If one was to trace the key milestones in the evolution of service taxation in the country, reference will have to be made of import and export rules for services. Equally important and which probably should have been introduced much earlier, are the
The new Companies Bill, which is likely to be tabled in the Winter Session of Parliament, will contain provisions to rule out a recurrence of the Satyam episode which shattered the confidence of India Inc, Minister of State for Corporate Affairs Salm
Securities and Insurance Laws (Amendment and Validation) Act, 2010 (No. 26 of 2010. An Act further to amend the Reserve Bank of India Act, 1934, the Insurance Act, 1938, the Securities Contracts (Regulation) Act, 1956 and the Securities and Exchang
“Deregulation of interest rate is on our radar. A working group will soon be set up to examine the possibility of deregulating of interest rates,” RBI Deputy Governor Usha Thorat said while addressing a banking conference organised by FICCI and IBA h
Government of India have announced the sale (re-issue) of (i) “7.17 percent Government Stock 2015” for a notified amount of Rs. 4,000 crore (nominal), (ii) “8.13 percent Government Stock 2022” for a notified amount of Rs. 4,000 crore (nominal) and (i
Where the Assessing Officer has not carried out necessary enquiry which ought to have been carried out for allowing deduction to the assessee under section 40(b), the order passed by the Assessing Officer was erroneous and prejudicial to the interest of the Revenue and CIT has rightly invoked the provisions of section 263.
Where a forward contract is entered into by the assessee to sell the foreign currency at an agreed price at a future date falling beyond the last date of accounting period, the loss is incurred to the assessee on account of evaluation of the contract on the last date of the accounting period i.e. before the date of maturity of the forward contract
Once section 249(4)(a) is treated as a mandatory condition for filing an appeal before CIT (Appeals) and once that condition stood satisfied at the time of his filing an appeal to CIT (Appeals), then, there was no necessity for the assessee to once again pay the admitted tax due as a condition precedent to his filing the appeal before the Appellate Tribunal under section 253(1)(b).
Securities and Exchange Board of India Request for Informal Guidance under Securities and Exchange Board of India (Informal Guidance) Scheme, 2003 {The Scheme} in the matter of M/s. Ramkrishna Forgings Limited (Target Company) Letter No. CFD/DCR/SKM/TO/18378/2010 dated 2-9-2010 This has reference to your letter dated April 6, 2010 requesting for interpretive letter under Securities and […]
Circular No. IRDA/IT/ORD/MIS/152/09/2010, dated 3-9-2010 The Authority is in the process of developing the new Integrated Grievance Management System (IGMS) which will not only facilitate the policyholder to register/track their complaint online with insurance companies but also facilitate IRDA for monitoring the grievance redressal procedure established in the insurance industry. The system involves mirroring of […]
