BAMCEF UNIFICATION CONFERENCE 7

Published on 10 Mar 2013 ALL INDIA BAMCEF UNIFICATION CONFERENCE HELD AT Dr.B. R. AMBEDKAR BHAVAN,DADAR,MUMBAI ON 2ND AND 3RD MARCH 2013. Mr.PALASH BISWAS (JOURNALIST -KOLKATA) DELIVERING HER SPEECH. http://www.youtube.com/watch?v=oLL-n6MrcoM http://youtu.be/oLL-n6MrcoM

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Thursday, July 7, 2011

Fwd: TaxGuru : “No disallowance under s 40(a)(ia) can be made for the non-deduction of tax under s 194C in absence of a continuous contract, oral or written” plus 31 more



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From: TaxGuru.in - Daily Tax and Corporate Law Update <info@taxguru.in>
Date: Thu, Jul 7, 2011 at 9:37 AM
Subject: TaxGuru : “No disallowance under s 40(a)(ia) can be made for the non-deduction of tax under s 194C in absence of a continuous contract, oral or written” plus 31 more
To: palashbiswaskl@gmail.com


TaxGuru : “No disallowance under s 40(a)(ia) can be made for the non-deduction of tax under s 194C in absence of a continuous contract, oral or written” plus 31 more

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No disallowance under s 40(a)(ia) can be made for the non-deduction of tax under s 194C in absence of a continuous contract, oral or written

Posted: 06 Jul 2011 07:22 PM PDT

Dy. CIT v Niten Hasmukhbhai Shah (ITAT Ahemdabad)- Since the finding of Ld. CIT(A) that there was no oral or written contract with the assessee and the Roopal Roadways which is confirmed by the clarificatory certificate issued by Roopal Roadways,...

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If the main intention is to exploit the immovable property by way of complex commercial activities, in that event, it must be held as business income

Posted: 06 Jul 2011 06:42 PM PDT

ITO vs. Shanaya Enterprises (ITAT Mumbai) - Merely because income is attached to any immovable property cannot be the sole factor for assessment of such income as income from property; what has to be seen is what was the primary object of the...

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Frequently Asked Questions (FAQs) on Fast Track Exit Mode

Posted: 06 Jul 2011 05:48 PM PDT

What is Fast Track Exit (FTE) Mode? Ministry has issued Guidelines for 'Fast Track Exit (FTE) Mode' to give opportunity to the defunct companies to get their names struck off from the register under Section 560 of the Companies Act, 1956 in time...

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Taxmen Now Eye Jewellery Purchases

Posted: 06 Jul 2011 09:21 AM PDT

Recently, Income Tax Department searched a large number of private lockers and vaults in the city which resulted in unearthing of unaccounted or unexplained jewellery, gold, diamonds and cash in the lockers belonging to people whose whereabouts are...

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Small Scale Unit (SSI) and Clubbing of Turnover

Posted: 06 Jul 2011 09:09 AM PDT

While presenting his budget proposals for 2011-12 on 28th February 2011 the Finance Minister Shri Pranab Mukherjee proposed certain changes in the Central Excise rate structure to prepare the ground for the transition to GST, beginning with a...

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Constitution of Senior and Junior Standing Counsels for handling Indirect Tax Cases before HC

Posted: 06 Jul 2011 08:45 AM PDT

Constitution of panel of Senior Standing Counsels and Junior Standing Counsels for handling cases of Indirect Taxation cases before the Hon'ble High Courts/other Judicial forums

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FM is Optimistic About Sustaining Growth Momentum in 2011-12 and Coming Years as Economy’s Fundamentals are Strong

Posted: 06 Jul 2011 08:41 AM PDT

The Union Finance Minister Shri Pranab Mukherjee said that during the global financial crisis of 2008, our GDP growth rate lowered to 6.8 per cent in 2008-09 but the economy rallied back with an 8 per cent growth in 2009-10. Shri Mukherjee said...

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Extension of terminal date of basic custom duty exemption on raw sugar and white/refined sugar

Posted: 06 Jul 2011 08:28 AM PDT

Notification No. 55 /2011 - Customs In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby...

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Master Circular – Lending To Priority Sector

Posted: 06 Jul 2011 08:24 AM PDT

The Reserve Bank of India has, from time to time, issued a number of guidelines/instructions/directives to banks on lending to Priority Sector. In order to enable the banks to have current instructions at one place, a Master Circular incorporating...

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CBI registers a case against the then Additional Central Provident Fund Commissioner and eight officers of EPFO

Posted: 06 Jul 2011 08:17 AM PDT

The Central Bureau of Investigation has registered a case u/s 120B IPC r/w 420 IPC and 13(2) r/w 13(1)(d) of P.C. Act 1988 against the then Additional Central Provident Fund Commissioner and other 8 then officers of EPFO Delhi who had entered into a...

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RBI Releases Draft Guidelines on Equity Investments by scheduled commercial banks in subsidiaries and other companies

Posted: 06 Jul 2011 08:15 AM PDT

Following the announcement in the Second Quarter Review of Monetary Policy 2010-11 (paragraph 107) that guidelines stipulating the prudential limits to regulate the investment of banks in companies engaged in forms of business other than financial...

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FM Says Major Challenge in Short Term is Inflation and Government Takes Various Steps to Contain it

Posted: 06 Jul 2011 03:22 AM PDT

The Union Finance Minister Shri Pranab Mukherjee said that during the global financial crisis of 2008, our GDP growth rate lowered to 6.8 per cent in 2008-09 but the economy rallied back with an 8 per cent growth in 2009-10. Shri Mukherjee said...

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Information about TAN in Q. A. format (Updated)

Posted: 06 Jul 2011 02:03 AM PDT

1. What is TAN? TAN or Tax Deduction and Collection Account Number is a 10 digit alpha numeric number required to be obtained by all persons who are responsible for deducting or collecting tax. It is compulsory to quote TAN in TDS/TCS return...

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Limited Liability Partnership Rules, 2009 (Amendment) Rules, 2011

Posted: 05 Jul 2011 10:38 PM PDT

These rules may be called the Limited Liability Partnership Rules, 2009 (Amendment) Rules, 2011. Designated Partnership Identification Number (DPIN) means an identification number which the Central Government may allot to any individual, intending...

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Companies Director Identification Number (Third Amendment) Rules, 2011

Posted: 05 Jul 2011 10:27 PM PDT

These rules may be called the Companies Director Identification Number (Third Amendment) Rules, 2011. They shall come into three with effect from 9th July, 2011. Director Identification Number (DIN) means an identification number which the Central...

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Spice Communications – HC rejects Application filed under rule 6 and 9 of the Companies Rule, 1959

Posted: 05 Jul 2011 10:10 PM PDT

SPICE COMMUNICATIONS LIMITED & ANR Company Applications No. 578-579/2011 have been filed by the Department of Telecommunication (in short ‘DOT’) under Rules 6 and 9 of the Companies (Court) Rules, 1959 for recall and stay of this Court’s order...

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VAT department of Government of Delhi confiscate 56 trucks for evading taxes

Posted: 05 Jul 2011 10:03 PM PDT

In a major haul, the VAT department of Government of Delhi has confiscated 56 trucks in the capital for transporting goods without paying the required taxes. The trucks were confiscated in an operation carried out by 15 teams comprising officials of...

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Govt extends duty-free sugar import deadline till August 31

Posted: 05 Jul 2011 10:02 PM PDT

The government today extended duty-free import of sugar for two months till August-end amid inflationary pressure. The zero-duty sugar import deadline, which expired on June 30, has been extended till August 31, this year, a notification issued by...

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Allocation of quantities of cotton for export in terms of Public Notice No.55 dated 17.06.2011

Posted: 05 Jul 2011 09:58 PM PDT

Trade Notice No. 12/2011 Dated the 6th July, 2011 Public Notice No. 55(RE-2010)/2009-14 dated 17.06.2011 had stated that the declaration of allocation of quantities against the applications received from 20.06.2011 to 25.06.2011 will be made on...

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CIBIL launches Credit Information Reports for companies

Posted: 05 Jul 2011 09:55 PM PDT

Leading credit information company, CIBIL, on Wednesday launched Credit Information Reports for companies to help them access the system data before they go for raising a loan or other financial dealings. Till now, Credit Information Bureau India...

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Petition filed u/s 433(a)/439 of Comp. Act,1956 dismissed for unjustified ground for Voluntary Winding

Posted: 05 Jul 2011 09:51 PM PDT

Advance Television Network Ltd. Versus The Registrar Of Companies (Delhi High Court) - Mr. Beri submits that the petitioner-company has not done any business since 2001-2002 and thus, it has not earned any income for the last ten years. He states...

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RBI Master Circular- Resource Raising Norms for Financial Institutions

Posted: 05 Jul 2011 09:33 PM PDT

DBOD.No.FID.FIC.1/01.02.00/2011-12 The process of reforms in the Indian financial sector since the early nineties has had profound implications for the resource raising of all India Financial Institutions (FIs). With the gradual phasing out of...

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RBI Master Circular – Guidelines For Relief Measures By Banks In Areas Affected By Natural Calamities

Posted: 05 Jul 2011 09:32 PM PDT

RPCD. No. PLFS. BC. 8 / 05.04.02/ 2011-12 Periodical but frequent occurrence of droughts, floods, cyclones, tidal waves and other natural calamities takes a heavy toll of human life and causes wide spread damage to economic pursuits of human beings...

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RBI Master Circular – Guarantees and Co-acceptances

Posted: 05 Jul 2011 09:32 PM PDT

DBOD. No. Dir. BC. 8 /13.03.00/2011-12 An important criterion for judging the soundness of a banking institution is the size and character, not only of its assets portfolio but also, of its contingent liability commitments such as guarantees,...

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RBI Master Circular on Inspection and Audit Systems in Primary (Urban) Co-operative Banks

Posted: 05 Jul 2011 09:30 PM PDT

It has been observed that quite often the internal inspection machinery in banks has failed to highlight and pinpoint the existence of gross and serious irregularities such as improper credit appraisal, disbursement without observing the terms of...

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Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Friends of the Tribal Society, Kolkatta

Posted: 05 Jul 2011 09:30 PM PDT

NOTIFICATION NO. 64/2011 WHEREAS by Notification of the Government of India, in the Ministry of Finance (Department of Revenue) Number S.O.901(E), dated the 20th September, 2001, issued under sub-section (1) read with clause (b) of the Explanation...

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Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – SEWA-Rural (Society for Education, Welfare and Action-rural), Bharuch – Amendment in Notification No S.O.228(E),dated 4-6-2008

Posted: 05 Jul 2011 09:29 PM PDT

NOTIFICATION NO. 63/2011 WHEREAS by Notification of the Government of India in the Ministry of Finance (Department of Revenue) Number S.O.228(E), dated the 17th March, 1994, issued under clause (b) of the Explanation to section 35AC of the...

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Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Mother Foundation Charitable Trust, Navi Mumbai

Posted: 05 Jul 2011 09:28 PM PDT

NOTIFICATION NO. 62/2011 WHEREAS by Notification of the Government of India in the Ministry of Finance (Department of Revenue) Number S.O. 121(E), dated 12th January, 2009, issued under clause (b) of the Explanation to section 35AC of the Income-tax...

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Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Ramakrishna Vivekananda Mission, West Bengal

Posted: 05 Jul 2011 09:27 PM PDT

NOTIFICATION NO. 61/2011 WHEREAS by Notification of the Government of India, in the Ministry of Finance (Department of Revenue) Number S.O. 1586(E), dated the 11th November, 2005, issued under sub-section (1) read with clause (b) of the Explanation...

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Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Mahila Mandal Barmer Agor, Rajasthan

Posted: 05 Jul 2011 09:26 PM PDT

NOTIFICATION NO. 60/2011 Whereas by Notification of the Government of India in the Ministry of Finance (Department of Revenue) Number S.O. 2370(E), dated 3rd October, 2008, issued under clause (b) of the Explanation to section 35AC of the Income-tax...

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ection 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Reaching Hand, Bangalore

Posted: 05 Jul 2011 09:25 PM PDT

NOTIFICATION NO. 59/2011 Whereas by Notification of the Government of India in the Ministry of Finance (Department of Revenue) Number S.O. 2370(E), dated 3rd October, 2008, issued under clause (b) of the Explanation to section 35AC of the Income-tax...

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De Nora India Limited Versus Union Of India And Ors- Petition was allowed as per clause 6(III) and the order set aside

Posted: 05 Jul 2011 06:47 PM PDT

De Nora India Limited Versus Union Of India And Ors (Delhi HC) The challenge in this writ petition by De Nora India Limited („DNIL‟) [formerly known as Titanor Components Limited („TCL‟)] is to an order dated 12th August 2010 passed by the...

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--
Palash Biswas
Pl Read:
http://nandigramunited-banga.blogspot.com/

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