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Housing Price may decline in Mumbai and May go up slightly in Delhi – CRISIL

January 15, 2011 417 Views 0 comment Print

CRISIL Research expects divergent price trends during the year in Mumbai and NCR (National Capital Region), the two largest residential real estate markets in India. In 2011, prices of houses are likely to decline in Mumbai, whereas prices will rise

Punjab National Bank e-payment facility

January 15, 2011 2713 Views 0 comment Print

(TO BE PUBLISHED IN PART IV OF THE DELHI GAZETTE EXTRAORDINARY) GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI OFFICE OF THE COMMISSIONER OF VALUE ADDED TAX DEPARTMENT OF TRADE AND TAXES VYAPAR BHAWAN,  I.P. ESTATE, NEW DELHI-110 002 No.F.7(7)/Policy-III/VAT/2005-06/ 1878-89 Dated:  06-01-2011 NOTIFICATION No.F.7(7)/Policy-III/VAT/2005-06/ : In exercise of the powers conferred under sub-rule (5) of […]

No section 14A disallowance for personal tax-free investments if business expenditure not disallowed on ground of being for personal purposes

January 15, 2011 1010 Views 0 comment Print

The assessee is maintaining separate books of account for the purpose of business. The tax-free investments are in his personal capacity. As the AO has not disallowed any expenditure of personal nature out of the business income, the expenditure claimed in the business of share dealings cannot be correlated to the incomes earned in personal capacity that too on dividend, PPF interest and tax free interest on RBI bonds. Accordingly, the estimation of expenditure of Rs. 20,000 out of business expenditure as being incurred for earning tax free income is not acceptable.

SC to proceed against Prashant Bhushan in contempt case

January 15, 2011 469 Views 0 comment Print

With advocate Prashant Bhushan — facing contempt of court charges for his interview alleging corruption in judiciary — making it clear that he would not tender an apology, the Supreme Court on Thursday decided to proceed with the case on merits.

Dispute Resolution Panel (DRP) Constitution w.e.f 12.01.2011

January 15, 2011 393 Views 0 comment Print

Vide Order No. 1/FT & TR 2011 dated 12.01.2011, the Central Board of Direct Taxes has constituted 12 (Twelve) Dispute Resolution Panels (DRP) to sit at various locations across the Country.

SEBI directs Reliance Infra to not to appoint Price Waterhouse for 3 yrs

January 15, 2011 390 Views 0 comment Print

Sebi directed Reliance Infrastructure not to appoint Price Waterhouse as its statutory auditor for three years. Sebi passed the order in response to a consent application filed by the company, after Sebi initiated investigations into R-Infra’s use of

Cause of Action to Appeal to DRT continues at various stages under SARFAESI Act, 2002?

January 15, 2011 2985 Views 0 comment Print

It is felt that enormous powers are conferred on Banks or Public Financial Institutions under SARFAESI Act, 2002 from the stage of determination of outstanding due, entertaining objections, taking possession of the property and selling the property through private treaty at times and in public auctions very often. The borrower too has got a right to question the illegality if any on the part of the Bank in proceeding against the ‘secured asset’ under the Act.

Examination dates for CA final, PCC, IPCC, IRM announced

January 15, 2011 709 Views 0 comment Print

Similarly Post Qualification Course Insurance and Risk Management (IRM) examination will also be held on the dates given below at the following centres (centre’s in India only) in terms of provisions as contained in Schedule ‘G’ of the Chartered Accountant s Regulations, 1988, provided that sufficient number of candidates offers themselves to appear from each centre.

ICAI announces PCE/IPCE/CA Final May 2011- Exam dates, Form Filing Dates Centre and other details

January 15, 2011 2377 Views 0 comment Print

Announcement May – 2011 CA Examinations The next Professional Competence Examination (PCE), Integrated Professional Competence Examination (IPCE) and Final Examinations of the Institute wil l be held from 2nd May-2011 to 16th May-2011 at the follow

Result of the Assessment Test held on Sunday 28th November, 2010 for the Certificate Course on International Taxation organised by the Committee on International Taxation of ICAI in Hyderabad, New Delhi, Mumbai, Chennai, Kolkata-(14-01-2011)

January 15, 2011 363 Views 0 comment Print

Result of the Assessment Test held on Sunday 28th November, 2010 for the Certificate Course on International Taxation organised by the Committee on International Taxation of ICAI in Hyderabad, New Delhi, Mumbai, Chennai, Kolkata-(14-01-2011). Assesment Test Result Hyderabad (Batch 4)

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