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CA Vijay Vaishnav and bouncers held after clash with lawyers in court

November 28, 2011 3014 Views 0 comment Print

November, 26th 2011 The Gurgaon police have arrested a Mumbai-based Chartered Accountant (CA) and three bouncers for allegedly assaulting an advocate inside the court premises on Friday. Vijay Vaishnav had come to the court with the bouncers to attend a hearing, police said. A resident of Lokhandwala, he married a woman from Kendriya Vihar in […]

Steps taken by the Employees’ Provident Fund Organisation to recover the outstanding amount

November 28, 2011 1505 Views 0 comment Print

The following steps have been taken by the Employees’ Provident Fund Organisation to recover the outstanding amount: 1. Attachment and sale of movable and immovable properties of the defaulting establishments. 2. Appointment of receiver to run the business of the defaulting establishments. 3. Arrest and detention of defaulter. 4. Prosecution of defaulters before courts of law.

MCA released XBRL Validation Tool Version 1.1.1 with enhancements

November 28, 2011 4661 Views 0 comment Print

The following enhancements have been released. These enhancements do not impact the instance documents which have already been filed on the MCA21 portal. This version of the tool needs to be downloaded by only those stakeholders who are facing the below mentioned issues. In case the instance document has been successfully validated and pre-scrutinised from the existing version of the tool (Ver 1.1), the same shall be allowed to be filed on the MCA portal.

Registration of Marriage

November 28, 2011 3369 Views 0 comment Print

The States of Andhra Pradesh, Arunachal Pradesh, Bihar, Chhattisgarh, Goa, Gujarat, Haryana, Himachal Pradesh, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Meghalaya, Mizoram, Orissa, Rajasthan, Sikkim, Tamil Nadu and Tripura have already taken necessary legislative measures providing for compulsory registration of marriages. Other States except the State of Nagaland are in the process of achieving this end.

RBI – Payment System Issues and Challenges

November 28, 2011 2447 Views 0 comment Print

Why so much ado about an ‘efficient payment system’? Are Indian payment systems efficient? The importance of payment and settlement systems could be gauged from the IMF publication ‘Central Banking Lessons from the Crisis’ (May 27, 2010) which states that: ‘The crisis would have been much more severe had central banks not taken efforts to introduce robust payment and settlement systems, including for foreign exchange, over the two decades ahead of the crisis. The systemic impact of failure of a financial institution depends critically on the robustness of the infrastructure underpinning those markets in which it is active. Central banks, which in many cases are engaged in oversight of these systems, should play an important role in this regard, in cooperation with securities regulators and supervisors of individual institutions’

Seizure of foreign marked gold biscuits valued at Rs. 69 Lakh by DRI, Bangalore

November 28, 2011 1087 Views 0 comment Print

DRI, Bangalore Seizes 24 Nos. Of Foreign Marked Gold Biscuits (Weighing 2.4 Kgs), Valued At Rs. 69 Lakh, From Two Passengers Arriving At Bengaluru International Airport From Colombo On 25/26.11.2011. The Biscuits Were Concealed In Their Rectum.

Quarterly Report on Public Debt Management for the Quarter July -September 2011 Released

November 28, 2011 756 Views 0 comment Print

The Central Government today released the sixth report pertaining to the quarter July-September 2011on Public Debt Management. Since September 2010, Department of Economic Affairs, Ministry of Finance is bringing out a quarterly report on debt management.

Finance Minister Pranab Mukherjee’s opening remarks in Kathmandau today after signing the DTAA

November 27, 2011 1415 Views 0 comment Print

As you know, I am here primarily to sign the Double Taxation Avoidance Agreement (DTAA) as was agreed during the visit of Prime Minister of Nepal to India on October 20-23, 2011. I am happy that we have revised the Double Taxation Avoidance Agreement today. The revised DTAA will provide tax stability to the residents of India and Nepal and facilitate mutual economic cooperation as well as stimulate the flow of investment, technology and services between India and Nepal. In the revised DTAA the threshold withholding tax rates on dividends, interest, etc., are rationalised to reflect the present day situation and developments in the area of international taxation.

CBI arrests Thane Service Tax Supdt. accepting bribe

November 27, 2011 2918 Views 0 comment Print

Central Bureau of Investigation ( CBI) arrested Superintendent of Service Tax Department, Thane, Anil Singh for allegedly accepting a bribe from a private firm. The CBI laid a trap at his office chamber in Thane and arrested Singh red handed while accepting a bribe of Rs. 20000 for not imposing service tax penalty of Rs. 2 lakh on the firm. Singh was arrested on Thursday and remanded in CBIs custody till December 8.

Automated Form-16A for F.Y. 2011-2012 / A.Y. 2012-2013

November 27, 2011 13237 Views 0 comment Print

Download Automated Form-16A for the Financial Year 2011-2012 and Assessment Year 2012-2013 in excel format.

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