Inter and Final Result of June 2010 under Syllabus 2008 will be declared on 31.08.2010. For Result check http://www.exam.icwai.org/result/default.asp
Padma Bhushan awardee and octogenarian Madhusudan Dhaky invested his lifetime savings into buying a flat. Little did he realise that the flat he bought was an illegal one. He is not alone to be duped, many property buyers fall prey to glib talks of unscrupulous real estate developers and agents. Ahmedabad Municipal Corporation (AMC) authorities, however, insist that the victims had bought homes without properly investigating the genuineness of the house-ownership documents.
The revenue department has contested the petition filed by PVR Pictures in the Delhi High Court against the government’s decision to levy service tax on copyright services such as sale of music rights, sale of direct-to-home satellite TV rights, and screening in cinemas. In a counter affidavit filed in the court, the department has said that temporary transfer of rights to copy in a limited manner will be chargeable to service tax.
When American Senator Charles Schumer described Indian software firms as `chop shops’, few imagined that the taxman back home could add salt to the slur. Indeed, Indian income-tax authorities are beginning to claim tax on the money that software firms make by sending their boys to work with companies in the US, Europe and other markets—a business that is known as onshore software development, or simply ‘body shopping’.
The Supreme Court has asked the Central Board of Direct Taxes (CBDT) and other tax authorities to get the help of technical experts while deciding income tax liability of cellular service providers. The order came after a batch of appeals by income tax authorities against the ruling of the tribunal favouring Bharti Cellular Ltd and other service providers.
The Income Tax Settlement Commission, even after commencing the proceedings, is empowered to examine the authenticity of such full and true disclosure of the unaccounted return of the assessees, said the apex court dismissing the plea of real estate major Ajmera Housing Corporation and others.
The competition watchdog CCI has proposed setting up of state-level commissions to safeguard interests of small businesses and spread its reach to different parts of the country. The proposal forms part of the recommendations submitted to the Corporate Affairs Ministry on the National Competition Policy (NCP) by the Competition Commission of India (CCI).
The government will provide an additional incentive of Rs.1,050 crore to labour- intensive sectors like handicrafts, handlooms and leather goods, whose exports have been badly hit by the downturn in the US and Europe, Commerce and Industry Minister Anand Sharma said on Monday. “In order to give immediate relief, a bonus incentive is being provided to sectors whose exports are still not doing well,” Sharma said, announcing the annual supplement to the foreign trade policy.
Shri Anand Sharma, Minister of Commerce and Industry while announcing the annual supplement 2010-11 to the Foreign Trade Policy 2009-14 stated that, “We are on course to achieve the export target of US$ 200 billion in the fiscal year 2010-11 and over the remaining 3 years of Policy, we should be able to come back on the high export growth trajectory of 25% per annum and by 2014, we expect to double India’s exports of goods and services.” Following are the Highlights of the Annual Supplement.
Last year, when I presented the Foreign Trade Policy 2009-14 on 27 August, 2009, the world was passing through the greatest economic crisis we have seen in recent times. Economies and markets world-wide were in turmoil, causing a sharp contraction in international trade, adversely impacting global investment flows and rendering over 50 million people jobless.
