The commerce and industry ministry has recommended a ban on foreign direct investment in cigarette manufacturing and allied products involving tobacco, an official said. “We have sent the note to ban FDI in cigarette manufacturing and allied products to the Cabinet and it is expected to be taken up soon,” the official said.
TELECOM giant Vodafone has told the Delhi high court that the discount offered by it to the prepaid distributors is not commission and hence the company is not liable to deduct tax at source on the sale of talk time by the company. It has challenged revenue department’s demand of about Rs 5 crore alleging non-deduction of tax at source for April 2009-Feb 2010
The Madras High Court has stayed the operation of an Income Tax Act provision, which requires debenture-holders to furnish the Permanent Account Number along with Form 15G to claim exemption from tax deduction at source. Justice KN Basha granted the interim relief to PS Kamala, saying the condition was contrary to the relevant provisions of the Income Tax Act.
The Staff Section Commission has announced the final result of Tax Assistant (Income Tax & Central Excise) Examination 2009 held on 13th December, 2009 except Andhra Pradesh and one centre in Allahabad (UP) and Tax Assistant (Income Tax & Central Excise) where re-examination-2009, was held on 7th February, 2010. (840 candidates have been recommended for appointment to the post of Tax Assistant (Income Tax & Central Excise). Details are available on the Website: http://ssc.nic.in
The file attached below contains some of the queries raised by the members in relation to the audits of banks and bank branches for the year ended 31.March 2008. The queries were responded by an expert panel comprising senior members from the profession. The responses given by them represent the personal vies of the concerned expert(s).
Compilation of Suggested Answers is a subject-wise compilation of answers to questions set in the Institute’s examinations over a number of years. The compilation in the subject of “Advanced Accounting” covers a period of three years – May, 2007 to November, 2009 and contains compilation of suggested answers of six examinations.
Proposals are invited by Delhi Pollution Control Committee for Accounting Services. Scope of work: Writing of Accounts Books on day to day basis.The approximate annual expenditure of Delhi Pollution Control Committee for the year 2007-08 and 2008-09 is Rs. 4.32 and 7.01 Crore respectively.
Proposals are invited by Delhi Pollution Control Committee for Internal and Concurrent audit for the period 2007-08 and 2008-09. Scope of work: Internal audit on monthly basis. The approximate annual expenditure of Delhi Pollution Control Committee for the year 2007-08 and 2008-09 is Rs. 4.32 and 7.01 Crore respectively.
The next Common Proficiency Test (CPT) of the Institute will be held on 20th June, 2010. The sale of Information Brochure cum Examination Application forms for the said test would commence from 6th April, 2010. The last date for sale and receipt of filled in application is 27th April, 2010.
Amendments in the notification of the Government of India, Ministry of Finance, Department of Revenue, No. 19/2007-Service Tax, published vide number G.S.R. 354(E), dated the 12th May, 2007
