Tuesday, December 31, 2013

Stock Guru scam: ED attaches Rs83 crore assets of Khaire

http://www.moneylife.in/article/stock-guru-scam-ed-attaches-rs83-crore-assets-of-khaire/35819.html

President's Message - January 2014 - (31-12-2013)

Vacancy for CA in Bank Of America

Job description

Overview

Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. The company provides unmatched convenience in the United States, serving more than 59 million consumer and small business relationships

36 Most Beautiful Happy New Year 2014 HD Wallpapers

Skype

Vines

The South African Institute of Chartered Accountants (SAICA) welcomes the release of the International Integrated Reporting Framework

Johannesburg, Monday, 09 December 2013 – The South African Institute of Chartered Accountants (SAICA) welcomes the release of the International Integrated Reporting Framework as it views integrated reporting as the evolution of corporate reporting and an area of strategic importance to its members.

“Local organisations will find the framework easy to apply and flexible enough that it can be used by different

Vacancy for CA/ICWA in RITES Ltd

Post: Jt. General Manager (Finance)
IDA pay scale (Rs.) 36600-62000
Qualification: Graduate with professional qualification of CA/ICWA.
VC No.57/13
Post: Dy. General Manager (Finance)
IDA pay scale (Rs.) 29100-54500
Qualification: Graduate with professional qualification of CA/ICWA.
Position: Requirement of Jt.General Manager & Dy.General Manager in Finance and Accounts discipline on regular basis.
RITES Ltd., a premier consultancy organization proposes to recruit suitable personnel in the following grade and discipline to meet its requirements. Applications are invited from dynamic and result oriented professionals employed in Indian Railways / Central / State Government Department / Central / State PSUs /

Latest Taxation Amendments Relevant for IPCC-May & Nov 14 Exams

Latest Taxation Amendments Relevant for IPCC-May & Nov 14 Exams!!!

Download it from here:

Central Excise - CENVAT Credit on returned goods - Duty paying Documents - Adjudication Order beyond the scope of Show Cause Notice not sustainable - CESTAT by majority

NEW DELHI : THIS is an appeal filed by M/s Dhanuka Pesticides Ltd against the order in appeal dated 8.12.2004. The brief facts of the case are that the appellants are manufacturers of Pesticides/Insecticides and are availing the cenvat credit on inputs used in the manufacture of pesticides/insecticides. On the visit to their factory on 26.11.2001, it was found by the officers that appellants had availed cenvat credit in respect of rejected goods received back in part consignments from their own sales depot under the cover of challans/bills/invoices issued by the

Extension to 10-01-2014 from 31-12-2013 of due date of filing Form AR-I for FY 2012-13 for DVAT Dealers

Extension to 10-01-2014 from 31-12-2013 of due date of filing Form AR-I for FY 2012-13 for DVAT Dealers with GTI of 10 crores and above in 2011-12 or 2012-13. [Notification of 27-12-2013].

Shifting of Institute's Office from "ICAI Bhawan" Cuffe Parade to "ICAI Tower" BKC, Mumbai

"THE INSTITUTE IS SHIFTING ITS DECENTRALISED OFFICE AND WIRC OFFICE FROM 'ICAI BHAWAN' CUFFE PARADE TO 'ICAI TOWER' BKC, MUMBAI. THE SHIFTING OF RECORDS HAS BEEN STARTED FROM 27^TH DECEMBER 2013 AND EXPECTED TO BE COMPLETED BY 12^TH JANUARY 2014. DURING THE SAID PERIOD IT WILL BE OUR ENDEAVOUR TO SERVE THE MEMBERS AND STUDENTS

List Of Closed And Restricted Holidays For The ITAT In 2014

The Assistant Registrar of the Tribunal has released a list of closed and restricted holidays for the Tribunal.

(Click Here To Read More)

S. 2(22)(e): Inter-corporate Deposits Are Not Taxable As Deemed Dividend

S. 2(22)(e): Inter-corporate deposits (“ICDs”) are not “loans and advances” and are not assessable to tax as “deemed dividend”

The assessee received an inter-corporate deposit of Rs.11.20 cr from IFB Automotive Pvt. Ltd, a company in which it held 18% of the shares. The AO and CIT(A) held that the said ICD constituted “loans and advances” and was assessable as “deemed dividend” in the assessee’s hands u/s 2(22)(e). On appeal by the assessee to the Tribunal HELD allowing the appeal:

Microsoft and your tax returns

http://www.thehindubusinessline.com/opinion/microsoft-and-your-tax-returns/article5515493.ece?homepage=true

Vacancy for CA in Bihar Medical Services and Infrastructure Corporation Limited

Candidate profile
MBA/CA/MBBS/M.Pharma/PG Degree in Operations/Production/Project Management/ Supply Chain/ Inventory, Graduate in Mechanical /EE / Production/ Operations/ Biomedical/ Chemical/Bio-engineering/Process/Clinical Engineering

7 years experience in Bihar Health Service /Bihar Administrative Service or other Govt. Service

BMR Advisors invites application for the post of Senior Associate - Indirect tax in Mumbai.

BMR Advisors invites application for the post of Senior Associate - Indirect tax in Mumbai.

Candidate profile: Should be CA/LLB with relevant knowledge in Indirect Tax. Additional qualification of CS will be plus. Having min.2 to 3 years of post qualification experience in indirect tax.

should have Sound knowledge Indirect tax and experience of working on an advisory and compliance assignments. Should be able to lead a team and analyse and think differently. Should have Excellent

Vacancy for CA in Delloitte

Lead the market
Deloitte is the only fully integrated business consulting & advisory firm in the world providing audit, tax, consulting, and financial advisory services across 150 countries.
The Forensic & Dispute Services Team consists of Service lines such as Business Intelligence, Anti-Fraud consulting Foreign Corrupt Practices Act (FCPA), Corporate Investigations, Anti-Money Laundering,

The Institute of Chartered Accountants Australia today welcomed the appointment of Mr Andrew Mills as Second Commissioner of Taxation at the Australian Taxation Office

The Institute of Chartered Accountants Australia today welcomed the appointment of Mr Andrew Mills as Second Commissioner of Taxation at the Australian Taxation Office, replacing retired Bruce Quigley.
Institute Chief Executive Officer Lee White said Mr Mills has an excellent reputation within the taxation profession.
“Andrew will provide the ATO with valuable practical insights into the tax issues confronting the large

I wouldn't buy gold with my worst enemy's cash: Strategist

Despite the slight recovery in prices, Scott Nations, the president and chief investment officer of NationsShares, told CNBC on Monday that the value of gold has been completely distorted by the Fed's quantitative easing program and its true value is closer to USD 1,000 per ounce. As the Federal Reserve's tapering announcement pushes gold close to its 2013 low, one strategist told CNBC he

Investments by persons resident outside India in tax free, secured, redeemable, non-convertible bonds - RBI Instructions

Investments by persons resident outside India in tax free, secured, redeemable, non-convertible bonds - RBI Instructions

REGULATION No. 6 (2) of Foreign Exchange Management (Borrowing and Lending in Rupees) Regulations, 2000 imposes restrictions on person resident in India who have borrowed in Rupees from a person resident outside India to the effect that such borrowed funds cannot be used for any investment, whether by way of capital or otherwise, in any company or partnership firm or

The great Corporate bank robbery

The great Corporate bank robbery

NPA = Non Performing Assets
OR

Net Profit Assets for Bankers?

OMG!!!

The great bank robbery

2 December 2013, New Delhi, Nantoo Banerjee

Corporate defaulters run away with billions
Bank robbery always makes big news. But, not when it is craftily conducted by clever corporates. Corporate robbery of banks even carries a fashionable nametag

Airtel offers free Facebook access in 9 regional languages

http://www.thehindubusinessline.com/industry-and-economy/info-tech/airtel-offers-free-facebook-access-in-9-regional-languages/article5507996.ece

Bridgestone India Private Ltd. invites application for the post of Assistant Manager- F&A

Bridgestone India Private Ltd. invites application for the post of Assistant Manager- F&A in Chakan, Pune.

Reference No: 212

Age Limit: 23 To 28 Years.

Eligibility: should be a CA with min.1 to 2years of experience in the relevant field. Candidate with specialization in CA-11 & CA-12 can eligible to apply. Female candidates will be preferred. should have

Vacancy for CA/ICWA in National Projects Construction Corporation (NPCC)

National Projects Construction Corporation Limited (NPCC)

Management Trainee

National Projects Construction Corporation (NPCC)

Address: NPCC Limited, Corporate Office, Plot No. 67-68, Sector-25

Postal Code: 121004

City Faridabad

State Haryana

MCA May debar professionals and not allow them to submit any document on MCA 21 Portal for making wrong filings

Ministry of Corporate Affairs (MCA) vide its LETTER D.O. NO.IC/CIR.14/PLS/MCA21/2013, DATED 19-12-2013 has advised all certifying Professionals on defect free filing of all forms in MCA 21 Portal as per provisions of Companies Act, 1956. Letter is being reproduced here under for reference:

LETTER D.O. NO.IC/CIR.14/PLS/MCA21/2013, DATED 19-12-2013

Ministry of Corporate Affairs (MCA) has taken serious view of the pendency of eforms in various offices of the MCA in South East Region and issued instructions to this Directorate to take steps to impress upon the certifying professionals (CA/CS/CMA) to completely avoid defective filings so as to facilitate early disposal

Selection Of Statutory Auditor National Rural Health Mission State Health Society - Maharashtra

National Rural Health Mission State Health Society - Maharashtra

Last Date : 31/12/2013
Selection Of Statutory Auditor

Address: National Rural Health Mission State Health Society,Arogya Bhavan, 3rd flr, St.George Hospital

pan.pdf

APPOINTMENT OF AUDITORS UNDER NEW COMPANY LAW

APPOINTMENT OF AUDITORS UNDER NEW COMPANY LAW (Part -1)

Statutory Provision (Section 139)

Section 139 corresponds to section 224 of the Companies Act, 1956 and seeks to provide that a company shall appoint an individual or a firm as an auditor at Annual General Meeting subject to his written consent, who shall hold office till conclusion of sixth annual general meeting. The manner and procedure of selection committee shall be prescribed by the Central Government. A notice of appointment should be filed with the Registrar. The Section provides for the provisions for rotation of auditors. The Central Government may

Transfer Pricing: CBDT Issues Important Directives On Safe Harbour Rules

Pursuant to the Safe Harbour Rules in Rules 10TA to 10TG, the CBDT has issued a letter dated 20.12.2013 in which it has laid down important directives and clarifications on the manner in which the Safe Harbour Rules are meant to be implemented. The directives and clarifications are as follows:

(i) AOs should carefully verify and provide to the CBDT in writing the details of all Form 3CEFA received

Now, Aadhaar Card valid identity, address proof to get PAN

http://www.hindustantimes.com/business-news/now-aadhaar-card-valid-identity-address-proof-to-get-pan/article1-1166574.aspx

Financial instruments convergence in doubt after FASB decisions

FASB took what appears to be two steps back from convergence with the International Accounting Standards Board (IASB) last week with a pair of major tentative decisions in its project on accounting for financial instruments.
In the classification and measurement portion of the project, the board decided not to continue to pursue its proposed

FASB, PCC issue rules for private-company GAAP alternatives

The rules for providing alternative financial reporting guidance for private companies were formally established Monday when FASB and the Private Company Council (PCC) issued their Private Company Decision-Making Framework: A Guide for Evaluating Financial Accounting and Reporting for Private Companies.
FASB also issued its definition of a public business entity, clarifying which entities are eligible for alternative guidance for

Vacancy for CA(Inter)/CWA(Inter) in Schneider Ltd

Sr. Executive - GL - 000RBW

Handle day to day operations in GL viz.,

- Posting of Journals

- Preparation of Bank Reconciliatons

- Preparation of GL reconciliations

- Follow up for open items

- Preparation and analysis of Accruals & Provision

Preparation of GL Schedules for Balance Sheet & Profit & Loss Account

Vacancy for CA/CWA Schneider Electric

Handle day to day operations in GL viz.,

- Ensuring all the accounting is done as per agreed Policies & Procedures and monitoring Monthly SLA assessment

- To supervise & guide subordinates in their day to day activities in the area of Accounts.

- Prepare GL reconciliations and closure of open items

- Handle Month Close activities

Monthly analysis of various Cost Centre Reports, Identifying accounting gaps, recommending for better accounting practices and modifying the check-lists.

Periodic Closing as per the Reporting guidelines.

Interaction with Internal & External Auditors

Generating MIS reports and presenting to the management

Qualifications

Preferably a CA/CWA 2-4 Years / Graduate with 5-7 years of experience in Accounting.

Strong accounting basics and knowledge upto finalization.

Operational knowledge in Oracle will be added advantage

Vacany for CA in rakesh kartikey gupta & co.

Company Name/ Employer Name: rakesh kartikey gupta & co.

Skill Required: good experience in statutory and internal audit.

Experience Required: 0-3 years

Minimum Education Required: CA

Job Location: Baddi

Vacancy for CA in T R Chadha & Co.

Company Name/Employer Name: T R Chadha & Co.

Job Description: Chartered Accountants with 0-2 years experience in auditing. The candidate will be responsible for handling Statutory audits, Internal Audits and Bank stock audits independently.

"1.    Verification of Cash
2.    Branch Staff punctuality
3.    Verification of Petty Cash
4.    Verification of gold loan documents (open & closed)
5.    Verification of KYC forms

Accumulated Cash Prize of Members who won Forum Activator awards

Click here to see the Accumulated Cash Prize of Members who won Forum Activator awards

To participate in Forum Activator contest click here

Chief Reservation Supervisor of important stations are authorized by Railway Administration to permit the Change in the Name of Passenger Holding Confirmed Reservation ticket in Indian Railway

1. Save as otherwise, a berth or a seat reserved in the name of a person shall be used only by the person and shall not be transferable to any other person.

2. Chief Reservation Supervisor of important stations are authorized by Railway Administration to permit the change of name of a passenger having a seat or berth reserved in his name in the following circumstances namely :
(a) Where the passenger is a Government Servant, proceeding on duty and appropriate authority, makes a

Vacancy for CA/ICWA in Dredging Corporation of India Ltd

Dredging Corporation of India Ltd Recruitment 2014 – Manager, Superintendent Posts: Dredging Corporation of India Limited has posted employment notification against special recruitment drive for SC/ ST/ PWD candidates for Manager, Superintendent Posts. Eligible candidates can send their applications on or before 27-01-2014. More information like age limit, qualification, how to apply are given below…

Dredging Corporation of India Ltd Vacancy Details:

Chartered Accounts Empanelled with the comptroller & Auditor General of India & having experience in Public works Audit for internal audit of Accounts of KRRDA & 29 sunordinate divisional offices

Karnataka Rural Road Development Agency

Last Date : 26/12/2013
Chartered Accounts Empanelled with the comptroller & Auditor General of India & having experience in Public works Audit for internal audit of Accounts of KRRDA & 29 sunordinate divisional offices

Request for Proposal from Chartered Accountant Firms for Statutory Audit / Internal Audit Of Fluid Control Research Institute.

Fluid Control Research Institute

Last Date : 26/12/2013
Request for Proposal from Chartered Accountant Firms for Statutory Audit / Internal Audit Of Fluid Control Research Institute.

Address: Fluid Control Research Institute, Kanjikode West, Palakkad – 678 623.
Phone:
Email:

Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances – Credit Card Accounts

RBI/2013-14/414
DBOD.No.BP.BC.78/21.04.048/2013-14

December 20, 2013

The Chairman and Managing Director/
Chief Executive Officer of
All Scheduled Commercial Banks
Dear Sir,

Prudential Norms on Income Recognition, Asset Classification and
Provisioning pertaining to Advances – Credit Card Accounts

Please refer to paragraph 2.1 of the Master Circular dated July 01, 2013 on Prudential Norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances, wherein definitions of non-performing assets (NPAs) have been indicated.

2. In credit card accounts, the amount spent is billed to the card users through a monthly statement with a definite due date for repayment. Banks give an option to the card users to pay either the full amount or a

Land Acquisition Act effective from January 1, 2014

SECTION 1 OF THE RIGHT TO FAIR COMPENSATION AND TRANSPARENCY IN LAND ACQUISITION, REHABILITATION AND RESETTLEMENT ACT, 2013 - ENFORCEMENT OF ACT - NOTIFIED DATE OF ENFORCEMENT OF SAID ACT

NOTIFICATION NO. SO 3729(E) [FILE NO.13011/01/2013-LRD], DATED 19-12-2013

In exercise of the powers conferred by sub-section (3) of section 1 of the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 (30 of 2013), the Central

RBI permits firms to issue tax-free bonds to overseas residents

http://www.thehindu.com/business/Economy/rbi-permits-firms-to-issue-taxfree-bonds-to-overseas-residents/article5497841.ece?homepage=true

Vacancy for CA/CS in Indian Institute of Corporate Affairs

Name of the Post: Consultant

No of the Post: 01 One

Required for: School of Competition Law & Market Regulation

Required Job Profile:

Vacancy for CA/ICWA in Hindustan Salts Limited

Candidate profile
CA or ICWA with at least 1 year post qualification experience
or
CA/ICWA (Inter) with 7 years post qualification experience
or
M.Com with 12 years post qualification experience

Job Description

AVP - CAO Finance, F&BM, CIB, Global Finance, Mumbai-130113093

Job Description

The Reference Data Technology (RDT) group provides the applications and feeds which support the infrastructure and the instrument, market and reference data used for trading, risk management and settlement across the Investment Bank. RDT is in the midst of a major multi-year initiative to create a strategic Reference Data platform that will source, master and distribute instrument, client, trading account

Vacancy for CA/CPA in American Express

Date: Dec 24, 2013

Location: Gurgaon, INDIA, IN

Service Delivery Leader / Sr. Service Delivery Leader-13017983

Description
The Service Delivery Leader Projects will be an integral part of the TRSCo Controllership Team and will be primarily responsible for driving pan TRSCo Controllership projects. The incumbent will be involved in strategic & cross-functional projects, as well as drive long-term results for the business and will involve interactions with several senior leaders across Controllership and AXP. The position requires flexibility and ability to effectively function in a dynamic environment, with the ability to address ad-hoc requests that arise due to developing business needs while managing compelling priorities and deliverables within tight deadlines. The candidate should be results-driven, flexible and adaptable to change as well as demonstrate ability to operate in a complex and dynamic environment. Key responsibilities include - but are not limited to:
- Lead, implement and measure a broad range of strategic initiatives / projects across the TRSCo Controllership team
- Transform ideas, synthesize strategic information and concepts into clear and concise presentations
- Provide general support to the Directors in the TRSCo Controllership Team in project coordination and follow-ups
- Interact effectively with the global leadership team, including developing strong relationships across customer base and support groups to manage requests from senior management and ensure key deliverables are met.

Qualifications

The individual should be highly energetic, organized and a self-starter with a strong capacity to multi-task across multiple disciplines, priorities and deadlines. Specifically, the incumbent must have:
- Strong problem solving, project management skills with demonstrated proficiency in managing multiple

Employment Notice For

Officer Scale-II, Officer Scale-I, Office Assistant

City / State

Karbi Anglong , Assam

Advertisement No

Last Date

06-01-2014


	Job Description
	EUC Analyst
	Key Roles & Responsibilities
	 Responsible for playing an advisory role  Responsible

Vacancy for CA/ ICWA / CS in National Institute of Electronics and Information Technology (NIELIT)

National Institute of Electronics and Information Technology (NIELIT)

Chief Finance Officer

National Institute of Electronics and Information Technology (NIELIT)

Address: Electronics Niketan, 6, CGO Complex, Lodhi Road

Postal Code: 110003

Expression of interest for reputed firms of chartered accountants having their registered offices in india for their empanelment (the panel of chartered accountants) for selection of one of the firms to act as statutory auditors M/s ka,pataru satpura transco pvt ltd

Madhya Pradesh Power Transmission Company Limited

Last Date : 23/12/2013
Expression of interest for reputed firms of chartered accountants having their registered offices in india for their empanelment (the panel of chartered accountants) for selection of one of the firms to act as statutory auditors M/s ka,pataru satpura transco pvt ltd (concessionaire) involved in development of 400KV

Seminar on service tax in the name of Investors awareness

On 21/12/2013 Patna Branch of CIRC of ICAI organised cpe program on service tax provisions relating to real estate& Builders at Hindustan club Bhagalpur. This program was organized under the banner of Investors Education & Protection fund. It is highly objectionable that in the name of investors awareness seminar on service tax for CA's in Bhagalpur was organised.Even CA's of bhagalpur paid Rs 750/

Companies Act, rise in frauds to change India Inc approach: EY

http://www.business-standard.com/article/companies/companies-act-rise-in-frauds-to-change-india-inc-approach-ey-113122200129_1.html

New customs form for Indians, foreigners from Jan 1

http://www.hindustantimes.com/business-news/new-customs-form-for-indians-foreigners-from-jan-1/article1-1165257.aspx

Comments submitted on IASB Exposure Draft: Novation of Derivatives and Continuation of Hedge Accounting. - (20-12-2013)

Comments submitted on IASB Exposure Draft: Leases. - (20-12-2013)

Comments submitted on IASB Exposure Draft: Insurance Contracts. - (20-12-2013)

Comments submitted on IASB Exposure Draft: Agriculture : Bearer Plants, Proposed amendments to IAS 16. - (20-12-2013)

Comments submitted on IASB Exposure Draft: Classification and Measurement Limited Amendments to IFRS 9. - (20-12-2013)

Comments submitted on IASB Exposure Draft: Financial-Instruments-Expected-Credit-Losses. - (20-12-2013)

Annual Improvements to IFRSs 2012–2014 Cycle (Last date for sending comments: January 28, 2014) - (18-12-2013)

Friday, December 20, 2013

Vacancy for CFA/ICWA/CA/CS in Dombivli Nagari Sahakari Bank Limited

I Class Graduate in any stream & CAIIB is essential.

MMS/MBA,- CFA/ICWA/CA/CS,- LLB/LLM desirable

Minimum 9 years experience in audit & Inspection Department out of which minimum 5 years experience in

Li And Fung India Pvt. Ltd vs. CIT (Delhi High Court)

Transfer Pricing: TNMM under Rule 10B(1)(e) contemplates ALP determination with reference to the relevant factors (cost, assets, sales etc.) of the assessee and not those of the AE or third party. Assessee’s study report cannot be discarded without showing how it is wrong. Finding that assessee is a risk bearing entity should be based on tangible material

The assessee, a wholly owned subsidiary in India of Li & Fung (South Asia) Ltd., Mauritius, was set up as a captive offshore sourcing provider. It entered into an agreement with Li & Fung (Trading), Hong Kong, an associated enterprise, for rendering “sourcing support services” for the supply of high volume & time sensitive consumer goods. The assessee was entitled to receive cost plus a mark up of 5% for the services

SEBI : Notice and direction issued by SEBI to safeguard interest of investors cannot be interfered by Court

[2013] 40 taxmann.com 316 (Karnataka)

GST : Explanation to section 2(d) of Central Excise Act, 1944 deals with marketability aspect only; therefore, even if end cuttings of wire emerging in course of manufacture of wiring harness is marketable, since it is not a manufactured product, it cannot be liable to duty

GST : Explanation to section 2(d) of Central Excise Act, 1944 deals with marketability aspect only; therefore, even if end cuttings of wire emerging in course of manufacture of wiring harness is marketable, since it is not a manufactured product, it cannot be liable to duty

[2013] 39 taxmann.com 76 (New Delhi - CESTAT)

CESTAT, NEW DELHI BENCH

Minda Sai Ltd.

Commissioner of Central Excise, Noida*

Annual Improvements to IFRSs 2012–2014 Cycle

The International Accounting Standards Board (IASB) has published this Exposure Draft of the proposed amendments to International Financial Standards (IFRSs) as part of its Annual Improvements project. The project provides a streamlined process for dealing efficiently with a collection of non-urgent amendments to IFRSs. These amendments meet the criteria for the IASB’s Annual Improvements process and which are included in the IFRS Foundation Due Process Handbook published in February 2013.

The Exposure Draft includes a chapter for each Standard for which an amendment is proposed. Each chapter includes:

an explanation of the proposed amendment;
when necessary, any specific additional questions that are unique to that proposed amendment;

Excerpts of ICAI Intl.Conf. on NDTV Profit

Recognizing its role and responsibilities in the changing global economy, ICAI hosted International Conference on the theme "Accountancy Profession: Emerging Frontiers of Future Growth” from November 21-23, 2013 at Kolkata to dwell deeper into emerging paradigm of accountancy profession and deliberate on issues of emerging significance.
The Conference was an assimilation of learned resources & saw participation of approx 3500 stakeholders from across the globe.
Please watch the excerpts of 3 day conference on NDTV Profit at below mentioned date & timings.

EU member states approve mandatory audit firm rotation

The EU took another step toward a mandatory audit firm rotation requirement Wednesday when member states approved new audit regulations.

The new regulations and amendments approved include a requirement that audit firms rotate engagements with public-interest entities every ten years – with provisions for longer periods when engagements are put out for bid or joint audits are performed. Public-interest entities include banks,

RBI releases FAQs on Inflation Indexed National Saving Certificates

FAQs ON INFLATION INDEXED NATIONAL SAVING SECURITIES - CUMULATIVE (IINSS-C)

PRESS RELEASE, DATED 18-12-2013

1. Who is eligible to invest in the Inflation Indexed National Saving Securities-Cumulative (IINSS-C)?

♦

Only retail investors would be eligible to invest in these securities. The retail investors would include individuals, Hindu Undivided Family (HUF), charitable institutions registered under section 25 of the Indian Companies Act and Universities incorporated by Central, State or Provincial Act or declared to

Empanelment for Concurrent Audit of Central Bank of India

Click here to apply

Delhi Golf Club Job Vacancy Dec 2013- Jan 2014: Financial Controller

Employment is available in The Delhi Golf Club Ltd. for the post of Financial Controller and Estate Manager. Salary for both posts with commensurate with experience.
Candidate Profile:
Post: Financial Controller
Qualification: CA/ MBA Finance/ M.Com.
Experience: 15 years in finance, accounting, etc. Experience of computerized accounting systems with excellent PC skills.

Gujarat Tourism Corporation Ltd invites application for the post of Infrastructural Design Expert/ Architect Planner /Finance Expert www.freshersworld.com

Sl.No.	Name of Post	Qualification
1	Infrastructural Design Expert	Masters in Civil Engineering/ Infrastructural Planning. Experience : Min. 3-5 years in Infrastructural Design
2	Finance Expert	CA/CS/MBA (Finance). Experience : Min. 3-5 years in Financial Planning/ Modelling etc.
3	ELA Expert	Masters in Environmental Planning/Environmental Sciences/ Environmental Studies/ Natural Resource Management. Experience : Min. 2-4 years in relevant field
4	Contracts Expert	Masters in Civil Engineering. Experience : Min. 2-4 years in contract designing and management/ PMC
5	Architect Planner	Master’s in Architecture/ Urban Planning/Infrastructure Planning. Experience : Min. 1-3 years in Architectural Designing and Planning

How to apply

S. 143(1): CBDT Relaxes Time Period For Issue Of Refund Intimations

The CBDT has issued Instruction No. 18/2013 dated 17.12.2013 stating that there are several instances where die to technical or other reasons the intimation in refund cases could not be sent to the assessees within the time limit prescribed in the second proviso to s. 143(1) of the Act. To alleviate the grievance

Another Speak Asia? Empower Network: Selling dubious online marketing products

http://www.moneylife.in/article/another-speak-asia-empower-network-selling-dubious-online-marketing-products/35646.html

CBI arrests Joint Commissioner Income Tax

Press Trust of India | New Delhi December 17, 2013 Last Updated at 20:47 IST

CBI today arrested two Income Tax officials including Joint Commissioner of Income Tax S Shivanandan in Odisha while allegedly receiving bribe of Rs five lakh for closing tax penalty proceedings against a person and recovered documents of properties worth crores of rupees.

CBI sources here said the arrest followed a Income Tax search led by Shivanandan and Income Tax Officer Narayan Nayak at the house of one R K Shukla in Dhenkanal, 75 km from state capital Bhubaneshwar, in

Accountants. Traditional accountants will be replaced by “Meta-digital Accounting (MdA).… Analysis of, and transactions involving, economic and financial data will be automated; no human presence is required.”—Alexandru Tugui, Faculty of Economy and Business Administration,

High Court orders sale of Zenith Infotech's cloud computing business

http://www.moneylife.in/article/high-court-orders-sale-of-zenith-infotechs-cloud-computing-business/35662.html

PAN must for tax benefit if rent above Rs 1 Lakh

http://businesstoday.intoday.in/story/pan-card-must-for-tax-benefit-if-rent-above-rs1-lakh/1/201579.html

Tuesday, December 17, 2013

Vacancy for CA/ ICWA in Microsoft

Date: Dec 17, 2013

Location: Hyderabad, IN

Job Category: Finance
Location: Hyderabad, IN
Job ID: 862233-132304
Division: Finance

Senior. Finance Manager

Profession: Finance Discipline: Fin Plan & Analysis and Controllership Location: India, Hyderabad
We at MS IT, develop mission critical applications that support Microsoft businesses worldwide and manage Microsoft worldwide IT infrastructure. Working on next generation technologies to create software that helps Microsoft and its customers realize their full potential, is a challenge that drives us. We are Microsoft’s 1st

Vacancy for CA inter/ ICWA Inter in Accenture

Schedule: Full-time

P2P Analysts are the process owners for Accounts Payable and Travel and Entertainment operations/ processes of Accentures global clients. He/she is part of large scale operations and support team leads and managers in handling large teams by establishing a structured review mechanism and drive the team to operational excellence. As a global process owner, the responsibilities also include collaborating with remote

Vacancy for CA in Deloitte

Deloitte" is the brand under which tens of thousands of dedicated professionals in independent firms throughout the world collaborate to provide Audit, Consulting, Financial Advisory, Risk Management and Tax services to selected clients. These firms are members of Deloitte Touche Tohmat...read more

Interested chartered accountant/cost accountant firms for conduct of concurrent & revenue audit of head office along with 12 branches of bank.

Howrah District Central Co Operative Bank Limited

Last Date : 18/12/2013
Interested chartered accountant/cost accountant firms for conduct of concurrent & revenue audit of head office along with 12 branches of bank.

Address: Howrah - West Bengal
Phone: 033-26610821
Email:

Vacancy for CA/ACCA/CPA in World Bank

Competencies: Integrity and Independence - Interprets information in an objective manner, and disseminates information with due attention to potential issues of confidentiality and disclosure. Statutory and other Stakeholder Reporting - Good understanding of financial statements and stak...read more

Circular by January 15 for levying excise on goods sold below cost: Finance Ministry

http://profit.ndtv.com/news/economy/article-circular-by-january-15-for-levying-excise-on-goods-sold-below-cost-finance-ministry-375130

CAG Exposes Defects In Law And Procedure Of Taxation Of Charitable Trusts

The Comptroller and Auditor General of India (“CAG”) has issued a hard-hitting report in which it has conducted a detailed study of the law and procedure relating to charitable trusts and identified all the short-comings therein.

The revenue loss due to the lapse runs into several thousands of crores.

One of the surprising aspects is with regard to the procedure followed by the income-tax department. The Report cites several cases where the department has issued registrations without verifying even the trust deed

IT : Discount paid to distributor by cellular operator for selling mobile recharge coupons constitutes commission payment liable for TDS

■■■

[2013] 40 taxmann.com 46 (Cochin - Trib.)

Service tax refund: Shome Panel plays role in simplifying procedures and issuance of clarifications

NEW DELHI, DEC 17, 2013: IN July 2013, the Union Finance Minister, Mr P.Chidambaram, constituted a Forum for exchange of views between industry groups and Government on tax related issues or tax related disputes. The Forum is chaired by Dr. Parthasarathi Shome, Adviser to the Finance Minister and supported by officers of the Central Board of Direct Taxes (CBDT) and the Central Board of Excise and Customs (CBEC). The Forum has heard various industry groups and associations during August – September 2013 and the issues raised by them are being

cbdt circular.pdf

CPE HRS a Mockery

A same seminar took place in city X and next day in city Y. The
speakers and topics are same.

The respected members got the CPE hr for both the seminar.

Why?
Confused ?

Qualifications

Education

Chartered Accountant with good academics.

Experience

CA with 1-3 years post qualification experience or Graduate with 5-7 years of experience coming from accounting / audit / finance / banking function

Vacancy for CA in BPCL

Accounts Officer Numaligarh Refinery Limited (NRL) is a group company of Bharat Petroleum Corporation Limited having annual turnover of Rs. 8752.88 crores during financial year 2012-13. The company operates a 3.0 MMTPA capacity petroleum refinery located at Numaligarh in Golaghat district o...read more

Excise & Customs : Financial hardship is not sole criteria for dispensation of requirement of pre-deposit; if an assessee has a good prima facie case in appeal, pre-deposit should be dispensed with

[2013] 39 taxmann.com 38 (Calcutta)

HIGH COURT OF CALCUTTA

Stewarts & Lloyds of India Ltd.

CESTAT, Kolkata

Interested chartered accountant/cost accountant firms for conduct of concurrent & revenue audit of head office along with 12 branches of bank.

Howrah District Central Co Operative Bank Limited

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