Income Tax Returns out of RTI ambit – SC

Income Tax Returns out of RTI ambit – SC Posted: 04 Oct 2012 08:41 PM PDT The Supreme Court has ruled that the details of a person's income tax returns and performance of an employee are personal information which cannot be divulged under the provisions of the Right to Information Act unless a larger public interest is involved. Companies Bill, 2011- Cabinet approves Amendments – Salient features Posted: 04 Oct 2012 07:59 PM PDT The Companies Bill, 2011, on its enactment, would allow the country to have a modern legislation for growth and regulation of corporate sector in India. The existing statute for regulation of companies in the country, viz. the Companies Act, 1956 had been under consideration for quite long for... Download Income Tax Calculator in excel – A.Y. 2013-14 Posted: 04 Oct 2012 07:33 PM PDT Income tax Calculator in excel format for Assessment Year 2013-14 or Financial year 2012-13 calculates tax payable by you on various source of income. It can calculate tax for all categories of Individuals including senior citizens and very senior citizens. It can calculate tax on all categories of... Window to Goods & Service Tax (GST) Posted: 04 Oct 2012 07:19 PM PDT Value Added Tax made in first opening in France in 1954. At that time it was not a full VAT system, since it was restricted to manufacturers and whole-sellers. The retailers and agriculturist were kept beyond its purview. Competition Act, 2002 – Cabinet approves amendment Posted: 04 Oct 2012 12:59 PM PDT The Union Cabinet has approved the proposal of the Ministry of Corporate Affairs to further amend the Competition Act, 2002, with a view to fine tune it and to meet the present day needs in the field of competition, in the light of the experiences gained in the actual working of the Competition... Insurance Laws (Amendment) Bill, 2008 – Cabinet approves amendments Posted: 04 Oct 2012 12:09 PM PDT The Union Cabinet today approved necessary official amendments in the Insurance Laws (Amendment), Bill 2008, pending in the Rajya Sabha, with such drafting and consequential changes, if any, in consultation with the Legislative Department. Risk Allowance, Hospital Patent Care Allowance & Patient Care Allowance doubled Posted: 04 Oct 2012 12:07 PM PDT The Cabinet today approved revision of rates of Risk Allowance. Hospital Patient Care Allowance and Patient Care Allowance payable to about two lakh entitled Central Government employees to double the existing rates with effect from 1s' September, 2008. The proposed revision in the rates of... Govt may soon allow 'options' in commodity market Posted: 04 Oct 2012 11:54 AM PDT After the Bill is passed and enacted by Parliament, Forward Market Commission (FMC) as a regulator will get autonomy and power to regulate the market effectively. New products like 'options' will be allowed in the commodity market. This will benefit various stakeholders including farmers to take... Official amendments to the Pension Fund Regulatory and Development Authority Bill, 2011 Posted: 04 Oct 2012 11:50 AM PDT 1. that the subscriber seeking minimum assured returns shall be allowed to opt for investing his funds in such schemes providing minimum assured returns as may be notified by the Authority; 2. withdrawals not exceeding 25 per cent of the contribution made by subscriber will be permitted from the... CMA President's Communiqué – October 2012 Posted: 04 Oct 2012 11:47 AM PDT The CMA Professionals have an important role to play in this area with their specialized domain knowledge. The cost reporting framework aims at highlighting the optimization of resources on a PPP (Planet, People and Profit) philosophy. Rate of exchange of conversion of each of the foreign currency WEF 05th October, 2012 Posted: 04 Oct 2012 04:22 AM PDT Central Board of Excise and Customs hereby determines that the rate of exchange of conversion of each of the foreign currency specified in column (2) of each of Schedule I and Schedule II annexed hereto into Indian currency or vice versa shall, with effect from 5th October, 2012 be the rate...