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Archive: 07 December 2010

Posts in 07 December 2010

Bill on forward contracts introduced in LOK SABHA

December 7, 2010 285 Views 0 comment Print

The Forward Contracts (Regulation) Amendment Bill ( FCRA bill) was, at long last, introduced the Lok Sabha on Monday by food MoS K V Thomas . The proposed amendments, long awaited by commodity participants in the country, are expected to restructure

SARFAESI ACT, 2002 and various complicated issues?

December 7, 2010 2483 Views 0 comment Print

We all know the object of SARFAESI Act, 2002 and it is to assist the Banks in realization of their debt through proceeding against the “Secured Asset”. There are people and professionals supporting SARFAESI Act, 2002 on the ground that in the absence

I-T Dept introduces new facility for online submission of rectification request

December 7, 2010 651 Views 0 comment Print

Department introduces new facility for online submission of rectification request in cases where processing was completed by CPC Bangalore. Please review the guide for common errors to first rectify the return submitted and generate the rectification xml using excel utility (same utility is to be used).

Notification No. GSR 956(E)-Income Tax Dated 7/12/2010

December 7, 2010 931 Views 0 comment Print

Notification No. GSR 956(E)-Income Tax In exercise of the powers conferred by sub-section (4) of section 3 of the Public Provident Fund Act, 1968 (23 of 1968), the Cen­tral Government hereby makes the following Scheme further to amend the Public Provident Fund Scheme, 1968, namely :— 1. (1) This scheme may be called the Public Provident Fund (Amendment) Scheme, 2010.

Notification No. 89/2010-Income Tax Dated 7/12/2010

December 7, 2010 466 Views 0 comment Print

Notification No. 89/2010-Income Tax S.O It is hereby notified for general information that the organization Arogyaseva Medical Academy of India, Pure has been approved by the Central Government for the purpose of clause (ii) of sub­section (1) of section 35 of the Income-tax Act, 1961 (said Act), read with Rules SC and 5E of the Income-tax Rules, 1962 (said Rules), with effect from 1.4.2006 (Assessment Year 2007-08) onwards

Empanelment of Chartered Accountant Firms for Implementation of Accrual Based Double Entry Accounting System

December 7, 2010 823 Views 0 comment Print

ity Managers’ Association Gujarat on behalf of GMFB invites RFP from the eligible firm to carry out the work of Accrual Based Double Entry Accounting System in 159 Municipalities of Gujarat. The category wise / District wise list of municipalities ap

Balances held by State and Central Co-operative Banks with IDBI Bank Limited – Treatment for CRR / SLR Purpose

December 7, 2010 2017 Views 0 comment Print

It has been decided that State and Central Co-operative Banks are exempted till further order from the obligation of maintenance of cash reserve ratio (CRR) under section 18 or assets in the form of cash, gold or unencumbered approved securities under section 24 read with section 56 of the Banking Regulation Act, 1949, to the extent of the amounts deposited by them with IDBI Bank Limited, in current account.

SEZ -Clarification on execution of Bond-cum-Legal Undertaking by the SEZ Developer or SEZ Unit in terms of rule 22(1)(iv) of the SEZ Rules, 2006

December 7, 2010 3288 Views 0 comment Print

SEZ – Clarification on execution of Bond-cum-Legal Undertaking by the SEZ Developer or SEZ Unit in terms of rule 22(1)(iv) of the SEZ Rules, 2006 INSTRUCTION NO. 72, DATED 30-11-2010 The undersigned is directed to say that the representations have been received from the SEZ Developer SEZ Unit seeking clarification on execution of Bond-cum-Legal Undertaking by […]

Each Unique ID number costs Rs.100- Nilekani

December 7, 2010 318 Views 0 comment Print

It costs the Unique Identification Authority of India (UIDAI) Rs.100 to generate each ‘aadhaar’ number, which will help address the challenges of inclusion, the authority’s chief Nandan Nilekani, said here Thursday.It costs the authority Rs.50 to enrol each individual for the Unique ID (UID) and another Rs.50 on back-end costs, he said.

India to look for secret bank accounts in tax havens

December 7, 2010 390 Views 0 comment Print

India has begun its search for the trail for money stashed away in secret bank accounts in tax havens, in a bid to get to the source of funds of investors in the firms that were granted telecom licences and scarce 2G spectrum at allegedly throwaway

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