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
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
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.
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
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
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
“Accounting Standard (AS) 30, Financial Instruments: Recognition and Measurement, issued by the Council of the Institute of Chartered Accountants of India, comes into effect in respect of accounting periods commencing on or after 1-4-2009 and will be
A combination of erudition, foresight and professional excellence, CA. G. Ramaswamy has become the supreme torch -bearer of Indian accountancy profession as the President of Institute of Chartered Accountant s of India (ICAI). A fellow member of the
The Bombay High court in the case of Vodafone International BV [Writ Petition No. 1325 of 2010] had inter alia held that the ‘controlling interest’ in an Indian Company is by itself a capital asset, the transfer of which is liable to taxes in India. As there was admittedly a transfer of controlling interest in the Hutchison India by Hutchison Hong Kong in favor of Vodafone BV (which was effected through sale of shares of a Mauritian entity) the HC observed there was supposedly transfer of a ‘capital asset’ situated in India.
It is a fact that people are afraid to approach Courts in this Country except in some cases. General perception now is that it is not worthy to approach courts even if there exist a right cause. It is also being criticized that the legal set-up is b
