No plan to do away restriction of 100 SMSes, says TRAI
Posted Date : 26-Sep-2011 , 08:43:31 am | Posted By CASANSAAR
Telecom Regulation Authority of India, TRAI on Sunday said that there is no plan to do away the restriction of100 SMSes per SIM per day for all subscribers, except on festivals. Top TRAI sources said that in order to curb the menace of pesky calls and messages this recommendation will be appl...
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General |
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Indian bourses beat global leaders with CEO pay hike
Posted Date : 26-Sep-2011 , 08:42:26 am | Posted By CASANSAAR
The Indian stock exchanges may not rank high on international charts in terms of the volume of business done, but they have beaten global market leaders in terms of pay hikes given to their top executives.
The two largest stock exchanges of the world -- the NYSE Euronext and Nasdaq OMX...
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International Business |
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Mobile tariff hike: TRAI seeks info from service providers
Posted Date : 26-Sep-2011 , 08:37:10 am | Posted By CASANSAAR
Telecom Regulatory Authority of India, TRAI has sought additional information from leading service providers, including Bharti airtel and Vodafone, on their recent decision to hike mobile tariffs by up to 20 per cent. Telecom service providers like Bharti airtel, Idea Cellular, Vodafone and Reliance...
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General |
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Market value of top 9 companies drops; RIL, ONGC lose most
Posted Date : 25-Sep-2011 , 01:46:34 pm | Posted By CASANSAAR
Amid turmoil in the stock market last week, the combined market capitalisation (m-cap) of nine of the country's top-10 firms declined by Rs 70,961.76 crore, with Reliance Industries bearing the maximum loss. M-cap of RIL, the most valued firm, dropped by Rs 18,565 crore to Rs 2,52,361 crore last ...
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General |
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CAs to get new rules for auditing books of political parties
Posted Date : 24-Sep-2011 , 10:08:35 am | Posted By CASANSAAR
Call it corporatisation of political parties. Taking a step ahead towards introducing financial accountability among the political parties in India, the auditing regulator Institute of Chartered Accountants of India (ICAI) is set to issue guidelines on standard accounting norms to its member Chart...
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ICAI |
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HC clears service tax on commercial outlets
Posted Date : 24-Sep-2011 , 09:59:12 am | Posted By CASANSAAR
In a judgment, which will rake in money into government coffers, the Delhi high court on Friday ruled that tenants of properties rented out for commercial purposes are liable to pay service tax. A three judge special bench headed by Chief Justice Dipak Misra held that renting immovable property it...
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Service Tax |
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Panel rejects disclosure scheme, new Act to check black money
Posted Date : 24-Sep-2011 , 09:49:21 am | Posted By CASANSAAR
A government panel on Friday ruled out voluntary disclosure of income scheme (VDIS), framing a new Act and capital punishment as measures to deal with the issue of black money stashed abroad. The committee merely considered strengthening the administrative machinery and better sharing of intellige...
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Income Tax |
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ICAI Invites Suggestions for Pre-Budget Memorandum-2012
Posted Date : 22-Sep-2011 , 07:43:17 am | Posted By CASANSAAR
The Central Direct & Indirect Taxes Committees are in the process of identifying issues that need to be taken up in the Pre-Budget Memoranda on Direct & Indirect Taxes – 2012 to be submitted to the Ministry of Finance. Suggestions are invited on laws relating to Direct Tax...
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ICAI |
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Draft on new SEZ rules soon;relook at land ceiling norms: Government
Posted Date : 22-Sep-2011 , 07:41:52 am | Posted By CASANSAAR
The Commerce Ministry on Wednesday said there is a need for a relook at the land ceiling rules for Special Economic Zones in view of protests against land acquisitions and it will shortly come out with a draft to bring changes in the SEZ Act of 2005. "There is a need (for a relook at) the SE...
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General |
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CBDT Chairman divests tax investigation portfolio to member
Posted Date : 22-Sep-2011 , 07:38:46 am | Posted By CASANSAAR
Nine months after the responsibility for Income Tax investigations was taken over by the Chairman of the Central Board of Direct Taxes (CBDT), the portfolio has now once again been vested with a separate member, in sync with the practice of previous years. The present Chairman of the Central...
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Income Tax |
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Advance tax mop-up from top 100 cos grows 9.9% in Q2
Posted Date : 22-Sep-2011 , 07:35:27 am | Posted By CASANSAAR
Top companies and banks, including Bharti Airtel, Maruti Suzuki, SAIL and SBI, have paid lower advance taxes during the July-September quarter, reflecting the impact of slowdown. The other large companies which have paid lower taxes during the second quarter include IndianOil, Bh...
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Income Tax |
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Sebi bans FIIs, brokers for GDR manipulation
Posted Date : 22-Sep-2011 , 07:33:36 am | Posted By CASANSAAR
Market regulator Sebi has banned five FIIs, five broking houses, six companies and several other related entities from the market for their role in stock price manipulation using the GDR route. In its 44 page order, released on Wednesday, Sebi directed India Focus Cardinal Fund, ...
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SEBI |
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Second Round of Consultations on the Revised Version of National Competition Policy Begins Tomorrow
Posted Date : 21-Sep-2011 , 05:36:52 pm | Posted By CASANSAAR
The Second round of consultations on the revised version of National Competition Policy will held tomorrow at FICCI, Federation House, Tansen Marg, New Delhi. The Union Minister for Corporate Affairs Dr. M.Veerappa Moily will chair the consultations. The consultations are a sequel to the consti...
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Corporate Law |
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0 | Hits : 797
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XBRL: Accounting giants on backfoot
Posted Date : 21-Sep-2011 , 08:22:00 am | Posted By CASANSAAR
In what could come as a major blow to the big four accounting firms, companies filing their financial records and returns in XBRL —(extensible business reporting language)—a computer language for reporting financial statements—may be exempted from getting a certification on the s...
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Corporate Law |
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World economy enters 'dangerous new phase': IMF
Posted Date : 21-Sep-2011 , 08:20:44 am | Posted By CASANSAAR
The world economy has entered a ``dangerous new phase,'' according to the chief economist of the International Monetary Fund. As a result, the international lending organization has sharply downgraded its economic outlook for the United States and Europe through the end of next year. The IMF exp...
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International Business |
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Automatic service tax refund for exporters on anvil: CBEC
Posted Date : 21-Sep-2011 , 08:07:58 am | Posted By CASANSAAR
In a move that will bring cheers to exporters, the government today said it was working on a system to automatically transfer service tax refunds in their accounts.
"We are at a very advanced stage of preparing a software which would provide refunds of service tax to exporters automatical...
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Service Tax |
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Public procurement policy, companies Bills likely in winter session
Posted Date : 21-Sep-2011 , 08:05:02 am | Posted By CASANSAAR
This winter session of Parliament will see important Bills coming up for clearance to bring in transparency in procurement of raw materials in the government sector and efficiency in corporate governance.
The Government will introduce the Public Procurement Policy and the Company Law Bill in the ...
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Corporate Law |
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0 | Hits : 726
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Govt lifts ban on onion export
Posted Date : 20-Sep-2011 , 07:06:37 pm | Posted By CASANSAAR
Faced with strong protests from the farmers and a demand from the Maharashtra Government, the Government on Tuesday announced lifting of ban on export of onions with immediate effect.
The decision to permit exports of onions was taken by the Empowered Group of Ministers (EGoM) on Food headed by F...
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International Business |
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CPC Bangalore
Posted Date : 20-Sep-2011 , 08:01:57 am | Posted By CASANSAAR
Centralized Processing Center (CPC), Bangalore has been actively processing of returnsfor AY 2010-11.
The statistics for AY 2009-10, AY 2010-11 and 2011-12 are (as of 7th September,2011)-
AY09-10
AY10-11
AY11-12
No. of ret...
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Income Tax |
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BCCI makes net surplus of Rs 190 crore
Posted Date : 20-Sep-2011 , 07:58:15 am | Posted By CASANSAAR
The Cricket Board has made a net profit of Rs 189.72 crore in 2010-11, a 200 per cent increase in its surplus in the previous fiscal, BCCI treasurer M P Pandove said in his annual report. The net surplus, amounting to an increase of over Rs 126.5 crore from 2009-10, included...
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General |
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CBDT cell to track poll expenditure
Posted Date : 20-Sep-2011 , 07:55:33 am | Posted By CASANSAAR
The Central Board of Direct Taxes (CBDT) will soon have a dedicated cell to monitor election-related expenditure by political parties and donations made to them. "A special cell is being created under CBDT to look at election funding," said a finance ministry official. The new cell will be heade...
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Income Tax |
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Frequently Asked Questions (FAQs) on
Posted Date : 20-Sep-2011 , 07:51:26 am | Posted By CASANSAAR
Frequently Asked Questions (FAQs) on “Exemption in a Paper's” ...
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Category :
Students Zone |
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Govt sanctions two new investigation units for CBDT
Posted Date : 20-Sep-2011 , 07:46:39 am | Posted By CASANSAAR
In a bid to give more teeth to financial investigation and tracking down black money, the finance ministry has cleared two new units for the Central Board of Direct Taxes (CBDT). The two special investigation units, in addition to the three existing units, will widen the investigat...
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Income Tax |
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Global companies answerable to Indian consumer courts: SC
Posted Date : 19-Sep-2011 , 09:50:24 pm | Posted By CASANSAAR
International companies are answerable to Indian consumer courts for service deficiency, the Supreme Court has ruled, upholding the apex consumer forum's direction to a Lebanese international courier company to pay 71,615.75 US dollars compensation to a Mumbai-based firm. A benc...
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International Business |
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SEBI's decision to revise penalty upsets traders
Posted Date : 19-Sep-2011 , 08:46:53 am | Posted By CASANSAAR
Market regulator Sebi's recent decision to revise penalty on stock brokers and their clients for their failure to deposit margins fully or partially has left the market participants worried about its implications. Most brokers fear that the move will adversely impact participation of investor...
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SEBI |
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Satyam case: CBI seeks more time to complete trial
Posted Date : 19-Sep-2011 , 08:45:45 am | Posted By CASANSAAR
Unable to stick to the time frame to complete proceedings in the trial against former Satyam chief B Ramalinga Raju and nine others accused in the multi-crore Satyam accounting fraud case, CBI has approached the Supreme Court seeking more time to complete the task.
In an interim appl...
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General |
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GST: Empowered Committee to decide on rate soon
Posted Date : 19-Sep-2011 , 08:35:58 am | Posted By CASANSAAR
Kerala Finance Minister K. M. Mani said here on Sunday that the Empowered Committee on Goods and Services Tax (GST) would soon decide on whether to go in for one or two rates of GST in the country.
Mr. Mani, who is a member of the Committee comprising of State finance ministers, said in an articl...
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GST |
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SEBI wants a self-regulatory body to supervise financial advisers
Posted Date : 19-Sep-2011 , 08:33:48 am | Posted By CASANSAAR
The Securities and Exchange Board of India, or Sebi, has finalised new rules for regulating investment advisers on the lines of the structure in the mutual fund industry to prevent growing complaints from investors about being short-changed. The securities market regulator wants a self-regula...
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SEBI |
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Govt unveils new duty draw back scheme to give incentives to exporters
Posted Date : 19-Sep-2011 , 08:30:20 am | Posted By CASANSAAR
The government has announced a new duty draw back scheme to give incentives to exporters. Speaking to media in New Delhi, Finance Secretary R S Gujral said the Duty Entitlement Pass Book (DEPB) Scheme for exporters will end after 30th of this month. The new scheme comes into force from 1st October.&...
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International Business |
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Income tax raids against Chinar, Manmohan groups yield Rs 4.34 cr
Posted Date : 18-Sep-2011 , 07:23:32 am | Posted By CASANSAAR
The Income Tax ( Investigations), Panchkula, today disclosed that in search operations being carried out at the Chinar Group and Manmohan Singh & Company premises on September 8 and 9, there has been a seizure of Rs 4.34 crore. “It includes Rs 3.36 crore in cash and jewellery worth Rs 98...
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Income Tax |
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