Collecting data on I-T returns of political parties: FinMin
Posted Date : 26-Aug-2011 , 06:00:22 pm | Posted By CASANSAAR
The government today said the Income Tax Department is collecting information on tax returns filed by various political parties and would place it in Parliament.
"The information is being collected from the field formations spread all over the country and to the extent possible shall be laid on the...
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Income Tax |
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Unwanted calls, SMS's will get stopped from October 1st: TRAI
Posted Date : 26-Aug-2011 , 08:15:55 am | Posted By CASANSAAR
Telecom regulator TRAI has said that from first of October unwanted calls and SMS's will get stopped. TRAI Chairman J S Sarma said at a function in New Delhi that a new Telecom regulatory policy will come into force from October.Mr. Sarma asked leading telecom service providers, including Bharti air...
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General |
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Resolve investor complaints within a month: Sebi to brokers
Posted Date : 26-Aug-2011 , 08:12:30 am | Posted By CASANSAAR
Capital markets regulator Sebi today directed stock brokers and sub-brokers to redress investor complaints within a month of receiving them, saying that failure to do so would make them liable for penal action. The direction comes a day after it announced that all investor complaints should be forwa...
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SEBI |
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Delhi HC inquires whether CAG can audit discoms' accounts
Posted Date : 26-Aug-2011 , 08:10:57 am | Posted By CASANSAAR
The Delhi High Court today issued notices to the private discoms -- BSES Rajdhani, BSES Yamuna and North Delhi Power Limited (NDPL) and asked them to file their response on a petition seeking audit of their accounts by the Comptroller and Auditor General (CAG). Taking note of the petition filed...
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Auditing |
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Finmin readies GST for 2012-13 rollout
Posted Date : 26-Aug-2011 , 08:08:29 am | Posted By CASANSAAR
Implementation of a nationwide goods and services tax (GST) in 2012-13 suddenly seems possible, with the assertion of the chairman of the empowered committee of state finance ministers, Sushil Modi, to work towards meeting the April 2012 deadline.
A senior finance ministry official ...
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Service Tax |
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NSE to launch futures and options contracts on S&P 500 and futures on Dow Jones from August 29
Posted Date : 26-Aug-2011 , 08:04:53 am | Posted By CASANSAAR
Come Monday, Indian investors will be able to directly place bets on two of the leading US equity indices, without worrying about foreign currency. The National Stock Exchange (NSE) will go live with rupee-denominated derivative contracts on S&P500 and Dow Jones Industrial Average (DJIA) indices...
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Shares & Stock |
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Debate on SBI Bill stalled in RS over technical flaw
Posted Date : 26-Aug-2011 , 08:00:30 am | Posted By CASANSAAR
To the embarrassment of the Government, discussion on a SBI subsidiary bill was stalled in the Rajya Sabha today after an error was detected by the Opposition.
As the debate was underway, BJP Deputy Leader SS Ahluwlaia pointed that a flaw in State Bank of India (Subsidiary Banks Laws) Amendment B...
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Banking |
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Tax evasion worth crores detected in IT raids in small distts
Posted Date : 26-Aug-2011 , 07:57:43 am | Posted By CASANSAAR
In a first of its kind action in the state, the Income Tax department has conducted surveys in small districts and unearthed tax evasion to the tune of close to Rs 18 crore.The department recently conducted a special drive and conducted raids at the business premises of firms in Tikamgarh dist...
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Income Tax |
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New Companies Act
Posted Date : 26-Aug-2011 , 07:55:54 am | Posted By CASANSAAR
The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Lok Sabha that keeping in view the developments taking place nationally as well as internationally and with a view to modernize the structure for corporate sector through enlightened regulation, a decisio...
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Corporate Law |
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Salaries of Chief Executives
Posted Date : 26-Aug-2011 , 07:54:32 am | Posted By CASANSAAR
The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Lok Sabha that the Companies Act, 1956 has prescribed a ceiling on the remuneration of chief executive officers (CEOs) of companies . The total managerial remuneration to be paid to a Board level CEO...
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Corporate Law |
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Foreign Companies in India
Posted Date : 26-Aug-2011 , 07:53:05 am | Posted By CASANSAAR
The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Lok Sabhathat 820 foreign companies have been registered during the last three years.
&nbs...
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Corporate Law |
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Vanishing Companies
Posted Date : 26-Aug-2011 , 07:51:42 am | Posted By CASANSAAR
The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Lok Sabhathat 238 Companies have been identified as vanishing companies.
Compan...
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Corporate Law |
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0 | Hits : 733
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Half of Indian employees plan to change jobs: Mercer survey
Posted Date : 25-Aug-2011 , 05:01:14 pm | Posted By CASANSAAR
About 54% of Indian employees are seriously considering leaving their jobs for better opportunities in terms of career and base pay, according to the latest Mercer's What's Working survey. This is a substantial jump of 28% from 26% employees planning to change jobs in 2004. Women may be leadi...
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General |
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4 Delhi Metro stations near PM's residence closed
Posted Date : 25-Aug-2011 , 04:48:35 pm | Posted By CASANSAAR
Four metro stations near the Prime Minister's official residence here were closed today as a precautionary measure following a call by Team Anna Hazare to people to hold a protest there. The four stations -- Udyog Bhawan, Race Course, Jor Bagh on Gurgaon Line and Khan Market on Badarpur corrido...
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General |
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Apple CEO Steve Jobs resigns: Now investors can focus on just how good Apple is
Posted Date : 25-Aug-2011 , 12:36:50 pm | Posted By CASANSAAR
Few companies are as indelibly linked to an individual as Apple is to Steve Jobs. Not only one of the founders, he led the company from near bankruptcy to become one of the most valuable companies in the world. News on Wednesday of his retirement from running day-to-day operations is a blow -...
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International Business |
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India Signs DTAA with Georgia
Posted Date : 24-Aug-2011 , 09:38:35 pm | Posted By CASANSAAR
he Government of India today signed an Agreement for Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income and on Capital (DTAA) with Government of Georgia. The Agreement was signed today by Mr. M.C.Joshi, Chairman, Central Board of Direct Taxes(CBDT) on b...
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Income Tax |
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I can fast for nine more days: Anna Hazare
Posted Date : 24-Aug-2011 , 06:16:52 pm | Posted By CASANSAAR
Amid concerns over his health as his protest entered ninth day, Anna Hazare on Wednesday said he could fast for another nine days.
"My fast has entered the ninth day. Nothing will happen to me. I can fast for another nine days. We will fight together," he told the gathering at Ramlila Maidan. The...
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General |
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Verification Status of May-2011 Examinations (Final)
Posted Date : 24-Aug-2011 , 07:29:48 am | Posted By CASANSAAR
1) Roll Numbers of candidates where no change in marks found Click Here All these candidates have been intimated by post. 2) Roll Numbers of candidates where change in marks found but there is no change in result or exemption in applied papers found Click ...
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Students Zone |
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RBI for splitting posts of chairmen & CEOs in PSBs
Posted Date : 24-Aug-2011 , 07:27:59 am | Posted By CASANSAAR
After implementing the move to split the posts of chairmen and chief executive officers (CEOs) in private banks in 2007, the Reserve Bank of India (RBI) is now considering the same step for public sector banks.
At a banking seminar organised by the Federation of Indian Chambers of Commerce ...
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RBI |
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Rs 200 cr tax notice to Delhi, Mumbai airport operators: Fin Min
Posted Date : 24-Aug-2011 , 07:25:47 am | Posted By CASANSAAR
The government on Tuesday said it has issued notices to operators of Delhi and Mumbai airports to recover service tax dues amounting to about Rs 200 crore. "(A)Showcause-cum-demand notice has been issued to Mumbai International Airport Pvt Ltd...demanding service tax of Rs 54.68 crore for the...
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Service Tax |
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SC questions UP
Posted Date : 24-Aug-2011 , 07:22:05 am | Posted By CASANSAAR
The Supreme Court on Tuesday sought the Centre's response to an appeal filed by UP government, which questioned the Allahabad High Court's interim order restraining it from levying 21% value-added tax on natural gas supplied by Reliance Industries Ltd to industrial units in the s...
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VAT |
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Mah Satyam may approach AP HC over IT tax notice
Posted Date : 24-Aug-2011 , 07:19:26 am | Posted By CASANSAAR
IT consulting and outsourcing company, Mahindra Satyam, is poised to wage a legal battle against the income tax (I-T) department, which served draft notices on the company demanding payment of Rs 1,037.69 crore and Rs 1,075.73 crore for the 2002-03 and 2007-08 assessment years respectively, ...
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Income Tax |
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60 percent registered service tax payers not filing returns
Posted Date : 24-Aug-2011 , 07:02:19 am | Posted By CASANSAAR
The Revenue Department is trying to locate 9 lakh business entities which have stopped filing service tax returns, with a view to improving collections, meeting Rs 82,000-crore target in 2011-12 and to ascertain whether there is any tax evasion. There are 15 lakh registered service tax pay...
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Category :
Service Tax |
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CAG not taking our response in finalising report: RIL
Posted Date : 23-Aug-2011 , 09:46:09 pm | Posted By CASANSAAR
Days before CAG presents its final audit report to Parliament, Reliance Industries fears that the official auditor was not taking into account the reply it submitted to CAG's draft findings on eastern offshore KG-D6 gas fields. RIL Senior Vice President (Commercial) B Ganguly in a August 11, ...
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Auditing |
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Clarification regarding non-inclusion of audits conducted under sections 44AD, 44AE and 44AF in the
Posted Date : 23-Aug-2011 , 05:13:07 pm | Posted By CASANSAAR
In order to clarify the doubt raised by majority of members in respect of inclusion of audits conducted under sections 44AD, 44AE and 44AF of the Income-tax Act, 1961 in the specified number of tax audit assignments, the extracts of Para 6 of Chapter VI “Tax Audit assignments under section 44A...
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ICAI |
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Only e-payments by PSBs from Sept 1
Posted Date : 22-Aug-2011 , 01:39:37 pm | Posted By CASANSAAR
Move aimed at speeding up process, checking corruption in funds’ transfer.
The Union finance ministry has told all state-owned banks and financial institutions to make payments only electronically from next month.
The move is aimed at checking corruption in transfer of funds ...
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Banking |
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Finance Ministry to launch a new scheme to refund service tax on goods exported
Posted Date : 22-Aug-2011 , 07:25:54 am | Posted By CASANSAAR
The country's biggest exporters, such as Bajaj Auto, Reliance Industries, Welspun, will soon receive electronic refund of service tax on inputs in goods exported. The finance ministry is all set to launch a new scheme to refund service tax to exporters on the lines of duty drawback scheme...
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Service Tax |
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PricewaterhouseCoopers India grappling with people issues even after two years of the Rs 7,000-crore Satyam fraud case
Posted Date : 22-Aug-2011 , 07:24:11 am | Posted By CASANSAAR
PricewaterhouseCoopers India, one of the largest and oldest professional services firms in the country, is grappling with people issues, including an inability to clearly specify the future role of a former chief and a failure to stem senior partner exits as clients fret on the possible impact...
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General |
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Gold rally makes govt richer by $5-bn in August so far
Posted Date : 21-Aug-2011 , 06:40:58 pm | Posted By CASANSAAR
The bullion traders and investors are not alone in reaping rich benefits from the glittering gold prices and the strategy of keeping a substantial holding of the yellow metal seems to be working well for the government too. A sharp rally of over 20 per cent in gold prices so far this month ha...
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General |
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FICCI seeks speedy implementation of GST to curb problem of black money
Posted Date : 20-Aug-2011 , 10:32:24 pm | Posted By CASANSAAR
Industry body FICCI has sought expeditious implementation of the proposed goods and service tax (GST) saying it could also help curb the cash economy in the country, and hence the problem of black money. "GST is a perfect platform to unearth black money....if somebody has to evade taxes u...
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GST |
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