Fwd: TaxGuru : “XBRL eForms (Form 23AC-XBRL and Form 23ACA-XBRL) FAQs” plus 17 more

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From: TaxGuru.in - Daily Tax and Corporate Law Update <info@taxguru.in>
Date: Thu, Oct 13, 2011 at 10:04 AM
Subject: TaxGuru : "XBRL eForms (Form 23AC-XBRL and Form 23ACA-XBRL) FAQs" plus 17 more
To: palashbiswaskl@gmail.com

TaxGuru : "XBRL eForms (Form 23AC-XBRL and Form 23ACA-XBRL) FAQs" plus 17 more

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• XBRL eForms (Form 23AC-XBRL and Form 23ACA-XBRL) FAQs
• Steps for eFiling of XBRL documents
• Company Law Board (Amendment) Regulations, 2011 – Amendment in regulation 29
• RBI can not discontinue service of auditor on the complain of bank without fair and proper enquiry – Delhi HC
• Despite high volume & short holding period, shares gain is STCG – Bombay HC
• Company Law – Intercorporate Loans and Investments under section 372A
• Format of Limited Review Report For Companies Other Than Banks
• Declaration of Dividend out of Reserves and Transfer of Profits to Reserves Rules
• CBI registers case against excise officer
• Provisions Related to Acceptance of Deposit by Companies U/s. 58A r.w. Companies (Acceptance of Deposits) Rules, 1975
• ICAI Guidance Note on Certification of XBRL Financial Statements
• Provisions of Micro, Small and Medium Enterprises Development Act 2006 including tax provisions in respect of interest
• Vacancy in Posts of Member, Settlement Commission (Income Tax / Wealth Tax)
• Chief Justice of India Releases Restatements of Indian Law on Legislative Privilege, Contempt of Court and Public Interest Litigation
• ICAI Announces helpline numbers regarding november 2011 CA exams
• Memorandum of Instructions governing money changing activities
• Company Law Matters Requiring Sanction of Shareholders by Special Resolution
• Notification for Eligibility Test (ET) for Post Qualification Course on Information Systems Audit (ISA)

XBRL eForms (Form 23AC-XBRL and Form 23ACA-XBRL) FAQs Posted: 12 Oct 2011 08:34 PM PDT Whether the existing Form 23AC and Form 23ACA are to be used for filing balance sheet and profit and loss account in XBRL mode? No, the existing Form 23AC and Form 23ACA are not to be used for filing balance sheet and profit and loss account in XBRL... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Steps for eFiling of XBRL documents Posted: 12 Oct 2011 08:28 PM PDT 1. Creation of XBRL instance document 2. Download XBRL validation tool 3. Load the instance document 4. Validate the instance document 5. Pre-scrutiny of the instance document 6. Convert to pdf and verify the contents of the instance document. (This... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Company Law Board (Amendment) Regulations, 2011 – Amendment in regulation 29 Posted: 12 Oct 2011 07:05 PM PDT NOTIFICATION NO. G.S.R. 682(E), DATED 15-9-2011 Provided further that service of an order on a foreign party resident outside India shall be deemed to be sufficiently served if a copy thereof is delivered or tendered or sent by post at the last... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

RBI can not discontinue service of auditor on the complain of bank without fair and proper enquiry – Delhi HC Posted: 12 Oct 2011 06:14 PM PDT Gupta & Gupta Chartered Accountants & Anr. Versus Reserve Bank Of India & Ors. (Delhi HC) - The Delhi High Court has held as illegal the decision of RBI to discontinue the services of a Statutory Central Auditor (SCA) of Punjab... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Despite high volume & short holding period, shares gain is STCG – Bombay HC Posted: 12 Oct 2011 06:40 AM PDT CIT vs. Naishadh V. Vachharajani (Bombay High Court) -l The assessee is a marine consultant. He had carried on the business of trading in shares and had also made investments in shares. In the assessment year in question, the assessee had sold... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Company Law – Intercorporate Loans and Investments under section 372A Posted: 12 Oct 2011 01:51 AM PDT A company cannot, directly/indirectly, a. Make loan to any other body corporate b. Give guarantee/provide security in connection with any loan by any other person c. Acquire securities in any manner of any other body corporate exceeding 60%... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Format of Limited Review Report For Companies Other Than Banks Posted: 12 Oct 2011 01:48 AM PDT We conducted our review in accordance with the Standard on Review Engagement (SRE) 2400, engagements to Review Financial Statements issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Declaration of Dividend out of Reserves and Transfer of Profits to Reserves Rules Posted: 12 Oct 2011 01:23 AM PDT COMPULSORY TRANSFER TO RESERVES - No amount need be transferred to Reserves if the dividend declared does not exceed 10%. No dividend can be declared and paid in excess of 10% unless minimum amount prescribed as under is transferred to... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

CBI registers case against excise officer Posted: 12 Oct 2011 12:37 AM PDT The suspended superintendent of the office of the Director General of Central Excise and Customs (Intelligence), Pune regional unit, Krishna Mahadik is in more trouble. The Central Bureau of Investigation (CBI), Pune unit, has registered a new... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Provisions Related to Acceptance of Deposit by Companies U/s. 58A r.w. Companies (Acceptance of Deposits) Rules, 1975 Posted: 12 Oct 2011 12:30 AM PDT Section 58A of Companies Act, 1956 has put restrictions on acceptance of deposits by any company subject to rules being prescribed. Accordingly, Companies (Acceptance of Deposits) Rules, 1975 were prescribed which lay down various regulations and... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

ICAI Guidance Note on Certification of XBRL Financial Statements Posted: 12 Oct 2011 12:06 AM PDT The ICAI has issued Guidance Note on Certification of XBRL Financial Statements *, providing guidance to the practitioners in certification of XBRL formatted statements. Various MCA circulars require financial statements prepared in XBRL mode for... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Provisions of Micro, Small and Medium Enterprises Development Act 2006 including tax provisions in respect of interest Posted: 11 Oct 2011 10:47 PM PDT This Act is enacted to facilitate the promotion, development and enhancement of the competitiveness of the micro, small and medium enterprises and to address the matters connected therewith or incidental thereto. This Act came into force from 16th... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Vacancy in Posts of Member, Settlement Commission (Income Tax / Wealth Tax) Posted: 11 Oct 2011 09:58 PM PDT The Ministry of Revenue has intimated that some posts of Members of the Settlement Commission are vacant and due to be filled shortly. As per the Settlement Commission (Income Tax/ Wealth Tax) (Recruitment and Conditions of Service of Chairman,... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Chief Justice of India Releases Restatements of Indian Law on Legislative Privilege, Contempt of Court and Public Interest Litigation Posted: 11 Oct 2011 09:57 PM PDT Chief Justice of India, Shri Justice S.H. Kapadia, here today released a set of Restatement of Indian Law in the presence of legal luminaries. These Restatements of Indian Law relate to 3 subjects: Legislative Privilege, Contempt of Court and Public... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

ICAI Announces helpline numbers regarding november 2011 CA exams Posted: 11 Oct 2011 09:53 PM PDT The Help Line Desk will be functional from 11th October to 11th NOVEMBER, 2011 for 24 hours on all days (inclusive of holidays and Sundays) to attend to any query relating to the ensuing Chartered Accountant Examinations to be held in 11th NOVEMBER,... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Memorandum of Instructions governing money changing activities Posted: 11 Oct 2011 09:19 PM PDT A.P. (DIR Series) Circular No.33 ADs Category – I, ADs Category – II and FFMCs may provide facility for reconversion of Indian Rupees to the extent of Rs. 50,000/- to foreign tourists (not NRIs) against ATM Receipts based on the following documents.... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Company Law Matters Requiring Sanction of Shareholders by Special Resolution Posted: 11 Oct 2011 08:44 PM PDT To alter the provisions of the memorandum, with respect to the place of registered office of a company from one state to another (subject to confirmation by CG) or its objects and change of registered office within a state but to the jurisdiction of... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

Notification for Eligibility Test (ET) for Post Qualification Course on Information Systems Audit (ISA) Posted: 11 Oct 2011 08:15 PM PDT The next Eligibility Test for ISA PQC is scheduled to be held on Saturday the 12th November, 2011 from 08.00 a.m. to 12.00 p.m. A detailed notification giving list of centers would be hosted on Committee Portal at http://cit.icai.org by 15th... [[ This is a content summary only. Visit www.taxguru.in for full article ]]

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