StanChart Bank expects food prices to push up overall inflation to 8.3 per cent in December, which will prompt the Central Bank to raise policy rates by 50 basis points in the current fiscal. The bank said in its report that it expects the first rate
The Institute is receiving number of representations from the articled assistants regarding non-adherence to working hours during their practical training period as prescribed in Regulation 60 of the Chartered Accountants Regulations, 1988 which reads as under:
Union Finance Minister Shri Pranab Mukherjee held meeting with the stakeholders of different Industry Groups to get their inputs for General Budget 2011-12, here today. This was the second meeting in the series of pre-Budget consultations held by Fin
Download Suggested Answers – November 2010 CA Final Old Course PAPER – 5 : COST MANAGEMENT PAPER – 6 : MANAGEMENT INFORMATION AND CONTROL SYSTEMS PAPER – 7 : DIRECT TAXES PAPER – 8 : INDIRECT TAXES
Joint CIT v. Rolta India Ltd. (SC) -Can interest under sections 234B and 234C be levied where a company is assessed on the basis of book profits under section 115JB? On this issue, the Supreme Court observed that there is a specific provision in section 115JB(5) providing that all other provisions of the Income-tax Act, 1961 shall apply to every assessee, being a company, mentioned in that section. Section 115JB is a self-contained code pertaining to MAT, and by virtue of sub-section (5) thereof, the liability for payment of advance tax would be attracted. Therefore, if a company defaults in payment of advance tax in respect of tax payable under section 1 15JB, it would be liable to pay interest under sections 234B and 234C. Therefore, interest under sections 234B and 234C shall be payable on failure to pay advance tax in respect of tax payable under section 1 15JB.
NOTIFICATION Ref. No. DS-3/1/1/11, Dated:-January 10, 2011 Finance Act, 2010 involving Assessment Year 2011-2012 will be applicable for the subjects Applied Direct Taxation (Intermediate), Applied Indirect Taxation (Intermediate) and Indirect & Direct – Tax Management (Final) for the purpose of June 2011 term of Examination under Revised Syllabus 2008. Arnab Chakrabofrt Director – Studies ICWAI
In pursuance of Clause (3) of Schedule 2 of the Cost and Works Accountants (Election to the Council) Rules, 2006, the addresses of different polling booths at place where there are more than one polling booth for the ensuing Election to the Council a
The revised tax treaty between India and Switzerland, to enable access to Swiss accounts of tax evaders, seems to have hit bureaucratic hurdle as the two governments are yet to notify each other on the required legal and procedural approvals. As per
India is poised to overtake the USA and emerge as the World’s second largest economy on purchasing power parity basis by 2050 and has the potential to supersede China to the top spot, says a report published by PwC. China is expected to overtake the
Onion prices on Friday eased by Rs 5-10 a kg in major metros following raids on traders by income tax (I-T) authorities in several states like UP, Tamil Nadu, Punjab, Haryana and J&K. As the I-T officers were swooping down on big onion traders, cabinet secretary K M Chandrasekhar is believed to have told state chief secretaries through a video conference to put the local taxes like octroi and mandi levies on hold for three months on vegetables.
