CAclubindia News

Measures initiated by ICAI for revisiting AS 11

09 April 2009 at 11:33

Measures initiated by ICAI for revisiting Accounting Standard (AS) 11, The Effects of Changes in Foreign Exchange RatesCA. Uttam Prakash Agarwal, President, The Institute of Chartered Accountants of India (ICAI) re-iterated the Institute's desire

Posted in Accounts | 1 comments | 23088 Views

Peer review for audit firms of Listed Company

08 April 2009 at 14:35

Members may be aware that the Council had accepted the recommendation of Securities & Exchange Board of India (SEBI) that audit of listed companies shall be carried out by the auditors who have undergone Peer Review Process and have been issued P

Posted in Audit | 30594 Views

ICAI Interrogates Satyam Auditors and CFO

08 April 2009 at 13:48

CFO ADMITS HIS ROLE IN FALSIFICATION OF ACCOUNTSIn terms of directions of the CBI Court, Hyderabad allowing members of the High Powered Committee of the Institute of Chartered Accountants of India to examine and record statements of the three accused

Posted in Career | 1 comments | 11265 Views

Mutual recognition agreement with CPA Australia

08 April 2009 at 13:27

The Institute of Chartered Accountants India has entered into mutual recognition agreement (MRA) with CPA Australia to establish guidelines on how qualified members can gain reciprocal membership. CPA Australia members who qualify fo

Posted in Career | 1 comments | 12336 Views

New Income Tax Return Forms are Notified for A.Y.2009-10

06 April 2009 at 07:09

The CBDT has notified new Income Tax Forms for F.Y. 2008-09 | A.Y. 2009-10. via vide notification No. 32/2009 (Income-tax 9th Amendments) Rules, 2009.New ITR Forms Form ITR 1, Form ITR 2, Form ITR 3, From ITR 4, Form ITR 5, Form ITR 6, Form ITR 7, Fo

Posted in Income Tax | 19 comments | 43335 Views

LLP begin its journey from 01.04.2009

04 April 2009 at 22:36

A corporate business vehicle that enables professional expertise and entrepreneurial initiative to combine and operate in flexible, innovative and efficient manner, providing benefits of limited liability while allowing its members the flexibility or

Posted in Corporate Law | 19776 Views

Banking cash transaction tax abolished

03 April 2009 at 13:09

Taxpayers will not have to pay the levy on withdrawal of cash from banks with the government withdrawing the Banking Cash Transaction Tax (BCTT) from Wednesday. The government had introduced 0.1 per cent BCCT in 2005 on cash withdrawals of more

Posted in Taxpayers | 9 comments | 48591 Views

Applicability of Form No.17

03 April 2009 at 11:20

After amending the rules relating to Tax Deduction at Source (TDS) and Tax Collected at Source (TCS), the Central Board of Direct Taxes (CBDT) has said that the new Form No.17 (the challan for payment of TDS and TCS) will be applicable only for

Posted in Income Tax | 15 comments | 58578 Views

AS 11 amended

03 April 2009 at 10:30

Accounting Standard-11 relating to “The Effects of Changes in Foreign Exchange Rates” earlier prescribed under the Companies (Accounting Standards) Rules 2006 has been now amended by the Central Government, in terms of the powers conferre

Posted in Accounts | 8 comments | 47565 Views

A critical factor for auditors to perform quality audit

02 April 2009 at 11:11

Time frame for conducting bank branch statutory audit assignment - A critical factor for auditors to perform quality auditAfter Satyam episode, we have a mammoth responsibility in the area of trust building that urges the members of the profession to

Posted in Audit | 1 comments | 13821 Views