UPDATES FROM TAX GURU 25.06.2009

UPDATES FROM TAX GURU Income Tax department filed appeal in ITAT against Mayawati demanding tax of 10 crore In fresh trouble for Uttar Pradesh Chief Minister Mayawati, the Income Tax Department has filed two appeals in the Income Tax Appellate Tribunal (ITAT) demanding additional tax of about Rs 10 crore... Swiss government agreed to share data on tax evasion cases with India The Swiss government has agreed to loosen its banking secrecy laws and share data on tax evasion cases that India may be pursuing, as part of a renegotiation of the Double Taxation Avoidance... Portfolio managers need to operate through individual bank accounts for each customer for providing portfolio management services The Securities and Exchange Board of India (Sebi) has finally come out with a circular to clear the ambiguities surrounding new guidelines for portfolio management services (PMS). The regulator said... Employees' Provident Fund rate will not change in financial year 2009-2010 The Employees' Provident Fund Organisation will not be able to pay more than 8.5 per cent interest on PF deposits during 2009-10 as it has no reserves left following a Rs 139 crore (Rs 1.39 billion)... Circular on Criteria and Manual for Scrutiny of Service Tax Return (ST-3) Circular No. 113/7/2009-ST, dated 23-4-2009 The Working Group on Central Excise and Service Tax re-engineering, constituted by the Board has prepared a Return Scrutiny Manual for Service Tax... With Regards,  CA Sandeep Kanoi  Website: http://www.taxguru.in/  Get LEGAL & FINANCIAL UPDATES FROM TAX GURU delivered by email

---

Love Cricket? Check out live scores, photos, video highlights and more. Click here.