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Oct 14, 2009

UPDATES FROM TAX GURU 15.10.2009

UPDATES FROM TAX GURU



CA seek investigation into his alleged extortion

Posted: 14 Oct 2009 07:50 AM PDT


Mumbai: Jayesh Sanghoi, the chartered accountant of Jaya Chedda—ex-wife of slain matka king Suresh Bhagat—has approached the Mulund metropolitan magistrate, seeking an investigation into his alleged extortion by Suresh's brother Vinod. Related...

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Agreement for Avoidance of Double Taxation and Prevention of Fiscal Evasion with Government of Grand Duchy of Luxembourg

Posted: 14 Oct 2009 07:39 AM PDT


Section 90 of the Income-tax Act, 1961 - Double taxation agreement - Agreement for Avoidance of Double Taxation and Prevention of Fiscal Evasion with Foreign Countries - Agreement with Government of Grand Duchy of Luxembourg. Related...

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Indo-American doctor convicted for $16 Million tax evasion

Posted: 14 Oct 2009 07:28 AM PDT


Indian American doctor convicted for $16 mn tax evasion Oct 9 (IANS) A federal jury has convicted an Indian American cardiologist for evading more than $16 million dollars in income taxes and filing false tax returns. Related posts:Sell Investment...

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Under GST regime import will attract Goods and service tax

Posted: 14 Oct 2009 07:22 AM PDT


The Empowered Committee of State Finance Ministers has endorsed in principle the levy of GST on imports and mandated a Joint Working Group to prepare a report in four weeks on the structural changes necessary to be adopted for this...

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RBI Circular on display and distribution of list of defaulters and suit-filed accounts

Posted: 14 Oct 2009 06:59 AM PDT


As announced by the Hon'ble Finance Minister in his Budget Speech on February 28, 1994, in order to alert the banks and FIs and put them on guard against borrowers who have defaulted in their dues to other lending institutions, the Reserve Bank of...

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From October 15 Maximum withdrawals at once from other banks ATM Rs. 10000/- subject to maximum of 5 withdrawals in a month

Posted: 13 Oct 2009 10:29 PM PDT


From October 15, a customer can take out a maximum of Rs 10,000 per withdrawal from ATMs not owned by the bank in which he has an account, and the number of such transactions would be limited to five a month. Related posts:Use of other banks ATM...

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With Regards, 
CA Sandeep Kanoi 
Website: http://www.taxguru.in/ 
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