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Taxation News


CBDT notified Constitution of DRPs in eight cities

   25 November 2009 at 20:16

Central Board of Direct Taxes has notified rules to regulate the procedure of the Dispute Resolution Panel (DRP) constituted under section 144C of the Income Tax Act, 1961 inserted by the Finance Act 2009. The rules came into effect from 20th Novembe ..

Posted in Taxation |   588 Views


CLB chairman arrested by CBI for accepting bribe

   25 November 2009 at 20:14

Acting chairman of Company Law Board R Vasudevan was arrested by CBI for allegedly taking bribe of Rs seven lakh from a company secretary to give a favourable verdict to a media house. Mr. Vasudevan was arrested from his official residence at HUDCO P ..

Posted in Taxation |   475 Views


Constitution of Dispute Resolution Panel in 8 cities notifie

   24 November 2009 at 19:28

Central Board of Direct Taxes has notified rules to regulate the procedure of the Dispute Resolution Panel (DRP) constituted under section 144C of the Income Tax Act, 1961 inserted by the Finance Act 2009. The rules came into effect from 20th Novembe ..

Posted in Taxation |   490 Views


Constitution of DRPs in eight cities notified

   24 November 2009 at 12:37

Constitution of DRPs in eight cities notifiedCentral Board of Direct Taxes has notified rules to regulate the procedure of the Dispute Resolution Panel (DRP) constituted under section 144C of the Income Tax Act, 1961 inserted by the Finance Act 2009. ..

Posted in Taxation |   361 Views


CBEC Sets Right Issue of Double Taxation on I T Software

   23 November 2009 at 13:28

The Central Board of Excise & Customs (‘CBEC’) has issued a Circular F.No.354/189/2009-TRU dated 4.11.2009 clarifying that the exemption under notifications no. 22/2009-CE dated 07.07. 2009 and no.80/2009-Customs dated 07.07.2009 issu ..

Posted in Taxation |   360 Views


Finance Act 2008 passed with notifications in Service Tax

   12 November 2009 at 19:29

The Finance Act, 2008 received the assent of the President of India on the 10th May, 2008 which contains provisions for direct and indirect taxes for fiscal year 2008-09. The Finance Bill was earlier approved by both the houses of Parliament. Consequ ..

Posted in Taxation  1 comments |   745 Views


Customs, Central Excise and Service Tax Figures for October

   11 November 2009 at 16:00

Customs, Central Excise and Service Tax Figures for October 2009Customs, Central Excise and Service Tax Revenue (provisional) collection for the month of October 2009, along with the comparative data for the corresponding period of the previous year ..

Posted in Taxation |   545 Views


FM circulate discussion paper on Goods and Services Tax

   10 November 2009 at 22:03

With barely over four months left for the rollout of the goods and services tax, states on Tuesday proposed that the new tax regime should subsume most central indirect levies like excise and service tax as well as state taxes like VAT, making it eas ..

Posted in Taxation |   483 Views


FM’s speech at meeting of Empowered Committee of State Finan

   10 November 2009 at 17:32

FM’s speech at meeting of Empowered Committee of State Finance Ministers on GSTFollowing is the text of speech delivered by Finance Minister Shri Pranab Mukherjee at the meeting of the Empowered Committee of State Finance Minister here today: & ..

Posted in Taxation |   262 Views


Durgesh Shankar joins as Member CBDT

   06 November 2009 at 16:10

Durgesh Shankar joins as Member CBDTShri Durgesh Shankar today joined as Member of the Central Board of Direct Taxes(CBDT). Shri Shankar belongs to 1973 batch of the Indian Revenue Service. Before joining the CBDT, he was a Chief Commissioner of Inco ..

Posted in Taxation  2 comments |   1890 Views