News on Tax, Corporate Law, Recent Judgement, Govt Policy

  • May
  • 21

Online Empanelment with Vijya Bank for Concurrent Audit

Chartered Accountant firms for selection of Concurrent Auditors of the branches/offices – Vijya Bank calls applications from Chartered Accountant firms for selection of Concurrent Auditors of the branches/offices for the period from 01.07.2013 to 30.06.2014.

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  • May
  • 21

Govt urges taxpayers to Disclose True income and pay Appropriate taxes

Government urges all tax Payers to Disclose their True income and pay Appropriate taxes within the Current Financial Year; A Compliance Management Cell has been set-up to Ensure Follow-up Action and Track Return Filing and Tax Payment of the Target Segment; 70,000 Letters are being sent in 2 Batches to High Priority Cases in this [...]

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  • May
  • 21

How to view ST-3 for the period July -Sept, 2012

Service Tax Returns (ST 3) for the period July -Sept, 2012,e-filed in ACES, can now be viewed by the Assesses under ‘View Original ST3′ and ‘View ST3′ options under the RET module of ACES with a facility to revise it, if required. The Revised return can be filed by the assessee within 90 days from [...]

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  • May
  • 18

Dena Bank – Concurrent Audit of Branches 2013-14 – Empanelment / Registration

The firm has to disclose whether it has been debarred by ICAI / RBI / Dena Bank in the past. In such cases, the firm is not eligible for appointment as Concurrent Auditor. The Partner / Auditor / Asst. of the Audit firm should visit the Branch for a specified number of days and a confirmation to that effect should be generated from the online system of the Bank.

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  • May
  • 16

ICAI Changes Centres for some Candidates in Kolkata, Udaipur, Vijayawada for 24 May 2013 Exam

Due to unavoidable circumstances, the venue for Paper 7-Information Technology and Strategic Management, of Intermediate (IPC) examination May 2013, to be held on 24th May 2013, has been changed, as given below, for some of the candidates in Kolkata, Udaipur and Vijayawada:

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  • May
  • 15

Postponement of IPCC IT Paper May 2013 – An Avoidable Act of Shame

Students appearing for IPCC paper 5-Auditing & Assurance-on 13th May 2013 , were shocked to know , after coming out of the exam centre, that the exam for SM/IT paper -7 due to be held on 15th May 2013 has been postponed to 24th May 2013 due to unavoidable circumstances.

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  • May
  • 15

Service Tax Return can be filed even for the period prior to registration

CBEC has accepted the Service Tax returns for the period July-September, 2012, which were rejected by system on the sole ground that these returns were filed for the period prior to the dates of registration of the assessees, as valid returns. These returns have been reprocessed in ACES and the status of these returns is [...]

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  • May
  • 14

ICAI revises fees for all GMCS Course(s)

The Council at its 324th Meeting held in April, 2013 decided that with effect from 1st July, 2013 fee for the General Management and Communication Skills (GMCS) Course i.e. existing GMCS Course, GMCS – I and GMCS – II courses shall be Rs. 5,500/- per participants for each course.

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  • May
  • 14

Download Finance Act 2013 as assented by The President on 10-5-2013

President of India has given assent to Finance Bill 2013 on 10.05.2013 and on assent the Finance bill has become the Finance Act,2013 (No. 17 of 2013). The act has given effect to the financial proposals of the Central Government for the financial year 2013-2014.  Finance Act, 2013 contains the amendment in Income Tax Rates, [...]

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  • May
  • 13

ICAI postpones paper of IT & SM of Integrated Professional Competence Examination

It is hereby informed that due to unavoidable circumstances the examination of Group – II, Paper – 7 – Information Technology and Strategic Management of Intermediate (Integrated Professional Competence) Examination scheduled on 15th May-2013 stands postponed. The said examination for the candidates will now be held on 24th May – 2013

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