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NSDL Cautions on Fake Calls for collection of PAN Fees

October 25, 2016 4348 Views 2 comments Print

NSDL e-Gov does not make any calls for recovery / collection of amounts for issuance of PAN/processing PAN applications nor does it solicit any bank or credit / debit card details from the applicants over phone or e-mail.

Quarterly SMS on Deposits of TDS to salaried employees

October 24, 2016 3736 Views 0 comment Print

Income Tax Department to directly communicate deposit of tax deducted, through SMS alerts to salaried taxpayers, at the end of every quarter. In case of a mismatch, they can contact their deductor for necessary correction.

Empanelment of CA in practice with MCA as Mediator or Conciliator

October 24, 2016 3454 Views 0 comment Print

Regarding Empanelment of professionals for at least fifteen years of continuous practice as a Chartered Accountant with MCA as Mediator or Conciliator. – (24-10-2016) As you may be aware that Section 442 of the Companies Act, 2013 provides that the Central Government shall maintain a panel of experts to be called as the Mediation and […]

Industrial production likely to remain subdued

October 22, 2016 988 Views 0 comment Print

While the IIP is expected to remain muted owing to the low investment and weak external demand, it is likely to edge on the positive zone supported by the festive season related demand and the favourable base effect.

Goods & services tax boosts India’s business confidence: ACCA

October 21, 2016 1723 Views 0 comment Print

The passage of the Goods and Services Tax Bill in August has been an important sign that Prime Minister Modi will justify some of his claims of making India an easier place to do business in and trade with, which has improved sentiment.

Wrong marketing of ICAI course by private colleges/institutes

October 19, 2016 4024 Views 0 comment Print

General public are advised not to be swayed by the misleading advertisements/information by some of the colleges/educational institutions/private organizations/institutions which are representing themselves as college of finance/accountancy, offering admission for chartered accountancy course

ICSI advisory on suspension of WIRC Chairman & Secretary

October 18, 2016 2320 Views 1 comment Print

The Council in its 238th (adjourned) meeting held on Saturday, the 17th September, 2016 noted various serious and grave financial and other irregularities and non-compliances committed at WIRC including non-approval of annual accounts and non-holding of annual general meeting.

ICAI admits revision of marks by its Examination Committee

October 18, 2016 32419 Views 10 comments Print

It is seen that upon receipt of certified copies of answer books, some candidates notice that in some papers, marks awarded to them on the answer books are at variance with those on the statement of marks issued to them and seek clarifications.

Guidance note on Audit of Consolidated Financial Statements

October 17, 2016 13727 Views 1 comment Print

17.10.2016 Guidance Note on Audit of Consolidated Financial Statements (Revised 2016) issued by the Auditing and Assurance Standards Board – (17-10-2016) 1. The Council of the Institute of Chartered Accountants of India had issued Accounting Standard (AS) 21 ‘Consolidated Financial Statements’ which was subsequently notified as a part of the Companies (Accounting Standards) Rules, 2006 […]

DRI seizes 21 kg Gold & Cash of Rs 6.44 crore

October 17, 2016 2563 Views 0 comment Print

DRI) makes seizure of about Rs 12.91 crore including 21 kg Gold worth Rs. 6.47 crore, and Indian Currency notes worth Rs 6.44 crore

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