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Whether a member can utilize residential place for commercial purpose?

February 26, 2014 1490 Views 0 comment Print

For utilizing entire residential place for commercial purposes means to change in utilization.  And it can be done by prior permission of the committee.  In the development rule there is a provision that members are allow to utilize some percent of his residential place for the profession based on their professional education (C.A., Advocate, Doctor, […]

Exposure Draft on Defined Benefit Plans: Employee Contributions (Amendments to Ind AS 19)

February 26, 2014 799 Views 0 comment Print

The ICAI has issued this exposure draft on Defined Benefit Plans: Employee Contributions which includes amendments to Ind AS 19 Employee Benefits. The exposure draft is open for public comments till March 25, 2014. To Read more Download the Attchment

Safeguard duty on imports of Sodium Nitrite into India

February 26, 2014 904 Views 0 comment Print

Central Government after considering the said findings of the Director General (Safeguards), hereby imposes on Sodium Nitrite falling under tariff item 2834 10 10 of the First Schedule to the Customs Tariff Act, when imported into India, a safeguard duty at the following rate,-

CBEC rescinds notification No. 18/2013 – Central Excise (NT), dated 31.12.2013

February 26, 2014 984 Views 0 comment Print

Notification No. 07/2014–Central Excise (N.T.) G.S.R. (E). – In exercise of the powers conferred by section 37 of the Central Excise Act, 1944 (1 of 1944) and section 94 of the Finance Act, 1994 (32 of 1994), the Central Government hereby rescinds the notification of the Government of India, Ministry of Finance

CBEC rescinds notification No. 17/2013 – Central Excise (NT), dated 31.12.2013

February 26, 2014 1083 Views 0 comment Print

Notification No. 06/2014–Central Excise (N.T.) G.S.R. (E). – In exercise of the powers conferred by section 37 of the Central Excise Act, 1944 (1 of 1944), the Central Government hereby rescinds the notification of the Government of India in the Ministry of Finance (Department of Revenue)

WIRC of ICAI elects Office Bearers

February 25, 2014 832 Views 0 comment Print

The following Regional Council Members have been unanimously elected as Office Bearers of Western India Regional Council of ICAI, for the year 2014-2015. CA. Anil Bhandari, Mumbai – Chairman CA. Julfesh Shah, Nagpur – Vice-Chairman CA. Shruti Shah, Mumbai – Secretary

ICAI to Release 2014 Guidance Note on Audit of Banks

February 25, 2014 1830 Views 0 comment Print

COMING SOON NEW PUBLICATION FROM THE AUDITING & ASSURANCE STANDARDS BOARD 2014 GUIDANCE NOTE ON AUDIT OF BANKS The Auditing and Assurance Standards Board of ICAI will soon bring out the 2014 edition of the Guidance Note on Audit of Banks. The 2014 edition has been thoroughly revised and revamped to reflect inter alia the […]

Revised List of Products eligible for VKGUY, MLFS & FPS Scheme wef 25.02.2014

February 25, 2014 9680 Views 2 comments Print

DGFT has issued revised lists of Products wef 25th February 2014 under Focus Product Scheme (FPS), Market Linked Focus Products (MLFP) and List Of Export Items Allowed Under Vishesh Krishi And Gram Udyog Yojana (VKGUY).

Reg. Plan to monitor cases where export obligation period and time prescribed for furnishing evidence of fulfilling of EO are over

February 25, 2014 756 Views 0 comment Print

Board has decided to strengthen the monitoring and make it uniform so that timely initiation of action to safeguard revenue can be invariably ensured as well as progress effectively tracked. Accordingly

Illegal Lifts in Building – An Analysis

February 25, 2014 26881 Views 7 comments Print

LIFTS  INSTALLATIONS  IN  SOCIETIES: 01.   Self-Sensitising, towards requirement of Lift-Elevator. a) Till about 20 years ago, most residential buildings in Mumbai, were upto Ground plus 3 or 4 storied buildings, wherein LIFT (Elevator) was not installed, since at that time it was not considered necessary and people preferred to climb stairs, irrespective of all odds.  […]

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