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Archive: 03 July 2009

Posts in 03 July 2009

Notification No. 116 (RE-2008)/2004-2009, Dated: 03.07.2009

July 3, 2009 295 Views 0 comment Print

The quantity of wheat products to be exported as mentioned in Para 2 above shall be monitored on a fortnightly basis both by the Customs Department as well as by DGCI&S, through fortnightly reports to be sent to the Department of Commerce / DGFT as well as to the Department of Food & Public Distribution.

Notification No. 115 (RE-2009)/2004-2009, Dated: 03.07.2009

July 3, 2009 217 Views 0 comment Print

In exercise of the powers conferred by Section 5 read with Section 3(2) of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) and also read with Para 1.3 and Para 2.1 of the Foreign Trade Policy, 2004-2009, the Central Government hereby makes, with immediate effect.

Applicability of section 44BB of the IT Act on mobilization/ demolization charges received by a non-resident foreign company

July 3, 2009 2725 Views 0 comment Print

Brief facts of the case giving rise to this appeal are that assessee, a non-resident foreign company, engaged in the business of providing services in connection with extraction and production of mineral oils, submitted its return of income declaring income at Rs. 2,11,79,270/ – for the Assessment Year 1999-2000. The case was processed under Section 143(1) of the Income Tax Act

SEBI : Firm commitment requirement for registration as Foreign Venture Capital Investors

July 3, 2009 400 Views 0 comment Print

The SEBI (Venture Capital Funds) Regulations, 1996 (VCF Regulations) lay down conditions for “minimum investment in a venture capital fund” under Regulation 11 of VCF Regulations.

Highlights of Rail Budget 2009-2010 presented by Mamta Banarjee

July 3, 2009 537 Views 0 comment Print

No hike in passenger fares. No hike in freight rates. Book stores, PCOs to be set up across stations Infotainment services on Rajdhani and Shatabdi trains To take the private-public partnership route to develop stations Priority for food and water on trains Developing multi-functional complexes at stations Priority to passenger amenities Rail projects shouldn’t be […]

ICAI Election for Central and Regional Council will be held in December 2009

July 3, 2009 633 Views 0 comment Print

Announcement – Option for Polling Booths in Delhi/New Delhi, Mumbai and Kolkata.The next elections to the Council and the Regional Councils of the Institute of Chartered Accountants of India are proposed to be held on 4th and 5th December, 2009 in cities having more than 2500 members and on 5th December, 2009 at all other places […]

Major Highlights of Economic Survey 2008-2009

July 3, 2009 339 Views 0 comment Print

Economic growth decelerates to 6.7 per cent in 2008-09 compared to 9 per cent in 2007-08 and 9.7 per cent in 2006-07. Per capita growth at 4.6 per cent. Deceleration in growth spread across all sectors except mining and quarrying; agriculture growth falls from 4.9 per cent in 2007-08 to 1.6 per cent 2008-09. Manufacturing […]

ICAI President's message to CA community for July 2009

July 3, 2009 759 Views 0 comment Print

Dear CA Pariwar, A golden chapter of ICAI history would unfold before the nation on July 1, 2009 when our Institute completes 60 year of its glorious existence. It is indeed a truly momentous occasion, an occasion to bask in the glory of our six-decade long tradition of excellence and service to the nation. ICAI […]

S Gopalakrishnan and Srinivas Talluri will not get any more time to submit reply : ICAI

July 3, 2009 765 Views 0 comment Print

Accounting regulator ICAI on Wednesday said it will not grant any further time to now-in-jail auditors of Satyam for furnishing reply to the showcause notice and it will proceed on the basis of available information to dispose of the case within six months. “No more adjournment will be granted to the auditors (S Gopalakrishnan and Srinivas Talluri). […]

Investigation into Satyam case will take six more months : ICAI

July 3, 2009 627 Views 0 comment Print

The Institute of Chartered Accountants of India (ICAI) has said its investigation into the Satyam case will take six more months to conclude. The discipline directorate of the Institute is looking into the alleged accountancy fraud perpetrated by Satyam. “In the next 6 months the Satyam case will be disposed of,” Uttam Prakash Agarwal, president […]

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