Monday, December 2, 2013

WIRC Maharashtra VAT Conference ( 20, 21 Dec 2013) -12 CPE-

Maharashtra VAT Conference		CPE 12 Hrs
Days & Dates	Friday, 20^th December, 2013 & Saturday, 21^st December 2013
Venue	J ICAI Tower, Near Standard Chartered Bank, Bandra Kurla Complex, Bandra (East), Mumbai
Time	10.00 a.m. to 6.00 p.m. (Registration & Breakfast 09.00 a.m. to 10.00 a.m.)
Fees	Rs. 2000/- (Please add Rs. 100/- towards CA Benevolent Fund)

common discrepancies 704.pptx

2-Full Days Seminar on FEMA : 14th & 15th December 2013 : 9am-6pm : CPE 12 Hours

SEMINAR ON FEMA

ACCOMMODATION FACILITY FOR OUTSTATION PARTICIPANTS AVAILABLE

CPE

12 Hrs.

Dear Members,

To help bring in more awareness and a better understanding of FEMA provisions relating to setting up business in India by MNCs and foreign nationals, overseas business formation, international corporate structuring, remittance facilities for resident, NRI and foreign nationals, THANE MID-TOWN CPE STUDY CIRCLE of WIRC of ICAI has organised a two-day semina

I-T department reveals top 10 assessees in all categories

New Delhi: Directors of Kamal Sponge Steel and Power Kamaljeet Singh Ahluwalia and Prashant Ahluwalia, both facing CBI probe in coal scam, are in the list of top 10 Income Tax assessees in the 'Individual' category for 2011-12, according to an RTI reply.

The I-T department data shows that Kadapa MP Y S Jaganmohan Reddy is at number three in the list of top 10 Income Tax assessees in the country, behind Shireen who is at the top spot and Kamaljeet Singh at

How to handle notices by the income tax department

http://businesstoday.intoday.in/story/how-to-handle-notices-by-the-income-tax-department/1/200942.html

Business Income vis-à-vis Short term capital gains — Cancellation of agreemen

Ramesh Gelli Hyderabad v Income Tax Officer

Business Income vis-à-vis Short term capital gains — Cancellation of agreement — Compensation received — Assessee filed return declaring income — Case selected for scrutiny — Notice was issued u/s 143(2) and assessment was completed u/s 143(3) — Assessee extended business funds of ₨ 2.57 crores as business advance to company GGPL towards participation in doing business together to set up SEZ and other project —

Income — Sale of shares — Short term capital gains vis-à-vis business income — Assessee declared total income of ₨ 36,67,810, which included income in form of short term capital gains — Assessee had also declared dividend income which was claimed as exempt — AO observed that predominant activity was share

IT: Where purchases were not bogus but were made from parties other than those mentioned in books of account, not entire purchase price but only profit element embedded in such purchases can be added to income of assessee

IT: Where purchases were not bogus but were made from parties other than those mentioned in books of account, not entire purchase price but only profit element embedded in such purchases can be added to income of assessee

IT: Fringe benefit tax is not leviable on channel placement charges paid to cable operators by TV channel companies

I-T - Whether doctrine of 'source of source' and 'origin of origin' can be applied universally - NO, not without reference to factual matrix: Delhi HC

I-T - Whether doctrine of 'source of source' and 'origin of origin' can be applied universally - NO, not without reference to factual matrix: Delhi HC

THE issues before the Bench are - Whether it is the duty of Revenue to adduce evidence to show from what source, income is derived; Whether submission of PAN is a sufficient compliance of proving genuineness of an assessee; Whether the doctrine of "source of source" and "origin of origin" can be applied universally and Whether creditworthiness of an assessee can be proved by mere issue of a cheque or by furnishing a copy of

Penalty - Customs official in his statement admitting that he had accepted gratification and granted LET order in respect of consignments which were overvalued to claim undue DEPB benefits - Pre-deposit ordered: CESTAT

MUMBAI: THE applicant is a Superintendent in the Customs Department and during investigation it was found that he granted Let Export Order in respect of consignments involved in these appeals by receiving monetary gratification.

On the search of the residential premises of the applicant an amount of Rs.57 LAKHS CASHwas also recovered.

Against the order passed by the adjudicating authority, the applicant filed appeals before the

IT/ILT: Where assessee granted loan to its foreign subsidiary company which was subsequently converted into equity capital, in view of fact that as per loan agreement interest was not chargeable in such a situation, addition made by TPO/Assessing Officer on account of notional interest was to be set aside

IT/ILT: Where assessee granted loan to its foreign subsidiary company which was subsequently converted into equity capital, in view of fact that as per loan agreement interest was not chargeable in such a situation, addition made by TPO/Assessing Officer on account of notional interest was to be set aside

IT : Where Assessing Officer had completed assessment of assessee under section 143(3) read with section 147 without issuing any notice under section 143(2), assessment order passed was legally unsustainable

IT : Where Assessing Officer had completed assessment of assessee under section 143(3) read with section 147 without issuing any notice under section 143(2), assessment order passed was legally unsustainable

Vacancy for CA Inter in OSC Services Pvt Ltd

Job Details

Reference	902948
Region	India
Role	Other professionals

The role at OSC is to provide support for the Clifford Chance Finance team, including running and monitoring reports, contributing

Pune couple’s family gets Rs 84 lakh 18 years after CA death

http://www.mumbaimirror.com/mumbai/others/Pune-couples-family-gets-Rs-84-lakh-18-years-after-their-death/articleshow/26495337.cms

Sunday, December 1, 2013

Vacancy for CA/ICWA in EdCIL (India) Limited

Candidates who wish to apply for the posts required to furnish their detailed job vacancy application through prescribed application facility provided.

Only Indian Nationals need to apply

Last Date 23.12.2013

Candidate profile
Qualification
Post Name:Chief General Manager (Finance)

Zee Media Bureau/Reema Sharma

New Delhi: Japan’s Suzuki Motor Corporation this week unveiled the A: Wind hatchback at 30th Thailand International Motor Expo 2013. The car will reportedly go into production next year in Thailand.

A: Wind has a very youthful appeal to it as can be seen through the colour combination it uses in the interior

Sebi revamps expert panel on disclosures, accounting standards

http://post.jagran.com/sebi-revamps-expert-panel-on-disclosures-accounting-standards-1385434980

Latest draft rules issued by ministry outrage cost auditors

http://articles.economictimes.indiatimes.com/2013-11-25/news/44449961_1_cost-audit-draft-rules-cost-records

Cash payments to Railways isn’t covered within the ambit of sec. 40A(3)

IT : Payment made to government concern in cash in excess of amount prescribed under section 40A(3) would be allowable

■■■

[2013] 39 taxmann.com 16 (Karnataka)

HIGH COURT OF KARNATAKA

Commissioner of Income-tax

Devendrappa M. Kalal*

K.L. MANJUNATH AND A.N. VENUGOPALA GOWDA, JJ.

IT APPEAL NO. 5018 OF 2012†

SEPTEMBER 18, 2013

Section 40A(3) of the Income-tax Act, 1961 - Business disallowance - Cash payment exceeding prescribed limits [Payment to Government concern] - Assessment year 2008-09 - Assessee a scrap dealer, purchased scrap from Railway by making payment

Tehelka holding company: Networth negative, auditors red-flag issues

http://timesofindia.indiatimes.com/india/Tehelka-holding-company-Networth-negative-auditors-red-flag-issues/articleshow/26686374.cms

President's Message - December 2013 - (29-11-2013)

We have come quite close to end of the year 2013. And, I must admit we have really come a very long way from our formative years. Look at the way we have progressed and grown in our country as well as in the world. We are the second largest accounting body of the world. All stakeholders of the accountancy profession are responsible for this success and development, and I am really grateful to them for lending their complete support along with keeping their warmth and faith intact. All our members have been with

CA News Beta Top Salary Survey

CA News Beta is carrying out Top Salary Survey. The objective of the survey is to provide an comparison of current industrial remuneration awarding trends. The profession wise results shall be published on weekly

61% of Finance Leaders Say Fed Chief's Comments Affect Business Planning

New York (November 15, 2013) – Janet Yellen’s comments at her confirmation hearing to become Federal Reserve chairman reverberated beyond the Senate Banking Committee on Thursday, and could influence the planning and decision making of nearly two-thirds of the nation’s CFOs and finance chiefs.
Sixty-one percent of senior Chartered Global Management Accountant designation holders surveyed by the American Institute of CPAs said the comments and actions of an individual Fed chairman have at least

The American Institute of CPAs today announced the ten recipients of the 2013-2014 AICPA John L. Carey Scholarship.

New York (November 13, 2013) – The American Institute of CPAs today announced the ten recipients of the 2013-2014 AICPA John L. Carey Scholarship. The one-year $5,000 scholarship is awarded to students from liberal arts and other non-traditional business backgrounds, who are pursuing graduate accounting

Engagement of chartered accountant – Empanelment of comptroller & auditor general of india

Punjab Agricultural University

Last Date : 05/12/2013
Engagement of chartered accountant – Empanelment of comptroller & auditor general of india

Address: Ludhiana
Phone:
Email: contact@prsc.gov.in

Appointment of Chartered Accountant Firm for Audit works

Nagar Palika Parishad - vikasnagar dehradun

Last Date : 04/12/2013
Appointment of Chartered Accountant Firm for Audit works

Address: Dehradun - Uttaranchal
Phone:
Email:

Vacancy for Accountant in Nagpur

CHARTERED ACCOUNTANT AT DHANTOLI, WORK - INCOME TAX, ACCOUNTING ETC.......................................................................................................................................................

ACCOUNTANT

Job Location: Nagpur

Job Description: PERSON SHOULD HAVING PRACTICAL EXPERIENCE OF ACCOUNTING....................................................................................................................................................................................................................................

Functional Area: Accounting/Taxing/Auditing

Candidate Requirement

PERSON SHOULD HAVING PRACTICAL EXPERIENCE OF ACCOUNTING AND BETTER IF

	Job Description
	Role is for Head Cards Acquisition Policy for SCB India; reporting to Credit Head, Lending. Individual will be responsible managing growth and profitability of credit cards acquisition business through effective policy development and risk management.
	Key Roles & Responsibilities
	• Responsible for growth and profitability of credit cards for SCB India • Partner with product and sales teams to develop and manage credit policy across different

Vacancy for CA in JP Morgan

Job Description

Analyst - Markets CFO, F&BM, CIB, Global Finance-130102453

Job Description

JPMorgan Chase is a leading global financial services firm with assets of $1.1 trillion and operations in more than 50 countries. The firm is a leader in investment banking, financial services for consumers and businesses, financial transaction processing, asset and wealth management, and private equity. Under the JPMorgan,

Here Comes Android Jelly Bean Powered 'Bharat Phone' Priced At Rs 1,799

Saturday, November 30, 2013: BSNL and Pantel Technologies Private Limited (PTPL)yesterday announced the next generation of smart devices with the launch of Bharat Phone PF300 and the Penta Smart models – PS501 & PS650 and the Penta T-Pad WS707C respectively.

BSNL, BSNL Penta, Bharat Phone, Penta Smart, Trustport, HomeShop18, Panta Smart PS650, PentaBharat Phone PF300, Penta Smart PS501, Penta T-Pad WS707C, Android 4.2.2, Jelly Bean, BSNL news, smartphones in India, budget smartphones, tech news, news

The Bharat Phone is priced at a mere Rs 1,799 and has a large screen and the proprietary Read more »

Hiring services of chartered accountant firm for financial audit of vwsc for the financial year 2011-12 & 2012-13

Drinking Water And Sanitation Department

Last Date : 02/12/2013
Hiring services of chartered accountant firm for financial audit of vwsc for the financial year 2011-12 & 2012-13

MRTP : Where company manufacturing kitchen chimneys had specified in its owners manual that lifetime warranty meant life of 12 years, complaint against company for giving misleading impression was to be dismissed

MRTP : Where company manufacturing kitchen chimneys had specified in its owners manual that lifetime warranty meant life of 12 years, complaint against company for giving misleading impression was to be dismissed

Ethics ICAI

http://220.227.161.86/31527cajournal_dec2013-7.pdf

Vodafone TP: Tax Dept Should Not Cause Misery And Harass Taxpayers: Bombay High Court (4)

Transfer Pricing: Existence of income is a jurisdictional requirement for the applicability of T. P. provisions. AO must deal with it after giving personal hearing before making reference to TPO. The dept should not treat the assessee as an adversary who has to be taxed, no matter what

The assessee, an Indian company, issued equity shares at the premium of Rs.8591 per share aggregating Rs.246.38 crores to its holding company. Though the transaction was reported as an “international transaction” in Form 3 CEB, the assessee claimed that the transfer pricing provisions did not apply as there

Job Description

Deputy Manager Corporate Accounts (

Job Number:

ACC00001069)

Description

DuPont has a rich history of scientific discovery that has enabled countless innovations and today, we're looking for more people, in more places, to collaborate with us to make life the

Empanelment of Chartered Accountant firms with the O/o C&AG for the year 2014-2015

OFFICE OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIA
9, DEEN DAYAL UPADHYAYA MARG, NEW DELHI-110124.

Empanelment of Chartered Accountant firms for the year 2014-2015

Applications are invited online from the firms of Chartered Accountants and Chartered Accountants Limited Liability Partnerships (LLPs) who intend to be empanelled with this office for appointment as auditors of Government Companies/Corporations for the year 2014-2015. The format of application will be available

Vacancy for CA in Delhi Metro Rail Corporation Ltd

Delhi Metro Rail Corporation Ltd, a joint venture of Government of India and Government of Delhi issued notification announcing 56 vacancies of officers and staff under various disciplines. The requirement to the vacant posts would be done on regular/contract basis. Interested candidates should send their applications till

INVESTMENTS BY FIIs/QFIs IN CREDIT ENHANCED BONDS CIRCULAR NO IMD/FIIC/19/2013, DATED 28-11-2013

INVESTMENTS BY FIIs/QFIs IN CREDIT ENHANCED BONDS

CIRCULAR NO IMD/FIIC/19/2013, DATED 28-11-2013

1. On September 10, 2012, Government of India decided to permit Foreign Institutional Investors (FIIs) to invest in "Credit Enhanced INR Bonds" up to an equivalent of US$ 5 billion within the overall Corporate Bond limit of US$ 51 billion. The Reserve Bank of India vide circular RBI/13-14/368 dated November 11, 2013 had permitted FIIs and QFIs to invest in the credit enhanced bonds, as per paragraph 3 and 4 of the

IT : Where rural branches of co-operative bank did not satisfy definition of rural branch given under section 36(1)(viia), advances made by such rural branches would not qualify for deduction as bad debt

IT : Where rural branches of co-operative bank did not satisfy definition of rural branch given under section 36(1)(viia), advances made by such rural branches would not qualify for deduction as bad debt

IT : Only net accretion to provisions account of bad and doubtful debt made

Cenvat Credit: Plastic flooring is not eligible for Cenvat credit since it is neither any aid of manufacture nor any inevitable necessity to carry out manufacture

Cenvat Credit: Plastic flooring is not eligible for Cenvat credit since it is neither any aid of manufacture nor any inevitable necessity to carry out

CIRCULAR DNBS.PD.CC.NO.361/03.02.002/2013-14, DATED 28-11-2013

PARTICIPATION OF NBFCs IN INSURANCE SECTOR

CIRCULAR DNBS.PD.CC.NO.361/03.02.002/2013-14, DATED 28-11-2013

Please refer to the circular DNBS.(PD).CC.No.13/02.01/99-2000, dated June 30, 2000 which contains the Guidelines for entry of NBFCs into Insurance Business issued on June 09, 2000, and subsequent modification carried out vide Circular DNBS.(PD).CC.No.35/10.24/2003-04, dated February 10, 2004 and CC No. 221/03.02.002/2010-2011, dated May 27, 2011. As per the extant instructions issued on May 27, 2011, in case more than one company (irrespective of doing financial activity or not) in the same group of the NBFC wishes to take a stake in the insurance company, the contribution by all

NOTIFICATION NO. 90/2013 [F.NO. 142/31/2013-TPL(PT.-II)], DATED 27-11-2013

SECTION 43(5), CLAUSE (iii) OF EXPLANATION 2 TO CLAUSE (e) OF PROVISO, OF THE INCOME-TAX ACT, 1961 - SPECULATIVE TRANSACTION - RECOGNIZED STOCK EXCHANGE - NOTIFIED RECOGNIZED STOCK EXCHANGE

NOTIFICATION NO. 90/2013 [F.NO. 142/31/2013-TPL(PT.-II)], DATED 27-11-2013

In exercise of the powers conferred by clause (iii) of the Explanation 2 of clause (e) of the proviso to clause (5) of section 43 of the Income-tax Act, 1961 (43 of 1961) read with sub-rule (4) of rule 6DDD of the

Vacancy for CA in Maharashtra Gramin Bank

Employment Notice For

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

City / State

Nanded , Maharashtra

Advertisement No

Last Date

12-12-2013

IT : Where assessee in return of income under head 'income from other sources' had shown certain income as commodity income received from a party and it was not relatable to business of assessee and was a sham transaction, said income would fall under section 68, being unexplained cash receipts

IT : Where assessee in return of income under head 'income from other sources' had shown certain income as commodity income received from a party and it was not relatable to business of assessee and was a sham

A Brief Analysis of MCA Circular clarifying the applicability of section 372A

Ministry of Corporate Affairs has issued a Circular dated 19^th November, 2013,clarifying that section 372A of the Companies Act, 1956 (hereinafter referred to as Act) dealing with inter-corporate loans and advances is still operative. While section 186 of the Companies Act, 2013 (hereinafter referred to as New Act) which was the corresponding section to Section 372A of the Act was still not notified, it was more of less clear that the section was operative.

The need of the hour somehow was to relax the restriction posed by section 185 of the New Act dealing with loans to Directors etc. since its notification from September 12, 2013 onwards from its applicability on wholly owned subsidiaries and private limited companies. This circular seems to convey different opinions, as on one hand,it seems that the Ministry has tried to meet the requirement of the Industry by attempting to

IT : Where assessee had charged less sale price from sister concern as compared to non-sister concerns, provisions of section 40A could not be invoked as no payment had been made for any item of expenditure

IT : Where assessee had charged less sale price from sister concern as compared to non-sister concerns, provisions of section 40A could not be invoked as no payment had been made for any item of expenditure

■■■

[2013] 38 taxmann.com 401 (Punjab & Haryana)

HIGH COURT OF PUNJAB AND HARYANA

Commissioner of Income-tax - I, Ludhiana

Rajnish Ahuja*

HEMANT GUPTA AND MS. RITU BAHRI, JJ.

Step by Step Guide to view ICAI ebooks on Android Phone

Recently ICAI has taken an initiative to launch the e-books for the students so that they can have access to the study material while on the move through the use of Android smartphone. I will be giving you a step by

Vacancy for CA/ICWA in CISCO

Requisition #:	R954672	Location:	INDIA.KARNATAKA.BANGALORE
Job Title:	Finance Analyst	Region:	APJC
Area of Interest:	Finance	Level of Experience:	Experienced - Non Manager
Flexible Work Option:	Yes
Job Description:	Advanced Services Financial Analyst This is an excellent opportunity to be a part of the Advanced Services Finance Delivery Organization supporting the Cisco Services business across the

How to get 10 Hours of CPE Credit of unstructured learning for 2011, 2012 & 2013

As you all are aware, the ICAI’s Continuing Professional Education (CPE) policy requires members to comply with the CPE Hour Requirements. Which includes Structured and Unstructured learning. Also Read- CPE credit Hours requirements for Calender Year 2011 to 2013 for CAs In the above context, this is to bring to your attention that even reading of certain […]

Read the Full Article

Monday, November 25, 2013

Opportunity for CAs at IBPS

ITAT duty-bound to deal with all judgements cited during hearing of appeal

ITAT duty-bound to deal with all judgements cited during hearing of appeal

The assessee filed an appeal against an addition for alleged bogus purchases/sales which was dismissed by the Tribunal. The assessee filed an appeal before the High Court claiming that he had relied on the judgement in CIT vs. President Industries 258 ITR 654 in the verbal and written submissions and that the Tribunal had

Vacancy for CA in Hyatt

Assistant Director of Finance-PUN000275

Description

You will be responsible for the efficient running of the department in line with Hyatt International's Corporate Strategies and brand standards, whilst meeting employee, guest and owner expectations

To assist the Director of Finance in managing the department, through planning, organizing, directing and

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

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

Bank unions to observe one-day strike on Dec 19

UFBU deliberated at length about the anti-people policies of the govt and decided to launch a one-day country-wide token strike

Pressing various demands, the United Forum of Bank Unions (UFBU), representing employees of public and private sector banks, has decided to observe a one-day nationwide strike next month.

7T of 2013.pdf

Vacancy for CA in Uttarakhand Disaster Recovery Project (UDRP)

Employer Name: Uttarakhand Disaster Recovery Project (UDRP) Employer Address: The Project Management Unit, Uttarakhand Disaster Recovery Project (UDRP) SIIDCUL Building, 29 IIE [IT Park], Sahastradhara Road, Dehradun-248001, Uttarakhand Phone: 0135-2710334,2710335,2710233 Required Skills: K...read more

Required Professional passed trainee at Sudhanshu Gupta & Associates

Required Professional passed trainee at Sudhanshu Gupta & Associates(Laxmi Nagar). Interested Candidates may

CAN A COMPANY GIVE LOAN TO GROUP COMPANIES UNDER COMPANY ACT, 2013?

CAN A COMPANY GIVE LOAN TO GROUP COMPANIES UNDER COMPANY ACT, 2013?

BY CA NITESH MORE

Many corporate including Pvt Ltd Cos have other related group companies and they transfer money to & from other company as and when require. Stop doing this, even retrospectively from 12th Sep, 2013 as these can be treated as interest free loan u/s 185 of new company law. Loan has not been defined u/s 185. These transfers can be treated as loan. Any transaction of giving money to be returned with or without

Non-applicability of Companies Act, 2013 for May 2014, Examinations

18th November, 2013

Important Announcement

Attention: Intermediate (IPC) and Final Course students

Non-applicability of Companies Act, 2013 for May 2014, Examinations

This is to bring to the notice of students that the Companies Act, 2013 notified in the Official Gazette on 30th August, 2013 (with partial enforcement of only 98 sections of the Companies Act, 2013 from 12th

ICAI lauches E-books

ICAI believes in harnessing technology for the benefit of members and students. In view of increased use of tablets and smart phones that facilitate easy reading, the ICAI has come out with study materials in form of e-books. Now students will be able to conveniently read and learn on the move. Presently, the study material

Vacancy for CA/ICWA in Tamil Nadu Newsprint and Papers Limited

Manager (Finance) Tamil Nadu Newsprint and Papers Limited Address: Tamilnadu Newsprint and Papers Limited, Karur District Postal Code: 639136 City Kagithapuram State Tamilnadu Pay Scale: Rs. 28000-800-36000 Educational Requirements: Chartered Accountant (CA) Qualifications: Cost and Work...read more

Vacancy for CA Inter /ICWA Inter in Schneider Ltd

Position Title: Manager Finance Location: ITB SC&M, Bangalore Roles & Responsibilities: Inventory Controlling: Highlight slow moving /Non moving stocks, Work with Warehouse Manager to liquidate the same by rebalancing or disposal. Monitor Cycle Count operation. Conduct p...read more

Thursday, November 21, 2013

Vacancy for CA in HSBC Bank

Candidate profile
The candidate must possess an MBA or a CA degree

3 years of Corporate Banking experience of handling large or complex clients preferred

SEBI has issued a discussion paper on 'Review of guidelines governing stock related employee benefit schemes', for public comments.

SEBI has issued SEBI (ESOS & ESPS) Guidelines, 1999 to enable listed companies to reward their employees through stock option schemes and stock purchase schemes. Based on the requests/ suggestions/ recommendations received from various market participants, it is proposed to

CAG questions Rs 3,000 crore of investments by two Tata trusts

CAG questions Rs 3,000 crore of investments by two Tata trusts
Josy Joseph, TNN | Nov 21, 2013, 02.36 AM IST

NEW DELHI: A detailed audit by the Comptroller and Auditor General of India of some major trusts run by business houses and sports bodies has allegedly revealed misuse of income tax exemptions granted to them.

The Institute of Chartered Accountants of India (ICAI) has suspended the membership of Harsh Vardhan Lodha, chairman of Birla Corporation, and his brother Aditya Vikram Lodha for three months.

The Institute of Chartered Accountants of India (ICAI) has suspended the membership of Harsh Vardhan Lodha, chairman of Birla Corporation, and his brother Aditya Vikram Lodha for three months.

In a letter, Vandana D Nagpal, director (discipline), said the decision of the council was taken "upon a

Draft Rules under the Companies Act, 2013 Companies (Cost Records and Cost Audit) Rules, 2013.

Draft Rules under the Companies Act, 2013
Companies (Cost Records and Cost Audit) Rules, 2013.

In exercise of the powers conferred by sub-sections (1) and (2) of section 469 and section 148 of the Companies Act, 2013 (18 of 103), the Central Government hereby makes the following rules, namely:

Vacancy for CA/ICWA in Cement Corporation of India

ADVERTISEMENT No.03/13

Cement Corporation of India Ltd. (CCI), a profit m

aking Central Govt. Public

Sector Undertaking is in the process of recruiting

–

General Manager/Addl.

General Manager(Technical/Projects)

at E-7/E-6 level

Addl. General

Manager / Dy.General Manager (Maintenance & Service

at E-6/E-5 level

Dy.General Manager(Materials Management)

at E-5 level

(reserved for SC),

Manager (Material Management)

at E-3 level,

Addl.General Manager/

Dy.General Manager/Sr.Manager (Finance),

Vacancies For Manager (Finance) In Delhi Metro Rail Corporation Ltd – Delhi

Manager (Finance)

Delhi Metro Rail Corporation Ltd

Address: Metro Bhawan. Fire Brigade Lane. Barakhamba Road

Postal Code: 110001

City New Delhi

State Delhi

Pay Scale: Rs. 24900-50500 (IDA)

Educational Requirements: CA/ICWA (for finance) except for IRAS/ Railway Accounts officers.

DRDA, Rayagada recruitment for Assistant Project Director (Credit)

Name of the Post: Assistant Project Director (Credit)

No of the Post: 01

Age: 40 years as on 01/01/2013

Salary: Rs. 12500/- per month

PwC Looks to Bolster Consulting Practice With Booz Merger - Compliance Week

http://www.complianceweek.com/pwc-looks-to-bolster-consulting-practice-with-booz-merger/article/318594/

Very inspiring video on Malala - On how education wins over violence

Saturday, November 2, 2013

Expression of Interest is invited from C&AG empanelled Chartered Accountant firms for audit of NREGS accounts of the G.P., Blocks and DRDA Sambalpur for the year from 2006-07 to 2012-13

District Rural Development Agency - Sambalpur

Last Date : 04/11/2013
Expression of Interest is invited from C&AG empanelled Chartered Accountant firms for audit of NREGS accounts of the G.P., Blocks and DRDA Sambalpur for the year from 2006-07 to 2012-13

FESTIVE OFFER Pay outstanding MTNL bills, get 10-50% rebate

Mumbai: The Mahanagar Telephone Nigam Limited (MTNL) has decided to offer a one-time rebate to all its customers—landline, broadband or cell phone — who desire to clear outstanding bills for the last 10 years.
Rebates ranging from 10% to 50% will be offered to such customers for the first time under an amnesty

No TDS from value of meal coupons given by employer to employees, ITAT says (2

IT : Where assessee paid to its employee every month certain amount in advance towards leave travel concession and medical reimbursement, it was not obliged to deduct tax at source under section 192 on such amount at time of making payment

IT : Where assessee as part of its plan provided to its employees meal vouchers/coupons, which

IT: Deduction under section 80-IC could not be denied on ground that assessee procured raw material from other State

IBM asked to pay Rs 5,357 crore in outstanding tax by Indian authorities

http://profit.ndtv.com/news/corporates/article-ibm-asked-to-pay-rs-5-357-crore-in-outstanding-tax-by-indian-authorities-report-371202

Companies Act 2013 - CHAPTER 20 - Winding UP - services of COST ACCOUNTANT

The Companies Act 2013 –

CHAPTER XX

WINDING UP

270. (1) The winding up of a company may be either—

(a) by the Tribunal; or

(b) voluntary.

(2) Notwithstanding anything contained in any other Act, the provisions of this Act with respect to winding up shall apply to the winding up of a company in any of the modes specified under sub-section (1).

PART I.—Winding up by the Tribunal

275. (1) For the purposes of winding up of a company by the Tribunal, the Tribunal at the time of the passing of the order of winding up, shall appoint an Official Liquidator or a liquidator from the panel maintained under

Vacancy for CA/ICWA in NEPA Limited

NEPA Limited – General, Dy General Manager Vacancies 2013: Nepa Limited is a Pioneer Newsprint Manufacturing CPSU, under Ministry of Heavy Industries & Public Enterprises has posted employment notification for General, Dy General Manager Posts. Eligible candidates can apply in prescribed application format with in 15 days from the date of Publication of Advt. For more details regarding age limit,

10-day old girl in Rajkot gets a PAN card

http://www.ndtv.com/article/india/10-day-old-girl-in-rajkot-gets-a-pan-card-440946

Fourteenth ESMA enforcement decisions report released

http://www.iasplus.com/en/news/2013/10/esma

IRS releases inflation adjustments for 2014

On Thursday, the IRS issued the annual inflation adjustments for 2014 for more than 40 tax provisions and the tax tables for 2014 (Rev. Proc. 2013-35).
Among the inflation-adjusted amounts that have increased are the personal exemption, which increased from $3,900 in 2013 to $3,950 for 2014, and the standard deduction, which for married filing jointly status increased from $12,200 in 2013 to $12,400 in 2014. In addition, the adoption credit under Sec. 23 is inflation-adjusted from $12,970 in 2013 to $13,190 in 2014.
The revenue procedure also contains the inflation-adjusted unified credit against the estate tax, which is $5.34 million for

Highest FD rates on offer as on 1st October 2013 amongst public sector bank

Public Sector Bank: IDBI Bank

Duration	Rate	Deposit Amount Rules	Additional Interest for Seniors
15 days-45 days	6.00%	Must be atmost Rs. 1 crore	-
46 days-200 days	8.50%	Must be atmost Rs. 1 crore	-

Its India on Diwali Day Happy Diwali

Vacancy for CA in Macquarie group

Executive - Group Regulatory Reporting

Job number:

FMG-909069

Group:

Financial Management Group

Division:

Finance

Recruiter:

Ajay Tandon

Work type:

Full time

Location:

Gurgaon

Review: Krrish 3 is heartbreakingly unoriginal

Sharma.

It’s a bird!

It’s a plane!

Oh wait, it’s a rip off of films such as X-Men, Spiderman, Batman, The Avengers and (embarrassingly enough) even The Incredibles and Megamind.

Rakesh Roshan's Krrish 3, starring (surprise, surprise!) Hritik Roshan is the third instalment of the Koi...Mil Gaya series - of which Krrish 2 is still missing. In this film, we see Krrish (Hritik Roshan) pitted against a powerful army of mutants, controlled by the mastermind Kaal (Vivek Oberoi), who want to destroy the

Google has launched its much anticipated software ‘Kitkat’

New Delhi: Google has launched its much anticipated software ‘Kitkat’ along with its global launch of the Nexus 5 phone.

Nicknamed after the chocolate bar Kitkat, the Operating System is designed to work well on both high-end smartphones and cheaper feature phones.

Let’s have a look at five amazing features of the newly launched software.

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Required Professional passed trainee at Sudhanshu Gupta & Associates(Laxmi Nagar). Interested Candidates may

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Delhi Metro Rail Corporation Ltd

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