Community & General News

PAN CARD HOLDERS TO PAY MORE FOR COOKING GAS !!

08 September 2007 at 15:07

PAN card holders (income-tax payers) may be in for a shock if this proposal manages to pass the political muster. Consumers of cooking gas, liquefied petroleum gas (LPG), may have to fork out more. The government plans to withdraw subsidies for taxpa

Posted in Community & General | 5928 Views

Asset-liability mismatch norms tightened

06 September 2007 at 13:33

MUMBAI: In a bid to instill more discipline among banks in managing their liquidity, the Reserve Bank of India (RBI) has asked banks not to have a negative gap in their fund outflows for the next day. Negative gap refers to a mismatch in which intere

Posted in Community & General | 3342 Views

EXIT TAX ON GRADUATES IS NOT A GOOD IDEA

06 September 2007 at 11:56

EXIT TAX ON GRADUATES IS NOT A GOOD IDEAThe idea of an exit tax on graduates from India's highly subsidisedinstitutes like the Indian Institutes of Technology and the IndianInstitutes of Management is back on the horizon, with theparliamentary standi

Posted in Community & General | 2922 Views

CA Murdered : President addresses the members

03 September 2007 at 22:00

Myself and the entire membership at large are shocked to read thenews of such a brutal murder of one of our such a young member Mr Paras Dugar from Naharlagun, Arunachal Pradesh.We are not only condemning such a heneous act but are alsogoing to make

Posted in Community & General | 6840 Views

ICAI invites suggestions for Pre-Budget Memorandum 2008

03 September 2007 at 18:33

As you are kindly aware, every year the ICAI submits its Pre-Budget Memorandum to the Government. These suggestions are based on the valuable inputs received from members all over the country. Following are certain broad areas, which have been identi

Posted in Community & General | 2856 Views

ICAI set to make CA registration mandatory

03 September 2007 at 09:35

Don't be surprised if your organisation receives a directive from the Institute of Chartered Accountants of India (ICAI) asking you to verify the membership of your chartered accountant (CA). The ICAI, a statutory body established under the Chartered

Posted in Community & General | 5352 Views

Finance Ministry does capacity building of transfer pricing assessment units

29 August 2007 at 20:45

The Central Board of Direct Taxes (CBDT) has set up five more transfer pricing commissionerates with the objective of augmenting capacity to handle transfer pricing issues that emanate out of increased volume of international transactions from the co

Posted in Community & General | 3057 Views

'internet services' becomes costly for consumers ::

28 August 2007 at 19:07

The government on Saturday reduced the foreign direct investment limit in internet services to 74% from 100% earlier and introduced a 6% revenue share clause that may spell costlier internet services for consumers. In its internet service policy unve

Posted in Community & General | 3165 Views

ULIPs under review with IRDA ::

24 August 2007 at 12:00

The Insurance Regulatory and Development Authority (Irda) is in the process of reviewing the entire range of unit-linked products (Ulips) that are being sold by life insurance companies. According to R Kannan, member (actuary), Irda, the review aims

Posted in Community & General | 2556 Views

First time in India- CA's in politics now!!

23 August 2007 at 17:16

The next time you hear a politician straining his vocal chords at some public forum, rest assured he would be ranting some numbers, figures, growth rates and percentages, besides the usual speech. For, the numeric ammunition will soon be supplied by

Posted in Community & General | 1 comments | 23820 Views