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CCIT Personally Responsible For Timely Filing Of Appeals – CBDT Chairman

January 30, 2011 477 Views 0 comment Print

As you are aware, the Apex Court of the country has time & again expressed its anguish & annoyance over the delayed filing of SLPs as also appeals in the High Courts. In some cases, such delay is inordinate. The inordinate delay is more pronounced in

Income Tax officials to raid Katrina Kaif's bank locker

January 30, 2011 862 Views 0 comment Print

Bollywood actresses Katrina Kaif and Priyanka will face more troubles as the IT department officials all set to raid their bank lockers. Sources reported that officials will continue investigation on tax recordes of these actresses. Earlier on Monday

PayPal follows RBI to restrict e-payment to Indian merchants

January 30, 2011 477 Views 0 comment Print

Online payment service PayPal on Friday announced changes in its payment to Indian transactions, following the guidelines issued by the Reserve Bank of India on requirements for governing the processing and settlement of export-related receipts facil

Banks to impose penalty on premature closure of FDs

January 30, 2011 1219 Views 0 comment Print

Next time you wish to cash in your fixed deposits, be ready to pay a penalty of as much as one per cent of the investment if money is withdrawn before completion of the maturity period. In a bid to discourage premature withdrawal of money from fixed deposit accounts, banks have decided to impose a penalty on such transactions to minimise any impact on their liquidity position at a time when rising interest rates are pushing up the cost of funds for them.

ICAI Convocation (II)-2010 for newly enrolled Members

January 29, 2011 525 Views 0 comment Print

Members who enrolled as Associate members from 01st March, 2010 to 31st August, 2010 would be eligible to receive their membership certificates in person at the Convocation. Members are requested to wear the Royal Blue Colour Blazer /Navy Blue Col

Switzerland to share tax information with India- official

January 29, 2011 504 Views 0 comment Print

Dismissing the perception that Switzerland is a tax haven, a senior Swiss government official today expressed hope that the revised tax avoidance treaty with India will be ratified during the year, following which Swiss authorities would provide administrative assistance to India to deal with cases of tax evasion.

List of CA Institute's Publications relevant for May, 2011 Examination

January 29, 2011 510 Views 0 comment Print

LIST OF INSTITUTE’S PUBLICATIONS RELEVANT FOR MAY, 2011 EXAMINATION . The following List of Institute’s Publications is relevant for the forthcoming examination i.e. May, 2011. Students may kindly take it into consideration while preparing for the ex

Priyanka Chopra has unaccounted assets worth Rs 6 crore – IT Dept

January 29, 2011 510 Views 0 comment Print

The Income Tax raid at Priyanka Chopra’s premises has revealed that the Bollywood actor has unaccounted assets worth Rs six crore, a senior official said today. Primarily of what we have scrutinised, we have found that assets worth Rs six crore were not accounted for, the Income Tax official said. However, the official did not divulge details of the unaccounted assets.

President's Message – February 2011

January 29, 2011 654 Views 0 comment Print

Let me start my message with the words of a Gandhian Nobel Peace Laureate, Martin Luther King, Jr.: Let us not wallow in the valley of despair, I say to you today, my friends. And so even though we face the difficulties of today and tomorrow, I still

ICAI inks MoU to train accountants in UAE

January 29, 2011 1209 Views 0 comment Print

DUBAI: Institute of Chartered Accountants of India (ICAI) has signed an MoU with an Abu Dhabi-based research institute to train mid-rank accountants in the UAE . ICAI and Centre of Excellence , Research and Training (CERT), the commercial arm of the

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