Customs Notification issued adding Philippines as A Country Covered under India and ASEAN PTA
Posted Date : 27-Jun-2011 , 10:29:10 am | Posted By CASANSAAR
The Department of Revenue, Ministry of Finance had issued Customs Notification No. 40/2011 Customs (N. T.) dated 24th June, 2011 notifying amendments in the Customs Tariff [Determination of Origin of Goods under the Preferential Trade Agreement between the Governments of Member States of th...
Continue Reading...
Category :
Custom |
Comments :
0 | Hits : 1088
|
 |
Sebi to discuss afresh NSDL's role in IPO scam
Posted Date : 27-Jun-2011 , 07:57:54 am | Posted By CASANSAAR
Sebi is set to reopen its probe into multi-crore IPO scam of 2003-2006, after more than a year of declaring as 'null and void' the charges made by its own committee against depository NSDL and others in the matter. Sebi will discuss afresh in its next board meeting on June 30 a two-member committee'...
Continue Reading...
Category :
SEBI |
Comments :
0 | Hits : 876
|
|
IB seeks details of private agency roped in by CBDT to sweep finance ministry premises of 'planted adhesives'
Posted Date : 27-Jun-2011 , 07:56:52 am | Posted By CASANSAAR
The government may be pulling all stops to dismiss the controversy over suspected bugging of finance minister's office as a "non-event", but the dust has not quite settled. After the media reports on Chewing Gum Gate, the Intelligence Bureau, or IB, has discreetly reopened the inquiry into facts tha...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 713
|
|
8 Indian-origin persons among 40 young global telecom leaders
Posted Date : 26-Jun-2011 , 11:49:43 am | Posted By CASANSAAR
As many as eight Indian-origin persons, including those working with Tatas and Bharti group, have been named among 40 young leaders of the global telecom industry.
Indians featured in the '40 under 40' list by Global Telecoms Business (GTB), a telecommunications magazine, include Srin...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 974
|
|
Haryana govt waives 5 pc VAT on kerosene
Posted Date : 26-Jun-2011 , 09:27:34 am | Posted By CASANSAAR
Haryana Chief Minister Bhupinder Singh Hooda today announced the decision of the state government to waive off the 5 per cent value added tax (VAT) on kerosene. The decision to make kerosene VAT-free would make it cheaper by 70 paise per litre.
Now, the consumer in Haryana would have to pay...
Continue Reading...
Category :
VAT |
Comments :
0 | Hits : 862
|
|
Govt modifies norms for filling board-level vacancies in PSUs
Posted Date : 26-Jun-2011 , 09:18:50 am | Posted By CASANSAAR
The government has modified the guidelines for filling board-level vacancies in state-owned companies in time and also to help the Central Public Sector Enterprises (CPSEs) to improve performance.
Under the new guidelines issued by the Public Enterprises Selection Board (PESB), the exercise...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 1477
|
|
EPFO to appoint fund managers by July-end
Posted Date : 26-Jun-2011 , 09:16:26 am | Posted By CASANSAAR
Retirement fund body EPFO will appoint the multiple fund managers to manage its huge corpus of Rs 3.5 lakh crore by July 31, a month ahead of its latest deadline. "Employees' Provident Fund Organisation (EPFO) will be able to wind up the process of appointment of fund managers by July 31," a Labour ...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 756
|
|
Taxpayers can now file returns through mobile phones
Posted Date : 25-Jun-2011 , 07:52:11 am | Posted By CASANSAAR
Online income tax return filing company TaxSpanner today announced launch of mobile version of its solution that would enable users to file income tax returns (ITR) from their handset.
"After introducing the eFile by eMail option where customers need to just send us an email with a few deta...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1481
|
|
RBI warns banks on real estate valuation frauds
Posted Date : 25-Jun-2011 , 07:41:41 am | Posted By CASANSAAR
Alarmed by inflated valuations of real estate properties for the purpose of loans, the Reserve Bank of India (RBI) has asked all banks to submit an action-taken report on the issue.
The matter was raised last week by RBI Governor D Subbarao during a meeting of the Board for Financial Superv...
Continue Reading...
Category :
RBI |
Comments :
0 | Hits : 844
|
|
Core debt funds allowed to take shape of MF, NBFC
Posted Date : 25-Jun-2011 , 07:35:57 am | Posted By CASANSAAR
The government has set the ball rolling on the proposed infrastructure debt funds to leverage foreign resources for a sector that needs over a trillion dollars in the Twelfth Five-Year Plan. The finance ministry on Friday put in place the framework and structure for infrastructure debt funds (IDFs),...
Continue Reading...
Category :
Finance |
Comments :
0 | Hits : 894
|
|
India amends tax treaty with Singapore
Posted Date : 25-Jun-2011 , 07:33:47 am | Posted By CASANSAAR
India and Singapore on Friday amended their Double Taxation Avoidance Agreement (DTAA) to enable more effective mutual exchange of banking and tax related information.
Under the DTAA amendment protocol, which was signed here by Central Board of Direct Taxes (CBDT) Chairman Prakash Chandra a...
Continue Reading...
Category :
Income Tax |
Comments :
1 | Hits : 836
|
|
XBRL set to bring in more transparency
Posted Date : 25-Jun-2011 , 07:31:27 am | Posted By CASANSAAR
The implementation of XBRL (eXtensible Business Reporting Language) which has been made mandatory from April 1, 2011, is expected to bring in more transparency in how companies declare their financials.
K Raghu, Central Council Member, ICAI, and Director, XBRL India, said, “In the com...
Continue Reading...
Category :
Corporate Law |
Comments :
0 | Hits : 1260
|
|
MCX to seek Rs 300-400 cr damages from NSE
Posted Date : 25-Jun-2011 , 07:24:46 am | Posted By CASANSAAR
A day after the Competition Commission of India (CCI) imposed a penalty of Rs 55.5 crore on the National Stock Exchange after finding the bourse guilty of abusing its dominant market position, its rival MCX Stock Exchange on Friday said it’s planning to make a claim for costs and damages suffe...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 755
|
|
Bharti Airtel to merge mobile, DTH & telemedia businesses; 2,000 jobs may be lost
Posted Date : 25-Jun-2011 , 02:07:05 am | Posted By CASANSAAR
Bharti Airtel has embarked on a restructuring exercise that will merge three separate businesses, triggering a large-scale job cull for the first time in the services sector since the 2008 economic slowdown.
Under this exercise, Bharti Airtel plans to merge its mobile, satellite TV ...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 1136
|
|
Diesel gets dearer by Rs 3/lt, LPG by Rs 50/cylinder
Posted Date : 24-Jun-2011 , 10:13:38 am | Posted By CASANSAAR
The Empowered Group of Ministers on fuel headed by Finance Minister Pranab Mukherjee has decided to up diesel prices by Rs 3 per litre, confirmed oil minister Jaipal Reddy. While addressing the press post the EGoM meet, he said kerosene prices have been hiked by Rs 2 per litre while LPG rates have b...
Continue Reading...
Category :
Finance |
Comments :
0 | Hits : 1215
|
|
Private PF trusts may have to hand over responsibility for investing funds to the EPFO
Posted Date : 24-Jun-2011 , 10:11:40 am | Posted By CASANSAAR
Companies managing provident fund accumulations of their employees in-house may soon have to hand over the entire corpus to employees' provident fund organisation, or EPFO, as government looks for ways to ensure retirement saving of workers are protected.
The Central Board of Trustees...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 1071
|
|
Exempt professionals from social security tax: India to US
Posted Date : 24-Jun-2011 , 10:02:50 am | Posted By CASANSAAR
India today asked the US to move ahead with an agreement which would exempt professionals from payment of security taxes to mitigate the impact of a visa fee hike last year.
Both the sides are negotiating Bilateral Totalisation Agreement (BTA), which once signed, would benefit lakhs o...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 762
|
|
India to overtake US as world's second largest trading nation: Citibank
Posted Date : 24-Jun-2011 , 10:01:10 am | Posted By CASANSAAR
In less than 40 years India will overtake the US as the world's second-largest trading nation , pushing today's superpower into third place and Europe in to the little leagues, according to a new report by Citigroup .
"According to our projections, world trade in goods and services wi...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 802
|
|
Govt to evolve market friendly stamp duty structure
Posted Date : 24-Jun-2011 , 08:15:54 am | Posted By CASANSAAR
The government is working on a uniform stamp duty structure for transactions in the capital on commodity markets. Finance ministry sources said in New Delhi that Department of Economic Affairs and Department of Revenue are in consultation to evolve a market friendly stamp duty structure.
Th...
Continue Reading...
Category :
General |
Comments :
0 | Hits : 793
|
|
Salaried persons with less than Rs 5 lakh taxable income need not file returns
Posted Date : 24-Jun-2011 , 08:04:43 am | Posted By CASANSAAR
Salaried individuals with taxable income of less than Rs 5 lakh will not have to file income-tax returns in the current assessment year. The finance ministry notified the scheme on Thursday, spelling out the conditions for the exemption announced in the Budget for 2011-12. Individuals with total tax...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1322
|
|
Cost Inflation Index for Financial Year 2011-12 / Assessment year 2012-13
Posted Date : 24-Jun-2011 , 08:03:08 am | Posted By CASANSAAR
CBDT has vide Notification No. 35/2011 dated declared cost inflation Index for the financial year 2011-12. Cost inflation index for the financial year 2011-12 (Assessment year 2012-13) is 785. Full text of the Notification is as follows:-
COST INFLATION INDEX FOR FINANCIAL YEAR 2011-12
NOTIFIC...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 2227
|
|
Exclusion of certain topics in the CA Final Examination to be held in November, 2011 and thereafter
Posted Date : 24-Jun-2011 , 07:49:01 am | Posted By CASANSAAR
IMPORTANT ANNOUNCEMENT
BoS/Announcement/227/11
June 23, 2011
Sub: Exclusion of certain topics in the CA Final Examination to be held in November, 2011 and thereafter
-------
On a review of the syllabus for the Final Course, the Council has decided to exclude the ...
Continue Reading...
Category :
Students Zone |
Comments :
0 | Hits : 1641
|
|
Period of Validation of Registration in Chartered Accountancy Course
Posted Date : 24-Jun-2011 , 07:45:47 am | Posted By CASANSAAR
Important Announcement for Chartered Accountancy Course Students
BoS/Announcement/227/11
June 23, 2011
Sub: Period of Validation of Registration in Chartered Accountancy Course
-------------
In order to streamline the period of validity of registration for Common...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1682
|
|
Extension of date for registration for Integrated Professional
Posted Date : 24-Jun-2011 , 07:35:21 am | Posted By CASANSAAR
IMPORTANT ANNOUNCEMENT
BoS/Announcement/227/11
June 23, 2011
Sub: Extension of date for registration for Integrated Professional Competence Course (IPCC)
-------
In order to mitigate the hardship being faced by the students in registering for Integrated Professional Compete...
Continue Reading...
Category :
Students Zone |
Comments :
0 | Hits : 897
|
|
India Inc raises $2 bn in April through ECBs, FCCBs
Posted Date : 23-Jun-2011 , 09:51:34 am | Posted By CASANSAAR
India Inc raised over $ 2.06 billion from overseas markets in April through external commercial borrowings (ECBs) and foreign currency convertible bonds (FCCBs), the Reserve Bank said. Around 55 companies raised over $ 1.54 billion for various projects through the automatic route, which does not req...
Continue Reading...
Category :
Finance |
Comments :
0 | Hits : 889
|
|
Sebi to Sahara: Refund money raised via OFCDs with 15% interest
Posted Date : 23-Jun-2011 , 09:45:27 am | Posted By CASANSAAR
Market regulator SEBI on Thursday asked two Sahara group entities to return money collected from millions of investors through an instrument named Optionally Fully Convertible Debentures (OFCD), citing violation of regulatory norms.
As per a Sebi order, S...
Continue Reading...
Category :
SEBI |
Comments :
0 | Hits : 852
|
|
Tax evasion: Govt authorises IT Department to initiate legal action
Posted Date : 23-Jun-2011 , 08:16:23 am | Posted By CASANSAAR
The Government has authorised the Income Tax Department to initiate legal action in tax evasion cases where Indian investments are located in foreign countries. Official sources said in New Delhi that the Central Board of Direct Taxes has issued an order that the Income Tax department does not need ...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1068
|
|
No excise duty on school uniforms, towels: CBEC
Posted Date : 23-Jun-2011 , 08:15:42 am | Posted By CASANSAAR
In a relief to the garment industry, the government today said no excise duty will be imposed on uniforms and items like towels if they merely bear logo of the institution or company they are made for.
".Such products would not merit treatment as branded products merely because the name of the sc...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 1318
|
|
Unitech gets CEI notice for defaulting on service tax
Posted Date : 23-Jun-2011 , 07:22:09 am | Posted By CASANSAAR
The Central Excise Intelligence (CEI) has issued a notice to a leading real estate company, Unitech Limited, for not paying service tax of over Rs 43 crore to the government, for several road maintenance projects.
The notice, demanding the service tax, was sent to the South City office of Unitech ...
Continue Reading...
Category :
Service Tax |
Comments :
0 | Hits : 849
|
|
Income Tax inquiry against former Chief Justice Balakrishnan
Posted Date : 23-Jun-2011 , 07:18:51 am | Posted By CASANSAAR
The Home Ministry has asked the revenue department for a report on allegations that former Chief Justice of India K G Balakrishnan acquired assets disproportionate to his known sources of income during his tenure as a Supreme Court judge and CJI.
Sources said the move to ask...
Continue Reading...
Category :
Income Tax |
Comments :
0 | Hits : 837
|
|
|
