Month: April 2009
228 articlesCA, CS, CMA

CA, CS, CMA
IRDA not to have panel of auditors for statutory audit
Income Tax

Income Tax
Agricultural land which is gifted cannot be taxed as income from other sources
Fema / RBI
Fema / RBI
RBI proposed Payment of Interest on Savings Bank Account on a Daily Product Basis from 01.04.2010
Income Tax

Income Tax
75-year-old former Income Tax Officer wins defamation case against CBDT chairman and 2 Commissners with damages worth Rs 5L
Fema / RBI
Fema / RBI
RBI to phase out high value clearing for Cheques drawn over 1 Lakh Rupees
Fema / RBI
Fema / RBI
Banks allowed to open ATMs without Central Bank approval: RBI
Fema / RBI
Fema / RBI
RBI to withdraw NPA relaxation facility from 1st July 2009
Income Tax

Income Tax
Interest paid or payable to the micro, small and medium enterprises required to be reported in 3CD report
Fema / RBI
Fema / RBI
RBI cuts Repo & Reverse Repo rates by 25 basis points, loans to go cheaper
Fema / RBI
Fema / RBI
RBI deal with the problem of black money being hidden in tax havens by continuously updating its regulations
CA, CS, CMA

CA, CS, CMA
CA, CS and cost accountants facing disciplinary action can now appeal to specialised appellate tribunal instead of high court
Excise Duty

Excise Duty
HC & SC judgment prevail over excise department circulars & Instructions: SC
Income Tax

Income Tax
Development Authorities/ Urban civic bodies under CBDT’s lens
Fema / RBI
Fema / RBI
