"May, 2009" Archive

Relaxation in cut off date for registration of CS Executive Programme Examinations

RELAXATION IN CUT-OFF DATE The actual cut-off date for acceptance of Registration Applications relating to Executive Programmefor appearing in one module in December, 2009 Session of Examinations is 31st May, 2009. However, in view of the fact that the said date is falling on an official holiday (Sunday),the next working day i.e. 1st Jun...

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Posted Under: CA, CS, CMA |

Analysis of new system for TDS / TCS payment and information reporting

Income Tax Department has introduced a scheme for centralized processing of annual income-tax returns which envisages no interface with the tax payer and processing of returns to be done in an automated jurisdiction-less manner. Implementation of such scheme requires having a robust system for information relating to payment of TDS and TC...

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Posted Under: CA, CS, CMA |

SFIO asked to put the Satyam prosecution on fast track

The Satyam fraud case is top priority of the government, and the investigating agency, the Serious Fraud Investigation Office (SFIO), has been asked to put the prosecution on fast track, Minister of State for Corporate Affairs (independent charge) Salman Khurshid said here Friday. “The case is required to be put on the fast track so...

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Posted Under: CA, CS, CMA |

HC stayed disclosure of answer sheets of CA examination under RTI

While considering an appeal filed by a student of the Chartered Accountants Examination under the Right to Information Act, 2005, the Central Information Commission recently ordered for supply of certified copies of the answer sheets of a student concerned which was also later confirmed by the Learned Single Judge of Hon'ble Delhi High Co...

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Posted Under: CA, CS, CMA |

India-MERCOSUR Customs Tariff (Determination of Origin of Goods under Preferential Trade Agreement) Rules, 2009

Notification No. 56/2009-Customs (N.T.) (30/05/2009)

If the competent authorities of the importing and the exporting Signatory Parties fail to agree on the demonstration of the modification of the manufacturing conditions, they may make use of the Dispute Settlement Procedure established as per Article 29 of this Agreement....

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Regarding exmeption to specified goods when imported to India from specified countries

Notification No. 57/2009-Customs (30/05/2009)

For the purposes of this notification, "applied rate of duty" means the standard rate of duty specified in the First Schedule to the said Customs Tariff Act, 1975 in respect of the goods specified in the said Table, read with any other notification for the time being in force, issued in respect of such goods under sub-section (1) of secti...

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Amends Notification No. 38/2009-Customs dated 22nd April, 2009

Notification No. 56/2009-Customs (30/05/2009)

This however excludes cold rolled stainless steel in coil of (i) a combination of thickness above 2 mm and width above 1500 mm for use in fabrication; (ii) AISI 420 High Carbon (0.82%-0.40%) grade; and (iii)Grade 430 BA Silver Ice exported by M/s Thyssenkrupp Stainless International, Germany....

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PWC was having business links with Satyam

In a twist to the Satyam fraud case, a global IT research firm has revealed details which may point to a collusion between Price Waterhouse Coopers and Satyam Computers. The report, by Gartner, indicates that PwC was in a strategic partnership with Satyam till last year, even as its Indian arm was auditing the firm headed […]...

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Posted Under: CA, CS, CMA |

ICAI will soon frame accounting norms for farm sector

Corporatisation of agriculture and vast income potential of commercial crops have attracted the attention of accounting regulator ICAI, which for the first time is evolving accounting norms for the sector. “So far, there are no rules and standards for the agriculture sector. How do you value tea and coffee crops or other commercial ...

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Posted Under: CA, CS, CMA |

ICAI – Announcement on Organising National/ State/ District level Masters' Trainers Workshop on LLP

The Limited Liability Partnership Act, 2008 is one of the path breaking initiative of the Ministry of Corporate Affairs. The Limited Liability Partnership Act, 2008 (LLP Act) received the assent of the President on the 7th January, 2009 and most of the sections of the Act have been notified on 31st March 2009. The Ministry […]...

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Posted Under: CA, CS, CMA |
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