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States to be fully compensated for GST: Pranab

   26 July 2010 at 10:03

States to be fully compensated for GST: Pranab Finance minister Pranab Mukherjee on Saturday assured the states that the Centre will fully compensate them on possible losses arising from implementation of the goods and services tax (GST) regime. ..

Posted in Taxation |   558 Views


IT department, biggest litigant in Govt: FM

   26 July 2010 at 10:01

IT department, biggest litigant in Govt: FM Calling it the biggest litigant in the entire Government, Finance Minister Pranab Mukherjee on Saturday asked the Income Tax Department to reexamine the way it handles tax disputes. Speaking at the 150t ..

Posted in Taxation |   648 Views


Bill to change Competition Act likely in Monsoon session: MCA

   24 July 2010 at 11:20

Bill to change Competition Act likely in Monsoon session: MCA Corporate affairs minister Salman Khurshid has said the Competition Act amendment bill, seeking to invest the competition watchdog CCI with powers to vet big-ticket takeovers, is like ..

Posted in Corporate Law |   546 Views


GST can push up economic growth by 1.5 pc: Montek

   24 July 2010 at 11:19

GST can push up economic growth by 1.5 pc: Montek Making a strong case for implementation of Goods and Services Tax (GST), the Planning Commission has said the new tax regime could push up economic growth by 1.5 pc points. "Lots of people be ..

Posted in Taxation |   568 Views


Womens bill to be brought in LS during Monsoon Session

   24 July 2010 at 11:15

Women's bill to be brought in LS during Monsoon Session Government has said the controversial Women's Reservation Bill would be brought for consideration in the Lok Sabha in the Monsoon Session of Parliament -- a move apparently aimed at ..

Posted in Others |   296 Views


Advocates decry assault on senior lawyer'

   24 July 2010 at 01:05

HUBLI: The members of Hubli Bar Association on Friday boycotted the court proceedings and staged a rasta roko agitation at Court Circle here, seeking the arrest of a man who "allegedly" assaulted a senior advocate. The traffic movement at ..

Posted in Others |   480 Views


CBDT Celebrates Journey of 150 years - 1860 to 2010

   23 July 2010 at 17:08

THE CBDT is truly excited and fully geared up to celebrate 150 years of income tax in India. The Governor General of India accorded to the bill levying the tax, introduced by James Wilson, the first Finance Member in Council, on 24th July 1860. The ..

Posted in Taxation |   1029 Views


Regulator must adhere to law for recognising B.Ed colleges: SC

   22 July 2010 at 10:50

Regulator must adhere to law for recognising B.Ed colleges: SC The Supreme Court on Wednesday asked the National Council for Teacher Education (NCTE) not to grant recognition to private colleges offering B.Ed courses if they failed to fulfil the m ..

Posted in Students |   2096 Views


Preparation of correction TDS/TCS statement made easy

   22 July 2010 at 10:46

Preparation of correction TDS/TCS statement made easy. Register your TAN online and get your consolidated TDS/TCS statementDeductors / collectors are required to furnish a quarterly TDS / TCS statement as per guidelines of the Income Tax Department ..

Posted in Taxation  1 comments |   2957 Views


Govt proposes 20% GST on goods, 16% on services

   22 July 2010 at 10:34

Govt proposes 20% GST on goods, 16% on services Finance Minister Pranab Mukherjee on Wednesday proposed a three-rate structure for the Goods and Services Tax - which will simplify the indirect tax regime. Under this goods will attract 20 percent ..

Posted in Taxation |   798 Views