Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: due date for vat payment :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: VAT RATES :: empanelment :: Central Excise rule to resale the machines to a new company :: VAT Audit :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: ACCOUNTING STANDARDS :: list of goods taxed at 4% :: form 3cd :: cpt :: TAX RATES - GOODS TAXABLE @ 4%
 
 
« News Headlines »
 Have you missed the due date of filing your Tax Returns?
 What you should know about income tax refunds
 Income tax scrutiny to remain limited despite surge in returns filed
 Regarding Filing of online return for first quarter of 2017-18 extension upto 01-09-2017
 Deadline to file returns extended to 28 August for biz with transitional
 GST input tax credit form
  How to rectify income tax returns
 Govt extends tax exemption for industry in North East, hilly states
 Should you file revised Income Tax returns; find out here
 Tax Deducted at Source (TDS) in Goods & Services Tax (GST)
 10 companies that blamed GST for soft June quarter

Trusts Act likely to be amended
December, 25th 2007
To facilitate investment in shares


The amendment Bill is likely to be introduced in the budget session of Parliament


The Centre is likely to soon facilitate certain trusts to park funds in shares as well as private sector debt instruments with investment grade rating from credit rating agencies.

The Union Cabinet today gave its nod for amending the Indian Trusts Act 1882 to enable the Government to notify a class of securities as eligible for investments by trusts.

The amendment Bill is likely to be introduced in the budget session of Parliament.

Official sources said the Cabinet decision would cover those trusts whose trust deeds do not expressly specify the pattern of investments that should be adopted till the funds are used for the ultimate purpose for which these vehicles were created.

For such trusts, the Centre is likely to specify that the investment pattern spelt out (in January 2005) for non-government provident funds /superannuation funds / gratuity funds could be adopted.

The Cabinet move to approve amendments to the Indian Trust Act comes in the wake of recommendations made by the Law Commission of India.

Already, the Government is looking at allowing non-government provident funds as well as superannuation and gratuity funds to have greater exposure to the stock markets.

It now proposes to revise their investment pattern set down in January 2005 and enhance the existing investment limits. It also proposes to make eligible new instruments where these funds could be invested.

They could in the coming days look at investing in shares of companies figuring in the BSE Sensex and NSE Nifty and in equity-linked schemes of mutual funds regulated by the Securities and Exchange Board of India.

Meanwhile, official sources said the Finance Ministry has received responses on all the proposed changes in investment pattern and was awaiting final nod of the Finance Minister for these changes.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Company Overview

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions