Income Tax Rates (For Individuals, HUFs, Association of Persons, Body of Individuals) ASSESSMENT YEAR 2008-2009 RELEVANT TO FINANCIAL YEAR 2007-2008 I TAX RATES FOR INDIVIDUALS OTHER THAN II & III Upto 1,10,000 – Nil 1,10,000 to 1,50,000 – 10% of the amount exceeding 1,10,000 1,50,000 to 2,50,000 – Rs.4,000 + 20% of the amount exceeding […]
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The Prime Minister, Dr Manmohan Singh, has written to Shri Anna Hazare, informing him of the resolution adopted by both Houses of Parliament today. For the full text of the letter, click here.
National Task Force on CARR and CAR constituted by the Council, in its 1st Meeting held on 25th August 2011, has established a “Technical Cell” at ICWAI, to go into all the queries and seek clarifications from the Cost Audit Branch (CAB), Ministry of Corporate Affairs and provide the same on receipt of official clarification from CAB by way of updated FAQs through the Institute website.
In a reprieve to brokers having erred genuinely in their share sale or purchases, capital market regulator Sebi and the stock exchanges have decided not to penalise them if the trades executed in wrong names are declared as annulled. To escape penalisation, brokers would have to transfer the trades executed in the wrong client name or code to an ‘Error Account’, and not to some other client, and then liquidate the same.
Heeding to Anna Hazare’s demands, Parliament today adopted a ‘Sense of the House’ on three key issues raised by him with regard to the Lokpal Bill with an aim of persuading him to end his 12-day hunger strike. The ‘Sense of the House’ was adopted with thumping of desks without any voting after an extraordinary debate in both the Lok Sabha and the Rajya Sabha on the statement made by Finance Minister Pranab Mukherjee on issues related to the Lokpal Bill.
Jammu and Kashmir Governor N N Vohra has promulgated an Ordinance introducing amendments to the VAT Act, 2005, making cross Line of Control (LoC) trade tax-free for goods manufactured in the state. The Ordinance was promulgated by the Governor yesterday on the recommendations of Chief Minister Omar Abdullah as the Assembly is not in session.
As per the figures released by the Marine Products Export Development Authority during 2010-11 for the first time marine products export earnings have crossed 2.8 billion US dollars. Exports aggregated to 8,13,091 tonnes valued at Rs. 12,901.47 crore and US dollar 2,856.92 million. Compared to the previous year, seafood exports recorded a growth of 19.85% in quantity, 28.39% in rupee and 33.95% growth in US$ earnings respectively. The increased production of Vannamei shrimp, increased productivity of Black tiger shrimp and better price realization of major items like Cuttlefish, Shrimp and Squid helped us to gain such a higher export turnover.
On 5th April 2011, Shri Anna Hazare went on an indefinite fast. Correspondence with the representatives of Sh Anna Hazare and the Govt. representatives took place. On 8th April 2011, Government constituted a Joint Drafting Committee (JDC) consisting of five nominees of Shri Anna Hazare including himself and five nominee Ministers of Government to prepare a draft of the Lokpal Bill. Shri Hazare ended his fast on 9th April 2011.
HOUSTON — The Texas Supreme Court ruled Friday that the state’s pole tax — a $5-per-customer fee that strip clubs that serve alcohol are required to pay the state — did not violate the clubs’ free-speech rights, overturning a lower court decision that declared the fee unconstitutional. In 2007, state legislators passed the Sexually Oriented Business Fee Act, which imposed the fee on nearly 200 establishments that feature live nude performances and allow the consumption of alcohol. The $5-per-customer entrance fee, which is imposed on the business and not the patron, is intended to raise money for sexual assault prevention programs and health insurance coverage for low-income people.
