The government will come out with a draft ‘negative list’ for service tax in two weeks, meaning services which are not mentioned in it would be taxed under the proposed GST regime. The draft paper (on negative list of services) is nearly ready and you should see this paper in two weeks, Joint Secretary in the Ministry of Finance, V K Garg, told PTI.
The Special Judge for CBI Cases, Bangalore has today convicted Smt.K.Chandrika (IRS -2004 Batch), the then Assistant Commissioner, Bangalore in a bribery case of Rs.2 lacs. She was sentenced to undergo three years Simple Imprisonment with a fine of Rs.1.50 lacs. The complainant, a Managing Director of Bangalore-based firm, had alleged in his complaint that the accused had demanded a bribe of Rs.10 lacs from him for reducing the tax liability of his firm. The CBI laid a trap and the accused was caught red handed while demanding & accepting a bribe of Rs.2 lacs from the complainant on 2nd January, 2009.
registered under the societies registration act 1973 (No. 44 of 1973), is responsible for planning, execution & maintenance of Rural Road in Chhattisgarh. Presently execution of rural roads under Pradhan Mantri Gram Sadak Yojna in all the 18 Districts of the state is being carried out through 50 Project Implementation Unit. Expression of interest are invited from suitable Chartered Accountants registered with Comptroller & Auditor General of India for Yearly/Half Yearly internal & external audit of accounting, preparation/compilation of balance sheet of District Project Implementation Units, 8 Project Circle including Chhattisgarh Rural Road Development Agency and decision in disputes in contract matters arising incase of companies and partnership firms.
Accounting regulator ICAI has set up a group of experts to suggest the government ways to deal with the menace of black money and retrieve the illegal money stashed in tax havens and overseas banks.
Maharashtra Sales Tax department claimed to have unearthed a major hawala racket having a turnover of Rs 6,500 crore after raiding 37 firms in the city. “During our investigations, we found that transactions worth around Rs 6,500 crore were carried out by 37 companies since 2007. Almost all the firms had bank accounts with a […]
Pulling up the government for the laggardly pace in investigations into the issue of Blackmoney stashed abroad, the Supreme Court on Monday appointed a Special Investigation Team (SIT) headed by former Apex Court judge B P Jeevan Reddy to investigate and monitor steps taken to bring the unaccounted money back home. Another former Apex Court judge M B Shah will be Vice Chairman of the 13-member SIT into which Director of Research and Analysis Wing (RAW) has been inducted.
The Official Liquidators have reported that they are facing problems in e-filing of Income Tax Returns in compliance as they are required to mention PAN No. of the person who files the return, representing the company in liquidation. In the Regional Directors Conference held on 16-6-2011 also, the Official Liquidators brought to the notice of the Ministry that they are not able to file Income Tax Returns since the verification part of the report require them to mention their personal PAN Card No. even when they file the Return as a representative assesee of the company (in liquidation). It was suggested that a PAN Card should be issued in the name of the office i.e. OL
Notification No.44/2011-Customs (N.T.) In exercise of the powers conferred by sub-section (34) of section 2 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby assigns the functions of the proper officer to the following officers mentioned in column (2) of the Table below, for the purposes of section 17 and section 28 of the said Act, namely:-
IDMD.PCD.06/14.03.07/2011-12 The settlement of trades in Government securities through CCIL was shifted from DvP II to DvP III with effect from April 02, 2004 videcircular IDMD.PDRD.05/10.02.01/2003-04 dated March 29, 2004. It was however clarified vide circular IDMD.PDRS.01/10.02.01/2004-05 dated July 23, 2004 that the DvP III facility will not be available to transactions undertaken by the Gilt Account Holders.
In a major exercise to boost its profitability, the Department of Posts (DoP) plans to introduce core banking solution besides setting up India Post ATMs and debit cards for its customers. We have set target of bringing in core banking solution by 2012. It will ensure smooth online transactions. We are giving some e-payment services, but they are fragmented, a top offical from Department of Post said.
