CAclubindia News

Clarification of amendment in Penalty for concealment provisions

16 March 2008 at 23:14

In view of the apprehension raised on the retrospective amendment to section 271 of the Income-tax Act, proposed in the Finance Bill, 2008, empowering the assessing officer to, inter-alia, levy penalty in case of concealment of income, the Ministry o

Posted in Income Tax | 4512 Views

Financing of LOAN WAIVER

16 March 2008 at 11:11

FINANCING THE FARM LOAN WAIVER PACKAGE 18:59 ISTFollowing is the text of the statement on Financing the Farm Loan Waiver Package made by Finance Minister Shri P. Chidambaram in Lok Sabha today.1. In my budget speech before the House, I had an

Posted in Income Tax | 3810 Views

Auditors recommended for appointment in Public Sector Bank 07 08

14 March 2008 at 19:12

Satutory Branch Auditors recommended for appointment in Public Sector Bank 07-08Information relating to allocation of auditors/audit firms to various public sector banks for the year 2007-08 is hosted on the web-site of RBI. While forwarding names of

Posted in Audit | 9438 Views

The Next-may be Biometric PAN cards

14 March 2008 at 11:46

Security concerns and duplication of the PAN cards are reasonswhich have prompted the government to look at introducing biometric PANcards. The government is worried that terrorists can easily get a PANcard and open bank accounts or get a mobile conn

Posted in Income Tax | 2 comments | 5874 Views

ICAI plans to create country's largest online test platform

12 March 2008 at 18:57

The Institute of Chartered Accountants of India (ICAI) is set torevolutionize its examination system for students. The objective partof the common proficiency test (CPT), read entrance exam, will beconducted online. Not only that, it can be taken any

Posted in Career | 2 comments | 5052 Views

No Charge for Balance Enquiry through ATM

12 March 2008 at 12:33

RBI/2007-2008/260DPSS No.1405 / 02.10.02 / 2007-2008March 10, 2008The Chairman / Chief Executive Officer(All Scheduled commercial banks including RRBs)Dear SirCustomer charges for use of ATMs for cash withdrawal and balance enquiry1.Automated Teller

Posted in Others | 3 comments | 5886 Views

Guidance note on audit of Bank

12 March 2008 at 11:22

GUIDANCE NOTE ON AUDIT OF BANKS (2008 Edn.)We are pleased to inform that a revised 2008 Edition of the Guidance Note on Audit of Banks has been released.The 2008 edition of the Guidance note has been divided into four distinct parts.Part I - Banking

Posted in Audit | 1 comments | 15264 Views

CA Job Corner.. A platform for interaction between industry and CAs

11 March 2008 at 14:01

Consideringthe overwhelming response that we have got for Article Trainee Corner.. CAclubindia launches a platform for interaction among Industry andChartered Accountants "CA Job corner"Click here to access the sameFeedback and Opinions are wel

Posted in Others | 1 comments | 4929 Views

I-T to Become Expeditious

08 March 2008 at 17:24

I-T to Become Expeditious After escorting in e-filing, the government is now set to revolutionize processing of returns. Jurisdiction-free processing of income-tax returns could be a reality soon, with the Finance Bill authorising the gove

Posted in Income Tax | 5130 Views

At Last Breather for CFA US.

04 March 2008 at 17:00

As you know, because the CFA Program is not registered with the AICTE, CFA Institute has not been accepting CFA Program registrations from within India. Earlier this month, we met with the AICTE in order to understand our options, and we have now sub

Posted in Others | 1 comments | 7800 Views