In accordance with the decision taken by institute recently, it is brought to the notice of the students that effective from June, 2011 Session, the system of dispatch of Admit Cards in physical form will be discontinued. The Institute will arrange to upload the E-Admit Cards on the website of the Institute which can be downloaded by the students.
Acting on a specific intelligence, the officers of DRI, Kolkata & Berhampore had effected a seizure of Fake Indian Currency Notes (FICN) having total face value of Rs.3.00.000/- on 08.05.2011 at 06.00 hrs. from one person namely Jahangir Alam at Farakka railway station, Farakka, Dist-Murshidabad when he was about to board Malda town Farakka – New Delhi express train. The said FICN were recovered from one bag carrying by him. Altogether 500 pcs. of FICN comprising 400 pcs. of 500 denomination notes and 100 pcs. of 1000 denomination notes were recovered. The said FICN were seized under section 110 of the Customs Act, 1962 on reason to believe that the same had been smuggled into India from Bangladesh. The person (Indian national) involved in smuggling of the said FICN was arrested and produced before the Chief Judicial Magistrate, Berhampore on 08.05.2011. Further investigation is in progress.
The Delhi High Court today reserved its order on bail pleas of five corporate executives who were arrested for their roles in 2G spectrum allocation scam allegedly involving former Telecom Minister A Raja and Tamil Nadu Chief Minister M Karunanidhi’s MP daughter Kanimozhi. Justice Ajit Bharihoke reserved his order on the pleas after CBI’s Special Public Prosecutor U U Lalit, along with counsel for various corporate honchos, concluded their arguments.
In the wake of a spurt in allegations of questionable activities by India Inc, capital market regulator Sebi, today gave a stern warning to corporates to be on the right side and not indulge in market manipulation and insider trading.
The Supreme Court today directed a Sahara group firm to submit the proforma of its investment scheme, along with the list of accredited agents dealing in it, so as to ascertain the investors from whom the funds have been raised. The Supreme Court was hearing Sahara Group’s petition against the orders of the Allahabad High Court, which directed the company to share with market regulator Sebi the details of investors participating in the scheme.
Billionaire industrialist Mukesh Ambani has decided to forego Rs.23.75 crore for the last fiscal from his annual compensation as chief of Reliance Industries while keeping his salary capped at Rs.15 crore for the third year in a row. At the same time, the company’s total remuneration for top management personnel, as also commission paid to non-executive directors, declined during 2010-11. In its annual report for the fiscal, the company said that
Council of the Institute of Chartered Accountants of India is pleased to notify that the Information Systems Audit (ISA) Course Assessment Test will be held on 18th June 2011 (Saturday) from 10.30 AM to 2.30 PM
Download Appeal Forms under Customs Act, Central Excise Act, Finance Act (Service Tax) and under Customs Tariff Act 1975 (Anti Dumping Duty). Form No. S.T.-5, Form No. S.T.-6, Form No. S.T.-7, Form No. E.A.-3, Form No. E.A.-4, Form No. E.A.-5, Form No. C.A.-3, Form No. C.A.-4, Form No. C.A.-5
As many as 85 lakh tax payers will benefit from the government’s decision to exempt persons earning less than Rs 5 lakh a year from filing I-T returns, a finance ministry official said. The decision, which will come into effect from June 1, 2011, will reduce the compliance burden about 85 lakh small taxpayers, he said.
Desperate to curb the flow of blackmoney into the country’s economy, the Income Tax department has now begun to track all fliers and visitors who travel to tax havens like Switzerland, Virgin Islands and Bahamas for personal or business purposes secretly. The department has focussed its intelligence and investigation scanner on all such travellers who have visited tax haven nations last year and have not disclosed the expenditure and instances of such tours in their Income Tax returns.
