Finally China Acknowledged the Bubble |Tax Guru 
For so many months all economist and equity and financial research analysts across the world have been trying hard to accentuate the eyes of the world economy that china is building a asset bubble fuelled by excess over capacity. Now fi
d-the-bubble.html
UCBs – Prevention of Money-laundering – Amendment Rules, 2009 – Obligation of banks / Financial institutions | Tax Guru
UCBs – Prevention of Money-laundering (Maintenance of Records of the Nature and Value of Transactions, the Procedure and Manner of Maintaining and Time for Furnishing Information and Verification and Maintenance of Records of the Identity of the Clie...
dering-amendment-rules-2009-obligation-of-banks-financi
al-institutions.html
Interest rate on home loans may remain unchanged |Tax Guru : Complete Tax Solution
Interest rates may remain soft even if the central bank were to withdraw its accommodating stance and tighten monetary policy, which will be reviewed on Friday. The good news for home loan borrowers is that retail loans are the only form of credit sh...
ay-remain-unchanged.html
RBI notification regarding maintenance of CRR/SLR |Tax Guru : Complete Tax Solution
RBI/2009-10/289RPCD.CO.RRB.BC.No.48 /03.05.50 /2009-10 Dated:January 18, 2010Computation of Net Demand and Time Liabilities (NDTL) for the purpose of Maintenance of CRR/SLRIt has been observed that the Regional Rural Banks (RRBs) are not following a ...
intenance-of-crrslr.html
Mobile Banking Transactions in India – Operative Guidelines for Banks |Tax Guru : Complete Tax Solution
RBI/2009-10/ 273DPSS.CO.No.1357/ 02.23.02/ 2009-10 December 24, 2009A reference is invited to the guidelines appended to our circular no. RBI/2008-09/ 208, DPSS.CO.No.619 /02.23.02/ 2008-09 dated October 08, 2008, on the captioned
n-india-operative-guidelines-for-banks.html
Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) Section 24- Investment in Government and other approved securities by Urban Co-operative Banks (UCBs) |Tax Guru : Complete Tax Solution
RBI/2009-10/ 262UBD (PCB) BPD Cir No. 34 /16.26.000/2009- 10 December 17, 2009Please refer to our circulars UBD.BR.Cir.19/ 16.26.00/ 2001-02 dated October 22, 2001 and UBD(PCB) CO BPD Cir No:28/16.26. 00/2008-09 dated November 26, 2008 on the caption...
s-applicable-to-co-operative-societies-section-24-inves
tment-in-government-and-other-approved-securities-by-ur
ban-co-operative-banks-ucbs.html
Write back of provision of bad debts, not previously allowed as deduction, is not taxable |Tax Guru : Complete Tax Solution
The taxpayer was a banking company. In the current appeal, the Revenue’s grievance was that the CIT(A) had erred in directing that the written back ”provision of bad-debts” was not taxable as ”business income” especially when a deduction of a sum w...
f-provision-of-bad-debts-not-previously-allowed-as-dedu
ction-is-not-taxable.html
Indian banks do not have much exposure to Dubai World : RBI |Tax Guru : Complete Tax Solution
The Reserve Bank today said the domestic banks do not have much exposure to the debt-ridden Dubai World and hence their balance sheets will not be materially affected from the crisis. In the larger context, the rating agency Moody’s also today said t...
-exposure-to-dubai-world-rbi.html
Provisioning Coverage for Advances – Second Quarter Review of Monetary Policy for the Year 2009-10 |Tax Guru : Complete Tax Solution
Second Quarter Review of Monetary Policy for the Year 2009-10 –Provisioning Coverage for AdvancesPlease refer to paragraph 159 of the Second Quarter Review of the Monetary Policy for the year 2009-10 issued on October 27, 2009 (copy of the paragraph ...
ances-second-quarter-review-of-monetary-policy-for-the-
year-2009-10.html
RBI circular on combating Financing of Terrorism – Obligation of Banks under PMLA, 2002 |Tax Guru : Complete Tax Solution
The Prevention of Money Laundering (Amendment) Act, 2009 (No. 21 of 2009) has come into force with effect from June 01, 2009 as notified by the Government. In terms of Sub-Section 2 (a) of Section 12 of The Prevention of Money Laundering (Amendment) ...
ancing-of-terrorism-–-obligation-of-banks-under-pmla-20
02.html
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5
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APPEAL
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assets
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bubble
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commercial
Commission
Companies
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Evasion
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