II. Accounting Standards AS No. AS Title 2 Valuation of Inventories 4 Contingencies and Events Occurring after the Balance Sheet Date 5 Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies 7 Construction Contracts (Revised 2002) 10 Accounting for Fixed Assets 12 Accounting … Read more
Barrackpore Division INVITATION FOR EXPRESSION OF INTEREST (EOI) EOI NO.: HAL/BKP/EOI/INTERNAL-AUDITOR/01/2015-17 DUE DATE: 14.08.2015 EOI DATE: 15.07.2015 BEFORE: 16:00 Hrs (IST) Dear Sir/ Madam, CM (IMM) Barrackpore Division, Barrackpore- 700120, So as to reach, latest on or before 14.08.2015 16 :00 Hrs. (IST)
Election 2015 Announcement Option for Polling Booths in Bangalore, Delhi/New Delhi, Mumbai and Kolkata Cities It may be mentioned that as far as Bangalore, Mumbai and Delhi/New Delhi cities are concerned, the general allocation of polling booth to voters would be done on the basis of pin-code … Read more
Introduction : The legal framework for administration of foreign exchange transactions in India is provided by the Foreign Exchange Management Act, 1999. Under the Foreign Exchange Management Act, 1999 (FEMA), which came into force with effect from June 1, 2000, all transactions involving foreign exchange have been classified either as capital or current account transactions. … Read more
Corporate Social Responsibility Companies Act 2013 Applicability: For Companies whose: Net-worth exceeds Rs. 500 Cr OR Turnover exceeds Rs. 1000 Cr OR Net Profit exceeds Rs. 5 Cr. The Company shall spend minimum 2% of its average net profit during a block of three years. Net profit means Profit before tax. CSR Committee: A CSR … Read more
The Central Board of Excise and Customs had issued detailed guidelines in 2009 to its field formations on conducting detailed manual scrutiny of service tax returns. In view of the legal changes brought about by the Negative List based taxation of services and administrative changes like creation of separate Commissionrates for Audit etc, these guidelines … Read more
RBI/2015-16/133DBS.CO.ARS.No. BC. 2/08.91.021/2015-16 July 16, 2015 The Chairman & Managing Director/Chief Executive Officers ofall Scheduled Commercial Banks(other than Regional Rural Banks) Dear Sir Concurrent Audit System in Commercial Banks – Revision of RBI’s Guidelines As you are aware, guidelines on ‘concurrent audit system in commercial banks’ were issued by us vide our circular DOS.No.BC.16/08.91.021/96 dated … Read more
8th floor, Vikrikar Bhavan, Mazgaon, Mumbai-400010 TRADE CIRCULAR (U/s.10 (10)of the MVAT Act, 2002) To, No.VAT/2015-16/0SD-VP/B- Mumbai, dt. 13.07.2015 Trade Circular No. 11Tof 2015 Sub: Bombay High Court judgment in the case of Tata Sons Ltd, Writ Petition No.2818 of 2012 decided on 20.01.2015. Recently the Bombay High Court in the case of Tata Sons … Read more
2 In exercise of the powers delegated by the Central Board of Direct Taxes (‘Board’) under Explanation to sub rule 3 and sub-rule 4 of Rule 12 of the Income tax Rules 1962, the Principal Director General of Income-tax (Systems) lays down the procedures, data structure and standards for Electronic Verification Code as under: : … Read more
It was brought to the notice that OPJS University, Churu (Rajasthan), is offering/conducting certain programmes/courses under the nomenclature “Master in C.A.” and “Bachelor in C.A.” (under the School of Chartered Accountant). Conduct of such courses under the said nomenclature are in contravention of the provisions of the Chartered Accountants Act, 1949 (CA Act) and various … Read more