| Highlight of Maharashtra State Additional Budget 2009 Posted: 04 Jun 2009 11:13 AM PDT 
As Maharashtra braces up for polls and celebrates its golden jubilee year, it tabled a revenue-deficit budget for the year 2009-10 on 4th June 2009 that focuses on infrastructure development and...  |
| Submission of ITR V and Issues related thereto Posted: 04 Jun 2009 10:58 AM PDT 
It has been proposed under the IT Circular 3/2009 that if the return is electronically furnished under a digital signature, the tax-payer is not required to furnish the Form ITR-V with the Income-tax...  |
| Quoting of Unique transaction Number (UTN) in ITR and practical issues Posted: 04 Jun 2009 10:54 AM PDT 
It has been directed that ITR-1 to ITR-8 shall require the quoting of the relevant UTN for every TDS or TCS claim made by an assessee and that the credit for any TDS/TCS claim will be allowed only if...  |
| ITAT Mumbai Bench Funtioning Notice From 08.06.09 to 13.06.09 Posted: 04 Jun 2009 10:46 AM PDT 
NOTICE The following Benches will function during the period 08.06.09 to 12.06.09 " A, B, C, D, E, E-1, F, G, H, SMC " & SPECIAL BENCH ON 09.06.09 Sd/- (M.A.Bakshi) (Vice-President(...  |
| RBI ask banks to clear local cheques within a day and of outstation cheques within 14 days Posted: 04 Jun 2009 09:35 AM PDT 
Banks were told by the Reserve Bank of India on Tuesday to ensure clearance of all local cheques within a day and of outstation cheques within 14 days. Compliance is to be reported within a...  |
| ITAT - The Bench shall Pronounce the Order! – Deemed Pronouncement Posted: 04 Jun 2009 01:26 AM PDT 
AS per Rule 34 of the Income-tax (Appellate Tribunal) Rules, 1963, (1) The order of the Bench shall be in writing and shall be signed and dated by the Members constituting it. (2) The Members...  |
| AAR on importance of the transfer pricing provision over the capital gains provision Posted: 04 Jun 2009 01:09 AM PDT 
The AAR upholds the importance of the transfer pricing provision over the capital gains provision in case of an international transaction In a recent ruling in case of Canoro Resources Limited1....  |
| Deemed dividend cannot be taxed in the hands of non-shareholder Posted: 04 Jun 2009 12:46 AM PDT 
Closely-held group companies that frequently borrow money from each other should make a mental note of a recent ruling by the income tax appellate tribunal (ITAT), a quasi-judicial tax authority. The...  |
| Delays in cheque clearing - case no. 82 of 2006 before National Consumer Disputes Redressal Commission Posted: 04 Jun 2009 12:32 AM PDT 
NOTIFICATIONS NO. DPSS.CO. (CHD) NO. 873 / 03.09.01/ 2008-09, DATED 24-11-2008 As you may be aware, during August 2006, a case was filed before National Consumer Disputes Redressal Commission, New...  |
| LLP conversion - Notifications for making conversion effective Posted: 04 Jun 2009 12:15 AM PDT 
In exercise of the powers conferred by sub-section (3) of section 1 of the Limited Liability Partnership Act, 2008 (6 of 2009), the Central Government hereby appoints 31-5-2009 as the date on which... 
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