"23 December 2014" Archive

Govt. notifies 'Reliance Retirement Fund' as pension fund for deduction U/s. 80C

Notification No. 90/2014-Income Tax (23/12/2014)

Notification No. 90/2014-Income Tax S.O.(E) In exercise of the powers conferred by clause (xiv) of sub- section (2) of section 80C of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the Reliance Retirement Fund set up by the Reliance Mutual Fund registered under the Securities and Exchange of Board of India ...

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Govt. notifies 6 more entities for purposes of Sec. 10(46) exemption

Notification No. 89/2014-Income Tax (23/12/2014)

Notification No. 89/2014-Income Tax Notification No. 84/2014, 85/2014, 86/2014, 87/2014, 88/2014, 89/2014 - Dated- 23 December, 2014 - CBDT has notified following six Organisations for Exemption U/s. 10(46) West Bengal Building and Other Construction Workers Welfare Board, Karnataka Computerisation of Police Society, Tamil Nadu Pollution ...

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Notification No. 88/2014-Income Tax Dated 23/12/2014

Notification No. 88/2014-Income Tax (23/12/2014)

Notification No. 88/2014-Income Tax In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, the Bureau of Indian Standards set up by the Bureau of Indian Standards Act, 1986 (63 of 1986) in respect of the followin...

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Notification No. 87/2014-Income Tax Dated 23/12/2014

Notification No. 87/2014-Income Tax (23/12/2014)

Notification No. 87/2014-Income Tax In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961) the Central Government hereby notifies for the purposes of the said clause, the 'Karnataka Computerisation of Police Society', a body constituted by the Government of Karnataka, in respect of the fo...

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Notification No. 86/2014-Income Tax Dated 23/12/2014

Notification No. 86/2014-Income Tax (23/12/2014)

Notification No. 86/2014-Income Tax In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961) the Central Government hereby notifies for the purposes of the said clause, the 'Tamil Nadu Pollution Control Board', a body constituted by the Government of Tamil Nadu, in respect of the specified ...

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Notification No. 85/2014-Income Tax Dated 23/12/2014

Notification No. 85/2014-Income Tax (23/12/2014)

Notification No. 85/2014-Income Tax In exercise of the powers conferred by clause (46) of Section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, “Kerala State Electricity Regulatory Commission, a Commission constituted by the Government of Kerala in respect of the...

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Notification No. 84/2014-Income Tax Dated 23/12/2014

Notification No. 84/2014-Income Tax (23/12/2014)

Notification No. 84/2014-Income Tax In exercise of the powers conferred by clause (46) of Section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, the 'North East Centre for Technology Application and Reach', a body constituted by the Central Government, in respect of...

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CPC (TDS) -Use of Digital Signatures on TRACES – Suggestions

The Centralized Processing Cell (TDS) has released a new feature on its web-portal TRACES, where a Digital Signature Certificate (DSC) can be used for availing various services offered by the portal. You are advised to take note of the following key information in this regard: Under Information Technology Act, 2000, a “Digital Signa...

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CAG issues List of CAs issuing more than 400 Tax Audit Report

List of CAs issuing more than 400 TAR; 18.87% CAs issued more than 45 Tax Audit Report- CAG Control on number of tax audit assignment In order to maintain the quality of tax audit to be conducted by CAs, ICAI issued Guidelines15 for the Members under the provisions of the Chartered Accounts Act, 1949. It […]...

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CAG Report on Certification by CAs & Mistake Committed

Chapter II: Appreciation of Accountants’ certifications 2.1       Introduction Certain assessees7 are required to get their accounts audited by a CA under Section 44AB of the Income Tax Act, 1961 (Act) and submit the report in the Forms prescribed in Rule 6G of the Income Tax Rules, 1962 (Rules). The CAs (also tax auditor) fur...

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