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Jun 30, 2009

UPDATES FROM TAX GURU 01.07.2009

UPDATES FROM TAX GURU


Clarification regarding deduction under section 80-IB(10) in respect of undertakings developing building and housing projects

Posted: 30 Jun 2009 09:00 PM PDT


Instruction No. 4/2009, dated 30-6-2009 Under sub-section (10) of section 80-IB an undertaking developing and building housing projects is allowed a deduction of 100% of its profits derived from...

Government may disallow the depreciation allowance that charitable organisations claim

Posted: 30 Jun 2009 09:24 AM PDT


The government is considering a proposal to disallow the depreciation allowance that charitable organisations claim, following a recommendation by the income-tax department. Officials close to the...

New TDS Rules related to mentioning of Unique Transaction Number(UTN) in ITR kept in abeyance

Posted: 30 Jun 2009 06:39 AM PDT


The CBDT has finally come out with a much awaited Press Release relating to the new TDS rules. All of us were anxiously waiting for some news about the Unique Transaction Numbers that are required...


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UPDATES FROM TAXGURU