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Signing of Form DIR-11 by CA/CS/CMA in case of resignation of foreign director

January 19, 2015 15327 Views 2 comments Print

In case a company has already filed Form DIR-12 with the Registrar under rule 15, a foreign director of such company resigning from his office may authorise in writing a practising chartered accountant or cost accountant in practice or company secretary in practice or any other resident director of the company to sign Form DIR-11 and file the same on his behalf intimating the reasons for the resignation.

Pass percentage & Toppers of CA Final Nov 14 & CPT Dec 14

January 19, 2015 31590 Views 0 comment Print

ICAI declares today Result of Chartered Accountants Final Examination held in November, 2014 and Common Proficiency Test (CPT) held in December, 2014. Pass percentage of CA Final November, 2014 Result of CA final Both Group has improved by 0.94% in comparison to pass percentage in June 2014 Examination , While result for Group has shown […]

Operationalisation of provisions of Para 5.11.2 of Hand Book of Procedure Vol.-1 (2009-14) [RE:2013]

January 19, 2015 568 Views 0 comment Print

All Regional Offices are requested to re-fix the annual average export obligation for EPCG Authorizations for the year 2013-14 accordingly. Reduction, if any, in the EO should be appropriately endorsed in the licence file of the office of RA as also in the Amendment Sheet to be issued to the EPCG Authorisation holder.

Business Trusts to file details of income distributed to unit holders

January 19, 2015 1939 Views 0 comment Print

Notification No.03/2015 – Income Tax S.O. 180 (E). – In exercise of the powers conferred by section 295 read with sub­section (4) of section 115UA of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely

Customs – Government hikes Exchange Rates of Swiss Franc

January 19, 2015 619 Views 0 comment Print

In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs hereby makes the following further amendments in the Notification of the Government of India, Ministry of Finance (Department of

DVAT Registration Online Process In 2015

January 17, 2015 58317 Views 168 comments Print

Hello readers, we all are fond of changes that took place in the near past under DVAT Act consequently nearly everything goes online including registration process; which was much simpler earlier when conducted manually , atleast in my opinion.

A Poem Dedicated to ICAI & Chartered Accountants

January 17, 2015 10881 Views 0 comment Print

I will start with our Motto, With regard to the Institute and its members in toto. That person who is awake in those that sleep, Works day and night to take a giant leap. A giant leap for a student is to win the CA Final game, For the one who has become, it is […]

SEBI gives a New Year gift – issues PIT Regulations, 2015

January 17, 2015 1880 Views 0 comment Print

SEBI on January 15, 2015 issued SEBI (Prohibition of Insider Trading) Regulations, 2015 (Regulations, 2015) which is to come into force on 120th date of its publication in Official Gazette. SEBI (Prohibition of Insider Trading) Regulation, 1992 (Regulations, 1992) shall stand repealed.

Disallowance u/s 40(a)(ia) for mere deduction of TDS under wrong section

January 17, 2015 3598 Views 0 comment Print

The provisions of section 40(a)(ia) of the Act has two limbs one is where, inter alia, assessee has to deduct tax and the second where after deducting tax, inter alia, the assessee has to pay into Government Account.

Falling Crude Prices – Hidden advantage to OPEC

January 17, 2015 2121 Views 0 comment Print

Many theories have come into effect relating to the reasons of fall in prices, disadvantage for Oil producers, adverse effects on economies etc. But, can you imagine that it may be Advantageous for Some. Just think once, In my Opinion it is little bit Advantageous to OPEC nations & Other Oil exporting countries whose primary revenue is from Export of crude oil. It must be sounding a little bit foolish but take a look on this view too.

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