DLF today said the Income Tax (I-T) department has slapped additional tax notices of Rs 1,137.23 crore on the company and its subsidiaries for the 2009-10 assessment year. The company said it has challenged these orders before the appellate authorities.
The results of the Chartered Accountants IPCC / PCC Examination held in November 2011 was declared recently. The details of percentage of candidates passed in the above said examinations and list of top three toppers are given below;
Among the parameters of performance in your area, achievement of revenue collection target will obviously be given the highest weightage while writing your APAR by reporting officers and reviewing officers and will also be a major factor while considering placements during AGT 2012.
In a move to prevent misuse of Reserved Train Tickets and reduce cases of travelling on transferred tickets, Ministry of Railways has decided that with effect from 15th February 2012, anyone of the passengers/the passenger booked on the ticket issued from computerized Passenger Reservation System (PRS counters) and Internet (i-ticket) undertaking journey in AC-3 tier, AC-2 tier, 1st AC, AC Chair Car and Executive Classes will have to carry one of the nine prescribed proofs of identity (in original) during the journey.
Terming as landmark the process adopted for finalising the Direct Taxes Code (DTC), Plan Panel Deputy Chairman Montek Singh Ahluwalia said he is not in favour of referring legislative Bills to ‘expert groups’.
The Bangalore Metro Corporation (BMRC) will issue a tax free Metro Bond to raise Rs 2,000 crore for the first phase of the project. The bond, pending with the Union Finance Ministry at present for clearance, is expected to hit the market in a few days, the Union Urban Development Secretary Sudhir Krishna said on Friday.
With a view to keeping retail investors away from the portfolio management schemes (PMS), Sebi on Friday raised the minimum investment amount of clients for such schemes to Rs 25 lakh from the earlier Rs 5 lakh. PMS offers investors a range of specialised investment strategies to capitalise on opportunities in the market and made suitable to the needs of individual clients.
Cost Accounting Standards Board, the standard-setting body of the Institute, has approved the release of Exposure Draft of Revised Cost Accounting Standard – 2 on Capacity Determination (CAS – 2). The proposed standard may be modified in light of comments received before being issued as a standard in final form.
A key Parliamentary Committee will adopt tomorrow the crucial report on Direct Taxes Code (DTC) Bill and recommend raising the income tax exemption limit to Rs 3 lakh from Rs 1.8 lakh at present. the Standing Committee on Finance, headed by former Finance Minister and senior BJP leader Yashwant Sinha, will discuss the final draft of the report on the DTC Bill during its day-long meeting tomorrow.
9th February, 2012 – No.13-CA (EXAM)/CPT/ June/2012: In pursuance of Regulation 22 of the Chartered Accountants Regulations, 1988, the Council of the Institute of Chartered Accountants of India is pleased to notify that the Common Proficiency Test (Paper- Pencil Mode) will be held on Sunday, 17th June, 2012 in two sessions as below, at the […]
