Excise & Customs : So long as Parliament has not intervened to take any steps to amend or clarify legal position, it has to be held that Tribunal could not […]
Updates - 903. page
Article on Income Tax,GST,Company Law,CA,CS and Others
CBDT extends due date of filing wealth-tax return from July 31, 2015 to Aug. 31, 2015
SECTION 14 OF THE WEALTH-TAX ACT, 1957 – RETURN OF WEALTH – CLARIFICATION ON EXTENSION OF DUE DATE OF FILING RETURN OF WEALTH FOR A.Y. 2015-16 LETTER [F.NO.328/08/2015-WT], DATED 27-7-2015 […]
SUMMARY OF AS-5 NET PROFIT OR LOSS FOR THE PERIOD, PRIOR PERIOD ITEMS & CHANGES IN ACCOUNTING POLICY
SUMMARY OF AS-5 NET PROFIT OR LOSS FOR THE PERIOD, PRIOR PERIOD ITEMS & CHANGES IN ACCOUNTING POLICY Profit or Loss of the entity Profit or Loss of an […]
Analysis of some issues with ICDS
Analysis of some issues with ICDS, in detail with case studies. Background: On 31st March, 2015, the Central Government has notified 10 Income Computation and Disclosure Standards (‘ICDS’) which […]
Clarifications on Tax Compliance for Undisclosed Foreign Income and Assets
Circular No. 13 of 2015 No. 142/18/2015-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) *** […]
Bid amount can be deposited on next day of auction sales if auction proceedings are concluded after banking hours
Where auction purchaser had deposited sale amount immediately after bid as provided in auction sale notice, petition challenging auction sale on ground of delay in depositing bid amount as stipulated […]
Appointment of Non-Deposit Accepting NBFCs with asset size of Rs.100 crore and above as sub- agents under Money Transfer Service Schemes (MTSS)
RBI/2014-15/648 DNBR.CC.PD.No.041/03.10.01/2014-15 June 25, 2015 To All Non-Banking Financial Companies Dear Sirs, Appointment of Non-Deposit Accepting NBFCs with asset size of Rs.100 crore and above as sub- agents under Money […]
Updates and Dose , June ,2015 -4
UPDATES: CBDT Notification No. 50/2015 dated 24th June 2015 regarding permitted business relationship a Chartered Accountant can have with his client to maintain independency. Loans advanced by partner to firm […]
New verification Guidelines for digital signature w.e.f 1st July,2105.
From 1st July 2015 under instructions from the Controller of certifying Agencies, India the procedure for issue of Digital signature certificates gets revised and the changes and compliance details attached […]
Updates & Dose – June ,2015 -3
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 […]