The income-tax department on Thursday carried out surveys on major Hospitals in Mumbai to verify whether they were complying with the provisions of tax deducted at source (TDS) under the Income-Tax Act. Six high-end hospitals in South Mumbai and sub
The Shikshan Prasarak Mandali, Pune has decided to appeal against the Income tax department’s decision to cancel registration of the Mandali as a charitable trust’. Anant Mate, vice-chairman of the Mandali, said, “We have been given a month’s time to
The government is set to frame new accounting norms for non-governmental organisations (NGOs), as it looks to remove the veil over the flow and utilisation of funds by the sector that is not entirely above suspicion. The ministry of corporate affairs
The central excise & service tax commissionerate Allahabad has launched its website on Friday. The website can be logged in at www.centralexciseallahabad.com. The said website was inaugurated by chief commissioner, central excise & service tax, Luckn
The stagnancy in service tax payment by the country’s top mobile firms in the first five months of the fiscal is worrying the government. The reason being that while in the last two quarters profitability of the major operators have dipped and revenu
Market regulator SEBI has barred 197 foreign funds, including those managed by global financial conglomerates like HSBC, Deutsche Bank and Standard Chartered, and 342 sub-accounts from further trading in stock market. These entities have been barred
With a view to accommodate the candidates who could not register themselves in the Online CPT scheduled on 23rd – 24th October 2010, the Council of the Institute has decided to hold additional Online Common Proficiency Test (CPT) as per the following
The Institute of Chartered Accountants of India (ICAI) is a statutory body established under the Chartered Accountants Act, 1949 (Act No. XXXVIII of 1949) for the regulation of the profession of Chartered Accountants in India. During its nearly six
The Supreme Court on Friday sought a response from Satyam Computer’s disgraced founder, B Ramalinga Raju, on the CBI’s plea for cancellation of his bail in the multi-crore rupee accounting scam.
Background 1. The Companies Act 1956 was enacted on the recommendations of the Bhaba Committee set up in 1950 with the object to consolidate the existing corporate laws and to provide a new basis for corporate operation in independent India. With enactment of this legislation in 1956, the Companies Act 1913 was repealed. 2. The […]
