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, it has prepared an e-flash on the changes proposed by the […]
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.
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:
DemDr. Haresh Shaherges into 3 Business Verticals- Life Insurance, Health & Allied Business and Manufacturing Industries The Board of Max India Ltd, on 27th January, 2015, approved a Corporate Restructuring plan to vertically split the company through a demerger, into three separate listed companies. The leadership would remain unchanged upon the demerger. The Board had also approved divestment of its clinical research business.
What could a common man expect from the budget? Today the central government has tried to collect as much as possible from the pocket of the consumer. The tax levied by the government is much more as compare to the benefits given by the government.
G S Rao Introduction: Sections 138 to 142 of Negotiable Instruments Act,1881(NI Act) which deal with offence and prosecution for dishonour cheques were brought into force with effect from April 1, 1989 by Section 4 of the Banking Public Financial Institutions and Negotiable Instruments Laws (Amendment) Act, 1988.
The purported classification only on the basis of language without anything more and in particular having regard to the difference in the rate of tax, in our opinion is ex-facie arbitrary. The burden was, therefore, on the State to show that the imposition was justified.
Prior to 01/07/2012, transportation of goods service was taxable under the categories of transportation of coastal goods, goods transported through nation waterways and inland waterways, transportation of goods by air, transportation of goods by Rail and transportation of goods through pipelined or other conduit service.
There are many bulk sections have been removed in Central Excise and Custom from this Budget, 2015. Reasons behind these bulk amendments are that these sections have become redundant. These sections have already get expired and now government think about these expired section and delete these. These sections are similar in Central Excise and Custom.
The Finance Bill, 2015 has proposed to provide allowance for the balance 50% of additional depreciation which has not been allowed in the year of acquisition, in the immediately succeeding previous year. This will apply from AY 2016-17 and subsequent Assessment Year’s.
