TAX & LEGAL UPDATES FROM TAX GURU 16.05.2009

UPDATES FROM TAX GURU Central Excise Forms in Excel and Word format I have uploaded all the forms on Excise Duty applicable as on 16.05.2009 in Excel and Word Format. The formats of form are taken from www. cbec.gov. in. This is the only site where all the forms are... Foreign branches of PSU should be audited by CAG : ICAI In order to make books of accounts of public sector entities more transparent, accounting regulator ICAI on Thursday said their foreign branches also should be audited by the CAG. "Foreign... IT department exploring avenues to tax Nusli Wadia Land deal After its attempt to tax industrialist Nusli Wadia on his land deals ran into trouble, the income tax department is exploring another avenue. Two years ago, the I-T department demanded Rs 31 crore as... 926 bank branches in Mumbai been appointed by RBI to accept Direct Tax Payment The Reserve Bank on Thursday said 926 branches of private and public sector banks have been designated for receiving advance income tax in Mumbai and Navi Mumbai.  "Arrangements have been made... SFIO may soon get nod initiate prosecution in Satyam case The government is likely to soon give its nod to the Serious Fraud Investigation Office (SFIO) for initiating prosecution against the persons involved in the Rs 7,800 crore-accounting fraud at Satyam... No further reduction in corporate, excise and service taxes in next Budget The finance ministry on Thursday indicated to an industry delegation that it should not expect a further lowering of corporate, excise and service taxes in the Budget to be presented by the next... ICAI written CBDT on Undue hardship faced by assessees on account of delay of refund in scrutiny cases in respect of A.Y. 2007-08 ICAI - Undue hardship faced by assessees on account of delay of refund in scrutiny cases in respect of A.Y. 2007-08  May, 15th 2009  No.DTC/2009- 10/REP-2 13th May, 2009 Mr. S.S.N.... Check your credit rating before applying for loan The Credit Information Bureau India Ltd and TransUnion on Thursday launched a 'personal loan score' to enable lenders to make informed decisions, in the backdrop of rising defaults on... With Regards,  Sandeep Kanoi  Website: http://www.taxguru. in/  Get LEGAL & FINANCIAL UPDATES FROM TAX GURU delivered by email

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