Visually challenged beats all odds, passes Inter CA
Posted Date : 08-Feb-2013 , 09:35:56 am | Posted By CASANSAAR
Yet another visually challenged student has secured a top rank in the all India level examinations held by the Institute of Charted Accountancy of India ( ICAI).
While Guntur boy J Rajasekhara Reddy had hit the headlines by becoming the first visually challenged to complete CA (final) last for...
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Students Zone |
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2 | Hits : 1161
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Nokia tax dispute: Cyber experts examine software download system
Posted Date : 08-Feb-2013 , 09:23:09 am | Posted By CASANSAAR
The investigation unit of the Income Tax Department in Chennai has roped in cyber experts to crack Nokia’s computer systems in the Sriperumbudur manufacturing plant.
This is to investigate the method of software download by the Indian company from its parent in Finland to manufacture ...
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Income Tax |
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0 | Hits : 711
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New/Revised Ind ASs finalised by ICAI (Post February, 2011)
Posted Date : 08-Feb-2013 , 09:19:42 am | Posted By CASANSAAR
The following are the New/Revised Ind ASs (Post February, 2011) corresponding to the new/revised IFRSs issued by the IASB after finalisation of 35 Ind ASs hosted on the MCA’s website. These Ind ASs have been finalised by the Council of the ICAI and sent to the National Advisory Committee on Ac...
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Income Tax |
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0 | Hits : 748
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Tax trouble again: I-T dept alleges Vodafone underpriced shares by Rs 1,300 cr
Posted Date : 07-Feb-2013 , 09:28:31 am | Posted By CASANSAAR
Vodafone finds itself under renewed assault from Indian tax authorities even as it attempts to resolve a long-running tax dispute over the acquisition of Hutchison's Indian telecom business in 2007. This time around, theI-T Department has alleged that the Indian arm of the world's largest telec...
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Income Tax |
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CA IPCC / PCC Toppers & Pass percentage of Examination held in Nov
Posted Date : 07-Feb-2013 , 09:25:35 am | Posted By CASANSAAR
Chartered Accountants Integrated Professional Competence Course (IPCC) Examination held in Nov, 2012
The details of percentage of candidates passed in the above said examinations are given below:
Appeared
Passed
Percentage
Both Group
51318
5720
11.15%
Group 1
...
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Students Zone |
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CBEC seeks details of service tax payment from companies
Posted Date : 06-Feb-2013 , 07:43:04 pm | Posted By CASANSAAR
Racing against time to meet revenue collection target, tax authority CBEC has started seeking details of service tax from companies which have paid the same amount as last year or even less than that.The Central Board of Excise and Customs (CBEC) has written to such com...
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Service Tax |
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0 | Hits : 1037
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Exposure Draft: Acquisition of an Interest in a Joint Operation (Proposed amendment to IFRS 11) - (Last date for sending comments: March 20, 2013)
Posted Date : 06-Feb-2013 , 07:37:51 pm | Posted By CASANSAAR
The International Accounting Standards Board (IASB) has published this Exposure Draft of proposed amendments to introduce guidance on the accounting, by a joint operator, for the acquisition of an interest in a joint operation, as defined in IFRS 11 Joint Arrangements, in which the activity of the j...
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ICAI |
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Exposure Draft: Sale or Contribution of Assets between an Investor and its Associate or Joint Venture (Proposed amendments to IFRS 10 and IAS 28)
Posted Date : 06-Feb-2013 , 07:36:50 pm | Posted By CASANSAAR
The International Accounting Standards Board (IASB) has proposed these amendments to address the issues related to the changes made in IAS 27 Consolidated and Separate Financial Statements (as issued in 2008) as part of the Business Combinations project. Invitation to commentASB invit...
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ICAI |
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0 | Hits : 709
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SEBI free to seize properties of Sahara Group companies: SC
Posted Date : 06-Feb-2013 , 06:06:07 pm | Posted By CASANSAAR
In fresh trouble toSahara group, the Supreme Court on Wednesday said that SEBI is free to freeze accounts and seize properties of its two companies for defying court orders by not refunding Rs 24,000 crore to investors.
The apex court also pulled up SEBI for not taking action against the ...
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SEBI |
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Listed companies must now seek Sebi nod for all M&A deals
Posted Date : 06-Feb-2013 , 09:45:32 am | Posted By CASANSAAR
Companies traded on stock exchanges will now need the clearance of the capital market regulator Sebi for all merger, demerger and amalgamation deals. Till now, companies could execute these strategies by obtaining the approval of a high court and no-objection certificate from exc...
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SEBI |
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0 | Hits : 983
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Symphony gets ICAI award for excellence in financial reporting for second time
Posted Date : 06-Feb-2013 , 09:38:05 am | Posted By CASANSAAR
Symphony Limited, Ahmedabad-based air cooler manufacturing and marketing company, has won the ICAI award for excellence in financial reporting for the second consecutive years.Symphony was given this award for its annual report for 2010-11. The award was handed over at the Internation...
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ICAI |
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0 | Hits : 995
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Sebi revises norms for listed companies over 'exaggerated' valuations
Posted Date : 05-Feb-2013 , 08:23:11 pm | Posted By CASANSAAR
Market regulator Sebi has revised norms required for publicly traded companies which are planning to list their equities after amalgamation or de-merger.
In recent past, Sebi said it has been receiving applications seeking exemption from certain entities where there are inadequate disclosur...
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SEBI |
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0 | Hits : 768
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Fin Min to taxpayers: Revenue to be collected in just & fair manner
Posted Date : 05-Feb-2013 , 07:33:53 pm | Posted By CASANSAAR
Finance Ministry today assured taxpayers that efforts would be made to end hostile relationships between officials and assesses and collect revenue in a just and fair manner.
Addressing officials of Central Board of Excise and Customs (CBEC) Finance Minister P Chidambaram said in New Delhi...
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Income Tax |
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0 | Hits : 699
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IT dept slaps Rs 2300 crore tax demand on BCCI, Board looks for legal loopholes
Posted Date : 05-Feb-2013 , 07:29:06 pm | Posted By CASANSAAR
Income tax authorities have reopened old cases involving theIndian cricket Board and slapped taxes totalling about Rs. 2,300 crore for seven years after terming all its activities as "commercial", forcing the world's richest cricket body against the wall.
Tax assessment cas...
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Income Tax |
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0 | Hits : 930
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SEBI revises rules for amalgamation of companies
Posted Date : 05-Feb-2013 , 07:37:47 am | Posted By CASANSAAR
The Securities and Exchange Board of India (SEBI) on Monday revised rules for merger and amalgamation of companies, which requires stricter valuation of entities.
In the recent past, SEBI said it “received applications seeking exemption from certain entities containing inadequate...
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SEBI |
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0 | Hits : 1090
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Mass resignation by central excise, service tax superintendents on April 30
Posted Date : 05-Feb-2013 , 07:34:01 am | Posted By CASANSAAR
All Central Excise and Service Tax superintendents will submit their resignations on April 30 over their demand for no promotions, lower salary and lack of working conditions.
They have been presenting their case to the concerned authorities regularly for more than two decades...
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Service Tax |
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0 | Hits : 1251
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Tamil Nadu chief minister gives Rs. 10 lakh to Chartered Accountancy topper
Posted Date : 04-Feb-2013 , 08:44:14 pm | Posted By CASANSAAR
Tamil Nadu Chief Minister Jayalalithaa on Monday gave away Rs. 10 lakh to Prema, an auto rickshaw driver's daughter from the state, who topped the nationwide Chartered Accountant examination.
She gave the cheque to Prema, who was accompanied by her father and brother, ...
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Students Zone |
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0 | Hits : 1223
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Shell India says tax order contrary to FM'S FDI drive; to challenge strongly
Posted Date : 04-Feb-2013 , 08:40:01 pm | Posted By CASANSAAR
Global petrochemical and energy giant Shell's Indian arm is gearing up to challenge a recent transfer pricingorder by the income tax department order that has alleged underpricing of Rs 15,000 crores by Shell Indiawhile issuing shares to it's sole parent Shell Gas BV in March, 20...
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Income Tax |
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0 | Hits : 771
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Facebook celebrates 9th birthday, Hapy Birthday Facebook
Posted Date : 04-Feb-2013 , 05:51:42 pm | Posted By CASANSAAR
Social networking site Facebook on Monday turned nine.
Today, Facebook has over one billion active users and the counting is going on rapidly.
The most popular social networking site was founded by Mark Zuckerberg and his four friends as a sophomore at the Harvard Unive...
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General |
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0 | Hits : 727
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Sourav Ganguly appeals against service tax claim of over Rs 3 crore
Posted Date : 04-Feb-2013 , 09:10:47 am | Posted By CASANSAAR
Former India cricket captain Sourav Ganguly has challenged before the Calcutta High Courta service tax claim of over Rs three crore, which was charged during his term with the Kolkata Knight Ridersfor IPL and playing for Team India. "While the original claim is of Rs 1....
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Service Tax |
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0 | Hits : 1156
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Fin Min forms online data bank to check black money
Posted Date : 03-Feb-2013 , 06:43:01 pm | Posted By CASANSAAR
In order to check black money and tax evasion, an online data bank is being setup by theFinance Ministry for effective coordination and dissemination of various inputs pertaining to illegal funds. The online system, which would act as data bank for financial intelligenc...
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Income Tax |
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0 | Hits : 972
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RBI draft norms for loan restructuring may hit banks' earnings
Posted Date : 03-Feb-2013 , 06:37:18 pm | Posted By CASANSAAR
RBI's new draft guidelines for restructured loans are likely to hit earnings of banks by at least 3-8 per cent over the next two years, while some public sector banks are expected to get most impacted, a report by Bank of America Merrill Lynch has said. Reserve Bank last week iss...
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Banking |
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DHC quashes Circular No.158 requiring professionals to pay 2% differential service tax
Posted Date : 02-Feb-2013 , 02:50:29 pm | Posted By CASANSAAR
Circular No. 158/9/2012-ST dated 08.05.2012 and Circular No.154/5/2012-ST dated 28.03.2012 have been quashed by the Hon'ble High Court of Delhi in W.P.(c) No. 4456/2012 filed by Delhi Chartered Accountants Society (Regd.) and argued by Mr. Ruchir Bhatia, Adv. for Petitioner.
By the afo...
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Income Tax |
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0 | Hits : 2812
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India, Gibraltar sign tax information exchange agreement
Posted Date : 02-Feb-2013 , 01:57:42 pm | Posted By CASANSAAR
India and Gibraltar have signed a Tax Information Exchange Agreement (TIEA) that among other things calls for transparent sharing of information.
The agreement was signed yesterday by Jaimini Bhagwati, High Commissioner of India to the UK from the Indian side and Gi...
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Income Tax |
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0 | Hits : 643
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Download CPT December 2012 Result Card
Posted Date : 02-Feb-2013 , 08:57:22 am | Posted By CASANSAAR
Result cards relating to December 2012Common Proficiency Test (CPT) have been sent to the candidates by post, in the normal course, soon afterdeclaration of results.
CPT result cards will also be hosted onhttp://icai.nic.in/cptresultcard with effect from December 2012&nb...
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Students Zone |
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0 | Hits : 1255
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Rs9,800 crore service tax evasion detected, stern action on cards
Posted Date : 01-Feb-2013 , 11:15:03 pm | Posted By CASANSAAR
Service tax evasion of a staggering Rs9,800 crore has been detected during the first nine months of the current fiscal, forcing the Tax Department to warn that properties of evaders will be attached.
"In many cases, the service providers collect service tax from their clients but do not dep...
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Service Tax |
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0 | Hits : 1242
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Budget Session from Feb 21, Railway Budget on 26th & Union Budget on February 28
Posted Date : 01-Feb-2013 , 05:07:49 pm | Posted By CASANSAAR
The dates for the presentation of the Union Budget and the Railway Budget were announced on Friday. While the Union Budget will be presented on February 28, the Railway Budget will be present two days earlier on February 26.
The Budget session will last from February 21 ...
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Budget |
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0 | Hits : 1019
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RBI suggests bank charge for cash withdrawal & deposit through cheques
Posted Date : 01-Feb-2013 , 04:32:25 pm | Posted By CASANSAAR
RBI has suggested that banks should charge for cash withdrawal and deposit through cheques while the government agencies should do away with convenience charges for online payment of utility bills. As per the discussion paper floated by RBI, high cash withdrawals and deposits of cash by individ...
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Banking |
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0 | Hits : 1680
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BoS of ICAI announces launch of e-Learning Course for Common Proficiency Course (CPCCPC
Posted Date : 01-Feb-2013 , 04:15:18 pm | Posted By CASANSAAR
The Institute of Chartered Accountants of IndiaBoard of StudiesCommon Proficiency Course (CPC) e-Learning onStudents Learning Management System (http://StudentsLMS.icai.org)
The Board of Studies is pleased to announce the availability of e-Learning facility for Common Proficiency ...
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Students Zone |
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0 | Hits : 939
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Income tax exemption limit to Rs 3 lakh: Shome panel says govt to come out with modified DTC Bill
Posted Date : 01-Feb-2013 , 11:32:05 am | Posted By CASANSAAR
The government will come up with a modified Direct Taxes Code (DTC) Bill after incorporating the suggestions of the Standing Committee on Finance, which among things had suggested raising annual income tax exemption limit to Rs 3 lakh.
"Will come out with modified DTC (Bill) in r...
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Income Tax |
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0 | Hits : 1496
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