It is accordingly advised that amount raised by issue of infrastructure bonds by Infrastructure Finance Companies, as specified in the notification issued from time to time by the Central Government under Section 80CCF of the Income Tax Act, 1961, shall not be treated as ‘public deposit’ within the meaning of paragraph 2(1) (xii) of the Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 1998.
A service tax demand on the Employees’ State Insurance Corporation may bring the labour ministry and the finance ministry on collision course, less than a year after they locked horns over a similar demand on provident fund payments. The revenue depa
UT vigilance department recently put 28 establishments under scanner to detect evasion of sales and value-added tax. This was accompanied by attempts at catching income tax evaders among multinational companies. The establishments being looked at in
In another investigation into Commonwealth Games-related expenditure, Income Tax department has surveyed the premises of SIS Live and Zoom Communications which executed the Rs 250 crore contract for broadcasting rights of the Games. Rs 150 crore has
An entrepreneur wanting a trademark now will be able to search the registry online without any cost whether a particular symbol or design is available and not booked already. The facility, to be extended by the Controller General of Patents, Designs
L&T Finance Holdings today said it is awaiting the nod of the market regulator Securities and Exchange Board of India for its initial public offering to raise Rs 1,500 crore.
Facing the threat of confiscation of its Rs 183 crore bank guarantee for alleged irregularities in the construction of Commonwealth Games Village, the builder Emaar MGF today dismissed all charges against it saying all quality standards were met.
A handicraft, jewellery and carpet export firm here today surrendered an undisclosed income of Rs 7.35 crore for taxation following survey by the Income Tax department, IT sources said.
Three Months Residential Programme on Professional Skills and Development has been initiated by Board of Studies, ICAI for the benefit of Chartered Accountancy Students and newly qualified Chartered Accountants. All the students who have passed PCC/I
The application form for admission to Common Proficiency Test – December 2010 (Paper-Pencil Mode) is available in all the Regional and all Branch Offices of the Institute.
