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Archive: 19 January 2011

Posts in 19 January 2011

Live Course on 360 degree Analysis of Input Tax Credit from a Litigation Perspective

July 14, 2024 3006 Views 0 comment Print

Join CA Sachin Jain for a live course on Input Tax Credit from a litigation perspective. Gain practical insights and master ITC complexities. Register now!

Section 210A – Constitution of National Advisory Committee on Accounting Standards – Notified Committee

January 19, 2011 3277 Views 0 comment Print

section 210A of the Companies Act, 1956 (1 of 1956), the Central Government hereby constitutes an Advisory Committee to be called the National Advisory Committee on Accounting Standards, consisting of the following persons to advise the Central Government on the formulation and laying down of accounting policies and accounting standards for adoption by companies or class of companies under the said Act

Notification No. 04/2011 – Income Tax Dated 19/1/2011

January 19, 2011 372 Views 0 comment Print

Notification No. 04/2011 – Income Tax Scientific research expenditure – International Advanced Research, Centre for Power Metallurgy and New Materials (ARC-International), Hyderabad get approval under section 35(1)(iii)

Stay Application should not be disposed of in a routine manner unmindful of the consequences flowing from the order

January 19, 2011 666 Views 0 comment Print

Applications for stay should not be disposed of in a routine manner unmindful of the consequences flowing from the order requiring the assessee to deposit full or part of the demand; Three aspects to be focused while dealing with the applications for dispensing of pre-deposit are: (a) prima facie case, (b) balance of convenience, and (c) irreparable loss;

CPT June 2011 Examination – ICAI notifies Examination dates, For Filing Date, Examination Centre, Fees etc

January 19, 2011 1942 Views 0 comment Print

– In pursuance of Regulation 22 of the Chartered Accountants Regulations, 1988, the Council of the Institute of Chartered Accountants of India is pleased to notify that the Common Proficiency Test ( Paper- Pencil Mode) will be held on Sunday, 19th Ju

New Trademark Rules (search gets free and Application gets costly)

January 19, 2011 192 Views 0 comment Print

Intellectual Property Office has also issued the public notice that “The fee for filing of application to register a trade mark for a specification of goods or services included in one class has been increased from Rs.2,500/- to Rs.3,500 /-. The abov

ICICI debit card Customers can withdraw cash 1000/- per day from shops

January 19, 2011 264 Views 0 comment Print

The country’s largest private bank ICICI Tuesday said its customers would be able to withdraw cash using debit cards at approved merchant establishments even if they choose not to make purchases from the particular shop. ‘This facility will be avai

Reveal Swiss bank account holders' names – BJP

January 19, 2011 651 Views 0 comment Print

The Bharatiya Janata Party on Tuesday asked the Centre to immediately declare names of the Indians who had stashed black money in Swiss Banks. The United Progressive Alliance government should, without any hesitation, make public names of all

Infosys plans to appeal against arbitrary order, Industry Surprised by order

January 19, 2011 444 Views 0 comment Print

Infosys Technologies Ltd. Tuesday said it will appeal against an order from the income tax department seeking more than 4 billion rupees ($88.8 million) in taxes for software sales made at the overseas premises of its international clients. The Econo

RBI revised Service Charges for Cheque Collection – Local, Outstation and Speed Clearing

January 19, 2011 672 Views 0 comment Print

Charges fixed should be reasonable and computed on a cost-plus-basis and not as an arbitrary percentage of the value of the instrument. The service charges-structure should not be open ended and should clearly specify the maximum charges that would be levied on customers including charges if any, payable to other banks.

RBI circular on Credit Support to Micro Finance Institutions (MFIs)

January 19, 2011 1325 Views 0 comment Print

he Reserve Bank of India had held discussions with select banks on December 22, 2010 to get an assessment regarding the ground level situation in the microfinance sector in Andhra Pradesh and other States and the need for any interim measures. The banks informed that collections by MFIs in Andhra Pradesh had deteriorated considerably and there were some incipient signs of contagion spreading to other States. Subsequently, IBA based on the feedback received by them from banks had come up with a proposal that there is a need for extending certain relaxations in the restructuring guidelines of RBI for the MFI sector.

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