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Tax Guru
http://taxguru.in
This site contains recent circular, Notification, press release from Income Tax department,Income Tax Forms in Excel Format and Articles on Income Tax which Includes Appeal Filing, TDS, PAN, ITR, Etc.
Recent Posts
Class Action Lawsuit
Class Action lawsuits have recently made to the front page news, more particularly in western countries. The reason being the sudden fall (bankruptcy) of financial industry giants like Freddie Mac, Wachovia, AIG to name a few and the consequent... [...
Government set to announce norms for taxation of fringe benefits taxable in the hands of employees
Employees enjoying perks such as chauffeur-driven cars, rent-free accommodation, club memberships, credit cards and meal vouchers could find the next four months a little too harsh on their wallets as they may have to cough up the entire annual tax.....
No ceiling for managerial remuneration in Companies Law Bill 2009
The new Bill, which is likely to come up in the Budget session in 2010, proposes no cap on the remuneration of CEOs, letting the shareholders decide the issue. Thanks to the Companies Law Bill 2009, the expression ‘shareholders’ democracy’ is.....
RBI circular on provisioning Requirement for Standard Assets (05.11.2009)
In view of large increase in credit to the Commercial Real Estate (CRE) sector over the last one year and the extent of restructured advances in this sector, it would be prudent to build cushion against likely non-performing assets (NPAs).... [[ Th...
SC will examine the issue of taxability of professional fees received by foreign law firms from Indian companies
The Supreme Court has decided to examine the issue of whether foreign law firms charging professional fees from Indian companies and businessmen are liable to pay income tax in the country. A bench headed by Justice S H Kapadia has issued notices to....
Income tax department considering publishing the names of tax defaulters
Tax defaulters beware. The income tax department is considering publishing the names of habitual tax defaulters with large tax demands pending. According to official sources, the department is planning to compile a list of all cases, where there is....


Good Morning MCA
Posted: March 27th, 2009 | Report This Comment