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Draft India Bank Branch Auditors Panel 2009-10

Posted on October 8, 2009 with No Comments

Draft panel 2009-10 has been hosted on the website www.meficai.org.

Please check your category.
Any Query/Compaint regarding this pl lodge your complaint on http://www.meficai.org/complaints/complaint_enrty_enter.jsp
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New E-TDS Changes India Income Tax

Posted on October 8, 2009 with No Comments

The information is also available under the head ‘Modifications in the e-TDS/TCS data structure and new File Validation Utility applicable from October 1, 2009’ on the NSDL – TIN homepage (www.tin-nsdl.com). Read More »

Format of Engagement Letter for Chartered Accountants

Posted on October 8, 2009 with No Comments

Date:

The Board of Directors

XYZ Co. Ltd

Dear Sirs,

l. This confirms our engagement covering the following services requested by you:

* Statutory audit of the balance sheet of XYZ Co. Ltd (‘the Company’) as at 31st March, 200_, the related statements of Profit and Loss and notes thereon for the year then ended, as required by the Companies Act, 1956. Read More »

Acceptance of Deposits by Chit Fund Companies

Posted on October 8, 2009 with No Comments

Circular No. DNBS (PD) CC.No. 159/03.03.01/2009-10, dated 28-8-2009

The Reserve Bank of India, having considered it necessary in the public interest and being satisfied that for the purpose of enabling the Bank to regulate the credit system of the country to its advantage, it is necessary to amend the Miscellaneous Non-Banking Companies (Reserve Bank) Directions, 1977, in exercise of the powers conferred by Sections 45J,45K and 45L of the Reserve Bank of India Act, 1934, (2 of 1934) and of all the powers enabling it in this behalf, hereby with immediate effect, prohibit MNBCs from accepting deposits from public except from the shareholders, which is subject to the conditions specified in the Directions issued by the Reserve Bank. Any deposit accepted and held by the MNBCs other than from its shareholders as on date shall be repaid on maturity and shall not be eligible for renewal. Read More »

Guide to ITR-Vs to ITD-CPC Bangalore

Posted on October 8, 2009 with No Comments

Here is a Guide of Tax Payers India

1. Please use Ink Jet /Laser printer to print the ITR-V Form.

2. The ITR-V Form should be printed only in black ink.

3. Do not use any other ink option to print ITR V.

4. Use of Dot Matrix printer should be avoided. Read More »

Extension of time limit for filing ITR-V form Income Tax India

Posted on October 8, 2009 with No Comments

The Central Board of Direct Taxes had, vide circular No.3/2009 dated 21.05.2009, allowed assessees who file their income tax returns in electronic form without digital signature to submit their verified ITR-V form, within a period of 30 days, thereafter. The ITR-V form was required to be sent to Post Bag No.1, Electronic City Post Office, Bengaluru, Karnataka-560100, by ordinary post. Read More »