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Join our free webinar on July 7 at 5 PM for insights into 10 recent High Court income tax judgments favoring assessees. Expert analysis by CA Dipak Dama.
The Reserve Bank of India has invited stakeholders interested in scheduling discussions on the Discussion Paper on Entry of New Private Sector Banks in the Private Sector to get in touch with the Chief General Manager, Reserve Bank of India, Department of Banking Operations and Development, Central Office, 5th Floor, World Trade Centre-1, Cuffe Parade, Mumbai-400005 or email to fix the schedules for meetings.
Central Government hereby rescinds the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 38/2010-Customs, dated the 23rd March,2010, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R.209(E), dated the 23rd March,2010, except as respect things done or omitted to be done before such rescission.
G.S.R. (E). – In the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 80/2010-Customs, dated the 10th August, 2010 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 665(E), dated the 10th August, 2010, at page 5, in line 30, for the figure and letter “ 5B” read “5C” and in the table, under the column “Condition No.” for the figure and letter “5C”, read “5D”.
Whereas, in the matter of imports of Coumarin (hereinafter referred to as the subject goods), falling under sub heading 2932 21 00 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the said Customs Tariff Act), originating in, or exported from,
Key features and notification of IFCI Infrastructure Tax Saving Bonds u/s 80CCF is given below. 1. This bonds will be called “Long Term Infrastructure Bond”. 2. Application can be by individual or HUF only but not by minor through Gurdians. 3. An Individual or HUF can invest Rs. 20000/- in a Financial year to avail deduction under section 80CCF. 4. Rs. 20000/- limit is in addition to 100000/- limit of section 80C, 80CCC, 80CCD 5. Tenure of the Bonds will be 10 Years.
People ask me, what exactly is jugaad? Global management experts attribute India’s rapid economic growth to jugaad. In a recent survey by the Legatum Institute, 81% of Indian businessmen said jugaad was the key reason for their success.
India is regarded as one of the fastest growing economies in the word and even the president of United States of America, Barrack Obama, frequently refers about the growth of nations like China and India. Many legal professionals have served this country starting from Mahatma Gandhi and the lawyers are better placed to serve the society or the country in view of their understanding of the system and enormous knowledge which they gain by nature of their job.
Taxable service… means any service provided or to be provided to any passenger, by an aircraft operator, in relation to scheduled or non-scheduled air transport of such passenger embarking in India for domestic or international journey [Section 65(105)(zzzo)].
Retail investors will now get to subscribe more in initial public offers (IPOs). The Securities and Exchange Board of India (SEBI) has proposed to raise the investment limit for retail investors from the current Rs 1 lakh to Rs 2 lakh. The move is seen as an intermediate step before increasing the limit to Rs5 lakh and is expected to help companies obtain more retail subscriptions in IPOs.
Chances of a speedy resolution to l’affaire Satyam receded on Wednesday with the Andhra Pradesh high court granting bail to the company’s founder and former chairman, B. Ramalinga Raju, freeing, albeit temporarily, the last of the accused in a corporate fraud that came to light in early 2009 with Raju’s confession and whose magnitude has since doubled to a claimed `14,000 crore.
