"30 October 2011" Archive

Young Lawyers with no privileged background – an advice?

Legal profession is a wonderful profession if young lawyers know as to how to succeed in profession. I have recently heard an interview of Shri Gopal Subramaniyam where he was emphasizing on various law colleges in the country apart from ‘National Law Schools’. He was clearing the doubts about the ‘Qualifying Examination’. On ano...

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Posted Under: Corporate Law |

ICSI – Briefs of professional or other misconduct cases

Briefs of professional or other misconduct cases filed against the members in which the Disciplinary Committee of the Institute has found them guilty and has decided to remove their names from the Register of Members vide its Orders dated 3rd October,2011. ...

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Posted Under: Corporate Law |

No disallowance U/s. 40(a)(ia) of expenses for short-deduction of TDS

Deputy Commissioner of Income Tax Vs. M/s. S. K. Tekriwal (ITAT Kolkata)

DCIT vs. M/s. S. K. Tekriwal (ITAT Kolkata) - In the present case before us the assessee has deducted tax u/s. 194C(2) of the Act being payments made to sub-contractors and it is not a case of non-deduction of tax or no deduction of tax as is the import of section 40a(ia) of the Act. But the revenue’s contention is that the payments ar...

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Saving Bank Interest Rate Deregulation – An End to ‘Lazy Banking’?

In a surprise move, India’s central bank, the Reserve Bank of India, on Tuesday freed commercial banks to determine the interest rates on savings accounts for the first time in 34 years. Since 1977, a time that was the halcyon days of Indian socialism, the R.B.I. had determined the rates banks paid on savings deposits, […]...

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Posted Under: Corporate Law |

Cabinet defers decision on Companies Bill 2011

The government today deferred a decision on the new Companies Bill and said it would be taken up next month after sorting out issues concerning delegation of powers to the market regulator Sebi. “Finance Minister has been told by Sebi that few fine tuning matters have to be taken care of before it is actually […]...

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Posted Under: Corporate Law |

RBI seeks Feedback on ToR for Nair Committee on Priority Sector Lending

The Reserve Bank of India has, through a questionnaire, sought views/comments of all stakeholders on the Terms of Reference for the Nair Committee on Priority Sector Lending . Comments/suggestions/views may be emailed latest by November 15, 2011. It may be recalled that the Reserve Bank of India had appointed a Committee to re-examine th...

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Posted Under: Corporate Law |

Important message on Annual Return Filing due date

Dear Corporates please note that Companies having last date of Annual Filling as October 30th 2011 can file on October 31, 2011 also without any additional fee, on account of Oct 30th 2011 being a Sunday. File before October 31st Midnight and save additional fee...

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Posted Under: Corporate Law |

Download Updated Form No. 49A in Excel Format

Download Updated Form No. 49A in Excel Format. The form is prepared after considering latest amendments in format of Form No. 49A latest and it is easily fallible. The form is been revised and re-uploaded to the website by us on 15.11.2011 after removing the shortcomings in earlier version. Downloads New Revised Auto PAN CARD […]...

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