Fwd: TaxGuru.in : Legal & Tax Updates

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From: LEGAL & FINANCIAL UPDATES FROM TAX GURU <info@taxguru.in>
Date: Tue, Dec 14, 2010 at 5:15 PM
Subject: TaxGuru.in : Legal & Tax Updates
To: palashbiswaskl@gmail.com

TaxGuru.in : Legal & Tax Updates

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• CPC Commences Issue Of IT Refunds For AY 2010-11 Returns
• Finance Ministry Starts Probing More Than 100 Overseas Deals For Tax Evasion
• Department Of Telecom To Issue Notice To Errant Telecom Companies From Monday
• CAG Suggests Lower Corporate Tax Rates
• A Technical Paper On Inflation Indexed Bonds IIBs
• IT Dept May Tax Over 380 Firms Under Scrutiny For Merger And Acquisition Deals In FY 08
• Easy Tax Preparation With Salary Statement Form-16 ITR-I 10E H R A Exemption For Financial Year 10-11 For Salaries Person

CPC Commences Issue Of IT Refunds For AY 2010-11 Returns Posted: 14 Dec 2010 12:11 AM PST Centralized Processing Center CPC Bangalore has begun processing of returns for AY 2010-11 Till 10 12 2010 it has processed over 15 lakh e-filed returns of AY 2010-11 in ITRs 1 2 3 4 and issued refunds in over 1 6 lakh cases [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Finance Ministry Starts Probing More Than 100 Overseas Deals For Tax Evasion Posted: 14 Dec 2010 12:07 AM PST The Finance Ministry has begun its maiden investigation into over 100 offshore financial structuring deals undertaken by Indian business entities in foreign tax havens to allegedly evade the taxman s net The multi-pronged prob [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Department Of Telecom To Issue Notice To Errant Telecom Companies From Monday Posted: 13 Dec 2010 11:57 PM PST It s payback time The department of telecom DoT will issue on Monday its first set of show cause notices to companies that were ineligible to receive 2G licences spectrum in 2008 as well as to those that failed to meet their bas [[ This is a content summary only. Visit www.taxguru.in for full article ]]

CAG Suggests Lower Corporate Tax Rates Posted: 13 Dec 2010 11:43 PM PST The government s official auditor Comptroller and Auditor General CAG has mooted lower corporate taxes to stop many non-resident firms from misusing the Double Taxation Avoidance Agreements DTAAs on account of higher levies in [[ This is a content summary only. Visit www.taxguru.in for full article ]]

A Technical Paper On Inflation Indexed Bonds IIBs Posted: 13 Dec 2010 11:41 PM PST The Reserve Bank of India has today placed on its website a nbsp technical paper on Inflation Indexed Bonds nbsp for public comments Comments on the technical note may be forwarded to the Chief General Manager Internal De [[ This is a content summary only. Visit www.taxguru.in for full article ]]

IT Dept May Tax Over 380 Firms Under Scrutiny For Merger And Acquisition Deals In FY 08 Posted: 13 Dec 2010 11:37 PM PST Having scrutinised more than 380 merger and acquisition deals from 2007-08 the Income Tax department is expected to soon slap entities concerned with notices for tax totalling several crores of rupees nbsp Although the scr [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Easy Tax Preparation With Salary Statement Form-16 ITR-I 10E H R A Exemption For Financial Year 10-11 For Salaries Person Posted: 13 Dec 2010 05:39 PM PST Easily Prepare Income Tax Quartly Annually for financial year2010-2011 for Govt Private Employees This Software can prepare at a time Salary Statement Form-16 ITR-I Arrears Relief u s 89 1 House Rent Exemption This software i [[ This is a content summary only. Visit www.taxguru.in for full article ]]

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Palash Biswas
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