Highlights of the Railway Budget 2013-14

Here are the highlights of the Rail Budget 2013 as presented by Railway Minister PK Bansal.

Ø  No hike in passenger fares

Ø  Free Wi-Fi to be provided on some trains

Ø  Rs 100 crore for improving stations in New Delhi

Ø  179 escalators and 400 lifts at A 1 and other select stations

Ø  E-ticketing through mobile phones

Ø  SMS alerts for passengers on reservation status

Ø  Next generation e-ticketing system by end of 2013

Ø  Superfast and Tatkal charges to rise

Ø  Annual plan for 2013-14 set at Rs 63,363 crore

Speech of Sh. Pawan Kumar Bansal introducing the Railway Budget, 2013-14 on 26th February 2013

Madam Speaker, I rise to present before this august House the Revised Estimates for 2012-13 and a statement of estimated receipts and expenditure for 2013-14.  I do so with mixed feelings crossing my mind. While I have a feeling of a colossus today, it is only ephemeral and is instantaneously overtaken by a sense of humility. Democracy gives wings to the wingless, cautioning us all the while, that howsoever high or wide our flight may be, we must remain connected to the ground. For giving me this opportunity, I am grateful to the Hon’ble Prime Minister Dr. Manmohan Singh and  the UPA Chairperson, Smt. Sonia Gandhi and pay my homage to the sacred memory of Sh. Rajiv Gandhi who introduced me to the portals of this highest Temple of Indian democracy.

CMA - June 2013 Inter-Final Examination Timetable and Programme

THE INSTITUTE OF COST ACCOUNTANTS OF INDIA 

(STATUTORY BODY UNDER AN ACT OF PARLIAMENT)

EXAMINATION TIME TABLE & PROGRAMME - JUNE 2013

Day, Date & Time	Intermediate 09.30 A.M. to 12.30 P.M.	Final 02.00 P.M. to 05.00 P.M.
Tuesday 11th June, 2013	Financial Accounting	Capital Market Analysis & Corporate Laws
Wednesday 12th June, 2013		Financial Management & International Finance
Thursday 13th June, 2013	Commercial and Industrial Laws & Auditing	Management Accounting-Strategic Management
Friday 14th June, 2013	Applied Direct Taxation	Indirect & Direct -Tax Management
Saturday 15th June, 2013	Cost & Management Accounting	Management Accounting -Enterprise Performance Management
Sunday 16th June, 2013		Advanced Financial Accounting & Reporting
Monday 17th June, 2013	Operation Management and Information Systems	Cost Audit & Operational Audit
Tuesday 18th June, 2013	Applied Indirect Taxation	Business Valuation Management
Examination Fees
Group (s)	Final Examination	Intermediate Examination
One Group (Inland Centres) (Overseas Centres)	Rs.1250/-US $ 100	Rs.1000/-US $ 90
Two Groups (Inland Centres) (Overseas Centres)	Rs.2250/-US $ 100	Rs.1600/-US $ 90

CMA - June 2013 Foundation Examination Timetable and Programme

THE INSTITUTE OF COST ACCOUNTANTS OF INDIA

                                        (STATUTORY BODY UNDER AN ACT OF PARLIAMENT)

                                   

                                      EXAMINATION TIME TABLE & PROGRAMME - JUNE 2013

FOUNDATION COURSE EXAMINATION

(Multiple Choice Question Mode)

Day & Date	Time & Session	Foundation Course Examination
Sunday, 23rd June 2013	10.00 A. M. to 12.00 P. M. (Morning Session)	Paper - 1 & 2 (100 Marks) Paper 1 : Organisation and Management Fundamentals (50 Marks) Paper 2 : Accounting ( 50 Marks)
Sunday, 23rd June 2013	02.00 P.M. to 04.00 P.M. (Afternoon Session)	Paper - 3 & 4 (100 Marks) Paper 3 : Economics and Business Fundamentals (50 Marks) Paper 4 : Business Mathematics and Statistics Fundamentals (50 Marks)

Companies Bill, 2012 listed for consideration in the Rajya Sabha

The Companies Bill, 2011 has been passed by Lok Sabha on December 18, 2012. 

In the list of Business of Rajya Sabha for Tuesday, February 26, 2013, the Companies Bill, 2012 is listed for consideration.  

The link for the same is as under: 

Click Here. 

Highlights of the Companies Bill, 2011 (as passed in Lok Sabha), are also placed at the following link:  

Click Here.

Inauguration of Centralized Processing Cell (TDS) by Honorable Finance Minister Shri P. Chidambaram.

Honorable Union Finance Minister Shri P. Chidambaram dedicated the Centralized Processing Cell (TDS) at Aayakar Bhawan, Vaishali on 23rd February, 2013. The function was attended by Secretary (Revenue) Shri Sumit Bose, Secretary (Economic Affairs) Shri Arvind Mayaram, Smt. Poonam Kishore Saxena, Chairperson, Central Board of Direct Taxes, Members, CBDT & Member CBEC & the senior officers of the Ministry of Finance, Govt. of India. 

The Finance Minister after inauguration said that India was moving towards technology driven tax administration. In the CPC (TDS) the most advanced technologies have been put in place. He said that the CPC (TDS) would be a ‘big boon’ for the taxpayers as well as the Government.

Due date notified for filing of Service Tax Return for Qtr-2 of FY 2012-13

TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY, PART II,   SECTION 3, SUB-SECTION (i)

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(DEPARTMENT OF REVENUE)

Notification No.  01/2013-Service Tax

New Delhi, the  22nd February, 2013

 3 Phalguna, 1934 Saka

           

G.S.R (E).-In exercise of the powers conferred by sub-section (1) read with sub-section (2) of section 94 of the Finance Act, 1994 ( 32 of 1994), the Central Government hereby makes the following rules further to amend the Service Tax Rules, 1994,  namely:-

1.        (1) These rules may be called the Service Tax ( Amendment) Rules, 2013.

           (2)  They shall come into force on the date of their publication in the Official Gazette.

ICAI - Exposure Draft of Excel Template of Taxonomy for Non-Banking Financial Companies (NBFCs)

While the filing of the financial statements in XBRL format had begun for a class of companies, NBFCs were kept outside the purview, despite the fact that these companies also followed the Schedule VI format. Owing to peculiar nature of business as compared to the other Commercial and Industrial companies, a need was felt to identify and compile the NBFCs specific elements and include them in the core C&I taxonomy making it suitable for use of NBFCs as well. 

CG extend exemption to project LR-SAM of Ministry of Defence from Excise duty

 [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(DEPARTMENT OF REVENUE)

                                                                        New Delhi, the 20^th February, 2013 

Notification No. 04/2013-Central Excise

 G.S.R.      113(E).- In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.64/95-Central Excise, dated the 16^th March, 1995 which was published in the Gazette of India, Extraordinary, vide number G.S.R.256(E), dated the 16^th March, 1995, namely:-

CG extends exemption to project LR-SAM of Ministry of Defence from Import duty

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(DEPARTMENT OF REVENUE)

New Delhi, the 20^th February, 2013 

Notification No. 08/2013-Customs

            G.S.R.     114(E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 39/96-Customs, dated the 23^rd July, 1996, published in the Gazette of India, Extraordinary, vide number G.S.R. 291(E), dated the 23^rd July, 1996, namely:- 

FEMA - Clarification on Import of precious and semi precious stones

RBI/2012-13/418
A.P. (DIR Series) Circular No.83

February 20, 2013

To
      All Category - I Authorised Dealer Banks

Madam / Sir,

Foreign Exchange Management Act,1999 - Import of precious and semi precious stones- Clarification

Attention of Authorised Dealer Category – I (AD Category – I) banks is invited to the provisions contained in A.P.(DIR Series) Circular No.34 dated September 24, 2012, in terms of which AD Category – I banks have been permitted to approve Suppliers’ and Buyers’ Credit (trade credit) including the usance period of Letters of Credit  opened for import of gold in any form including jewellery made of gold/ precious metal or and studded with diamonds/semi precious/ precious stone should not exceed 90 days from the date of shipment.

CG notifies Post Export EPCG Duty Credit Scrip Scheme notified

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY,

PART II, SECTION 3, SUB-SECTION (i)]

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(DEPARTMENT OF REVENUE)

Notification No. 05 / 2013-Customs

New Delhi, the 18^th February, 2013

G.S.R. 99  (E).—  In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts goods when imported into India against a Post Export EPCG duty credit scrip (0% EPCG variant) issued by the Regional Authority in accordance with paragraph 5.11 under Chapter 5 {Export Promotion Capital Goods (EPCG) Scheme} of the Foreign Trade Policy which provides for duty remission in proportion to export obligation fulfilled (hereinafter referred to as the said scrip) from,-

CMA - Results for December 2012 examination to be Declared on on the eve of 21st February 2013

Intermediate & Final Result for December 2012 Term of Examination would be available on 21 February, 2013 evening on the following link http://182.71.171.61/result/

Team ITA wishes Bestest of Luck to all the Candidates.

Parliament is all set for Budget Session

The three-month long Session will begin with the customary address by President Pranab Mukherjee to the joint sitting of the Lok Sabha and the Rajya Sabha. 

The Session has a heavy legislative agenda, including getting Parliament nod to three ordinances, introduction of as many as 16 bills, consideration and passage of 35 bills.

The Railway Budget will be presented on February 26, the Economic Survey the next day and the General Budget on February 28. 

ICSI - Compliance Certificate by Practicing Company Secretary (PCS) for listing of Small & Medium Enterprises (SMEs)

In recognition of the role of SMEs in economic development of the country, Securities and Exchange Board of India (SEBI) and the Stock Exchanges have laid down a conducive regulatory framework for raising resources by SMEs from the market, keeping in view the interests of investors. According to the framework, a SME meeting with the norms of listing on SME Platform of a Stock Exchange can raise resources from the market.

ICSI - Results for December 2012 examination to be Declared on 25.02.2013

The result of Foundation Programme (old syllabus), Executive Programme and Professional Programme Examinations held in December, 2012 is scheduled to be declared at 11.00 a.m. on 25th February, 2013. The results alongwith individual candidate’s subjectwise break-up of marks will be available on the institute’s website, www.icsi.edu

Guidelines on Fair Practices Code for NBFCs – Grievance Redressal Mechanism - Nodal Officer

RBI/2012-13/416
DNBS.CC.PD.No.320/03.10.01/2012-13

February 18, 2013

To
All NBFCs

Dear Sir,

Guidelines on Fair Practices Code for NBFCs – Grievance Redressal Mechanism - Nodal Officer

The Reserve Bank vide its circular dated March 26, 2012, issued revised guidelines on Fair Practices Code (FPC) for all NBFCs to be adopted by them while doing lending business. The guidelines were reviewed in view of the creation of a new category of NBFCs viz; NBFC-MFIs and also rapid growth in NBFCs’ lending against gold jewellery.

Shifting of Foreign Exchange Department, Mumbai Regional Office to Mumbai Fort Office of Reserve Bank of India

The Foreign Exchange Department, Mumbai Regional Office housed at C-7, 1st, 5th & 6th Floor, Bandra-Kurla Complex, Bandra (East), Mumbai-400 051 has since shifted to 1st Floor, Main Building, Reserve Bank of India, Foreign Exchange Department, Mumbai Regional Office, Shahid Bhagat Singh Road, Mumbai-400 001, as at the close of business of February 11, 2013. It is, therefore, requested that in future all correspondences meant for The General Manager, Foreign Exchange Department, Mumbai Regional Office, Reserve Bank of India may now be addressed to:-

France, not India, is entitled to Rs 650 crore in capital gains tax from Shantha deal: Andhra High Court

The Andhra Pradesh High Court has ruled that France, not India, is entitled to Rs 650 crore in capital gains tax arising from the sale of Hyderabad-based Shantha Biotech to Sanofi Aventis. The judgement is likely to have a calming effect on foreign investors wary about India's stance on taxing offshore transactions.

CBEC Notifies Tariff Value of Palm Oil, Palmolein, Soyabeen Oil, Brass Scrap, Poppy seeds, Gold and Silver

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION-3, SUB-SECTION (ii)]

Government of India

Ministry of Finance

(Department of Revenue)

(Central Board of Excise and Customs)

Notification No. 21/2013-Customs (N. T.)

New Delhi,  15^th February, 2013

26 Magha, 1934 (SAKA)

S.O. ____ (E).– In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs, being satisfied that it is necessary and expedient so to do, hereby makes the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 36/2001-Customs (N.T.), dated the 3^rd August, 2001, published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S. O. 748 (E), dated the 3^rd August, 2001, namely:-

Internship Programme of Department of Expenditure - Finance Ministry

The objectives and guidelines/salient features of the Internship Programme of the Department of Expenditure for Undergraduates of five year integrated course / Graduates pursing Post-Graduation or pursuing Research are given below:

Objective:-

• To familiarize willing and eligible Undergraduates pursuing five year integrated courses and Graduates pursuing Post-Graduation/Post-Graduates pursuing Research with the overall process of formulation of economic policies of the Government.
• The internship is neither a job nor any such assurance for a job in the Department of Expenditure.

To read more Click Here.

Registration of Articled/ Audit Assistants within the stipulated period as specified under Regulation 46/ 69 of the Chartered Accountants Regulations, 1988 reg.

It is brought to the notice of those students’ who have completed Orientation Programme and 100 hours Information Technology Training (ITT) and joined for the practical training under Regulation 46/69 of the Chartered Accountants Regulations, 1988 under Direct Entry Scheme are advised to complete the registration of article/ audit assistants in the approved From 103/ 113 as the case may be with the Institute within the stipulated period of 30 days as specified under Regulation 46(2)/ 69(2) of the Chartered Accountants Regulations, 1988. It is further advised that such form (i.e. Form 103/ 113 as the case may be) together with documentary evidence of complying the requirements of referred regulations should reach the concerned Regional Office within the stipulated period i.e. 30 days. Hence, such students who have commenced practical training on or before 1st February, 2013 should submit relevant papers within 30 days to the concerned Regional Office so as to appear in November, 2013.

Director, Board of Studies

On-line Application for empanelment of Chartered Accountants for the year 2013-14 with O/o CAG extended

The Last Date for On-line Application for empanelment of Chartered Accountants for the year 2013-14 with the O/o C&AG has been extended to 22nd February 2013.

Pre-fill option of personal and tax information for ITR 1, ITR 2, ITR 3, ITR 4 and ITR 4S for assessment year 2012-13 is available

The pre-fill option of personal and tax information for ITR 1, ITR 2, ITR 3, ITR 4 and ITR 4S for assessment year 2012-13 is available. Please download the applicable ITR Form from the portal. To know more on how to download, pre-fill and upload, please Click here.

CG amends Notification Nos. 100/2009-Cus, 101/2009-Cus, 102/2009-Cus & 103/2009-Cus, all dated 11.9.2009, to allow import of catalyst for one subsequent charge under EPCG scheme

                [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY,

PART II, SECTION 3, SUB-SECTION (i)]

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(DEPARTMENT OF REVENUE)

Notification No. 03/2013-Customs

New Delhi, the 13^th February, 2013

24  Magha  1934 Saka

            G.S.R. 72 (E). -  In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby directs that each of the notifications of the Government of India in the Ministry of Finance (Department of Revenue), specified in column (2) of the Table below, shall be further amended in the manner  specified in the corresponding entry in column (3) of the said Table, namely :-

RBI - Gold Deposit Scheme now enables Mutual Funds/Exchange Traded Funds registered under SEBI to deposit part of their gold with the banks

The Central Government, with a view to bringing privately held stock of gold in circulation, reduce the country’s reliance on import of gold and providing its owners with some income apart from freeing them from the problems of storage, movement and security of gold in their possession, had notified Gold Deposit Scheme 1999 on September 14, 1999. Accordingly, Reserve Bank of India vide circular No IBS 912/23.67.001/99-2000 dated October 5, 1999 had formulated guidelines for Gold Deposit Scheme to enable banks authorized to deal in gold to prepare their own Gold Deposit Schemes.

SEBI attaches Sahara properties

The regulator Securities and Exchange Board of India finally ordered attachment of assets ofSahara India Real Estate Corporation and Sahara Housing Investment Corporation.

The capital markets regulator has also ordered a freeze on all bank and demat accounts of Subrata Roy Sahara, Vandana Bhargava, Ravi Shanker Dubey and Ashok Roy Choudhary -- the promoters and directors of the two companies with immediate effect.

RBI sets up Technical Committee on Services/Facilities for the Exporters

Given the current global and Indian scenario and the importance of export sector in the overall context, the Reserve Bank of India has constituted a technical committee to examine issues relating to difficulties being faced by exporters with regard to availability of credit, transaction costs, insurance and factoring and other procedural hassles in their dealings with banks and financial institutions. The decision to set up such a committee was announced by the Governor, Dr. D.Subbarao in his meeting with bankers post Third Quarter Review of the Monetary Policy 2012-13 on January 29, 2013.

RBI Cancels the Licence of Abhinav Sahakari Bank Ltd., Rahuri Dist. Ahmednagar, Maharashtra for carrying on banking business

It is hereby notified for the information of the public that the Reserve Bank of India vide order dated February 1, 2013 has cancelled the licence of Abhinav Sahakari Bank Ltd., Rahuri, Dist. Ahmednagar, Maharashtra to carry on banking business under Section 22 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies). As such, the bank is precluded from transacting the business of 'banking' as defined in Section 5(b) of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies), including acceptance/ repayment of deposits, forthwith.

Ajit Prasad
Assistant General Manager

Press Release : 2012-2013/1369

New President & Vice President of ICAI

This is to inform you that CA. Subodh Kumar Agrawal elected as President and CA. K Raghu elected as Vice president of ICAI.

DVAT - Notification regarding procedure and form for filing Audit Report

In exercise of the powers conferred under Section 49 read with Rule 42A of the Delhi Value Added Tax Rules, 2005 ad Section 70 of the Delhi Value Added Tax act, 2004, I Prashant Goyal, Commissioner, Value Added Tax, Government of National Capital Territory of Delhi hereby notify the proceedure and Form for Filing of audit report as under:-

Due date for Filing of Balance Sheet & Profit & Loss Account in XBRL Mode is extended upto 28.02.2013

In continuation of Ministry's General Circular Nos: 16/2012 dated 06.07.2012, 34/2012 dated 25.10.2012, 39/2012 dated 12.12.2012 and 01/2013 on the subject cited above, it is stated that the time limit to file the financial statements in XBRL mode without any additional fees/ penalty has been extended upto 28th February 2013 or within 30 days from the due date of Annual General Meeting of the Company, which ever is later.

MCA relaxes additional fees and extension of last date in filing of various forms with the Ministry of Corporate Affairs

I am directed to inform you that the Ministry of Corporate Affairs has decided to extend the last date of filing and to relax the additional fees applicable on forms as per the provisions of Companies Act read with rules made there-under, which have been ought to be filed post transition of MCA 21 w.e.f. 17.01.2013, but could not be filed due to technical issues in MCA-21 system.

All Contractors engaged in Development / Construction of immovable property in Delhi to pay VAT under DVAT Act, 2004

GOVERNMENT OF NCT OF DELHI

DEPARTMENT OF TRADE AND TAXES

VYAPAR BHAWAN; I.P. ESTATE: NEW DELHI

PUBLIC NOTICE

(Attention: General Public, Companies, Group Housing Societies, Builders, Contractors, Developers, Collaborators, etc.)

1.  All Contractors/ Builders/ Developers/ Collaborators, etc. (in short contractor) engaged in development / construction of immovable properties in Delhi are required to seek registration and pay VAT under Delhi Value Added Tax (DVAT) Act, 2004, in case their turnover during a financial year exceeds 10 Lakhs.

ICSI to Accept Old prospectus / Registration form for a limited period up to 22nd Feb 2013.

It has come to institute’s notice that some students who had purchased old registration form earlier are coming to institute’s HQ/Regional Council/Chapter to deposit the same now. Please note that as a special case, in the larger interest of student community, such students are allowed to submit the Old Registration forms up to 22nd February, 2013. ( No difference amount of cost of prospectus / or registration form is to be paid by them for the same ). However, this benefit will not be available to the students in case they have any Old Examination Forms with them. They have to use only new examination forms.

ICSI - Campus Placement for Fresher Members & Students

The Institute is organizing a Campus Placement for the fresher members for job and for students for 15 Months Training on Saturday , the 16th February 2013 at ICSI- NOIDA, C-37,Sector-62,NOIDA from 10:00 am onwards.

To read more Click Here.

RBI - Opening of NRO accounts by individuals of Bangladesh Nationality

Attention of all the Authorised Dealer banks and Authorised banks (Authorised banks) is invited to Paragraph 1 of Schedule-3 of Foreign Exchange Management (Deposit) Regulations, 2000 contained in Notification No. FEMA.5/2000-RB dated May 3, 2000, as amended from time to time, in terms of which opening of Non-Resident Ordinary Rupee (NRO) accounts by individuals/ entities of Bangladesh/ Pakistan nationality/ ownership requires approval of Reserve Bank.

Signing of DTAA between Indian and Sweden

PROTOCOL AMENDING THE CONVENTION AND THE PROTOCOL BETWEEN THE REPUBLIC OF INDIA AND THE KINGDOM OF SWEDEN SIGNED FOR THE AVOIDANCE OF DOUBLE TAXATION AND FOR PREVENTION OF FISCAL EVASION WITH RESPECT TO TAXES ON INCOME AND ON CAPITAL

New Delhi: Magha 19, 1934

February 8, 2013

The Convention and Protocol between the Government of the Republic of India and the Government of the Kingdom of Sweden for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and on capital (DTAC) was first signed here on 24th June 1997. In April 2011, both India and Sweden concluded a Protocol to amend the Article 27 of the DTAC concerning Exchange of Information to bring it in line with the international standards and to add an Article in the Protocol to the DTAC to include tax examination abroad.

Recognition to Members of ICSI under SEBI (Investment Advisers) Regulations, 2013

SEBI has issued SEBI (Investment Advisers)Regulations, 2013 on January 21,2013, requiring yearly audit of Compliance by Members of ICSI.

Regulation 19 (3) reads as under :

“An investment adviser shall conduct yearly audit in respect of compliance with these regulations from a member of Institute of Chartered Accountants of India or Institute of Company Secretaries of India.”

Attach: Text of SEBI (Investment Advisers) Regulations, 2013

New/Revised Ind ASs finalised by ICAI

The following are the New/Revised Ind ASs (Post February, 2011) corresponding to the new/revised IFRSs issued by the IASB after finalisation of 35 Ind ASs hosted on the MCA’s website. These Ind ASs have been finalised by the Council of the ICAI and sent to the National Advisory Committee on Accounting Standards (NACAS) for its consideration. These are subject to any changes, which may be made by the Government before their notification.

ICAI - Revised Scheme of Revalidation of Registration for various levels of CA Course

Applicability of the Scheme:

·         The Revised Scheme of revalidation shall come into effect from 1st January, 2013 and shall be applicable to CPT, Intermediate (IPC) Course and Final students.