« Top Headlines » Open DEMAT Account in 24 hrs  How To File ITR Online - Step by Step Guide to Efile Income Tax Return, FY 2023-24 (AY 2024-25)  Old or new tax regime for TDS on salary? This post-election 2024 event will impact your tax planning  What Are 5 Heads Of Income Tax?  Income Tax Dept releases interim action plan for FY25 on tax collection, refund approvals   Income Tax Return: 5 lesser-known tax-saving tips from Section 80  Income Tax Return: 5 lesser-known tax-saving tips from Section 80  Why you need not rush to file your ITR immediately  Income tax returns: ITR-1, ITR-2, ITR-4 forms for FY 2023-24 available for e-filing  Section 80DDB tax benefits for specified illnesses: 5 things to know  Income tax slabs FY 2024-25: Five tips to help taxpayers decide between old and new income tax regimes  ITR-1, ITR-2, ITR-4 forms for FY 2023-24 (AY 2024-25) available now on e-filing income tax portal «  Not a minor mistake... Got an extra PAN card? Now get an I-T letter... » Merger: UWB board to meet again on Sept 26 September, 23rd 2006 Committee set up for taxation and accounting procedure issues The board of United Western Bank (UWB), which met on Friday to consider the draft scheme of merger with IDBI, has decided to meet again on September 26. A bank official said the board has discussed the details of draft scheme including the Rs 28 per share offered to shareholders. "We have decided to take up the matter for discussion again next week," the official said. Sicom Ltd, the single largest shareholder in UWB, will also hold a board meeting on Saturday to discuss the price of Rs 28 per share, which IDBI has been asked to pay to all shareholders, said Mr R.M. Premkumar, Chairman, Sicom. Committee formed UWB has also set up a committee to list certain issues relating to taxation and accounting procedure, which will be conveyed to the Reserve Bank of India. The board of IDBI Ltd, which met on September 21, also considered the provisions of the draft scheme of amalgamation. The board has approved of the proposal. RBI has set the last date for accepting the scheme on September 27. On September 12, RBI announced the amalgamation of UWB with IDBI. UWB was placed under a moratorium on September 2. RBI had received 17 bids from public sector banks, private banks, foreign banks and co-operative banks for UWB. The Maharashtra Government,along with Sicom, had submitted a proposal for restructuring the bank. Earlier this week, a group of depositors of UWB filed a petition in the Bombay High Court challenging RBI's decision to place the bank under moratorium. The court has asked RBI to file its affidavit on September 27. In 2005-06, the net loss of UWB was Rs 106.48 crore and Rs 6.08 crore for the quarter ended June 30.