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	<title>TaxGuru</title>
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	<link>http://taxguru.in</link>
	<description>Complete Tax Solution</description>
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		<title>Point of Taxation Rules &#8211; Applicability of New or Old rate of Service Tax</title>
		<link>http://taxguru.in/service-tax/point-taxation-rules-applicability-rate-service-tax.html</link>
		<comments>http://taxguru.in/service-tax/point-taxation-rules-applicability-rate-service-tax.html#comments</comments>
		<pubDate>Thu, 17 May 2012 03:30:01 +0000</pubDate>
		<dc:creator>CA Sandeep Kanoi</dc:creator>
				<category><![CDATA[Service Tax]]></category>
		<category><![CDATA[CA Bimal Jain]]></category>
		<category><![CDATA[point of taxation rules]]></category>
		<category><![CDATA[Point of Taxation Rules 2011]]></category>

		<guid isPermaLink="false">http://taxguru.in/?p=50152</guid>
		<description><![CDATA[CENTRAL Board of Excise and Customs (CBEC) has issued clarification vides Circular No. 158/9/ 2012–ST dated. 8th May, 2012 on the rate of service tax applicable wherein invoices were raised before 1st April 2012 and the payments shall be after 1st April 2012 in case of the 8 specified services provided by individuals or proprietary firms or partnership firms, to which Rule 7 of Point of Taxation Rules 2011 was applicable and services on which tax is paid under reverse charge under section 68(2) of the Finance Act. ]]></description>
		<wfw:commentRss>http://taxguru.in/service-tax/point-taxation-rules-applicability-rate-service-tax.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Some More Tax Sops As Budget Passed</title>
		<link>http://taxguru.in/income-tax/tax-sops-budget-passed.html</link>
		<comments>http://taxguru.in/income-tax/tax-sops-budget-passed.html#comments</comments>
		<pubDate>Thu, 17 May 2012 03:29:48 +0000</pubDate>
		<dc:creator>CA Sandeep Kanoi</dc:creator>
				<category><![CDATA[Income Tax]]></category>
		<category><![CDATA[Budget]]></category>
		<category><![CDATA[Dr Sanjiv Agarwal]]></category>

		<guid isPermaLink="false">http://taxguru.in/?p=50153</guid>
		<description><![CDATA[The Union Budget 2012-13 and the Finance Bill, 2012 has been passed by the Lok Sabha and is likely to be passed by Rajya Sabha this week and then become a statute on President’s assent. ]]></description>
		<wfw:commentRss>http://taxguru.in/income-tax/tax-sops-budget-passed.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>TDS on exempt incomes (especially agricultural income)</title>
		<link>http://taxguru.in/income-tax/tds-on-exempt-incomes-especially-agricultural-income.html</link>
		<comments>http://taxguru.in/income-tax/tds-on-exempt-incomes-especially-agricultural-income.html#comments</comments>
		<pubDate>Thu, 17 May 2012 03:25:43 +0000</pubDate>
		<dc:creator>CA Sandeep Kanoi</dc:creator>
				<category><![CDATA[Income Tax]]></category>
		<category><![CDATA[income tax act]]></category>
		<category><![CDATA[income tax act 1961]]></category>
		<category><![CDATA[incomes]]></category>
		<category><![CDATA[TDS]]></category>

		<guid isPermaLink="false">http://www.taxguru.in/?p=16300</guid>
		<description><![CDATA[It is obvious that the TDS provisions are going to be expanded day by day even in the direct Tax Code era. In the process to recover more and more tax through this mode of recovery, in many cases tax is also deducted from incomes which are expressly exempt. Many cases are wandering the corridors of various courts of law on this ground. This is also reflected in the decided cases. It seems that the issue gets complicated with the increase of TDS coverage. It will be interesting to go through the law and the judge-made law on the issue.]]></description>
		<wfw:commentRss>http://taxguru.in/income-tax/tds-on-exempt-incomes-especially-agricultural-income.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Guidance Paper on Draft Place of Provision of Services Rules, 2012</title>
		<link>http://taxguru.in/service-tax/guidance-paper-draft-place-provision-services-rules-2012.html</link>
		<comments>http://taxguru.in/service-tax/guidance-paper-draft-place-provision-services-rules-2012.html#comments</comments>
		<pubDate>Thu, 17 May 2012 03:25:35 +0000</pubDate>
		<dc:creator>CA Sandeep Kanoi</dc:creator>
				<category><![CDATA[Service Tax]]></category>
		<category><![CDATA[Budget]]></category>
		<category><![CDATA[service tax articles]]></category>

		<guid isPermaLink="false">http://taxguru.in/?p=50165</guid>
		<description><![CDATA[The Finance Minister has introduced the Finance Bill, 2012 proposing, inter alia, taxation of services based on a negative list. This announcement involves a paradigm shift by moving away from taxation of specified description of services to a new system of taxation of all services except those specified in the negative list or otherwise exempted. An important key for its implementation is to identify the taxing jurisdiction for a service.]]></description>
		<wfw:commentRss>http://taxguru.in/service-tax/guidance-paper-draft-place-provision-services-rules-2012.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Adhoc disallowance should not be made for expenses which can not be inflated</title>
		<link>http://taxguru.in/income-tax-case-laws/adhoc-disallowance-expenses-inflated.html</link>
		<comments>http://taxguru.in/income-tax-case-laws/adhoc-disallowance-expenses-inflated.html#comments</comments>
		<pubDate>Thu, 17 May 2012 03:21:27 +0000</pubDate>
		<dc:creator>CA Sandeep Kanoi</dc:creator>
				<category><![CDATA[Income Tax Case Laws]]></category>
		<category><![CDATA[ITAT judgments]]></category>

		<guid isPermaLink="false">http://taxguru.in/?p=50144</guid>
		<description><![CDATA[As  far as difference in foreign exchange is concerned, it is to be computed based on straight formula. Similarly, depreciation could also be verified from details available on the record. Considering all these aspects, we set aside this issue to the file of the Assessing Officer for readjudication. ]]></description>
		<wfw:commentRss>http://taxguru.in/income-tax-case-laws/adhoc-disallowance-expenses-inflated.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Few tips to Prevent Income Tax Raids</title>
		<link>http://taxguru.in/income-tax/few-tips-to-prevent-income-tax-raids.html</link>
		<comments>http://taxguru.in/income-tax/few-tips-to-prevent-income-tax-raids.html#comments</comments>
		<pubDate>Thu, 17 May 2012 03:20:59 +0000</pubDate>
		<dc:creator>CA Sandeep Kanoi</dc:creator>
				<category><![CDATA[Income Tax]]></category>
		<category><![CDATA[black money]]></category>
		<category><![CDATA[Income tax department]]></category>
		<category><![CDATA[Income Tax Return]]></category>
		<category><![CDATA[Tax Exemption]]></category>
		<category><![CDATA[tax net]]></category>
		<category><![CDATA[taxable income]]></category>

		<guid isPermaLink="false">http://www.taxguru.in/?p=16141</guid>
		<description><![CDATA[One should not keep any unaccounted or undisclosed money, property or income popularly known as black money. If such a disclosure is made before its detection by the Income Tax Department, the chances of being trapped in a tax raid are minimized. A tax raid may also be conducted against a person in possession of undisclosed income or property not belonging to him but to someone else. It is therefore important for a person who is in possession or in custody of someone else’s jewellery or other valuables, etc. to ensure that they are duly accounted for.]]></description>
		<wfw:commentRss>http://taxguru.in/income-tax/few-tips-to-prevent-income-tax-raids.html/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Double Tax Avoidance Agreements &amp; Taxation</title>
		<link>http://taxguru.in/income-tax/double-tax-avoidance-agreements-taxation.html</link>
		<comments>http://taxguru.in/income-tax/double-tax-avoidance-agreements-taxation.html#comments</comments>
		<pubDate>Thu, 17 May 2012 03:20:31 +0000</pubDate>
		<dc:creator>CA Sandeep Kanoi</dc:creator>
				<category><![CDATA[Income Tax]]></category>
		<category><![CDATA[income tax act]]></category>
		<category><![CDATA[Rajkumar S Adukia]]></category>
		<category><![CDATA[tax avoidance]]></category>
		<category><![CDATA[tax payer]]></category>
		<category><![CDATA[Tax Treaty]]></category>

		<guid isPermaLink="false">http://www.taxguru.in/?p=13984</guid>
		<description><![CDATA[The Double Tax Avoidance Agreement (DTAA) is essentially a bilateral agreement entered into between two countries. The basic objective is to promote and foster economic trade and investment between two Countries by avoiding double taxation.]]></description>
		<wfw:commentRss>http://taxguru.in/income-tax/double-tax-avoidance-agreements-taxation.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Deductions allowable against Income from House Property</title>
		<link>http://taxguru.in/income-tax-case-laws/deductions-allowable-income-house-property.html</link>
		<comments>http://taxguru.in/income-tax-case-laws/deductions-allowable-income-house-property.html#comments</comments>
		<pubDate>Thu, 17 May 2012 03:19:26 +0000</pubDate>
		<dc:creator>CA Sandeep Kanoi</dc:creator>
				<category><![CDATA[Income Tax Case Laws]]></category>
		<category><![CDATA[ITAT judgments]]></category>

		<guid isPermaLink="false">http://taxguru.in/?p=50135</guid>
		<description><![CDATA[Sec. 24 has been amended w.e.f. 01-04-2002. Before the amendment, various categories of expenditure like collection charges, insurance premium, ground rent, land revenue, etc., were allowable, but after the amendment, only two types of deductions are possible, namely, 30% of the total annual value and amount of interest paid for acquisition of property. No other deduction is possible and accordingly we hold that the amount of expenditure incurred on account of brokerage, professional consultancy, maintenance, etc., relating to the property is not allowable under the head ‘income from house property’.]]></description>
		<wfw:commentRss>http://taxguru.in/income-tax-case-laws/deductions-allowable-income-house-property.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Procedure for Online Registration of TAN</title>
		<link>http://taxguru.in/income-tax/procedure-for-online-registration-of-tans.html</link>
		<comments>http://taxguru.in/income-tax/procedure-for-online-registration-of-tans.html#comments</comments>
		<pubDate>Thu, 17 May 2012 03:18:57 +0000</pubDate>
		<dc:creator>CA Sandeep Kanoi</dc:creator>
				<category><![CDATA[Income Tax]]></category>
		<category><![CDATA[Income tax department]]></category>
		<category><![CDATA[pension scheme]]></category>
		<category><![CDATA[tin nsdl]]></category>

		<guid isPermaLink="false">http://www.taxguru.in/?p=15150</guid>
		<description><![CDATA[The income tax department has asked all deductors to register their TAN on NSDL web site. Once registered, the deductors will be provided  User ID and password for authenticated access. Benefit of registration- The access will result in the following benefits to the deductors.  View of status of all statements filed;]]></description>
		<wfw:commentRss>http://taxguru.in/income-tax/procedure-for-online-registration-of-tans.html/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Service Tax Exemptions Under New Negative List Regime</title>
		<link>http://taxguru.in/service-tax/service-tax-exemptions-negative-list-regime.html</link>
		<comments>http://taxguru.in/service-tax/service-tax-exemptions-negative-list-regime.html#comments</comments>
		<pubDate>Thu, 17 May 2012 03:15:52 +0000</pubDate>
		<dc:creator>CA Sandeep Kanoi</dc:creator>
				<category><![CDATA[Service Tax]]></category>
		<category><![CDATA[service tax articles]]></category>

		<guid isPermaLink="false">http://taxguru.in/?p=50164</guid>
		<description><![CDATA[Under the present system there are 88 exemption notifications. The need for exemptions is not obliterated with the introduction of negative list. While some existing exemptions have been built into the negative list, others, wherever necessary, have been retained as exemptions. In addition new exemptions are proposed to be introduced in the context of the negative list. For ease of reference and simplicity most of the exemptions are part of one single mega exemption notification (list of such proposed exemptions can be placed as Exhibit A2). In addition there are 9 more exemption notifications (list of such proposed exemptions is placed as Exhibit A3). The total number of exemption notifications, therefore, proposed to be issued in the new system would be only 10.]]></description>
		<wfw:commentRss>http://taxguru.in/service-tax/service-tax-exemptions-negative-list-regime.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Declared Services under Service Tax &amp; Tax Provisions</title>
		<link>http://taxguru.in/service-tax/declared-services-service-tax-tax-provisions.html</link>
		<comments>http://taxguru.in/service-tax/declared-services-service-tax-tax-provisions.html#comments</comments>
		<pubDate>Thu, 17 May 2012 03:02:21 +0000</pubDate>
		<dc:creator>CA Sandeep Kanoi</dc:creator>
				<category><![CDATA[Service Tax]]></category>
		<category><![CDATA[Budget]]></category>
		<category><![CDATA[service tax articles]]></category>

		<guid isPermaLink="false">http://taxguru.in/?p=50163</guid>
		<description><![CDATA[In the definition of ‘service’ contained in clause (44) of section 65B of the Act it has been stated that service includes a declared service. The phrase ‘declared service’ is also defined in the said section as an activity carried out by a person for another for consideration and specified in section 66E of the Act. The following nine activities have been specified in section 66E:]]></description>
		<wfw:commentRss>http://taxguru.in/service-tax/declared-services-service-tax-tax-provisions.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>PAN Meaning, Significance, who can apply &amp; Procedure</title>
		<link>http://taxguru.in/income-tax/pan-meaning-significance-who-can-apply-and-procedure-to-apply-for-the-same.html</link>
		<comments>http://taxguru.in/income-tax/pan-meaning-significance-who-can-apply-and-procedure-to-apply-for-the-same.html#comments</comments>
		<pubDate>Thu, 17 May 2012 02:51:24 +0000</pubDate>
		<dc:creator>CA Sandeep Kanoi</dc:creator>
				<category><![CDATA[Income Tax]]></category>
		<category><![CDATA[HUF]]></category>
		<category><![CDATA[Income tax department]]></category>
		<category><![CDATA[PAN]]></category>

		<guid isPermaLink="false">http://www.taxguru.in/?p=14679</guid>
		<description><![CDATA[Permanent Account Number (PAN) is a ten-digit alphanumeric identifier, issued by Income Tax Department. Each assessee (e.g. individual, firm, company etc.) is issued a unique PAN.]]></description>
		<wfw:commentRss>http://taxguru.in/income-tax/pan-meaning-significance-who-can-apply-and-procedure-to-apply-for-the-same.html/feed/</wfw:commentRss>
		<slash:comments>6</slash:comments>
		</item>
		<item>
		<title>MVAT &#8211; Input Credit &#8211; No set off without any tax being received into the Government Treasury</title>
		<link>http://taxguru.in/goods-and-service-tax/mvat-input-credit-set-tax-received-government-treasury.html</link>
		<comments>http://taxguru.in/goods-and-service-tax/mvat-input-credit-set-tax-received-government-treasury.html#comments</comments>
		<pubDate>Thu, 17 May 2012 01:44:18 +0000</pubDate>
		<dc:creator>CA Sandeep Kanoi</dc:creator>
				<category><![CDATA[GST]]></category>
		<category><![CDATA[high court judgments]]></category>
		<category><![CDATA[MVAT]]></category>

		<guid isPermaLink="false">http://taxguru.in/?p=50156</guid>
		<description><![CDATA[The Sales Tax Department will identify the Defaulters namely, registered selling dealers who have not paid the full amount of tax due in the Government Treasury either by not filling their returns at all or by filing returns but not paying the full tax due  or where returns are filed but sales to the concerned dealers are not shown (i.e. undisclosed sales).]]></description>
		<wfw:commentRss>http://taxguru.in/goods-and-service-tax/mvat-input-credit-set-tax-received-government-treasury.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Offence u/s.138 of Negotiable Instruments Act can be compounded at the discretion of Complainant</title>
		<link>http://taxguru.in/income-tax-case-laws/offence-us138-negotiable-instruments-act-compounded-discretion-complainant.html</link>
		<comments>http://taxguru.in/income-tax-case-laws/offence-us138-negotiable-instruments-act-compounded-discretion-complainant.html#comments</comments>
		<pubDate>Wed, 16 May 2012 19:50:37 +0000</pubDate>
		<dc:creator>CA Sandeep Kanoi</dc:creator>
				<category><![CDATA[Income Tax Case Laws]]></category>
		<category><![CDATA[high court judgments]]></category>

		<guid isPermaLink="false">http://taxguru.in/?p=50133</guid>
		<description><![CDATA[The word ‘compromise’ itself signifies an agreement between the two parties to compound the offence. If the parties do not agree to compound the offence, the Court has to proceed with the complaint. It is different thing that the Court on considering the offer of payment of cheque amount plus cost may not award a punishment of imprisonment and may only award penalty plus compensation. ]]></description>
		<wfw:commentRss>http://taxguru.in/income-tax-case-laws/offence-us138-negotiable-instruments-act-compounded-discretion-complainant.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>CIT (A) should consider additional evidence before passing the order</title>
		<link>http://taxguru.in/income-tax-case-laws/cit-additional-evidence-passing-order.html</link>
		<comments>http://taxguru.in/income-tax-case-laws/cit-additional-evidence-passing-order.html#comments</comments>
		<pubDate>Wed, 16 May 2012 19:40:55 +0000</pubDate>
		<dc:creator>CA Sandeep Kanoi</dc:creator>
				<category><![CDATA[Income Tax Case Laws]]></category>
		<category><![CDATA[ITAT judgments]]></category>

		<guid isPermaLink="false">http://taxguru.in/?p=50132</guid>
		<description><![CDATA[On appeal, the assessee filed the details, which are required by the AO, before the CIT(A), but the CIT(A) rejected the same. We find that under the similar circumstances in AY 2005-06 and 2006-07, the CIT(A) admitted the additional evidence and details filed by the assessee and remanded the matter to the AO with a direction to give opportunity of hearing to the assessee in the matter. ]]></description>
		<wfw:commentRss>http://taxguru.in/income-tax-case-laws/cit-additional-evidence-passing-order.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>If  Section 263 order not survive then assessment order in pursuance to such order cannot survive too</title>
		<link>http://taxguru.in/income-tax/section-263-order-survive-assessment-order-pursuance-order-survive.html</link>
		<comments>http://taxguru.in/income-tax/section-263-order-survive-assessment-order-pursuance-order-survive.html#comments</comments>
		<pubDate>Wed, 16 May 2012 18:10:37 +0000</pubDate>
		<dc:creator>CA Sandeep Kanoi</dc:creator>
				<category><![CDATA[Income Tax]]></category>
		<category><![CDATA[ITAT judgments]]></category>

		<guid isPermaLink="false">http://taxguru.in/?p=50130</guid>
		<description><![CDATA[Hon’ble Jurisdictional High Court modified the order of the ITAT and, instead of order under Section 263 having been quashed by the ITAT, set aside the matter back to the file of the CIT for passing the fresh order under Section 263. However, the fact remains that at present the order under Section 263 passed by the CIT dated 31.12.2009 does not survive because it has been set aside by the Hon’ble Jurisdictional High Court and the matter is restored back to the file of the CIT for passing a fresh order. ]]></description>
		<wfw:commentRss>http://taxguru.in/income-tax/section-263-order-survive-assessment-order-pursuance-order-survive.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Rent to be charged as ‘Income from other sources’ if not chargeable to income tax as profit and gains of business or profession</title>
		<link>http://taxguru.in/income-tax-case-laws/rent-charged-income-sources-chargeable-income-tax-profit-gains-business-profession.html</link>
		<comments>http://taxguru.in/income-tax-case-laws/rent-charged-income-sources-chargeable-income-tax-profit-gains-business-profession.html#comments</comments>
		<pubDate>Wed, 16 May 2012 18:10:22 +0000</pubDate>
		<dc:creator>CA Sandeep Kanoi</dc:creator>
				<category><![CDATA[Income Tax Case Laws]]></category>
		<category><![CDATA[ITAT judgments]]></category>

		<guid isPermaLink="false">http://taxguru.in/?p=50126</guid>
		<description><![CDATA[Major source of income credited by the assessee company in the profit and loss account is Other Income of Rs. 3,00,000/- and Rent of Rs. 1,49,000/-. The assessee had not carried out any business activity in the current year nor the assessee has produced any evidences in support of its argument that it has actively pursuing its business activity. The profit and loss account reveals that the assessee credited Rs. 4,49,000/- as above and claimed expenditure of Rs. 5,24,298/- being administrative exp and depreciation.]]></description>
		<wfw:commentRss>http://taxguru.in/income-tax-case-laws/rent-charged-income-sources-chargeable-income-tax-profit-gains-business-profession.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Depreciation allowed on capital expenditure on account of payment of customs duty</title>
		<link>http://taxguru.in/income-tax-case-laws/depreciation-allowed-capital-expenditure-account-payment-customs-duty.html</link>
		<comments>http://taxguru.in/income-tax-case-laws/depreciation-allowed-capital-expenditure-account-payment-customs-duty.html#comments</comments>
		<pubDate>Wed, 16 May 2012 18:00:31 +0000</pubDate>
		<dc:creator>CA Sandeep Kanoi</dc:creator>
				<category><![CDATA[Income Tax Case Laws]]></category>
		<category><![CDATA[ITAT judgments]]></category>

		<guid isPermaLink="false">http://taxguru.in/?p=50124</guid>
		<description><![CDATA[Directions issued by the Customs Department, the payment of customs duty has been made though the same has been shown as advance or a note has been appended in the accounts for contingent liability. Therefore, in our view the Assessee has made the payment of customs duty only when the liability has accrued on it. Since the customs duty has been paid to acquire the plant and machinery and therefore, it has to be capitalised, ]]></description>
		<wfw:commentRss>http://taxguru.in/income-tax-case-laws/depreciation-allowed-capital-expenditure-account-payment-customs-duty.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Section 205A &amp; 205C of Companies Act 1956 are not violative of Article 14 of Constitution</title>
		<link>http://taxguru.in/company-law/section-205a-205c-companies-act-1956-violative-article-14-constitution.html</link>
		<comments>http://taxguru.in/company-law/section-205a-205c-companies-act-1956-violative-article-14-constitution.html#comments</comments>
		<pubDate>Wed, 16 May 2012 17:50:35 +0000</pubDate>
		<dc:creator>CA Sandeep Kanoi</dc:creator>
				<category><![CDATA[Company Law]]></category>
		<category><![CDATA[high court judgments]]></category>

		<guid isPermaLink="false">http://taxguru.in/?p=50123</guid>
		<description><![CDATA[Reading of the judgment dated 07.7.2011 rendered in the earlier writ petition, it becomes clear that the petitioner had challenged the vires of Section 205A and 205C on the ground that these provisions were arbitrary and violative of Article 14 of the Constitution. It was also argued that these provisions could not be given retrospective effect. The petitioner had also submitted that huge corpus had accumulated in IEPF as unclaimed amount. All these contentions were taken note of and specifically rejected.]]></description>
		<wfw:commentRss>http://taxguru.in/company-law/section-205a-205c-companies-act-1956-violative-article-14-constitution.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Stay against Income Tax Demand if Assessee not produced his Present financial position?</title>
		<link>http://taxguru.in/income-tax-case-laws/stay-income-tax-demand-assessee-produced-present-financial-position.html</link>
		<comments>http://taxguru.in/income-tax-case-laws/stay-income-tax-demand-assessee-produced-present-financial-position.html#comments</comments>
		<pubDate>Wed, 16 May 2012 17:35:10 +0000</pubDate>
		<dc:creator>CA Sandeep Kanoi</dc:creator>
				<category><![CDATA[Income Tax Case Laws]]></category>
		<category><![CDATA[ITAT judgments]]></category>

		<guid isPermaLink="false">http://taxguru.in/?p=50136</guid>
		<description><![CDATA[These two stay applications are connected and issues are similar. These stay applications are preferred by assessees on the issue whether the long term capital gains and short term capital gains offered should be treated as business income or profession.]]></description>
		<wfw:commentRss>http://taxguru.in/income-tax-case-laws/stay-income-tax-demand-assessee-produced-present-financial-position.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Confession of co-accused u/s. 108 Customs Act not admissible if he is not jointly tried with Petitioner</title>
		<link>http://taxguru.in/custom-duty/confession-coaccused-108-customs-act-admissible-jointly-petitioner.html</link>
		<comments>http://taxguru.in/custom-duty/confession-coaccused-108-customs-act-admissible-jointly-petitioner.html#comments</comments>
		<pubDate>Wed, 16 May 2012 17:30:12 +0000</pubDate>
		<dc:creator>CA Sandeep Kanoi</dc:creator>
				<category><![CDATA[Custom Duty]]></category>
		<category><![CDATA[high court judgments]]></category>

		<guid isPermaLink="false">http://taxguru.in/?p=50121</guid>
		<description><![CDATA[A confession of the co-accused is admissible only under Section 30 of the Evidence Act. One of the essential requirements of the said provision is that the two accused should be tried jointly. Since the confession of the co-accused is not admissible as he is not being jointly tried with the Petitioner and besides this piece of evidence there is no other evidence, no charge can be framed against the Petitioner for offence under Section 135A of the Customs Act.]]></description>
		<wfw:commentRss>http://taxguru.in/custom-duty/confession-coaccused-108-customs-act-admissible-jointly-petitioner.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Appeal dismissed for Non-Prosecution can be recalled on pray for recall</title>
		<link>http://taxguru.in/income-tax-case-laws/appeal-dismissed-nonprosecution-recalled-pray-recall.html</link>
		<comments>http://taxguru.in/income-tax-case-laws/appeal-dismissed-nonprosecution-recalled-pray-recall.html#comments</comments>
		<pubDate>Wed, 16 May 2012 17:20:36 +0000</pubDate>
		<dc:creator>CA Sandeep Kanoi</dc:creator>
				<category><![CDATA[Income Tax Case Laws]]></category>
		<category><![CDATA[ITAT judgments]]></category>

		<guid isPermaLink="false">http://taxguru.in/?p=50131</guid>
		<description><![CDATA[There was no communication or information as to why the revenue chose to remain absent on that date. The Tribunal on the basis of inherent powers, treated the appeal filed by the revenue as un-admitted in view of the provisions of Rule 19 of the Appellate Tribunal Rules, 1963.   The assessee, if so desired, shall be free to move this Tribunal praying for recalling this order and explaining reasons for non-compliance etc. then this order may be recalled.]]></description>
		<wfw:commentRss>http://taxguru.in/income-tax-case-laws/appeal-dismissed-nonprosecution-recalled-pray-recall.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>In the absence of cooperation from Assessee CIT (A) can adjudicate appeal on merits</title>
		<link>http://taxguru.in/income-tax-case-laws/absence-cooperation-assessee-cit-adjudicate-appeal-merits.html</link>
		<comments>http://taxguru.in/income-tax-case-laws/absence-cooperation-assessee-cit-adjudicate-appeal-merits.html#comments</comments>
		<pubDate>Wed, 16 May 2012 17:00:32 +0000</pubDate>
		<dc:creator>CA Sandeep Kanoi</dc:creator>
				<category><![CDATA[Income Tax Case Laws]]></category>
		<category><![CDATA[ITAT judgments]]></category>

		<guid isPermaLink="false">http://taxguru.in/?p=50129</guid>
		<description><![CDATA[We have carefully considered the rival submissions in the light of the material placed before us. We have also gone through the order passed by the learned CIT (A). It is observed that learned CIT (A) has dismissed the appeal filed by the assessee in limine without considering the merits of the issues raised in the appeal filed by the assessee. ]]></description>
		<wfw:commentRss>http://taxguru.in/income-tax-case-laws/absence-cooperation-assessee-cit-adjudicate-appeal-merits.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Assessee entitled to depreciation @ 60% on the computer &amp; computer peripherals</title>
		<link>http://taxguru.in/income-tax-case-laws/assessee-entitled-depreciation-60-computer-computer-peripherals.html</link>
		<comments>http://taxguru.in/income-tax-case-laws/assessee-entitled-depreciation-60-computer-computer-peripherals.html#comments</comments>
		<pubDate>Wed, 16 May 2012 16:50:25 +0000</pubDate>
		<dc:creator>CA Sandeep Kanoi</dc:creator>
				<category><![CDATA[Income Tax Case Laws]]></category>
		<category><![CDATA[ITAT judgments]]></category>

		<guid isPermaLink="false">http://taxguru.in/?p=50128</guid>
		<description><![CDATA[The return of income in the present case was filed at a loss of Rs.19,03,733/-. The only addition made to that loss is regarding depreciation claimed on computers which is granted by the Assessing Officer @15% as against the claim of the assessee of 60% and excess depreciation claimed by the assessee has been computed at Rs.66,15,933/-. Learned CIT (A) has granted relief to the assessee by way of an ex parte order on the basis of decision of Hon’ble Delhi High Court in the case of CIT vs. BSES Rajdhani Power Ltd. vide order dated 31st August, 2010 in ITA No.1266/2010.]]></description>
		<wfw:commentRss>http://taxguru.in/income-tax-case-laws/assessee-entitled-depreciation-60-computer-computer-peripherals.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>NSE byelaws, rules and regulations would prevail over the Limitation Act, 1963</title>
		<link>http://taxguru.in/sebi/nse-byelaws-rules-regulations-prevail-limitation-act-1963.html</link>
		<comments>http://taxguru.in/sebi/nse-byelaws-rules-regulations-prevail-limitation-act-1963.html#comments</comments>
		<pubDate>Wed, 16 May 2012 16:40:59 +0000</pubDate>
		<dc:creator>CA Sandeep Kanoi</dc:creator>
				<category><![CDATA[SEBI]]></category>
		<category><![CDATA[high court judgments]]></category>

		<guid isPermaLink="false">http://taxguru.in/?p=50127</guid>
		<description><![CDATA[NSE byelaws, rules and regulations would have statutory force. These statutory byelaws were brought into effect with the approval of the Securities Exchange Board of India (‘SEBI’) under Section 9 of the Securities Contract (Regulation) Act, 1956. The said bye-laws would prevail over the Limitation Act, 1963.]]></description>
		<wfw:commentRss>http://taxguru.in/sebi/nse-byelaws-rules-regulations-prevail-limitation-act-1963.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>ITO to Undergo 3 Years Imprisonment in Disproportionate Assets Case</title>
		<link>http://taxguru.in/income-tax/ito-undergo-3-years-imprisonment-disproportionate-assets-case.html</link>
		<comments>http://taxguru.in/income-tax/ito-undergo-3-years-imprisonment-disproportionate-assets-case.html#comments</comments>
		<pubDate>Wed, 16 May 2012 07:26:27 +0000</pubDate>
		<dc:creator>CA Sandeep Kanoi</dc:creator>
				<category><![CDATA[Income Tax]]></category>
		<category><![CDATA[CBI]]></category>

		<guid isPermaLink="false">http://taxguru.in/?p=50162</guid>
		<description><![CDATA[The Special Judge for CBI Cases, Bhopal has convicted Shri S.K.Soni, the then Income Tax Officer, Bhopal U/s 13(2) r/w 13(1)(e) of PC Act and sentenced him to undergo three years Rigorous Imprisonment with a fine of Rs.35 lakh in disproportionate assets case. A case was registered on 13/09/1999 against Shri S.K.Soni, the then Income Tax Officer, Bhopal U/s 13(2) r/w 13(1)(e) of PC Act, 1988 on the allegations that he had amassed huge wealth to the tune of Rs.6,25,000/- disproportionate to his known sources of income. ]]></description>
		<wfw:commentRss>http://taxguru.in/income-tax/ito-undergo-3-years-imprisonment-disproportionate-assets-case.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>View Online e-TDS / TCS statement submitted with status</title>
		<link>http://taxguru.in/income-tax/register-your-tan-online-and-you-can-view-e-tds-tcs-statement-submitted-with-status-of-the-same.html</link>
		<comments>http://taxguru.in/income-tax/register-your-tan-online-and-you-can-view-e-tds-tcs-statement-submitted-with-status-of-the-same.html#comments</comments>
		<pubDate>Wed, 16 May 2012 07:24:45 +0000</pubDate>
		<dc:creator>CA Sandeep Kanoi</dc:creator>
				<category><![CDATA[Income Tax]]></category>
		<category><![CDATA[Income tax department]]></category>
		<category><![CDATA[TDS]]></category>
		<category><![CDATA[tin nsdl]]></category>

		<guid isPermaLink="false">http://www.taxguru.in/?p=14128</guid>
		<description><![CDATA[A facility to register TAN online is available on the TIN website (www.tin-nsdl. com). The Income Tax Department requires all deductors to register their TANs online. Authenticated access (through user ID and password) will be provided to registered deductors. Registration is free. An acknowledgment number will be displayed on successful registration. This acknowledgment number is to be kept securely. In future user id / password will be provided to the deductors who have successfully registered.]]></description>
		<wfw:commentRss>http://taxguru.in/income-tax/register-your-tan-online-and-you-can-view-e-tds-tcs-statement-submitted-with-status-of-the-same.html/feed/</wfw:commentRss>
		<slash:comments>4</slash:comments>
		</item>
		<item>
		<title>Return of income is the only document where assessee can furnish his income details</title>
		<link>http://taxguru.in/income-tax-case-laws/return-income-document-assessee-furnish-income-details.html</link>
		<comments>http://taxguru.in/income-tax-case-laws/return-income-document-assessee-furnish-income-details.html#comments</comments>
		<pubDate>Wed, 16 May 2012 07:23:53 +0000</pubDate>
		<dc:creator>CA Sandeep Kanoi</dc:creator>
				<category><![CDATA[Income Tax Case Laws]]></category>
		<category><![CDATA[ITAT judgments]]></category>

		<guid isPermaLink="false">http://taxguru.in/?p=50139</guid>
		<description><![CDATA[Hon’ble Supreme Court in the case of CIT vs Reliance Petro Products Pvt. Ltd reported in 322 ITR 0158(SC). has clearly held that the return of income is the only document where the assessee can furnish his particulars of income, where as in the instant appeal, the appellant company has not disclosed the receipt of [...]]]></description>
		<wfw:commentRss>http://taxguru.in/income-tax-case-laws/return-income-document-assessee-furnish-income-details.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Increase in Number of Tax Payers</title>
		<link>http://taxguru.in/income-tax/increase-number-tax-payers.html</link>
		<comments>http://taxguru.in/income-tax/increase-number-tax-payers.html#comments</comments>
		<pubDate>Wed, 16 May 2012 04:15:44 +0000</pubDate>
		<dc:creator>CA Sandeep Kanoi</dc:creator>
				<category><![CDATA[Income Tax]]></category>
		<category><![CDATA[CBDT]]></category>

		<guid isPermaLink="false">http://taxguru.in/?p=50157</guid>
		<description><![CDATA[The number of effective income tax assesses as well as the number of registered Central Excise and Service Tax assesses during the years 2006-07 to 2010-11 are as under:]]></description>
		<wfw:commentRss>http://taxguru.in/income-tax/increase-number-tax-payers.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Preventive Measures to Control Crime Against Women</title>
		<link>http://taxguru.in/finance/preventive-measures-control-crime-women.html</link>
		<comments>http://taxguru.in/finance/preventive-measures-control-crime-women.html#comments</comments>
		<pubDate>Wed, 16 May 2012 04:03:25 +0000</pubDate>
		<dc:creator>CA Sandeep Kanoi</dc:creator>
				<category><![CDATA[Finance]]></category>
		<category><![CDATA[Government Policy]]></category>

		<guid isPermaLink="false">http://taxguru.in/?p=50155</guid>
		<description><![CDATA[Ministry of Home Affairs has sent a detailed advisory to all State Governments/UTs, wherein they have been, inter-alia, advised to adopt appropriate measures for swift and salutary punishment to the persons found guilty of violence against women and children, improve the quality of investigations, minimize delays in investigations of crime against women, set up ‘Crime against Women Cells’ in districts, advised to undertake gender sensitization of the police personnel, special women courts and initiate steps for security of women working in night shifts at call centers. Majority of the States/UTs have established ‘Women Cells’. Some States/UTs have also set up ‘All Women Police stations’ at district level and ‘Mahila/children help desk’ at police station level. ]]></description>
		<wfw:commentRss>http://taxguru.in/finance/preventive-measures-control-crime-women.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>File applications for 58  SEZ ports codes &#8211; Policy Circular No.64 (RE-2010) /2009-14</title>
		<link>http://taxguru.in/dgft/file-applications-58-sez-ports-codes-policy-circular-no64-re2010-200914.html</link>
		<comments>http://taxguru.in/dgft/file-applications-58-sez-ports-codes-policy-circular-no64-re2010-200914.html#comments</comments>
		<pubDate>Wed, 16 May 2012 04:02:39 +0000</pubDate>
		<dc:creator>CA Sandeep Kanoi</dc:creator>
				<category><![CDATA[DGFT]]></category>
		<category><![CDATA[DGFT Notifications]]></category>

		<guid isPermaLink="false">http://taxguru.in/?p=50159</guid>
		<description><![CDATA[Policy Circular No.64 (RE-2010) /2009-14 Director General (Systems) have accorded SEZ port codes to the following 58 SEZs which have been uploaded on DGFT’s website]]></description>
		<wfw:commentRss>http://taxguru.in/dgft/file-applications-58-sez-ports-codes-policy-circular-no64-re2010-200914.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Amendment in the conditions and modalities for registration of contracts with DGFT for export of sugar</title>
		<link>http://taxguru.in/dgft/amendment-conditions-modalities-registration-contracts-dgft-export-sugar.html</link>
		<comments>http://taxguru.in/dgft/amendment-conditions-modalities-registration-contracts-dgft-export-sugar.html#comments</comments>
		<pubDate>Wed, 16 May 2012 04:00:11 +0000</pubDate>
		<dc:creator>CA Sandeep Kanoi</dc:creator>
				<category><![CDATA[DGFT]]></category>
		<category><![CDATA[DGFT Notifications]]></category>

		<guid isPermaLink="false">http://taxguru.in/?p=50158</guid>
		<description><![CDATA[Policy Circular No. 63 (RE-2010)/2009-14 (i) The application for issue of RC can be for an amount upto a maximum quantity of 25,000 MT (Twenty five thousand metric tons). Earlier this limit was 10,000 MT per RC. [Please refer Para 3 of Policy Circular No. 62(RE-2010)/2009-14 dated 14.05.2012].]]></description>
		<wfw:commentRss>http://taxguru.in/dgft/amendment-conditions-modalities-registration-contracts-dgft-export-sugar.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Tariff Value &#8211; Hike in Brass Scrap; Decrease for Gold and Silver</title>
		<link>http://taxguru.in/custom-duty/notification-422012customs-nt-change-tariff-brass-scrap-poppy-seeds-gold-silver-notified.html</link>
		<comments>http://taxguru.in/custom-duty/notification-422012customs-nt-change-tariff-brass-scrap-poppy-seeds-gold-silver-notified.html#comments</comments>
		<pubDate>Wed, 16 May 2012 04:00:07 +0000</pubDate>
		<dc:creator>CA Sandeep Kanoi</dc:creator>
				<category><![CDATA[Custom Duty]]></category>
		<category><![CDATA[Custom Duty Notifications]]></category>

		<guid isPermaLink="false">http://taxguru.in/?p=50154</guid>
		<description><![CDATA[The Central Board of Excise and Customs (CBEC), Department of Revenue, Ministry of Finance has issued a Notification No. 42/2012-Customs (N.T.) dated May 15, 2012 and thereby notifying change in tariff value of Brass Scrap (all grades), Poppy Seeds, Gold  and Silver as shown in the tables below:]]></description>
		<wfw:commentRss>http://taxguru.in/custom-duty/notification-422012customs-nt-change-tariff-brass-scrap-poppy-seeds-gold-silver-notified.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Extension Of Time Limit To Process Application For Recognition Of EPF Organisation</title>
		<link>http://taxguru.in/income-tax/extension-time-limit-process-application-recognition-epf-organisation.html</link>
		<comments>http://taxguru.in/income-tax/extension-time-limit-process-application-recognition-epf-organisation.html#comments</comments>
		<pubDate>Wed, 16 May 2012 03:27:35 +0000</pubDate>
		<dc:creator>CA Sandeep Kanoi</dc:creator>
				<category><![CDATA[Income Tax]]></category>
		<category><![CDATA[Budget]]></category>
		<category><![CDATA[EPF]]></category>

		<guid isPermaLink="false">http://taxguru.in/?p=50119</guid>
		<description><![CDATA[Rule 4 in Part A of the Fourth Schedule provides for conditions which are required to be satisfied by a Provident Fund for receiving or retaining the status of "recognized provident fund". One of the requirements of rule 4 [clause (ea)] is that the establishment shall obtain exemption under section 17 of the Employees' Provident Funds and Miscellaneous Provisions Act, 1952 (EPF &#038; MP Act).]]></description>
		<wfw:commentRss>http://taxguru.in/income-tax/extension-time-limit-process-application-recognition-epf-organisation.html/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Professionals to Pay Service Tax @ 12% for Invoice Raised before 01.04.2012</title>
		<link>http://taxguru.in/service-tax/professionals-pay-service-tax-12-invoice-raised-01042012.html</link>
		<comments>http://taxguru.in/service-tax/professionals-pay-service-tax-12-invoice-raised-01042012.html#comments</comments>
		<pubDate>Wed, 16 May 2012 03:20:31 +0000</pubDate>
		<dc:creator>CA Sandeep Kanoi</dc:creator>
				<category><![CDATA[Service Tax]]></category>
		<category><![CDATA[Budget]]></category>
		<category><![CDATA[ICAI]]></category>
		<category><![CDATA[ICSI]]></category>
		<category><![CDATA[ICWAI]]></category>

		<guid isPermaLink="false">http://taxguru.in/?p=50099</guid>
		<description><![CDATA[Up to 31.03.2012, if the following 8 services provided by individuals or proprietary firms or partnership firms then these services shall be deemed to have been provided on the date on which payment is received:]]></description>
		<wfw:commentRss>http://taxguru.in/service-tax/professionals-pay-service-tax-12-invoice-raised-01042012.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Amendments Proposed in Provisions Relating to GAAR</title>
		<link>http://taxguru.in/income-tax/amendments-proposed-provisions-relating-gaar.html</link>
		<comments>http://taxguru.in/income-tax/amendments-proposed-provisions-relating-gaar.html#comments</comments>
		<pubDate>Wed, 16 May 2012 03:08:26 +0000</pubDate>
		<dc:creator>CA Sandeep Kanoi</dc:creator>
				<category><![CDATA[Income Tax]]></category>
		<category><![CDATA[Budget]]></category>

		<guid isPermaLink="false">http://taxguru.in/?p=50116</guid>
		<description><![CDATA[The following government amendments have been proposed in the provisions relating to General Anti-Avoidance Rules (GAAR) contained in the Finance Bill 2012.
i) To remove the onus of proof from the tax-payers to the Revenue Department before any action can be initiated under GAAR. ii) To introduce an independent member, not below the rank of Joint Secretary from the Ministry of Law, in the GAAR approving panel to ensure objectivity and transparency. ]]></description>
		<wfw:commentRss>http://taxguru.in/income-tax/amendments-proposed-provisions-relating-gaar.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Conversion of EEFC balances into rupee balances will only be applicable to available balances in EEFC account</title>
		<link>http://taxguru.in/rbi/conversion-eefc-balances-rupee-balances-applicable-balances-eefc-account.html</link>
		<comments>http://taxguru.in/rbi/conversion-eefc-balances-rupee-balances-applicable-balances-eefc-account.html#comments</comments>
		<pubDate>Wed, 16 May 2012 02:14:22 +0000</pubDate>
		<dc:creator>CA Sandeep Kanoi</dc:creator>
				<category><![CDATA[RBI / FEMA]]></category>
		<category><![CDATA[fema]]></category>
		<category><![CDATA[Fema Notifications]]></category>
		<category><![CDATA[RBI Notifications]]></category>

		<guid isPermaLink="false">http://taxguru.in/?p=50161</guid>
		<description><![CDATA[A.P. (DIR Series) Circular No. 128 Based on various queries received from Authorised Dealers, it is clarified that the conversion of the EEFC balances into rupee balances will only be applicable to available balances in the EEFC account which may be arrived at by netting off earmarked amounts on account of outstanding forward / option contracts booked before May 10, 2012. ]]></description>
		<wfw:commentRss>http://taxguru.in/rbi/conversion-eefc-balances-rupee-balances-applicable-balances-eefc-account.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Amends Handling of Cargo in Customs Areas Regulations, 2009 (notification No. 26 / 2009 -Customs (N.T.), dated the 17th March, 2009)</title>
		<link>http://taxguru.in/custom-duty/amends-handling-cargo-customs-areas-regulations-2009-notification-26-2009-customs-nt-dated-17th-march-2009.html</link>
		<comments>http://taxguru.in/custom-duty/amends-handling-cargo-customs-areas-regulations-2009-notification-26-2009-customs-nt-dated-17th-march-2009.html#comments</comments>
		<pubDate>Wed, 16 May 2012 02:11:01 +0000</pubDate>
		<dc:creator>CA Sandeep Kanoi</dc:creator>
				<category><![CDATA[Custom Duty]]></category>
		<category><![CDATA[Custom Duty Notifications]]></category>

		<guid isPermaLink="false">http://taxguru.in/?p=50160</guid>
		<description><![CDATA[Notification No. 43/ 2012-Customs (N.T.) 1. (1)     These regulations may be called the Handling of Cargo in Customs Areas (Amendment) Regulations, 2012.     (2)    They shall come into force on the date of their publication in the Official Gazette. 2.         In the Handling of Cargo in Customs Areas Regulations, 2009, (hereinafter referred to as the said regulations),- ]]></description>
		<wfw:commentRss>http://taxguru.in/custom-duty/amends-handling-cargo-customs-areas-regulations-2009-notification-26-2009-customs-nt-dated-17th-march-2009.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Transfers of ITAT Members (May 2012)</title>
		<link>http://taxguru.in/income-tax/transfers-itat-members-2012.html</link>
		<comments>http://taxguru.in/income-tax/transfers-itat-members-2012.html#comments</comments>
		<pubDate>Tue, 15 May 2012 22:59:07 +0000</pubDate>
		<dc:creator>CA Sandeep Kanoi</dc:creator>
				<category><![CDATA[Income Tax]]></category>
		<category><![CDATA[CBDT]]></category>
		<category><![CDATA[Income Tax Notifications]]></category>

		<guid isPermaLink="false">http://taxguru.in/?p=50125</guid>
		<description><![CDATA[Vide Order dated 11.5.2012 passed in Pursuance of the consultations of the collegiums of the Income tax Appellate Tribunal consisting of the President  and two senior-most Vice-Presidents, the following Members of the Income Tax Appellate Tribunal have been transferred,]]></description>
		<wfw:commentRss>http://taxguru.in/income-tax/transfers-itat-members-2012.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Amendment to Scheme of Authority For Advance Ruling In Case of GAAR</title>
		<link>http://taxguru.in/income-tax/amendment-scheme-authority-advance-ruling-case-gaar.html</link>
		<comments>http://taxguru.in/income-tax/amendment-scheme-authority-advance-ruling-case-gaar.html#comments</comments>
		<pubDate>Tue, 15 May 2012 20:28:49 +0000</pubDate>
		<dc:creator>CA Sandeep Kanoi</dc:creator>
				<category><![CDATA[Income Tax]]></category>
		<category><![CDATA[Budget]]></category>

		<guid isPermaLink="false">http://taxguru.in/?p=50120</guid>
		<description><![CDATA[The Finance Bill, 2012 as passed by the Lok Sabha amends Sections 245N and 245R wef April 1, 2013. After the amendment any person (resident or non-resident) may make an application to AAR for determination by it whether an arrangement, which is proposed to be undertaken by him/it, is an impermissible avoidance agreement as referred to in Chapter X-A or not.]]></description>
		<wfw:commentRss>http://taxguru.in/income-tax/amendment-scheme-authority-advance-ruling-case-gaar.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>If facts are same then ITAT has to its follow its earlier decision</title>
		<link>http://taxguru.in/income-tax-case-laws/facts-itat-follow-earlier-decision.html</link>
		<comments>http://taxguru.in/income-tax-case-laws/facts-itat-follow-earlier-decision.html#comments</comments>
		<pubDate>Tue, 15 May 2012 20:28:13 +0000</pubDate>
		<dc:creator>CA Sandeep Kanoi</dc:creator>
				<category><![CDATA[Income Tax Case Laws]]></category>
		<category><![CDATA[ITAT judgments]]></category>

		<guid isPermaLink="false">http://taxguru.in/?p=50134</guid>
		<description><![CDATA[The assessee is a company engaged in management consultancy, implementation of internal controls, system audits, arranging finance from financial institutions and financing and advisory services in the capital markets. It is also doing NBFC business and is a Non-banking Finance Company registered with the Reserve Bank of India and is engaged in financing business sine 1986. During the impugned assessment year it disclosed long-term capital gain of Rs.  43,16,233/- along with short-term capital gain of Rs.  13,21,932/- (STT paid) and STGS of Rs.  19,865/-. ]]></description>
		<wfw:commentRss>http://taxguru.in/income-tax-case-laws/facts-itat-follow-earlier-decision.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>CA student Commit Suicide on failure in Exam</title>
		<link>http://taxguru.in/chartered-accountant/ca-student-commit-suicide-failure-exam.html</link>
		<comments>http://taxguru.in/chartered-accountant/ca-student-commit-suicide-failure-exam.html#comments</comments>
		<pubDate>Tue, 15 May 2012 19:16:53 +0000</pubDate>
		<dc:creator>CA Sandeep Kanoi</dc:creator>
				<category><![CDATA[CA CS ICWA]]></category>
		<category><![CDATA[chartered accountants]]></category>
		<category><![CDATA[Professional Competence Examination]]></category>

		<guid isPermaLink="false">http://taxguru.in/?p=50118</guid>
		<description><![CDATA[A girl student allegedly committed suicide by hanging herself with a ceiling fan after she remained unsuccessful in Chartered Accountant (CA) exams in Kathua district of Jammu and Kashmir. ]]></description>
		<wfw:commentRss>http://taxguru.in/chartered-accountant/ca-student-commit-suicide-failure-exam.html/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Merely because there was no evidence of denial or rebuttal, the plaintiff’s case could not be held to have been proved</title>
		<link>http://taxguru.in/finance/evidence-denial-rebuttal-plaintiffs-case-held-proved.html</link>
		<comments>http://taxguru.in/finance/evidence-denial-rebuttal-plaintiffs-case-held-proved.html#comments</comments>
		<pubDate>Tue, 15 May 2012 18:49:07 +0000</pubDate>
		<dc:creator>CA Sandeep Kanoi</dc:creator>
				<category><![CDATA[Finance]]></category>
		<category><![CDATA[supreme court judgements]]></category>

		<guid isPermaLink="false">http://taxguru.in/?p=50148</guid>
		<description><![CDATA[High Court was legally justified in setting aside the judgement and decree of the trial court and allowing the appeal to the limited extent of remanding the matter to the trial court for a de-novo trial after permitting the defendant-respondent to file the written statement. The appeal consequently stands dismissed.]]></description>
		<wfw:commentRss>http://taxguru.in/finance/evidence-denial-rebuttal-plaintiffs-case-held-proved.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Form 16 Excel Utility for F.Y. 2012-13</title>
		<link>http://taxguru.in/income-tax/form-16-excel-utility-fy-201213.html</link>
		<comments>http://taxguru.in/income-tax/form-16-excel-utility-fy-201213.html#comments</comments>
		<pubDate>Tue, 15 May 2012 17:29:50 +0000</pubDate>
		<dc:creator>CA Sandeep Kanoi</dc:creator>
				<category><![CDATA[Income Tax]]></category>
		<category><![CDATA[Downloads]]></category>
		<category><![CDATA[Form 16]]></category>
		<category><![CDATA[new form 16]]></category>
		<category><![CDATA[Pranab Banerjee]]></category>

		<guid isPermaLink="false">http://taxguru.in/?p=50096</guid>
		<description><![CDATA[This Excel utility is fully automated. Just put the data in Data input sheet and it will prepare the Form-16 automatically. User can also take printout of Form 16 prepared through this utility. Format if form 16 is latest and applicable from A.Y. 2013-14 and F.Y. 2012-13.]]></description>
		<wfw:commentRss>http://taxguru.in/income-tax/form-16-excel-utility-fy-201213.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Download Form-16 with 24Q (Annual Return) in Excel Format</title>
		<link>http://taxguru.in/income-tax/download-form16-24q-annual-return-excel-format.html</link>
		<comments>http://taxguru.in/income-tax/download-form16-24q-annual-return-excel-format.html#comments</comments>
		<pubDate>Tue, 15 May 2012 17:00:05 +0000</pubDate>
		<dc:creator>CA Sandeep Kanoi</dc:creator>
				<category><![CDATA[Income Tax]]></category>
		<category><![CDATA[Downloads]]></category>
		<category><![CDATA[Form 16]]></category>
		<category><![CDATA[Pranab Banerjee]]></category>

		<guid isPermaLink="false">http://taxguru.in/?p=45110</guid>
		<description><![CDATA[Automated Form 16 Preparation Software which can prepare at Form 16 of 50 Employees from the details of 24Q Annual Return Form.     Master Form-16 New Financial Year 2012-13 / Assessment Year 2013-14     Master Form-16 New Financial Year 2011-12 / Assessment Year 2012-13

]]></description>
		<wfw:commentRss>http://taxguru.in/income-tax/download-form16-24q-annual-return-excel-format.html/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Procedure &amp; documents required in respect of Single/Centralised  Registration under Rule 4 of Service Tax Rules,1994</title>
		<link>http://taxguru.in/service-tax/procedure-documents-required-respect-singlecentralised-registration-rule-4-service-tax-rules1994.html</link>
		<comments>http://taxguru.in/service-tax/procedure-documents-required-respect-singlecentralised-registration-rule-4-service-tax-rules1994.html#comments</comments>
		<pubDate>Tue, 15 May 2012 16:51:48 +0000</pubDate>
		<dc:creator>CA Sandeep Kanoi</dc:creator>
				<category><![CDATA[Service Tax]]></category>
		<category><![CDATA[service tax notifications]]></category>

		<guid isPermaLink="false">http://taxguru.in/?p=50089</guid>
		<description><![CDATA[Trade Notice no. 07/ST/2012 A service provider opting for Centralised Registration for the first time for all their branches or converting from single registration(s) to centralised registration under Rule 4(2)(iii) of Service Tax Rules, 1994 shall fill the ST-1 Form online available at www.aces.gov.in. After filling the online application, the print-out of the ST-1 application along with the required documents as given in Annexure-I shall be submitted to the office of the jurisdictional Divisional Deputy/Assistant Commissioner of Service Tax within 15 days from the date of filing the application online. Failure to do so would lead to rejection of the registration application.]]></description>
		<wfw:commentRss>http://taxguru.in/service-tax/procedure-documents-required-respect-singlecentralised-registration-rule-4-service-tax-rules1994.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Download House Rent Allowance (HRA) Calculator</title>
		<link>http://taxguru.in/income-tax/download-exempt-house-rent-allowance-hra-calculator.html</link>
		<comments>http://taxguru.in/income-tax/download-exempt-house-rent-allowance-hra-calculator.html#comments</comments>
		<pubDate>Tue, 15 May 2012 16:44:47 +0000</pubDate>
		<dc:creator>CA Sandeep Kanoi</dc:creator>
				<category><![CDATA[Income Tax]]></category>
		<category><![CDATA[Downloads]]></category>
		<category><![CDATA[Pranab Banerjee]]></category>

		<guid isPermaLink="false">http://taxguru.in/?p=46131</guid>
		<description><![CDATA[This Calculator calculates House Rent Allowance which is exempt from tax U/s. 10(13) of The Income Tax Act, 1961. The calculator is in excel format and it calculates the allowance which will be exempt from tax automatically.]]></description>
		<wfw:commentRss>http://taxguru.in/income-tax/download-exempt-house-rent-allowance-hra-calculator.html/feed/</wfw:commentRss>
		<slash:comments>11</slash:comments>
		</item>
		<item>
		<title>Download Loan and EMI calculator for Free</title>
		<link>http://taxguru.in/finance/loan-and-emi-calculator.html</link>
		<comments>http://taxguru.in/finance/loan-and-emi-calculator.html#comments</comments>
		<pubDate>Tue, 15 May 2012 07:20:00 +0000</pubDate>
		<dc:creator>CA Sandeep Kanoi</dc:creator>
				<category><![CDATA[Finance]]></category>
		<category><![CDATA[Home Loan]]></category>
		<category><![CDATA[Software]]></category>

		<guid isPermaLink="false">http://kanoisandeep.wordpress.com/2007/07/14/loan-and-emi-calculator/</guid>
		<description><![CDATA[By using any one of these software you can calculate EMI, Rate of Interest, Total Interest during the loan period, EMI Schedule etc. of your Home loan, Auto Loan Etc:-]]></description>
		<wfw:commentRss>http://taxguru.in/finance/loan-and-emi-calculator.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>FDI up to 100 per cent under automatic route covers only financial leases &amp; not operating leases</title>
		<link>http://taxguru.in/rbi/fdi-100-cent-automatic-route-covers-financial-leases-operating-leases.html</link>
		<comments>http://taxguru.in/rbi/fdi-100-cent-automatic-route-covers-financial-leases-operating-leases.html#comments</comments>
		<pubDate>Tue, 15 May 2012 04:51:15 +0000</pubDate>
		<dc:creator>CA Sandeep Kanoi</dc:creator>
				<category><![CDATA[RBI / FEMA]]></category>
		<category><![CDATA[fema]]></category>
		<category><![CDATA[Fema Notifications]]></category>
		<category><![CDATA[RBI Notifications]]></category>

		<guid isPermaLink="false">http://taxguru.in/?p=50114</guid>
		<description><![CDATA[A.P. (DIR Series) Circular No. 127 It is clarified that the activity ‘leasing and finance’, which is one among the eighteen NBFC activities wherein FDI up to 100 per cent is permitted under the automatic route, subject to minimum capitalisation norms, covers only ‘financial leases’ and not ‘operating leases’, in so far as the NBFC sector is concerned.]]></description>
		<wfw:commentRss>http://taxguru.in/rbi/fdi-100-cent-automatic-route-covers-financial-leases-operating-leases.html/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
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