CAclubindia News

Tax Foregone Statement

27 April 2013 at 11:48

The salient features of the Tax Forgone Statement issued by the Government are as under: • This Statement seeks to list the revenue impact of tax incentives or tax subsidies that are a part of the tax system of the Central Governm

Posted in Income Tax | 11001 Views

Penal Provisions on Service Tax Evasion Cases

27 April 2013 at 11:44

The cases of service tax evasion have increased during the recent time. The details are as under: Year No. of cases detected Service tax evasion involved (Rs. in crores) 2010-11

Posted in Service Tax | 15138 Views

PNGRB reference on compliance with AS 17 by CGD entities

26 April 2013 at 11:52

The Petroleum and Natural Gas Regulatory Board (PNGRB), entrusted with the duties, interalia, of regulating the transportation rate for city or local natural gas distribution networks or common or contract carrier pipelines, has recently informed

Posted in Accounts | 8814 Views

Special Task Force Constituted in the SFIO to Investigate-The Affairs of Certain Chit Fund Companies

26 April 2013 at 11:51

The Ministry of Corporate Affairs has taken note of the misuse by certain “Chit Fund Companies” who have raised huge sums of money from the public at large. The State Governments are the appropriate authorities for regulation of such c

Posted in Corporate Law | 6306 Views

Date for filing the ST-3 return, for the period from Oct'12 to March'13 has been extended from 25th Apr, 2013 to 31st August, 2013

24 April 2013 at 11:05

F.No.137/99/2011-Service Tax Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs *** New Delhi, dated the 23rd April, 2013 Order No: 03/2013-Service Tax In exercise of the p

Posted in Service Tax | 5 comments | 17892 Views

ONGC invites proposals for Appointment of Cost Auditor for the financial year 2013-14, last date being 6th May 2013

23 April 2013 at 12:11

ONGC invites proposals for Appointment of Cost Auditor for the financial year 2013-14, last date being 6th May 2013

Posted in Career | 4 comments | 15309 Views

Monetary Ceilings of Salaries for the Corporate Sector including CEOS and CFOS

23 April 2013 at 12:06

There are no monetary ceilings of salaries laid down in the Companies Act,1956 for personnel serving in the corporate sector including CEOs, CFOs and Directors thereof. Giving this information in written reply to a question in the Rajya Sabha toda

Posted in Corporate Law | 14481 Views

Provision for Corporate Social Responsibility

23 April 2013 at 12:02

Under Companies Act, 1956 there is no provision for Corporate Social Responsibility (CSR) but the Companies Bill, 2012 incorporates a provision of CSR under Clause 135. This Clause states that every company having net worth of Rs. 500 crore or mor

Posted in Corporate Law | 15252 Views

Issuance of certificate for tax deducted at source in Form No. 16 in accordance with the provisions of section 203 of the Income-tax Act, 1961 read with the Rule 31 of the Income-tax Rules 1962 - reg

23 April 2013 at 11:53

CIRCULAR NO. 04/2013 F.No 275/34/2011-IT(B) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, the 17th April, 2013 Sub: Issuance of certificate for tax deducted at source in Form No. 16 in acc

Posted in Income Tax | 2 comments | 12405 Views