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Archive: June, 2012

Posts in June, 2012

Article on inserting of explanation 6 in sec 9 (1) (vi) proposed in Finance bill 2012

June 1, 2012 3997 Views 0 comment Print

Explanation 6.—For the removal of doubts, it is hereby clarified that the expression ‘process’ includes and shall be deemed to have always included transmission by satellite (including up-linking, amplification, conversion for down-linking of any signal), cable, optic fibre or by any other similar technology, whether or not such process is secret;’.

Induction of upgraded LLP e-Governance in MCA21 and non-availability of LLP services for 10 days from 1st June, 2012

June 1, 2012 555 Views 0 comment Print

In Our Continued Endeavor To Enhance The Services To Stakeholders, MCA Announces Launch Of Upgraded LLP Registry From 11th June 2012. Stakeholders- Will Now Have Facility Of Online Payment From All Banks Through NEFT Or Use Internet Banking From Six Designated Banks Of MCA21, In Addition To Credit Card Payment.

CBI Arrests DGM of SEBI & Middleman in Bribery Case

June 1, 2012 831 Views 0 comment Print

It was alleged in the complaint that the complainant, a proprietor of a firm based in Ahmedabad & engaged in share trading, was barred from trading by Securities Exchange Board of India(SEBI) in September, 2011 for market manipulation using Global Depository Receipts (GDR) issues. Subsequently, investigation was initiated by the SEBI against the firm.

Engagement of Standing Counsels to Represent Income Tax Department before Madras HC & Other Judicial Forums

June 1, 2012 894 Views 0 comment Print

Vide this Office advertisement dated 05/05/2012; applications were invited from Advocates for empanelment as Senior and Junior Standing Counsels to represent the Income Tax Department before the Hon’ble Madras High Court and other judicial forums. The last date for submission of the application was given in the advertisement as 18/05/2012. Now, the last date for submission of application is extended up to 15th June 2012. The eligibility criteria, procedure for application and selection and the fees payable are prescribed vide the CBDT’s Instruction No.3/2012 dated 11/04/2012.

Inauguration Of Pratyaksh Kar Bhawan, Civic Centre Delhi

June 1, 2012 2529 Views 0 comment Print

The Income Tax Office, Civic Centre, Delhi known as Pratyaksh Kar Bhawan is inaugurated by Hon’ble Union Finance Minister Sh. Pranab Mukherjee on 30th of May 2012 at 11:15 AM. The occasion is also graced by Sh. Namo Narain Meena, Minister of state (Expenditure, Banking & Insurance), Ms Meera Aggarwal, Mayor, North Delhi Municipal Corporation, Sh. R.S. Gujral, Finance & Revenue secretary and other dignitaries.

ICAI President’s Message – June 2012

June 1, 2012 982 Views 0 comment Print

Economists across the globe have extended countless explanations for the recurring trend of economic meltdown, now a part of business cycle. Uneven sharing of profit, i.e. less return of profit money to lower and middle level workers, has also been cited as one of the reasons. Generally it is seen that industries give back less money and, thereby, share very less profit with their workers in terms of their remunerations than the goods manufactured by them, i.e. price at which goods are sold at. Industries share this profit mainly with the top rung of their workers, i.e. management or policy-/strategy-makers, apart from putting it for fundamental investments.

Govt. Proposes to abolish roaming charges & allow users to retain same number across the country

June 1, 2012 1079 Views 0 comment Print

National Telecom Policy-2012 and Unified Licensing Regime The thrust areas of NTP – 2012 are; • Increase rural teledensity from the current level of around 39 to 70 by the year 2017 and 100 by the year 2020 • Repositioning of Mobile phone- as an instrument of empowerment • Broadband –’Broadband For All at a minimum download speed of 2 Mbps

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