Re: [aurangabad_ca] Digest Number 737
Kindly give the information regarding Post Qualification Course on Diploma
in Risk Management (DIRM)
CA R.N.KHAIRNAR
JALGAON
Posted: 23 Dec 2009 11:45 PM PST
Kind
attention of the members pursuing Post Qualification Course on Diploma
in Insurance and Risk Management (DIRM) who have yet to pass
Eligibility Test (ET) Papers is invited towards the last date for
submission of ET Papers in order to become...
----- Original Message -----
From: <aurangabad_ca@
To: <aurangabad_ca@
Sent: Tuesday, December 29, 2009 7:30 PM
Subject: [aurangabad_
AURANGABAD CHARTERED ACCOUNTANTSAURANGAB
Messages In This Digest (9 Messages)
1. Goods and service tax and its implications From: SUDHIR HALAKHANDI
2. don't get efilling receipt From: Poonam Vaishnav
3. UPDATES FROM TAXGURU 25.12.2009 From: Tax Guru
4. INTERNET BANKING FRAUD IN CASE OF ICICI BANK SITE - 'ICICICARE=036-
From: Brajesh Agarwal
5. Won’t meet 1 April target to start GST: Mukherjee From: SUDHIR
HALAKHANDI
6. exemption u/s 80IB (10) e INCOME TAX ACT From: chetan malviya
7a. Re: Additions by ITO on account of bogus cash sales From: Harish
Lalwani
8. Thank You for making F4F an astounding success From: Forum4Finance
9. Fw: {Amresh's CA's} Applications for Empanelment as Stock Auditor From:
UNMESH Narvekar
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1. Goods and service tax and its implications
Posted by: "SUDHIR HALAKHANDI" sudhir.halakhandi@
sudhir.halakhandi
Tue Dec 29, 2009 3:36 am (PST)
Â
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GOODS AND SERVICE TAX
Â
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Goods and service tax and its implications
Â
25 Dec 2009, 0412 hrs IST, ET Bureau
Â
Â
The government is making frantic attempts to roll out a comprehensive
goods and services tax (GST) from April 1, 2010. ET takes a look at this tax
and its implications.
Â
What is Goods and Services Tax?
Â
The Goods and Services Tax(GST) is a tax we have to pay every time we buy
goods or services. In this system, the consumer pays the final tax but an
efficient input tax credit system ensures that there is no cascading of
taxes â€" tax on tax paid on inputs that go into manufacture of goods. Put
simply, GST is levied only on the value-added at every stage of production.
The price of any input going into production will have a cost and a tax
component. The system ensure that when the final tax is calculated, the tax
paid on input is taken out and the tax is levied only on the cost of the
good produced. It is therefore, also known as value added tax in some
countries and trade blocks.
Â
Why is it considered a better system than the current one?
Â
Currently there are a multiple of indirect taxes -- central taxes such as
excise duty, service tax, countervailing duty, special additional duty on
customs, all cesses and surcharges and state taxes including value added
tax(VAT), sales tax, entertainment tax, luxury tax, tax on lottery, betting
and gambling, entry tax and state cesses and surcharges. This causes
effective tax rate to be high and the differences across states fragments
the national market along state boundaries. GST will replace all these taxes
with a simple levy, lowering effective tax on goods and creating a national
market in goods and services.
Â
What is the GST model India plans to adopt?
Â
Most countries have a unified GST system. India, however, has opted for a
dual GST system prevalent in Brazil and Canada. Under the dual GST model,
both the centre and states, have the right to levy and collect tax on the
sale of goods. Consultations are on between the centre and the state
government through the empowered committee of state finance ministers to
finalise the detailed structural framework of the tax.
Â
What will be the GST rate?
Â
There is no decision yet on the rate structure of GST. A task force set up
by the Thirteenth Finance Commission that gave its report recently
recommended a rate of 12%. States, however, have said they will not settle
for a rate less than 15%. Internal studies carried out by the centre and
various states point to rate of 14-16%. At present, the talks have veered
around to the view that there should be two slabs-- one lower or floor rate
for essential items and another higher or effective rate for most items.
There will also be an exempted list of items and a lower rate of 1% for
precious metals such as gold, platinum, silver.Â
Â
Â
Â
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2. don't get efilling receipt
Posted by: "Poonam Vaishnav" bhavinkanabar25@
Tue Dec 29, 2009 3:38 am (PST)
Respected sir,
I have got complete my return with e-file facility from our official site
&
sent a copy to our bangloure office within specified time limit but i
still
haven't got acknoledgement for it. so please tell us what is the next
proccedure for it.
Please rely me immidiately sir.
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3. UPDATES FROM TAXGURU 25.12.2009
Posted by: "Tax Guru" taxgurusandeep@
Tue Dec 29, 2009 3:38 am (PST)
UPDATES FROM TAX GURU (in this message: 22 new items)
No Service tax on services provided abroad prior to April 18, 2006
Law Commission in favour of amendment in Indian Stamp Act 1899 and the
Court-fees Act 1870
SEBI constituted Takeover Regulations Advisory Committee (TRAC) will
review Takeover Code
Exempt long term capital gain capital gains to be included for MAT
computation: Delhi ITAT
Amendment to Section 43B on deduction of contribution for PF,
superannuation fund, gratuity fund etc is retrospective
VAT Cir â€" 35T of 2009 â€" Rate of tax, Set-off on Timber for the period
1.04.2009 to 30.06.2009 â€" Clarification
Eligibility
criteria, conditions and procedure for application of administrative
relief on account of the delay in obtaining the MVAT certificate of
registration
Ministry of corporate affairs: preparing ground for Indian corporates to
play global
Mobile Banking Transactions in India â€" Operative Guidelines for Banks
Checklist for rights issue of shares
Report of Task Force on GST by the Thirteenth Finance Commission â€" A
synopsis
ICAI allowed ca students to undergo their mandatory three-year training
programme outside India
ICAI will hear Satyam auditor first before passing any order against them
Provisions of section 40(a)(ia) of Income Tax Act, 1961 is
constitutionally valid
Income from convention centre run by a hotel company is eligible to
expenditure tax
Tribunal got the power to rectify mistake apparent from the record but not
empowered to rectify its own under u/s. 254(2)
Applicability of TDS on payment made for purchase of software from
non-residents
Unilateral remission/cessation of liability by assessee will amount to
obtaining of benefit under section 41(1)
Valuation of Perquisites under the Income Tax Act and Rules for the
salaried employees for A.Y. 2010-2011
WIRC election status as on 24.12.2009
Applications for Empanelment as Stock Auditor with Allahabad Bank
For the kind information of the DIRM Course pursuing members
No Service tax on services provided abroad prior to April 18, 2006
Posted: 24 Dec 2009 07:07 PM PST
The
Supreme Court has upheld a Bombay High Court ruling saying that the
Government cannot levy service tax on services provided outside the
country. The order pertains to service tax for the period from March 1,
2002 to April 17, 2006.
[[ This is a content summary only. Visit my website www.taxguru.
full article ]]
Law Commission in favour of amendment in Indian Stamp Act 1899 and the
Court-fees Act 1870
Posted: 24 Dec 2009 07:07 PM PST
The
Law Commission is in favour of amending the country's archaic Indian
Stamp Act 1899 and the Court-fees Act 1870, which entail payment of
stamp duty on instruments and court-fee on documents to be filed in
courts only in the form of adhesive...
[[ This is a content summary only. Visit my website www.taxguru.
full article ]]
SEBI constituted Takeover Regulations Advisory Committee (TRAC) will
review Takeover Code
Posted: 24 Dec 2009 07:02 PM PST
The
single-most important regulation in India, governing the acquisition of
shares or control in an Indian listed company is the SEBI (Substantial
Acquisition of Shares and Takeover) Regulations, 1997, or the Takeover
Code. In the backdrop of...
[[ This is a content summary only. Visit my website www.taxguru.
full article ]]
Exempt long term capital gain capital gains to be included for MAT
computation: Delhi ITAT
Posted: 24 Dec 2009 06:50 PM PST
In
a recent ruling Delhi Income Tax Appellate Tribunal (ITAT) in the case
of Growth Avenue Securities Pvt. Ltd. (Taxpayer) v DCIT [ITA No.
3912/Del/2005] on the issue of inclusion of capital gains in book
profits while computing Minimum Alternate...
[[ This is a content summary only. Visit my website www.taxguru.
full article ]]
Amendment to Section 43B on deduction of contribution for PF,
superannuation fund, gratuity fund etc is retrospective
Posted: 24 Dec 2009 06:40 PM PST
This
Tax Alert summarizes a recent ruling of the Supreme Court (SC)
[AIT-2009-450- SC] in a batch of cases represented by the lead case of
Alom Extrusions Ltd. (Taxpayer) as to whether amendment to Section 43B
(Section) of the Indian Tax Law (ITL),...
[[ This is a content summary only. Visit my website www.taxguru.
full article ]]
VAT Cir â€" 35T of 2009 â€" Rate of tax, Set-off on Timber for the period
1.04.2009 to 30.06.2009 â€" Clarification
Posted: 24 Dec 2009 05:56 PM PST
You
are aware that rate of tax on timber was reduced to 4% in the Budget
Speech of Hon’ble Finance Minister, Maharashtra for the year 2008-09.
This reduction in rate has been made with retrospective effect from 1st
April 2009. The Gazette...
[[ This is a content summary only. Visit my website www.taxguru.
full article ]]
Eligibility
criteria, conditions and procedure for application of administrative
relief on account of the delay in obtaining the MVAT certificate of
registration
Posted: 24 Dec 2009 05:47 PM PST
This
condition would be applicable to all the pending applications for
administrative relief as well as the fresh applications that will be
made. In case of pending applications dealer should file returns in
respect of the URD period for which he...
[[ This is a content summary only. Visit my website www.taxguru.
full article ]]
Ministry of corporate affairs: preparing ground for Indian corporates to
play global
Posted: 24 Dec 2009 05:40 PM PST
In
recent times, Ministry of Corporate Affairs has taken a number of
initiatives by introducing e-stamping with MCA-21 to further facilitate
the e-registration of companies. It has also made the Competition
Commission of India (CCI) and...
[[ This is a content summary only. Visit my website www.taxguru.
full article ]]
Mobile Banking Transactions in India â€" Operative Guidelines for Banks
Posted: 24 Dec 2009 05:38 PM PST
Transaction
limit: In amendment of provisions of paragraph 8.1 of the above
guidelines, banks are now permitted to offer this service to their
customers subject to a daily cap of Rs 50,000/- per customer for both
funds transfer and transactions.
[[ This is a content summary only. Visit my website www.taxguru.
full article ]]
Checklist for rights issue of shares
Posted: 24 Dec 2009 06:18 AM PST
2)
Period for which the issue may remain OPEN:Rights offer shall be made
by Notice specifying the number of shares offered and limiting a time
not being less than 15 days from the date of the offer within which the
offer, if not accepted, will...
[[ This is a content summary only. Visit my website www.taxguru.
full article ]]
Report of Task Force on GST by the Thirteenth Finance Commission â€" A
synopsis
Posted: 24 Dec 2009 05:58 AM PST
Further
to the First Discussion Paper released by the Empowered Committee of
State Finance Ministers on 10 November 2009, the Finance Commission has
released its report giving its recommendations on GST design
implementation.
[[ This is a content summary only. Visit my website www.taxguru.
full article ]]
ICAI allowed ca students to undergo their mandatory three-year training
programme outside India
Posted: 24 Dec 2009 05:27 AM PST
Accounting
regulator Institute of Chartered Accountants of India (ICAI) has
allowed Indian students of chartered accountancy to undergo their
mandatory three-year training programme outside India. This means that
even ICAI members working with a...
[[ This is a content summary only. Visit my website www.taxguru.
full article ]]
ICAI will hear Satyam auditor first before passing any order against them
Posted: 24 Dec 2009 05:25 AM PST
Accounting
regulator ICAI said on Wednesday it would give auditors of Price
Waterhouse in the Satyam scam a chance to present their side before
passing any order against them. "I told my office to take permission of
the court because I want...
[[ This is a content summary only. Visit my website www.taxguru.
full article ]]
Provisions of section 40(a)(ia) of Income Tax Act, 1961 is
constitutionally valid
Posted: 24 Dec 2009 05:12 AM PST
Section
40(a)(ia) cannot be read in isolation but must be read along with its
proviso and when it is read in that manner, there would be no scope to
hold that there will be any harsh treatment meted out to any assessee
in the matter of dis-allowance.
[[ This is a content summary only. Visit my website www.taxguru.
full article ]]
Income from convention centre run by a hotel company is eligible to
expenditure tax
Posted: 24 Dec 2009 04:50 AM PST
For
the purpose of Expenditure Tax Act, 1987 the convention center managed
by a hotel is an extension of the hotel itself and therefore, rent
collection from the convention center shall be eligible for the levy of
expenditure tax.
[[ This is a content summary only. Visit my website www.taxguru.
full article ]]
Tribunal got the power to rectify mistake apparent from the record but not
empowered to rectify its own under u/s. 254(2)
Posted: 24 Dec 2009 04:47 AM PST
The
Tribunal has got the power of rectifying a mistake which is apparent
from the record itself and even an error of judgment is outside the
ambit of section 254(2) of the Income-tax Act, 1961
[[ This is a content summary only. Visit my website www.taxguru.
full article ]]
Applicability of TDS on payment made for purchase of software from
non-residents
Posted: 24 Dec 2009 04:42 AM PST
The
Tribunal was incorrect in holding that since the assessee had purchased
only a right to use the copyright i.e., the software, and not the
entire copyright itself, the payment cannot be treated as Royalty as
per the Double Taxation Avoidance...
[[ This is a content summary only. Visit my website www.taxguru.
full article ]]
Unilateral remission/cessation of liability by assessee will amount to
obtaining of benefit under section 41(1)
Posted: 24 Dec 2009 04:34 AM PST
We
have considered the rival submissions and also perused the relevant
material on record. It is observed that the amount of liability in
question in respect of TISCO written back by the assessee company in
its accounts was treated by the...
[[ This is a content summary only. Visit my website www.taxguru.
full article ]]
Valuation of Perquisites under the Income Tax Act and Rules for the
salaried employees for A.Y. 2010-2011
Posted: 24 Dec 2009 03:15 AM PST
Valuation
of Perquisites under Rule 3 of Income Tax Rule 1962 read with sub
section 2 of section 17 of Income Tax Act, 1961 (As Revised wide Income
Tax (Thirteenth Amendment) Rules. 2009). The Finance (No. 2) Act, 2009,
has withdrawn the levy of...
[[ This is a content summary only. Visit my website www.taxguru.
full article ]]
WIRC election status as on 24.12.2009
Posted: 24 Dec 2009 12:41 AM PST
1. Verlekar Gautam Eliminated.2. Paliwal Dayaram eliminated 3. Agarwal
Subhash Hariprasad Eliminated
4. Kailash Mantry Eliminated. THE CANDIDATE WISE POSITION AT ELIMINATION
NO: 6, WAS AS FOLLOWS:
[[ This is a content summary only. Visit my website www.taxguru.
full article ]]
Applications for Empanelment as Stock Auditor with Allahabad Bank
Posted: 24 Dec 2009 12:09 AM PST
#
Allahabad Bank, Zonal Office, Hyderabad invites applications / Biodata
in the format as per Annexure-A, from practicing firms of Chartered
Accountants of India having an office in the state of Andhra Pradesh
and are willing to have their firm...
[[ This is a content summary only. Visit my website www.taxguru.
full article ]]
For the kind information of the DIRM Course pursuing members
Posted: 23 Dec 2009 11:45 PM PST
Kind
attention of the members pursuing Post Qualification Course on Diploma
in Insurance and Risk Management (DIRM) who have yet to pass
Eligibility Test (ET) Papers is invited towards the last date for
submission of ET Papers in order to become...
[[ This is a content summary only. Visit my website www.taxguru.
full article ]]
With Regards,Â
CA Sandeep KanoiÂ
Website:Â http://www.taxguru.
Get LEGAL & FINANCIAL UPDATES FROM TAX GURU delivered by emai
The INTERNET now has a personality. YOURS! See your Yahoo! Homepage.
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4. INTERNET BANKING FRAUD IN CASE OF ICICI BANK SITE - 'ICICICARE=036-
Posted by: "Brajesh Agarwal" bagarwal@ocl.
Tue Dec 29, 2009 3:38 am (PST)
FOR INFORMATION OF ALL.
WITH BEST REGARDS
CA BRAJESH AGARWAL
9818623388 (M)
____________
From: Head Service Quality [mailto:headservicequality@
Sent: Friday, December 11, 2009 6:26 PM
To: Brajesh Agarwal
Subject: RE:'ICICICARE=
Verification Process Needed
Dear Customer,
Thank you for writing to us and bringing this e-mail to our notice.
We wish to inform you that the e-mail you have received has not been sent
by ICICI Bank.
This is a scam called "phishing" wherein certain individuals/
solicit, through e-mail, personal information like Internet Banking User id,
passwords, credit / debit card numbers, bank account information, or other
personal and sensitive information from unsuspecting customers . Clicking on
the link or even pasting it in the address bar of your browser will take you
to a fraudulent site. This fraudulent link will normally not have the
padlock sign in the tool bar which will discriminate this site from our
genuine site ( icicibank.com )
We urge you not to reply to such e-mails. Please do not share any of your
personal information in response to such mails. ICICI Bank will not ask for
this information via e-mail or by directing you to a link online.
If you have revealed your account details in response to this e-mail or
any such, please call and inform our ICICI Bank 24-hour Customer Care
immediately and put in a request to block your user id and password.
You may continue to transact with ICICI Bank by typing ( icicibank.com )
in the address bar of your browser window without any apprehension. We
reassure you that we use the latest encryption and SSL security devices to
make our web site safe for use.
May we request you also to forward this e-mail to your friends and family
members so they too are aware of similar "phishing" scams.
Please visit the 'Safe Banking' section on our web site for "Safety Tips"
and more information on a secure online banking experience.
We reiterate that ICICI Bank acts at all times with in good faith, with
diligence and without any intent prejudicial to the interests of its
customers.
Thank you,
Sincerely,
Ratheesh Achath
Office of Head Service Quality
CONFIDENTIALITY INFORMATION AND DISCLAIMER
This e-mail message may contain confidential, proprietary or legally
privileged information. It should not be accessed by anyone who is not the
original intended recipient. If you have erroneously received this message,
please delete it immediately and notify the sender.You will appreciate that
e-mail transmission cannot be guaranteed to be secure or error-free as its
contents are susceptible to loss, damage, interception, destruction, etc.
Before opening any attachments please check them for viruses and defects.The
notice appended to the emails is not intended to prejudice the interests of
our customers in any manner or to evade responsibility for any act of done
with the endorsement of ICICI Bank.
____________
From: ICICI Bank [mailto:rene@blueline-
Sent: Tuesday, December 08, 2009 12:27 AM
Subject: Important Alert: Instant Verification Process Needed
[https://infinity.
Dear Customer ,
Your account have been flagged for security issues
Log In into your account to resolve the problem.
Log In To Your
Account<http://www.wisdomal
ICICI apologises for all inconvinences arising from this action.
Thank you for using ICICI Bank !
Copyright(c) 2009 - ICICI Bank. All rights reserved.
Information on protecting yourself from fraud, please review the Security
Tips in our Security Center.
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5. Won’t meet 1 April target to start GST: Mukherjee
Posted by: "SUDHIR HALAKHANDI" sudhir.halakhandi@
sudhir.halakhandi
Tue Dec 29, 2009 3:40 am (PST)
Â
Â
Won’t meet 1 April target to start GST: Mukherjee
Â
Â
Niladri Bhattacharya / Reuters
Â
Kolkata: India will not meet its 1 April target for implementing a
nationwide goods and services tax (GST) as it works towards an agreement
with state governments, finance minister Pranab Mukherjee said on Thursday.
Â
The targeted 1 April deadline for launching GST, which is intended to
simplify the country’s revenue system, broaden the tax base and minimize
exemptions, had been increasingly in doubt given the opposition at the state
level.
Â
“We will not be able to meet the GST deadline. We are trying hard for a
consensus among states. It will be possible only at an appropriate time,â€
Mukherjee said. Earlier this year, the head of a government panel said
implementing GST could boost revenue by $15 billion (Rs70, 200 crore) a year
by increasing exports, lifting employment and driving growth.
Â
Mukherjee also said the government is not considering a withdrawal of
stimulus until the economy recovers completely.
Â
“Stimulus package was injected to boost the economy. Unless the full
recovery is possible and when the planners are able to make an assessment
that it is time to withdraw, then only the stimulus package will be
withdrawn,†he said.
Â
Source: - Livemint.com
Â
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6. exemption u/s 80IB (10) e INCOME TAX ACT
Posted by: "chetan malviya" chetanngp@yahoo.
Tue Dec 29, 2009 3:42 am (PST)
Sir,
Finance (No 2) Act 2009 which is passed in August 2009 has made amendment
in Sec 80 (IB) (10) (e) which has laid additional condition for deduction.
U/s 80(IB) (10)
It Read as follows.
(e) “Not More than one residential unit in the housing project is
allotted to any person net being an individual or if an individual then to
his spouse or minor child, HUF etc.â€
This amendment is made effective A.Y. beginning from 01/04/2010 i.e. F.Y.
2009-10. My Query is follows.
Whether the exemption will be available to an enterprise which allots a
residential unit to a individual and his spouse {so it attracts Sec 80 (IB)
(10) (e) and (f)} but transaction of sale is completed and entire money is
received or, Sale deed is executed between 01/04/2009 to July 2009 before
passing of the budget .
Because the Said amendment is retrospective in effect from 01/04/2009 to
date of passing of budget and if such transaction as referred in Sub section
‘e’ & ‘f’ are carried from 01/04/2009 to Budget passing date, it
would be harsh on enterprises to be denied exemption U/s 80 (IB) (10) on
this ground.
‘Pl advise’
CA CHETAN MALVIYA
NAGPUR
9921548387
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7a. Re: Additions by ITO on account of bogus cash sales
Posted by: "Harish Lalwani" siddheshlalwani@
Tue Dec 29, 2009 3:46 am (PST)
This is nothing but rejecting your books of account. There has to be valid
reason to do so, pointing out clearly what is wrong and why the AO cannot
rely on the books for computing the income. Any ad-hoc way of computing
income like adding to your income based on GP or enhanced NP ratio will be
annulled in the appeal proceedings.
Harish Lalwani
From: aurangabad_ca@
On Behalf Of CA. DEEP KUMAR JAIN
Sent: Thursday, December 24, 2009 6:51 AM
To: aurangabad_ca@
Subject: Re: [aurangabad_
sales

A.O. has to record the finding, that cash memo sle is bogus sale. u can
prove the genuinity of sale by preparing quantitative details. Take the
matter in appeal and u will definitietly get relief.
Thanks & Regards:
CA. DEEP KUMAR JAIN
A-1/5,NEELAM BATA ROAD,NEHRU GROUND
NIT FARIDABAD
PH: (O) 0129-2415767, MOBILE: 9810405767
----- Original Message -----
From: madhu tapuriah <mailto:tapuriahmadhu@
To: aurangabad_ca@
Sent: 23 December, 2009 3:19 PM
Subject: [aurangabad_
Respected members
I seek your opinion on the following case:
In case of cash memo sale,the assessing officer treat some times the whole
sale as bogus sale & in turn add back certain percentage of the total sale
(say 10 %) to the income of assessee.
Can any member suggest any remedy in the appeal before CIT (A)
Regards
CA M S Tapuriah
_____
The INTERNET now has a personality. YOURS! See your Yahoo! Homepage
<http://in.rd.
_____
The INTERNET now has a personality. YOURS! See your Yahoo! Homepage
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8. Thank You for making F4F an astounding success
Posted by: "Forum4Finance" forum4finance@
Tue Dec 29, 2009 3:47 am (PST)
Your email client cannot read this email.
To view it online, please go here:
http://www.forum4fi
To stop receiving these
emails:http://www.forum4fi
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9. Fw: {Amresh's CA's} Applications for Empanelment as Stock Auditor
Posted by: "UNMESH Narvekar" unmeshnarvekarca@
unmeshnarvekarca
Tue Dec 29, 2009 3:52 am (PST)
Â
With Warm Regards;
CA UNMESH NARVEKAR
M. Com., F.C.A., I.C.W.A., C.S., D.I.S.A.
(Secretary-Vasai Branch of WIRC of ICAI)
____________
M/S. Unmesh Narvekar & Co.
A/004, New Mira Palace Soc. Ltd.,
Siddhivinayak Nagar, Mira Road (E),
Thane-401104, INDIA
Tel: 022 â€"28457965 / 9821236179
----- Forwarded Message ----
From: anupam sharma <ca_anupamsharma@
To: meerut <icai_circ_meerut_
Sent: Fri, December 25, 2009 9:45:05 AM
Subject: {Amresh's CA's} Applications for Empanelment as Stock Auditor
Â
Applications for Empanelment as Stock Auditor
1. Allahabad Bank, Zonal Office, Hyderabad invites applications / Biodata
in the format as per Annexure-A, from practicing firms of Chartered
Accountants of India having an office in the state of Andhra Pradesh andÂ
are willing to have their firm empaneled as Stock Auditor in the Bank.
2. The panel of auditors maintained earlier years since expired and will
not be used for appointment of internal stock audit jobs and are required to
apply afresh. The Bio-data should be submitted in the format to The ChiefÂ
      Manager (Credit Monitoring), Allahabad Bank, Zonal Office:
3-6-435, 1st Floor, Himayatnagar Main Road, Hyd- 29, only by postal service
/ courier.
3. “Application for empanelment for Stock audit-2009†should beÂ
mentioned on the envelope carrying Bio-data.
4. Mere submission of application does not, in any way, entitle you nor is
bank under any obligation to empanel you as stock auditor. Bank also
reserves the right to accept or reject any or all of the applications so
received without assigning any reason.
5. The following type of audit firms are not eligible for
empanelment and need not submit their Bio-data:
a) Existing concurrent auditors of the bank.
b) Audit firms who have conducted statutory audit of Allahabad bank
branches for the year 2008-09
c) Associate concerns of Audit firms who have conducted statutory audit of
Allahabad bank branches for the year 2008-09, defined as under by RBI:
“Associate concerns means any corporate body or partnership firm wherein
the proprietor and/or partner(s) of the statutory audit firm and/or their
relative(s) is/are Directors or partners and/or jointly or severally hold
20% or more of the interest in the corporate body or partnership.
“Relative†for this purpose will mean the spouse or any lineal ascendant
or descendantof the proprietor or partner of the statutory audit firm.â€
6. If the space provided for against any item in the Bio-data format is
not sufficient, details may be furnished in a separate sheet.
7. All enclosures must be attested as true copy under seal by the
proprietor / at least one partner in case of partnership firm)
8. Any change in the Bio-data format will result in rejection of the same.
9. The last date for receipt of applications is 02.01.2010.
CA ANUPAM SHARMA
V.CHAIRMAN MEERUT BR OF CIRC OF ICAI
16- HANS PLAZA , OPPOSITE AMRAPALI
CINEMA , GARH ROAD ,
MEERUT. ( U.P )
PH. 0121-2603834 , 2760466
FAX : 0121 - 2603834
MOBILE - 09837138740
SMS- 9219638440
Â
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