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Archive: January, 2014

Posts in January, 2014

CA Final Results – Analysis of Last 22 Terms

January 16, 2014 29582 Views 0 comment Print

CA Final Results: May 2003 to May 2013: An Interesting Analysis of Last 22 Terms -CA Final Results of NOV 2013 term declared yesterday (15th January 2014) morning. First of all many congratulations to NEWLY Qualified CA’s. In recent times, Hiring of Newly passed CA’s had hits an all time low and as per the information available in various sources, number of CAs passed in last 2-3 terms had not get good placements.

SC Judgment in Hill Properties case – Substance seems to have prevailed over Form

January 16, 2014 3085 Views 2 comments Print

On a close reading of the SC judgment, but in between lines, one is left with an indelible impression that the court, in deciding the issue in the Respondent’s favour, though not explicitly said so, appears to have been inclined to go by the SUBSTANCE, instead of the FORM.

S. 272B Penalty is Rs. 10000 per deductor and not per wrong PAN

January 15, 2014 7216 Views 0 comment Print

The assessing officer had imposed penalty of Rs. 10,000/- in each case where PAN Number was not provided by the deductee. There were in all 30706 cases in which the PAN Number was missing or was incorrectly stated.

Levy of additional tax under Section 7A of the Haryana Value Added Tax Act, 2003 on lump sum paying dealers

January 15, 2014 4143 Views 0 comment Print

Haryana State Government has recently clarified vide Circular No. 41/St-1, Dated:-14.1.2014 that additional surcharge i.e. at the rate of 5% shall be applicable to all the composition dealers registered under Haryana Sales tax except the retailer dealer under composition scheme pursuant to Rule 52.

Type Approval Certificate issuing agencies under Policy Condition number 7 and 9 of Chapter 87 of ITC(HS) 2012

January 15, 2014 1477 Views 0 comment Print

The list of International accredited agencies for issuance of Type Approval Certificate / COP as notified by United Nations Economic and Social Council dated 15th February, 2013 is at Annexure – I (page 318-365) of the document which can be accessed at: http://www.unece.org.fileadmin/DAM/trans/main/wp29/wp29regs/updates/ECE-TRANS-WP.29-343-Rev.21.pdf.

Amends Notification No. 36/2001-Customs (N.T.), dated the 3rd August, 2001

January 15, 2014 802 Views 0 comment Print

In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs, being satisfied that it is necessary and expedient so to do, hereby makes the following amendment in the

CA Final Exam Nov,13 and CPT Dec,13 – Pass Percentage, Toppers

January 15, 2014 13169 Views 0 comment Print

The Institute of Chartered Accountants of India (ICAI) today announced the following results 1) Chartered Accountants Final Examination held in November, 2013. 2) Common Proficiency Test (Paper Pencil Mode) held on December 15, 2013. Since December 1949, the Chartered Accountancy Examination is held twice in a year. Chartered Accountants Final Examination held in November, 2013. […]

Exam Dates / Time Table, Centres for CA IPC and CA Final Exam for May 2014

January 15, 2014 20478 Views 0 comment Print

INTERMEDIATE (IPC) EXAMINATION for May 2014 will be held on Group-I: 27th , 29th , 31st May 2014 and 2nd June 2014, Group-II: 4th, 6th and 8th June 2014. CA FINAL EXAMINATION for May 2014 will be held on Group -I: 26th , 28th , 30th May 2014 and 1st June 2014, Group -II: 3rd, 5th, 7th and 9th June 2014.

ICAI: Common Proficiency Test (CPT) June 2014 exam date , Centres, time table

January 15, 2014 1349 Views 0 comment Print

Common Proficiency Test will be held on Sunday, 22nd June, 2014 in two sessions as below, at the following centres provided that sufficient number of candidates offer themselves to appear from each centre.

Understanding Deficit Financing

January 15, 2014 1199 Views 0 comment Print

Deficit financing is that, which, if used responsibly, can lead an economy to prosperity; however, if used thoughtlessly, can do the opposite. It is the tool suggested years ago by known economist John Keynes, and used today throughout the world by various finance ministers of different economies in their budgets.

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