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ICAI Mangalore chapter plans contests on India's financials  By CA Atul Gupta The Mangalore chapter of the Institute of Chartered Accountants of India (ICAI) has launched a programme to impart knowledge in awakening the citizens about the financials of India.
| ICAI proposes increased disclosure by listed cos By CA Manu T George Accounting authorities are considering a proposal that will ask listed companies to disclose the extent of their holdings in risky regions or in volatile financial instruments,
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| ICAI-Results of the Chartered Accountants Professional Competence and Integrated Professional Competence Examinations held in November, 2011 are likely to be declared tentatively on Thursday, the 9th February, 2012 By CA Devender Singh ICAI-Results of the Chartered Accountants Professional Competence and Integrated Professional Competence Examinations held in November, 2011 are likely to be declared tentatively on Thursday, the 9th February, 2012
| ICAI panel on black money to submit report in a fortnight By CA Nilesh Sahu The Institute of Chartered Accountants of India has said a committee constituted to suggest ways to check and bring back black money stashed
| CA Institute finds Satyam auditor guilty of misconduct By CA Nilesh Sahu The CA Institute's disciplinary committee has concluded that Mr Srinivas Talluri, Price Waterhouse auditor of scam-tainted Satyam Computer Services,
| ICAI-On-line Submission of Application for Verification of Answer Books By CA Ojas Aggarwal Candidates of November 2011 CA examinations Final, IPCE and PCE can submit their application for verification of answer books and also make payment of verification fees, on-line at http://icaiexam.icai.org.
| ICAI-List of Applications received by the Examination Department for supply of Certified Copies/Inspection of Answer Books of November,2011,CA Final Examination. By CA Manu T George ICAI-List of Applications received by the Examination Department for supply of Certified Copies/Inspection of Answer Books of November,2011,CA Final Examination.
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| | Continuing Prof. Edu. RSS Feeds |
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Income Tax Appeals  By CA Mayank Jain Place: Riverside Club Mayur Vihar
Date: 5th Feb, 2012
CPE.Hrs.: 3
| National Seminar on Paradigm Shift in the CA Profession By CA Ojas Aggarwal Place: Maharana Pratap Auditorium, Vidhashram School, Jaipur.
Date: 5th Feb, 2012
CPE.Hrs.: 6
| Provisions under Wealth Tax Act and Taxation of Gifts under Direct Tax Law By CA Nilesh Sahu Place: N.M. College of Commerce and Economics, N. S. Road No.1, Vile Parle (West), Mumbai 400056
Date: 5th Feb, 2012
CPE.Hrs.: 3
| Issues Under Service Tax By CA Rashmi Sharma Place: HK College Auditorium, Opp Handloom House, Ashram Road,Ahmedabad
Date: 7th Feb, 2012
CPE.Hrs.: 3
| SEMINAR ON INCOME TAX By CA Andrew F Thomas Place: Celebration Banquet, Ring Road, Shalimar Bagh, Delhi
Date: 4th Feb, 2012
CPE.Hrs.: 4
| CPE Seminar on Bank Audit By CA Devender Singh Place: ICAI BHAWAN,ICAI SALAI,4/26G/2,AATHIPARASAKTHI NAGAR,TUTICORIN-2.
Date: 3rd Feb, 2012
CPE.Hrs.: 5
| Seminar on Direct and Indirect Taxation By CA S K Verma Place: Hotel Raddison Blu, Paschim Vihar, Delhi
Date: 4th Feb, 2012
CPE.Hrs.: 6
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| | Markets RSS Feeds |
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If markets don't work for everyone, we will be compromising the trajectory of India's growth: Ramesh Ramanathan, Chairman of Janalakshmi Social Services By CA Rashmi Sharma Aformer investment banker who gave up a high-profile job at Citibank to return to India and work in the social sector,
| Markets need to prove that present rally is different By CA Manu T George The more relevant question is that in the last one year each time the market rallied 8% from the lows,
| Markets witness firm trades By CA Rashmi Sharma The Indian markets opened on a firm note tracking positive global cues. The BSE Sensex is at 16,620, up 168 points and the Nifty is at 5,003, up 47 points.
| Markets trading mixed, TCS tumbles post Q2 nos By CA Rashmi Sharma Markets continue to hover around the tight range with Indices making wild swings between negative and positive zone.
| Opening Bell 17 January | Asian markets trade higher By CA Rashmi Sharma A successful French debt auction has helped ignite investor sentiment. European markets ended marginally higher as investors shrugged off Friday’s news of Standard & Poor’s
| Markets continue to maintain momentum By CA Andrew F Thomas Markets continue to maintain momentum in early trades tracking firm Asian cues. China's gross domestic product for the Oct-Dec quarter,
| Markets tad down after S&P downgrade in Europe By CA Manu T George The Indian markets were trading marginally lower in opening trades today, weighed down by S&P’s downgrade of nine European economies on Friday,
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| | Corporate Law RSS Feeds |
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Workshop on Capacity Building of Practitioners & CA Firms By CA S K Verma Place: ICAI Bhawan, Vishnu Vihar, Opp. Surendra Nagar, Jansath Road, Muzaffarnagar (U.P.)
Date: 5th Feb, 2012
CPE.Hrs.: 4
| INCOME TAX APPELLATE TRIBUNAL CHENNAI BENCHES CHENNAI Revised Constition for the week from 01/11/2011 to 03/11/2011 By CA Manu T George INCOME TAX APPELLATE TRIBUNAL CHENNAI BENCHES CHENNAI Revised Constition for the week from 01/11/2011 to 03/11/2011
| Monthly Digest of imp case law (Sept 11) By CA Rashmi Sharma A person makes investment in agricultural land within limits of town panchayats, and agricultural income was shown and declared year after year. Permission was sought to develop lands.
| Show me a problem, I will write you a law By CA Nilesh Sahu Whether one can legitimately conduct “due diligence” into the affairs of an Indian listed company before making a substantial investment in its securities has remained a subject matter of speculation for nearly two decades now.
| Make law books error-free: Court By CA Devender Singh Fed up with the numerous errors in various law books that are available in the market, the judiciary has itself come forward to correct them.
| Investing in India - a guide to tax laws in India By CA S K Verma The Indian economy has been one of the world’s fastest growing economies in recent years, witnessing annual growth of above eight percent for the previous 12 quarters with a Gross Domestic Product of over UDS1 trillion.
| Limited Liability Partnership Rules, 2009 (Amendment) Rules, 2011. By CA Rashmi Sharma Limited Liability Partnership Rules, 2009 (Amendment) Rules, 2011.
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ICAI-List of Applications for supply of Certified Copies/Inspection of Answer Books of November, 2011, CA Final Examination received by the Examination Department. By CA Ojas Aggarwal ICAI-List of Applications for supply of Certified Copies/Inspection of Answer Books of November, 2011, CA Final Examination received by the Examination Department.
| ICAI-Extension of date for registration for Integrated Professional Competence Course (IPCC) By CA Ojas Aggarwal In order to mitigate the hardship being faced by the students in registering for Integrated Professional Competence Course (IPCC),
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| ICAI-FAQs on Submission of On-line Applications for Verification of Answer Books By CA Atul Gupta ICAI-FAQs on Submission of On-line Applications for Verification of Answer Books
| ICAI-Announcement regarding Statutory Auditor’s Reporting Responsibilities in respect of Depositing of Cess pursuant to Clause 4(ix)(a) of the Companies (Auditor’s Report) Order, 2003 and Section 227(3)(g) of the Companies Act, 1956. By CA Ojas Aggarwal ICAI-Announcement regarding Statutory Auditor’s Reporting Responsibilities in respect of Depositing of Cess pursuant to Clause 4(ix)(a) of the Companies (Auditor’s Report) Order, 2003 and Section 227(3)(g) of the Companies Act, 1956.
| ICAI enters into an arrangement with TAXMANN to provide the contents of its website only at Rs.3500/- to the members of ICAI By CA Manu T George As an ongoing attempt to enable the members to keep pace with the latest developments in direct taxes,
| ICAI-CCBCAF & SMP Initiative for arranging the Health Insurance Scheme for Members & Students of ICAI By CA Andrew F Thomas The Committee for Capacity Building of CA Firms and Small & Medium Practitioners ( CCBCAF & SMP),
| ICAI-Resumption of SAP Course Facilitated by Committee on Information Technology, ICAI By CA Ojas Aggarwal ICAI-Resumption of SAP Course Facilitated by Committee on Information Technology, ICAI
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| | Auditing RSS Feeds |
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Auditor disowns Prithvi Information report; refuses to sign accounts By CA Rashmi Sharma The auditor of the Hyderabad based software outsourcer Prithvi Information Solutions (PISL) have refused to sign the financial accounts of the company for 2010-11.
| ‘Our objectivity critical to media audit' By CA Devender Singh Audit and advisory company Spatial Access Media Solutions recently launched a new logo and restructured its services under three SBUs (strategic business units).
| HC wants all audit records on NRHM funds By CA Rashmi Sharma The Lucknow bench of the Allahabad High Court on Thursday summoned all audit reports pertaining to utilisation of NRHM funds in UP, prepared by the state and central teams.
| Social audit committee for multiple institutions in Lokpal By CA Atul Gupta A slew of measures involving multiple institutions rather than one institution for doing everything for everyone is the Suchna Evum Rozgar Ka Adhikar Abhiyan's mantra for a stronger Lokpal bill.
| Audit firms may also face action in Satyam-like cases By CA Andrew F Thomas New Companies Bill to propose equal responsibility of auditors, firms. Unlike in the multi-crore Satyam fraud, audit firms will not be able to wash their hands of corporate scams perpetrated by companies in connivance with their partner auditors.
| Audit report: Funds diverted in dargah By CA Mayank Jain The 2009 audit report has blamed a few members of dargah committee in Ajmer of allegedly misusing donors' fund. The committee comprising nine members, including the president appointed by the Union ministry of minority affairs
| CAG to go public with audit reports: Flagship schemes By CA Manu T George Prime Minister Manmohan Singh may not be happy with the way the apex auditor of the country, Comptroller and Auditor General (CAG) of India, goes public with its findings, but the office of the CAG is bracing up for more public interactions in the coming days.
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| | Latest Circulars RSS Feeds |
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RBI-Inclusion in the Second Schedule to the Reserve Bank of India Act, 1934 Industrial and Commercial Bank of China Limited  By CA Mayank Jain We advise that the name of "Industrial and Commercial Bank of China Limited” has been included in the Second Schedule to the Reserve Bank of India Act, 1934
| RBI-Unhedged Foreign Currency Exposure of Corporates By CA Mayank Jain Please refer to paragraphs 102 and 103 of the Second Quarter Review of Monetary Policy 2011-12 (extract enclosed) on ‘Monitoring of Unhedged Foreign Currency Exposure of Corporates by Banks’.
| FINANCE MINISTER ASKS CUSTOMS ADMINISTRATION TO FUNCTION ON PRINCIPLES OF TRANSPARENCY, PREDICTABILITY, STRONG LEGAL ROCESSES AND PRODUCTIVE USE OF IT TO SERVE STAKEHOLDERS EFFICIENTLY AND TO ENHANCE COMPETITIVENESS OF INDIAN BUSINES By CA Manu T George FINANCE MINISTER ASKS CUSTOMS ADMINISTRATION TO FUNCTION ON PRINCIPLES OF TRANSPARENCY, PREDICTABILITY, STRONG LEGAL ROCESSES AND PRODUCTIVE USE OF IT TO SERVE STAKEHOLDERS EFFICIENTLY AND TO ENHANCE COMPETITIVENESS OF INDIAN BUSINES
| Regarding classification of Fused Silica under Customs Tariff Act, 1975 By CA Atul Gupta References have been received in the Board from field formations regarding divergent practices being followed in respect of classification
| Appointment of Common Adjudicating Authority Notification No. 15/2002 Customs By CA Mayank Jain In exercise of the powers conferred under the Notification No. 15/2002-Customs (N.T.) dated 7/03/2002 (as amended) issued under sub-section
| RBI-Implementation of Section 51-A of UAPA, 1967 - Updates of UNSCR 1267 (1999) and 1989 (2011) Committee's Al-Qaida Sanctions List By CA Atul Gupta circular RPCD.CO.RCB.AML.No.6764/07.02.12/2011-12 dated January 06, 2012 andRPCD.CO.RRB.AML.No.6723/03.05.28(A)/2011-12 dated January 5, 2012.
| Regarding implementation of the pneumatic tyres and tubes for Automotive Vehicles (Quality Control) Order, 2009 By CA Andrew F Thomas Regarding implementation of the pneumatic tyres and tubes for Automotive Vehicles (Quality Control) Order, 2009
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Ahmedabad Benches - Constitution from 06 - 16 Feb 2012.  By CA Manu T George Ahmedabad Benches - Constitution from 06 - 16 Feb 2012.
| INCOMETAX APPELLATE TRIBUNAL,NEW DELHI Consitution of Benches from 06-02-2012 to 09-02-2012  By CA Rashmi Sharma INCOMETAX APPELLATE TRIBUNAL,NEW DELHI Consitution of Benches from 06-02-2012 to 09-02-2012
| INCOMETAX APPELLATE TRIBUNAL,BANGALORE BENCHES:BANGALOR Consitution for th eweek from 06-02-2012 to 09-02-2012  By CA Andrew F Thomas INCOMETAX APPELLATE TRIBUNAL,BANGALORE BENCHES:BANGALOR Consitution for th eweek from 06-02-2012 to 09-02-2012
| Kodiak Networks (India) Pvt Ltd vs. ACIT (ITAT Bangalore) By CA Manu T George In a transfer pricing appeal, the Tribunal had to consider two issues: (a) what is the data to be considered by the TPO at the time of determining ALP?
| Section 40(a)(ia) of the Income-tax Act, 1961 - Business disallowance - Interest etc., payable outside India. By CA S K Verma Section 40(a)(ia) of the Income-tax Act, 1961 - Business disallowance - Interest etc., payable outside India.
| Section 80-IB of the Income-tax Act, 1961 - Deductions - Profits and gains from industrial undertakings other than infrastructure By CA Ojas Aggarwal Section 80-IB of the Income-tax Act, 1961 - Deductions - Profits and gains from industrial undertakings other than infrastructure
| INCOME TAX APPELLATE TRIBUNAL,MUMBAI BENCHES,MUMBAI STATEMENT SHOWING THE LIST OF THIRD MEMBER CASES CASES PENDING AS ON 06.01.2012 By CA Atul Gupta INCOME TAX APPELLATE TRIBUNAL,MUMBAI BENCHES,MUMBAI STATEMENT SHOWING THE LIST OF THIRD MEMBER CASES CASES PENDING AS ON 06.01.2012
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| | Placements & Empanelment RSS Feeds |
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210 Opening Analyst TAX  By CA Manu T George Salary:INR 3,75,000 - 4,75,000 P.A Industry: Accounting, FinanceEducation:(UG - Maths, Statistics) AND (PG - MBA/PGDM - Finance
| 10 Opening Finance and Accounts payable By CA Atul Gupta Salary:INR 1,75,000 - 3,00,000 P.A. Industry: Accounting, Finance Education:(UG - Graduation Not Required) OR (PG - Any PG Course - Any Specialization)
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| 5 Opening Accountant Assistant By CA Mayank Jain Salary:INR 90,000 - 1,50,000 P.A Industry: Accounting, Finance Education:(UG - Any Graduate - Any Specialization, Graduation Not Required, B.Com) AND (PG - Any PG Course
| 12 Opening Chartered Accountant freshers required By CA Mayank Jain Location: Gurgaon Industry: Accounting, Finance Education:(UG - Any Graduate) AND (PG - CA)
| 24 Opening Accounts / finance Executive and Managers By CA Nilesh Sahu Salary:INR 50,000 - 2,00,000 P.A Functional Area: Accounts, Finance, Tax, CS, Audit Education:(UG - Any Graduate - Any Specialization, Graduation Not Required) AND (PG - Any PG Course - Any Specialization,
| 8 Opening CA FRESHER (Internal Auditor) By CA Andrew F Thomas Salary:INR 4,50,000 - 6,00,000 P.A Functional Area: Accounts, Finance, Tax, CS, Audit Education:(UG - Any Graduate) AND (PG - CA)
| 200 Opening Accounts Transaction Processing,accounts executive,invoice processing. By CA Manu T George Industry: Accounting, Finance Education:(UG - Any Graduate - Any Specialization) AND (PG - Post Graduation Not Required)
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| | Customs and Excise RSS Feeds |
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Customs department turns 50  By CA S K Verma The Customs Department is all set to surpass its last year’s revenue of Rs 4,410 crore as it has already earned Rs 3,588 crore this year.
| Globally networked customs, need of the hour By CA S K Verma A globally networked customs can help in trade facilitation and enforcement. The trade mispricing accounted for an average of 54.7% of cumulative illicit flows from developing countries.
| 'Not regulators, customs officials are facilitators' By CA Ojas Aggarwal Union finance minister Pranab Mukherjee has exhorted customs officers to remain more vigilant against the smuggling of drugs,
| Customs nab 4 T.N. residents, seize 124 kg of peacock feathers By CA Atul Gupta The Air Intelligence Unit of the Customs at the Netaji Subhas Chandra Bose International Airport intercepted 124 kg of peacock tail feathers and arrested four Kuala Lumpur-bound passengers from a Thai Airways flight.
| Customs cop held over dowry demands By CA Manu T George The Delhi police on Monday arrested the inspector of the central customs and excise department, Pune, Sanjeev Dahiya (30) of Koregaon Park, for allegedly subjecting his wife Reena to cruelty over dowry demands.
| Exempt coal imports from customs duty: Assocham By CA Nilesh Sahu Industry body Assocham on Saturday sought exemption from basic customs duty and countervailing duty for thermal or steam coal which increase power tariff by 25 paise a unit.
| Six fall in cheap foreign holiday net, held at airport for smuggling By CA Devender Singh Five-days and four-night tour to Thailand and Hong Kong, complete with all expenses paid and even some freebies like massage at Pataya thrown in,
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| | Mergers and Acquisitions RSS Feeds |
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AI pilots warn of strike as HR panel studies foreign mergers By CA Rashmi Sharma Flag carrier Air India’s key pilot union has warned of industrial action as a deadline approaches next week for the start of a human resource integration process.
| Electronics giant Olympus hid investing losses in big merger payouts By CA Andrew F Thomas Olympus said Tuesday that more than $1 billion in merger payouts were used to hide years of losses on investments, an acknowledgment that is an abrupt about-face for the company,
| ONGC may invite Cairn, Vedanta to sign pact By CA Manu T George State-owned Oil & Natural Gas Corp (ONGC) may this week invite Cairn India and Vedanta Resources for signing of an agreement on sharing of statutory levies on the all important Rajasthan oilfields.
| Merger bankers seek action as economies sink By CA Nilesh Sahu Mergers and acquisitions slowed significantly in the third quarter, stymied by economic uncertainty that stifled the confidence and growth horizons of corporate executives, according to Wall Street dealmakers.
| Coal India awaiting govt nod for overseas acquisitions By CA Atul Gupta Coal India, the world's largest coal miner, is in talks for one acquisition each in Indonesia, Australia and the United States, its chairman said on Monday, adding it would only proceed after getting the green signal from the government.
| Global merger and acquisition seen rising, but at slower pace By CA Ojas Aggarwal Shadows are beginning to fall over the pitch books of merger and acquisition bankers. Announced M&A deals declined in this year's second quarter from the previous three months, casting gloom on hopes of a reviving world economy that will prompt executives to put their cash-rich balance sheets to work.
| India to liberalise M&A norms By CA Manu T George India will further liberalise norms to facilitate mergers and acquisitions that have been one of the biggest contributors to the country's industrial expansion, an official said Thursday.
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| | Various Acts & Rules RSS Feeds |
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Customs Tariff 2009-10 - PART-II - Chapter 98 - Project imports, Laboratory chemicals, passenger's baggage By CA Atul Gupta This Chapter is to be taken to apply to all goods which satisfy the conditions prescribed therein, even though they may be covered by a more specific heading elsewhere in this Schedule.
| Customs Tariff 2009-10 - PART-II - Chapter 97 - Works of art, collectors' pieces and antiques By CA Atul Gupta Unused postage or revenue stamps, postal stationery (stamped paper) or the like of heading 4907
| Customs Tariff 2009-10 - PART-II - Chapter 96 - Miscellaneous manufactured articles By CA Mayank Jain Articles of Chapter 66 (for example, parts of umbrellas or walking-sticks);
| Customs Tariff 2009-10 - PART-II - Chapter 95 - Toys, games and sports requisites; parts and accessories thereof By CA Ojas Aggarwal Toys, games and sports requisites; parts and accessories thereof
| Customs Tariff 2009-10 - PART-II - Chapter 94 - Furniture; bedding, mattresses, mattress supports By CA Atul Gupta Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated signs, illuminated name-plates and the like; prefabricated buildings.
| Customs Tariff 2009-10 - PART-II - Chapter 93 - Arms and ammunition; parts and accessories thereof By CA Nilesh Sahu telescopic sights or other optical devices suitable for use with arms, unless mounted on a firearm or presented with the firearm on which they are designed to be mounted (Chapter 90);
| Customs Tariff 2009-10 - PART-II - Chapter 92 - Musical instruments; parts and accessories of such articles By CA Devender Singh parts of general use, as defined in Note 2 to Section XV, of base metal (Section XV), or similar goods of plastics (Chapter 39);
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