"08 March 2015" Archive

Applicability of MAT on FIIs: A Hot Potato

Bipluv Jhingan and Amitav Singh INTRODUCTION Despite the upbeat promises made by the Hon’ble Finance Minister with regards to taxation of foreign investors, Foreign Institutional Investors (now rechristened as Foreign Portfolio Investors) still seem to be stuck in the Minimum Alternate Tax (MAT) conundrum. The new budget seeks to levy M...

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Posted Under: Income Tax |

No solution for bigger industries for easy registration

CA Manish Garg The Hon’ble Finance Minister has announced some drastic changes in the service tax which include the change regarding the procedure of registration under service tax for the single premise. As per the new procedure applicants are required to submit their PAN for the registration and person also registered is required to s...

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Posted Under: Income Tax |

E-Flash on Amendments proposed by Union Budget 2015-16

As per the practice and commitment to empower its membership, our Institute (ICAI)  has always responsibly disseminated professionally-relevant information among its members. With the help of Direct Taxes Committee, Indirect Taxes Committee, Committee on International Taxation and Committee on Public Finance & Government Accounting, ...

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Posted Under: Income Tax |

Empanelment with Ahmedabad Income Tax department

Application from qualified chartered accountant/firm of Cas for empanlement to carry out special audit u/s 142 (2A) of the I.T. act. 1961 Last Date : Mar 10, 2015- Application from qualified chartered accountant/firm of CAs for empanlement to carry out special audit u/s 142 (2A) of the I.T. act. 1961....

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Posted Under: Income Tax |

A Brief on benefits of Peer Review of Practicing CA Firms

We, the Chartered Accountants Fraternity, are all aware of the peer review process undertaken by the Peer Review Board of ICAI for the practicing member. With recent development in the reporting requirement of the financial statements, the peer review exercise helps the members of the profession at large on the following fronts:...

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Posted Under: Income Tax |