The broad IT plan for enabling GST was presented to the Government of India and the Empowered Committee of State Finance Ministers
Union Finance Minister Shri Pranab Mukherjee said that the growth in GDP at market prices at 9.7 per cent for 2010-11 reflects buoyancy in our tax collections. Shri Mukherjee was reacting to the Advance Estimates of National Income for 2010-11 releas
India and Isle of Man have signed a Tax Information Exchange Agreement (TIEA) on 4th February, 2011 in London. The agreement has been signed by Shri Nalin Surie, High Commissioner of India to the United Kingdom from Indian side and Hon. Anne Craine, MHK, Minister of the Treasury from Isle of Man side. This is the second TIEA being signed by India. First TIEA was signed by India with Bermuda in Delhi on 7th October, 2010.
Net direct tax collections during the period April 2010 to January 2011 stood at Rs.3,17,501 crore, up from Rs.2,63,765 crore in the same period last fiscal, registering a growth of 20.37 percent. Growth in Corporate Income Tax was 24.78 percent (R
Exclusion of certain topics in the CA Final Examination to be held in May, 2011 On a review of the Final Course syllabus, the Council has decided to exclude the following topics from the Final Examination to be held in May, 2011:-
Amid concerns of alleged ‘surrogate practices’ of ‘Big Four’ accounting firms,regulator ICAI has asked PriceWaterhouseCoopers, KPMG , Ernst & Young and Deloitte to desist from acquiring Indian audit outfits. “Worldwide, there is a talk that there
It is also said that “doing is the best way of saying.” Indeed, living is the best way of believing. We say all this in the light of the very good work being done by our Auditor General that is not being accompanied by action, by deeds. So much money
As per Co-operative Department’s letter, we are required to prepare single panel of partnership / proprietary firms and for members practicing in individual name for audit of Urban Co-operative Banks and Credit and other co-operative Societies in the
In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts
India’s largest insurer LIC today said its infrastructure bond issue is unlikely to hit markets this fiscal as it is still working out the modalities. We are working on a plan to come out with infrastructure bonds… It is unlikely to happen in the
