Postponement of Examination May 2013

It is notified for general information that in view of the Election to the Karnataka State Legislative Assembly, Group – 1, Paper 2, Strategic Financial Management of Final Examination and Group – 1, Paper – 2, Business Laws, Ethics and
Communications of Intermediate (Integrated Professional Competence) Examination scheduled to be
held on 4th and 5th May, 2013 at Bangalore, Belgaum, Bellary, Hubli, Mangalore, Mysore and Udupi

President’s Message April 2013

Dear Friends,

It is the responsibility of the strong to help the weak. Not resorting to any populist measures, the Government has not touched the direct and indirect tax structures in principle in the Union Budget 2013- 14; neither has it touched the middle class. Some of the experts have felt that they were expecting something more miraculous in the Budget that could tackle the existing economic issues at hand.

When the Union Finance Minister Shri P. Chidambaram introduced the concept of super-rich tax, i.e. people having their annual income more than Rs. 1 crore will have to pay a surcharge of 10%, his agenda apparently was quite clear, i.e. to inspire the capable people to

Amendments in Electricity Company Final Accounts

Many queries have been recieved as what are the amendments in Electricity Company Accounts

Applicable for IPCC May 2013 Exams The Clarification regarding the query is there are no specific amendments

relating to Electricity Company Accounts the only thing is that the Study material is revised from May 2012 Exams

Amendments for May 2013 CA Exams

The Following are the Amendments released by ICAI on 01.04.2013 for providing clarification to students from various confusions

Amendments For CA IPC  May 2013 Exams

The Finance Act, 2012 has introduced the concept of negative list in the service tax law
whereby all services are liable to service tax except those covered under the negative list and the exempted services

Download Admit Cards for MAY 2013 Exams

The official website of THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA has announced the admit card download notification for CA IPCC Examination 2013.

The final exam of CA IPCC is going to conduct on May month, 2013. if you were applied for the above test then you can download the admit card from official link or the direct link provided below.

Revised CPT Passing Criteria

Revised passing requirements for Common Proficiency Test (CPT) effective from June, 2013

it is notified for general information that
the passing requirements of CPT effective from June, 2013 shall be as under:-

“A candidate for the Common Proficiency Test shall ordinarily be declared to have passed the test if he obtains at one sitting a minimum of 30% marks in

Some changes through Income-tax (Second Amendment) Rules, 2013

Certain changes are brought by Income-tax (Second Amendment) Rules, 2013 with regard to the compliance to be made in respect of TDS and TCS, namely:

1) All statements to be furnished in Form nos. 24Q, 27Q and 26Q shall be furnished electronically and deductor has an option to furnish it under a digital signature;

2) Deductor can file statement in the new Form 26B to claim refund of the sum paid to the Central Government under Chapter XVII-B, provided:

1. The credit of such sum has not been claimed by the deductor;
2. No demand is outstanding against deductor

3) Following forms have been substituted:

1. Form 15G – Declaration to be given for claiming certain receipts without TDS
2. Form 15H – Declaration to be given by an Individual, who is above 60 years of age, for claiming certain receipts without TDS
3. Form 16 – Certificate of tax deduction from salary
4. Form 16A – Certificate for tax deduction from any other payment
5. Form 27C – Declaration to be given for obtaining goods without collection of tax
6. Form 27D – Certificate for tax collected at source
7. Form 27EQ – Quarterly statement for tax collected at source
8. Form 27Q – Quarterly statement for tax deducted at source

Arvind Kejriwal Addresses CA Students

New Delhi – February 10, 2013 – Leaders of Aam Aadmi Party (AAP), Arvind Kejriwal and Sanjay Singh addressed a huge gathering of Chartered Accountants and students pursuing the course today at Andhra Bhavan, Deendayal Upadhyay Marg, ITO, Delhi.

Addressing a gathering of more than 1000 CAs and CA students, Sanjay Singh explained how a team of dedicated CAs is voluntarily helping Aam Aadmi Party in maintaining transparency in its accounts. The team had earlier helped in maintaining records of India Against Corruption (IAC) movement as well. It was only due to the efforts of this dedicated team that not even one finger

New President and Vice President elected to ICAI

Here are the faces of new leaders of ICAI

President – CA Subodh kumar Agarwal

Vice President – CA K Raghu

ICAI organizes ‘CEO 2020’ session

February, 19th 2013

The Institute of Chartered Accountants of India (ICAI), Abu Dhabi Chapter & Dubai Chapter had organized an inspiring session on the topic – CEO 2020 addressed by the Globally Celebrated Author – ‘Chetan Bhagat – The biggest selling English language novelist in India’s professionals. The invites only workshop took place at Dubai Mens’ College Auditorium, Academic City, Dubai, on Saturday, February the 16th. An entertaining opening filled the auditorium with laughter and good energy; burst of applause every now and again enjoying Bhagat’s self deprecating humour. His down to earth, selfless personality and inspirational speech captivated the whole audience.

While he talked about his struggle for two years to publish his first book,