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ICAI Exam forms for IPCE, PE-II, PCE and Final Examinations will be available from 08th February 2010

February 6, 2010 726 Views 0 comment Print

The Sale of Examination Application Forms for Chartered Accountants Professional Education – II, Professional Competence Course (PCE), Integrated Professional Competence Course (IPCE) and Final Examinations and also for the Management Accountancy Course (MAC Part – I ),Corporate Management Course (CMC Part – I), Tax Management Course (TMC Part – I), Insurance and Risk Management Course (IRM) and international Trade Laws and World Trade Organization (ITL&WTO)

ICAI President's Message for February 2010

February 5, 2010 1559 Views 0 comment Print

This year has been the year of recognition. Our Institute has already achieved international recognition. National recognition was achieved recently when I received the award for “Recognition of Excellence” on behalf of the Institute from H.E. Smt. Pratibha Devisingh Patil, Hon’ble President of India.

Infighting, a way of life at ICAI

February 5, 2010 1341 Views 0 comment Print

Country’s regulator for chartered accountants (CAs), the Institute of Chartered Accountants of India or ICAI, which witnessed enormous mudslinging in the year 2009 has started 2010 also with infighting. The centre of the controversy again is Uttam Prakash Agarwal, the outgoing president.

ICAI found two GTB auditors guilty of professional misconduct

February 5, 2010 2381 Views 0 comment Print

Accounting regulator the Institute of Chartered Accountants of India (ICAI) today said it has found two auditors guilty of professional misconduct in the Global Trust Bank (GTB) scandal. A final notice would be soon sent to S Gopalakrishnan, facing trial in Satyam scam case, before pronouncing him guilty in the GTB scam, the ICAI said in a statement.

Surcharge Additional Tax levied under PVAT Act

February 4, 2010 2668 Views 0 comment Print

The Government of Punjab has levied Surcharge/Additional Tax @10% on all the goods under Punjab VAT Act 2005 other than those seecified as declared goods under section 14 of Central sales Tax Act 1956 with effect from 05-02-2010. However this surcharge or additional tax will be levied on Liquor with effect from 01-04-2010.

Entry Tax Imposed on new goods in Punjab

February 4, 2010 2966 Views 0 comment Print

The Government of Punjab,Department of Excise & Taxation has levied Entry tax on 12 new items Punjab Tax on Entry of Goods into Local Areas Act, 2000 (Punjab Act No.9 of 2000) with effect from 05-02-2010 vide notifications dated 01-02-2010. The new goods on which entry tax has been imposed along with the tax rate applicable are summarized hereinafter

Comments of Department of Revenue on First Discussion Paper on GST

February 4, 2010 1477 Views 0 comment Print

GST shall have two components: one levied by the Centre (Central GST), and the other levied by the States [State GST].

Section 372A – Inter corporate Loan/Investment/Guarantee/ Security

February 4, 2010 32960 Views 0 comment Print

Section 372A of the Companies Act, 1956 (The Act) deals with inter-corporate Loan, Investment, Guarantee and Securities in connection with loan. All the four transactions are frequently taken place in any company and henceforth the section becomes more important and therefore it requires to special heed by virtue of strict penal provisions and because of no much space to play.

Nucleus Software wins Gold shield for Best Annual Report, 2009, by ICAI

February 4, 2010 1093 Views 0 comment Print

The award under different categories is conferred on the basis of evaluation administered by ICAI’s committee for the degree of compliance with the accounting standards, statutory guidelines and other relevant pronouncements which also include governance.

ICAI list of toppers in CA PEE- II examination, PCE examination and IPCE examination held in November 2009

February 4, 2010 2089 Views 0 comment Print

The Institute Of Chartered Accountants of India Declares Results of Professional Education Examination (PEE-II), Professional Competence Exam (PCE), and Integrated Professional Education Examination (

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