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Raise income tax exemption limit to Rs 3 lakh – Survey

February 7, 2011 790 Views 0 comment Print

The government must increase the personal income tax exemption limit to at least Rs 3 lakh from Rs 1.6 lakh at present in the upcoming Budget for giving relief to taxpayers from high inflation, majority of CEOs surveyed by industry body Assocham has

India has highest transfer pricing litigations – E&Y Survey

February 7, 2011 847 Views 0 comment Print

India has the highest number of litigations over transfer pricing, where MNCs have been charged of reducing their tax liability by transferring profits to group companies abroad, a survey has found.

CFI demands service tax exemption for power projects

February 7, 2011 447 Views 0 comment Print

The Construction Federation of India has sought service tax exemption for development of power projects, on the lines of other infrastructural works in the upcoming Budget.

MCA may inspect books of 39 cos barred by Sebi

February 7, 2011 684 Views 0 comment Print

Thirty-nine entities, barred from stock markets by Sebi last week for circular trading, may also face inspection by the Ministry of Corporate Affairs (MCA) for possible anomalies in their balance sheets.

'Many listed companies lack professional approach'

February 7, 2011 405 Views 0 comment Print

Out of 6,000 odd listed companies in India, not even 2,000 listen to what markets say, Chairman of Enam Securities Vallabh Bhanshali said here today. Addressing a seminar at Indian School of Business, he said most of the companies lack professional a

EPFO may resume investment in LIC Housing Finance

February 7, 2011 336 Views 0 comment Print

Retirement fund manager EPFO’s trustees are likely to approve a proposal to recommence investment in LIC Housing Finance at their meeting scheduled on February 15.

ED to register money laundering case in Citibank fraud

February 7, 2011 561 Views 1 comment Print

The Enforcement Directorate will soon file a case of money laundering in connection with the Rs 400 crore fraud allegedly perpetrated by a Citibank employee. Official sources said the Directorate, which has studied the details of the police FIR in

Mere membership of banned organisation not a crime- Supreme Court

February 6, 2011 868 Views 0 comment Print

Mere membership of a banned organisation does not make a person criminal unless he or she resorts or incites people to violence, the Supreme Court has ruled. The ruling assumes significance in the wake of life imprisonment imposed on noted civil li

Automatic shifting from CA Final(Old) to CA Final(New) Course

February 6, 2011 1179 Views 0 comment Print

Sub: Procedure adopted by the Institute in shifting CA Final (Old) course students to CA Final (New) course in order to appear in CA Final Examination to be held from May, 2011 onwards. As announced earlier on the Institute’s website, the Final (Ol

Results of PCE, IPCE will now be declared on 8th February, 2011

February 6, 2011 432 Views 0 comment Print

Declaration of Results of PCE, IPCE, MAC (Part-I), IRM and ITL & WTO on 8th February, 2011 at 10.00 A.M In modification of the announcement earlier made regarding likely declaration of results of PCE, IPCE, MAC (PART-I), IRM and ITL & WTO at 5.00 P.M

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