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Archive: 09 December 2010

Posts in 09 December 2010

Live Course on Grow Your IDT Practice & Preparation for GSTAT (GST Tribunal)

August 16, 2024 2118 Views 0 comment Print

Join our webinars on GST Tribunals preparation. Learn to grow your IDT practice and prepare for GSTAT with expert guidance. Register now for ₹899 + GST!

Announcement of Setting up of SICASA Branch at Udupi

December 9, 2010 474 Views 0 comment Print

the Institute of Chartered Accountants of India is pleased to announce the setting up of a Branch of Southern India Chartered Accountants Students’ Association at Udupi with effect from October 28, 2010.

IFRS expected to be effective from April 2011

December 9, 2010 250 Views 0 comment Print

Corporate India is likely to switch to the new accounting system as per schedule as all pending issues related to tax implications required for convergence with International Financial Reporting Standards (IFRS) have been addressed by the finance min

Income Tax officials raid 23 BPTP offices

December 9, 2010 420 Views 0 comment Print

Income Tax officials on Tuesday conducted a search-and-seize operation on several premises of real estate company BPTP under alleged cases of tax evasion. The search was carried out in 23 offices of the company across the NCR to ascertain facts about

Clean chit to banks, housing finance cos on foreclosure penalty

December 9, 2010 477 Views 0 comment Print

The levy of a penalty by banks and housing finance companies for foreclosure of home loans does not amount to abuse of dominant position, the Competition Commission of India (CCI) ruled on Tuesday, quashing borrowers’ hopes that the practice could be

Chartered Accountants Discuss New Ideas in the Field of Social Audit

December 9, 2010 339 Views 0 comment Print

The Institute of Chartered Accountants of India(ICAI), functioning under the aegis of the Ministry of Corporate Affairs, organized here today a seminar on Social Audit. A plethora of new ideas in this emerging field were discussed by the Chartered Ac

RBI Circular on Smart Order Routing – Clarification

December 9, 2010 453 Views 0 comment Print

This circular is issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992 to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.

CBDT Instructions on Income Tax Refunds for A.Y 2009-10

December 9, 2010 8426 Views 0 comment Print

INSTRUCTION NO. 9/2010 Reference may be made to Board’s Instruction No. 7, dated 16-8-2010 in which it has been stated, inter alia, that in cases where the return is filed in ITR-1 and ITR-2 for the A.Y. 2009-10, and where the TDS claim does not exceed Rs. three lakh and where the refund computed does not exceed Rs. Twenty five thousand, the TDS claim of the taxpayer shall be accepted at the time of processing of the returns provided the TDS payment reported in AS-26 is more than Rs. zero.

Six Weeks Residential Programme for PCC/IPCC/PE-II students/ newly qualified Chartered Accountants from January 20th, 2011 at Centre of Excellence, Hyderabad

December 9, 2010 279 Views 0 comment Print

Six Weeks Residential Programme on Professional Skills and Development has been initiated by Board of Studies, ICAI for the benefit of Chartered Accountancy Students and newly qualified Chartered Accountants. All the students who have passed PCC/IPCC

Penal action under Rule 173Q (1)(bb) of the Central Excise Rules, 1944 for wrongly taking credit

December 9, 2010 2731 Views 0 comment Print

The necessary facts, in brief are, that the show cause notice dated 15.2.1999 was issued to the assessee alleging that it had wrongly taken credit to the extent of 5,37,799 under Rule 57A of the Rules, during August 1998.

ICAI – Announcement of Setting up of CICASA Branches at Noida, Gwalior, Beawar, Agra and Bhilai

December 9, 2010 834 Views 0 comment Print

Institute of Chartered Accountants of India is pleased to announce the setting up of a Branch of Central India Chartered Accountants Students’ Association at Agra with effect from October 28, 2010.

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