Para 5.2 (h) of FDI Policy is replaced with the following: Wherever the foreign investor wishes to specify a particular auditor/audit firm having international network for the Indian investee company, then audit of such investee companies should be carried out as joint audit wherein one of the auditors should not be part of the same network.
Is there any simple technique or easy method to spend less and save more? So as to find out a simple technique for this, we need to understand why are we not able to control our spending?
How to claim Refund Amount of Excess balance available in Electronic Credit Ledger?
‘RUN’ is one of the Government Process Re-engineering (GPR) initiatives for making the incorporation process speedy, smooth, simple and reducing number of procedures involved for starting a business, w.e.f. 26th January 2018 on the occasion of 69th Republic Day new web based service i.e you can directly submit the application for reserving name online within few minutes (there is no requirement to download e-form like INC-1, after filling up the earlier form and attaching DSC (after successful pre-scrutiny) you were required to upload the same), has been launched for reserving name of new company or for change in name of existing company earlier there was INC-1 for reservation of name of new company or for change in name of existing company.
Today 26.01.2018 MCA started a new services named Reserve Unique Name (RUN) for reserve name of New or Existing Company. Process and new provisions for reservation of name are as follow:
The Finance Act, 2016 introduced a tax rate of 29% of total income to (domestic) company assessees provided its total turnover or the gross receipts in the previous year 2014-15 does not exceed five crore rupees.
Result of the Chartered Accountants Intermediate (Integrated Professional Competence) Examination held in November 2017 is likely to be declared on Sunday, the 28th January 2018
Section 282A provides for issue of any income tax notice or other document without it being signed by the requisite authority. Although, the said section has been provided in the context of computerized generation of notices and other documents
Section 281B empowers Assessing Officer to invoke bank guarantee wholly or in part if demand raised on the assessee is not paid within time limit provided in the demand notice served. Very wide powers are conferred upon Assessing Officer.
The definition of accountant was amended vide the Finance Act, 2015. The reason for introducing the amended definition of an accountant as per the Explanatory Memorandum to Finance Bill 2015 was to avoid conflict of interest and for better governance.
