n view of the apprehension raised on the retrospective amendment to section 271 of the Income-tax Act, proposed in the Finance Bill, 2008, empowering the assessing officer to, inter-alia, levy penalty in case of concealment of income, the Ministry of ..
New Delhi , Mar 13 (UNI) The KPMG’s and the McKinsey’s of the world will soon have competition from their Indian counterparts as the government is all set to notify the Limited Liability Partnership Bill, 2006 which will provide greater flexibility t ..
Despite mounting pressure from the Left allies, Government has made it clear that it has no plans to amend the Special Economic Zone Act saying it is "working well".Replying to supplementaries to a host of questions on SEZs in Rajya Sabha, Commerce a ..
Several Indian companies engaged in publishing newspapers and periodicals dealing with news and current affairs have been allowed to bring in Foreign Direct Investment (FDI) subject to the maximum limit of 26% of their paid up equity capital.A large ..
Govt to set up centralised offices for I-T notices, refunds New Delhi, March 1 (PTI) In order to reduce the interface between taxpayers and revenue officials, the government will soon introduce a centralised system for issuing notices and giving t ..
Pushing for reforms, the Economic Survey said inflationary impact of foreign funds flow, a slowdown in the US, an appreciating rupee and sluggish infrastructure sector were major challenges before economy."The new challenge is to maintain growth at t ..
The Supreme Court on Tuesday pulled up the MCD for misleading it on infrastructure development for the commissioning of an ultra-modern abattoir in the Capital, the deadline for which has been extended repeatedly due to a dispute between the civic bo ..
New Delhi, Feb 25 (UNI) The West Bengal government has denied before the Supreme Court all allegations regarding the reported excesses committed by the state administration including police in Nandigram where 14 people were killed in police firing in ..
Market regulator SEBI has said on Wednesday that it would initiate action, including criminal case, against companies that operate Art Funds without its approval.The regulator, in a statement, warned that the launching of Art Funds or schemes without ..
Dr. Ashwani Kumar, Minister of State for Industry, has stated that technology and innovation are identified as two major focus areas for knowledge management and added that while technology provides the hardware and software aspects for managing know ..