"AMCS TRY ANOTHER PUSH TO SELL ELSS BEFORE TAX CODE SETS IN” plus 2 more

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• AMCS TRY ANOTHER PUSH TO SELL ELSS BEFORE TAX CODE SETS IN
• GOING ABROAD FOR WORK? AVOID PAYING DOUBLE TAXES
• ALL EMPLOYEES, EXCEPT APPRENTICES, ENTITLED TO GRATUITY: COURT

AMCS TRY ANOTHER PUSH TO SELL ELSS BEFORE TAX CODE SETS IN Posted: 03 Nov 2010 08:35 PM PDT Asset management companies (AMCs) may leave no stone unturned to push equity-linked savings schemes (ELSS) as tax-savers, probably for the last time before the country moves to the direct tax code (DTC) next year.  According to the proposed DTC effective April 1, 2012, investors will not be able to get tax benefits if they invest in ELSS or insurance-based tax-saver unit linked insurance plans (Ulips). "Fund houses are going all out to promote ELSS in a big way. This could probably be the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

GOING ABROAD FOR WORK? AVOID PAYING DOUBLE TAXES Posted: 03 Nov 2010 08:33 PM PDT Increasingly, Indian companies are sending their employees overseas for business purposes, both long-term and short-term. In case of long-term secondments, employees are generally transferred to overseas entities. However, the employer and the employee face a challenge in case of short-term work-related visits like secondments and business travel vis-à-vis taxability overseas. Every country follows its own tax regime in respect of taxability of income namely residence-based or source-based.... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

ALL EMPLOYEES, EXCEPT APPRENTICES, ENTITLED TO GRATUITY: COURT Posted: 03 Nov 2010 08:28 PM PDT All employees except an apprentice are entitled to gratuity. Once it was held that for a temporary casual labourer, in the absence of any discontinuance of service under Section 2(A) of Payment of Gratuity Act, 1972, the authorities could not deny gratuity, the Madurai Bench of Madras High Court has ruled.  This Court, while defining as to who was an employee under Section 2(e) of the Act in Arunachalam S. vs M.D. Southern Structurals reported in 2001 2 LLJ 1457 had held that all... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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