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Archive: 05 August 2009

Posts in 05 August 2009

Seller do not require NOC from society at the time of transfer of a flat

August 5, 2009 48486 Views 56 comments Print

Actor Emraan Hashmi, who was refused an NOC to buy a flat in Nibbana housing society at Pali Hill allegedly because he was a Muslim, has one more quarter to turn to for help. The model bye-laws framed by the state government under the Maharashtra Cooperative Societies Act hold that a person does not require a no objection certificate (NOC) from the society at the time of transfer of a flat.

Results of C.A. Final and CA Final (New Course) Examinations, held in June, 2009 likely to be declared on 13th August, 2009

August 5, 2009 2256 Views 0 comment Print

The results of the Chartered Accountants Final and Final (New Course) Examinations, held in June, 2009 are likely to be declared on Thursday, the 13th August, 2009 around 2:00 PM and the same as well as the merit list (candidates securing a minimum of 55% and above marks and upto the maximum of 50th Rank […]

Government will not propose to adopt Consumer Price Index (CPI) instead of Wholesale Price Index (WPI)

August 5, 2009 2035 Views 0 comment Print

Government does not propose to change the method of calculation of Inflation based on the Wholesale Price Index (WPI), which is being published on weekly basis regularly since 1947. According to available information, 157 countries use the Consumer Price Index (CPI) to track inflation, while the WPI is used by 24 countries including India.

CBI closed corruption case against former director general (investigation) of income tax

August 5, 2009 894 Views 0 comment Print

The CBI has closed the corruption case registered against S K Sharma, former director general (investigation) of income tax due to lack of evidence .The special court recently accepted the closure report.In 2007, Sharma was accused of abusing his official position by obtaining illegal gratification from directors of two private companies in Pune and Mumbai […]

No Income Tax on Transfer Fee collected from a transferor or a transferee: Mumbai High Court

August 5, 2009 2504 Views 0 comment Print

Many co-operative housing societies collecting transfer premium from the transferee would heave a sigh of relief by the Mumbai High Court decision dated 17th July, 2009. So far the income tax authorities in the State of Maharashtra and the Mumbai Tribunal were following the Mumbai Special Bench Decision in the case of Walkeshwar Triveni CHS

Guidance note on Accounting for Depreciation in Companies issued by ICAI

August 5, 2009 25318 Views 0 comment Print

Introduction 1. The Council of the Institute of Chartered Accountants of India has issued Accounting Standard (AS) 6 on ‘Depreciation Accounting’. This standard lays down general principles of accounting for depreciation applicable to all entities. As such, the Standard is applicable to companies also in matters where there are no specific requirements under the Companies […]

Result of ISA Assessment Test held on 20th June, 2009 likely on 13th August, 2009

August 5, 2009 360 Views 0 comment Print

The result of the Information Systems Audit [ISA] Assessment Test held on 20th June, 2009 is likely to be declared on 13th August, 2009 around 2.00 PM at the Institutes office at New Delhi. The result of the above Assessment Test will be available on the Institutes website www.icai.org (G. SOMASEKHAR) ADDITIONAL SECRETARY (EXAMS)

Instruction on Norms for building infrastructure in the non-processing area of SEZ

August 5, 2009 805 Views 0 comment Print

Instruction No. 30, dated August, 2009 I am directed to inform you that Empowered Group of Ministers in its meeting dated 24th October, 2008 had approved development guidelines to be followed in respect of operations in the non-processing area of the SEZs. 2. As per the decision, the Board of Approval while approving infrastructure within each […]

SEBI : Application Supported by Blocked Amount” (ASBA) process

August 5, 2009 490 Views 0 comment Print

SEBI had introduced the process of ASBA vide its circular dated July 30, 2008 and made it applicable to all book built public issues opening on or after September 1, 2008.

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