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18 July, 2008
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Latest
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n
ITAT
makes it tougher for taxmen to impose penalty
n
Falling
rupee creates fresh losses on forex derivatives
n
Americans
stash away $1.5 trillion in tax havens
n
Corporate
litigation in SC may cost more
n
Govt
plans to scrap Press Note 1
n
RTI
roving eye likely to penetrate UTI MF gu
ard
n
Govt
ready to infuse more capital in Central Bank of India: FM
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17 July, 2008
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n
Credit
rise dips below 25%: RBI
n
Govt
unhappy with Fitch's new outlook
n
Finmin
seeks clarity on Customs provision in SEZs
n
Professional
tax may rise by Rs 5,000
n
Service
tax rules leave
India Inc vexed
n
No
interest tax on lease finance company
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16 July, 2008
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n
Real
estate group in Rs 110.70-cr tax evasion
n
Liquidation
to soon get transparent hue
n
RBI may
raise repo, C
RR rates
n
Inflation
at 5.5% in 6 months: RBI
n
Pay
your tax before filing returns
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15 July, 2008
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n
No
manpower shortage for processing of tax refunds : IT dept
n
IT
Dept hits with scrutiny of tax returns
n
Delisting
to be made easier
n
Banks
asking borrowers to buy insurance
n
States
to have common tax rates
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Indirect
tax receipts up 11.5% in fi
rst quarter
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14 July, 2008
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n
Capital
gains: liability before registration
n
Competition
Commission for revamp of labour laws
n
FM
non-committal on further tax cuts
n
Referral
fees held not liable to tax
n
Sales
tax top brass to talk VAT deviations today
n
Tax
deduction on payment for housing
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12 July, 2008
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n
Sebi may
extend results deadline
n
Black
Friday for Indian economy
n
I-T
Dept to open special counters
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11 July, 2008
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n
Builders
raided for tax evasion
n
Does
service tax apply to ‘associated enterprises’?
n
Income
Tax department goes realty shopping
n
Income
tax department mops up cool Rs 60 crore from IPL
n
IPL
may pay Rs 160 cr as TDS to taxman
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10 July, 2008
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n
How
to pay zero tax on family income of Rs 13.10 lakh
n
Planning
Commission favours imposition of direct tax on SEZs
n
SAT
effect: Mysore Cement on a roll
n
Filing
income-tax returns not so easy
n
Vodafone,
I-T dept battle may shift to SC
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09 July, 2008
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n
SAT sets
aside Sebi order on Heidelberg offer
n
RBI
pushes SHG model for lending to small units
n
Cautious
RBI sticks to GDP growth projection of 8.5%
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SBI
seeks SC ruling on provisions of Securitisation Act
n
Shipping
industry seeks cut in taxes
n
Bankers
ask RBI to avoid rate hikes to manage liquidity
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08 July, 2008
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n
I-T Dept
to focus on TDS to counter collection slowdown
n
Banks
rule out further hike in deposit rates soon
n
No
tax on referral fees paid to overseas companies
n
AMFI
to evolve methodology to value floating rate bonds
n
SEBI
to look into conflict of interest between AMCs, trustees
n
‘Auditors
need to fulfil EU quality norms to operate in Europe’
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07 July, 2008
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n
CBDT
relaxes norms on scrutiny of taxpayers
n
Banks
hire detectives to trace loan evaders
n
Reddy
says regulators need more power for crisis control
n
Pharma
cos hit by new Patent Act concoction, filings drop 41%
n
LIC
losing ground in overseas market
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05 July, 2008
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n
Direct
tax receipts up 39% in Q1
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EGoM
weighs putting SEZs under minimum alternate tax
n
India
direct tax receipts up 39 pct y/y in June qtr
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Section
80C, tax planning and investments
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Vodafone
wins UK anti-avoidance tax battle
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03 July, 2008
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n
Cabinet
approves tax incentives for foreign film makers
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Govt
considering to provide service tax relief to transporters
n
New
Company Law Bill to be tabled in Parliament soon
n
SAT
sets aside Sebi order in BFSL case
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02 July, 2008
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n
All
goods taxes may come within GST
n
New
chairman for Central Board of Direct Taxes
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SAT
wants 3 separate orders for Karvy Group in demat scam
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Tax
man to attach property of tax evaders
n
TCS
to seek SEZ tax sops extension
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01 July, 2008
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n
81,000
false PAN cards detected
n
Bengal
to apply law for speedy refund of input tax to exporters
n
‘Courts
will decide whether natural gas comes under mineral oil’
n
Cyber
cafes can help in e-filing
n
Export
sops to be rolled back from Oct 1
n
‘Govt
staff need not give PAN for official deals’
n
SAT
overrules Sebi order against Karvy Stock Broking
n
SEZ
land purchase under TDS scanner
n
Western
firms find NELP-VII taxing
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30 June, 2008
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n
BP
criticizes govt over tax sops
n
Bringing
political donations to book
n
Cost
of ESOPs may rise under new norms
n
Govt
cannot take back tax incentives
n
I-T
dept to scan realty deals for evasion
n
Settlement
of service tax dues
n
Tax
on composite income of tea cos
n
Tax
payment: Amendments and implications
n
Top
bureaucrats queue up for positions in CCI
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28 June, 2008
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n
In
Gujrat , even poets pay taxes
n
Banks’
foreclosure charges liable for service tax’
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Income
tax holiday only for commercial production of crude oil
n
'No
tax holiday on gas production'
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27 June, 2008
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n
Income-tax
law only covers cos incorporated in India: Vodafone
n
Kerala’s
tax revenue at Rs 13,699 cr
n
Multiplex
industry body intensifies efforts to subsume e-tax
n
Panel
to examine VAT structure, deviations
n
Scheme
to resolve service tax disputes
n
Truckers
in rental business not to pay service tax
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26 June, 2008
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n
BCCI
'charity' tag under tax lens
n
CLB
likely to replace BIFR for practising euthanasia
n
DTAA
with Hong Kong moves to the fast track
n
Even
a few hours extra can be taxing
n
Mutual
funds raise united voice for PAN exemption
n
Nelp
bids may slip on tax turbulence
n
ONGC
highest taxpayer; tax collections up by 43%
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25 June, 2008
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n
CCI
asks SEBI to tighten listing agreement for cos
n
Direct
tax collection target raised to Rs 3.9 lakh cr
n
Sahara
misled excise dept on service tax dues?
n
Tax-saving
funds yield negative returns
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24 June, 2008
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n
Advance
tax collections declines
n
Asset
sale at a discount to not attract capital gains tax
n
Avoiding
collateral damage of flouting competition law
n
CCI
wants Sebi to include compliance audit
n
CESTAT
asked to re-examine micronutrient compound issue
n
Fees
for technical services may be taxed as business profits
n
India
signs DTAA with Syria
n
IPL
heroes may face tax bouncer
n
Kerala
traders seek vat refund
n
Project
monitoring services not a fee
n
Tax
pact with Botswana from April
n
Technology
transfer fees issue: SC view
n
Treatment
of foreign exchange in service tax law
n
Use
of internet bandwidth not liable to tax
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21 June, 2008
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n
Advance
tax collection from Mum up 76% in Apr-June
n
Central
excise officers’ powers for audit personnel
n
Industry
seeks clarity in tax laws for SEZs
n
SAT
upholds Sebi`s order on Gammon
n
Uniform
regulations for all market intermediaries
n
Vodafone
amends writ petition filed against IT
n
Vodafone
challenges govt tax rules
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20 June, 2008
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n
Direct
tax collection target revised upwards
n
ICAI
seminar to focus on data security
n
RBI
keeps credit derivative norms on hold
n
Revenue
agencies crack down on tax evasion
n
Sebi
issues fresh norms for debt securities
n
Sebi
notifies regulations on listing of debt papers & intermediaries
n
Sebi
nudges BSE to reshuffle board
n
Securities
Appellate Tribunal order not a loss of face, says SEBI
n
Securitised
debt issuer has to be a trust: Sebi
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19 June, 2008
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n
71%
direct tax kitty swells
n
Entertainment
cos get tax call on Welcome
n
Govt
relaxes income-tax refund norms
n
India,
Syria sign revised double taxation avoidance agreement
n
RBI
tightens anti-money laundering norms for RRBs
n
Sebi
moves to ease mutual fund investments
n
Tonnage
tax fails to net FDI in shipping
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18 June, 2008
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n
April-May
excise mop-up grows 0.9% against full-year target of 8%
n
Banks’
advance tax outgo signals robust Q1 results
n
CBEC
to inquire service tax evasion by Jetlite
n
Date
for tax liability on
n
Excise
duty collections rebound 4.4% in May
n
Indirect
tax collections up
n
New
ICSI norms to bring about more clarity
n
Ranbaxy
may go for bulk deal to save tax
n
Reward
taxmen to sustain revenue boom
n
Software
firms confused over service tax
n
Stocks
gain on higher advance tax collection
n
Tax
dues: HC asks collector to issue notices to Bharti, Vodafone
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17 June, 2008
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n
India
Inc takes FM cue, ups advance tax outgo
n
Insurance
products should be simple: Chidambaram
n
IT
companies with SEZ units may face tax trap
n
I-T
officials unearth Rs 11.88 cr unaccounted income
n
Liaison
offices of MNCs can't be taxed, rules ITAT
n
Press
Note 7 blocks FDI in select sectors
n
RBI
seeks public comments on master circular on FDI
n
States
ask Centre to make good the loss on fuel levy cuts
n
Steel
pipe makers gain on withdrawal of export tax
n
To
seek Rs 4,000 cr from Centre for cutting oil taxes
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16 June, 2008
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n
Advance
taxes, repo hike may impact liquidity
n
Centre
may mop up rs. 3.2 lakh crore thru indirect taxes
n
Fixed
cost not to be counted as predatory pricing: CCI
n
India
requires adding more teeth to money laundering laws
n
No
addition to income sources if assessment is over, rules ITAT
n
TN
Govt gives BMW tax relief in ‘public interest’
n
Traders
want withdrawal of VAT on ‘made-ups’
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14 June, 2008
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n
Big
tax rides on malls, multiplexes
n
CCI
prepares code for industry bodies
n
'File
your tax returns in time or face action'
n
Obama
wants payroll tax on incomes above $250,000
n
Tax
sword hangs over Ranbaxy-Daiichi deal
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13 June, 2008
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n
Cabinet
okays
double taxation pact with
Syria
n
Campaign
to boost tax deduction at source
n
Deal
under taxmen’s scanner
n
Excise-free
states lose biz on duty cut
n
Former
Samsung chairman apologizes at tax evasion trial
n
ICAI
plans course for ‘second tier of accountants’
n
I-T
slaps Rs 209 cr claim on Reach
n
RBI
sets m-banking norms
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12 June, 2008
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n
Excise
exemption norms relaxed
n
ONGC
seeks Rs 3,000 crore tax rebate
n
Plan
to boost revenue generation hangs fire
n
Pune
to have first advisory committee on service tax
n
Ranbaxy
promoters may duck capital gains tax, pay STT
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10 June, 2008
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n
CTT
to be notified, but Govt not in hurry
n
Firms
take cover in Clause 49, asks banks & FIs to withdraw nominees
n
FM
asks CBDT to target higher tax collection this fiscal
n
Govt
to launch biometric PAN cards
n
No
tax relief for new IT investment regions
n
Set
transfer pricing value on deal basis, rules ITAT
n
Sourcing
arms of NRIs not to pay tax`
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09 June, 2008
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n
Cost
of direct tax collection at all-time low
n
E-governance
project set for revamp
n
Indian
FDI policy cuts a sorry figure
n
Interest
on NRO account to be taxed as investment income
n
Services
exports: Some issues
n
SEZs
run into stamp duty wall
n
Transfer
of cases: I-T dept moves SC
n
VAT
panel meeting may discuss sales tax compensation issues
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07 June, 2008
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n
36%
increase in direct tax collections
n
Good
tax cuts
n
I-T
dept may spoil BCCI's IPL party
n
IPL
bounty may bring BCCI in income tax net
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06 June, 2008
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n
CBEC
notifies guidelines of amnesty scheme
n
CIC
turns down plea on Ambani's I-T details
n
CLB
settles Lakhani Group dispute
n
Compensation
for breach of contract
n
Only
state-run refineries to get tax holidays
n
Properties
vacant for a year entitled to vacancy allowance
n
VAT
Panel to meet on June 16
n
Visa,
Mastercard to come under PML Act
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05 June, 2008
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n
...asks
govt to include oil subsidies in budget
n
A `green`
tax in India!
n
Compensation
for breach of contract
n
I-T
collection in J&K grows 40.5%
n
ITAT
rules on determining rental income for tax liability
n
Maha
mulls tax cut
n
Setting
PAN limits in insurance, MF investments
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04 June, 2008
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n
CII
moots tax incentives to develop backward areas
n
Delhi
large
taxpayer unit launch postponed
n
Govt
restores tax benefits under DEPB to cement exports
n
I-T
exempts oil PSUs from tax breaks
n
ITAT
can allow amends in I-T return if appeal filed within 4 years of its
order
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03 June, 2008
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n
Banking,
financial activities to come under service tax scanner
n
Corporate
Governance and Audit
n
India
signs DTAA with
Luxembourg
n
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