"February, 2010" Archive - Page 40

ICAI announced relaxation of 9 months study course period to converted to IPCC students

Eligibility to appear in the May, 2010 and onwards Integrated Professional Competence Examination (IPCE): An Important Announcement for Students of Erstwhile Intermediate/ Professional Education (Course – II)/ Professional Competence Course (PCC) who have mean while converted to Integrated Professional Competence Course (IPCC) – relax...

Read More
Posted Under: CA, CS, CMA |

IFRS deferred by a year and will be applicable from 01.04.2011

On January 22, 2010 the Ministry of Corporate Affairs issued the road map for transition to IFRS. It is clear that India has deferred transition to IFRS by a year. In the first phase, companies included in Nifty 50 or BSE Sensex, and companies whose securities are listed on stock exchanges outside India and all other companies having net ...

Read More
Posted Under: CA, CS, CMA |

RBI move to allow Restructuring of bad loans helped bank, Industry and economy

Did the restructuring of bad loans done by the Reserve Bank of India a year ago help small and medium enterprises recover and also curtail the build-up of bank's bad loans, or did it just delay the recognition of bad loans?...

Read More
Posted Under: CA, CS, CMA |

Promulgation of Daman and Diu Civil Courts (Amendment) Regulation, 2009

Promulgation of the Daman and Diu Civil Courts (Amendment) Regulation, 2009 to amend the Goa, Daman and Diu Civil Courts Act, 1965, as in force in the Union Territory of Daman and Diu....

Read More
Posted Under: CA, CS, CMA |

Amendment to the National Council for Teacher Education Act, 1993

The Union Cabinet today approved a proposal from the Ministry of Human Resource Development to amend the National Council for Teacher Education Act, 1993 to clarify its applicability to matters relating to norms for minimum qualification for appointment of school teachers and clarify its applicability to schools and school teachers....

Read More
Posted Under: CA, CS, CMA |

Custom duty circular on Import of frozen green peas

Circular No. 02/2010-Custom Duty (09/02/2010)

I am directed to invite your attention to the Board’s Circular No. 39/2004-Customs dated 3.6.2004 and Instructions F.No.450/19/2005-Cus.IV 2nd April, 2009 regarding implementation of the provisions of Phytosanitary requirements under the Plant Quarantine (Regulation of Import into India) Order, 2003....

Read More

MCA asked ROC to review accounts of 5 companies

The Ministry of Corporate Affairs has asked the Registrar of Companies (RoC) to look into alleged accounting discrepancies in five companies, which include Grasim, Adani Exports, Vickers Systems, Gwalior Chemical Industries and Metrochem Industries, CNBC-TV18 reports quoting government sources....

Read More
Posted Under: CA, CS, CMA |

Time to specify negative/exempt services for taxation instead of taxing selected services

In June 2000, an expert group headed by NIPFP director M Govinda Rao observed that the 'selective approach to taxation of services is undesirable for this violates neutrality in taxation, leads to inadequate coverage in addition to raising several avoidable procedural and legal complications'. The group recommended that the Centre should ...

Read More
Posted Under: CA, CS, CMA |

Circular No. 23/2009-2014, Dated: 09.02.2010

Circular No. 23/2009-2014 (09/02/2010)

The Institute of Chartered Accountants of India has informed that with a view to strengthening the process of certification being issued by chartered accountants, they have hosted a link http://220.227.161.82/locm.asp on ICAI website, to enable anyone to seek confirmation to the effect that certificate received by him has been issued by a...

Read More

SC dismissed the Income Tax department’s plea alleging that former Nasscom chief Kiran S Karnik had evaded tax

The Supreme Court (SC) on Wednesday dismissed the Income Tax department’s plea alleging that former Nasscom chief Kiran S Karnik had evaded tax to the tune of Rs 3.71 crore in 2002-03 when he was heading Discovery Networks.The I-T department challenged a Gujarat High Court judgement that had dismissed its appeal holding that Karnik coul...

Read More
Posted Under: CA, CS, CMA |

Search Posts by Date

October 2020
M T W T F S S
 1234
567891011
12131415161718
19202122232425
262728293031