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Archive: April, 2016

Posts in April, 2016

MVAT- CST Act- Govt notifies Form IIIE & Form V(B)

April 22, 2016 8278 Views 0 comment Print

In exercise of the powers conferred by sub-sections (3) and (4) of section 13 of the Central Sales Tax Act, 1956 (Act No.74 of 1956), and of all other powers enabling it in this behalf; the Government of Maharashtra is hereby pleased to make the following rules further to amend the Central Sales Tax (Bombay) Rules, 1957, namely :‑

Common Mistakes by CA Final Students in Audit & Law Papers

April 22, 2016 22516 Views 0 comment Print

CA Kamal Garg Common Mistakes Committed by the CA Final Students in Audit and Law Papers Q. No.: Questions asked on FB Page[1] Wrong Answer(s) given by Students Correct Answer given by the Students Remarks 1. Mr. X, a person resident in India, was found to have holding unaccounted assets in Panama. Advise about the […]

Government relieved Infrastructure Contractors retrospectively!!

April 22, 2016 4258 Views 4 comments Print

All the Assessee/Contractor/Service Provider (Contractor) who entered into contract for construction, erection, commissioning, installation, completion, fitting out, repair, maintenance, renovation, or alteration of construction with Government, a local authority or a governmental authority (“Contractee”)prior to the issue of this notification are covered by this levy.

Delay in filing return due to sufficient cause should be condoned

April 22, 2016 6079 Views 0 comment Print

The Hon’ble Madras High court in the above cited case held that in deciding the application for condonation of delay in filling return of income the approach of the CBDT should be justice oriented so as to advance the cause of justice.

Proposed amendment in Section 185 of Companies Act 2013

April 22, 2016 16988 Views 3 comments Print

A Comparative Analysis of Section 185 of Companies Act 2013 & proposed amendment in Companies Amendment Bill 2016- As we are all aware that the Central government on 16th of March, 2016 introduced in the Lok Sabha a bill to further amend the Companies Act, 2013 as part of efforts to address difficulties faced by stakeholders and improve the ease of doing business in the country, which is yet to get approval from Rajya Sabha very soon.

CA Empanelment to Check Conduct of Private Schools in Delhi

April 22, 2016 3757 Views 0 comment Print

UNIQUE OPPORTUNITY FOR CHARTERED ACCOUNTANTS Be a Part of Delhi Government’s Campaign to Check ARBITRARY CONDUCT OF PRIVATE SCHOOLS Engagement of CAG Empanelled CA Firms (Last  Date for Applying Extended to 30th April 2016) The Government of Delhi has publicized that in view of the order of Delhi High Court dated 19/01/2016 and Delhi Govt. orders […]

Govt. mandates Panic Button & GPS in Mobile Phone

April 22, 2016 4000 Views 0 comment Print

Telecom Ministry vide notification No. G.S.R. 436(E) dated 22.04.2016 mandates Panic button in new mobile handset w.e.f. 1st January, 2017 and GPS in new mobile hand set w.e.f. 1st January, 2018.

Anti-dumping duty on Barium Carbonate

April 21, 2016 1441 Views 0 comment Print

R eview in the matter of continuation of anti-dumping duty on imports of Barium Carbonate (hereinafter referred to as the subject goods) falling under tariff item 2836 60 00 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the Customs Tariff Act), originating in or exported from People’s Republic of China

Draft Revised Scheme of Education &Training of CA Course

April 21, 2016 4033 Views 0 comment Print

The Central Government has accorded its in-principle approval to the draft amendments in the Chartered Accountants Regulations, 1988 arising out of the Revised Scheme of Education and Training approved by the Council of the Institute.

Rate of exchange of foreign currency conversion WEF 22.04.2016

April 21, 2016 1948 Views 0 comment Print

Central Board of Excise and Customs hereby determines that the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and Schedule II annexed hereto, into Indian currency or vice versa, shall, with effect from 22nd April, 2016, be the rate mentioned against it in the corresponding entry in column (3) thereof, for the purpose of the said section, relating to imported and export goods.

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