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Archive: 20 November 2010

Posts in 20 November 2010

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 6447 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

Auditors need to be vigilant in detecting fin irregularities

November 20, 2010 288 Views 0 comment Print

The Institute of Chartered Accountants of India (ICAI) said auditors need to be more vigilant in detecting financial irregularities.”Auditors need to be more agile and more vigilant in detecting financial irregularities. A simple disclaimer or a gene

Finmin make presentation on DTC Bill

November 20, 2010 622 Views 0 comment Print

The Finance Ministry will make a presentation before a parliamentary panel on the bill on Direct Taxes Code (DTC), which is scheduled to replace archaic income tax act from April 1, 2012. “It”s a preliminary introductory meeting for the first time..

Provisions for Faster Settlement of Insolvency Cases for Corporates

November 20, 2010 414 Views 0 comment Print

The Minister for Corporate Affairs has said that the Companies Bill, 2009 which was introduced on 3rd August, 2009 has provisions for faster settlement of insolvency cases for corporates. Giving this information in written reply to a question in the

Law under section 11 of Arbitration and Conciliation Act, 1996?

November 20, 2010 2536 Views 0 comment Print

There are many complicated issues with the Arbitration and Conciliation Act, 1996 and I feel that we require certain reforms. I strongly feel that no one should be forced to submit himself to the Arbitration Mechanism unless he consents for the appointment of an Arbitrator when the disputes arises irrespective of the terms dealing with the rights of the parties to appoint an Arbitrator.

Govt admits irregularities in rice exports

November 20, 2010 213 Views 0 comment Print

Admitting irregularities in non-basmati rice exports to some African countries during UPA-I tenure, government on Friday said it has referred the matter to the Central Vigilance Commission (CVC) after slapping show cause notices on officials of Publi

Sebi may introduce flat fee of 1.5% for equity mutual fund schemes

November 20, 2010 318 Views 0 comment Print

The Securities and Exchange Board of India (Sebi) is likely to lower the cap on mutual fund expenses. At present, fund houses can charge up to 2.5% of average assets for equity schemes and 2.25% for debt schemes as annual expenses.It is likely that t

Plan your Home Loan Payment Schedule to take maximum tax benefit

November 20, 2010 1981 Views 0 comment Print

Plan your Home Loan Payment Schedule to take maximum tax benefit. Partial or full prepayment makes sense, but only in some cases. When Jabalpur resident Mahavir Ojha received Rs 80 lakhs from selling an ancestral property, he decided to part-pay his

Pesticide content – Supreme Court quashes action against Pepsi

November 20, 2010 291 Views 0 comment Print

Company argued it was following globally accepted norms. The Supreme Court on Friday quashed the prosecution of soft drink giant PepsiCo by the Kerala government over the pesticide content found in its bottles picked at random from the market. A thre

Exempts goods in relation to generation of power using non-conventional materials – relaxation to projects promoted by states

November 20, 2010 382 Views 0 comment Print

Amends notification no. 81/2005 Cus dated 8-9-2005 – Exempts goods in relation to generation of power using non-conventional materials – relaxation to projects promoted by states. Notification No. 118/2010-Cus dated -18-11-2010 G.S.R. 917(E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central […]

IASB Exposure Draft on Severe Hyperinflation (proposed amendment to IFRS 1)

November 20, 2010 309 Views 0 comment Print

IASB Exposure Draft on Severe Hyperinflation (proposed amendment to IFRS 1) (Comments to be received by November 26, 2010) – (19-11-2010) The International Accounting Standards Board has issued this Exposure Draft on Severe Hyperinflation a proposed amendment to IFRS 1 First-time Adoption of International Financial Reporting Standards. The amendment proposes guidance on how an entity […]

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