Archive for April, 2009

TRADE CIRCULAR                                   Date: 15.04.2009   No.VAT-2005/ Noti/138/ Adm-6 Mumbai, Trade Cir. No.13 T of 2009   Sub:   Rate of tax on Timber from 1st April 2009. Ref:   1) Govt. Notification No. VAT-1508/CR- 44/Taxation- 1 dated 29.3.2008.    [...] Full Article

NOTIFICATION NO 35/2009, Dated: April 13, 2009 CORRIGENDUM In the Notification (English Version only) No. 32/2009, S.O. 866 published in the Gazette of India. Extraordinary, Part-II, Section 3, Sub-section (ii) dated27th March, 2009 (hereinafter referred as Gazette Notification) the following corrections are made, namely:- (1) in Form ITR-2, after serial number 15 but before Schedule S (printed [...] Full Article

India’s accounting standards regulator on Wednesday opposed the proposed sale of Satyam Computer Services to Tech Mahindra before restating the accounts of the scam-hit IT outsourcing company. “I am not happy with the deal as the company’s correct financial position was not yet known,” Institute of Chartered Accountants of India (ICAI) president Uttam Prakash Agarwal [...] Full Article

The 1.5 lakh-member strong chartered accountants’ profession could witness a big showdown. UTVi learns that the accounting regulator, Institute of Chartered Accountants of India (ICAI), has issued notices to the big four accounting firms – KPMG,PwC, E&Y and Deloitte — asking them to provide exhaustive information on their international affiliations. The regulator has also asked [...] Full Article

The State Commission, Delhi, held that services rendered by a Lawyer would not come within the ambit of s. 2(1)(o) of the Consumer Protection Act, 1986, as the client executes the power of attorney authorizing the Counsel to do certain acts on his behalf and there is no term of contract as to the liability [...] Full Article

The corporate affairs ministry is planning to have a single registrar of companies (RoC) in Delhi for the registration purpose of all companies in India. According to a senior corporate affairs ministry official, “There is no geographical constraint for the registration purpose of a company anywhere in India as there is no direct interface with [...] Full Article

NOTIFICATION NO. G.S.R. 251(E), DATED 15-4-2009- In case of an Issuing company which is a foreign bank incorporated outside India and which is regulated by a member of the Bank for International Settlements or a member of the International Organization of Securities Commissions which is a signatory to a Multilateral Memorandum of understanding with India, the requirement under this paragraph, in respect of period beginning with last date of period for which the latest a.. Full Article

Dear Friends, ICAI has started a new facility of online payment of fees for the members by using this member can pay there  Annual Membership Fee, COP Fee, CABF Fee ( Annual & Life Time) and  can also contribute to  CABF  in addition to Annual/Life Time Contribution. To avail this facility mebers have to click the link given [...] Full Article