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Latest News

INCOME TAX

Mauritius has gone ‘extra mile’ for India tax treaty: Minister 20/05/2013

FM to meet tax officials on raising revenues 20/05/2013

Income Tax office slaps Rs. 577-cr tax demand notice on Infosys 20/05/2013

International Taxation

Guidance note on advanced pricing pacts issued 20/05/2013

SERVICE TAX

Govt gets power to arrest service tax defaulters 20/05/2013

SEBI

Sebi plans rules for foreign firms enticing investors 20/05/2013

RBI

RBI to fix tenor & rates for loans to foreign arms 20/05/2013

RBI may cut rates at next meet, feel research houses 20/05/2013

RBI moots review of all bank licences on 'fit & proper' norms 20/05/2013

FDI Policy

More clarity on retail foreign direct investment this week 20/05/2013

Misc. Corporate Laws & Other Commercial Policies

Government mulls alternate models to kick start delayed expressway projects 20/05/2013

Audit & Acc - Misc.

Finance Ministry appoints auditors without consulting RBI, step aimed at avoiding conflict of interest 20/05/2013

01 | Direct Tax

20/05/2013
Mauritius has gone ‘extra mile’ for India tax treaty: Minister

20/05/2013
FM to meet tax officials on raising revenues

20/05/2013
Income Tax office slaps Rs. 577-cr tax demand notice on Infosys

20/05/2013
Guidance note on advanced pricing pacts issued

17/05/2013
Money laundering issue: Mauritius' tax info exchange pact with India ready

02 | Indirect Tax

20/05/2013
Govt gets power to arrest service tax defaulters

18/05/2013
Cut coal import duty to boost plants: Power min

16/05/2013
No cheer for FM; April indirect tax mop up rises only 3.3%

16/05/2013
FinMin notifies scheme to encourage service tax payment

14/05/2013
Excise duty collections dips 14% in April

03 | Corporate and Miscellaneous Laws

20/05/2013
Government mulls alternate models to kick start delayed expressway projects

18/05/2013
France-based Auchan’s hybrid model for retail shot down by DIPP

18/05/2013
HOUSE PANEL FOR ONE REGULATOR TO MONITOR CHIT FUND SCHEMES

18/05/2013
'Comprehensive Act needed for telecom'

17/05/2013
Govt to regulate rates of 652 medicines; prices set to fall

04 | Finance and Money Market

20/05/2013
Profit-booking seen ahead, but FIIs may limit market slide

18/05/2013
NSE set to offer more products for derivatives, awaiting Sebi’s nod

18/05/2013
FOREX-Dollar index hits nearly 3-year high, euro hits 6-week low

18/05/2013
BSE slaps restrictions on 29 scrips for failure to meet norms

17/05/2013
Gold funds may be hit by RBI's curbs on imports for domestic use

05 | Accounting and Audit Miscellaneous

20/05/2013
Finance Ministry appoints auditors without consulting RBI, step aimed at avoiding conflict of interest

15/04/2013
Audit committee should be talking to the auditor Article

10/01/2013
Welfare schemes' auditing may start from March-end

11/12/2012
Bill aimed at giving CCI more teeth tabled

19/11/2012
Close watch on audit qualifications

06 | International Bussiness

20/05/2013
Yahoo’s board approves $1.1 billion purchase of Tumblr

20/05/2013
Chinese firms dominate telecom & power sectors

20/05/2013
‘M&A tally at $1.66 bn for April; inbound deals rise’

20/05/2013
RPT-Bankia compensation qualms signal loss of faith in Spain's banks

18/05/2013
After Google, Amazon to be grilled on UK tax presence

07 | Economy

20/05/2013
Airports Council International cautions members against investments in Male

20/05/2013
India Inc’s scorecard: Be wary of economy, rates and the ‘other’

20/05/2013
How GST delay is forcing micro, small and medium enterprises to relocate

20/05/2013
Tech Inc set to get bigger bite of Japan’s $200-bn IT services mkt

20/05/2013
Trade gap to top Chinese premier Li’s India agenda

08 | Coporate Watch

20/05/2013
Retailers like Future Group, RP-Sanjiv Goenka Group, Reliance adopting kirana-store model to push sales

20/05/2013
Committee probing Walmart case submits report to MCA

20/05/2013
Cyber attack: Blame game is on, but Yes Bank, RPG to sort out hacking issue

20/05/2013
India Inc’s profits wilt even as debt keeps piling up

18/05/2013
ONGC mulling sale of stakes of some deep-water blocks to Shell

09 | SME NEWS

29/12/2012
NASSCOM, SIDBI ink partnership for MSME development

16/10/2012
AP's SME initiative fails to gain momentum

11/04/2012
Lack of interest marks start of SME segment at BSE

24/01/2012
Only 5.2% of SMEs in rubber products sector to invest in computers

22/12/2011
Lok Sabha approves factoring bill to help MSME sector

10 | Banking NEWS

18/05/2013
There is enough growth in the economy’ for entry of more banks

17/05/2013
ICICI, HDFC Bank instruct staff to go slow on sales of insurance products

16/05/2013
NPA agony: PSU banks continue to face loan restructuring requests

14/05/2013
PSU banks director nominees may face intelligence bureau scrutiny

09/05/2013
Securitisation to turn costlier for banks with new distribution tax

11 | Life Insurance NEWS

30/04/2013
Life insurers' new premiums fall 6.3% in FY13

24/04/2013
Life insurance policies on a decline in last 3 years: Govt

20/02/2013
Life insurance agents can sell plans of pure health insurers

09/01/2013
LIC to Have Long Life in Insurance

27/12/2012
Life insurance premium income down 1.5% in 2011-12

12 | General-Insurance NEWS

25/03/2013
Insurance fund likely to cover refiners using Iranian crude oil

07/01/2013
'General insurance industry likely to grow 20% annually'

11/12/2012
Higher FDI cap and not FIIs will end woes, says insurers

23/10/2012
Govt mulls policy to increase rural insurance penetration

04/10/2012
IRDA prepares 8 ready-to-launch plans for insurers

13 | Health-Insurance NEWS

15/05/2013
Health insurance premiums likely to turn dearer

14/02/2013
Health insurance firms must settle claims directly with policyholders, rules court

15/01/2013
One size fits all

10/10/2012
No exit age in health covers to increase insurers' loss ratio

08/10/2012
IRDA working to improve health insurance service

14 | Pension/Provident NEWS

16/05/2013
Govt ratifies 8.5% interest on PF deposits for 2012-13

09/05/2013
EPFO open to investing in ETF of public sector units

08/05/2013
Axis Bank gets National Pension System trustee bank mandate

20/04/2013
Clubbing allowances with basic pay for PF deduction on cards

07/03/2013
EPFO may rope in World Bank to gauge EPS deficit, take corrective measures

Bills
Notification
Circulars

From Chairman Desk March, 2013

Chairman, Professional Development Committee

Dear Friends,
Now, let me update you on some major developments pertaining to our Committee during the last month ……

Opportunities

Rajasthan State Road Transport Corporation
Last Date : 18/06/2013

Andaman And Nicobar Islands Integrated Development Corporation Limited
Last Date : 12/06/2013

Punjab National Bank
Last Date : 10/06/2013

Punjab National Bank
Last Date : 10/06/2013

Forum

Archive | UnAnswered Queries

20/05/2013
CONSTITUTION OF BUSINESS

20/05/2013
Case Law reuired for Appellate Revision Board

20/05/2013
Service tax paid on behalf of another

20/05/2013
FCRA

19/05/2013
Revaluation of Advances in foreign currency

18/05/2013
SERVICE TAX REGISTRATION

18/05/2013
Sale of Machinery

18/05/2013
Liability of Service Tax

18/05/2013
DONATION OF IMMOVABLE PROPERTY

18/05/2013
Advance received against Sale

What's new

From Chairman, PDC desk

Compliance Under Service Tax – 2012-13 – Bank Audit

Statutory audit of public sector and private/ foreign banks simultaneously

MCA Circular No - 56/2011

MCA Circular on XBRL

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