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ICAI Online CPT Examination - A Milestone Press Release

   19 May 2009 at 10:47

ICAI Online CPT Examination - A Milestone Online CPT examination became a reality this year for aspiring CA students. Under the system, they had questions that test their knowledge and intelligence, appearing on computer screens at the click of a mou ..

Posted in Students |   663 Views


DEDUCTIBILITY OF INCOME-TAX FROM GRATUITY PAYMENT

   19 May 2009 at 10:30

HIGH COURT OF KARNATAKANorth West Karnataka Road Transport Corporationv.Deputy Labour CommissionerWrit Petition No. 5759 of 2006February 25, 2008 RELEVANT EXTRACTS : ** ** ** ** ..

Posted in Taxation |   184 Views


SECTION 86(1A) OF THE FINANCE ACT, 1994

   19 May 2009 at 10:30

In exercise of the powers conferred by sub-section(1A) of section 86 of the Finance Act, 1994(32 of 1994), the Central Board of Excise and Customs hereby makes the following further amendments in the notification of the Government of India, Ministry ..

Posted in Taxation |   208 Views


Dumping duty on colour TV picture tubes from 4 countries

   19 May 2009 at 10:26

The Finance Ministry has slapped definitive anti-dumping duty on colour television picture tubes imported from Malaysia, Thailand, China and South Korea.The levy of anti-dumping duty is likely to lead to higher input cost for manufacture of colour te ..

Posted in Corporate Law |   151 Views


Practicing Company Secretaries to Issue Diligence Reports

   19 May 2009 at 10:25

The Reserve Bank of India has empowered practicing company secretaries to issue Diligence Reports to scheduled commercial banks which will confirm the mandatory compliance with all statutory and contractual obligations by companies availing multiple ..

Posted in Corporate Law |   511 Views


MP HC to observe vacation from May 18

   18 May 2009 at 13:35

The Madhya Pradesh High Court will observe a month-long summer vacation from May 18.According to Registry source, Chief Justice Anang Kumar Patnaik has consented to cut down the summer vacation by seven days.The summer vacation at the principal seat ..

Posted in Others |   466 Views


SC imposes Rs 10 lakh on Karnataka land case

   18 May 2009 at 13:33

Coming down heavily on public servants who collude with unscrupulous elements to defraud the state exchequer of huge amounts by deliberately delaying appeals in superior courts, the Supreme Court has imposed an exemplary cost of Rs 10 lakh on State o ..

Posted in Civil Law |   381 Views


SC: Constitution bench to take up relaxation in general category

   18 May 2009 at 13:31

A three-judge bench of the Supreme Court has referred to a five-judge Constitution bench the issue whether the candidates selected from the general category can be allowed to be considered from the reserved categories of OBCs/SC/ST at the time of ser ..

Posted in Constitutional Law |   239 Views


NEW GOVT MAY MAKE CHANGES IN FII CALCULATION NORMS

   18 May 2009 at 11:55

One of the big challenges facing the new government will be to reconsider the norms it announced earlier this year for computing foreign ownership, an issue on which it has drawn criticism. The guidelines, announced in February, said that investment ..

Posted in Corporate Law |   223 Views


GOVT MUST PROPOSE NEW COMPANY LAW

   18 May 2009 at 11:55

The Rs 7,000-crore Satyam scam, the biggest fraud in Indian corporate history, exposed the archaic nature of the country’s company laws, and posed questions about the prevalent auditing norms. The new government will have to learn its lessons f ..

Posted in Corporate Law |   235 Views