CAclubindia News
Government, exchanges seek ways to ease STT
18 October 2011 at 12:07The government on Monday discussed with stock exchanges various options to rationalise the securities transactions tax (STT). The finance ministry recently proposed to do away with or dilute STT, a levy that fetches the government around Rs 7,500
CBDT has released a discussion paper on Tax Accounting Standards
17 October 2011 at 19:08CBDT has released a discussion paper on Tax Accounting Standards for inviting comments/suggestions from all the stake holders. This discussion paper has been approved by the Honorable Finance Minister. Check the Attached file for Details...
G20 promises adequate capital to shore up banks
17 October 2011 at 16:26Financial leaders of the worlds 20 biggest economies will pledge to make sure banks have enough capital and access to funding, amid market worries about eurozone bank capital needs that threaten a liquidity crunch, a draft communique showed
Govt moves closer to setting up China-style mega industry hubs
17 October 2011 at 16:26India is set to create its own versions of China-style mega industrial cities peppered across the country equipped with production units, public utilities, residential areas, schools and hospitals. A group of ministers (GoM) headed by agriculture
Firms get govt breather on forex earnings
17 October 2011 at 16:08The ministry of corporate affairs has given Indian firms another year to spread their liabilities on account of foreign exchange borrowings accruing from fluctuations in foreign exchange The ministry of corporate affairs, or MCA, has given Indian
Finance ministry to begin discussions on budget on Tuesday
17 October 2011 at 16:08Indias finance ministry will start discussions on the budget for the year beginning 1 April on Tuesday, as a weak domestic and external economic environment threatens to crimp revenue and demands for increasing spending on socio-economic de
CBDT has released Circular on Tax deduction at source on the deposits in banks
17 October 2011 at 11:36Tax deduction at source on the deposits in banks in the name of the Registrar/Prothonotary and Senior Master attached to the Supreme Court/ High Court etc during the pendency of litigation of claim/compensation-reg.
SC tells retailers to pay 50% of outstanding service tax
17 October 2011 at 10:52The top court will take a decision on the remaining 50% after a final hearing on the matter The Supreme Court on Friday ruled that service tax on commercial rentals for retailers would be applicable with retrospective effect from April 2007, and
PM to hold meet over high inflation today
15 October 2011 at 12:26Prime Minister Manmohan Singh has called a meeting on Saturday to discuss policy options with regard to slowing economic growth and high inflation. "The meeting (with PM) is on the current economic situation. We will have a discussion on gro
Rate hike looms as Sept inflation stays high at 9.72%
15 October 2011 at 12:26Indias inflation rate continued to remain close to worrisome double-digit levels bolstering speculation that the Reserve Bank of India (RBI), despite a slowing economy, may increase interest rates yet again to cool prices when it presents t
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