CA NeWs Beta*: March 2014

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Sunday, March 30, 2014

Vacancy for CA in HSBC

Job Description GTRF CM Manager : 000046IX Description Job Description (Internal): The incumbent would be responsible for managing the various foreign currency funding lines required by INM GTRF to meet the trade finance requirements of GBM and CMB clients. This would involve negotia...read more

EPFO makes e-return mandatory for private PF trusts

http://www.thehindubusinessline.com/economy/epfo-makes-ereturn-mandatory-for-private-pf-trusts/article5851099.ece

Bank Branch Audit--the Brass-tacks

I am writing this not to educate members, especially the rookie ones, about bank audit, but to clear things up in my own head. Writing down your thoughts helps you straighten out your thinking, clear up the cobwebs and make the concepts that were hitherto only clear to you crystal clear.

Godspeed to those who’ve been allotted bank audits. Commiserations to those who haven’t

7 Super Foods to Improve Cholesterol

The best meal for anyone worried about their cholesterol is a meal low in saturated fat and abundant in fruits and vegetables. And although there are no magic bullets beyond that healthy prescription, certain foods have been shown to give cholesterol levels an extra nudge in the right direction.
Weave some of these whole foods, all pinpointed by research as cholesterol-friendly, into your daily

Parsi Style Omelette recipe



Parsi Style Omelette
By Sify Bawarchi


Total Time: 30 mins
Makes: 2
Difficulty: Easy

Ingredients
  • 2 eggs

Michael Schumacher's wife building a 10-million-pound medical suite for his care

London: Ailing seven-time Formula One champion Michael Schumacher's wife is reportedly building a 10-million-pound medical suite at their home by Lake Geneva in Switzerland so that he can undergo treatment at home.
Corinna Schumacher is using the family's 500-million-pound fortune to build a suite equipped with

Lakshadweep to open three uninhabited islands for touris


Lakshadweep has now decided to open three uninhabited islands exclusively for tourists after building beach resorts and water sports facilities.

"Thinnakkara, Suheli Par and Cherium are the three new islands in Lakshadweep where we are now planning to build tourism infrastructure at a total cost of Rs 60 crore," Lakshadweep tourism

Retain our audit, regulatory roles: ICAI to Ministry

The Institute of Chartered Accountants of India, the regulator of corporate accounting and audits, is hoping the Union Ministry of Corporate Affairs will acknowledge its current role and accept its recommendations regarding avoidance of certain domain-overlapping functions with those of the proposed National Financial Reporting Authority.
The Union Ministry of Corporate Affairs is yet to notify the relevant provisions and rules related to NFRA under the Companies Act, 2013.
The Ministry has proposed that the National Advisory Committee on Accounting and Auditing

Announcement reg. abstaining from sharing of Firm details intended for comparison of Firms. - (30-03-2014)

CPT Result 2014 | CA CPT Results Dec/June 2014

CPT is popularly known as Common Proficiency Test and it is a centralized eligibility test which is conducted by the Institute of Chartered Accountants of India. The test is taken after 10+2 for admission into Chartered Accountant course. There are four areas which the test covers that are Fundamentals of accountants, mercantile law, General economics, and quantitative aptitude. The test

Empanelment of Firms of Chartered accountants/cost accountants - appointment of internal auditors for central mine planning & design institute limited.

Central Mine Planning And Design Institute Limited
Last Date : 01/04/2014
Empanelment of Firms of Chartered accountants/cost accountants - appointment of internal auditors for central mine planning & design institute limited.

Appointment of Chartered accountant firms for auditing of non public funds at air force station for the period of three years.


Air Force Station - Jodhpur Rajasthan
Last Date : 31/03/2014
Appointment of Chartered accountant firms for auditing of non public funds at air force station for

14-year-old Indian boy tells US how to save $400 mn by changing font

New York: A 14-year-old Indian-origin boy has come up with an unique plan that could help the US save nearly USD 400 million a year by merely changing the font used on official documents.
Suvir Mirchandani, a student in a Pittsburgh-area middle school, claimed that if the federal government used the Garamond font exclusively it could save about USD 136 million per year,

Friday, March 28, 2014

Ailing CA Profession needs to be admitted in a super speciality Hospital and a proper series of tests are required to diagnose the ailment and its treatment.

Ailing  CA Profession needs to be admitted in a super speciality Hospital  and a proper series of tests are required to diagnose the ailment and its treatment.

As you might be knowing only  3.1% of the students  passed the CA. final exam of Nov. 2013.The count is approximately thousand odd only. This is said that the result is poor and the marks are manipulated to reduce the supply of Chartered Accountants  in the market. Isn't it shocking that the

Private placement of NCDs for HFCs and the new Companies Act

Will the NHB's directions on private placement of NCDs by HFCs be effective with the near enforcement of Companies Act, 2013?

In what seems to be a clear after thought, Housing finance industry regulator, National Housing Bank (NHB) on 19 March 2014 came up with directions for the issue of non-convertible debentures (NCDs) by housing finance companies (HFCs). With the directions

Dhoni pays Rs 20 cr income tax in 2013-14

Cricket Team India captain Mahendra Singh Dhoni has paid Rs 20 crore income tax in 2013-14 to retain his pole position as the highest individual tax payer in the Bihar and Jharkhand region, a senior Income Tax official said on Friday.
Dhoni has paid an income tax worth Rs 20 crore in 2013-14 to emerge as the highest tax payer in

Vacancy for CA in GMR

Job Code HC/JC/1587-2014 Position Manager - Finance & Accounts Location Hyderabad Functional Area Finance/Accounts/Taxation Education C.A Experience 8.00 to 10.00 years Business Unit GHIAL Job Description Title of the Position Manager-F&A (Strategic Finance, reg...read more

MCA updates on companies act

CPE HOURS REQUIREMENTS FOR THE BLOCK PERIOD OF 3 YEARS (1-1-2014 TO 31-12-2016) TO BE COMPLIED WITH BY DIFFERENT CATEGORIES OF MEMBERS

CPE HOURS REQUIREMENTS FOR THE BLOCK PERIOD OF 3 YEARS (1-1-2014 TO 31-12-2016)  TO BE COMPLIED WITH BY DIFFERENT CATEGORIES OF MEMBERS
A. All the members (aged less than 60 years) who are holding Certificate of Practice (except all those members who are residing abroad) are required to:    
a)        Complete at least 90 CPE credit hours in a rolling period of three-years.
b)      Complete minimum 20 CPE credit hours of structured learning in each calendar year.
C)      Out of the 90 CPE Credit Hours as mentioned  above,  30  CPE credit hours  can be completed  either through Structured or Unstructured learning (as per  Member’s choice).

B. All the members (aged less than 60 years) who are not holding Certificate of Practice  and all the members who are residing abroad (whether holding Certificate of Practice or not) are required to: 
(a)      Complete at least 45 CPE credit hours  either structured or unstructured learning (as per Member,s choice) in  rolling period of three-years  

New Version of WIRC website

New template of WIRC website launched in members meet on 24/3/2014 by the auspicious hands of ICAI President and Vice President. 


Genuine sale advances weren't unexplained cash credits merely if cash balance wasn't found on respective dates

March 28, 2014[2014] 42 taxmann.com 506 (Kerala)
IT : Where Assessing Officer made a lump sum addition in income of assessee on ground that it had accounted sale advances on various dates, but it did not have sufficient cash and Commissioner (Appeals) admitting additional evidence allowed appeal of assessee

CBDT notifies revised guidelines for approval of agricultural extension project under sec. 35CCC


INCOME-TAX (THIRD AMENDMENT) RULES, 2014 - AMENDMENT IN RULE 6AAE AND SUBSTITUTION OF RULE 6AAD
NOTIFICATION NO.18/2014 [F.NO.133/3/2014-TPL]/SO 878(E), DATED 21-3-2014
In exercise of the powers conferred by section 295 read with section 35CCC 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 (3rd Amendment) Rules, 2014.
(2) They shall come into force on the date of their publication in the Official Gazette.

Hiring Services of Chartered Accountant Firm For Concurrent Audit of Districts Health Society (DHS) for the F.Y. 2014-15.

National Health Mission, Uttar Pradesh
Last Date : 29/03/2014
Hiring Services of Chartered Accountant Firm For Concurrent Audit of Districts Health Society (DHS) for the F.Y. 2014-15.

Banks and RBI to facilitate Tax Payments on March 29, 30 and 31, 2014. - (28-03-2014)

Thursday, March 27, 2014

Vacancy for CA/ICWA in Gail India Ltd

Employment Notice For - Dy. Manager City / State - New Delhi , Delhi Advertisement No - Last Date - 15-04-2014 Share on facebook Share on twitter Share on email Share on print More Sharing Services 0 Sr. No. Name Of Post No. Of Vacanc...read more

UAE Exchange COO CA Shetty Conferred NRI of the Year Award

UAE Exchange COO  CA  Shetty Conferred NRI of the Year Award

SS-5 for Minutes effective 1st April, 2014

Sec 118(10) of the Companies Act, 2013 provides that "every company shall observe Secretarial Standards with respect to general and board meetings specified by the Institute of Company Secretaries of India..."

Sec 118 is notified and shall be in force from 1st April, 2014

India Roadmap for IFRS

The Council of the ICAI, at its last meeting, held on March 20-22, 2014, has finalised the roadmap. The revised roadmap recommends Ind AS to be implemented for the preparation of
·         Consolidated Financial Statements of listed companies and unlisted companies having net worth in excess of Rupees 500 crore from the accounting year beginning on or after 1st April, 2016, with previous year comparatives in Ind AS for the year 2015-16. (The stand-alone financial statements will continue to be prepared as per the existing

Companies Act, 2013 - What's notified, What's Not!

ICAI takes part in election expenditure monitoring system

For the first time in its long and illutrous history, the Institute of Chartered Accountants of India(ICAI)has been asked by the Election Commission to conduct the'election expenditure monitoring' of all political parties and candidates before,during and after the next general elections.
Announciong this ICAI President K Raghu and his Deputy Manoj Fadnis here today said accordingly they had convened separate meetings and workshops with all recognised politial parties and their

Income Tax Department Invited Application from qualified Chartered Accountants (within the meaning of the Chartered Accountants act, 1949) for Empanelment as Special Auditors for the Financial Year 2014-15 & 2015-16 to carry out audit in accordance with the provision of sec. 142 (2A) of IT ACT 1961.

Income Tax Department - Lucknow Uttar Pradesh
Last Date : 28/03/2014
Income Tax Department Invited Application from qualified Chartered Accountants (within the meaning of the Chartered Accountants act, 1949) for Empanelment as Special Auditors for the Financial Year 2014-15 & 2015-16 to carry out audit in accordance with the provision of sec. 142 (2A) of IT ACT 1961.

Address: The Chief Commissioner of Income Tax, Aayakar Bhawan, 5-Ashok Marg, Lucknow-226001
Phone: 0522-2233208
Email:

Wednesday, March 26, 2014

No service tax is payable on availing the services of overseas agent for Marketing of `Agricultural Produce'.

No service tax is payable on availing the services of overseas agent for Marketing of `Agricultural 
Produce'.  Negative list exempts:

(vii) services by any Agricultural Produce Marketing Committee or Board or services
provided by a commission agent for sale or purchase of agricultural produce.


Above requires satisfaction   of  two conditions:   

a)  Agricultural Produce covers   Dry Fruits, spices  etc. 

Any produce of agriculture on which either no processing is done or such processing is done as is usually done by a cultivator or producer which does not alter its essential characteristics but makes it marketable for primary
market. It also includes specified processes in the definition like tending, pruning, grading, sorting

Income Tax Department Invited Application from qualified Chartered Accountants (within the meaning of the Chartered Accountants act, 1949) for Empanelment as Special Auditors for the Financial Year 2014-15 & 2015-16 to carry out audit in accordance with the provision of sec. 142 (2A) of IT ACT 1961.


Income Tax Department - Lucknow Uttar Pradesh
Last Date : 28/03/2014
Income Tax Department Invited Application from qualified Chartered Accountants (within the meaning of the Chartered Accountants act, 1949) for Empanelment as Special Auditors for the Financial Year 2014-15 & 2015-16 to carry out audit in accordance with the provision of sec. 142

Special Examinations under MRAs / MOUs - (26-03-2014)

Vacancy for CA in Deloitte

JD for Oracle Finance Functional  Consultant
Work hands-on with Oracle EBS Financial modules (GL, AP, AR, FA, & Cash Management) as functional consultant.
·         Has worked in at least 1 to 2 full life cycle implementation with at least 3 of the above modules
·         Have strong knowledge and hands on experience in India Localization

Tuesday, March 25, 2014

French Martini recipe



French Martini
By Microsoft


Difficulty: Moderate
Glass Type: Cocktail
Flavour Profile: Sweet, Fruity

Virat Kohli can be better than Sachin Tendulkar, says Kapil Dev



Virat Kohli can be better than Sachin Tendulkar, says Kapil Dev

PTI - PTI - Tue Mar 25 10:00:00 UTC 2014

Former captain Kapil Dev on Tuesday said that Indian batting's mainstay Virat Kohli will rewrite mor...

If you have Windows 8, open this in Sport. Otherwise, open in the browser.



Chinese tourists, angry over missing plane, shun Malaysia



Chinese tourists, angry over missing plane, shun Malaysia

Reuters | Reuters - Tue Mar 25 11:45:00 UTC 2014

BEIJING: The controversy surrounding missing Malaysia Airlines Flight MH370 has prompted many Chines...

If you have Windows 8, open this in Travel.


Third of ICAEW accountants looking to move jobs

One in five of those surveyed as part of the annual salary survey by ICAEW and recruitment firm Stott and May, say they are actively looking for a new job, while one in three say they are likely to begin looking within the next year.

The findings, released today, also showed that chartered accountants under 30 and those employed by larger companies are more likely to be considering a move.

These figures demonstrate an increase in confidence in career prospects in the profession, said

Consultant required for Ministry of New and Renewable Energy (MNRE)

Ministry of New and Renewable Energy (MNRE) hiring Degree, M.Sc. / M. Tech. / PG Diploma holders for Consultant role Company name : Ministry of New and Renewable Energy (MNRE) Posts : Consultant Qualification : Degree, M.Sc. / M. Tech. / PG Diploma Salary : Rs. 50,000-75000/- p.m ...read more

Sum received from NRE a/c of brother held as unexplained as recipient couldn't explain source of deposits

[2014] 42 taxmann.com 471 (Gujarat)
IT: Where assessee received certain amount from NRE account of his brother but he could not give any further details of either source or creditworthiness thereof, authorities below were justified in bringing said

For sec. 54EC exemption six months means ‘Six British calendar months’; ITAT Special Bench’s interpretation

March 25, 2014[2014] 43 taxmann.com 333 (Ahmedabad - Trib.) (SB)
IT : Time limit of 'six months' in sec 54EC means 'six British Calendar months' in view of the General Clauses Act, 1897
• In the absence of any definition of the word 'month' in the Act, the definition of the General Clauses Act,1897 will be applicable. Legislature in its wisdom has chosen to use

Auditor certificates: SEBI asks listed cos to follow standard format

http://www.thehindubusinessline.com/markets/auditor-certificates-sebi-asks-listed-cos-to-follow-standard-format/article5830943.ece

Meaning of term ‘Training Institute’ for purpose of Skill Development Project under Sec. 35CCD redefined INCOME-TAX (SECOND AMENDMENT) RULES, 2014 - AMENDMENT IN RULE 6AAH NOTIFICATION NO. 16/2014 [F.NO.142/1/2014-TPL]/SO 835(E), DATED 20-3-2014

INCOME-TAX (SECOND AMENDMENT) RULES, 2014 - AMENDMENT IN RULE 6AAH
NOTIFICATION NO. 16/2014 [F.NO.142/1/2014-TPL]/SO 835(E), DATED 20-3-2014
In exercise of the powers conferred by section 295 read with Section 35CCD 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 (2nd 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 6AAH,—
(A)  for the clause (ii), the following clause shall be substituted, namely:—

ICAI suggests revised IFRS roadmap, to start from April 2016

http://www.livemint.com/Companies/HYZp8pMbzawV36F58O0r9I/ICAI-suggests-revised-IFRS-roadmap-to-start-from-April-2016.html

Digital Signature compulsory for all w.e.f AY 2015-16

In order to weed out the hassle of sending by post a hard copy of e-filed return, the Income Tax department has decided to bring in the facility of electronic signatures for taxpayers to endorse their bonafides.
The Central Board of Direct Taxes (CBDT), the apex office to formulate policies for the Income Tax department, has decided to implement the new mechanism by the end of the next financial year in

Appointment of Internal auditor for financial year 2014-15 & 2015-16.Heavy Engineering Corporation Limited


Heavy Engineering Corporation Limited
Last Date : 27/03/2014
Appointment of Internal auditor for financial year 2014-15 & 2015-16.

Address: Heavy Engineering Corporation Limited,Plant Plaza Road,Ranchi-834004 (Jharkhand)
Phone: 0651-2401422
Email:

Vacancy for CA/ICWA in Centre for Development of Advanced Computing (CDAC)

Centre for Development of Advanced Computing (CDAC) – Project Officer-I Posted on March 19, 2014 Centre for Development of Advanced Computing (CDAC) hiring MBA, LLB holders for Project Officer-I role Company name : Centre for Development of Advanced Computing (CDAC) Posts : Proje...read more

Monday, March 24, 2014

Vacancy for CA/ICWA in MECL

MECL Recruitment 2014 – Apply Online for 153 Asst Manager, Asst Officer & Other Posts: Mineral Exploration Corporation Limited (MECL), Nagpur has issued a notification for the recruitment of 153 Assistant Manager, Assistant Officer, Foreman, Technical Assistant, Technician, Mechanic, Driver ...read more

5 tips to burn belly fat



5 tips to burn belly fat

Health.India.com

India Webportal Private Limited - India Webportal Private Limited - ‎17‎ ‎March‎ ‎2014

If you want to avoid having extra fat around your waist, eat salmon and walnuts, suggests a new rese...

If you have Windows 8, open this in Bing Health & Fitness.


Chapatti toast recipe



Chapatti toast
By Sify Bawarchi


Total Time: 15 mins
Makes: 1
Difficulty: Easy

Ingredients
  • 1 chapatti
  • Salt

Tunisia looks to win back tourists with image makeover



Tunisia looks to win back tourists with image makeover

AFP | AFP - ‎23‎ ‎March‎ ‎2014

Tunisia is working against the clock to salvage its 2014 tourist season after three turbulent years,...

If you have Windows 8, open this in Travel.


How to treat Bitcoins/virtual currency in India?

AHMEDABAD: A press release by the Reserve Bank of India, dated December 24, 2013, cautioned the users, holders and traders of virtual currencies (VCs) including Bitcoin about potential financial, operational and security-related risks. According to independent studies, Indians hold over 35,000

PUBLIC PROVIDENT FUND SCHEME, 1968 (PPF SCHEME, 1968) AND SENIOR CITIZENS SAVINGS SCHEME, 2004 (SCSS, 2004) - REVISION OF INTEREST RATES



PUBLIC PROVIDENT FUND SCHEME, 1968 (PPF SCHEME, 1968) AND SENIOR CITIZENS SAVINGS SCHEME, 2004 (SCSS, 2004) - REVISION OF INTEREST RATES
CIRCULAR DGBA.CDD. NO. 5342 /15.02.001/2013-14DATED 21-3-2014
Please refer to our circular RBI/2011-12/359 dated January 20, 2012 regarding interest rates on small savings schemes, wherein it was indicated that as per Government's decision on revision of interest on small savings schemes, the interest rates on various small savings schemes for every

Appointment of Internal auditor for financial year 2014-15 & 2015-16 of Heavy Engineering Corporation Limited

Heavy Engineering Corporation Limited
Last Date : 27/03/2014
Appointment of Internal auditor for financial year 2014-15 & 2015-16.

Address: Heavy Engineering Corporation Limited,Plant Plaza Road,Ranchi-834004 (Jharkhand)
Phone: 0651-2401422
Email:

Delhi Mumbai Industrial Corridor Development Corporation Ltd invites applications for the post of Company Secretary

Qualification : Should be a graduate from a recognized University; An Associate / Fellow Membership of Institute of Company Secretaries of India (ICSI); LLB/CA/ICWA/MBA(Finance) shall be an added advantage; Preference will be given to those who have completed the 15 months training under any Co...read more

Vacancy for CA Inter in Naco

1 Position Vacant : Finance Officer Position Code : PHFI/2014/ 6 7 - PIPPSE Place of Posting : One at Technical Support Unit, Gujarat, and One at Technical Support Unit, Rajasthan Organization Name : Public Health Foundation of India (PHFI) Company Profile: Public Health Fou...read more

The Supreme Court today directed the government to immediately withdraw its order making the Aadhar card mandatory



Biometrics data collected for Aadhar is confidential, reiterates Supreme Court

A Vaidyanathan

NDTV - NDTV - Mon Mar 24 09:25:38 UTC 2014

The Supreme Court today directed the government to immediately withdraw its order making the Aadhar card mandatory

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Sunday, March 23, 2014

Vacancy for CA/ICWA in Bharti Infratel

Bharti Infratel invites application from eligible candidates for Manager Process Compliance - Finance in Gurgaon,Haryana,India Job ID: IRC31433 Job posted date: 18/3/2014 Essential: Should be MBA/CA/ICWA and good working knowledge on Minitab and other quality tools. Having Min. 7 t...read more

‎Viewing the world from Wall Street‎



Viewing the world from Wall Street

Rajshri Singhal

The Hindu Business Line - The Hindu Business Line - Sun Mar 23 03:15:00 UTC 2014

Rating sovereign entities is too serious a matter to be left to private credit rating agencies. Thei...

If you have Windows 8, open this in Finance.


ICC World Twenty20: Upbeat India ready for Chris Gayle challenge



ICC World Twenty20: Upbeat India ready for Chris Gayle challenge

Press Trust of India

NDTV - NDTV - ‎23‎ ‎March‎ ‎2014

Their sagging morale lifted after a thumping win over Pakistan, Indian spinners will now have to bra...

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SMS Alert! Why it is dangerous for you



SMS Alert! Why it is dangerous for you

Prevention - Prevention - ‎20‎ ‎March‎ ‎2014

You know that you shouldn't be using your mobile phone while driving. New research shows why you...

If you have Windows 8, open this in Bing Health & Fitness.


Hiring Services of Chartered Accountant Firm for Statutory Audit of State Health Society (SHS) & District Health Society (DHS)- ( For the Financial Year2013-14 ) Under National Health Mission ( NHM )

National Rural Health Mission - State Health & Family Welfare Society Sikkim
Last Date : 25/03/2014
Hiring Services of Chartered Accountant Firm for Statutory Audit of State Health Society (SHS) & District Health Society (DHS)- ( For the Financial Year2013-14 ) Under National Health Mission ( NHM )

Address: Deputy Director (Finance),SHS,NRHM,Government of Sikkim,
Phone:
Email: bardewa@gmail.com

Empanelment of chartered accountant firm for concurrent audit of State Bank Of India

State Bank Of India
Last Date : 25/03/2014
Empanelment of chartered accountant firm for concurrent audit.

Address: State Bank Of India Local Head Office,III/1, Pandit Jawaharlal Nehru Marg, Bhubaneswar-751001
Phone:
Email:

Can I get admission for CA now?

In order to CA, you need to follow the following steps:

Enroll with the ICAI (Institute of Chartered Accountancy India) to appear for Common Proficiency Test (CPT).

• Once you clear CPT you enroll for IPCC (Integrated Professional Competence Course).

UAE AAA and ACCA sign partnership to develop UAE chartered accountant certificate


At an event patronised by His Excellency Eng. Sultan Bin Saeed Al Mansoori UAE Minister of Economy, The UAE Accountants and Auditors Association (AAA) and ACCA (the Association of Chartered Certified Accountants), the global body for professional accountants, signed a strategic partnership to develop the UAE chartered accountant certificate and that support the government’s drive to promote the qualification of UAE nationals.


The strategic partnership signed by Saif bin Abed Al Muhairi, Chairman of AAA and by ACCA President Martin Turner and witnessed by Mohammed Ahmed bin Abdul Aziz Al Shehhi, Undersecretary, UAE Ministry of Economy builds on a Memorandum of Understanding agreed in

Vast job potential for CA students

There are hardly 2.2 lakh chartered accountants for 1.2 billion people in the country and it indicates the vast employment potential that exists for students joining chartered accountancy course.
With the removal of trade barriers, career opportunity for CA students has become global, according to K. Kumaraguru, Vice-Chairman of the Puducherry branch of Southern India Regional Council of

Why you should not invest in Infosys

With human resources being the highest cost in IT industry, Infosys with 30000 employees tops the list in incurring this cost the most.

As per the internal sources from the company, Infosys has a HR policy of maintaining 33% of the total of its employee force for just benching.

For those who are new to the term 'benching', it is the term used in the industry for paid employees without any work or projects in hand. IT companies generally have this policy for avoiding shortage of employees at

Vacancy for CA/ICWA in Eaton

Eaton is a diversified power management company providing energy-efficient solutions that help our customers effectively manage electrical, hydraulic and mechanical power. A global technology leader, Eaton acquired Cooper Industries plc in November 2012. The 2012 revenue of the combined companies was $21.8 billion on a pro forma basis. Eaton has approximately 102,000 employees and sells products to customers in more than 175 countries. For more information, visit www.eaton.com.

The International Shared Service Center (ISSC) is one of the five Finance & Accounts (F&A) shared

Saturday, March 22, 2014

Two Income Tax officials held while taking bribe



Two Income Tax officials held while taking bribe
DC CORRESPONDENT | March 23, 2014, 05.03 am IST
   


Thrissur: The Kochi unit of the Central Bureau of Investigation on Saturday caught two income-tax assistant commissioners in Thrissur red-handed while accepting bribe from a businessman. They were identified as Vincent Joseph and Jose Kunjipalu.

According to CBI sources, the officers demanded Rs 10 lakh as bribe in return for reducing  his tax default of Rs50 lakh to Rs 1 lakh. The I-T officials had asked the businessman to come to their

Neck pain after sleep? Here is a home remedy that actually works!



Neck pain after sleep? Here is a home remedy that actually works!

Pavitra Sampath – Health.India.com

India Webportal Private Limited - India Webportal Private Limited - ‎11‎ ‎March‎ ‎2014

If it is one of those mornings when you have woken up with a sprain in your neck, then this article ...

If you have Windows 8, open this in Bing Health & Fitness.


Jackfruit Biryani Recipe



Jackfruit Biryani
By Sailu's Kitchen


Prep Time: 30 mins
Makes: 8

Ingredients
  • Raw tender jackfruit pieces - 6 cups, cut into 1" pieces, washed and drained completely
  • Onions - 2, large, finely sliced
  • Coriander leaves - 2 tbsps, finely chopped

Cruise in style from Chennai to Mahabs



Cruise in style from Chennai to Mahabs

The Hindu Business Line | The Hindu Business Line - Fri Mar 21 12:45:00 UTC 2014

Chennai: Picture this scene. It's a weekend evening and you feel like indulging yourselves and your ...

If you have Windows 8, open this in Travel.


China launches Chinaso, a new search engine



China launches Chinaso, a new search engine

IBNLive - IBNLive - Sat Mar 22 07:59:18 UTC 2014

A new Chinese-language online search engine - Chinaso.com - has been launched, marking the first search service set up by the country's major news organisations

If you have Windows 8, open this in News. Otherwise, open in the browser.



The new British 1 pound coin is impossible to replicate



The new British 1 pound coin is impossible to replicate

IBNLive - IBNLive - Sat Mar 22 08:30:00 UTC 2014

For all those determined forgers out there, here come tiny 'fingerprints' that would make currency notes, coins or credit cards impossible to replicate in near future

If you have Windows 8, open this in News. Otherwise, open in the browser.



Friday, March 21, 2014

Vacancy for CA/ ICWA in Cent Bank Home Finance Ltd.

Cent Bank Home Finance Ltd.

Position: Chief Finance Officer
Eligibility: CA/ ICWA.
Location: Bhopal
Last Date: 26-Mar
Job Details

Missing plane may cool Malaysia tourism, airline bookings



Missing plane may cool Malaysia tourism, airline bookings

Reuters | Reuters - Mon Mar 17 17:15:00 UTC 2014

SINGAPORE/KUALA LUMPUR: Loss-making Malaysian Airline System risks losing out on lucrative corporate...

If you have Windows 8, open this in Travel.


India vs Pakistan, Live cricket score, World T20: India bowlers restrict Pakistan to 130 for 7



India vs Pakistan, Live cricket score, World T20: India bowlers restrict Pakistan to 130 for 7

NDTV - NDTV - ‎21‎ ‎March‎ ‎2014

India start their 2014 ICC World Twenty20 campaign against Pakistan in the tournament opener at Mirp...

If you have Windows 8, open this in Sport.


Cheese and Sweet Corn Sandwich Recipe



Cheese and Sweet Corn Sandwich
By Sify Bawarchi


Total Time: 15 mins
Makes: 2
Difficulty: Easy

Ingredients
  • 4 pieces - sandwich bread

7 vital tips to take care of your newborn



7 vital tips to take care of your newborn

Debjani Arora – Health.India.com

India Webportal Private Limited - India Webportal Private Limited - ‎21‎ ‎March‎ ‎2014

Once your newborn is home it might be little overwhelming for you. From bathing your baby, to dressi...

If you have Windows 8, open this in Bing Health & Fitness.


Banks to remain open from Mar 29-31 to facilitate tax collection

Banks to remain open from Mar 29-31 to facilitate tax collection


Bank branches will remain open for full day on March 29, 30 and 31 to facilitate tax collection. 

While March 29 is a Saturday, March 30 is Sunday and March 31 is the last year of financial year and is a public holiday in some parts of the country
.

The Corporate Affairs Ministry Thursday received Election Commission's approval for notifying rules related to various sections of the new Companies Act, paving the way for its implementation from April 1.


New Delhi: The Corporate Affairs Ministry Thursday received Election Commission's approval for notifying rules related to various sections of the new Companies Act, paving the way for its implementation from April 1.

The legislation, which provides for significant changes in the way corporates are governed and regulated in the country, replaces the Companies Act 1956.

Sources said EC today conveyed that it has no objections to the ministry coming out with notifications

Companies Act 2013 to come into force from 1.4.2014

PUBLIC NOTICE
The Ministry of Corporate Affairs is going to introduce the new forms pertaining to the New Act probably from 01.04.2014.
The Ministry shall close down the Front Office portal after 25.03.2014. The Ministry has directed that all the work items should be cleared on or before 25.03.2014 because these work items will not

Ministry tweaks rules on remuneration and service terms of ITAT MembersNOTIFICATION NO. GSR 174(E) [F.NO.A-12018(1)/02/2013-ADMN.III(LA)], DATED 10-3-2014

NOTIFICATION NO. GSR 174(E) [F.NO.A-12018(1)/02/2013-ADMN.III(LA)]DATED 10-3-2014
In exercise of the powers conferred by the proviso to article 309 of the Constitution, the President hereby makes the following rules further to amend the Income Tax Appellate Tribunal Members (Recruitment and Conditions of Service) Rules, 1963, namely :—
1. (1) These rules may be called the Income Tax Appellate Tribunal Members (Recruitment and Conditions of Service) Amendment Rules, 2014.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. In the Income Tax Appellate Tribunal Members (Recruitment and Conditions of Service) Rules, 1963 (hereinafter referred to as the principal rules), rules 7, 7A and 7B shall be omitted and rule 7C

Appointment of Firms of Chartered Accountants for undertaking Internal Audit & Physical Verification in Uttar Pradesh Region


Food Corporation Of India - Noida Uttar Pradesh
Last Date : 24/03/2014
Appointment of Firms of Chartered Accountants for undertaking Internal Audit & Physical Verification in Uttar Pradesh Region

Address: Food Corporation Of India - Noida Uttar Pradesh
Phone:
Email:

Members interested in participating at the World Congress of Accountants (WCOA) from November 10-13, 2014 in Rome, Italy.

Announcement of Four Weeks Residential Programme of 24th & 25th Batch to be held from June 13, 2014 to July 10, 2014 at Centre of Excellence, Hyderabad. - (21-03-2014)

Vacancy for CA/ICWA in National Housing Bank

  Post Name : Assistant Manager

Qualification/Educational Criteria : Candidates who wish to apply for this post must posess the following skill and criteria: Pass out CA or ICWA or MBA Degree in any subject with fifty five percent marks from any recognized University Govt. of India.

No of Post : 12

Age Limit(in yrs) : Interested candidates who are appearing for this post should have the age of 21 to 28 Years.

Pay Scale/Salary(in Rs.) : Selected candidates would be eligible to get the pay scale of around Rs.14,500 to 25,700/-

Thursday, March 20, 2014

Empanelment with LIC Housing Finance ltd. for Statutory Audit

Empanelment with LIC Housing Finance ltd. for Statutory Audit

LIC Housing Finance ltd. is in the process of creating a panel  of statutory auditors for Back office audit .  Chartered Accountant Firms who are interested can send the duly completed form along with necessary

Vacancy for CA in Deloitte

Deloitte” is the brand under which independent firms throughout the world collaborate to provide services in a particular geographic area. These firms are members of Deloitte Touché Tohmatsu Limited DTTL, a UK private company limited by guarantee. With 170,000 people in over 150

Vacancy for CA in JP Morgan Chase

Job Description 

Associate - CIB Treasury P&A - F&BM, CIB-140026963

Job Description

 
Corporate Investment Bank – Associate (Mumbai) – CIB Treasury P&A
 
Business Description:
The CIB Treasury P&A team is a group aligned within CIB Treasury whose primary responsibility is the management of forecasts and plan for purposes of managing business activities across Treasury strategies (i.e. balance sheet, funding, liquidity, RWA, NIM, capital and leverage strategies).   The team also

Invitation to act as Checker for Chartered Accountants Examinations

Invitation to act as Checker for Chartered Accountants Examinations.For further details click here:

http://www.ngoandtaxconsultant.in/2014/03/invitation-to-act-as-checker-for.html

CA signs Andheri couple out of their garments biz

An Andheri couple, who owned a ready-made garments business, have been allegedly duped by their chartered accountant (CA), who tried to take over their firm.
The Meghwadi police have arrested one person in the case and they are looking out for the CA and three others who were involved.
Rakesh and Namrita Kabra hired the CA, Pramod Surolia, while he was employed at the local bank where they had an account. They

IFRS could be stripped of accountancy watchdog role

Sharon Bowles, chairwoman of the European Parliament Economic Affairs Committee, has raised "serious concerns" about the governance of the IFRS Foundation 
Louise Armitstead By Louise Armitstead, Chief Business Correspondent9:44PM GMT 15 Mar 2014
The International Financial Reporting Standards (IFRS) Foundation’s role in governing global accounting rules is under threat after European politicians said they were questioning whether the

BANK AUDIT GUIDANCE NOTE

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