MCA portal cripples after switching vendor

MCA portal cripples after switching vendor from TCS to Infosys on January 17
New companies have been unable to get off the ground and existing ones cannot upload
mandatory information as a critical government website, MCA 21, has slowed down sharply
after a vendor contract switched hands from Tata Consultancy Services (TCS) to Infosys on

I-T LAW MAY BE AMENDED FOR FOREIGN DEALS

I-T LAW MAY BE AMENDED FOR FOREIGN DEALS The finance ministry is considering amending the income-tax act empowering the tax authorities to spare companies from paying penalty as well as interest on taxes levied on indirect transfer of Indian assets through sale of shares abroad. Tax experts say the measure, if incorporated in the upcoming budget, will be applicable to a clutch of transactions carried out in recent

Interest earned by club on fixed deposits with its corporate members was not exempt on the principle of mutuality.

   
Mutuality principle and Income of club from fixed deposits with its corporate members
Interest earned by club on fixed deposits with its corporate members was not exempt on the principle of mutuality. - Vide Bangalore Club v. CIT & Anr. (2013) 49 (I) ITCL 299 (SC)

Where cheques issued by respondent-company in settlement of admitted debt got dishonoured, respondent was to be ordered to be wound up

CL : Where cheques issued by respondent-company in settlement of admitted debt got dishonoured, respondent was to be ordered to be wound up - [2013] 29 taxmann.com 385 (Karnataka)

Ownership of land is not a criteria to decide status of developer to claim deduction under section 80-IB

IT : Ownership of land is not a criteria to decide status of developer to claim deduction under section 80-IB - [2013] 29 taxmann.com 386 (Madras)

Computation of benefit of gratuity and leave encashment has to be governed

IT : Computation of benefit of gratuity and leave encashment has to be governed by definition of 'salary', contained in Explanation to section 10(10) and not by any agreement - [2013] 29 taxmann.com 382 (Chandigarh - Trib.)

Fear of failure drove farmer’s son to ace CA: says ICAI FINAL 3RD RANK

Ever since he got to know that he cleared the chartered accountancy finals in the first attempt, 23 -year-old M. Gnana Sampath has been itching to go home.

“I can’t wait for my people to say, ‘auditor vandhaachu,’” says the all-India third-rank holder who hails from Pogalur near Coimbatore.

KUMBH MELA - Harvard Next case study~~ THE BIG TENT

Harvard’s next case study: 

The logistics and economics behind Kumbh Mela, the largest human gathering in history By Logan Plaster — January 14, 2013

Logan Plaster is an editor and writer in New York, and is the managing editor of Emergency Physicians Monthly This week, the city of Allahabad in northern India kicks off the Kumbh Mela, a 48-day Hindu festival that is expected to be the largest human gathering in history. In addition to the more-than 30 million pilgrims descending upon

Require Blood units for wife of CA member at Delhi

Dear Professional friends

 

My partner CA Ajay Kumar Jain's wife is Hospitalised at AIMS(Delhi) she is very serious and till date she has been infused 190 (one hundred Nienty ) units of  Blood and she is in need of many more.  I urge all my

Soon, get interest on your savings deposit every month

The interest earned on your savings bank deposits is likely to be credited to your account every month, against the current practice of quarterly transfers. The Reserve Bank of India (RBI) is likely to ask banks, as early as Tuesday, the day of the thirdquarter review of its monetary policy, to increase the frequency of interest payment on savings account deposits. According to bankers, the regulator feels banks now have a robust technology platform that can enable an increase in

Zero Tolerance For Malpractice And Corruption In Tax Dept: Revenue Secretary

The Revenue Secretary has issued an Office Memorandum dated 22.01.2013 in which he has expressed concern over the searches/ investigations conducted by the Anti-Corruption branch of the CBI on the officers of the CBDT & CBEC and the complaints alleging misconduct by the officers in their official conduct

Appointment of Chartered Accountant Firms for Finance and Audit works for Madhya Pradesh Power Generation Company Limited

Madhya Pradesh Power Generation Company Limited
Last Date : 31/01/2013
Appointment of Chartered Accountant Firms for Finance & Audit works

Address: Madhya Pradesh Power Generation Company Limited Block No.09,Shakti Bhawan, Rampur Jabalpur 482008
Phone:
Email:

Internal audit & interbank account reconciliation of Central Co-operative Bank Limited

Central Co-operative Bank Limited
Last Date : 31/01/2013
Internal audit & interbank account reconciliation

Address: Patna - Bihar
Phone:
Email:

Vacancy for CA in Grasim Mumbai

Click here to apply

Director Finance job openings in Chennai Metro Rail Limited...

Chennai Metro Rail Limited (CMRL) announced recruitment notification for the post of Section Officer Accounts job from suitable candidate. Chennai Metro Rail Limited would like to seek the applicant from the first class Graduate and Member of the Institute of Chartered Accountants of India or Member of the Institute of Cost Accountants of India or
MBA with specialisation in Finance. Find vacancy in CMRL.

Applications are invited from deserving candidate for Section Officer Accounts job appointment in Chennai Metro Rail Limited. There are about few vacancies available for this post for different discipline and locations in India.

To know more detail on how to apply, qualification, age, experience and application format, kindly visit

Specialist Officer Openings Institute of Banking Personnel Selection

Specialist Officers posts :

Information Technology Officer (Scale-I)

Agriculture Field Officer (Scale-I)

Rajbhasha (Hindi) Officer (Scale-I)

Law Officer (Scale-I)

Technical Officer (Scale-I)

HR/ Personnel Officer (Scale-I)

Marketing Officer (Scale-I)

Information Technology Officer (Scale-II)

Law Officer (Scale-II)

Chartered Accountant (Scale-II)

Vacancy in company for CS trainee

There is vacancy in company for CS trainee. Preferably a candidate shall
be final exams
passed out.

Vacancy for CA/ICWA/CS in UJVN Ltd

                                                                                                            

                                                 

UJVN Limited

                                                            (An Uttarakhand Government Enterprize.)         

                                       

Corporate Office: Ujjwal, G.M.S. Road, Maharani Bagh, Dehradun-248006

                                                                                                                       Advt. No:  - RECTT/01/20 13

              

Detailed Advertisement    

                       

Applications are invited for the posts of Geologist (Trainees) /

Personnel Officers & Assistant Company Secretary in the scale of pay of

                                           (Pay Band -3): Rs.15600-39100, G.P Rs.5400    

UJVN Limited (UJVNL) is a wholly owned undertaking of the Government of Uttarakhand and professionally run power development and generation utility. The UJVNL is a self sustaining Utility and promises to be one amongst leading power companies of India.

UJVNL wishes to recruit following  Executives.:- 

Requirement of CS Trainee at Bharti Airtel

There is a requirement of CS Trainee at Bharti Airtel having its office at Vasant Kunj. Interested candidates may send

Know your PAN card better

The importance of Permanent Account Number (PAN) card has grown over the years, and it is today an essential part of our lives. The most important purpose of allotting PAN to an entity is for the purpose of identification and to track all the related monetary information of that entity. Initially, the significance of PAN was for filing income tax returns. Over time, PAN was used in dealings with the stock markets, banks and purchase of real estate and vehicles.

Today, PAN has started finding use in unconventional areas as well, as follows:

Vacancy for CA/ICWA in Power Finance Corporation

1.Name of the post : Senior Manager (E6) (Legal) : 1
Scale of pay : Rs. 43200-3%-66000
Maximum age limit : 41 years
Qualification : LLB (3 Yrs.) (Min. 50% marks) (or) 5 year Integrated Law Course. (Min. 50% marks).

2.Name of the post : Manager (E5) (Entity Appraisal) : 2
Scale of pay : Rs. 36600-3%-62000
Maximum age limit : 38 years.
Qualification : CA/ICWA (or) B.Com/BE (Electrical/Mechanical) & MBA (Finance) or PG Diploma in Business Management (specialization in Finance) (Min. 60% marks at Graduation & PG level)

Vacancy for Inter CA/ ICWA in HP

Financial Analyst I b-1083269

Description

 

Any Financial of Manufacturing Company with experience in Cost accounting, Reporting and Budgeting

Candidate should be flexible for any kind of shifts.

Description:

Openings for CA Fresher - CTC 12.5 Lacs - Leading MNC Bank

We are conducting a Campus Interview for CAs Freshers passed in Nov -12 attempt only at Mumbai, Delhi and Chennai exclusively organized by FAST Careers for Leading MNC Bank and seek your participation.

Criteria to attend the Interviews :

RBI instructed BANKS to hold the Branch Auditors on 20 Crore Limit till next Instructions.

RBI has instructed BANKS to hold the process of appointing Bank Branch Statutory Auditors on its earlier declared limit of Rs. 20 Crore + Advance till next instructions.

ICAI CHIEF-STRICTURES

NAGPUR: The fact-finding team of Institute of Chartered Accountants of India (ICAI), which is investigating a Rs100 crore land deal involving its president, is said to be divided over the action to be recommended to the central governing body. City-based CA Jaideep Shah is the current president and embroiled in a controversy over purchase of land on the city's outskirts.

Shah had approved a Rs100 crore deal for a 2 lakh square feet property in Luxora Township at Pipla on Nagpur's outskirts. An advance of Rs10 crore has been paid. But the cost raised several eyebrows, leading to a six-member fact-finding team being set up.

Telephonic interview some tips

Five Ways To... Crack a Phone Interview

In a super-competitive market,the phone interview is increasingly being used by hiring managers for the first screening,and in the process,the firststage elimination as well.Sreeradha D Basu gives you the lowdown on how to ace a phone interview and swing the selection process in your favour.

Hectic lobbying on as Council meets to seal Nagpur deal fate!

24 hours to go for the Council meeting that will discuss and decide the fate of Rs. 100cr Nagpur land deal. Well, ICAI President Jaydeep Shah sure isn’t giving up..he is lobbying hard with fellow Council members to let the deal go through or at the very least, he be let off the hook for all the governance lapses. While it seems almost certain that the Council will cancel the deal, a few issues are still up in the air:

CA Needed

Need CA contact details for professional work at following locations.:-

Punjab, Utarakhand, Gauhati, J & K.

Please mail your contact details

Required CA

Need CA contact details for professional work at following locations.:-

Service tax not payable on Electricity charges

Recently Bangalore CESTAT has disposed an appeal on the matter regarding "Service Tax on Backup Power Supply", where commercial complex owner was changing fee for providing power backup along with maintenance service charges.

One lakh students join CA every year: ICAI president

ICAI has around 2.10 lakh members at present

More than one lakh students join the chartered accountancy course every year with 45 to 50 per cent of them being girls. This was mainly due to the lower education costs for pursuing CA when compared to other professional courses, according to the Institute of Chartered Accountants of India (ICAI) president Jaydeep Narendra Shah.

Workshop on "Survey, Search and Seizure under Direct Taxes"- 6 CPE hrs

Event Topic    Workshop on "Survey, Search and Seizure under Direct Taxes"
Date    02-02-2013
Event Venue    ICAI Bhawan, G Block, Sector 14, Udaipur
CPE Hrs    6

Research paper on IFRS compliance across Europe shows inconsistencies

http://www.iasplus.com/en/news/2013/01/compliance-study?id=en%3Atwitter%3Adlvr_it%3Adeloitte_ifrs

Vacancy for CA in E&Y

Job Description 

India National - CA Freshers - North - IND00156

India

Job Title (Internal/External) : Consultant – Tax (Direct /Indirect) and Risk

Essentials
• Excellent managerial, organizational, analytical and verbal/written communication skills
• The ability to thrive in a fast-paced, professional services environment
Job Role :

Vacancy for CA in Godrej

Godrej required Manager-Accounts (Costing System) in Mumbai.

Job details:
Location: Mumbai, MH
Post: Manager-Accounts (Costing System)

Qualification and experience:

Vacancy for CA in HDFC Bank

http://hdfcbankcareers.jobstreet.com/jobs/jobdesc.asp?type=0&eid=20862465&jid=1398269&did=5037&its=0&src=8&itn=

ICSI NEW PRESIDENT

The Institute of Company Secretaries of India (ICSI) has a new President in S. N. Ananthasubramanian.

A practicing company secretary at Thane in Mumbai since 1991, Ananthasubramanian assumed charge as President of the Company Secretaries institute on Saturday .

Friction in ICAI top body over Nagpur land deal, Satyam issue

More skeletons tumbled out at the central council meeting of Institute of Chartered Accountants of India (ICAI) on January 11. The members at the helm of the governing body for the profession, which calls itself the 'financial watchdog', hurled charges at each other, alleging vested interests in various issues.

Transfer of BOOT Operator for MCA 21

Please take note of the following, Its the first day of Transfer of BOOT Operator for MCA 21 i.e. from TCS to infosys and the same has become very tragic for the MCA Users since as soon as I try to Log in the same shows as "FATAL ERROR - Too many users are looged in, please try after some time"

RBI freezes branch audit threshold at 20cr, 40% reduction likely

RBI freezes branch audit threshold at 20cr, 40% reduction likely!!!

Just spoke to our ICAI Past President and good friend Amarjit Chopra ji, who is also on the Board of Directors of Indian Bank.. he has confirmed that the RBI has sent letters to PSU banks informing them of 20cr threshold! So here is what RBI instruction says:
Bank Branches with 20cr+ advances - all such branches to be audited
Branches with less than 20cr advances - 1/5 th of such branches to be audited

Maharashtra Governor presents Rs 1 lakh award to CA topper

Mumbai, Jan 25:

Maharashtra Governor K. Sankaranarayanan today felicitated Prema Jayakumar for topping the Chartered Accountancy final examination in the country.

While congratulating Prema, the Governor announced an award of Rs 1 lakh for her as a token of appreciation, an official release said.

Results of MAC(Part-I), TMC(Part-I), CMC(Part-I), IRM & ITL & WTO Examinations-November, 2012 are likely to be declared on 5th February, 2013. - (25-01-2013)

http://220.227.161.86/29004iwmt-result13.pdf

Results of the Chartered Accountants Professional Competence and Integrated Professional Competence Examinations held in November, 2012 are likely to be declared on Tuesday, the 5th February, 2013 around 5.00 P.M. - (25-01-2013)

http://220.227.161.86/29003pce-ipce-result13.pdf

Requirement of two fresher CS in mumbai

‎

Requirement of two fresher CS in mumbai.
if any one requires the same write to

opening for CA (female)

There is an opening for CA (female), passed out in 2009-10 and having experience of 2 or more years in manufacturing company.
Location- Vasant kunj Delhi

REPUBLIC DAY CELEBRATION at ICSI - New Delhi

REPUBLIC DAY CELEBRATION
Date : 26th January, 2013 (Saturday)
Time :10:00 A.M.
Venue :
ICSI-NIRC Building, 4 Prasad Nagar Institutional
Area, New Delhi.

Need two CS trainees at ATS Services Private Limited

Need two CS trainees at ATS Services Private Limited having office at Netaji Subhash Place, Pitampura, New Delhi - 110034. Interested candidates may send their CVs to

The final notification notifying the said draft Company Secretaries (Amendment) Regulations, 2012 shall be published in the Official Gazette

The final notification notifying the said draft Company Secretaries (Amendment) Regulations, 2012 shall be published in the Official Gazette after considering the objections / suggestions, if any received from the public on the draft regulations with the approval of the Council and the Central Government.

Manager - Legal & Secretarial

1. Manager - Legal & Secretarial - 3-6 Years Post Qualification Experience - 1 Vacancy

2. Assistant Manager - Legal & Secretarial - 0-2 Years Post Qualification Experience - 2 Vacancies

3. Trainee - Legal & Secretarial - 15 Months Trainee Needed - 2 Vacancies

ICA announces New batches for CS Foundation / Executive / Professional starting from 28th January for June, 2013 attempt.

INSTITUTE FOR CORPORATE ACHIEVERS (ICA)  is going to start New batches for June 2013 , with the aim to shape the future of imminent Company Secretaries.

Foundation

Name of the Subject	Faculty	Date
Business Law	CS NIDHI SINGH	Going to start from 28th  Jan
Accounts	CS NIKITA	Going to start from 28th  Jan
Business Communication	Ms HIMANI KAPOOR	Going to start from 28th  Jan

Economics

CS Nidhi

Going to start from 28th  Jan

Executive Group 1:

Policy of Empanelment of CA Firms and Selection of Auditors of PSUs

Policy of Empanelment of CA Firms and Selection of Auditors of PSUs

Empanelment of CA firms

Chartered Accountant firms in India with at least one full time [1] FCA (Partner/Sole Proprietor) can apply for empanelment with this office for allotment of audit of Public Sector Undertakings.  

The criteria for empanelment and selection of statutory auditors have been arrived at after due consultation with the Institute of Chartered Accountants of India.

CCI HOLDS ROUND-TABLE MEETING WITH TOP CORPORATES, EMPHASISES COMPETITION COMPLI

CCI HOLDS ROUND-TABLE MEETING WITH TOP CORPORATES, EMPHASISES COMPETITION COMPLIANCE FOR GOOD CORPORATE GOVERNANCE CCI Holds Round-Table Meeting With Top Corporates, Emphasises Competition Compliance for Good Corporate Governance Competition Commission of India today held a round-table meeting with top companies of the country on the subject of "Competition Compliance for Good Corporate Governance". Representatives of

Common Types of Reporting Failures by Indian Companies and their Authorised Dealers to RBI under FEMA

In terms of Section 11 (2) of FEMA, 1999, the Reserve Bank may, for the purpose of ensuring the compliance with the provisions of the Act or of any rule, regulation, notification, direction or order made thereunder, direct any authorized person to furnish such information, in such manner, as it deems fit. Accordingly, RBI has entrusted to the Authorised Dealers (ADs) the responsibility of complying with the prescribed rules/ regulations for the foreign exchange transactions and reporting the same as per the directions issued from time to time.

Now , Hotel project total project cost of INR 250 crore or more avail ECB to repay their high Cost Rupee Loan or to incur fresh Rupee capital expenditure

Now , Hotel project total project cost of INR 250 crore or more avail ECB to repay their high Cost Rupee Loan or to incur fresh Rupee capital expenditure

As per the extant guidelines, Indian companies in the manufacturing and infrastructure sector (as defined under the extant ECB policy), which are consistent foreign exchange earners, are allowed to avail of ECBs for repayment of outstanding Rupee loan(s) availed of from the domestic banking system and / or for fresh Rupee capital expenditure.

On a review, it has been decided to include Indian companies in the hotel sector (with a total project cost of INR 250 crore or more), irrespective of geographical location as eligible borrowers under this scheme.

 

AD may certify the project cost at the time of forwarding the ECB application to the Reserve Bank.

 

REF:A.P. (DIR Series) Circular No.78 dated January 21, 2013

Ex- President ICAI Bombarment- RBI forwarded list with threshold limit as 20 crores

Amarjit Chopra

List of various firms to be allotted statutory branch auditors by banks has been forwarded to banks by RBI yesterday with threshold limit as 20 crores.Number of branch audits to come down drastically.

Empanelment of Chartered Accountant Firms for Internal Audit of the units of PVVNL

Paschimanchal Vidyut Vitran Nigam Limited
Last Date : 26/01/2013
Empanelment of Chartered Accountant Firms for Internal Audit of the units of PVVNL

Address: Dy.General Manager (Accounts),Room No.213.Ist Floor.Urja Bhawan Victoria Park Meerut
Phone:
Email:

Appointment of Chartered Accountant on Purely Contract basis

National Institute Of Fashion Technology
Last Date : 25/01/2013
Appointment of Chartered Accountant from ICWAI on Purely Contract basis

Address: NATIONAL INSTITUTE OF FASHION TECHNOLOGY (Ministry of Textiles Govt. of India) Madhapur, Hyderabad-500 081.
Phone: 040-23110630
Email:

Vacancy for CA in Standard chartered Bank

Click here to apply

A girl belonging to a "TEA STALL" Owner has cleared CA final Exams

# A girl belonging to a "TEA STALL" Owner has cleared CA final Exams.

Now she is CA DHANSHREE VILAS TODKAR.

She didn't have money even to pay her fees. She  worked with her father on the tea stall and earned so that she could feed her family and fulfill her dream.

Her father had no money to celebrate with Sweets, what he brought for her daughter was "BISCUITS"

CA Interviews in Kolkata and Delhi - Openings for CA Freshers - Nov 12 Batch - Resume Formats

FAST CAREERS is a Leading Private CA Placement Company working for Placement of Chartered Accountants Only. CA from Nov-12 batch are invited for interviews to be conducted in Kolkata on 04^th Feb, 2013 and in Delhi on 11^th Feb, 2013.

In such a job market, FAST Careers has always aspired to break the trend and create not just SOME OPPORTUNITIES but DISTINGUISHED OPPORTUNITIES for CAs.

The Institute of Company Secretaries Institute (ICSI) plans to develop a model for corporate governance rating

The Institute of Company Secretaries Institute (ICSI) plans to develop a model for corporate governance rating, its newly elected President, S.N. Ananthasubramanian, has said.

The Institute will build on its existing insights and exposure to governance practices in terms of the Corporate Governance awards that it has been giving for the last 12 years.

CA FINAL Results Analysis : May 2003 - May 2012 - Interesting Statistics

In consecutive third term, more than 5000 Students has successfully passed both group. Further in consecutive third term, passing percentage of students appearing in both groups is more than 15%. 

Passing percentage in Group 1 is similar to last term i.e. more than 25%. Further, 1st Time in History, more than 50,000 students appeared for Group - 1. Passing percentage in group - 2 is the highest in the last 9

Proposal (RFP) for Outsourcing of Scrutiny and Audit Functions By Excise and Taxation Department, Punjab Bhupindra Road, Patiala

Proposal (RFP) for Outsourcing of Scrutiny and Audit Functions
By Excise and Taxation Department, Punjab Bhupindra Road, Patiala


Requirement

This invitation to bid is open to all companies registered in India, who fulfil the following eligibility criteria: S.No. Criteria Required Documents

AP youth becomes India’s first blind CA

• 
  J Rajasekhar Reddy, a visually-impaired man from Guntur, shows the victory sign after becoming India’s first blind CA in Hyderabad on Tuesday. Devnar Foundation correspondent Jyothi Goud is beside him. | A Radhakrishna

The vision to achieve his childhood goal helped 23-year-old J. Rajashekar Reddy qualify the final hurdle of becoming a chartered accountant. He is the first completely blind candidate in India to manage the feat. “My success is not mine alone but of all those volunteers, teachers, friends and mentors who supported me

TAMILNADU CM GIVES TEN LAKHS TO CA FINALIST

Lauding the achievement of the daughter of an auto-rickshaw driver from the state who topped the nationwide Chartered Accountant examinations, Tamil Nadu Chief Minister Jayalalithaa today announced an award of Rs 10 lakh for her.

CA topper to get Rs 5 lakh award from Ennore Port

3

PTIPrema Jayakumar, topper of All-India Chartered Accountancy Examination.

 

 

Ennore Port Ltd will give a cash award of Rs 5 lakh to Prema Jayakumar, daughter of an autorickshaw driver who topped the All-India Chartered Accountancy Examination.

Prema hails from Tamil Nadu and resides in Mumbai. Her father, who drives an auto in Mumbai, belongs to Villupuram District in Tamil Nadu.

Mobile call charges go up by about 30%

New Delhi: Mobile call charges are hiked by up to 30% as leading operators Bharti Airtel and Idea Cellular announced revisions on account of rising costs, reports PTI.

Bharti Airtel, India's largest mobile phone operator and Idea Cellular raised call charges mostly by way of reduction in free minutes or airtime available on most plans.

Offer for Internal Audit and Pre Audit Work

Gujarat Urban Development Company Limited
Last Date : 24/01/2013
Offer for Internal Audit & Pre Audit Work

Address: The General Manager(Finance), Gujarat Urban Development Company Limited, Gujarat State Civil Supplies Corporation Building, 2nd Floor, B Wing, Sector 10/A, CH Road, Gandhinagar – 382 010 .
Phone:
Email:

Banking jobs in India 2013: SIB recruitment Chartered Accoun...

inShare

Employer Name:	South Indian Bank (SIB)
Employer Address:	T.B Road, Mission Quarters, Thrissur 680 001,Kerala, India

India inks double taxation avoidance pact with Sri Lanka

New Delhi, Jan 22:

India and Sri Lanka have signed an agreement for avoidance of double taxation. External Affairs Ministers of the two countries signed the agreement here on Tuesday. This was one of the three agreements signed between India and Sri Lanka

Vacancy for CA/ICWA in Oil India Limited

http://xa.yimg.com/kq/groups/28625989/474987780/name/Advertisement_for_recruitment_of_executives_in_direct_grades_for_FA_discip

Companies Bill 2012 – The scanner is on the auditor

Auditors as a profession are unhappy with the Companies Bill 2012 (Bill) on the multiple checks and controls it seeks to impose on their functions. The Statutory Regulator, the Institute of Chartered Accountants (ICAI) is faced with marginalisation with the creation of the National Financing Reporting Authority (NFRA). A statutory body vested with quasi- judicial powers, NFRA is authorised to investigate

New Guidelines on EEFC account balances - Jan-22 Circular

 

Keeping in view the operational difficulties faced by the account holders and the Authorized Dealer banks, as a measure of rationalization, it has been decided to dispense with the stipulation made in A.P. (DIR Series) Circular No. 124 dated May 10, 2012, that EEFC account holders henceforth will be permitted to access

S. 50C does not apply to transfer of FSI & TDR

ITO vs. Prem Rattan Gupta (ITAT Mumbai)



S. 50C does not apply to transfer of FSI & TDR

The assessee owned a plot of land admeasuring 2244.18 sq. mts of which 2110 sq. mts was acquired by the Municipality for development purposes. The assessee was entitled to receive TDR/ FSI in lieu of the land acquired. The assessee sold the development rights to the said property for Rs. 20 lakhs and computed capital gains on that basis. However, for purposes of stamp duty, the property was valued at Rs. 1.19 crores. The AO held that the value of the property as adopted by the stamp duty authorities had to be taken as the consideration u/s 50C for purposes of capital gains. This was reversed by the CIT(A). On appeal by the department to the Tribunal, HELD:

TOPS SECURITY BOOKED FOR SERVICE TAX EVASION The Revenue Department

TOPS SECURITY BOOKED FOR SERVICE TAX EVASION The Revenue Department on Tuesday said it has booked a case against Mumbai- based firm Tops Security Ltd for alleged evasion of service tax, which including interest is estimated at Rs. 90 crore. - www.business-standard.com

Landmark ITAT Special Bench Verdict On Transfer Pricing Of Advertisement Expenditure

The following important judgement is available for download at itatonline.org.

L.G.Electronics India Pvt. Ltd vs. ACIT (ITAT Delhi Special Bench)

Transfer Pricing: The “Bright Line test” can be applied to disallow the excessive AMP expenses incurred by the assessee for the benefit of the brand owner

L.G. Electronics Inc, a Korean company, set up a wholly owned subsidiary in India (the assessee) to which it provided technical assistance. The assessee agreed to pay royalty at the rate of 1% as consideration for the use of technical know how etc. The Korean company also permitted the assessee to use its brand name and trade marks to products manufactured in India on a royalty-free basis. The AO, TPO & DRP held that as

Service Tax | Negative List regime | Pdf book | 3rd Edition

Service Tax | Negative List regime | Pdf book | 3rd Edition by CA Pritam Mahure contains:

- Legal provisions pertaining to Service Tax (amended upto 22 January 2012)

- Central Excise provisions as applicable to Service Tax- All Notifications, Circulars, Orders, Instructions, draft circulars

ICAI RESEARCH

Minister for Minority Affairs K. Rahman Khan today recounted his days as a professional chartered accountant.

Sharing his experience with the chartered accountant fraternity here, he said, “when I started my practice, the only stakeholder was the Income-Tax Department. The corporate sector had not grown then. But the opportunity over the past six decades and the diversity of this profession at present is tremendous,” he said and urged members to be more responsible and committed.

CA Exam Topper and Appreciation from Political world

__._,_.___

__._,_.___

Political leaders in Tamil Nadu today praised Prema, daughter of an autorickshaw driver from the State, who topped the nationwide Chartered Accountancy examinations, besides announcing awards for the girl.

Showering praises on Prema, Shipping Minister G. K. Vasan announced an award of Rs 5 lakh for her, noting that the girl’s father Jayakumar, a native of Villupuram in Tamil Nadu, migrated to Mumbai in search of a livelihood two decades ago.

“I personally feel that Prema’s performance should

Announcement of Four Weeks Residential Programme of 18th & 19th batch to be held from 2nd Februrary 2013 to 1st March 2013 at Centre of Excellence, Hyderabad. - (21-01-2013)

Announcement of Four Weeks Residential Programme of 18th & 19th batch to be held from 2nd Februrary 2013 to 1st March 2013 at Centre of Excellence, Hyderabad. - (21-01-2013)

Relaxation in Completion of Information Technology Training (ITT) for students enrolled under Direct Entry Scheme on or after 1st October, 2012. - (21-01-2013)

Relaxation in Completion of Information Technology Training (ITT) for students enrolled under Direct Entry Scheme on or after 1st October, 2012. - (21-01-2013)

Recovery of Demands - Madras HC Stays CBEC's Draconian Circular

THIS was expected and eagerly awaited. The petitioner before the High Court prayed for:

1. Quashing the impugned Circular No.967/01/2013-CX dated 01.01.2013 in F.No.208/36/2012-CX.6 issued by the CBEC.

REQUIRED QUALIFIED FEMALE CHARTERED ACCOUNTANT

MUDRA SUNIL ASSOCIATES

Job Title

REQUIRED QUALIFIED FEMALE CHARTERED ACCOUNTANT

Location

Hyderabad

Contact Number

9396231985

Required Qualification

CA

Required Skills

Wanted Qualified Female Chartered Accountant, Fresher or/ Having
experience for a well established CA firm based in Hyderabad for handling
work like Taxation, Service Tax, Audit Finalization, Project Report (Study
& Preparation) and related ROC matters

Urgent requirement of a CS trainee and qualified CS in a PCS firm based in MUMBAI

Urgent requirement of a CS trainee and qualified CS in a PCS firm based in MUMBAI, the interested candidate may mail

Opening for Company Secretary for Noida office

opening for Company Secretary with  company for Noida office,

Company : WSP

WSP is one of the world"s leading engineering and design consultancies.

We provide services to transform the built environment and restore the
natural

Chartered Accountants's Vacancy in New Delhi

Chartered Accountants's Vacancy in New Delhi

Name: Padam Dinesh & Co.,Chartered Accountants

Job Title

Senior Assistant

Location

New Delhi

Job Opening for Research Analyst being PCC/PE-II in Bangalore

Job Opening for Research Analyst in Bangalore

Company: Probe Equity Research

Job Title

Research Analyst

Location

Bangalore

Required Qualification

PCC/P.E.-II

REQUIRED QUALIFIED FEMALE CHARTERED ACCOUNTANT in Hyderabad

REQUIRED QUALIFIED FEMALE CHARTERED ACCOUNTANT in Hyderabad

Name: MUDRA SUNIL ASSOCIATES

Location: Hyderabad

Required Qualification

CA

Urgent Opening for Accountant in Lower Parel - Mumbai

Urgent Opening for Accountant in Lower Parel - Mumbai.

Designation: Accountant

Education: Inter CA

REQUIRED QUALIFIED CHARTERED ACCOUNTANTS - Kolkata

OSL GROUP IS HIRING QUALIFIED CHARTERED ACCOUNTANTS FOR ITS PROJECT SITE IN
SILIGRI.

CANDIDATE SPECIFICATION: MUST BE CA, WITH EXPERIENCE & FRESHERS MAY ALSO
APPLY.

Urgent requirement of a CS in Okhla. (Fresher)

Job description - Complying with Company Law and requirements.Maintaining Statutory Records.Overseeing of legal and governance aspects of all functions. Liasoning with Bank, Government and other statutory bodies. With good communication Skill.

Note. Candidate should be a Member of ICSI.

NEW EXAMINATION CENTER AT HISSAR FOR CS EXAMS

NEW EXAMINATION CENTER AT
HISSAR
FOR CS EXAMS.
The Institute is pleased to announce opening of a new Examination
Center at Hissar (Haryana) (Centre Code – 235) on an experimental
basis beginning from June, 2013 examination onwards.
Accordingly, students are welcome to opt for new examination centre at
Hissar (Haryana) (Centre Code – 235) in their Examination Forms for
June, 2013 examination.

THE RESULTS OF OMR BASED FOUNDATION PROGRAMME EXAMINATION HELD ON 1ST AND 2ND DECEMBER, 2012 IS SCHEDULED TO BE DECLARED ON MONDAY, THE 21ST JANUARY, 2013

THE RESULTS OF OMR BASED FOUNDATION PROGRAMME
EXAMINATION HELD ON 1ST AND 2ND DECEMBER, 2012 IS
SCHEDULED TO BE DECLARED ON MONDAY, THE 21ST
JANUARY, 2013 AT 4.00 P.M. THE RESULTS ALONGWITH
INDIVIDUAL CANDIDATE’S SUBJECTWISE BREAK-UP OF
MARKS WILL BE AVAILABLE ON THE INSTITUTE’S WEBSITE.

Vacancy for CS in Cotton Corporation of India

THE COTTON CORPORATION OF INDIA LTD.
(A Government of India Undertaking, Ministry of Textiles)
KAPAS BHAVAN, Plot No: 3 A, Sector 10, CBD Belapur,
NAVI MUMBAI – 400 614
The Corporation having its Head Office in Navi Mumbai and branch offices all
over India invites applications for filling up following vacancies in the following categories :- Company Secretary No. of Posts -01 Pay scale(IDA pattern)(Grade)(Rs.24900-50500)

Qualification:- The candidate should be with qualification of ACS/ FCS. Preference will be given
to

Required Management Trainee - Secretarial Department in Mumbai

we wish to appoint a Management Trainee - Secretarial Department for our
organisation IndusInd Media & Communications Ltd. Final passed candidates
from Mumbai may apply.

Opportunity - CS Articleship Trainee Thane

opportunity for an Articleship Trainee to immediately join a
(group of) Companies that is prominently into FMCG, Logistics, allied
services.
The basic requirement -
1. CS Final/Professional passed candidate.

Job Opening for Accounting Manager in Bengaluru/Bangalore in Randstad India Limited

Job Opening for Accounting Manager in Bengaluru/Bangalore -

by Randstad India Limited

CA / ICWA only Apply

Experience: 5 to 10 yrs. | Salary: INR 8,00,000 - 12,00,000 P.A

Expression of Interest from Interested Chartered Accountants Firms for Empanelment & Selection of Concurrent Auditors for Procurement of Paddy

Chhattisgarh State Co.operative Marketing Federation Limited
Last Date : 21/01/2013
Expression of Interest from Interested Chartered Accountants Firms for Empanelment & Selection of Concurrent Auditors for Procurement of Paddy

Address: Chhattisgarh State Co-operative Marketing Federation Limited Katela Bhawan,Civil Lines,Raipur (C.G)
Phone:
Email:

Expression of Interest from the local Chartered Accountants Firms for conduct of Internal Audit covering period 2012-13 onwards at the office o f the Managing Director

Tripura Forest Development And Plantation Corporation Limited
Last Date : 21/01/2013
Expression of Interest from the local Chartered Accountants Firms for conduct of Internal Audit covering period 2012-13 onwards at the office o f the Managing Director

Address: Tripura Forest Development And Plantation Corporation Limited P.O.Abhoynagar,Agartala Tripura West,Pin-799005
Phone:
Email:

Request for Proposal of Chartered Accountant firms for Annual statutory audit

Maharashtra State Horticulture And Medicinal Plants Board
Last Date : 21/01/2013
Request for Proposal of Chartered Accountant firms for Annual statutory audit

Address: Maharashtra State Horticulture And Medicinal Plants Board Medicinal Plants Board Sakhar Sankul,Shivajinagar,Pune 411005
Phone: 020-25513228
Email: mshmpb_pune@rediffmail.com