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Archive: March, 2017

Posts in March, 2017

IBBI Board Recognises 2 more Insolvency Professional Entities

March 7, 2017 1209 Views 0 comment Print

The Insolvency and Bankruptcy Code, 2016 (Code) is considered as the biggest economic reform next only to GST. It offers a market determined, time bound mechanism for orderly resolution of insolvency, wherever possible, and orderly exit, wherever required.

Empanelment for Statutory Audit of State/District Health Society, Bihar

March 7, 2017 1681 Views 0 comment Print

The State Health Society, Bihar invites Proposal for Audit from firms of Chartered Accountants empanelled with C& AG and eligible for major PSUs audit for the year 2016-17.

Empanelment of CA/CMAs for Internal Audit of Export Inspection Agency

March 7, 2017 2535 Views 0 comment Print

Notice Inviting Tender from Chartered Accountants / Cost Accountant Firms for Conducting Internal Audit of Export Inspection Agency-Delhi for Financial Year 2016-17:

Statutory auditor Appointment for State & District Health Society

March 7, 2017 3072 Views 0 comment Print

Request for Proposal (RFP) For Appointment of Statutory Auditor for State Health Society (SHS) and District Health Society (DHS) for Audit of all programmes under NHM including flexible pools of NRHM-RCH, NUHM, NDCP and NCD.

Empanelment for Internal Audit of Sardar Sarovar Narmada Nigam Ltd.

March 7, 2017 1491 Views 0 comment Print

Notice inviting proposal from the firms of Chartered Accountants/ Cost Accountant for the assignment of Internal audit of divisions/other offices of Sardar Sarovar Narmada Nigam Limited For F.Y. 2017-18.

Expedite prosecution filing & compounding application disposal: CBDT

March 7, 2017 2031 Views 0 comment Print

From the figure of prosecution complaints filed and pendency of compounding applications reported in respect of your region till Jan,2017, I find that performance in this area is not upto the mark.

Phishing Schemes Lead IRS “Dirty Dozen” List of Tax Scams for 2017

March 7, 2017 1473 Views 0 comment Print

The Internal Revenue Service today warned taxpayers to watch out for fake emails or websites looking to steal personal information. These “phishing” schemes continue to be on the annual IRS list of Dirty Dozen tax scams for the 2017 filing season.

Addition upheld for cash deposit in bank claimed against withdrawals

March 7, 2017 8973 Views 3 comments Print

The withdrawals have been found to be subsequently redeposited after a gap of two or three months which is not probable. The assessee therefore we find has not been able to link the cash withdrawn from the bank with cash deposit we therefore uphold the order of the learned CIT(A) treating the cash deposit of Rs. 14,20,212/- as unexplained income of the assessee.

Constructive Obligation – Ind-As/ IFRS

March 7, 2017 20811 Views 3 comments Print

Constructive as per its dictionary meaning it is something which is not obvious or stated explicitly and it perhaps could be derived by inference (presumptions) and the word Obligation means a duty or commitment.

No need to affix revenue stamp on PF claim forms in case of payments through NEFT

March 7, 2017 6078 Views 0 comment Print

At present, Re 1/- revenue stamp has to be affixed on claim forms by members for settlement of claims. The issue of continued practice of affixing of Re 1/- Revenue Stamp on claim forms has been examined in consultation with the Ministry of Law & It has been advised that while making payments through National Electronic Funds Transfer (NEFT), no revenue stamp would be required to be affixed on submission of claim forms by the members.

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