19 April, 2010

n Irda tells postal dept to fall in line, triggers row

n No one with a financial sense will put a single paisa in Ulips

n Manage risk with balanced portfolio

n RBI to hike repo, reverse repo rates by 50 bps

n Apex court refers entry tax issue to larger bench

n SEBI, IRDA working together to resolve ULIP: Bhave

n Tax authorities launch three-pronged probe

n ICWAI to set up centres for filing e-returns

n Govt may relax land contiguity norms for SEZs

n I-T Dept visits IPL, Modi, with many questions

n New tax norm may spook PE party

n NSE comes under RTI ambit, says Delhi HC

n Sebi tightens norms for FIIs

n India girding itself for US, EU carbon tax

n Icai to facilitate e-filing of returns

n 'New companies Bill to bring more clarity'

n Petroleum to be kept out of GST

n RBI likely to relax exposure norms for state-run power sector lenders

n ICSI identifies focus areas

n UK's Brown vows anti-India M&A laws

n Debt need not be established as ‘bad’ for tax deduction: SC

n Montek favours early solution to SEBI-IRDA spat

n I-T dept to issue letter rogatory to Swiss govt

n MCA scheme mulls leniency for delay in filing balance-sheet

n Power companies overcharging 90% of consumers: CCI

n Govt to keep tab on FDI in wholesale retail

n Positive list of services in GST will be most negative element

n RBI may lift CRR, rates by 0.25-0.5 pc on April 20: Bankers

n CBDT specifies nine offshore centres for sharing information

n UP getting e-savvy in tax collection, administration

n 'Don't apply new tax code on SEZs'

n Exclude land value from service tax: ICAI

n New FDI norms could queer foreign VC funds’ India investment plan

n RBI issues guidelines for base rate, to be effective from July

n Sebi bars 14 firms from issuing Ulips

n SEBI committee to look into stamp duty issue

n Tax benefits for Indian seafarers in for review

n FDI in tobacco industry banned

n I-T Dept not to attach Maha sugar mills' bank accounts

n Policy unit to speed up work on direct taxes code

n Punjab records highest growth in VAT collection: Sukhbir Badal

n CBDT move to hasten resolution of tax cases

n Direct tax mop-up falls short of revised target

n Sebi extends Asba to institutional investors

n SEBI forms Technical Advisory Committee

n BIS certification for tax dept units

n RBI asks banks to extend debt relief benefits

n IT dept to de-freeze 100 demat accounts

n RBI to banks: Recruit people with compassion for poor

n Sebi cuts time between IPO close, listing

n VAT collection doubled in Delhi in 5 yrs

n Indirect tax collection likely to be Rs 2.57 lakh cr

n I-T can't be Saral so long as laws are taxing

n Govt non-committal on FDI policy change for private banks

n New law to put insolvency cases on fast track in works

n Online payment of service tax of over Rs 10 lakh made mandatory

n Tax outgo down for foreign cos

n Cos must announce quarterly results in 45 days: SEBI

n Govt striving hard to introduce GST, says tax official

n Finmin for tighter FDI control

n GST regime could see massive relocation of tax officials

n ICAI panel: Banks were slack on Satyam loans

n Irda may allow exit option for policyholders

n NHAI, REC optimistic on target for tax-free bonds

n Conference to discuss reforms in auditing

n 'Direct tax mop-up well above Budget Estimate'

n Foreign cos to seek tax clarity on investments via Mauritius

n EGoM to discuss draft food security bill on April 5

n Mysore civic bodies raise property tax

n SEBI asks exchanges to post all orders on websites

n SEBI issues note to ‘guide’ investors

n FDI inflows still in the red, consolidated Press Note released

n Ministry objects to proposed 16% duty on power plants in SEZs

n Right to Education law comes into force from Thursday

n RBI gives more leeway to banks on debt recast

n Stamp duty payable on properties bought in public auctions: Court

n Finance, commerce ministers clash over foreign investment in LLPs too

n Govt to release single document on FDI tomorrow

n I-T, insurers may be in for a long fight this year

n SEBI may refix date for client-broker deal

n Ministry working for online voting at AGMs

n Govt approves 23 FDI proposals worth over Rs 2,300 crore

n RBI revives FCCB buyback scheme for three months

n Govt nets Rs 110 crore from IPL 3

n SEBI may get powers to monitor use of IPO funds

n Tax relief sought for food items

n States set for fresh round of talks on moving to GST

n Lower tax rates will cut prices: industry

n Mid-size cos may delay switching over to IFRS

n RBI for firm regulation of clearing houses

n Realty body may move court over tax on land cost

n SEBI to hear PwC case in Satyam scam

n Liberal rules for up to Rs 1,200 cr FDI come into play

n Reddy seeks review of proposed service tax for housing sector

n ‘Flexible employment laws can help growth'

n Marked-to-market forex derivative loss not tax deductible

n Plea to cut VAT on mobile sets

n Private firms cannot issue bonds for infrastructure projects

n RBI, Sebi should monitor i-banks

n Rights issues, preferential allotments may come into tax net

n Rules may be eased for service tax on realty

n ICAI seminar on bank audit

n Maharashtra to levy 1% VAT on homes

n SIAM studying impact of GST on used-car market

n Better to act now as pressures can build: RBI

n Taxing numbers: PAN and now, DIN

n More goods than services likely to come under GST

n Rider in new ruling makes FII income tax-free

n Auto majors' advance tax payout soars with sales

n CA institute can summon CBI for Satyam audit papers

n Roll-back of service tax on air tickets unlikely

n HC clears air on reopening of I-T assessment

n Mauritius investors exempt from capital gains tax on share sales here

n No tax on payment to UK, US affiliate for professional support

n RBI tightening cycle to support INR

n Tax collections seen at $79 bn

n ‘Govt can change VAT Bill thru ordinance'

n At Rs 3.54L cr, finmin hopeful of meeting direct tax target

n Comm Min against FDI in LLP firms on security grounds

n Export to SEZs to get duty benefits

n Global tax forum starts peer review of countries

n Sops galore in TN's please-all budget

n E-payment of Central Excise duty

n Collection of direct tax misses target again

n Create a separate fund for CSR: Govt to companies

n New Irda model to give life cos more financial stability

n RBI increases repo, reverse repo rate by 25 bps

n Tamil Nadu presents soft and sweet Budget

n Mahindra Satyam seeks refund of tax paid on inflated financials

n EGoM clears draft food security bill

n Govt may clear DA hike for employees on Friday

n RBI guidelines on new banking licences likely in 3 months

n Noisy protest over VAT hike in Maharashtra House

n Direct tax mop-up to fall short of revised target

n Irda changes unit plan disclosure norms

n Accounting rule deadline to be extended

n No FDI, private participation in n-power sector: Chavan

n Sebi issues master circular to check irregularities

n Tax benefits to boost handloom, khadi, village industries

n Maharashtra CM non-committal on taxing IPL

n Foreign banks' adv tax payments dip 58%

n RBI asks banks to give more info on NPAs

n SBI tops list of advance taxpayers for FY'10

n Tax revenue dips to 10.4 per cent of GDP this fiscal due to slowdown

n Roll back service tax on air travel, says IATA

n Withdraw service tax on real estate: Assocham

n Corporate tax collections rise 20% on robust show

n FinMin hopeful of resolving issues in new FDI rules

n Govt expands list of default activities in SEZs

n India Inc fared well on advance tax in FY10

n India Inc ticking well on tax

n Insurance sector IPO norms likely next month

n Manufacturing companies pick up tax slack as banks lag

n Sebi reduces NFO period for mutual funds

n D-Street likely to move sideways, advance tax numbers awaited

n Govt for more amendments to Consumer Protection Act

n Govt expected to receive Rs 200 cr as taxes from IPL T20

n SEBI moves to check FIIs' PMS play

n 'Include CAs in CBI teams on corporate scam probes'

n CAG recommends tax on sugar in MP

n CBEC directs DGFT to strignently monitor exim licence norms

n Charge maximum penal amount on TDS defaulters: CBDT

n FDI in 'sensitive list' may be under post-investment scrutiny

n Govt aims at GST rollout by April 2011

n Cost accounting standards to come into effect from April 1

n Commercial tax collection up 20 per cent

n Cos may now have to bear bigger slice of insured loss

n Hike in excise duty, Euro-IV norms may hit auto firms

n Irda draws 'economic capital' norms

n Advance tax outgo to raise call money rates

n Lower returns but tax benefits for HNIs

n No-frills savings accounts to handle around Rs 1 lakh crore, says RBI

n Sebi to notify SME listing guidelines shortly

n Tax mop-up may fall short of target, but govt won't have to borrow more

n Goa widens VAT net to include Govt contractors

n Haryana Budget announces VAT surcharge to fund local bodies

n MP clears second supplementary budget

n Select LLPs may get 49% FDI

n Centre approves de-notification of 12 SEZs

n Dissonance in IFRS convergence

n RBI efforts to activate dormant no-frills accounts pay off

n Rajya Sabha passes historic Women's Reservation Bill

n GST will bring down cost of most goods: Govt

n Long-term capital gains may make it to DTC regime

n CA institute wants flexibility to cos on depreciation rates

n New tax code should retain exemptions to SEZs: Commerce Ministry

n New draft policy on affordable housing in rural areas

n Ready with CCI norms for M&A: Govt

n Rising tax arrears a concern: Revenue Secy

n Service exports get simpler and less taxing

n States seek Rs 1 lakh cr for GST switch

n Public sector banks, insurers asked to pay more advance tax

n Govt clears cloud over NGO tax breaks

n Ficci decries MAT rate hike, calls for 26% peak rate

n Tax only when interest credited to fixed deposits: CBDT

n Smaller companies suffer higher tax rates

n FM may expand rlys' exempted goods list

n Surplus K'taka budget hikes VAT by 1pc, luxury tax

n NSC, DIPP clash over FDI rule change

n Govt in talks with 20 tax havens for information

n SEZ units permitted to re-export restricted items

n Direct tax fetches Rs 2.78 lakh crore till February

n I-T slabs may be further raised in DTC: Finmin

n Ministers’ panel proposes limits for National Food Security Bill

n Professionals under I-T lens for incomplete disclosure

n SEZs will get to sell power outside zones

n Direct taxes contribute 55.5% of all tax receipts

n Govt may allow higher FDI in Defence sector

n IFRS convergence: CBDT to start talks with CA institute

n Service tax may take toll on realty

n Spread your investment on commodities

n What Budget holds out for financial services

n Fees earned by overseas entities for tech services to attract tax

n Health insurance costs set to soar

n I-T dept alerts taxpayers against sharing financial details on Net

n Pranab promises revised DTC draft to India Inc

n Pranab sets aside Rs 25 cr to curb home loan frauds

n 3G players kept out of tax break under Sec 80 IA

n Hike in threshold limit for withholding tax proposed

n Fiscal consolidation gets stimulus, FM delivers goods: T K Arun

n RBI to dole out more banking licences

n TDS just got a little less tedious

n Pranab takes more than he gives

n Union Budget 2010: Uniform Direct Tax Code from April 1, 2011, says FM

n FM to heed urban co-op bankers' tax relief plea

n New entry tax in MP; to clear Pay Commission dues

n Open up health to FDI, remove 10-yr divestment clause

n State raises vat on tobacco products; new tax on resale of vehicles

n States get 32% of Union taxes

n Cut peak duties on goods from 10% to 7.5%

n Uttar Pradesh waives off trade tax for exporters

n Special Economic Zones Approved In States

n Indirect tax kitty to fall short of Budget estimates

n Raiway Budget 2010: Highlights

n Dismal revenue from gold sales continues to baffle tax dept

n India studying Chinese circular on indirect acquisitions

n Pranab wants CBEC to gear up to face new challenges

n Rules revised for tax deduction at source

n Govt may widen scope of tax on entertainment

n Tax regime reform has a long way to go

n New costing norms for service tax, excise likely

n Satyam challenges upaid on taxes, files fresh suit

n Fresh guidelines soon for switch to IFRS

n UP confident tax revenue will double under GST

n Govt committed to bring National Food Security Act: Patil

n Life insurers for service tax only on fund mgmt charges

n Govt considers liberalizing merger and acquisition norms

n Service loans out of revenues: RBI tells states

n Auto sector urged to brace for 2 percentage point excise hike

n SEBI bars 16 entities for synchronised trading

n Budget 2010: PMEAC for hike in duties

n Cos oppose ban on currency derivatives

n Income Tax hurdle to Essar Steel's land acquisition

n Life insurers seek higher FDI, tax sops for long-term policies

n Sebi takes investor education to schools

n SEBI no to Marathon Realty on exemption from takeover

n EOUs need tax breaks for 3 more years

n India's IT industry seeks tax sop extension

n Irda panel likely on reporting expenses

n Infrastructure-funding NBFCs seek exemption from TDS on interest payment

n Tax incentive for long-term savings

n Realty sector wants tax reliefs, regulator from Budget

n Call for inclusion of advance pricing arrangements in tax statute

n CBDT confident of achieving direct tax collection target

n Finance Minister may look to non-tax revenues for raising more funds

n Project to help States upgrade IT systems in commerical tax dept okayed

n Stand-off with SEBI will not affect life insurers: IRDA

n Draft PRB Bill issued

n PMEAC pushes for single, 8%-to-14% CENVAT rate

n SEBI to launch 2,000 super-ATM centres

n Tax havens hit exchequer, harm national security: Pranab

n GST introduction will benefit retail sector

n Pranab sees special role for transfer pricing regulations

n SAT defines ‘Persons Acting in Concert'

n Irda hits back at Sebi on Ulips

n Just bring in the money, CBEC directs staff

n Lord Adair Turner too pitches for tax on short-term capital flows

n NBFCs hope Budget will ensure equality

n Further clarity needed in Direct Taxes Code

n Pranab to inaugurate seminar on transfer pricing

n FM Inaugurates International Seminar On Transfer Pricing

n ICAI may have to cough up Rs 16 cr in I-T penalty

n Tax experts want FM to bite bullet, roll back stimulus

n Concrete roadmap for introduction of GST should be laid out: Retailers

n Provide tax breaks for biotech industry

n Slash taxes, allow people to spend

n ICAI for time line to punish erring members

n Karnataka high court told to review I T decision

n Irda wants Sebi to keep off Ulips

n Sebi wants breather on 25% public holding norm

n Obama targets outsoucers, labels them tax evaders

n Legal reforms Bill to speed up judgment awaits nod

n Madhya Pradesh to encourage NRIs in new industrial policy

n New office-bearers take charge at ICAI

n SEBI to help MF fund industry in spreading financial literacy

n India plays key role in information exchange for tax purposes

n Govt eases FDI norms; FIPB can clear proposals up to Rs 1200 cr

n Govt eases foreign investment rules

n Intimation to company in writing necessary for insurance claim

n I-T move on leave encashment to affect revenue

n MP govt refuses to buy Centre's GST concept

n Life insurers want tax relief for maturity proceeds to continue

n VCs seek tax exemption across sectors

n RBI to retain its monetary stance till April 20

n Rs 1 lakh crore budget funds go unspent each year

n Manufacturing push may topple inverted duty setup

n Excise hike in Budget to set off stimulus exit

n Scrap import duty on coal, pet coke: Cement makers

n SEBI cautions investors on media advice

n DoT proposes 5-yr extension of Income-tax benefit period

n 'Centre's compensation against GST helped Hry'

n Commercial tax collection surges 23%

n Ferro alloy producers seek 10% Customs duty

n Import duty on power equipment may increase

n Measures on disinvestment, tax reforms likely in Budget: Stephen Roach

n RBI eases ECB norms

n FinMin allows IRFC to issue Rs 5,000-crore tax-free bonds

n GST set to be levied at 16%, goods may cost less

n No plan to raise FII limit in debt

n SEZ tax relief likely to stay even in new tax regime

n Jalan heads SEBI panel to review bourses' governance

n GST to be levied at 16%, goods to cost less for consumers

n IFRS: transition date will be april 1, 2011

n MSME Act spurs growth:report

n Realtors seek rationalisation of FSI, tax sops

n Tata Steel waits for revision of land acquisition Act

n Diesel compact cars face muddled levy structure

n Jewellery body wants tax code proposals changed

n Consensus eludes GST, rollback

n Legal reforms Bill to speed up judgment awaits nod

n AP likely to toughen stand on SEZs

n Former I-T chief to head IPO scam funds reallocation

n Companies Bill 2009 likely to be enacted by year end: Khurshid

n Deora discusses Parikh report in Oil companies

n Finance commission to table revenue sharing report on 25 Feb

n Govt eyes Rs 1.20 lakh crore mop-up in direct tax in Q4

n IMF projects India to grow by 8% next fiscal

n New micro-finance bill does away with lending rate cap

n No pressure on interest rates over next 9 months: Kamath

n RBI's move to restructure bad loans saves banks

n ICSI told to suggest changes in LLP structure

n IRDA to take up issue of SEBI showcause on ULIPs

n ICAI council on GTB case

n Sluggish growth in Karnataka tax revenues

n Finance commission to table revenue sharing report on 25 Feb

n Policy | RBI withdraws NBFCs’ special borrowing norms

n New Tax Code to hit common man, bjp tells fm

n ifrs, Tax Code inconsistencies to pre-empt major changes

n 16 sport disciplines under tax ambit

n Commerce min for cheaper forex loans for exporters

n FinMin not keen to allow banks to issue tax-free infrastructure bonds

n Govt may remove customs duty on cancer, HIV drugs

n BJP members meet FM, oppose direct tax code

n Sebi chairman warns against leveraged derivatives

n SEBI drops proceedings against NSDL

n Lipper Snaps India-SBI Tax Advantage leads stock funds in Jan

n RBI hints at curbs on capital inflows

n Budgeting for India's deficits

n RPT-India's index futures up on short covering

n CBI arrests Sebi AGM accepting bribe Rs25 lakh

n CRR hike balances growth, inflation: RBI

n Quality tax audit scheme: a move to finetune tax assessment

n Global CEOs want faster clearances, uniform tax

n 'Income tax act needs to be amended'

n GST roll out likely to be deferred to 1 April 2011

n Put finances in order, RBI tells govt

n Tax code ignores development

n Apex court tells Centre to act against revenue officials for delay in tax recovery

n MNCs get more options to settle tax disputes

n GST rollout to miss April deadline

n Industry to gain further momentum: RBI survey

n CST compensation package structure defined

n GST: A clutter-free regime ahead?

n GST faces further delay as many states pitch for higher rate

n Monetary Policy could be a non-event: IFCI

n Should dividends be taxed in investors' hands?

n Tight RBI policy unlikely to harden rates

n India Inc may lose tax cover on MF investments

n India think tank expects GDP growth at 9.2 pct in FY11

n India's proposed goods and services tax

n Lower profitability, rate hikes, higher taxes worry investors

n New strategy: Mutual funds turn focus on retail investors

n CBDT panel finds hole in transfer pricing tax rate

n To stop tax evasion finmin overhauls I-T intelligence

n Proposal to bring DPE under MCA

n IRDA, SEBI war may hit ULIP listings

n Service tax refunds to exporters

n Audit seminar on Feb 5, 6

n BSE pitches its new F&O contract for Budget play

n I-T Department changing comp passwords

n SEBI, IRDA cross swords over regulation of ULIPs

n Tax write-back last year sees HCC net falling 36%

n CLB allows Nilgiris to go ahead with rights issue allotment

n Rules to be made stringent for filing class action suits

n Two sets of accounting standards under Cos Act

n IRDA asks insurers for info on commission paid to banks

n Orissa levies 5% tax to DTH, announces a slew of measures for urban poor

n RBI may tighten monetary policy

n Telcos face tighter norms for equipment imports

n CBDT seeks report on Mumbai I-T refund scam

n No bringing back MF entry load: SEBI

n Exporters want switchover to turnover tax

n Global accounting respite for SMEs

n Govt to relax FDI norms

n Govt weighs token increase in tax exemption limit

n MP govt may raise upper slab of VAT

n Skipping PAN will attract higher tax

n CII wants tax sops for green tech

n Knowledge of Marathi mandatory for taxi permits in Maharashtra

n Govt to net Rs 1,400 cr as tax from pay arrears to staff

n 'GST has to be implemented simultaneously'

n I-T dept cannot re-open assessment cases arbitrarily: SC

n Sebi nod to yen, euro & pound

n FIs asked to enforce corporate governance

n Treat carbon credit as services under GST Act: Chamber

n 12% service tax likely to return

n Common dispute resolution scheme for GST

n Finmin urges RBI to grant bank okay to strong NBFCs

n New regulations to spur biz for auditors, consultants

n Bangalore Chamber moots centralised body to assess goods, services tax

n Foodgrains merchants against market cess on commodities

n AI seeks govt nod for tax-free bond issue

n Quick Edit Another law, more trouble

n SEBI appeal against its listing power is improper

n 'Abolish VAT on imported sugar'

n ICAI to recount ballots today

n RBI notifies relaxation in remittance norms

n ICAI wants GST rollout to be delayed by a year

n Loans between firms come under I-T lens

n Over 7 per cent inflation could prompt RBI to tighten money supply

n Sebi bans Societe Generale from issuing PNs

n CAT stays CCI order

n ET classroom: Essential commodities act

n Finmin-Plan panel clash fears to delay Budget review

n Trade unions to lodge protest with finance minister over GST

n Tax Dept misses collection target

n Value-added tax rate hiked to 14.5% in AP

n IRDA mulling cap on traditional products

n Govt to amend agricultural produce act: Minister

n Competition Appellate Tribunal to hear unfair trade practice cases

n 'Notes, jottings, draft judgements not under RTI'

n Chamber asks Karnataka not to resort to additional taxation

n Export push gets Rs 500-cr duty sops

n Gems and jewellery sector worried over changes in Direct Taxes Code

n Bonus stripping under I-T lens

n Chandigarh hospitals under I-T scanner

n Govt to pass Right to Food Act: FM

n SBI chief says interest rates may go up if RBI tightens policy

n Sebi sets timeline for sharing information

n Customs, excise revenues to miss target for second year

n Finance Ministry to review loan recovery practices

n Union Budget likely on Feb 26

n FM refuses to blink, GST talks hit hurdle

n Govt to finalize GST rate, rollout date by Jan-end

n CBDT panel to formulate safe harbour provisions

n Centre may compensate 50% of CST losses to states

n New date for GST roll out deferred till month end

n Pranab asks I-T Dept to meet tax mop-up target

n SEBI moves apex court over SAT power

n New Direct Taxes Code likely from April 2011

n SEBI standardises lot size for equity derivatives

n Centre to decide on new SEZs on Feb 8

n Internal audit now must for rating cos

n Irda cracks whip on insurers

n Trust, power deficits mar GST talks

n PAN made mandatory for share transfer in physical form

n RBI asks banks to disclose insurance sale proceeds

n Goods and Services Tax rollout date likely to be resolved today

n Govt to scan RoC data for writing corporate policy

n Declaration of Icai poll results stayed

n Consultation process on draft direct taxes code over: finance ministry

n MP to challenge tax base for GST

n Realty body asks for easing of ECB norms

n Govt mulls two-rate personal tax structure

n Traders urge Kerala Govt to go slow with GST Act

n Direct tax kitty up 8.5 pc at Rs 2.5 lakh cr in Apr-Dec

n India Inc seeks stimulus continuation, tax cuts

n Industry favours early implementation of GST

n Five Icai apex council members lose in polls

n Ministry proposes changes in SEZ rules

n AP chamber wants Goods and Services Tax put off

n Kerala urged to cut luxury tax

n e-Registration of land records launched in Orissa, stamp duty reduced to 5%

n Foreign arms of Indian cos under tax net likely

n GJF objects tax on gross assets in DTC

n Panel sets the stage for GST rollout

n SC: RTI Act doesn't apply to judgments

n Commerce min seeks meet to end SEZ tax sops row

n Govt to match netas' I-T returns with poll affidavits

n GST: Exemption list of panel shows error

n SAT seeks changes in SEBI Act

n Two major tax reforms to give edge to Indian businesses

n Unions against taxing savings schemes at time of withdrawal

n Introduction of UTN shelved

n Life insurers want service tax parity with AMCs

n Promise of a Code and a tax

n Sebi restrains three traders for NCL rigging

n New goods and services tax: India shifting to a sort of consumption tax

n RBI says to review rates only on Jan 29

n Insurers wait yet another year for increase in FDI

n Tighter foreign borrowing rules may boost loan growth

n Managers can't be workmen, law must change with time: HC

n NSE brokers to approach Sebi, govt on extended trading hours

n State to frame single, comprehensive law on revenue

n HC upholds sales tax on ‘superior' kerosene at higher percentage

n Think-tank suggests 17-18% cumulative Goods, Services Tax

n 'VAT hike will not affect common man'

n Income tax limit for individuals should be 20 pc

n Law min mulls cess to fund legal reforms

n SEBI mulls asking buyers to make open offer for upto 100% stake

n State FMs may decide on GST rate on Jan 7

n Tax sops for foreign oil E&P advisors: AAR

n Draft rules on regulating goods transport agents with law min

n Govt raises export duty on iron ore fines, lumps

n Announcement of GST rollout date likely on 8 Jan

n Foreign varsity’s consultancy income not taxable in India: AAR

n TDS on agents' share may make air travel costlier

n Big cos sending senior staff to smaller firms as independent directors

n Excise duty exemptions to be phased out gradually

n Indirect tax kitty may contract by Rs 22K cr in FY10

n Irda unveils norms for health-life combo product

n Advance tax payments show growth hastening

n SEBI well within rights to act against RIL: MCA

n Law panel favours amendments to Stamp, Court fees Acts

n Revisiting SEBI Takeover Code

n Services received from abroad prior to April 18, 2006 not taxable: Apex court

n Companies get relief from cross-border taxation

n Liquidity down on Short loans, tax outgo

n MCA asks Sebi to provide details of RIL probe

n Sebi holds hearing on IPO scam

n Tax mop-up likely to top Budget estimate: Fin Secy

n Isaac says State ready for goods, services tax regime

n Kerala Commercial Taxes Dept to adopt M-Governance

n Regulations can detect fraud early: Khursheed

n Despite GDP cue, Indirect tax kitty down 21%

n ICAI revises internal audit guidelines

n ICSI awards for Maruti Suzuki and NTPC

n Indian cos pay 24% more advance tax y-o-y in Dec qtr

n RBI curbs forex market play to control liquidity, inflation

n Taxing P-Notes on back burner

n Cos start filing complaints under modified IT law

n You can be a director in only 7 cos, says Ministry

n Bankers see higher interest rates in 2010

n Rajkot Central Excise Commissionerate rolls out ACES

n CBEC clarifies how to treat Cenvat Credit

n Definition of liaison offices of law firms still under a cloud

n Govt auditors can now take final CA exams directly

n I-T Dept gets Rs 2,477 cr more from top 90 firms

n Corporate groups’ tax filings can come under RTI, says CIC

n Major structural defects in designing GST

n PM panel for one GST slab at central level

n Tax on perks to be effective from April 2009

n The debate on Tobin tax

n Over 38 lakh claimants sought income tax refund

n Investors withdraw from Bank of India after lower advance tax payment

n Rate talk swirls around RBI, finmin meet

n Govt widens tax net for perks, applicable right away for entire year

n Perks to burn bigger hole as pre-FBT norms return

n RBI tightens priority sector lending rules

n Accounting changes inflated Rlys' cash surplus: Mamata

n CLB to get three new members

n Foodgrain merchants' body for GST introduction from 2011-12

n SEBI cuts FII holding limit of Govt debts

n Insurance co can't deduct TDS on third party claim

n Commercial tax collection up 19%

n Direct selling firms demand industry-specific laws

n Direct tax collection increases 8.1% to Rs 2.27 lakh crore

n Finance Commission Report on GST flawless

n CFA in pact with Sebi for educational programme

n Govt may amend RTI Act to stop 'frivolous' queries

n GST legislation to be discussed soon between Pranab, Moily

n Madurai Corporation moots reduction in property tax

n Goods and service tax delayed, likely by 2011 only

n India Inc: Tax collections paint a rosy picture

n 'Fast-track tax cases to unlock Rs 50K crore'

n Advance tax figures suggest good performance by India Inc

n Advance tax numbers fail to cheer Street

n Delhi Assy passes VAT Bill, raising tax to 5 pc

n New direct tax will check avoidable litigations: Pranab

n Oct-Dec advance tax payments rise

n Resurgent India Inc pays more advance tax

n ANALYSIS - Infrastructure, taxes top govt reform priorities

n Govt to take steps to tame inflation - Mukherjee

n Finance commission group wants five GST exemptions

n Advance tax payments surge, reflecting growth

n MP to push demand for GST postponement

n Post-Satyam, MCA lays new scrutiny rules

n Sensex opens higher on positive advance tax numbers

n Six SEZ proposals get govt nod

n Corporate Week celebrations

n 2% CST concession to SSIs withdrawn

n Voluntary CSR guidelines likely in a week

n UPDATE 1-Indian o/n rates steady; adv tax outflows watched

n 100 pc FDI allowed in renewable energy sector: Abdullah

n Change in Constitution for GST unlikely before Budget

n Customs duty cut for brownfield power projects

n Infra firms may get MAT relief

n Chennai to host Cost Congress

n Commonwealth Games panel gets tax breaks

n Tax lobby flays Delhi govt's VAT hike move

n Cost Accounting Standards meet needs of managers

n GST slabs to be unveiled in 15 days, says Dasgupta

n Govt considering norms for municipal service regulators

n RBI plans new rule for fund raising by holding cos

n Right levels critical to acceptability of GST regime

n UPDATE 1-India CBLO rates higher ahead of tax outflows

n Govt rules out tax on foreign funds

n Pat & punch for industry growth

n Goods & Service tax to be introduced by April 1

n Centre in favour of GST on alcohol

n Dual GST roll-out date remains Apr 2010: Asim

n ICAI mulls KYC norms for accountants

n Sebi cracks whip on incomplete MF documentation

n Govt looks at direct taxes to offset excise loss

n IT task force moots developing ‘high calibre talent pool', tax sops

n No proposal to impose tax on capital inflows: Pranab

n 'Data on I-T arrears must be analysed, retrievable by segment'

n Capital inflows not a concern for now: RBI

n Banks to pay compensation for wrong payment: SC

n SEBI extends ASBA facility to corporates, HNIs

n ‘Cap number of directorships for individuals'

n India, UK to discuss opening up of accountancy services

n Tax bias, market access issues brew trouble for States with EU

n Central GST threshold likely at Rs 10 lakh

n Exports worth Rs.90,000 cr from SEZs in January-June

n UK slaps tax on bankers' bonuses ahead of election

n Hills may not stay excise-free

n I-T jurisdiction on foreign firms to be tested again

n Sebi bans Barclays from issuing PNs

n RBI tightens ECB norms

n Tax hike for professionals in Delhi

n I-T department raids brick firm

n Icai repoll at disrupted booth

n RBI launches awareness programme in North East

n SEBI heat forces funds to revive PMS

n FICCI bats for foreign firms operating in India

n RBI may bring back Market Stabilisation Scheme

n BSE's Q2 profit after tax declines 4 per cent

n Direct tax mop-up may rise 15% by Dec: CBDT chief

n Carbon tax revenue could help create 14 million jobs

n Tax dispute resolution: A spirited move

n Tax treaty revision to help share account info: Swiss

n ‘Increase awareness on RTI Act'

n Booth-capturing at CA Institute polls

n Enforcement Directorate's issue of summons cannot be challenged: Court

n The new direct tax code will vastly reduce the benefits from life insurance policies, says

n Taxpayers may make windfall tax from UK banks

n Allow smooth passage of FII funds: SEBI Chairman

n CII for changes in the Land acquisition Bill

n Govt mulls changes in RTI Act

n Govt mulls tax treaty review with 76 nations

n BPOs to be taxed under new government code

n CLB member Vasudevan's bail plea rejected

n ED claims evidence of FDI law violations by Emaar MGF

n GST to reduce tax burden on industrial sector

n OECD wants India to ease FDI norms on banking, insurance

n Online equity MF plans to attract STT

n RBI changes Financial inclusion definition

n Paradigm changes in treatment of losses

n MCA's early-warning system stalled

n SEBI tightens client-broker norms

n FDI applicants must give 3 years' financial reports

n Mandatory ceding to national reinsurer to stay at 10%: IRDA

n Maharashtra voices concerns on GST structure

n RBI allows preference to foreign nationals

n Banks’ audit likely as exporters say interest subsidy not reaching them

n ICAI goes to polls today

n Call for rethink on Clause 33 A of Copyright Bill

n Central excise refund taxable: ITAT

n Direct tax mopup to Nov up 3.7 pc at Rs 1.83 lakh cr

n India April-Nov tax receipts up 5.5 per cent: Finmin source

n Officials hearing transfer pricing cases kept out of dispute panel

n Direct tax kitty swells a bit in Apr-Nov

n FDI in shipping low due to tax structure: govt

n RBI does not approve appointment of PwC as auditors for banks

n Cos may need to disclose cost of climate change effort

n IRDA seeks waiver of TDS norm for third party administrators

n US investors concerned over dual stance of Bengal govt

n CCI may hasten process for key M&A approvals

n More time for IFRS rollout: BANKs

n Sewa-promoted entity aims to set up NBFC

n Code on corporate governance in a year

n Tax policies subserve larger business purposes

n Dual GST will impact supply chains

n France wants a 'carbon tax' on EU imports

n GST to subsume more taxes than envisaged, says Asim

n Revised Copyright Act to pinch broadcasters' pockets

n Higher tax on branded food products dents competitiveness

n Strong public opinion in favour of regulation, says SEBI member

n Financial integration deeper than trade: RBI

n KPMG adjudged India’s indirect tax firm of the year

n Aligning trade policy with GST

n New CLB chief promises to restore reputation

n No case to extend financial reporting standards, says Govt

n GST may provide for rate changes outside Budget

n Independent directors pay tied to attendance

n Insurance council opposes tax on withdrawals

n Interest expenditure on acquisition not tax-exempt

n RTI Act information in eight tribal languages

n SEBI eases norms for raising funds from bond market

n Ministry to discuss contentious M&A clauses of Competition Act in Dec

n Finance panel for 12% GST

n RBI to set up working group on CDS guidelines

n IBF criticises amendments to Copyright Act

n I-T dept to recover upto Rs 1000 crore from infra cos

n No plan to review FDI rules in retail, says minister

n Cashless hospitalisation schemes come under tax net

n Gems, jewellery industry seeks changes in Direct Taxes Code

n Centre-state financial ties to change with GST

n Govt to set up panels to resolve cross-border taxation disputes

n GST registration may be linked to PAN

n IT seizures up to Rs 45.45 crore in Gujarat from Rs 10.89 crore last year

n CBDT issues circular to clarify I-T Act provisions

n Settle online payments within two days: RBI

n CBI arrests Co Law Board chief on graft charges

n TPAs to cut tax on hospital payments

n Competition Act may get maximum penal clause

n Onus on states to check FDI violations in retail

n Commercial tax collection improves marginally

n FDI to bridge current account deficit: PM

n RIL faces Sebi notice over probe

n Spectrum is a tax riddle: PwC

n CBDT rules on dispute resolution panels

n Bring uniformity in entertainment tax rates across India: Assocham

n ASSOCHAM recommends 2pct tax on foreign inflow

n Cases Under Serious Fraud Investigation Office

n Finance, labour ministries lock horns over bringing EPFO under service tax

n Income Tax Raids

n Joint committees to be set up in states for input on GST

n Much of the criticism against proposed GST is unwarranted

n Tax sops on cards for some exporters

n Central Excise to roll out ACES in Kochi

n I-T raids on real estate developers, hoteliers

n Not looking at tax on inflows: Ahluwalia

n Sebi may widen PMS scope

n ‘Levy windfall tax on new players selling licences’

n Govt mulls tax to phase out fuel-inefficient vehicles

n Total tax arrears at Rs 2 lakh cr: Government

n Vodafone seeks time till Jan for tax claim reply

n Report suspicious deals within 7 days: RBI

n Commerce depatment firm on keeping SEZs out of direct tax code

n ICSI proposes 7-firm cap on directors

n Joint committees to be set up in states for input on GST

n Parliament nod unlikely for insurance bill

n SAT sets aside insider trading charge against Pendse, wife

n RBI & 926 branches of banks to take advance income tax

n Insurance, banking bills unlikely in Winter session

n Vodafone, Bharti come under tax scanner in Uttar Pradesh

n SEBI board nullifies quasi-judicial orders of its benches

n ‘New tax code will be simpler’

n Trusts, NGOs under ambit of money-laundering law

n Government may drop tax on religious trusts from code

n Govt clears 17 FDI proposals of 1,158 cr

n IT department seeks audit of all Union Bank branches for high-value transactions

n Small cities push for direct tax

n Subject foreign inflows to 2% tax: Assocham

n Delhi Govt’s move on VAT may benefit truck operators

n Govt to revisit class action suit provision in Cos Bill

n I-T Department questions Union Bank CMD on Koda money

n GST would do away with cascading effect of levies: Pranab

n Power ministry to approach finance ministry for abolition of service tax

n States should be compensated during transition to GST

n RBI to issue norms on NPA soon

n Revenue collection to fall short by 15K cr: CBEC

n Impact of new EU tax regime only marginal, says Nasscom

n Income escaping assessment: Court ‘cannot make roving enquiry’

n Double taxation of computer software yet to be redressed

n FGI supports demand for rewriting direct tax code

n 'Many present complications may survive under GST'

n Sebi plans fresh round of mutual fund reforms

n States seek steep hike in stamp duty on life cover

n Centre to minimise list of exemptions from GST

n Taxability of non-resident: Yet another U-turn by CBDT

n CA institute lists cos for IFRS convergence

n Govt working on Constitutional mechanism for new tax regime

n I-T dept summons Union Bank CMD in Koda scam case

n SEBI allows registered brokers to deal in mutual fund products

n Two key finance Bills to miss Winter session

n CMs urged not to charge higher VAT

n E-filing of service tax to be mandatory in 2 months: CBEC

n Govt to ensure no unilateral change is made in GST

n Orissa may rope in expert to assess revenue impact of GST

n ‘Uniform customs and practice more relevant now than ever’