CAclubindia News

ICWA enters into MOU with IMA USA

01 May 2009 at 11:28

The Institute of Cost and Works Accountants of India (ICWAI) entered into a Memorandum of Understanding (MOU) with the Institute of Management Accountants (IMA), USA here today. This will enable mutual recognition and cooperation between the two ins

Posted in Career | 5 comments | 24066 Views

Notices issued to 12 Indian CA firms

30 April 2009 at 16:13

The High Powered Committee of ICAI issued notices seeking certain information to 12 Indian Chartered Accountant firms having affiliation with international entitiesThe Institute of Chartered Accountants of India (ICAI) set-up by an Act of Parli

Posted in Others | 13 comments | 47004 Views

Extension of due date for completion of 100 Hours IT training

29 April 2009 at 10:35

Removing difficulties being faced by the students for successfully completing 100 Hours Information Technology Training before the commencement of June, 2009 Professional Competence Examination It has been brought to the notice of Board of Studi

Posted in Students | 6 comments | 19200 Views

Tax on fees for technical services in secondments an enigma

28 April 2009 at 13:47

Authorities have looked at different aspects to decide on the taxability of remittance made Author : Sandeep Ladda & Kapil Sirsalewal/DNAThe opening of the Indian economy has witnessed an exponential growth in investment by foreign companie

Posted in Taxpayers | 1 comments | 33510 Views

Extension of benefit of enhanced depreciation

27 April 2009 at 13:23

Extension of benefit of enhanced depreciationPress Release No. 402/92/2006-MC (10 of 2009)Dated 24-4-2009The benefit of enhanced depreciation on commercial vehicles has been extended up to 30th September 2009. Now, commercial vehicles acquired on or

Posted in Income Tax | 2 comments | 23166 Views

Mandatory application of Cost Accounting Standards

24 April 2009 at 14:13

The Council of the ICWAI at its 251st Meeting held on 12-13 February 2009 decided as below:Mandatory application of Cost Accounting Standards“RESOLVED THAT the following Cost Accounting StandardsCAS 1: Classifications of CostsCAS 2: Capacity De

Posted in Accounts | 10 comments | 31170 Views

SC upholds Sebi supremacy over unregistered cos

22 April 2009 at 16:10

Author : Rakesh Bhatnagar/DNASays SAT has no discretionary power on issues under Sec 12(1) of Sebi ActThe Securities and Exchange Board of India (Sebi) won a crucial judgment in the Supreme Court against the Securities Appellate Tribunal (SAT), which

Posted in Corporate Law | 11313 Views

Service Tax on Commercial Rent Held Unconstitutional

21 April 2009 at 12:44

The Delhi High Court has struck down the levy of service tax on rentingof immovable property as "unconstitutional", while deciding 26 writ petitions of different petitioners, by a combined order. The division bench of the Delhi High Court c

Posted in Service Tax | 18 comments | 50325 Views

Study circle formed for members in industry

19 April 2009 at 00:39

ICAI moves closer to its Members in Industry. Formation of Study Circles for Members in Industry ICAI has achieved recognition as a premier accounting body not only in the country but also globally, for its contribution in the fields of education, pr

Posted in Career | 10209 Views

Specimen Multipurpose Empanelment Form 2009-10

19 April 2009 at 00:28

Specimen Multipurpose Empanelment Form 2009-10Professional Development Committee (PDC) is pleased to host the thoroughly revamped Multipurpose Empanelment Form (MEF) for the year 2009-10. The new form has been comprehensively revised to make it user

Posted in Audit | 3 comments | 15582 Views