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Lawyersclubindia News


Wife's suspicion can't be ground for divorce

   26 September 2009 at 23:19

Observing that mere suspicion of a woman about her husband's affair with another woman cannot be a ground for divorce, the Bombay High Court has set aside a divorce granted to a techie and his lecturer wife by a family court in Pune. After marriage, ..

Posted in Family Law |   1566 Views


GRAMNYAYALAYAS NOTIFICATION ON 02OCT2009

   26 September 2009 at 17:06

ON 2ND OCT 2009, THE UNION GOVRNMENT ISSUING NOTIFICATION WHICH CLEARS WAY TO STATES TO FORM THE GRAMA NYALAYAS. THERE WILL 5 THOUSAND FIRST CLASS MAGISTRATE COURTS IN ALL OVER INDIA, BUT THIS YEAR INTIALLY IT WILL BE AROUND 200NOS,LATER THE TOTAL CO ..

Posted in Civil Law  1 comments |   887 Views


HC PUTS SOFTWARE FROM GLOBAL VENDORS IN TDS NET

   25 September 2009 at 17:36

THE Karnataka High Court has ruled that technology firms are subject to withholding taxdeduction of tax at sourceon purchase of software from global vendors such as Microsoft. This would push technology firms and branded software distributors into a ..

Posted in Taxation |   1766 Views


NEW TAX MAY PUSH UP COST OF NON-LIFE COVER

   25 September 2009 at 17:34

Cost of insurance for property and health could rise next year as proposed taxes on investment income will wipe out whatever margins are left for non-life companies. Balance sheet data for `08-09 of the non-life insurance companies in India reveal th ..

Posted in Taxation |   601 Views


DIRECT TAX CODE NEEDS OVERHAUL: EXPERTS

   25 September 2009 at 17:28

A raft of tax experts and professional bodies including chambers of commerce across the country thinks virtually every line of the new direct tax code may have to be rewritten to shield domestic companies and their operations, both in India and over ..

Posted in Taxation |   809 Views


Insurance claims may be taxable under new code

   25 September 2009 at 16:58

The insurance claims paid to policy holders in the event of death or disability will be subject to payment of income tax if the new Direct Taxes Code proposals are implemented. The Code proposes that contributions by the insured are subject to the EE ..

Posted in Taxation  2 comments |   601 Views


SEBI has no application for dual listing

   25 September 2009 at 16:57

India's capital markets regulator said on Tuesday it has not received an application for dual listing, seen as a key issue holding up a finalisation of tie-up talks between Bharti Airtel and South Africa's MTN. Securities and Exchange Board of India ..

Posted in Corporate Law |   313 Views


FM to discuss 'tax code' with biz chambers

   25 September 2009 at 16:56

Finance Minister Pranab Mukherjee will meet leading industry chambers here on October 9 to discuss issues arising out of the proposed new direct tax regime. The three industry bodies, CII, FICCI and Assocham are expected to take a common stand on the ..

Posted in Taxation |   271 Views


Advance tax collections up threefold in second quarter

   25 September 2009 at 16:54

New Delhi: Taxes paid by Indian companies more than doubled in the three months through September, suggesting growth in Asia’s third biggest economy may be strengthening. Advance taxes paid by local companies rose to Rs44,010 crore in the July- ..

Posted in Taxation |   229 Views


UNIFORM GST TO HELP MSMES: SURVEY

   25 September 2009 at 16:48

A uniform goods and services tax (GST) structure would help resolve most of the tax problems faced by the MSME sector, a survey said. “Introduction of a unified goods and services tax system would resolve most of the tax related challenges the ..

Posted in Taxation |   259 Views