Wednesday, February 9, 2011

Fwd: TaxGuru.in : Legal & Tax Updates

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Date: Wed, Feb 9, 2011 at 10:03 AM
Subject: TaxGuru.in : Legal & Tax Updates
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TaxGuru.in : Legal & Tax Updates

Link to LEGAL & FINANCIAL UPDATES FROM TAX GURU

ICAI Asks Big Four Audit Firms Not To Buy Out Indian Cos
Unlisted Companies Shall Not Require Government Approval For Managerial Remuneration Where They Have No Profits
New Dimension To TDS Provisions
Budget 2011 Bridging Gap Between Present And Proposed Indirect Tax Structure In India
Understanding TDS With Latest Judicial Judgements
Interest And Remuneration To Partners U S 40 B Of Income Tax Act 1961

ICAI Asks Big Four Audit Firms Not To Buy Out Indian Cos

Posted: 09 Feb 2011 01:32 AM PST

Amid concerns of alleged surrogate practices of Big Four accounting firms regulator ICAI has asked PriceWaterhouseCoopers KPMG Ernst amp amp Young and Deloitte to desist from acquiring Indian audit outfits nbsp Worldwide

[[ This is a content summary only. Visit www.taxguru.in for full article ]]

Unlisted Companies Shall Not Require Government Approval For Managerial Remuneration Where They Have No Profits

Posted: 09 Feb 2011 12:52 AM PST

Schedule XIII of the Companies Act 1956 Being Amended- Unlisted Companies shall not Require Government Approval for Managerial Remuneration where they have no Profits nbsp The Ministry of Corporate Affairs issued today a notific

[[ This is a content summary only. Visit www.taxguru.in for full article ]]

New Dimension To TDS Provisions

Posted: 09 Feb 2011 12:14 AM PST

CA S SriramStarting form the allegation of Reliance Communication routing international call as local call through BSNL s network to the recent 2G scam that calls for a Joint Parliamentary Committee to be constituted telecom compa

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Budget 2011 Bridging Gap Between Present And Proposed Indirect Tax Structure In India

Posted: 09 Feb 2011 12:02 AM PST

By Satish Bhanushali nbsp nbsp nbsp The month of February is always a speculation filled month in India as at the end of the month India receives a Budget for the coming fiscal year Bearing in mind the proposed overhaul in

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Understanding TDS With Latest Judicial Judgements

Posted: 08 Feb 2011 11:54 PM PST

CA Manish Kumar Agarwal The Tax deducted at source TDS is covered under chapter XVII of the Income Tax Act 1961 There are number of sections amp subsections under which TDS has to be deducted but the important which are m

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Interest And Remuneration To Partners U S 40 B Of Income Tax Act 1961

Posted: 08 Feb 2011 10:41 PM PST

Section 40 b of Income Tax Act places some restrictions and conditions on the deductions of expenses available to an assessee assessable as a partnership firm in relation to the remuneration and interest payable to the partners of

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