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Lawyersclubindia News


FI heads desire end to tax irritants

   06 June 2009 at 12:40

Financial services players on Friday made a strong pitch for measures to promote investment in the forthcoming budget, central to which they said is the rationalisation of taxes by doing away with fringe benefit tax (FBT) and secur ..

Posted in Taxation |   430 Views


Credit growth out of sync with sectoral buoyancy

   06 June 2009 at 12:34

Even though rising car sales, increased cement demand and buoyant stock market may be seen as the first signs of green shoots in the country, lending by banks seems to be lagging this growth. Loan disbursals have dipped by Rs 16,30 ..

Posted in Corporate Law |   487 Views


Vienna gurdwara attack: Detained suspect released

   06 June 2009 at 12:32

One of the six suspects, detained in connection with the attack on two visiting Indian Sikh preachers in Vienna last month, has been released due to lack of evidence."The man has been released because there has not been enough evidence against h ..

Posted in Criminal Law |   318 Views


FIs seek investment in infra, farm sectors

   06 June 2009 at 11:57

Financial institutions on Friday asked for more measures to increase investment in infrastructure and agriculture to spur growth in the economy, in addition to tax breaks.Finance minister Pranab Mukherjee held an extensive pre-budget meeting with fi ..

Posted in Corporate Law |   288 Views


FI HEADS DESIRE END TO TAX IRRITANTS

   06 June 2009 at 11:55

Financial services players on Friday made a strong pitch for measures to promote investment in the forthcoming budget, central to which they said is the rationalisation of taxes by doing away with fringe benefit tax (FBT) and securities transaction t ..

Posted in Taxation |   74 Views


FOOD PROCESSING UNITS MAY BE SERVED TAX HOLIDAYS

   06 June 2009 at 11:54

Fiscal benefits such as tax holidays are on the menu for the food processing sector, said Mr Subodh Kant Sahay, Union Minister for Food Processing Industries, at a press conference here on Friday. This was after the Minister met industry leaders earl ..

Posted in Taxation |   266 Views


TAX BREAK FOR TOYOTA SMALL CAR PROJECT

   06 June 2009 at 11:53

The Karnataka Government, on Friday, extended tax concessions of up to Rs 80 crore for a three-year period to Toyota Kirloskar, which is expanding its manufacturing facility at Bidadi on the city’s outskirts. Toyota Kirloskar, as part of its ex ..

Posted in Taxation |   300 Views


CBDT GOES OVERBOARD ON TDS!

   06 June 2009 at 10:27

CBDT GOES OVERBOARD ON TDS!Timely Filing Of Income-tax Returns For FY 2008-09Seriously Jeopardized By New Circular On Claiming Tax CreditMukesh M. Patel It seems that the Indian taxpayers can never breathe it easy! Just about the time wh ..

Posted in Taxation |   767 Views


MCA may seek quarterly financial reports of cos from Sebi

   06 June 2009 at 10:15

The Corporate Affairs Ministry may seek quarterly financial statements of companies from market regulator Sebi as part of the exercise to evolve an early warning system to prevent a Satyam-like incident in future.The quarterly reports filed by listed ..

Posted in Corporate Law |   725 Views


NGOs BE TREATED AS INDUSTRIES FOR EMPLOYEE BENEFITS

   05 June 2009 at 23:13

NGOs be treated as industries for employee benefits: Madras HC 1 Jun 2009 CHENNAI: Can a non-governmental organisation (NGO) be labelled as an `industry'? And, will an NGO employee come under the definition of `workman', so that he could avail himsel ..

Posted in Labour & Service Law |   1689 Views