CAclubindia News

Filing of e-return by Legal Heir (LH) using DSC: Revised Process

30 September 2011 at 18:20

This is regarding cases where the assessee has expired but a return has to be filed by LH using his DSC. Following process is suggested in above regard : The legal heir (LR) has to get a DSC in his own name. LH is required to make a request by

Posted in Income Tax | 2 comments | 9873 Views

CAG of India Appointed External Auditor OF IAEA and WIPO

30 September 2011 at 17:39

The Comptroller and Auditor General of India (CAG) has been appointed as the external auditor of two major UN organizations - the International Atomic Energy Agency (IAEA), Vienna and World Intellectual Property Organization (WIPO), Geneva. Both t

Posted in Audit | 4 comments | 10482 Views

Proposed Amendment of the Articles of Agreement of the International Monetary Fund on Reform of the Executive Board approved

30 September 2011 at 15:02

The Union Cabinet today gave its approval to certain amendments to the IMF`s Articles of Agreement on Reform of the Executive Board of the IMF. The amendments are part of a package of reforms on quotas and governance in the IMF. Along with the rec

Posted in Others | 4215 Views

Registration of Certified Filing Centres (CFC)

30 September 2011 at 14:38

Requests including from Professional Institutes have been received seeking re-opening the registration process of CFCs and allow enrolment of more CFCs so that the involvement of professionals in XBRL and peak filing can be expanded to a large exten

Posted in Corporate Law | 2 comments | 5817 Views

ICWAI - President Communique for October, 2011

30 September 2011 at 10:42

Action may not always bring happiness...but there is no happiness without action. - Benjamin Disraeli Dear Professional Colleagues, We are approaching the festive season, which brings joy to the millions of lives in our country. Celebrated in all

Posted in Others | 6147 Views

Finance Ministers Statement on 2G Note

30 September 2011 at 10:00

The following is the text of the Finance Minister, Shri Pranab Mukherjees statement, made here today: A number of stories on 2G Spectrum had appeared in the media in January 2011. A view was taken that a harmonized note based on fact

Posted in Others | 1 comments | 4539 Views

Procedure for electronic filing of Central Excise and Service Tax returns and for electronic payment of excise duty and service tax

29 September 2011 at 17:17

Circular No. 956/17/2011-CX F.No. 201/10/2011-CX 6 Government of India Ministry of Finance Department of Revenue (Central Board of Excise and Customs) New Delhi Dated, the 28th September,2011 To All Chief Commis

Posted in Excise | 8 comments | 21879 Views

Attempt to defraud using fake bank guarantee-modus operandi

28 September 2011 at 13:10

RBI/2011-12/206 DNBS(PD).CC. No.245 /03.10.42 /2011-12 September 27 , 2011 All Non Banking Financial Companies / Residuary Non Banking Companies Dear Sir, Attempt to defraud using fake bank guarantee-modus operandi Instances of fraud have been bro

Posted in Others | 6333 Views

IRCS to Get benefits under Income Tax Act

27 September 2011 at 17:08

The Union Health Minister and Chairman of Indian Red Cross Society and St John Ambulance (India), Shri Ghulam Nabi Azad today presided over the General Body meeting of the two organizations on behalf of the President of India Smt. Pratibha Devisingh

Posted in Income Tax | 7044 Views

Union Finance Minister's Address to BRICS

23 September 2011 at 17:13

Following is the Text of the address delivered by Union Finance Minister Shri Pranab Mukherjee at the BRICS Finance Ministers Meeting in Washington DC, yesterday: “We are meeting here at the time when global economic growth seems to be losi

Posted in Others | 3801 Views