The Forward Contracts (Regulation) Amendment Bill ( FCRA bill) was, at long last, introduced the Lok Sabha on Monday by food MoS K V Thomas . The proposed amendments, long awaited by commodity participants in the country, are expected to restructure
Department introduces new facility for online submission of rectification request in cases where processing was completed by CPC Bangalore. Please review the guide for common errors to first rectify the return submitted and generate the rectification xml using excel utility (same utility is to be used).
ity Managers’ Association Gujarat on behalf of GMFB invites RFP from the eligible firm to carry out the work of Accrual Based Double Entry Accounting System in 159 Municipalities of Gujarat. The category wise / District wise list of municipalities ap
It costs the Unique Identification Authority of India (UIDAI) Rs.100 to generate each ‘aadhaar’ number, which will help address the challenges of inclusion, the authority’s chief Nandan Nilekani, said here Thursday.It costs the authority Rs.50 to enrol each individual for the Unique ID (UID) and another Rs.50 on back-end costs, he said.
India has begun its search for the trail for money stashed away in secret bank accounts in tax havens, in a bid to get to the source of funds of investors in the firms that were granted telecom licences and scarce 2G spectrum at allegedly throwaway
The Supreme Court has issued a notice to the Union finance ministry in connection with a PIL saying there have been no guidelines by the ministry and the Reserve Bank of India (RBI) while writing off loans by banks and the debts recovery tribunal (DR
Country’s largest lender State Bank of India (SBI) today raised deposit rates by up to 150 basis points or 1.5 per cent across various maturities, a move that will provide better returns to people with fixed deposits in the bank. The new rates will b
Find out the latest update on EPF interest as the Lok Sabha informs that the additional quantum of interest on Employees Provident Fund deposits will be exempt from income tax. Learn about the decision made by the Central Board of Trustees and its benefits for 4.71 crore employees in public and private sectors.
A chartered accountant who is not a member of the Institute of Chartered Accountants of India but impersonating as one can be charged under the Indian Penal Code or under other laws for offences, the Supreme Court stated while allowing the appeal of the institute. The Madhya Pradesh high court had taken a different view. In this case, ICAI vs Vimal Kumar, the institute filed a complaint before the police alleging forgery and impersonation. The trial court ruled that there was no basis for framing charges under IPC. The high court rejected the appeal of the institute stating that though a case was made out under the Chartered Accountants Act, the complaint was not under that Act, but under IPC. The institute appealed to the Supreme Court which set aside the high court judgment and directed prosecution under IPC.
The finance ministry has taken the view that the International Financial Reporting Standards (IFRS) needs to be adopted only on consolidated accounts of corporate groups as is the practice in Europe. It feels the proposed fair-value-based accounting
