"April, 2009" Archive - Page 10

Satyam Auditors involved in falsification of accounts – SFIO

Holding global auditors Price Waterhouse guilty of wrongdoings in the multi-crore Satyam scam, the Serious Fraud Investigation Office has informed the government that the bookkeepers were involved in falsification of accounts of the IT firm. Detailing the role of Price Waterhouse partners in the scam involving thousands of crores of rupee...

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Posted Under: CA, CS, CMA |

ICAI hosted Specimen Multipurpose Empanelment Form for 2009-10

Professional Development Committee (PDC) is pleased to host the thoroughly revamped Multipurpose Empanelment Form (MEF) for the year 2009-10. The new form has been comprehensively revised to make it user friendly and ensure that members do not face any problem in submitting the form. Apart from making form simple and user friendly members...

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Posted Under: CA, CS, CMA |

CA been arrested in Mumbai for credit card fraud

The Andheri police on Friday arrested a ch a r t e re d accountant (CA) for cheating a leading private bank of Rs 12.15 lakh. The accused, Bipin Thakkar, fraudulently obtained eight credit cards from HDFC Bank and used them to withdraw the money. The police are now on the lookout for Thakkar’s accomplice, […]...

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Posted Under: CA, CS, CMA |

NSDL hiked fees for E-Filing of TDS, TCS & AIR Return & TAN application

NSDL has hiked the fees for E-Filing of TDS, TCS & AIR Return & TAN application. Revise fees structure is as follows:-...

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Posted Under: CA, CS, CMA |

Loan approvals may be linked to phone bills, insurance payments in addition to your redit card and debt payment record

Applying for a loan? Check if you’ve paid your telephone bill or insurance premium first. Soon, your loan proposals will not depend only on your credit card and debt payment record with banks but also on whether you’ve paid your phone bill, insurance premium and stock broker dues on time.The Reserve Bank of India on […]...

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Posted Under: CA, CS, CMA |

Grant of Administration Relief to unregistered dealers under MVAT Act

Trade Circular No. 14 T of 2009 (18/04/2009)

The State Government vide Government Resolution referred to at Serial No.2 above, delegated powers of grant of Administrative Relief in respect of Acts administered by Sales tax Department mentioned therein, to the Commissioner of Sales Tax with powers to re-delegate further to subordinate authorities....

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CA Articles can get Transfer till 30th April 2009 as per old Rule : ICAI

Transfer of Article Further to the announcement dated 27th March, 2009, the transitional difficulties being experienced by members and students in the matter of transfer of articles, effected on or prior to 27th March, 2009 was considered by the Institute and with a view to mitigate the difficulties so experienced, it has been decided, as...

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Posted Under: CA, CS, CMA |

Leave out freight, insurance in calculatuion of Assessable Value for Excise Duty : SC

The Supreme Court has held that freight and insurance charges are not to be taken into account in determining the value of goods for imposing excise duty. A Bench headed by Justice S B Sinha, while dismissing the Commissioner of Central Excise’s appeal, asked the (Excise) Department to pay Rs 25,000 to a manufacturer of electronic mete...

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Posted Under: CA, CS, CMA |

Investment of more then 50,000 in NSC and more then 1 lakh in ULIP investment may need PAN

You may soon need to mention your permanent account number (PAN) to invest more than Rs 50,000 in national savings certificates (NSC), or to buy a unit-linked insurance policy where premium payment exceeds Rs 1 lakh. The government is giving finishing touches to a proposal to make the taxpayer identification number mandatory to invest in ...

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Posted Under: CA, CS, CMA |

Amends notification No. 21/2002-Customs, Dated: 01.03.2002

Notification No. 36/2009-CUSTOMS (17/04/2009)

The principal notification No.21/2002-Customs, dated the 1st March, 2002, was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 118(E), dated the 1st March, 2002 and was last amended by notification No. 28/2009-Customs, dated the 26th March, 2009 which was published in the Gazette of...

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