LEGAL & FINANCIAL UPDATES FROM TAX GURU 03.04.2009

Five year tax holiday for hotels located in specified districts having a world Heritage Site U/s Section 80-ID of the Income Tax Act, 1961 Posted: Thu, 02 Apr 2009 19:01:51 +0000 21. Five year tax holiday for hotels located in specified districts having a world Heritage Site 21..1 Section 80-ID of the Income-tax Act provides for a five year tax holiday to new hotels of two,... This is just a content summary for Full details on above topic visit my website www.taxguru.in. Five year tax holiday to hospitals located in certain areas under Sub-section (11B) of section 80-IB Posted: Thu, 02 Apr 2009 18:58:33 +0000 20. Five year tax holiday to hospitals located in certain areas 20.1 Sub-section (11B) of section 80-IB provides for a tax holiday for five consecutive assessment years, beginning from the initial... This is just a content summary for Full details on above topic visit my website www.taxguru.in. Sunset provision for deduction for refining of mineral oil under subsection (9) of section 80-IB Posted: Thu, 02 Apr 2009 18:54:59 +0000 19.1 Sub-section (9) of section 80-IB provides for a hundred percent deduction of profits and gains derived from commercial production or refining of mineral oil. For the purpose of this section, the... This is just a content summary for Full details on above topic visit my website www.taxguru.in. Additional deduction U/s 80D for health insurance premium / mediclaim premium paid for parents Posted: Thu, 02 Apr 2009 18:39:07 +0000 18 Additional deduction for health insurance premium paid for parents 18.1 Pre-amended section 80D of the Income-tax Act provides for a deduction of up to fifteen thousand rupees to an assessee,... This is just a content summary for Full details on above topic visit my website www.taxguru.in. Conversion of FCEBs into shares or debentures of any company shall not be treated as a 'transfer' within the meaning of Income-tax Act Posted: Thu, 02 Apr 2009 18:33:52 +0000 16 Capital gains on transfer in the context of foreign currency exchangeable bonds 16.1 In 1992, the Government allowed established Indian companies to issue foreign currency convertible bonds... This is just a content summary for Full details on above topic visit my website www.taxguru.in. Government is likely to exempt the services provided inside the Special Economic Zones from service tax Posted: Thu, 02 Apr 2009 18:27:30 +0000 The government is likely to exempt the services provided inside the Special Economic Zones from service tax, a move for which it is expected to seek approval from the Election Commission. Hitherto,... This is just a content summary for Full details on above topic visit my website www.taxguru.in. ICAI Communication to members providing Articles Training to Articled Assistants Posted: Thu, 02 Apr 2009 18:25:08 +0000 Dear Sir(s)/Madam, The Council of the Institute appointed a Working Group to study various students related issues sometime back. The recommendations of the Group were then considered by the Council... This is just a content summary for Full details on above topic visit my website www.taxguru.in. After Vodafone department send notice to E*Trade Mauritius to pay capital gains tax Posted: Thu, 02 Apr 2009 18:22:36 +0000 Buoyed by a favourable Supreme Court order in the Vodafone tax case, the income-tax department has asked E*Trade Mauritius to pay capital gains tax on the sale of its shares held in Indian company... This is just a content summary for Full details on above topic visit my website www.taxguru.in. With Regards, http://www.taxguru.in/ Email: info@taxguru.in Subscribe Now! ...with web-based news readers. Click your choice below: ...with other readers: (Choose Your Reader)FeedDemonNetNewsWireNewsFireNewsGator Outlook EditionRSSOwlShrookUniversal Subscription Mechanism (USM) Get LEGAL & FINANCIAL UPDATES FROM TAX GURU delivered by email View Feed XML

---

Add more friends to your messenger and enjoy! Invite them now.