CA Sudhir Halakhandi The xml utility of E-filing of Tax audit report is under process of continuous alterations, amendments, modifications and the last in this series of is introduced on 24th Aug 2013. Our first question is that why so many amendments, modification, alterations are required in this utility. The answer is very simple because […]
I am deeply honoured and privileged to address one and all in my CMA fraternity, well-wishers and guides through this esteemed column on my assuming as the 56th President of the Institute.
Fraudulent Activities by Companies The Ministry of Corporate Affairs has received complaints against certain companies for allegedly defrauding investors by offering high returns. Giving this information in written reply to a question in the Lok Sabha recently, Shri Sachin Pilot, Minister of Corporate Affairs, said that during the last three years and the current […]
There have been some news stories in the media in the last couple of days about the Reserve Bank of India discussing/considering various options of converting idle gold, including that available with temple trusts, into bullion. The Reserve Bank clarifies that no such proposal is under its consideration at this juncture. Alpana Killawala Principal Chief […]
ICAI President’s Message – September 2013 – (30-08-2013) Dear Friends, I sincerely express our gratitude to everybody who has helped in shaping the journey of the accountancy profession of India in the past. I would extend my deep appreciation to all of them for their sheer sense of wisdom and keenness to guide our profession, […]
The Companies Bill, 2012 is not applicable for the December 2013 session of examination. The syllabus for the exams would be based on the Companies Act, 1956. The highlights and important provisions of the Companies Bill, 2012 may be asked in the question papers.
Voluntary Compliance Encouragement Scheme for Service Tax DefaultersThe Service Tax Voluntary Compliance Encouragement Scheme (VCES) has been brought into effect from 10.05.2013 to encourage voluntary compliance and broaden the service tax base by waiver of interest, penalty and any other consequences to a stop filer, non-filer or non-registrant or any other service provider who is […]
The movement of the exchange rate of the Indian Rupee recently has been a matter of concern. The Rupee has depreciated sharply against the dollar since the last week of May. There are concerns, and justifiably so, of the impact this would have on our economy.
How to calculate cost per unit of cost object in a situation of reciprocal consumption of resources between each others. For example in a chemical manufacturing unit various types of utilities are required.
Tax Evasion by Foreign Companies Data on dollars transferred abroad by foreign companies in India is not centrally maintained by the government. However, with a view to prevent shifting of profits out of India and consequent erosion of the Indian tax base, selected international transactions undertaken are analysed every year in accordance with the transfer […]
