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No Shortcuts to Financial Security: Time to experience power of 5

January 18, 2016 1103 Views 0 comment Print

Discover the importance of long-term planning for financial security. Learn why shortcuts won’t provide lasting solutions for your family’s well-being.

Roadmap drawn-up for implementation of Ind AS converged with IFRS

January 18, 2016 1354 Views 0 comment Print

Roadmap drawn-up for implementation of Indian Accounting Standards (Ind AS) converged with International Financial Reporting Standards (IFRS) for Scheduled Commercial Banks (Excluding Rrbs), Insurers/Insurance Companies and Non-Banking Financial Companies (NBFC’s)

Widowed daughter-in-law is entitled to be considered for compassionate appointment

January 18, 2016 7599 Views 0 comment Print

It is quite vivid that the implied exclusion of daughter-in-law from the fray of consideration by the State Government without considering the fact as to whether the daughter-in-law is dependent or not is constitutionally impermissible. The Government must provide for consideration of all those persons who are dependants of the deceased Government servant.

Pass percentage & Toppers of CA Final Nov 15 & CPT Dec 15

January 18, 2016 32030 Views 0 comment Print

The Institute of Chartered Accountants of India (ICAI) today announced the following results. 1)      Chartered Accountants Final Examination held in Nov, 2015. 2)      Common Proficiency Test held in Dec, 2015. Since December 1949, the Chartered Accountancy Examination is held twice in a year. The top three rank holders on all India basis of Chartered Accountants Final Examinations held in Nov, 2015 […]

Region wise Result of CA Final Exam Nov 2015 and CPT Dec 2015

January 18, 2016 16245 Views 3 comments Print

Result – Region wise Notifications CPT December 2015 Central Eastern Northern Overseas Southern Western Final November 2015 Central Eastern Northern Overseas Southern Western Source- ICAI

CBEC compiling List of prosecution up to 5 Lakh cases in Excise

January 18, 2016 1545 Views 0 comment Print

The undersigned is directed to inform that this office is carrying out a study to explore whether the cases where prosecution proceedings are pending for more than 15 years and involving Central Excise duty of up to Rs. 5 lakhs, needs to be withdrawn.

Delhi Govt. hikes VAT on petrol and diesel

January 18, 2016 1409 Views 0 comment Print

No. F.3(26)/Fin(Rev-I)/2015-16/DS-VI/22- 27- Petrol (Motor Spirit)- paise in the rupee. Diesel (High Speed Diesel, Super Light Diesel Oil, Light Diesel Oil)- 18 paise in the rupee

ICAI grants time up to 31.12.2016 to Complete GMCS-I Course

January 18, 2016 1463 Views 0 comment Print

Completion of GMCS-I Course by the students registered for articleship training on or after 1st May, 2012 and updation of record in the system Dear Student,  As you are aware that the student registered for articleship training on or after 1st May, 2012 have to undergo the following- GMCS-I Course (15 days)   : during the 1st year […]

Rule 46A – No contravention, as Arbitral Award not in nature of document/evidence, may be considered in any stage of proceedings

January 17, 2016 967 Views 0 comment Print

ITAT Chandigarh held In the case of M/s HMM Coaches Ltd. vs. ACIT that according to the Arbitration and Conciliation Act, the Arbitral Award is like a decree of the Court and is executable by the Courts. It is, therefore, like an order/judgement enforceable at law and as such, could not be construed as document or evidence.

Section 263 – Revision valid where AO has not made any enquiry about quantification of losses claimed

January 17, 2016 1679 Views 0 comment Print

ITAT Delhi held In the case of G. E. Money Financial Services Ltd. vs. DCIT that where AO has not verified either (a) the allowability of the loss in principle or (b) where the claim is factually correct as quantification of the loss has not been verified by the AO, in both cases exercise of powers u/s 263 is in accordance with law.

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