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Archive: 25 July 2009

Posts in 25 July 2009

Postmortem of Union Budget 2024: A Comprehensive Webinar

July 18, 2024 5901 Views 3 comments Print

Join our webinar on July 24-25 for an in-depth analysis of Union Budget 2024. Learn about tax proposals, sector impacts, and investment insights. Register now!

Live Course on 360 degree Analysis of Input Tax Credit from a Litigation Perspective

July 18, 2024 4719 Views 0 comment Print

Join CA Sachin Jain for a live course on Input Tax Credit from a litigation perspective. Gain practical insights and master ITC complexities. Register now!

PAN card mandatory for all policies where annual premium is more than Rs 1 lakh

July 25, 2009 4973 Views 0 comment Print

The Insurance Regulatory and Development Authority has made PAN card mandatory for all policies where annual premium is more than Rs 1 lakh. It has issued a circular to all life insurance companies in this regard, said a life insurance council official.

Chartered accountant found murdered at the Delhi University’s North Campus

July 25, 2009 468 Views 0 comment Print

A chartered accountant working for Himanshu Sabharwal, son of Ujjain Professor H.S. Sabharwal who died after a fracas between students on the campus three years ago, was found stabbed to death under mysterious circumstances at the Delhi University’s North Campus on Thursday. Thirty-two-year- old Parminder Singh was found in a pool of blood by a […]

Government decided to make it compulsory to quote UTN in Income-tax return forms

July 25, 2009 382 Views 0 comment Print

The Government has decided to make it compulsory to quote Unique Transaction Number (UTN) in the Income-tax return forms to be filed by all the assessees to whom such number has been allocated by the Income-tax Department.

Government proposes to set up a CPC at Bengaluru

July 25, 2009 285 Views 0 comment Print

The Government proposes to set up a Centralised Processing Centre (CPC) during 2009-10 only at Bengaluru, for processing of all Income-tax returns received in the State of Karnataka and for processing of all e-returns received in the country. It will provide speedy processing of returns and issue of refunds to all taxpayers irrespective of whether […]

Effective tax rate for IT Companies will go up once exemption for STPI comes to end

July 25, 2009 576 Views 0 comment Print

IT firms such as TCS, Infosys and Wipro expect their effective tax rates to go up in the coming years as more of their delivery units come out of Software Technology Parks of India. This would further impact the net profit of these companies, already under pressure because of the global economic crisis. The actual […]

Portal to help Indian companies make transition to International Financial Reporting Standards (IFRS) launched

July 25, 2009 295 Views 0 comment Print

The Nasdaq-listed Corporate Executive Board (CEB), a business advisory platform, has come up with an online resource — IFRSPortal.in — to help Indian companies make a smooth transition to International Financial Reporting Standards (IFRS) at lower costs. Through the portal, companies can access the CEB’s practical guidance, best practices research, execution tools and benchmarks to […]

Auditor ask extension to complete Special Audit of Reliance Communication

July 25, 2009 255 Views 0 comment Print

A special audit of Anil Ambani group firm Reliance Communications will be delayed, as the auditor Parakh & Co has sought an extension for three months from mid-July.The government has, however, asked the auditor for progress report before deciding on giving the extension and in case more time was given, the auditors would have to […]

To buy online through credit/debit card you need to enter password from 1st August 09

July 25, 2009 240 Views 0 comment Print

In order to make online transactions Safe & Secure, Reserve Bank of India (RBI) has passed a new mandate with effect from 1st August 2009, wherein online credit card based transactions will include a new verification process. From the 1st of August 2009, every time you make an online payment, you will be directed to your bank’s website where you […]

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