TAX & LEGAL UPDATES FROM TAX GURU 20.05.2009

UPDATES FROM TAX GURU Narayan Murthy not in favour of Income Tax Exemption for IT Industry Posted: 19 May 2009 12:06 PM PDT Former Infosys chairman Narayan Murthy gives his views on a wide range of topics and opines that the IT industry should not be given any tax exemptions. Excerpts from the interview: Q: How do you see... Cold response to new LLP Act, Only 10 Firm Registered in one Month Posted: 19 May 2009 09:15 AM PDT A month after the government allowed registration of Limited Liability Partnerships, only 10 firms have availed this new form of doing business that provides advantages of a partnership firm and also... Claim Interest on Income Tax Refund for delay Posted: 18 May 2009 09:51 PM PDT If you're a salaried individual working in any organisation in India, you know the irritation that overcomes you when a mail arrives asking you to declare you proposed investments for the year.... Courier Services been used to evade tax, Police seized 90 Lakh Posted: 18 May 2009 09:42 PM PDT Mumbai: Investigations into the seizure of Rs 90 lakh during nakabandi by the MRA Marg police last week have revealed that the money was sent by commission agents who ran a courier service. The money...

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