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Archive: 14 February 2011

Posts in 14 February 2011

Notification No. 09/2011-Customs Dated: 14/02/2011

February 14, 2011 499 Views 0 comment Print

In the said notification, in the TABLE, in the column (3), for the words “within three months” wherever they occur, the words “within six months” shall be substituted.

Nischal Narayan age 15, Hyderabad boy cleared CA IPCC in November 2010 Exam in first attempt

February 14, 2011 4651 Views 0 comment Print

A city prodigy, Nischal Narayana, 15, has become the youngest person ever to clear the tough-as-nails Integrated Professional Competence Course, a crucial hurdle in Chartered Accountancy. Blessed with a super power memory and razor sharp mind, Nisch

India-born Anshu Jain tipped to become Deutsche Bank co-head

February 14, 2011 279 Views 0 comment Print

BERLIN: Speculation is growing that India-born Anshu Jain may take over as the co-head of Deutsche Bank , Germany’s largest private bank, together with Bundesbank President Axel Weber, when the incumbent Josef Ackermann retires in early 2013.

SBI ups interest rates by 25 bp

February 14, 2011 396 Views 0 comment Print

The country’s largest lender State Bank of India today raised lending and deposit rates on select maturities by 25 basis points in response to policy rate hike announced by Reserve Bank last month. SBI revised the base rate or the minimum lending ra

What is Dividend and Dividend yield?

February 14, 2011 699 Views 0 comment Print

Dividend is the share of the profit that a company decides to distribute to its shareholders. While the company pays tax on the distributed dividends, the shareholders can enjoy their dividends tax-free. Dividends are paid out of the standalone profits of the company. Thus, if a company has made loss on standalone basis and its subsidiaries are profitable, the company would not be able to pay out dividends.

Guideline for issue of credit of TDS claimed when TDS not Matching with 26AS for returns of A.Y. 2010-11

February 14, 2011 44669 Views 0 comment Print

INSTRUCTION NO. 2/2011 The issue of processing of returns for Asst. year 2010-11 and giving credit for TDS has been considered by the Board. In order to clear the backlog of returns, the following decisions have been taken: (i) In all returns (ITR-1 to ITR-6), where the difference between the TDS claim and matching TDS amount reported in AS-26 data does not exceed Rs. 1 lac, the TDS claim may be accepted without verification.

Download RTP for May 2011 CA PCC, IPCC & Final Exams

February 14, 2011 17075 Views 0 comment Print

Download Revision Test Papers(RTP) for May 2011 CA PCC,IPCC and Final Exams. IPCC RTP May 2011 , PCC RTP May 2011, FINAL RTP May 2011.

RBI Master Circular on Micro Credit

February 14, 2011 733 Views 0 comment Print

Some of the microfinance institutions (MFIs) financed by banks or acting as their intermediaries/partners appear to be focussing on relatively better banked areas, including areas covered by the SHG-Bank linkage programme. Competing MFIs were operating in the same area, and trying to reach out to the same set of poor, resulting in multiple lending and overburdening of rural households.

Public Notice No. 31(RE-2010)/2009-2014, Dated: 14.02.2011

February 14, 2011 516 Views 0 comment Print

The EOP for the products stated in Appendix 30A shall be counted from the date of clearance of individual import consignment by Customs authority for this purpose, following changes have been made:

Amendment in paragraph 4.24A related to Advance Authorisation for Annual Requirement in HBP v1

February 14, 2011 679 Views 0 comment Print

Within eligible entitlement, an exporter may apply for one or more than one authorisation in a licensing year, subject to the condition that against one Port of registration, not more than five authorisations can be issued for same product group.

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