Fwd: TaxGuru.in : Legal & Tax Updates

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From: LEGAL & FINANCIAL UPDATES FROM TAX GURU <info@taxguru.in>
Date: Fri, Dec 24, 2010 at 9:35 AM
Subject: TaxGuru.in : Legal & Tax Updates
To: palashbiswaskl@gmail.com

TaxGuru.in : Legal & Tax Updates

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• WB Raises 12 5 Per Cent VAT Slab By 1 Per Cent
• How To Invest At Peak Rate In Rising Interest-rate Scenario
• Commonwealth Games Files Missing- CBI To Investigate
• Govt Wants Google To Share Gmail S Encryption Keys
• Review Of Steps Taken By Ministry Of Corporate Affairs During The Calender Year 2010
• TDS Rates TDS Chart For A Y 2011-12 Financial Year 2010-11
• HC May Impose Costs But Should Decide Issues On Merit Rather Than Dismissing Revenue S Appeal On Mere Ground Of Delay- SC
• Central Excise - SSI Exemption Not Available If Assessee Uses Another Person S Brand Name
• Excise Duty -Scope Of Notification Nos 49 2003-CE And 50 2003-CE Both Dated 10 06 2003
• Notification No 101 2010 - Customs N T
• Notification No 128 2010-Customs Dated 22-12-2010
• Asian Clearing Union ACU Mechanism Payments For Import Of Oil Or Gas
• RBI Increases LTV Ratio Risk Weight And Provisioning In Respect Of Housing Loans By Commercial Banks

WB Raises 12 5 Per Cent VAT Slab By 1 Per Cent Posted: 24 Dec 2010 12:16 AM PST The West Bengal Assembly today passed a Bill raising the 12 5 per cent slab of VAT to 13 5 per cent with the government saying that the rise will bring an additional revenue of Rs 225 crore to the state exchequer Replying to th [[ This is a content summary only. Visit www.taxguru.in for full article ]]

How To Invest At Peak Rate In Rising Interest-rate Scenario Posted: 24 Dec 2010 12:14 AM PST Fixed deposits rates are on the rise Though the investors living on interest income are happy about it they are finding it difficult to catch the peak The biggest challenge an investor faces in a rising-rate scenario is to identi [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Commonwealth Games Files Missing- CBI To Investigate Posted: 24 Dec 2010 12:13 AM PST Some of the crucial documents which could throw light on Commonwealth Games deals have gone missing with the probe agencies fearing that they could have been destroyed or hidden Official sources said that the key files which contai [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Govt Wants Google To Share Gmail S Encryption Keys Posted: 24 Dec 2010 12:06 AM PST With Nokia succumbing to pressure and recently setting up its email server in New Delhi for government authorities to snoop the Union Home Ministry which has tasted blood is now exerting pressure on Google Inc to share Gmail s [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Review Of Steps Taken By Ministry Of Corporate Affairs During The Calender Year 2010 Posted: 23 Dec 2010 11:32 PM PST Ministry of Corporate Affairs Promoting the Growth of Indian Corporate Sector Through Enlightened Regulations nbsp YEAR-END REVIEW- 2010 - nbsp nbsp The basic charter of Ministry of Corporate Affairs is to promote the growth of the [[ This is a content summary only. Visit www.taxguru.in for full article ]]

TDS Rates TDS Chart For A Y 2011-12 Financial Year 2010-11 Posted: 23 Dec 2010 10:51 PM PST Latest and fully updated TDS Rates TDS Chart for A Y 2011-12 Financial Year 2010-11 with all the amendments till the date of publication of this article is given below In Budget 2010 TDS rates has not been changed but cut off amo [[ This is a content summary only. Visit www.taxguru.in for full article ]]

HC May Impose Costs But Should Decide Issues On Merit Rather Than Dismissing Revenue S Appeal On Mere Ground Of Delay- SC Posted: 24 Dec 2010 01:22 AM PST Supreme Court held that Looking to the amount of tax involved in this case we are of the view that the High Court ought to have decided the matter on merits In all such cases where there is delay on the part of the Department we req [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Central Excise - SSI Exemption Not Available If Assessee Uses Another Person S Brand Name Posted: 24 Dec 2010 12:55 AM PST Central Excise - SSI Exemption - Use of another person s brand name - Not entitled for exemption It is manifest from a bare reading of Clause 4 of the Notification read with Explanation IX that it clearly debars an assessee from the [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Excise Duty -Scope Of Notification Nos 49 2003-CE And 50 2003-CE Both Dated 10 06 2003 Posted: 24 Dec 2010 12:48 AM PST Circular No 939 29 2010-CX nbsp New Delhi dated the 22nd December 2010 nbsp Subject nbsp Scope of Notification Nos 49 2003-CE and 50 2003-CE both dated 10 06 2003 nbsp Kind attention is invited to Notification N [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Notification No 101 2010 - Customs N T Posted: 24 Dec 2010 12:38 AM PST Notification No 101 2010 - Customs N T New Delhi dated the 22nd December 2010 S O E In exercise of the powers conferred by sub-section 1 of section 4 of the Customs Act 1962 52 of 1962 the Central Board of Excis [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Notification No 128 2010-Customs Dated 22-12-2010 Posted: 24 Dec 2010 12:34 AM PST Notification No 128 2010-Customs nbsp nbsp New Delhi the nbsp nbsp nbsp 22nd December 2010G S R 1002 E - nbsp In exercise of the powers conferred by sub-section 1 of section 25 of the Customs Act 1962 52 of 1962 the Ce [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Asian Clearing Union ACU Mechanism Payments For Import Of Oil Or Gas Posted: 24 Dec 2010 12:28 AM PST RBI 2010-11 326A P DIR Series Circular No 30 December 23 2010 Asian Clearing Union ACU Mechanism Payments for import of Oil or Gas nbsp Attention of Authorised Dealer AD banks is invited to Regulation 5 of Notif [[ This is a content summary only. Visit www.taxguru.in for full article ]]

RBI Increases LTV Ratio Risk Weight And Provisioning In Respect Of Housing Loans By Commercial Banks Posted: 24 Dec 2010 12:25 AM PST Housing Loans by Commercial Banks LTV Ratio Risk Weight and Provisioning nbsp RBI No 2010-11 324 DBOD No BP BC 69 08 12 001 2010-11 nbsp December 23 2010 nbsp The Chairmen and Managing Directors nbsp Chief Execu [[ This is a content summary only. Visit www.taxguru.in for full article ]]

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