Thursday, January 30, 2014

Vacancy for CA / CS / CWA in MAP_IT

Madhya Pradesh Agency for Promotion of Information Technology (MAP_IT) issued notification inviting online applications for recruitment to 43 Management posts of Information Technology for its offices in Bhopal, Gwalior, Indore & Jabalpur (in M.P.). Interested candidates should apply online through MAP_IT website till 6 February 2014.

Important Date
Last Date t o apply online through Company’s website: 6 February 2014

1000cr tax demand order decided by Bangalore ITAT

Bangalore ITAT stay demand of 1000cr by revenue.

TP - Reimbursement of expenses were to be excluded while computing the operating revenues of the assessee while determining the ALP under the TNMM method. Companies like Infosys, Tata Elxsi, Wipro extreme turnover are not comparable.

Seprate book of account are not required to be maintained for STPI/SEZ unit, however Foreign exchange remittances in relation to export of computer software out of India should be established by the assessee to claim deduction u/s 10A/ 10AA.

KNOW_NOTIFI_MVAT_01_29_14_6_23_51PM.pdf

Operational risks of KYC and AML policies in India

http://www.moneylife.in/article/operational-risks-of-kyc-and-aml-policies-in-india/36127.html

'ICAI get assurance from Corp Affairs Min on cost audit rules'

http://www.business-standard.com/article/pti-stories/icai-get-assurance-from-corp-affairs-min-on-cost-audit-rules-114012901351_1.html

Saturday, January 25, 2014

Procedure for PAN Allotment Process to change from Feb 2014

The procedure for PAN allotment process will change with effect from February-3 according to a notification from the Ministry of Finance.
“From this date onwards (3.2.2014), every PAN applicant has to submit self-attested copies of Proof of Identity (POI), Proof of Address (POA) and Date of Birth (DOB) documents and also produce original documents of such POI/POA/DOB documents, for verification at the counter of PAN Facilitation Centres,”

Vacancy for CA/ICWA/CS in Biotechnology Industry Research Assistance Council (BIRAC)

Biotechnology Industry Research Assistance Council (BIRAC), set up by the Department of Biotechnology, Ministry of Science & Technology, Government of India invited applications for recruitment to 10 posts in different disciplines. Interested candidates should send their applications till 15 February 2014.

Important Dates:

Last Date for receipt of applications: 15 February 2014.

Vacancy Details:

Total Vacancies: 10 posts

Type of Recruitment: Contract Basis:

Period of Recruitment: initially for 3 years, renew-able for 4 years and then every 5 years, based on performance.

Vacancy for CA / ICWA Inter in KELTRON ELECTRO CERAMICS LIMITED

Fresher Fresher - Details of Post :

Engineer, Technical Assistant, Deputy Finance Officer
KELTRON ELECTRO CERAMICS LIMITED, a state PSU under Industries Dept, Government of Kerala is a subsidiary of Kerala State Electronics Development Corporation Ltd (KELTRON) is on the lookout for following personnel with specific experience in the relevant fields for appointment on contract basis as below:
Sl.No
Code NoPost Advertised Closing Date
1KECL/13/C/003/R, KECL/13/C/005/R

SEC judge bars Big Four China units for six months over audits

http://www.reuters.com/article/2014/01/23/us-sec-china-bigfour-idUSBREA0L28D20140123

Basic wage ceiling under the Employees Provident Fund Scheme to Rs 15,000

The Finance Ministry has approved a proposal for providing a minimum monthly pension of Rs 1,000 to workers in the organised sector, a move which would benefit 27 lakh pensioners immediately.

The ministry has also approved a proposal for raising the basic wage ceiling under the Employees Provident Fund Scheme to Rs 15,000 from existing Rs 6,500 per month.At present, there are about 44 lakh pensioners. Of this 27 lakh, including 5 lakh widows, get less than Rs 1,000 a month.

"The Finance Ministry has approved the proposal for providing a minimum monthly pension of Rs 1,000

Exposure Drafts (ED) on Amendments to Indian Accounting Standards

The Ministry of Corporate Affairs had placed Ind-AS which are converged with IFRSs on its website. Thereafter, certain new standards/amendments to the IAS/ IFRS have been issued by the IASB. With a view to keep pace with the new IFRS/ revisions in IAS/IFRS, the ICAI has issued exposure drafts of Ind-AS on the following topics for public comments:

ALERT MAILED BY ACES ADMIN THAT DUE TO SOME TECHNICAL ISSUE SERVICE TAX RETURN FOR 2011-12 IS STILL IN "SAVED" STATUS AND COULD NOT BE CONVERTED IN "FILED" MODE AND ALL SUCH RETURNS WILL BE DELETED BY 01-02-2014 AND THEN IT HAS TO BE UPLOADED AGAIN BY THE ASSESS. THE ALERT IS AS UNDER

ALERT MAILED BY ACES ADMIN THAT DUE TO SOME TECHNICAL ISSUE SERVICE TAX RETURN FOR 2011-12 IS STILL IN "SAVED" STATUS AND COULD NOT BE CONVERTED IN "FILED" MODE AND ALL SUCH RETURNS WILL BE DELETED BY 01-02-2014 AND THEN IT HAS TO BE UPLOADED AGAIN BY THE ASSESS. THE ALERT IS AS UNDER:

This is to inform you that the following ST3 returns are not filed in ACES and are only in SAVED status:
Sl No. Financial Year Return Period Return No. Original/Revised.
1 2011-2012 42011 AANXXXXXXXST001_5604120002_ST3_042011 Original

Date extension of UP VAT return

Relevant Circular No. 1314117 dt.21-01-2014 available at

http://comtax.up.nic.in/Circulars/2013-14/Circular_no_1314117.pdf

Beware Of Gold's Fall to $ 800

If the 10-year US Treasury yield rises to 5%, gold will fall to $471 an ounce.
And if that yield rises to just 4%, from its current 2.8%, gold will still plunge — to $831.

Those sobering forecasts come from an econometric formula based on the last decade’s relationship between gold and interest rates. Assuming this past is prologue, the only way for gold to make it back to its all-time high above $1,900 an ounce is for the 10-Year Treasury yield to fall to 1%.

To be sure, a comprehensive model of gold’s price needs to include more than just interest rates. But, according to Claude Erb, who conducted these statistical analyses, we should not be too quick to reject his

Expression of Interest (EOI) for Empanelment Chartered Accountant Firms For Head Office,Employees’ Provident Fund Organization (EPFO)

http://pdicai.org/docs/CharteredAcc_HeadOffice_2112014104927430.pdf

Expression of Interest for Due Diligence Audit of Alleppey Branch Building Project of the Institute of Chartered Accountants of India

Institute Of Chartered Accountants Of India - Alleppey Kerala

Last Date : 25/01/2014
Expression of Interest for Due Diligence Audit of Branch Building Project of the Institute of Chartered Accountants of India.

Address: The Institute of Chartered Accountants of India, ICAI Bhawan, A- 29, Sector – 62, Noida – 201309, (U.P.)
Phone:
Email: audit@icai.in

Expression of Interest for Due Diligence Audit of Nellore Branch Building Project of the Institute of Chartered Accountants of India.

Institute Of Chartered Accountants Of India - Nellore Andhra Pradesh

Last Date : 25/01/2014
Expression of Interest for Due Diligence Audit of Branch Building Project of the Institute of Chartered Accountants of India.

Notice inviting Expression of Interest for Due Diligence Audit of Ahmednagar Branch Building Project of the Institute of Chartered Accountants of India

Institute Of Chartered Accountants Of India - Ahmednagar

Last Date : 25/01/2014
Notice inviting Expression of Interest for Due Diligence Audit of Ahmednagar Branch Building Project of the Institute of Chartered Accountants of India

Address: The Institute of Chartered Accountants of India, ICAI Bhawan, A- 29, Sector – 62, Noida – 201309, (U.P.)
Phone:
Email: audit@icai.in

Expression of Interest for Due Diligence Audit of Madurai Branch Building Project of the Institute of Chartered Accountants of India.

Institute Of Chartered Accountants Of India - Madurai Tamil Nadu

Last Date : 25/01/2014
Expression of Interest for Due Diligence Audit of Madurai Branch Building Project of the Institute of Chartered Accountants of India.

Address: The Institute of Chartered Accountants of India, ICAI Bhawan, A- 29, Sector – 62, Noida – 201309, (U.P.)
Phone:
Email: audit@icai.in

Expression of Interest for Due Diligence Audit of Kakinada Branch Building Project of the Institute of Chartered Accountants of India.

Institute Of Chartered Accountants Of India - Kakinada Andhra Pradesh

Last Date : 25/01/2014
Expression of Interest for Due Diligence Audit of Branch Building Project of the Institute of Chartered Accountants of India.

Expression of Interest for Due Diligence Audit of Hubli Branch Building Project of the Institute of Chartered Accountants of India

Institute Of Chartered Accountants Of India - Hubli - Karnataka

Last Date : 25/01/2014
Expression of Interest for Due Diligence Audit of Branch Building Project of the Institute of Chartered Accountants of India

Address: The Institute of Chartered Accountants of India, ICAI Bhawan, A- 29, Sector – 62, Noida – 201309, (U.P.)
Phone:
Email: audit@icai.in

Expression of Interest for Due Diligence Audit of Durgapur Branch Building Project.

Institute Of Chartered Accountants Of India - Durgapur West Bengal

Last Date : 25/01/2014
Expression of Interest for Due Diligence Audit of Branch Building Project.

Expression of Interest for Due Diligence Audit of Bilaspur Branch Building Project of the Institute of Chartered Accountants of India.

Institute Of Chartered Accountants Of India - Bilaspur Chhattisgarh

Last Date : 25/01/2014
Expression of Interest for Due Diligence Audit of Bilaspur Branch Building Project of the Institute of Chartered Accountants of India.

Notice inviting Expression of Interest for Due Diligence Audit of Guwahati Branch Building Project of the Institute of Chartered Accountants of India

Institute Of Chartered Accountants Of India - Guwahati

Last Date : 25/01/2014
Notice inviting Expression of Interest for Due Diligence Audit of Guwahati Branch Building Project of the Institute of Chartered Accountants of India

Address: The Institute of Chartered Accountants of India, ICAI Bhawan, A- 29, Sector – 62, Noida – 201309, (U.P.)
Phone:
Email: audit@icai.in

Expression of Interest for Due Diligence Audit of Branch Building Project of the Institute of Chartered Accountants of India of Nasik Maharashtra

Institute Of Chartered Accountants Of India - Nasik Maharashtra

Last Date : 25/01/2014
Expression of Interest for Due Diligence Audit of Branch Building Project of the Institute of Chartered Accountants of India

Expression of Interest for Due Diligence Audit of Branch Building Project of the Institute of Chartered Accountants of India

Institute Of Chartered Accountants Of India - Bhilai Chhattisgarh

Vacancy for CA in Barclays

Job Description

Credit Analyst, Middle Office - 00137837

Primary Location

:IN-Noida

Job Type

:Permanent/Regular

Posting Range

:23 Jan 2014 - Ongoing

Description

Overall Job Purpose

A member of Middle Office responsible for supporting nominated RDs who are developing and maintaining relationships with a portfolio of Larger Business customers.
Analytical Specialist dealing with a range of financial information for a number of Industry portfolios.

Vacancy for CA/CS/CWA in MAP_IT, Govt of Madhya Pradesh

Candidate profile
Graduate in any discipline with CA/CS/CWA/MBA (Finance)/ equivalent PG Diploma with specialization in Finance

Minimum 4 years of varied experience with strong analytical skills & numeric sensitivity in program management of IT/e- Governance projects preferably project finance / procurement

Vacancy notification with online application can be had at :

Vacancy for Inter C.A. / Inter I.C.W.A in Govt. of West Bengal

Eligibility : Any Graduate, Any Post Graduate
Location : West Bengal-other
Job Category : 1 to 3 Yr Exp
Last Date : 05 Feb 2014

Job Type : Full Time
Hiring Process : Written-test

Govt. of West Bengal (Murshidabad) - Job Details

Notification No. 01/SSM/2014
Govt. of West Bengal (Murshidabad) invites application for the post of Pedagogy Co-coordinator/Finance & Accounts Officer/Cashier www.freshersworld.c

Job Code	HC/JC/1381-2014
Position	Manager - F & A, Gas & Liquid SBU
Location	Bangalore
Functional Area	Finance/Accounts/Taxation

Job Description

Team Member - Asset Management - IFS-140007081

Job Description

Roles & Responsibilities - include specific functions/ tasks/ performance objectives

Prepare any type of accounting for any state or handle any other request.

Resolve most complex issues

Assist others with resolution of issues

Quality Control accounts prior to being sent out

Review accountings prepared in the area for accuracy

Responsible for preparing financial statements for multiple entities.

Able to handle simple to moderately complex issues related to the accounting.

Job Number	1921070
Business	GE Global Growth & Operations
Business Segment	Global Growth & Operations - GE India
About Us	GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving

Ernst & Young, PwC, KPMG and Deloitte to hire 43,000 people in the next four years

http://economictimes.indiatimes.com/news/news-by-industry/jobs/ernst-young-pwc-kpmg-and-deloitte-to-hire-43000-people-in-the-next-four-years/articleshow/29221313.cms

Wednesday, January 22, 2014

Vacancy for Inter CA/ICWA in E&Y

Job Description

Analyst - IND002E7

Job purpose

The role encompasses Generation of monthly reports financial results for E&Y on a Global basis and performing financial statement review. You will have to ensure the quality of information submitted by individual countries by comparing actual financial results to Plan and Prior Year data

Reserve Bank to withdraw all pre-2005 currency notes from circulation -

http://timesofindia.indiatimes.com/business/india-business/Reserve-Bank-to-withdraw-all-pre-2005-currency-notes-from-circulation/articleshow/29211911.cms

MVAT Audit 31.03.2013 :uploading Annual Revised Returns U/s 20(4)(b)

Instructions

Please download the latest version (Ver 1.8.0) template from Mahavat website.

Dealer can upload the Revised return u/s 20(4)(b) & (c) with Annual periodicity only.

Dealer can upload the Original, Fresh and Revised return u/s 20(4)(a) as per the periodicity of that

FY. i.e. Monthly/ Quarterly/Six Monthly .

Annual Revised return u/s 20(4)(b) will be uploaded only after uploading the Vat Audit report

e-704.

For Annual Revised Return u/s 20(4)(b), GTO of sales in return should be greater than or equal to

TDS PROVISIONS & COMPLIANCES

[A] Mandatory Filing of TDS Statements

Every person responsible for deduction of tax under Chapter XVII-B shall, in accordance with the provisions of Section 200(3), submit the following Quarterly Statements to the Director General of Income Tax (Systems) or the person authorized by the Director General of Income Tax (Systems), namely-

AN AUDITOR CAN BE REMOVED WITHOUT APPROVAL FROM CENTRAL GOVT UNDER NEW COMPANY LAW

AN AUDITOR CAN BE REMOVED WITHOUT APPROVAL FROM CENTRAL GOVT UNDER NEW COMPANY LAW : BY CA NITESH MORE

It is generally said by every expert that an auditor will be removed under new company Law only after obtaining previous approval of central Govt. Sec 140(1) confirms this. However, I think that an auditor can be removed under new company Law without obtaining previous approval of central Govt also .

A) The auditor can be removed under sec 140(1) with previous approval of CG

B) The auditor can also be removed under sec 139(9) without approval of CG

A) Removal by Special Resolution and previous approval of the Central Government: [Sec 140(1)]

v The auditor appointed under section 139 may be removed from his office before the expiry of his term

Appointment of Chartered Accountants Firm For Finalization Of Project Cost Of Unit No 1 AND 2 2X600 MW Of SSTPP Project

Madhya Pradesh Power Generation Company Limited

Last Date : 23/01/2014
Appointment of Chartered Accountants Firm For Finalization Of Project Cost Of Unit No 1 AND 2 2X600 MW Of SSTPP Project

Address: Madhya Pradesh Power Generation Company Limited,BLOCK NO. 9, SHAKTI BHAWAN: JABALPUR
Phone:
Email:

Work Of Form For Internal Auditor Of RSBCL Depot.

Rajasthan State Beverages Corporation Limited

Last Date : 23/01/2014
Work Of Form For Internal Auditor Of RSBCL Depot.

Address: Rajasthan State Beverages Corporation Limited,Vitta Bhawan,D-Block,1st Floor,Janpath,Jaipur.
Phone:
Email:

Vacancy for CA in Credit Cruisse

Job ID:: 031217
Location:: Pune
Schedule:: Full-time
Business Area:: Shared Services

Junior Accountant

We Offer...

Key responsibilities - IC Cash Settlement process

Analyse Intercompany receivables and payables on a monthly or higher frequency
Generate invoices towards receivables from multiple entities globally in line with local requirements

Employment Notice For

Computer Engineer, Research Assistant, Machine Mechanic, Senior Assistant Accounts, Steno-Grade-III, Junior Engineer

City / State

Bhubaneswar , Orissa

Sr Assistant Accounts

National Institute of Fashion Technology (NIFT)

Address: National Institute of Fashion Technology, NIFT Campus, Plot No. 24, Opposite KIIT School of Management

Postal Code: 751024

City Bhubaneswar

State Odisha

Educational Requirements: i) Commerce graduates with CA(Inter), ICWA (Inter/Final) / CS (Inter/Final) or ii) Post-graduate in Commerce/ Economics / Statistics / Mathematics from a recognised University / Institute of repute. Diploma / Certificate in Computer Applications Operation with latest software MS Office (Word /

Damodaram Sanjivayya National Law University (DSNLU)

Address: Damodaram Sanjivayya National Law University, Plot No. 116, Sector – XI, MVP Colony

Postal Code: 530017

City Visakhapatnam

State Andhra Pradesh

Pay Scale: Rs. 18030-43600

Vacancy for CA/ICWA in Deloitte

Hyperion Financial Management ‑ Functional Consultant

Designation - Senior Consultant / Manager M1

Education ‑ CA / ICWA / MBA (Finance )

Experience Required ‑ 4 ‑ 8 years (min. 3 implementations)

Mandatory Skills

Hyperion Financial Management

Financial Data Quality Management ( FDM )

Financial Reporting (FR )

Indian Gap Consolidation is must (IGAAP reporting )

Sony Vaio Flip series launched in India at Rs.94990

http://newsyoucanusebeta.blogspot.in/2014/01/sony-vaio-flip-series-launched-in-india.html

Compilation & Finalization Of Annual Accounts, Preparation Of Balance Sheet, Receipt And Payment Account And Income & Expenditure Account And Any Other Accounts Associated Services

Motilal Nehru National Institute Of Technology

Last Date : 22/01/2014
Compilation & Finalization Of Annual Accounts, Preparation Of Balance Sheet, Receipt And Payment Account And Income & Expenditure Account And Any Other Accounts Associated Services

Address: Motilal Nehru National Institute Of Technology,Allahabad - Uttar Pradesh
Phone:
Email:

Notice inviting Expression of Interest for Due Diligence Audit of Branch Building Projects of the Institute of Chartered Accounts of India. - (21-01-2014)

Exposure Draft of the Novation of Derivatives and Continuation of Hedge Accounting (Amendments to Ind AS 39) (Comments to be received by February 21, 2014).-(21-01-2014)

IT : Where equipment purchased for starting FM radio broadcasting services could not put to use till end of relevant financial year as licence could not be obtained from Ministry, depreciation thereon could not be allowed

IT : Where equipment purchased for starting FM radio broadcasting services could not put to use till end of relevant financial year as licence could not be obtained from Ministry, depreciation thereon could not be allowed

Service recipient is required to reimburse Service Tax paid by the Service provider

We are sharing with you an important judgement of the Hon’ble Allahabad High Court in the case of Bhagwati Security Services (Regd.) Versus Union of India [2013 (11) TMI 649] on the following issue:

Issue:

Whether the service provider can get the reimbursement of service tax already paid by him, from the service

ST - Appellant, an IITian rendered consultancy services in respect of metal development and received professional fees - such service cannot be termed as Market Research Agency Service: CESTAT

MUMBAI : A SCN was issued to the appellant demanding Service Tax of Rs.45,000/- on the ground that the appellant is engaged in conducting marketing research in relation to steel products, hence are covered under Market Research Agency service.

As the lower authorities confirmed the demand and imposed penalties, the appellant is before the CESTAT.

The President of India gives assent to the creation of Directorate of Income Tax (Risk Assessment)

CREATION OF DIRECTORATE OF INCOME-TAX (ASSESSMENT) AT NEW DELHI

NOTIFICATION NO.GSR 22(E) [F.NO.HRD/CM/196/1/2013-14/26/2014-AD.VII], DATED 16-1-2014

The President of India is pleased to give his assent to the creation of Directorate of Income Tax (Risk Assessment), Central Board of Direct Taxes, Department of Revenue, Ministry of Finance, with immediate effect.

2. The Directorate of Income Tax (Risk Assessment) will be headed by a Director General of Income Tax

Vacancy for CA in JP Morgan Chase

Assistant Vice President - CIB Projects, CIB Finance, Global Finance, Mumbai-140005913

Job Description

Outline of Role:

Purpose:

· CIB Finance participate in and manage a broad portfolio of projects, ranging from multi-year programs to replace strategic product systems, rolling out new products, building out new branches, to ongoing finance process improvement.

· Responsible to deliver Business Expansion & Product System Integration Projects (Liquidity Solutions, Core Cash Product, New Legal Entity Projects etc.) in APAC/EMEA Region. Projects consists of APAC/EMEA Region specific as well

Job Description

Assoc Corp Rel Support Mgr : 00003SDW

Description

Prepare quality, creditworthy new business and review proposals within agreed deadlines for submission to the appropriate approval authorities.

· Assist HSBC to attain its strategic growth targets while at the same time maintaining a high quality loan book; and,

Vacancy for Inter CA/ICWA in NTPC

Post: Accountant
Age: Below 30 years as on 10-02-2014.
Pay Scale: Rs. 15500 - 3%- 34500
Qualification: Qualified Inter CA/ ICWA.
Experience: 1 year post qualification experience in relevant areas.

Job Profile:

Vacancy for CA/ICWA in DMRC

ADVT No. DMRC/PERS/22/HR/2013 (59), Dated: 07/11/13
Ref: This office advt No. DMRC/PERS/22/HR/2013 (58) dated 25/09/13.
Requirement Of Junior Engineer (CIVIL) For Phase-III Projects Of DMRC On Contract Basis For A Period Of Four Years.
Post Details:

GM (Civil)
DGM/Civil
DGM(Electrical)
Manager (Finance)
Account Assistant

This is with reference to this office aforesaid advertisement dated 25.09.13 calling applications for 10

Infotech Enterprises Limited vs. ACIT (ITAT Hyderabad)

No s. 40(a)(i) TDS disallowance for amounts made taxable due to retrospective amendment. Also, concept of “business connection” u/s 9(1)(i) & “fees for technical services” u/s 9(1)(vii) explained

The assessee entered into an agreement with its associated enterprises (AEs) outside India pursuant to which it sub-contracted some of the work that it had obtained from its customers. The assessee incurred an expenditure of Rs.19 crore towards “technical consultancy charges” paid to the said AEs. The AO & DRP held that the assessee was “habitually securing orders” for the AEs from India and that there was a ‘business connection’ between the assessee and the AEs under Explanation 2 to s. 9(1)(i). Alternatively, it was held that the amount was assessable as “fees for technical services” u/s 9(1)(vii). As the assessee had not deducted TDS u/s 195, the expenditure was

Fibars Infratech Pvt. Ltd vs. ITO (ITAT Hyderabad)

S. 2(47)(v): A development agreement by which possession is transferred to developer is not a “transfer” for capital gains purposes if developer’s willingness to perform his part of the contract is not ascertainable with certainty

The assessee entered into a Development Agreement-cum-GPA with MAK Projects on 15.12.2006 (AY 2007-08). The agreement provided the MAK would construct a villa township in 30 months and that the assessee was entitled was entitled to a certain portion (16 villas) of the developed area as consideration for the transfer of the land. Though possession of the property was handed over to the developer, the assessee claimed that the

Aviation firm CFO arrested for Rs 1 cr service tax evasion

http://www.business-standard.com/article/economy-policy/aviation-firm-cfo-arrested-for-rs-1-cr-service-tax-evasion-114012000505_1.html

Tax-Estimation Tool Updated by AICPA

Accountingweb.com reported on January 13 that an online calculator from the AICPA that provides taxpayers with a clearer picture of the types of taxes they have to pay and their estimated amounts has been updated through 2013. Staff writer Jason Bramwell wrote that the AICPA Total Tax Insights calculator helps taxpayers gauge the impact of more than twenty different federal, state, and local

Private-company GAAP alternatives could unlock savings

The first two GAAP alternatives created by the Private Company Council (PCC) were released by FASB on Thursday, giving private companies new options for possible cost savings in their financial reporting.
FASB released Accounting Standards Updates describing the alternatives. They are:

An exemption for private companies from the requirement to perform impairment testing for goodwill subsequent to a business combination.
A simplified hedge accounting approach for certain interest-rate swaps that private companies other than financial institutions enter to convert variable-rate debt to fixed-rate debt. Private companies whose only derivatives are

Statutory Audit of Corporation Record for year 2010-11 to 2012-13

Bihar State Schedule Case Cooperation Development Corporation Limited

Last Date : 21/01/2014
Statutory Audit of Corporation Record for year 2010-11 to 2012-13

Address: Malanil Bhawan, Budha Colony, Patna-800001
Phone:
Email:

Proposal is invited from chartered accountant firms for appointment of auditor for internal audit of SHGs promoted through MPoWeR project-rajasthan from 2010 to december 2013

Rural Development And Panchayati Raj Department

Last Date : 21/01/2014
Proposal is invited from chartered accountant firms for appointment of auditor for internal audit of SHGs promoted through MPoWeR project-rajasthan from 2010 to december 2013

Expression of Interest from reputed Firms of Chartered Accountants established in Himachal Pradesh for Audit of Accounts for the financial year ending on 31-03-2014

Department Of Excise And Taxation

Last Date : 21/01/2014
Expression of Interest from reputed Firms of Chartered Accountants established in Himachal Pradesh for Audit of Accounts for the financial year ending on 31-03-2014

Address: Himachal Pradesh,Block NO.30 SDA Complex Kasumpti Shimla-171009
Phone: 01772621635
Email:

Company Secretary Requirement in IRCTC

Post Details:
Company Secretary (AGM/ JGM/ DGM scale of pay)
Pay Scale:
Rs. 36600- 62000 (E6) / Rs. 32900-58000 (E5)/ Rs.29100-54500 (E4) depending on the experience & suitability of the candidate
Qualification
Essential :- Associate Company Secretaryship/ Fellow Company Secretaryship. Degree in Law.
Desirable :-CA/ICWA/ MBA will be an added advantage

Apple takes on Android tabs in India, offers iPad mini for Rs 4,999 down

http://newsyoucanusebeta.blogspot.in/2014/01/apple-takes-on-android-tabs-in-india.html

Friday, January 17, 2014

Director of Finance InterContinental Hotels Group vacancy

Director of Finance (

Job Number:

JAI000019)

Description

KEY RESPONSIBILITIES

Job Summary – (Role Summary)

· Responsible for the supervision of all members of the Accounting Department; Providing functional guidance to Executive Committee and Department Heads; Interacting with hotel’s legal counsel, insurance companies, tax consultants, auditors, commercial and government banks to effectively control the assets

'Rote learning, less grace marks led to CA result disaster

MUMBAI: Rote learning by students and the Institute of Chartered Accountants in India's decision to have a "stringent grace marks" policy could be the reason behind the shocking dip in the final chartered accountancy (CA) results announced on Wednesday. Only 3.11% of the 32,536 candidates cleared it, the lowest pass rate in recent years.

Several students found the question papers on the tougher side. Even topper Gaurav Shrawagi claimed the accounts paper was tricky. "One had to read the questions carefully before attempting them," he said. Delhi's

INCOME-TAX (FIRST AMENDMENT) RULES, 2014 – AMENDMENT IN RULE 44CA

In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:-

1. (1) These rules may be called the Income-tax (1st Amendment) Rules, 2014.

(2) They shall come into force on the date of their publication in the Official Gazette.

2. In the Income-tax Rules, 1962, in rule 44CA, -

(a)

in sub- rule (1), for the bracket and words "(other than the Annexure and the statements", the bracket

No TDS on Service Tax Component - CBDT Circular

The CBDT has issued Circular No. 1/2014 dated 13.01.2014 pointing out that the Rajasthan High Court has taken the view in CIT(TDS) vs. Rajashthan Urban Infrastructure -

"that if as per the terms of the agreement between the payer and the payee, the amount of service-tax is to be paid separately and was not included in the fees for professional services or technical services, no TDS is required to be made

Appointment of Internal Auditor for KCMMF (milma) Head Office and its units

Kerala Co-operative Milk Marketing Federation Ltd.

Last Date : 20/01/2014
Appointment of Internal Auditor for KCMMF (milma) Head Office and its units

Address: Kerala Co-operative Milk Marketing Federation Ltd.Milma Bhavan, Pattom Palace P.O., Thiruvananthapuram - 695004
Phone: 2555981
Email: milma@md2.vsnl.net.in

Empanelment of partnership chartered/ cost accountant firms for internal audit of coal sale

Mahanadi Coalfields Limited

Last Date : 20/01/2014
Empanelment of partnership chartered/ cost accountant firms for internal audit of coal sale, physical verification of fixed assets and perpetual inventory audit including charge off stores of mahanadi coalfields ltd. for 2014-15

Announcement - Setting up of CICASA Branch at SIKAR. - (17-01-2014)

Vacancy for CA in Rajkot Nagarik Sahakari Bank Ltd.

Employment Notice For

Jr.Executive, Manager

City / State

Rajkot , Gujarat

Advertisement No

Last Date

18,20,23-01-2014

Vacancy for CA/ICWA in Uttarakhand Jal Vidyut Nigam Ltd.

Accounts Officer

Uttarakhand Jal Vidyut Nigam Ltd.

Address: UJVN Limited, Corporate Office “UJJWAL”, Maharani Bagh, GMS Road

Postal Code: 248006

City Dehradun

State Uttarakhand

Pay Scale: Rs. 15600-39100 & Grade Pay Rs. 5400.00

Educational Requirements: Chartered Accountant (CA)/ ICWA/MBA with specialization in

CA Final Results of Last 22 Term : May 2003 – Nov 2013 : An Interesting Analysis

CA Final Results of NOV 2013 term declares today (15^th January 2014) morning. First of all many many congratulations to NEWLY Qualified CA's.

In recent times, Hiring of Newly CA's had hits an all time low and as per the information available in various sources, number of CAs passed in last 2-3 terms had not get good placements. This sentiment is clearly reflecting in Latest FINAL Results and the numbers are really really surprising.

Lets Check the Analysis:

1. Passing percentage of students appearing in Both Group is 3.11%. [Lowest among last 22 terms / 11 Years][As per available data]. Only 1013 students has successfully passed both groups which is lowest among last 7 terms and also 4th lowest in last 22 terms / 11 years.

2. Passing percentage of students only appearing in First Group is 5.67%. [Lowest among last 22 terms / 11 Years][As per available data]. Only 2932 students [Out of 51278 students] has passed First group, the numbers are 2nd lowest in last 22 terms / 11 years.

3. Passing percentage of students only appearing in Second Group is 7.35%. [Lowest among last 22 terms / 11 Years][As per available data]. Only 4026 students [Out of 54786 students] has passed Second group.

4. Total 1.39 Lakh students [Highest in CA Final Exams Ever] appeared in Final Exams this term. [Only First Group + Only Second Group + Both Group]. Out of the same only 7971 students had passed [2nd Lowest among last 21 terms / 11 Years][As per available data]

CA results: Five from Ahmedabad in India's top 50 -

http://timesofindia.indiatimes.com/home/education/entrance-exams/CA-results-Five-from-Ahmedabad-in-Indias-top-50/articleshow/28854580.cms

CA final exam: Aditi Mishra tops in the Indore

http://www.dnaindia.com/india/report-ca-final-exam-aditi-mishra-tops-in-the-indore-1951949

CA exam: Only 2 from Jaipur in top 50

http://timesofindia.indiatimes.com/city/jaipur/CA-exam-Only-2-from-Jaipur-in-top-50/articleshow/28861441.cms

ICAI Programme for female CAs

http://220.227.161.86/30982bos-fwrp-24-25-main-female.pdf

Subrato Ray Sahara Gets 1800 Cr Breather from ITAT In Bogus Deposits

DCIT vs. Sahara India Financial Corpn. Ltd (ITAT Delhi)

S. 68 cash credits: A bank, NBFC etc is not required to give conclusive proof of the identity, credit worthiness etc of the depositor. Practical view has to be taken of deficiencies in KYC norms, absence of PAN card etc

The assessee, a RNBFC, received a large volume of deposits of small and medium value through a wide network of rural agents. The AO appointed a special auditor to verify the new deposits collected during the year in terms of s. 68. The auditor alleged that the assessee had not cooperated during the audit procedure and not provided copies of the accounting software etc. It was also alleged that there were inconsistencies in the deposit registers such as the same name with same address was appearing repeatedly, the PAN of the

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Accounts Officer

Uttarakhand Jal Vidyut Nigam Ltd.

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