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Penalty u/s 271D & 271E of the Income Tax Act can't be levied on transaction entered into through journal voucher. [Goldstar Electricals Pvt. Ltd. vs. ACIT, ITAT – Mumbai].
CBDT has issued clarifications on rollback provisions of Advance Pricing Agreement Scheme as subsequent to the notification of the rules, has decided to adopt a question and answer format.
The transaction of replacement of defective spare parts during warranty amounts to sale and levy of tax on said sale is justified. [Kataria Automobiles (P) Ltd. vs. SOG. High Court of Gujarat].
BSE is moving towards the XBRL (Extensible Business Reporting Language) based reporting for shareholding pattern with effect from June 11, 2015.
RBI issued clarification that utility bills like post paid mobile bill, water bill etc valid proof of address to open the Bank A/c.
RBI has permitted Non- Resident Indians (NRIs) to invest in regulated chit funds on non-repatriation basis.
NIRC of ICAI is organizing Yoga Shivir for Members and Students on World Yoga Day on 21st June from 6 A.M. - 7.30 A.M. at Central Park Opp. DAV School, Shrestha Vihar, Delhi-92.
CBDT allowing revision of Wealth Tax Return u/s 25 beyond specified date. [Notification Dated-11th June 2015].
ITAT Amritsar Bench issued order u/s 234E of the Income Tax Act in favour of assessee. [Sibia Healthcare Pvt Ltd vs DCIT].
Service Tax Department issued clarification that 14% tax will not apply to non-AC restaurants. Even AC restaurants will charge Tax @ 14% only on 40% of bill amount. The effective tax will be 5.6% on full bill.
Supreme Court upholds plea of revenue neutrality in case of captive consumption to set aside invocation of extended period. [Nirlon Ltd. vs. Commissioner of Central Excise, Mumbai].
Private and Public companies are no longer required to have minimum paid up share capital of 1 Lakh and 5 Lakh Rupees. respectively. The Companies (Amendment) Act, 2015.
The revised form CRA-2 and CRA-4 have now been notified by MCA on 12th June, 2015 and is available for filing. The additional fee on delay is waived till 30th June, 2015.
RBI issued Master Circular for “Non-Banking Financial Companies – Corporate Governance (Reserve Bank) Directions, 2015” vide Notification No. RBI/2014-15/632DNBR (PD) CC No.040/03.01.001/2014-15.
Canara Bank invites applications from CA Firms for conducting Concurrent Audit in the 650 branches from 01.07.2015 to 30.06.2016. Last Date to apply 26.06.2015.
Corporate Social Responsibility (CSR) Committee of ICAI seeks suggestions from members at large on the various CSR activities that can be undertaken by them as CAs/CA Firms.
CBDT has issued clarifications on rollback provisions of Advance Pricing Agreement Scheme as subsequent to the notification of the rules, has decided to adopt a question and answer format.
The transaction of replacement of defective spare parts during warranty amounts to sale and levy of tax on said sale is justified. [Kataria Automobiles (P) Ltd. vs. SOG. High Court of Gujarat].
BSE is moving towards the XBRL (Extensible Business Reporting Language) based reporting for shareholding pattern with effect from June 11, 2015.
RBI issued clarification that utility bills like post paid mobile bill, water bill etc valid proof of address to open the Bank A/c.
RBI has permitted Non- Resident Indians (NRIs) to invest in regulated chit funds on non-repatriation basis.
NIRC of ICAI is organizing Yoga Shivir for Members and Students on World Yoga Day on 21st June from 6 A.M. - 7.30 A.M. at Central Park Opp. DAV School, Shrestha Vihar, Delhi-92.
CBDT allowing revision of Wealth Tax Return u/s 25 beyond specified date. [Notification Dated-11th June 2015].
ITAT Amritsar Bench issued order u/s 234E of the Income Tax Act in favour of assessee. [Sibia Healthcare Pvt Ltd vs DCIT].
Service Tax Department issued clarification that 14% tax will not apply to non-AC restaurants. Even AC restaurants will charge Tax @ 14% only on 40% of bill amount. The effective tax will be 5.6% on full bill.
Supreme Court upholds plea of revenue neutrality in case of captive consumption to set aside invocation of extended period. [Nirlon Ltd. vs. Commissioner of Central Excise, Mumbai].
Private and Public companies are no longer required to have minimum paid up share capital of 1 Lakh and 5 Lakh Rupees. respectively. The Companies (Amendment) Act, 2015.
The revised form CRA-2 and CRA-4 have now been notified by MCA on 12th June, 2015 and is available for filing. The additional fee on delay is waived till 30th June, 2015.
RBI issued Master Circular for “Non-Banking Financial Companies – Corporate Governance (Reserve Bank) Directions, 2015” vide Notification No. RBI/2014-15/632DNBR (PD) CC No.040/03.01.001/2014-15.
Canara Bank invites applications from CA Firms for conducting Concurrent Audit in the 650 branches from 01.07.2015 to 30.06.2016. Last Date to apply 26.06.2015.
Corporate Social Responsibility (CSR) Committee of ICAI seeks suggestions from members at large on the various CSR activities that can be undertaken by them as CAs/CA Firms.