CAclubindia News

CBDT Clarification Regarding Information Received Under the DTAA With Germany

06 December 2011 at 10:16

It has been reported in some sections of the press that the Central Board of Direct Taxes (CBDT) has shared details of 18 individuals found to have stashed illegal funds abroad in LGT bank accounts. In this connection, it is clarified that the C

Posted in Income Tax | 3987 Views

Memorandum of Understanding (MoU) between ICAI and University of Madras

05 December 2011 at 16:46

The MoU was signed by CA. G. Ramaswamy, President, ICAI and Dr. T. Leo Alexander, Registrar, University of Madras in the presence of Dr. R. Kannan, IAS, Principal Secretary to the Government of Tamil Nadu

Posted in Community & General | 2 comments | 12204 Views

Companies bill to be tabled in Parliament this week

05 December 2011 at 11:08

Even as Parliament failed to transact any business in the ongoing winter session due to the FDI conflict, corporate affairs minister M Veerappa Moily sounded an end to the logjam when said he hoped to introduce the Companies Bill in Parliament in

Posted in Corporate Law | 5097 Views

Audit raises red flags on Air India Express

05 December 2011 at 11:07

In an indictment of Air India Express, an audit conducted by the aviation regulator has found serious flaws in its air safety practices. The report, a copy of which was reviewed by Mint, says the airline has failed to correct deficiencies pointe

Posted in Audit | 7317 Views

Retail FDI on hold, India Inc unhappy

05 December 2011 at 11:07

Corporate retailers expressed surprise and disappointment over FDI in multi-brands retail being put on hold. Officially, retailers of all hues - both foreign and Indian - told HT that they would like to wait for a formal decision to come from the

Posted in Community & General | 4026 Views

Cheques / drafts / pay orders / banker's cheques presented will be valid for 3months with effect from April 1, 2012

03 December 2011 at 11:01

RBI/ 2011-12/288 UBD. BPD. (PCB) No. 15 /12.05.001/2011-12 December 2, 2011 The Chief Executive Officer All Primary (Urban) Co-operative Banks Dear Sir/ Madam Payment of Cheques / Drafts / Pay Orders / Banker's Cheques In India, it has b

Posted in Community & General | 5 comments | 15360 Views

Income-tax (9th Amendment) Rules, 2011- Insertion of Rule 40BA and Form No. 29C

03 December 2011 at 10:55

NOTIFICATION NO. 60/2011 [F. NO. 133/70/2011-SO(TPL)] DATED 1-12-2011 In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to am

Posted in Income Tax | 19761 Views

ICWAI sign MOU with CISI, UK

03 December 2011 at 10:33

The Institute of Cost and Works Accountants of India (ICWAI) has signed a memorandum of understanding with the Chartered Institute for Securities and Investment (CISI), UK on awarding the membership of CISI to ICWAI members and concessional fee fo

Posted in Community & General | 5 comments | 11106 Views

Increase in Interest Rates

02 December 2011 at 18:20

As per the Index of Industrial Production (IIP) released by the CSO, the industrial growth has moderated to 5.0 percent in 2011-12 (April-September) as compared to 8.8 percent in corresponding period of the previous year. The moderation in the ind

Posted in Community & General | 14598 Views