"07 April 2009" Archive

Government imposed 5% Income tax on Non Resident Indians over their world-wide income w.e.f. A.Y. 2009-10

This seems to be rumour circulating on various websites. I have gone through Income Tax India Website but havent found anything on the same suggesting imposition of 5% Income tax on Non Resident Indian (NRI) over their world-wide income w.e.f. A.Y. 2009-10....

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Posted Under: Income Tax |

CBDT set up special task force to suggest ways to prevent abuse of double taxation avoidance agreements especially with Mauritius and Cyprus

With global and political will turned against tax havens, New Delhi is looking to turn the heat on Mauritius and Cyprus to amend tax treaties with these countries or bring in anti-abuse provisions in their local laws....

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Posted Under: Income Tax |

LLP Act comes into effect but legal & tax hurdles remains

LLP Act comes into effect from 01.04.2009 but legal and tax hurdles remain The Ministry of Corporate Affairs (MCA) has started registering firms under the newly-enacted Limited Liability Partnership (LLP) Act. However, a flow of applications is unlikely till tax laws are changed, say experts. At present, the Income Tax Act does not recogn...

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Posted Under: Income Tax |

Satyam ex-CFO gives clean chit to auditors S Gopalakrishnan and Talluri Srinivas of audit firm Price Waterhouse

In a significant development, former Satyam Computer CFO Vadlamani Srinivas has told representatives of the Institute of Chartered Accountants of India (ICAI) — the apex regulatory body for chartered accountants in India — that auditors S Gopalakrishnan and Talluri Srinivas of audit firm Price Waterhouse had no role to play in the fra...

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Posted Under: Income Tax |

No evidence suggesting involvement of PWC Auditors in Satyam Scam

There is no ready evidence that the jailed Price Waterhouse (PW) auditors in the Satyam Computer Services scandal had also colluded, says Uttam Prakash Agarwal, president of the Institute of Chartered Accountants of India (ICAI). They and the former chief financial officer of Satyam, Vadlamani Srinivas, seemed to have acted on the instruc...

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Posted Under: Income Tax |

Download ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6, ITR 7, ITR 8 & ITR V in Excel for A.Y. 2009-10

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