Know online status of claim under EPF (employee provident fund) Posted: 29 Nov 2011 05:57 PM PST The Employees' Provident Fund Organisation has launched a facility for online verification of status of the claim under the EPF. The facility can be availed at http://59.180.233.84/homepage_claim_status_new.php The user needs to select his State,... [[ This is a content summary only. Visit www.taxguru.in for full article. ]] 
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| Consequences of Filing Income Tax Return After Due Date Posted: 29 Nov 2011 04:45 PM PST The due date for filing income tax return for corporate assessees and other assessees who are required to get their accounts audited under Income Tax Act 1961 or under any other law for the time being in force is 30th September and for others it... [[ This is a content summary only. Visit www.taxguru.in for full article. ]] 
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| Frequently Asked questions related to Employees Provident Fund Posted: 29 Nov 2011 02:05 PM PST What is the Contribution for Provident Fund both by the Employer & Employee?: The Employee contributes 12% of his /her Basic Salary & the same amount is contributed by the Employer.Is it Compulsory for the all the employees to contribute... [[ This is a content summary only. Visit www.taxguru.in for full article. ]] 
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| Capital gains under Income Tax Act 1961 Posted: 29 Nov 2011 10:31 AM PST Any Income derived from a Capital asset movable or immovable is taxable under the head Capital Gains under Income Tax Act 1961. The Capital Gains have been divided in two parts under Income Tax Act 1961. One is short term capital gain and other is... [[ This is a content summary only. Visit www.taxguru.in for full article. ]] 
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| Allowability of deductions on account of payments made by the assessee to the retired partners and wives of deceased partners while computing the total income Posted: 29 Nov 2011 10:29 AM PST A.F. Ferguson & Co. Vs. The Asstt. Commissioner of Income tax - The dispute is regarding allowability of deductions on account of payments made by the assessee to the retired partners and wives of deceased partners while computing the total... [[ This is a content summary only. Visit www.taxguru.in for full article. ]] 
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| Notification for Launch of 10-Year National Savings Certificate (IX-Issue), 2011 Issued Posted: 29 Nov 2011 10:28 AM PST In accordance with the decisions taken by the Government on the basis of the recommendations of the Committee for Comprehensive Review of National Small Savings Fund (NSSF), headed by Smt Shyamala Gopinath, the then Deputy Governor, Reserve Bank of... [[ This is a content summary only. Visit www.taxguru.in for full article. ]] 
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| CBEC invites Comments/suggestions on 'Draft Adjudication Manual' Posted: 29 Nov 2011 10:28 AM PST Adjudication of offences under the Central Excises Act, 1944, or the Customs act 1962 or the Finance Act, 1994 (Service Tax) are important functions of the officers of the Central Excise, Customs and Service Tax competent to adjudge offences. It... [[ This is a content summary only. Visit www.taxguru.in for full article. ]] 
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| Clarification on FDI Policy in Multi Brand Retail Posted: 29 Nov 2011 10:27 AM PST The policy cleared by Union Cabinet on 24th November stipulates that FDI in multi brand retail will be allowed upto 51% foreign equity through the government approval route, subject to adequate safeguards for domestic stakeholders. [[ This is a content summary only. Visit www.taxguru.in for full article. ]] 
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| CBI Arrests Central Excise Inspector in Bribery Case Posted: 29 Nov 2011 10:26 AM PST Central Bureau of Investigation has caught red handed an Inspector of Central Excise, Range-III, Division-I, Ankleshwar for demanding and accepting a bribe of Rs.5000/- from the complainant. It was alleged in the complaint that the complainant had... [[ This is a content summary only. Visit www.taxguru.in for full article. ]] 
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| 3rd Frequently Asked Questions on Companies (Cost Accounting Records) Rules 2011 and Companies (Cost Audit Report) Rules 2011 Posted: 29 Nov 2011 06:58 AM PST 1. Whether a cost accountant appointed as cost auditor can authenticate the Compliance Report also? The Rules provide for authentication of Compliance Report [vide Companies (Cost Accounting Records) Rules 2011] and certifying cost audit report... [[ This is a content summary only. Visit www.taxguru.in for full article. ]] 
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| 57 Crore People in the Under Insurance Net Posted: 29 Nov 2011 06:49 AM PST Based on the working population as per census 2001 data, the Insurance Regulatory and Development Authority (IRDA) has reported that the approximate total number of insurable persons in the country is 57,03,35,944. [[ This is a content summary only. Visit www.taxguru.in for full article. ]] 
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| Online Sale of Insurance Policies Posted: 29 Nov 2011 06:46 AM PST The Insurance Regulatory and Development Authority (IRDA) has informed that at present some of the insurance companies resort to online sale of insurance products through their websites/portals in addition to sale through the conventional... [[ This is a content summary only. Visit www.taxguru.in for full article. ]] 
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| Central Para-Military Forces (CPMF) sought VAT exemption on canteen sales Posted: 29 Nov 2011 06:44 AM PST The Central Para-Military Forces (CPMF) have sought VAT exemption on canteen sales. Chairman, Welfare And Rehabilitation Board (WARB) has written to the Chief Ministers of all the States and to the Union Territories for seeking exemption of Value... [[ This is a content summary only. Visit www.taxguru.in for full article. ]] 
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| Govt issues Draft Public Procurement Bill, 2011(Dated 29th November, 2011) Posted: 29 Nov 2011 06:42 AM PST Currently there is no overarching legislation governing public procurement by the Central Government and Central Public Sector Enterprises (CPSEs). The General Financial Rules, 2005 govern procurements made by the Central Government. Some... [[ This is a content summary only. Visit www.taxguru.in for full article. ]] 
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| Branch Authorization Policy – Relaxation- opening of Tier 2 branches under general permission Posted: 29 Nov 2011 06:19 AM PST Please refer to paragraphs 77 to 80 of the Second Quarter Review of Monetary Policy 2011-12 on the above subject (extract enclosed). To enhance the penetration of banking in rural and semi-urban areas, domestic scheduled commercial banks (excluding... [[ This is a content summary only. Visit www.taxguru.in for full article. ]] 
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| SEBI Circular on Annual System Audit Posted: 29 Nov 2011 06:12 AM PST Keeping in view the rapid technological developments in the Securities Markets should not overshadow the risks that these innovations pose to the efficiency and integrity of markets, SEBI vide circular no. MIRSD/DPS-III/ Cir-22 /2008 dated July 23,... [[ This is a content summary only. Visit www.taxguru.in for full article. ]] 
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| Give workers permanent jobs not contracts – Govt to industry Posted: 29 Nov 2011 06:03 AM PST Government today urged industries to give workers' permanent employment instead of contracts. Speaking at a function after distributing National Safety Awards in New Delhi today, the Labour and Employment Minister Mr. Mallikarjun also called for... [[ This is a content summary only. Visit www.taxguru.in for full article. ]] 
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| FII and Equity market affected by Euro crisis – Finance Minister Posted: 29 Nov 2011 06:02 AM PST The Government today said the unfolding of Euro Zone sovereign debt crisis has impacted the country through slowdown in Foreign Institutional Investment inflows and fall in the equity markets.This information was given in a written reply in the... [[ This is a content summary only. Visit www.taxguru.in for full article. ]] 
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| Customs – Implementation of The Pneumatic Tyres and Tubes for Automotive Vehicles (Quality Control) Order 2009 Posted: 29 Nov 2011 05:58 AM PST Board has received representations on the implementation of the Pneumatic Tyres and Tubes for Automotive Vehicles (Quality Control) Order 2009, which has been issued by Ministry of Commerce and Industry under Section 14 of the Bureau of Indian... [[ This is a content summary only. Visit www.taxguru.in for full article. ]] 
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| Taxpayer's Lounge – the stall set up by Income Tax Department at India International Trade Fair 2011 – receives the First Prize in the category Government Departments Posted: 29 Nov 2011 05:55 AM PST Taxpayers' Lounge set up by Income Tax Department at India International Trade Fair 2011 from 14-27 November, 2011 has been adjudged First for Excellence in Display in the category Government Departments by India Trade promotion Organization (ITPO).... [[ This is a content summary only. Visit www.taxguru.in for full article. ]] 
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| Vacancy Circular for filing up vacant posts in various Benches of Income Tax Settlement Commission-reg. Posted: 28 Nov 2011 08:30 PM PST The CBDT has indicated vide letter dated 25.11.2011 that there are several vacant/ likely to be vacant posts in the Benches of the Income Tax Settlement Commission at Delhi, Chennai, Kolkota and Mumbai. Download CBDT letter dated 25.11.2011 [[ This is a content summary only. Visit www.taxguru.in for full article. ]] 
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| IRDA (issuance of Capital by Life Insurance Companies) Regulations, 2011 Posted: 28 Nov 2011 08:24 PM PST These Regulations shall be called the IRDA (Issuance of Capital by Life Insurance Companies) Regulations, 2011. These Regulations shall be applicable to divestment of the excess shareholding by the promoters of the applicant company as prescribed in...
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