We can’t afford our kids to be mediocre at a time when they’re competing against kids in China and kids in India, US President Barack Obama has said. Interacting with local residents at California’s Costa Mesa town hall Wednesday, Obama said, It can’t just be a single high-stakes standardized test — but we do need to […]
In what could provide a big thrust to the cost accounting profession in the country, the Institute of Cost and Works Accounts of India, the apex body to regulate the profession of cost and management accountancy in the country, has finalised a mutual recognition agreement with the Institute of Management Accountants of the United States. […]
We invite members’ attention to announcement, “Complaint regarding Bank Branch Audit Allotment 2008-09” hosted on the website on 16th March, 2009 requesting members to inform us in case they have not been allotted the bank branch audit this year despite the fact that they have been continuing auditors since 2004-05. In response to the aforesaid […]
A General Amnesty Scheme for retrospective restoration of Membership effective from the date of removal due to non-payment of Membership fee was launched by the Council and announcement to this effect was issued on 13th May, 2008 and the same was hosted on www.icai.org and published in the Journal. This scheme provided an opportunity for such […]
Notification for Eligibility Test (ET) for Post Qualification Course on Information Systems Audit (ISA) on Sunday the 10th May, 2009 Last Date for Online Form Submission 30th April , 2009 1. The next Eligibility Test for ISA PQC is scheduled to be held on Sunday the 10th May, 2009 from 09.00 a.m. to 1.00 p.m. A detailed […]
Tax deducted at source (TDS) credit can now be availed by persons other than the deductees. This has been clearly articulated by the Central Board of Direct Taxes (CBDT) in a new rule on TDS credit availment. Bringing relief and certainty to taxpayers, the CBDT has also spelt out the situations and the procedure through […]
The anti-corruption wing of the Central Bureau of Investigation (CBI) on Wednesday arrested a chartered accountant (CA) and a tax consultant for demanding a bribe of Rs 6 lakh from a 70-year-old woman to get her case settled at the Income Tax (I-T) office. The CBI who initially had also registered a case against a […]
In order to stop squandering of client funds, the Securities and Exchange Board of India is planning to issue new norms for client-broker agreement in a month’s time. A client-broker agreement lists terms and conditions relating to order and trade confirmation, contract notes, brokerage, settlement schedules, margin payments and dispute resolution. It also makes it […]
The Delhi Consumer Commission has directed the HDFC Bank to pay Rs 35,000 as compensation to an export house for forcibly seizing a financed car on its failure to pay two instalments.”Whenever any bank resorts to such a method, it is liable to compensate the consumer as to the mental agony, harassment and humiliation suffered by him and return the post-dated cheques,” the Commission headed by Justice J D Kapoor said.
The Madras high court bench in Madurai has ruled that educational loans being provided by the banks are meant only for poor and meritorious students who can not not pursue their studies due to poverty. Dismissing a writ petition, filed by Harish Babu of Aruppukottai on Thursday, Justice S Manikumar said students with means to […]
