UPDATES FROM TAX GURU 09.05.2009

UPDATES FROM TAX GURU I-T department slaps Rs 400-cr notice on DLF for the fiscal year ended March 31, 2006 Posted: 08 May 2009 10:22 AM PDT DLF, the country's biggest real estate developer, said the Income Tax  (I-T) Department, had raised an additional demand of Rs 300-400 crore for understating its income for the fiscal year... SEBI not yet issued notification on peer review of statutory auditors of listed companies Posted: 08 May 2009 10:13 AM PDT A peer review of statutory auditors of listed companies may have become mandatory from April this year, but the Securities Exchange Board of India (Sebi) is yet to come out with a notification on the... Government plans to impose anti-dumping duty on imports of front axle beam and steering knuckles Posted: 08 May 2009 09:45 AM PDT The government plans to impose anti-dumping duty on imports of front axle beam and steering knuckles used in the production of commercial vehicles to guard the domestic industry from cheap Chinese... RBI asked banks to review their existing policies for lending to MSEs Posted: 08 May 2009 09:34 AM PDT The Reserve Bank of India (RBI) has asked banks to review their existing policies for lending to micro and small enterprises (MSEs) and frame norms for restructuring sick units that are potentially... Excise Board on track to E-payment and Automated Central Excise and Services Posted: 08 May 2009 09:27 AM PDT Filing that service tax or excise duty for small and medium businesses on time are about to become easier, considering the developments at the Central Board of Excise and Customs. The announcement... With Regards,  Sandeep Kanoi  Website: http://www.taxguru. in/  Get LEGAL & FINANCIAL UPDATES FROM TAX GURU delivered by email

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