Schedule I provides for exemption in respect of sales of aforesaid goods where such goods are purchased on or after the 1st January 2014, whereas Schedule II provides for exemption in respect of sales of aforesaid goods which were purchased on or before the 31st December 2013.
The Reserve Bank of India has today cautioned the users, holders and traders of Virtual currencies (VCs), including Bitcoins, about the potential financial, operational, legal, customer protection and security related risks that they are exposing themselves to.
Candidates appearing in Foundation Examination for Dec’13 term are strictly advised to report at the respective examination centres at least one hour before the commencement of the examination i.e. at 9:00am for morning session and 1pm for afternoon session. Any candidate reporting later than the above time will not be allowed to appear the examination. […]
SEBI approved the proposal to make the IPO grading mechanism voluntary as against the current provision of the same being mandatory.
The Central Bureau of Investigation has arrested a Deputy Commissioner of Income Tax (IRS-2006 Batch), New Delhi in an ongoing investigation relating to alleged bribery case.
On a review, it has been decided to permit such resident entities / companies in India, authorised by the Government of India, to issue tax-free, secured, redeemable, non-convertible bonds in Rupees to persons resident outside India to use such borrowed funds for the following purposes:
There are many cases coming for consideration regarding eligibility of SSI exemption to all co-owners of immovable property individually. The department is of the view that all co-owners fall under the definition of Person under Section 65B (37) and acting as association of persons
Even though land or building as above may be a taxable asset, but an exemption from wealth tax has been provided to an individual or an HUF in respect of one house (or part of house) or a plot of land upto 500 square metres in area. The house may be self-occupied or let out or used for residential or commercial purposes. A company is not eligible for this exemption.
Further, the Committee, continuing with its efforts to update the members and also to partner the Government in its initiative, has come out with Handbook on Service Tax Voluntary Compliance Encourage Scheme, 2013. The Handbook has been hosted on Indirect Taxes Committee page of ICAI website and can be downloaded from http://220.227.161.86/31675idtc-STVCES-2013.pdf.
We are happy to announce that the Board of Studies and IT Directorate has developed an Online Registration Portal for GMCS, ITT and Orientation Programs on All India Basis for Registration/ Allocation of Batches for GMCS, ITT and Orientation Programs to facilitate the students to register from anywhere for any centre. However, in the First Phase “Faculty […]
