TaxGuru.in : Legal & Tax Updates 17.02.2011

TaxGuru.in : Legal & Tax Updates Centralized Processing Center CPC Bangalore Has Begun Processing Of Returns For AY 2010-11 Posted: 17 Feb 2011 01:21 AM PST As on 11 2 2011 it has processed over 34 1 lakh e-filed returns of AY 2010-11 in all categories of ITRs including Corporate Returns and generated refunds in over 8 6 lakh cases nbsp The Income Tax Department has now extended th [[ This is a content summary only. Visit www.taxguru.in for full article ]] Life Policies- Insurers Seek Separate Exemption Limit Posted: 17 Feb 2011 01:19 AM PST The insurance industry wants the government to create a separate tax exemption limit of Rs 50 000 for life insurance premium in the forthcoming Budget to encourage more individuals to buy such policies It is suggested that a standalo [[ This is a content summary only. Visit www.taxguru.in for full article ]] EPFO Says No To Investment In Equity In Absence Of Guarantee Posted: 17 Feb 2011 01:18 AM PST The retirment fund manager EPFO trustees today decided not to invest a portion of Rs 5 00 000 crore funds in the stock market in view of Finance Ministry s refusal to provide any guarantee on returns and safety of such investments [[ This is a content summary only. Visit www.taxguru.in for full article ]] Don T Fall Prey To Bogus Prize Money Offers- RBI Warns Public Posted: 17 Feb 2011 01:17 AM PST The Reserve Bank today warned the public to not fall prey to fictitious offers of large prize money through e-mails letters and other electronic modes of communications on payment of service charges nbsp Such offers of large [[ This is a content summary only. Visit www.taxguru.in for full article ]] India Needs Corporate Debt Market To Develop Infra- PM Posted: 17 Feb 2011 01:15 AM PST Prime Minister Manmohan Singh on Wednesday said India needs to develop a corporate debt market to meet the projected investment of 1 trillion required to sustain the country s economic growth rate in the 12th Five-Year Plan 2012- [[ This is a content summary only. Visit www.taxguru.in for full article ]] 2G Scam- CBI Questions Anil Ambani On Dual Tech Role In Swan Telecom Posted: 17 Feb 2011 01:13 AM PST The CBI today questioned ADAG chairman Anil Ambani amid allegations that his group received favours from former Telecom Minister A Raja in getting dual technology and a role for Reliance Telecom in promoting Swan Telecom Ambani 51 [[ This is a content summary only. Visit www.taxguru.in for full article ]] Budget To Give Clearer Picture On Economic Reforms-Dr Singh Posted: 17 Feb 2011 01:11 AM PST Under attack for high food prices and slow reforms Prime Minister Manmohan Singh today said the UPA has not given up its economic agenda and promised clear measures in the upcoming Budget nbsp Exuding confidence that inflation ra [[ This is a content summary only. Visit www.taxguru.in for full article ]] Finance Minister To Leave For Paris Tomorrow To Attend G-20 Finance Ministers And Central Bank Governors Meet Posted: 17 Feb 2011 01:09 AM PST Global Economy and Framework for Strong Sustainable and Balanced Growth to Dominate the Agenda nbsp Union Finance Minister Shri Pranab Mukherjee will leave for Paris tomorrow evening on a three days visit to attend G-20 Finance [[ This is a content summary only. Visit www.taxguru.in for full article ]] More Reforms In The Budget Assures PM Posted: 17 Feb 2011 01:05 AM PST Prime Minister Manmohan Singh said on Wednesday that the government has not given up on reforms nbsp nbsp More reforms will be unveiled in the 2011-12 Budget said the Prime Minister nbsp He however blamed the Opposition for del [[ This is a content summary only. Visit www.taxguru.in for full article ]] Software Vendorwise Percentage Of Correction TDS TCS Statements Accepted And Rejected At TIN Central System Posted: 17 Feb 2011 01:04 AM PST Software vendorwise percentage of correction TDS TCS statements accepted and rejected at TIN central system for the period October 1 2009 to December 31 2010 nbsp Sr No Name of software vendor sof [[ This is a content summary only. Visit www.taxguru.in for full article ]] FAQ S On Granting Of Research Visas Posted: 17 Feb 2011 01:01 AM PST Under the current Visa regime a Research Visa RV is given to Research Professors or Scholars and to Foreign Nationals FN attending research Conferences Seminars Workshops The Ministry of Home Affairs MHA has recently come ou [[ This is a content summary only. Visit www.taxguru.in for full article ]] Constitutional Amendment Bill On Goods And Service Tax GST To Be Introduced In Forthcoming Budget Session Posted: 17 Feb 2011 12:58 AM PST Constitutional Amendment Bill on Goods and Service Tax GST to be introduced in forthcoming Budget Session nbsp Background- The Empowered Committee of State Finance Ministers EC met on 11 February 2011 to discuss the third dra [[ This is a content summary only. Visit www.taxguru.in for full article ]] RENTING Service Tax- Larger Bench To Hear Matter On 22nd February 2011 In Delhi High Court Posted: 16 Feb 2011 11:54 PM PST Final Hearing that was to take place 15th February culminated in a deferment till next Monday with a decision to constitute a larger bench to hear the case nbsp Division Bench in Court No 1 consisting of Chief Justice Dipak Mis [[ This is a content summary only. Visit www.taxguru.in for full article ]] MANMOHAK PRESS CONFERENCE Posted: 16 Feb 2011 01:50 PM PST CA Lalit Munoyat Ravaged by many scandals and widely criticised the Prime Minister PM Manmohan Singh MMS eventually decided to break silence to reveal all He has taken a heavy beating on his image as being the founders of In [[ This is a content summary only. Visit www.taxguru.in for full article ]]