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FACE To FACE with the Ministry of Finance on Black Money Act

August 24, 2015 627 Views 0 comment Print

FACE To FACE With the Ministry of Finance, Government of India WORKSHOP ON the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 26th August, 2015 (4.30 PM to 7.00 PM) at ICAI Tower, Plot no. C40, G Block, BandraKurla Complex, Bandra (East), Mumbai As the members are aware, the Black […]

Onions export subject to MEP of US$ 700 F.O.B. per MT

August 24, 2015 523 Views 0 comment Print

Export of onion for the item description at Serial Number 51 & 52 of Chapter 7 of Schedule 2 of ITC (HS) Classification of Export & Import Items shall be permitted subject to a Minimum Export Price (MEP) of US$ 700 F.O.B. per Metric Ton or as notified by DGFT from time-to-time.

Rejection of books of account for non maintainability of stock register is valid: HC

August 24, 2015 14814 Views 0 comment Print

Punjab & Haryana High Court held In the case of Harish Ahuja vs. CIT that in this case AO was not in position to verify the proper Gross profit rate because the assessee has not maintained the stock register.

Holding-Subsidiary Transactions: Post Companies (Amendment) Act, 2015

August 23, 2015 16673 Views 0 comment Print

Following the amendments to Companies Act, 2013- to increase the ease of doing business, it has become imperative to analyse and ascertain the changes brought with respect to holding-subsidiary transactions under Companies Act, 2013. Several major changes have been brought to the Companies Act, 2013 by the COMPANIES (AMENDMENT) ACT, 2015. Two of the major changes impacting the holding-subsidiary transactions are as follows:

Special it Return Counters for Salaried Tax Payers (Including Pensioners)

August 23, 2015 967 Views 0 comment Print

Special it Return Counters to be Organised for Salaried Tax Payers (Including Pensioners) to File Paper Returns Between 24th August to 31st August, 2015 at Pratyaksha Kar Bhawan in National Capita Special Facilitation Counters for Senior Citizens and Differently Abled Persons; These Counters to Facilitate Smaller Tax Payers Having Salary/Pension Income But Their Total Income […]

FM to Inaugurate 2 Day Annual Conference of Chief Commissioners / Director Generals of Customs, Central Excise and Service Tax

August 23, 2015 724 Views 0 comment Print

Finance Minister to Inaugurate Two Day Annual Conference of Chief Commissioners / Director Generals of Customs, Central Excise and Service Tax on Monday, 24th August, 2014; Conference to Focus on Emerging Areas such as Taxpayers Services, Ease of Doing Business, Make in India and Goods and Services Tax Among Others; Dr. Arvind Panagariya, Vice Chairman, […]

PIO must observe time limit in rejecting RTI Applications

August 22, 2015 10129 Views 0 comment Print

The time limit stipulated under the provisions of the RTI Act is normally 30 days either for supplying information or rejecting the application, from the date of receipt of such Application under Section 6(1) of the Right to Information Act, 2005. However, when such information is under the custody of other division, department or agency, the application or the relevant part of such application has to be transferred

A Practical Perspective View on The Secretarial Standards

August 22, 2015 1404 Views 0 comment Print

India has laws for everything. Without laws Indians follow nothing. The Children’s School Bags Act, 2006 prescribes school bags should not weigh more than 10% of the body weight of the child. Similarly, it may be proposed, that laws should not create more problems than they aim to solve.

Beware of Online Phishing

August 22, 2015 856 Views 0 comment Print

Phishing is a kind of fraud perpetrated on the Internet. It aims at stealing the personal information of online users such as customer ID, PIN, Credit/Debit card data, etc. by assuring certain favors in return. It’s a sophisticated con act akin to catching the fish with a dangling bait. This hi-tech fraudulence is carried out through emails and websites pretending to be genuine.

Value of Duty in Our Life

August 22, 2015 4121 Views 0 comment Print

Each person has a duty of his own and for others. The one who fears the consequences of the duty shies away from it. That’s why Lord Krishna made the spiritual discourse ‘Bhagavad Gita’ when the dejected warrior Arjuna refused to fight against his kith and kin in the battlefield of Kurukshetra. The Gita became the guide for human life.

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