Posted: 14 May 2010 08:10 PM PDT 
Two new Big 4 lawsuits – one against Ernst & Young and the other against PwC – reminded me how many times professionals have written to say their firm had just knocked the stuffing out of them. They had been fired suddenly or a student's offer... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Important Announcement – May-2010-CA Exams- PCE & IPCE Hindi Medium Candidates Posted: 14 May 2010 08:03 PM PDT 
It is hereby informed that Paper -4 – Cost Accounting & Financial Management of Group-II of Professional Competence Examination and Paper-3 - Cost Accounting & Financial Management of Group-I of Integrated Professional Competence... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Important Announcement – May-2010-CA Exams-PCE & IPCE Candidates appearing from Centre No.175- Keshub Academy, Kolkata Posted: 14 May 2010 08:02 PM PDT 
CANCELLATION OF EXAMINATION OF GROUP-II-PAPER-5, TAXATION OF PROFESSIONAL COMPETENCE EXAMINATION AND GROUP-I- PAPER-4, TAXATION OF INTEGRATED PROFESSIONAL COMPETENCE EXAMINATION HELD ON 12TH MAY-2010 AT CENTRE NO.175 , KESHUB ACADEMY , 148 ,... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| ICAI Announcement on Views/suggesitions on Companies Bill 2009 Posted: 14 May 2010 08:01 PM PDT 
The corporate form of organization is increasingly emerging as the preferred vehicle for economic and commercial activity and has contributed significantly to the growth of the Indian economy and the emergence of service, information and... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| US and Indian tax authorities reached negotiated settlement on transfer pricing dispute Posted: 14 May 2010 07:57 PM PDT 
The US and Indian competent tax authorities have reached a negotiated settlement on transfer pricing dispute in respect of certain captive software development units for the financial year 2004-05. The settlement has been reached through the mutual... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Countrywide Income Tax Survey at the offices of Parsvnath Developers Posted: 14 May 2010 07:53 PM PDT 
The Income Tax (I-T) department today searched seven offices of Parsvnath Developers. The department also conducted survey in 22 premises of the company at various locations across the country. "We have done a routine tax enquiry based on some... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| SEBI recommends stronger disclosure norms for credit rating agencies Posted: 14 May 2010 07:43 PM PDT 
Concerned over the practice of certain companies influencing rating actions, market regulator SEBI on Thursday proposed a stronger disclosure norms for credit rating agencies (CRA). "It is recommended that all registered agencies be required to... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| New body to enforce FDI investment ban in Prohibited sectors Posted: 14 May 2010 07:37 PM PDT 
The government is likely to subject all investments in sectors closed to foreign investments to greater scrutiny through a new oversight body to ensure that foreign capital does not slip into these sectors undetected. There have been allegations... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| MCA may initiate further probe into the IPL franchisees Posted: 14 May 2010 07:33 PM PDT 
The Corporate Affairs Ministry today said it may initiate further probe into the IPL franchisees caught in the middle of a controversy over ownership pattern and bidding process. The Ministry is analysing the reports submitted by the Registrar of... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| SEBI panel recommends high net worth criteria for AMC, Merchant bankers and Stock Brokers Posted: 14 May 2010 07:27 PM PDT 
The committee, which had representations from stock exchanges, law firms, brokerages and depositories, among others, reviewed the eligibility norms for market intermediaries including merchant bankers, asset management companies (AMCs), credit... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| FM considered ICAI's suggestion on LLP while passing Finance Bill, 2010 Posted: 14 May 2010 07:15 PM PDT 
The ICAI is pleased to note that its suggestion relating to exemption of capital gains in the hands of shareholders consequent to conversion of a company into a LLP, has found favour with the Government. It is also heartening to note that one out of... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Cheque and meaning of related terminologies Posted: 14 May 2010 07:11 PM PDT 
Cheque is not a mere a piece of paper. It's imperative for you to know more to ensure that you don't end up losing your hard-earned money. Bearer cheque and an A/c payee cheque:-A bearer cheque can be encashed over the counter by the person who... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| DTC will be bitter pill to swallow as most exemption will be withdrawn in Direct tax code Posted: 14 May 2010 07:05 PM PDT 
Direct Taxes Code Bill, 2009, could soon set the tone for all our future wealth-creation decisions. If enacted, the bill will not only change the amount of tax you pay, but also transform how you invest, borrow and spend your money. While most tax... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Online transmission of DES (Advance Authorization), EPCG and DEPB authorizations at 9 ICES 1.5 new location w.e.f. 17.05.2010 reg.- DGFT Policy Circular No. 32 (RE- 2010)/ 2009-2014 Posted: 14 May 2010 06:43 PM PDT 
In view of Customs readiness to accept online transmission of DES (Advance Authorization), EPCG and DEPB authorizations at the following 9 ICES 1.5 new locations, all RA's of DGFT may note that for all the newly added ports, aforesaid authorizations... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Amendment in Appendix 37A, of HBP vol.-I-2009-14.- DGFT Public Notice NO. 63/2009-2014 Posted: 14 May 2010 06:40 PM PDT 
1. In Appendix 37A, the following Note is added against the VKGUY entry No. 6 of Table 1A, and entry No. 18 of Table 2. "For the purpose of claiming VKGUY benefit, the admissible FOB value for export products covered by ITC HS Code '0305' (falling... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Deletion of para 2.33.1 of HBP Vol.1, 2009-2014- DGFT Public Notice NO. 62 /2009-2014 Posted: 14 May 2010 06:27 PM PDT 
PUBLIC NOTICE NO. 62 /2009-2014, NEW DELHI, DATED 13th May, 2010. Subject: Deletion of para 2.33.1 of HBP Vol.1, 2009-2014. In exercise of powers conferred under paragraph 2.4 of the Foreign Trade Policy, 2009-2014, the Director General of... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| New Office address of Regional Authority Puducherry.- DGFT PUBLIC NOTICE NO. 61 /2009-2014 Posted: 14 May 2010 06:23 PM PDT 
In exercise of powers conferred under paragraph 2.4 of the Foreign Trade Policy 2009-2014, the Director General of Foreign Trade hereby makes the following amendment in the List of Regional Authorities and their Jurisdiction given under Appendix 1... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| StCBs/DCCBs – Prevention of Money-laundering Amendment Rules, 2010 – Obligation of Banks/AIFIs Posted: 14 May 2010 06:15 PM PDT 
Prevention of Money-Laundering (Maintenance of Records of the Nature and Value of Transactions, the Procedure and Manner of Maintaining and Time for Furnishing Information and Verification and Maintenance of Records of the Identity of the Clients of... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| ICAI launching e-Sahaayataa service for students and members Posted: 14 May 2010 05:53 PM PDT 
In order to provide prompt services to the expanding base of members and students, the ICAI is launching its e-Sahaayataa service on June 1, 2010. The e-Sahaayataa shall act as the only e-channel for the entire base of members and students of the... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Special Job Placements for Chartered Accountants- 22nd June- 26th June 2010 Posted: 14 May 2010 05:46 PM PDT 
If you are looking for complete business solution provider, then end your search by participating in Special Placement Programme organized by Committee for Members in Industry (CMII) of The Institute of Chartered Accountants of India, wherein you... [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| Government may scale down the Income Tax Slabs in Final Direct Tax code Posted: 14 May 2010 05:23 AM PDT 
People with more than Rs 10 lakh annual income may not get the tax relief originally proposed in the Direct Taxes Code, as the Finance Ministry is for tweaking slabs across the board to offset concessions elsewhere. [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
| MCX signed up with ICSI and ICWAI to jointly promote the cause of financial literacy and corporate governance Posted: 14 May 2010 05:11 AM PDT 
The Exchange has joined hands with several agencies like the government, trade bodies and educational institutions to drive financial literacy for financial inclusion and encourage incorporation of global best practices in the industry. [[ This is a content summary only. Visit my website www.taxguru.in for full article ]]  |
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