Access details of your ITR on Mobile Posted: 02 Mar 2012 07:50 PM PST The new software, which allows taxpayers to access details of his ITR on smart phone, is being developed with the help of TCS. The new service will be part of the upgraded online return filing portal which will be launched in the next couple of... [[ This is a content summary only. Visit www.taxguru.in for full article.]] 
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| CBEC Invites suggestions regards rising litigation with the taxpayer Posted: 02 Mar 2012 07:50 PM PST Rising litigation with taxpayers is matter of serious concern for the Government. A need for reducing the litigation has been emphasized by the Finance Minister on various occasions. As per the directions of the Finance Minister, a Standing... [[ This is a content summary only. Visit www.taxguru.in for full article.]] 
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| Tax benefit under section 54EC on long term capital gain Posted: 02 Mar 2012 07:40 PM PST The benefit under section 54EC can be availed of only if there is an income from a capital asset, being long-term in nature. Long-term capital gains are the profit that a person makes when he sells any capital asset (for example, any immovable... [[ This is a content summary only. Visit www.taxguru.in for full article.]] 
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| Tax Planning Tips- Your parents can help you save tax / reduce your tax liability Posted: 02 Mar 2012 07:10 PM PST Buy House in Parents name if they are in a lower Income tax bracket. Pay them rent if you live in their house- Do you live in your parents' house? You can pay them rent to claim House Rent Allowance exemption. This is possible only if the property... [[ This is a content summary only. Visit www.taxguru.in for full article.]] 
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| CMA – President Communique, March, 2012 Posted: 02 Mar 2012 06:52 PM PST 1st February 2012, will be written in letters of gold in the annals of the Institute history, as it is the effective date from which the notification passed by the parliament for the change of name of the Institute to The Institute of Cost... [[ This is a content summary only. Visit www.taxguru.in for full article.]] 
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| Capital Gains Accounts Scheme – How, who and where to open, Tax Benefits, Salient Features Posted: 02 Mar 2012 06:21 PM PST Capital gains arise when the consideration received on transfer or sale of a property is more than its indexed cost. The amount of capital gains that is not appropriated by an assessee towards the purchase of another property within one year from... [[ This is a content summary only. Visit www.taxguru.in for full article.]] 
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| Request for Expression of Interest (EoI) for Cost Audit and Energy Audit of Co Operative Sugar Factories in Maharashtra Posted: 02 Mar 2012 05:47 PM PST Cost Audit & Energy Audit for all Co operative Sugar Factories have been made mandatory vides Government of Maharashtra Order No. SGY2011/C.R.359/14-S dated. 8th December 2011. Expression of Interest (EoI) is invited from the interested Firm... [[ This is a content summary only. Visit www.taxguru.in for full article.]] 
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| Useful tips to save Income Tax for the Financial Year (FY) 2011-112 Posted: 02 Mar 2012 05:15 PM PST Income from Salary:-Section 17 of the Income Tax (IT) Act is all about taxation under the head 'salary'. In most of the cases, it is impossible for a salaried person to avoid tax on his income, except by way of deduction under chapter VI A of the IT... [[ This is a content summary only. Visit www.taxguru.in for full article.]] 
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| DGFT – Amendment in the subject of Notification No. 98 (RE-2010)/2009-14 dated 23.02.2012 Posted: 01 Mar 2012 08:01 PM PST Notification No. 101 (RE-2010)/2009-2014- In Notification No. 98 (RE-2010)/2009-14 dated 23.02.2012, the Subject heading at the top was mentioned as Permission for export of non-basmati rice through Land Custom Stations (LCS) on Indo-Bangladesh... [[ This is a content summary only. Visit www.taxguru.in for full article.]] 
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| Non-deposit taking NBFCs to report and disclose fraud cases Posted: 01 Mar 2012 08:00 PM PST NBFCs-ND-SI are advised to follow the Guidelines which inter alia, stipulate that individual cases of frauds involving amount less than Rs. 25 lakhs shall be reported to the respective Regional Offices(ROs) of DNBS in whose jurisdiction registered... [[ This is a content summary only. Visit www.taxguru.in for full article.]] 
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| Financial Inclusion by Extension of Banking Services – Use of Business Correspondents (BCs) Posted: 01 Mar 2012 07:51 PM PST Please refer to paragraph 3 on 'BC Model' of our circular DBOD.No.BL.BC.43/ 22.01.009/2010-11 dated September 28, 2010 on the above subject wherein it is stated that while a BC can be a BC for more than one bank, at the point of customer interface,... [[ This is a content summary only. Visit www.taxguru.in for full article.]] 
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| Clarification – Establishment of Branch Offices (BO) / Liaison Offices (LO) in India by Foreign Entities – Delegation of Powers Posted: 01 Mar 2012 07:30 PM PST A.P. (DIR Series) Circular No.88 Attention of Authorised Dealer Category – I (AD Category – I) banks is invited to A.P. (DIR Series) Circular No.24 dated December 30, 2009 in terms of which powers have been delegated to the AD Category-I bank... [[ This is a content summary only. Visit www.taxguru.in for full article.]] 
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| SEBi issues Guidelines for Credit Rating Agencies Posted: 29 Feb 2012 08:02 PM PST According to SEBI (Credit Rating Agencies) Regulations, 1996 (the Regulations), a credit rating agency (CRA) has been defined as a body corporate which is engaged in the business of rating of securities offered by way of public or rights issues. The...
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