With a view to reduce the scope for misuse, Tatkal tickets are issued on production of self attested photocopy of one of the prescribed proof of identity and the same in original is required to be carried during the journey, to verify the bonafide of passengers. However, during peak rush periods when the demand outstrips the availability, some cases of black marketing of reserved tickets by touts come to notice at the time of surprise inspections and preventive checks conducted at reservation offices.
Fee for Duplicate Certificate of Membership as an Associate or Fellow as well as Certificate of Practice as an Associate or Fellow respectively has been increased to Five Hundred rupees and fee for any other duplicate certificate issued under these regulations has also been increased to Two Hundred Rupees with effect from August 1, 2012.
Dr. Poonam Kishore Saxena has taken over as Chairperson, Central Board of Direct Taxes on 21st August, 2012 . She is an IRS Officer of 1975 batch. She holds a Masters Degree in Economics from Rajasthan University and is also a PhD in Economics on the topic Widening the Direct Tax – Efforts of the Central Government for economic growth in India .
ABCAUS Excel Inventory Template and Tracker is MS Excel based solution for small to medium size trading firms. With its help Inventory can be recorded, tracked and valued. It has a very user-friendly interface and menu driven options with pop up help boxes to prevent an undesired input. It has a help box at the Gateway with a bundled separate help file.
The Australian Senate has passed legislation on the application of transfer pricing rules, designed to ensure that multinational companies pay their ‘fair share’ of tax. The Tax Laws Amendment (Cross-Border Transfer Pricing) Bill (No. 1) 2012 was put forward before the house of Representatives in June 2012.
The last extended date for payment for Annual Membership Fee for the year 2012-13 is 31st August, 2012. The members who are yet to pay the fee are requested to pay the fee on or before 31st August, 2012. Please note that the names of the members whose annual membership fee for 2012-13 is not received in the Institute by 31st August, 2012 will stand removed from the Register of members w.e.f. 1st September, 2012.
Company Secretaries Examinations June, 2012 Result Would Be Declared On 25th August, 2012 At 11.00 A.M. The Results Alongwith Individual Candidate’s Subjectwise Break-Up of Marks Will Be Available on the Institute’s Website, www.icsi.edu
Birla, a chartered accountant and an MBA himself, is not happy over the rate of pass percentage of CAs. The pass percentage during our time was 4 per cent. Now it is 17 per cent. The pass ratio should be 10 per cent,” he said, emphasising on the need for better products.
The following categories of students shall be exempted from passing the Common Proficiency Test (CPT):- (A) Graduates or Post Graduates in Commerce having secured in aggregate a minimum of 55% of the total marks or its equivalent grade in the examination conducted by any recognised University (including Open University) by studying any three papers of 100 marks each out of Accounting, Auditing, Mercantile Laws, Corporate Laws, Economics, Management (including Financial Management), Taxation (including Direct Tax Laws and Indirect Tax Laws), Costing, Business Administration or Management Accounting;
A Central Board of Direct Taxes (CBDT) panel on black money has suggested enactment of new laws, strengthening of existing legislation and introduction of deterrent penalties for tax offences to deal with the menace.
