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CENTRAL EXCISE NOTIFICATION NO -28NT - Non-reversal allowed only for the CENVAT credit taken upto the 8 th of July, 2004. on wires drawn from wire rods notwithstanding that the process of drawing of wires from wire rods was held as not amounting to manufacture by the Supreme Court | 2010-ITS-3142-ITAT - The transferee of the business should be eligible to claim the deduction in respect of the liability taken over from the transferor for which the payment was made by the transferee subsequently. | 2010-ITS-3126-ITAT - Statement made in TDS certificate alone cannot be a determinative factor to determine the nature of receipt of the assessee. | 2010-ITS-3070-HC - Software is goods and whether the transaction would amount to sale or service would depend upon the individual transaction | 2010-ITS-3069-HC - Merely because a judgment has been rendered, the same cannot be a ground for reopening the assessment u/s 147 as it amounts to a change of opinion. | CBDT PRESS RELEASE - Time limit for filing ITR-V for assessment year 2009-10 extended | SERVICE TAX NOTIFICATION NO -47 - Govt exempts the taxable service of outdoor catering provided by a Non Government Organisation registered under any Central Act or State Act, under the Centrally assisted Mid-Day Meal Scheme | CUSTOM NOTIFICATION NO -90 - Exemption on import against a Served From India Scheme scrip : CBEC amends various notification to effect change in the scheme | 2010-ITS-3058-ITAT - Sale of software cannot be treated as income from royalty either under the IT Act | 2010-ITS-3046-ITAT - Fluctuation on account of foreign exchange rate is an allowable deduction and is not capital in nature. | 2010-ITS-3065-HC- - Face value of the duty entitlement passbook realized on the transfer of the entitlement is chargeable to tax under Section 28(iiib). | BREAKING NEWS - FM Exhorts CBEC and CBDT to Set-Up Standing Committee at CCs Level for Litigation Management | CUSTOM NOTIFICATION NO -85 - Final anti-dumping imposed on imports of Acrylic  originating in, or exported from, the Japan and Belarus | CBEC CIRCULAR NO -32 - No export of sugar should be permitted against raw sugar imported under the Advance Authorization Scheme from 17.2.2009 to 30.9.2009 without the release order of the Directorate of Sugar. | CUSTOM NOTIFICATION NO -78NT - Tariff value Brass Scrap (all grades) &Poppy seeds revised to US $ 3924 |

 

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Home Insurance and What It Entails
Congratulations on the purchase of your new home. This represents a serious investment on your part and you are probably not in the mood for any more spending, but there is something else that you will have to look into and that is home insurance. This single item will have an additional impact on your monthly expenses, but there are a few other things that you will have to deal with, some of which are outlined below.

 

Home insurance – If you purchased your home with some type of mortgage, you are probably already paying a home insurance plan that was required of you by your mortgage company. You will want to make sure, however, that the plan you have signed up for is enough to cover any losses to your property that may occur. Keep in mind that most home insurance plans typically impose limits on the amount of cover for items such as jewellery, so you may have to purchase additional cover for them.

 

Buildings and contents insurance – This is an additional type of cover for your home that specifically covers the structure of the house and its contents (the value of which is agreed beforehand).  Some insurance plans do not provide cover for damage that may occur due to flooding. Check this carefully even if you do not live near any large body of water.

 

Fire cover is always included but the terms vary from company to company. Check what is covered, particularly whether alternative accommodation is provided whilst your property is being repaired after a fire.

 

For more comprehensive information on home insurance, and to get a quote, try Legal and General.

 

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