STI NEWS;"REFUND APPLICATIONS AT ATMS"plus 2 more

REFUND APPLICATIONS AT ATMS
LIC TO OFFER UID TO 4 CRORE POLICYHOLDERS THIS YEAR
Depreciation Rate of electricity Generation Clarification

Posted: 01 Jun 2011 10:58 AM PDT

AFTER tying up with banks for providing tax deducted at source (TDS) details through internet banking and payment of tax at ATMs (automated teller machines), the income tax department is planning to take the convergence of banking and tax services to the next level. The department plans to give taxpayers the facility of applying for tax refunds and tax credits through ATMs. Taxpayers will...

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LIC TO OFFER UID TO 4 CRORE POLICYHOLDERS THIS YEAR

Posted: 01 Jun 2011 10:54 AM PDT

Unique Identification Authority of India's (UIDAI) plan to offer a unique identification number (UID) to every resident Indian is slated to get a fillip, with the country's largest life insurer — Life Insurance Corporation of India (LIC) — saying it is ready to offer unique identification cards to its policyholders. About a year ago, LIC had signed an agreement with UIDAI to share its database of...

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Depreciation Rate of electricity Generation Clarification

Posted: 01 Jun 2011 10:41 AM PDT

MCA'S CLARIFICATION ON RATES OF DEPRECIATION FOR PURPOSE OF DECLARATION OF DIVIDEND BY COMPANIES REFERRED TO IN SECTION 616(C) OF COMPANIES ACT Section 205, read with section 616 of the Companies Act, 1956 - Dividend - Manner and time of payment of - Depreciation for the purpose of declaration of dividend under section 205 in case of companies referred to in section 616(c) GENERAL CIRCULAR...

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