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Section 10(10)(iii) of the Income-tax Act, 1961 – Gratuity – Gratuity exemption limit raised to Rs.10 lakhs Posted: 12 Jun 2010 08:37 PM PDT 
In exercise of the powers conferred by sub-clause (iii) of clause (10) of section 10 of the Income-tax Act, 1961 (43 of 1961), and in supersession of Ministry of Finance, Department of Revenue, notification no. S.O. 287 dated the 20th January, 1999... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  | | Text of the Valedictory Address of MOS, Revenue Posted: 12 Jun 2010 09:48 AM PDT 
In the year ahead, we have a tough task before us. We have to achieve a budget collection target of Rs.4.30 lakh crore. The FM in his speech yesterday had implied and hoped that the direct tax collection will exceed its Budget Estimates. However, I... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  | | FM asks CBDT to Address the Issue of Unwanted Litigation with taxpayers and Realise Locked up Revenue in Appeals Posted: 12 Jun 2010 09:46 AM PDT 
Finance Minister, Shri Pranab Mukherjee announced the operationalisation of the income tax welfare fund which was pending since 1998. The fund has a corpus of Rs.100 crore and will be available for welfare activities of the employees of the income... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  | | Despite cessation of PE, gains on transfer of PE asset taxable under Act and DTAA Posted: 12 Jun 2010 12:11 AM PDT 
The assessee, a Mauritian tax resident, owned a jack-up rig used for drilling of mineral oil. The rig was given on charter basis to an Indian company which in turn leased it to ONGC for operations in Indian territorial waters. On 24.4.1997, the... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  | | Attention: IPCC / ATC Examinees of May, 2010 term of CA Examination Posted: 12 Jun 2010 12:09 AM PDT 
In continuation of announcement dated February 23, 2010, we wish to bring to the notice of IPCC/ ATC examinees who have appeared in May, 2010 examination but not yet registered for 35 hours Orientation Programme and 100 hours Information Technology... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
With Regards,
CA Sandeep Kanoi
Website: http://www.taxguru.in/
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