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Income Tax Return & other details exempt from RTI – Delhi HC

December 4, 2014 2045 Views 0 comment Print

The assessment proceedings are not public proceedings where all and sundry are allowed to participate and add their opinion to the proceedings. Merely because a spirited citizen wishes to assist in assessment proceedings, the same cannot be stated to be in larger public interest.

FM asks Customs Officials to use Latest Technology

December 4, 2014 811 Views 0 comment Print

FM asks the Customs Officials to use Latest Technology to Gather and Analyze Intelligence Information to Curb any Illicit Transaction Across the Border December 4, 2014 – The Union Finance Minister Shri Arun Jaitley asked the Customs officials to use latest technology to gather and analyze intelligence information relating to any illicit transaction across the […]

Mobile Banking Transactions in India – Operative Guidelines for Banks

December 4, 2014 1027 Views 0 comment Print

As banks have started offering mobile banking services at different points of time, there are differences in procedures adopted by banks for registering customers for mobile banking as well as in the channels of delivery and authentication process. Generally, banks are offering mobile banking services through the SMS, Application-based solutions and USSD channels.

Shri Anil Kumar Sinha Take Over as New CBI Chief

December 4, 2014 1069 Views 0 comment Print

SHRI ANIL KUMAR SINHA TAKES OVER AS DIRECTOR, CBI Shri Anil Kumar Sinha, an IPS Officer of 1979 Batch (Bihar Cadre) today took over as Director, Central Bureau of Investigation. Before joining, he was serving as Special Director in CBI. While interacting with media, Shri Sinha said, “I accept the responsibility to head the premier […]

RBI releases Guidelines for setting up of & operating Trade Receivables Discounting System (TReDS)

December 4, 2014 1549 Views 0 comment Print

The Reserve Bank of India (RBI) today announced the guidelines for setting up and operating the Trade Receivables Discounting System (TReDS). TReDs is a scheme for setting up and operating the institutional mechanism to facilitate the financing of trade receivables of micro, small and medium enterprises (MSMEs) from corporate and other buyers, including government departments […]

RBI relaxes condition for issue of Pre-paid Payment Instruments / GIft Cards

December 3, 2014 2375 Views 0 comment Print

The maximum validity of the gift cards has been enhanced from one year to three years. Other provisions of PPI guidelines with respect to Gift Cards will continue to be applicable.

Advisory for conducting scrutiny assessment proceedings in Jammu and Kashmir

December 3, 2014 3087 Views 0 comment Print

It has come to the notice of the Board that due to recent devastation caused by the floods in the State of Jammu & Kashmir, the income-tax assessees of that State are facing difficulties in ensuring compliance either with the requirements under ongoing scrutiny assessment proceedings or with respect to notices u/s 143(2) of the Income Tax Act, 1961 (‘Act’) issued recently.

Companies (Amendment) Bill, 2014 – Proposed Amendments

December 3, 2014 7539 Views 0 comment Print

Companies (Amendment) Bill, 2014 The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, today approved the introduction of the Companies (Amendment) Bill, 2014 in Parliament to make certain amendments in the Companies Act, 2013. The Companies Act, 2013 (Act) was notified on 29.8.2013. Out of 470 sections in the Act, 283 sections and […]

Govt. Set-up High Level Committee to Interact With Trade & Industry On Tax Law

December 3, 2014 1081 Views 0 comment Print

PRESS NOTE Setting Up Of High Level Committee To Interact With Trade And Industry On Tax Law In his Budget Speech 2014-1 5, Finance Minister had announced the setting up of a High Level Committee to interact with trade and industry and ascertain areas where clarity on tax laws is required. Accordingly, a High Level […]

CA Exam – Mistakes which I had done, one should not do..

December 3, 2014 10234 Views 0 comment Print

Madhusudan Kabra I am writing this article especially for students of ICAI, ICSI, ICAI (CMA). This article is summarization of what strategies I had made while preparing for CA examinations, which my friends haven’t applied and later on suffered a lot particularly on a day before examinations. So my try is to share my experience […]

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