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Know about different status of challan in TDS/TCS statement

October 1, 2010 7187 Views 0 comment Print

# Booked: Challan / transfer voucher detail in the statement matches with corresponding details received from banks / PAO. # Match Pending: Corresponding challan details not received from the bank. # Match Failed (Challan): TAN and/or amount relating to a challan in the statement do not match with the corresponding details received from banks. # Match Failed (Transfer Voucher): Amount relating to a transfer voucher does not match with corresponding details received from PAO.

Extension of Common Proficiency Course (CPC) registration date till 4th October, 2010

October 1, 2010 555 Views 0 comment Print

Sub: Extension of Common Proficiency Course (CPC) registration date till 4th October, 2010. In view of the closure of banks on account of half yearly closing on 30th September, 2010, last date for registration to Common Proficiency Course (CPC) is extended upto 4th October, 2010 for being eligible to appear in the Common Proficiency Test […]

ICAI issues List of examinations treated as equivalent to senior secondary (10+2) examination

October 1, 2010 954 Views 0 comment Print

As per the Chartered Accountants Regulations, 1988 a candidate shall be registered for the Common Proficiency Test (CPT) if he has passed class 10th examination conducted by an examining body constituted by law in India or an examination recognized by the Central Government as equivalent thereto. Further, no candidate shall be admitted to the Common Proficiency Test (CPT) unless he is registered with the Board of Studies of the Institute and has appeared in the senior secondary examination (10+2) conducted by an examining body constituted by law in India or an examination recognized by the Central Government as equivalent thereto and has complied with such requirements as may be specified by the Council from time to time.

Know about three judges who delivered Ayodhya ruling

October 1, 2010 475 Views 0 comment Print

The three judges – two Hindus and a Muslim – of the Lucknow bench of the Allahabad High Court who Thursday authored the long-awaited verdict on the Babri Masjid-Ramjanmabhoomi dispute:

IDFC – tax-saving long-term infrastructure bonds under section 80CCF of the Income Tax Act, 1961

September 30, 2010 3160 Views 0 comment Print

IDFC is coming out with the country’s first ever public issue of infrastructure bonds through which the lender expects to mop up Rs 3,400 crore. The issue would open on September 30 and closes on October 18. It is the first public issue of bonds by an infrastructure finance company under Sec 80CCF of the Income Tax Act that allows tax benefits for investment in long-term infrastructure bonds. The bond issue proceed would be utilised to finance the infrastructure projects in the country.

Allahabad High Court Verdict in brief in Ayodhya Case

September 30, 2010 561 Views 0 comment Print

Allahabad High Court on Thursday ruled by a majority verdict that the disputed land in Ayodhya be divided equally into three parts among Hindus and Muslims and that the place where the makeshift temple of Lord Ram exists belongs to Hindus.

Brief Summary of Allahabad High Court decision in Ayodhya Case

September 30, 2010 1359 Views 0 comment Print

Bhagwan Sri Rama Viraj man & Ors. Vs. Sri Rajendra Singh & Ors. The instant suit was filed on behalf of the deities and Sri Ram Janm Bhumi through the next friend, praying that the defendants be restrained not to interfere in the construction of the temple of plaintiff nos. 1 and 2 on the ground that the deities are perpetual minors and against them Limitation Laws do not run.

M/s Panasonic India Pvt. Ltd. Vs. Income Tax Officer (ITAT Delhi)

September 30, 2010 2619 Views 0 comment Print

The advertisement reimbursement would definitely form a part of the operating profits of the assessee and would have to be taken into account for purposes of transfer pricing analysis.

Decision of Allahabad HC in Ayodhya Matters (Ram Mandir /Babri Masjid)

September 30, 2010 597 Views 0 comment Print

Allahabad HC rules by majority that disputed land in Ayodhya be divided into 3 parts, say lawyers. Land to be distributed among Waqf Board, Nirmohi Akhara, party for `Ram Lalla’, say lawyers. Status quo will be maintained at the disputed site in Ayod

Corrigendum No.5/2010 (F.No.142/13/2010-SO(TPL) dated 30/9/2010

September 30, 2010 733 Views 0 comment Print

Corrigendum No.5/2010 (F.No.142/13/2010-SO(TPL) “the above amendment has been made applicable with effect from 1st April, 2009 and will accordingly apply in respect of assessment year 2009- 10 and subsequent years.” the following lines shall be read; “the above amendment has been made applicable with effect from 1st October 2009

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