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Professional

INCOME TAX
Eligibility for claiming capital gains exemption 19/08/2008
No TDS for use of franchisee infrastructure facilities 19/08/2008
Liability to pay interest on advance tax 19/08/2008
Practical aspects of withholding tax 18/08/2008
Tribunal ruling to help cos save tax on share sale 18/08/2008
TDS rate for players raised to 10 per cent 18/08/2008

INTERNATIONAL TAXATION
Foreign firms engaged in offshore Indian projects not taxable: ITAT 18/08/2008

Misc. - Direct Tax
Ministry sees scope for higher direct taxes share in overall tax kitty 21/08/2008
Advance tax growth slows 20/08/2008
Revenue dept tells FIPB to reject telecom FDI from tax havens 19/08/2008
12% rise in I-T returns, e-filing a runway success 19/08/2008
IDRs to attract securities transaction tax 18/08/2008

SERVICE TAX
ONGC to reimburse service tax dues to shipping cos 21/08/2008
Services spilling out of SEZs may get tax sops 21/08/2008
SC’s blanket stay on retailers service tax cases in HCs 19/08/2008
Taxability of imports of services 18/08/2008

Misc. - Indirect Tax
Government may refund export duty on iron ore to NMDC 19/08/2008
Circular should give way to notification: SC 18/08/2008
Ministry for refund of unremitted state taxes 18/08/2008

SEBI
Cap on single holding in Stock Exchanges may treble to 15% 20/08/2008
Boost for PIPE deals as Sebi amends QIP guidelines 19/08/2008
Sebi eases disclosure norms for debt issues 19/08/2008
`Institutions will have to pay 100% for IPOs soon` 18/08/2008

COMPANY LAW
‘Mismanagement charge can stick from acts of subsidiary cos’ 21/08/2008

EPF AND MISC PROVISIONS ACT, 1952
HSBC, ICICI Pru may be lead PF caretakers 21/08/2008
CVC to look into EPFO’s fund manager choice 21/08/2008

RBI
NRIs, FIIs not eligible to trade in currency futures 21/08/2008
RBI hops between spot, forward for a stable Re 20/08/2008
RBI must step up inflation fight: finance ministry 20/08/2008
RBI to review foreign banks roadmap in 2009 20/08/2008

IRDA
RDA to frame benchmarks for valuing insurance firms 18/08/2008

Banking Regulation
Bankers agree, current scenario offers room for introspection 21/08/2008

Misc. Corporate Laws & Policies
New policy ignores life-cycle cost factor for defence deals 21/08/2008
FDI cap in DTH may rise to 74% 21/08/2008
Investment panel for discom power to govt 21/08/2008
New policy to spin copters into growth trajectory 21/08/2008
You can soon pick your best STD plan 20/08/2008
Big cars may come with a bigger price tag soon 19/08/2008
Centre weighs special drug stores for poor 19/08/2008
New fertiliser policy will attract investment by private sector: Crisil 19/08/2008

Audit & Acc - Misc.
IFRS calls for decisive shifts in strategic management 21/08/2008
Accounting for customer loyalty schemes 21/08/2008
CII’s guide to IFRS convergence 18/08/2008
Transition to IFRS - PPE 18/08/2008

Finance & Money Markets
Currency futures on NSE from Aug 29 21/08/2008
Fund houses may soon get to sell insurance cover 21/08/2008
Banks want higher interest rate subsidy on crop loans 21/08/2008
Raise automatic ECB limit: NTPC to govt 20/08/2008
Fund managers list didn’t have finmin nod 20/08/2008
Microfinance must embrace the free market 20/08/2008
Lens on treaty shoppers 20/08/2008
MFs reduce exposure to low-grade corporate debt 19/08/2008
ICICI sells $275-million risky papers overseas 19/08/2008
Is not interim dividend a more investor-friendly option? 18/08/2008
Endgame for commodity boom 18/08/2008
Govt mulls expansion of collateral facility for FIIs 18/08/2008
Govt to review portfolio investment policy 18/08/2008
Govt to put rider on states for transport project funds 18/08/2008
Should curbs on PNs be relaxed? 18/08/2008

CORPORATE WATCH
ONGC Videsh gets ok for Imperial Energy bid 21/08/2008
Idea slots Rs 800 cr for Mumbai 21/08/2008
RIL mulling JV with Petrobras 21/08/2008
LIC beefs up its investment role 21/08/2008
Tata Motors reworks JLR funding 21/08/2008
Ansal, Raheja plan specialised SEZs 21/08/2008
Hindujas want to fast-track Marriott case 21/08/2008
Kirloskar set to buy Germany`s LDW 20/08/2008
ITC Info buys US firm for Rs 105 cr 20/08/2008
Toyoda Machine to make India manufacturing hub 20/08/2008
It’s curtains: Balaji, Star to go separate ways 20/08/2008
General Atlantic to buy 20% in Wockhardt Hospitals 20/08/2008
Opto Circuits buys Criticare of US for $70 mn 20/08/2008
NMDC in joint venture with Rio Tinto for iron ore mining 19/08/2008
GAIL may take over gas marketing from ONGC 19/08/2008
TCS may beat IBM to buy Citigroup BPO 19/08/2008
Mahindra buys 51% in Chinese tractor co 19/08/2008
IIFCL to raise $1.2 billion from foreign lenders 18/08/2008
PNB to join credit card bandwagon 18/08/2008
NMCE to enter currency futures trading, to rope in PSBs as co-promoters 18/08/2008
Rel Big, Soros deal stuck over valuation