The next Professional Competence Examination (PCE), Integrated Professional Competence Examination (IPCE) and Final Examinations of the Institute will be held from 8th November-2010 to 22nd November-2010 at the following centres :
Archive for the ‘Featured’ Category
ICAI Announcement: November '10 CA Examinations
Posted by admin on June 30th, 2010
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Most banks likely to peg base rate at 6.5-8%
Posted by admin on June 30th, 2010
Private sector HDFC Bank said that it would announce its base rate and that it did not expect any impact on its profitability or growth because of the change in the lending regime.
“I don’t expect any major impact, either on our growth or profitability, because of the base rate coming in,” Paresh Sukthankar, Executive Director, HDFC Bank said. However, there may be some rise in the rate offered on the short-end corporate loans who currently avail loans at much lower rates, he said.
Compounding of Contraventions under FEMA, 1999
Posted by admin on June 30th, 2010
The provisions of section 15 of FEMA, 1999 permit compounding of contraventions and, as such it empowers the Reserve Bank to compound any contravention as defined under section 13 of the FEMA, except the contraventions under section 3 (a) of FEMA, on an application made by the person committing such contravention.
Attention of all the Authorised Dealer Category – I (AD Category – I) banks and their constituents is invited in this regard to the Foreign …
PM rules out imposition of Tobin Tax on capital inflows
Posted by admin on June 30th, 2010
Prime minister Manmohan Singh ruled out imposition of Tobin tax on capital inflows in the country, saying the situation in India has not not reached a problem stage.
“Well the Tobin tax has merit in particular situations but as far as India is concerned we have not reached a stage where capital flows have become a problem.”
Tax planning through foreign entities being reviewed
Posted by admin on June 28th, 2010
With the increase in outbound investments from India, the Government is concerned about the ability of such companies to park profits outside India in low or no tax jurisdictions.
Indian tax law does not tax a shareholder of a company on the company’s income until the income is distributed as dividend. Therefore, it has become common for Indian co’s to form foreign subsidiaries in tax havens and shift “portable” income to those subsidiaries.
FM to meet CMs to discuss GST rollout
Posted by admin on June 28th, 2010
FM Mukherjee will try to allay the fears of states over the GST, in his meeting with the chief ministers of western and central states. The apprehensions of states have emerged as a big concern for the rollout of the new tax regime from April 2011.
During his visit, the finance minister will also meet the heads of all public sector banks and financial institutions as the government steps up its efforts towards financial inclusion.
