Actress Priyanka Chopra and photographer Atul Kasbekar will pay income tax on some undisclosed transactions. Priyanka will pay tax on Rs 6 crore of cash transactions and Kasbekar on a Rs 4-crore gift, a senior income-tax official said. Income-tax officials raided them and actress Katrina Kaif on January 24. Katrina did not evade tax, the official said.
A survey sponsored by the Reserve Bank has revised the country’s economic growth projections for the current fiscal to 8.7 per cent, from 8.5 per cent earlier. Forecasters have revised their real GDP growth rate forecasts upwards to 8.7 per cent in 2010-11, from 8.5 per cent in the last survey.
The air travellers and courier service companies are under the scanner of air intelligence unit (AIU) of the Income Tax (I-T) department, which is trying to get to the black money trail in India. The AIUs conducted a series of search operations at va
Shri U.K. Sinha, (IAS: 1976: Bihar, voluntarily retired in 2008) presently Chairman and Managing Director, UTI AMC, has been appointed as the Chairman, Securities and Exchange Board of India (SEBI), initially for a period of three years with effect f
Centralized Processing Center (CPC), Bangalore has begun processing of returns for AY 2010-11. As on 31/1/2011 it has processed over 31.3 lakh e-filed returns of AY 2010-11 in ITRs 1, 2, 3, 4 and issued refunds in over 8.3 lakh cases. The processing
Tax payers can expect some relief from high inflation in Budget 2011-12 as the government may raise the income tax exemption limit for individuals. Finance Minister Pranab Mukherjee is alive to the price situation and its impact on the common man,” s
India is considering allowing new private sector banks, including those by industrial houses, and a roadmap for the same could be announced in the Union Budget to be presented later this month.While the formal and final guidelines regarding who should be allowed to set up new banks and what should be the terms and conditions would be announced by the Reserve Bank of India (RBI), a roadmap could be announced in the Budget speech on February 28 by Finance Minister Pranab Mukherjee, sources said.
It has been brought to our knowledge that certain SMSs/e-mail chains have been generated claiming that the Institute has preponed the May 2011 Chartered Accountants Examinations scheduled to be held from 2nd May 2011 to 16th May 2011 as contained, in
Empanelment of Chartered Accountants/firms for Audit of Credit and Other Co-operative Societies. I am happy to inform you that the joint efforts of the PDC & WIRC have yielded results and the Maharashtra Government has entrusted the task of preparing the Panel of Chartered Accountants/firms for undertaking Statutory Audits of Credit and Other Co-operative Societies (other than UCBs) to the ICAI. In this regard, you are requested to provide following information for inclusion of your / your firm name in the Panel
As the Panel is urgently required to be submitted to The Commissioner Co-operation, the above-mentioned information along with documents should reach us by 14th February, 2011. Kindly send the above said documents by Hand Delivery / Registered Post Acknowledgement Due/Speed Post/Courier only to the Institute’s WIRC office at the following address super scribing the envelope-“EMPANELMENT FOR AUDIT OF URBAN CO-OPERATIVE BANKS” to :
