CAclubindia News

Income-tax deduction from salaries during the financial year 2011-2012 under section 192

23 August 2011 at 15:43

CIRCULAR NO 05/2011 Dated: August 16, 2011 Reference is invited to Circular No.08/2010 dated 13.12.2010 whereby the rates of deduction of income-tax from the payment of income under the head "Salaries" under Section 192

Posted in Income Tax | 1 comments | 132531 Views

Non-inclusion of audits under sections 44AD, 44AE and 44AF in the "specified number of tax audit assignments"

23 August 2011 at 13:01

Clarification regarding non-inclusion of audits conducted under sections 44AD, 44AE and 44AF in the specified number of tax audit assignments In order to clarify the doubt raised by majority of members in respect of inclusio

Posted in Audit | 1 comments | 19869 Views

ICWAI Final, Inter and CAT II Result announced

23 August 2011 at 11:32

ICWAI Final, Inter & CAT II Result announced on August 22, 2011. Please click on this link for results: http://exam.icwai.org/exam/students-result.asp ..

Posted in Students | 4 comments | 22149 Views

Common Admission Test for All Degree Courses

20 August 2011 at 10:58

While it is ideal to have a unified admission test for admission to higher education for all students, it is a great challenge, considering the huge diversity of education systems in the country. The underlying principle for having such a common a

Posted in Others | 4 comments | 15888 Views

Repo and Reverse Repo Rates Increased by Reserve Bank of India from Time To Time To Contain Inflation

20 August 2011 at 10:23

The Reserve Bank of India (RBI) has increased the repo and reverse repo rates from time to time to contain inflation and anchor inflationary expectations. The following table captures the movement in repo and reverse repo rate since April 2010:

Posted in Others | 8943 Views

Inauguration of Residential Quarters-cum-guest House by Honorable Finance Minister

19 August 2011 at 15:54

Shri Pranab Mukherjee Hon’bl Finance Minister Govt of India inaugurated the Residential Quarter-cum-Guest House ‘Aayakar Abasan’ at Siliguri West Bengal on 13.08.2011 in the August presence of Shri M.C.Joshi Chairman CBDT and B.S.

Posted in Others | 4167 Views

Valuation Professionals Bill

18 August 2011 at 16:38

The report submitted by the Expert Group on Valuation Professionals Bill including the comments received in this regard from the stakeholders are under consideration of this Ministry and No definite time frame can be given at this stage. This

Posted in Corporate Law | 13950 Views

Competition Commission of India : Composition and functions

18 August 2011 at 16:38

The Competition Commission of India has been constituted under Section 7 of the Competition Act, 2002 as amended in 2007. The Competition Commission of India consists of a Chairperson and not less than two and not more than six other Members. Un

Posted in Corporate Law | 6120 Views

Cases of corporate frauds

18 August 2011 at 16:31

There is no verified information available to suggest that the cases of corporate frauds are on the increase. Number of prosecutions filed for the violations of the provisions of the Companies Act, 1956 for the last three years

Posted in Corporate Law | 8067 Views

Limited Liability Partnership Rules

18 August 2011 at 16:28

The Limited Liability Partnership Rules, 2009 were notified on 01.04.2009. As on 08-08-2011, 5883 LLPs are registered all over India. The Limited Liability Partnership (LLP) is an alternative corporate business vehicle that provides the benefi

Posted in Corporate Law | 2 comments | 10458 Views