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Aug 5, 2009



Seller do not require NOC from society at the time of transfer of a flat

Actor Emraan Hashmi, who was refused an NOC to buy a flat in Nibbana housing society at Pali Hill allegedly because he was a Muslim, has one more quarter to turn to for help. The model bye-laws framed by the state government under the Maharashtra...

Results of C.A. Final and CA Final (New Course) Examinations, held in June, 2009 likely to be declared on 13th August, 2009

The results of the Chartered Accountants Final and Final (New Course) Examinations, held in June, 2009 are likely to be declared on Thursday, the 13th August, 2009 around 2:00 PM and the same as well as the merit list (candidates securing a minimum...

Government will not propose to adopt Consumer Price Index (CPI) instead of Wholesale Price Index (WPI)

Government does not propose to change the method of calculation of Inflation based on the Wholesale Price Index (WPI), which is being published on weekly basis regularly since 1947. According to available information, 157 countries use the Consumer...

CBI closed corruption case against former director general (investigation) of income tax

The CBI has closed the corruption case registered against S K Sharma, former director general (investigation) of income tax due to lack of evidence .The special court recently accepted the closure report.In 2007, Sharma was accused of abusing his...

No Income Tax on Transfer Fee collected from a transferor or a transferee: Mumbai High Court

Many co-operative housing societies collecting transfer premium from the transferee would heave a sigh of relief by the Mumbai High Court decision dated 17th July, 2009. So far the income tax authorities in the State of Maharashtra and the Mumbai...

Guidance note on Accounting for Depreciation in Companies issued by ICAI

Introduction 1. The Council of the Institute of Chartered Accountants of India has issued Accounting Standard (AS) 6 on 'Depreciation Accounting'. This standard lays down general principles of accounting for depreciation applicable to...

Rates of depreciation under the Companies Act as mentioned in Schedule XIV

Section 205 of the Companies Act, 1956, prescribes the methods of charging depreciation. The relevant extracts thereof are as follows: "(2) … depreciation shall be provided either- (a) to the extent specified in section 350; or (b) in...

Result of ISA Assessment Test held on 20th June, 2009 likely on 13th August, 2009

The result of the Information Systems Audit [ISA] Assessment Test held on 20th June, 2009 is likely to be declared on 13th August, 2009 around 2.00 PM at the Institutes office at New Delhi. The result of the above Assessment Test will be available...

Instruction on Norms for building infrastructure in the non-processing area of SEZ

Instruction No. 30, dated August, 2009 I am directed to inform you that Empowered Group of Ministers in its meeting dated 24th October, 2008 had approved development guidelines to be followed in respect of operations in the non-processing area of...

With Regards, 
CA Sandeep Kanoi 

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