In order to reduce the increasing number of transfer pricing audits and prolonged disputes, the Finance (No.2) Act, 2009 w.r.e.f 1.4.2009 inserted a new section 92CB to provide that determination of arm’s length price under section 92C or Section 92CA shall be subject to safe harbour rules. Vide this amendment, the Government of India had empowered the CBDT to make Safe Harbour rules. Safe harbour was defined to mean circumstances in which the income-tax authorities shall accept the transfer price declared by the assessee.
Companies Bill, 2013 was passed by Lok Sabha on the 18th December, 2012 and transmitted to Rajya Sabha for its concurrence. Rajya Sabha passed the Bill with amendments at its sitting held on the 8th August, 2013 and returned it to Lok Sabha on the 12th August, 2013. On 13 August 2013, the Lok Sabha […]
The department has started following website to update the information of auditors of Co-Operative societies and Banks The link for uploading the information is as follows https://mahasahakar.maharashtra.gov.in “The Date of Uploading the Information by the Auditors about the Data required by the Maharashtra Co-operative Department has been extended to 20th August, 2013.
Five reports of the Rangachary Committee recommending safe harbours in different sectors like, IT/ITES, Financial Transactions, Contract R&D in IT and Pharma sector and Automotive sector. First report of the Rangachary Committee on Development Centres was already posted on 30.06.2013. Download Second to Sixth Report of the Rangachary Committee Source- CBDT
SIGNIFICANT CHANGES MADE IN THE REVISED SYLLABI OF SELECT PAPERS OF INTERMEDIATE (IPC) COURSE The syllabi of Part II: Service Tax and VAT of Paper 4: Taxation and Paper 7A: Information Technology of Intermediate (IPC) Course have been revised in terms of the decision of the Council taken at its 324 th meeting held in […]
14th August, 2013 Important Announcement Attention: Intermediate (IPC) and Final Course students Non-applicability of Companies Bill, 2012 (to be enacted as the Companies Act, 2013) for May 2014, Examinations This is to bring to the notice of students that the Companies Bill, 2012 (to be enacted as the Companies Act, 2013) which was passed by […]
SIGNIFICANT CHANGES MADE IN THE REVISED SYLLABI OF SELECT PAPERS OF FINAL COURSE The syllabi of Paper 6: Information Systems Control and Audit and Paper 8: Indirect Tax Laws of Final Course have been revised in terms of the decision of the Council taken at its 324th meeting held in March, 2013. The detailed announcement […]
The result of Professional Programme Examination held in June, 2013 will be declared on Sunday, the 25th August, 2013 at 11.00 A.M. The result along with candidates’ individual subject-wise break-up of marks will be available on the Institute’s website: www.icsi.edu on declaration of the result.
Announcement on Training- 15 months training with FI, Consultancy Firms & Law Firms, Removal of fee of ₹ 50/- and 15 days Specialised training. Announcement The Council of the Institute has approved the following decisions pertaining to training of the students of the Company Secretaryship Course.: A) 15 months training with Law Firms, Consultancy Firms, […]
