Participatory notes or PNs are back in the news, with the SEBI (Securities and Exchange Board of India) issuing a draft discussion paper on ODIs (overseas derivatives instruments). If that is too much of an alphabet soup to start, on a day that saw t
Taxation can be a complicated issue for a non resident (NRI). He may be subject to tax in India on some income and further doubly taxed in both countries on another source of income. This situation of double taxation can be avoided by appropriate pla
The result of the Information Systems Audit [ISA] Assessment Test held on 22nd September, 2007 is likely to be declared on 18th October, 2007 around 8 PM October 17, 2007 IMPORTANT ANNOUNCEMENT The result of the Information Systems Audit [ISA] As
ANNOUNCEMENTLimited Revision toAccounting Standard (AS) 15, Employee Benefits (revised 2005)The Council of the Institute of Chartered Accountants of India has decided to make limitedrevision to Accounting Standard (AS) 15, Employee Benefits (revised
At the recent Annual General Meeting of the Dubai Chapter of the Institute of Chartered Accountants of India (ICAI) the new managing committee was elected for the year 2007 - 2008.The members elected to the committee are CA V.P.Nagarajan as Chairman,
In an attempt to slow FII inflows, capital market regulator Sebi on Tuesday proposed a complete ban on the issue of overseas derivatives instruments (ODIs) like participatory notes (PNs) and other papers with immediate effect.Sebi also proposed a mea
85% assessees file tax returns now Number of returns filed after notices has dropped sharply. Tax compliance in India is improving steadily. Four years ago, 76 per cent of the 28.8 million tax-payers (assessees) filed annual income tax returns.
The Madras High Court has granted an interim injunction restraining the Union Finance Ministry from collecting service tax on rent of commercial buildings following a petition filed by General Star Kitchen Pvt Ltd, which operates a restaurant in Chen
Section 21 of the Chartered Accountants Act, 1949 - Procedure in inquiries relating to misconduct of members of institute - Notified Director DisciplineNOTIFICATION NO. 1-CA(7)/104/2007, DATED 8-10-2007In exercise of the powers conferred by sub-sect
Corporates houses, banks and financial institutions have got just 18 months to begin the changeover to a new set of transparency, inducing accounting standards that will have a major impact on their financial statements. The new norms to classify, va
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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