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Archive: 2010

Posts in 2010

Service Tax- Electricity meter installed in consumers’ premises and hire charges collected – whether covered under exemption for transmission and distribution of electricity

December 9, 2010 3132 Views 1 comment Print

A doubt has been raised whether renting of electricity meter by a service provider rendering the service of transmission or distribution of electricity, is covered by the exemption available under Notification No. 11/2010-ST dated 27.02.2010 and/ or 32/2010-ST dated 22.06.2010

SEBI prohibits 7 companies from accessing securities market

December 9, 2010 483 Views 0 comment Print

Market regulator SEBI today restrained six Gujarat-based companies and one entity from Maharashtra from dealing in securities market after they failed to redress investors’ grievances. These companies are — Ishwar Medical Services, Neon Resins and I

Hike in tax exemption limit of allowance paid to Operational level employees of transport systems

December 9, 2010 7549 Views 0 comment Print

The Finance Ministry has raised the tax exemption ceiling on the allowance paid to Operational level employees of transport systems including railways and domestic airlines for meeting their personal expenses during the duty performed in running the transport system from one place to another in India.

IT Department is conducting Investigations of IPL Irregularities

December 9, 2010 528 Views 0 comment Print

The Income Tax Department is conducting investigations in the case of BCCI-IPL and the franchisees to ascertain the source of investments by the teams, taxability of the income earned, taxability of the award of media rights and to detect violation

Ministry of Corporate Affairs to Organize India Corporate Week 2010

December 9, 2010 549 Views 0 comment Print

The first ever India Corporate Week was held last December and graced by the President of India involving 124programmes on the theme of Corporate Sector and Inclusive Growth. During this week, the Ministry of Corporate Affairs had released Voluntary

Specimen Signature card for ICWAI members

December 9, 2010 2241 Views 0 comment Print

Members of the ICWAI are requested to provide their specimen signature in the following format and send the same so as to reach The Secretary, The Institute of Cost and Works Accountants of India, 12, Sudder Street, Kolkata – 700 016 on or before by

Inauguration of Income Tax Office at Chinsurah, West Bengal

December 8, 2010 3926 Views 0 comment Print

Inauguration of Income Tax Office at Chinsurah, Dist-Hooghly, West Bengal by Honble Union Finance Minister Shri Pranab Mukherjee on 04.12.2010 – Publicity in the official web site

Finance ministry wants to make UID compulsory for securities transactions

December 8, 2010 546 Views 0 comment Print

The ministry of finance has sought the views of capital market regulator Securities and Exchange Board of India (Sebi) on making the unique identification (UID) number mandatory for all securities transactions, a move that, if implemented, could help

E Y Auditor found guilty of tampering with work papers

December 8, 2010 993 Views 0 comment Print

The Public Company Accounting Oversight Board disciplined Jacqueline Higgins, a manager in E&Y’s Boston office, alleging repeated violations of documentation standards and requirements to cooperate with the board’s inspection process. The disciplinar

Accountant is rated as among the 50 Best Careers of 2011

December 8, 2010 495 Views 0 comment Print

Accountant has been named one of the 50 Best Careers of 2011 by U.S. News & World Report, which based its list on projected employment growth and other factors. The Bureau of Labor Statistics forecasts that employment for accountants and auditors wil

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