Non-applicability of Revised Schedule VI in November, 2011 examination

                                   Important AnnouncementNon-applicability of Revised Schedule VI for November 2011 Examination This is to bring to the attention of students that a decision has been taken to defer the applicability of the Revised Schedule VI for CA examination, consequent to which the same will not be applicable for the PCC, IPCC and Final examinations to be held in November, 2011.Accordingly, in the...

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Announcement Relating to AS-11 - (02-04-2009)

Accounting Standard-11 relating to “The Effects of Changes in Foreign Exchange Rates” earlier prescribed under the Companies (Accounting Standards) Rules 2006 has been now amended by the Central Government, in terms of the powers conferred on them under the Companies Act, 1956, vide Notification dated 31st March, 2009. The said Notification contains an amendment i.e. a new Paragraph-46 to be inserted in the AS-11 earlier prescribed as aforementioned. The Notification so published by the Central Government is available at http://220.227.161.86/15726mca193_and_194.pdfIt may be noted...

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TAX : Important Sections

Section Head Limit Remarks Salary: 10(10) Gratuity 1. 3,50,0002. Actual3. Yr*15/30*Ang salary of 10 Months(Basic+DA+Comm) Basic + DA (forming part of retirement benefits) + Comm based on % of turn over 10(10A) Pension If gratuity is also available:Accumulated Pension*1/3Otherwise:Accumulated pension*1/2 10(10AA) Leave Encashment 1. Actual2. 3,00,0003. 10 months avg salary(last drawn)4. leave encashment max 30 days for every completed yr of service Basic + DA (forming part of retirement benefits) + Comm based on % of turn over 10(10B) Retrenchment Compensation 1. Actual2....

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