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Archive: April, 2010

Posts in April, 2010

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 7182 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

Tax on Income from building let out with other assets

April 30, 2010 3106 Views 0 comment Print

Where the assessee as the owner of the building was only exploiting the property as owner by letting out the same and realizing income by way of rent, such rental income was liable to be assessed under the head `income from house property’

High Powered Committee Set up by The ICAI

April 30, 2010 522 Views 0 comment Print

The Government has informed the Parliament that the Institute of Chartered Accountants of India (ICAI) in terms of Section 17(2) of the Chartered Accountants Act, 1949 constituted a fact finding Committee called High Powered Committee to look into the entire gamut of financial reporting,

ICAI eyeing work opportunities abroad for its members

April 30, 2010 2772 Views 0 comment Print

India chartered accountants eyeing work opportunities abroad will soon be spoilt for choice, with their nodal agency, the Institute of Chartered Accountants of India, negotiating with its counterparts in Canada, Singapore and Ireland to allow the professionals to take up assignments in these countries.

Institute of Company Secretaries of India to come out with new secretarial standard

April 30, 2010 525 Views 0 comment Print

To strengthen corporate governance practices, the Institute of Company Secretaries of India will soon come out with a new secretarial standard asking a director of a company to disclose his transactions with other entity in which he has financial interest.

Government agencies fully authorised to tap the phones of suspected tax evaders

April 30, 2010 420 Views 0 comment Print

Home minister P Chidambaram clarified in Parliament on Thursday that government agencies were fully authorised to tap the phones of suspected tax evaders. Chidambaram said the Central Board for Direct Taxes (CBDT) and other enforcement agencies were empowered to intercept phones to detect cases of tax evasion. However, he admitted that the present regime of phone-tapping needed more safeguards to prevent misuse.

Bill to enable CAs, Company Secretaries and Cost Accountants to form LLP

April 30, 2010 495 Views 0 comment Print

Government on 28.04.2010 introduced in the Rajya Sabha three bills to enable CAs, Company Secretaries and Cost Accountants to form limited liability partnership firms in line with global practices.

Govt Identifies SAR of Hong Kong for Double Taxation Avoidance Agreement

April 30, 2010 390 Views 0 comment Print

The Central Government have notified the “Hong Kong Special Administrative Region of the People’s Republic of China” as ‘specified territory’ for the purpose of Explanation 2 to Section 90 of the Income Tax Act 1961 vide Notification No. 25 of 2010 (F.No.500/124/9-FTD-II). The notification enables the Central Government to enter into a double taxation avoidance agreement with SAR of Hong Kong.

MCA asks ICAI to make IFRS training affordable

April 30, 2010 264 Views 0 comment Print

Secretary, Ministry of Corporate Affairs, asks ICAI to make affordable the training being imparted to professionals for converging Indian Accounting Standards with IFRS

Service tax on air travel not to impact adversely: Finance Minister

April 30, 2010 261 Views 0 comment Print

Finance minister Pranab Mukherjee on Thursday said service tax on air travel will not have any adverse impact as it is not linked to fare and has been capped at Rs 100 for domestic travel and Rs 500 for international travel.

Over 3.7 lakh companies not filed annual returns and balance sheets with ROC

April 30, 2010 763 Views 0 comment Print

Over 3.7 lakh companies have not filed annual returns and balance sheets, which is mandatory under the Companies Act, for the fiscal year 2008-09, Parliament was informed on Friday.

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