Delhi govt to rein in placement agencies
Posted Date : 28-Apr-2011 , 09:25:12 pm | Posted By CASANSAAR
Delhi government today decided to rein in placement agencies across the city and put an end to the "dubious modus operandi" of some of them after it emerged that owner of one such agency was allegedly involved in kidnapping an 18-month old baby to make a fast buck.
The government also...
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General |
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Air India pilots still on strike, over 50 Air India flights cancelled
Posted Date : 28-Apr-2011 , 08:58:59 pm | Posted By CASANSAAR
With the Air India pilots” strike entering its second day on Thursday, over fifty flights were cancelled while several others were delayed.
In Delhi, 33 domestic flights were cancelled, as the airline management decided to operate only those flights for which cabin crew as well as ade...
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General |
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EPFO to pay 9.5 percent interest foe F.Y. 2011-12 till new rate is decided
Posted Date : 28-Apr-2011 , 08:50:02 pm | Posted By CASANSAAR
Subscribers of retirement fund manager EPFO, settling their final claims before the new rate is announced for the current fiscal, will get the existing 9.5 per cent interest on their deposits.
“Since the rate of interest (on deposits) for 2010-11 has been declared as 9.5 per cent per ...
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Income Tax |
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ICAI
Posted Date : 28-Apr-2011 , 11:09:58 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI)’s annual international meet started in Dubai on Thursday. More than 800 delegates from various GCC countries attended the inaugural session of the two-day conference hosted by Dubai chapter of the Institute.
Held under the theme “Wo...
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ICAI |
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PAC meeting on 2G scam remains inconclusive; 11 of 21 members reject draft report
Posted Date : 28-Apr-2011 , 11:02:01 am | Posted By CASANSAAR
The Public Accounts Committee meeting on Thursday remained inconclusive. Eleven out of 21 members of the Committee rejected the draft report on 2-G scam prepared by the Chairman of the Committee Dr. Murli Manohar Joshi.
The Committee was scheduled to submit its report by Saturday. Dr. M M J...
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General |
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Wipro's Azim Premji concerned over various scandals
Posted Date : 28-Apr-2011 , 10:47:41 am | Posted By CASANSAAR
IT czar Azim Premji today expressed concern over various scandals that have surfaced in the country during the last one year and said good leadership in politics, bureaucracy, business and society would help end corruption in India.
"In the last one year we witnessed the Telecom scandal, CWG and me...
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General |
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Income Tax dept to give transcript of Radia tapes to CBI, ED:SC
Posted Date : 27-Apr-2011 , 09:00:57 pm | Posted By CASANSAAR
The Supreme court on Wednesday directed the Income Tax department to provide a transcript of tapped conversations of corporate lobbyist Neera Radia with corporate honchos, politicians and bureaucrats to CBI and ED which are probing 2G scam case.
A bench of Justices GS Singhvi and AK Ganguly passed ...
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Income Tax |
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Raja refuses to disclose I-T details under RTI
Posted Date : 27-Apr-2011 , 08:58:57 pm | Posted By CASANSAAR
Former union telecom minister A Raja, who is in Tihar jail in the spectrum scam, has objected to the disclosure of his tax returns by the income-tax department under the Right To Information (RTI) Act.
Acting on his objection, the department has rejected the RTI application filed by V Gopalakrishna...
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Income Tax |
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Kochi Tuskers in tax-evasion row
Posted Date : 27-Apr-2011 , 11:13:38 am | Posted By CASANSAAR
Trouble for Kochi Tuskers Kerala never seems to end -- a fresh row has broken out now between the franchise and Cochin Corporation over alleged tax evasion on ticket sales.
Ahead of Wednesday night's match, when the tickets were brought to the corporation for sealing, a new batch of tickets priced ...
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Income Tax |
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0 | Hits : 777
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US seeks changes in India's DTH satellite policy
Posted Date : 27-Apr-2011 , 11:11:26 am | Posted By CASANSAAR
The US has said it will "encourage" India to change its policies which give exclusive rights to the Indian Space Research Organisation (ISRO) for selling the satellite capacity to the lucrative direct-to-home television market.In a report, the US Trade Representative (USTR) raised concerns over Indi...
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General |
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Wipro to hike wages by 12-15 pc for staff in India
Posted Date : 27-Apr-2011 , 11:10:25 am | Posted By CASANSAAR
The country's third largest software exporter Wipro today said it will hike salaries for its employees in India by 12-15 per cent as it looks to counter high attrition.The wage hike, effective June 1, will be to the tune of 2-4 per cent for onsite staff (at the customer site).Announcing Q4 201...
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General |
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I-T can reopen file if income not assessed properly
Posted Date : 27-Apr-2011 , 05:54:18 am | Posted By CASANSAAR
The Delhi High Court has ruled that the Revenue can reopen the assessment proceedings on change of opinion that the income of the assessee has escaped assessment. Such re-opening of the assessment by the Income Tax department is legal where no return has been filed by the assessee for the assessment...
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Income Tax |
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3 | Hits : 1123
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Obama seeks to end tax subsidies for oil companies
Posted Date : 27-Apr-2011 , 05:44:26 am | Posted By CASANSAAR
US President Barack Obama on Tuesday urged Congressional leadership to take immediate action to eliminate unwarranted tax breaks for the oil and gas industry and to use those dollars to invest in clean energy and reduce America's dependence on foreign oil.Obama shot off a letter to the Congressional...
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General |
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0 | Hits : 875
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Indian names in Swiss bank data list : Assange
Posted Date : 26-Apr-2011 , 09:19:13 pm | Posted By CASANSAAR
In comments that could fuel a fresh controversy over the black money issue, WikiLeaks founder Julian Assange today said there are Indian names in the Swiss bank data list that are going to be made public.
"Yes, there are Indian names in the data that we have already published or are going to publis...
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Income Tax |
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1 | Hits : 1240
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Delhi, Mumbai airport development fee without
Posted Date : 26-Apr-2011 , 09:12:49 pm | Posted By CASANSAAR
The levy and collection of development fees (DF) from airline passengers in Delhi and Mumbai by the private operators of these airports is illegal, the Supreme Court said today.
The court barred the Mumbai airport operator — Mumbai International Airport Limited (MIAL) — ...
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General |
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Now, quote PAN to buy gold in cash
Posted Date : 26-Apr-2011 , 09:01:04 pm | Posted By CASANSAAR
UNDER attack for not being able to curb black money transactions, the finance ministry is planning to make quoting of the permanent account number (PAN) mandatory for more transactions. The income tax (I-T) department may make quoting of PAN in documents for sale and purchase of bullion or jewellery...
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Income Tax |
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0 | Hits : 995
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SBI rules out merger of affiliates this year
Posted Date : 26-Apr-2011 , 08:54:31 pm | Posted By CASANSAAR
Finance Minister Pranab Mukherjee will review the performance of all public sector banks next month after they announce financial results for 2010-11, a senior official said.
"We will have a review meeting next month with the finance minister...may be towards the end of May," Department of Fi...
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Banking |
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Rs 40,000 cr I-T refunds in fiscal beginning itself
Posted Date : 26-Apr-2011 , 08:51:42 pm | Posted By CASANSAAR
The Income Tax Department will refund about 40,000 crore by the end of April or early May, as part of the initiative by the Central Board of Direct Taxes (CBDT) to complete the entire refunding process in the very first month of a fiscal year.
This initiative comes as a big relief to taxpayers who ...
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Income Tax |
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0 | Hits : 817
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RBI slaps Rs1.95 cr on 19 banks for flouting derivative norms
Posted Date : 26-Apr-2011 , 11:59:55 am | Posted By CASANSAAR
The Reserve Bank (RBI) today slapped a penalty of Rs1.95 crore on 19 banks, including heavyweights SBI, HDFC Bank, ICICI Bank and Citibank, for violating norms on derivatives, an instrument used to hedge financial risks.
The fine has been imposed on the banks for selling derivative products...
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RBI |
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ICAI plans online knowledge base
Posted Date : 26-Apr-2011 , 11:58:14 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India is all set to start its online facility aimed at enhancing knowledge base and updating the skills of chartered accountants across India.
“To enhance the knowledge base of members and chartered accountancy firms, the ICAI has init...
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ICAI |
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SEBI settles case against Dena Bank for Rs 10 lakh
Posted Date : 26-Apr-2011 , 11:52:51 am | Posted By CASANSAAR
The capital market regulator SEBI today settled and passed a consent order in a case against Dena Bank on payment of Rs 10 lakh for their alleged involvement in violation of insider trading norms.The case relates to Dena Bank's trading in shares of Alka Securities wherein it allegedly breached the r...
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SEBI |
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Print Specifications for SAHAJ and SUGAM
Posted Date : 26-Apr-2011 , 08:19:54 am | Posted By CASANSAAR
1. Printing of the forms should be according to the standards set below:
· No Black and White forms will be accepted and only standard forms with appropriate colors prescribed, fonts used, pape...
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Income Tax |
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Merger, acquisition regime under Competition Act to be effective from June1: Deora
Posted Date : 25-Apr-2011 , 08:50:09 pm | Posted By CASANSAAR
The regulations governing mergers, acquisitions and combinations under the Competition Act would be finalised by May 1, and implemented from June 1, said Minister for Corporate Affairs, Murli Deora, here on Monday.
“The revised draft of regulations is in the final stages and we expect...
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Income Tax |
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No tapping to only detect tax evasion: Cabinet secy
Posted Date : 25-Apr-2011 , 08:46:21 pm | Posted By CASANSAAR
Reacting to the controversy on whether the Central Board of Direct Taxes (CBDT) should have powers to intercept telephone calls, the cabinet secretary today answered in the negative. K M Chandrasekhar clarified that the law does not permit telephone tapping and monitoring of conversations to merely ...
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Income Tax |
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0 | Hits : 1191
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CBDT mulling punishment for misuse of employees TDS
Posted Date : 25-Apr-2011 , 08:42:00 pm | Posted By CASANSAAR
The Central Board of Direct Taxes (CBDT) is currently contemplating a policy that will help prevent corporate houses from misusing the TDS (Tax Deducted at Source) of their employees.
Such a rule is likely to see the light of day in the near future, CBDT chairman Sudhir Chandra, who was in ...
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Income Tax |
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0 | Hits : 836
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CWG scam: Suresh Kalmadi arrested by CBI
Posted Date : 25-Apr-2011 , 08:26:58 am | Posted By CASANSAAR
Suresh Kalmadi, sacked CWG organising committee chief, was today arrested by the CBI over alleged irregularities in the conduct of the sporting extravaganza, ending months of speculation.Official sources said 67-year-old Kalmadi, who was called to the agency's new swanky headquarters for questioning...
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General |
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1 | Hits : 911
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I-T seeks addl 22,000 staff to strengthen operations
Posted Date : 25-Apr-2011 , 08:26:06 am | Posted By CASANSAAR
Aiming to give more teeth to the investigation against black money, Income Tax Department hit by staff shortage today said it has sought an additional 22,000 staff to strengthen its various operations.Besides, the tax department will redeploy its existing manpower towards intelligence gatherin...
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Income Tax |
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0 | Hits : 844
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SEBI modifies norms to appoint internal auditors
Posted Date : 24-Apr-2011 , 08:38:48 am | Posted By CASANSAAR
SEBI has modified the norms for appointment of its internal auditor, a move that enabled the capital market regulator to retain chartered accountants firm Chokshi & Chokshi for two more years.The decision to give a two-year extension to the firm was taken at the last Board meeting of the Securit...
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Auditing |
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Cos not to pay stamp duty on increased capital: HC
Posted Date : 24-Apr-2011 , 08:36:59 am | Posted By CASANSAAR
The Delhi High Court has held that a company is not required to pay the stamp duty on the increased amount of its authorised share capital.A bench headed by Justice S Muralidhar said this while allowing the plea of S E Investments Ltd, which challenged the direction of the Registrar of Companies (RO...
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Corporate Law |
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1 | Hits : 1712
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SEBI to establish toll free helpline for investors
Posted Date : 24-Apr-2011 , 08:35:26 am | Posted By CASANSAAR
To resolve investors' grievances and spread financial literacy, market regulator SEBI will set up a toll free helpline to respond to queries of investors and help track the status of their complaints.The investors, according a strategic action plan approved by the SEBI Board earlier, will be able to...
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SEBI |
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