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ICAI - President's Message - December 2014
29 November 2014 at 11:13Dear Professional Colleagues, We are what we repeatedly do. Excellence, therefore, is not an act, but a habit, rightly said Aristotle, which is worth taking note by all of us. I believe that akin to our profession, excellence is a never
Expert Committee Constituted to Review E-Forms in Companies Act
27 November 2014 at 11:34Expert Committee Constituted to Review E-Forms in order to Simplify Procedures for Stakeholders Under the Companies Act The Government has recently constituted an Expert Committee to review e-forms and other overall filing process, in order to simpl
Implementation of New Accounting Standards
27 November 2014 at 11:34In accordance with the announcement in the Budget Speech 2014-15, the Indian Accounting Standards (Ind-AS), based on the International Financial Reporting Standards (IFRS), will be notified for voluntary adoption from the financial year 2015-16 and m
Procedure of service tax refund/exemption to SEZ notification
27 November 2014 at 11:34F.No.B1/6/2013-TRUGovernment of IndiaMinistry of FinanceDepartment of RevenueTax Research UnitNorth Block, New Delhi25th November, 2014To,Chief Commissioners of Central Excise and Service Tax (All),Commissioners of Service Tax (All),Commissioners of
ICAI President appointed as IFAC board member
24 November 2014 at 18:59CA.K.Raghu, President, The Institute of Chartered Accountants of India (ICAI) has been appointed as the Board Member of International Federation of Accountants (IFAC) at the IFAC Council Meeting held at Rome, Italy in November, 2014. IFAC is a global
Acquisition/Transfer of Immovable property Payment of taxes
21 November 2014 at 11:31RBI/2014-15/307A.P. (DIR Series) Circular No. 38 ToAll Category I Authorised Dealer BanksMadam/ Sir,Acquisition/Transfer of Immovable property Payment of taxes Attention of Authorised Dealers in Foreign Exchange is invited to Foreign
Levy of penal charges on non-maintenance of minimum balances in savings bank accounts
21 November 2014 at 11:31RBI/2014-15/308DBR.Dir.BC.No.47/13.03.00/2014-15 All Scheduled Commercial Banks(Excluding RRBs) Dear Sir/Madam Levy of penal charges on non-maintenance of minimum balances in savings bank accounts Please refer to our circular DBOD.Dir.BC.53/13.10.00/
ICSI Convocation-2014
21 November 2014 at 11:30ICSI Convocation-2014 for awarding the certificate of membership to the Associate members admitted from 1st April, 2014 to 30th September, 2014 and to award prizes/medals to meritorious students (National) and winner students of national level compet
FM asks bankers to work in professional manner
21 November 2014 at 11:30Finance Minister asks the Bankers to Work in a Professional Manner Without any Fear or Favour ;FM Directs Bankers to Increase flow of Credit to Various Sectors and take Steps to Reduce their NPA; Says That Global Growth is Patchy but Foreign Investor
Clarification on insider trading by SEBI
20 November 2014 at 12:40SEBI Board Meeting The SEBI Board met in Mumbai today and took the following decisions: (I) SEBI (Prohibition of Insider Trading) Regulations, 2014 (1) Two decades had passed since the SEBI (Prohibition of Insider Trading) Regulations, 1992 were n
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