"13 February 2011" Archive

Penultimate Sales under CST Act 1956-Submission of H forms

Neither the State Government can impose tax/vat on sales of goods in the course of import or export nor CST Act 1956 imposes any tax on such sales. Here in this article exemptions available on Penultimate export sales under CST Act 1956 are concentrated on:...

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RBI board meeting resolves to strengthen financial inclusion

The central board of the Reserve Bank met in Bhopal today and decided to prepare a financial inclusion plan for 2,736 Madhya Pradesh villages, with a population of over 2,000, as per the roadmap laid down in the last Union Budget....

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IRDA releases norms for merger of general insurance cos

NA (13/02/2011)

More than 10 years after opening up of the insurance sector, regulator Irda today proposed to allow mergers and acquisitions in the general insurance business that requires consolidation among the 24 industry players, most of which are loss-making....

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ICAI wants Rs one crore fine on erring audit firms

Concerned over delinquencies by accountancy firms in cases like Satyam, regulatory body ICAI is seeking changes in the statutes so that fines up to Rs one crore can be imposed on erring entities. "We have sent a proposal to the government to allow ...

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EPFO Launches “web Based” claim enquiry module

The Central Provident Fund commissioner Mr. Samirendra Chatterjee, I.A.S.,today launched Web Based Claim enquiry module at a small function organized at the EPFO headquarters. Addressing the officers and Staff of the Head Office he said the computeri...

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CBDT Order On Promotions, Postings & Transfers Of CCITs , DGCITs , CITs, ADDLs and JCITs (Feb 2011)

Order No. 21, 22, 23 OF 2011 Ad VI (11/02/2011)

The following Order Nos. 21 of 2011 dated 09.02.2011, 22 of 2011 dated 11.2.2011, 23 of 2011 dated 11.2.2011, 24 of 2011 dated 11.2.2011 & 25 of 2011 dated 11.2.2011 have been issued by the Central Board of Direct Taxes (CBDT) related to promotion...

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Black Money – Now I-T Officials to Join world economic body OECD

After deciding to deploy revenue service officers at eight overseas Income Tax units, the government will now depute IRS officers at the top world economic body OECD to improve global cooperation in tackling money laundering, tax crimes and bribery....

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Govt to Reveal Black Money Holders’ Names after Cases Filed

The Centre today assured the Supreme Court that it would reveal the names of persons, who have stashed black money in foreign banks after registering a formal case against them. Solicitor general Gopal Subramanium, appearing before a bench headed by ...

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Applications invited till 28.022011, for admission to CS Executive Programme

Applications are invited till 28th February, 2011, for admission to CS Executive Programme conducted by Institute of Company Secretaries of India. Applications are invited till 28th February, 2011 for admission to Company Secretaries (CS) Executive P...

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ICAI solicits views on SEBI Discussion Paper on Outsourcing of Activities Related to Intermediation Services

SEBI has prepared a discussion paper on outsourcing of activities related to the intermediation services. The paper proposes certain principles for outsourcing, and indicates activities presently being outsourced by the intermediaries along with the ...

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