President of the ICAI to Head the South Asian Federation of Accountants (SAFA) Shri Subodh Kumar Agrawal, President, The Institute of Chartered Accountants of India (ICAI) has been appointed as the President of the South Asian Federation of Accountants (SAFA) for the year 2014 w.e.f. today. He was the Vice-President of SAFA for the year […]
In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Government of India in the Ministry of Finance
Your attention is invited to notification No.16/2013-Central Excise (NT), dated 31.12.2013, prescribing tariff value under section 3(2) of the Central Excise Act, 1944 in respect of goods falling under tariff heading 3304 (beauty or make-up preparations and preparations for the care of the skin, etc.) of the Central Excise Tariff and in respect of which the provisions of section 4A of the Central Excise Act, 1944 do not apply
As we bit aware of the fact that appointment of auditor shall be made by members at First AGM and as per the new regulations of the companies act every subsequent appointment shall be made at 6th AGM.
Section 50C is not final determination to prove that it is a case of escapement of income. The report of approved valuer may give estimated figure on the basis of facts of each case. Therefore, on mere applicability of section 50C would not disclose any escapement of income in the facts and circumstances of the case.
One of the major challenges that the Companies Act, 2013 poses is the absence of transition provisions. As professionals, we need to understand the responsibility in the wake of globalization, liberalization and privatization sweeping the corporate world to come up to the expectations of not only the corporate sector but also the entire society.
