Financial, Legal & Tax Updates from TaxGuru (in this message: 5 new items)



Extension of date for applying CST declarations for the periods prior to 1/04/2008

Posted: 13 Mar 2010 04:53 AM PST

Background: Procedure for filing on-line application for the CST declarations had been introduced on 2nd February 2009. Facility of on-line application is available for all the periods starting froml-4-2008 onwards. Applications for the...

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Learning to Live with EET- Decoding the DTC – V

Posted: 13 Mar 2010 04:34 AM PST

For the tax-payer, "T" in the EET will never look like preferable to EEE. However, looking to the fact of EET as certainty, one will have to learn to live under it. The only alternative for the tax payer is to organize the affairs in such a way that...

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FAQ on Provisions relating to Capital Gain- Decoding the DTC – IV

Posted: 13 Mar 2010 04:11 AM PST

The ITA has always treated income from CG under special category. Not only liberal deductions / exemptions were provided, even the rate of tax was low as compared to the rate of tax on income from salary, business etc. Since long, CG has always been...

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Taxability of Amount Receivable under Life Insurance Policies in DTC- Decoding the DTC – III

Posted: 13 Mar 2010 03:46 AM PST

The case in point is the proposal under the Direct taxes Code (DTC) to levy tax on amount received under life insurance policy. It is vehemently argued that the Government is playing foul by changing the rule of the game in between. Having declared...

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Decoding the Direct Taxes Code – II, A Panoramic View

Posted: 13 Mar 2010 03:22 AM PST

Although the length of the Code is much compact with 285 sections, relationship between various sections, clauses, sub-clauses and Schedules makes one wondering from where to start. Should one start reading with Income from Employment or Capital...

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