TaxGuru.in : Legal & Tax Updates 29.07.2010

TaxGuru.in : Legal & Tax Updates  I-T dept opens Separate counters for senior citizens and women taxpayers, Return will be accepted on 31st July Posted: 28 Jul 2010 08:18 PM PDT Office of the Chief Commissioner of Income Tax (CCI-T) has made special arrangements for acceptance of returns from assessees to handle the rush it is likely to witness during the current week. The last day for filing of returns for the assessment... [[ This is a content summary only. Visit www.taxguru.in for full article ]] (File online ITR at just Rs. 119) SC decides to send notices on email to respondents to cut the delay Posted: 28 Jul 2010 08:17 PM PDT With the pendency of cases refusing to come down from the 50,000 level, the Supreme Court on Monday decided to experiment with email notices to respondents to cut the delay in the traditional method of serving notices. The traditional method --... [[ This is a content summary only. Visit www.taxguru.in for full article ]] (File online ITR at just Rs. 119) Misconception about e-filing of Income Tax Return Posted: 28 Jul 2010 08:16 PM PDT As the last date for filing income tax return for individuals, Hindu undivided families and other non-corporate assessees — July 31 — approaches, it is time to scurry around to arrange for the requisite documents and make several calls to their tax... [[ This is a content summary only. Visit www.taxguru.in for full article ]] (File online ITR at just Rs. 119) Andhra Pradesh High Court posts hearing on bail petition moved by Satyam Computers promoter B Ramalinga Raju to August 5 Posted: 28 Jul 2010 08:15 PM PDT The Andhra Pradesh High Court on Wednesday posted the hearing on a bail petition moved by B Ramalinga Raju, prime accused in the multi-crore Satyam Computers accounting scam, to August 5. The company's former chairman moved the petition exactly one... [[ This is a content summary only. Visit www.taxguru.in for full article ]] (File online ITR at just Rs. 119) Supplementary Study Paper-2010 on Direct Tax Laws and Indirect Tax Laws for Students of CA Final Course [Relevant for May 2011 and November 2011 examinations] Posted: 28 Jul 2010 08:10 PM PDT The Supplementary Study Paper is an annual publication, containing a discussion of the amendments made by the Annual Finance Act and Notifications/Circulars in income-tax, wealth-tax, central excise, customs and service tax laws. This publication is... [[ This is a content summary only. Visit www.taxguru.in for full article ]] (File online ITR at just Rs. 119) List of publications relevant for CA students appearing in November 2010 Examinations Posted: 28 Jul 2010 07:52 PM PDT The list of publications relevant for November 2010 examinations has been hosted on the website of the Institute. You may go through the same to be aware of the publications which are relevant from the examination point of view. [[ This is a content summary only. Visit www.taxguru.in for full article ]] (File online ITR at just Rs. 119) Loan facilities to the physically/visually challenged by NBFCs Posted: 28 Jul 2010 07:38 PM PDT NBFCs are therefore advised that there shall be no discrimination in extending products and facilities including loan facilities to the physically / visually challenged applicants on grounds of disability. NBFCs may also advise their branches to... [[ This is a content summary only. Visit www.taxguru.in for full article ]] (File online ITR at just Rs. 119) SEBI extends deadline for ASBA facility in NFOs to October 1 2010 Posted: 28 Jul 2010 06:49 PM PDT Market regulator SEBI today extended the deadline for mutual funds to implement the ASBA facility for new fund offers to October 1. Under ASBA--Application Supported by Blocked Amount-- deposits of applicants remain in their accounts till the... [[ This is a content summary only. Visit www.taxguru.in for full article ]] (File online ITR at just Rs. 119) First Quarter Review of Monetary Policy 2010-11: Press Statement by Dr. D. Subbarao, Governor Posted: 28 Jul 2010 06:45 PM PDT "This morning, the Reserve Bank released the First Quarter Review of Monetary Policy for 2010-11 at a meeting of the chief executives of major banks. The important decisions contained in the review were to raise the repo rate from 5.5 per cent to... [[ This is a content summary only. Visit www.taxguru.in for full article ]] (File online ITR at just Rs. 119) Custom Duty Notification No. 78 /2010 dated 27th July, 2010 Posted: 28 Jul 2010 01:07 PM PDT In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government being satisfied that it is necessary in the public interest so to do, hereby exempts the goods described in the... [[ This is a content summary only. Visit www.taxguru.in for full article ]] (File online ITR at just Rs. 119) Customs – Notification No. 77/2010 – Regarding provisional anti-dumping duty on Poly Vinyl Chloride Paste Resin thereof, originating in, or exported from, People's Republic of China, Japan, Republic of Korea, Malaysia, Russia, Taiwan and Thailand Posted: 27 Jul 2010 12:55 PM PDT Whereas in the matter of imports of Poly Vinyl Chloride Paste Resin (hereinafter referred to as the subject goods), falling under sub heading 3904 22 10 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred as the... [[ This is a content summary only. Visit www.taxguru.in for full article ]] (File online ITR at just Rs. 119) With Regards,  CA Sandeep Kanoi  Website: http://www.taxguru.in/  Get LEGAL & FINANCIAL UPDATES FROM TAX GURU delivered by emai