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Two Years Rigorous Imprisonment to Then Deputy Commissioner of Customs & Central Excise in a Disproportionate Assets Case

August 5, 2013 2124 Views 0 comment Print

            The Special Judge for CBI Cases, Chennai, has convicted Shri. K.R Velu, then Deputy Commissioner Customs & Central Excise, Chennai in a disproportionate assets case and sentenced him to undergo two years Rigorous Imprisonment with fine of Rs. 25,000/-.

Foreign citizens/NRIs can now pay PAN application fee in any currency using Credit /Debit Card

August 3, 2013 1640 Views 0 comment Print

As per information uploaded on NSDL website Facility for payment of PAN application fee in Indian Rupees & foreign currency by foreign citizens/NRIs using ‘Credit Card/Debit Card’ is now available for those applicants who apply PAN online. Foreign Citizen /NRI if If communication Address is within India can pay by any of the following methods […]

ICAI – Time limit for preferring an application by an examinee for inspection and/or certified copy of his evaluated answer books

August 3, 2013 1144 Views 0 comment Print

The time limit for preferring an application by an examinee for inspection and/or certified copy(ies) of his/her evaluated answer book(s), shall henceforth, be one month from the date of declaration of result of the respective examination;

CMA President Communique for August, 2013

August 3, 2013 877 Views 0 comment Print

I am happy to inform that our Council has approved the constitution of the National Advisory Board consisting of eminent persons from industry and other sectors to provide insight and formulate strategies and policies of the Institute to fit in with the emerging economic environment and provide leadership in the field of Cost and Management Accounting. Their valuable guidance would enable the Institute to lay down the way forward and achieve the desired objectives.

Amendment to the Right to Information Act, 2005

August 2, 2013 2436 Views 0 comment Print

he Union Cabinet has approved introduction of a Bill in the coming session of the Parliament to amend the Right to Information Act, 2005, to exclude the political parties from the definition of Public authority for the purpose of the Act. The Central Information Commission (CIC) in its decision dated 03.06.2013, has held that the […]

New user-friendly features, Tips to File & Due Date for Oct 12 – Mar 13 ST-3 Return

August 2, 2013 2661 Views 0 comment Print

Previously, the assessees were able to view the filed returns using the option, ‘View Original ST3’. This facility has been enhanced with a new feature by displaying in the return, the list of error codes (with corresponding error messages). This will help the assessees to know about the errors so that they can exercise the option of filing Revised return by rectifying the errors. This facility will be made available shortly and the exact date will be intimated on ACES website.

ICAI Revises syllabus of selected papers of Intermediate and Final Courses

August 2, 2013 15514 Views 7 comments Print

Revision of syllabus of Group – I – Paper- 4 – Taxation – Part – II and Group – II – Paper – 7 – Section A: Information Technology of Intermediate (IPC) Course; and Group – II – Paper – 6 Information Systems Control and Audit and Group – II – Paper – 8 – Indirect Tax Laws of Final Course

Pass Percentage & Toppers of of CA Intermediate (IPC) May 2013

August 1, 2013 9032 Views 0 comment Print

The top three rank holders on all India basis of Chartered Accountants Intermediate (IPC) Examination held in May, 2013 are from Mumbai, Surat, Vuyyuru (Andhra Pradesh) and Vadodara respectively.

Govt amends defination of term “control” for calculation of total foreign investment in Indian companies

August 1, 2013 1120 Views 0 comment Print

Review of the policy on foreign direct investment-definition of the term “control”, for calculation of total foreign investment i.e. direct and indirect foreign investment in Indian companies The Cabinet Committee on Economic Affairs has approved the proposal of the Department of Industrial Policy & Promotion for amendment to the existing definition of “control” under the […]

Govt decides to amend provisions relating to FDI caps and routes in various sectors

August 1, 2013 1035 Views 0 comment Print

Review of Foreign Direct Investment (FDI) caps and routes in various sectors. Cabinet  Decision   The Union Cabinet today approved the proposal for review of Foreign Direct Investment (FDI) caps and routes in various sectors.  The Government has decided to amend the provisions relating to the FDI caps and routes in various sectors as under: 

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