Fwd: TaxGuru.in : Legal & Tax Updates

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From: LEGAL & FINANCIAL UPDATES FROM TAX GURU <info@taxguru.in>
Date: Tue, Sep 7, 2010 at 10:01 AM
Subject: TaxGuru.in : Legal & Tax Updates
To: palashbiswaskl@gmail.com

TaxGuru.in : Legal & Tax Updates

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• GST roll-out may miss April 2011 target: Pranab
• Direct Taxes Code proposes to reduce penalties
• Your mortgage record is under watch, Cibil launches Mortgage Check
• Direct taxes code restrain PSU and IT department from taking their disputes beyond a certain level
• GST may miss April 2011 deadline
• Direct tax collections from Mumbai to be monitored: FM
• Announcement Relating to Study Material for PCC and Final (Old) Students

GST roll-out may miss April 2011 target: Pranab Posted: 06 Sep 2010 08:00 PM PDT It is official now. The country may miss the April 1, 2011 deadline for adopting a dual goods and services tax (GST) system.The Finance Minister, Mr Pranab Mukherjee, has now conceded that it may not be possible to introduce GST from April 1 next... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Direct Taxes Code proposes to reduce penalties Posted: 06 Sep 2010 07:49 PM PDT While the tax burden for an average taxpayer will lighten marginally, for tax evaders the Direct Taxes Code proposes to reduce penalties substantially. The DTC Bill, tabled in Parliament on Monday, proposes that anyone under-reporting their tax base... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Your mortgage record is under watch, Cibil launches Mortgage Check Posted: 03 Sep 2010 04:03 AM PDT Fraudulent home loan seekers and habitual defaulters will have a tough time now as lenders have a ready pool of information available on them, with the launch of the country''s first electronic centralised database of mortgage information called... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Direct taxes code restrain PSU and IT department from taking their disputes beyond a certain level Posted: 02 Sep 2010 10:27 PM PDT The new direct taxes code has provisions to restrain public sector undertakings and the tax department from taking their disputes beyond a certain level, a move aimed at curbing wasteful litigation. [[ This is a content summary only. Visit www.taxguru.in for full article ]]

GST may miss April 2011 deadline Posted: 02 Sep 2010 02:27 PM PDT It is official now. The country may miss the April 1, 2011 deadline for adopting a dual goods and services tax (GST) system. The Finance Minister, Mr Pranab Mukherjee, has now conceded that it may not be possible to introduce GST from April 1 next... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Direct tax collections from Mumbai to be monitored: FM Posted: 02 Sep 2010 02:14 PM PDT Finance Minister Pranab Mukherjee asked on Wednesday commissioners of the income tax departmentand customs to focus on low growth in service tax, the high level of arrears and amounts locked in litigation and adjudication. [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Announcement Relating to Study Material for PCC and Final (Old) Students Posted: 02 Sep 2010 01:35 PM PDT The PCC students are advised to follow the study materials for IPCC (along with practice manuals) for the following subjects, since in these subjects, the PCC syllabus is the same as that of IPCC – [[ This is a content summary only. Visit www.taxguru.in for full article ]]

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Palash Biswas
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