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New centralized system for processing excise and service tax returns by the end of this year

September 19, 2009 648 Views 0 comment Print

 The new centralised system for processing excise and service tax which would the save tax payer’s time and money would be rolled out across the country by the end of this year, CBEC Additional Director General of Systems D P Dash said here.  The new system– Automation of Central Excise and Service Tax (ACES) – […]

CVC disclosed names of 123 corrupt government officials

September 19, 2009 612 Views 0 comment Print

IN A first, the Central Vigilance Commission has disclosed the names of 123 government officials, which includes three IPS officers, against whom it has suggested sanction for prosecution or imposition of penalty for alleged corruption.

Stricter Permission process for pursuing a course alongwith articleship

September 19, 2009 876 Views 0 comment Print

Permission for pursuing a course along articleship [Regulations 65 & 78, Form 112] – (18-09-2009) Attention of the students /articled assistants is drawn to Regulation 65 of the Chartered Accountants Regulations, 1988, reproduced below: – “Without the previous permission of the Council, obtained on application made in the approved form, no articled assistant shall, during […]

Share brokers are eligible to claim bad debts as expense

September 19, 2009 1051 Views 0 comment Print

CIT Vs. Db (India) Securities Ltd. (Delhi High Court) The assessee, a broker, purchased shares of the value of Rs.1,06,10,247 on behalf of its sub-broker. The sub-broker made payment of Rs.64 lakhs. As the remaining amount of Rs.41,37,881 was not paid, the assessee did not deliver those shares to the client though it offered the brokerage to tax.

Career Opportunities in Mutual Fund Industry

September 19, 2009 7956 Views 1 comment Print

Indian retail investors are considered to be risk averse due to many reasons. Mutual Funds can therefore be regarded as a boon for such investors. Mutual Fund industry is playing an active role in the capital market today and is one of the fastest growing industries. What’s a Mutual Fund? Wikipedia says, “a mutual fund […]

Career & Job–Are these two different?

September 19, 2009 546 Views 0 comment Print

As the title of this article suggests, are these two – Career & Job – different? This article tries to analyze the concept of and the need to understand ‘Career’ and ‘Job’.

Carbon Credit: A Market Based Instruments (MBI) for Environmental Benefits

September 19, 2009 951 Views 0 comment Print

Environmental Management – Introduction Environmental Law is perceived as one of the most important tools of environmental management. Protection of environment from degradation has now not just remained a legal issue but a management issue.

Basel Norms and Indian Banking System

September 19, 2009 3446 Views 0 comment Print

Amidst globalisation Banking System in India has attained vital importance. Day by day there has been increasing banking complexities in banking transactions, capital requirements, liquidity, credit and risks associated with them. 

Announcement regarding extension of Last date for submission of Nomination Forms: ICAI

September 19, 2009 507 Views 0 comment Print

Announcement regarding Submission of Nomination Forms ELECTION – 2009 September 17, 2009.  In view of the three consecutive holidays falling on Saturday, the 19th, Sunday, the 20th and Monday, the 21st September, 2009, it has been decided to accept, as a special case, the nomination forms for

IRDA proposes to come out with disclosure norms for IPO by insurance companies by this month

September 19, 2009 378 Views 0 comment Print

Insurance regulator IRDA proposes to come out with disclosure norms for initial public offering (IPO) by insurance companies by this month end, its chairman J Hari Narayan said on Friday. “We will be ready with the disclosure norms by the end of this month,” Narayan, the chairman of the Insurance Regulatory and Development Authority, said.

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