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CBDT Clarification on Tax Scrutiny Of Mergers and Acquisitions Cases

December 15, 2010 2322 Views 0 comment Print

The Central Board of Direct Taxes (CBDT) has clarified that the Income Tax Department is currently scrutinizing only a handful of cases relating to takeovers, mergers and acquisitions; not 380 or 100 as reported in some sections of the media. Tax scrutiny is an ongoing process and the numbers vary from year to year. This has already been stated in replies to several Parliament Questions

Inauguration of Income Tax Office at Chinsurah, West Bengal

December 8, 2010 3869 Views 0 comment Print

Inauguration of Income Tax Office at Chinsurah, Dist-Hooghly, West Bengal by Honble Union Finance Minister Shri Pranab Mukherjee on 04.12.2010 – Publicity in the official web site

SEBI – Submission of report of the Committee for Review of Ownership and Governance of Market Infrastructure Institutions

November 25, 2010 603 Views 0 comment Print

SEBI – Submission of report of the Committee for Review of Ownership and Governance of Market Infrastructure Institutions PRESS RELEASE NO. 254/2010, DATED 23-11-2010 The Securities and Exchange Board of India constituted a Committee under the Chairmanship of Dr. Bimal Jalan, (Former Governor, Reserve Bank of India) to examine issues arising from the ownership and governance […]

Filing of ROC documents with delay on payment of additional fee

November 22, 2010 924 Views 0 comment Print

Section 611(2) of the Companies Act, 1956 permits filing of documents with delay, without prejudice to any other liability, on payment of additional fee not exceeding ten times of the statutory fees for filing documents. 2. Implementation of MCA-2

Public issues by Insurance Companies/Preferential issue of equity shares or convertible securities or warrants to promoters and promoter group

October 27, 2010 736 Views 0 comment Print

In order to ensure uniform treatment for all classes of investors in rights issues, the Board decided that only one payment option may be given by the issuer to all the investors i.e. either (i) part payment on application with balance money to be paid in calls or (ii) full payment on application. The Board also decided that where the issuer opts for part payment, it shall be incumbent on them to obtain approvals, if any, as may be necessary for the purpose.

I-T Returns Filing Date Extended to 30th November in J&K

September 23, 2010 459 Views 0 comment Print

Press Information Bureau Government of India Ministry of Finance 23-September-2010 The Central Board of Direct Taxes (CBDT) has extended the due date of filing of returns of income for the Assessment Year 2010-11 for all categories of cases in the State of Jammu & Kashmir to 30th November 2010. The decision was taken by the […]

Taxpayers Filing I-T Returns Electronically are required to mail ITR-V for AY 2009-10 to CPC Bengaluru by 31/12/2010

September 10, 2010 546 Views 0 comment Print

PRESS RELEASE NO. 402/92/2006-MC (40 OF 2010) The Central Board of Direct Taxes have extended the time limit for filing ITR-V forms relating to income tax returns filed electronically (without digital signature) for the assessment year (AY) 2009-10 up to 31st December 2010, or 120 days from the date of filing, whichever is later.

Request for Informal Guidance under Securities and Exchange Board of India (Informal Guidance) Scheme, 2003 {The Scheme}

September 8, 2010 1050 Views 0 comment Print

Securities and Exchange Board of India Request for Informal Guidance under Securities and Exchange Board of India (Informal Guidance) Scheme, 2003 {The Scheme} in the matter of M/s. Ramkrishna Forgings Limited (Target Company) Letter No. CFD/DCR/SKM/TO/18378/2010 dated 2-9-2010 This has reference to your letter dated April 6, 2010 requesting for interpretive letter under Securities and […]

Time limit for filing ITR-V for assessment year 2009-10 extended – Press Release, dated 1-9-2010

September 7, 2010 7858 Views 0 comment Print

The Central Board of Direct Taxes (CBDT) has decided to extend the time Limit for filing ITR-V forms relating to income-tax returns for A.Y. 2009-10 filed electronically (without digital signature) on or after 1st April 2009. These ITR-V forms can no

Mandatory disclosures by the media of its stake in corporate sector

August 28, 2010 1350 Views 0 comment Print

SEBI had taken up with Press Council of India its concerns on practice of many media groups entering into agreements, such as ‘Private Treaties’, with companies. Typically, such arrangements are with companies which are listed or which proposes to come out with public offerings.

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