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CBDT not agreed to Tax Audit Due Date Extension

October 22, 2013 3587 Views 0 comment Print

1) Committee met with CBDT and sought one month extension from CBDT. 2) CBDT did not agree with the proposal in the meeting and said that they will communicate the final decision. 3) Next hearing at Delhi High Court is on 24th.

Notification No. 24/2013-Customs (ADD) Dated: 21/10/2013

October 21, 2013 724 Views 0 comment Print

WHEREAS in the matter of Methylene Chloride (hereinafter referred to as the subject goods), falling under Chapter 29 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), originating in, or exported from

Effect of FDI on Various Sector

October 21, 2013 5015 Views 4 comments Print

Foreign direct investment plays very imperative role in the economic development of the country. It helps in transferring of financial resources, technology and innovative, improved management techniques along with raising productivity and to attain a financial stability and economic growth with the help of investments in different sectors.

Analysis of Audited & Un-Audited Bank Branches during 2012-13

October 21, 2013 4146 Views 0 comment Print

The author have analysed the data of Branches under statutory audit of 25 Nationalised banks for Financial Year 2012-13 and it is observed that branches audited of these nationalised banks were ranged between 28.90% to 67.10%.

Notification Appointing Assistant CITs As Deputy CITs – Notification No. 7 of 2013

October 21, 2013 577 Views 0 comment Print

The CBDT has issued Notification No. 7 of 2013 dated 21.10.2013 appointing several Assistant Commissioners of Income-tax (Junior Scale) as Deputy Commissioners of Income-tax (Senior Scale) in the pay scale of Rs. 15,600 – 39,000

CORPORATE SOCIAL RESPONSIBILITY Under Companies Act, 2013

October 21, 2013 8720 Views 0 comment Print

Corporate social responsibility (CSR) also called corporate conscience, corporate citizenship, social performance, or sustainable business is a form of corporate self-regulation integrated into a business model.

Reg. CVD on Steam Coal imported from Indonesia

October 21, 2013 5519 Views 1 comment Print

Under notification No. 12/2012-Customs, dated 17-03-2012 (S. No. 123 of the Table), Steam Coal falling under sub-heading 27011920 attracts basic customs duty (BCD) at 2% and countervailing duty (CVD) at 2%.

Setting Up Of Tax Administration Reform Commission (TARC)

October 21, 2013 720 Views 0 comment Print

Pursuant to the announcement made by the Hon’ble Finance Minister in his Budget Speech 2013-14, the government set-up Tax Administration Reform Commission (TARC) with a view to reviewing the application of Tax Policies and Tax Laws in India

RBI guidelines on opening of branches by scheduled commercial banks

October 21, 2013 6395 Views 0 comment Print

Presently, in terms of reporting requirements as laid down in para 23 of Master Circular DBOD No. BAPD.BC. 18/22.01.001/2013-14 dated July 01, 2013 on Branch Authorisation, banks should report details of opening of a new place of business including Mobile branch/Mobile ATMs, and call centres, and closure, merger, shifting or conversion of any existing place of business immediately and in any case not later than two weeks after opening/closure/merger/shifting/conversion to the Regional Office concerned of the Department of Banking Supervision (DBS), Reserve Bank of India, except in respect of branches in Maharashtra and Goa, which should be reported to DBOD, CO, Mumbai. This reporting requirement would continue.

CPE credit Hours requirements for Calender Year 2011 to 2013 for CAs

October 20, 2013 1952 Views 0 comment Print

CPE credit Hours requirements for the block of 3 years started with effect from 01-01-2011 to 31-12-2013 to be complied with by different categories of members:

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