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Archive: August, 2013

Posts in August, 2013

Shri P. Chidambaram Releases FAQ on Service Tax VCES

August 9, 2013 3409 Views 0 comment Print

Union Finance Minister Shri. P. Chidambaram released a booklet containing Frequently Asked Questions (FAQ) on Service Tax Voluntary Compliance Encouragement Scheme, 2013 in New Delhi today in the presence of Revenue Secretary, Chairperson and other members of Central Board of Excise & Customs and media. He also released a Logo of Service Tax Voluntary Compliance Encouragement Scheme, 2013 on the occasion.

Value Addition By Cost Accountants Recongnised In The Companies Bill 2013

August 9, 2013 1301 Views 0 comment Print

CMA Suresh Chandra Mohanty, President of The Institute of Cost Accountants of India, congratulated the Honourable Union Minister of Corporate Affairs Shri Sachin Pilot ji, for passing the landmark Companies Bill 2013 in Rajya Sabha thus completing a great saga in modernizing the Corporate Legislation, which has been facing ups and downs for more than a decade.

Companies Bill, 2012 passed by Rajya Sabha

August 8, 2013 2432 Views 0 comment Print

The much-awaited Companies Bill, 2012 has been passed by Rajya Sabha at today’s session. So now, let’s gear up for new rules and regulations for better Corporate Environment. CS S. N. Ananthasubramanian, President, Council of the ICSI welcomes the brand new, modern, growth oriented and futuristic Company Law passed by Rajya Sabha today (08.08.2013). On […]

SEBI(Buy back of Securities) (Amendment) Regulations, 2013

August 8, 2013 547 Views 0 comment Print

in exercise of the powers conferred under section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) read with clause (f) of sub-section (2) of Section 77A of the Companies Act, 1956 (1 of 1956), the Board hereby makes the following Regulations to amend the Securities and Exchange Board of India (Buy back of Securities) Regulations, 1998,

SC on Maintainability of Writ Petitions in Assessment/Reassessment cases

August 8, 2013 7386 Views 0 comment Print

Explore Income Tax Act assessments, appeals, and writ jurisdiction. Understand when to use Article 226, backed by a Supreme Court judgment.

3CD/ 3CB Utility Still Has Problems

August 8, 2013 33751 Views 23 comments Print

CA Sudhir Halakhandi – The utility of 3CD/3CB, even after correction made in it , is not a user friendly utility and we have already indicated some of the mistakes in it. Some more mistakes were noticed by other experts and chartered accountants and the same were reported at various places in workshops and seminars related to this new feature which has been added to the work of chartered accountants.

India signs Protocol amending India – Morocco Double Taxation Avoidance Convention (DTAC)

August 8, 2013 585 Views 0 comment Print

India signed a Protocol amending the India – Morocco Double Taxation Avoidance Convention (DTAC) in New Delhi today. The Protocol was signed by Dr Sudha Sharma, Chairperson, Central Board of Direct Taxes on behalf of Government of India and H.E. Mr. Larbi Reffouh, Ambassador of the Kingdom of Morocco to India on behalf of Government of the Kingdom of Morocco.

CCI imposes penalty of Rs. 6.25 crores on 11 Shoe Companies

August 8, 2013 817 Views 0 comment Print

The Competition Commission of India (CCI) has imposed a penalty of Rs. 625.43 Lakhs on 11 Companies in a case filed by Director General-Supplies & Disposal (DGS&D), New Delhi relating to a tender for supply of polyester blended duck ankle boots rubber sole. CCI found these 11 Companies to have violated the provisions of Competition Act, 2002 which deals with anticompetitive agreements.

How to Make online Application of RTI

August 8, 2013 2492 Views 0 comment Print

Government of India has started a RTI online web portal whereby Right to Information (RTI) applications can be filed online by Indian citizens, including those who are living abroad. The detailed procedure in filing of on-line RTI applications is as under:- An Indian citizen can file RTI application online through RTI online web-portal, having url […]

Empanelment with Allahabad Bank of Concurrent/ Revenue Auditor

August 8, 2013 5213 Views 0 comment Print

The last date for receipt of Bio-data is 10th August, 2013 1. Allahabad Bank invites applications in the under noted prescribed format from practicing firms of Chartered Accountants of India who are willing to have their firm empanelled as Concurrent/ Revenue Auditor in the Bank. 2. The panel of auditors maintained last year (excluding existing […]

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