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Jul 29, 2010

TaxGuru.in : Legal & Tax Updates 29.07.2010

TaxGuru.in : Legal & Tax Updates 

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I-T dept opens Separate counters for senior citizens and women taxpayers, Return will be accepted on 31st July

Posted: 28 Jul 2010 08:18 PM PDT


Office of the Chief Commissioner of Income Tax (CCI-T) has made special arrangements for acceptance of returns from assessees to handle the rush it is likely to witness during the current week. The last day for filing of returns for the assessment...

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SC decides to send notices on email to respondents to cut the delay

Posted: 28 Jul 2010 08:17 PM PDT


With the pendency of cases refusing to come down from the 50,000 level, the Supreme Court on Monday decided to experiment with email notices to respondents to cut the delay in the traditional method of serving notices. The traditional method --...

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Misconception about e-filing of Income Tax Return

Posted: 28 Jul 2010 08:16 PM PDT


As the last date for filing income tax return for individuals, Hindu undivided families and other non-corporate assessees — July 31 — approaches, it is time to scurry around to arrange for the requisite documents and make several calls to their tax...

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Andhra Pradesh High Court posts hearing on bail petition moved by Satyam Computers promoter B Ramalinga Raju to August 5

Posted: 28 Jul 2010 08:15 PM PDT


The Andhra Pradesh High Court on Wednesday posted the hearing on a bail petition moved by B Ramalinga Raju, prime accused in the multi-crore Satyam Computers accounting scam, to August 5. The company's former chairman moved the petition exactly one...

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Supplementary Study Paper-2010 on Direct Tax Laws and Indirect Tax Laws for Students of CA Final Course [Relevant for May 2011 and November 2011 examinations]

Posted: 28 Jul 2010 08:10 PM PDT


The Supplementary Study Paper is an annual publication, containing a discussion of the amendments made by the Annual Finance Act and Notifications/Circulars in income-tax, wealth-tax, central excise, customs and service tax laws. This publication is...

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List of publications relevant for CA students appearing in November 2010 Examinations

Posted: 28 Jul 2010 07:52 PM PDT


The list of publications relevant for November 2010 examinations has been hosted on the website of the Institute. You may go through the same to be aware of the publications which are relevant from the examination point of view.

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Loan facilities to the physically/visually challenged by NBFCs

Posted: 28 Jul 2010 07:38 PM PDT


NBFCs are therefore advised that there shall be no discrimination in extending products and facilities including loan facilities to the physically / visually challenged applicants on grounds of disability. NBFCs may also advise their branches to...

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SEBI extends deadline for ASBA facility in NFOs to October 1 2010

Posted: 28 Jul 2010 06:49 PM PDT


Market regulator SEBI today extended the deadline for mutual funds to implement the ASBA facility for new fund offers to October 1. Under ASBA--Application Supported by Blocked Amount-- deposits of applicants remain in their accounts till the...

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First Quarter Review of Monetary Policy 2010-11: Press Statement by Dr. D. Subbarao, Governor

Posted: 28 Jul 2010 06:45 PM PDT


"This morning, the Reserve Bank released the First Quarter Review of Monetary Policy for 2010-11 at a meeting of the chief executives of major banks. The important decisions contained in the review were to raise the repo rate from 5.5 per cent to...

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Custom Duty Notification No. 78 /2010 dated 27th July, 2010

Posted: 28 Jul 2010 01:07 PM PDT


In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government being satisfied that it is necessary in the public interest so to do, hereby exempts the goods described in the...

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Customs – Notification No. 77/2010 – Regarding provisional anti-dumping duty on Poly Vinyl Chloride Paste Resin thereof, originating in, or exported from, People's Republic of China, Japan, Republic of Korea, Malaysia, Russia, Taiwan and Thailand

Posted: 27 Jul 2010 12:55 PM PDT


Whereas in the matter of imports of Poly Vinyl Chloride Paste Resin (hereinafter referred to as the subject goods), falling under sub heading 3904 22 10 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred as the...

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