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May 4, 2009

LEGAL & FINANCIAL UPDATES 05.05.2009

UPDATES FROM TAX GURU

New Pension System : A study in question answer mode

Posted: 04 May 2009 06:49 PM PDT

What is the New Pension System (NPS)?  It is a system where individuals fund, during their work life, their financial security for old age when they no longer work. All those who join up would get a...

Bank of Baroda's (BoB) New York branch account was used to cook up Satyam balance sheet: SFIO

Posted: 04 May 2009 06:20 PM PDT


The Serious Fraud Investigation Office (SFIO) investigating into the multi-thousand crore Satyam scam has found that the IT company's Bank of Baroda's (BoB) New York branch account was...

Income Tax Department unearth penny stock scam worth 10000 cr?

Posted: 03 May 2009 09:31 PM PDT

The income tax (I-T) department has detected a racket of money laundering through the secondary market, the first estimates of which show a whopping Rs 10,000 crore at stake at the national...

 
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