Archive for July, 2009

Applications for admission to Professional Competence Examination (PCE), Integrated Professional Competence Examination (IPCE) and Final Examination are required to be made in the prescribed forms. The application forms are priced at Rs. 100/- per application form and will be available for sale from 17th August, 2009. The candidates requiring forms by post may please send their [...] Full Article

Applications for admission to Common Proficiency Test (Paper-Pencil Mode) is required to be made on the relevant prescribed form as contained in the Information Brochure, which may be obtained from the Additional Secretary (Examinations), Full Article

The tender bids must reach the Managing Director, National Informatics Centre Services Incorporated, 6th Floor, Hall No.2 & 3, 15, NBCC Tower, Bhikaji Cama Place, New Delhi-66, complete in all respect, latest by 1500 Hours. on 16.07.2009, otherwise it will be rejected. The Basic Bids will be opened on 1530 hours on Same Day at [...] Full Article

Foreign telecom firms operating without a permanent establishment in India are no more required to pay any tax on income from carrying international calls and data services in pacts with domesticoperators. Giving a ruling on an application from Cable & Wireless Networks India which proposed to enter a pact with the UK arm of the same parent company, the [...] Full Article

Medical and Educational Institutions : Extension of time limit for filing applications for tax exemption under section 10(23C) : Now such institutions having receipts of more than rupees one crore can file an application for seeking exemption till 30th September following the end of the financial year for which the exemption is sought. Tax relief [...] Full Article

Further restrictions on benefits in respect of Housing Projects : In the run up to the budget virtually every stake holder in the real estates wanted that benefits of section 80IB(10) of the Income Tax Act, 1961 be restored which have ceased to be operative except for the projects approved on or before 31 03 [...] Full Article

Mahesh Chandra Gupta vs. UOI (Supreme Court)Shri. Satish Chandra, former ITAT Member, was appointed judge of the Allahabad High Court on 6.8.2008. The appointment was challenged on the ground that he had not practiced for even a day as an advocate and that he was not eligible for appointment under Article 217(2) and Article 217(1) [...] Full Article

PAN is the basic ‘penetrating needle’ for the Income tax Department to rope in every income earning person. It is a fact that our taxbase continues to be a major concern for policy makers. And in order to widen the taxpayers’ base the I-T Department intends to ride the vehicle of PAN in a big [...] Full Article