| Left To Govt- Confiscate Black Money In Swiss Bank Posted: 22 Jan 2011 01:31 AM PST 
The Left parties today asked the government to confiscate the black money allegedly stashed in Swiss Bank accounts and make the names of the account-holders public nbsp Government should not only obtain full details of these accou [[ This is a content summary only. Visit www.taxguru.in for full article ]]  |
| India Seeks Liechtenstein Help In Black Money Trail Posted: 22 Jan 2011 01:30 AM PST 
Under pressure to bring back the black money stashed abroad India has sought Liechtenstein government s help in taking action against those alleged to have kept illicit wealth in a bank of the European country nbsp A spokesperson [[ This is a content summary only. Visit www.taxguru.in for full article ]]  |
| TDSAT Asks Videocon To Pay 60 Percent Penalty Admits Case Posted: 22 Jan 2011 01:28 AM PST 
Telecom tribunal TDSAT today asked another new operator Videocon Telecom to pay 60 per cent of Rs 12 45 crore penalty slapped on it by the Department of Telecom for missing roll-out obligations while admitting its appeal against Do [[ This is a content summary only. Visit www.taxguru.in for full article ]]  |
| FDI In Multi-brand Retail May Open With 51 Percent Cap Posted: 22 Jan 2011 01:26 AM PST 
Politically-sensitive multi-brand retail sector is likely to be opened for foreign investors with an FDI cap of 51 per cent as efforts are being made by the industry ministry to evolve a consensus on the vexed issue nbsp According [[ This is a content summary only. Visit www.taxguru.in for full article ]]  |
| IPO Guidelines For Life Insurers To Be Ready This Fiscal - Irda Posted: 22 Jan 2011 01:24 AM PST 
Insurance watchdog Irda today said the guidelines for public float of life insurance companies will be ready this fiscal while the non-life may take more time nbsp Initial Public Offering IPO guidelines for life insurance com [[ This is a content summary only. Visit www.taxguru.in for full article ]]  |
| Now British Company Sells Samosas To Indians In India Posted: 22 Jan 2011 01:23 AM PST 
Call it food colonialism in reverse but a British food manufacturer has started selling samosas in India from where the delights of spicy dishes caught the imagination of the British palate 200 years ago nbsp Farsan an Indian fo [[ This is a content summary only. Visit www.taxguru.in for full article ]]  |
| Vodafone Wants 100 Control At Artificially Low Value - Essar Group Posted: 22 Jan 2011 01:21 AM PST 
Ruias-led Essar Group today launched a scathing attack on Vodafone saying that the British company is trying to gain 100 per cent control of the telecom JV Vodafone-Essar at an artificially depressed value nbsp nbsp A nbsp day a [[ This is a content summary only. Visit www.taxguru.in for full article ]]  |
| RBI Wants Banks To Shift To Chip-based ATMs Posted: 22 Jan 2011 01:18 AM PST 
Concerned over rising incidents of cyber frauds the RBI will soon ask banks to shift to chip- based ATM cards from the existing magnet strips ones and upgrade the currency vending machines nbsp The RBI working group on informat [[ This is a content summary only. Visit www.taxguru.in for full article ]]  |
| CWG Scam- IT Department Searched Wizcraft International Entertainment Posted: 22 Jan 2011 01:00 AM PST 
The income tax I-T department on Thursday searched the premises of event management company Wizcraft International Entertainment Private Limited to verify if it had attempted to falsify records of income and expenditure The compa [[ This is a content summary only. Visit www.taxguru.in for full article ]]  |
| Supreme Court Slams Sibal On Telecom Audit Remark Posted: 22 Jan 2011 12:53 AM PST 
On a day of charges and rebuttals Communications Minister Kapil Sibal was rebuked by the Supreme Court Friday for his remarks that the official auditor was utterly erroneous in assessing the loss on award of second generat [[ This is a content summary only. Visit www.taxguru.in for full article ]]  |
| IT Raids Prominent Pan-masala Gutkha Manufacturers Posted: 22 Jan 2011 12:51 AM PST 
The Income Tax department today raided business establishments and residences of prominent pan-masala and gutkha manufacturers in 14 states nbsp The raids were conducted on 69 premises related with manufacturers of the tobacco prod [[ This is a content summary only. Visit www.taxguru.in for full article ]]  |
| CPT Students Who Passed December 2010 Exams Register Immediately To Appear In IPCE November 2011 Exams Posted: 22 Jan 2011 12:48 AM PST 
Students of CPT who have appeared in CPT examination held in December 2010 and who would be passing the said examination are advised to register for Integrated Professional Competence Course IPCC immediately on declaration of the [[ This is a content summary only. Visit www.taxguru.in for full article ]]  |
| CBI Arrests A Deputy Manager Of State Bank Of India For Accepting A Bribe Of Rs 30 000 - Posted: 22 Jan 2011 12:35 AM PST 
The Central Bureau of Investigation has arrested a Deputy Manager Small and Medium Enterprises Cash Credit Centre State Bank of India Main Branch Patna for demanding and accepting a bribe of Rs 30 000 - from the complainant n [[ This is a content summary only. Visit www.taxguru.in for full article ]]  |
| Bank Manager And Three Other Sentenced For Duping 58 Lakh Posted: 22 Jan 2011 12:33 AM PST 
The Special Judge for CBI Cases Chennai convicted the then Manager State Bank of Mysore Thiruvanmiyur Branch and three private persons in a bank cheating case Shri S U Shankar the then Manager State Bank of Mysore Thiruvan [[ This is a content summary only. Visit www.taxguru.in for full article ]]  |
| IT Department Visited RBI To Inquire About Its Failure To Deduct TDS Of More Han Rs800 Crore Posted: 22 Jan 2011 12:24 AM PST 
The Reserve Bank of India had some unusual visitors a week ago Officials from the tax deducted at source TDS wing of the income tax department visited the Reserve Bank of India RBI headquarters to inquire into the latter s fa [[ This is a content summary only. Visit www.taxguru.in for full article ]]  |
| Swiss Panel Gives Nod For New Tax Treaty With India Posted: 22 Jan 2011 12:16 AM PST 
A Swiss Parliamentary Committee has given the go-ahead to the revised tax treaty between India and Switzerland that would eventually allow Indian government access to secret Swiss bank accounts of Indian tax evaders The amendm [[ This is a content summary only. Visit www.taxguru.in for full article ]]  |
| Pass Percentage Of CA Final And Final New Examination Held In November-2010 And CPT - Paper-pencil Mode Held On 19th Posted: 22 Jan 2011 12:12 AM PST 
The Institute of Chartered Accountants of India ICAI today announced the results of Final and Final New Examination held in November-2010 and Common Proficiency Test- Paper-pencil mode held on 19th December-2010 nbsp RE [[ This is a content summary only. Visit www.taxguru.in for full article ]]  |
| Result Of CA Final And Final New Course Exam And CPT Paper-Pencil Mode Held In November December 2009 Declared Posted: 21 Jan 2011 11:59 PM PST 
Result of Chartered Accountants Final and Final New Course Examinations amp Common Proficiency Test Paper-Pencil Mode held in November December 2009 declaredJanuary 17 2010 PRESS RELEASE The Institute of Chartered Accountant [[ This is a content summary only. Visit www.taxguru.in for full article ]]  |
| No Quick Fix Solution To Bring Back Black Money - PM Posted: 21 Jan 2011 11:31 PM PST 
Prime Minister Manmohan Singh said there is no instant solution to bring back black money stashed in foreign banks and that information with government cannot be made public due to treaty obligations nbsp There is no instant [[ This is a content summary only. Visit www.taxguru.in for full article ]]  |
| Vodafone Tax Dispute Will Be Settled Amicably- British Government Posted: 21 Jan 2011 11:17 PM PST 
The British government is hopeful that the three-year old dispute of Vodafone s joint venture in India involving a tax claim of over Rs 11 000 crore 2 5 billion will be settled amicably a British official said Wednesday nbsp n [[ This is a content summary only. Visit www.taxguru.in for full article ]]  |
| Save Income Tax - IDFC Infra Bond - Tranche II Posted: 21 Jan 2011 06:30 AM PST 
1 Govt Of India is the largest share holder in IDFC nbsp 2 IDFC is the fastest growing infrastructure financing company in India nbsp 3 Fully Secured backed by assets of IDFC Instrument with highest credit rating nbs [[ This is a content summary only. Visit www.taxguru.in for full article ]]  |
| Clubbing Of Many Loan Accounts Transactions Bank S Right Of Lien SARFAESI Act 2002 Posted: 21 Jan 2011 04:42 AM PST 
The enactment of Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002 has facilitated an easy mode of recovery of loan for the banks where there is a Secured Asset and it will [[ This is a content summary only. Visit www.taxguru.in for full article ]]  |
| How To Select Tax Saving Mutual Fund Posted: 21 Jan 2011 03:37 AM PST 
Selecting the best tax-saving mutual fund also referred to as equity linked saving scheme - ELSS is never an easy task For one there are just too many funds which only confuses the investor Add to this the sometimes misrepresenta [[ This is a content summary only. Visit www.taxguru.in for full article ]]  |
| Is It Possible To Deal With Uncle Judges Problem Posted: 21 Jan 2011 03:13 AM PST 
Many connected to judiciary in one way or other understand Uncle Judges issue and it was laudably highlighted by the Apex Court of this Country It is in fact a very serious problem but finding a solution is not easy There is an u [[ This is a content summary only. Visit www.taxguru.in for full article ]]  |
| What Is Mobile Number Portability MNP And How To Switch From One Operator To Other Posted: 21 Jan 2011 03:05 AM PST 
Mobile number portability MNP enables mobile telephone users to retain their mobile telephone numbers when changing from one mobile network operator to another nbsp General overview - MNP is implemented in different ways acro [[ This is a content summary only. Visit www.taxguru.in for full article ]]  |
| Section 35AC Read With Explanation B Thereto Of The Income-tax Act 196 Eligible Projects Or Schemes Expenditure On - Notified Eligible Projects Or Schemes- NOTIFICATION NO S O 3021 E Posted: 21 Jan 2011 11:10 PM PST 
Section 35AC read with Explanation b thereto of the Income-tax Act 196 Eligible projects or schemes expenditure on - Notified eligible projects or schemes NOTIFICATION NO S O 3021 E DATED 23-12-2010 In exercise of th [[ This is a content summary only. Visit www.taxguru.in for full article ]]  |
| Notification No 90 2010- Scientific Research Expenditure - National Council For Applied Economic Research New Delhiget Approval Under Section 35 1 Iii Posted: 21 Jan 2011 11:01 PM PST 
Section 35 1 ii of the Income-tax Act 1961- Scientific research expenditure Approved scientific research associations institutions NOTIFICATION NO 90 2010 F NO 203 86 2009-ITA II DATED 22-12-2010 1 It is hereby [[ This is a content summary only. Visit www.taxguru.in for full article ]]  |
| Notification No 91 2010- Scientific Research Expenditure - Indraprastha Institute Of Information Technology New Delhi Get Approval Under Section 35 1 Iii Posted: 21 Jan 2011 10:59 PM PST 
Section 35 1 ii of the Income-tax Act 1961- Scientific research expenditure Approved scientific research associations institutions NOTIFICATION NO 91 2010 F NO 203 4 2010 ITA-II DATED 23-12-2010 1 It is hereby not [[ This is a content summary only. Visit www.taxguru.in for full article ]]  |
| Notification No 92 2010- Scientific Research Expenditure -Indira Gandhi National Centre Of The Arts Get Approval Under Section 35 1 Iii Posted: 21 Jan 2011 10:57 PM PST 
Section 35 1 iii of the Income-tax Act 1961 - Scientific research expenditure - Approved social science or statistical research associations or institutions nbsp NOTIFICATION NO 92 2010 F NO 203 17 2010 ITA-II DATED 2 [[ This is a content summary only. Visit www.taxguru.in for full article ]]  |
| Section 144C Of The Income-tax Act 1961 - Reference To Dispute Resolution Panel DRP - Constitution Of New DRP For Specified Places Posted: 21 Jan 2011 10:47 PM PST 
ORDER NO 1 FT amp TR 2011 F No 500 15 2011-FTD-I dated 12-1-2011 In exercise of powers conferred under section 144C of the Income-tax Act 1961 and in supersession of Order No 1 FT amp TR-II 2010 dated 10-2-2010 Order No [[ This is a content summary only. Visit www.taxguru.in for full article ]]  |
| Section 4 Of The Special Economic Zones Act 2005 Omnibus Industrial Development Corporation Of Daman And Diu And Dadra And Nagar Haveli Ltd Posted: 21 Jan 2011 10:18 PM PST 
NOTIFICATION NO S O 29 E DATED 7-1-2011 Whereas M s Omnibus Industrial Development Corporation of Daman and Diu and Dadra and Nagar Haveli Limited had proposed under section 3 of the Special Economic Zones Act 2005 28 of [[ This is a content summary only. Visit www.taxguru.in for full article ]]  |
| Section 4 Of The Special Economic Zones Act 2005 - G P Realtors Pvt Ltd Posted: 21 Jan 2011 10:16 PM PST 
NOTIFICATION NO S O 3043 E DATED 24-12-2010 WHEREAS M s G P Realtors Pvt Ltd has proposed under section 3 of the Special Economic Zones Act 2005 28 of 2005 hereinafter referred to as the said Act to set up a sector [[ This is a content summary only. Visit www.taxguru.in for full article ]]  |
| RBI Circular On Regulatory Capital Instruments Step Up Option Posted: 21 Jan 2011 05:59 AM PST 
Regulatory Capital Instruments Step up option RBI 2010-11 381 DBOD BP BC No 75 21 06 001 2010-11 January 20 2011 nbsp The Chairman and Managing Directors Chief Executive Officers of All Scheduled Commercial Ba [[ This is a content summary only. Visit www.taxguru.in for full article ]]  |
| RBI Restricts Housing Finance Exposure Of Co-Operative Bank To 5 Percent From Earlier 10 Percent Posted: 21 Jan 2011 05:55 AM PST 
The Reserve Bank today said that cooperative banks cannot give housing loans beyond 5 per cent of their total assets Earlier State cooperative banks StCBs and central cooperative banks CCBs were allowed to extend housing finance [[ This is a content summary only. Visit www.taxguru.in for full article ]]  |
| RRBs - Minutes Of Meeting Of Committee On Investor Education And Protection Fund Posted: 21 Jan 2011 05:52 AM PST 
RBI 2010 11 378 RPCD CO RRB No 47 03 05 33 2010-11 nbsp January 20 2011 nbsp The Chairman All Regional Rural Banks nbsp Dear Sir nbsp Meeting of Committee on Investor Education and Protection Fund - nbsp Min [[ This is a content summary only. Visit www.taxguru.in for full article ]]  |
| RBI Revised Service Charges For Cheque Collection Local Outstation And Speed Clearing Posted: 21 Jan 2011 05:41 AM PST 
Review of Service Charges for Cheque Collection Local Outstation and Speed Clearing nbsp RBI 2010-11 377 DPSS CO CHD No 1671 03 06 01 2010-11 nbsp January 19 2011 nbsp The Chairman and Managing Director C [[ This is a content summary only. Visit www.taxguru.in for full article ]]  |
| RBI Circular On Credit Support To Micro Finance Institutions MFIs Posted: 21 Jan 2011 05:35 AM PST 
RBI 2010-11 376 DBOD BP BC No 74 21 04 132 2010-11 nbsp January 19 2011 nbsp The Chairman and nbsp Managing Directors nbsp Chief Executive Officers of nbsp All Scheduled Commercial Banks nbsp Excluding RRBs amp LABs [[ This is a content summary only. Visit www.taxguru.in for full article ]]  |
