Apex court upholds new accounting standardsNew Delhi November 21, 2007The Supreme Court has upheld the revised accounting standards AS 22 issued by the Institute of Chartered Accountants of India which has been made mandatory for all the companies li
Nearly 150,000 salaried individual taxpayers will have to re-file their returns for the 2007-08 assessment year, as their returns went up in smoke during a recent fire in the income-tax office at Mayur Bhawan in Connaught Place. The October 6 inciden
The Income Tax Department is planning to extend the Refund Banker Scheme to the entire country as a move aimed at expediting refund of excess tax. The scheme, launched in Delhi and Patna in March this year, was later extended to Kolkata, Chennai, Ban
Ancmnet/BOS/227/47/2007 Attention of the students is invited to para (v) of the Announcement: Ancment/BOS/227/06/2007 dated February 7, 2007 appended below. It is clarified that students who have registered for three years of articles with the date o
After IT professionals and management graduates, it is now the turn of Chartered Accounts (CAs) to reap the fruits of globalisation in the form of increasing opportunities abroad. Major companies across the globe are actively hiring CAs from India.Th
An amendment by way of limited revision to Accounting Standard (AS) 15, Employee Benefits (revised 2005), has been made with a view to provide, inter alia, an option to an enterprise to charge additional liability arising upon the first application o
The Institute of Chartered Accountants of India (ICAI) on Monday recommended that Goods and Service Tax (GST), proposed to be implemented from 2010, should have dual tax structures at the Centre and state levels.The GST is expected to create a common
MBA finance grads watch out, CAs are inching closer in terms of pay packages. In the latest round of placements of CAs, held last month, average salaries have shot up to almost Rs 6 lakh per annum. The average salary of CAs reached to a new high of R
No. 402/92/2006- MC (46 of 2007)Government of India/ Ministry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, the 31 st October 2007PRESS RELEASEThe Central Board of Direct taxes have extended the last date of filing of income
Top Tax Advisory Firm Ernst & Young and its associates booked by service tax department and issued Show Cause Notices for Service Tax evasion of over Rs. 8 Crores October, 26th 2007 Ernst & Young is advising over 400 MNCs on service tax matters.MNCs
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)
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