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NICAI Updates 11-Nov-2014

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  • NICAI Updates 11-Nov-2014

    Mandatory to mention in PF ECR (Electronic Challan Cum Return), NCP (Non-contributory period) days of staff absent from duty & whose wages deducted by employer.

    New Utility for Tax Audit Report PR3 has been released for 3CB and 3CA and 3CD.

    Expenditure incurred on legal fees to defend criminal proceedings explained is not allowable u/s 37(1).

    Last date of filing of online/hard copy of second quarter return for the year 2014-2015, in Form DVAT-16, DVAT-17 and DVAT-48 along with required annexures/enclosures extended to 17/11/2014.

    CBDT on 06-11-2014 released revised Form 3CA-3CD & Form 3CB-3CD filing utility along with updated scheme. Revised Utility is is now available for e-filing. In clause 34 they have now allowed the import facility in csv format. They have also rectified the mistake that was there in the reference to column numbers in the last column.

    Revision of assessment order solely at the behest of A. G. audit objections not sustainable case of M/s. Mahavir Traders v/s the State of Gujarat, the Gujarat Value Added Tax Tribunal.

    Postponement of examination of group-I, paper-4, of Intermediate (IPC) examination scheduled for 14th November - 2014 to 22nd November - 2014 from 2.00 PM to 5.00 PM. The venue and timing of the said examination will remain unchanged.

    NIRC is organizing a workshop on valuation under the aegis of CL&CGC of ICAI on 11th November, 2014 at IMA Hall, ITO, and New Delhi from 04.30 PM- 07.30 PM.
    Last edited by SwatiSood; 11-11-2014, 05:00 PM.
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