New Delhi, Mar 17 In this world nothing is certain but for death and taxes, it is said. But collecting a part of these taxes, estimated at close to Rs 1 lakh crore, is proving to be full of uncertainties for tax authorities. The revenue department ha
RBI policy of rotation and resting for statutory branch auditors which was applicable to 17 centres viz., Mumbai, Kolapur, Pune, Solapur, Thane, Kolkata, Chennai, Coimbatore, Delhi/New Delhi, Ajmer, Bikaner, Jaipur, Kota, Udaipur, Ahmedabad, Vadodara
Date 15.03.2008 One Lakh Companies lost their registrationThe government has cancelled the registration of over one lakh Companies for failing to file annual returns, Parliament was informed on Friday. There were about 7,43,628 Companies registe
In view of the apprehension raised on the retrospective amendment to section 271 of the Income-tax Act, proposed in the Finance Bill, 2008, empowering the assessing officer to, inter-alia, levy penalty in case of concealment of income, the Ministry o
FINANCING THE FARM LOAN WAIVER PACKAGE 18:59 ISTFollowing is the text of the statement on Financing the Farm Loan Waiver Package made by Finance Minister Shri P. Chidambaram in Lok Sabha today.1. In my budget speech before the House, I had an
Satutory Branch Auditors recommended for appointment in Public Sector Bank 07-08Information relating to allocation of auditors/audit firms to various public sector banks for the year 2007-08 is hosted on the web-site of RBI. While forwarding names of
Security concerns and duplication of the PAN cards are reasonswhich have prompted the government to look at introducing biometric PANcards. The government is worried that terrorists can easily get a PANcard and open bank accounts or get a mobile conn
The Institute of Chartered Accountants of India (ICAI) is set torevolutionize its examination system for students. The objective partof the common proficiency test (CPT), read entrance exam, will beconducted online. Not only that, it can be taken any
RBI/2007-2008/260DPSS No.1405 / 02.10.02 / 2007-2008March 10, 2008The Chairman / Chief Executive Officer(All Scheduled commercial banks including RRBs)Dear SirCustomer charges for use of ATMs for cash withdrawal and balance enquiry1.Automated Teller
GUIDANCE NOTE ON AUDIT OF BANKS (2008 Edn.)We are pleased to inform that a revised 2008 Edition of the Guidance Note on Audit of Banks has been released.The 2008 edition of the Guidance note has been divided into four distinct parts.Part I - Banking
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