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Wednesday, September 28, 2011

Fwd: TaxGuru : “Income Tax deduction on your children’s education u/s. 80C and 80E of the Income Tax Act, 1961” plus 15 more



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From: TaxGuru.in - Daily Tax and Corporate Law Update <info@taxguru.in>
Date: Wed, Sep 28, 2011 at 9:51 AM
Subject: TaxGuru : "Income Tax deduction on your children's education u/s. 80C and 80E of the Income Tax Act, 1961" plus 15 more
To: palashbiswaskl@gmail.com


TaxGuru : "Income Tax deduction on your children's education u/s. 80C and 80E of the Income Tax Act, 1961" plus 15 more

Link to TaxGuru.in - Daily Tax and Corporate Law Update

Income Tax deduction on your children's education u/s. 80C and 80E of the Income Tax Act, 1961

Posted: 27 Sep 2011 08:10 PM PDT

The cost of educating our children is rising consistently. It's a matter of concern for all of us. One relief is the tax benefit provided for spending on children's education. The Income Tax Act provides a direct deduction on account of fees paid...

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Meaning, Formation, Taxation, Membership and Partition of HUF

Posted: 27 Sep 2011 08:08 PM PDT

The Hindu Undivided Family can best be defined as a family that consists of a common ancestor and all his lineal male descendants and their wives and unmarried daughters. The Hindu Undivided Family (HUF) cannot be created by acts of any party. The...

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Use of section 144A of the Income Tax Act 1961

Posted: 27 Sep 2011 08:03 PM PDT

Assessments under Income Tax Act 1961 are made U/S 143, 144, 147, 153. The criteria's for selection of cases for scrutiny has been increased. While making the assessment the assessing officer has to appreciate all the facts properly. If there is any...

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Notice for assessment or reassessment U/S 148 of the Income Tax Act, 1961

Posted: 27 Sep 2011 08:03 PM PDT

The power of assessment or reassessment of any income chargeable to tax that have escaped assessment has been provided under section 147 r w s 148 of Income Tax Act of 1961. If the assessing officer has the reason to believe that any income...

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Survey under section 133A of income tax act 1961

Posted: 27 Sep 2011 07:58 PM PDT

Survey in a wider sense means to scrutinize or to inspect. The power of survey under the Income tax Act has been provided U/S 133A and 133B. The provisions contained in section 133A are independent and to the exclusion of the other provisions of the...

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SEBI – Disclosure of Price Information of past issues handled by Merchant Bankers

Posted: 27 Sep 2011 07:54 PM PDT

Schedule VI, Form A, para (16) of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 provides that 'Price Information of Past Issues handled by Merchant Bankers (who are responsible for pricing this issue)' should be enclosed...

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SEBI – Contents of Application-Cum-Bidding Form and Manner of disclosure

Posted: 27 Sep 2011 07:49 PM PDT

SEBI has reviewed the structure, design, format, contents and order of information of Application-Cum-Bidding-Form to make it investor friendly and also to ensure uniformity in bidding and accuracy. The form has been standardized and it has been...

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RBI issues Draft Revised Guidelines on Securitisation Transactions

Posted: 27 Sep 2011 07:37 PM PDT

In the light of developments in the domestic and international financial markets, Reserve Bank had reviewed the extant guidelines on securitisation of standard assets and placed the draft guidelines on minimum lock-in period/Minimum Holding Period...

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Monetary Policy Dilemmas – Some RBI Perspectives

Posted: 27 Sep 2011 07:22 PM PDT

India recovered from the crisis sooner than even other emerging economies, but inflation too caught up with us sooner than elsewhere. Inflation, as measured by the wholesale price index (WPI), which actually went into negative territory for a brief...

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Attempt to defraud using fake bank guarantee-modus operandi

Posted: 27 Sep 2011 07:17 PM PDT

Instances of fraud have been brought to the notice of the RBI wherein Bank Guarantees (BGs) purportedly issued by a couple of bank branches in favour of different entities were presented for confirmation by other commercial banks/individuals...

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External Commercial Borrowings (ECB) in Renminbi (RMB)

Posted: 27 Sep 2011 07:15 PM PDT

A.P. (DIR Series) Circular No. 30 Considering the specific needs of the infrastructure sector, the existing ECB policy has been reviewed in consultation with the Government of India and it has been decided to allow Indian companies which are in the...

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Applicability of service tax on taxable services provided by a non-resident or a person located outside India to a recipient in India

Posted: 27 Sep 2011 06:45 PM PDT

Kind attention is invited to instruction F No. 275/7/2010-CX-8A, dated 30-6-2010, wherein the Board had communicated its view that services tax on a taxable service received in India, when provided by a non-resident/person located outside India,...

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IRCS to Get benefits under Income Tax Act

Posted: 27 Sep 2011 06:23 PM PDT

The Union Health Minister and Chairman of Indian Red Cross Society and St John Ambulance (India), Shri Ghulam Nabi Azad today presided over the General Body meeting of the two organizations on behalf of the President of India Smt. Pratibha Devisingh...

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Deloitte sued for $7.6 billion, accused of missing fraud

Posted: 27 Sep 2011 06:18 PM PDT

(Reuters) Deloitte Touche Tohmatsu Ltd , the world's largest accounting and consulting firm, was accused on Monday of failing to detect fraud during its audits of one of the biggest private mortgage firms to collapse during the U.S. housing...

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Registrar shall not keep any document pending for approval and registration or for taking on record or for rejection or otherwise for more than sixty days

Posted: 25 Sep 2011 09:13 PM PDT

Except as otherwise provided in the Act, the Registrar shall not keep any document pending for approval and registration or for taking on record or for rejection or otherwise for more than sixty days, from the date of its filing excluding the cases...

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MCA – Revision in Form No. 5 with effect from the 25th September, 2011

Posted: 25 Sep 2011 09:01 PM PDT

These rules may be called the Companies (Central Government's) General Rules and Forms (Amendment) Rules 2011. (2) These rules shall come into force with effect from the 25th September, 2011. 2. In the Companies (Central Government's) General Rules...

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--
Palash Biswas
Pl Read:
http://nandigramunited-banga.blogspot.com/

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