LEGAL & INCOME TAX UPDATES FROM TAX GURU 10.04.2009

LEGAL & FINANCIAL UPDATES FROM TAX GURU   Rationalization of provision of Securities Transaction Tax & discontinuance of Rebate U/s 88E Posted: Thu, 09 Apr 2009 20:08:31 +0000 Section 98 of Chapter VII of Finance (No.2) Act, 2004, provides for charge of securities transaction tax (STT). It was provided that in the case of sale of a derivative, where the transaction of such... Consequence of non-filing of appeal in respect of cases where the tax effect is less than the prescribed monetary limit Posted: Thu, 09 Apr 2009 20:03:35 +0000 There is a prescribed dispute resolution mechanism under the Income-tax Act. In this regard, the Central Board of Direct Taxes have issued instructions from time to time directing Departmental... Rationalisation of revised Settlement Scheme Posted: Thu, 09 Apr 2009 19:57:29 +0000 The Finance Act, 2007 carried out a comprehensive amendment to the scheme of settlement of cases. This scheme provides for abatement of proceedings before the Settlement Commission under various... Clarification regarding stay of demand by Income-tax Appellate Tribunal Posted: Thu, 09 Apr 2009 19:53:05 +0000 The provisions relating to appeals to the Income Tax Appellate Tribunal (ITAT) are contained in section 252 to section 255 of the Income-tax Act. Sub-section (2A) of section 254 provides that the... Consequences of non-deduction of tax at source (TDS) Posted: Thu, 09 Apr 2009 02:57:26 +0000 Under section 201, a person is deemed to be an assessee in default if there is a failure to deduct tax at source or for failure to deposit the tax deducted at source after such tax has been deducted.... With Regards, Sandeep Kanoi My Website: http://www.taxguru.in/ Subscribe for Free Income Tax Updates   Enter your email address: Delivered by FeedBurner

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