Announcement

Collapse
No announcement yet.

NICAI Updates 27-Feb-2015

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • NICAI Updates 27-Feb-2015

    Income of female assessee cannot be added to income of other family members/ concern merely based on her statement. [Smt. Meena Garg vs DCIT (ITAT Chandigarh)].

    Tribunal could not restore appeal when assessee did not pray for extension of pre-deposit time before High Court and Supreme Court – [Kissan Gramodyog Sansthan vs. Commissioner of Central Excise, Kanpur (Allahabad)].

    MCA introduces Form GNL-4 for filing addendum for rectification of defects or incompleteness notification dated 24th February, 2015.

    W.e.f F.Y.2015-2016, auditor report to state about existence of adequate internal financial controls system and its operating effectiveness. Optional for F.Y. 2014-2015.

    Collector of stamps can impound lease deed and levy penalty up to 10 times of unpaid deficient stamp duty in case of deficient stamping/ non-registration.

    Any person who is found to be guilty of fraud u/s. 447 of Companies Act, 2013 imprisonment for a term which shall not be less than 6 months but which may extend to 10 years and fine.

    Furnish in GNL4 as an addendum, any further information or documents called for, in respect of application or e-form or document e-filed. [MCA Notification of 25.02.2015].

    Railway budget. No increase in passenger fares. SMS alert to inform about arrival and departure. Nationwide 24X7 helpline. Mobile Application. Wi-Fi in 400 stations.

    CHAs/Importers expedite clearance and take out of charge bills of entry before 5 PM on 28.02.2015 as submission and section 48 approvals to stop for budget changes.

    OD up to 5000 in PM Jan-Dhan Yojana accounts to be priority sector advance [Household Annual Income up to 60000 (Rural) and 120000 (Others)]. [RBI Notice of 25.02.2015].
    Last edited by PriyankaDhariwal; 02-27-2015, 03:11 PM.
Working...
X