BBC World News Channel will telecast a story on Income Tax Collections in India at 11 am and 10 pm on Sunday, 9th of June, 2013, and at 6 am on Monday, 10th of June, 2013, as part of India Business Report Show. The story will also be telecast on Monday, 10th of June, 2013, […]
CLARIFICATION ON QUERIES OF PROSPECTIVE INVESTORS/ STAKEHOLDERS ON FDI POLICY FOR MULTI-BRAND RETAIL TRADING (Paragraph 6.2.16.5 of ‘Circular 1 of 2013-Consolidated FDI Policy’) Following issues are under consideration: i. Sourcing restriction amongst ‘group companies’. ii. Requirement of 50% investment in ‘backend infrastructure’ within three years of the first tranche of FDI. iii. Requirement of 30% […]
Important Announcement BoS/ Announcement/ 227/2013 June 7, 2013 Sub: Treatment to be given to papers with different nomenclatures and marks spread over the entire duration of graduation / post graduation course for the purpose of admission to the CA Course under Direct Entry Scheme. ————- The Council in order to mitigate the hardship being faced […]
You may never know what results come of your action, but if you do nothing, there will be no result. -Mahatma Gandhi Dear Professional Colleagues, In today’s competitive environment, every Organisation is concerned about developing the potential of its people than ever before. It is healthy business practice that helps in enhancing the performance and […]
Guidance Note on Tax Audit After the introduction of provision for tax audit, the Institute has been bringing out a Guidance Note on Tax Audit to help the members in discharging their responsibilities. The ICAI has approved the revised edition of Guidance Note on Tax Audit, which includes significant amendments made in the Income-tax Act, […]
1. Practice outside India to be reckoned for fellowship As per the Scheme of Chartered Accountants Act, 1949 [Section 5(3)], a member is granted fellowship if he has been in continuous practice for five years within India. Recognising the fact that members of the ICAI have also been practising outside India, it has been decided […]
It was earlier decided by ICAI to exempt Graduates/Post Graduates with specified percentage of marks and Intermediate level Examination passed students of The Cost Accountants of India and The Institute of Company Secretaries of India from passing the Common Proficiency Test (CPT).
Applicability of Pronouncements/Legislative Amendments/Circulars etc. for November, 2013 Intermediate (IPC) Examination Applicability of Pronouncements/Legislative Amendments/Circulars etc. for November, 2013 Final Examination.
The Reserve Bank of India today released on its website, clarifications to queries on the Guidelines for Licensing of New Banks in the Private Sector. The Reserve Bank of India released the Guidelines for Licensing of New Banks in the Private Sector on its website on February 22, 2013. Following the issue of the guidelines, […]
One of the major functions of an insurer is investment of its funds and with the ever growing fund size of investments, safeguarding and protection of the same has acquired enormous significance. Insurance Regulatory and Development Authority (IRDA), the regulator, has put in place a tight framework for regulating this important function of insurers. The […]
