CAclubindia News

Finance ministry to begin discussions on budget on Tuesday

17 October 2011 at 16:08

Indias finance ministry will start discussions on the budget for the year beginning 1 April on Tuesday, as a weak domestic and external economic environment threatens to crimp revenue and demands for increasing spending on socio-economic de

Posted in Others | 2211 Views

CBDT has released Circular on Tax deduction at source on the deposits in banks

17 October 2011 at 11:36

Tax deduction at source on the deposits in banks in the name of the Registrar/Prothonotary and Senior Master attached to the Supreme Court/ High Court etc during the pendency of litigation of claim/compensation-reg.

Posted in Income Tax | 9657 Views

SC tells retailers to pay 50% of outstanding service tax

17 October 2011 at 10:52

The top court will take a decision on the remaining 50% after a final hearing on the matter The Supreme Court on Friday ruled that service tax on commercial rentals for retailers would be applicable with retrospective effect from April 2007, and

Posted in Service Tax | 3 comments | 8724 Views

PM to hold meet over high inflation today

15 October 2011 at 12:26

Prime Minister Manmohan Singh has called a meeting on Saturday to discuss policy options with regard to slowing economic growth and high inflation. "The meeting (with PM) is on the current economic situation. We will have a discussion on gro

Posted in Others | 2628 Views

Rate hike looms as Sept inflation stays high at 9.72%

15 October 2011 at 12:26

Indias inflation rate continued to remain close to worrisome double-digit levels bolstering speculation that the Reserve Bank of India (RBI), despite a slowing economy, may increase interest rates yet again to cool prices when it presents t

Posted in Others | 2583 Views

MCA XBRL Validation Tool has been released

15 October 2011 at 12:21

Updated version of MCA XBRL validation tool (Version 1.1) has been released on 14th October 2011.The list of enhancements to the validation tool has also been provided.

Posted in Corporate Law | 4617 Views

MCA advises to file ROC return before Diwali

15 October 2011 at 12:21

Ministry of Corporate Affairs desires that the members of the institute may file Company's Balance Sheet and Annual Return at the earliest preferably before festival time of Diwali to avoid last minute rush and system congestion in MCA21

Posted in Others | 1 comments | 3552 Views

IMF revises down India's GDP forecast to 7.5% for '12

14 October 2011 at 11:53

The Indian economy would grow by 7.8% in 2011 and by an even slower 7.5% next year, the International Monetary Fund (IMF) said on Thursday, citing less-than-anticipated recovery in advanced economies and the uncertain global outlook. "In Indi

Posted in Others | 1 comments | 4179 Views

Enforcement of Security Interest and Recovery of Debts Laws (Amendment) Bill, 2011 approved

13 October 2011 at 15:25

The Union Cabinet today approved introduction of the Enforcement of Security Interest and Recovery of Debts Laws (Amendment) Bill, 2011 in the next session of Parliament. The proposed amendments would enable banks to improve their operational eff

Posted in Others | 2 comments | 5862 Views

IIP, inflation to decide RBI move

13 October 2011 at 15:21

Two sets of data to be released this week - industrial output growth for August and consolidated monthly inflation for September - would largely determine the Reserve Bank of India's (RBI's) next move on interest rate hikes. Policy makers

Posted in Others | 2817 Views