The government today said that it would not be able to table the new Companies Bill that was expected to be enacted by the end of this year, in the Parliament’s winter session. Failing to meet the earlier deadline of tabling the Companies Bill 2009 i
The Central Board of Excise and Customs (CBEC) has issued show-cause notices to Citibank NA and Kingfisher Airlines Ltd for not paying service tax related to their sponsorship of the Indian Premier League (IPL), according to two officials familiar wi
Supreme Court has asked the finance ministry and Central Board of Direct Taxes (CBDT), the apex body in charge of administering India’s taxation system, to amend transfer pricing, or TP, laws if it wishes to bring domestic transactions under their ambit.
The government plans to keep a tight vigil on foreign investment inflows by making it mandatory for companies bringing in foreign equity to periodically disclose the end-use of such funds. The Economic Intelligence Council (EIC), led by finance minis
A division bench of the Delhi high court last week dismissed the appeal of Marico Ltd against its rival in cooking oil market, Agro Tech Foods Ltd, over the use of expressions exclusively claimed by the former. Earlier, a single judge bench had held
Barely five months from the final implementation of the IFRS, the finance ministry has directed the apex accounting regulator, Institute of Chartered Accountants of India (ICAI), to set up a committee to harmonise the tax-related issues. As 1,000-plus companies with networth greater than Rs 1,000 crore converge to the international accounting standard from April 1, 2011, there is still lack of clarity as to how corporate houses would adjust their tax dues as per the new accounting standard.
The Securities and Exchange Board of India (SEBI) has doubled the limit for maximum application for individual investors from Rs 1 lakh to Rs 2 lakhs across all public issues. However, there is no increase in the percentage allocation. This helps inv
In one of the biggest tax recoveries to be made from blue-chip companies, the finance ministry has asked Central Board of Direct Taxes (CBDT) to reopen income-tax returns of entities found to have allegedly evaded taxes estimated at over Rs 27,000 cr
New Delhi, Nov. 9 The Supreme Court on Tuesday dismissed the petition of Satyam’s founder-chairman Mr B. Ramalinga Raju asking for extending Wednesday’s deadline for his surrender. As a reason for extension of the deadline to surrender, Mr Raju, in
Empanelment of Chartered Accountant firms for Audit of Urban Co-operative Banks of Maharashtra.(Last Date 25th November, 2010)1. Only those Maharashtra based partnership firms which are there in the Bank Branch Auditor’s Panel 2010-11, are eligible to apply. To check your eligibility, pl visit www.meficai.org
