The Institute of Chartered Accountants of India (ICAI) is pleased to welcome all Firms of Chartered Accountants (CAs) and leading companies to the forthcoming Exclusively Structured Campus Placement Programme for Small & Medium Sized Enterprises(SMEs) and the Small and Medium Sized CA Firms. The Committee for Members in Industry (CMII) of the ICAI has been successfully organising placement programme for newly qualified Chartered Accountants (CAs) twice a year.
Notification No. 18/2011 – Income Tax The return of income required to be furnished in Form SAHAJ (ITR-1) or Form No. ITR-2 or Form No. ITR -3 or Form SUGAM (ITR-4S) or Form No. ITR -4 or Form No. ITR-5 or Form No. ITR -6 shall not be accompanied by a statement showing the computation of the tax payable on the basis of the return, or proof of the tax, if any, claimed to have been deducted or collected at source or the advance tax or tax on self-assessment, if any, claimed to have been paid or any document or copy of any account or form or report of audit required to be attached with the return of income under any of the provisions of the Act.
In one of the International economic forum held recently at Singapore, it was opined by some experts that Indian Economy may still be trailing China’s now but it can catch up if the country opens up its financial sector more. They said the problem could be due to the lack of foreign capital inflows. Experts explained this is because a few large businesses and conglomerates control a large part of the Indian economy and are unwilling to partner with foreign companies. India has the technology, the entrepreneurship and the brands. These are the potential assets that experts believe can lead to strong GDP growth in India.
1. National Institute of Accountants, Melbourne, Australia and The Institute of Cost and Works Accountants of India (ICWAI), have signed a Memorandum of Understanding (MoU) on 9th March, 2011. 2. It will develop the profession of accounting for the benefit of their members and students in the pursuit of excellence in education and training and continuing professional development in accounting including cost and management accountancy.
Justice Shiv Narayan Dhingra (Retd.) has taken over as Chairperson of Appellate Authority constituted under Section 22A of the Chartered Accountants Act, 1949, Cost and Works Accountants Act, 1959 and Company Secretaries Act, 1980 w.e.f. from 1st April, 2011
The probe into the 2G spectrum scam has revealed that former Telecom Minister A Raja ”deliberately and dishonestly” did not consider auction or revision of entry fee and threw away the licences of radio waves at the rate prevailing in 2001, depriving the government of huge revenue, the CBI has said.
CORRIGENDUM- Dated: April 4, 2011 – In the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 25/2011-Service Tax, dated the 31st March, 2011 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 283 (E), dated the 31st March, 2011, in rule 9,-
Government of India have announced the issue of 8.01 per cent ‘Postal Life Insurance Government of India Special Security 2021’ for Rs 4,000 crore (nominal) and 8.08 per cent ‘Postal Life Insurance Government of India Special Security 2023’ for Rs. 3,000 crore (nominal). The Special Securities are being issued at par to Directorate of Postal Life Insurance on March 31, 2011 (Thursday) to convert part of the frozen corpus of Post Office Life Insurance Fund (POLIF) and Rural Post Life Insurance Fund (RPOLIF).
