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Changes in SA 610 with Effective from 1.4.2016

June 17, 2016 11800 Views 0 comment Print

The external auditor has sole responsibility for the audit opinion expressed, and that responsibility is not reduced by the external auditor’s use of the work of the internal audit function or internal auditors to provide direct assistance on the engagement.

Swachh Bharat Pakhwada- 15 Topics to work on

June 17, 2016 2665 Views 2 comments Print

Swachh Bharat -Corporate volunteering by private organizations & corporate entities 1. You may kindly recall that Hon. Prime Minister has given a call for “Swachh Bharat” as a mass movement to realize Gandhiji’s dream of a Clean India by the 150th birth anniversary of Mahatma Gandhi in 2019. Ministries and Departments have undertaken various activities […]

Date for Enrolment as Facilitators for Startups in Patents & Trade Marks

June 16, 2016 1711 Views 0 comment Print

Accordingly, it is notified that all individuals and institutions who wish to apply as Facilitators for Startups in Patents & Designs and Trademarks may refer to the SIPP scheme details and Guidelines for facilitators and follow the procedure for registration, Form, terms and conditions etc. already available in the official website (www.ipindia.nic.in), and submit their applications on or before 10th July, 2016.

Notification No. 37/2016-Customs Dated: 16.06.2016

June 16, 2016 2956 Views 0 comment Print

Seeks to further amend notification No. 27/2011-Customs, dated 01.03.2011 so as to impose export duty of 20 on raw sugar, white or refined sugar GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 37/2016-Customs New Delhi, the 16th June, 2016 G.S. R. 607 (E).-In exercise of the powers conferred by sub-section (1) of […]

Content Regulation in Government Advertising – regarding

June 16, 2016 847 Views 0 comment Print

Hon’ble Supreme Court has also directed that in lieu of the photographs of the Prime Minister and the Chief Ministers, the photograph of the Departmental (Cabinet) Minister/Minister In-charge may be published, if so desired.

People should not fear tax administrators: PM

June 16, 2016 2011 Views 0 comment Print

PM encouraged the officers for a free and frank exchange of ideas during the Rajasva Gyan Sangam. He stressed that while there should be respect for the rule of law among all citizens, and even fear of the long arm of the law for those who evade taxes, people should not fear tax administrators.

Auditor’s opinion on Section 80P Interpretation, cannot be a Information for Reopening U/s 147

June 16, 2016 4372 Views 0 comment Print

The case of assessee was reopened and the assessment under section 144 read with section 147 of the IT Act, 1961. While framing the assessment, the AO restricted the deduction claimed u/s 80P(2)(c)(i) of the Act and also confirmed the disallowance u/s 40(a)(ia) consequent to deposit

Employees’ Pension (Fourth Amendment) Scheme, 2016

June 16, 2016 3859 Views 0 comment Print

In exercise of the powers conferred by section 6A read with sub-section (1) of section 7 of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952), the Central Government hereby makes the following Scheme further to amend the Employees’ Pension Scheme, 1995, namely :-

Relief from Indirect taxes to Food Processing Industries

June 16, 2016 7783 Views 1 comment Print

Basic necessity for a prosperous living for any human being is food, clothing & shelter. Out of these three, food contributes as a major necessity. Changing lifestyles and appropriate fiscal policies has given a considerable push to the food processing industries. I

Rate of exchange of conversion of foreign currency wef 17.06.2016

June 16, 2016 2746 Views 0 comment Print

CBEC hereby determines the rate of exchange of conversion of each of 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 17th June, 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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