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ITAT Mumbai benches non function from 25.05.09 to 29.05.09

May 23, 2009 568 Views 0 comment Print

Bench functioning Notice From 25.05.09 to 29.05.09:- N O T I C E The following benches will not function during the period 25.05.09 to 29.05.09:- “A-1, B-1, E-1, K, L, & SMC “

Empanelment of CA with Serious Fraud Investigation Office

May 22, 2009 1609 Views 0 comment Print

No.2/2/2007Admn.  dated the 5 th May 2009  SFIO, Government of India, Ministry of Corporate Affairs, Serious Fraud Investigation Office, B3 Wing, 2 nd Floor, Paryavaran Bhavan, CGO Complex, Lodi Road, New Delhi – 110 003, New Delhi,  SFIO, a multidisciplinary organization set up to investigate corporate frauds, intends to outsource experts in the field of Banking, Law, Forensic Audit […]

SEBI to pay auditors fees for the first year of peer review

May 22, 2009 492 Views 0 comment Print

The Securities and Exchange Board of India (Sebi) will pay auditors fees for the first year of peer review of accounts of companies in the 50-index Nifty and the 30-index BSE. In an effort to build investor confidence and avoid reoccurrence of Satyam-like frauds, Sebi had announced a peer review of company accounts. “Sebi will […]

SEBI considering relaxation in IPO, QIP, rights issue norms

May 22, 2009 705 Views 0 comment Print

SEBI explores easing norms for IPOs, QIPs, and rights issues to streamline the fundraising process for companies.

No cut in CST rate this Year, will stay at 2%

May 22, 2009 6644 Views 0 comment Print

At present, the tax, which is levied on inter state sale of goods, is at 2%. It was scheduled to be reduced by another 1%, starting April 1, 2009. At the time, the rate cut was postponed on account of the general elections and the Election Commission’s code of conduct. Recently, the empowered committee of state finance ministers wrote to the Union finance ministry recommending that the tax should be completely withdrawn when GST kicks in, as there is massive evasion of VAT (which goes to the states’ coffers).

Commerce department asked for removal of fringe benefit tax on exporters

May 22, 2009 1023 Views 0 comment Print

Commerce department has asked for the removal of fringe benefit tax (FBT) on exporters in its list of key reform proposals to be included in an ambitious package being readied by officials for the new government’s 100-day reform agenda. It has asked for removal of this tax imposed on exporters as it acts as a […]

Govt. May Exempt SEZ export profits under section 10AA

May 22, 2009 3814 Views 0 comment Print

The three-year long wait of companies to avail full income tax benefits on export profits from their SEZ units will come to an end in two months. Official sources said the government has firmed up plans to bring changes in Section 10AA of the Income Tax Act in the forthcoming Union Budget to rectify an anomaly in the wording of the Section that adversely affected SEZ units.

Online CPT Examination: A milestone for ICAI

May 22, 2009 2880 Views 0 comment Print

Online CPT examination became a reality this year for aspiring CA students. Under the system, they had questions that test their knowledge and intelligence, appearing on computer screens at the click of a mouse.   This is going to be the future of the examination system in the Institute. The Institute is ushering in a revolution […]

ICSI issued Guidelines for issuing Compliance Certificate and Signing Annual Return

May 22, 2009 1565 Views 0 comment Print

Guidelines for issuing Compliance Certificate and Signing Annual Return  In exercise of the powers conferred by Clause (1) of Part II of the Second Schedule to the Company Secretaries Act, 1980 (56 of 1980), as amended by the Company Secretaries (Amendment) Act, 2006, the Council of the Institute of Company Secretaries of India hereby issues […]

Comparison between Insurance linked Plan, New Pension Plan, EPF and PPF

May 21, 2009 1399 Views 0 comment Print

The Government has now opened up its New Pension scheme to all between the ages of 18 and 55. It promises returns of over 14 per cent and offers the lowest fund management charges in the world. This is particularly relevant if you are employed with a private firm and have no existing pension benefits. […]

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