Nowadays I am receiving one or more email daily with subject ‘Tax Refund Notification’. With mail I receive a attached form in which they ask bank account details. This is the trap Once you enter your bank account detail which includes your username and password the same get stored in the database of the person sending fraud emails. After receiving your username , password they transfer all your money in their bank account.
The government will not defer plans to sell stakes in public sector undertakings (PSUs), required to bridge its yawning fiscal deficit, despite a poor response to two of its recent sales, a finance ministry official said. The government has raised Rs 12,740 crore via divestment in PSUs since May 2009.
India is looking to recast provisions relating to mergers and acquisitions (M&As) that require ratification by the Competition Commission of India (CCI). Currently, under the Competition Act, any M&A that results in combined revenue above certain thresholds must first be cleared by CCI, a unit of the ministry of corporate affairs (MCA). The ministry also must first notify regulations regarding M&As before referring them to CCI.
What is evident in the CSO data for GDP growth and fiscal deficit forecast for the current year, it appears certain fiscal deficit management and measures to push growth beyond 7% will be on top of the agenda. This could mean policy makers shall take a hard look at concessions, an impact thereof on the macroeconomy and of course, strategies for greater tax revenue mobilization.
Notification No. 01/2010 – Service Tax In the Service Tax Rules 1994 (hereinafter referred to as the said rules), in rule 6, in sub-rule (2), for the proviso, the following proviso, shall be substituted, namely:-“Provided that where an assessee has paid a total service tax of rupees ten lakh or more including the amount paid by utilisation of CENVAT credit, in the preceding financial year, he shall deposit the service tax liable to be paid by him electronically, through internet banking.”
This is to inform that owing to delay in making available Application Forms for May-2010 Chartered Accountants Examinations at some branches/Regional offices , the Competent Authority has decided to extend the last date for receipt of filled in Examination Forms ( without late fee of Rs.500/-) till 5th March,2010.
The students of PE II who have joined the course on the basis of their degree examination and switched over to PCC after discontinuance of PE II may apply for May 2010 subject to completion of their articled training period before 30th of April 2010 (including excess leave, any).
