The most comprehensive news portal for Chartered Accountants and Other Professionals around the world.
Wednesday, July 10, 2013
Tuesday, July 9, 2013
Vacancy for CA/ICWA in B L Kashyap and Sons Ltd
Designation: Chartered Accountant
Department: Accounts and Finance
Desired Profile:
Cus - valuation - purpose of appointing distributor is to sell goods within specified territory, therefore, there will not be any sales to unrelated buyers - unrelated importers were getting 35% discount earlier - It, therefore, follows that after appointment of distributor, he would also eligible for same discount: CESTAT
Cus - valuation - purpose of appointing distributor is to sell goods
within specified territory, therefore, there will not be any sales to
unrelated buyers - unrelated importers were getting 35% discount earlier
- It, therefore, follows that after appointment of distributor, he
would also eligible for same discount: CESTAT
MUMBAI, JULY 09, 2013: THE appellant are importers of office automation equipment from M/s Autonics Corporation, Korea. Since both the supplier and importer are related, the transaction price was examined by GATT Valuation Cell of the Mumbai Customs. The assessing officer, after examining the transaction price came to the conclusion that the discount of 35% from the list price of the foreign supplier given to the appellant was in accordance with the trade practice obtaining earlier in respect of unrelated importers and, therefore, he held that the relationship has not influenced the transaction price and accordingly ordered for accepting the transaction price.
Aggrieved, the Revenue filed an appeal and the lower appellate authority observed that after the appointment of the appellant as distributor, the unrelated buyers were no longer getting 35% of the discount from the list price and, therefore, it is a discriminatory discount, which was given only to the appellants and such discriminatory discount is not acceptable and, therefore, it should be added to the transaction price to arrive
MUMBAI, JULY 09, 2013: THE appellant are importers of office automation equipment from M/s Autonics Corporation, Korea. Since both the supplier and importer are related, the transaction price was examined by GATT Valuation Cell of the Mumbai Customs. The assessing officer, after examining the transaction price came to the conclusion that the discount of 35% from the list price of the foreign supplier given to the appellant was in accordance with the trade practice obtaining earlier in respect of unrelated importers and, therefore, he held that the relationship has not influenced the transaction price and accordingly ordered for accepting the transaction price.
Aggrieved, the Revenue filed an appeal and the lower appellate authority observed that after the appointment of the appellant as distributor, the unrelated buyers were no longer getting 35% of the discount from the list price and, therefore, it is a discriminatory discount, which was given only to the appellants and such discriminatory discount is not acceptable and, therefore, it should be added to the transaction price to arrive
Vacancy for CA/ICWA in MP Power Transmission Company Limited
Employment Notice For
Dy. Director, Executive Trainee, H.R.Manager, Law Officer
City / State
Jabalpur , Madhya Pradesh
Advertisement No
AS/MPPTCL/XIII/1502
Last Date
25-06-2013
Expression of interest from reputed experienced chartered accountants of J&K for the preparation of the monthly annual accounts the scheme is centrally sponsored fully funded by ministry of rural development government of India.
Jammu And Kashmir Rural Road Development Agency 
Last Date : 10/07/2013
Expression of interest from reputed experienced chartered accountants of J&K for the preparation of the monthly annual accounts the scheme is centrally sponsored fully funded by ministry of rural development government of India.
Address: Jammu And Kashmir Rural Road Development Agency,Srinagar - Jammu-kashmir
Phone:
Email:
Last Date : 10/07/2013
Expression of interest from reputed experienced chartered accountants of J&K for the preparation of the monthly annual accounts the scheme is centrally sponsored fully funded by ministry of rural development government of India.
Address: Jammu And Kashmir Rural Road Development Agency,Srinagar - Jammu-kashmir
Phone:
Email:
Vacancy for CA in DBS Bank
https://dimension.jobsdb.com/career/Default.asp?PID=3&AC=DBS&EC=001&GC=DBSGRP&JobID=6865&LID=1&SP=1&GID=101
Vacancy for CA (Inter)/ICWA (Inter) in Hindustan Newsprint Limited (HNL)
Eligibility :
BSc, CA, ICWA, MBA/PGDM
Location : Kerala-other
Job Category : BSc/BCA/BCM, Govt Sector, MBA, Others
Last Date : 13 Jul 2013
Job Type : Full TimeLocation : Kerala-other
Job Category : BSc/BCA/BCM, Govt Sector, MBA, Others
Last Date : 13 Jul 2013
Hiring Process : Written-test
Job Details
Hindustan Newsprint Limited (HNL), invites application for the post of Supervisor Trainee
CBDT Directive Regarding Grant Of TDS Credit In Mismatched Cases
CBDT Directive Regarding Grant Of TDS Credit In Mismatched Cases
Pursuant to the judgement of the Delhi High Court in Court on Its Own Motion vs. UOI
352 ITR 273, the CBDT has issued Instruction No. 5/2013
F.No.275/03/2013-IT(B), dated 8.07.2013 stating that when an
Monday, July 8, 2013
Vacancy for CA/ICWA in Gail India Ltd
Employment Notice For
Senior Officer
City / State
New Delhi , Delhi
Advertisement No
Last Date
IVSC consults on valuation of derivatives
The
International Valuation Standards Council(IVSC) has recognised that the
lack of globally accepted and recognised standards for the valuation of
derivatives has led to a lack of trust in the valuations that are
produced and has embarked on a project to rectify this. This week the
Council published an Exposure Draft for public
Seminar on Professional Opportunities & Expectations from Internal Audit CPE 6 hrs
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TOPICS SPEAKERS |
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For seminar details and registration contact on 39802923/2922
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To Register Online for event visit http://wirc-icai.org/onlineevents.aspx
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ICAI ELECTORAL REFORMS-08072013
Further, while considering Item No.43, `Suggestions on modifications in
the Chartered Accountants (Election to the Council) Rules, 2006 –
Recommendation of the Executive Committee’, the Council decided to form
Electoral Reforms Committee with the following members:
ACCOUNTING FOR NATURAL CAPITAL
Special PAIB Committee eNews—Accounting for Natural Capital
Attention
from the accountancy profession
on natural capital accounting is rapidly increasing in response to
concern about the potential for systemic risk of climate change and
environmental externalities that affect organizational, market, and
societal sustainability.
Vacancy for CA/ICWA in Rajasthan State Road Transport Corporation (RSRTC)
Eligibility :
B.Com, BA, BBA/BBM, BE/B.Tech, CA, ICWA
Location : Rajasthan-other
Job Category : Core Technical, Govt Sector, Others
Last Date : 24 Jul 2013
Job Type : Full TimeLocation : Rajasthan-other
Job Category : Core Technical, Govt Sector, Others
Last Date : 24 Jul 2013
Hiring Process : Written-test
Job Details
Rajasthan State Road Transport Corporation (RSRTC) inviting application for the post of Officer Cadre vacancies. www.freshersworld.com
Qualification: Candidate must have BE/B.Tech/BBA/ CA/ICWA/B.Com/BA (Economics)/ BBA from a recognized University/Institute/Colleges
Service Tax on AC Restaurants invalid By Kerala HC
A great relief for Air-Conditioned Restaurants.
The Kerala High Court on Wednesday held that the Centre’s decision to impose service tax on food and beverages supplied by air-conditioned restaurants with licences to serve alcoholic beverages in the 2011-12 budget was beyond the legislative competence of Parliament.
FEE on-line survey - Auditor Selection Process
FEE is engaged in a new project with the objective of publishing a guide on ‘Best Practices’ to Select an Auditor.
FEE is seeking input from a broad range of stakeholders to increase the relevance and the acceptance of the
Sunday, July 7, 2013
Vacancy for CA/ ICWA in Deloitte
Work Experience
Total - 4+ yrs
Relevant - 3+ yrs
Required Skills: -
· Oracle Application implementation experience in at least 1 end-to-end project implementation experience and knowledge of integrated Oracle end-to-end business process.
Total - 4+ yrs
Relevant - 3+ yrs
Required Skills: -
· Oracle Application implementation experience in at least 1 end-to-end project implementation experience and knowledge of integrated Oracle end-to-end business process.
EXTRACT OF RTI FILED WITH ICAI ON THE ISSUE OF CONVOCATION by Jalandhar CA group
EXTRACT OF RTI FILED WITH ICAI ON THE ISSUE OF
CONVOCATION:
Dated: 02/07/2013[2
p.m.]
Urgent/ By Speed
Post
The Public
Information Officer,
The Institute of C A.
Of
India ,
Indraprastha Marg,
New Delhi-110
002.
Sir,
Re: Application u/s 6 of the Right to Information Act, 2005-
Vacancy for CA in Central Power Research Institute
Name of the Post: Accounts Officer
No of the Post: 02 (01 UR 01 OBC)
Required for : One for CPRI, Bhopal and One for CPRI Bangalore
No of the Post: 02 (01 UR 01 OBC)
Required for : One for CPRI, Bhopal and One for CPRI Bangalore
Deliver Negative Feedback with Care
It’s a manager’s job to occasionally make an employee aware of his
faults or failures. But if you’re not careful, it can do more harm
than good. People generally respond more strongly to criticism than
Guidelines for calculation of total foreign investment in Indian companies, transfer of ownership and control of Indian companies and downstream investment by Indian companies
Guidelines for calculation of total foreign investment in Indian
companies, transfer of ownership and control of Indian companies and
downstream investment by Indian companies
A. Definitions
1 (i) Ownership and Control
a) Company ‘Owned by resident Indian citizens’ shall be an Indian
company if more than 50% of the capital in it is beneficially owned
Wednesday, July 3, 2013
I-T - Whether forex loss incurred in course of advancing loan to a Mauritius-based subsidary for acquiring another compay in South Africa is to be treated as capital loss - YES: ITAT
I-T - Whether forex loss incurred in course of advancing loan to a
Mauritius-based subsidary for acquiring another compay in South Africa
is to be treated as capital loss - YES: ITAT
COCHIN, JULY 03, 2013: THE issues before the Bench are - Whether in case
of short deduction of tax at sour...read more
Vacancy for CA in Ernst and Young
Financial Analyst - Global Financial Reporting - IND001KZ
Job purpose
The role encompasses Generation of monthly reports financial results for
E&Y on a Global basis and performing financial statement review.
You will have to ensure the quality of information submitted by
individual co...read more
Strike the Right Tone in Your Self-Appraisal
No one likes writing a self-appraisal. It’s awkward to write about
yourself and difficult to strike the right balance between boasting
and being humble. When review time rolls around try doing these
yourself and difficult to strike the right balance between boasting
and being humble. When review time rolls around try doing these
Vacancy for CA in BNP Paribas
BNP Paribas Group
BNP Paribas (www.bnpparibas.com), is a European leader in global banking
and financial services and is one of the strongest banks in the world
(Rated AA by Standard & Poor's i.e. 3rd rating on a scale of
22).Headquartered in France, BNP Paribas has one of the largest i...read more
Vacancy for CA/ ICWA in Continental AG
Description
1) Job Description : - To consolidate the reporting requirements of R
& D Controlling for India, Manage the Global PS Projects &
Manage the Reimbursements tracking and reporting
2) qualification & Experience: ICWAI or CA with 7/8 Years of
Experience.
2+ years of work e...read more
FEM (TRANSFER OR ISSUE OF SECURITY BY A PERSON RESIDENT OUTSIDE INDIA) (NINTH AMENDMENT) REGULATIONS, 2013 - AMENDMENT IN SCHEDULE I AND INSERTION OF REGULATION 14
FEM (TRANSFER OR ISSUE OF SECURITY BY A PERSON RESIDENT OUTSIDE INDIA)
(NINTH AMENDMENT) REGULATIONS, 2013 - AMENDMENT IN SCHEDULE I AND
INSERTION OF REGULATION 14
NOTIFICATION [NO. FEMA.278/2013-RB]/GSR 393(E), DATED 7-6-2013
Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Ninth Amendment) Regulations, 2013
In exercise of the powers conferred by clause (b) of sub-section (3) of section 6 and section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India hereby makes the following amendments in the Foreign Exchange Management (Transfer or Issue of Security by a Person
NOTIFICATION [NO. FEMA.278/2013-RB]/GSR 393(E), DATED 7-6-2013
Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Ninth Amendment) Regulations, 2013
In exercise of the powers conferred by clause (b) of sub-section (3) of section 6 and section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India hereby makes the following amendments in the Foreign Exchange Management (Transfer or Issue of Security by a Person
Vacancy for CA in GMR
Job Code HC/JC/964-2013
Position Junior Manager - Equity & Investor Relations
Functional Area -NA-
Education -NA-
Experience 2.00 to 6.00 years
Business Unit
Energy
Job Description
Position: Junior Manager
Dept: Equity & Investor Relations
Qualification: ...read more
FEM (FOREIGN EXCHANGE DERIVATIVE CONTRACTS), (AMENDMENT) REGULATIONS, 2013 - AMENDMENT IN REGULATIONS 2, 6, 6A, SCHEDULE I and SCHEDULE II
FEM (FOREIGN EXCHANGE DERIVATIVE CONTRACTS), (AMENDMENT) REGULATIONS,
2013 - AMENDMENT IN REGULATIONS 2, 6, 6A, SCHEDULE I & SCHEDULE II
NOTIFICATION [NO. FEMA-260/RB-2013]/GSR 330(E), DATED 18-2-2013
In exercise of the powers conferred by clause (h) of sub-section (2) of section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank hereby makes the following amendments in the
NOTIFICATION [NO. FEMA-260/RB-2013]/GSR 330(E), DATED 18-2-2013
In exercise of the powers conferred by clause (h) of sub-section (2) of section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank hereby makes the following amendments in the
Vacancy for CA in American Express
Description
The Compliance Analyst will be responsible for assisting with the day to
day compliance responsibilities to support Global Payment Options (GPO)
business line in the continued development, growth and maintenance of
an effective Know Your Counterparty (KYC) Compliance Program/OFAC ...read more
MASTER CIRCULARS, ALL DATED 1-7-2013
MASTER CIRCULARS, ALL DATED 1-7-2013
MONEY TRANSFER SERVICE SCHEME
MASTER CIRCULAR NO.1/2013-14, DATED 1-7-2013
NON-RESIDENT ORDINARY RUPEE (NRO) ACCOUNT
MASTER CIRCULAR NO.2/2013-14, DATED 1-7-2013
MONEY TRANSFER SERVICE SCHEME
MASTER CIRCULAR NO.1/2013-14, DATED 1-7-2013
NON-RESIDENT ORDINARY RUPEE (NRO) ACCOUNT
MASTER CIRCULAR NO.2/2013-14, DATED 1-7-2013
Vacancy for CA in Accenture
Responsible for financial accounting and reporting that has a material
impact on key components of the client’s financial statements.
Responsible for the preparation, coordination and review of financial
accounting analyses and journal entries to properly recognize actual
results for material co...read more
First time holidays have been given by ICSI during examination of CS EXECUTIVE and PROFESSIONAL Exams… DEC 2013
**GOOD NEWS 4 CS student**
First time holidays have been given
by ICSI during examination of
CS EXECUTIVE and PROFESSIONAL
Exams…
DEC 2013 EXAM DATE SHEET has been
declared with some relief..
First time holidays have been given
by ICSI during examination of
CS EXECUTIVE and PROFESSIONAL
Exams…
DEC 2013 EXAM DATE SHEET has been
declared with some relief..
Monday, July 1, 2013
Vacancy for CA/ CS/ ICWA in IIT
INDIAN INSTITUTE OF TECHNOLOGY KANPUR
ADVERTISEMENT
MEDIA TECHNOLOGY CENTRE
Applications are invited for the post of 01 Project Engineer, 01 Project
Associate, 01 Senior Project Manager, 03 Deputy Project Manager and 01
Assistant Project Manger in the Project No. MHRD/NPTEL/20090141.
...read more
Buy Income Tax Reckoner for AY 2013-2014 at heavy discount
Click here to buy Income Tax Reckoner for AY 2013-2014 at heavy discount
Workshop on Drafting of Deeds and Documents
| Workshop on Drafting of Deeds & Documents | ||
| Days and Dates | : | Saturday, 6th July 2013 |
| CPE Credit | : | 06 Hrs |
| Venue | : | J. S. Lodha Auditorium, ICAI Bhawan,Cuffe Parade
|
Vacancy for CA Inter in Pfizer
Title:
Executive / Assistant Manager - Bills Payable
Job ID:
982865
Location:
India-Mumbai
Last Date to Apply For Job:
07/18/2013
Full-Time Regular
Responsibilities
1. Ensure accuracy of expense codes;
2. Ensure accuracy of tax codes;
3. Strong coo...read more
Vacancy for CA in Goyal Parul & co
Company Name/Employer Name: Goyal Parul & co.
Job Description: Handling all the task related execution of audit and Taxation matter.
Job Name/Title: CA ( AUDIT & TAXATION MANAGER)
Skill Required: CA
Experience Required: 0-1
Job Location: DELHI/NCR
Company's/Employer's A...read more
Flying club gets Income Tax Department exemption
NAGPUR: The Nagpur Flying Club (NFC) has got exemption from the Income Tax Department under section 12A of IT Act. This exemption, the notification for which was received by the club only a few days ago, follows in the wake of NFC getting recognized and registered as a government of India company which
Pre-cooked eatables like Biscuits, Namkin, etc. sold as such and on which VAT has been paid are not includible in value of outdoor catering services
ST : Pre-cooked eatables like Biscuits, Namkin, etc. sold as such and on
which VAT has been paid are not includible in value of outdoor catering
services
■■■
■■■
Where sister concern made payment of purchase price on behalf of assessee and deducted TDS on payment, reimbursement of purchase price, if involves no margin or profit or value addition, is not liable to TDS
IT/ILT : Where sister concern made payment of purchase price on behalf
of assessee and deducted TDS on payment, reimbursement of purchase
price, if involves no margin or profit or value addition, is not liable
to TDS
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Winner of Daily Forum Activator Award 29/06/2013
Winner of Daily Forum Activator Award 29/06/2013 is
Dhruv Kumar
Congratulations to the winner on winning the cash prize of Rs.100. To participate visit forum page.
Dhruv Kumar
Congratulations to the winner on winning the cash prize of Rs.100. To participate visit forum page.
Sunday, June 30, 2013
Vacancy for CA in Deutsche Bank
Summary
The ‘Global Analytics Delivery’ Group in DBOI Global Services Pvt Ltd
provides Analytics Services to Trust and Agency Services (TAS) Division
of DB. The Group with a current team strength of around 65 Financial
Analysts supports deal cash flow modelling, payment distribution p...read more
Vacancy for CA/ICWA in HP
Senior Financial Analyst I b-1102719
Description
· Provides complex and occasionally highly complex financial analysis
for a financial function or a business, typically exercising a strong
understanding of the business to determine the best method for achieving
objectives.
· Consults wit...read more
ISSUES FOR WHICH COMPLAINT CAN BE FILED WITH OMBUDSMAN
Grounds of complaint:-
A complaint on any one or more of the following grounds alleging
deficiency in the working of the Income-tax Department may be filed with
the Ombudsman:
(a) delay in issue of refunds beyond time limits prescribed by law or
under the relevant instructions issued from ti...read more
CBDT Press Release Withdrawing / Amending Circulars On Transfer Pricing
CBDT Press Release Withdrawing / Amending Circulars On Transfer Pricing
June 30th, 2013
The CBDT has issued a Press Release dated Nil stating that Circular
No.2/2013 dated 26.03.2013 (Circular on application of profit split
method) has been rescinded and that Circular No. 3 dated 26.03.2013
(C...read more
President's Message - July 2013 - (28-06-2013)
President's Message - July 2013 - (28-06-2013)
| Dear Friends, |
|
It’s 6.18 in the morning. After getting back from a
small walk, I had my first tea that is usually minus sugar and milk. My
newspapers have been delivered. As I start reading some of them, I
realise: Few more days and June will be over. July is ready to dawn in.
July as a month has a lot of associations for all stakeholders of accountancy profession. Our alma mater had |
CA Day Celebrations of the ICAI - 1st July, 2013 {CPE Hours}
ICAI
celebrates its Foundation Day as the Chartered Accountants’ Day on 1st
July every year. This year, the Chartered Accountants’ Day Celebrations
of the ICAI will be held at 4.00 P.M. on 1st July, 2013 in the `Plenary Hall’, Vigyan Bhawan,
New Delhi. Hon’ble Union Ministers, Shri K. Rahman Khan, Union Minister
for Minority Affairs, and Shri Sachin Pilot, Union Minister of State
for Corporate Affairs (I/C) will address the gathering.
The said Function would be followed by a Lecture in which Dr. C. Rangarajan, Chairman, Economic Advisory Council to the Prime Minister, would speak on “Indian Economy – Current Concerns and Future Prospects”.
[Participating members would be eligible for two hour CPE Credit]The said Function would be followed by a Lecture in which Dr. C. Rangarajan, Chairman, Economic Advisory Council to the Prime Minister, would speak on “Indian Economy – Current Concerns and Future Prospects”.
Appeal to All Members and Students of ICAI - Uttarakhand Flood Relief. - (26-06-2013)
Appeal to All Members and Students of ICAI - Uttarakhand Flood Relief. - (26-06-2013)
| Appeal to All members and students of ICAI |
|
The recent landslide and floods in Uttarakhand have
caused extensive devastation. A large number of people have died and
thousands have been rendered homeless.
At this moment, the affected people in Uttarakhand need help to tide over the calamity that has fallen upon them, to survive and to rebuild their lives. In this scenario, ICAI has decided to stand with our distressed fellow countrymen, and actively participate in the national effort to support them at this difficult time. The |
Thursday, June 27, 2013
Vacancy for CA in HSBC Bank
Description
· Prepare quality, creditworthy new business and review
proposals within agreed deadlines for submission to the appropriate
approval authorities.
· Assist HSBC to attain its strategic growth targets while at
the same time maintaining a high quality loan book;...read more
Wednesday, June 26, 2013
Request for Proposal Hiring Services of Chartered Accountant firm for Internal Audit of Maharashtra Electricity Regulatory Commission
Maharashtra Electricity Regulatory Commission
Last Date : 12/07/2013
Selection of Internal Auditors 0 Request for Proposal Hiring Services of Chartered Accountant firm for Internal Audit for the Financial years 2010-11, 2011-12 & 2012-13
Last Date : 12/07/2013
Selection of Internal Auditors 0 Request for Proposal Hiring Services of Chartered Accountant firm for Internal Audit for the Financial years 2010-11, 2011-12 & 2012-13
Vacancy for CA/ICWA in Mangalore Refinery And Petrochemicals Limited
S.No. Name of Post No. Of Post Pay Scale Age Limit Educational Qualification and Experience
1 General Manager (Internal Audit / Finance) 01 Rs.51300- 73000/- Up to 49 yrs
CA / ICWA / MBA with specialization in Finance with minimum 21 years of experience in a reputed Public Limited C...read more
Vacancy for CA Inter / ICWA Inter in HLL Lifecare Limited
M Com, CA INTER, ICWA Inter. 2 to 3 years of post qualification
experience in Finance & Accounts functions of a commercial
organization.
9 Accounts Assistant 01 Rs.8000-15000/- Up to 35 yrs
B Com , M Com. 2 to 3 years of post qualification experience in Finance
& Accounts fu...read more
Vacancy for CA/ICWA Sharp And Tannan Associates Advisors Pvt Ltd
Job Description
Position: Senior Manager - Accounts
Company Profile: Client of Sharp & Tannan Associates Advisors Pvt.
Ltd. A large conglomerate with multiple business segments & well
known in India as well as overseas. Its real estate division is one of
he leading force in Indian ...read more
Professional Tax - Kerala
Every employer in Kerala is required to pay professional tax of their
employees and his establishment to the Panchayath, Municipalities and
corporation. Professional tax in Panchayath is governed by Kerala
Panchayath Raj (Professional Tax) Rules ,1996 and professional tax in
municipality and c...read more
I-T department keep your tax returns in hi-tech, world-class swanky centres
Your taxes are dear to the income tax department, but your returns are
even dearer, so the department has ensured that they are kept in
world-class safe keeping. Iron Mountain, the safe-keeper of the wills of
Princess Diana, Charles Darwin, Bill Gates' Corbis photographic
collection and the reco...read more
EXTERNAL COMMERCIAL BORROWINGS (ECB) FOR CIVIL AVIATION SECTOR
EXTERNAL COMMERCIAL BORROWINGS (ECB) FOR CIVIL AVIATION SECTOR
A.P. (DIR SERIES 2012-13) CIRCULAR NO. 116, DATED 25-6-2013
Attention of Authorized Dealer Category-I (AD Category-I) banks is
invited to the A.P. (DIR Series) Circular No. 113 dated April 24, 2012
on the captioned subject.
2....read more
IT/ILT : Royalty and fees for technical services cannot be taxed under residual article 22 of India-Thailand DTAA
IT/ILT : Royalty and fees for technical services cannot be taxed under
residual article 22 of India-Thailand DTAA, unless item of income does
not fall under any other express provisions of DTAA
[2013] 34 taxmann.com 77 (Madras)
HIGH COURT OF MADRAS
Bangkok Glass Industry Co. Ltd.
v...read more
BUYBACK/PREPAYMENT OF FOREIGN CURRENCY CONVERTIBLE BONDS (FCCBs)
BUYBACK/PREPAYMENT OF FOREIGN CURRENCY CONVERTIBLE BONDS (FCCBs)
A.P. (DIR SERIES 2012-13) CIRCULAR NO. 115, DATED 25-6-2013
Attention of Authorized Dealer Category-I (AD Category-I) banks is
invited to A.P. (DIR Series) Circular No. 39 dated December 08, 2008,
A.P. (DIR Series) Circular N...read more
EXTERNAL COMMERCIAL BORROWINGS (ECB) POLICY FOR 3G SPECTRUM ALLOCATION
EXTERNAL COMMERCIAL BORROWINGS (ECB) POLICY FOR 3G SPECTRUM ALLOCATION
A.P. (DIR SERIES 2012-13) CIRCULAR NO. 114, DATED 25-6-2013
Attention of Authorized Dealer Category-I (AD Category-I) banks is
invited to A.P. (DIR Series) Circular No. 28 dated January 25, 2010
relating to External Com...read more
Consolidated file request functionality will not be available for deductors on TRACES from 25th June - 7th July, 2013
Consolidated file request functionality will not be available for
deductors on TRACES from 25th June - 7th July, 2013, it will resume from
8th July,2013 onwards as new TDS forms are being implemented
TDS certificate in Part A of Form 16 shall be generated only for those
PANs that have been re...read more
HC pulls up IT staff for not acknowledging letters
The Bombay High Court has pulled up the Income Tax office for the "casual approach" of its staff in not acknowledging letters received by them and their refusal to put therein the inward registration numbers.
Justice S J Kathawala, in a recent order, expressed unhappiness over this practice and asked the Income Tax authorities to take action against the erring clerks.
The judge also asked the department to forthwith issue a circular to the Commissioners of Income Tax of all the wards making it compulsory for the clerks to sign and put a serial or registration number on copies of letters received by them before handing them over to the bearer of the original letter.
The court was hearing a complaint lodged by the official assignee ofMumbai on an insolvency petition filed by a person. The official assignee had forwarded a letter dated April 18 to Income Tax Officer of Ward 15 (2) (3) at Grant Road here. The letter was received by a clerk, who put a rubber stamp on the first page of the letter.
The deputy official assignee drew the attention of the court to the fact that despite the rubber stamp having been provided to give the registration number to the letter, the same is left blank by the concerned clerk. When he was asked to fill in the registration number and put his signature on the rubber stamp, he refused to do so.
"If such is the attitude of the clerk receiving mails of the ward offices of the Income Tax Office, it would cause grave inconvenience to the persons addressing letters to the Ward Officer, more particularly, a common man, since he would not have the registration number qua the letter forwarded by him to the Income Tax authorities.
"He will also not have any particulars about the person who has received such a letter," the judge observed.
Justice S J Kathawala, in a recent order, expressed unhappiness over this practice and asked the Income Tax authorities to take action against the erring clerks.
The judge also asked the department to forthwith issue a circular to the Commissioners of Income Tax of all the wards making it compulsory for the clerks to sign and put a serial or registration number on copies of letters received by them before handing them over to the bearer of the original letter.
The court was hearing a complaint lodged by the official assignee ofMumbai on an insolvency petition filed by a person. The official assignee had forwarded a letter dated April 18 to Income Tax Officer of Ward 15 (2) (3) at Grant Road here. The letter was received by a clerk, who put a rubber stamp on the first page of the letter.
The deputy official assignee drew the attention of the court to the fact that despite the rubber stamp having been provided to give the registration number to the letter, the same is left blank by the concerned clerk. When he was asked to fill in the registration number and put his signature on the rubber stamp, he refused to do so.
"If such is the attitude of the clerk receiving mails of the ward offices of the Income Tax Office, it would cause grave inconvenience to the persons addressing letters to the Ward Officer, more particularly, a common man, since he would not have the registration number qua the letter forwarded by him to the Income Tax authorities.
"He will also not have any particulars about the person who has received such a letter," the judge observed.
Increase in Bank Audit fee for 2012-13
As per information received, RBI has increased the bank audit fees payable for financial year 2012-13 as per [RBI Notification no. DBS.ARS.No.BC. 08/ 08.92.001/ 2012-13 dated 25-06- 2013
Monday, June 24, 2013
Vacancy for CA in Tata Capital
Designation Head Risk
No. of Positions 1
Location Mumbai
Key Objective • Managing risk for the broking portfolio of the
organization – Equity, currency derivative, Margin Funding and Non
equity (product process vetting)
Major Deliverables • Develop policy framework , processes & sys...read more
Vacancy for CA/ICWA/CS in Food Corporation of India
Eligibility : BE/B.Tech, BSc, CA, CS, ICWA, Diploma
Location : Kolkata
Job Category : BSc/BCA/BCM, Core Technical, Diploma, Govt Sector, Others
Last Date : 31 Jul 2013
Job Type : Full Time
Hiring Process : Written-test
Job Details
hiring job
Advt. No.1/2013-FCI Manageme...read more
Vacancy for CA/ICWA in Macquarie Group Limited
Executive – Business Process & Change Management
Job number:
FMG-881810
Group:
Financial Management Group
Division:
Finance
Recruiter:
Rakshita Srivastava
Work type:
Permanent
Location:
Gurgaon
Executive-Business Process and Change Management
This role requires a high...read more
Fake CA's revenge: Files dodgy returns
Fake CA's revenge: Files dodgy returns
AHMEDABAD: Crime branch's cyber cell arrested a man, Jagat Parikh, on Friday for filing fake income tax returns on behalf of BJ Medical College. On interrogation he revealed that he used to have the contract to file IT returns on behalf of the institute for two years. He tried to frame the institute by filing fake returns to
AHMEDABAD: Crime branch's cyber cell arrested a man, Jagat Parikh, on Friday for filing fake income tax returns on behalf of BJ Medical College. On interrogation he revealed that he used to have the contract to file IT returns on behalf of the institute for two years. He tried to frame the institute by filing fake returns to
ICAI to set up 100 reading rooms, five accountancy museums
ICAI to set up 100 reading rooms, five accountancy museums
VADODARA: The Institute of Chartered Accountants of India (ICAI) will set up 100 reading rooms and at least five accountancy museums across the country this year. ICAI's vice president chartered accountant
VADODARA: The Institute of Chartered Accountants of India (ICAI) will set up 100 reading rooms and at least five accountancy museums across the country this year. ICAI's vice president chartered accountant
Accountant Required | Pune (Baner) | Salary range Rs 14k to 18 k p.m.
- Accountant for internal
accounting and book keeping.
**You may please email the resume at bala@bmcgroup.in or capritam@gmail.com
**
Find below the Job Description for Accountant position. ****
*Job Description: Accountant (1 Position): Pune * Salary Range: Rs. 14,000
to Rs. 18,000****
** **
*Job Description: Accountant (1 Position): Pune*
The Accountant will be responsible for day to day accounting, book keeping,
bank reconciliation and assistance to Auditors for Tax return filing.****
Essential Functions:****
**· **Recording of daily & weekly receipts and payments****
**· **Reconcile bank account with daily receipts and payments****
**· **Communicate with business development and operational team regarding
payment status of the Clients****
**· **Preparation of authorized vouchers, cheques and tax invoices****
**· **Receive, approve and when necessary investigates client's accounts
payable invoices****
**· **Communicates (both in verbal and written form) with clients,
suppliers, vendors and banking contacts****
**· **Prepare and verify daily reports****
**· **Compile monthly reports****
**· **Prepare monthly balance sheet schedules****
**· **Calculation of monthly statutory dues (i.e. service tax, TDS etc.)****
**· **Assisting Auditors on tax return preparation****
Job Qualifications:****
**· **Commerce Graduate ****
**· **1 year plus previous accounting & book keeping experience. ****
**· **Audit firm or CA training background a plus.****
**· **Knowledge of computerized accounting (Tally), Quick books etc.****
**· **Honest and must be able to keep Accounts data strictly confidential.**
**
**· **Self motivated, detail oriented and able to prioritize daily work
efficiently.****
**· **Proven ability to accommodate evolving responsibilities and last
minute changes.****
**· **Proficient in MS Word, Excel & Outlook express.****
**· **Must have excellent command over English & Hindi and inter-personal
skills.
accounting and book keeping.
**You may please email the resume at bala@bmcgroup.in or capritam@gmail.com
**
Find below the Job Description for Accountant position. ****
*Job Description: Accountant (1 Position): Pune * Salary Range: Rs. 14,000
to Rs. 18,000****
** **
*Job Description: Accountant (1 Position): Pune*
The Accountant will be responsible for day to day accounting, book keeping,
bank reconciliation and assistance to Auditors for Tax return filing.****
Essential Functions:****
**· **Recording of daily & weekly receipts and payments****
**· **Reconcile bank account with daily receipts and payments****
**· **Communicate with business development and operational team regarding
payment status of the Clients****
**· **Preparation of authorized vouchers, cheques and tax invoices****
**· **Receive, approve and when necessary investigates client's accounts
payable invoices****
**· **Communicates (both in verbal and written form) with clients,
suppliers, vendors and banking contacts****
**· **Prepare and verify daily reports****
**· **Compile monthly reports****
**· **Prepare monthly balance sheet schedules****
**· **Calculation of monthly statutory dues (i.e. service tax, TDS etc.)****
**· **Assisting Auditors on tax return preparation****
Job Qualifications:****
**· **Commerce Graduate ****
**· **1 year plus previous accounting & book keeping experience. ****
**· **Audit firm or CA training background a plus.****
**· **Knowledge of computerized accounting (Tally), Quick books etc.****
**· **Honest and must be able to keep Accounts data strictly confidential.**
**
**· **Self motivated, detail oriented and able to prioritize daily work
efficiently.****
**· **Proven ability to accommodate evolving responsibilities and last
minute changes.****
**· **Proficient in MS Word, Excel & Outlook express.****
**· **Must have excellent command over English & Hindi and inter-personal
skills.
Sunday, June 23, 2013
Vacancy for CA in IOT Anwesha Engineering and Construction Limited
Company: IOT Anwesha Engineering & Construction Limited
Industry: Engineering/Projects/Infrastructure/Power/Energy
Job Function: Office Administration
Company Details: IOT Anwesha Engineering and Construction Ltd., a
subsidiary of IOT Infrastructure and Energy Services Limited (IOTIE...read more
E-filers may not need to send hard copy to I-T dept
Taxpayers filing their income tax returns on the electronic mode may no
longer be asked to send paper documents to the Central Processing Centre
(CPC) in Bangalore as the Income Tax department is planning to
introduce electronic PIN-based verification for e-filers from this year.
The move would ...read more
Senior Auditor for Gurgaon location of US MNC
Position Summary:
The Senior Auditor is primarily responsible leading and/or participating
in audit projects of US MNC business units to evaluate the adequacy of
the business unit's overall control environment in both design and
application. The Senior Auditor is also responsi...read more
SEBI VIEWS ON INTERNAL AUDIT
Clause 49 of the listing agreement requires the audit committee to review with the
management, the performance of statutory and internal auditors, and the adequacy
of the internal audit function, if any, including the structure of the internal audit
department, staffing and seniority of th...read more
Vacancy for CA in J.Kumar Infraproject Ltd
Company: J.Kumar Infraproject Ltd
Industry: Engineering/Projects/Infrastructure/Power/Energy
Job Function: Finance & Accounting
Company Details: Leading Mumbai based Infrastructure company.
Job Description:
Requires candidates for Mumbai Office, Should have exp of 15 yrs and ab...read more
HEAVY PENALTY FOR NOT FILLING TAX AUDIT REPORT BY 30TH SEP
1) As the word "furnished" is used in sec. 44AB, and
2) as tax audit report is to be filled with Income Tax return and
3) as the due date of filling the Income tax return is 30th sep.,
if such income tax return is not uploaded(FURNISHED) by 30th september than penalty u/s 271B (1...read more
Internal Auditors required in Gundecha Construction Pvt. Ltd
Job Description:
Conducting Internal Control evaluation and risk assessment to identify loopholes and areas
Requiring management intervention to prevent frauds, embezzlements, misappropriations,
Misuse and wastage and ensuring that objectives of the organization are achieved
...read more
Sebi cracks whip on Alchemist Infra; orders refund to investors
In a fresh crackdown against ‘collective investment schemes’, Sebi has
asked Alchemist Infra Realty Ltd to wind up all such activities and
refund the money collected from public investors, which could be more
than ₹ 1,000 crore, within three months.
Besides, the company and its five directors...read more
Chartered Accountant for CA office
Riten Girish & Co
Chartered Accountant for CA office
Ours is a middle level CA firm having offices in Noida & Delhi
having exposure in Taxation, Auditing and Company Law Matters.
Chartered Accountant
Job Location: Noida
Job Description: We are looking for Chartered Accountants ...read more
Accountant Wins Miss USA Pageant
BY MICHAEL COHN
JUNE 18, 2013
We secretly knew all along that accounting was a glamorous profession,
but now we have proof.
On Sunday, Erin Brady, an accountant, won the Miss USA pageant. Brady
came to the pageant as Miss Connecticut and left as Miss USA. And she
may become Miss Universe n...read more
Certificate Course on "Forensic Accounting & Fraud Detection"
| Certificate Course on "Forensic Accounting & Fraud Detection" | ||
| Branch | : | Pune |
| Date | : | 27 Jun 2013 |
| Time | : | 9.00 a.m. |
| Venue | : | ICAI Bhawan, Bibwewadi, ITT Lab -1 |
Vacancy for CA/ICWA in IIT
A minimum of 5 years' experience in Central Govt. /State Govt.
/Autonomous bodies in the areas of finance & accounts / internal
audit / works accounts.
Working knowledge of Preparation of annual budget, annual accounts
(Comprising balance sheet, income & expenditure and formulating ...read more
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