Extend the time limit for furnishing of reconciliation return in Form DVAT 51, up to 31st December, 2010 for Ist, quarter of the year 2010-11 GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI DEPARTMENT OF TRADE AND TAXES VYAPAR BHAWAN, I.P. ESTATE, NEW DELHI-110 002 TEL NO. : 011 23319691, 011 23318568, FAX NO. : 011 […]
The Common Proficiency Test (CPT) is an entry level test meant for 10+2 students to the Chartered Accountancy Profession having multiple choice objective questions. The level of knowledge expected is basic knowledge with the objective to develop conc
An Excise Officer issuing summons to appear with records could not be “deprivation” of liberty of an individual, the Madurai Bench of the Madras High Court has ruled. Hearing writ petitions from partners of a Virudhunagar-based company, V.V. Vanniape
The Securities and Exchange Board of India will, in November, hear afresh the case relating to the role of audit firm Price Waterhouse in the multi-crore Satyam fraud. The capital market regulator (which has been investigating the case for more than
Market regulator SEBI on Tuesday indicated that it could tighten the disclosure norms for transactions between related companies. “There is a scope for improvement…,” SEBI Chief C.B. Bhave said when asked if the measures taken by SEBI so far with r
It is known that resolving the disputes between or among the shareholders in a closely held company is very difficult in the absence of any settlement between or among the parties. Now a day, based on the practice of entertaining petitions under section 397/398 of the Companies Act, 1956 without looking into sheer technicalities, a shareholder/s who is qualified to approach Company Law Board under section 399 of the Companies Act, 1956 and who has a grievance with the other shareholders prefers to file a Petition under section 397/398 of the Companies Act, 1956. It is known that as adjudicating a company dispute requires specialization and also a traditional Civil Court may not speedily dispose a Company dispute and may not go beyond the brief. In view of the difficulties in approaching the traditional Civil Court though a Civil Court can be approached at times in respect of the grievances in the Company, many prefer to approach the Company Law Board.
Amendment to the format of disclosure under clause 35:-Currently custodians are classified as a separate category other than promoters and non – promoters. Henceforth, shares held by custodians shall be disclosed as a part of the promoter/ promoter g
Section 80IA(4)(i) of the Income-tax Act, 1961 (the Act) provides for a tax holiday to an undertaking engaged in developing, or operating and maintaining, or developing, operating and maintaining any infrastructure facility subject to satisfaction of certain conditions mentioned in the Section.
Under Section 80CCF, any individual or Hindu undivided family can invest up to Rs 20,000 in infrastructure bonds and avail of tax benefits. This will be over the Rs 1-lakh deduction allowed under Section 80C. So, an investor in the tax bracket of 30
THE Delhi high court has ruled that the tax authorities cannot initiate assessment proceedings simply on belief of escapement of tax, or belief that some income has escaped tax, effectively curbing powers of the revenue department to open past cases.
