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Archive: August, 2014

Posts in August, 2014

Rajya Sabha clears Finance Bill 2014

August 1, 2014 9888 Views 0 comment Print

Finance bill 2014 Final was presented by Finance Minister Shri Arun Jaitley on 10th July 2014. The bill got approval of Lok Sabha on25th July 2014 with some amendments.  Now Rajya Sabha has cleared the Finance Bill 2014 on 31st July 2014. Finance Bill will comes into effect after President Approves it. So now bill […]

Notification – Trade Marks (Amendment) Rules, 2014

August 1, 2014 3042 Views 0 comment Print

These rules may be called the Trade Marks (Amendment) Rules, 2014. ( 2) They shall come into force on the date of their publication in the Official Gazette.

ICAI invites suggestions on revised formats of Form Nos. 3CA, 3CB and 3CD

August 1, 2014 4892 Views 0 comment Print

The Central Board of Direct Taxes has through, Income-tax (7th Amendment) Rules, 2014, notified new Forms of tax audit reports namely Form No. 3CA, 3CB and 3CD.The said notification can be downloaded from the link below: https://taxguru.in/income-tax/cbdt-notifies-form-3ca-3cb-3cd-format-tax-audit-report-revised.html With regard to the same, ICAI invites suggestions on the said new tax audit report formats, from the […]

ICAI President's Message – August 2014

August 1, 2014 2598 Views 0 comment Print

This year’s Budget is quite progressive and will spur investment-led sustainable and inclusive growth. This Budget has made commitment for the next generation of tax reforms, stability of tax regime and fiscal consolidation. The announcement regarding retrospective amendments would facilitate a healthy investment climate in India.

Deputation of employees on cost-sharing basis does not fall under Supply of Manpower Services

August 1, 2014 7125 Views 0 comment Print

We are sharing with you an important judgment of the Hon’ble High Court of Gujarat in the case of Commissioner of Service Tax Vs. Arvind Mills Ltd. [(2014) 45 taxmann.com 376 (Gujarat)] on the following issue: Issue: Whether the deputation of employees to subsidiary companies for limited period on cost-sharing basis covered under Manpower Recruitment […]

Acquisition & Transfer of Immovable Property in India by Foreign Nationals – Clarification

August 1, 2014 3914 Views 0 comment Print

It has come to notice of the Central Government that foreign nationals are buying immovable property illegally in some parts of the country. Many organizations and social groups have also made representations to the Central Government expressing their serious concerns in this regard. It has also been observed that foreign nationals coming to India and […]

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