Notification No. 59/2010-Income Tax In exercise of the powers conferred by clause (v) of the Explanation to section 48 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), Central Board of Direct Taxes number S.O. 2292(E), dated the 9th September, 2009, namely:-
Opining that the amendment of Section 43A of the Act by the Finance Act, 2002 with effect from 1st April, 2003 is amendatory and not clarificatory and would thus, apply prospectively, the Court explained that under the unamended Section 43A, adjustment to the actual cost takes place on the happening of change in the rate of exchange, whereas under the amended Section 43A,
The Takeover Regulations Advisory Committee constituted under the Chairmanship of Shri. C. Achuthan submitted its report to SEBI Chairman Shri. C. B. Bhave today. Considering the substantive changes recommended upon review of the existing law governing substantial acquisition of shares and takeovers, the Committee has comprehensively re-written the regulations. The draft Regulations form an integral part of the report.
# The fee for verification of answer books is Rs. 100/- per paper subject to a maximum of Rs. 400/- for all the papers of a group/ both groups.The application essentially in the candidate’s own handwriting indicating Roll No., address, and paper(s) to be verified should be submitted within a month from the date of declaration of result.
The Andhra Pradesh High Court on Tuesday granted bail to former Satyam managing director Rama Raju, former chief financial officer Vadlamani Srinivas and three others accused in the multi-crore rupee accounting scam. Justice Raja Elango of the AP high court granted bails to Rama Raju, brother of Satyam founder Ramalinga Raju, Srinivas and three others former Satyam employees G Ramakrishna, Venkatapathi Raju and Ch Srisailam.
Congress leader Kripashankar Singh, who is currently under various investigating agencies’ scanner for allegedly amassing huge wealth, has been asked by the income-tax department to explain his income source for properties acquired in the city and elsewhere. The I-T department will also estimate the properties’ value.
NC Notification No.58/2012-Income Tax WHEREAS by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 1794(E), dated 23rd October, 2007, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 6, recurring expenses for Community Health Centre by Smt. Sharda Jhatakia Memorial Trust, 17-Station Plot, Old Cement Road, GONDAL – 360 311 (Gujarat), as an eligible project or scheme for a period of
Notification No. 58/2010-Income Tax Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 1794(E), dated 23rd October, 2007, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 6, recurring expenses for Community Health Centre by Smt Sharda Jhatakia Memorial Trust,
The International Financial Reporting Standards (IFRS), which several large companies in India will need to follow from April 1, will be flexible enough to suit Indian companies, the Union Minister for Corporate Affairs, Mr Salman Khurshid, has said.
A credit rating estimates the credit worthiness of an individual, corporation, or even a country. It is an evaluation made by credit bureaus of a borrower’s overall credit history. A credit rating is also known as an evaluation of a potential borrower’s ability to repay debt, prepared by a credit bureau at the request of the lender. Credit ratings are calculated from financial history and current assets & liabilities. A credit rating tells a lender or investor the probability of the subject being able to pay back a loan.
