 17-2-2011 nbsp The Reserve [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Prudential Norms On Investment In Zero Coupon Bonds Posted: 18 Feb 2011 10:08 PM PST RBI 2010-11 409 UCB PCB BPD Cir No 36 16 20 000 2010-11 nbsp February 18 2011 nbsp Dear Sir Madam nbsp Prudential norms on investment in Zero Coupon Bonds nbsp Please refer to paragraph 2 iii c of circu [[ This is a content summary only. Visit www.taxguru.in for full article ]]

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Palash Biswas
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