RECENT INCOME TAX CASE LAWS IN INDIA
We are Posting here on Regular Basis Recent Judgements on Direct Tax delivered by Supreme Court, High Court and Tribunals.
Posted by
kanoisandeep |
Thursday, February 18, 2010
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| Difference Among C.V, Resume & Biodata Posted: 18 Feb 2010 07:36 PM PST People use the words RESUME, C.V., and BIO-DATA interchangeably for the document highlighting skills, education, and experience that a candidate submits when applying for a job. On the surface level, all the three mean the same. However, there are... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
 | | Daughters can be Karta of Huf: Daughters in HUF have the same rights and liabilities as sons Posted: 18 Feb 2010 07:18 PM PST A Hindu Undivided Family (HUF) is known as a Joint Hindu Family under the Hindu Law. It comprises all persons lineally descended from a common ancestor and living under a common roof and joint in estate, food and worship. Yet, an HUF can exist... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
 | | Insurance receipts and other savings plans post Direct Tax Code (EEE model to EET) and FAQ Posted: 18 Feb 2010 07:05 PM PST It is a fact that tax incentives offered under the Income Tax Act, 1961 (the IT Act) have been instrumental in encouraging individuals to invest and save for their long-term retirement needs. One of the key incentives in this respect has been that... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
 | | Appointment of statutory auditor for Public sector bank for 2009-10 Posted: 18 Feb 2010 06:38 PM PST Allocation of Banks and finalisation of Statutory Branch Auditors are in process. It is expected that the same shall be completed by the end of first week of March.As you know there are 26 public sector banks and like previous year Fifteen banks... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
 | | Tax benefit under section 54EC on long term capital gain Posted: 18 Feb 2010 06:23 PM PST The benefit under section 54EC can be availed of only if there is an income from a capital asset, being long-term in nature. Long-term capital gains are the profit that a person makes when he sells any capital asset (for example, any immovable... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
 | | Mission Mode Project for Computerization of Commercial Taxes Administrations of States/Union Territories (UTs) Posted: 18 Feb 2010 06:18 PM PST The Union Cabinet today approved a Mission Mode Project for computerization of Commercial Taxes administrations of State Governments. This project, with an overall cost of Rs.1133 crore will help States develop and upgrade the IT systems in their... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
 | | Review of bilateral clearing arrangements between banks – State and Central Co-operative Banks Posted: 18 Feb 2010 06:12 PM PST Currently operational at most locations across the length and breadth of the country, Clearing Houses facilitate multilateral net clearing and settlement of over four million cheques everyday on a T + 1 basis. In fact, the processing cycle in India... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
 | | Koda scam:Income Tax department department recovered Investment papers worth Rs. 50 crore from Soren's secretary Posted: 18 Feb 2010 06:07 PM PST The income tax department today said it has found documents of investments to the tune of Rs50 crore during raids at the house of private secretary of Jharkhand chief minister Shibu Soren. The IT department during ongoing searches at the house of... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
 | | RBI expect inflation to start moderating from July 2010 Posted: 18 Feb 2010 05:49 PM PST RBI Governor D. Subbarao said that inflation will start moderating from July. Subbarao was addressing RBI's central board meeting in Patna. RBI board met here to discuss various economic issues. The RBI governor said that he was sticking to 8.5%... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
 | | Common myths and misconceptions about personal tax under the Income tax Act, 1961 Posted: 18 Feb 2010 05:39 PM PST Gifts received: Gifts received from specified relatives are exempt from income tax, and there is no upper limit also. Similarly, gifts of any amount and from anyone received during your marriage are totally tax-free. Similar is the case with the... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
 | | GST in India Posted: 18 Feb 2010 05:01 PM PST So far, VAT at the state or Cenvat at the central level, along with services tax, have been major steps in tax reforms. Before the present tax regime, there was the sales tax regime, where there was a cascading effect on tax. VAT has removed this... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]] 
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With Regards,
CA Sandeep Kanoi
Website: http://www.taxguru.in/
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