Share Holding of Credit Rating Agencies As per the information received from Securities and Exchange Board of India (SEBI), at the instance of the High Level Coordination Committee on Financial Markets (HLCCFM) Government had set up a committee to ..
Steps to Check Fudging of Accounts by Companies The Government has said that as and when any instance of wrong doing by any company comes to the notice, action is taken as per provisions of the Companies Act, 1956. In addition, the Ministry of Cor ..
Medical Records not under RTI : Court The Delhi High Court Tuesday ruled that income tax returns and medical records do not fall under the purview of Right To Information (RTI) Act "unless public interest is attached" holding in i ..
RBI proposes free interest rates of export finance As part of a plan for implementation of the base rate system, the Reserve Bank of India (RBI) today said it would free interest rates on certain segments of export finance. Come July, banks will ..
Bad Debt, write off of individual debtor’s a/c is not necessary Vijaya Bank vs. CIT (Supreme Court) For S. 36(1)(vii) Bad Debt, write off of individual debtor’s a/c is not necessary The assessee made a provision for ..
India's accounting regulator has sought the financial statements of the eight Indian Premier League franchises to study if their auditors complied with accounting standards and best practices, joining other government agencies combing through ..
Nobody’s ever tried to find out how much money is at stake in the Supreme Court in the various tax and accounting disputes, a conservative estimate suggests a figure of Rs1 lakh crore. According to a recent government statement, there are 1, ..
Even as income–tax officials continue to unravel the maze of transactions behind the funding of IPL and its franchises, the CBDT has clarified that the tax department was only looking into the “taxation aspects” of the transactio ..
The finance ministry has called for tougher foreign direct investment (FDI) norms in the housing and township sector. It has also proposed stringent monitoring to ensure FDI rules are strictly followed in this “sensitive” sector. The min ..
Continuation of Fast Track Courts Dr.M.Veerappa Moily, Minister of Law and Justice informed the Rajya Sabha in a written reply that the information received from the State Governments/Registries of the High Courts, ..
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