The finance ministry is evaluating options of conducting a special audit of scam-tainted IT firm Satyam Computer's accounts to ascertain the company's tax liability. A decision on this will be taken after the tax authorities go through the report of ..
The Central Government on Thursday decided to extend the full rate of duty refunds including excise to merchant exporters who purchased goods from the local markets for overseas shipments.The Central Board of Excise and Customs (CBEC) said in a circu ..
The newly formed Union cabinet is expected to decide shortly on the vexed issue of a tax holiday for natural gas production, which is key to attracting overseas bidders to India’s biggest auction ever of 70 oil and gas blocks. Lack of clarity o ..
M Veerappa Moily, former Karnataka Chief Minister and a prominent backward community leader of Congress was on Thursday alloted the Ministry of Law and Justice. Moily, 69, who has considerable administrative experience acquired during his stint as th ..
Prime Minister Manmohan Singh indicated that the full Budget for 2009-10 may announce a disinvestment of government stake in public sector companies."Fiscal prudence and disinvestment of public sector units -- all these issues will be tackled by ..
China's banking regulator unveiled measures to ensure investment loans get used for actual projects, the latest move highlighting Beijing's concerns over fund misuse amid an avalanche of new lending.The China Banking Regulatory Commission released th ..
The International Accounting Standards Board (IASB) has published for public comment an exposure draft of draft guidance on fair value measurement.If adopted, the proposals would replace fair value measurement guidance contained in individual Interna ..
The supreme court had sought to redress the grievance of several aged in-laws who had been harassed by their daughters-in-law over their property.Sympathy or sentiment can be invoked only in favour a person who is entitled to it, observed the apex co ..
Delhi HC - Daughter in Law cannot claim share in in-laws propertyDelhi High Court has held that the old parents whose relations with their son and daughter-in law turn sour have every right to show them the door and the daughter-in law cannot claim a ..
SERVICE TAX ON RENT-UNCONSTITUTIONAL KIRIT S. SANGHVI, CA As per the news item the Honourable Delhi High Court has struck down the provisions of service tax in relation to renting of immovable property for use in the course of furtherance of business ..
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