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RBI releases Report of the Committee on Comprehensive Financial Services for Small Business and Low Income Households

January 8, 2014 520 Views 0 comment Print

The Reserve Bank of India has today released on its website for public comments, the Report of the Committee on Comprehensive Financial Services for Small Business and Low Income Households and additional comments from two members in this regard. The Comments may be emailed or sent by post to the Principal Chief General Manager, Rural […]

RBI : Regulation Must keep Pace with Changing Dynamics of Commodities Market

January 8, 2014 546 Views 0 comment Print

The high and volatile global commodity prices have posed considerable challenges to the domestic monetary policy in several commodity importing countries. In this context, the paper investigates the role of financialisation of commodity markets (captured by speculative trading), global liquidity (private and official) and fundamental factors (emerging market demand) behind global commodity price inflation.

VCES Scheme Successful? Seems to be be

January 7, 2014 3513 Views 0 comment Print

CA Sandeep Kanoi As per the Government Officials they have collected nearly 5500 Crores till 29.12.2013 under the Voluntary Compliance Encouragement Scheme 2013 and it is  said by some official that final figure for VCES is in excess of Rs. 8000 Crore . As per CBEC Results Framework Document (RFD) for  2013-2014 the combined total […]

Gross direct tax collections during April-December up by 12.33 percent

January 7, 2014 841 Views 0 comment Print

Gross direct tax collections during April-December of the current financial year 2013-14 is up by 12.33 percent and stood at rs. 4,81,914 crore as against rs. 4,29,023 crore in the same period last year.

Non machine readable passports will be invalid from 2015

January 5, 2014 1169 Views 0 comment Print

The International Civil Aviation Organisation (ICAO) has set a deadline of the 24th November 2015 for globally phasing out all non-Machine Readable Passports (MRPs). From 25th November 2015 onwards, foreign Governments may deny visa or entry to any person travelling with a non-MRP passport.

FASB issues private company framework and definition of public business entity

January 5, 2014 966 Views 0 comment Print

The Financial Accounting Standards Board (FASB) and the Private Company Council (PCC) issued on December 23, 2013 the final Private Company Decision-Making Framework: A Guide for Evaluating Financial Accounting and Reporting for Private Companies. The FASB also issued FASB Accounting Standards Update No. 2013-12, Definition of a Public Business Entity: An Addition to the Master […]

Format of details to submitted during Income Tax Assessment

January 4, 2014 17683 Views 0 comment Print

We have attached a file in excel format. The file contains the format of various details which normally assessing officer asks Assessee to furnish during Scrutiny Assessment U/s. 143(3) of the Income Tax Act, 1961. We have attached the format of following details :-

MCA issuing notices to Companies not filed Annual Statement for FY 2012-13

January 4, 2014 2425 Views 0 comment Print

The companies are required to file their Balance Sheet and Profit & Loss Account and other documents in Form 23AC/ACA as required u/s 220 of the Companies Act, 1956 (‘Act’) read with Rule 7B of the Companies (Central Govt.’s) General Rules & Forms, 1956 (‘Rules’) with the jurisdictional Registrar of Companies (RoC) within 30 days of the date of Annual General Meeting

Finance Ministry / TARC Invites Suggestions For Tax Reforms From Tax Payers

January 3, 2014 900 Views 0 comment Print

LETTER [F.NO. TARC/MEETING/1/2013-14], DATED 24-12-2013 Government has set up Tax Administration Reform Commission with a view to reviewing the application of Tax Policies and Tax Laws in India in the context of global best practices. The Commission will work as an advisory body to the Ministry of Finance and recommend measures for reforms required in […]

CMA Examination – Rank List June 2013

January 3, 2014 1938 Views 0 comment Print

Rank List of FINAL Exam (June-2013 Term). Rank List of INTERMEDIATE Exam (June-2013 Term) Important announcement regarding rank certificate: “The Rank Certificate for December 2012 and June 2013 term will be awarded to the candidate during annual student convocation 2014. The details of annual student convocation will be uploaded soon.”

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