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: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: TDS :: ACCOUNTING STANDARD :: VAT Audit :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: list of goods taxed at 4% :: cpt :: Central Excise rule to resale the machines to a new company :: due date for vat payment :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT
 
 
« News Headlines »
 Income tax returns (ITR) filing guide: 10 excellent tax-saving options other than Section 80C to save money
 TDS Rate Chart for AY 2018-19
 Last date to submit third installment of advance tax is December 15
 5 tax-saving funds that have given stellar returns in the past 5 years
 Find out which ITR Form is suitable for you
  Pr CIT vs. Baisetty Revathi (Andhra Pradesh High Court)
 What is income tax?
 Refund procedure initiated under GST
 Income tax returns (ITR) filing: How to get capital gains tax benefits on assets in own name
 7 avenues to help you save tax under Section 80C of Income Tax Act
 How to make income tax law less taxing

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