CAclubindia News

Net Direct Tax Collections During April-August 2012-13 Up by 28.15 Per Cent and Stood at Rs.1,23,969 Crore as Against Rs. 1,54,361 Crore in the Same Period Last Year

10 September 2012 at 17:25

Gross Direct Tax collections during April-August of the F.Y. 2012-13 was up by 6.51 per cent at Rs. 1,64,413 crore as against Rs. 1,54,361 crore in the same period last year. While gross collection of Corporate Taxes showed an increase of 0.15 per

Posted in Income Tax | 1 comments | 6366 Views

Exclusion of certain topics from the Paper-7A/6A of IPCC/PCC - Information Technology from November, 2012 examination and onwards

08 September 2012 at 13:43

This is to inform all students that while reviewing topics included in the Paper-7A/6A of IPCC/PCC - Information Technology, it is observed that some of the topics are not at all relevant in the present day context and thus it has been decide

Posted in Students | 14 comments | 37938 Views

Non-applicability of taxable services in PCE-Paper 5: Taxation, IPCE-Paper 4: Taxation and Final-Paper 8: Indirect Tax Laws for November, 2012 examinations

08 September 2012 at 13:43

The Examination Committee at its 497th meeting held in September, 2012 has decided that students appearing in November 2012 examinations will not be examined with respect to specific services in the area of service tax laws in the following papers

Posted in Students | 30 comments | 25224 Views

Mandatory E-Payment of Customs Duty

07 September 2012 at 17:38

E-payment facility at Customs locations was introduced in 2007 and is available through more than one authorized bank at all major Customs locations having ICES facility. Though voluntary, the facility has been used by numerous importers. Besides

Posted in Custom | 13107 Views

Assessment of Black Money Parked Abroad by Indian

07 September 2012 at 11:31

In order to find out the quantum of black money parked by Indians in the country and abroad and to recommend ways to deal with the problem of black money Government had entrusted this work to three institutions in March, 2011. The names of the i

Posted in Others | 4 comments | 9324 Views

IT Platform to Integrate Central and State Indirect Taxes Regime

07 September 2012 at 11:29

The Government has approved a proposal to set up an IT platform to integrate Central and State indirect tax regime in the context of implementation of Goods and Services Tax (GST) in the context of implementation requires a strong IT Infrastructur

Posted in Service Tax | 2 comments | 7335 Views

Multilateral Convention in Tax Matter

07 September 2012 at 11:29

India signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters (Multilateral Convention) on 26th January, 2012 and ratified it as on 2nd February, 2012. The Multilateral Convention has come in to effect for India on 1s

Posted in Income Tax | 5541 Views

Violation of Accounting Principles u/s 211, 227 and 233

07 September 2012 at 10:37

The Government is aware that violation of accounting principles and financial irregularities are being carried out by various companies and their audit firms. During the last three years, 316 companies and 73 audit firms were found guilty of viola

Posted in Corporate Law | 9588 Views

Misuse of Public Issue Funds u/s 62, 63, 68 and 628 of the Companies Act, 1956

07 September 2012 at 10:37

A number of complaints are received by the Government against companies involved in misuse of public issue funds relates to misuse by way of diversion of funds, non-fulfillment of terms and conditions for the completion of the projects as per the

Posted in Corporate Law | 12195 Views

ICAI Committee

07 September 2012 at 10:36

The Institute of Charted Accounts of India (ICAI) has not constituted any high powered committee to look into the entire gamut of financial reporting etc. Out of the 171 Indian Chartered Accountant (CA) Firms who have reported to the High Powere

Posted in Corporate Law | 6183 Views