Infrastructure Development Finance Company (IDFC) today demanded that the Government raise the income tax-saving cap of Rs 20,000 for more retail participation in infrastructure funding. At present, subscription to long-term infrastructure bonds by an individual or Hindu Undivided Family (HUF) not exceeding Rs 20,000 in a fiscal year is entitled for deduction in computation of taxable income.
You are therefore requested to collect and forward the necessary particulars regarding options for transfer/pasting from each of these officers for use by the Board. Three options for CCA region should be indicated in the order of preference. The options should be filled online through Cadre management Systern(CMS) being operational through our website www.irsofficersonline.gov.in
ESI Corporation has introduced payment of contribution through system generated challans from December, 2010. In respect of the current contribution period ending September, 2011, most of the employers have paid ESI contribution through system generated challans. Such employers who have paid ESI contribution through system generated challans for all the six months need not submit return of contribution in hard copy. They can submit the return of contribution online through the ESIC portal (www.esic.in) by following the procedure given below on or before 11/11/2011
The Government proposes to set up National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT) which will replace Company Law Board, Board for Industrial and Financial Reconstruction and Appellate Authority for Industrial and Financial Reconstruction.
Finance Minister Pranab Mukherjee on Wednesday attributed the stock market crash to withdrawal of funds by foreign investors and depreciation of the rupee. Mr. Mukherjee told reporters in Delhi that, Markets have crashed because of continuous withdrawal of funds by Foreign Institutional Investors.
PR No. 145/2011 SEBI Board meeting The Board met today in Mumbai and took the following decisions: 1. Business Responsibility Reports In order to assess fulfillment of the environmental, social and governance responsibilities of listed entities, it has been decided to mandate listed entities to submit Business Responsibility Reports, as a part of their Annual […]
The Insurance Regulatory and Development Authority has introduced a mobile application that enables one to compare insurance products and premium rates. The application currently lets users of mobile phones/devices with internet connectivity check and compare features of Unit Linked Insurance Policies (ULIPs) introduced on or after 1st September, 2010.
The following is the Exposure Draft of the limited revisions to Accounting Standard (AS) 10, Accounting for Fixed Assets, which are proposed primarily to (i) improve accounting for fixed assets during their construction period; (ii) incorporate changes consequential to the requirements contained in Accounting Standard 29, Provisions, Contingent Liabilities and Contingent Assets,
As per National Association of Software and Services Companies (NASSCOM), there was a marked slowdown in recruitment in Financial Year (FY) 2009-10 specifically and also towards end of FY 2008-09 due to recession in developed economies. The data relating to employment level (directly employed by the IT/ITES industry) in this industry and the incremental job addition for the last three years in as under:
India’s Growth and Fundamentals are Strong and Look More Attractive in a World Confronting Problems; RBI is Closely Monitoring the Rupee Situation and will Do the Needful as Required, Says FM.
