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Jun 5, 2009



RBI ask to cut salary of CEO of ING Vysya Bank, Axis Bank and DCB

The Reserve Bank of India, citing its powers as banking regulator, has put on hold the salaries of Chief Executive Officers of three private sector banks, ING Vysya Bank, Axis Bank and Development...

Returns from annuity plans may not be taxed fully

Individuals, who invest their savings in annuity plans offered by insurance firm, could see a drop in their tax burden. Insurance regulator IRDA is in talks with the government to make annuity-plans...

MVAT Notification on Amemdment in Rules related to Charging contract

FINANCE DEPARTMENT,Mantralaya, Mumbai 400 032, dated the 1st June 2009 Notification No.CR-53 dt.01/06/09 Maharashtra Value Added Tax Act, 2002. No. VAT-1507/CR- 53/Taxation- 1.- Whereas the...

Chartered Accountants can Create WEBSITE on PD portal of ICAI

Dear Member, We are happy to share with you that ICAI have launched newly revamped Professional Development Portal, of the Institute of Chartered Accountants of India. This site has...

Department need not provide reason for search U/s. 132

Genom Biotech vs. DIT (Bombay High Court) Search & seizure action u/s 132 was undertaken at the assessee's premises. Thereafter an order of provisional attachment u/s 281B was passed. The...

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