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Check Empanelment status with Maharashtra Cooperative Department

September 19, 2014 9486 Views 0 comment Print

Status of auditors in the panel maintained by the Cooperative Department as on 10th September,2014 For members who are already empanelled with the Co-operative Department as on March, 2013 please download to check the status (as on 10th September, 2014). Kindly visit www.wirc-icai.org or www.mahasahakar.maharashtra.gov.in website and note the following:-

Passengers Facilitation at International Airports – Reg

September 19, 2014 3797 Views 0 comment Print

Another measure that would assist international passengers and in turn create a good image of the Department and our country would be through “Help Desks”. Admittedly, PROs perform this function today, but it is important to

Deemed dividend applies only where there is ‘actual payment’ & not on transaction in kind

September 19, 2014 2398 Views 0 comment Print

The Assessee was a significant shareholder in a company – The company sold building to shareholder on credit – Department treated it as ‘loan’ or ‘advance’ for invoking Section 2(22)(e). CIT(A) upheld the addition on the ground that since the unpaid purchase price has not been paid

Advance Tax Due Date in Jammu & Kashmir extended from 15.09.2014 to 15.12.2014

September 19, 2014 1178 Views 0 comment Print

Considering the large-scale devastation in the State of Jammu and Kashmir due to the natural calamity, the Central Board of Direct Taxes (CBDT) has extended the date for payment of second instalment of advance tax for companies and first instalment of advance tax for others for FY 2014-15 (AY 2015-16) from 15th September, 2014 to 15th December, 2014

World’s factory and back office need to combine

September 19, 2014 1121 Views 0 comment Print

In an special article titled Towards an Asian century of prosperity in the Hindu daily, Chinese President XI Jinping said that “the combination of the ‘world’s factory’ (China) and the ‘world’s back office’ (India) will produce the most competitive production base and the most attractive consumer market.

CBDT seeks inputs from officials to improve assessment order quality & to reduce litigation

September 18, 2014 1836 Views 0 comment Print

Officers are requested to send their inputs/ suggestions for improving quality of assessment orders, to strengthen the institution of CIT (A) and possible steps that can be taken to reduce litigation by the department before the ITAT to Member Secretary of the Committee through e­mail at membersecretaryahd@gmail.com.

Exchange Rate of Foreign Currency WEF 19th September, 2014 Relating to Imported and Export Goods Notified

September 18, 2014 2203 Views 0 comment Print

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Government of India in the Ministry of Finance (Department of Revenue)

Amends Notification No. 12/97-Customs (N.T.), Dated the 2nd April, 1997

September 18, 2014 550 Views 0 comment Print

In exercise of the powers conferred by clause (aa) of sub-section (1) of section 7 of the Customs Act,1962 (52 of 1962), the Central Board of Excise and Customs, hereby makes the following further amendments in the notification of the Government of

Is Articleship Important for a CA student?

September 18, 2014 25599 Views 1 comment Print

When students approach me and ask whether they should do articleship in a CA firm or should they take a dummy, I get very sad and disappointed.  I am very sure that our Institute of Chartered Accountants of India at the time of envisioning this great profession would have never ever imagined students asking this […]

Seeks to amend notification No. 12/2012-Cus Dated: 17.3.2012

September 18, 2014 694 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further

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