The RBI permission makes Visa the only electronic card payments technology company in India to support over forty banks, including ICICI Bank, Canara Bank and HDFC Bank, to enable them to offer their cardholders the facility of receiving remittances
Net direct tax collections during the period April-September 2010 stood at Rs.1,81,758 crore, up from Rs.1,52,625 crore in the same period last fiscal, registering a growth of 19.09 percent in H-1 against the Budgeted annual growth target of 13.67 pe
In accordance with the decision taken by the Council of the Institute recently, it is brought to the notice of the student community that henceforth (i.e. from June, 2010 Examination Session onwards), Pass Certificates will be issued only to suc
The Income Tax department has collected documents pertaining to tenders and award of contracts for its “two pronged” probe into the finances of the Commonwealth Games even as a high-level committee headed by a former CAG goes into allegations of corr
The survey was carried out to verify whether tax was deducted under the provisions of tax deducted at source (TDS). While examining documents, the department found out that in several cases, companies have defaulted in transferring TDS to the I-T dep
In a blow to the state government, the Kerala High court today directed tax authorities to receive advance tax from Megha Distributors treating them as promoters of Bhutan lottery in the state.A division bench, comprising justices Thothathil B Radhak
Vodafone said on Friday it has filed a petition in Bombay High Court defending itself against a new step by tax authorities treating the telco as an ‘agent’ of the seller in its $ 11-billion (about Rs 50,000 crore) takeover of Hutchison Telecom in 20
Confronted with rising number of cases where financial data is encrypted electronically, the Income Tax department is hunting for high-end digital data extraction and investigation tools which can glean through erased information and recover internet
Those writing cheques without adequate funds in their account risk having their account blocked a measure that will further tighten the regime around bounced cheques. India’s largest lender, the State Bank of India, has decided to close the accounts
Customs, Central Excise and Service Tax revenue collections rose to Rs. 150686/- Crore during April-September 2010. Thus there is an increase of 44.4 percent in revenue collections at all India level during April-September 2010 as compared to corresp
