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Showing posts from October, 2012

XBRL Filing-Extended

FILING OF BALANCE SHEET AND PROFIT AND LOSS ACCOUNT IN EXTENSIBLE BUSINESS REPORTING LANGUAGE (XBRL) MODE FOR THE FINANCIAL YEAR COMMENCING ON OR AFTER 1-4-2011 GENERAL CIRCULAR NO. 34/2012, DATED 25-10-2012 In continuation of the Ministry's General Circular No. 16/2012, dated 6-7-2012, on the subject cited above, it is stated that the time limit to file the financial statements in the XBRL mode without any additional fee/penalty has been extended up to 15th December, 2012 or within 30 days from the date of Annual General Meeting of the company whichever is later. 2. All other terms and conditions of the General Circular No. 16/2012, dated 6-7-2012 will remain the same.

State Health Society, Jaipur

Description:
Selection of Concurrent auditors – Request for Proposal for Hiring services of Chartered accountant firm for concurrent audit of Rajasthan district health society / district rural health societies for the financial year 2012-13 under national rural health mission


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State Health Society


Address :Goverment of Rajasthan National Rural Health Mission Rajasthan State Health Sociey Swasthya Bhawan, Tilak Marg,Jaipur-302005

Phone :01412220962

Last Date : 23/11/2012 

Chamundeshwari Electricity Supply Corporation Limited

Description:
Invites from eligible chartered accountants for conducting revenue audit of consumers ledger accounts of the year 2008 to 2011 within 3 months on contract basis on service charges 

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Chamundeshwari Electricity Supply Corporation Limited



Address :Chamundeshwari Electricity Supply Corporation Limited Corporate Office,No,927,L.j.Avenue,New Kantharaja Urs Road,Saraswathipuram,Mysore-570009 

Last Date : 15/11/2012 

Department Of Public Instruction

Description:
Expression of Interest from Chhattisgarh Empanelled Chartered Accountant Firms for Carrying Out the Procurement & Civil Works Audit Under European Commission State Partnership Program Detailed RPF Cab be Obtained from the Office of DPI 

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Department Of Public Instruction

Address :Directorate Of Public Instruction Chhattisgarh,Pension Bada,Raipur

Last Date : 09/11/2012 

Final Report on Tax Accounting Standard

FINAL REPORT OF THE COMMITTEE CONSTITUTED FOR FORMULATING ACCOUNTING STANDARDS FOR THE PURPOSES OF NOTIFICATION UNDER SECTION 145(2) OF THE INCOME-TAX ACT, 1961 PRESS RELEASE, DATED 26-10-2012 Section 145(1) of the Income-tax Act, 1961 ('the Act') provides that the income chargeable under the head "Profits and gains of business or profession" or "Income from other sources" shall [subject to the provisions of sub-section (2)] be computed in accordance with either cash or mercantile system of accounting regularly employed by the assessee. Section 145 (2) provides that the Central Government may notify Accounting Standards ('AS') for any class of assessees or for any class of income. 2. The Central Board of Direct Taxes ('CBDT') constituted a Committee comprising of departmental officers and professionals in December, 2010 to inter alia suggest AS for the purposes of notification under section 145(2)of the Act. 3. The Committee submitted its fir…

File Early to Avoid Last Minute Rush.!

Dear Stakeholder,

The Ministry issued General Circular No.30/2012 dated  28.09.2012, In order to ensure smooth filing and to avoid last minute rush, the due date of filing of e-forms 23AC(Non-XBRL) and 23ACA (Non XBRL) as per new schedule VI is extended in following manner without any additional fee :-

a)    Company holding AGM or whose due date for holding AGM is on or before 20.09.2012, the time limit will be 03.11.2012 or due date of filing, which ever is later.

b)    Company holding AGM or whose due date for holding AGM is on or after 21.09.2012, the time limit will be 22.11.2012 or due date of filing, which ever is later.

It is suggested that the e-filing of MCA21 forms (especially filing of Balance Sheets and Annual Returns due in October and November respectively) on MCA portal may be carried out AS SOON AS POSSIBLE without waiting till the last date to avoid the last minute congestion on the MCA/MCA21 website. This will result in smooth service delivery to all the stakeholders fro…

New ST 3 Released

Modified version of the Service Tax Return (ST3) for the quarter Apr-Jun,2012 is now available for uploading to ACES .It is available in 'DOWNLOADS' section in offline version only and not online version. In view of the implementation of the Negative List concept in Service Tax with effect from 1st July, 2012, the return filing cycle of six months (April-September, 2012) has been spilt. This new ST 3 Return will be only for the period April-June, 2012, when Negative List was not introduced. This return is available in offline utility only with view and print facility in online mode. The last date of filing the ST 3 return for the quarter Apr-Jun,2012 has been extended by CBEC up to 25th November, 2012 vide Order No 3/2012 dated 15th October, 2012. Click Here to download the new excel utility file http://aces.gov.in/download.jsp

Department Of Information Technology

Description :
Expression of Interest for Appointment of Registered Chartered Accountant Firm for the Internal Audit of the JSAC for the Year 2008-09, 2009-10, 2010-11 and 2011-12

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Department Of Information Technology




Address :Department of Information Technology, Govt. of Jharkhand Ground Floor, Engineers Hostel – I, Golchakkar, Dhurwa, Ranchi – 834004

Phone :2401719

Last Date : 30/10/2012 

MCA on XBRL

Press Information Bureau
Government of India
Ministry of Corporate Affairs
19-October-2012 17:59 IST Quality of xBRL Filing Certified by Professional Members

The Ministry of Corporate Affairs has pressed upon for the need to improve the quality of xBRL (Extensible Business Reporting Language) filings. In a letter sent to the Presidents of the Institute of Chartered Accountants of India (ICAI) and the Institute of Company Secretary in India (ICSI) the ministry said it is the bounden duty of these institutes to improve the quality of XBRL filing for the financial year (FY) 2011-12 to be undertaken by its members. Further, the Institute may conduct further trainings, issue guidelines, etc so that such quality related issues are appropriately resolved.

As per the letter a random scrutiny of XBRL filing of financial statements by few companies to MCA for FY 2010-11 reveals significant variations in disclosures in published results and the xBRL filing due to 'incorrect' mapping of …

CIRCULAR NO. 9/2012 [F. NO. 275/11/2012-IT(B)], DATED 17-10-2012

SECTION 194C OF THE INCOME-TAX ACT, 1961 - DEDUCTION OF TAX AT SOURCE - PAYMENTS TO CONTRACTORS & SUB-CONTRACTORS - DEDUCTION OF TAX AT SOURCE ON PAYMENT OF GAS TRANSPORTATION CHARGES BY THE PURCHASER OF NATURAL GAS TO THE SELLER OF GAS CIRCULAR NO. 9/2012 [F. NO. 275/11/2012-IT(B)], DATED 17-10-2012 Representations have been received from various sections of the Industry on the difficulties faced in the matter of Tax Deduction at Source on Gas Transportation Charges paid by the purchasers of Natural gas to the sellers of gas. 2. The Hon'ble Gujarat High Court in the case of CIT (TDS) v. Krishak Bharati Cooperative Limited in Tax Appeal No. 618 of 2010 videorder dated 12-7-2011, has held that the question as to whether payment of Gas Transportation Charges by the purchasers of Natural gas to the Gas Distribution Companies is covered under the provision of Chapter XVII-B of Income-tax Act, 1961 (the Act) or not, can be ascertained only on the basis of the terms of agreement bet…

Uttar Pradesh Participatory Forest Management And Poverty Alleviation Project

Description :Engage reputed C.A. firms for audit of different units of the project. PMU invites eligible C.A. Firms to indicate their interest in providing the desired services. The eligible firms would be mandated to undertake audit of all the units at the PMU, dmus, fmus and JF mcs/ edcs within the frame work of theproject, every year, for the period of 3 years

Uttar Pradesh Participatory Forest Management And Poverty Alleviation Project


Address :Chief Project Director, PMU, UPPFMPAP, Aranya Sadan, Shisham Bagh, Sector 19, Indira Nagar, Lucknow 

Phone :91 522-2718301 

E-Mail :jbicup@gmail.com

Last Date : 19/11/2012

RBI Circular on Loan to NRE

FOREIGN EXCHANGE MANAGEMENT (DEPOSIT) REGULATIONS, 2000 - LOANS TO NON-RESIDENTS/THIRD PARTIES AGAINST SECURITY OF NON-RESIDENT (EXTERNAL) RUPEE ACCOUNTS [NR (E) RA]/FOREIGN CURRENCY NON-RESIDENT (BANK) ACCOUNTS [FCNR (B)] DEPOSITS A. P. (DIR SERIES 2012-13) CIRCULAR NO. 44, DATED 12-10-2012 Attention of Authorised Dealer Category-I banks and Authorised banks (the banks) is invited to Para 6 of Schedule 1 and Para 9 of Schedule 2 toForeign Exchange Management (Deposit) Regulations, 2000 notified vide Notification No. FEMA 5/2000-RB, dated May 3, 2000, as amended from time to time regarding loans against security of funds held in deposit accounts. Further, attention of the banks is also invited to A. P. (DIR Series) Circular No.66, dated April 28, 2009 in terms of which it was decided to enhance the then existing cap of Rs. 20 lakh to Rs. 100 lakh on loans against security of funds held in NR(E)RA and FCNR(B) deposits either to the depositors or third parties. 2. The Committee to revie…

CBDT crackdown on freebies to doctors by pharma industry

Any freebies given to doctors and their associations by the pharmaceutical companies by way of gift, travel facility, hospitality, cash grant and so on, is not allowable as expenditure, while computing the taxable business income of such companies, says a CBDT Circular. The Medical Council of India (MCI) had in 2009 prohibited medical practitioners and their associations from accepting these and other freebies from the pharmaceutical companies at the pain of being hauled up for violating professional ethics. The Explanation to Section 37(1) disallows expenses that are in violation to any law of the land. The regulations made by (MCI) a statutory body is the law of land governing the medical fraternity, and hence, any expenses incurred in violation thereof is squarely hit by the said Explanation, says the circular.

Source :http://www.thehindubusinessline.com/companies/article3991935.ece

Finance Minister approves the Operational Features of the Rajiv Gandhi Equity Savings Scheme (RGESS)

The Union Finance Minister Shri P. Chidambaram approved a new tax saving scheme called "Rajiv Gandhi Equity Saving Scheme"(RGESS),exclusively for the first time retail investors in Securities Market. This Scheme would give tax benefits to new investors who invest up to Rs. 50,000 and whose annual income is below Rs. 10 lakh.

The Scheme not only encourages the flow of savings and improves the depth of domestic capital markets, but also aims to promote an 'equity culture' in India. This is also expected to widen the retail investor base in the Indian securities markets.

Salient features of the Scheme are as under:

a. Scheme is open to new retail investors, identified on the basis of their PAN numbers. This includes those who have opened the Demat Account but have not made any transaction in equity and /or in derivatives till the date of notification of this Scheme and all those account holders other than the first account holder who wish to open a fresh account.

b. Those i…

Broadcast Engineering Consultants India Limited

Description :Empanelment of Chartered Accountants Firms for carrying out Internal Audit work of Broadcast Engineering Consultants India Limited (BECIL) from Financial Year 2012-13 onwards

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Broadcast Engineering Consultants India Limited


Address :Chairman & Managing Director
Broadcast Engineering Consultants India Limited
BECIL Corporate office C-56/A17, Sector-62
Noida-201301 (UP)

Last Date : 22/10/2012

SOUTH EASTERN COALFIELDS LIMITED

Description:
Empanelment of Chartered Accountants/Cost Accountants Partnership Firms registered with the Institute of Chartered Accountants of India / Institute of Cost Accountants of India for conducting Internal Audit of Physical Verification of Stores & Spares in SECL for the year 2012-13.

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SOUTH EASTERN COALFIELDS LIMITED
Address :SOUTH EASTERN COALFIELDS LIMITED Seepat Road, Bilaspur (CG)-495006

Phone :09425531262

Last Date : 10/11/2012 

Bihar State Aids Control Society

Description:
Expression of Interest for Chartered Accountant Firms for Internal Audit for Implementing the Centrally Sponsored national Aids control programme (NACP) in the State of Biha

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Bihar State Aids Control Society

Address :BIHAR STATE AIDS CONTROL SOCIETY State Institute of Health & Family Welfare Building, Sheikhpura, Patna-800014.

Phone :0612-2290278

E-Mail :bsacshelp@bsacs.org

Last Date : 29/10/2012 

State Health And Family Welfare Society Hyderabad

Description :
Hiring services of charted accountant firms for concurrent audit of state health society (SHS & 4 groups of district health socities

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State Health And Family Welfare Society


Address :State Health And Family Welfare Society DM&HS Campus,Sultan Bazar,Hyderabad-500095

Phone :040-24613005

E-Mail :cfo.nrhm@gmail.com
Last Date :26/10/2012

Department Of Information And Public Relation Assam

Description :Invited from the Registered Charter Accountancy firm for submission of quarterly income tax return both salary and non-salary portion of the office of Director of Information and Public Relations 

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Department Of Information And Public Relation


Address :Department Of Information And Public Relations,Assam. Dispur,Guwahati-6 

Last Date : 12/10/2012

Shome Committee Draft Report On Vodafone Retrospective Law

Shome Committee Draft Report On Vodafone Retrospective Law The Shome Committee has issued a draft report making far-reaching suggestions on whether the retrospective law seeking to tax Vodafone should be retained or not. The report makes important recommendations on the steps that the Government should take to address apprehensions about the certainty, predictability and stability of tax laws inIndia. Comments and Suggestions on the Draft Report are required to be submitted by19th October, 2012

Department Of Information And Public Relations

Description :Invited from the Registered Charter Accountancy firm for submission of quarterly income tax return both salary and non-salary portion of the office of Director of Information and Public Relations

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Department Of Information And Public Relations

Address :Department Of Information And Public Relations,Assam. Dispur,Guwahati-6

Last Date : 12/10/2012 

Municipal Council, Badmer -Rajasthan

Description :Providing of Chartered accountant service – double entry system accounting year 2009-10, 2010-11, 2011-12 & 2012-13.
Preparation of Statement of Affairs for one year (as on balance sheet) 2010-11, 2011-12 & 2012-13 per annum. Bank reconciliation work (per annum) from 01.04.2006 to 31.03.2013

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Municipal Council


Address : Municipal Council,Badmer -Rajasthan 

Last Date : 17/10/2012 

STATE HEALTH SOCIETY, BIHAR, PATNA

EXPRESSION OF INTEREST for Concurrent Audit 2012-13 HIRING SERVICES OF CHARTERED ACCOUNTANTS FIRM FOR CONCURRENT AUDIT OF  STATE HEALTH SOCIETY, BIHAR (SHSB) & DISTRICT HEALTH SOCIETY (DHS) FOR THE  FINANCIAL YEAR 2012-13 UNDER NATIONAL RURAL HEALTH MISSION (NRHM) Request for Proposal (RFP) for Concurrent Auditor for the State of Bihar
Here is the link:
http://statehealthsocietybihar.org/shs/tenders/Concurrent_Audit.pdf
Last date: 18/10/2012