The Union cabinet's decision to raise the tax-free gratuity limit from Rs 3.5 lakh to Rs 10 lakh is likely to become a tool for companies to retain employees.

The tax will come from vehicles plying on a 5,434 km stretch, Road Transport and Highways Minister Kamal Nath said.

The new tax code, in the long run, proposes to move from an exemption-based tax incentive system to an investment-based one.

Calling the annual Budget a circus has some justification.

The depreciation rates should also be indicative and not prescriptive as is the case now, Mr Amarjit Chopra, President of Institute of Chartered Accountants of India (ICAI), has said.

The FM said in his Budget speech that the new direct taxes law could be rolled out from April 1, 2011.

The Reserve Bank of India’s Reference Rate on March 10, 2010

for the US Dollar is Rs. 45.41

for Euro is Rs. 61.75

The corresponding rates for the previous day (March 9, 2010) were Rs. 45.54 and Rs. 62.01 respectively.

These rules may be called the Companies (Central Government's) General Rules and Forms (Amendment), 20 10.

These rules may be called the Companies (Central Government's) General Rules and Forms (Second Amendment), 20 10.

Before due date simply refers and means that not after the expiry of due date; if the requisite act is done before the last day expires then it will be simply said that before due date.

On the given facts, the High Court has held that payments received by non-resident for providing sponsorship benefits to Indian company is not liable to tax in India.

In the interim, NBFCs that want to convert themselves to LLP firms will have to obtain a no-objection certificate from the central bank.

According to a survey by leading consultancy firm Tower Watson, half of the Indian companies now provide gratuity purely in line with the Payment of Gratuity Act, 1972 - that is a maximum of Rs 350,000 per employee.

"By bringing housing under the service tax net, the government has given a clear signal that we have to increase prices. In addition, input costs will also go up due to the increase in excise duty on cement," DLF executive director Rajeev Talwar said.

Many articles and the FM have said that this is a very positive thing. But how can the same thing be positive for every individual. If not negative it should at least be neutral for many.

"Total number of pending refund returns (up to January 2010 is 49 lakh. The statutory time limit to process the return and issue refund in financial year 2009-10 is March, 31, 2011," minister of state for finance SS Palanimanickam informed the Rajya Sabha in a written reply.

"The proposed GST is likely to remove cascading of taxes and thus likely to reduce cost of most goods," Minister of State for Finance S. S. Palanimanickam told the Rajya Sabha in a written reply.

The Wipro staffer (who reportedly committed suicide later) from the company's corporate accounts division stole $4 million (Rs 18 crore) from the company's bank account by accessing a colleague's password.

“Fresh investment announcement have begun across sectors and further increase in interest rates will only hamper economic growth,” Mr Mittal said.

Not only did the FM Pranab Mukherjee sound cautiously optimistic about April 2011 rollout, there was very little in form of explicit steps in that direction other than alignment of rates for goods and services as well as expansion of the ambit of service tax.

The Export Rules prescribe the conditions to determine when a service qualifies as exports. Initially they provided for two conditions to determine whether a service qualifies as exports.

The Empowered Committee of State Finance Ministers is set to demand a compensation of Rs 1-lakh crore to adopt the GST, which is seen as the biggest ever tax reform in the nation.

"The huge amount of pending tax arrears not under dispute is certainly a matter of concern and one of the issues we will address soon. We will sit together with both the direct and indirect tax officials and local officials in Mumbai to find a solution," Revenue Secretary Sunil Mitra told.

Top bank and insurance company officials said that the government had individually asked all the pubic sector undertakings in the financial sector to make more payments this year.

By doing so, the apex court has raised the broader issues of conflict of interest and of whether judges can judge themselves.

A lot of capacity building is still required ...If we notify it today, you know we are not ready because after we notify it a lot of people will come, it will become a very major problem." Corporate Affairs Minister told.

The Reserve Bank of India’s Reference Rate on March 09, 2010

for the US Dollar is Rs. 45.54

for Euro is Rs. 62.01

The corresponding rates for the previous day (March 8, 2010) were Rs. 45.43 and Rs. 62.12 respectively.

Specific criteria have been adopted by CMC for identification of such vanishing companies.

The Government has informed Lok Sabha that the successor in interest to the Satyam Computer Services Ltd. brought to the notice of SEBI that SEC of the United States of America, vide its letter dated September 17, 2009 offered it the opportunity to make a Wells Submission to a notice from the Commission for action against the company.