We have given below Format of the Independent Auditor’s Report on Standalone Financial Statements under the Companies Act, 2013 As Applicable from Financial Year 2014-15.
Notification No. 48/2015 – Income Tax In exercise of the powers conferred by sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income Tax Act, 1961 (43 of 1961), the Central Government, on the recommendation of the National Committee for Promotion of Social and Economic Welfare, hereby notifies the institutions approved by the said National Committee, mentioned in column (2) of the Table below, and
1. Is it the right time to invest? Right time varies for each investor. There are two categories of investor mainly: A. Who are in need for fund and start investing to earn high return (Risk averse). B. Who have surplus fund and start investing the surplus fund lying with them (Risk taker).
Dear all, quite some number of us have known, been through and have faced the brunt of managing between our Articleship and the respective Classes during our time in CA Finals. Maybe some of us are still facing the brunt of the same in some way or the other….
Tax Evasion and avoidance is a main problem in every country. Taxpayer can choose any tax efficient method but that method should not for the purpose to obtain tax benefit. General Anti Avoidance Rules (hereinafter referred to as GAAR) has been introduced by Government to overcome from these problems. GAAR provisions aims at reducing or preventing impermissible tax avoidance.
The author has first hand knowledge and experience that a large majority of projects fail, firstly, due to inexcusable delay in sanction of working capital and secondly, due to inexcusable delay in disbursement of working capital by the idle bureaucracy in the Banks.
Interest is nothing more than the cost someone pays for the use of someone else’s money. Homeowners, credit cards users etc know about this scenario very well. They borrow money from bank and in return they pay interest to bank for using the privilege.
Government Assures the Public Sector Banks (PSBs), Financial Institutions (FIS) and Insurance Companies of Freedom of Non-Interference in Matters of Commercial Decisions, Transfers, and Postings etc. The Department of Financial Services, Ministry of Finance issued a circular yesterday to the Chief Executive Officers (CEOs) of all Public Sector Banks (PSBs), Financial Institutions (FIs) and Insurance […]
The undersigned is directed to state that large number of requests for Exchange of Information (EOI) in time barring assessments/ matters are received in FT&TR Division just before the time barring date. It becomes difficult to process and forward such requests after due scrutiny to the Foreign Competent Authority in time. Further, in many cases the EOI requests are not properly drafted/prepared and modification of these requests by the field officers is required.
FM: Infrastructure Sectors Such as Coal, Power and Cement have been Recording Double Digit Growth in the Last Few Months While Growth in Manufacturing Sector is Still Patchy; Reviving Manufacturing is One of the Major Challenges of our Economic Management The Union Finance Minister Shri Arun Jaitley said that the Infrastructure Sectors such as coal, […]
