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Result dates for CA Final Nov,15 and CPT Dec 15 announced

January 12, 2016 2297 Views 0 comment Print

The result of the Chartered Accountants Final Examination held in November, 2015 and Common Proficiency Test (CPT) held in December, 2015 are likely to be declared on Sunday, the 17th January, 2016 around 2.00 P.M. and the same as well as the merit list (candidates securing a minimum of 55% and above marks and upto the maximum of 50th Rank in the case of Final Examination in accordance with the decision of the Examination Committee) on all India basis will be available on the following website:

An Economic Analysis of 2015: Part 2

January 12, 2016 723 Views 0 comment Print

First we would like to express our sincere gratitude to all of you for reading & liking the first part of ‘An Economic Analysis of 2015’. In the part 1 of the article we have covered some of the most crucial and significant economic indicators and how they perform in 2015. The indicators we covered were: 1. GDP of the Country in 2015 2. FDI in the Country in the country during 2015 3. Forex Reserves of India during 2015 4. Inflation during 2015 5. Exports position of the country during 2015.

Delhi VAT : Related to Form GE-I and GE-II of Government Entity

January 12, 2016 4630 Views 0 comment Print

No. F.3(619)/Policy/VAT/2016/1291-1304 All Government Entities having their offices functioning within the National Capital Territory of Delhi, to furnish an online quarterly return of purchases made by them for the purpose of consumption or use by them (i.e. not for the purpose of making a sale as defined under clause (zc) of sub-section (1) of section 2 of the said Act) from the dealers registered under the said Act and having a valid TIN/Registration Number in the format ‘Form GE-II’ enclosed herewith.

SEBI (Delisting of Equity Shares) (Amendment) Regulations, 2016

January 12, 2016 2157 Views 1 comment Print

No. SEBI/LAD-NRO/GN/2015-16/30. -In exercise of the powers conferred by section 31 read with section 21A of the Securities Contracts (Regulation) Act, 1956 (42 of 1956), section 30, sub-section (1) of section 11 and sub-section (2) of section 11A of the Securities and Exchange Board of India Act, 1992 (15 of 1992),the Board hereby makes the following Regulations to further amend the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009, namely:-

The Phasing out roadmap – lose to gain!

January 12, 2016 727 Views 0 comment Print

In the Union Budget 2015 speech, the Hon’ble Finance Minister, Mr Arun Jaitley, has announced the intention to reduce the corporate tax rate from 30% to 25% over the period of next four years, accompanied by the removal of tax incentives and deductions. Following this, in November 2015, CBDT released the first roadmap of the phasing out plan to simplify tax administration and bring transparency.

Amendment in import policy conditions of apples

January 12, 2016 363 Views 0 comment Print

(i) Import through both sea ports and airports in Kolkata, Chennai, Mumbai & Cochin; and land port & airport in Delhi. (ii) Import of apples is also allowed through India’s land borders.

Decoding GST (Part 2) – Step Towards GST

January 12, 2016 2815 Views 0 comment Print

The current article would be focusing on the historical background of Goods and Services Tax and how it has evolved over the period in India. In almost all the budget speeches since the year 2006-07, there has been a reference to the implementation of GST. All the steps have been discussed herewith to showcase the process and preparation for the implementation of GST by the Government of India.

Discontinuation of ranks in Common Proficiency Test (CPT)

January 12, 2016 2540 Views 0 comment Print

It is hereby informed that in terms of decision taken by the Examination Committee, declaration of ranks in respect of Common Proficiency Test(CPT), has been discontinued with effect from CPT held in December, 2015 onwards.

Whether Section 6(3) of RTI Act is a “BOON” or a “CURSE”?

January 12, 2016 17765 Views 0 comment Print

There is no doubt that the Subsection (3) of Section 6 of the RTI Act is a BOON to the Citizens/Applicants under the Act, so long the PIOs and FAAs at the Departments are functioning well by clearly understanding the spirit behind & specific purpose of this section. Otherwise, it is sure to be proved as a CURSE.

Corrigendum to Income Tax Notification No. 93/2015

January 12, 2016 10401 Views 0 comment Print

Notification No. 1/2016 In the notification of the Government of India in the Ministry of Finance, Department of Revenue (Central Board of Direct Taxes), number 93/2015, dated the 16th December, 2015, published vide number G.S.R. 978(E), dated the 16th December, 2015, in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section(i), at page 17, in line 49, for does not exceed read exceeds.

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