India’s income tax department will look into tax issues in a loans bribery case, a finance ministry official said on Thursday. The IT (income tax) department will certainly look into any tax angle involved in the matter, the Central Board of
The government today said the Union Budget for next fiscal would look into the various problems being faced by companies under their Central Value Added Tax (Cenvat) credit claims. Cenvat rate is currently fixed at 10 per cent and companies get credi
Seeking the help of a friendly official or agent of a foreign bank to open a bank account overseas may not be a good idea as tax sleuths have their eyes on them and could soon be knocking at your doors.Income tax sleuths are keeping a close watch on
SEBI – Submission of report of the Committee for Review of Ownership and Governance of Market Infrastructure Institutions PRESS RELEASE NO. 254/2010, DATED 23-11-2010 The Securities and Exchange Board of India constituted a Committee under the Chairmanship of Dr. Bimal Jalan, (Former Governor, Reserve Bank of India) to examine issues arising from the ownership and governance […]
Union Budget- Suggestions from the Industry and Trade Associations for Budget 2011-12 regarding changes in direct and indirect taxes PRESS NOTE [F.NO.334/5/2010-TRU], DATED 22-11-2010 In the context of formulating the proposals for the Union Budget of 2011-12, the Ministry of Finance would like to be benefited by the suggestions and views of your Association. You may […]
CIRCULAR NO. IRDA/ACT/CIR/VIP/187/11/2010, DATED 23-11-2010 The structure of insurance policies evolves over time to provide policy holders, a stream of long term benefits. Generally these changes are in response to changes in the overall financial sector as also to be in line with current consumer expectations. Over the past decade, non-linked life insurance products have […]
Finance Minister Directs all PSBs, FIs and Insurance Companies to Look into their Exposures to the Various Companies Mentioned by CBI : Carry Out an Independent Evaluation on the Asset Quality, Documentation and Compliance of Prudential Requirements;
Dr. M.Veerappa Moily, Minister of Law and Justice informed the Lok Sabha in a written reply that the Government has amended the Representation of People’s Act to prohibit of conduct of exist polls till the last phase of polling is over. The Minister
It is therefore, advised that SC/RCs on becoming member /members of any Credit Information Company / Companies may provide them the current data in the existing format if not already furnished by the banks/FIs from whom SC/RCs acquire the assets. Care should be taken to ensure that accurate data / history regarding borrowers is given to Credit Information Companies.
CBI in its press release has stated that it has arrested CEO of LIC Housing Finance Limited(LICHFL), Mumbai, Secretary (Investment), LIC, Mumbai, General Manager, Bank of India, Mumbai, Director (Chartered Accountant), Central Bank of India, New Delh
