Confronted with rising number of cases where financial data is encrypted electronically, the Income Tax department is hunting for high-end digital data extraction and investigation tools which can glean through erased information and recover internet
Those writing cheques without adequate funds in their account risk having their account blocked a measure that will further tighten the regime around bounced cheques. India’s largest lender, the State Bank of India, has decided to close the accounts
Customs, Central Excise and Service Tax revenue collections rose to Rs. 150686/- Crore during April-September 2010. Thus there is an increase of 44.4 percent in revenue collections at all India level during April-September 2010 as compared to corresp
The Bar Council of India (BCI) has made All India Bar Examination (AIBE) mandatory for all law graduates who have passed in the academic year 2009-10 to practice law in India. The BCI will conduct the AIBE in nine languages across 27 cities in India
In the wake of the growing number of banks being looted in the state, home minister RR Patil said, on Thursday, that banks needed to be more vigilant and should conduct the mandatory security audits as per the rules laid down by the Reserve Bank of I
The finance ministry is not in favour of corporates acquiring dedicated rural lenders, regional rural banks, a suggestion mooted by the Reserve Bank of India in a recent discussion paper on new bank licences.
Though the persistent belligerence of Congress MP Jagan Mohan Reddy has often embarrassed the Congress high command since his father and former Andhra Pradesh chief minister Y S R Reddy’s death last year, not much is known about his personal wealth.
Energy explorers will get tax incentives based on their investments in the ninth round of auctions for oil and gas exploration blocks, replacing the existing regime of seven-year tax holiday on profits. The tax benefits will extend to gas exploratio
The high court of Bombay at Goa has recently held that the deduction claimed by a company for expenditure incurred towards machinery hired cannot be rejected by the tax authorities on the ground that that the machinery was lying idle.
India will create by March a committee of experts from outside the government that will suggest changes in financial laws to bring them in line with current needs. The committee, which will be called Financial Sector Legislative Reforms Commission (F
