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Archive: 24 October 2010

Posts in 24 October 2010

Postmortem of Union Budget 2024: A Comprehensive Webinar

July 18, 2024 5091 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 4386 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!

IRDA suspends sale of universal life policies and will not allow sale of single-premium products under ULIPs

October 24, 2010 361 Views 0 comment Print

The Insurance Regulatory and Development Authority (Irda) has suspended sale of universal life policies, which were being promoted as an alternative to unit-linked insurance plans, from October 23. Sales have been suspended until the final guideline

Reduction of Government litigations – providing monetary limits for filing appeals by the Department before CESTAT and High Courts

October 24, 2010 2253 Views 0 comment Print

Reduction of Government litigations – providing monetary limits for filing appeals by the Department before CESTAT and High Courts – Regarding F.No.390/Misc./163/2010-JC, New Delhi 20th October 2010 Ministry of Finance, Department of Revenue, Central Board of Excise & Customs INSTRUCTION 1. The National Litigation Policy formulated by the Government of India aims to reduce Government litigation so that […]

RBI to continue with prudential norms for banks-ICAI

October 24, 2010 246 Views 0 comment Print

The Reserve Bank of India (RBI) will continue with prudential norms for banks, the Institute of Chartered Accountants of India (ICAI) has said. It also stated that International Financial Reporting Standards-9 (IFRS 9) for banks will not be adopted.

Transfer of High Courts Judges

October 24, 2010 351 Views 0 comment Print

Transfer of High Courts Judges-In exercise of the powers conferred by clause (1) of article 222 of the Constitution of India, the President after consultation with the Chief Justice of India, is pleased to transfer the following Judges of the High Co

Income Tax Demand of Rs.11,218 Crore Raised on Vodafone for failure to deduct tax as required under section 195

October 24, 2010 435 Views 0 comment Print

The Income Tax department today issued an order raising a tax demand of Rs.11,217.95 crore on Vodafone International Holdings BV treating it as an assessee in default under section 201(1) of the Income Tax Act, 1961 (the Act) for failure to deduct ta

Rs 246 crore CWG deal is transparent, says Doordarshan DG

October 24, 2010 285 Views 0 comment Print

Rejecting allegations of corruption, public broadcaster Doordarshan today claimed that the Rs 246 crore contract with a British firm to telecast Commonwealth Games was ‘transparent and as per government rules. Having faced brickbats from all quarters

Income tax dept chooses softer option of acting on tax evasion of Rs 29 crore by CWG broadcast firm SIS Live

October 24, 2010 297 Views 0 comment Print

The income tax department chose the softer option of acting on a tax evasion of Rs 29 crore from CWG broadcast firm SIS Live by withdrawing its own order to attach the company’s bank accounts.It rewrote its order attach accounts directly and instead

Single premium option for unit-linked pension plans

October 24, 2010 727 Views 0 comment Print

After the initial hesitation, some of the private sector life insurance companies are launching unit-linked pension plans, but only with a single premium option. While ICICI Prudential has recently launched its single premium unit-linked pension plan

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