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Export promotion responsibility for Sesame seed & Niger seed shifted to IOPEPC

October 1, 2015 447 Views 0 comment Print

The export promotion responsibility for Sesame seed and Niger seed is being shifted from Shellac and Forest Products Export Promotion Council (SHEFEXIL) to Indian Oilseeds and Produce Export Promotion Council (IOPEPC).

Empanelment of Checkers for November 2015 CA examinations

October 1, 2015 2312 Views 0 comment Print

Empanelment of members for the assignment of Checkers for CA examinations to be held in November 2015- Checking of totaling of marks etc in the answer books of CA examinations, after they have been evaluated by the examiners, is being assigned/carried out by members of the Institute, who are empanelled for the purpose.

Guidelines on overseas investments and other issues/clarifications for AIFs/VCFs

October 1, 2015 2941 Views 0 comment Print

A. Overseas Investment by Venture Capital Funds (VCFs) registered under SEBI (Venture Capital Funds) Regulations, 1996 (now repealed)- a. VCFs registered under erstwhile SEBI (Venture Capital Funds) Regulations, 1996 are permitted to invest in Offshore Venture Capital Undertakings which have an Indian connection upto 10% of the investible funds of a VCF in terms of the SEBI circular no. SEBI/VCF/Cir no.1/98645/2007 dated August 09, 2007.

Comprehensive Risk Management Framework for National Commodity Derivatives Exchanges

October 1, 2015 613 Views 0 comment Print

Pursuant to Section 131 of the Finance Act, 2015 and Central Government notification No. 1/9/SM/201 5 dated August 28, 2015, all recognized associations under the Forward Contracts (Regulation) Act, 1952 are deemed to be recognized stock exchanges under the Securities Contracts (Regulation) Act, 1956 with effect from September 28, 2015.

Advisory on Service Tax Return filing for April – September 2015

October 1, 2015 14298 Views 0 comment Print

 1. (a) Assessee can e-file Service Tax Return (ST-3) for the period April, 2015 to September, 2015 now through offline or online version. The last date of filing the ST-3 return, for the return period April, 2015 to September, 2015 is 25th October, 2015. However, to avoid congestion and inconvenience in the last minute, assesses […]

CBEC looking to Reduce/ eliminate printouts in Customs Clearance

October 1, 2015 922 Views 0 comment Print

Government of India has taken-up a number of initiatives for promoting Ease of Doing business. One of the ways make cargo clearance easier is to reduce the use of paper and to introduce electronic messaging and paperless processing.

Bombay HC instructs CBDT to extend ITR Due Date to 31.10.2015

September 30, 2015 41226 Views 0 comment Print

The Chamber of Tax Consultants Vs. Union of India & Ors. (Bombay High Court), WP 2764/2015, Filed on 22.09.2015. Bombay High Court Instructed CBDT to extend due date to 31.10.2015. We will upload copy of order and analysis soon.

Gujarat HC directs CBDT to extend ITR due date to 31.10.2015: Judgment Analysis

September 30, 2015 2476 Views 0 comment Print

By this petition under article 226 of Constitution of India petitioners sought relief by way of writ and prayed before court that due date of filing ITR should be extended upto 30.11.2015. Following relief were sought in this instant writ petition

ICAI President's Message – October 2015

September 30, 2015 342 Views 0 comment Print

Every year we celebrate 2nd October as the birthday of our own Mahatma Gandhi, who is also called the Father of our Nation, as a mark of respect for his selfless contribution to our nation. Mahatma, who sacrificed his everything for the freedom of our nation, has said so many things apart from his core battle, to send across the message of truth, non-violence and love to the world. Most of his thoughts are relevant even today for all of us to observe and follow.

Orissa HC Instructed CBDT to extend due date of ITR to 31.10.2015

September 30, 2015 17668 Views 0 comment Print

Jagdish Prasad Mittal Vs. Union of India (Orissa High Court), Writ Petition No. WP(C)-17178/2015, Date- 21/09/2015 In this case writ is been filed on 21.09.2015 for Non extension of due date of ITR and Tax Audit for Assessment Year 2015-16 by CBDT. The writ is scheduled for Hearing on 23rd September 2015.

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