The results of the Chartered Accountants Professional Education – II, Professional Competence Examinations and Integrated Professional Competence Examination held in May, 2010 are likely to be declared tentatively on Wednesday, the 4th August, 2010 around 2 P.M. 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) on all India basis will be available on the following website:
The Securities and Exchange Board of India (SEBI) has constituted the Takeover Regulations Advisory Committee under the Chiarmanship of Mr. C. Achutan with the mandate to examine and review the Takeover Regulations of 1997 and to suggest the suitable amendments as deemed fit. The Committee has submitted its report on July 19, 2010 and structured its report into three parts
(i) in paras (a) and (b), for the words Indian Oil Corporation Limited wherever they occur , the words any public sector oil company shall respectively be substituted; (ii)in the proviso, for the words Indian Oil Corporation Limited at both the places where they occur, the words such public sector oil company shall be substituted.
The Reserve Bank of India has constituted up a Working Group under the Chairmanship of Shri P R Ravi Mohan, Chief General Manager, Department of Banking Operations & Development (DBOD), Reserve Bank of India, to address the implementation issues and facilitate formulation of operational guidelines in the context of International Financial Reporting Standards (IFRSs) convergence for the Indian banking system.
The Government has set a deadline of December 2011 for major telecom operators to adopt the next generation protocol for Internet services in the country.Called Internet Protocol version 6 (IPv6), the new standard will offer improved address space, quality of service and data security capabilities.
Mumbai : Nowadays Income Tax Department is issuing letters to taxpayers demanding them to pay tax which they already paid. These letters being sent out as a result of the income-tax department moving on to a computerised system, wherein taxes cut by your employer and those with whom you share a business relationship get listed under your name. The problem arises at the last link — where tax deducted by any organisation against your name has to appear. The system is not being able to connect the two fields, and hence, thinks you have not paid tax.
THE CBDT is truly excited and fully geared up to celebrate 150 years of income tax in India. The Governor General of India accorded to the bill levying the tax, introduced by James Wilson, the first Finance Member in Council, on 24th July 1860. The 150 years of income tax, spanning 3 centuries, have witnessed tremendous global changes.
Committee for Capacity Building CA Firms and Small & Medium Practitioners, ICAI launches Audit Toolkit (KDOC-eSecretary) and made arrangement for access to Capitaline TP Database for transfer pricing.Audit Tool Kit & Document Management Software
THE Central Bureau of Investigation has registered a case against the then Regional Provident Fund Commissioner-II(EPFC-II), Employees Provident Fund Organisation(EPFO), Sub-Regional Office, Vashi (Maharashtra), now posted at Thane, EPFO and the Enforcement Officer of EPFO, Vashi and others for causing loss of Rs.24.91 crores to Government.
The AO passed an assessment order in which he declined to follow the judgement of the Bombay High Court in CST vs. Pee Vee Textiles 26 VST 281 on the ground that the said judgement “is not accepted by the Sales Tax Department and legal proceeding is initiated against the said judgment”. On a Writ Petition filed by the assessee, the High Court has taken the view that as the said judgement in Pee Vee Textiles is not stayed,
