Blast outside Delhi HC, many injured
Posted Date : 07-Sep-2011 , 10:45:53 am | Posted By CASANSAAR
An explosion was reported outside the Delhi High Court on Wednesday and 24 people were injured in the blast. The explosion took place outside Gate No. 5 of the Delhi High Court.
The injured were rushed to the nearest government hospital the RML Hospital.
Gate no. 5 of the Delhi High Court is whe...
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General |
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Govt rules out allowing foreign firms in auditing operations in country
Posted Date : 07-Sep-2011 , 08:09:52 am | Posted By CASANSAAR
Government has ruled out allowing foreign firms in auditing operations in the country. The State Minister of Finance, Mr. Namo Narain Meena today told Rajya Sabha in a written reply that the foreign firms cannot carry out auditing functions in the country. They can however, operate in areas as consu...
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Auditing |
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0 | Hits : 1088
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RBI comittee recommends increase in PPF Deposit Limit from Rs. 70,000 to Rs. One Lac
Posted Date : 07-Sep-2011 , 07:29:49 am | Posted By CASANSAAR
The Committee on Comprehensive Review of National Small Savings Fund (NSSF) headed by Deputy Governor, RBI has recommended revision of certain provisions of PPF Scheme, 1968 and benchmarking of interest rates on various small savings schemes with the secondary market yie...
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Income Tax |
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0 | Hits : 1236
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No pre-payment fee on floater loans, says RBI
Posted Date : 07-Sep-2011 , 07:22:10 am | Posted By CASANSAAR
It's good news for those thinking of prepaying their home loans to lessen the EMI burden. The Reserve Bank of India (RBI) on Tuesday directed banks not to impose pre-payment charges on floating rate loans, a decision taken at its annual conference on banking ombudsman held on Monday.
Banks can, h...
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Banking |
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0 | Hits : 1303
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Govt receives info about 7700 cases of blackmoney: FinMin
Posted Date : 07-Sep-2011 , 07:18:34 am | Posted By CASANSAAR
The government today said it has collected specific information from treaty countries on 7,704 cases where payments were received from non-residents in various countries over the past two years and was investigating the cases.
"In the last 24 months Income Tax Department have collected 7,704...
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Finance |
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0 | Hits : 733
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Cambridge remains world's top University, Harvard, MIT follow
Posted Date : 06-Sep-2011 , 10:43:54 pm | Posted By CASANSAAR
University of Cambridge has retained the number one spot ahead of Harvard, while MIT has jumped to the third place ahead of Yale and Oxford in the eighth QS World University Rankings.
The US takes 13 of the top 20 spots and 70 of top 300 places in the latest world rankings of Universities compi...
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Income Tax |
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0 | Hits : 877
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No evidence to suggest rise in tax evasion: Government
Posted Date : 06-Sep-2011 , 10:38:50 pm | Posted By CASANSAAR
The government on Tuesday said there is no evidence to suggest any increase in incidence of tax evasion over the previous years. "There is no evidence to suggest that there has been a rise in evasion of income tax over the previous years," Minister of State for Finance S S Palanimanickam said...
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Income Tax |
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0 | Hits : 687
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Amar Singh arrested, sent to judicial custody
Posted Date : 06-Sep-2011 , 03:53:05 pm | Posted By CASANSAAR
Former SP general secretary Amar Singh has been arrested in connection with the cash-for-vote scam. Delhi court rejected his bail petition and sent him to judicial custody.
He can file for regular bail on September 16. Mahavir Bhagora has also been arrested. Earlier, he claimed claimed that...
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General |
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0 | Hits : 801
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Yes Bank appoints CA. Asit Oberoi as Sr President and COO
Posted Date : 06-Sep-2011 , 08:27:10 am | Posted By CASANSAAR
Private sector lender Yes Bank today said it has appointed CA.Asit Oberoi as its Senior President and Chief Operating Officer. Oberoi will be responsible for overall operations and service delivery at the bank, according to a bank statement issued here. A chartered accountant, Oberoi has 20 ...
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Income Tax |
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1 | Hits : 1022
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Supreme Court notice to government on IFCI chief appointment
Posted Date : 06-Sep-2011 , 08:23:09 am | Posted By CASANSAAR
The Supreme Court on Monday issued notice to the central government on a plea challenging the appointment of Atul Kumar Rai as the chief executive officer and managing director of Industrial Finance Corporation of India (IFCI) despite his alleged involvement in "serious corrupt practices". T...
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Finance |
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0 | Hits : 765
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DTH service like a cinema ticket, Delhi govt can tax: HC
Posted Date : 06-Sep-2011 , 08:14:46 am | Posted By CASANSAAR
Direct-To-Home (DTH) television subscribers in Delhi will continue to pay more. The Delhi High Court on Monday said the DTH service was like a cinema ticket providing continuous entertainment to viewers and hence, liable to be taxed by the state government.
The division bench of Justic...
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Service Tax |
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0 | Hits : 988
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Swiss banks like Credit Suisse, UBS vow to protect secrecy amid US ultimatum
Posted Date : 06-Sep-2011 , 08:05:18 am | Posted By CASANSAAR
Switzerland must solve a dispute with the United States over wealthy citizens using secret Swiss accounts to dodge taxes under existing laws and should continue to protect bank secrecy, the Swiss Bankers Association head said on Monday. The association's president, Patrick Odier, made the commen...
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Income Tax |
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0 | Hits : 676
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Sebi has power to direct unlisted firms, says SAT
Posted Date : 06-Sep-2011 , 08:01:24 am | Posted By CASANSAAR
The Securities Appellate Tribunal (SAT) on Monday observed that the Securities and Exchange Board of India (Sebi) has wider powers under the Sebi Act to issue directions to even unlisted firms to protect interest of investors in the securities market.
The SAT observation came in response to a S...
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SEBI |
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0 | Hits : 833
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Parliament passes SBI Subsidiary Banks Bill
Posted Date : 05-Sep-2011 , 07:15:39 pm | Posted By CASANSAAR
Parliament on Monday passed a Bill which seeks to transfer powers to the Central Government from the Reserve Bank with regard to SBI subsidiary, State Bank of Hyderabad. The Lok Sabha approved the amendment made by the Rajya Sabha and passed the Bill. Though the Lok Sabha had already passe...
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Banking |
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0 | Hits : 1168
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Under Staffing in Competition Commission of India Question
Posted Date : 05-Sep-2011 , 07:14:02 pm | Posted By CASANSAAR
Out of the 156 posts sanctioned for the Competition Commission of India (CCI) and 41 posts sanctioned for Director General, CCI, 77 and 25 posts, respectively, are lying vacant. Till date, CCI has decided 102 cases, out of total number of 194 cases/information received by it under various secti...
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Corporate Law |
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0 | Hits : 735
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Expenditure on Corporate Social Responsibility
Posted Date : 05-Sep-2011 , 07:13:20 pm | Posted By CASANSAAR
The Government has not made it compulsory for every company to have a policy for Corporate Social Responsibility (CSR). However, the Department of Public Enterprises has issued comprehensive CSR guidelines for Central Public Sector Enterprises in April, 2010 wherein these enterprises, except those m...
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Corporate Law |
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0 | Hits : 720
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In letter to CBDT, Kejriwal admitted violating bond, for
Posted Date : 05-Sep-2011 , 07:32:59 am | Posted By CASANSAAR
Contesting an Income Tax notice to him over money he owes the government, Team Anna member Arvind Kejriwal has claimed he did not breach any bond norms. However, in a June 2007 letter, he had admitted to having violated the pledge he had signed before proceeding on a two-year study leave from his ...
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Income Tax |
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0 | Hits : 996
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Indian IT hiring down 49 pc in August amid US, Europe crisis
Posted Date : 05-Sep-2011 , 07:27:09 am | Posted By CASANSAAR
Recruitment by Indian IT companies witnessed a slowdown in the month of August, owing to the crisis in the US and Europe region, but the overall hiring mood in the country is upbeat, says a survey. It might take 2-3 months for recruitment activities in the IT sector to gain momentum, accordin...
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International Business |
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0 | Hits : 777
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Not possible to have UK-type tax treaty with Switzerland: CBDT
Posted Date : 04-Sep-2011 , 04:33:14 pm | Posted By CASANSAAR
Unlike the United Kingdom, India cannot have a treaty with Switzerland under which the deposits of Indians in Swiss banks would be taxed by the European nation, says the Central Board of Direct Taxes (CBDT). "We cannot have such a treaty with Switzerland because the environment is not condu...
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Income Tax |
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0 | Hits : 880
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Women empowerment will bring socio-economic change : Pranab
Posted Date : 04-Sep-2011 , 04:26:31 pm | Posted By CASANSAAR
Union Finance Minister Pranab Mukherjee while addressing a gathering in Kolkata stated that women empowerment at the grass root level would bring the desired social economic change in the country.
He was addressing the audience on the launch of 'Sukanya' project on Saturday. Mukherjee reit...
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General |
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0 | Hits : 979
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CA aspirants await Centre nod to skip proficiency test
Posted Date : 04-Sep-2011 , 08:31:50 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI), which had asked the Centre to exempt graduates securing more than 55% marks from writing the Common Proficiency Test (CPT), is still awaiting a response. "The Centre's delay has created confusion," said Archana Ravi, a ...
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Students Zone |
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0 | Hits : 1189
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Cabinet ministers declare assets; Kamal Nath richest with Rs 263 crore
Posted Date : 03-Sep-2011 , 03:59:58 pm | Posted By CASANSAAR
Prime Minister Manmohan Singh, who had taken strong exception to a remark last month by a senior member of parliament on his personal integrity, led his council of ministers in declaring their personal assets on the official web site. His wealth is estimated at Rs.5 crore and he owns a Mar...
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General |
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0 | Hits : 954
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Instructions to examiners can be made public post exam: SC
Posted Date : 03-Sep-2011 , 10:04:17 am | Posted By CASANSAAR
The Supreme Court (SC) on Friday ruled that instructions issued to examiners in competitive examinations by the agency conducting the exam could be disclosed under the right to information (RTI) law, once the test is held.
The court pronounced the decision in the case between the Institut...
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Income Tax |
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0 | Hits : 1073
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Direct Taxes Code may come into force from April next year, says Pranab Mukherjee
Posted Date : 03-Sep-2011 , 10:01:38 am | Posted By CASANSAAR
Finance Minister Pranab Mukherjee today hoped that the Direct Taxes Code (DTC), which seeks to replace the Income Tax Act of 1961, would come into force from April 1, 2012. "If we have it (the report of Standing Committee) in the Winter Session (of Parliament), I will have no problem in effec...
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Category :
Income Tax |
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0 | Hits : 1029
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I-T dept attempts to unlock direct tax worth Rs2 lakh crore
Posted Date : 03-Sep-2011 , 10:00:10 am | Posted By CASANSAAR
Income tax officials in Mumbai have been instructed by top authorities to recover tax blocked as arrears and locked in dispute, in order to achieve their revised targets. The motivation behind this is a whopping Rs 2 lakh crore of revenue. According to income tax (I-T) officials, the city has 2.1&nb...
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Income Tax |
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0 | Hits : 888
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I-T dept asks Kejriwal to pay dues of Rs 9 lakh
Posted Date : 02-Sep-2011 , 01:23:50 pm | Posted By CASANSAAR
In more embarrassment coming for Team Anna, reports have emerged that Anna Hazare's aide Arvind Kejriwal was slapped a notice by the Income Tax department last month.
The Income-Tax notice slapped on the Magsaysay Award winner asked him to pay dues of more than Rs 9 lakh.
The notice was served a...
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Income Tax |
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2 | Hits : 1060
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Wife can seek maintenance for adult offsprings, rules HC
Posted Date : 02-Sep-2011 , 07:53:14 am | Posted By CASANSAAR
The Bombay High Court has held that an estranged wife can seek maintenance from her husband for and on behalf of her adult daughter or son as long as the offspring is dependent on her.
"A daughter may have attained majority but so long as she is unmarried and de...
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General |
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0 | Hits : 993
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Payment for copyrighted goods not royalty: ITAT
Posted Date : 02-Sep-2011 , 07:22:40 am | Posted By CASANSAAR
The over 3 crore paid by erstwhile Reliance Infocomm, now Reliance Communications, for software sold by an Israel-based company does not amount to royalty fees and cannot be taxed in India, according to a ruling of the Income-tax Appellate Tribunal (ITAT), Mumbai.
The income tax depa...
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Income Tax |
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0 | Hits : 875
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Independent auditing of cooperatives, NGOs needed: ICAI
Posted Date : 02-Sep-2011 , 07:21:49 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India has stressed the need for independent auditing of cooperative societies, various educational trusts and NGOs, saying it would bring down discrepancies in financial statements. ICAI President G Ramaswamy said revenue of NGOs, cooperatives and e...
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ICAI |
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0 | Hits : 1046
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Govt's choice of sectors exempt from service tax is wrong
Posted Date : 02-Sep-2011 , 07:15:15 am | Posted By CASANSAAR
The finance ministry has proposed a list of service providers who will be not be taxed under the goods and services tax regime. A negative list - where some services will be exempt and others will be taxed - is a good idea. It will bring many untapped sectors under the net, reduce disputes ...
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Category :
Service Tax |
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0 | Hits : 975
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