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	<title>INDIAN TAX NEWS &#187; admin</title>
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	<link>http://taxclubindia.com/NEWS</link>
	<description>INDIAN TAX NEWS,know latest Tax news,notification,circulars,Forms,tax rates,challan forms,direct tax code,know your pan ,tan,etds return,mca21,income tax return,cost inflation index</description>
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		<title>TDS RATES 10-11 TDS RATE CHART 10-11 TCS RATE CHART INCOME TAX RATES  SIMPLE TAX INDIA-TDS RATE INCOME TAX RETURN ITR 1-8</title>
		<link>http://taxclubindia.com/NEWS/2010/06/tds-rates-10-11-tds-rate-chart-10-11-tcs-rate-chart-income-tax-rates-simple-tax-india-tds-rate-income-tax-return-itr-1-8/</link>
		<comments>http://taxclubindia.com/NEWS/2010/06/tds-rates-10-11-tds-rate-chart-10-11-tcs-rate-chart-income-tax-rates-simple-tax-india-tds-rate-income-tax-return-itr-1-8/#comments</comments>
		<pubDate>Sun, 20 Jun 2010 05:37:07 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[INCOME TAX]]></category>
		<category><![CDATA[TDS]]></category>

		<guid isPermaLink="false">http://taxclubindia.com/NEWS/?p=336</guid>
		<description><![CDATA[TDS RATES 10-11 TDS RATE CHART 10-11 TCS RATE CHART INCOME TAX RATES  SIMPLE TAX INDIA-TDS RATE INCOME TAX RETURN ITR 1-8. [...]Related Posts:TDS RATES 2009-10 CHANGES IN TDS RATESSTIMULUS ENDS IN 2010, TAXES WILL GO UPCopyright registration process flow chartDirect Taxes Code-Salient FeaturesTax Collection at Source (TCS):BIRD VIEWnumber of view: 306]]></description>
		<wfw:commentRss>http://taxclubindia.com/NEWS/2010/06/tds-rates-10-11-tds-rate-chart-10-11-tcs-rate-chart-income-tax-rates-simple-tax-india-tds-rate-income-tax-return-itr-1-8/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>LOT SIZES FOR EQUITY DERIVATIVES CONTRACTS</title>
		<link>http://taxclubindia.com/NEWS/2009/11/lot-sizes-for-equity-derivatives-contracts/</link>
		<comments>http://taxclubindia.com/NEWS/2009/11/lot-sizes-for-equity-derivatives-contracts/#comments</comments>
		<pubDate>Sun, 01 Nov 2009 08:58:08 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[INCOME TAX]]></category>
		<category><![CDATA[F&O]]></category>
		<category><![CDATA[FUTURE AND OPTION]]></category>
		<category><![CDATA[NSE]]></category>

		<guid isPermaLink="false">http://taxclubindia.com/NEWS/?p=334</guid>
		<description><![CDATA[The Securities and Exchange Board of India (SEBI) is planning to introduce lot sizes for equity derivatives contracts, based on the price range of the underlying stock. This will allow exchanges the freedom to decide on the lot size, and also spare SEBI the trouble of micro-management.

Lot size is the number of underlying shares that form a equity futures or equity option contract. It is determined by the exchan [...]Related Posts:WORKS CONTRACT: HIGHWAY DEVELOPERS FEEL BUDGET BLOWInsurance claims may be taxable under new Direct Tax codeMF AGENTS MUST DISCLOSE FEES: SEBIULIP RENEWAL TIDE AGAINST TREND, PREMIUM COLLECTION JUMPS 44 PERCENTAllowability of exemption under section 54EC and transfer datenumber of view: 743]]></description>
		<wfw:commentRss>http://taxclubindia.com/NEWS/2009/11/lot-sizes-for-equity-derivatives-contracts/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Allowability of exemption under section 54EC and transfer date</title>
		<link>http://taxclubindia.com/NEWS/2009/10/329/</link>
		<comments>http://taxclubindia.com/NEWS/2009/10/329/#comments</comments>
		<pubDate>Fri, 09 Oct 2009 15:07:17 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[INCOME TAX]]></category>
		<category><![CDATA[54EC]]></category>
		<category><![CDATA[capital gain]]></category>
		<category><![CDATA[transfer of house]]></category>

		<guid isPermaLink="false">http://taxclubindia.com/NEWS/?p=329</guid>
		<description><![CDATA[Allowability of exemption under section 54EC of IT Act, 1961
When there is no bar to take possession by an agreement and transfer can be treated to have taken place on the basis of an agreement and advance payments deposited in specified bonds as required under section 54EC, simply because the sale deed was executed later on, the assessee cannot be charged with default of violation of the provision of section 54EC [...]Related Posts:Wealth Tax:BIRD VIEWWORKS CONTRACT: HIGHWAY DEVELOPERS FEEL BUDGET BLOWTax Deduction at Source (TDS)-Bird viewFAQ ON FORM 26AS(VIEW TAXES ONLINE)Genuineness of a gift transactionnumber of view: 1190]]></description>
		<wfw:commentRss>http://taxclubindia.com/NEWS/2009/10/329/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Per second billing to be one of the options: TRAI</title>
		<link>http://taxclubindia.com/NEWS/2009/10/per-second-billing-to-be-one-of-the-options-trai/</link>
		<comments>http://taxclubindia.com/NEWS/2009/10/per-second-billing-to-be-one-of-the-options-trai/#comments</comments>
		<pubDate>Thu, 08 Oct 2009 17:21:51 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[finance]]></category>
		<category><![CDATA[bharti telecom]]></category>
		<category><![CDATA[equity]]></category>
		<category><![CDATA[idea]]></category>
		<category><![CDATA[per second billing]]></category>
		<category><![CDATA[rcom]]></category>
		<category><![CDATA[vodapfone]]></category>

		<guid isPermaLink="false">http://taxclubindia.com/NEWS/?p=332</guid>
		<description><![CDATA[NEW DELHI: Telecom regulator TRAI today said that operators will have to provide an optional tariff of per second call along with other packages 
"Per second billing will be one of the options that (telecom) service providers have to provide," Telecom Regulatory Authority of India Chairman J S Sarma told reporters when asked about the reactions from operators on the suggestions for per second billing. 

"Current [...]Related Posts:ULIP RENEWAL TIDE AGAINST TREND, PREMIUM COLLECTION JUMPS 44 PERCENTHealth Insurance policies in India &#8211; An OverviewDEDUCTING TDS FROM HOSPITAL BILLS MUST FOR TPAsMF AGENTS MUST DISCLOSE FEES: SEBIBUSINESSES WILL GAIN FROM UNIQUE ID PROJECTnumber of view: 1057]]></description>
		<wfw:commentRss>http://taxclubindia.com/NEWS/2009/10/per-second-billing-to-be-one-of-the-options-trai/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Genuineness of a gift transaction</title>
		<link>http://taxclubindia.com/NEWS/2009/10/genuineness-of-a-gift-transaction/</link>
		<comments>http://taxclubindia.com/NEWS/2009/10/genuineness-of-a-gift-transaction/#comments</comments>
		<pubDate>Thu, 08 Oct 2009 15:02:44 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[INCOME TAX]]></category>

		<guid isPermaLink="false">http://taxclubindia.com/NEWS/?p=326</guid>
		<description><![CDATA[The adverse facts inter alia that the donor has no house, no telephone number, no fixed deposit and no other immovable assets are not so material to hold the gift not a genuine one or sources thereof unsatisfactory so long as the immediate source of the gift is admittedly established to be from a third party.

ITAT, AGRA BENCH, AGRA (THIRD MEMBER)
Shri Avnish Kumar Singh v. ITO
ITA No. 204/Ag/2006
April 30, 20 [...]Related Posts:Allowability of exemption under section 54EC and transfer dateWealth Tax:BIRD VIEWTax Deduction at Source (TDS)-Bird viewService Tax on construction of canals by Government agencies:Not applicableINTEREST ON ERRONEOUSLY AVAILED CENVAT CREDITSnumber of view: 712]]></description>
		<wfw:commentRss>http://taxclubindia.com/NEWS/2009/10/genuineness-of-a-gift-transaction/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Extension of date of filing of the tax audit report under section 44AB as well as filing of returns in the State of Maharashtra</title>
		<link>http://taxclubindia.com/NEWS/2009/10/extension-of-date-of-filing-of-the-tax-audit-report-under-section-44ab-as-well-as-filing-of-returns-in-the-state-of-maharashtra/</link>
		<comments>http://taxclubindia.com/NEWS/2009/10/extension-of-date-of-filing-of-the-tax-audit-report-under-section-44ab-as-well-as-filing-of-returns-in-the-state-of-maharashtra/#comments</comments>
		<pubDate>Thu, 08 Oct 2009 14:57:03 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[INCOME TAX]]></category>
		<category><![CDATA[due date]]></category>
		<category><![CDATA[tax audit]]></category>

		<guid isPermaLink="false">http://taxclubindia.com/NEWS/?p=324</guid>
		<description><![CDATA[Order under section 119 of the Income tax Act, 1961 - Extension of date of filing of the tax audit report under section 44AB as well as filing of returns in the State of Maharashtra

 

Notification F.No. 225/163/2009-ITA.II, dated 29-9-2009

 

On consideration of the reports of local disturbances caused due to Swine Flu and riots in the Pune, Satara, Kolhapur and Sangli Districts of Maharashtra, the Centr [...]Related Posts:UTN not mandatory for filing Income Tax Return of AY 2009-10Systems Audit of Mutual FundsAmendment in Electronic Furnishing of Return of Income Scheme, 2007Extension of time limit for filing ITR-V formFiling Belated (late) Income Tax Returnsnumber of view: 2088]]></description>
		<wfw:commentRss>http://taxclubindia.com/NEWS/2009/10/extension-of-date-of-filing-of-the-tax-audit-report-under-section-44ab-as-well-as-filing-of-returns-in-the-state-of-maharashtra/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>WORKS CONTRACT: HIGHWAY DEVELOPERS FEEL BUDGET BLOW</title>
		<link>http://taxclubindia.com/NEWS/2009/10/works-contract-highway-developers-feel-budget-blow/</link>
		<comments>http://taxclubindia.com/NEWS/2009/10/works-contract-highway-developers-feel-budget-blow/#comments</comments>
		<pubDate>Thu, 08 Oct 2009 03:22:54 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[INCOME TAX]]></category>
		<category><![CDATA[80IA]]></category>
		<category><![CDATA[WORK CONTRACT]]></category>

		<guid isPermaLink="false">http://taxclubindia.com/NEWS/?p=319</guid>
		<description><![CDATA[Highway contractors are feeling the heat of a Union Budget move that has taken away the benefit of a 10-year tax-break for all road projects undertaken as work contracts. The move is considered particularly harsh because the tax breaks have been withdrawn with retrospective effect from April 1, 2000. The matter was recently taken up at an inter-ministerial meeting of the Highways Ministry with officials from the Fi [...]Related Posts:Service Tax on construction of canals by Government agencies:Not applicableLOT SIZES FOR EQUITY DERIVATIVES CONTRACTSSTIMULUS ENDS IN 2010, TAXES WILL GO UPAudit watchdogs may get more service swayAllowability of exemption under section 54EC and transfer datenumber of view: 769]]></description>
		<wfw:commentRss>http://taxclubindia.com/NEWS/2009/10/works-contract-highway-developers-feel-budget-blow/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>INTEREST ON ERRONEOUSLY AVAILED CENVAT CREDITS</title>
		<link>http://taxclubindia.com/NEWS/2009/10/interest-on-erroneously-availed-cenvat-credits/</link>
		<comments>http://taxclubindia.com/NEWS/2009/10/interest-on-erroneously-availed-cenvat-credits/#comments</comments>
		<pubDate>Thu, 08 Oct 2009 02:49:22 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[EXCISE]]></category>
		<category><![CDATA[erroneous or incorrect availment of input tax credits INTEREST]]></category>
		<category><![CDATA[INPUT TAX CREDIT]]></category>

		<guid isPermaLink="false">http://taxclubindia.com/NEWS/?p=317</guid>
		<description><![CDATA[There have been two recent developments in regard to interest liability in cases of erroneously availed CENVAT credits on inputs. The question of law is whether in terms of the CENVAT Credit Rules 2004 (the Rules), the liability to interest is triggered upon the erroneous or incorrect availment of input tax credits or whether such liability is only applicable where such erroneously availed CENVAT credits are utilis [...]Related Posts:HC PUTS SOFTWARE FROM GLOBAL VENDORS IN TDS NETBenefit of reduced penalty under provisos to Section 11AC &#8211; whether also available at appeal stageTax Deduction at Source (TDS)-Bird viewAcquisition/Transfer of NBFC accepting deposit :RBI approval requiredDEDUCTING TDS FROM HOSPITAL BILLS MUST FOR TPAsnumber of view: 1017]]></description>
		<wfw:commentRss>http://taxclubindia.com/NEWS/2009/10/interest-on-erroneously-availed-cenvat-credits/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>NO MAILS FOR REFUNDS ISSUED FROM INCOME TAX DEPARTMENT</title>
		<link>http://taxclubindia.com/NEWS/2009/10/no-mails-for-refunds-issued-from-income-tax-department/</link>
		<comments>http://taxclubindia.com/NEWS/2009/10/no-mails-for-refunds-issued-from-income-tax-department/#comments</comments>
		<pubDate>Wed, 07 Oct 2009 16:19:08 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[INCOME TAX]]></category>

		<guid isPermaLink="false">http://taxclubindia.com/NEWS/?p=322</guid>
		<description><![CDATA[Press Information Bureau 
Government of India 

Tuesday, October 06, 2009 
Ministry of Finance 

NO MAILS FOR REFUNDS ISSUED FROM INCOME TAX DEPARTMENT
____________ _________ _________ __

18:14 IST 


Information has been received from several quarters that people are receiving electronic mails informing them of their income-tax refunds and seeking their credit card details. The e-mail is sent from the [...]Related Posts:Refund delayed in case of online return filingFAQ ON FORM 26AS(VIEW TAXES ONLINE)BUSINESSES WILL GAIN FROM UNIQUE ID PROJECTAmendment in Electronic Furnishing of Return of Income Scheme, 2007Advance tax collections up threefold in second quarternumber of view: 849]]></description>
		<wfw:commentRss>http://taxclubindia.com/NEWS/2009/10/no-mails-for-refunds-issued-from-income-tax-department/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>SINGLE AUTHORITY FOR AUDITING, ACCOUNTING STANDARDS SOON</title>
		<link>http://taxclubindia.com/NEWS/2009/10/single-authority-for-auditing-accounting-standards-soon/</link>
		<comments>http://taxclubindia.com/NEWS/2009/10/single-authority-for-auditing-accounting-standards-soon/#comments</comments>
		<pubDate>Wed, 07 Oct 2009 02:46:38 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[company act]]></category>
		<category><![CDATA[finance]]></category>
		<category><![CDATA[ACCOUNTING STANDARD]]></category>
		<category><![CDATA[ICAI]]></category>

		<guid isPermaLink="false">http://taxclubindia.com/NEWS/?p=313</guid>
		<description><![CDATA[The Government is planning to strengthen the National Advisory Committee on Accounting Standards (NACAS), a move that will make the Institute of Chartered Accountants of India (ICAI) report to NACAS. For this, it will hand over the supervisory role of both accounting and auditing standards to NACAS. NACAS was constituted in 2001 to examine only ICAI’s accounting standards for companies in the country, but not for [...]Related Posts:Audit watchdogs may get more service swaySystems Audit of Mutual FundsMF AGENTS MUST DISCLOSE FEES: SEBIWORKS CONTRACT: HIGHWAY DEVELOPERS FEEL BUDGET BLOWICSI allowing members to carry out non-attestation services through LLPnumber of view: 742]]></description>
		<wfw:commentRss>http://taxclubindia.com/NEWS/2009/10/single-authority-for-auditing-accounting-standards-soon/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>LIFE INSURERS DEMANDS CHANGES IN TAX CODE</title>
		<link>http://taxclubindia.com/NEWS/2009/10/life-insurers-demands-changes-in-tax-code/</link>
		<comments>http://taxclubindia.com/NEWS/2009/10/life-insurers-demands-changes-in-tax-code/#comments</comments>
		<pubDate>Wed, 07 Oct 2009 02:01:53 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[INCOME TAX]]></category>
		<category><![CDATA[finance]]></category>
		<category><![CDATA[health insurance]]></category>
		<category><![CDATA[LIFE INSURNACE]]></category>

		<guid isPermaLink="false">http://taxclubindia.com/NEWS/?p=311</guid>
		<description><![CDATA[Anticipating an adverse impact of the new Direct Tax Code, life insurance companies have demand amendments in the proposed code. The draft code had recommended a maturity tax on all life insurance products, if the term was less than 20 years and the premium exceeded 5 per cent of the sum assured. At present, there is no tax if the sum assured is five times the premium on all maturities. 

In a presentation to the [...]Related Posts:Insurance claims may be taxable under new Direct Tax codeULIP RENEWAL TIDE AGAINST TREND, PREMIUM COLLECTION JUMPS 44 PERCENTINSURANCE POLICIES AND YOUR QUERYCHILDREN’S INSURANCE HELPS GENERATE FUNDS WHEN NEEDEDHealth Insurance policies in India &#8211; An Overviewnumber of view: 842]]></description>
		<wfw:commentRss>http://taxclubindia.com/NEWS/2009/10/life-insurers-demands-changes-in-tax-code/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>BUSINESSES WILL GAIN FROM UNIQUE ID PROJECT</title>
		<link>http://taxclubindia.com/NEWS/2009/10/businesses-will-gain-from-unique-id-project/</link>
		<comments>http://taxclubindia.com/NEWS/2009/10/businesses-will-gain-from-unique-id-project/#comments</comments>
		<pubDate>Thu, 01 Oct 2009 09:02:34 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[finance]]></category>
		<category><![CDATA[unique id]]></category>

		<guid isPermaLink="false">http://taxclubindia.com/NEWS/?p=304</guid>
		<description><![CDATA[Businesses will benefit from using the Unique Identification Number that the Unique Identification Authority of India (UIDAI) hopes to issue to all residents of India, the Chairman of the Authority, Mr Nandan Nilekani, said on Wednesday. For example, a telecom company could save costs of verification of the identity of each new mobile subscriber, Mr Nilekani said. Another example: the State governments typically sp [...]Related Posts:Benefit of reduced penalty under provisos to Section 11AC &#8211; whether also available at appeal stageService Tax on construction of canals by Government agencies:Not applicableKey Benefits of Life InsuranceSystems Audit of Mutual FundsCheck list of Copyright application/applicantnumber of view: 831]]></description>
		<wfw:commentRss>http://taxclubindia.com/NEWS/2009/10/businesses-will-gain-from-unique-id-project/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>HC PUTS SOFTWARE FROM GLOBAL VENDORS IN TDS NET</title>
		<link>http://taxclubindia.com/NEWS/2009/09/hc-puts-software-from-global-vendors-in-tds-net/</link>
		<comments>http://taxclubindia.com/NEWS/2009/09/hc-puts-software-from-global-vendors-in-tds-net/#comments</comments>
		<pubDate>Sat, 26 Sep 2009 06:19:08 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[TDS]]></category>
		<category><![CDATA[branded software tds]]></category>
		<category><![CDATA[tds of pakage software]]></category>

		<guid isPermaLink="false">http://taxclubindia.com/NEWS/?p=302</guid>
		<description><![CDATA[THE Karnataka High Court has ruled that technology firms are subject to withholding taxdeduction of tax at sourceon purchase of software from global vendors such as Microsoft. This would push technology firms and branded software distributors into a corner as they will be required to withhold 10-20 % of their software purchase payments in the future. The division bench of Justice DV Shylendra Kumar and Justice Arvi [...]Related Posts:Refund delayed in case of online return filingINTEREST ON ERRONEOUSLY AVAILED CENVAT CREDITSDEDUCTING TDS FROM HOSPITAL BILLS MUST FOR TPAsChange in data structure of eTDS Statement10 Step Process for Filing Income Tax Returnsnumber of view: 1121]]></description>
		<wfw:commentRss>http://taxclubindia.com/NEWS/2009/09/hc-puts-software-from-global-vendors-in-tds-net/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>MF AGENTS MUST DISCLOSE FEES: SEBI</title>
		<link>http://taxclubindia.com/NEWS/2009/09/mf-agents-must-disclose-fees-sebi/</link>
		<comments>http://taxclubindia.com/NEWS/2009/09/mf-agents-must-disclose-fees-sebi/#comments</comments>
		<pubDate>Fri, 25 Sep 2009 16:03:24 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[finance]]></category>
		<category><![CDATA[COMMISSION BY MUTUAL FUND AGENTS]]></category>
		<category><![CDATA[MUTUAL FUNDS]]></category>
		<category><![CDATA[SEBI]]></category>

		<guid isPermaLink="false">http://taxclubindia.com/NEWS/?p=300</guid>
		<description><![CDATA[The Securities and Exchange Board of India (Sebi) is trying to ensure that mutual fund (MF) investors get the best deal from distributors. The regulator, in a circular on Wednesday amending the code of conduct for MF intermediaries, directed distributors to disclose to clients all information, involving commissions received for competing schemes of various MFs, of which the scheme was recommended. The move is an ex [...]Related Posts:Systems Audit of Mutual FundsLOT SIZES FOR EQUITY DERIVATIVES CONTRACTSSINGLE AUTHORITY FOR AUDITING, ACCOUNTING STANDARDS SOONTax Deduction at Source (TDS)-Bird viewHC PUTS SOFTWARE FROM GLOBAL VENDORS IN TDS NETnumber of view: 702]]></description>
		<wfw:commentRss>http://taxclubindia.com/NEWS/2009/09/mf-agents-must-disclose-fees-sebi/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Refund delayed in case of online return filing</title>
		<link>http://taxclubindia.com/NEWS/2009/09/refund-delayed-in-case-of-online-return-filing/</link>
		<comments>http://taxclubindia.com/NEWS/2009/09/refund-delayed-in-case-of-online-return-filing/#comments</comments>
		<pubDate>Thu, 24 Sep 2009 15:50:05 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[INCOME TAX]]></category>
		<category><![CDATA[e filing of return]]></category>
		<category><![CDATA[refund]]></category>
		<category><![CDATA[refund 2008-09]]></category>

		<guid isPermaLink="false">http://taxclubindia.com/NEWS/?p=296</guid>
		<description><![CDATA[Income tax department  has recently issued a circular that preference will be given to person who has filed their returns online .With this assurance the voluntary e filing of returns has been increased many fold.But before giving this assurance department has not done any home work.The software for processing the returns filed online is not fully operationalize so refund for the ay 2008-09 may take time up to  [...]Related Posts:NO MAILS FOR REFUNDS ISSUED FROM INCOME TAX DEPARTMENTFiling Belated (late) Income Tax ReturnsHC PUTS SOFTWARE FROM GLOBAL VENDORS IN TDS NET10 Step Process for Filing Income Tax ReturnsDEDUCTING TDS FROM HOSPITAL BILLS MUST FOR TPAsnumber of view: 1233]]></description>
		<wfw:commentRss>http://taxclubindia.com/NEWS/2009/09/refund-delayed-in-case-of-online-return-filing/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Advance tax collections up threefold in second quarter</title>
		<link>http://taxclubindia.com/NEWS/2009/09/advance-tax-collections-up-threefold-in-second-quarter/</link>
		<comments>http://taxclubindia.com/NEWS/2009/09/advance-tax-collections-up-threefold-in-second-quarter/#comments</comments>
		<pubDate>Thu, 24 Sep 2009 15:29:25 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[INCOME TAX]]></category>
		<category><![CDATA[advance tax]]></category>
		<category><![CDATA[ADVANCE TAX FIGURES]]></category>

		<guid isPermaLink="false">http://taxclubindia.com/NEWS/?p=292</guid>
		<description><![CDATA[Taxes paid by Indian companies more than doubled in the three months through September, suggesting growth in Asia’s third biggest economy may be strengthening. Advance taxes paid by local companies rose to Rs44,010 crore in the July-September quarter from Rs20,720 crore in the previous three months and 14.7% more than the same quarter last year, said a finance ministry official who declined to be identified. Comp [...]Related Posts:ADVANCE TAX NUMBERS BY COSSTIMULUS ENDS IN 2010, TAXES WILL GO UPMumbai TDS mopup rises 8% in Apr-SeptULIP RENEWAL TIDE AGAINST TREND, PREMIUM COLLECTION JUMPS 44 PERCENTFINANCE MINISTRY URGED TO SCRAP SPECIAL EXCISE DUTY ON BIG CARSnumber of view: 307]]></description>
		<wfw:commentRss>http://taxclubindia.com/NEWS/2009/09/advance-tax-collections-up-threefold-in-second-quarter/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Service Tax on construction of canals by Government agencies:Not applicable</title>
		<link>http://taxclubindia.com/NEWS/2009/09/service-tax-on-construction-of-canals-by-government-agenciesnot-applicable/</link>
		<comments>http://taxclubindia.com/NEWS/2009/09/service-tax-on-construction-of-canals-by-government-agenciesnot-applicable/#comments</comments>
		<pubDate>Thu, 24 Sep 2009 14:56:16 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[SERVICE TAX]]></category>
		<category><![CDATA[65(105) (zzzza)]]></category>
		<category><![CDATA[CANAL REPAIR]]></category>
		<category><![CDATA[CIRCULAR]]></category>

		<guid isPermaLink="false">http://taxclubindia.com/NEWS/?p=294</guid>
		<description><![CDATA[Good News for the person who are working with the Govt Canal Projects,as the CBEC has clarified in its circular that this is not covered under services under service tax act.Further as the circular is clarification in nature so the given rule is applicable  from the the introduction of the service itself.
Circular No. 116/10/2009-S.T., dated 15-9-2009 
 
On a reference being received by the Board, two following [...]Related Posts:Benefit of reduced penalty under provisos to Section 11AC &#8211; whether also available at appeal stageBUSINESSES WILL GAIN FROM UNIQUE ID PROJECTKey Benefits of Life InsuranceSystems Audit of Mutual Fundswebsites of banks in Indianumber of view: 675]]></description>
		<wfw:commentRss>http://taxclubindia.com/NEWS/2009/09/service-tax-on-construction-of-canals-by-government-agenciesnot-applicable/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Insurance claims may be taxable under new Direct Tax code</title>
		<link>http://taxclubindia.com/NEWS/2009/09/insurance-claims-may-be-taxable-under-new-direct-tax-code/</link>
		<comments>http://taxclubindia.com/NEWS/2009/09/insurance-claims-may-be-taxable-under-new-direct-tax-code/#comments</comments>
		<pubDate>Wed, 23 Sep 2009 15:28:54 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[INCOME TAX]]></category>
		<category><![CDATA[DIRECT TAX CODE]]></category>
		<category><![CDATA[INSURANCE]]></category>
		<category><![CDATA[LIFE INSURNACE]]></category>

		<guid isPermaLink="false">http://taxclubindia.com/NEWS/?p=290</guid>
		<description><![CDATA[The insurance claims paid to policy holders in the event of death or disability will be subject to payment of income tax if the new Direct Taxes Code proposals are implemented. The Code proposes that contributions by the insured are subject to the EET method of taxation of savings. This means that the sum received under a life insurance policy, including any bonus, is taxed. Only a pure life insurance policy is exe [...]Related Posts:LIFE INSURERS DEMANDS CHANGES IN TAX CODEULIP RENEWAL TIDE AGAINST TREND, PREMIUM COLLECTION JUMPS 44 PERCENTINSURANCE POLICIES AND YOUR QUERYCHILDREN’S INSURANCE HELPS GENERATE FUNDS WHEN NEEDEDKey Benefits of Life Insurancenumber of view: 847]]></description>
		<wfw:commentRss>http://taxclubindia.com/NEWS/2009/09/insurance-claims-may-be-taxable-under-new-direct-tax-code/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Audit watchdogs may get more service sway</title>
		<link>http://taxclubindia.com/NEWS/2009/09/audit-watchdogs-may-get-more-service-sway/</link>
		<comments>http://taxclubindia.com/NEWS/2009/09/audit-watchdogs-may-get-more-service-sway/#comments</comments>
		<pubDate>Wed, 23 Sep 2009 15:24:50 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[finance]]></category>
		<category><![CDATA[ICAI]]></category>
		<category><![CDATA[ICSI]]></category>
		<category><![CDATA[ICWA]]></category>

		<guid isPermaLink="false">http://taxclubindia.com/NEWS/?p=288</guid>
		<description><![CDATA[The government is considering a proposal to authorise the country’s three statutorily recognised institutes in the fields of accounting, company secretaryship and cost accounting to expand their ambit of functioning by providing services in all three areas. The proposal, however, is being opposed by the regulators themselves as many feel that it would lead to the end of specialisation and loss of functional and r [...]Related Posts:SINGLE AUTHORITY FOR AUDITING, ACCOUNTING STANDARDS SOONAmendment in Electronic Furnishing of Return of Income Scheme, 2007ICSI allowing members to carry out non-attestation services through LLPSystems Audit of Mutual FundsDEDUCTING TDS FROM HOSPITAL BILLS MUST FOR TPAsnumber of view: 745]]></description>
		<wfw:commentRss>http://taxclubindia.com/NEWS/2009/09/audit-watchdogs-may-get-more-service-sway/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>CHILDREN’S INSURANCE HELPS GENERATE FUNDS WHEN NEEDED</title>
		<link>http://taxclubindia.com/NEWS/2009/09/children%e2%80%99s-insurance-helps-generate-funds-when-needed/</link>
		<comments>http://taxclubindia.com/NEWS/2009/09/children%e2%80%99s-insurance-helps-generate-funds-when-needed/#comments</comments>
		<pubDate>Wed, 23 Sep 2009 09:55:40 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[finance]]></category>
		<category><![CDATA[INSURANCE]]></category>
		<category><![CDATA[LIFE INSURNACE]]></category>

		<guid isPermaLink="false">http://taxclubindia.com/NEWS/?p=259</guid>
		<description><![CDATA[A child's insurance plan helps you meet later expenses such as education and marriage. 

Life insurance plays an important role in an individual's financial planning exercise. Insurance can assist individuals in planning for their own life stages as well as provide for their children's future. It also secures a child's future in case of any unfortunate event. Various kinds of child insurance products are availabl [...]Related Posts:Health Insurance policies in India &#8211; An OverviewLIFE INSURERS DEMANDS CHANGES IN TAX CODEINSURANCE POLICIES AND YOUR QUERYKey Benefits of Life InsuranceULIP RENEWAL TIDE AGAINST TREND, PREMIUM COLLECTION JUMPS 44 PERCENTnumber of view: 738]]></description>
		<wfw:commentRss>http://taxclubindia.com/NEWS/2009/09/children%e2%80%99s-insurance-helps-generate-funds-when-needed/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Amendment in Electronic Furnishing of Return of Income Scheme, 2007</title>
		<link>http://taxclubindia.com/NEWS/2009/09/amendment-in-electronic-furnishing-of-return-of-income-scheme-2007/</link>
		<comments>http://taxclubindia.com/NEWS/2009/09/amendment-in-electronic-furnishing-of-return-of-income-scheme-2007/#comments</comments>
		<pubDate>Wed, 23 Sep 2009 04:05:57 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[INCOME TAX]]></category>
		<category><![CDATA[e return intermediary]]></category>

		<guid isPermaLink="false">http://taxclubindia.com/NEWS/?p=275</guid>
		<description><![CDATA[Notification No. 70/2009, dated 22-9-2009
 

In exercise of the powers conferred by sub-section (1B) of section 139 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following amendment in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), vide S.O. 1281(E) dated the 27th July, 2007, published in the Gazette of India, Extrao [...]Related Posts:UTN not mandatory for filing Income Tax Return of AY 2009-10Acquisition/Transfer of NBFC accepting deposit :RBI approval requiredExtension of date of filing of the tax audit report under section 44AB as well as filing of returns in the State of MaharashtraAudit watchdogs may get more service sway4 Ways To File Income Tax Returnsnumber of [...]]]></description>
		<wfw:commentRss>http://taxclubindia.com/NEWS/2009/09/amendment-in-electronic-furnishing-of-return-of-income-scheme-2007/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>New FVU(file validation utility)2.128 released for e TDS /e TCS returns</title>
		<link>http://taxclubindia.com/NEWS/2009/09/new-fvufile-validation-utility2-128-released-for-e-tds-e-tcs-returns/</link>
		<comments>http://taxclubindia.com/NEWS/2009/09/new-fvufile-validation-utility2-128-released-for-e-tds-e-tcs-returns/#comments</comments>
		<pubDate>Tue, 22 Sep 2009 16:12:23 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[INCOME TAX]]></category>
		<category><![CDATA[TDS]]></category>
		<category><![CDATA[etcs]]></category>
		<category><![CDATA[ETDS]]></category>
		<category><![CDATA[etds return]]></category>
		<category><![CDATA[file validation utility]]></category>
		<category><![CDATA[FVU 2.128]]></category>

		<guid isPermaLink="false">http://taxclubindia.com/NEWS/?p=278</guid>
		<description><![CDATA[Few days earlier some changes has been done in data of e TDS return .Now to validate new data changes Tin-Nsdl has released its new FVU(File validation utility) version 2.128 which required for e-TDS return furnished from 01.10.2008 .The new FVU can be downloaded from the link Given below

Extraction of e-TDS/TCS FVU:

	To extract these files, double-click on 'e-TDS FVU.exe'.
	A 'WinZip Self-Extractor - e-TDS  [...]Related Posts:VIEW YOUR TAXES ONLINE FORM 26ASwebsites of banks in IndiaDo&#8217;s and Don&#8217;ts-New PAN ApplicationKey Benefits of Life InsuranceChange in data structure of eTDS Statementnumber of view: 1914]]></description>
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		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>Earn well, spend less(Investment is a Marathon, not a Sprint)</title>
		<link>http://taxclubindia.com/NEWS/2009/09/earn-well-spend-lessinvestment-is-a-marathon-not-a-sprint/</link>
		<comments>http://taxclubindia.com/NEWS/2009/09/earn-well-spend-lessinvestment-is-a-marathon-not-a-sprint/#comments</comments>
		<pubDate>Tue, 22 Sep 2009 13:32:53 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[finance]]></category>
		<category><![CDATA[Financial planning]]></category>
		<category><![CDATA[plan early]]></category>
		<category><![CDATA[savings]]></category>

		<guid isPermaLink="false">http://taxclubindia.com/NEWS/?p=271</guid>
		<description><![CDATA[Earn well, spend less

Spend less than your earn. Save a portion of what you earn. Boost income, rein in spending and maximize savings. Follow the rule of three and you will be set up for life.

	Spend only 30 percent of what you earn
	Loans should not exceed 30 percent of your income
	Save and invest 30 per cent of your salary

Invest in yourself

Your greatest financial asset is you or rather your caree [...]Related Posts:Key Benefits of Life Insurancewebsites of banks in IndiaCheck list of Copyright application/applicantChange in data structure of eTDS StatementCHILDREN’S INSURANCE HELPS GENERATE FUNDS WHEN NEEDEDnumber of view: 758]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Health Insurance policies in India &#8211; An Overview</title>
		<link>http://taxclubindia.com/NEWS/2009/09/health-insurance-policies-in-india-an-overview/</link>
		<comments>http://taxclubindia.com/NEWS/2009/09/health-insurance-policies-in-india-an-overview/#comments</comments>
		<pubDate>Tue, 22 Sep 2009 09:53:41 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[finance]]></category>
		<category><![CDATA[health insurance]]></category>
		<category><![CDATA[INSURANCE]]></category>

		<guid isPermaLink="false">http://taxclubindia.com/NEWS/?p=257</guid>
		<description><![CDATA[There are several health insurance or medical insurance plans in India. These can be divided into the following categories based on the coverage offered:
 
Comprehensive health insurance coverage: These plans provide you complete health coverage through a hospitalization cover while at the same time also creating a health fund to cover any other healthcare expenses. Click to know more about our comprehensive cove [...]Related Posts:INSURANCE POLICIES AND YOUR QUERYCHILDREN’S INSURANCE HELPS GENERATE FUNDS WHEN NEEDEDKey Benefits of Life InsuranceLIFE INSURERS DEMANDS CHANGES IN TAX CODEULIP RENEWAL TIDE AGAINST TREND, PREMIUM COLLECTION JUMPS 44 PERCENTnumber of view: 800]]></description>
		<wfw:commentRss>http://taxclubindia.com/NEWS/2009/09/health-insurance-policies-in-india-an-overview/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Why is retirement planning important?</title>
		<link>http://taxclubindia.com/NEWS/2009/09/why-is-retirement-planning-important/</link>
		<comments>http://taxclubindia.com/NEWS/2009/09/why-is-retirement-planning-important/#comments</comments>
		<pubDate>Mon, 21 Sep 2009 09:52:58 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[finance]]></category>
		<category><![CDATA[INSURANCE]]></category>
		<category><![CDATA[LIFE INSURNACE]]></category>
		<category><![CDATA[RETIREMENT PLANNING]]></category>

		<guid isPermaLink="false">http://taxclubindia.com/NEWS/?p=255</guid>
		<description><![CDATA[Retire from work. Not from life.

A retirement plan is an assurance that you will continue to earn a satisfying income and enjoy a comfortable lifestyle, even when you are no longer working. To understand why an increasing number of individuals have already started planning for their retirement, and why you should too, read on.
 
Independence is the new way of life: An increasing number of young Indian professi [...]Related Posts:What is the right age to start planning for one’s retirement?CHILDREN’S INSURANCE HELPS GENERATE FUNDS WHEN NEEDEDKey Benefits of Life InsuranceEarn well, spend less(Investment is a Marathon, not a Sprint)LIFE INSURERS DEMANDS CHANGES IN TAX CODEnumber of view: 613]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Mumbai TDS mopup rises 8% in Apr-Sept</title>
		<link>http://taxclubindia.com/NEWS/2009/09/mumbai-tds-mopup-rises-8-in-apr-sept/</link>
		<comments>http://taxclubindia.com/NEWS/2009/09/mumbai-tds-mopup-rises-8-in-apr-sept/#comments</comments>
		<pubDate>Mon, 21 Sep 2009 09:50:56 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[INCOME TAX]]></category>
		<category><![CDATA[TDS]]></category>

		<guid isPermaLink="false">http://taxclubindia.com/NEWS/?p=253</guid>
		<description><![CDATA[Tax deducted at source (TDS) collections in Mumbai for the April-September period have crossed last year’s figure with income-tax collections showing an 8% increase, according to figures available till last week. Income-tax officials said if the economic recovery continues for the remaining part of the current fiscal year, TDS collections as well as regular tax collections could end up on a higher note. Mumbai’ [...]Related Posts:ADVANCE TAX NUMBERS BY COSAdvance tax collections up threefold in second quarterULIP RENEWAL TIDE AGAINST TREND, PREMIUM COLLECTION JUMPS 44 PERCENTSTIMULUS ENDS IN 2010, TAXES WILL GO UPDEDUCTING TDS FROM HOSPITAL BILLS MUST FOR TPAsnumber of view: 525]]></description>
		<wfw:commentRss>http://taxclubindia.com/NEWS/2009/09/mumbai-tds-mopup-rises-8-in-apr-sept/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>What is the right age to start planning for one’s retirement?</title>
		<link>http://taxclubindia.com/NEWS/2009/09/what-is-the-right-age-to-start-planning-for-one%e2%80%99s-retirement/</link>
		<comments>http://taxclubindia.com/NEWS/2009/09/what-is-the-right-age-to-start-planning-for-one%e2%80%99s-retirement/#comments</comments>
		<pubDate>Mon, 21 Sep 2009 04:03:44 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[finance]]></category>
		<category><![CDATA[INSURANCE]]></category>
		<category><![CDATA[RETIREMENT PLANNING]]></category>

		<guid isPermaLink="false">http://taxclubindia.com/NEWS/?p=232</guid>
		<description><![CDATA[The key to successful retirement planning is to start early. Some key points to take into consideration when planning for retirement:

-	Inflation

-	Growing medical needs

Hence, it is advisable to think about retirement in the early earning years when there is no pressure to support a growing family and you don’t have high medical expenses.

There is a “cost of delay” in terms of increase in the ini [...]Related Posts:Why is retirement planning important?Earn well, spend less(Investment is a Marathon, not a Sprint)Key Benefits of Life InsuranceCHILDREN’S INSURANCE HELPS GENERATE FUNDS WHEN NEEDEDULIP RENEWAL TIDE AGAINST TREND, PREMIUM COLLECTION JUMPS 44 PERCENTnumber of view: 566]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>RBI BRINGS SMALL ENTERPRISES UNDER PRIORITY SECTOR LENDING</title>
		<link>http://taxclubindia.com/NEWS/2009/09/rbi-brings-small-enterprises-under-priority-sector-lending/</link>
		<comments>http://taxclubindia.com/NEWS/2009/09/rbi-brings-small-enterprises-under-priority-sector-lending/#comments</comments>
		<pubDate>Sun, 20 Sep 2009 16:31:49 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[finance]]></category>
		<category><![CDATA[ADVANCES]]></category>
		<category><![CDATA[PRIORITY SECTOR]]></category>
		<category><![CDATA[RBI]]></category>

		<guid isPermaLink="false">http://taxclubindia.com/NEWS/?p=249</guid>
		<description><![CDATA[Banks will now on have to set aside a certain portion of their annual advances for small service providers in areas like consultancy, advertising and legal services as the Reserve Bank today brought the segment under priority sector lending. In terms of lending by banks, priority sector is one to which banks have to give loans amounting to 40 per cent of their total advances. However, there are further breakups of  [...]Related Posts:ADVANCE TAX NUMBERS BY COSEarn well, spend less(Investment is a Marathon, not a Sprint)STIMULUS ENDS IN 2010, TAXES WILL GO UPLIFE INSURERS DEMANDS CHANGES IN TAX CODEInconsistency in TDS/TCS Return&#038; Solutionnumber of view: 495]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>FINANCE MINISTRY URGED TO SCRAP SPECIAL EXCISE DUTY ON BIG CARS</title>
		<link>http://taxclubindia.com/NEWS/2009/09/finance-ministry-urged-to-scrap-special-excise-duty-on-big-cars/</link>
		<comments>http://taxclubindia.com/NEWS/2009/09/finance-ministry-urged-to-scrap-special-excise-duty-on-big-cars/#comments</comments>
		<pubDate>Sun, 20 Sep 2009 16:29:53 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[EXCISE]]></category>
		<category><![CDATA[finance]]></category>
		<category><![CDATA[excise on cars]]></category>

		<guid isPermaLink="false">http://taxclubindia.com/NEWS/?p=245</guid>
		<description><![CDATA[The Ministry of Heavy Industries has urged the Finance Ministry to waive the Special Excise Duty (SED) of Rs 15,000 and Rs 20,000 on 1500cc and 2000cc cars respectively, said Mr Ambuj Sharma, Joint Secretary, Ministry of Heavy Industries. The SED was levied by the Finance Ministry on fuel guzzling cars to contain carbon emissions. Inaugurating the National Summit on Public Buying organised by Assocham, Mr Sharma sa [...]Related Posts:STIMULUS ENDS IN 2010, TAXES WILL GO UPAdvance tax collections up threefold in second quarterONLINE REGISTRATION OF COS: pay stamp duty onlineSINGLE AUTHORITY FOR AUDITING, ACCOUNTING STANDARDS SOONADVANCE TAX NUMBERS BY COSnumber of view: 498]]></description>
		<wfw:commentRss>http://taxclubindia.com/NEWS/2009/09/finance-ministry-urged-to-scrap-special-excise-duty-on-big-cars/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>ULIP RENEWAL TIDE AGAINST TREND, PREMIUM COLLECTION JUMPS 44 PERCENT</title>
		<link>http://taxclubindia.com/NEWS/2009/09/ulip-renewal-tide-against-trend-premium-collection-jumps-44-percent/</link>
		<comments>http://taxclubindia.com/NEWS/2009/09/ulip-renewal-tide-against-trend-premium-collection-jumps-44-percent/#comments</comments>
		<pubDate>Sun, 20 Sep 2009 04:08:59 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[finance]]></category>
		<category><![CDATA[INSURANCE]]></category>
		<category><![CDATA[LIFE INSURANCE]]></category>
		<category><![CDATA[SHARE MARKET]]></category>
		<category><![CDATA[ULIP]]></category>

		<guid isPermaLink="false">http://taxclubindia.com/NEWS/?p=238</guid>
		<description><![CDATA[Consumers continued to put in money in their existing unit linked insurance plans (ULIPs) expecting better returns from the stock market as the Indian economy recovers. Premium collection from renewal of ULIPs jumped 44 percent during the first three months of the current fiscal over the year-ago period even as the insurance sector has been seeing a slowdown.

The industry collected Rs 12,698 crore as renewal pre [...]Related Posts:INSURANCE POLICIES AND YOUR QUERYLIFE INSURERS DEMANDS CHANGES IN TAX CODEInsurance claims may be taxable under new Direct Tax codeCHILDREN’S INSURANCE HELPS GENERATE FUNDS WHEN NEEDEDMumbai TDS mopup rises 8% in Apr-Septnumber of view: 610]]></description>
		<wfw:commentRss>http://taxclubindia.com/NEWS/2009/09/ulip-renewal-tide-against-trend-premium-collection-jumps-44-percent/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>INSURANCE POLICIES AND YOUR QUERY</title>
		<link>http://taxclubindia.com/NEWS/2009/09/insurance-policies-and-your/</link>
		<comments>http://taxclubindia.com/NEWS/2009/09/insurance-policies-and-your/#comments</comments>
		<pubDate>Sun, 20 Sep 2009 04:00:25 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[finance]]></category>
		<category><![CDATA[LIFE INSURNACE]]></category>
		<category><![CDATA[RETIREMENT PLANNING]]></category>

		<guid isPermaLink="false">http://taxclubindia.com/NEWS/?p=229</guid>
		<description><![CDATA[Will my returns go up after Irda’s cap on Ulip charges comes into effect? 

There are certain products, which already follow these guidelines on charges, and certain others, which do not follow them. It differs from product to product. Companies not following these guidelines for their products would have to lower the charges suitably.

The capping of Ulip charges would offer better value to customers.

The [...]Related Posts:ULIP RENEWAL TIDE AGAINST TREND, PREMIUM COLLECTION JUMPS 44 PERCENTHealth Insurance policies in India &#8211; An OverviewLIFE INSURERS DEMANDS CHANGES IN TAX CODEInsurance claims may be taxable under new Direct Tax codeCHILDREN’S INSURANCE HELPS GENERATE FUNDS WHEN NEEDEDnumber of view: 605]]></description>
		<wfw:commentRss>http://taxclubindia.com/NEWS/2009/09/insurance-policies-and-your/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Key Benefits of Life Insurance</title>
		<link>http://taxclubindia.com/NEWS/2009/09/key-benefits-of-life-insurance/</link>
		<comments>http://taxclubindia.com/NEWS/2009/09/key-benefits-of-life-insurance/#comments</comments>
		<pubDate>Sat, 19 Sep 2009 03:46:37 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[INCOME TAX]]></category>
		<category><![CDATA[finance]]></category>
		<category><![CDATA[LIFE INSURNACE]]></category>
		<category><![CDATA[RETIREMENT PLANNING]]></category>

		<guid isPermaLink="false">http://taxclubindia.com/NEWS/?p=227</guid>
		<description><![CDATA[Need for Life Insurance
Today, there is no shortage of investment options for a person to choose from. Modern day investments include gold, property, fixed income instruments, mutual funds and of course, life insurance. Given the plethora of choices, it becomes imperative to make the right choice when investing your hard-earned money. Life insurance is a unique investment that helps you to meet your dual needs -  [...]Related Posts:Fee for copyright registration &#038; processeswebsites of banks in IndiaCheck list of Copyright application/applicantBenefit of reduced penalty under provisos to Section 11AC &#8211; whether also available at appeal stageService Tax on construction of canals by Government agencies:Not applicablenumber of view: 664]]></description>
		<wfw:commentRss>http://taxclubindia.com/NEWS/2009/09/key-benefits-of-life-insurance/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Benefit of reduced penalty under provisos to Section 11AC &#8211; whether also available at appeal stage</title>
		<link>http://taxclubindia.com/NEWS/2009/09/benefit-of-reduced-penalty-under-provisos-to-section-11ac-whether-also-available-at-appeal-stage/</link>
		<comments>http://taxclubindia.com/NEWS/2009/09/benefit-of-reduced-penalty-under-provisos-to-section-11ac-whether-also-available-at-appeal-stage/#comments</comments>
		<pubDate>Sat, 19 Sep 2009 03:08:48 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[EXCISE]]></category>
		<category><![CDATA[11AC]]></category>
		<category><![CDATA[35F]]></category>

		<guid isPermaLink="false">http://taxclubindia.com/NEWS/?p=223</guid>
		<description><![CDATA[Circular No. 898/18/09-CX., dated 15-9-2009 
 
A case has been brought to the notice of the Board wherein a Commissioner (Appeals) had allowed the benefit of proviso to Section 11AC of the Central Excise Act, 1944 to pay penalty at the reduced rate of 25% within 30 days of the communication of the Order in Appeal. Commissioner (Appeals) has read Section 11AC and Section 35 F together to arrive at the aforesaid de [...]Related Posts:Service Tax on construction of canals by Government agencies:Not applicableBUSINESSES WILL GAIN FROM UNIQUE ID PROJECTKey Benefits of Life Insurancewebsites of banks in IndiaCheck list of Copyright application/applicantnumber of view: 231]]></description>
		<wfw:commentRss>http://taxclubindia.com/NEWS/2009/09/benefit-of-reduced-penalty-under-provisos-to-section-11ac-whether-also-available-at-appeal-stage/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Acquisition/Transfer of NBFC accepting deposit :RBI approval required</title>
		<link>http://taxclubindia.com/NEWS/2009/09/acquisitiontransfer-of-nbfc-accepting-deposit-rbi-approval-required/</link>
		<comments>http://taxclubindia.com/NEWS/2009/09/acquisitiontransfer-of-nbfc-accepting-deposit-rbi-approval-required/#comments</comments>
		<pubDate>Sat, 19 Sep 2009 03:05:57 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[finance]]></category>

		<guid isPermaLink="false">http://taxclubindia.com/NEWS/?p=220</guid>
		<description><![CDATA[Circular No. DNBS (PD) CC.No. 160/03.10.001/2009-10, dated 17-9-2009

Under Section 45 IA (4)(c) of the RBI Act, 1934, a certificate of Registration can only be given to a company if the Bank is satisfied, inter alia, that the general character of the management or the proposed management of the non-banking financial company shall not be prejudicial to the public interest or the interests of its depositors.

2. [...]Related Posts:UTN not mandatory for filing Income Tax Return of AY 2009-10Systems Audit of Mutual FundsAmendment in Electronic Furnishing of Return of Income Scheme, 2007ICSI allowing members to carry out non-attestation services through LLPFAQ ON FORM 26AS(VIEW TAXES ONLINE)number of view: 609]]></description>
		<wfw:commentRss>http://taxclubindia.com/NEWS/2009/09/acquisitiontransfer-of-nbfc-accepting-deposit-rbi-approval-required/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>LLP(LIMITED LIABILITY PARTNERSHIP)PPT</title>
		<link>http://taxclubindia.com/NEWS/2009/09/llplimited-liability-partnershipppt/</link>
		<comments>http://taxclubindia.com/NEWS/2009/09/llplimited-liability-partnershipppt/#comments</comments>
		<pubDate>Thu, 17 Sep 2009 19:48:17 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[INCOME TAX]]></category>
		<category><![CDATA[company act]]></category>
		<category><![CDATA[finance]]></category>
		<category><![CDATA[lIMITED LIABILITY PARTNERSHIP]]></category>
		<category><![CDATA[LLP]]></category>
		<category><![CDATA[PPT]]></category>

		<guid isPermaLink="false">http://taxclubindia.com/NEWS/?p=216</guid>
		<description><![CDATA[check waht is LLP,what its benefit and what are the major differences between LLP and Partnership/companies by CA VED JaiN

 [...]Related Posts:TDS RATES 2009-10 CHANGES IN TDS RATESICSI allowing members to carry out non-attestation services through LLPPAN APPLICATION: Documents to be submittedE FILING OF RETURN PPT WITH SOUNDLIFE INSURERS DEMANDS CHANGES IN TAX CODEnumber of view: 767]]></description>
		<wfw:commentRss>http://taxclubindia.com/NEWS/2009/09/llplimited-liability-partnershipppt/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Systems Audit of Mutual Funds</title>
		<link>http://taxclubindia.com/NEWS/2009/09/systems-audit-of-mutual-funds/</link>
		<comments>http://taxclubindia.com/NEWS/2009/09/systems-audit-of-mutual-funds/#comments</comments>
		<pubDate>Thu, 17 Sep 2009 17:19:13 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[finance]]></category>
		<category><![CDATA[MUTUAL FUNDS]]></category>

		<guid isPermaLink="false">http://taxclubindia.com/NEWS/?p=214</guid>
		<description><![CDATA[Circular No. SEBI/IMD/CIR No. 8/176988/2009, dated 16-9-2009
Considering the importance of systems audit in the technology driven asset management activity, it has been decided that mutual funds shall have a systems audit conducted by an independent CISA/CISM qualified or equivalent auditor.

The systems audit should be comprehensive encompassing audit of systems and processes inter alia related to examination  [...]Related Posts:MF AGENTS MUST DISCLOSE FEES: SEBIExtension of date of filing of the tax audit report under section 44AB as well as filing of returns in the State of MaharashtraSINGLE AUTHORITY FOR AUDITING, ACCOUNTING STANDARDS SOONService Tax on construction of canals by Government agencies:Not applicableAcquisition/Transfer of NBFC accepting deposit :RBI approval requirednumber of view: 584]]></description>
		<wfw:commentRss>http://taxclubindia.com/NEWS/2009/09/systems-audit-of-mutual-funds/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>STIMULUS ENDS IN 2010, TAXES WILL GO UP</title>
		<link>http://taxclubindia.com/NEWS/2009/09/stimulus-ends-in-2010-taxes-will-go-up/</link>
		<comments>http://taxclubindia.com/NEWS/2009/09/stimulus-ends-in-2010-taxes-will-go-up/#comments</comments>
		<pubDate>Thu, 17 Sep 2009 17:16:49 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[INCOME TAX]]></category>
		<category><![CDATA[finance]]></category>
		<category><![CDATA[STIMULUS]]></category>
		<category><![CDATA[TAXES]]></category>

		<guid isPermaLink="false">http://taxclubindia.com/NEWS/?p=211</guid>
		<description><![CDATA[The finance ministry has told the Thirteenth Finance Commission that given its expectations of a recovery in January-March 2010, it will withdraw the fiscal stimulus by increasing the tax rates next year. In its two-page note to the Vijay Kelkar-chaired TFC - set up last November to recommend how Central taxes will be shared with states over the next five years - finance minister Pranab Mukherjee has stuck to his p [...]Related Posts:Advance tax collections up threefold in second quarterMumbai TDS mopup rises 8% in Apr-SeptFINANCE MINISTRY URGED TO SCRAP SPECIAL EXCISE DUTY ON BIG CARSWORKS CONTRACT: HIGHWAY DEVELOPERS FEEL BUDGET BLOWLIFE INSURERS DEMANDS CHANGES IN TAX CODEnumber of view: 537]]></description>
		<wfw:commentRss>http://taxclubindia.com/NEWS/2009/09/stimulus-ends-in-2010-taxes-will-go-up/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>ADVANCE TAX NUMBERS BY COS</title>
		<link>http://taxclubindia.com/NEWS/2009/09/advance-tax-numbers-by-cos/</link>
		<comments>http://taxclubindia.com/NEWS/2009/09/advance-tax-numbers-by-cos/#comments</comments>
		<pubDate>Thu, 17 Sep 2009 17:13:20 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[INCOME TAX]]></category>
		<category><![CDATA[ADVANCE TAX FIGURES]]></category>

		<guid isPermaLink="false">http://taxclubindia.com/NEWS/?p=209</guid>
		<description><![CDATA[UltraTech Cement, an Aditya Birla Group company, has skipped advance tax payment in the second quarter of this fiscal, fuelling speculation that the earnings of cement companies could come under pressure due to possible oversupply. The company had paid Rs 190 crore in the same period last year. However, ACC paid higher advance tax of Rs 150 crore (Rs 42 crore). Hindalco Industries of the Aditya Birla Group paid Rs  [...]Related Posts:Advance tax collections up threefold in second quarterMumbai TDS mopup rises 8% in Apr-SeptULIP RENEWAL TIDE AGAINST TREND, PREMIUM COLLECTION JUMPS 44 PERCENTSTIMULUS ENDS IN 2010, TAXES WILL GO UPFAQ ON FORM 26AS(VIEW TAXES ONLINE)number of view: 980]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>TDS RATES 2009-10 CHANGES IN TDS RATES</title>
		<link>http://taxclubindia.com/NEWS/2009/09/tds-rates-2009-10-changes-in-tds-rates/</link>
		<comments>http://taxclubindia.com/NEWS/2009/09/tds-rates-2009-10-changes-in-tds-rates/#comments</comments>
		<pubDate>Wed, 16 Sep 2009 19:27:38 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[INCOME TAX]]></category>
		<category><![CDATA[TDS]]></category>

		<guid isPermaLink="false">http://taxclubindia.com/NEWS/?p=201</guid>
		<description><![CDATA[Major Changes has been made in TDS rates for Financial Year 2009-10.
1.No surcharge or cess is required to be added in basic tds rates in case of resident and domestic company .(detailed chart is given below)
2.TDS provisions of section 194C has be revised ,earlier rates are on the basis of nature of contract,ow it has been changed to nature of person(deductee).
3.Tds rates as per Section 194A and 194I has been  [...]Related Posts:TDS RATES 10-11 TDS RATE CHART 10-11 TCS RATE CHART INCOME TAX RATES  SIMPLE TAX INDIA-TDS RATE INCOME TAX RETURN ITR 1-8Tax Deduction at Source (TDS)-Bird viewLLP(LIMITED LIABILITY PARTNERSHIP)PPTDirect Taxes Code-Salient FeaturesSTIMULUS ENDS IN 2010, TAXES WILL GO UPnumber of view: 5220]]></description>
		<wfw:commentRss>http://taxclubindia.com/NEWS/2009/09/tds-rates-2009-10-changes-in-tds-rates/feed/</wfw:commentRss>
		<slash:comments>8</slash:comments>
		</item>
		<item>
		<title>Change in data structure of eTDS Statement</title>
		<link>http://taxclubindia.com/NEWS/2009/09/change-in-data-structure-of-etds-statement/</link>
		<comments>http://taxclubindia.com/NEWS/2009/09/change-in-data-structure-of-etds-statement/#comments</comments>
		<pubDate>Wed, 16 Sep 2009 18:16:09 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[TDS]]></category>
		<category><![CDATA[etcs]]></category>
		<category><![CDATA[ETDS]]></category>
		<category><![CDATA[tds return]]></category>

		<guid isPermaLink="false">http://taxclubindia.com/NEWS/?p=195</guid>
		<description><![CDATA[Data structure of quarterly e-TDS statements have been modified by the Directorate of Income Tax (Systems).

Key changes in Data Structure



Description
Existing
Modification


PAN of deductor
Not mandatory
Mandatory . If not required then "PANNOTRQD"


Classification of Deductor
Central Govt / Others
16 Classifications e.g. Central Govt / State Govt / Firm / Company etc


Govt Deductor
No su [...]Related Posts:websites of banks in IndiaExtension of time limit for filing ITR-V formNew FVU(file validation utility)2.128 released for e TDS /e TCS returnsVIEW YOUR TAXES ONLINE FORM 26ASCheck list of Copyright application/applicantnumber of view: 804]]></description>
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		<slash:comments>1</slash:comments>
		</item>
	</channel>
</rss>
