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Archive: 16 July 2011

Posts in 16 July 2011

Colourable Device and Gains Taxable In USA Parent’s Hands , Sale of shares of foreign company taxable if object is to acquire the Indian assets

July 16, 2011 1249 Views 0 comment Print

Though the reliefs claimed in these four writ petitions are different, the core issue raised in all these four writ petitions is, whether any income chargeable to tax in India has accrued or arisen or deemed to have accrued or arisen in India to New Cingular Wireless Services Inc

ICSI issues Guidelines for Peer Review of Attestation Services by Practising Company Secretaries

July 16, 2011 2983 Views 0 comment Print

With a view to regulate the profession of Company Secretaries and in terms of the powers vested, the Council is thus authorised to issue these guidelines for Peer Review. These guidelines serve as a mechanism intended to further enhance the quality of professional work of Practising Company Secretaries over a period of time, thereby ensuring that the profession of Company Secretaries continues to serve the society in the manner envisaged.

ICAI extends Common Proficiency Course (CPC) Registration Date to 5th October, 2011 foe Exam to be held in December, 2011

July 16, 2011 399 Views 0 comment Print

In view of the closure of banks on account of half yearly closing on 30th September, 2011, the last date for registration for Common Proficiency Course (CPC) shall be 5th October, 2011 for being eligible to appear in the Common Proficiency Test (CPT) to be held in December, 2011.

ICSI extends last date for payment of Annual Membership Fee for 2011-12 to 31st August, 2011

July 16, 2011 522 Views 0 comment Print

The Annual Membership fee and Certificate of Practice fee for the year 2011-12 became due for payment w.e.f. 1st April, 2011. The last date for payment of annual membership fee was 30th June, 2011 which has now been extended upto 31st August, 2011. Members who are yet to pay the fees are requested to pay the fee so as to reach the Institute latest by 31st August, 2011.

ICAI announces Date for CA Final, PCC, IPCC exams to be held in Nov 2011

July 16, 2011 1253 Views 0 comment Print

The next Professional Competence Course (PCC), Integrated Professional Competence Course (IPCC) and Final Examinations of the Institute will be held from 1st November, 2011 to 17th November, 2011 at the following centres . The last dates for receipt of application forms are 30th August, 2011 (without late fee) and 6th September, 2011 (with late fee of Rs. 500/-). Applications for admission to Professional Competence Course (PCC) Integrated Professional Competence Course (IPCC) and Final Examinations are required to be made either online at http://icaiexam.icai.org or in the prescribed forms which are priced at Rs. 500/- per form for PCC, IPCC & Final candidates.

Transfers and Postings Of Deputy / Assistant Commissioners of Income-tax vide CBDT Order No 122 of 2011 dated 15.7.2011

July 16, 2011 1133 Views 0 comment Print

Vide Order No 122 of 2011 dated 15.7.2011 the CBDT has transferred and posted Deputy / Assistant Commissioners of Income-tax with immediate effect

Govt to implement Scheme of Assistance for Prevention of Alcoholism and Substance (Drugs) Abuse

July 16, 2011 871 Views 0 comment Print

Ministry of Social Justice & Empowerment implementing a Scheme of Assistance for Prevention of Alcoholism and Substance (Drugs) Abuse for the ‘Whole Person Recovery’ of the addicts as part of our community based intervention and treatment strategy. The is the flagship scheme of Ministry in the field of drug demand deduction. The scope of the scheme includes awareness, early intervention, treatment and rehabilitation to ensure reintegration of the addicts into the social mainstream.

India to Host 14th Annual Meeting of Asia/Pacific Group on Money Laundering at Kochi From 18th to 22nd July, 2011

July 16, 2011 661 Views 0 comment Print

The Government of India will host the 14th Annual Meeting and 10th Annual Technical Assistance and Training Forum of the Asia/Pacific Group (APG) on Money Laundering at the Le Meridien Hotel, Kochi (Cochin), Kerala, India, from 18th to 22nd July 2011. The Union Finance Minister Shri Pranab Mukherjee would make the opening address on 19th July,2011 .

3 New Judges Appointed in the Bombay High Court

July 16, 2011 928 Views 0 comment Print

In exercise of the powers conferred by clause (1) of article 217 of the Constitution of India, the President is pleased to appoint (i) Shri Justice Kamalkishor Kapoorchandji Tated, (ii) Shri Justice Prasanna Bhalachandra Varale, and (iii) Shri Justice Shahrukh Jimi Kathawalla, Additional Judges of the Bombay High Court, to be Judges of the Bombay High Court, in that order of seniority, with effect from the dates they assume charge of their offices.

Committee recommends tax incentives to revamp Export Oriented Unit (EOU) scheme

July 16, 2011 1676 Views 0 comment Print

A committee has recommended a host of tax incentives like exemption from customs duty, central excise and service tax to revamp the 30-year old Export Oriented Unit (EOU) scheme. After expiry of tax benefits for the EOUs, the government in February has set up a committee under the chairmanship of Development Commissioner, Noida SEZ, to revamp the scheme in sync with the changing business environment and gel with the Special Economic Zones.

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