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Archive: May, 2009

Posts in May, 2009

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 6459 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

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

May 31, 2009 940 Views 0 comment Print

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 June, 2009 will […]

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

May 31, 2009 1212 Views 0 comment Print

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 TCS so that the credit for TDS and TCS can be granted accurately and the risk of financial fraud is minimized.

SFIO asked to put the Satyam prosecution on fast track

May 31, 2009 324 Views 0 comment Print

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 […]

HC stayed disclosure of answer sheets of CA examination under RTI

May 31, 2009 588 Views 0 comment Print

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 Court in respect of a Petition filed by the Institute. Consequently, queries are being received by the Institute about the supply of answer sheets.

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

May 30, 2009 361 Views 0 comment Print

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.

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

May 30, 2009 658 Views 0 comment Print

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 section 25 of the Customs Act, 1962 (52 of 1962).

Amends Notification No. 38/2009-Customs Dated: 22.04.2009

May 30, 2009 337 Views 0 comment Print

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.

PWC was having business links with Satyam

May 30, 2009 765 Views 0 comment Print

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 […]

ICAI will soon frame accounting norms for farm sector

May 30, 2009 1078 Views 0 comment Print

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 crops? We […]

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

May 30, 2009 414 Views 0 comment Print

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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