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253277 companies have not filed their Annual return in 2010-11

   14 December 2012 at 16:29

De-Registration of Companies During the year 2010-11, 2,53,277 companies have not filed their Balance Sheets and Annual Returns. Giving this information in written reply to a question in the Lok Sabha today Shri Sachin Pilot, Minister of Corpora

Posted in Corporate Law  5 comments |   10320 Views


Bank details of indian account holders in France

   14 December 2012 at 16:29

On the request of the Central Government and persistent follow up in June, 2011, France has provided details of Indians having bank accounts in one of the banks of Switzerland under the provisions of Double Taxation Avoidance Convention (DTAC) bet

Posted in Income Tax |   12330 Views


Reduction in Commission of PPF agents to make the Schemes more Investor Centric than Agent Centric

   14 December 2012 at 11:38

The recommendation of Shyamala Gopinath Committee regarding agents’ commission was to reduce commission of 0.5% on Senior Citizens Saving Scheme (SCSS) and 1% on Public Provident Fund (PPF) to zero, reduce 4% commission under Mahila Pradhan

Posted in Others  1 comments |   8331 Views


Reasons for Allowing FDI in Retail Sector

   14 December 2012 at 11:35

Foreign Direct Investment (FDI) complements and supplements domestic investment. Domestic companies are benefited through FDI, by way of enhanced access to supplementary capital and state-of-the-art technologies; exposure to global managerial prac

Posted in Others  3 comments |   14079 Views


CAG of India briefs UN Secretary General on Conduct of UN Audit

   13 December 2012 at 10:07

Vinod Rai Re-Elected Chairman of United Nations' Panel of External Auditors The United Nations’ Panel of External Auditors which comprises Supreme Audit Institutions (SAIs) engaged in auditing United Nations, its specialised agencies a

Posted in Audit  1 comments |   8853 Views


Time limit for XBRL filing extended again to 15 Jan 2013

   12 December 2012 at 15:54

MCA extended time limit of filing Financial Statement in XBRL Mode upto 15 January 2013 General Circular No. 39/2012 12.12.2012

Posted in Corporate Law |   12990 Views


Direct tax collection grows by a meagre 7.14 percent

   12 December 2012 at 11:24

Gross Direct Tax Collection Figures for April-November 2012-13 Up by 7.14 Percent at Rs. 3,25,696 Crore as Against Rs. 3,04,002 Crore in the Same Period Last Year Gross direct tax collections during April-November of the Financial Year 2012-13 was

Posted in Income Tax |   4713 Views


Only 14.62 lac assessees disclose income more than 10 lac

   11 December 2012 at 13:06

Statement made by Revenue Secretary to Media On August 6, 2012, the Finance Minister Shri P. Chidambaram made a statement on the policy of the Government regarding taxation and tax administration. He emphasized that clarity in tax laws, a stable

Posted in Income Tax |   16545 Views


Incorporation of the Corporate Social Responsibility Provision in the New Companies Bill

   11 December 2012 at 13:03

Clause 135 of the Companies Bill, 2011 inter alia, provides for the specified companies to spend at least 2% of the average net profits (of last 3 years) in pursuance of the company’s Corporate Social Responsibilities (CSR) policy and in cas

Posted in Corporate Law  2 comments |   8697 Views


MCA 21 Project - Achievements and Continuation

   11 December 2012 at 13:03

The Government is implementing an e-governance initiative called MCA 21 Project to ensure the efficiency of the core services regarding company affairs. Giving this information in written reply to a question in the Parliament, Shri Sachin Pilot, M

Posted in Corporate Law |   5322 Views



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