CAclubindia News

AS 30 , AS 31 ... two new accounting standard formulated

28 June 2007 at 01:54

The Accounting Standards Board of the Institute of Chartered Accountant of India, which sets the standard for the country, has formulated two new Standards on Financial Instruments - AS 30 (Financial Instruments: Recognition and Measurement) and AS 3

Posted in Accounts | 7 comments | 80391 Views

Now Company Secretaries can prefix the word CS

27 June 2007 at 03:40

The Council of the Institute (ICSI) in its 173rd meeting held on June 23-24,2007 has decided that a member of the Institute may prefix CS to his name inorder to distinguish himself from other professionals and to create brandimage of the CS professio

Posted in Corporate Law | 7053 Views

Mumbai, a global financial hub?

27 June 2007 at 02:15

Maharashtra become the first Indian state to hold its own investment forum in New York this week, reports CNBC-TV18.Many Mumbaikars say they feel at home in New York, finding common ground in geography, soaring skylines, the daily bustle and of cours

Posted in Community & General | 5394 Views

Taxpayers have no confidence in MFs

26 June 2007 at 08:19

Taxpayers have no confidence in MFsJune, 25th 2007The Indian mutual funds industry may have crossed the Rs 4-lakh-crore mark in assets under management, but still ranks at the bottomof the charts when it comes to gaining the confidence of tax payers.

Posted in Income Tax | 2961 Views

Significant changes in MCA 21 after July 1 2007

26 June 2007 at 00:24

Announcement on Significant changes scheduled to be implemented under MCA-21 with effect from July 1, 2007Sub: Significant changes scheduled to be implemented under MCA-21 with effect from July 1, 2007As you are aware that the Ministry of Corporate A

Posted in Corporate Law | 7527 Views

Whats wrong with the new ITR??

25 June 2007 at 09:15

Para 1 Infact it is tough time for few so called income tax practitionersbecause New ITRS requires the basic knowledge of the Act and accounts. Para 2 It's a myth and sheer ignorance (which again substantiate the para 1 above)&n

Posted in Income Tax | 4437 Views

Clarification on technical issues on service tax

24 June 2007 at 12:00

DRAFT CIRCULARCircular No. / /2007-ST New Delhi, dated - - July, 2007 F.No.354/28/2007-TRUGovernment of IndiaMinistry of FinanceDepartment of RevenueTax Research Unit Sub: Clarification on technical issues relating to scope and classification

Posted in Service Tax | 10335 Views

Procedural issues in Service Tax-clarification reg.

24 June 2007 at 11:58

Draft Circular Circular No. / /2007 New Delhi, the July, 2007 F.No. 137/85/2007-CX.4 Government of India Ministry of Finance Department of Revenue (Central Board of Excise and Customs) *** Subject:- Procedural issues in Service Tax-cl

Posted in Service Tax | 5202 Views

Difficulties being encountered by Goods Transport Operators in complying with the provisions of Service Tax-reg

24 June 2007 at 11:55

F.No. 137/89/2007-CX.4Government of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Excise and Customs)New Delhi, the 11th June, 2007Subject: Difficulties being encountered by Goods Transport Operators in complying with the provisions

Posted in Service Tax | 4734 Views

Tax circular on shares does not provide any objective guidelines

24 June 2007 at 08:07

The Central Board of Direct Taxes (CBDT) recently released a circular containing a set of guiding principles to make a distinction between shares held as stock-in-trade and those held as investment. But the circular appears to fall short of its objec

Posted in Income Tax | 3636 Views