CAclubindia News

No Case of Data Leak and Refund Frauds Detected Due to Outsourcing of Infotech Functions by IT Department

09 May 2012 at 11:49

The outsourcing of infotech functions by the Income Tax (IT) Department has emerged after extensive discussions, rigorous evaluation and comprehensive examination by various authorities. Till now no instance has come to light of involvement of Ven

Posted in Income Tax | 5253 Views

Value of Assets Seized in Searches Conducted by Income Tax Department Stood at Rs. 905.61 Crore in 2011-12

09 May 2012 at 11:49

The Government has received a number of cases of information relating to remittances, payments and money held in foreign bank accounts etc. under the provisions of the DTAAs/TIEAs. Every reliable information, including information received from ou

Posted in Income Tax | 4860 Views

Extension of Due Date for the Comments on the Exposure Draft of the Taxonomy for C&I Companies

09 May 2012 at 11:43

Keeping in view the numerous comments received on the draft general purpose taxonomy for C&I companies based on the Revised Schedule VI, it has been decided to extend the due date for the comments till 21st May, 2012. Accordingly, comments may

Posted in Corporate Law | 3318 Views

Notice for filing Form-8 & 11 for the Financial Year ended 31-03-2012

09 May 2012 at 10:41

All LLPs registered upto 30-September-2011 have to mandatorily close the financial year as on 31-03-2012 and file Form-11 by 30-May-2012 and Form-8 by 30- October-2012. LLPs registered from 01-10-2011 to 31-03-2012 have option either to close fin

Posted in Corporate Law | 1 comments | 12447 Views

Integration of LLP System into MCA-21

09 May 2012 at 10:41

1. The Ministry is in process of integration of LLP system into MCA-21 in the month of June 2012 by allowing filing & approval of LLP forms at MCA-21 website (www.mca.gov.in) for better e-governance facility for stakeholders, by making neces

Posted in Corporate Law | 4359 Views

Clarification on Rate of Tax - regarding

09 May 2012 at 10:22

Circular No. 158/9/ 2012 – ST F.No 354/69/2012- TRU Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Tax Research Unit Room No 146, North Block, New Delhi Dated : 8th May 2012 To Chief Com

Posted in Service Tax | 4 comments | 10314 Views

The online submission of ITR-1 (SAHAJ) for AY 2012-13 has been enabled

08 May 2012 at 10:58

The online submission of ITR-1 (SAHAJ) for AY 2012-13 has been enabled

Posted in Income Tax | 1 comments | 10929 Views

Conducting of AGM by Companies

08 May 2012 at 10:58

The Companies Act, 1956 prescribes filing of a copy of the Balance Sheet and Annual Report after the AGM has been conducted, with the concerned Registrar of Companies. There is no requirement under the Companies Act requiring the Registrar of Comp

Posted in Corporate Law | 1 comments | 8022 Views

Furnishing of Misleading Information by Multinational Network Accounting Firms (MNAFs)

07 May 2012 at 17:28

Furnishing of Misleading Information by MNAFs According to the information furnished by the Institute of Chartered Accountants of India (ICAI) a High Power Committee (HPC) appointed by them for examining the operation of Multinational Network Ac

Posted in Corporate Law | 4494 Views

Opening Remarks by FM on Finance Bill 2012

07 May 2012 at 17:28

Opening Remarks made by the Finance Minister Shri Pranab Mukherjee at the beginning of the Discussion on Finance Bill 2012 The text of the Opening Remarks made by the Union Finance Minister Shri Pranab Mukherjee at the beginning of the discussio

Posted in Income Tax | 5709 Views