Community & General News

CBDT PAVES WAY FOR SHORT SELLING OF SHARES !

19 August 2007 at 23:07

The Central Board of Direct Taxes (CBDT) has clarified that lending and borrowing of shares for short selling in equities will not attract capital gains tax. With this clarification one of the important hurdles in the way of permitting short selling

Posted in Community & General | 2697 Views

BAN ON 'ULIP'.....!

19 August 2007 at 07:20

The Insurance Regulatory and Development Authority of India (IRDA) has banned unit-linked insurance plans (ULIPs) in which charges are based on a complex structure, making it difficult for policyholders to comprehend. Such products in insurance parla

Posted in Community & General | 3189 Views

RBI considering the 'plastic' for the use of printing currency!

19 August 2007 at 00:04

The Reserve Bank is considering the use of long-lasting and more durable plastics for printing currency notes, to replace paper notes that have a shorter life. "The bank is deliberating upon the option of bringing in plastic currency which can be a m

Posted in Community & General | 2340 Views

Happy Independence Day!!!

14 August 2007 at 13:41

CAclubindia.com wishes all its members a very Happy Independence Day!!!!

Posted in Community & General | 2919 Views

Auditors - Credit risk recognition

14 August 2007 at 03:27

Auditors are preparing for particularly careful scrutiny of companies' assumptions about valuation and the risks posed to their businesses in the light of current market volatility.Two of the Big Four UK accountancy groups have issued internal memos

Posted in Community & General | 3597 Views

Supreme Court on 'bank guarantees' & 'letter of credit' !

10 August 2007 at 06:12

In a significant ruling, the Supreme Court has laid down guidelines for encashment of bank guarantee or letter of credit. A bench comprising justice Tarun Chatterjee and justice PK Balasubramanyan said, "We find that the following principles should b

Posted in Community & General | 9192 Views

Now PAN card might be compulsory for all bank transaction

10 August 2007 at 04:14

Another step to curb black money transactions. Inanother step to keep closer tabs on financial transactions and curb black moneytransactions, the government is planning to make quoting the permanent accountnumber (PAN) mandatory for all transaction

Posted in Community & General | 4587 Views

Vision-2021,ICAI

02 August 2007 at 11:34

A comprehensive Vision Document titled `ICAI Vision for the 21st Century' was released in 2002; comprising detailed vision and restructuring business plan for the Institute and the profession keeping 2010 as target year. Since then, the world economy

Posted in Community & General | 4815 Views

Life & taxes....

17 July 2007 at 11:45

Loss of a dear one leaves a void that cannot be filled. The familybesides being emotionally disturbed, is also at loss on financial front,especially if that individual is the sole/main earning member of the family.Often the family receives one or mor

Posted in Community & General | 4482 Views

COMPULSORY ' INSURANCE ' FOR NEW BUILDINGS--PROPOSED !

14 July 2007 at 23:42

NEW DELHI, JUL 13: The government is planning to make home insurance mandatory for developers to ensure that buildings are structurally sound enough to withstand earthquakes and fire. According to government sources, a clause to this effect will be

Posted in Community & General | 4020 Views