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NICAI UPDATES (4th Nov, 2014)

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  • NICAI UPDATES (4th Nov, 2014)

    Madras High Court stays clause 7 of CBDT order dated 26-09-2014 regarding extension of ITR due Date A.Y. 2014-2015 with levy of interest u/s 234A.

    FCRA regd. Associations pays expenses/ payments of 20000 or more by Cheque/DD to avoid intensive scrutiny of records & accounts by Govt. MHA Circular of 21-10-2014.

    W.e.f. 01.04.2014, CSR spending mandatory for PSEs as per guidelines on Corporate Social Responsibility & Sustainability for Central Public Sector Enterprises.

    VAT Dealers- in a recent change under the Delhi VAT, Objections against any order of the assessing Officer will only be filed online and manual objections which are not generated from the system will not be considered.

    Interest is payable in case of inordinate delay in sanctioning rebate claim even if the assessee did not challenge the Order sanctioning refund without interest [Rajan Overseas vs. Comm. of Central Excise 2014 49 taxmann.com 471 (Delhi)].
    Neha Rani
    Success doesn't come to u , U Go To It....
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