| Supreme Court admitted petition on applicability of service tax on selling of mutual fund products 
The Supreme Court has admitted a petition which has raised an important question: Is selling mutual fund products a taxable service? The apex court headed by Justice S H Kapadia admitted an appeal filed by Commissioner of Service Tax stating that... | | ICAI requested for extension of due date for filing of return of Income 
Due to the fact that most of the establishments are virtually closed on account of festivals of Durga Pooja, Navratra's and Dussehra, representations were received from members all over the country posing the difficulties faced by them in... | | ICAI – Announcement for panel for outsourcing of work of Technical Scrutiny of Balance Sheets
The Institute has received an Office Memorandum (OM) from the Ministry of Corporate Affairs. As per the OM, the Registrar of Companies will prepare a panel of professionals for Technical Scrutiny of Balance Sheets filled by the Companies for the... | | Government proposal to constitute a supervisory mechanism opposed by ICAI, ICSI and ICWAI
A GOVERNMENT proposal to constitute a supervisory mechanism above the country's three statutory institutes for accounting, company secretaryship and cost accounting and allowing their members to provide services in each other's fields has been... | | Amendment in Electronic Furnishing of Return of Income Scheme, 2007
Notification No. 70/2009, dated 22-9-2009 In exercise of the powers conferred by sub-section (1B) of section 139 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following amendment in the notification of... | | Deduction u/s. 80C for tuition/school fees paid for education of children 
Who is Eligible: Deduction for tuition fees u/s. 80c of the Income Tax Act 1961 is available to Individual Assessee and is not available to HUF. Maximum Child: Deduction under this section is available for tuition fees paid on two children's... |
With Regards,
CA Sandeep Kanoi
Website: http://www.taxguru.in/
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