Forms to be authorized by CA on www.incometaxindia.gov.in

Chartered Accountant

Who all pertain to this category

"Chartered Accountant" means a person who is a member of the Institute of Chartered Accountants of India (ICAI) constituted under the Chartered Accountants Act, 1949 (38 of 1949).

CA is required to verify and authorize various statutory Income Tax Forms under the Income Tax Law.

CA is a user only to upload Forms other than ITRs

Forms to be authorized by CA
Form Name	Description
Form 3CA	Audit report under section 44AB of the Income-tax Act, 1961, in a case where the accounts of the business or profession of a person have been audited under any other law - Certificate of Audit from CA obtained by the assessee whose Income from Business is more than INR 60 Lakhs or Income from Profession is more than INR 15 Lakhs for Companies

Foreign Company Registration FAQ

Q: The Principal Contact is a Foreigner/Non-resident and does not have a PAN and hence, not able to register in
the new e-Filing Application. What should be done?

A: As per CBDT guidelines, Foreigners without PAN is allowed to be an authorized signatory and can file on
behalf of the Company/Firm without a PAN encrypted DSC. The assessee Company is required to send an email
to efilinghelpdesk@incometaxindia.gov.in mentioning details such as Name of the Company, PAN of the
Company, Date of Incorporation, Name of the Principal Contact and DOB of the Principal Contact.

Elections 2012 – Counting of Votes

Madam/Dear Sir,

Sub : Elections 2012 – Counting of Votes

I wish to inform you that as per election programme approved by the Council, the counting of votes for election to the twenty second Council and twenty first Regional Councils will commence from 19th December, 2012. The venue for the Counting will be Institute’s premises at ICAI Bhawan, A-29, Sector 62, NOIDA – 201 309. The counting will start at 10.00 A.M. on each day and will continue till 5.30 P.M. or even beyond that time so that the entire process of counting of votes is completed and the results are

Man attacks CA student mistaking her for estranged wife

Man stabbed a final-year student of chartered accountancy mistaking her to be his estranged wife.
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MUMBAI: Matunga police arrested a farmer from Ratnagiri for allegedly stabbing a final-year student of chartered accountancy on Monday. Sonal Lapashiya (25) was attacked at around 8.45am when she was standing at a bus stop near Swami Narayan Mandir in Dadar (east), allegedly by Vijay Sangelkar (35), who mistook her to be his estranged wife.

SNK Newsletter December 2012

SNK Newsletter- December 2012.pdf

Finance Ministry withdraws search, seizure powers of new criminal IT wing

New Delhi: The elite criminal investigation wing of the Income Tax department, which conducted a number of high-profile actions including raids on liquor baron Ponty Chadha, has been disallowed to carry out any search or seizure operations by the Finance Ministry henceforth.

ICAI team probing land purchase in city on December 20 - The Times of India

> http://timesofindia.indiatimes.com/city/nagpur/ICAI-team-probing-land-purchase-in-city-on-December-20/articleshow/17644173.cms

S. 14A Does Not Apply To Shares Held As Stock-in-trade: ITAT Ahmedabad Ethio Plastics Pvt. Ltd vs. DCIT (ITAT Ahmedabad)

The assessee received Rs. 59 lakhs as tax-free dividend. It claimed that no disallowance u/s 14A could be made as it was a dealer in shares and the shares were held as stock-in-trade. The AO & CIT(A) relied on Daga Capital Management Services 119 TTJ (SB) 289 (Mum) where it was held that s. 14A applied also to shares held as stock-in-trade and made a disallowance of Rs. 37 lakhs. On appeal by the assessee to the Tribunal, HELD allowing the appeal:

As the assessee is engaged in the business of dealing in shares and the shares were held as stock-in-trade, the intention of the assessee was not to earn dividend income. As the dividend received was incidental to the business of sale of shares, no notional expenditure could be disallowed by invoking s. 14A (CCI Ltd 71 DTR 141 (Kar) & Apoorva Patni (ITAT Pune) (included in file) followed

See also India Advantage Securities (ITAT Mum) where the same view was taken after considering the contrary view in American Express Bank (ITAT Mum) & Daga Capital 119 TTJ (SB) 289 (Mum)


(Click Here To Read More)

Delhi high court latest inpterpretation of section 153A in writ (punitive costs 75,000 imposed on assessee writ petitioner) Mr MADUGULA VENU (14/12/2012 order)

Gist of the order

Section 153A of the Act was introduced by the Finance Act, 2003 w. e. f. 01.06.2003 and it provides for assessment in the case of search or requisition. It is mandatory for the assessing officer, whenever there is a search under section 132, to issue notice to the person searched requiring him to furnish the returns of income for the six assessment years immediately preceding the assessment year relevant to the previous year in which the search was conducted. Once the returns are filed, the assessing officer shall assess or reassess

The Willingdon Sports Club Requires Chartered Accountant

Chartered Accountant
Age about 30 years.

Conversant with TALLY ERP. Experienced in handling Direct/Indirect Tax Matters. Familiar with e-filing of returns, e-payments, RTGS/NEFT. Capable of generating timely information reports, working capital management, treasury management, maintaining Assets Register etc.
Experience: 3 to 5 years of post qualification experience.
Location: Mumbai (Bombay)
Interested candidates may submit their application with resume within 15 days. Address:

Required CS Location: Banglore

Required CS
Location: Banglore
Experience: 2Years

A Walk‐in‐interview will be conducted for the post of Consultant for the copyright office, Ministry of HRD

A Walk‐in‐interview will be conducted for the post of Consultant for the copyright office, Ministry of HRD, having its office at 4th Floor, Jeevandeep Building, Parliament Street, New Delhi.

The appointment shall be purely on contractual basis. The interview is scheduled to be held on 20.12.2012 at 2:00 PM onwards at the following address:

Need a C.S. trainee

Need a C.S. trainee... Interested candidates may send their resume on

Two CS trainees are required at Trivandrum

Two trainees are required at Trivandrum. Those who are interested, please send your resume to

KCA study circle is planning to do the following educational programmes in the month of December-2012

Greetings from the team of KCAS study circle of CIRC of ICAI (The study circle) towards a prosperous new year in advance.

The study circle is planning to do the following educational programmes in the month of December-2012:

IFAC CEO Ian Ball Named a Top Ten in Accounting

IFAC CEO Ian Ball Named a Top Ten in Accounting
Dec 13, 2012
IFAC Chief Executive Officer Ian Ball has been named one of the top ten influencers in the accounting profession by International Accounting Bulletin. "Under Ball's leadership IFAC has put public sector financial reporting at the top of its agenda in the past year particularly as the sovereign debt crisis has become more prevalent. Ball has urged the G20 to take action against current inconsistent and unreliable reporting."

A CA member suspended for being negligent

Not only 'gross negligence', but 'due diligence' is equally relevant and important criterion in measuring and determining "professional misconduct" in case of a Chartered Accountant.
>
> In the instant case, the petitioner, a practicing CA, was aggrieved by two concurrent orders passed by disciplinary and appellate committee whereby punishment of removal of petitioner's name from the register for a period of 1 year was imposed and confirmed. The above order was passed on the basis of following reasoning:

FDI IN REAL ESTATE BY AUTOMATIC ROUTE

Press Note 2 dated March 3, 2005 specifies the guidelines regarding the size of the project, amount of investment, repatriation of funds, and other matters. As per the said guidelines, minimum area to be developed under each project has been fixed at land area of 10 hectares for development of serviced housing plots, and built-up area of 50,000 square meters for construction-development projects, and fulfillment of any one of the said two conditions in case of a combination project.

Last date for App. to regularize existing Marriage places is 20.12.2012

Performing IS Audit of its CBS Data Centre, DRS, PG etc of Allahabad Bank

Allahabad Bank
Last Date : 17/12/2012
Performing IS Audit of its CBS Data Centre, DRS, PG etc

Address: Allahabad Bank is cell,Inspection Department,Head Office 2,N,S,Road,Kolkata-700001
Phone:
Email: