"09 February 2011" Archive - Page 4

Budget 2011 – Bridging Gap between Present and Proposed Indirect Tax Structure in India

The month of February is always a speculation filled month in India as at the end of the month India receives a Budget for the coming fiscal year. Bearing in mind the proposed overhaul in the tax arena in India, Budget 2011-12 will surely play a cruc...

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Re-opening of pension option to employees of Public Sector Banks and enhancement in gratuity limits – Prudential Regulatory Treatment

RBI/2010-11/400 DBOD.No. BP.BC.80/ 21.04.018/2010-11 09/02/2011

Consequent upon the introduction of International Financial Reporting Standards (IFRS) from April 1, 2013 for the banking industry as scheduled, the opening balance of reserves of banks will be reduced to the extent of the unamortised carry forward expenditure....

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