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National Securities Depository Limited (NSDL) processes PAN and TAN applications on behalf of Income Tax Department. With a view to keep the applicant updated about the status of his application, NSDL has launched a Short Message Service (SMS) based facility. The applicant can send an SMS to 53030 with a message containing the word PAN followed by a space and the 15-digit acknowledgement number provided at the time of submission of application i.e., PAN ACKNOWLEDGEMENT N.. Full Article

The Institute compiles data of firms as on 1st January every year based on the particulars as provided by the firms duly confirmed/updated/modified. The exercise for compilation of the data of the firms as on 1st January, 2010 is being undertaken. Full Article

Introduction of Amnesty Scheme and on-line system for compliances/ registration of documents with the office of the Registrar of Firms, Maharashtra, Mumbai No. 1-CA(RepCom) /2009,  Dated : June 1, 2009 The Principal Secretary, Law & Judiciary Department, Government of Maharashtra, 3rd floor, Mantralaya Main Building, Mantralaya, Mumbai – 400 032. Dear Sir Sub.:Introduction of Amnesty Scheme and on-line system for compliances/ [...] Full Article

The Institute of Chartered Accountants of India (ICAI) will soon update the accounting norms for oil and gas industry to keep pace with the technological developments in the sector. ”We issued guidelines for oil and gas industry in 2003. But since then a lot of technological improvement has taken place. Therefore, we are revising some norms,” ICAI [...] Full Article

SUMMARY OF ADVANCE RULINGS The proposed partnership firm to be formed by the Canadian company can be assessed as a firm under the Income-tax Act, 1961 provided the requirements of section 184 are complied with; the said firm shall be liable to tax @30 per cent plus applicable surcharge and cess in accordance with paragraph [...] Full Article

Dear Members, As You may be aware that ICAI ( Institute of Chartered Accountants of India) general election will be held in DEC 2009.You can vote only in the city of your professional address as per ICAI Database. Pls check your address by clicking the link given below:- http://220.227. 161.82/locm.asp Click on http://www.icai. org/addupdate to [...] Full Article

Fatal error: the system has become unstable or is busy," it says. "Enter to return to Windows or press Control-Alt- Delete to restart your computer. If you do this you will lose any unsaved information in all open applications. " You have just been struck by the Blue Screen of Death. Anyone who uses Mcft Windows will be familiar with this. What can you do? More importantly, how can you prevent it happening? Full Article