Real Estate Bill to Protect the Interest of the Consumers and Promote Fair Play in Real Estate Transactions The Real Estate (Regulation and Development) Bill, 2013, approved by the Union Cabinet yesterday is a pioneering initiative to protect the interest of consumers, to promote fair play in real estate transactions and to ensure timely execution […]
You may never know what results come of your action, but if you do nothing, there will be no result. -Mahatma Gandhi Dear Professional Colleagues, In today’s competitive environment, every Organisation is concerned about developing the potential of its people than ever before. It is healthy business practice that helps in enhancing the performance and […]
The Transfer Pricing provisions has been introduced in india in the year 2001. Since then it has come a long way. Now, the Finance Act’ 2012 has extended the scope of Transfer Pricing provisions to certain specified domestic transactions and introduced section-92BA in order to bring in certain specified domestic transactions undertaken by the enterprises […]
Guidance Note on Tax Audit After the introduction of provision for tax audit, the Institute has been bringing out a Guidance Note on Tax Audit to help the members in discharging their responsibilities. The ICAI has approved the revised edition of Guidance Note on Tax Audit, which includes significant amendments made in the Income-tax Act, […]
1. Practice outside India to be reckoned for fellowship As per the Scheme of Chartered Accountants Act, 1949 [Section 5(3)], a member is granted fellowship if he has been in continuous practice for five years within India. Recognising the fact that members of the ICAI have also been practising outside India, it has been decided […]
One challenge facing the human race is that of GLOBAL WARMING. Global warming is the rise in the average temperature of Earth’s atmosphere and oceans. Carbon credits and carbon markets are a component of national and international attempts to mitigate the growth in concentrations of greenhouse gases (GHGs). The goal is to allow market mechanisms to drive […]
It was earlier decided by ICAI to exempt Graduates/Post Graduates with specified percentage of marks and Intermediate level Examination passed students of The Cost Accountants of India and The Institute of Company Secretaries of India from passing the Common Proficiency Test (CPT).
Applicability of Pronouncements/Legislative Amendments/Circulars etc. for November, 2013 Intermediate (IPC) Examination Applicability of Pronouncements/Legislative Amendments/Circulars etc. for November, 2013 Final Examination.
State/Central co-operative banks are currently permitted to grant advances against gold ornaments and jewellery. Under gold loans, some banks may have granted advances against specially minted gold coins sold by banks. As pointed out in the monetary policy statement, while granting advance against the security of specially minted gold coins sold by banks
Notification No. 40/2013 – Income Tax S.O. 1464(E) – In exercise of the powers conferred by clause (v) of the Explanation to section 48 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), Central Board of Direct Taxes published in the Gazette of India, Extraordinary, vide number S.O. 709(E), dated the 20th August, 1998, namely:-
