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  • Today NICAI Update

    India and Japan signs a Protocol for amending existing Convention for avoidance of double taxation and for prevention of fiscal evasion.

    CBDT has simplified the procedure for Form No. 15G & 15H for submitting a declaration as laid down in Rule 29C of the Income Tax Rules.

    Reassessment without application of mind and examining the facts is invalid and liable to quash [Unique Metal Industries vs. ITO (ITAT Delhi)].

    Disallowance u/s 14A while computing book profit u/s 115JB permitted, covered in explanation to Section115JB (2) [ITAT Mumbai: DCIT vs. Viraj Profiles Ltd.].

    Employers likely to pay service-tax on forfeiture of retention bonus or deposits of employees.

    Anti-dumping duty cannot be charged for gap period, the period between lapse of provisional duty and imposition of final duty: Supreme Court: Comm of Customs vs. G.M. Exports & Others.

    Central Madhya Pradesh Gramin Bank invites application from CA firms for EMPANELMENT OF CONCURRENT AUDITORS for conducting concurrent audit work.
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