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CBDT enables e-Filing of Form No. 61B

August 26, 2015 14809 Views 0 comment Print

The e-Filing of Form No. 61B relating to Statement of Reportable Account u/s 285BA(1) of the Income-tax Act, 1961 has been enabled for “Registration” and “Submission of Nil statement”. Reporting Entities are requested to register in the e-Filing portal post login –> My Account –> Register as Reporting Financial Institution. After successful Registration, for submission […]

Guidelines for Grant of Reward to Informants

August 26, 2015 5032 Views 0 comment Print

Instruction No. 07/2015 In supercession of the guidelines for Grant of Reward to Informants, 2007, I am directed to say that the following guidelines will regulate the grant of reward to informants leading to recovery of taxes of tax defaulters whose names have been published in the public domain under section 287 of the Income-tax Act, 1961.

Rupees Appreciation and Depreciation

August 26, 2015 3182 Views 0 comment Print

Every country has its own currency. One currency is converted into another currency with the help of a conversion rate between these two currencies. These are done either by a bank or an authorized currency dealers. For example: – If we have Rs.5, 000/- and we wish to get US $ by surrendering the above INR one has to go to a bank or an authorized currency dealers for this conversion.

Excisability of Fly Ash generated during manufacturing

August 26, 2015 9209 Views 3 comments Print

The petitioner was engaged in the generation of electricity by burning coal resulting in production of Fly Ash as by-product which has commercial value in the market and thus it can be said that Fly Ash is marketable.

How to Convert Private Company into Public Company

August 26, 2015 174416 Views 9 comments Print

Through this write up an attempt has been made to share the basic procedure for conversion of Private Company into Public Company under Companies Act, 2013. Through this write up we’ll also discuss the relevant provisions for this conversion under Companies Act, 1956 so that we can figure out the difference between new act and old act.

Failures: Don’t Let Them Disable You

August 26, 2015 1793 Views 0 comment Print

In 1879 a boy was born. He was a slow learner and took longer than other kids to speak. His parents thought he would never speak. He spoke his first word at the age of 2. He liked Math but struggled in all other subjects. His teachers said he will keep failing and wanted to disown him.

Govt. notifies revised norms on Digital Signature

August 25, 2015 2201 Views 0 comment Print

G.S.R. 660(E).—In exercise of the powers conferred by section 87 of the Information Technology Act, 2000 (21 of 2000), the Central Government hereby makes the following rules, namely:—

Summary of e- Consultation with Technical Advisory Committee on Monetary Policy: July 2015

August 25, 2015 433 Views 0 comment Print

Date : Aug 25, 2015 Summary of the Electronic Consultation with the Technical Advisory Committee on Monetary Policy: July 2015 Consultation with external Members of the Technical Advisory Committee (TAC) on Monetary Policy was held electronically between July 22 and 28, 2015 in the run up to the Third Bi-monthly Monetary Policy Review, 2015-16 on […]

Rate of exchange of conversion of foreign currency wef 26th August, 2015

August 25, 2015 1972 Views 0 comment Print

Notification No. 82/2015 – Customs (N.T.) Dated 25th August, 2015 In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs hereby makes the following amendments in the Notification of the Central Board of Excise and Customs No. 81/2015-CUSTOMS (N.T.) dated the 20th August, 2015, with effect from 26th August, 2015, namely:-

ICAI takes back its decision on Mechanism to Monitor Tendering

August 25, 2015 2287 Views 0 comment Print

The Council at its 345th meeting held from 14th to 16th August, 2015 considered the concerns raised by members on the decision of the Council with regard to mechanism to monitor tendering hosted on the website of the Institute on 22nd July, 2015.

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