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Income Tax Act NICAI July 2014 Updates

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  • Income Tax Act NICAI July 2014 Updates

    The provisions of section 269SS of the Income Tax Act does not gets attracted where the amount is transferred to a loan account in the form of book entry [CIT vs. Worldwide Township Projects Ltd., High Court of Delhi]

    Attention CA Firms, last date to submit online form on www.meficai.org for empanelment for bank audit etc. for 2014-2015 is 04-08-2014. Submit hard copy by 14-08-2014.

    No annual physical demat statement by DP if balance is zero and no transaction during year, if annual charges not paid e-statements to be sent,.[ SEBI Circular of 01-07-2014].

    Disciplinary proceedings can’t continue after retirement in The Supreme Court of India [Dev Prakash Tewari vs. U.P. Coop Institutional Service Board].

    Register for certificate course on concurrent audit at Yamuna Nagar branch of NIRC of ICAI to be held on 26-27 July 02-03 and 09-10 August 2014. For more detail contact 01732223111.
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