| BROKERS TO NOW PAY MORE SERVICE TAX Posted: 16 Nov 2010 08:59 AM PST 
Turnover charges, regulator fee and demat charges to come under the service tax net. Stock brokers will now have to pay more service tax. The Central Board of Excise & Customs (CBEC) has clarified that turnover charges, exchange transaction charges, dematerialisation charges and regulator fees recovered by brokers from clients will be added to the brokerage amount while calculating the tax. The stamp duty and securities transaction tax would be kept out of the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| VEHICLE INSURANCE CLAIM WITHOUT TRANSFER OF POLICY NOT ACCEPTABLE :COURT Posted: 16 Nov 2010 08:54 AM PST 
The Madurai Bench of the Madras High Court has rejected a claim on motor vehicle insurance policy as the insurer had not effected transfer of the policy according to Section 157 of the Motor Vehicles Act. Hearing a writ petition from Ms S. Selvi, wife of late Selvaraj whose two-wheeler met with an accident on June 1, 2008, resulting in his death, Mr Justice K. Chandru held that since the statutory requirement under the said section was not complied with, the petitioner was no longer entitled... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
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