Notice:- Inviting applications from CA/ CA firms for empanelment as Consultant for preparation of manual on financial management of AIIMS compatible with IT- enabled accounting, material management, inventory control and financial oversights etc.
Explanation (baa) to s. 80HHC provides that 90% of interest, rent etc has to be reduced from the “Profits & gains” for purposes of s. 80HHC. In Lalsons Enterprises 89 ITD 25, the Special Bench of the Tribunal held that in computing the said interest, rent etc, the assessee was permitted to net off the interest receipt against the interest expenditure
The Opposition alleged that notification seeks to increase VAT on sugar and cloth material, while the items are covered under Central VAT Act. The Maharashtra Government’s notification to increase value added tax (VAT) by one per cent on 90 commodities including oilseeds, rice, and pulses and converting an Ordinance, which will further amend the Maharashtra VAT Act, has run into rough weather.
The Reserve Bank of India today said it may come out with guidelines on new banking licences in about three months. “It (framework on new banking licences) may take three months. It all depends on what are the situations and complexities of issues,” RBI Deputy Governor K C Chakrabarty said on the sidelines of an event organised by SKOCH.
In the wake of a chartered accountancy student’s arrest last week for allegedly forging documents using a CA’s stamps and seals, the Pune branch of the Institute of Chartered Accountants of India (ICAI), now suspects the accused may have misused stamps and seals of more chartered accountants in the city.
Minister for corporate affairs Salman Khurshid on Thurday said that the government is looking at the possibility of inducting a strategic partner in Maytas Properties, the company promoted by the kins of B Ramalinga Raju, founder of the former Satyam Computer Services.
In exercise of the powers conferred by section 30 read with section 11 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following regulations to further amend the Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999, namely
Allowing your brother or kin to stay in your tenanted flat while you stay elsewhere may cost you your tenancy and get you evicted on grounds of sub-letting. This is what the Bombay high court held recently in a case that was fought for over 30 years.
About Rs 200 crore of unaccounted income has been detected in the past week in surveys conducted by the income tax authorities in Ahmedabad and Surat, an official said Tuesday. Two builders of Ahmedabad disclosed unaccounted income of Rs 100 crore after a survey by the department that ended Monday.
he Bombay High Court ruled on Wednesday that no part of an ancestral family property can be ‘gifted’ away. The court in a landmark order while resolving the dispute over a 69-year-old gift deed declared as void the document dating back to 1941, which said that Miraj resident Mallapa had gifted a portion of his ancestral property to his second wife Chandrabai ‘out of love’.
