| New RBI accounting rules brought down the capital of ICICI Bank Posted: 11 May 2010 08:10 PM PDT 
New accounting rules have brought down the capital of the country's second-largest lender, ICICI Bank. The bank's tier-I capital, which comprises equity and free reserves, is down by Rs 1,130 crore for the year ended March 31, 2010, due to changes... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Supreme Court upheld the legality of National Company Law Tribunal and National Company Law Appellate Tribunal Posted: 11 May 2010 07:57 PM PDT 
In a landmark judgment, a five-judge constitution bench of the Supreme Court on Tuesday upheld the legality of the Companies (Second Amendment) Act, 2002, providing for the establishment of the National Company Law Tribunal and National Company Law... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Supreme Court not decided the fate of the National Tax Tribunal Posted: 11 May 2010 07:28 PM PDT 
The five-judge Constitution Bench ruled that the National Company Law Tribunal can be set up only after amending the law. But, it did not decide on the fate of the National Tax Tribunal, another important body envisaged as a fast-track alternative... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Procedure for Delisting of Securities Posted: 11 May 2010 07:21 PM PDT 
Listing means formal admission of a security into a public trading system, usually a stock exchange, often evidenced by a listing agreement between the issuer of the security and the stock exchange. It provides liquidity to the issuer of security... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| IPL Payers not having PAN may loose 1/5th of the earning as TDS Posted: 11 May 2010 07:06 AM PDT 
The Income Tax department which is probing all financial transactions of the Indian Premier League (IPL) has advised all foreign players to obtain PAN cards, failing which they will have to pay penal tax on their cricket related earnings in India. [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Top Income Tax officers leaving job to join Private Sector Posted: 11 May 2010 07:02 AM PDT 
CLOSE on the heels of the voluntary retirements of a dozen officers two months ago, another set of officers from the Indian Revenue Service (IRS), the finance ministry's arm for collecting direct taxes, have put in their papers. Many of the... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Home simple is e-filing of Income Tax Returns? Posted: 11 May 2010 06:56 AM PDT 
Electronic filing, or e-filing, of tax returns first clicked in India as part of a proposal for Web-based electronic tax administration system for service tax. Thanks to the Central Board of Excise and Customs, the e-filing of service tax returns... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| SEBI going ahead with enforcement proceedings against Price Waterhouse Posted: 11 May 2010 06:47 AM PDT 
The capital market regulator is going ahead with enforcement proceedings against audit firm Price Waterhouse, even as the firm moved a second consent application to reach an early settlement over the investigation into its role in the accounting... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| IT department asked to find shortcoming in Income Tax refund issue Process Posted: 11 May 2010 06:31 AM PDT 
The income-tax department that faced flak from many quarters for late payment or non-payment of tax refunds, has been now asked to beef up its automation that does not seem to have helped much for the pending refund claims that could take even four... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Form 11 available- LLP need to file before 30/05/2010 Posted: 11 May 2010 06:20 AM PDT 
Form 11 is made available at http://llp.gov.in. All LLPs whose financial year closes on 31st March of every year has to file Form 11 within 60 days from the date of financial year closure without any late fee and later it attracts additional fees @... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| FIPB rejected Jaipur IPL's proposal of foreign shareholding Posted: 11 May 2010 05:48 AM PDT 
The government's key body on foreign investments has rejected Jaipur IPL's proposal to induct foreign equity into the company. The decision by the Foreign Investment Promotion Board (FIPB) creates problems for the shareholders of the Indian Premier... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Legal Reforms in India – The Biggest Obstacle Posted: 11 May 2010 05:23 AM PDT 
I was writing on legal reforms as I am concerned with the standards in the profession, the delay in rendering justice and especially the dignity of the legal profession. Given the limitations, Indian Judiciary has discharged its constitutional... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Finance Bill, 2010 becomes an Act Posted: 11 May 2010 01:01 AM PDT 
"The Finance Bill, 2010 was earlier passed by the Lok Sabha followed by its passage by the Rajya Sabha. The Finance Bill, 2010 has been assented to by the Hon'ble President on 8-5-2010 as Act No. 14 of 2010. With this, the Budgetary exercise is over... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Soon Education loans may get as cheap as 4 percent Posted: 10 May 2010 11:53 PM PDT 
Recently, there have been reports that the government is working on a scheme to offer education loans at a minimum rate of interest of 4 per cent. The Ministry of Human Resource Development (HRD) also plans to extend loan repayment periods for... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| New FDI norms for Indian Companies with less than 50 per cent foreign equity Posted: 10 May 2010 11:43 PM PDT 
Government may soon ask companies with less than 50 per cent foreign equity to seek approval of the Foreign Investment Promotion Board to make any downstream investment. [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
No comments:
Post a Comment