Thing to Do Before /After Filing Return for Quick / Faster Income Tax Refund Posted: 14 Dec 2011 06:29 PM PST Here are some of the things to do for while handling the entire income tax refund process so that you can receive the same quickly:- File the income tax return in time - The entire tax refund process starts with them taking some specific action.... [[ This is a content summary only. Visit www.taxguru.in for full article. ]] 
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| On submission of proof establishing identity and creditworthiness of shareholder share application money cannot be added to income Posted: 14 Dec 2011 06:00 PM PST Smart Projects (P) Ltd. v. ITO (ITAT Delhi) - Assessee company has duly submitted all requisite documentary evidences before the Authorities below so as to discharge its onus of establishing the identity and credit worthiness of the shareholders... [[ This is a content summary only. Visit www.taxguru.in for full article. ]] 
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| Lack of external demand main reason for rupee's depreciating value – Finance Minister Posted: 14 Dec 2011 09:16 AM PST Finance Minister Pranab Mukherjee says lack of external demand is the major reason behind the depleting condition of the Indian rupee in the international market and the government is taking effective measures to improve the condition. He said that... [[ This is a content summary only. Visit www.taxguru.in for full article. ]] 
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| Clarification on levy of service tax on distributors/sub-distributors of films & exhibitors of movie – regarding Posted: 14 Dec 2011 08:31 AM PST Circular No.148/ 17 / 2011 - ST Representations requesting clarification on taxability of consideration earned by the distributors/sub-distributors/area distributors of Indian & Foreign films in the form of 'revenue share' from the exhibitors... [[ This is a content summary only. Visit www.taxguru.in for full article. ]] 
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| Download Companies Bill as introduced in Lok Sabha on 14.12.2011 Posted: 14 Dec 2011 08:23 AM PST The Companies Bill, which enhances accountability, introduces the concept of corporate social responsibility and encourages e-governance, was introduced in the Lok Sabha today. The 2011 Bill was introduced by Corporate Affairs Minister M Veerappa... [[ This is a content summary only. Visit www.taxguru.in for full article. ]] 
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| Electrical equipment industry body demands extension of service tax exemption to all power projects Posted: 13 Dec 2011 09:57 PM PST Ahead of the 2012-13 Union budget, electrical equipment industry body IEEMA has demanded extension of service tax exemption to all power projects, including generation, transmission and distribution. Indian Electrical and Electronics Manufacturers'... [[ This is a content summary only. Visit www.taxguru.in for full article. ]] 
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| Benefit of EPF Scheme to Industrial Workers and People Covered under EPF and ESIC Posted: 13 Dec 2011 09:27 PM PST Employees' Provident Funds and Miscellaneous Provisions Act, 1952 statutorily applies to employees getting wages upto Rs. 6500/- in respect of scheduled establishments employing 20 or more workers. State-wise details are given at Annexure.The... [[ This is a content summary only. Visit www.taxguru.in for full article. ]] 
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| Falling Rupeee Effect – Petrol prices may go up by 65 paise from Friday Posted: 13 Dec 2011 09:22 PM PST Petrol prices may be hiked by Rs 0.65 per litre this week if state-owned oil firms manage to get political approval for the move. While a fall in the rupee to an all-time low of Rs 53.75 per US dollar has resulted in an increase in the cost of oil... [[ This is a content summary only. Visit www.taxguru.in for full article. ]] 
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| Rupee touches fresh all-time low of 53 rupees 71 paise against the dollar Posted: 13 Dec 2011 09:12 PM PST The rupee today touched a fresh all-time low of 53 rupees 71 paise against the dollar, amid continuing capital outflows and further appreciation of the US currency against its major rivals, particularly euro. After slipping to sub-53 level... [[ This is a content summary only. Visit www.taxguru.in for full article. ]] 
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| Black money – Finance Ministry decides to ask tax havens and other countries to obtain past information of banking-related transactions Posted: 13 Dec 2011 08:54 PM PST Broadening its probe in overseas black money cases, the Finance Ministry has decided to write to tax havens and other countries to obtain past information of banking-related transactions in select cases. Top sources said that the Central Board of... [[ This is a content summary only. Visit www.taxguru.in for full article. ]] 
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| Black Money – Some in French list of having funds abroad pay Rs 135 crore in tax Posted: 13 Dec 2011 08:45 PM PST The government on Friday said some of the persons named in the French list of people having funds abroad given to India have voluntarily paid about Rs 135 crore in taxes. Although the tax has not been assessed or raised yet, some persons have... [[ This is a content summary only. Visit www.taxguru.in for full article. ]] 
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| ICWAI revises Revising the rates of stipend payable to cost & Management Trainee (ICWAI appeared candidates) Posted: 13 Dec 2011 08:39 PM PST Upto 500% Revision in the rates of Stipend to ICWAI Trainees by Maharashtra State Electricity Transmission Co. Ltd. - ICWAI is pleased to inform that vide Administrative Circular number 299 dated 25.10.2011, Human Resource Department of Maharashtra... [[ This is a content summary only. Visit www.taxguru.in for full article. ]] 
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| Compounding of Contraventions under FEMA, 1999 – A.P. (DIR Series) Circular No.57 Posted: 13 Dec 2011 08:32 PM PST A.P. (DIR Series) Circular No.57 As a measure of customer service and in order to facilitate the operational convenience, it has been decided to delegate the powers to the Regional Offices of the Reserve Bank of India mentioned below to compound the... [[ This is a content summary only. Visit www.taxguru.in for full article. ]] 
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| Food Inflation: This Time it's Different* Posted: 13 Dec 2011 08:30 PM PST Turning to the topic of today's lecture, the title is admittedly borrowed from a recent book, the very influential historical work on financial crisis by Carmen Reinhart and Kenneth Rogoff1. Besides being a very catchy title, which is always very... [[ This is a content summary only. Visit www.taxguru.in for full article. ]] 
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| Ten Commandments for a Successful Banking Career Posted: 13 Dec 2011 08:30 PM PST It is indeed a pleasure to be here in your midst today. Young people infuse energy and vigour into any gathering but bright, young bankers like you also make it a learning experience. Convocations are always a very special occasion as they signify... [[ This is a content summary only. Visit www.taxguru.in for full article. ]] 
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| Further Understanding of Issues Required to Sustain Growth and Create Inclusive Outcomes for the People – FM Posted: 13 Dec 2011 08:30 PM PST The Union Finance Minister Shri Pranab Mukherjee has said that we need to further our understanding of issues where greater and coordinated policy actions are needed to sustain growth and create inclusive outcomes for the people. He was delivering... [[ This is a content summary only. Visit www.taxguru.in for full article. ]] 
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| Gross Financial Flows, Global Imbalances, and Crises Posted: 13 Dec 2011 08:30 PM PST Good evening. On behalf of the Reserve Bank of India, I have great pleasure in welcoming Prof. Maurice Obstfeld, who will shortly be delivering the L.K. Jha Memorial Lecture. Warm welcome also to Mrs. Jeniffer Obstfeld. I also have pleasure in... [[ This is a content summary only. Visit www.taxguru.in for full article. ]] 
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| Guidance Manual for Audit Quality for professional Cost Accountants Posted: 13 Dec 2011 08:29 PM PST This Guidance Manual for Audit Quality deals with a firm's responsibilities for its system of quality control for audits and reviews of cost / financial statements, and other assurance and related services engagements. This Manual is to be read in... [[ This is a content summary only. Visit www.taxguru.in for full article. ]] 
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| Revised format of Monthly Cumulative Report (MCR) incorporating investments in Infrastructure Debt Fund Posted: 13 Dec 2011 08:27 PM PST Please refer to SEBI circular SEBI/IMD/CIR No. 3/124444/08 dated April 30, 2008 prescribing the format for Monthly Cumulative Report. 2. Since the SEBI(Mutual Funds) Regulations, 1996 have been amended to enable mutual funds to launch Infrastructure... [[ This is a content summary only. Visit www.taxguru.in for full article. ]] 
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| National Electricity Fund (Interest Subsidy) Scheme to subsidize interest rate on loans Posted: 13 Dec 2011 08:24 PM PST The Cabinet Committee on Economic Affairs today approved setting up of the National Electricity Fund (Interest Subsidy Scheme) to provide interest subsidy etc. aggregating to Rs. 8466 crore for a period of 14 years for projects of electricity... [[ This is a content summary only. Visit www.taxguru.in for full article. ]] 
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| Finance Minister's Inaugural Address at the International Conference on "Economic Policies for Emerging Economies" Posted: 13 Dec 2011 08:21 PM PST It gives me great pleasure to deliver the inaugural address at the International Conference on "Economic Policies for Emerging Economies" organized jointly by the Ministry of Finance, Government of India and the National Institute of Public Finance...
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