| IT dept activates control rooms in Delhi and Mumbai to monitor IPL Posted: 21 Apr 2010 09:16 PM PDT 
The Income Tax department has activated control rooms in Delhi and Mumbai to streamline the flow of information between its various investigation directorates probing the IPL. The control rooms are equipped with dedicated telephone lines, fax... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Income Tax assistant commissioner Anjali Bambole in CBI custody till April 27 Posted: 21 Apr 2010 09:09 PM PDT 
Mumbai: A special court on Tuesday remanded Income Tax assistant commissioner Anjali Bambole in the custody of the Central Bureau of Investigation (CBI) until April 27. Bambole was arrested on Monday night, two days after the arrest of I-T... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Nominee, not heir, to get shares after holder's death: HC Posted: 21 Apr 2010 09:03 PM PDT 
A nominee has the right to the shares after the original shareholder' s death and not the deceased's heirs, Bombay High Court has ruled. Dismissing the application of a widow who sought permission to sell the shares belonging to her late husband,... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Spouse and Law of Nomination Posted: 21 Apr 2010 08:52 PM PDT 
Most unfortunate thing to happen to a woman is to become a WIDOW. Still worst is that she is not NOMINEE in LIC / GIC Policies, P.F., P.P.F., Bank Account / FDRs and other welfare laws and DDA / Society flats, etc. and - or the deceased spouse has... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Tharoor's case similar to Chidambaram's 18 years ago Posted: 21 Apr 2010 08:48 PM PDT 
The resignation of Shashi Tharoor as minister of state for external affairs has striking similarity with another incident 18 years ago when Home Minister P Chidambaram had stepped down from the commerce ministry. The issue then involved alleged... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Delhi High Court quashed ICAI decision against auditor P Ramakrishna in Global Trust Bank case Posted: 21 Apr 2010 08:44 PM PDT 
The Delhi High Court has quashed the Institute of Chartered Accountants of India (ICAI) decision against auditor P Ramakrishna in the Global Trust Bank (GTB) case. The decision comes as a relief for P Ramakrishna, who is a Partner in Lovelock... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| ICAI to include case studies in CA programme to test application skills of the students Posted: 21 Apr 2010 08:42 PM PDT 
Taking a leaf from the management schools, the Institute of Chartered Accountants of India (ICAI) is all set to include case studies as part of its agenda to test the application skills of the students. The institute also plans to offer accounting... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| IT department raided office IPL team Chennai Super Kings, owned by India Cements Posted: 21 Apr 2010 08:38 PM PDT 
Income Tax sleuths on Wednesday raided the office of IPL team Chennai Super Kings, owned by India Cements, in the wake of the controversy surrounding the source of IPL funds and bidding. I-T officials were tight-lipped but police sources said the... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| IT department raided offices of the Kolkata Knight Riders and Cricket Association of Bengal Posted: 21 Apr 2010 08:35 PM PDT 
Income Tax officials, probing alleged financial irregularities in cash-rich IPL, on Wednesday raided the offices of the Kolkata Knight Riders and Cricket Association of Bengal (CAB). "The income tax officials are here looking for papers relating to... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| IPL: Income Tax raids on MSM, WSG, IMG Posted: 21 Apr 2010 08:29 PM PDT 
The net is ever widening on all aspects of the cash awash Indian Premier League. Even as a case was registered to investigate the foreign exchange violations by the IPL franchises, Income Tax sleuths Wednesday searched the premises of telecast... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| IT department will ask IPL franchisees to justify the unexplained expenditure under the Section 69 C of the Income Tax Act Posted: 21 Apr 2010 08:22 PM PDT 
The income-tax department will take a close look at the unaccounted expenditure incurred by the franchisees of the Indian Premier League over the last three years, creating the possibility of a large tax liability for them later. The initial... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| RBI may liberalise its policy for foreign banks operating in India Posted: 21 Apr 2010 08:02 PM PDT 
After delaying liberalisation for foreign banks by over a year due to global financial meltdown, the Reserve Bank on Tuesday decided to review its position by September this year in the wake of improving conditions worldwide. The central bank will... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| SEBI looking to curb mis-selling of mutual fund by distributors through a compliance certification examination Posted: 21 Apr 2010 07:53 PM PDT 
Market-regulator Securities & Exchange Board of India (Sebi), on Tuesday, said it is looking at the need to put a check on mis-selling of mutual fund (MF) products by the distributors through a compliance certification examination. [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| RBI allowed four more companies to open Credit Information Bureau in India Posted: 21 Apr 2010 07:48 PM PDT 
Reserve Bank of India, in its Annual Monetary Policy, allowed four more credit information companies (CIC) to start operations. This will strengthen the credit appraisal system. Bankers felt that soon electricity bill, telephone bill and other... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Ulips: Investors need not worry, says Khurshid Posted: 21 Apr 2010 07:41 PM PDT 
Corporate Affairs Minister Salman Khurshid on Wednesday downplayed fears that investors would lose confidence due to the row between SEBI and IRDA over market-linked insurance policies, as the issue will be resolved in favour of either one regulator... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| DGFT Public Notice 57/2009-14Amendment in Schedule of DEPB rates of Textiles Product Group:89 Posted: 21 Apr 2010 07:37 PM PDT 
In exercise of powers conferred under Paragraph 2.4 of the Foreign Trade Policy, 2009-2014 and Paragraph 1.1 of the Handbook of Procedures (Vol.I), the Director General of Foreign Trade hereby makes the following amendments in the "Schedule of DEPB... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| DGFT Public Notice 56/2009-14- Amendment in Schedule of DEPB rates (Fish & Fish Products) Posted: 21 Apr 2010 07:33 PM PDT 
Fish, Crustaceans, Molluscs, Aquatic, Invertebrates and any Aquatic Animal product of marine or fresh water origin in live or chilled or dried form, including Ornamental Fish and any Aquatic Animal product of marine or fresh water origin not covered... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| RBI guideline on Issue and Pricing of Shares by Private Sector Banks Posted: 21 Apr 2010 07:10 PM PDT 
(i) All banks should obtain RBI approval for IPOs. After listing on the stock exchanges, banks are free to price their subsequent issues. (ii) Issue price should be based on merchant banker's recommendation. There need be no reference to the CCI... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Custom Notification No. No. 53 /2010- Regarding anti dumping duty on Phenol originating in, or exported from, Thailand and Japan Posted: 21 Apr 2010 07:05 PM PDT 
Whereas, in the matter of imports of Phenol (hereinafter referred to as the subject goods), falling under sub heading 2907 11 10 or 2707 99 00 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the said... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Custom Duty Notification No 52/2010- Regarding anti dumping duty on Tetrafluoroethane or R-134a of all types originating in, or exported from China and Japan Posted: 21 Apr 2010 06:57 PM PDT 
Whereas, in the matter of imports of 1, 1, 1, 2-Tetrafluoroethane or R-134a of all types (hereinafter referred to as the subject goods), falling under sub heading 2903 3919 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975)... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Mayawati accused Centre of harbouring caste bias against her in matters relating to disproportionate asset cases Posted: 21 Apr 2010 06:35 PM PDT 
UP chief minister and BSP chief Mayawati on Wednesday accused the Centre and CBI of harbouring a caste bais against her and sought parity in treatment with RJD head Lalu Prasad and SP supremo Mulayam Singh Yadav in matters relating to... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Goldman Sachs Director Gupta Dines with American president, Deals With Rajaratnam Posted: 21 Apr 2010 06:29 PM PDT 
Goldman Sachs Group Inc.'s November 2006 announcement of Rajat Kumar Gupta's election to its board brimmed with the India native's achievements: worldwide managing director of McKinsey & Co.; special adviser to the Secretary- General of the... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| SEBI directed FIIs to disclose more information about their investment structure in India Posted: 21 Apr 2010 06:20 PM PDT 
SEBI has directed foreign institutional investors to disclose more information about their investment structure in India."It is not about FIIs investment, it is about what structures FIIs have for their investments in India," SEBI Chairman, C B... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| ROC to collect details relating to the IPL franchises and the bidding process Posted: 21 Apr 2010 06:14 PM PDT 
With the Indian Premier League (IPL) saga getting murkier, the Ministry of Corporate Affairs on Tuesday asked the Registrar of Companies (RoC) to collect all details relating to the IPL franchises and the bidding process. In its order, the Ministry... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| NGOs getting Government aid are Public Authority and covered under RTI Act, 2005: Delhi high court Posted: 21 Apr 2010 06:08 PM PDT 
The Delhi high court has held that non-governmental organizations (NGOs) which get government funds should come under the purview of RTI Act making it mandatory for them to disclose information pertaining to their functioning. [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Cheques with alteration/corrections will not be honoured from 1st July 2010 Posted: 21 Apr 2010 05:54 PM PDT 
Prohibiting alterations / corrections on cheques : No changes / corrections should be carried out on the cheques (other than for date validation purposes, if required). For any change in the payee's name, courtesy amount (amount in figures) or... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Income Tax department declared result of Departmental Examination for Income-Tax Officers (ITO) 2009 Posted: 21 Apr 2010 05:46 PM PDT 
The Directorate of Income-tax (IT) has declared the result of ITO Examination 2009 for the old as well as new pattern. The certified copy shall be made available by the concerned CCIT/CIT(Incharge of Examination) only. As per the present grace... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
No comments:
Post a Comment