CAclubindia News

Delay in Implementation of IFRS

19 March 2012 at 17:46

Keeping in view the consultation held with various stakeholders on certain issues including tax related issues, it was decided to implement convergence of Indian Accounting Standards with International Financial Reporting Standards (IFRS) in a pha

Posted in Accounts | 3 comments | 21495 Views

Corporate Houses Found Involved in Various Scams During the Last Three Years

19 March 2012 at 17:46

Corporate Houses found to have prima facie violated provisions of the Indian Penal Code can be regarded as being ‘involved in scams’. As per investigation reports received in the Ministry, 21 Companies fall in this category. List of su

Posted in Corporate Law | 3288 Views

ICSI welcomes the Union Budget for the year 2012-13

19 March 2012 at 16:20

THE INSTITUTE OF COMPANY SECRETARIES OF INDIA (ICSI) WELCOMES THE UNION BUDGET 2012-13

Posted in Others | 8832 Views

ICSI - Highlights of the Union Budget 2012-13

19 March 2012 at 16:17

ICSI - Highlights of the Union Budget 2012-13

Posted in Others | 2 comments | 13128 Views

Budget Aims at Creating Enabling Atmosphere for All Sections

17 March 2012 at 13:05

Baggage Allowance Increased in the Budget Presenting the Union Budget 2012-13 in the LokSabha today, the Union Finance Minister ShriPranab Mukherjee has proposed to increase the duty-free baggage allowance for eligible passengers of Indian origi

Posted in Others | 5613 Views

Efforts to Arrive at a Broad Based Consensus on Allowing FDI in Multi-Brand Retail Trade Up to 51%

17 March 2012 at 13:04

Government is making efforts to arrive at a broad based consensus in consultation with the State governments in respect of the decision to allow FDI in multi-brand retail trade up to 51%. The Union Finance Minister ShriPranab Mukherjee in his Bu

Posted in Others | 4251 Views

Service Tax Exempted on Copyrights Relating to Recording of Cinematographic Films

17 March 2012 at 13:04

There is something to cheer about for the film industry in the Union Budget 2012-13. While presenting the Union Budget 2012-13 in LokSabha today, the Finance Minister ShriPranab Mukherjee said that the year 2012 marked the beginning of the Centena

Posted in Others | 8991 Views

Lumpsum Grant Under National Family Benefit Scheme Doubled

17 March 2012 at 13:04

In order to strengthen the social security and fulfill the needs of weaker sections, the Union Finance Minister ShriPranab Mukherjee announced a hike of 37 percent in the allocation for National Social Assistance Programme (NSAP) from Rs. 6,158 cr

Posted in Others | 6981 Views

Dip in Tax Revenue and Increased Subsidies hit Fiscal Balance Amendments Introduced to FRBM ACT

17 March 2012 at 13:04

The Union Finance Minister ShriPranab Mukherjeewhile presenting the Union Budget 2012-13 announced introduction of amendments to the Fiscal Responsibility and Budget Management Act, 2003 (FRBM Act). The two important features of this amendment in

Posted in Others | 4431 Views

Advance Pricing Agreement Introduced

17 March 2012 at 10:22

With a view to bring down Tax litigation and provide Tax certainty to the foreign investors, the government has introduced the Advance Pricing Agreement (APA) in the Finance Bill 2012. While presenting the Budget 2012-13 in LokSabha today Shri Muk

Posted in Others | 7110 Views