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Fraud, fictitious offers rises in last 2 years: RBI

September 8, 2010 387 Views 0 comment Print

Reserve Bank of India on Friday said fraudulent and ficticious offers though e-mails, mobile phones and SMSs had increased significantly in the last two years despite public awarness by RBI.

Department of Information Technology (DIT) plans to e-Develop six core areas by 2015

September 8, 2010 501 Views 0 comment Print

These include e-Governance, e-Industry, e-Innovation, e-Learning, e-Security and e-Inclusion. The Department of Information Technology (DIT) has decided to ‘e-Develop’ six core areas — e-Governance, e-Industry, e-Innovation, e-Learning, e-Security an

NSE gearing-up to launch mobile trading

September 8, 2010 318 Views 0 comment Print

With a view to reach out to more customers, the National Stock Exchange (NSE) is gearing-up to launch mobile trading through nearly 800 registered brokers in early-October, an NSE official said.

ICAI invites Suggestions on the Direct Taxes Code Bill, 2010

September 8, 2010 483 Views 0 comment Print

As you are kindly aware that the Direct Taxes Code Bill, 2010 has been introduced in the Parliament on 30thAugust, 2010. The Direct Taxes Committee of ICAI requests you to kindly send your valuable suggestions on the same.

Companies in which at least 50 per cent non-promoter holding not in demat form will be included in the TFT segment

September 8, 2010 498 Views 0 comment Print

Securities and Exchange Board of India (Sebi) has said that shares of companies in which at least 50 per cent non-promoter holding is not in the demat form will be included in the trade-for-trade (TFT) segment. It said the norm would be implemented f

Easy exit scheme receives overwhelming response

September 8, 2010 711 Views 0 comment Print

The ‘easy exit scheme’ proposed by the Ministry Of Company Affairs (MCA) has received an overwhelming response from promoters who want to wind up their loss-making ventures without too many regulatory hurdles. According to MCA scrolls, 15,000 companies have hit the road to easy liquidation – about 1,815 of them being finance and investment firms.

Direct tax code provides some certainty on tax treatment of a financial lease

September 8, 2010 702 Views 0 comment Print

Direct Taxes Code (DTC) proposes to do the necessary for bringing some certainty on tax treatment of a financial lease, but this is not sufficient to make it a preferred mode of finance, say industry and tax experts. The levy of multiple taxes on a f

DTC: Changes related to taxability of house property income

September 8, 2010 1087 Views 0 comment Print

Direct Taxes Code (DTC), 2010, proposed significant changes in the way house property income would be subject to tax, it becomes imperative for investors to take note of the changes and plan their investment decisions accordingly.

RBI suspends Vadodara based Asia’s oldest cooperative bank’s license

September 8, 2010 1092 Views 0 comment Print

Reserve Bank of India has suspended the license of Asia’s oldest Cooperative bank: Anyonya Co-operative Bank Limited (ACBL) Vadodara(Gujarat) for six months after examining all options for their revival. RBI has also ordered to stop all transactions

Relief provided by DTC to Individual taxpayers

September 8, 2010 465 Views 0 comment Print

The DTC proposes to increase the limit of income exempt from tax to `2 lakh from the current `1.6 lakh for individual and to `2 lakh from `1.9 lakh for working women. This will result into a minimum saving of `4,000 per annum for individuals and `1,0

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