Who can be a Cost Auditor? According to section 148(3) of Companies Act 2013, cost audit shall be conducted by Cost Accountant in Practice who shall be appointed by the Board on such remuneration as determined by the members in such a manner as may be prescribed.
Earlier to Company auditor’s report order (CARO) 2016, CARO 2015 was issued by MCA in replacement of CARO 2003 issued by MCA in pursuance with the provision of section 227(4A) of companies act 1956. But now the similar order has been issued vide order no S.O 1228(E) dated 29th march 2016.
In view of the second proviso to section 40(a)(ia) read with proviso to section 201(1) of the Income Tax Act no disallowance of expense u/s 40(a)(ia) can be made unless the assessee has been treated as assessee in default under S. 201(1) of the Act for its failure to deduct tax at source from the payment made on account of interest.
In this series of updates on registration procedure under GST, I would be discussing in detail, specific provisions under Draft GST Law applicable on E-Commerce Sector. But before discussing the draft GST law, it would be appropriate here that if we first discuss the background of the issues faced by E-Commerce Sector under the present taxation structure
Seeks to amend notification No.61/2011-Customs dated 15.07.2011. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) NEW DELHI Notification No. 31/2016-Customs (ADD), Dated : July 11, 2016 In exercise of the powers conferred by sub-section (1) and sub-section (5) of section 9A of the Customs Tariff Act, 1975 (51 of 1975), read with rules 18, […]
Seeks to impose definitive anti-dumping duty on 1,1,1,2-Tetrafluoroethane or R-134a originating in or exported from People’s Republic of China for a period of five years GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE AND CUSTOMS NEW DELHI NOTIFICATION NO. 30/2016-CUSTOMS (ADD), Dated: July 11, 2016 G.S.R. 675(E). Whereas, the designated […]
The time limit for submitting completed applications in ANF-2M for allocation of Tariff Rate Quota (TRQ) on Maize is extended till 8th August, 2016
Life on our planet consists of many twins like Day and Night, Good and Bad, Birth and Death, Pains and Pleasures, etc. Lazy and easy-going people prefer pleasures forgetting the truth ‘Pleasures are impossible without pains.’ Nobody remembers the good work of road builders, when taking a smooth drive down the highways.
Yes, it is true that financial / retirement calculators are simple to use. Based on a few assumptions that you input on your computer about the future, it instantly provides you with a number that indicates how much one needs for his/her retirement. This calculation might appear accurate to you in terms of scientific and […]
Q 1. What is an EEFC Account and what are its benefits? Ans. Exchange Earners’ Foreign Currency Account (EEFC) is an account maintained in foreign currency with an Authorised Dealer Category – I bank i.e. a bank authorized to deal in foreign exchange. It is a facility provided to the foreign exchange earners, including exporters, […]
