UPDATES FROM TAX GURU 31.10.2009

UPDATES FROM TAX GURU RBI circular on Inoperative savings and current account Relaxation of the due date for the uploading of e-returns for the period ending September 2009 Reserve Bank of India will soon issue guidelines on provisioning rules Goods and Services Tax may not be applicable from April 1, 2010 RBI circular on Inoperative savings and current account There may be instances where the customer has given a mandate for crediting the interest on Fixed Deposit account to the Savings Bank account and there are no other operations in the Savings Bank account. Some doubts have arisen whether such an... Relaxation of the due date for the uploading of e-returns for the period ending September 2009 After the introduction of the e returns, the dealers were required to make the payment of tax within the prescribed date, but were permitted to upload the e returns within 10 days from the due date prescribed in the said Rule 17 (Please refer Trade... Reserve Bank of India will soon issue guidelines on provisioning rules The Reserve Bank of India will soon issue guidelines on meeting provisioning rules and some banks have sought time to meet them, its deputy governor Shyamala Gopinath said on Friday. "Banks have made certain submissions to us in the policy, in terms... Goods and Services Tax may not be applicable from April 1, 2010 The Finance Minister, Mr Pranab Mukherjee, on Friday hinted at some slippage to the scheduled Goods and Services Tax (GST) system rollout by April 1, 2010. Introduction of the GST, billed as a flagship tax reform measure of the UPA Government, is... With Regards,  CA Sandeep Kanoi  Website: http://www.taxguru.in/  Get LEGAL & FINANCIAL UPDATES FROM TAX GURU delivered by emai

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