"20 July 2010" Archive

Section 71 of the Finance Act, 1994 – Scheme for submission of returns through Service tax preparers – Amendment in Service Tax Return Preparer Scheme, 2009

Notification No. 44/2010-Service Tax (20/07/2010)

Notification No. 44/2010-Service Tax, dated 20-7-2010. In exercise of the powers conferred by sub-section (1) of Section 71 of the Finance Act, 1994 (32 of 1994), the Central Board of Excise and Customs, makes the following amendment in the Service Tax Return Preparer Scheme, 2009, namely ...

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Notification No. 57/2010-Income Tax Dated 20/7/2010

Notification No. 57/2010-Income Tax (20/07/2010)

S.O It is hereby notified for general information that the organization MEPCO Schlenk Engineering College, Sivakasi, Tamil nadu has been approved by the Central Government for the purpose of clause (ii) of sub-section ( I) section 35 of the Income-tax Act. 1961 (said Act), read with Rules SC and sE of the Income-tax Rules, 1962 (said Rul...

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Notification No. 58/2010-Income Tax Dated 20/7/2010

Notification No. 58/2010-Income Tax (20/07/2010)

Notification No. 58/2010-Income Tax S.O. It is hereby notified for general information that the organization Astra Zeneca Research Foundation India, Bangalore has been approved by the Central Government for the purpose of clause (ii) of sub-section ( 1) of section 35 of the Income-tax Act 1961 (said Act), read with Rules 5C and 5E of the ...

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Toppers, Pass Percentage CA Final May 2010 & CPT June 2010

The toppers of Chartered Accountants Final (existing) Examinations held in May, 2010 are from district Nagaur (Rajasthan), Kolkata and Ahmedabad.The details of the top three rank holders on all India basis for Chartered Accountants Final(existing course) along with the marks secured by them are mentioned at Annexure-A. The pass percentage...

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Posted Under: Service Tax |

Bonanza for Defaulting and Defunct Companies

The Corporate Sector has reason to celebrate the launch of two Schemes by the Ministry of Corporate Affairs in the last week of May 2010. The Company Law Settlement Scheme (CLSS) 2010 is intended for those companies who desire to continue after clearing their track record. Whereas, Easy Exit Scheme (EES) 2010 is intended for those comp...

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Posted Under: Service Tax |

Office boy becomes Chartered Accountant

Unlike Wangdu aka Aamir Khan, Shailesh did not impersonate anyone to pursue his love for studies, but does have the same background. Living in a 12x25 room in a slum in Limbayat with a family of five, he has successfully stepped in the world of chartered accountants. He cleared his CA final exams with 220 and 210 marks in both the groups ...

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Posted Under: Service Tax | ,

Deputy commissioner of income-tax under scanner for unprofessional conduct

The Union government has warned a deputy commissioner of income-tax for releasing diamonds seized during a raid without proper orders. The government has said that A K Suri did not act in a manner expected of an officer while on search duty....

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Posted Under: Service Tax |

Income Tax department’s tax fair expects 5 Lakh income tax returns

The Income Tax department’s tax fair, which starts on Monday, is expected to see 50,000 more taxpayers filing their returns this year. Last year about 4.5 lakh people filed their returns in the tax fair organised at Palace Grounds. This year, the department is expecting 50,000 more footfalls totaling more than 5 lakh tax payers at the ...

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Posted Under: Service Tax |

SC remands I-T dept’s appeal related to taxability of foreign telecasting companies

The Supreme Court has remanded the income tax department’s appeal raising pertinent issues related to taxability of foreign telecasting companies to the Bombay High Court.The issue revolves around the method of computation of profits by non-resident firms from their Indian operations especially those which don’t have branch offices or...

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Posted Under: Service Tax |

Notification No. 56/2010-Income Tax Dated 20/7/2010

Notification No. 56/2010-Income Tax (20/07/2010)

Notification No. 56/2010-Income Tax Gujarat has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (said Act), read with Rules 5C and 5E of the Income-tax Rules. 1962 (said Rules), from Assessment year 2010-2011 onwards in the category of ‘University’ par...

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