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Direct Entry Scheme – Requirements for commencement of practical training & Eligibility criteria for IPC Exam

April 10, 2013 1877 Views 0 comment Print

Direct Entry Scheme – Requirements for commencement of practical training and Eligibility criteria for appearing in the Intermediate (IPC) Examination. In order to give overall information to the students who have registered for the Intermediate (Integrated Professional Competence) Course under Direct Entry Scheme and their eligibility to commence practical training and eligibility to appearing in […]

WCT Rate in Punjab enhanced from 5% to 6%

April 10, 2013 14741 Views 5 comments Print

Advocate Amit Bajaj Section 27 of the Punjab VAT Act, 2005 has been amended to enhance the rate of Works Contract Tax i.e   tax to be deducted from payments made to contractors and sub-contractor, from 5% to 6%. Now after the above amendment rate of WCT will be 6% under Punjab VAT Act, 2005.

3 Years Jail to Excise Superintendent from Thane

April 10, 2013 1432 Views 0 comment Print

THREE YEARS RIGOROUS IMPRISONMENT TO THEN SUPERINTENDENT OF CENTRAL EXCISE IN A BRIBERY CASE             The Special Judge for CBI, Mumbai has convicted Shri Vilas Prabhakar Narkar, then Superintendent (Preventive) Central Excise, Thane-I Commissionerate Dadar, Mumbai and sentenced him to undergo three years Rigorous Imprisonment with fine of Rs. 10,000/- in a bribery case.

ISA Eligibility Test May 2013 Notification

April 9, 2013 832 Views 0 comment Print

The next Eligibility Test for ISA PQC is scheduled to be held on Saturday the 11th May, 2013 from 08.00 a.m. to 12.00 p.m. A detailed notification giving list of centers would be hosted on Committee Portal at http://cit.icai.org by 16th April, 2013.

Revised Format of Bank and Bank Branch Audit Report Formats

April 8, 2013 1119 Views 0 comment Print

As the members undertaking bank central and/ or branch audits of nationalized banks are aware, the Institute of Chartered Accountants of India has prescribed the illustrative formats of audit reports of banks as well as bank branches, which are in line with the requirements of the Revised Standard on Auditing (SA) 700, Forming An Opinion and […]

DISA Members allowed to conduct Annual Systems Audit of BSE Stock Brokers

April 6, 2013 2647 Views 0 comment Print

BSE, vide its Notice No 20130405-5 dated 05 Apr 2013, has clarified that DISA Qualified members are also eligible to conduct Annual Systems Audit of trading members who have availed of the IML/ Internet facility from the Exchange.

DGCEI, Chennai detects tax evasion of 560 Crore in F.Y. 2012-13

April 6, 2013 1998 Views 0 comment Print

It is to inform that during the Financial Year 2012-1 3, The Directorate General of Central Excise Intelligence, Chennai Zonal Unit [CHZU] has detected a total of 164 cases involving evasion of central excise duty/ evasion of service tax to the extent of Rs. 560 crores.

Competition Commission of India – Amendments to the Combination Regulations

April 5, 2013 1156 Views 0 comment Print

The Regulations now do not require a notice to be filed for acquisition of shares or voting rights of companies if the acquisition is less than five percent of the shares or voting rights of the company in a financial year, where the acquirer already holds more than twenty five percent but less than fifty percent of the shares or voting rights of the company.

CMA – Guidelines for Mandatory Training for Members wef 01.04.2013

April 5, 2013 1833 Views 0 comment Print

 THE INSTITUTE OF COST ACCOUNTANTS OF INDIA GUIDELINES FOR MANDATORY TRAINING FOR ALL MEMBERS OF THE INSTITUTE  UNDER CONTINUING EDUCATION PROGRAMME (with effect from 1st April,2013) 1.      INTRODUCTION 1.1 The Institute of Cost Accountants of India was set up under the Cost and Works Accountants Act, 1959, as amended to educate, impart training and develop […]

ICAI – Zone-shifting of candidates for May – 2013 CA Exams

April 5, 2013 699 Views 0 comment Print

April 5th, 2013 Subject: Zone-shifting of candidates for May – 2013 CA Exams Due to paucity of accommodation in some Zones opted by the candidates in the cities of Chennai, Indore and Mumbai some of the candidates have been allotted examinations centres in the zone other than the zone opted in the said cities. In […]

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