News on Tax, Corporate Law, Recent Judgement, Govt Policy

  • Apr
  • 26

Be Cautious While E-Filing Income-Tax Returns

CA Members may note that ICAI has received a letter from Directorate of Income-tax (Systems) requesting it to impart information regarding correct procedure of e-filing of returns. The following are the major concerns of the Department:- a) ITR-V is not received or is belated for the assessment year at CPC b) ITR-V is not signed by the tax payer

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  • Apr
  • 25

Advance booking period for train tickets reduced to 60 days

Railways has reduced advance booking period from four months to two months from May 1 as part of its efforts to prevent touts from cornering bulk of tickets.

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  • Apr
  • 25

TIN user who have registered on TRACES but not activated their account within 24 hours will have to register as new user

TIN users who have registered on TRACES but not activated their account within 24 hours will have to register as new user. Click on  ‘Register as New User’ and select user as ‘Deductor’ to proceed.

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  • Apr
  • 22

Police action under Prize Chits and Money Circulation Schemes (Banning) Act, 1978

State Governments Requested to issue Instructions to their Police for Vigorous Action under the Prize Chits and Money Circulation Schemes (Banning) Act, 1978 The Minister of Corporate Affairs has written to State Chief Ministers requesting State Governments to issue instructions to their State Police Authorities for vigorous action under the Prize Chits and Money Circulation [...]

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  • Apr
  • 19

ITAT Bar Association, Ahmedabad decides to Boycott Bench consisting of member Shri A. K. Garodia

A meeting of the managing committee of ITAT Bar Association, Ahmedabad was held on 19th April, 2013 and the following resolution was passed unanimously: RESOLVED THAT considering the conduct of Shri A. K. Garodia, the Accountant Member of ITAT Bench at Ahmedabad, it was found that on account of his consistent gross, rude, arbitrary and [...]

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  • Apr
  • 18

Apply online for PF transfer, withdrawals from July 1- EPFO

New Delhi: Over 50 million subscribers of the retirement fund body EPFO will be able to apply online for transfer and withdrawal of their provident fund from July 1, a move aimed at speedy settlement of claims.

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  • Apr
  • 18

Highlights of Annual Supplement (2013-14) to Foreign Trade Policy 2009-14 + Announcements

Highlights of Annual Supplement (2013-14) to the Foreign Trade Policy 2009-14 Announced by Shri Anand Sharma 1. Measures to revive investors’ interest in SEZs. 1.1 A package of measures has been formulated to revive investors’ interest in SEZs and to boost exports. The salient features of the package are:- (i) In view of the acute [...]

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  • Apr
  • 18

CA Exams May, 2013 – Change in centre for students of Bangalore (Zone 2) (Karnataka), Jaipur (Rajasthan), and Sikar (Rajasthan)

Due to unavoidable circumstances, candidates earlier allocated to the examination centre in (1) Govt. R.C. College of Commerce & Management, Bangalore (Zone-2), (2) University Commerce College, Jaipur, (3) University Rajasthan College, Jaipur, and (4) S.K. Govt. College, Sikar have been re-allocated in some other centres in the same Zone/City. The related communication to the candidates concerned is being sent separately.

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  • Apr
  • 17

EC to accept PAN card, driving license &Aadhar letter as valid document

The Election Commission (EC) has decided to accept PAN card, driving license and Aadhar letter as valid documents of proof of date of birth, which can be submitted by an applicant for registration as an elector, an official said on Wednesday.

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  • Apr
  • 17

Guidelines for Suo Motu Disclosure by Central Government Ministries/Departments and Public Authorities Issued

Government has issued guidelines for suo motu disclosure by Central Government Ministries/Departments and Public Authorities thereunder. These guidelines are based on the recommendation of the Task Force set up by the Government for strengthening compliance with provisions for suo motu (proactive) disclosure as given in Section 4 of the RTI Act, 2005. This task force [...]

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