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Last Date to File Form 23B without Penalty Extended by 2 Weeks

July 21, 2012 5553 Views 0 comment Print

Kindly note that the last date for filing the Form 23B without fee has been extended for two weeks. Fee shall be charged on any eForm 23B filed on or after 5th August, 2012. You are therefore advised to file the pending eForms within the time limit to avoid any last minute rush.

CA Final/CPT Toppers & Pass percentage of May/June 2012 exam

July 21, 2012 21739 Views 2 comments Print

ICAI today announced the following results – Chartered Accountants Final Examination held in May, 2012. Common Proficiency Test (Paper Pencil Mode) held on June 17, 2012.

I-T Dept. to Set up Return receipt counters / Tax Kiosks at Delhi & Mumbai

July 21, 2012 1767 Views 0 comment Print

This year no return receipt counters are set up at Pragati Maidan, instead Returns will be received at Civic Centre, opposite Ramlila Ground, New Delhi, on 26th, 27th, 30th July, 2012 (10:00 A.M. to 5:00 P.M.) & on 31st July, 2012 (10:00 A.M. to 8:00 P.M.).

Empanelment of CAs to Act as Exam Observer for November / December Examination

July 21, 2012 1162 Views 0 comment Print

20th July, 2012 The Institute intends to draw a Panel from amongst its Members for acting as Observer at the examination centres in various cities during the Chartered Accountants Examinations to be held from 1st – 18th November, 2012 and the Common Proficiency Test to be held on 16th December, 2012 (Sunday).

ICAI Members to pay Annual Membership & COP Fees by 30.09.2012

July 21, 2012 2030 Views 0 comment Print

Members are requested to remit the current year’s fee for continuance of membership – Associate/Fellow/Certificate of Practice as the case may be by 30th September 2012 as per following applicable schedule of fees.

Investor Education and Protection Fund (Uploading of Information Regarding unpaid and Unclaimed Amounts Lying with Companies) Rules, 2012

July 20, 2012 1111 Views 0 comment Print

The information is to be filed in Form 5- INV as per the above mentioned rules; and thereafter an excel sheet containing detailed investor wise details is to be filed separately. The e Form, the excel template and detailed steps are provided in the IEPF application link on the portal www.iepf.gov.in.For financial year ended on 31st March 2011, the eForm should be filed latest by 31st July 2012.

IRDA launches Online application to compare Non Life Insurance products

July 20, 2012 660 Views 0 comment Print

The Insurance Regulatory and Development Authority has introduced an online application that enables the user to compare coverages, exclusions etc. under non life insurance products currently being sold by different insurers in the market. The application currently lets users to browse through the different features of the products so as to enable them to decide that which products suits to them in the present scenario and in the future as their needs change over a period of time. In other words, this application has been developed with the objective of providing a mechanism for consumers/prospects to make informed decisions by comparing features of insurance products A user can access the information as follows. Please go to:

Personal guarantee must before loan restructuring

July 20, 2012 1009 Views 0 comment Print

The RBI may do away with the regulatory forbearance regarding asset classification, provisioning and capital adequacy on restructuring of loan and advances in line with the international prudential measures. However, in view of the current domestic macroeconomic situation as also global situation, this measure could be considered say, after a period of two years. (Para 6.9)

Update to Article 26 Of OECD Model Tax Convention

July 19, 2012 1257 Views 0 comment Print

1. The competent authorities of the Contracting States shall exchange such information as is foreseeably relevant for carrying out the provisions of this Convention or to the administration or enforcement of the domestic laws concerning taxes of every kind and description imposed on behalf of the Contracting States, or of their political subdivisions or local authorities, insofar as the taxation thereunder is not contrary to the Convention. The exchange of information is not restricted by Articles 1 and 2.

Companies to file XBRL Return without additional fee/ penalty up to 15.11.2012

July 19, 2012 829 Views 0 comment Print

Additional Fee Exemption: All companies referred to in the 1st Para, will be allowed to file their financial statements in XBRL mode without any additional fee/ penalty up to 15th November, 2012 or within 30 days from the date of their AGM, whichever is later.

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