chartered accountants

Special Placement Programme – June, 2010 for experienced and fresh Chartered Accountants from 22nd to 26th June, 2010

As a measure to develop employment opportunities for Chartered Accountants, Committee for Members in Industry (CMII) of ICAI has been successfully organizing placement programmes twice a year for Newly Qualified Chartered Accountants, wherein prospective employers and new members interact and explore the possibility of taking up employment careers in various organisations.
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CA, CS, ICWA asked to report suspicious fund movements directly to government

The government has asked chartered accountants, cost accountants and company secretaries to directly report to the home ministry cases of suspicious fund movements in an out of companies, as it looks to crack down on money laundering and terror funding.
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Expenditure on consultancy for restructuring of company is allowable deduction u/s 37(1) of Income Tax Act, 1961

IN order to appreciate the controversy few facts may be noticed. The assessee-company is manufacturing colour picture tubes. In respect of the assessment year 2004-05 the assessee company incurred expenditure for the purpose of restructuring. The assessee-company had become a sick unit and in that regard a reference was made to BIFER for its rehabilitation which has passed an order giving substantial relief on 12.3.2007.The services of M/s Oberoi Sood and Kapoor, Char
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CUSTOMS Notification No 13/2010 (NT), Appoints Common Adjudicating Authority

Notification No.13 / 2010 - Customs (N.T.) Central Board of Excise and Customs hereby appoints the Commissioner of Customs (Import), Sahar Air Cargo Complex, Mumbai to act as a common adjudicating authority to exercise the powers and discharge the duties conferred or imposed on:- the Commissioner of Customs (Export), Sahar Air Cargo Complex, Mumbai, the Commissioner of Customs (Import and General), Indira Gandhi International Airport, New Delhi; the Commissioner o..
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Coaching classes for CA students not permissible between 9.30 a.m. and 5.30 p.m

Attention of the members is drawn to Announcements dated 27th March 2009 and 19th May 2009 hosted on website of the Institute wherein the decision of the Council with regard to, inter-alia, working hours and coaching hours have been notified. Normal working hours for the articled assistants shall not start after 11.00 AM and not end before 5.00 PM.Coaching classes shall not continue after 9.30 AM and not start before 5.30 PM so as to enable the articled assistants to co..
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ICAI postponed the result of PE–II, PCE and IPCE examination held in November, 2009

The results of the Chartered Accountants Professional Education (Examination-II), Professional Competence Examination and Integrated Professional Competence Examination held in November, 2009 scheduled to be announced on 29th January, 2010 will now be announced on 1st February, 2010.
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Convergence to IFRS require recognition of unrealised profits and losses, what about taxability of the same

The increasing attractiveness of the European and Asian capital markets has prompted emerging economies like-Brazil , China, India, and Russia to converge their existing accounting standards to International Financial Reporting Standards (IFRS). Over 100 countries have now adopted or permitted IFRS or have based their local Generally Accepted Accounting Principles (GAAP) on the principles of IFRS.
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ICAI announced Examination Centers, last date for filing forms, date & Schedule of PE-II, PCE, IPCE and Final Examination – May 2010

Similarly Post Qualification Courses in Management Accountancy Course (MAC Part-I), Corporate Management Course (CMC –Part-I), Tax Management Course (TMC – Part-I), Insurance and Risk Management (IRM) and International Trade Laws and World Trade Organisation (ITL&WTO) exanimations will also be held on the dates given below at the following centers (centers in India only) in terms of provisions as contained in Schedule "C", "D" ,"E", "G" and "H" of the Chartered Accou..
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