tag:blogger.com,1999:blog-2215214366585605842011-11-28T06:47:18.738+05:30Useful Statutory updates can be found here....CA. Vinod Dasanihttp://www.blogger.com/profile/03720355147450580805noreply@blogger.comBlogger561100tag:blogger.com,1999:blog-221521436658560584.post-65433363412138590142009-07-01T15:48:00.001+05:302009-07-01T15:48:35.148+05:30

Technorati Tags: Form 17,UTN,New TDS rules PRESS RELEASE New Delhi dated 30th June 2009 The Central Board of Direct Taxes have further decided that the Notification No. 31 of 2009 dated 25.3.2009 amending or substituting Rules 30, 31, 31A and 31AA of the Income Tax Rules, 1962 shall be kept in abeyance for the time being. Taxpayers filing their income tax returns for assessment year (AY)

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Technorati Tags: VAT 1507/CR-53/Taxation-1 Dt.01.06.09,Contract with land , Rule 58 of MVAT FINANCE DEPARTMENT, Mantralaya, Mumbai 400 032, dated the 1st June 2009 NOTIFICATION Maharashtra Value Added Tax Act, 2002. No. VAT-1507/CR-53/Taxation-1.- Whereas the Government of Maharashtra is satisfied that circumstances exist which render it necessary to take immediate action

CA. Vinod Dasanihttp://www.blogger.com/profile/03720355147450580805noreply@blogger.com0tag:blogger.com,1999:blog-221521436658560584.post-41180031487669175272009-05-29T10:12:00.001+05:302009-05-29T10:12:13.229+05:30

Technorati Tags: SEZ,Special Economic Zone,limit of 5000 hectares 29 May 2009, 0125 hrs IST, Amiti Sen, ET Bureau NEW DELHI: The government has decided not to apply an area limit of 5,000 hectares for special economic zones (SEZs) if two or more such zones are merged, clearing the way for big SEZs in the country. In an amendment to the SEZ rules, the government has also allowed developers

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Technorati Tags: Climate Change bill,CDM,US on Climate Change,Obama's eyes on Copenhagen WASHINGTON, May 21 (Reuters) - President Barack Obama's fight against global warming got a huge boost on Thursday when a key congressional panel embraced his plan to create a new, market-driven system for reducing greenhouse gas emissions. The House of Representatives Energy and Commerce Committee, with a

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Technorati Tags: Circular No. 03/2009,dated 21/5/2009,New Income Tax (IT) Return forms,AY 2009-10 NEW RETURN FORMS FOR ASSESSMENT YEAR 2009-10 MATTERS CONNECTED THERETO CIRCULAR NO. 03 / 2009, DATED 21-5-2009 The Central Board of Direct Taxes have, vide notification S.O. No.866 (E) dated 27th, March, notified the following new forms for Assessment Year 2009-10 :- (i) ITR-1 return of income

CA. Vinod Dasanihttp://www.blogger.com/profile/03720355147450580805noreply@blogger.com0tag:blogger.com,1999:blog-221521436658560584.post-76761935031390784302009-05-22T10:45:00.001+05:302009-05-22T10:45:48.678+05:30

Technorati Tags: Circular No. 2/2009,dated 21/5/2009,New TDS & TCS Payment,Notification No. 858(E) NEW TDS AND TCS PAYMENT AND INFORMATION REPORTING SYSTEM- NOTIFICATION NO. 858(E), DATED 25th MARCH, 2009 PUBLISHED IN OFFICIAL GAZETTE CIRCULAR NO. 02 / 2009, DATED 21-5-2009 The Finance Act, 2008 inserted a new sub-section (1A) in section 143 of the Income-tax Act, 1961 empowering the Board

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Technorati Tags: TDS provisions delayed,Form No. 17 postponed Press release No.402/92/2006-MC (11 of 2009) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE The Central Board of Direct Taxes have decided to defer the implementation of Notification No.31/2009 dated 25.3.2009 amending or substituting Rules 30, 31, 31A and 31AA

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5th May, 2009 Mr. S.S.N. Moorthy, Chairman Central Board of Direct Taxes Department of Revenue Ministry of Finance Government of India North Block New Delhi – 110 001 Respected Sir, Sub: Clarification regarding new Form No.17 The Income-tax Rules relating to time and mode of payment to Government account of - (1) tax deducted at source; or (2) tax paid under Chapter

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Date of efiling MVAT Returns extended up to 10th May 2009 Trade Cir. No. 16 T of 2009 No.VAT/VAT Ret/ Mumbai, Dt.30.04.2009 Sub: Relaxation of the due date for the uploading of e returns for the period ending March 2009 Ref: Trade Circular No 16T of 2008 dated 23-4-2008. Gentlemen/Sir/Madam, 1. The due date for filing of returns of all periodicities for the period ending March 2009

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Income-tax (Eleventh Amendment) Rules, 2009 - Amendment in New Appendix 1 \NOTIFICATION NO. 37/2009 [F.No.142/01/2009-TPL], DATED 21-4-2009 In exercise of the powers conferred by section 295 of the Income -tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules 1962. Namely:­– 1. (1) These rules may be

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Income-tax (Tenth Amendment) Rules, 2009 - Amendment in Form No. 3CDNOTIFICATION NO. 36/2009, DATED 13-4-2009In exercise of the powers conferred by section 295 read with section 44AB of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely : –1. (1) These rules may be called the

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Most Important Announcement for Audit firms of Listed Companies - (08-04-2009)Members may be aware that the Council had accepted the recommendation of Securities & Exchange Board of India (SEBI) that audit of listed companies shall be carried out by the auditors who have undergone Peer Review Process and have been issued Peer Review Certificate by the Peer Review BoardThe above decision is

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The CBDT has notified new Income Tax Forms for F.Y. 2008-09 Income Tax Forms A.Y. 2009-10. via vide notification No. 32/2009 (Income-tax 9th Amendments) Rules, 2009.New ITR Forms Form ITR 1, Form ITR 2, Form ITR 3, From ITR 4, Form ITR 5, Form ITR 6, Form ITR 7, Form ITR 8, and ITR V, will be available on Income Tax website very soon. The detail notification is as under.Notification - Income Tax

CA. Vinod Dasanihttp://www.blogger.com/profile/03720355147450580805noreply@blogger.com0tag:blogger.com,1999:blog-221521436658560584.post-92202155053224343052009-03-30T12:59:00.003+05:302009-03-30T13:03:46.248+05:30

Income-tax (Seventh Amendment) Rules, 2009 - Insertion of rule 37BBNotification No. 30/2009 [F. No. 142/19/2007-TPL]/S.O. 857(E), dated 25-3-2009In exercise of the powers conferred by section 295 read with sub-section (6) of section 195 of the Income-tax Act, 1961, the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:-1. (1)

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NOTIFICATION NO 31/2009, Dated: March 25, 2009In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:1. (1) These rules may be called the Income-tax (8th Amendment) Rules, 2009.(2) They shall come into force on the 1st day of April, 2009.2.

CA. Vinod Dasanihttp://www.blogger.com/profile/03720355147450580805noreply@blogger.com0tag:blogger.com,1999:blog-221521436658560584.post-17410650653481910702009-03-27T12:20:00.002+05:302009-03-27T12:23:22.954+05:30

8th floor, Vikrikar Bhavan,Mazgaon, Mumbai-400010.TRADE CIRCULARTo……………………………………………………No.LTR-2009/1/Adm-29/B-139 Mumbai, Dt.25.03.2009Trade Cir. No. 11 T of 2009Sub: Luxury Tax on luxuries provided in hotels from 1st May2004 to 30th April 2005.Ref: 1) Notification No.LTA-1090/179/ Taxation-2 dated 21stJanuary, 1992.2) Notification No.LTA-1090/CR-47/ Taxation-2 dated18th November, 2008Gentlemen/

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India wants to close tax loopholes on CERs: report Published: 23 Mar 2009 19:12 CET India is planning to make companies pay more in tax from sales of carbon credits. That's according to a report by the Press Trust of India, citing an unnamed official with India's finance ministry.The PTI cited a study commissioned by the government which found that 98 per cent of companies had not made tax

CA. Vinod Dasanihttp://www.blogger.com/profile/03720355147450580805noreply@blogger.com0tag:blogger.com,1999:blog-221521436658560584.post-33301989841846930812009-03-25T15:08:00.002+05:302009-03-25T15:11:54.502+05:30

Office of the Commissioner of Sales Tax,Vikrikar Bhavan, 9th Floor, E-Wing,Mazgaon, Mumbai - 400 010.Tel.No.- 022/23760957/0958Trade CircularTo,----------------------------------------,----------------------------------------,----------------------------------------,----------------------------------------.No.IMC10.09/PP/Adm-12/B- 523 Mumbai, dt.- 23.03.2009(Circular No. 10 T of 2009)Subject :-

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8th floor, Vikrikar Bhavan,Mazgaon, Mumbai-400010.TRADE CIRCULARTo……………………………………………………No.VAT/MMB-1006/152/Adm-6 Mumbai, Dt.21.03.2009Trade Cir. No. 9 T of 2009Sub: Filing of revised return as advised by the Auditor inAudit Report.Ref: Trade circular No. 26T of 2006 dated 18.9.2006.Gentlemen/Sir/Madam,Certain queries have been received from the trade andassociations, as also from departmental

CA. Vinod Dasanihttp://www.blogger.com/profile/03720355147450580805noreply@blogger.com0tag:blogger.com,1999:blog-221521436658560584.post-8160927047548179142009-03-25T10:52:00.001+05:302009-03-25T10:55:56.306+05:30

SMS BASED SERVICE FOR CHALLAN STATUSNational Securities Depository Limited (NSDL) provides CIN (ChallanIdentification Number) based view of direct tax challans to taxpayers to knowthe status of challan on its web-site. In addition to the above facility, NSDL haslaunched a Short Message Service (SMS) based facility to know the status of itschallans. The procedure for availing this facility is as

CA. Vinod Dasanihttp://www.blogger.com/profile/03720355147450580805noreply@blogger.com0tag:blogger.com,1999:blog-221521436658560584.post-56520490555744633392009-03-19T12:45:00.002+05:302009-03-19T12:48:50.571+05:30

Income-tax (Sixth Amendment) Rules, 2009 - Insertion of rule 37BA and 37-INOTIFICATION NO. 28/2009, DATED 16-3-2009In exercise of the powers conferred by section 295 read with sub-section (3) of section 199 and sub-section (4) of section 206C of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962,

CA. Vinod Dasanihttp://www.blogger.com/profile/03720355147450580805noreply@blogger.com0tag:blogger.com,1999:blog-221521436658560584.post-84366113025658713852009-03-02T11:12:00.000+05:302009-03-02T11:14:01.074+05:30

Circular No.111/05/2009-STF.No.137/307/2007-CX.4 (Pt.)Government of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Excise & Customs)*****New Delhi, dated the 24th February, 2009.Subject: Applicability of the provisions of the Export of Services Rules, 2005 in certain situationsIn terms of rule 3 (2) (a) of the Export of Services Rules 2005, a taxable service shall be treated as

CA. Vinod Dasanihttp://www.blogger.com/profile/03720355147450580805noreply@blogger.com0tag:blogger.com,1999:blog-221521436658560584.post-70594389722949469722009-03-02T11:09:00.000+05:302009-03-02T11:11:50.775+05:30

Circular No. 110/4/2009-ST.F. No. 345/ 17 /2008-TRUGovernment of IndiaMinistry of FinanceDepartment of RevenueTax Research Unit*****New Delhi, the 23rd February, 2009.Subject: Reference from Commissioner Nashik seeking clarification in respect of levy of service tax on Repair/ renovation/ widening of roads – Regarding. Representations have been received by the Board pointing out

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GOVERNMENT OF INDIAMINISTRY OF FINANCE(DEPARTMENT OF REVENUE)New Delhi, the 24th February 2009Notification No. 4/2009 - Central ExciseG.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby directs that each of the

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GOVERNMENT OF INDIAMINISTRY OF FINANCE(Department of Revenue)New Delhi, dated the 24th February, 2009Notification No. 8 /2009 – Service TaxG.S.R. (E). – In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994) (hereinafter referred to as the Finance Act), the Central Government, on being satisfied that it is necessary in the public interest so to

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Highlights of the Interim Budget 2009-All efforts made to deliver on commitments-Sustained growth over 9% in last 4 years-Per capita income grew 7.4% during UPA regime-Gross domestic savings rate at 37.7%, gross cap formation at 14.2%-Tax-GDP ratio at 12.5% in 2007-08, close to fiscal correction target-Domestic investment rate over 39% in FY08-Growth drivers - agriculture, services, manufacturing

CA. Vinod Dasanihttp://www.blogger.com/profile/03720355147450580805noreply@blogger.com0tag:blogger.com,1999:blog-221521436658560584.post-65563567731677585032009-02-13T18:40:00.000+05:302009-02-13T18:41:43.608+05:30

Speech of Shri Lalu PrasadIntroducing the Railway Budget 2009-2010 On 13th February 20091. Mr. Speaker, Sir I rise to place before the House, the Revised Estimates for 2008-09 and the estimated receipts and expenditure for 2009-10 for the Indian Railways. The estimates for 2009-10 are for the whole year, but, at present I seek from the august House, a vote on account, sufficient to cover the

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A Review of 2009 Railway Interim BudgetRailway Budget pulls the Stock Markets UpRailway Budget has given postive push to the stock markets. Lalus budget has laid stress on infrastructure and technology upgradation and this has seen several stocks gaining points, particularly of those companies which manufacture goods used by the Railways. BSEs Sensex closed 155.62 points higher at 17,806.19. It

CA. Vinod Dasanihttp://www.blogger.com/profile/03720355147450580805noreply@blogger.com0tag:blogger.com,1999:blog-221521436658560584.post-60474187555979054252009-02-09T11:21:00.001+05:302009-02-09T11:27:07.097+05:30

TRADE CIRCULARDate: 07.02.2009No.VAT-2008/ACT/Adm-9/IPS/PSI-129/B-182Trade Circular No. 8 T of 2009Sub: 1) Sanction and disbursement of Industrial Promotion Subsidy (IPS) toMega Projects and Non-Mega Projects under PSI-2001 & PSI-2007.2) Reconciliation of IPS by Sales Tax Department.3) Procedure to be followed by the Department.- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

CA. Vinod Dasanihttp://www.blogger.com/profile/03720355147450580805noreply@blogger.com0tag:blogger.com,1999:blog-221521436658560584.post-9584973544485479822009-02-07T15:54:00.000+05:302009-02-07T15:56:07.516+05:30

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY PART II, SECTION 3, SUB-SECTION (ii) ]MINISTRY OF FINANCE (Department of Revenue)(Central Board of Excise and Customs) New Delhi, the 3rd February,2009Notification No. 7/2009-ST G.S.R. …. (E). 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

CA. Vinod Dasanihttp://www.blogger.com/profile/03720355147450580805noreply@blogger.com0tag:blogger.com,1999:blog-221521436658560584.post-23377069056227959552009-02-07T15:50:00.000+05:302009-02-07T15:53:23.167+05:30

TRADE CIRCULARDated - 05.02.2009No.MVAT/Return Br. Mumbai/ Banks /Trade Circular No. 7 T of 2009Sub- Submission of copies of TIN certificate/ TIN Allotment letter/ E-services enrollment acknowledgment to the bank along with returns/ challans.Ref: Trade Circular No. 42T of 2008.Gentlemen/Sir/Madam,Vide above referred Trade Circular, the Sales Tax Department ("the S.T.D.") barred the unregistered

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Circular No. 107/01/2009 – STF.No137/23/2007-CX.4Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Excise and Customs***New Delhi, dated 28th January 2009Subject: Levy of service tax on educational institutions- regarding****************Various educational institutions impart training and conduct courses in different fields. Many of these institutions issue certificates/

CA. Vinod Dasanihttp://www.blogger.com/profile/03720355147450580805noreply@blogger.com0tag:blogger.com,1999:blog-221521436658560584.post-34869290906026282722009-02-03T19:06:00.001+05:302009-02-03T19:10:29.070+05:30

Circular No. 108/02/2009 – STF. No. 137/12/2006-CX.4Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Excise and Customs***New Delhi, dated 29th January 2009Subject: Imposition of service tax on Builders - regarding************Construction of residential complex was brought under service tax w.e.f.01.06.2005. Doubts have arisen regarding the applicability of service tax

CA. Vinod Dasanihttp://www.blogger.com/profile/03720355147450580805noreply@blogger.com0tag:blogger.com,1999:blog-221521436658560584.post-42943346667543315492009-01-30T11:07:00.001+05:302009-01-30T11:09:35.595+05:30

829, 8th floor, Vikrikar Bhavan,Mazgaon, Mumbai – 400 010.TRADE CIRCULAR.To………………………………………………No.VAT/MMB/1008/15/ADM-6 Mumbai Dt : 29.1.2009Trade Cir. 5 T of 2009Sub : Tax Treatment of Goods sent to other States.Ref : Trade Cir.16T of 2007 dated 20th February 2007.Gentlemen/Sir/Madam,This office had issued a Trade Circular dated the 20th February2007. A view had been taken in that Trade Circular

CA. Vinod Dasanihttp://www.blogger.com/profile/03720355147450580805noreply@blogger.com0tag:blogger.com,1999:blog-221521436658560584.post-13759476229839966162009-01-27T15:43:00.001+05:302009-01-27T17:25:10.405+05:30

Office of theCommissioner of Sales TaxMaharashtra State, 8th floor,Vikrikar Bhavan, Mazgaon,Mumbai 400010.Trade CircularTo....................................................................................No. VAT/U.O.R.No.105/JC(Reg.) Mumbai, dated 23.01.2009Trade Circular No. 2 T of 2009Sub.: Procedure for online submission of application [Statement of Requirement ]for the statutory forms (C/F/

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Office of theCommissioner of Sales Tax,Maharashtra State,829, 8th Floor, Vikrikar Bhavan,Mazgaon, Mumbai-400 010.TRADE CIRCULARTo……………………………….……………………………….……………………………….No. VAT/ AMD-1008/IB/ADM-06U Mumbai Dt: 23rd January, 2009Trade Cir. 3 T of 2009Sub: Submission of Audit Report for year 2007-08.Ref.:1. Government Notification No. VAT-1508/C.R.-69/ Taxation-1 dated 10th November, 2008.2. Trade

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Office of the Commissioner of Sales Tax,Maharashtra State,829, 8th Floor, Vikrikar Bhavan,Mazgaon, Mumbai-400 010.TRADE CIRCULARTo……………………………….……………………………….No. VAT/ AMD-1008/IB/ADM-06 Mumbai Dt: 23rd January, 2009Trade Cir. 4 T of 2009Sub: Enrollment for E-ServicesRef.:1. Notification No. VAT-1007/IB/ADM-6 dated 14th March, 2008.2. Trade Circular No.8T of 2008 dated 19th March, 2008.3.

CA. Vinod Dasanihttp://www.blogger.com/profile/03720355147450580805noreply@blogger.com0tag:blogger.com,1999:blog-221521436658560584.post-10473234414762986872009-01-21T18:16:00.000+05:302009-01-21T18:19:32.870+05:30

INCOME-TAX (THIRD AMENDMENT) RULES, 2009 - AMENDMENT IN NEW APPENDIX 1NOTIFICATION NO. 10/2009, DATED 19-1-2009In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:—1. (1) These rules may be called the Income-tax (Third Amendment) Rules,

CA. Vinod Dasanihttp://www.blogger.com/profile/03720355147450580805noreply@blogger.com0tag:blogger.com,1999:blog-221521436658560584.post-66591785163235373052009-01-20T12:35:00.000+05:302009-01-20T12:36:37.199+05:30

Exemption-Deduction: Export oriented unit - Export of software purchase from others November, 12th 2008 ITO vs Techdrive India (P) Ltd. Citation 2008 25 SOT 152 Exemption-Deduction: Export oriented unit - Export of software purchase from others The assessee was a 100 percent Export Oriented Unit (EOU). It exported computer software purchased from a sister concern. It was not necessary under s.10B

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IN THE INCOME TAX APPELLATE TRIBUNAL,BANGALORE BENCH ‘B’ BANGALOREITA No.248 & 249/Bang/2007(Asst. Year 2002-03 & 2003- 04)M/s I-GATE GLOBAL SOLUTIONS LTD158-162(P) & 165(P)-170(P), EPIP,Phase-II, Whitefiled, Bangalore-560006VsTHE ASST. COMMISSIONER OF INCOME TAX, CIRCLE-11(3), BANGALORE Though there is no definition of the term 'total turnover' in section 10A, there is also nothing in the said

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THE Chennai Tribunal has held that where new undertaking has been formed by making substantial investments in new plant & machinery, sizeable addition to the workforce, revenue, client and nature of service offered, it cannot be regarded as a split up of the existing unit even if it has used some of the existing infrastructure. In the relevant case the tribunal considered, the assessee company

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In a move that will significantly ease the tax burden on India’s biggest information technology companies, the government has decided to amend the law relating to tax exemption for units operating out of special economic zones (SEZs).SEZs set up by IT majors like Infosys, Wipro and Tata Consultancy Services (TCS) under the parent companies will soon be able to enjoy 100% tax exemption on profits

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ITAT, LUCKNOW BENCH `B’, LUCKNOWKrishna Mohan Agrawal v ITO , Appeal No.: ITA No. 811/Luc/05, Dated : November 7, 2008Merely because assessee has been able to file documents showing the form of the transactions such as affidavits, deeds, statements and transactions of gift through banking channels, it cannot be said that in substance, the gifts are acceptable; for a gift to be genuine,

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Noticing instances of non-remittance of Tax Deducted at Source (TDS), the Income Tax department on Thursday said that any failure to remit the tax would attract serious consequences including prosecution.The stipulated dates in respect of tax deducted to be remitted to central government were - “if deduction is by or on behalf of government, it should be paid on the same day. If it is credited/

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FAQ's on FILING OF MVAT E-RETURNS :1. What is an e-return? The return filed electronically on the website of the Sales Tax Department www.mahavat.gov.in2. Which return form is to be used for e-return? New return forms Form 231, 232, 233, 234, 235 & CST Form III (E) are to be used.3. Where are these forms available? These forms are available as templates on the website of the Department

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e-TAX PaymentQ. What is e-payment of taxes?A. This is a facility provided to the taxpayers to make income tax payments through internet, using net-banking facility.Q. How can I use this facility to pay income tax?A. You can use the facility if - a) You have a bank account with net-banking facility, and b) Your bank is amongst the banks that provide the e- payment facility.Q. Whether it is

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INCOME-TAX (FIRST AMENDMENT) RULES, 2009 - Insertion OF RULE 40ENOTIFICATION NO. 1/2009, DATED 5-1-2009In exercise of the powers conferred by section 295 read with sub-clause (iii) of clause (B) of sub-section (2) of section 115WB of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely :1. (i)

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There may be chances that as a Tally user you have upgraded from some lower release to upper release. As Tally 9 rel 3 beta is upgraded from rel. 2.14 or lower you may get circumstances that you need to downgrade to earlier releases. The reason of downgrade may be various and it can vary from release to release.You have upgraded to higher release just because of you have got the latest release in

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TRADE CIRCULARNo. VAT/ AMD-1007/ IB/ ADM-6 Dt. 12.01.2009(Trade Cir. No.- 1 T of 2009) Sub: Mandatory Filing of Electronic Returns. Ref.: 1. Notification No. VAT-1007/IB/ADM- dated 14th March, 2008. 2. Trade Circular No.8T of 2008 dated 19th March, 2008.

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SOURCE - www.taxmann.netScrutiny of 2007-08 returns to take place in current fiscal In a major departure from the usual practice, the Central Board of Direct Taxes (CBDT) has issued directions that scrutiny of the self-assessment returns filed by September 30, 2008 for the financial year 2007-08 will be taken up in the current fiscal.Fall in tax revenues and failure of many companies to pay their

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TRADE CIRCULARTo……………………………….……………………………No.VAT/ AMD-1008/IB/ADM-06 Mumbai Dt : 18.12.2008Trade Cir.41 T of 2008Sub: Submission of Audit Report in New Form-704.Ref.: 1. Government Notification No. VAT-1508/C.R.-69/ Taxation-1 dated 10th November, 2008.2. Trade Circular 39 T of 2008 No. VAT/ AMD-1008/IB/ADM-06 dated 15th November, 2008.

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FINANCE DEPARTMENTMantralaya, Mumbai 400 032, dated the 27th November 2008NOTIFICATIONMAHARASHTRA VALUE ADDED TAX ACT, 2002.No. VAT.1508/CR-5/Taxation-1 - In exercise of the powers conferred by sub-entry (8) of Entry 107 of schedule C appended to the Maharashtra Value Added Tax Act, 2002 [Mah IX of 2005], the Government of Maharashtra hereby amends the Government Notification, Finance Department,

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FINANCE DEPARTMENTMantralaya, Mumbai 400 032, dated the 27th November 2008NOTIFICATIONMAHARASHTRA VALUE ADDED TAX ACT, 2002. No. VAT.1507/CR-55/Taxation-1.- In exercise of the powers conferred by sub-section (1) of section 42 of the Maharashtra Value Added Tax Act, 2002 [Mah IX of 2005], the Government of Maharashtra hereby amends the Government Notification, Finance Department, No.

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Monday, January 05, 2009Ministry of FinanceSERVICE TAX EXEMPTION ON CERTAIN GTA SERVICESGovernment has fully exempted certain taxable services from service tax, provided to a goods transport agency (GTA) by their sub-contractors. A notification, No.1/2009–Service Tax, to this effect was issued by the Department of Revenue, Ministry of Finance, here today. These services are generally used by the

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Government notifies conditions for pre-paid meal cards for the purpose of FBTAs per section 115WB(2)(B)(iii), inserted from the assessment year 2009-10, hospitality expenditure for the purpose of levy of FBT, does not include any expenditure on or payment through non-transferable pre-paid electronic meal card usable only at eating joints or outlets and which fulfils other prescribed conditions.

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Just 120 days to get emails for e-filing mistakes from RoC-15th February 2008 onwards, Companies Regulation 2008 says soYour document may render "invalid" or "defective" and fresh filing with additional fees is the only option, so care for e-mails!!!Companies Regulations, 1957readwithCompanies (Amendment) Regulations, 2008Erstwhile Regulation 17 (1) The Registrar shall examine, or cause to be

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