Fwd: TaxGuru.in : Legal & Tax Updates

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From: LEGAL & FINANCIAL UPDATES FROM TAX GURU <info@taxguru.in>
Date: Wed, Dec 8, 2010 at 10:01 AM
Subject: TaxGuru.in : Legal & Tax Updates
To: palashbiswaskl@gmail.com

TaxGuru.in : Legal & Tax Updates

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• Common Errors Made While Filling Income Tax Returns Explained
• Income Tax Refunds Up 6 7 Percent In First Eight Months
• House Panel Seeks To Delay Rollout Of IFRS By Two Years
• Mayawayti Demands Rs 2528 Crore To Switch To GST
• Surveillance Cameras In Banks And ATMs
• 17 85 Percent Increase In Direct Tax Collections During April-November Crosses 50 Percent Of Be Target Of Rs 4 30 000
• Bill On Forward Contracts Introduced In LOK SABHA
• I-T Dept Introduces New Facility For Online Submission Of Rectification Request - CPC BANGALORE
• SARFAESI ACT 2002 And Various Complicated Issues
• Amendment In Paragraph 2 27 Of Handbook Of Procedures Vol I 2009-2014 RE 2010 Regarding Import Of Samples
• Operation Of Bank Accounts And Money Mules
• Mistakes People Normally Commit While Filling Income Tax Returns

Common Errors Made While Filling Income Tax Returns Explained Posted: 08 Dec 2010 12:20 AM PST For AY 2009-10 onwards E-returns are being processed u s143 1 at CPC Bangalore In some cases taxpayers have requested for rectification of the intimation u s 154 In almost all cases it is seen that the rectification can be corr [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Income Tax Refunds Up 6 7 Percent In First Eight Months Posted: 07 Dec 2010 10:37 PM PST Income tax department s schemes for speedy issuance of I-T refunds seem to be paying off well Income tax refunds have picked up encouragingly during the first eight months of the current fiscal by 6 7 per cent compared to the cor [[ This is a content summary only. Visit www.taxguru.in for full article ]]

House Panel Seeks To Delay Rollout Of IFRS By Two Years Posted: 07 Dec 2010 10:34 PM PST Chairman of an influential parliamentary committee has urged the prime minister to delay the rollout of global accounting norms by at least two years saying India need to enter into a dialogue with other countries to modify the pro [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Mayawayti Demands Rs 2528 Crore To Switch To GST Posted: 07 Dec 2010 10:31 PM PST The Mayawati government on Monday demanded an early settlement of its claim for Rs 2 527 93 crore from the Centre and set it as one of the pre-conditions for enforcing the Goods and Service Tax GST regime proposed to be implement [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Surveillance Cameras In Banks And ATMs Posted: 07 Dec 2010 10:18 PM PST Indian Banks Association IBA has reported that some banks have installed surveillance cameras in their Automated Teller Machine ATM locations whereas some of the banks are using their CCTV connection to their on-site ATMs f [[ This is a content summary only. Visit www.taxguru.in for full article ]]

17 85 Percent Increase In Direct Tax Collections During April-November Crosses 50 Percent Of Be Target Of Rs 4 30 000 Posted: 07 Dec 2010 10:16 PM PST During the period April-November 2010 net direct tax collections stood at Rs 2 16 628 crore up from Rs 1 83 822 crore during the same period last fiscal registering a growth of 17 85 percent and crossing 50 percent of the BE t [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Bill On Forward Contracts Introduced In LOK SABHA Posted: 07 Dec 2010 11:14 AM PST The Forward Contracts Regulation Amendment Bill FCRA bill was at long last introduced the Lok Sabha on Monday by food MoS K V Thomas The proposed amendments long awaited by commodity participants in the country are expected [[ This is a content summary only. Visit www.taxguru.in for full article ]]

I-T Dept Introduces New Facility For Online Submission Of Rectification Request - CPC BANGALORE Posted: 07 Dec 2010 06:04 AM PST Department introduces new facility for online submission of rectification request in cases where processing was completed by CPC Bangalore Please review the guide for common errors to first rectify the return submitted and generate th [[ This is a content summary only. Visit www.taxguru.in for full article ]]

SARFAESI ACT 2002 And Various Complicated Issues Posted: 07 Dec 2010 07:01 AM PST We all know the object of SARFAESI Act 2002 and it is to assist the Banks in realization of their debt through proceeding against the Secured Asset There are people and professionals supporting SARFAESI Act 2002 on the ground [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Amendment In Paragraph 2 27 Of Handbook Of Procedures Vol I 2009-2014 RE 2010 Regarding Import Of Samples Posted: 07 Dec 2010 11:45 PM PST Public Notice No 17 2009-2014 RE- 2010 The 6th December 2010 Subject Amendment in Paragraph 2 27 of Handbook of Procedures Vol I 2009-2014 RE 2010 regarding import of samples In exercise of the powers conferred under [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Operation Of Bank Accounts And Money Mules Posted: 07 Dec 2010 10:52 PM PST RBI 2010-11 303 Dated nbsp December 7 2010 DBOD AML BC No 65 14 01 001 2010-11 nbsp The Chairmen CEOs of all Scheduled Commercial Banks excluding nbsp RRBs All India Financial Institutions Local Area Banks nbsp [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Mistakes People Normally Commit While Filling Income Tax Returns Posted: 07 Dec 2010 07:02 PM PST For AY 2009-10 onwards E-returns are being processed u s143 1 at CPC Bangalore In some cases taxpayers have requested for rectification of the intimation u s 154 In almost all cases it is seen that the rectification can be corr [[ This is a content summary only. Visit www.taxguru.in for full article ]]

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Palash Biswas
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