The government today hoped rollout of Direct Tax Code by April 2012 but things are not on track in case of Goods and Services Tax (GST). “DTC will be rolled out in April 2012 but for GST I think the date seems ‘optimistic’ under the present circumstances,” Revenue Secretary Sunil Mitra said.
The Central Bureau of Investigation has registered two cases against two former Branch Managers, Union Bank of India, Thiruvannamalai Branch; Dealers; Agents and others in connection with alleged grave irregularities committed in the sanction of Tractor, Power Tiller and Crop Loans at Thiruvannamalai District.
Key features of File Validation Utility (FVU) version 3.1 FVU 3.1 will be applicable for quarterly TDS/TCS statements pertaining to FY 2010-11 onwards and will be mandatory w.e.f April 01, 2011. Mandatory to quote Mobile No. in quarterly TDS/TCS statements for deductor category other than Central govt. and State Govt. Re-introduction of PAN reference no. […]
Submission of e-TDS/TCS statement has been enabled in Pen Drive in addition to the existing option of CD. Deductors /Collectors are advised to check the feasibility of acceptance of statement in pen drive with TIN Facilitation centers before submission. The Pen Drive / CD may contain details of multiple e-TDS/TCS statements. The computer media (CD/Pen Drive) will be return after acceptance of statements
ICAI requires technically par excellent, professionally successful, academically brilliant, administratively capable human resources for various top, senior, middle level positions including for entry level positions in its headquarters at Delhi/Noida. The ICAI is the apex accountancy body established by the Parliament for regulating the profession of Chartered Accountants in India. During its glorious existence of more than sixty-two years, ICAI has achieved recognition as a premier accountancy body not only in south asian region but globally as well.
Income of Pune-based stud farm owner Hasan Ali Khan multiplied by over 100 times in six years from Rs 529 crore to Rs 54,268 crore in 2006-07, reveals CAG report tabled in Parliament today. Khan, who is presently in custody of the Enforcement Directorate, has not filed returns for several years despite earning crores, Comptroller and Auditor General of India (CAG) said.
Pramod Agrawal, chartered accountant accused of swindling crores of public money, has been slapped with a tax demand of over Rs 100 crore. This is probably biggest ever demand from an assessee in the region. Not just that, the income tax department could slap another Rs 100 crore penalty on Agrawal for concealment of income.
2G refers to second generation wireless telecommunication technology developed mainly for voice services and slow data services with data rates upto 9.6Kbps whereas, the 3G (3rd generation) mobile telecommunications is the generic name for the next generation of mobile networks that combines wireless mobile technology with high data rate transmission capabilities. The 3G network is […]
Finmin approves 9.5% interest on PF deposits for 2010-11 The finance ministry on Thursday approved higher interest rate of 9.5% to over 4.7 crore depositors with the Employees Provident Fund Organisation (EPFO) for 2010-11. The EPFO had been paying 8.5% interest on PF deposits since 2005-06.
Finance Minister Pranab Mukherjee today dubbed IT order on investment MoUs signed during Vibrant Gujarat Summits as “routine”, but admitted it followed complaints by Leader of the Opposition in the State Assembly, seeking to know source of funds. Making a statement in the Rajya Sabha, he said in December, Leader of the Opposition in Gujarat Vidhan Sabha (belonging to Congress) had made a complaint that source of large funds committed for investment in the state during the biennial summits should be investigated by the IT authorities.
