The Union Finance Minister Shri Pranab Mukherjee said that direct tax collections now account for more than 56 per cent of the total revenue collections of Central Government, making the tax system more progressive than it ever was in the history of independent India. The Finance Minister Shri Mukherjee said that direct tax collections have increased and have reached nearly Rupees four lakhs forty six thousand crores (Rs.4,46,000 crore) in 2010-11. He said that the Income Tax Department has matured into an organisation that has consistently mobilised the resources needed for financing the development of the country.
In order to promote the new symbol of Rupee i.e. the same has been encoded in Unicode Standard and National Standard ISCII. The new symbol has also been placed on the keyboard and by pressing ‘Alt Gr’ + ‘4’ keys together it can be typed. Detailed information is hosted on TDIL Centre (http://tdil-dc.in/) for the benefit of the users at large.
The Union Minister for Commerce & Industry and Textiles, Shri Anand Sharma has said that he will recommend duty draw back on cotton yarn exports to Finance Ministry w.e.f. 1st April 2011. On cotton exports he said ‘comprehensive view will be taken on cotton exports after an inter-ministerial consultation over next few days and a close watch will be maintained on cotton arrival data, maintained by Cotton Advisory Board (CAB), whose meeting is scheduled for August.’ He was speaking after taking stock of the Textiles Industry at a stakeholder’s consultations with Industry here today. It was a comprehensive review of key stakeholders of textiles industry, including the cotton industry, yarn industry and apparel producers.
Though the reliefs claimed in these four writ petitions are different, the core issue raised in all these four writ petitions is, whether any income chargeable to tax in India has accrued or arisen or deemed to have accrued or arisen in India to New Cingular Wireless Services Inc
With a view to regulate the profession of Company Secretaries and in terms of the powers vested, the Council is thus authorised to issue these guidelines for Peer Review. These guidelines serve as a mechanism intended to further enhance the quality of professional work of Practising Company Secretaries over a period of time, thereby ensuring that the profession of Company Secretaries continues to serve the society in the manner envisaged.
In view of the closure of banks on account of half yearly closing on 30th September, 2011, the last date for registration for Common Proficiency Course (CPC) shall be 5th October, 2011 for being eligible to appear in the Common Proficiency Test (CPT) to be held in December, 2011.
The Annual Membership fee and Certificate of Practice fee for the year 2011-12 became due for payment w.e.f. 1st April, 2011. The last date for payment of annual membership fee was 30th June, 2011 which has now been extended upto 31st August, 2011. Members who are yet to pay the fees are requested to pay the fee so as to reach the Institute latest by 31st August, 2011.
The next Professional Competence Course (PCC), Integrated Professional Competence Course (IPCC) and Final Examinations of the Institute will be held from 1st November, 2011 to 17th November, 2011 at the following centres . The last dates for receipt of application forms are 30th August, 2011 (without late fee) and 6th September, 2011 (with late fee of Rs. 500/-). Applications for admission to Professional Competence Course (PCC) Integrated Professional Competence Course (IPCC) and Final Examinations are required to be made either online at http://icaiexam.icai.org or in the prescribed forms which are priced at Rs. 500/- per form for PCC, IPCC & Final candidates.
Vide Order No 122 of 2011 dated 15.7.2011 the CBDT has transferred and posted Deputy / Assistant Commissioners of Income-tax with immediate effect
Ministry of Social Justice & Empowerment implementing a Scheme of Assistance for Prevention of Alcoholism and Substance (Drugs) Abuse for the ‘Whole Person Recovery’ of the addicts as part of our community based intervention and treatment strategy. The is the flagship scheme of Ministry in the field of drug demand deduction. The scope of the scheme includes awareness, early intervention, treatment and rehabilitation to ensure reintegration of the addicts into the social mainstream.
