UPDATES FROM TAX GURU 30.07.2009 (Empanelment and Budget News)

UPDATES FROM TAX GURU Empanelment with Allahabad Bank for practicing CAs as Concurrent/ Revenue Auditor BIODATA FORMAT-2009 Allahabad Bank invites applications in the under noted prescribed format from practising firms of Chartered Accountants of India who are willing to have their firm empanelled as Concurrent/ Revenue Auditor in the Bank. The... Brokers claimed depreciation on BSE card value; Department moved High court Stock broking firms on Monday argued before the Bombay High Court that they are entitled to claim depreciation costs on the value of their Bombay Stock Exchange (BSE) membership cards while calculating their tax liabilities. The Income Tax... Five easy to follow Security tips for Indian tax payers filing their return online It's that time of the year again when you need to file your end of year income tax return, but is the plethora of paperwork bogging you down? The Indian government has just made things easier by launching the facility of filing your income tax... AP High Court dismiss plea challenging induction of strategic investor into Satyam The Andhra Pradesh High Court on Tuesday dismissed a petition filed by a shareholder challenging the Company Law Board's (CLB) order to induct a strategic investor into Satyam Computer Services Ltd. The designated judge to hear cases arising out of... Budget clarified on taxability of Property gift received from non Relatives and Capital gain on sell of that property subsequently The Centre has changed the definition of 'income' under the Income-Tax law to ward off litigation on a Budget proposal on taxation of property passed on as gifts. The gifting route was hitherto used to escape the tax net, but this Budget sought to... With Regards,  CA Sandeep Kanoi  Website: http://www.taxguru.in/  Get LEGAL & FINANCIAL UPDATES FROM TAX GURU delivered by emai

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