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Lawyersclubindia News


FRINGE BENEFIT TAX MUST GO

   28 May 2009 at 16:08

FRINGE BENEFIT TAX MUST GO T.C.A.RAMANUJAM Fringe Benefit Tax was introduced in the Income tax Act, 1961 through the Finance Act, 2005 which incorporated Chapter XII-H in the Act w.e.f 1.4.2006. It contains provisions relating to definitions, charge ..

Posted in Taxation |   354 Views


RECENT CHANGES IN THE PROVISIONS REGARDING TAX DEDUCTION AT

   28 May 2009 at 16:06

RECENT CHANGES IN THE PROVISIONS REGARDING TAX DEDUCTION AT SOURCE (TDS) AND TAX COLLECTION AT SOURCE (TCS)DR. VINOD K. SINGHANIA This article examines the impact of the amendments made by the Income-tax (Sixth Amendment) Rules, 2009, Income-tax (Sev ..

Posted in Taxation |   401 Views


NEW PENSION SCHEME - AN OVERVIEW

   28 May 2009 at 13:44

NEW PENSION SCHEME - AN OVERVIEW Sudhir Halakhandi The Government of India has announced that New Pension Scheme (NPS) is open for all the citizens from 1st. May 2009 hence it will be useful for all the citizens of the country who do not have any so ..

Posted in Others |   274 Views


CENVAT RATE TAXES MINISTRY

   28 May 2009 at 13:42

There is a difference of opinion in the Finance Ministry on the way the Cenvat rate (excise duty rate) should move in the coming days. Different groups are pulling in different directions. Some senior officials advocate that the median Cenvat rate sh ..

Posted in Taxation |   279 Views


Power of Registrar to call for information or explanation

   28 May 2009 at 13:24

HIGH COURT OF DELHIHarbans Lalv.Registrar of CompaniesDR. S. MURALIDHAR, J.CRL. M.C. NOS. 2264-67 OF 2006AND CRL. M.A. NOS. 3621-22 OF 2006MARCH 20, 2009Section 234 of the Companies Act, 1956 - Power of Registrar to call for information or explanatio ..

Posted in Corporate Law |   498 Views


MAHARASHTRA GOVT TO AMEND SECTION 48 (1) OF BOMBAY STAMP ACT

   28 May 2009 at 13:01

Residents of the Mumbai metropolitan region who were short-changed by builders while buying flats will get stamp duty refund provided the transaction remains incomplete. The Maharashtra Government has decided to amend Section 48 (1) of the Bombay Sta ..

Posted in Others |   403 Views


SEBI IMPOSES HEAVY PENALTY FOR FRAUDS IN F&O MKT

   28 May 2009 at 13:00

Market regulator SEBI imposed a penalty of Rs 17.5 lakh on Delhi-based broker Suresh Bharrat for alleged irregularities in trading of scrip of firms like Essar Oil, Suzlon and TCS in the future and options market. However, SEBI said no quantifiable f ..

Posted in Corporate Law |   316 Views


'I-T RAID OVER TAX-EVASION DOUBT JUSTIFIED'

   28 May 2009 at 13:00

The income-tax department has the right to carry out a raid and attach property, if it has reason to suspect that income is likely to escape tax net in absence of prompt action, a division bench of the Bombay High Court has ruled. The division bench, ..

Posted in Taxation |   279 Views


New guidelines to check tax evasion by charitable trusts

   28 May 2009 at 09:49

Some five months after the government issued a notice asking charitable trusts to pay tax on revenue they earn from commercial activities, it is framing guidelines to check tax evasion at such entities, including Indian cricket’s governing boar ..

Posted in Taxation |   266 Views


SC rejects Amarinder Singh plea to transfer case against Bad

   27 May 2009 at 15:39

In a major victory for Punjab Chief Minister Parkash Singh Badal, the Supreme Court today dismissed a petition filed by former chief minister Capt Amarinder Singh, seeking transfer of a corruption case pending against aim outside the state of Punjab. ..

Posted in Others |   212 Views