"October, 2010" Archive - Page 19

No varying pay if employees are on same posts- HC

There cannot be discrimination among employees holding the same posts and doing similar nature of work in terms of their pay scale unless one has higher qualifications, Delhi High Court has said. The court dismissed an appeal filed by the Centre agai...

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Posted Under: Finance |

Salman Khan Tax case- Court moved over Rs.40 million 'evasion'

The Bombay High Court will soon hear a petition filed by the income tax (IT) department pertaining to a 10-year-old case involving alleged tax evasion of Rs.40 million by Bollywood actor Salman Khan.The IT department has challenged an order of the in...

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Posted Under: Finance |

IPL scam- Income Tax department gets finance details of more than Rs 150 crore in overseas accounts

The Income Tax department has received financial details of more than Rs 150 crore in overseas accounts from some tax haven countries of "non- residents" who invested in the IPL. The department had few months ago approached an exclusive cell in the F...

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Posted Under: Finance |

FAQ: Filing of TDS Return for Payment to Transporter Having PAN

We have summarised below few frequently asked questions and answers which arise in respect of deduction of TDS on transport Charges and in respect of TDS return filing requirement when no TDS been deducted on Transport Charges Paid to the Transporte...

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Posted Under: Finance |

ESIC Compliance Gets Online

ESIC has embarked upon a major computerization program called “Project Panchdeep”. Employers will be able to make all statutory compliances like registration of employees, payment of ESIC dues and submission of statements online. This facility has al...

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Posted Under: Finance |

How to get consolidated eTDS / FUV file from NSDL

Deductors are required to file eTDS statement every quarter. Any error/ omission in original statement filed has to be rectified by filing a correction statement. It was possible to file multiple correction statement in respect of one original return...

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Posted Under: Finance |

ICAI Committee on International Taxation Invites Suggestions for Pre-Budget Memorandum – 2011

The Committee on International Taxation is in the process of identifying issues that need to be taken up in the Pre-Budget Memorandum on International Taxation - 2011 to be submitted to the Ministry of Finance. The Committee invites suggestions on I...

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Posted Under: Finance | ,

Indian CA firms having tie-up/affiliation with international entities/network

The Council of the Institute had recently considered the draft Report on Operation of Multinational Network Accounting Firms in India, which inter alia, was based on examination of documents/details provided by many CA firms registered with ICAI and ...

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ICAI inks Pact with Corporation Bank

The Institute of Chartered Accountants of India [ICAI] today signed an MoU with Corporation Bank, a premier public sector bank. This MoU will offer a specially designed scheme (Corp CA) to cater to various financial needs of Chartered Accountants. Sh...

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Posted Under: Finance |

Clarification regarding unauthentic e-mail/SMS chains in respect of November 2010 Exams-ICAI

It has been brought to our knowledge that certain SMSs/e-mail chains have been generated claiming that the Institute has changed the passing requirements of its various examinations w.e.f. November, 2010 examinations. It may be clarified that the sa...

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