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More CAs needed for Banks and Cooperatives- ICAI 27 Aug 2013 | 08:19 am
An action plan has been prepared to extend the services of Chartered Accountants (CA) to banks and cooperatives in a big way, and the Southern India Regional Council (SIRC) of the Institute of Charter...
RBI decreases dollar limit for students going abroad 27 Aug 2013 | 08:16 am
Students aiming for higher education in foreign universities are a bit nervous about their future. A rapidly depreciating rupee was the first blow. The second one was from the ReserveBank of India (RB...
CAs must rely on audited LLP financials: ICAI 27 Aug 2013 | 08:12 am
Chartered Accountants (CAs) will have to use audited financials of non-corporates, including limited liability partnerships (LLPs), to certify their adjusted total income figures so as to help them pa...
Online version of Service Tax return (ST-3) for October 12 to March 13 27 Aug 2013 | 08:08 am
The online version of the Service Taxreturn (ST-3) for the period October’12 to March’13 is now available for e-filing in ACES. Assessees can also use the offline utility by downloading the latest ver...
Government sets up tax reform Commission 27 Aug 2013 | 07:54 am
The government Monday set up a commission under the chairmanship of Parthasarathy Shome, advisor to finance minister, to suggest reforms in tax administration aimed at widening the tax base and enhanc...
Appointment of Auditor Under New Companies Bill, 2013 27 Aug 2013 | 07:53 am
Appointment of Auditor under new Companies Bill, 2013 (Companies Act) The appointment of auditor under new Companies Bill, 2013 has made major changes in appointment procedure and tenure of appointmen...
Cost Accountant linking Internal Audit through Balanced Scorecard 27 Aug 2013 | 07:51 am
Four pillars of the balanced score card have been discussed many times through my pen. Balanced score card needs to be linked with the enterprise value of the organization. Enterprise valuation means ...
Rupee Export Credit - Interest Subvention 27 Aug 2013 | 07:50 am
RBI/2013-14/200DBOD.Dir.BC.No.43 /04.02.001/2013-14 August 26, 2013 All Scheduled Commercial Banks and Exim Bank(excluding RRBs) Dear Sir/ Madam, Rupee Export Credit - Interest Subvention Please refer...
Reporting of OTC transactions in Securitized Debt Instruments 27 Aug 2013 | 07:47 am
RBI/2013-14/201IDMD.PCD. 06 /14.03.06/ 2013-14 August 26, 2013 To All RBI regulated entities Dear Sir/Madam Reporting of OTC transactions in Securitized Debt Instruments As a measure to develo...
No concealment penalty if exp. claimed in current year and withholding taxes deposited in subsequent year 27 Aug 2013 | 07:36 am
IT : Provision of sec. 40(a)(i) would be deemed to have been substantially complied with if taxes withheld from payment made to non-resident were deposited subsequent to the previous year in which exp...
