In search & seizure actions conducted by the Income Tax department on 18th & 19 th January 2011, unaccounted cash amounting to Rs 44.20 crore was seized. This is the largest ever cash haul by the Income Tax department.
The results of the Chartered Accountants Final and Final (New Course) Examinations held in November, 2010 and Common Proficiency Test (CPT) held in December, 2010 are likely to be declared on Friday, the 21st January, 2011 around 2:00 PM and the same
In view of the foregoing, it is advised that henceforth, banks should not issue Tier 1 or Tier 2 capital instruments with ‘step-up option’ so that these instruments continue to remain eligible for inclusion in the new definition of regulatory capital. However, such instruments can be issued with only ‘call option’ as per existing rules contained in the circulars mentioned above.
The above limits of credit exposure for housing would be applicable with immediate effect. StCBs and CCBs having exposure in excess of the above limits may initiate steps to bring it down to the revised limits within a period of six months from the date of this circular.
We advise that in a meeting of ‘Committee on Investors Education and Protection Fund’ held by the Government of India, Ministry of Corporate Affairs, New Delhi, it has, inter-alia, been decided that banks should make ‘investor awareness’ as one of the agenda items in their periodical meetings with their customers at semi urban/rural branches so that more people are covered under the programme.
Circular No. 133 /2/2011 – ST A clarification has been sought as to the scope and meaning of the description namely ‘Janata Personal Accident Policy (JPAP)’ appearing in the Notification No. 3/1994-ST dated 30.06.1994.
Salaried taxpayers with no other income could get a respite from filing tax returns. The income-tax (I-T) department is open to examining a proposal to exempt them from the annual chore. Asked whether the department would think about doing away with
New President and Vice-President of ICSI for 2011 CS Mr Anil Murarka FCS-3150 CS Mr Nesar Ahmad FCS-3360
Germany gave information about 26 accounts held by Indians in LGT Bank, but tax evasion proceedings could be initiated against only 18 resident citizens, the Centre informed the SC on Wednesday. The Centre handed a sealed report containing the name
Owns 25 Flats, Over 10Kg Gold, 400 Acres Of Land Besides Other Investments In ‘bimaru’ Madhya Pradesh, bank lockers of bureaucrats and government officials are bursting with cash and gold. An IAS couple here owns 25 flats and 400 acres of land besi
