http://www.moneylife.in/article/stock-guru-scam-ed-attaches-rs83-crore-assets-of-khaire/35819.html
The most comprehensive news portal for Chartered Accountants and Other Professionals around the world.
Tuesday, December 31, 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
Sunday, December 29, 2013
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 /
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 27TH DECEMBER 2013 AND EXPECTED TO BE COMPLETED BY 12TH 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
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.
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
Friday, December 27, 2013
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,
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
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
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
Thursday, December 26, 2013
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
APPOINTMENT OF AUDITORS UNDER NEW COMPANY LAW
APPOINTMENT OF AUDITORS UNDER NEW COMPANY LAW (Part -1)
Statutory Provision (Section 139)
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
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
Tuesday, December 24, 2013
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
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
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
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
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
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:
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
Chief Executive Officer of
All Scheduled Commercial Banks
Dear Sir,
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
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
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
Vacancy for CA in JP Morgan Chase
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-13017983Description
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
Langpi Dehangi Rural Bank invites Officer Scale-II, Officer Scale-I
Employment Notice For
Officer Scale-II, Officer Scale-I, Office Assistant
City / State
Karbi Anglong , Assam
Advertisement No
Last Date
06-01-2014
Vacancy for CA/CS in Standard Chartered Bank
|
Job Description
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EUC Analyst
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Key Roles & Responsibilities
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Responsible for playing an advisory role
Responsible |
Sunday, December 22, 2013
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
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
Transfer Pricing: High Court Clarifies Important Aspects Of The Law
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
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.
v.
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:
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.
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,
Thursday, December 19, 2013
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 |
Wednesday, December 18, 2013
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.
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.
Vacancy for CA/ CS in Gujarat Tourism Corporation Ltd
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
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
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
Meta-digital Accounting
- 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
Tuesday, December 17, 2013
Vacancy for CA/ ICWA in Microsoft
Date: Dec 17, 2013
Location: Hyderabad, IN
Job Category: FinanceLocation: 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:
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
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
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 ?
speakers and topics are same.
The respected members got the CPE hr for both the seminar.
Why?
Confused ?
Vacancy for CA in JP Morgan Chase
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
Monday, December 16, 2013
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
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.
v.
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
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:
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:
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