IndianCAs by Ashwin Nagar

12 January 2011

IndianCAs: Opportunities for CA Firms

Tenders & Assignment

Description : Chartered Accountants for conversion of Present cash based single entry into accrual based double entry system.

Last Date : 12/01/2011

Address :Jammu Development Authority
Vikas Bhawan Rail,Head Complex, Jammu

Phone :0191-2471976

Municipal Corporation

Description : Outsourcing of the registered Chartered Accountant firms for under taking accounting reforms for a period of one year.

Last Date : 13/01/2011

Address :Office of The Municipality
Birmitrapur Orissa India.

Jharkhand Academic Council

Description : Expression of Interest for Chartered Accountant Firms.

Last Date : 18/01/2011

Address :Gyandeep Campus, Bargawan,
Namkum, Ranchi – 834010.

Phone :0651-6453342, 6453343

State Blood Transfusion Council

Description : Appointment of Agencies on Contract Basis-Account, Audit Firm.

Last Date : 18/01/2011

Address :State Blood Transfusion Council
Ravindra Annex Building,5th Floor,194,Dinshaw Vaccha Road,Churchgate Reclamation, Mumbai-400020.

Phone :22830216

West Bengal Renewable Energy Development Agency

Description : Expression of interest for Reputed Chartered Accountant firm for Doing internal audit & accounts of WBREDA.

Last Date : 20/01/2011

Address :WBREDA, Bikalpa Shakti Bhavan,Plot No. J-1/10, EP & GP-Block, Sector-V, Salt Lake Electronics Complex, West Bengal Kolkata-700091.

Department Of Higher Education

Description : Expression of interest for preparation of panel of Chartered Accountants to audit the accounts of national service scheme for the year 2008-09 & 2009-10.

Last Date : 20/01/2011

Address :State Liaison Officer-Cum-Deputy Secretary to Government, Higher Education Department, Orrisa Secretarial, Bhubaneswar.

Regional Training Centre

Description : Contract for Audit Work for Regional Rural Development Training Centre.

Last Date : 21/01/2011

Address :Regional Training Centre
Chhatarpur, Gwalior, Madhya Pradesh, India.

Dakshin Haryana Bijli Vitran Nigam Limited

Description : Engagement for carrying out of audit of accountal of cheques received at various sub division under Op division.

Last Date : 24/01/2011

Address :CHIEF GENERAL MANAGER/AUDIT
DAKSHIN HARYANA BIJLI VITRAN NIGAM LTD.
VIDYUT SADAN, VIDYUT NAGAR,
HISAR –125005.

Phone :01662-223128

E-Mail :chiefauditordhbvn@gmail.com

Maharashtra Electricity Regulatory Commission

Description : Invites from the qualified & experienced consultancy firms registered with the institute of Chartered Accountant for Assisting the commission in various financial issues .

Last Date : 25/01/2011

Address :Maharashtra Electricity Regulatory Commission 13th floor, Centre no.1, World Trade Centre, Cuffe Parade,Colaba, Mumbai-400005.

Phone :(022) 22163964

E-Mail :mercindia@mercindia.org.in

M M T C Limited

Description : Application For Internal Audit Assignment For F.Y. 2011-12.

Last Date : 10/02/2011

Address :The Dy.General Manager(IA),
Internal Audit Division, MMTC Limited
Core-1, SCOPE Complex, 7, Institutional Area, Lodhi Road, New Delhi-110003.

Comptroller And Auditor General Of India

Description : Empanelment of Chartered Accountant firms for the year 2011-2012.

Last Date : 31/03/2011

Address :The Comptroller and Auditor General of India 10, Bahadur Shah Zafar Marg, New Delhi- 110124.

Ashwin Nagar FCA and SAP-FICO\SEM-BCS

Success is not permanent and failure is not final

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05 January 2011

CAG Empanelment-2011-12

The online panel for empanelment with the office of the CAG of India for allotment of audit of Public Sector Undertakings/Statutory Corporations for the year 2011-2012, is hosted at http://cagofindia.delhi.nic.in/caapplication/

Please also read the "Policy of Empanelment of CA Firms and Selection of Auditors of PSUs". A very important change was made in the definition of "Full Time FCA".

--
Best Wishes

CA. V.M.V.SUBBA RAO
Chartered Accountant
Door No.24-2-1885,
I Floor, Flat No.5,
Siddivinayaka Residency, I Cross,
Central Avenue, MSR Nagar,
Magunta Layout,
Nellore-524 003
Andhra Pradesh
India
Mobile:+91 - 0 9390221100
+91 - 0 9440278412
e-Mail: vmvsr@rediffmail.com
vmvsr@yahoo.co.uk
http://pdicai.org/MyPage/203038.aspx

01 January 2011

25 Paise Coints -Not Accepted from June 30 ,2011

Ministry of Finance30-December, 2010 18:03 IST

50 Paise Coins to be Minimum Denomination Coin Acceptable for Transaction from June 30, 2011
Government Calls in from Circulation Coins of Denomination of 25 Paise and below

The Central Government, Ministry of Finance has notified on December 20, 2010 to call in from circulation the coins of denomination of 25 paise and below, issued from time to time, with effect from June 30, 2011. From this date, these coins shall cease to be a legal tender for payment as well as on account. The procedure for call in shall be notified separately by the Reserve Bank of India.

Consequently, from June 30, 2011 onwards these coins will not be accepted in transactions. The minimum denomination coin acceptable for transaction will be 50 paise from that date. Also, in accounting, i.e. the entries in books of accounts, pricing of products/services/taxes shall also be rounded off to 50 paise or whole rupee from that date.

The notification was issued in exercise of the powers conferred by sub-section 15A of the Coinage Act, 1906 (3 of 1906).

BY
(Release ID :68787)

--
Best Wishes

CA. V.M.V.SUBBA RAO
Chartered Accountant
Door No.24-2-1885,
I Floor, Flat No.5,
Siddivinayaka Residency, I Cross,
Central Avenue, MSR Nagar,
Magunta Layout,
Nellore-524 003
Andhra Pradesh
India
Mobile:+91 - 0 9390221100
+91 - 0 9440278412
e-Mail: vmvsr@rediffmail.com
vmvsr@yahoo.co.uk
http://pdicai.org/MyPage/203038.aspx

26 December 2010

RBI Circular on Housing Loans

RBI/BANKING MATTER

CIRCULAR/PRESS NOTE

Banking : Housing Loans by Commercial Banks – LTV Ratio, Risk Weight and Provisioning

CIRCULAR NO. DBOD.NO.BP.BC. 69 /08.12.001/2010-11, DATED 23-12-2010

Please refer to paragraphs 104 to 106 of the Second Quarter Review of Monetary Policy 2010-11 (extracts enclosed), proposing certain measures in regard to housing loans by commercial banks. Accordingly, banks are advised as under:

1. Loan to Value (LTV) Ratio

At present, there is no regulatory ceiling on the LTV ratio in respect of banks' housing loan exposures. In order to prevent excessive leveraging, the LTV ratio in respect of housing loans hereafter should not exceed 80 per cent. However, for small value housing loans, i.e. housing loans up to Rs. 20 lakh (which get categorised as priority sector advances), it has been decided that the LTV ratio should not exceed 90 per cent.

2. Risk Weight

In terms of circular DBOD.No.BP.BC.83/21.06.001/2007-08 dated May 14, 2008 the risk weights on residential housing loans with LTV ratio up to 75 per cent are 50 per cent for loans up to Rs. 30 lakh and 75 per cent for loans above that amount. In case the LTV ratio is more than 75 per cent, the risk weight of all housing loans, irrespective of the amount of loan, is 100 per cent. Henceforth, the risk weight for residential housing loans of Rs. 75 lakh and above, irrespective of the LTV ratio, will be 125 per cent to prevent excessive speculation in the high value housing segment.

3. Provisioning

It has been observed that some banks are following the practice of sanctioning housing loans at teaser rates i.e. at comparatively lower rates of interest in the first few years, after which rates are reset at higher rates. This practice raises concern as some borrowers may find it difficult to service the loans once the normal interest rate, which is higher than the rate applicable in the initial years, becomes effective. It has been also observed that many banks at the time of initial loan appraisal, do not take into account the repaying capacity of the borrower at normal lending rates. Therefore, in view of the higher risk associated with such loans, the standard asset provisioning on the outstanding amount has been increased from 0.40 per cent to 2.00 per cent with immediate effect. The provisioning on these assets would revert to 0.40 per cent after 1 year from the date on which the rates are reset at higher rates if the accounts remain 'standard'.

Housing Loans by Commercial Banks

Loan to Value Ratio in Housing Loans

104. At present, there is no regulatory ceiling on the loan to value (LTV) ratio in respect of banks' housing loan exposures. In order to prevent excessive leveraging, it is proposed:

l that the LTV ratio in respect of housing loans hereafter should not exceed 80 per cent.

Risk Weights on Residential Housing Loans

105. At present, the risk weights on residential housing loans with LTV ratio up to 75 per cent are 50 per cent for loans up to Rs. 30 lakh and 75 per cent for loans above that amount. In case the LTV ratio is more than 75 per cent, the risk weight of all housing loans, irrespective of the amount of loan, is 100 per cent. Accordingly, it is proposed:

l to increase the risk weight for residential housing loans of Rs. 75 lakh and above, irrespective of the LTV ratio, to 125 per cent.

Teaser Rates for Housing Loans

106. It has been observed that some banks are following the practice of sanctioning housing loans at 'teaser rates', wherein the loans are offered at a comparatively lower rate of interest in the first few years, after which rates are reset at higher rates. This practice raises concern as some borrowers may find it difficult to service the loans once the normal interest rate, which is higher than the rate applicable in the initial years, becomes effective. It has been observed that many banks at the time of initial loan appraisal do not take into account the repaying capacity of the borrower at normal lending rates. In view of the higher risk associated with such loans, it is proposed:

l to increase the standard asset provisioning by commercial banks for all such loans to 2 per cent.

25 December 2010

Decisions of the Council of the Institute regarding CPE

For information of the members
This is for information of all the members that the Council of the Institute has decided as follows:

1. An online e-learning module would be developed and implemented by ICAI for the all the members shortly. Under the cited e-learning module, the members would be required to answer on-line such number of questions as may be decided by the Council. On successful completion of the prescribed e-learning module, a credit of 3 CPE hours would be granted to the members under structured learning instead of the present category of Unstructured learning

2. A list of members who have completed the prescribed requirement of CPE hours for the block of 3 years (2008-10) may be hosted on the website of the Institute. The members are requested to verify whether the correct CPE hours have been clocked against their respective names and if there are any variation, kindly inform the CPE Secretariat with supporting evidence for making appropriate correction at their end , if necessary.

3. It may be noted that the Council at its next meeting scheduled in the middle of January, 2011 would deliberate on dealing with the cases of non-compliance with CPE specified requirements in respect of period 2008-10.

Secretary
Continuing Professional Education Committee

(forwarded by Ramchandran)

| Ashwin Nagar |

Success is not permanent and failure is not final

15 December 2010

Income Tax Refunds -CPC

CPC commences issue of refunds for AY 2010-11 returns.

Centralized Processing Center (CPC), Bangalore has begun processing of returns for AY 2010-11. Till 10/12/2010 it has processed over 15 lakh e-filed returns of AY 2010-11 in ITRs 1, 2, 3, 4 and issued refunds in over 1.6 lakh cases. These returns were filed during this year from April to October 2010. Marking the advent of Income Tax department in digital era, all intimation orders are being sent by e-mail to taxpayers as a digitally signed password protected PDF document. SMS alerts (where mobile number is provided) to taxpayers on completion of processing and determination of refunds has been introduced for ITRs of AY 2010-11.

--
Best Wishes

CA. V.M.V.SUBBA RAO
Chartered Accountant
Door No.24-2-1885,
I Floor, Flat No.5,
Siddivinayaka Residency, I Cross,
Central Avenue, MSR Nagar,
Magunta Layout,
Nellore-524 003
Andhra Pradesh
India
Mobile:+91 - 0 9390221100
+91 - 0 9440278412
e-Mail: vmvsr@rediffmail.com
vmvsr@yahoo.co.uk
http://pdicai.org/MyPage/203038.aspx

14 December 2010

Processing of IT Returns-CBDT Instructions

INSTRUCTION

INCOME TAX ACT

Section 143 of the Income-tax Act, 1961 - Assessment - General - Clarification regarding processing of ITR-1 and ITR-2 returns - Credit for tax deducted at source for A.Y. 2009-10

INSTRUCTION NO. 9/2010 [F. NO. 225/25/2010/IT (A-II)], DATED 9-12-2010

1. Reference may be made to Board's Instruction No. 7, dated 16-8-2010 in which it has been stated, inter alia, that in cases where the return is filed in ITR-1 and ITR-2 for the A.Y. 2009-10, and where the TDS claim does not exceed Rs. three lakh and where the refund computed does not exceed Rs. Twenty five thousand, the TDS claim of the taxpayer shall be accepted at the time of processing of the returns provided the TDS payment reported in AS-26 is more than Rs. zero.

2. Board has reconsidered the above instruction and it has been decided to increase the limit of TDS claim from Rs. three lakh to Rs. four lakh as was applicable for the A.Y. 2008-09. It is further clarified that if the limit of Rs. four lakh, or Rs.25,000 is exceeded in case of a return filed in ITR-1 and ITR-2 or there is nil matching with AS-26 statement, the credit should be allowed by the Assessing Officer after make 'due verification'. This verification may be done in the same manner as was being done in the earlier years.

3. This may be brought to the notice of all the Assessing Officers in your region for immediate compliance.

11 December 2010

e-Rectification u/s 154

Department introduces new facility for online submission of rectification request in cases where processing was completed by CPC Bangalore. Please review the guide for common errors to first rectify the return submitted and generate the rectification xml using excel utility (same utility is to be used). Taxpayer can log in My Account-> Rectification-> Rectification upload and follow

--
Best Wishes

CA. V.M.V.SUBBA RAO
Chartered Accountant
Door No.24-2-1885,
I Floor, Flat No.5,
Siddivinayaka Residency, I Cross,
Central Avenue, MSR Nagar,
Magunta Layout,
Nellore-524 003
Andhra Pradesh
India
Mobile:+91 - 0 9390221100
+91 - 0 9440278412
e-Mail: vmvsr@rediffmail.com
vmvsr@yahoo.co.uk
http://pdicai.org/MyPage/203038.aspx

07 December 2010

Exist Scheme Re-launched

Dear all,

Ministry of Corporate Affairs has decided to introduce a Scheme namely, "Easy Exit Scheme, 2011" under Section 560 of the Companies Act, 1956 to give an opportunity to the defunct companies, for getting their names struck off from the Register of Companies again.

The scheme will be in operation from 1st January, 2011 to 31st January, 2011 with filing fees of Rs. 3000/-.

26 November 2010

DIN Amendment

Companies Act

Rules/Amendment Rules

Companies (Director Identification Number) Rules, 2006 (Amendment) 2010 - Amendment in Forms DIN-1 and DIN-3

NOTIFICATION NO. GSR 849(E), DATED 15-10-2010

In exercise of the powers conferred by clauses (a) and (b) of sub-section (1) of section 642 read with sections 266A, 266B and 266E of the Companies Act, 1956 (1 of 1956) the Central Government hereby makes the following rules further to amend the Companies (Director Identification Number) Rules 2006, namely :—

1. (1) These rules may be called the Companies (Director Identification Number) Rules 2006, (Amendment), 2010.

(2) These rules shall come into force on the 5th day of December, 2010.

2. In the Companies (Director Identification Number) Rules 2006 :—

(i) in Form DIN-1, in the declaration, at the bottom of serial number 14, the following declarations shall be inserted namely :—

"I also confirm that I am not restrained/disqualified/removed of, for being appointed as Director of a company under the provisions of the Companies Act. 1956 including sections 203, 274 and 388E of the said Act.

I further confirm that I have not been declared as proclaimed offender by any Economic Offence Court or Judicial Magistrate Court or High Court or any other Court."

(ii) in Form DIN-3, under Verification, the following Verifications shall be added namely :—

"It is hereby confirmed that the appointed Director(s) whose particulars are given above, has given declaration to the company that he/she is not restrained/disqualified/removed of, for being appointed as Director of a company under the provisions of the Companies Act, 1956 including sections 203, 274 and 388E of the said Act.

It is also confirmed that the appointed Director(s) whose particulars are given above. has given a declaration to the company that he/she has not been declared as proclaimed offender by any Economic Offence Court or Judicial Magistrate Court or High Court or any other Court."

22 November 2010

CBDT on Stay of Demand

CBDT's clarification on instructions on Stay of Demand

Letter [F.No. 404/10/2009-ITCC], dated 1-12-2009

Many queries have been received regarding the applicability of Instruction number 95 dated 21.8.1969 vis-à-vis Instruction number 1914 dated 2.12.1993. Many assesses are taking the plea that Instruction No. 1914 does not supercede Instruction No. 95 dated 21.8.1969.

2. Instruction No. 95 dated 22.8.1969 was an assurance given by the then Deputy Prime Minister during the 8^th Meeting of the Informal Consultative Committee held on 13^th May, 1969. The observations made by the Deputy Prime Minister were as under:-

"Where the income determined on assessment was substantially higher than the returned income, say twice the latter amount or more, the collection of the tax in dispute should be held in abeyance till the decision on the appeal provided there were no lapses on the part of the assesses."

The above observations were circulated to the field officers by the Board as Instruction number 95 dated 21.8.1969.

2. The matter has been considered by the Board and the decision of the Board has been approved by the Finance Minister. It is hereby clarified that subsequent to Instruction No. 95 following Instructions/clarifications on the stay of demand were issued till 15^th October 1980:-

(i)Clarification to Instruction number 95 was issued on 14/09/1970 stating that it relates to disputed demands only.

(ii) Instruction number 635 was issued on 12/11/1973 stating that stay should be granted only in those cases where demands are attributable to substantial points of dispute.

(iii)Clarification to Instruction number 95 dated 13/07/1976 held that the Instruction becomes operative only in cases where there are no lapses on the part of the assessee.

(iv)Instruction number 1067 dated 21/06/1977 held that the ITO can pass the necessary orders u/s 220 (6) in all cases except cases under section 144A or 144B where the approval of IAC is required.

(v) Instruction number 1158 dated 27^th March 1978 held that in suitable cases the assessee may be allowed to furnish security.

(vi) Instruction number 1282 dated 4^th October 1979 held that requests should be made to CIT(A) and ITAT for early disposal of appeals and constant watch should be kept on progress of appeals.

(v) Instruction number 1362 was issued on 15/10/1980 in supersession of all the earlier Instructions. It was an Instruction covering the issue in detail and in para 4 of the same there was a clear reference to the proposition laid down in Instruction number 95 which is as follows:-

In exercising this discretion, the Income-tax Officer should take into account factors such as: whether the points in dispute relate to facts; whether they arise from different interpretations of law; whether the additions have been made as a result of detailed investigation; whether the additions are based on materials gathered through enquiry/survey/search and seizure operations; whether the disputed addition to income has been assessed elsewhere by way of protective assessment and the tax thereon has been paid by such person etc. The magnitude of addition to income returned cannot be the sole determinant in this regard. Each disputed addition will need to be considered to arrive at the quantum of tax that may need to be stayed.

3. It is clear that the substance of the assurance as laid down in Instruction number 95 dated 21.8.1969 was submerged in the Instruction number 1362 dated 15/10/1980 which was issued in supersession of all earlier Instructions on the subject. Instruction No. 1914 dated 2.12.1993 was issued subsequently in super-session of all the earlier Instructions on the subject and the said Instruction also covers unreasonably high pitched assessment order and genuine hardship cases.

4. It is therefore clarified that there is no separate existence of the Instruction number 95 dated 21.8.1969. Instruction number 95 and all subsequent Instructions on the issue ceased to exist from the date Instruction No. 1362 came into operation. In turn Instruction number 1362 and all subsequent Instructions on the issue also ceased to exist the day Instruction number 1914 came into operation i.e. 2/12/1993.The Instruction number 1914 holds the field currently and a copy of Instruction number 1914 is enclosed for reference.

Source:Taxmann

14 November 2010

ROC Additiona Fee Hiked- Comparision

Additional Fees Payable to Registrar of Companies (ROC)

Period of Delay	Additional Fee Upto 04/12/2010	Additonal Fee from 05/12/2010
Upto 30 days	One (1) time of normal filing fee	Two (2) Times of normal filing fee
More than 30 days and upto 60 days	Two (2) Times of normal filing fee	Four (4) Times of normal filing fee
More than 60 days and upto 90 days	Two (2) Times of normal filing fee	Six (6) Times of normal filing fee
More than 90 days and upto 180 days	Four (4) Times of normal filing fee	Nine (9) Times of normal filing fee
More than 180 days and upto 360 days (1 year)	Six (6) Times of normal filing fee	Nine (9) Times of normal filing fee
More than 1 year and upto 2 years	Eight (8) Times of normal filing fee	Nine (9) Times of normal filing fee
More than 2 years	Nine (9) Times of normal filing fee	Nine (9) Times of normal filing fee

ROC Additional Fees Increased wef 05/12/2010

Dear Corporates,

It has been decided to revise the additional fees payable as per Section 611(2) of the

Companies Act, 1956 (except for Form 5) as per below details with effect from 5th December

2010 :-

Period of Delay Fixed rate of additional fee

Upto 30 days Two times of normal filing fee

More than 30 days and upto 60 days Four times of normal filing fee

More than 60 days and upto 90 days Six times of normal filing fee

More than 90 days Nine times of normal filing fee

In order to avoid payment of additional fees, please file within stipulated time.

03 November 2010

Have a cracking Diwali

Have a crackling Diwali
May this Diwali bring good luck and happiness to you and your Family.

If you do not want receive these kind of mails Click here to unsubscribe

IndianCAs: Wishing you a very very Happy Diwali!!

May the Divine Lights of Diwali Diya

Brighten your year Ahead!!

Wishing you a very very Happy Diwali!!

And Prosperous Hindu Vikram New Year 2067

| Ashwin Nagar | FCA and SAP-FICO\SEM-BCS |

Success is not permanent and failure is not final

Facebook : http://www.facebook.com/ashwinnagar

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IndianCAs: Bank Branch Auditors' Panel for the year 2010-11

Here is the link for

The Bank Branch Auditors' Panel for the year 2010-11, prepared thereof is hosted at the following link, for your ready reference.

Dear Sir/Madam,

This has reference to your application for the multipurpose panel for the year 2010-11. The Bank Branch Auditors' Panel for the year 2010-11, prepared thereof is hosted at the following link, for your ready reference.

Thanking You,

Yours faithfully,

Secretary
Professional Development Committee

Dear Sir/Madam,

Thanking You,

Yours faithfully,

Secretary
Professional Development Committee

http://meficai.org/cov_letter.html

| Ashwin Nagar | FCA and SAP-FICO\SEM-BCS |

Success is not permanent and failure is not final

Facebook : http://www.facebook.com/ashwinnagar

Twitter : http://twitter.com/ashwinnagar

Orkut : http://www.orkut.co.in/Main#Profile?uid=18246210461112749074

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01 November 2010

Amendment to Form NO.1

COMPANIES ACT

RULES/AMENDMENT RULES

Companies (Central Government's) General Rules and Forms (Third Amendment), 2010 - Amendment in Annexure 'A'

Notification No. G.S.R. 848(E), dated 15-10-2010 issued by Ministry of Corporate Affairs

In exercise of the powers conferred by sub-section (1) of section 642 read with section 61OB of the Companies Act, 1956, the Central Government hereby makes the following rules further to amend the Companies (Central Government's) General Rules and Forms, 1956, namely:—

1. (1) These rules may be called the Companies (Central Government's) General Rules and Forms (Third Amendment), 2010.

(2) These rules shall come into force on the 5th day of December, 2010.

2. In the Companies (Central Government's) General Rules and Forms; 1956, in Annexurer 'A',—

(i) in Form No. 1,—

(a) in serial number 8, under the heading, Particulars of Promoters (first subscribers to the MOA), at the bottom after the entry Name of the company, the following shall be inserted, namely:—

"Whether the subscriber has been convicted by any court for any offence involving moral turpitude or economic or criminal offences or for any offences in connection with the promotion, formation or management of a company Yes No If yes, provide details."

(b) in Declaration, after serial number (vi), the following Declarations as serial numbers (vii and viii) shall be inserted, namely:—

"(vii) That the subscribers have given declaration of details of his/her conviction by any court for any offences involving moral turpitude or economic or criminal offence or for any offences in connection with the promotion, formation or management of a company;

(viii) That the subscribers have given declaration that he/she has not been declared as proclaimed offender by any Economic Offence Court or Judicial Magistrate Court or High Court or any other Court."

(ii) In Form No. 32, —

(a) in Verification I, after serial number 3, the following Verification as serial number 4, shall be inserted namely:—

"4. It is also confirmed that the appointed director (s) whose particulars are given above, has given a declaration to the company that he/she has not been declared as proclaimed offender by any Economic Offence Court or Judicial Magistrate Court or High Court or any other Court."

IndianCAs by Ashwin Nagar

12 January 2011

IndianCAs: Opportunities for CA Firms

05 January 2011

CAG Empanelment-2011-12

01 January 2011

25 Paise Coints -Not Accepted from June 30 ,2011

26 December 2010

RBI Circular on Housing Loans

25 December 2010

Decisions of the Council of the Institute regarding CPE

15 December 2010

Income Tax Refunds -CPC

14 December 2010

Processing of IT Returns-CBDT Instructions

11 December 2010

e-Rectification u/s 154

07 December 2010

Exist Scheme Re-launched

26 November 2010

DIN Amendment

22 November 2010

CBDT on Stay of Demand

14 November 2010

ROC Additiona Fee Hiked- Comparision

ROC Additional Fees Increased wef 05/12/2010

03 November 2010

Have a cracking Diwali

IndianCAs: Wishing you a very very Happy Diwali!!

IndianCAs: Bank Branch Auditors' Panel for the year 2010-11

01 November 2010

Amendment to Form NO.1

Empanelment of Concurrent Auditors

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