Fwd: UPDATES FROM TAX GURU (in this message: 7 new items)

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From: LEGAL & FINANCIAL UPDATES FROM TAX GURU <info@taxguru.in>
Date: Sun, Jan 24, 2010 at 9:38 AM
Subject: UPDATES FROM TAX GURU (in this message: 7 new items)
To: palashbiswaskl@gmail.com

UPDATES FROM TAX GURU (in this message: 7 new items)

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• Income tax refunds may get delayed by a fortnight
• Excise Duty Circular on Substantial Expansion by way of increase in installed capacity for the units availing area based exemption
• Financial Inclusion-Series 1
• Date for MVAT audit in form 704 in Maharashtra extended?
• Do promoters know something that you don't?
• CBI alleged involvement of I-T officials and the NSDL staff in fraudulent I-T refund scam
• Ca student ended her life, she feared that she hadn't done well in her examination

Income tax refunds may get delayed by a fortnight Posted: 23 Jan 2010 09:16 AM PST Income tax refunds may get delayed for a fortnight, following a complete revamp of security buffers in the computer software system of tax departments across the country, after the discovery last week that someone had hacked into an account and made... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]

Excise Duty Circular on Substantial Expansion by way of increase in installed capacity for the units availing area based exemption Posted: 23 Jan 2010 07:30 AM PST Area based exemption is available to the units in the specified areas in the North-East region, Jammu & Kashmir, Himachal Pradesh and Uttarakhand under different notifications. The exemption is applicable to the new industrial units set up... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]

Financial Inclusion-Series 1 Posted: 23 Jan 2010 05:33 AM PST INCLUSIVE GROWTH is the word which is often heard and understood less by majority. I will not get into complex explanations of the above word meaning. In simple words Inclusive Growth by its very definition implies an equitable allocation of... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]

Date for MVAT audit in form 704 in Maharashtra extended? Posted: 23 Jan 2010 02:42 AM PST On 22/01/10 the Hon. Finance Minister Mr. Sunil Tatkare has announced at the time of bhoomipujan ceremony of proposed building of sales tax office of Ratnagiri that MVAT Audit date is extended by 2 months. This announcement was made in the presence... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]

Do promoters know something that you don't? Posted: 23 Jan 2010 02:28 AM PST The higher the promoter stake in a company the more faith he has in the business. That is how the general belief goes. The same obviously holds true for the reverse as well. And this (lower promoter stake) is definitely something investors would not... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]

CBI alleged involvement of I-T officials and the NSDL staff in fraudulent I-T refund scam Posted: 23 Jan 2010 02:20 AM PST The CBI, investigating the fraudulent I-T refund scam, held a series of meetings with IT officials on Friday. CBI officials said the fraud, in which over Rs 3 crore was transferred into several bank accounts and withdrawn by four key perpetrators,... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]

Ca student ended her life, she feared that she hadn't done well in her examination Posted: 23 Jan 2010 02:17 AM PST The 18-year-old Matunga resident, who ended her life last week, took the drastic step as she feared that she hadn't done well in her chartered accountancy examination. Parents of Shivani Seth, who jumped to death from the fifth floor of her building... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]

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Palash Biswas
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