UPDATES FROM TAX GURU 23.06.2009

UPDATES FROM TAX GURU ICAI announcement on Indian CA firms having affiliation with international entities/network Posted: 22 Jun 2009 10:20 AM PDT Indian CA firms having affiliation with international entities/network - (22-06-2009)ANNOUNCEMENT (For Mandatory compliance) Indian CA firms having affiliation with international entities/network... Income tax sleuths detected tax evasion worth around Rs 14 crore Posted: 22 Jun 2009 10:13 AM PDT Income tax sleuths on Friday detected tax evasion worth around Rs 14 crore from five developers-cum- real estate agents of Mohali.  This is considered to be the biggest detection made by the... Infrastructure to generate Unique transaction Number (UTN) still not in place Posted: 22 Jun 2009 10:00 AM PDT The problem, though, is that infrastructure to generate UTNs is still not in place, leaving income tax assessees in a lurch as July 31, 2009, the last date to file returns for the financial year... Government considering proposal to streamline rates applicable for tax deducted at source Posted: 22 Jun 2009 09:21 AM PDT This follows a recommendation from the income tax department that TDS rates should be structured in three slabs of between one and five per cent for any stream of income. TDS is the final tax payable... LIC will provide facility to Claim LIC benefits at any of its branches Posted: 22 Jun 2009 09:17 AM PDT The country's largest insurer Life Insurance Corporation, has decided to operationalise a system within two years that will allow policy holders to claim benefits and pay premium at any of its over.... With Regards,  CA Sandeep Kanoi  Website: http://www.taxguru.in/  Get LEGAL & FINANCIAL UPDATES FROM TAX GURU delivered by email

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