| Finance Bill 2010-11: Relaxation in Direct Taxes (Income Tax) announced by Finance Minister Posted: 29 Apr 2010 08:43 PM PDT Direct Taxes (Income Tax) - Relaxation announced by the Finance Minister in the Lok Sabha while replying to the debate on Finance Bill, 2010 onApril 29, 2010. While introducing the Finance Bill, 2010 in respect of Direct Taxes, emphasis has been on... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Finance Bill 2010-11: Relaxation in Service Tax announced by Finance Minister Posted: 29 Apr 2010 08:41 PM PDT The construction sector has requested for a review of the changes in the service tax law proposed in this year's Budget. Several suggestions have been made by the trade associations. Considering all the inputs, I propose to provide tax relief to... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Finance Bill 2010-11: Relaxation announced by FM in Indirect Taxes (Central Excise and Customs) Posted: 29 Apr 2010 08:37 PM PDT Full exemption from excise duty has been provided to betel nut product commonly known as 'supari'. This exemption is now being extended to scented supari. Central excise duty on corrugated boxes and cartons was reduced from 8% to 4% when they are... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Finance Bill, 2010- FM announces 'Coffee Debt Relief Package 2010' Posted: 29 Apr 2010 08:34 PM PDT The Coffee growers in the country have been facing long standing financial problems ever since the coffee prices fell to very low levels during the period 2000-2004. Relief Packages in the form of Special Coffee Term Loan 2002 and Special Coffee... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Major Highlight of Amendment to Finance Bill 2010-11 passed in Lok Sabha Posted: 29 Apr 2010 08:14 PM PDT Considering the pressing need for more hospitals all over the country, it is proposed to include the business of a new hospital anywhere in India, with at least one hundred beds for patients, as a 'specific business' for availing the benefit of... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Service tax notices to IPL sponsors DLF, Adidas and Religare Posted: 29 Apr 2010 08:04 PM PDT The income-tax department has served service tax notices on IPL sponsors DLF, Adidas and Religare. Sources said the tax demand on DLF, the title sponsor which is supposed to pay Rs 40 crore a year as sponsorship fee for five years, was Rs 4.8 crore... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Finance Bill, 2010 – Notice of Amendments – Bill passed by Lok Sabha on 29-4-2010 Posted: 29 Apr 2010 07:51 PM PDT on or after the 1st day of April, 2010, where the specified business is in the nature of developing and building a housing project under a scheme for slum redevelopment or rehabilitation framed by the Central Government or a State Government, as the... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Finance Bill 2010-2011 passed in Lok Sabha with few amendments Posted: 29 Apr 2010 07:51 PM PDT The Lok Sabha on Thursday passed the Finance Bill for 2010-11, with a special relief package for coffee growers, and tax concessions for healthcare, auto and realty sectors, but without any change in the levies on petroleum products. Finance... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| CBI Conducts Searches at 36 Places in Daman, Mumbai, New Delhi and Offices of Distilleries at Daman Posted: 29 Apr 2010 07:50 PM PDT 1. CBI Conducts Searches At 36 Places In Daman, Mumbai, New Delhi And Offices Of Distilleries At Daman In Connection With Evasion Of Rs. 340 Crore Excise Duties And Vat In The Union Territory Of Daman 2. CBI Registers a case against Joint... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| CBI arrested two senior officers of the Ministry of Home Affairs for corruption Posted: 29 Apr 2010 07:31 PM PDT The CBI today arrested two senior officers of the Ministry of Home Affairs in two separate cases — an alleged excise evasion racket in the Union Territory of Daman, and an alleged scam in the purchase of bulletproof jackets for use by central police... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Government likely to introduce Bill on Direct Tax Code in monsoon session Posted: 29 Apr 2010 07:26 PM PDT The Government is likely to place in the public domain by next month a revised discussion paper on the proposed Direct Taxes Code (DTC). After a quick round of consultations with some of the major stakeholders, the draft legislation (Bill) on DTC... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Website Names in Indian Languages Soon Posted: 29 Apr 2010 06:43 PM PDT If everything goes well as planned, India will be ready to have internationalised domain names on the Internet in seven Indian languages -- Hindi, Bangla, Punjabi, Urdu, Tamil, Telugu and Gujarati -- by next year. [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| ICAI sought info from 150 CA firms and multi-national corporations Posted: 29 Apr 2010 06:38 PM PDT Against the backdrop of multi-crore Satyam fraud, the accounting regulator ICAI has sought information from 150 chartered accountant firms, including multi-national corporations, to see whether they circumvented laws while providing auditing... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Make Income Tax procedures people-friendly: Opposition Posted: 29 Apr 2010 06:24 PM PDT Opposition on Thursday sought changes in the present income tax procedures to make it people-friendly and said it would help check tax evasion. Participating in the resumed debate on the Finance Bill in the Lok Sabha, Anant Geete (Shiv Sena) said... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Receipts with no nexus to exports have to be excluded for while computing 80HHC deduction Posted: 29 Apr 2010 06:15 PM PDT Explanation (baa) to s. 80HHC defines the term "profits of the business" to mean business profits as reduced by 90% of .. "receipts by way of brokerage, commission, interest, rent, charges or any other receipt of a similar nature". The Tribunal took... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
