CAclubindia News

Concept paper convergence with IFRSs in India

21 October 2007 at 01:01

Convergence with International Accounting Standards (IASs)/International FinancialReporting Standards (IFRSs) (collectively referred to as IFRSs), issued by the InternationalAccounting Standards Board (IASB) has gained momentum in recent years all ov

Posted in Career | 5322 Views

ICAI to announce awards

20 October 2007 at 22:24

Accounting professionals who silently play a pivotal role in shaping the financial health of business houses will now come into the limelight.The Institute of Chartered Accountants of India (ICAI) has decided to honour its members for demonstrating e

Posted in Career | 5586 Views

AS 30 & 31 Approved by ICAI w.e.f 01.04.2009

18 October 2007 at 19:15

The Council of the Institute of Chartered Accountants of India, at its 273rd meeting held on October 10-12, 2007, approved the Accounting Standard (AS) 30, Financial Instruments: Recognition and Measurement and Accounting Standard (AS) 31, Financial

Posted in Audit | 26457 Views

P Note curbs to raise tax issues

18 October 2007 at 15:02

The proposed curbs on inflow through P-notes could raise tricky tax issues for foreign investors and institutional players. If the measures are imposed in totality, it could have adverse tax implications for many investors. The issue primarily concer

Posted in Income Tax | 4947 Views

If ODI is not one-day international, what's it?

17 October 2007 at 23:59

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

Posted in Shares & Stock | 5139 Views

DTA Agreements can lower tax bill for NRIs

17 October 2007 at 20:08

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

Posted in Income Tax | 3468 Views

ISA results is likely to be declared on 18th Oct, 2007

17 October 2007 at 19:27

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

Posted in Career | 3594 Views

Announcement by ICAI - AS 15 Employees Benefits Revised

17 October 2007 at 18:59

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

Posted in Audit | 17571 Views

Dubai Chapter of ICAI announces new managing committee

17 October 2007 at 18:55

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,

Posted in Career | 5658 Views

Sebi moderates capital flows.. Market Crashes!!

17 October 2007 at 11:32

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

Posted in Shares & Stock | 3 comments | 5322 Views