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Archive: 30 November 2010

Posts in 30 November 2010

Webinar on Critical Issues in Faceless Assessments under Income Tax Act, 1961

February 14, 2025 3333 Views 0 comment Print

Join our webinar on Faceless Tax Assessments under the Income Tax Act, 1961. Learn concepts, challenges, and solutions from expert CA Hari Agarwal, FCA.

11 real estate companies are already under CCI scanner

November 30, 2010 384 Views 0 comment Print

Within a week of the CBI arresting senior bankers in the housing finance racket, the competition watchdog CCI on Monday said 11 real estate companies are already under its scanner. “I can only say that of the 137 cases that we are handling, 11 pertai

Banks want RBI to define teaser loan schemes

November 30, 2010 429 Views 0 comment Print

Even as Corporation Bank has decided to be the first one to withdraw teaser loan schemes, others led by the State Bank of India (SBI) have asked the Reserve Bank of India (RBI) to define teaser loans. Stung by the public criticism of teaser rates, SB

Common Proficiency Test – Proposed amendment in the Chartered Accountants Regulations, 1988

November 30, 2010 795 Views 0 comment Print

Common Proficiency Test: The Council at its 300th meeting reviewed the requirement for passing the Common Proficiency Test and decided that a candidate shall have to obtain at one sitting, a minimum of 30 per cent marks (out of maximum marks specifie

Whether Higher Stock than Actual Declared to Bank Attracts Additions U/s 69 of the Income Tax Act 1961

November 30, 2010 2195 Views 0 comment Print

Section 69 of Income Tax Act deals with the cases of unexplained investments which have been made by the assessee but not accounted for in his books of accounts if any maintained and for which no satisfactory explanation is offered by the assessee.

Announcement Regarding ISA AT to be held in Dec 2010 – (29-11-2010)

November 30, 2010 297 Views 0 comment Print

The Committee on Information Technology, has introduced, New Syllabus, with effect from April 2010 for which first Assessment Test will be held in Dec 2010. It has been decided that the members already registered for the ISA course prior to April 20

Income Tax Department is releasing 3 new services on the e-filing website

November 30, 2010 297 Views 0 comment Print

Income Tax Department is releasing 3 new services on the e-filing website Income Tax Department is releasing 3 new services on the e-filing website. These are available from the ‘Services’ menu on the Menu Bar on top. The services are available without requiring any login (and are also available under ‘My Account’ as well) are: […]

'CAs should be watchdogs of the economy' – Chairman CBDT

November 30, 2010 357 Views 0 comment Print

Indian economy is buoyant, strong and has kept recession at bay and to keep the progress going, the contribution of chartered accountants is important. They must act as the watchdogs of economy and contribute to nation building,

Know ITR-V receipt status, Income Tax Refund failure status and processing status of e-Returns in respect of return file

November 30, 2010 315 Views 0 comment Print

Income Tax Department is releasing 3 new services on the e-filing website. These are available from the ‘Services’ menu on the Menu Bar on top. The services are available without requiring any login (and are also available under ‘My Account’ as well)

CBI files fresh status report in SC on 2G probe

November 30, 2010 276 Views 0 comment Print

The CBI today filed in the Supreme Court a fresh status report on its ongoing investigation into the 2G spectrum scam allegedly involving former Telecom Minister A Raja, responding to posers by the judges and explaining in detail the nature of the pr

ICAI President's Message – December 2010

November 30, 2010 681 Views 0 comment Print

All of us have responsibility towards the society we live in. Let us realise the position of our profession and understand that we should better displease others and do what we know is right than we make others happy by doing what we realise is unjus

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