Re: UPDATES FROM TAX GURU (in this message: 9 new items)

On 1/17/10, LEGAL & FINANCIAL UPDATES FROM TAX GURU <info@taxguru.in> wrote:
> LEGAL & FINANCIAL UPDATES FROM TAX GURU
>
> ///////////////////////////////////////////
> New perquisite valuation rules to hit employees with company cars
>
> Posted: 16 Jan 2010 07:11 PM PST
> http://feedproxy.google.com/~r/taxguru/CWWK/~3/b8TIUfqSXBw/new-perquisite-valuation-rules-to-hit-employees-with-company-cars.html?utm_source=feedburner&utm_medium=email
>
> New perk rules :- Under the new perquisite rules, a distinction is to be
> made between the car owned by the employer and the car owned by the
> employee, as the value of the tax perquisite in the two scenarios varies
> considerably. Even though there...
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> [[ This is a content summary only. Visit my website www.taxguru.in for full
>
> article ]]
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> It-Department wants to tax inter-corporate loans given to unrelated
> companies, but with common shareholders as deemed dividend
>
> Posted: 16 Jan 2010 06:36 PM PST
> http://feedproxy.google.com/~r/taxguru/CWWK/~3/ddSF7dezXaQ/it-department-wants-to-tax-inter-corporate-loans-given-to-unrelated-companies-but-with-common-shareholders-as-deemed-dividend.html?utm_source=feedburner&utm_medium=email
>
> Inter-company loans, known as 'deemed dividends', are used by companies to
>
> route dividend in the form of loans to companies which have common
> shareholders — both in the company giving the loan and the one borrowing
> it. It is done to avoid paying...
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> [[ This is a content summary only. Visit my website www.taxguru.in for full
>
> article ]]
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> AEDS announced Scholarship Scheme for CA Students
>
> Posted: 16 Jan 2010 06:25 PM PST
> http://feedproxy.google.com/~r/taxguru/CWWK/~3/il8a4GjncUA/aeds-announced-scholarship-scheme-for-ca-students.html?utm_source=feedburner&utm_medium=email
>
> Accounting Education and Development Society (AEDS) has promoted the
> accounting and financial management studies and in a step forward has
> announced the scholarship for the meritorious students of accounting
> profession. To start with the SOCIETY has...
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> [[ This is a content summary only. Visit my website www.taxguru.in for full
>
> article ]]
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> MVAT Notification on Delegation of Powers
>
> Posted: 16 Jan 2010 06:21 PM PST
> http://feedproxy.google.com/~r/taxguru/CWWK/~3/V2o4aSdpliA/mvat-notification-on-delegation-of-powers.html?utm_source=feedburner&utm_medium=email
>
> No. DC ( A R) PWRJJC/2009/6(2)/ADM-6.—In exercise of the powers conferred
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> by sub-section (5) of section 10 of the Maharashtra Value Added Tax Act,
> 2002 (Mah. IX of 2005), the Commissioner of Sales Tax, Maharashtra State,
> Mumbai, hereby amends...
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> [[ This is a content summary only. Visit my website www.taxguru.in for full
>
> article ]]
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> ICAI asked government to defer the implementation of GST by one year
>
> Posted: 16 Jan 2010 06:11 PM PST
> http://feedproxy.google.com/~r/taxguru/CWWK/~3/y4LmpFBpEVk/icai-asked-government-to-defer-the-implementation-of-gst-by-one-year.html?utm_source=feedburner&utm_medium=email
>
> The Institute of Chartered Accountants of India (ICAI) has asked the
> government to defer the implementation of Goods and Services Tax (GST) from
>
> April 1, 2010 by an year to allow for a smoother transition to the new
> indirect tax framework.
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> [[ This is a content summary only. Visit my website www.taxguru.in for full
>
> article ]]
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> ICAI announcement on Counting of Votes pertaining to 21st Council from
> Central India Regional Constituency
>
> Posted: 16 Jan 2010 06:08 PM PST
> http://feedproxy.google.com/~r/taxguru/CWWK/~3/F-uaQgG8Doo/icai-announcement-on-counting-of-votes-pertaining-to-21st-council-from-central-india-regional-constituency.html?utm_source=feedburner&utm_medium=email
>
> counting of votes, without giving effect to the Order dated 30th December,
>
> 2009 issued by the undersigned as Returning Officer during the counting
> process pertaining to the 21st Council from Central India Regional
> Constituency shall be held at 11.00...
>
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> [[ This is a content summary only. Visit my website www.taxguru.in for full
>
> article ]]
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> Shares activity treated as investment in earlier years cannot be treated as
>
> business in subsequent years if facts are the same
>
> Posted: 16 Jan 2010 09:40 AM PST
> http://feedproxy.google.com/~r/taxguru/CWWK/~3/pmCn6qMfOjw/shares-activity-treated-as-investment-in-earlier-years-cannot-be-treated-as-business-in-subsequent-years-if-facts-are-the-same.html?utm_source=feedburner&utm_medium=email
>
> The income from investment activity was offered as capital gains while the
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> income from dealing activity was offered as business income. This position
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> was accepted by the AO in the earlier years. In AY 2005-06, the AO took a
> different view and held...
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> [[ This is a content summary only. Visit my website www.taxguru.in for full
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> article ]]
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> RBI circular on Remittance of Salary - Relaxation
>
> Posted: 16 Jan 2010 09:30 AM PST
> http://feedproxy.google.com/~r/taxguru/CWWK/~3/z8GPwPbJDI0/rbi-circular-on-remittance-of-salary-relaxation.html?utm_source=feedburner&utm_medium=email
>
> employee of a foreign company or a citizen of India employed by a foreign
> company outside India, and in either case on deputation to the office/
> branch/ subsidiary/ joint venture in India of such foreign company, may
> open, hold and maintain a...
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> [[ This is a content summary only. Visit my website www.taxguru.in for full
>
> article ]]
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> One circular- many solutions
>
> Posted: 16 Jan 2010 09:03 AM PST
> http://feedproxy.google.com/~r/taxguru/CWWK/~3/FTQsyWTGEQo/one-circular-many-solutions.html?utm_source=feedburner&utm_medium=email
>
> In these CHA services, during the import or export of goods, apart from the
>
> service of CHA there are various other services which are involved like the
>
> port services, terminal handling service, cargo handling service, cleaning
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> or fumigation of...
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> [[ This is a content summary only. Visit my website www.taxguru.in for full
>
> article ]]
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Palash Biswas
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