CBEC issued the clarification regarding Service tax on on-going works contracts entered into prior to 01.06.2007, key points of the notification are as under:
Circular No. 128/10/2010-ST
24 thAugust, 2010.
Subject: Service tax on on-going works contracts entered into prior to 01.06.2007 – regarding –
It has been brought to the notice of the Board that the [...]
The Authorized Signatory must use a fresh DSC having encrypted value of his PAN, as issued by Certifying Authorities with effect from 01/08/2010 in the following cases:
Non-Resident Companies where the Directors are foreign nationals
Companies where the I-T Return is being filed for fist Time.
Companies where managing directors has changed and other directors are unavailable or [...]
CBEC issued a clarification on Donation/Grant Received by coaching institute, highlights of of the circular are auder:
Circular No.127/09/2010 – ST
16 th August 2010
Subject: Service tax on commercial training and coaching – clarification whether ‘donation’ is ‘consideration’ – regarding.
A representation has been received seeking clarification whether donations and grants-in-aid received from different sources by a [...]
RBI Issued a notification to provide the RTGS Return information in the account statement, the highlits of the notification are as under:
RTGS / NEFT Return Transactions – Information for Account Statement
Please refer to our circular RBI / 2008-09 / 499 (DPSS CO RTGS No. 2246 / 04.04.002 / 2008-2009) dated June 16, 2009. The banks [...]
RBI has Issued the filnal guidelines on Regulatory Framework for Core Investment Companies (CICs), final gudelines are as under:
RBI/2010-11/168
DNBS (PD) CC.No. 197/03.10.001/2010-11
August 12, 2010
All Core Investment Companies
Dear Sir,
Regulatory Framework for Core Investment Companies (CICs)
The Bank had announced in the Annual Policy 2010-2011 that companies which have their assets predominantly as investments in shares for holding [...]
