Modiji becomes first PM to be exempted from filing IT return as he has stayed less than 180 days in India

http://my.fakingnews.firstpost.com/2015/05/25/modiji-becomes-first-pm-to-be-exempted-from-filing-it-return-as-he-has-stayed-less-than-180-days-in-india/

What is a recoverable amount? IAS -36

According to IAS 36, a recoverable amount is the higher of an asset’s
fair value less cost to sell and asset’s value in use.

Fair value less cost to sell is the amount which could be obtained

ICAI - International conference

http://icai.org/new_post.html?post_id=11582

Deadline for Exchanging Your Pre-2005 Currency Notes Extended

http://profit.ndtv.com/news/forex/article-deadline-for-exchanging-pre-2005-currency-notes-extended-775341

Allahabad Bank Stock Auditor Empanelment 2015-2016

Allahabad Bank Stock Auditor Empanelment 2015-2016 (AP or Telangana)

Vacancy for CA/CS/ICWA in Uranium Corporation of India Limited

http://indiatoday.intoday.in/education/story/uranium-corporation-of-india-limited/1/446542.html

Deadlock leaves Greece closer to default

Greek Prime Minister Alexis Tsipras and his country’s creditors have failed to reach a bailout deal at emergency talks, raising fresh fears that Athens will default on an IMF loan next week.

The differences remain so great despite two days of marathon talks that Greece and the lenders from the European Union and the International Monetary Fund were expected to present rival reform proposals to

Welcome to XBRL ICAI latest changes

http://www2.xbrl.org/in/nmpxbrl.aspx?id=432

Vacancy for CA/CS in Ultratech

Job Description 

Requisition Title

:SH Sy D&Comp Mum MUM West 

Job Number:

Audit Assignments 25/06/2015

Orissa Industrial Infrastructure Development Corporation Last Date : Jun 25, 2015 Expression of interest from chartered accountant firms for statutory audit and internal audit. Address: IDCO Towers, Janpath Bhubaneswar-751022

Govt has released draft gold sovereign scheme

govt-releases-draft-sovereign-gold-bonds-scheme-to-reduce-the-demand-for-physical-gold.pdf1989935230.pdf

263 petition for additions u/s 68 at ITAT will not be heared until further orders

AS per direction of President, ITAT, vide order dated 22.06.2015, the cases filled u/s 263 , where additions have been made u/s 68 / 69, which are pending before ITAT, Kolkata benches are

ETDS RPU 4.4 released

• NSDL RPU Version 4.4 for quarterly e-TDS/TCS statements from FY 2007-08 Download RPU version 4.4
• Features of RPU 4.4

Procedure for CONVERSION OF LOAN INTO SHARE CAPITAL & RIGHT ISSUE which ARE PRACTICAL WAYS TO RAISE CAPITAL FOR SME

CONVERSION OF LOAN INTO SHARE CAPITAL & RIGHT ISSUE ARE PRACTICAL WAYS TO RAISE CAPITAL FOR SME:

Introduction: Issue of shares has remained area of concern under the Companies Act, 2013. This article contains the process to raise capital by converting loan into share capital or by right issue. It is also recommend that conversion of loan into share capital or right issue is a simple & more practical process to raise capital under new era for companies specially, small & medium size companies.

Different ways of issue of capital as specified under Companies Act, 2013 are as follows:

i)        Right Issue to Equity  share capital on pro rata basis u/s 62(1)(a).

ii)      Preferential Allotment [To predetermined  person(s) including Equity shareholders who agreed to

Vacancy for CA in Idea cellular

Job Description 

Requisition Title

:Senior Manager - Finance & Accounts - Financial Reporting 

Job Number:

:150103YT 

Schedule

:Full-time 

Primary Location

:India-Maharashtra-Mumbai 

ITR STATUS A Y 2015-16 now available

ITR STATUS A Y 2015-16

UTILITIES AVAILABLE
Form No./ Who can File/ Source of Income

ITR – 1 SAHAJ -ONLY INDIVIDUAL –

1.Salary 2. Only one House Property – No B/F losses 3. Other Sources – No B/F losses

Scrutiny of refurbished return forms for Assessment year 2015-16

I. Introduction to New Rule 12

The Rule 12 of the Income-tax Rules was amended vide Notification No. 41/2015, Dated 15-04-2015. The new ITR Forms 1, 2 and 4S were notified for the assessment year 2015-16 vide said notification.

In view of various representations received it was announced that these ITR forms will be reviewed. Having

ICAI invites Suggestions on GST

The biggest tax reforms in the history of Independent India are taking its final shape as the Constitution (122nd Amendment) Bill relating to the Goods and Service Tax (GST) has been passed by the Lok Sabha. Multiplicity of taxes, varying rates, costly compliance and lower revenue to the public exchequer are some of the important reasons which have compelled the administrators to bring in an effective tax system which can address such issues. GST will integrate the State economies and boost overall growth. It would subsume

ACCEPTANCE OF DEPOSITS document by ICSI

Section 73 to 76 of the Companies Act, 2013  read with Companies (Acceptance of Deposits) Rules, 2014 made under Chapter V of the Act regulate the invitation and acceptance of deposits. It prohibits acceptance of deposits except from the members through ordinary

Updated Compilation of Circulars issued by MCA till date on Companies Act 2013

Please find below the Circulars issued by the Ministry of Corporate Affairs till-date, since the commencement of Companies Act, 2013:

1.                   General Circular No. 09/2015 - Clarification on repayment of deposits accepted by the companies before the commencement of the Companies Act, 2013 under section 74 of the said Act.

The circular while referring to the Explanation appearing below Rule 19 of the Companies (Acceptance of Deposits) Rules, 2014, clearly establishes the fact that the expressions "deposits accepted prior to 1st April, 2014" or "deposits accepted by the companies before the commencement of the Companies Act, 2013" would mean deposits under the relevant provisions of the Companies Act, 1956 (also referred to as Earlier