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Policy Circular No. 14 (RE-2013)/2009-2014, Dated: 10.12.2014

December 10, 2014 415 Views 0 comment Print

Accordingly, in compliance with the aforementioned interim orders of the Hon’ble High Court of Andhra Pradesh & Telengana, effect of Notification No.93 (RE-2013) dated 29.09.2014, in respect of the EXIM Code 1005-Maize (Corn) (1005 90 00 – other), is kept in abeyance until 17.12.2014.

Service Tax Audit by CA / CMA – Further Clarification

December 10, 2014 3524 Views 0 comment Print

Circular No. 181/7/2014-Service Tax  Dated- 10th December, 2014  Sub: Audit of the Service Tax assessees by the officers of Service Tax and Central Excise Commissionerates Section 94 of the Finance Act, 1994 deals with rule making powers of the Central Government in relation to service tax. Sub-section (2) of section 94, dealing with specific purposes […]

TDS on Salary for Assessment Year 2015-16

December 10, 2014 117082 Views 0 comment Print

CIRCULAR NO : 17/2014 Circular contains the rates of deduction of income-tax from the payment of income chargeable under the head ‘Salaries’ during the financial year 2014-15 and explains certain related provisions of the Act and Income-tax Rules, 1962 (hereinafter the Rules). Circular helps employer to correctly deduct TDS on

Can CESTAT dismiss an appeal for want of prosecution?

December 10, 2014 1438 Views 0 comment Print

Hon’ble Supreme Court held that Tribunal could not have dismissed the appeal filed by the appellant for want of prosecution and it ought to have decided the appeal on merits even if the appellant or its counsel was not present when the appeal was taken up for hearing.

50% Decline in Registration of Companies

December 10, 2014 2847 Views 0 comment Print

The number of companies registered during the first five months of this financial year (2014-15) was 21,260, as against 43,601 companies registered during the corresponding period of the previous year. Month-wise registration of companies is indicated in the Table below: Table Number of Companies Registered during first five months of 2013-14 and 2014-15, month-wise:

Approval for Revised Project Cost & Extension of Contract for CPC of Income Tax Dept at Bengaluru

December 10, 2014 282 Views 0 comment Print

Approval for Revised Project Cost and Extension of Contract for the Centralized Processing Center of the Income Tax Department at Bengaluru The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today gave its approval for extension of the contract for the Central Processing Centre (CPC) Project of the Income Tax Department at Bengaluru […]

Facilitating transaction in Mutual Fund schemes through Stock Exchange Infrastructure

December 9, 2014 595 Views 0 comment Print

This circular is being issued in exercise of powers conferred under Section 11 of the Securities and Exchange Board of India Act, 1992 to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.

Satyam founder B Ramalinga Raju gets 6-month sentence in SFIO case

December 9, 2014 5623 Views 0 comment Print

A local court from Hyderabad on 08.12.2014 convicted Satyam founder B Ramalinga Raju, accused of one of the most sensational corporate frauds  in the country, and other accused in connection with complaints filed by Serious Fraud Investigation Office (SFIO).

Preference of e-Journal over Hard Copy of Journal – ICAI aks Members opinion

December 9, 2014 1392 Views 0 comment Print

Preference of e-Journal over Hard Copy of Journal Kind Attention: All Members of ICAI The Office of Editorial Board, of late, had received requests from some of the ICAI members asking us to stop sending free (mandatory) hard copy of the Journal and begin sending the soft copy instead. The Editorial Board appreciates their environment-friendly […]

Summary of ICAI Campus Placement Programme-August, September & October, 2014

December 9, 2014 1078 Views 0 comment Print

952 Chartered Accountants accepted the Job offers. The Highest salary offered for Domestic posting was Rs. 17 lacs Per Annum. The Highest salary offered for International posting was Rs. 24 Lacs per annum. The average CTC offered was approx Rs 7.28 Lacs Per Annum.

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