The Institute of Cost Accountants of India has signed a Memorandum of Understanding (MoU) with Taxmann to provide subsidised publications to cost accountants and other professionals.

The MoU was signed at India International Centre last week. It was signed by M. Gopalakrishnan, President, the Institute of Cost Accountants of India and Amit Bhargava, Director, Taxmann Allied Services Private Limited, in the presence of ICAI vice-president Rakesh Singh, Central Council Members, officials from the Institute and Taxmann, Professionals, and other distinguished professionals.

Gopalakrishnan said tghe MoU would facilitate members in practice and industry to subscribe Taxmann publications at a concessional rate of Rs. 3,600/- per annum as against normal price of Rs. 7500/-.

The MoU is a result of ongoing efforts being taken by the Professional Development Committee towards the capacity building measures for members in practice and industry.

After subscription, the members may be able to access Taxmann web contents relating to 127 years of Direct Tax Laws (1886-2012) covering 42000 judgments of Supreme Court/High courts since 1886, 19000 Orders of ITAT, 10500 Notifications, 2100 Circulars and 6000 Articles, 100 years of Company Law (1913-2012) covering 9800 Judgments/Orders of Supreme Court/ High Courts/ SAT/CLB/CCI/CAT/ATFE on Company Law/Securities Laws/ Foreign Exchange Laws.

The laws covered are company laws, securities laws, foreign exchange laws, competition laws, banking and insurance laws, other corporate laws, 150 Acts, 350 rules, 900 forms, 6000 circulars, 2500 notifications and 2500 articles.

The complete data on Service Tax (1994-2012) covering 5800 judgments of Supreme Court/High Court/CESTAT, Acts, Rules, Circulars, Notifications, Articles etc.

Gopalakrisnan also mentioned that there was a longstanding demand from the members to make available the above mentioned documents on the Institute's website.

Taxmann would make the web contents available online to members through the medium of the internet at their web site www.taxmann.com.

The Taxmann would also provide mobile application- "Top stories at this hour" on case laws, statutes, news on Direct Taxes, Company Law and Service Tax Laws. Taxmann would also send e-News Letter to subscribers covering daily updates on their registered e-mails.