The most comprehensive news portal for Chartered Accountants and Other Professionals around the world.
Monday, December 31, 2012
Sunday, December 30, 2012
Expression of Interest form interested Eligible Cost / Chartered Account firms for Appointment as Consultant for Review & Advice on Allocation of Overheads to capital Expenditure in MTNL
Mahanagar Telephone Nigam Limited 
Last Date : 31/12/2012
Expression of Interest form interested Eligible Cost / Chartered Account firms for Appointment as Consultant for Review & Advice on Allocation of Overheads to capital Expenditure in MTNL
Address: Mahanagar Doorsanchar Sadan, 9,CGO complex,Lodhi Road,New Delhi-110003
Phone:
Email:
Last Date : 31/12/2012
Expression of Interest form interested Eligible Cost / Chartered Account firms for Appointment as Consultant for Review & Advice on Allocation of Overheads to capital Expenditure in MTNL
Address: Mahanagar Doorsanchar Sadan, 9,CGO complex,Lodhi Road,New Delhi-110003
Phone:
Email:
Required Chartered Accountant (CA)/ICWA, at Madhya Pradesh Powe... Madhya Pradesh Power Management Company Limited
Job Description -
(B) On contract basis - No. of Posts 09 Remuneration Rs. 25,000- to 30,000- Educational Qualification Certified CAICWA from Institute of Chartered Accountants of India Institute of Cost Accountants of India
Cheque Truncation System: Digitisation in Banks
“CHEQUE TRUNCATION SYSTEM”: A TOOL REQUIRED FOR DIGITISATION IN BANK
As we all know the environment around us is highly dynamic and volatile
which necessitates continuous updation and improvement in order to
survive competitively. The world is moving to a more modernised
environment be it in any industry. Bearing this in mind, the Reserve
Bank of India (RBI) has brought out a digitised system of efficiently
handling and clearing cheques by banks called Cheque Truncation
system(CTS)/Image – based clearing system. This project is taken up by
RBI and has proposed to launch
Extension of Last date for Filing of Cost Audit and Compliance Report in XBRL mode
Extension of Last date for Filing of Cost Audit Report (CAR) and Cost Compliance Report (CCR) in the extensible Business Reporting Language (XBRL) mode
Keeping in view of the ongoing requests from different quarters, MCA has extended the date of filing of Cost Compliance Reports and Cost Audit Reports upto 31st Jan 2013 vide General Circular No. 43/2012 dated 26 dec 2012.
President's Message - January 2013 - (30-12-2012)
| Dear Friends, |
|
Let me start by wishing all of you a very happy and prosperous New Year.
But as we start our celebrations, it is also time for us to reflect and take stock of what we have accomplished in the last one year, what we have missed and what we should take up on priority. Wherever we could not accomplish, it is time to restart and set things right. It is time to set up new goals together for the development of our profession and start with renewed zeal. As we enter 2013, it will be wise not only to |
Purchase of Land for Ludhiana Branch
Respected
Members,
Greetings of
the Day!
As you all know that over the
years Ludhiana Branch of NIRC of ICAI has grown by Leaps and Bound. Presently,
there are more than 1400 members and more than 5000 students attached to
Ludhiana Branch. Few Years back we shifted to the New Building i.e. ICAI
Bhawan, Pakhowal Road, Ludhiana. With that, also started number of Activities
in the form of In house CPE Hours Seminars, Workshops, Conferences &
Programme for Students in the form of GMCS, Orientation, I.T. Lab, Coaching for
CPT, IPCC & Final,
INCOME TAX ON PROPERTY: A READY RECKONER
INCOME TAX ON PROPERTY: A READY RECKONER One of the most appealing
reasons to buy property is the tax benefits that can be derived.
Investments in property offer triple benefits: capital appreciation, tax
exemptions and rental income, if applicable. Additionally, the
financial burden that comes with a housing loan is easily offset with
the tax benefits, which we'll examine case by case.
Land given to developer under land development agreement- Whether constitutes transfer
Land given to developer under land development agreement- Whether constitutes transfer
Where it was proved that assessee being the land owner had handed over the possession of property to the developer under the development agreement executed between assessee and developer, the said transaction
Where it was proved that assessee being the land owner had handed over the possession of property to the developer under the development agreement executed between assessee and developer, the said transaction
Nationwide RBI employees strike on January 1
Employees and officers under the banner of United Forum of RBI
Officers and Employees have called a country-wide strike on January one
2013 to protest the decision to close currency notes and coins issue
counters from that date.In a press statement issued by the forum,
General Secretary of the All India Reserve Bank Employees Association
Samir Ghosh said that the RBI was mandated by the RBI Act 1934 to
manage, issue and exchange of currency notes and coins throughout the
country.
Professional Signing MCA Annual return to certify cost rules
W.e.f from Financial Year 2011-12, Professional (CA, CMA, CS) signing MCA Annual Return have to certify whether Cost Accounting Record
Rules -2011 (CARR) or Cost Audit Orders (CAO) are applicable on company
or not and mention Product or Service Category Code (ITC/ NPCS 4 Digit
Code). They have to certify it on Form 23 AC and Form 23 ACA on the following page:
Form 23 AC – On Page no 11, point VII,
Form 23ACA – On Page no 5, point IV,
Through this mechanism, Government will easily trace cases
where CARR or CAO is applicable and company contravenes provisions of
these rules.
Apart from this, now MCA Return will be filled in XBRL Format for below mention companies:
a) Listed Companies and their Indian subsidiaries; or
b) Companies having paid up capital of Rs 5 Crore and above; or
c) Companies having turnover of Rs 100 Crore and above;
Cost Audit or Maintenance of Cost Records (as the case may be)
are applicable on all companies whose return required to filled in XBRL
format. XBRL makes data analysis much easier than earlier formats, so
tracing of cases of contravenes of these rules will be easier.
So Professionals has to be very sure about CARR or CAO applicability before signing Return Form. Incase default is made by them disciplinary action will be taken against them.
With the help of my earlier articles I tried to clarify doubts
about applicability of Cost Audit & Maintenance of Cost Records.
Nowadays I receive quarries that Cost Audit / Cost Records are
applicable on company but MCA Return filled without Cost Audit / Cost
Records – Compliance Certificate, because they were unaware about its
applicability. What to do now????
In this case there are two situations
1. Return has not approved as yet
2. Return has been approved
Return has not approved as yet
Here you don’t need to lose sleep on your mistake. Follow the below mention steps for correction of your mistake.
i. Inform respective Registrar of Companies about this mistake.
ii. Last date of filling of Cost Audit Report and Compliance Certificate of Cost Records has been extended till 31st Jan 2013. Now you should fulfil provisions of Cost Audit or Cost Records as the case may be.
Return has been approved
If notice has not issued then, don’t need to worry. Follow the below mention steps for correction of your mistake.
i. Filled a Corrigendum to respective Registrar of Companies.
Thursday, December 27, 2012
Appoint a firm of Chartered accountants for concurrent internal audit assignment of all its accounting units
Power Transmission Corporation Of Uttarakhand Limited
Last Date : 29/12/2012
Appoint a firm of Chartered accountants for concurrent internal audit assignment of all its accounting units, divisions & offices spread all over the state
Address: Superintending Engineer (C&P-I), PTCUL, 132 KV Substation Building, Majra, Dehradun
Phone:
Email:
Last Date : 29/12/2012
Appoint a firm of Chartered accountants for concurrent internal audit assignment of all its accounting units, divisions & offices spread all over the state
Address: Superintending Engineer (C&P-I), PTCUL, 132 KV Substation Building, Majra, Dehradun
Phone:
Email:
NOC from Institute required for name approval / incorporation
General Circular no. 40/2012, dated 17-12-2012
In
continuation of this Ministry's Circular No. 2/2012, dated 1st March,
2012 on registration of companies or LLPs where one of their objects is
to carry on the profession of Chartered Accountant, Company Secretary,
Cost Accountant, Architect, etc. relating to the requirement of
obtaining NOC from the concerned regulator, it is hereby stated that the
approval of the
Renaming of the Integrated Professional Competence Examination (IPCE). - (27-12-2012)
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COMPANY LAW ROADBLOCK HITS TAX-FREE BONDS
Thursday, 27 December 2012 9:14 PM
COMPANY
LAW ROADBLOCK HITS TAX-FREE BONDS Many companies earlier planning to
buy tax-free bonds are staying away for fear of breaching a company law
provision. Investments of up to Rs 5,000 crore are likely to be
affected, as up to 10 per cent of bond public issues are reserved for
corporate subscribers. In addition, issuers had planned to raise funds
through private placements for big-ticket corporate and institutional
investors. Top state-owned infrastructure companies such as Rural
Electrification Corp,Power Finance Corp, IIFCL, Hudco, NHAI, NHB and
IRFC plan to raise at least Rs 50,000 crore in all, by issuing long-term
infrastructure bonds by March. Interest income on these bonds, designed
to
BDO International sells 10% JV stake to Indian partner Haribhakti
BDO International sells 10% JV stake to Indian partner Haribhakti
MUMBAI: BDO International, the $6-billion Belgium-based audit and accounting firm, will call off its four-year joint venture BDO India with Haribhakti Consulting by selling its 10% stake to its Indian partner, a senior company officials said.
MUMBAI: BDO International, the $6-billion Belgium-based audit and accounting firm, will call off its four-year joint venture BDO India with Haribhakti Consulting by selling its 10% stake to its Indian partner, a senior company officials said.
Wednesday, December 26, 2012
Expression of interest from CAG Empanelled Chartered Accountant firm for Audit at Maharashtra State Aids Control Society Mumbai
Maharashtra State Aids Control Society
Last Date : 10/01/2013
Expression of interest from CAG Empanelled Chartered Accountant firm
Address: GOVERNMENT OF MAHARASHTRA R.K.Kidwai Rd.Ackworth Leprosy Complex, Wadala (W)Mumbai-400031
Phone:
Email:
Last Date : 10/01/2013
Expression of interest from CAG Empanelled Chartered Accountant firm
Address: GOVERNMENT OF MAHARASHTRA R.K.Kidwai Rd.Ackworth Leprosy Complex, Wadala (W)Mumbai-400031
Phone:
Email:
Deputy Manager Aditya Birla Nuvo Ltd.
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CBI recruitment 2013 CA vacancy
Eligibility for job opening:
Age limit: not more than 56 years as on last date of application
Pay Scale:
Rs. 12000- 375- 16500
Age limit: not more than 56 years as on last date of application
Pay Scale:
Rs. 12000- 375- 16500
Requirement of Concurrent Auditor
We require concurrent
auditors for our renowned client engaged in Road transportation for following
locations:-
FIRST COUNT - CENTRAL COUNCIL
| S.No | Name | PLACE | State | First Count | RANK |
| 14 | SEKAR G | CHENNAI | TN | 2195 | 1 |
| 21 | VENKATESWARLU J | HYDERABAD | AP | 1855 | 2 |
| 2 | BABU ABRAHAM KALLIVAYALIL | KOCHI | KL | 1679 | 3 |
| 7 | RAGHU K | BANGALORE | KA | 1661 | 4 |
| 6 | MURALI V | CHENNAI | TN | 1409 | 5 |
| 12 | SANTHANA KRISHNAN S | CHENNAI | TN | 1370 | 6 |
| 5 | MADHUKAR NARAYAN HIREGANGE | BANGALORE | KA | 1245 | 7 |
| 10 | RAVI SANKAR L | CHENNAI | TN | 1000 | 8 |
| 4 | DEVARAJA REDDY M | HYDERABAD | AP | 974 | 9 |
| 8 | RAJENDRA KUMAR P | CHENNAI | TN | 911 | 10 |
| 15 | SHANMUKHA SUNDARAM K | COIMBATORE | TN | 849 | 11 |
| 1 | AMBIKA S Ms. | HYDERABAD | AP | 534 | 12 |
| 13 | SATYANARAYANA G V V | VIJAYAWADA | AP | 427 | 13 |
| 3 | BALACHANDRA PRABHU S B | KOCHI | KL | 340 | 14 |
| 9 | RAMAKRISHNAN R | BANGALORE | KA | 292 | 15 |
| 18 | SRIVATSAN S | TIRUCHIRAPALLI | TN | 270 | 16 |
| 22 | VENKATRAM C | HYDERABAD | AP | 246 | 17 |
| 16 | SRIKANTH S | CHENNAI | TN | 244 | 18 |
| 11 | SABU THOMAS | THIRUVANANTHAPURAM | KL | 218 | 19 |
| 20 | VEDANTHA RAMANUJAM J | CHENNAI | TN | 186 | 20 |
| 19 | SUNEEL KUMAR APPAJI | HYDERABAD | AP | 116 | 21 |
| 23 | VENUGOPAL SWAMI B | HYDERABAD | AP | 92 | 22 |
| 17 | SRINIVAS K J D | VISAKHAPATNAM | AP | 26 | 23 |
SEBI BARS FORMER TATA FINANCE MD FROM CAPITAL MARKETS FOR 2 YEARS
SEBI BARS FORMER TATA FINANCE MD FROM CAPITAL MARKETS FOR 2 YEARSThe
Securities and Exchange Board of India ( Sebi) on Monday barred Dilip
Pendse, former managing director of erstwhile Tata Finance, for two
years from the securities market on charges of involvement in fraudulent
and unfair trade practices in four firms, including Telco ( now Tata
Motors) and Infosys, more than 10 years
Tuesday, December 25, 2012
Vacancy for CA in Ultratech Ltd - Mumbai
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CA Final and CPT November 2012 Examination Result
As per various resources CA Final and CPT November 2012 Examination Result are likely to be declared by 18th or 19th January 2013. Results will be available at www.caresults.nic.in.
Companies Bill prescribes stringent rule for auditors
The long awaited Companies Bill was finally passed by the Lok Sabha yesterday. The new set of rules are expected to improve the quality of governance as it prescribes for stringent rule for auditors and strengthens the hands of the Serious Fraud Investigation Office (SFIO).
The
amended legislation, with 470 clauses, limits the number of companies
an auditor can serve to 20. It has also brought in more clarity on
criminal liability of auditors. Besides, the approved amendments also
include annual ratification of appointment of auditors for five years.
But industry experts are of the view that though the amendment is
welcome, changes should be rolled out in phases or applied to a smaller
set of companies first.
Job Vacancy at Sonipat for Accountant
Job Description mention below
Taxation
v TDS calculates and deposit on time and give TDS return on timely.
v Excise
Return making and deposit on time to Excise department(including custom
duty benefit claim according .to Govt. Rules and regulation and act)
v Excise record preparation i.e. RG-1,RG part-2 & revenue figure
Applications are invited online from the firms of Chartered Accountants who intend to be empanelled with this office for appointment as auditors of Government Companies/Corporations the year 2013-2014
Empanelment of Chartered
Accountant firms for the year 2013-2014
Applications are invited
online from the firms of Chartered Accountants who intend to be
empanelled with this office for appointment as auditors of Government
Companies/Corporations the year 2013-2014. The format of application will be
available on our website: www.cag.gov.in from
FIVE YEARS RIGOROUS IMPRISONMENT WITH FINE OF Rs. 30,000/- acit RAJIV KUMAR
FIVE YEARS RIGOROUS IMPRISONMENT WITH FINE OF Rs. 30,000/- TO THEN ASSISTANT COMMISSIONER OF INCOME TAX IN A BRIBERY CASE
Press Release
New Delhi , 24.12.2012
The Special Judge for CBI case, Mumbai has convicted Sh. Rajiv Kumar the then Assistant Commissioner, Income Tax Circle 27 (1) Piramal Chambers Lal Baugh, Mumbai in a bribery case and sentenced him to undergo five years rigorous imprisonment with fine of Rs. 30,000/-.
Press Release
New Delhi , 24.12.2012
The Special Judge for CBI case, Mumbai has convicted Sh. Rajiv Kumar the then Assistant Commissioner, Income Tax Circle 27 (1) Piramal Chambers Lal Baugh, Mumbai in a bribery case and sentenced him to undergo five years rigorous imprisonment with fine of Rs. 30,000/-.
Latest Update on Southern Region ICAI Election Results
The table below depicts the comparative percentage 2012 percentage
polling to 2009 percentage polling.
| State | Centre | 2012 | Rank(2012) | 2009 | Rank(2009) |
| KL | ALAPUZHA (ALLEPPEY) | 55.7% | 34 | 37.3% | 63 |
| KL | ALUVA (ALWAYE) | 50.0% | 46 | 39.7% | 59 |
| KL | ANANTAPUR | 45.9% | 56 | 61.8% | 19 |
| KA | BANGALORE | 33.10% | 72 | 38.70% | 61 |
| KA | BELGAUM | 56.2% | 33 | 63.4% | 18 |
Certificate Course on Concurrent Audit of Bank - 36 CPE Hrs
We are glad to inform you that Vasai Branch of WIRC is hosting Certificate Course on Concurrent Audit of Bank on 28-30 December, 2012 and 4-6, January, 2013 at GCC Hotel, Mira Road (East).
The Complete Programme Schedule and other details are as follows:-
Eighth Batch of Certificate Course on Concurrent Audit of Banks
On 28-30 December, 2012 and 4-6, January, 2013At Green Court Club(GCC), Mira Bhayandar Road, Mira Road(East), Thane
Organized by: Internal Audit Standards Board of the ICAI
Hosted By: Vasai Branch of WIRC of ICAI
CPE Hours: 36 hrs
Monday, December 24, 2012
Vacancy for CA in Standard Chartered Bank
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Job Details |
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Department: FSSC
Grade: C Reports To: AM |
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Job Description |
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Financial Reporting that includes IFRS statutory accounting and related activities |
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Key Roles & Responsibilities |
Service Tax Exemption Granted to 2 life insurance
NOTIFICATION NO
49/2012-Service Tax, Dated : December 24, 2012
In
exercise of the powers conferred by sub-section (1) of section 93 of
the Finance Act, 1994 (32 of 1994), the Central Government, being
satisfied that it is necessary in the public interest so to do, hereby
makes the following further amendment in the notification of the
Government of India in the Ministry of Finance (Department of Revenue),
No.25/2012-Service Tax, dated the 20 th June, 2012, published in the
Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i),
number G.S.R. 467 (E), dated the 20 th June, 2012, namely:-
In the said notification, after entry 26, the following shall be inserted namely:-
Amendment in DIN Form 4 with effect from 25.12.2012
MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi dated 24th December, 2012.
G.S.R. (E). – In exercise of the powers
conferred by clause a and b of sub-section (1) of section 642 read with
section 266A, 266B, 266D and 266E of the Companies Act, 1956 (1 of
1956), the Central Government hereby makes the following rules further
to amend the Companies (Directors Identification Number) Rules, 2006 namely: –
Expression of interest from Chartered accountant Firms, Comptroller of professionally skilled/qualified audit personal for short listing as auditor for conducting quarterly internal audit of the accounts of sarva shikhsa abhiyan
Sarva Shiksha Abhiyan
Last Date : 26/12/2012
Expression of interest from Chartered accountant Firms, Comptroller of professionally skilled/qualified audit personal for short listing as auditor for conducting quarterly internal audit of the accounts of sarva shikhsa abhiyan, national programme for education of girls at elementary level, kasturba Gandhi balika vidhyalaya and block resource centers programme for the financial tear 2012-13
Address: New Co-Operative Building,Shyamali Colony,Doranda,Ranchi-834024
Phone: 0651-2410519
Email: jeperanchi@rediffmail.com
Last Date : 26/12/2012
Expression of interest from Chartered accountant Firms, Comptroller of professionally skilled/qualified audit personal for short listing as auditor for conducting quarterly internal audit of the accounts of sarva shikhsa abhiyan, national programme for education of girls at elementary level, kasturba Gandhi balika vidhyalaya and block resource centers programme for the financial tear 2012-13
Address: New Co-Operative Building,Shyamali Colony,Doranda,Ranchi-834024
Phone: 0651-2410519
Email: jeperanchi@rediffmail.com
Emirates Airlines is looking for Regional Finance And Admin Manager in Mumbai.
Eligibility criteria:
should have professional accounting qualification to the standard of Chartered Accountant, CPA or similar.
should have 6 to 8 years professional experience, of which 3-4 years must have been in a senior supervisory capacity.
Knowledge of airline accounting procedures ,familiarity with IATA regulations with regard to Passenger / Cargo / Excess Baggage sales.
should have professional accounting qualification to the standard of Chartered Accountant, CPA or similar.
should have 6 to 8 years professional experience, of which 3-4 years must have been in a senior supervisory capacity.
Knowledge of airline accounting procedures ,familiarity with IATA regulations with regard to Passenger / Cargo / Excess Baggage sales.
Zila Parishad Nashik recruitment 2013 Maharashtra Municipal Council vacancies
Name and number of vacancies available:
1. Maharashtra Municipal Council for Engineering Service (Architecture): 03
2. Maharashtra Municipal Council for Engineering Service (Electrical): 04
3. Maharashtra Municipal Council for Engineering Service (Computers): 05
4. Maharashtra Municipal Council for Water Engineering Services: 10
5. Maharashtra Municipal Council for Accounting and Audit: 12
6. Maharashtra Municipal Council for Fire Services Cadre: 03
Eligibility for job opening:
Age limit: 18-38 years as on 18-12-2012
Form 23 C Modified
COMPANIES (CENTRAL GOVERNMENT'S) GENERAL RULES AND FORMS (SEVENTH AMENDMENT) RULES, 2012 - SUBSTITUTION OF FORM 23C
NOTIFICATION NO. GSR 906(E) [F. NO. 52/2/CAB/2012], DATED 19-12-2012
In
exercise of the powers conferred by sub-section (1) of section 642 read
with section 610B of the Companies Act, 1956 (1 of 1956), the Central
Government hereby makes the following rules further to amend the
Companies (Central Government's) General Rules and Forms, 1956, namely: –
Seminar on Investor Awareness Programme 2cpe hours
Vasai Branch invites you to join this Seminar on Investor Awareness Programme. Further details are as follows:-
Extension of last date “for complying with the CPE hours requirement for the calendar year 2012”
Extension of last date “for complying with the CPE hours requirement for the
calendar year 2012” - from 31st December, 2012 to 31st January,
2013
This is for kind information of the members that it has been decided to extend the last date for complying with the CPE hours requirement for the calendar year 2012 by one month, i.e., up to 31st January, 2013.
SecretaryCPE Committee of ICAI
This is for kind information of the members that it has been decided to extend the last date for complying with the CPE hours requirement for the calendar year 2012 by one month, i.e., up to 31st January, 2013.
SecretaryCPE Committee of ICAI
Sunday, December 23, 2012
Candidates elected to Central Council from Western Region
Candidates elected to Central Council from Western Region.
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NAME OF CANDIDATE - Central COUNCIL(west)
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| 1 |
Zaware Shiwaji Bhikaji-Pune
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| 2 |
Shah Dhinal Ashvinbhai-Ahmedabad
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| 3 |
Jambusaria Nihar Niranjan-Mumbai
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| 4 |
Vikamsey Nilesh Shivji-Mumbai
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| 5 |
Adukia Rajkumar Satyanarayan-Mumbai
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| 6 |
Maheshwari Sanjeev Krishnagopal-Mumbai.
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| 7 |
Joshi Shriniwas Yeshwant-Mumbai
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| 8 |
Ghia Tarun
Jamnadas-Mumbai
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| 9 |
Jain Pankaj Inderchand-Mumbai
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| 10 |
Chhaira Jay Ajit-Surat
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| 11 |
Chhajed Prafulla Premsukh-Mumbai
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Lakshmi Vilas Bank recruitment 2012-13 CA vacancy
Job Description: Lakshmi Vilas Bank recruitment 2012-13 CA vacancy
Eligibility for Chartered Accountant job opening:
Age limit: 24-35 years as on 01/12/2012
Candidate Profile:
Candidate must possess 2 to 5 years experience in the area of Audit, Accounts, Taxation, Company Accounts, Credit Appraisal, Credit Monitoring, Treasury Operations, Anti-money laundering and statutory compliance.
Apply online for career opportunity:
Send your job applications in prescribed format to the address mentioned here.
Infosys BPO Bangalore is Urgently Looking for CA Inter, Icwa Inter,
Education (UG - Any Graduate - Any Specialization)
AND (PG
- CA, ICWA)
AND (
Doctorate - Doctorate Not Required)
Please refer to the Job description above
Infosys BPO Bangalore is urgently looking for CA Inter,
ICWA Inter passed candidates with at least 3 years work experience in
Income tax related activities like Tax Audit, Qualification CA Inter
ICWA ICWA Inter Years of Experience 3 years Location of Posting
Bangalore The work for the person will be Monitoring the processing
of Income tax returns and handling exceptions using the Income tax
subject knowledge. Analyze the processed income tax returns to check
for variance if any and find reasons for the variance based on Income
tax related knowledge. Analysis of rectification processed returns for
accuracy based on Income tax knowledge. Should be self-starters and
be able to operate with minimum supervision, With eye for detail and
with flair to think out of the box and work in an uncharted working
conditions. The persons should have proficient knowledge of MS Excel
| : - | 3 - 5 Years |
| Category - | Accounts / Finance |
| Salary - | Not Disclosed by Recruiter |
| Location- | Bengaluru,Bangalore |
| Dateposted - | 22/12/2012 |
Contact Details | |
Recognition of MCX STOCK EXCHANGE
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION-3, SUB-SECTION (II)]
Government of India,
Ministry of Corporate Affairs
Notification
New Delhi, Dated. 21/12/2012
S.O (E) – In pursuance of clause (39) of section 2 of the Companies Act, 1956 (1 of 1956),
the Central Government hereby makes the following further amendment in
the notification of the Government of India in the erstwhile Ministry
of Industry (Department of Company Affairs) number G.S.R. 1060 (E),
published in the Gazette of India, Extraordinary, Part II, Section 3,
Sub-section (i) dated 21st December, 1989, namely:-
Saturday, December 22, 2012
Chhajed elected, Hegde out...
Chhajed elected, Hegde out... Loya elimination as expected gave Chhajed a
big boost...274 2nds ..exactly as per our estimation! With this, former
WIRC Chairman Prafulla Chhajed pulls off one of the most remarkable
comebacks in ICAI Central Council election history..atleast in the last 5
elections ... He was just 1277 in first preference count, 242 votes
behind 11th placed Rajesh Loya and 4 places below! To come back from
such a big deficit and finally win quite convincingly shows the
popularity of Chhajed! As one of
Rate of exchange of conversion of each of foreign currency for Customs purposes wef 21st December, 2012
Notification No.111/2012-Customs (N.T.), DATED THE 20th December, 2012
S.O. (E). – In exercise
of the powers conferred by section 14 of the Customs Act, 1962 (52 of
1962), and in super session of the notification of the Government of
India in the Ministry of Finance (Department of Revenue)
No.108/2012-CUSTOMS (N.T.), dated the 6th December, 2012 vide number S.O. 2838 (E), dated the 6th
December, 2012, except as respects things done or omitted to be done
before such super session, the Central Board of Excise and Customs
hereby determines that the rate of exchange of conversion
TDS U/S 194A applicable on payment by partner to firm
Further sec. 194A provides
exemption from the obligation imposed under that section only in respect
of interest paid/credited by a firm to its partner. The Act does not
provide such exemption to the interest paid/credited by a partner to his
firm.
Wednesday, December 19, 2012
Expression of Interest from Suitable CA Partnership Firms Registered with Comptroller & Auditor General of India for Outsourcing of Execution & Management Services in the area of accounting and taxation.
Chhattisgarh Rural Road Development Agency
Last Date : 21/12/2012
Expression of Interest from Suitable CA Partnership Firms Registered with Comptroller & Auditor General of India for Outsourcing of Execution & Management Services in the area of accounting & taxation.
Address: Chhattisgarh Rural Road Development Agency, Vikas Bhawan, Civil Line, Raipur
Phone:
Email: cg-itno@nic.in
Last Date : 21/12/2012
Expression of Interest from Suitable CA Partnership Firms Registered with Comptroller & Auditor General of India for Outsourcing of Execution & Management Services in the area of accounting & taxation.
Address: Chhattisgarh Rural Road Development Agency, Vikas Bhawan, Civil Line, Raipur
Phone:
Email: cg-itno@nic.in
Require Article Trainee for Doing Chartered Accountancy AT PUNE
| Employer - | KAPOOR BHUSHAN CO CHARTERED ACCOUNTANTS |
| Email - | kapoorbhushanca@hotmail.com,kbckbcd@gmail.com |
HIGHLIGHTS OF THE COMPANIES BILL, 2011 (as passed in Lok Sabha on 18.12.12)
HIGHLIGHTS OF THE COMPANIES BILL, 2011
(as passed in Lok Sabha on 18.12.12)
Ø The Bill has 470 clauses as against 658 Sections in the existing Companies Act, 1956.Ø The entire bill has been divided into 29 chapters.Ø Many new chapters have been introduced, viz., Registered Valuers (ch.17); Government companies (ch. 23); Companies to furnish information or
INDIA GROWTH FAILURE SOLUTIONS-ICSI
Core reasons for failure :
Leadership
Lack of vision and strategic thinking
Failure to ignite passion
Financial mismanagement
High debt leverage
Not in sync with technology and times
Additinal causes for failures:
Competition and efficiency and productivity
Police,revenue depts top chai paani charts
Police,revenue depts top chai paani charts
Bribe Amount Across All State Depts Up 37% In A Year: ACB
& S Ahmed Ali TNN
Thane: When it comes to chai paani,Maharashtra police and the state revenue department lead the stakes,suggest the Anti-Corruption Bureau (ACB)s bribery charts of the past two years.More than 45% of the sarkari staff trapped in bribery cases belong to the two key state agencies.
The ACB statistics underscore a desperate need for transparency in the state administration across all departments as the total bribe amount trapped in 2012 increased 37% from 2011.
Bribe Amount Across All State Depts Up 37% In A Year: ACB
& S Ahmed Ali TNN
Thane: When it comes to chai paani,Maharashtra police and the state revenue department lead the stakes,suggest the Anti-Corruption Bureau (ACB)s bribery charts of the past two years.More than 45% of the sarkari staff trapped in bribery cases belong to the two key state agencies.
The ACB statistics underscore a desperate need for transparency in the state administration across all departments as the total bribe amount trapped in 2012 increased 37% from 2011.
SEMINAR ON SERVICE TAX AT KAUSHAMBI GHAZIABAD
PLEASE JOIN SEMINAR ON SERVICE TAX AT HOTEL ROSSINN NEAR KAUSHAMBI METRO
STATION KAUSHAMBI GHAZIABAD ON 23rd Dec, 2012 TIMING 09:30 AM - 2 PM
CPE HOURS - 4 FEES RS. 250/-
TRANS. HINDON CPE STUDY CIRCLE OF CIRC
TRANS. HINDON CPE STUDY CIRCLE OF CIRC
COMPANIES LIKE SATYAM-ICSI
Companies like Satyam indulge in the following activities that come
under the ambit of unethical practice:
a) Resorting to dishonesty, trickery or deception.
b) Distortion of facts with a view to misleading or creating
confusion.
c) Manipulating executives emotionally by exploiting their
vulnerabilities.
Monday, December 17, 2012
Chartered Accountant Recruitment in Bank of Maharashtra DEC...
Bank of Maharashtra
(A Govt. of India Undertaking)
HRD Department, Lokmangal, 1051, Shivajinagar, Pune – 411005
Chartered Accountant Recruitment – Phase-II 2012-13
Bank of Maharashtra invites Online applications, for Specialists Officers in the following Disciplines :
Hosting of Draft Bank Branch Auditors' Panel for the year 2012-13 till 21st December, 2012
Dear Sir,
We would like to inform that the draft Bank Branch
Auditors' Panel for the year 2012-13 has been hosted at www.meficai.org and will be available till
21st December, 2012. In case of query, pl inform members to log
a complaint at http://www.meficai.org/complaints/complaint_enrty_enter.jsp .
80P(4) are applicable only to the cooperative banks and not to cooperative credit society
80P(4) are applicable only to the
cooperative banks and not to cooperative credit society
ITO vs M/s Vasvi Credit Co-op
Society Ltd
Dated: 14th December
2012
The assessee is a credit cooperative society providing credit facilities
to its members. A.Y 2008-09, return of income was filed declaring NIL income
after claiming exemption under section 80P. The claim of the assessee u/s 80P(2)(a)(i) was rejected by the AO determining
the total income at Rs.61,03,934/- . On appeal the Ld. CIT(A) relied on order
passed in 2011 by ITAT in assessee’s own case Vasavi Credit and held that the assessee is a cooperative credit society and not a
cooperative bank and therefore, is entitled to deduction under section
80P(2)(a)(i) of the Act. It was held that there was a clear distinction
between
'Zero' Campus Placement of CAs – An Eye Opener!
Dear Friends & Professional Colleagues,
The dismal campus placement statistics ( Pls refer CA Journal – Oct 2012 ) should shock the collective conscience of the Professionals, particularly our Council leadership. Only 5.52% ( 587 out of 9382 ) of freshly qualified CAs all over India, who registered for campus placement, were offered jobs! As far as Pune is concerned not a SINGLE job was offered in Pune to the 597 CA job aspirants. Even more surprising is the fact that in a vibrant economic hub like Pune, only ONE corporate attended the campus program. This really should be an eye opener for taking immediate review and corrective actions.
Professional Oppournity- Concurrent Audit Central Bank Of India
Plesea click on below noted link to fill up online application for concurrent audit of Central Bank Of India
http://119.82.71.21/con2012/
http://119.82.71.21/con2012/
Mumbai bench ITAT WNS North America Inc Extended deemed royalty by Finance Act 2012 cannot impact DTAA as treaty definition exhaustive; Reimbursement theory explained from PAYER and PAYEE angle in Intl taxation; Transfer pricing Freight companies
MUMBAI BENCHES “L”, MUMBAI ITA
No.8621/Mum/2010 M/s.WNS North America Inc Date
of Pronouncement : 14.12.2012 The contention of the
ld. DR is two-fold. First, that any retrospective
amendment to the provisions of the Act is
relevant for determining the taxability or deductibility of an amount even
under the provision of the DTAA and second, the amount in question, when
examined in the light of Explanation 5 to sec. 9(1)(vi) inserted
retrospectively clearly, brings it in the scope of `royalty 3.5. We espouse the
first segment of the contention of the ld. DR that the retrospective amendment
to the provisions of the Act per se should
be considered for determining the taxability of the amount even under the DTAA.
Coming back to our context, if the retrospective amendment is in the realm of a
provision of which no contrary
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