UPDATES FROM TAX GURU 15.11.2009

UPDATES FROM TAX GURU (in this message: 3 new items) Service tax exemption to manufacturers of parts of cycles or sewing machines Section 132 of the Income-tax Act, 1961 – Search & seizure – Empowerment of authorities Clarification regarding Foreign Exchange earnings to be counted for redemption of EPCG Authorizations issued to Service Provider Service tax exemption to manufacturers of parts of cycles or sewing machines Posted: 13 Nov 2009 09:37 PM PST exempts the taxable service specified in sub-clause (zzb) of clause (105) of section 65 of the Finance Act, provided by a person (hereinafter called the 'service provider'), to any other person (hereinafter called the 'service receiver'), in... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] Section 132 of the Income-tax Act, 1961 – Search & seizure – Empowerment of authorities Posted: 13 Nov 2009 09:33 PM PST In exercise of the powers conferred by the fourth proviso to sub-section (1) of section 132 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby empowers all the Additional Directors of Income-tax and Joint Directors of... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] Clarification regarding Foreign Exchange earnings to be counted for redemption of EPCG Authorizations issued to Service Provider Posted: 13 Nov 2009 09:30 PM PST A representation has been received from Zonal Joint Director General of Foreign Trade, Mumbai Office seeking clarification regarding calculation of Foreign Exchange earned for redemption of EPCG Authorizations issued to Service Providers in terms of... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] With Regards,  CA Sandeep Kanoi  Website: http://www.taxguru.in/  Get LEGAL & FINANCIAL UPDATES FROM TAX GURU delivered by emai

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