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Compliance with the Requirements of Corporate Governance
18 December 2012 at 11:53Compliance 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
Tax Raids under the Income Tax Act, 1961
15 December 2012 at 11:44Tax 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
Updating Tax Officials' Knowledge of Law
15 December 2012 at 11:44The 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
Income Tax Refund
15 December 2012 at 11:44Processing 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
253277 companies have not filed their Annual return in 2010-11
14 December 2012 at 16:29De-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
Bank details of indian account holders in France
14 December 2012 at 16:29On 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
Reduction in Commission of PPF agents to make the Schemes more Investor Centric than Agent Centric
14 December 2012 at 11:38The 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
Reasons for Allowing FDI in Retail Sector
14 December 2012 at 11:35Foreign 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
CAG of India briefs UN Secretary General on Conduct of UN Audit
13 December 2012 at 10:07Vinod 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
Time limit for XBRL filing extended again to 15 Jan 2013
12 December 2012 at 15:54MCA extended time limit of filing Financial Statement in XBRL Mode upto 15 January 2013 General Circular No. 39/2012 12.12.2012
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