CAclubindia News
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
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
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