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ICAI announces Revised Structure of Question Papers for November, 2010 Examination

September 11, 2010 895 Views 0 comment Print

It has been decided to revise the structure of question papers for the PCE, IPCE and Final (old and new course) examinations as under, from November, 2010 examination onwards:

Common Secretariat for Appellate Authority established under The Chartered Accountants Act, 1949, The Cost & Works Accoutant

September 11, 2010 1455 Views 0 comment Print

In terms of requirements of The Chartered Accountants Act, 1949, The Cost & Works Accountants Act, 1959 and The Company Secretaries Act, 1980, a common Secretariat for the Appellate Authority constituted by the Central Government has been established

Income Tax department conducts nationwide searches on more than 70 premises of major real estate developers

September 11, 2010 426 Views 0 comment Print

In a major crackdown, the Income Tax department is conducting nationwide searches on more than 70 premises of major real estate developers in the NCR including Paras and Amrapali group over alleged tax evasion. According to sources, more than 450 off

After Vodafone verdict IT department will investigate more cross-border mergers involving Indian assets

September 11, 2010 1172 Views 0 comment Print

The government will look into more cross-border mergers involving Indian assets, like the Vodafone-Hutchison deal, after the Bombay High Court on Wednesday rejected UK-based Vodafone’s petition against the imposition of tax by authorities here.

Attention members carrying out tax audit u/s 44AB

September 11, 2010 3052 Views 0 comment Print

Attention of members is invited towards the changes in the Guidance Note on tax Audit under section 44AB of the Income-tax Act, 1961 approved subsequent to the publication of the Supplementary Guidance Note, issued by the erstwhile Fiscal Laws Commit

Preparing Indian Banks for Global Competitiveness : Strategic and Policy Perspectives

September 11, 2010 915 Views 0 comment Print

Scale has generally been viewed as the most important, if not the dominant, determinant of bank competitiveness. In the Indian context, no discussion about banking sector reform is complete without reference to consolidation, which is generally take

Recommendation to Make Formulation of a CSR Policy Mandatory for Big Companies

September 11, 2010 516 Views 0 comment Print

In response to the overwhelming concerns shown by the Standing Committee of Parliament on Finance (SCF), which thoroughly examined The Companies Bill, 2009, on the extent of Corporate Social Responsibility (CSR) being undertaken by corporates and the

Utilization of ‘Investor Education and Protection Fund’ for providing Immediate relief to small Investors Suggested

September 10, 2010 646 Views 0 comment Print

Apart from a number of specific suggestions made by the Ministry of Corporate Affairs for strengthening Investor Protection, the Standing Committee of Parliament, which thoroughly examined The Companies Bill, 2009, has desired that the proposed Inves

Brack Obama Says no Tax break to companies outsourcing work to other countries, Kamal says outsourcing by US not a favou

September 10, 2010 447 Views 0 comment Print

Amid indications that outsourcing could become a hot issue in the November polls, President Barack Obama has made his stand on the issue clear, saying that tax breaks should go to companies that create jobs in the US and not overseas. Obama comments

DTC proposes to tax loan waiver

September 10, 2010 567 Views 0 comment Print

Corporates going in for debt restructuring may face rough weather on the income-tax front when the Direct Taxes Code (DTC) comes into play from April 1, 2012. This is because the DTC provides that loans waived by lenders will be treated as income in

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