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May 21, 2009



Refund of service tax paid on in relation to the authorised operations in SEZ

Posted: 21 May 2009 07:18 PM PDT

Circular No. 114/08/2009-ST Dated: May 20, 2009. F.No.354/163/2006-TRU Government of India, Ministry of Finance, Department of Revenue, (Tax Research Unit),Room No.153, North Block, New Delhi,...

Online CPT Examination: A milestone for ICAI

Posted: 21 May 2009 07:17 PM PDT

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...

ICSI issued Guidelines for issuing Compliance Certificate and Signing Annual Return

Posted: 21 May 2009 07:01 PM PDT

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...

New IT Circular on filing Procedure of New Income Tax Return Form (ITR) for A.Y. 2009-10

Posted: 21 May 2009 09:27 AM PDT

Income Tax department issued a new circular No. 03 / 2009, DATED 21-5-2009 in respect of procedure for filing of  Income Tax Return Form (ITR) for A.Y. 2009-10. Some of the Highlights on Filing of...

New Income Tax Circular on new TDS and TCS payment and information reporting system

Posted: 21 May 2009 09:19 AM PDT

New TDS and TCS payment and return procedure is notified vide Notification No.858(E) dated 25th March, 2009 and Circular No. 02/2009 dated 21st May, 2009 is issued to explain the purpose and...

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

Posted: 21 May 2009 08:25 AM PDT

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...

SEBI not obliged to obtain information from exchanges for sharing with the public under RTI

Posted: 21 May 2009 08:10 AM PDT

Market regulator SEBI on Friday said it is not obliged to obtain information from stock exchanges for sharing it with the public under the Right to Information Act. "SEBI Act gives powers to...

Notification on Claim of Service Tax Refund/Exemption to SEZ

Posted: 21 May 2009 08:05 AM PDT


IT dept. in delhi recovered 860 Crore in search, seizure and survey

Posted: 21 May 2009 07:49 AM PDT

Search and seizure operations by the revenue authorities have forced tax evaders in the national capital to cave in and admit that they owe the government more than Rs 860 crore (Rs 8.6 billion) for...

India better placed to face the economic slowdown

Posted: 21 May 2009 07:42 AM PDT

Smaller countries with population of less than 30 million are better placed to face the economic slowdown and benefit quicker from any recovery, indicates a 'stress test' conducted by the...

Want Income Tax Refund Faster - Opt for ECS

Posted: 21 May 2009 07:37 AM PDT

During 2007, the then Finance Minister P. Chidambaram launched an innovative scheme called as Refund banker Scheme. It was first introduced in New Delhi and Patna. Since then, the scheme has been...

Do Independent directors really independent?

Posted: 21 May 2009 07:37 AM PDT

More than seven of 10 independent directors sitting on the boards of listed companies to improve corporate governance are "home" members, while only few women make it to such positions,...

ICAI started Project Parivartan with the help of Infosys

Posted: 20 May 2009 09:47 PM PDT

18th May 2009  My dear Members and Students,  The new millennium is upon us and the changes sweeping across the globe are dramatic indeed. ICAI has progressed steadily into the new millennium. I am...

Fraud detection cell of ICAI to be operational by July 2009

Posted: 20 May 2009 09:35 PM PDT

ICAI expect its fraud detection cell to come into operation by July 2009, to handle cases like the `Satyam case', said Uttam Prakash Agarwal, ICAI President. The cell would crack large...

ICAI President written letter to govt. for Empowerment of visually challenged Chartered Accountants

Posted: 20 May 2009 09:31 PM PDT

We are producing below the copy of letter written by ICAI President CA. UTTAM PRAKASH AGARWAL  to Honourable Secretary to the Govt. of India Shri. Shri K.M. Acharya in respect of Empowerment of...

CA charged for violation of FEMA rules & Rs. 26 lakhs penalty imposed

Posted: 20 May 2009 09:10 PM PDT

Chartered Accountant charged with FERA violation and Rs 26 lakhs penalty imposed - His plea that he was not a person resident in India, not accepted because documents not authenticated – Matter...

ICAI announced again the rules related to transfer of Articles & Timing of Coaching Classes

Posted: 20 May 2009 09:04 PM PDT

IMPORTANT ANNOUNCEMENT  (Transfer of Articles - (19-05-2009) The following decisions taken by the Council of the Institute are brought into force immediately for compliance by the Students / Members...

Nigerian Cheated Income Tax official

Posted: 20 May 2009 08:20 AM PDT

Mumbai: Being an I-T official, Ajaykumar Singh (38)—who rummages through documents to detect tax evasion—should have smelt a rat when he received an SMS saying he had won three lakh pounds in a...

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