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ICAI announcement : Regarding Extension of Registration Date for Integrated Professional Competence Course (IPCC) May Attempt Onward


January 30, 2012 IMPORTANT ANNOUNCEMENT Sub: Extension of date for registration for Integrated Professional Competence Course (IPCC) In order to mitigate the hardship being faced by the students in registering for Integrated Professional Competence Course (IPCC), the Council at its 312th Meeting held from 25-27th December, 2011 decided to pass the following Resolution:- “Resolved that […]

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ICAI : Double home loan repayment exemption limit to Rs 3 lakh


29th Jan 2012 | Sunday Seeking relief for home buyers, accounting regulator ICAI has asked the Finance Ministry to double the tax exemption limiton loan repayment to Rs 3 lakh. “…it is suggested that the deduction in respect of interest on housing loan in case of self occupied property should be increased from Rs 1.5 […]

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All about Set off and carry forward of losses and their Exceptions


You can also download this file in PDF Format: Click here Set off and carry forward of loss Carry forward of loss other than speculation loss – Carry forward of loss is permitted only when return is filed in time. In case of closely held company, unabsorbed loss can be carried forward only if at […]

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What to do if it is forgotten or lost TAN Registration Number


What is a TAN Registration Number( TRN) TIN website provides for  registration of TAN by deductor , which is necessary , among other things, for downloading consolidated fvu file, Form 16A text file.  When a deductor applies for TAN Registration online , a confirmatory email  is sent giving 12 digit TAN Registration Number. Example : […]

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CA commits suicide over family dispute in New Delhi


New Delhi, 28th Jan 2012 A 40-year-old chartered accountant committed suicide at his house in Rohini in outer Delhi in the wee hours of Saturday, the police said. The deceased, identified as Bharat Bhushan Chawla, a resident of Rohini Sector 16, was apparently under stress over a family dispute. Bharat had been staying with his […]

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