CAclubindia News
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
Direct tax collection grows by a meagre 7.14 percent
12 December 2012 at 11:24Gross 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
Only 14.62 lac assessees disclose income more than 10 lac
11 December 2012 at 13:06Statement 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
MCA 21 Project - Achievements and Continuation
11 December 2012 at 13:03The 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
Incorporation of the Corporate Social Responsibility Provision in the New Companies Bill
11 December 2012 at 13:03Clause 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
Service Tax (Fifth Amendment) Rules, 2012 - Amendment in Form ST-1 to include accounting codes
10 December 2012 at 13:29NOTIFICATION NO. 48/2012-ST [F.NO. 137/22/2012-ST]/GSR 858 (E) DATED 30-11-2012 In exercise of the powers conferred by sub-section(l) read with sub-section (2) of section 94 of the Finance Act, 1994 ( 32 of 1994), the Central Government hereby
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