Others News

ICAIs suggestions which have been considered by the Ministry of Finance

28 July 2009 at 12:32

Suggestions with regard to Indirect Taxes given in Post Budget Memorandum accepted in the Budget 2009-10 Sr. No. Particulars ICAI - Suggestion Proposals in B

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Changes made to proposal in Union Budget 2009

28 July 2009 at 10:23

Finance Minister's reply to the debate on Finance (No.2) Bill,2009 in lok Sabha Madam Speaker, at the outset, I would like to thank all the honourable Members who have participated in the discussion on the Finance (No.2) Bill, 2009. I would also

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Quoting PAN compulsory for insurance with premium above 1 lac

27 July 2009 at 10:52

Requirement of PAN for Insurance ProductsCircular No: 021/IRDA/LIFE/PAN/Jul-2009Dated 23-7-2009It has been decided to mandate the requirement of PAN on all high value insurance products. All Insurers are therefore advised to collect PAN from all per

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Cash Withdrawal at Point-of-Sale

23 July 2009 at 11:26

Cash Withdrawal at Point-of-SaleRBI/2009-10/105DPSS.CO.PD.No. 147/02.14.003/ 2009-1022nd July 2009ToAll System Providers (VISA / MasterCard / American Express), All Scheduled Commercial banksDear Sir,Cash Withdrawal at Point-of-Sale (POS)Presently c

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Refrain from sending separate empanelment to NABARD

15 July 2009 at 16:52

As everybody is already aware, National Bank for Agriculture and Rural Development (NABARD) takes panel from the Institute of Chartered Accountants of India for the empanelment of Statutory Auditors of Regional Rural Banks. (RRBs)In this context, it

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Cases referred to the Serious Fraud Investigation Office

13 July 2009 at 12:26

In all, 37 cases were referred to the Serious Fraud Investigation Office (SFIO) during the last three years i.e. during the years 2006-07, 2007-08 and 2008-09.Out of these 37 cases, investigations in respect of 9 cases have been completed. The number

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Professionalism as a Tool to Economic Growth

13 July 2009 at 10:35

Professionalism as a Tool to Economic GrowthCelebrating Sixty year of historic run and this year as ICAI’s Diamond Jubilee Year, The Institute of Chartered Accountants of India (ICAI) organized a Diamond Jubilee Conference for its members with

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Launch of XBRL India Website

13 July 2009 at 10:32

Launch of XBRL India WebsiteXBRL (eXtensible Business Reporting Language) XBRL (eXtensible Business Reporting Language) is a novel way of electronic communication of business and financial data which is revolutionizing business reporting around the w

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Taxing transactions without or inadequate consideration

09 July 2009 at 17:18

Taxation of certain transactions without consideration or for an inadequate consideration as income from other sources Section 56(vi) provide that any ‘sum of money’ (in excess of the prescribed limit of Rupees fift

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Budget aimed at demand led growth - ICSI

08 July 2009 at 10:56

The Institute of Company Secretaries of India (ICSI) welcomes the development oriented budget of the new Government boosting the economy through renewed emphasis on infrastructure, agriculture, rural economy and exports for ‘inclusive gro

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