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IMPORTANT ANNOUNCEMENT The result of the Chartered Accountants Final Examination held in May, 2012 and CommonProficiency Test (CPT) held in June, 2012 are likely to be declared on Wednesday, the 18th July, 2012around 2.00 P.M.   and the same as well as the merit list (candidates securin...

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Category : Students Zone | Comments : 0 | Hits : 1775

The Institute of Chartered Accountants of India (ICAI) which is the apex accounting body in the country has hit a major hurdle in the Reebok fraud case due to lack of details reportsCNBC TV 18‘s Ronojoy Banerjee.   Reebok  and its auditing firm Narsimhan & Co refused to sh...

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Category : ICAI | Comments : 0 | Hits : 214

Amid instances of counterfeiting of notes, the Reserve Bank Monday said it is working on launching plastic currency and will soon launch a pilot project for the same.   "Counterfeiting of plastic notes is very difficult. So we are planning to launch some plastic money on a pilot basis in 4-5 ...

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Category : RBI | Comments : 0 | Hits : 244

A Bloomberg report this week said that India has offered amnesty to over 100 wealthy citizens who evaded taxes by hiding money in HSBC accounts in Geneva. An unnamed finance ministry official denied the report to a newspaper, but there may well be a way out for those in the HSBC list who f...

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Category : Income Tax | Comments : 0 | Hits : 183

Veteran Actor Dara Singh died at the age of 84 in Mumbai on Thursday. The 84-year-old had suffered severe brain damage following a cardiac arrest last week.   Dara Singh was shifted home from hospital on Wednesday night as his family wanted his final moments to be spent at home.   The ...

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Category : General | Comments : 0 | Hits : 294

ADVISORY FOR MULTIPURPOSE EMPANELMENT FORM (MEF) FOR THE YEAR 2012-13   1. Last date for submission of applications on the website www.meficai.org is 14th August 2012.   2. Please use Internet Explorer 6.0/ Mozilla Firefox 7.0 or later versions to fill MEF 2012-13. ...

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Category : Auditing | Comments : 0 | Hits : 5525

The Securities Appellate Tribunal (SAT), a quasi judicial body, has directed HSBC Mutual Fundto compensate the losses suffered by some investors in one of its debt schemes. This is the second order by the tribunal in little over a year asking the asset management company to make ...

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Category : Shares & Stock | Comments : 0 | Hits : 215

After struggling for almost four years and fighting court battles that went till theSupreme Court, late on Tuesday MCX Stock Exchange (MCX-SX) got the nod from market regulator Sebi to start operations as a full-fledged stock exchange, offering trading in stocks, futures &am...

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Category : Shares & Stock | Comments : 0 | Hits : 215

All deductors other than Government deductors must file their quarterly TDS statement for the quarter ending 30th June 2012, on or before 15th July 2012 and Government deductors must file their statement on or before 30th July 2012. While submitting their statements, the deductors have to choose cor...

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Category : Income Tax | Comments : 0 | Hits : 391

 Indirect tax collections during the April-June period rose by 13.8 per cent to over Rs 1.07 lakh crore, much slower than the targeted 27 per cent growth for this fiscal."The overall indirect tax figure for April-June 2012 stood at Rs 1,07,959 crore, up 13.8 per cent from corresponding period l...

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Category : Excise | Comments : 0 | Hits : 179

On Tuesday, the government said remittances from abroad will not attract service tax, putting to rest the concerns raised in view of new tax norms. "The matter has been examined and it is clarified that there is no service tax % on the amount of foreign currency remitted to India from overseas,...

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Category : Service Tax | Comments : 0 | Hits : 261

ICSI: Company Secretary Examination Time Table for foundation programme (New Syllabus)- December -2012, under OMR System. Kindly click to see time table...

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Category : ICSI | Comments : 0 | Hits : 984

Examination Time - Table for CS main Exam(December) 2012. Kindly Click to see the Time Table...

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Category : ICSI | Comments : 0 | Hits : 780

Requests for verification/inspection/supply of copies of evaluated answer books of CA exams can be made either through handwritten applications or on-line fromhttp://icaiexam.icai.org and the applicable fees can also be paid on-line, either through VISA/MASTER credit/debit card.To begin...

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Category : Students Zone | Comments : 0 | Hits : 477

Reebok India has refused to provide detailed documents on the alleged Rs 870-crore fraud in the company to the Institute of Chartered Accountants of India (ICAI), for now. The company told the accounting regulator internal investigations on the alleged scam were underway and, therefore, it couldn&rs...

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Category : ICAI | Comments : 0 | Hits : 443

The Ministry of Railways has further streamlined the delivery of tickets under Tatkal Scheme and the new amendment in the scheme will come into effect from tomorrow i.e. 10th July 2012 (Tuesday). Under the new amendment the booking of Tatkal tickets will ...

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Category : Income Tax | Comments : 0 | Hits : 518

The Finance Ministry has rejected telecom operator Vodafone’s rejoinder, seeking an undertaking that a retrospective tax amendment would not apply to it. The Finance Ministry’s reply will now go to the Prime Minister Office for approval. Late in June, Prime Minister Manmohan Singh took...

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Category : Income Tax | Comments : 0 | Hits : 229

Gross Direct Tax collections during April-June of the Financial Year 2012-13 was up by 6.77 percent at Rs. 1,11,182 crore as against Rs. 1,04,135 crore in the same period during the last year. Gross collection of Corporate Taxes showed an increase of 3.48 percent and stood at Rs. 70,594 crore as aga...

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Category : Income Tax | Comments : 0 | Hits : 156

"Mr. Ashok Chawla , Chairperson , Competition Commission of India has been elected unanimously the chair of the 12th session of Intergovernmental Group of Experts (IGE) on Competition law and policy, UNCTAD in Geneva. His name was proposed by the Chairperson of Competition Commission of Pakistan.UNC...

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Category : Corporate Law | Comments : 0 | Hits : 188

A minimum stipend offered to the CA aspirants doing articleship at CA firms will be hiked by 2.5 times to 3 times, president of the Institute of Chartered Accountants of India(ICAI) Jayesh Shah announced.   Talking to newsmen on the sidelines of a conference of CA students, Shah said the amou...

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Category : Students Zone | Comments : 8 | Hits : 4763

The Corporate Affairs Ministry is fine-tuning the provisions of the new Companies Bill over the mandatory rotation of statutory auditors every five years to make them more "practical", MCA Minister Veerappa Moily said on Friday."Not exactly diluted, it is being fine-tuned, working something more pra...

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Category : Corporate Law | Comments : 0 | Hits : 546

The CBDT, responsible for administration of direct taxes, is likely to have a woman as its chairperson after six years. A Finance Ministry official said the name of Poonam Kishore Saxena, a 1974-batch Indian Revenue Services (IRS) officer, has been forwarded to Prime Minister Manmohan Singh for appo...

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Category : Income Tax | Comments : 0 | Hits : 824

Punjab Chief Minister Parkash Singh Badal today asked Prime Minister Manmohan Singh to immediately withdraw any proposal to impose 12.36 per cent tax on remittances from NRIs. In a letter to the Prime Minister, Badal said that it has come to his notice that the Un...

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Category : Service Tax | Comments : 0 | Hits : 243

The Income Tax department, which is at the forefront of cracking down against black money, has been the largest consumer of Suspicious Transaction Reports (STRs) generated by the elite financial intelligence unit, an official data has revealed.The I-T department, with a total of 26,488 STRs in the l...

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Category : Income Tax | Comments : 0 | Hits : 178

Capital market regulator Sebi plans to set up an independent SRO ( Self Regulatory Organisation) for stock exchanges, but wants the day-to-day trading regulations and surveillance actions to remain with bourses themselves.  Under the existing regulatory framework in In...

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Category : SEBI | Comments : 0 | Hits : 161

Soon the popular social networking site Facebook will become a recruiter, as per knowledgeable sources, by launching its own job board after teaming with existing job-posting companies, the sources said.   Citing anonymous sources, media reports said that BranchOut, Jobvite and Work4Labs will...

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Category : International Business | Comments : 0 | Hits : 326

Those aspiring for chartered accountancy (CA) as a career option will no longer have to appear for common proficiency test (CPT) provided they score well in graduation.   The Institute of Chartered Accountants of India (ICAI) has proposed to forgo the CPT exams for commerc...

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Category : Students Zone | Comments : 2 | Hits : 2936

Amid concerns over India's new tax proposals, Mauritius on Friday said domestic legislations should not over-ride the double taxation avoidance treaties between the two countries."Once 'Limitation of Benefit' clause is embedded in the taxation treaties, we expect it to prevail and no domestic legisl...

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Category : Income Tax | Comments : 0 | Hits : 205

The next elections to the Council and the Regional Councils of the Institute ofChartered Accountants of India are scheduled to be held on 7th and 8thDecember,2012 in cities having more than 2500 members and on 8thDecember, 2012 at allother places in terms of the provisions of Rule 21 of the Cha...

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Category : ICAI | Comments : 0 | Hits : 1117

CNG price in the national capital and adjoining towns was hiked today by a steep Rs 2.90 per kg, the third increase this year.   Compressed natural gas (CNG) in Delhi will cost Rs 38.35 per kg with effect from midnight tonight,Indraprastha Gas Ltd , the sole retailer of CNG and piped nat...

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Category : General | Comments : 0 | Hits : 232