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Archive: 09 February 2011

Posts in 09 February 2011

CBI Arrests a Sub-Divisional Engineer of BSNL accepting bribery

February 9, 2011 727 Views 0 comment Print

The complainant, a private Cable Contractor alleged that the Sub Divisional Engineer, B.S.N.L., Harur has demanded a bribe of Rs.5000/- for sending condonation letter to the Office of General Manager, Dharampuri for clearing his bills. CBI laid a tra

Section 4 of the Special Economic Zones Act, 2005 – Renaissance Designbuild Private Ltd.

February 9, 2011 426 Views 0 comment Print

NOTIFICATION NO. S.O. 198(E), DATED 31-1-2011 The Central Government makes the following amendment in the English version notification of Ministry of Commerce bearing number S.O. 11(E), dated 4th January, 2011 constituting approval committee for the sector specific Special Economic Zone for information technology and information technology enabled services at Village Koorgally, District Mysore in the […]

Another scam- Auditor probes ISRO deal

February 9, 2011 291 Views 0 comment Print

The Comptroller and Auditor General on Monday said that audit of certain activities of Department of Space (DoS) were under way but made it clear that media reports on alleged scam in a deal between ISRO and a private firm cannot be concluded as its

Press Note 04/02/2011 – Easy Exit Scheme, 2011

February 9, 2011 387 Views 0 comment Print

In order to give an opportunity to the defunct companies, for getting their names strike off from the Register of Companies, the Ministry had decided to introduce a Scheme namely, “Easy Exit Scheme, 2011” under Section 560 of the Companies Act, 1956

IT Strategy for Goods and Services Tax (GST)

February 9, 2011 661 Views 0 comment Print

The broad IT plan for enabling GST was presented to the Government of India and the Empowered Committee of State Finance Ministers

Growth in GDP at Market Prices at 9.7 Per Cent for 2010-11

February 9, 2011 186 Views 0 comment Print

Union Finance Minister Shri Pranab Mukherjee said that the growth in GDP at market prices at 9.7 per cent for 2010-11 reflects buoyancy in our tax collections. Shri Mukherjee was reacting to the Advance Estimates of National Income for 2010-11 releas

India and Isle of Man Sign Tax Information Exchange Agreement

February 9, 2011 330 Views 0 comment Print

India and Isle of Man have signed a Tax Information Exchange Agreement (TIEA) on 4th February, 2011 in London. The agreement has been signed by Shri Nalin Surie, High Commissioner of India to the United Kingdom from Indian side and Hon. Anne Craine, MHK, Minister of the Treasury from Isle of Man side. This is the second TIEA being signed by India. First TIEA was signed by India with Bermuda in Delhi on 7th October, 2010.

Net Direct Tax Collections Register Growth of 20.37 Percent During April 2010 –January 2011

February 9, 2011 261 Views 0 comment Print

Net direct tax collections during the period April 2010 to January 2011 stood at Rs.3,17,501 crore, up from Rs.2,63,765 crore in the same period last fiscal, registering a growth of 20.37 percent. Growth in Corporate Income Tax was 24.78 percent (R

Exclusion of certain topics in CA Final Examination to be held in May, 2011

February 9, 2011 342 Views 0 comment Print

Exclusion of certain topics in the CA Final Examination to be held in May, 2011 On a review of the Final Course syllabus, the Council has decided to exclude the following topics from the Final Examination to be held in May, 2011:-

ICAI asks Big Four audit firms not to buy out Indian cos

February 9, 2011 279 Views 0 comment Print

Amid concerns of alleged ‘surrogate practices’ of ‘Big Four’ accounting firms,regulator ICAI has asked PriceWaterhouseCoopers, KPMG , Ernst & Young and Deloitte to desist from acquiring Indian audit outfits. “Worldwide, there is a talk that there

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