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Posted Date : 17-Apr-2012 , 11:28:22 am | Posted By CASANSAAR
BJP was today ahead in all the three municipal corporations of Delhi as counting of votes progressed for the polls held two days ago. The counting for 272 wards is taking place in 33 centres across the city. Polling for all the 272 wards spread in three civic bodies -- East, South and North -- w...
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Posted Date : 17-Apr-2012 , 08:24:30 am | Posted By CASANSAAR
The Income Tax department has issued fresh notices to telecom giant Bharti Airtel in connection with taxation of overseas roaming charges for additional two financial years. The department has issued the notices for financial years 2001-02 and 2006-07 to the company after recently issuing a Rs 1...
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Posted Date : 17-Apr-2012 , 08:22:35 am | Posted By CASANSAAR
US nominee Jim Yong Kim was Monday chosen as the next president of the World Bank, an appointment that continues the longstanding tradition of an American leading the Washington-based institution."Dr Jim Young Kim of the United States would be the next President of the World Bank," an official annou...
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Posted Date : 17-Apr-2012 , 08:20:59 am | Posted By CASANSAAR
Over 40,000 petrol pumps across the country will shut their outlets on next Monday to press their demand for raising their commission on petrol by about 27 paise per litre and diesel by 14 paise per litre as recommended by an official panel. The association wants the government to implement the ...
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Posted Date : 16-Apr-2012 , 03:50:11 pm | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) has approached the capital market regulator - the Securities Exchange Board of India (SEBI) for a four-pronged change in company compliance norms. Last week, the accounting regulator met the SEBI chairman U K Sinha to apprise him on those issues...
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Posted Date : 14-Apr-2012 , 08:50:36 pm | Posted By CASANSAAR
The RBI may cut the repo rate by 25 basis points as economic recovery continues to remain fragile, say economists. With factory output growth, as measured by the index of industrial production (IIP), in the April 2011-February 2012 period slowing to 3.5 per cent, against 8.1 per cent in the year-ag...
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Posted Date : 14-Apr-2012 , 08:47:02 pm | Posted By CASANSAAR
The Enforcement Directorate has summoned Vodafone India managing director Marten Pieters and sought a lengthy list of documents from the company as part of its probe into the alleged irregularities and losses in the allocation of airwaves when BJP-led National Democratic Alliance was in power.It...
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Posted Date : 14-Apr-2012 , 02:25:59 pm | Posted By CASANSAAR
Infosys, the IT bellwether, delivered a shocker on Friday when it announced to its shareholders that there would not be any increment for the time being for its 149,000 employees.Infosys failed to meet its own growth guidance for the just concluded quarter and has given a lower-than-expec...
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Posted Date : 14-Apr-2012 , 12:09:10 pm | Posted By CASANSAAR
Commercial banks in the country raised a record Rs 2 lakh crore as deposits in the last six days of March, managing to achieve an annual growth of 17.4% and reaching the Reserve Bank's comfort zone. This is reckoned to be the largest window-dressing effort to shore up the deposit ...
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Posted Date : 14-Apr-2012 , 08:14:42 am | Posted By CASANSAAR
Prime Minister Manmohan Singh on Friday said a new Companies Bill, aimed at addressing crucial issues of corporate governance, would be passed soon. “The Companies Bill, presently under consideration of our Parliament, seeks to provide a further fillip to the cause of corporate social responsi...
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Posted Date : 13-Apr-2012 , 07:57:23 pm | Posted By CASANSAAR
Power Construction Corporation of China said on Friday it had signed a $2.4 billion contract to build the second phase of a massive coal-fired power complex in southern India that will help meet soaring local demand for electricity. The second phase of the project for India's Infrastructure Leasing...
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Posted Date : 13-Apr-2012 , 07:55:03 pm | Posted By CASANSAAR
Following complaints from customers, the Reserve Bank has made it clear to banks that there are no restrictions in allowing use of electronic modes for various transactions including repayment of loans. "It is, therefore, advised that all banks should allow the customers to choose National Electr...
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Posted Date : 13-Apr-2012 , 07:52:44 pm | Posted By CASANSAAR
Capital market regulator, SEBI today said both public and private sector companies will have to increase public shareholding to a minimum of 25 per cent by August 2013 and there will be no relaxation of the guidelines. SEBI Chairman Mr. U K Sinha told this to reporters on the sidelines of Bombay Sto...
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Posted Date : 13-Apr-2012 , 07:51:19 pm | Posted By CASANSAAR
The government will infuse about 1,500 crore rupees in the public sector banks during the current fiscal to enhance their financial strength. This was stated by the Finance Minister Pranab Mukheerjee at the 118th foundation day function of Punjab National Bank in New Delhi.Speaking on the occassion....
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Posted Date : 13-Apr-2012 , 03:43:44 pm | Posted By CASANSAAR
Terming sharp revision in the industrial production data as "totally baffling", Finance MinisterPranab Mukherjee today said he has asked the authorities concerned to look into the issue. "I can understand if there is error in calculating 0.1 per cent of 0.2 per cent, but from 6.8...
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Posted Date : 13-Apr-2012 , 03:32:12 pm | Posted By CASANSAAR
India has decided to allow foreign direct investment from Pakistan, Trade Minister Anand Sharma said on Friday, hours before the two countries were due to open a trading post on the Wagah border in the latest sign of thawing economic ties.Liberalising heavily restricted trade and investment flows is...
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Posted Date : 13-Apr-2012 , 07:51:45 am | Posted By CASANSAAR
A Rajkot-based chartered accountant, approved by the government for evaluating firms involved in commodity market, was caught by the anti-corruption bureau (ACB) officials for demanding and accepting Rs 1.5 lakh at a five-star hotel in Satellite on Thursday night. Dilip Patel, a...
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Posted Date : 13-Apr-2012 , 07:47:27 am | Posted By CASANSAAR
The United Progressive Alliance government has given its go-ahead to a law that seeks to regulate all state purchases above 50 lakh to bring transparency and efficiency in graft-laden procurement mechanism. The union cabinet chaired by Prime Minister Manmohan Singh approved the Public Procurement ...
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Posted Date : 13-Apr-2012 , 07:45:28 am | Posted By CASANSAAR
The government has deputed seven senior IRS officers to officiate as First Secretaries at the newly created Income Tax overseas units in countries like the US, the UK and Germany, as part of its efforts to curb the problem of blackmoney and illegal funds stashed abroad.The Income Tax officials, h...
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Posted Date : 13-Apr-2012 , 07:39:35 am | Posted By CASANSAAR
During the financial year (FY) 2011-12, the Investigation Directorates of the Central Board of Direct Taxes (CBDT) conducted searches on 330 groups involved in different businesses / activities. On the basis of assets, documents and other evidence unearthed during such searches, undisclosed income e...
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Posted Date : 12-Apr-2012 , 06:21:58 pm | Posted By CASANSAAR
In a set back to Norwegian firm Telenor, the Company Law Board on Thursday allowed its estranged partner Unitech’s plea for settling dispute over control and transfer of assets of their joint venture Uninor through arbitration at Singapore. Observing that Telenor had gone “berserk&rdquo...
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Posted Date : 12-Apr-2012 , 02:56:52 pm | Posted By CASANSAAR
The Supreme Court today upheld the constitutional validity of the Right to Education (RTE) Act, 2009, which mandates 25 per cent free seats to the poor in government and private unaided schools uniformly across the country. The apex court clarified that its judgement will come into force from today ...
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Posted Date : 11-Apr-2012 , 09:22:31 pm | Posted By CASANSAAR
IMPORTANT ANNOUNCEMENT April 11, 2012 Subject: Zone-shifting of candidates for May - 2012 CA Exams Due to paucity of accommodation in some Zones opted by the candidates in the cities of Chennai, Delhi, Indore, Mumbai and Kolkatta, some of the candidates have been allotted examinatio...
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Posted Date : 11-Apr-2012 , 08:19:13 pm | Posted By CASANSAAR
The government has made it mandatory for individuals with income of over Rs 10 lakh to file their tax returns for 2011-12 electronically."e-filing has been made compulsory for the person who is an individual or a Hindu Undivided Family, if his or its total income, or the total income in respect of w...
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Posted Date : 11-Apr-2012 , 08:17:43 pm | Posted By CASANSAAR
A circular from the Internal Security division of the Ministry makes it mandatory for the entities to furnish all the details of those employed for carrying out liaison work in the country. The circular came against the backdrop of allegations that some of the foreign entiti...
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Posted Date : 11-Apr-2012 , 07:39:19 am | Posted By CASANSAAR
Retrospective amendments to handle cases akin to the Vodafone deal and provisions to tackle black money as proposed in the Budget may have received huge attention, but that isn’t all about it. A ‘silent amendment’ to the Income Tax Act related to prosecution powers is being seen as...
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Posted Date : 11-Apr-2012 , 07:34:40 am | Posted By CASANSAAR
A Committee has been constituted with Director General of Service Tax Smt. Sanghamitra Panda as Chairperson to review the scheme for electronic refund of service tax paid on taxable services used for export of goods. Other members of the Committee are Commissioner of Service Tax, Mumbai-1, Shri Sush...
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Posted Date : 11-Apr-2012 , 07:33:44 am | Posted By CASANSAAR
The Central Board of Excise and Customs(CBEC ) has detected a total Central Excise and Service Tax evasion amounting to Rs.3333.28 crore and Rs.10286.73 crore respectively up to February, 2012 in the Financial Year 2011-12. Further, during the investigation, Central Excise Duty and Service Tax amoun...
Continue Reading... Category : Service Tax | Comments : 0 | Hits : 395
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Posted Date : 11-Apr-2012 , 07:32:43 am | Posted By CASANSAAR
The Ministry of Corporate Affairs has constituted a Committee under the Chairmanship of Shri. Adi Godrej for framing a ‘National Corporate Governance Policy’ to suggest a comprehensive policy frame work to enable corporate governance of highest quality in all classes of companies without...
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Posted Date : 11-Apr-2012 , 07:30:20 am | Posted By CASANSAAR
Government to make payment Directly to the bank accounts of Payees; Measure to Enhance Transparency and Accountability in Public Dealings of the Central Government and also user Green Banking. As part of the Government’s commitment to good governance and elimination of corrupti...
Continue Reading... Category : Finance | Comments : 0 | Hits : 646
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- NFRA Imposes Monetary penalty of Rs 1 Crore on M/s Dhiraj & Dheeraj
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- GST Important Update - Enhancement in the GST Portal
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- CBDT extends due date for filing Form 10A/10AB upto 30th June, 2024
- RBI comes out with FEMA regulations for direct listing on international exchange
- RBI directs payment firms to track high-value, fishy transactions during elections
- NCLT orders insolvency proceedings against Subhash Chandra
- Income Tax dept starts drive to dispose of appeals, 0.54 million at last count
- Payment of MCA fees –electronic mode-regarding
- Budget '11-12' Parliament Completes Approval Exercise
- Satyam restrained from operating its accounts
- ICICI a foreign firm, subject to FDI norms: Govt
- Maha expects Rs 15 crore entertainment tax revenue from IPL
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- No service tax on visa facilitators: CBEC
- Provision of 15-minutes reading and planning time allowance to the candidates of Chartered Accountants Examinations
- Companies Bill to be taken up in Monsoon Session
- File Service Tax Return in time as Maximum Penalty increased 10 times to Rs. 20000
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