"20 January 2010" Archive

ICAI announced dates for Professional Education – II, Professional Competence Course (PCE), Integrated Professional Competence Course (IPCE) and Final Examinations to be held in -May-2010

Applications for admission to Professional Education –II, Professional Competence Course (PCE) Integrated Professional Competence Course (IPCE) and Final Examinations are required to be made in the prescribed forms. The application forms are priced at Rs. 100/- per application form and will be available for sale from 5th February,2010. ...

Read More
Posted Under: CA, CS, CMA | ,

ICAI finally announced dates for Common Proficiency Test (CPT Examination) to be held in -June-2010

Common Proficiency Test application forms duly filled in may be sent so as to reach the Additional Secretary (Examinations) at New Delhi not later than 27th April,2010. Applications received after 27th April,2010 shall not be entertained under any circumstances. Applications duly filled in will be received by hand delivery at the offices ...

Read More
Posted Under: CA, CS, CMA | ,

Revision in Course Fee for ERP Courses on SAP Financials

Revision in Course Fee for (a) SAP Financials - Financial Accounting and (b) SAP Financials - Management Accounting. M/s. SAP India Pvt. Ltd. has revised its course fee for (a) SAP Financials - Financial Accounting and (b) SAP Financials - Management Accounting courses from Rs.1,20,000/- (plus applicable taxes) to Rs.1,40,000/- (plus appl...

Read More
Posted Under: CA, CS, CMA | ,

TDS at a higher rate on all transactions not having pan to come into effect from 1st April 2010

Press Release No. 402/92/2006-MC (04 of 2010) (20/01/2010)

Press Release No. 402/92/2006-MC (04 of 2010) A new provision relating to tax deduction at source (TDS) under the Income Tax Act 1961 will become applicable with effect from 1st April 2010. Tax at higher of the prescribed rate or 20% will be deducted on all transactions liable to TDS, where the Permanent Account Number (PAN) of the deduc...

Read More

Certification by Practising Company Secretary regarding Internal Audit for Credit Rating Agencies

The circular states that audit envisaged under Regulation 22 of the SEBI (Credit Rating Agencies) Regulations, 1999 shall include an internal audit to be conducted on a half yearly basis by Chartered Accountants, Company Secretaries or Cost and Management Accountants who are in practice and who do not have any conflict of interest wit...

Read More
Posted Under: CA, CS, CMA | ,

Delhi VAT Rate increased from 4% TO 5%

No.F.14(16)/LA-2009/LJ/10/lclaw/1 (06/01/2010)

In the principal Act, in Section 10, after sub-section (4), the following subsection shall be inserted, namely:- “(5) Where the goods which have been purchased by a dealer are sold at a price lower than the price at which it was purchased by the dealer, the tax credit on such purchases shall be reduced proportionately in the tax period ...

Read More

ICAI finds Haribhakti & Co partner guilty of negligence

The accounting regulator is finally swinging into action in the multiple demat account scam that was detected over 3 years ago. The Disciplinary Committee of the Institute of Chartered Accountants of India (ICAI) has found the internal auditors – Haribhakti & Co. guilty of negligence while checking the books of brokerage firm - Karvy. I...

Read More
Posted Under: CA, CS, CMA | ,

Income tax department decided to take up fewer tax returns for scrutiny this year

If you’re worried about what questions your income tax officer will ask about your returns, you can relax a bit. The department has decided to take up fewer tax returns for scrutiny this year. The Central Board of Direct Taxes had issued an internal circular in December 2009, asking commissioners to select fewer cases for scrutiny....

Read More
Posted Under: CA, CS, CMA |

Bail plea of PWC auditor Talluri Srinivas will be decided by SC on February 3

The Supreme Court will decide on February 3 the bail plea of Price Waterhouse auditor Talluri Srinivas, who was arrested in the Rs 7,136-crore Satyam fraud case for allegedly conniving with its founder B Ramalinga Raju and other aides. A Bench headed by Chief Justice KG Balakrishnan posted the matter for final hearing on February 3 after...

Read More
Posted Under: CA, CS, CMA |

Fraudsters siphoned off About Rs 4 crore from Income Tax Department as I-T refunds

About Rs 4 crore has been siphoned off the I-T system by some unidentified fraudsters with the help of bogus PAN cards, e-returns and e-refund orders. The I-T refunds claimed on the basis of these bogus documents have been deposited in some bank accounts opened in the name of persons who have never paid any income tax....

Read More
Posted Under: CA, CS, CMA |

Search Posts by Date

January 2021
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031