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"November, 2014" Archive - Page 2

ICAI President’s Message – December 2014

Implementation of the Companies Act, 2013-ICAI Role - Another important emergent area of national and professional importance on which we are focusing our attention is the implementation of certain crucial provisions of the Companies Act, 2013. In this regard, I would like to apprise you of the following important developments:...

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Posted Under: CA, CS, CMA |

Notification No. 112/2014-Customs (N.T.), Dated: 28.11.2014

Notification No. 112/2014-Customs (N.T.) 28/11/2014

In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs, being satisfied that it is necessary and expedient so to do, hereby makes the following amendment in the ...

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All you want to know about Digital Evidence

Chapter 1 Introduction & Background 1.1. Introduction One of the most significant and influential inventions of 20th century was the Computer. There has been a sea change in the purposes and the manner in which computers are used with advent of microprocessor technology and digital communication. The computer started with being a gian...

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Establishment of Jan Lokpal: Govt pleads to SC to transfer all petitions from HC to SC

 Establishment of Jan Lokpal The Central Government, in exercise of powers conferred by sub-section (1) read with clause (b) of sub-section (2) of section 59 of the Lokpal and Lokayuktas Act, 2013, notified the Search Committee (Constitution, Terms and Conditions of appointment of members and the manner of selection of Panel of Names for...

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Posted Under: CA, CS, CMA |

Change in rules & forms, fees -Income Tax Advance Ruling by Resident Applicant

Notification No. 74/2014-Income Tax 28/11/2014

Notification No. 74/2014-Income Tax S.O.3015 (E).- In exercise of the powers conferred by section 245Q read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules 1962, namely:-...

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Govt. launches E-Visa scheme for 43 countries

Union Home Minister & Tourism Minister launch landmark Tourist Visa on Arrival Enabled with Electronic Travel Authorization Scheme Union Home Minister Shri Rajnath Singh, along with Dr. Mahesh Sharma, Minister of State (I/C), Tourism  & Culture and Minister of State for Civil Aviation,  launched the Tourist Visa on Arrival (TVOA...

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Posted Under: CA, CS, CMA |

Govt fund allocation to NGOs – Online process made mandatory

The following corrective steps have been taken/proposed to be taken to check embezzlement of Government grants by NGOs: i. Funds are released to the NGOs after receipt of recommendation of the State Level Grant-in-Aid Committee, Inspection Reports, Utilization Certificate and Audited Accounts....

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Posted Under: CA, CS, CMA |

7200 tickets per minute – Upgradation of Railways’ E-Ticketing System

Upgradation of Railways’ E-Ticketing System In order to improve the efficiency of the website for booking of e-tickets, a new State-of-the-Art Data Centre has been set up by Indian Railway Catering & Tourism Corporation. Further, the e-ticketing system has been upgraded with the launch of the NextGeneration E-ticketing System (NGeT)...

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Posted Under: CA, CS, CMA |

RBI releases final Guidelines for implementation of Bharat Bill Payment System (BBPS)

RBI/2014-15/327 DPSS.CO.PD. No. 940 /02.27.020/2014-2015 28/11/2014

The system participants in the BBPS will have to adhere to a uniform set of standards and procedures so as to enable the smooth operation of this inter-operable bill payment system. Accordingly, a broad framework of roles and responsibilities of the BBPCU and the BBPOUs is outlined below. The Procedural Guidelines of the BBPS will provide...

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Creating trouble in job amounts to Sexual Harassment

Amending Rules for Safeguarding Women Amendments to the Central Civil Services (Conduct) Rules, 1964 and Central Civil Services (Classification, Control and Appeal) Rules, 1965 have been carried out on 19.11.2014 vide Central Civil Services (Conduct) Second Amendment Rules, 2014, to make working conditions more conducive for women. As per...

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Posted Under: CA, CS, CMA |

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