Fwd: TaxGuru.in : Legal & Tax Updates

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From: LEGAL & FINANCIAL UPDATES FROM TAX GURU <info@taxguru.in>
Date: Sat, Jan 1, 2011 at 9:37 AM
Subject: TaxGuru.in : Legal & Tax Updates
To: palashbiswaskl@gmail.com

TaxGuru.in : Legal & Tax Updates

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• Income Tax Dept Detects Tax Evasion Of Rs 1 900 Crore
• India Opposes Two Per Cent Tax On Foreign Procurement Imposed By US
• ICAI Convocation II -2010
• 50 Paise Coins To Be Minimum Denomination Coin Acceptable For Transaction From June 30 2011
• Taxing Times Ahead For High Net Worth Individuals
• U S 254 2 Tribunal Entitled To Recall Order In Entirety To Rectify Apparent Mistake
• SEBI Foreign Venture Capital Investors Amendment Regulations 2010 - Amendment In First Schedule

Income Tax Dept Detects Tax Evasion Of Rs 1 900 Crore Posted: 31 Dec 2010 03:21 AM PST Duty evasion to the tune of more than Rs 1 900 crore was detected today during raids conducted by commercial tax department on gutkha and pan masala units in different parts of Uttar Pradesh an official here said nbsp During [[ This is a content summary only. Visit www.taxguru.in for full article ]]

India Opposes Two Per Cent Tax On Foreign Procurement Imposed By US Posted: 31 Dec 2010 03:17 AM PST Government today said the recent US legislation imposing a two per cent tax on foreign procurement and extending the present visa fee till 2015 will create a bias against the Indian IT sector nbsp nbsp The US government has recent [[ This is a content summary only. Visit www.taxguru.in for full article ]]

ICAI Convocation II -2010 Posted: 31 Dec 2010 03:13 AM PST The Convocation for the newly enrolled Members for the period from March 2010 to August 2010 will be held as per schedule given below with a view to inculcate a sense of belongingness and attachment with the Institute nbs [[ This is a content summary only. Visit www.taxguru.in for full article ]]

50 Paise Coins To Be Minimum Denomination Coin Acceptable For Transaction From June 30 2011 Posted: 31 Dec 2010 02:45 AM PST Government Calls in from Circulation Coins of Denomination of 25 Paise and below- nbsp The Central Government Ministry of Finance has notified on December 20 2010 to call in from circulation the coins of denomination of 25 pai [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Taxing Times Ahead For High Net Worth Individuals Posted: 31 Dec 2010 02:40 AM PST Early this month FM Pranab Mukherjee had okayed the setting up of a high-level multi-disciplinary panel to study black money at home and abroad and another panel to suggest counter-measures against tax havens These actions are li [[ This is a content summary only. Visit www.taxguru.in for full article ]]

U S 254 2 Tribunal Entitled To Recall Order In Entirety To Rectify Apparent Mistake Posted: 31 Dec 2010 04:53 AM PST whether the tribunal has the power to recall the order in entirety under Section 254 2 of the Act - A The decision rendered in Honda Siel Power Products Ltd supra by the Apex Court is an authority for the proposition that the In [[ This is a content summary only. Visit www.taxguru.in for full article ]]

SEBI Foreign Venture Capital Investors Amendment Regulations 2010 - Amendment In First Schedule Posted: 31 Dec 2010 05:31 AM PST NOTIFICATION NO LAD-NRO GN 2010-11 22 30364 DATED 21-12-2010 In exercise of the powers conferred by section 30 of the Securities and Exchange Board of India Act 1992 15 of 1992 the Board hereby makes the following regul [[ This is a content summary only. Visit www.taxguru.in for full article ]]

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Palash Biswas
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