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Income Tax deportment released software utility for E-Filing of ITR-6 for A.Y 2010-11

Posted: 02 Jul 2010 08:24 PM PDT


ITR-6- For Companies other than companies claiming exemption under section 11.Download ITR-6 E-filing Return Preparation Software for A.Y. 2010-11. Download New Saral-II (ITR-1) Excel Based Return Preparation Utility for the F.Y. 2009-10, A.Y....

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Order of jurisdiction for Commissioner(s) of Income Tax and Ranges of North West Region

Posted: 02 Jul 2010 08:18 PM PDT


authorise the said Commissioners of Income Tax, to issue orders in writing for the exercise of powers and performance of functions by all or any of the Income-tax authorities who are subordinate to them in respect of such territorial areas, or such...

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Central Excise Notification No 27/2010 CE(NT), Amends the CENVAT Credit Rules, 2004

Posted: 02 Jul 2010 08:03 PM PDT


supplied for the use of foreign diplomatic missions or consular missions or career consular offices or diplomatic agents in terms of the provisions of notification No. 6/2006- Central Excise dated the 1st March, 2006, number G.S.R.96(E), dated the...

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CUSTOMS Notification No 73/2010, Amends Notification No. 37/2006-CUSTOMS, dated the 20th April, 2006 thereby continuing anti-dumping duty on imports of Pentaerythritol, originating in, or exported from, the People's Republic of China and Sweden

Posted: 02 Jul 2010 07:43 PM PDT


in the matter of continuation of anti-dumping duty on imports of Pentaerythritol, falling under tariff item 2905 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), originating in, or exported from, the People's Republic of China and...

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Amendments in the Handbool of Procedures (Vol-1), 2009-14 – addition of sub-paragraph 4.4.5- DGFT PUBLIC NOTICE No 78/2009-14

Posted: 02 Jul 2010 07:38 PM PDT


Where import of meat and meat products of any kind including fresh, chilled and frozen meat, tissue or organs of poultry, pig, sheep, goat; egg & egg powder; milk & milk products; bovine, ovine and caprine embryos, ova or semen; and pet...

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New Office address of Federation of Gujarat -Industries (Amendment in Appendix 4C)- DGFT Public Notice No. 77/2009-14

Posted: 02 Jul 2010 07:33 PM PDT


In exercise of powers conferred under paragraph 2.4 of the Foreign Trade Policy 2009-2014, the Director General of Foreign Trade hereby makes the following amendment in Appendix 4C (List of Agencies Authorised to Issue Certificates of Origin - Non...

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ICAI issued notification on Transfer/Termination of Articleship allowed Transfer during the first year of articles

Posted: 02 Jul 2010 07:22 PM PDT


In partial modification of the announcement dated 30th June 2009 regarding transfer / termination of articles the Council in its recent meeting has decided that the transfer/termination of articleship in terms of Regulation 56(1) of the Chartered...

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View your Tax Paid (Form 26AS) detail at Income Tax Website, NSDL website and also at Online Banking Accounts

Posted: 02 Jul 2010 07:04 PM PDT


You can now view your Form 26AS (Taxes paid) at ITR e-Filing website, without any additional login. To view the tax statement, Assessees can now login in to www.incometaxindiaefiling.gov.in with their login, and click on "My Accounts" -> "View Tax...

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Transfer Pricing Law for user of foreign trademarks & advertisement expenditure laid down

Posted: 02 Jul 2010 06:36 PM PDT


The assessee manufactured cars using the brand name "Maruti". It entered into an agreement with Suzuki, Japan, pursuant to which it began manufacturing cars using the brand name "Suzuki". The TPO issued a show-cause notice in which he alleged that...

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Revised Agreement between Republic of India and the Republic of Finland with respect to taxes on DTAA

Posted: 02 Jul 2010 06:29 PM PDT


The revised Agreement and the Protocol between the Republic of India and the Republic of Finland for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income (DTAA) was signed by the Chairman, CBDT on...

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Income tax Planning in respect of Salary Perquisites

Posted: 02 Jul 2010 06:20 PM PDT


For employees of large Indian and multinational companies, benefits go beyond salaries to include lifestyle perks such as company accommodation or club membership. Growth in business operations and competition for talent are now prompting even...

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Three IPL team asked to furnish information on the sources of their funding and ownership

Posted: 02 Jul 2010 10:51 AM PDT


The income tax authorities have asked Rajasthan Royals, Kolkata Knight Riders and Kings XI Punjab-the three IPL teams co-owned by cine stars Shilpa Shetty, Shahrukh Khan and Preity Zinta, respectively-for information on the sources of their funding...

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Only tax payers having PAN can file PIL

Posted: 02 Jul 2010 10:46 AM PDT


The Jharkhand High Court on Thursday barred non-tax payers from filing a public interest litigation (PIL). "A division bench of Acting Chief Justice Sushil Harkauli and DN Patel set the parameters for filing a PIL. The parameters include a term that...

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Under-construction properties get costlier from 1st July 2010

Posted: 02 Jul 2010 10:41 AM PDT


Costs rise from 1st July 2010 for buyers of under-construction properties due to the imposition of a service tax on builders. Last week, the Central Board of Excise and Customs notified that a service tax of 10 per cent would be levied on the gross...

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FM Says Measures Taken by RBI are Desirable

Posted: 02 Jul 2010 10:32 AM PDT


Reserve Bank of India (RBI) has raised Repo and Reverse Repo rates by 25 basis points each to 5.50 percent and 4.0 percent respectively. At the same time, some liquidity management measures have been extended.These measures are expected to contain...

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Summary of Service Tax Notification No. 36/2010 to 42/2010 dated June 28, 2010

Posted: 01 Jul 2010 11:34 PM PDT


The Central Government has issued notifications relating to advance receipts and exemptions in respect of Port, Other Port and Airport Services. 1. No service tax on advances received before July 1, 2010 in respect of new services and amendments...

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Summary of Central Excise Notifications 25/2010, 28/2010 , 29/ 2010 and Clean Energy Cess Notifications

Posted: 01 Jul 2010 11:23 PM PDT


Exemption from Cess {Notification No. 28/2010-Central Excise and 29/ 2010-Central Excise dated June 22, 2010.}Central Government has exempted goods subjected to Clean Energy Cess from levy of Education Cess and Secondary and Higher Secondary...

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Summary of Service Tax Notification No. 24/2010 to 35/2010 dated June 22, 2010

Posted: 01 Jul 2010 11:11 PM PDT


Service Tax Notifications (Notification No. 24/2010-Service Tax to Notification No. 35/2010-Service Tax dated June 22, 2010.) The Central Government has issued various notifications regarding levy of Service Tax and exemptions therefrom, to be...

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CUSTOMS Notification No 52/2010 (NT), Amends Notification No. 36/2001 – Customs (N.T.), dated, the 3rd August, 2001

Posted: 01 Jul 2010 10:49 PM PDT


In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Board, being satisfied that it is necessary and expedient so to do, hereby makes the following further amendment in the notification of...

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CUSTOMS Notification No 51/2010 (NT), Prohibits the import of specified goods intended for sale or use in India, subject to certain conditions and procedures

Posted: 01 Jul 2010 10:45 PM PDT


goods made or produced beyond the limits of India and having applied thereto a design in which copyright exists under the Designs Act, 2000(16 of 2000), in respect of the class to which the goods belong or any fraudulent or obvious imitation of such...

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Abatement Provisions – Specified activities rendered in port/other port/airport – Corrigendum to Notification No.40/2010-ST, dated 28-6-2010

Posted: 01 Jul 2010 10:35 PM PDT


Abatement Provisions – Specified activities rendered in port/other port/airport – Corrigendum to Notification No.40/2010-ST, dated 28-6-2010

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Service Tax (Amendment) Rules, 2010 – Amendment in rule 4A – Corrigendum to Notification No. 39/2010-ST, dated 28-6-2010

Posted: 01 Jul 2010 09:06 PM PDT


Corrigendum, dated 30-6-2010.In the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 39/2010-Service Tax, dated the 28th June, 2010 published in the Gazette of India, Extraordinary, Part II, Section 3,...

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Transport of goods by road – Amendment in Notification No. 13/2008-ST, dated 1-3-2008- Notification No. 43/2010–Service Tax, dated 30-6-2010

Posted: 01 Jul 2010 09:02 PM PDT


In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following amendment in the...

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Blackmailers using RTI Act to blackmail builders

Posted: 01 Jul 2010 08:57 PM PDT


The dreaded extortion call from a bhai is unsettling for any construction tsar, but Mumbai's builders are now quivering before far lesser mortals. The violations they indulge in, they gripe, are being ferreted out by a bunch of "professional...

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Tussle between SEBI and IRDA not deterred investors from investing in ULIP

Posted: 01 Jul 2010 08:51 PM PDT


The controversy surrounding the regulation of unit-linked insurance policies (Ulips) has failed to deter investors from holding on to their products or even getting new ones. At least the service tax collections from the product during April-May...

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IFRS migration will create taxation issues for Indian Companies

Posted: 01 Jul 2010 08:48 PM PDT


As corporate India comes to terms with the complex new system of accounting standards, which it will have to adopt beginning April 1, it is vexed with two related issues that it has no control over — taxation and the companies law.

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Issuance of service tax notifications after enactment of the Finance Act, 2010

Posted: 01 Jul 2010 08:46 PM PDT


The Finance Bill 2010 was enacted on 8th May 2010. Section 76 and 77 of the Finance Act, 2010 (14 of 2010) pertain to service tax issues. Certain new taxable services were introduced and certain changes in the scope of the existing taxable services...

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Commerce and Industry Minister may take up SEZ tax issue with Pranab

Posted: 01 Jul 2010 06:24 PM PDT


The Commerce and Industry Minister, Mr Anand Sharma, is likely to call on the Finance Minister, Mr Pranab Mukherjee, here on Friday at the latter's North Block office.

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