I-T Dept slaps Rs 450 crore demand on Infosys
Posted Date : 14-Mar-2011 , 12:15:57 pm | Posted By CASANSAAR
The Income Tax Department has slapped a tax demand of over Rs 450 crore on software giant Infosys Technologies for wrongfully claiming tax exemption on onshore services by declaring them as software exports, Parliament was informed today.
Onshore software development is th...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 2656
|
 |
I-T Dept slaps Rs 450 crore demand on Infosys
Posted Date : 14-Mar-2011 , 12:14:15 pm | Posted By CASANSAAR
The Income Tax Department has slapped a tax demand of over Rs 450 crore on software giant Infosys Technologies for wrongfully claiming tax exemption on onshore services by declaring them as software exports, Parliament was informed today.
Onshore software development is th...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 2653
|
|
Easy Exit Scheme 2011-Extension upto 30th April 2011
Posted Date : 14-Mar-2011 , 08:49:42 am | Posted By CASANSAAR
In continuation to this Ministry’s earlier circular no. 6/2010 dated 03.12.2010 on the subject cited above, it has been decided to extend the Scheme for another three months i.e. upto 30th April, 2011.
2. All the terms of circular no. 6/2010 dated 03.12.2010 will ...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 491
|
|
SBI plans merger of 5 associate banks in next 12-18 months
Posted Date : 14-Mar-2011 , 08:48:39 am | Posted By CASANSAAR
Country's largest lender State Bank of India (SBI) plans consolidation of remaining 5 associate banks with itself in the next 12-18 months.
"... the bank (SBI) envisages consolidation of all subsidiary banks with SBI within a period of 12 to 18 m...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 446
|
|
RBI defers implementation of guidelines on CEO compensation
Posted Date : 14-Mar-2011 , 08:46:39 am | Posted By CASANSAAR
The Reserve Bank on Wednesday said it has put off implementation of its guidelines on compensation including salary for CEOs and other top executives in private and foreign banks till 2012-13.
The guidelines had been due to be implemented in 2011/12 b...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 458
|
|
Naming of coop auditors gets transparent
Posted Date : 14-Mar-2011 , 08:45:25 am | Posted By CASANSAAR
The process of appointing auditors for cooperatives is expected to become more transparent. So far the chartered accountants taking up the audit of an urban cooperative bank or a cooperative society would directly get empanelled with the state's cooperation department.
...
Continue Reading...
Category :
Auditing |
Comments :
0 | Hits : 685
|
|
Electronic payment of tax refund for deemed exports
Posted Date : 14-Mar-2011 , 08:44:36 am | Posted By CASANSAAR
Tax refund benefits relating to domestic transactions, considered as deemed exports, will now be processed electronically, the government said today.
The Directorate General of Foreign Trade (DGFT), under the Commerce Ministry, has asked its regional authoritie...
Continue Reading...
Category :
DGFT |
Comments :
0 | Hits : 10944
|
|
Sebi wants IPO forms short & simple
Posted Date : 14-Mar-2011 , 08:39:46 am | Posted By CASANSAAR
As part of its efforts to make it easier for investors to enter the stock market through public issues, Sebi is considering making application forms simpler and shorter for the IPOs.
The market regulator is also considering a common I...
Continue Reading...
Category :
SEBI |
Comments :
0 | Hits : 474
|
|
500 tax information exchange pacts signed: Pranab
Posted Date : 14-Mar-2011 , 08:38:53 am | Posted By CASANSAAR
Indian Finance Minister Pranab Mukherjee has said about 500 tax information exchange agreements have been signed between different countries across the globe, a development that will help fight the menace of tax evasion and track ill-gotten money.
Mukherjee, who is...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 434
|
|
Make CEOs of pvt firms eligible for appt of PSUs directors:DPE
Posted Date : 14-Mar-2011 , 08:37:59 am | Posted By CASANSAAR
Chief executives of private firms will be able to join PSU boards as independent directors if the proposal of the Department of Public Enterprises is accepted by the Department of Personnel and Training.
At present, only retired CEOs of the private sector are allow...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 476
|
|
|
