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Minutes of Meeting of Committee on Investor Education & Protection Fund

January 20, 2011 360 Views 0 comment Print

We advise that in a meeting of ‘Committee on Investors Education and Protection Fund’ held by the Government of India, Ministry of Corporate Affairs, New Delhi, it has, inter-alia, been decided that banks should make ‘investor awareness’ as one of the agenda items in their periodical meetings with their customers at semi urban/rural branches so that more people are covered under the programme.

Regarding Service Tax exemption for Janata Personal Accident Policy

January 20, 2011 2007 Views 0 comment Print

Circular No. 133 /2/2011 – ST A clarification has been sought as to the scope and meaning of the description namely ‘Janata Personal Accident Policy (JPAP)’ appearing in the Notification No. 3/1994-ST dated 30.06.1994.

Salaried taxpayers with no other income may get exemption from IT return Filing

January 20, 2011 435 Views 0 comment Print

Salaried taxpayers with no other income could get a respite from filing tax returns. The income-tax (I-T) department is open to examining a proposal to exempt them from the annual chore. Asked whether the department would think about doing away with

New President and Vice-President of ICSI for 2011

January 20, 2011 594 Views 0 comment Print

New President and Vice-President of ICSI for 2011 CS Mr Anil Murarka FCS-3150 CS Mr Nesar Ahmad FCS-3360

Govt tells SC it can probe only 18 accounts out of Information received from LGT bank of 26 Accounts

January 20, 2011 471 Views 0 comment Print

Germany gave information about 26 accounts held by Indians in LGT Bank, but tax evasion proceedings could be initiated against only 18 resident citizens, the Centre informed the SC on Wednesday. The Centre handed a sealed report containing the name

360 cr found in raids on IAS couple

January 20, 2011 955 Views 0 comment Print

Owns 25 Flats, Over 10Kg Gold, 400 Acres Of Land Besides Other Investments In ‘bimaru’ Madhya Pradesh, bank lockers of bureaucrats and government officials are bursting with cash and gold. An IAS couple here owns 25 flats and 400 acres of land besi

Citibank fraud -Income Tax department summons duped HNIs

January 20, 2011 609 Views 0 comment Print

The Income Tax department has summoned some high-networth individuals (HNIs), who were allegedly duped in Rs 400 crore fraud at Citibank, to obtain details of their investments and tax payments. Sources familiar with the development said the departme

Govt may soon announce Voluntary Disclosure of Income Scheme (VDIS)

January 20, 2011 810 Views 0 comment Print

To crack down on black money, the revenue department is contemplating a scheme to unearth such funds. The options under consideration include a tax amnesty scheme to get back ill-gotten wealth parked overseas.While I-T officials said that a scheme to

TDS Credit Right of Payee- The Refund Made To the Tax Deductor, Even If Wrongful, Has No Adverse Impact on the Rights of the Assessee

January 20, 2011 1000 Views 0 comment Print

Learned CIT(A) erred in not directing the AO to unconditionally grant full tax credit to the appellant f or the taxes deducted at source by Reliance Infocomm Limited of Rs 24,41,58,046 and, consequently, grant refund of the said amount as the entire addition made by the AO was deleted by the CIT(A). – learned CIT(A) erred in not directing the AO to unconditionally grant credit, and, consequently, refund for a sum of Rs. 21,26,74,006, being the TDS deducted by the payer, in respect of which the original TDS certificates were submitted by your appellant with the AO during the course of assessment proceedings.

MVAT Notification for Mandatory e-payment for Six Monthly returns w.e.f. 31.03.2011

January 20, 2011 628 Views 0 comment Print

NOTIFICATION FINANCE DEPARTMENT Mantralaya, Mumbai 400 032 dated the 20th December, 2010 (M.G.G. Extraordinary No. 175, Part IV-B, at Page No, 2, dated the 20th December, 2010) Maharashtra Value Added Tax Rules, 2005 No. VAT.1510/CR.165/Taxation-l- In pursuance of the powers conferred by clause (a) of rule 45A of the Maharashtra Value Added Tax Rules ,2005 […]

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