"November, 2009" Archive - Page 10

Getting Occupation Certificate (OC) a builder's duty

Consumer Disputes Redressal Forum orders Dharia Developers to immediately act on obtaining Occupation Certificate for a property owner who bought his flat in 2006.Obtaining Occupation Certificate (OC) should be a must-have document for those purchasing flats, before taking possession of their property. If you are denied the same, then the...

Read More
Posted Under: Finance |

Company Law Board (CLB) will get a fresh set of members soon

The government has put its act together to see that the Company Law Board (CLB), the quasi-judicial body that gives verdicts on litigation and complaints that come under the purview of the Companies Act, gets a fresh set of members soon. This is in the backdrop of the arrest of R Vasudevan, the senior most CLB member, on November 24. This...

Read More
Posted Under: Finance |

GST registration will be through uniform PAN-linked business identification number

The model legislation for the introduction of goods and services tax (GST) will have a provision for registration of individuals and companies which pay the tax.The registration will be done through a uniform PAN-linked business identification number. The Department of Revenue in the Ministry of Finance had recently sent a proposal to sta...

Read More
Posted Under: Finance |

Consitution will be amended to introduce GST

The Constitutional amendment will be the basis for the new tax regime and will be followed by adoption of separate state and Central GST laws. The last amendment to the Constitution dealing with a financial matter was in 2000, when the Centre was given the power to tax services. The Ministry of Finance was in consultation with the law min...

Read More
Posted Under: Finance |

State governments to monitor violation of FDI regulation in retail sector

01/01/1970

It has directed them to create a “suitable mechanism” to hold periodic scrutiny against violation of Foreign Exchange Management Act (FEMA). The move comes after it was found that some foreign retail companies or joint ventures, which had permission to undertake only “cash & carry wholesale trading” were violating the rules. They ...

Read More
Posted Under: Finance |

Competition Act may include imprisionment provision

“Besides the hefty fine, jail sentences were awarded to companies found violating the clauses of the competition law in Europe. While in India the maximum penalty ends with a fine, it might not be surprising that an imprisionment provision will be incorporated to add more teeth to the present CCA”, he said....

Read More
Posted Under: Finance |

Finance Ministry started the process of pre-Budget consultations

With just three months left for the Union Budget 2010-11, the Ministry of Finance has started the process of pre-Budget consultations. A first round of pre-Budget meetings with the various ministries has already taken place.The ministry has also written to industry bodies to send in their proposals for the Budget. It will hold discussions...

Read More
Posted Under: Finance |

Govt will know reinvestigations matters handled by arrested CLB member R Vasudevan

Vasudevan, who was director investigation and inspection ministry of corporate affairs before joining the CLB three months ago, was looking into high profile cases like the Satyam and the Sesa Goa fraud. "No we don't need to relook, it is the SFIO that has done the investigation, in the beginning it was done at the level of Regional Direc...

Read More
Posted Under: Finance |

Appointments of Hon’ble Sr. Vice President and Vice Presidents to ITAT

Hon’ble Shri R.V. Easwar, Judicial Member, has been elevated as Senior Vice President and posted to the Mumbai Bench of the Tribunal with effect from 25th November 2009. Shri. Easwar has qualified as LLM and ACA and practised as a lawyer from 1975 to 1991 in Chennai. After his elevation to the Bench in 1991, he has served the Kolkota, M...

Read More
Posted Under: Finance |

Deduction U/s. 80HHC allowable while computing book profit even if there are no normal profits

The assessee’s income was computed u/s 115JB as it had no income under the normal provisions of the Act. The assessee claimed that despite the absence of normal profits, it was eligible for deduction u/s 80HHC in computing the book profits under Expl. (iv) of s. 115JB in accordance with the judgement of the Special Bench in Syncome Form...

Read More

Search Posts by Date

June 2021
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
282930