Wednesday, March 18, 2015

Vacancy for CA in JP Morgan

Job Description

CIB - Risk - Client Credit Manager - Assoc/VP - Sydney-150026754

Job Description

J.P. Morgan’s Corporate & Investment Bank (CIB) is a global leader across banking, markets and investor services. The world’s most important corporations, governments and institutions entrust us

Expression of Interest from Chartered Accountant Cum Company Secretary/Chartered Accountant cum company secretary firm.

Madhya Pradesh Public Health Services Corporation
Last Date : Mar 20, 2015
Expression of Interest from Chartered Accountant Cum Company Secretary/Chartered Accountant

Express of Interests for Accounting service consultants, Financial consultants, Software solution for sufal hub/Staticoutlet / mobile outlet.

Government Of West Bengal
Last Date : Mar 20, 2015
Express of Interests for Accounting service consultants, Financial consultants, Software solution for sufal hub/Staticoutlet / mobile outlet.

Address: Shri Ranajit Sengupta Additional Project Director Project Management Unit SUFAL

Expression of interest for internal audit & annual accounts preparation for the year 2014-15.

Bihar State Schedule Case Cooperation Development Corporation Limited
Last Date : Mar 20, 2015
Expression of interest for internal audit & annual accounts preparation for the year 2014-15.

Expression of Interest for Empanelment of Chartered Accountant Firms for Statutory Audit

Bihar Education Project Council
Last Date : Mar 20, 2015
Expression of Interest for Empanelment of Chartered Accountant Firms for Statutory Audit.

Highlights of Maharashtra budget

Maharashtra finance minister Sudhir Mungantiwar present the state's first BJP budget on Wednesday in the state assembly.

Highlights of the budget:

* Maharashtra finance minister Sudhir Mungantiwar presents state budget in assembly

* Govt announces scrapping of Local body tax (LBT) from August 1, 2015

Vacancy for CA/ICWA in Titagarh Wagons Ltd

Job Description

Salary[Not Mentioned]

Functional AreaFinance / Accounts / Tax

IndustryIT - Software

Skillsc.a chartered accountant mba finance icwa france outstation foreign india willing to relocate cost accountant

Opening for Chartered Accountant/Cost Accountant/MBA Finance who will

cbdt.pdf

Self-Declaration Form to Avail CPE Hours Credit

You can get maximum 10 CPE hours in 2014, after sending a Self Declaration Form at below noted address of ICAI. (if your age is less than 60 years) If age is 60 years or more than 60 years, you can get 70 CPE hours in three years block ie for year 2014. 2015 & 2016 after sending Self Declaration Form to respective Regional Council

Engage a CA/CMA firm for Internal Audit of its Operations.

D N P Limited
Last Date : Mar 17, 2015
Engage a CA/CMA firm for Internal Audit of its Operations.

Address: Assam Gas Co. Limited, P.O. Duliajan, PIN 786602, Dist. Dibrugarh, Assam.

Reputed chartered accountants / cost accountants firms for undertaking internal audit and physical verification of stocks in FCI.

Food Corporation Of India- Zonal Office-South
Last Date : Mar 17, 2015
Reputed chartered accountants / cost accountants firms for undertaking internal audit and physical

Vacancy for CA in Hyatt

Assistant Director of Finance-PUN000384

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

Empanelled with C&AG/ State AG to Provide Their Sevices for Conducting Audit of MGNREGA fro the Year 2014-15.

District Rural Development Agency - Mandi Himachal Pradesh
Last Date : Mar 16, 2015
Empanelled with C&AG/ State AG to Provide Their Sevices for Conducting Audit of MGNREGA fro the Year 2014-15.

Address: District Rural Development Agency - Mandi Himachal Pradesh

Annual Contract For Engagement Of C.A. For Internal Audit, Conducting Internal Audit Of Accounts Of V.V. Giri National Labour Institute” For The Year 2014-15 & 2015-16.

V V Giri National Labour Institute
Last Date : Mar 16, 2015
Annual Contract For Engagement Of C.A. For Internal Audit, Conducting Internal Audit Of

Request for proposals for Empanelment of statutory auditors for audit of watershed committees, project implementing agencies, watershed cell cum data centers & state level nodal agency.

Department Of Watershed Development And Soil Conservation
Last Date : Mar 16, 2015
Request for proposals for Empanelment of statutory auditors for audit of watershed committees, project implementing agencies, watershed cell cum data centers & state level nodal agency.

Address: Department Of Watershed Development And Soil Conservation,R.No. 144, Pant Krishi

RBI unveils revised norms on sale of NPAs to securitization/reconstruction companies

Announced on February 03, 2015. As indicated therein, it has now been decided to permit banks to reverse the excess provision (when the sale is for a value higher than the NBV) on sale of NPAs (sold prior to February 26, 2014 to SCs/RCs) to their profit and loss account. We reiterate that banks can reverse excess provision arising out of sale of NPAs only when the cash received (by way of initial consideration and/or redemption of security receipts/pass through certificates) is higher than the NBV

CBI names consultancy firm PricewaterhouseCoopers as a suspect

CBI on Friday night arrested a finance ministry official and a partner of a Mumbai-based law firm in connection with the case.

Ram Niwas, an assistant in FIPB section, finance ministry and Paresh Chimanlal Buddhadeb, partner in Chitalay Associates, were arrested for allegedly leaking documents on government's foreign

Wake up call for companies in the month of March

The Companies needs to ensure Compliance of following provisions during financial year, 2014-15 under New Companies Act, 2013.

The below list is not exhausted list and every Company needs to check the applicability of

Microsoft Universal Foldable Keyboard

Microsoft Universal Foldable Keyboard, It is only 5mm thin, lightweight, compact and foldable design lets you easily take it wherever you go so you can get more done on your tablet or smartphone. You can simultaneously pair it with virtually any two mobile devices and then instantly switch between them with a single touch. Designed to work with iPad, iPhone, Android, Windows tablets, and Windows Phone. Water repellent keyset and fabric helps protect against accidents.

Revised KYC norms issued by RBI for accounts of proprietary concerns

Know your Customer (KYC) guidelines - accounts of proprietary concerns http://www.rbi.org.in/scripts/NotificationUser.aspx?Id=9599&Mode=0

Sum paid to consultant-doctor without any stipulation of working hours or leave would attract sec. 194J TDS

IT: Where from contracts, no stipulations regarding working hours, academic leave or attachments had been found which would reveal that consultant doctors were employees of assessee, Tribunal was right in holding that there existed no relationship of employer and employee between assessee and consultant doctors and accordingly, TDS under section

Free WhatsApp voice calling: How to get it on your phone in 2 easy steps

click here to know more

TENDERING AUDIT SERVICES IS A MENACE TO THE CA FRATERNITY

The latest quote price of Rs 2 per month per panchayat at Madhya Pradesh has once again shattered the profession heart & soul. Thank GOD this time, it’s double to 2012 rates, where the lowest tender for primary school audits was Re 1 per school. . Tender

SCOPE AND RELEVANCE OF 'GOVERNMENT' IN SERVICE TAX

As we all know, Service Tax is levied when an activity is carried out by one person for another for a consideration i.e., two persons are involved - a service provider and a service receiver. The term 'person' is defined in clause 37 of section 65B of the Finance Act, 1994 which, inter alia includes

Audit tendering Best Practice from Abroad

FRC has issued PN067: Audit Tenders: Notes on best practice. It offers suggestions to improve the tendering process. It is aimed at FTSE 350 companies but could equally be used as guidance for any tender. The best practice key steps highlighted are:

RELATED PARTY TRANSACTIONS UNDER COMPANIES (COST RECORDS AND AUDIT) RULES, 2014

Form CRA-1 is to be maintained by the companies which are required to maintain cost records. The said form indicates what the particulars relating to the items of costs to be included in the book of

Govt. notifies 'IIT, Varanasi' as scientific research association under Sec. 35(1)(ii)

SECTION 35(1)(ii) OF THE INCOME-TAX ACT, 1961 - SCIENTIFIC RESEARCH EXPENDITURE - APPROVED SCIENTIFIC RESEARCH ASSOCIATIONS/INSTITUTIONS - INDIAN INSTITUTE OF TECHNOLOGY (BHU), VARANASI

NOTIFICATION NO. 22/2015 [F. NO. 203/07/2014/ITA-II], DATED 13-3-2015

It is hereby notified for general information that the organization Indian Institute of Technology (BHU), Varanasi (PAN - AAAJI0396R) has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (said Act), read

refund.pdf

Friday, March 13, 2015

New rates of depreciation under Companies Act,2013

1) Professionals are facing problems in calculating new rates of depreciation under Companies Act,2013

2) To help them , we have calculated new rates of Depreciation under Companies Act based on useful life as provided in the Companies Act, 2013 & 5% residual value: This will be part of book "Company Law Ready Reckoner"

3) Please communicate errors, if any.

SEC. 123 – SCHEDULE –II – PART C OF COMPANIES ACT,2013

USEFUL LIFE OF VARIOUS ASSETS & RATES OF DEPRECIATION UNDER SLM & WDV AS MANUALLY CALCULATED TAKING 5% AS RESIDUAL VALUE

			General Rates		Double Shift		Triple Shift
	Nature of Assets	Useful Life In Years	SLM Rate	WDV Rate	SLM Rate	WDV Rate	SLM Rate	WDV Rate
I	BUILDINGS [NESD]
(a)	Buildings (other than factory buildings) RCC Frame Structure	60	1.58%	4.87%	-	-	-	-
(b)	Buildings (other than factory buildings) other than RCC Frame Structure	30	3.17%	9.50%	-	-	-	-
(c)	Factory buildings	30	3.17%	9.50%	-	-	-	-
(d)	Fences, wells, tube wells	5	19.00%	45.07%	-	-	-	-
(e)	Others (including temporary structure, etc.)	3	31.67%	63.16%	-	-	-	-

Only 3 Documents Needed Now for Imports, Exports

As part of efforts to improve its ranking on 'Ease of Doing Business', India on Thursday reduced the number of mandatory documents required for import and export of goods to three in each case.

The move will also lead to reduction in transaction cost and time. Currently, around 10 documents are

NOTIFICATION NO. 20/2015, DATED: 05-03-2015

Reg: Notification Of Effective Date For Rule 2 Ca And Authorisation Of Prescribed Authority For The Purposes Of Sub-Clause (vi) And Sub-Clause (via) Of Clause (23C)

In pursuance of the provisions contained in sub-clauses (vi) and (via) of clause (23C) of section 10 of the Income-tax Act, 1961 (43 of 1961) read with rule 2CA of the Income-tax Rules, 1962,

PAS - 6
Purpose	Filing of letter of offer with ROC
Attachments	PAS - 4; Format for Letter of Offer PAS - 5; Record of Private Placement Offer Valuation Report
Disclosures	Details of Remun

1425367795.pdf

APPLICABILITY OF SECTION 117 OF COMPANIES ACT, 2013 AND FILING OF e-FORM MGT-14 FOR AMALGAMATION OF COMPANIES

Introduction

Chapter XV if the Companies Act, 2013 deals with the compromises, arrangements and amalgamations. Section 230 provides the power to compromise or make arrangements with creditors and members by the National Company Law Tribunal. The Tribunal may on the application of the company or of any creditor or member of the company, or in the case of company which is

No reassessment after 4 years alleging wrong allowance of exp. if assessee had disclosed all material facts

No reassessment after 4 years alleging wrong allowance of exp. if assessee had disclosed all material facts

IT : Where assessment in case of assessee was completed under section 143(3) wherein assessee's claim for salary paid to partners was allowed, in absence of assessee's failure to

HDFC is conducting a Mega Walkin drive on 13 & 14 Mar, 2015 for CA

HDFC is conducting a Mega Walkin drive on 13 & 14 Mar, 2015

Walk-in directly at the venue and get selected for the best position.

Interview Date: 13th & 14th Mar, 2015
Timing: 10:00 AM - 5 PM

Interview Venue: HDFC Bank Ltd.
H.R.D -9th Floor, I Think Techno Campus - Alpha,

New accounting standards to impact corporates' fund raising strategy

Offshore drilling service provide Aban Offshore would have seen its debt to equity ratio deteriorating to 4.12 if the new accounting standard IND AS was applied on its books in the last financial. The reported ratio for the year was 3.75 as per the existing accounting practices.

Last month, the Ministry of Corporate Affairs notified new accounting standards (IND AS) that are

Appointments Committee of the Cabinet Approves Appointment of Nine Executive Directors in Public Sector Banks

Delhi March 11, 2015 Last Updated at 00:20 IST

The Appointments Committee of the Cabinet (ACC) has approved the appointments of following nine Executive Directors(EDs) in Public Sector Banks(PSBs):

CIT vs. Muzafar Nagar Development Authority (Allahabad High Court – Full Bench)

S. 12AA: Non disposal of an application for registration before the expiry of six months as provided u/s 12AA (2) would not result in deemed grant of registration. Assessee will have to file a Writ to compel CIT to consider application

Providing that an application should be disposed of within a period of six months is distinct from

S. 37(1): principles for deduction of business expenditure reiterated Premier Breweries Ltd vs. CIT (Supreme Court)

S. 37(1): principles for deduction of business expenditure reiterated

The question that was posed by the High Court was whether acceptance of the agreements, affidavits and proof of payment would debar the assessing authority to go into the question whether the expenses claimed would still be allowable under Section 37 of the Act. This is a question which the

Format of Resolution for Alteration of MOA & AOA as per New Companies Act 2013

EXTRACT(S) FROM THE MINUTES OF THE EXTRA-ORDINARY GENERAL MEETING OF THE MEMBERS OF . HELD AT THE REGISTERED OFFICE OF THE COMPANY AT “CENTRE POINT”, 21, HEMANTA BASU SARANI, 2ND FLOOR, SUITE NO. 212, KOLKATA-700 001 ON MONDAY, THE 7^TH DAY OF JULY, 2014 AT 11:30 A.M.

--------------------------------------------------------------------------------------------------------------------------------------

ALTERATION OF OBJECT CLAUSE OF MEMORANDUM OF ASSOCIATION

“RESOLVED THAT pursuant to section 13 and other applicable provision, if any of the Companies Act, 2013,the company by way of a special resolution hereby alters the main Objects Clause of the

Vacancy for CA in Nielsen Research Ltd

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Accountabilities:

• Integrate and support processes that meet business needs across the organization, manage complex issues within functional area of expertise, be involved in long-term planning, and contribute to the overall business strategy
• Analyze and organize data appropriately by anticipating the internal clients expectations and

15 Hangouts In Delhi That College Students Love To Haunt

In every college memory, every piece of gossip and in every rib-tickling moment, resides a café or food joint. Those momos, shawarmas and cups of masala chai have been with us as we conversed about a myriad of topics. To mark their vitality, here are 15 such food joints that every college student


	Business Function
	Small and medium-sized enterprises (SMEs) play a critical role in the economic growth and employment creation of any economy. As an Asia banking specialist with a strong SME banking franchise, our Institutional Banking Group - Enterprise Banking (EB) is committed to supporting SMEs in their growth domestically and in their regional expansion. Backed by a team of product

Requirement	Associate - Merger & Acquisitions - 6067/[2014]
Location
Openings	6	Experience	0.00 to 2.00 years
Education	NA
Skills	Regular articleship plus knowledge of tax

Job Description	Job Profile : PwC’s M&A Tax & Regulatory practice provides end-to-end solutions for different types of domestic and cross-border transactions including mergers, demergers, acquisitions, divestitures, joint ventures, corporate restructuring, inbound and outbound advisory,


However, co-founder of Infosis Nanadan Nilekani and big bull Rakesh Jhunjhunwala have invested
in the company before it gets listed. The duo has invested Rs100 crore in pre-IPO placement, taking
the valuation of the company at Rs6000-6500 crore. 

The founder of D-Mart retail chain and prestigious investor Radhakishan Damani

HSC paper on WhatsApp 30 mins before exam start

MUMBAI: The HSC book-keeping and accountancy paper was 'leaked' at least 30 minutes before it was handed out to examinees on Monday, claimed students. Some sent screenshots of the question

I-T department can probe 16-year-old evasion cases

The Modi government’s comprehensive new law on black money held overseas will allow the tax department to open records as far back as 16 years to unearth evasion and enable prosecution.

Finance Minister Arun Jaitley said in his budget speech that he would introduce the law in Parliament

Why the stock markets will not fall or correct heavily 2014 onwards

The fall of 2007-2008 where markets slumped from highs of 21000 to lows of 8000 was a information hoarding era. This disadvantage was very well used by operators to lure small investors to invest there hard earn money in penny stocks with unimaginable and unbelievable targets of 200 to

Govt to shut down Air India, MTNL, HMT & few sick units

http://www.moneycontrol.com/news/business/govt-to-shut-down-air-india-mtnl-hmtfew-sick-units_1324940.html

Govt to shut down Air India, MTNL, HMT & few sick units Read more at: http://www.moneycontrol.com/news/business/govt-to-shut-down-air-india-mtnl-hmtfew-sick-units_1324940.html?utm_source=ref_article

Apple's 12-inch new MacBook: Apple launches the thinnest and lightest MacBook ever at Rs 99,900 onwards; to go on sale from April 10

http://ibnlive.in.com/news/apples-12inch-new-macbook-apple-launches-the-thinnest-and-lightest-macbook-ever-at-rs-99900-onwards-to-go-on-sale-from-april-10/532975-11.html

Statutory Bank Audit - Strategy

https://au-mg5.mail.yahoo.com/neo/launch?.rand=58d2flamj1d9f#5290361283

Revenue cannot digest the fact that the Commissioner (A) has allowed CENVAT credit in respect of outdoor catering service to the respondent service tax assessee.

Even employees of smaller organization having less than 250 workers will be hungry and be required to be provided with canteen facility - Outdoor catering service is an Input service - Revenue appeal

Assessee not entitled to interest on refund of excess self-assessment tax paid by him, rules Delhi HC

March 3, 2015[2015] 55 taxmann.com 1 (Delhi)

IT : Refund of excess self-assessment paid by assessee would not be eligible for interest under section 244A as the provisions of section 244A would not apply thereto

• The provisions contained in Section 115WJ (Advance tax in respect of fringe benefits), Section 199 (Credit for tax deducted), Section 206C (Profits and gains

IndAS, governance and audit committee

On February 16, 2015, the Ministry of Corporate Affairs (MCA) notified the road map for the implementation of IndAS by companies other than the insurance companies, banking companies and NBFCs. IndAS is the set of Indian Accounting Standards fully converged with International Financial Reporting Standards (IFRS).

In the first phase, companies (listed and unlisted) having net worth of Rs 500 crore or more and their holding, subsidiary, joint venture or associate companies will apply IndAS effective from the financial year commencing on or after April 1, 2016 for the preparation and presentation of financial

Carbon tax facts

The Indian government has made a notable and innovative claim of late, one which might upturn the standard assumptions by which climate-change negotiations are held. It has pointed out that India has moved from a carbon-subsidisation regime to the one where carbon spewing is taxed. This puts India

“Tax offenders cannot approach settlement panel”

Revenue Secretary Shaktikanta Das told The Hindu that the penalty during the compliance window could be lower than 300 per cent — the rate Finance Minister Arun Jaitley had said in his budget

Analysis Deposits.pdf

EMPANELMENT OF MEMBERS TO ACT AS OBSERVERS AT THE EXAMINATION CENTRES FOR THE CHARTERED ACCOUNTANTS EXAMINATIONS MAY / JUNE 2015 OPENED

EMPANELMENT OF MEMBERS TO ACT AS OBSERVERS AT THE EXAMINATION CENTRES FOR THE

One Rupee Note Issued

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Wednesday, March 18, 2015

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Monday, March 16, 2015

Sunday, March 15, 2015

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Saturday, March 14, 2015

Friday, March 13, 2015

Thursday, March 12, 2015

Wednesday, March 11, 2015

Tuesday, March 10, 2015

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Assessee not entitled to interest on refund of excess self-assessment tax paid by him, rules Delhi HC

Monday, March 9, 2015

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