CAclubindia News

Highlights of the Companies Bill, 2011

20 December 2012 at 11:47

Highlights of the Companies Bill, 2011 (as passed in Lok Sabha on 18.12.12) The Bill has 470 clauses as against 658 Sections in the existing Companies Act, 1956. The entire bill has been divided into 29 chapters.

Posted in Corporate Law | 7 comments | 32412 Views

Government for Stable Tax Regime, says the Finance Minister

19 December 2012 at 17:56

The Union Finance Minister, Shri P. Chidambaram said that the Government is fully committed to provide best possible facilities to the tax payers for better tax compliance and revenue augmentation. He said that our focus is always to have a reason

Posted in Others | 7497 Views

Salient Features of the Companies Bill 2011

19 December 2012 at 15:28

The Companies Bill, 2011, which was passed by the Lok Sabha yesterday, on its enactment will allow the country to have a modern legislation for growth and regulation of corporate sector in India. The existing statute for regulation of companies in

Posted in Corporate Law | 3 comments | 24477 Views

Mid-Quarter Monetary Policy Review: December 2012

19 December 2012 at 10:28

Monetary and Liquidity Measures On the basis of the current macroeconomic assessment, it has been decided to: · keep the cash reserve ratio (CRR) of scheduled banks unchanged at 4.25 per cent of their net demand and time liabiliti

Posted in Others | 7095 Views

IND-AS placed on MCA website for wider dissemination

18 December 2012 at 11:54

Indian Accounting Standards After extensive stakeholders consultation on IFRS standards, the converged Indian Accounting Standards (IND-AS) have been placed on the website of the Ministry of Corporate Affairs for wide dissemination and fa

Posted in Accounts | 2 comments | 13590 Views

MID-Year Economic Analysis Presented in Parliament; holds Outlook of Growth Stability and Recovery of the Economy

18 December 2012 at 11:53

The Government today tabled the Mid-Year Economic Analysis 2012-13 in both the Houses of Parliament. This is as per the provisions of the Fiscal Responsibility and Budget Management (FRBM) Act, 2003 which requires the review of quarterly trends in

Posted in Others | 5430 Views

Compliance with the Requirements of Corporate Governance

18 December 2012 at 11:53

Compliance with the requirements of Corporate Governance as laid down in the Companies Act is looked into by the Registrars of Companies and suitable action is initiated wherever there is failure to comply with the law. Giving this information in

Posted in Corporate Law | 6801 Views

Tax Raids under the Income Tax Act, 1961

15 December 2012 at 11:44

Tax Raids The numbers of search warrants executed under the Income Tax Act, 1961 during the years 2010-11, 2011-12 and the current year are as under: Period Number of warrants executed

Posted in Income Tax | 4 comments | 36630 Views

Updating Tax Officials' Knowledge of Law

15 December 2012 at 11:44

The assessing officers undergo in-depth training on direct tax at the induction stage at National Academy of Direct Taxes, Nagpur (NADT) and the seven subordinate Direct Taxes Regional Training Institutes (DTRTIs) located across the country and on

Posted in Income Tax | 1 comments | 10878 Views

Income Tax Refund

15 December 2012 at 11:44

Processing of returns of income, including those with refund claim, is a continuous process. Statutory time limit to process returns of income is with reference to the financial year of their receipt. As per the Income Tax Act, 1961 returns receiv

Posted in Income Tax | 4 comments | 28515 Views