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ICAI requests members to share difficulties being faced in e-filing of tax audit reports

July 14, 2013 2763 Views 0 comment Print

As the members are aware, the Direct Taxes Committee of ICAI makes suitable representations to the Central Board of Direct Taxes or other appropriate bodies on various issues arising out of direct tax laws from time to time which are brought to the notice of the Committee by the members.

Qualified Opinion in Auditors’ Report

July 13, 2013 232076 Views 1 comment Print

Independent audit report is given to the shareholders of the company which is independent of the management. Audit Report is the communication to the shareholders by which an auditor expresses his opinion about the financial statement of the company audited by him. Audit report is an important aspect in the audit process. Auditor collects evidence […]

Customs – Seeks to notify Tiruchirappalli Airport for courier import and export operations

July 12, 2013 634 Views 0 comment Print

In exercise of the powers conferred by section 157 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby makes the following regulations further to amend the Courier Imports and Exports (Clearance) Regulations, 1998, namely :-

Notification No. 73/2013-Customs (N.T.) Dated: 12/07/2013

July 12, 2013 382 Views 0 comment Print

Nhava Sheva to act as a common adjudicating authority to exercise the powers and discharge the duties conferred or imposed on-

Notification No. 72/2013-Customs (N.T.) Dated: 12/07/2013

July 12, 2013 406 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 4 and sub-section (1) of section 5 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby appoints the Additional

Clarification regarding applicability of the Pneumatic Tyres and Tubes for Automotive Vehicles (Quality Control) Order 2009 for used tyres –regarding

July 12, 2013 2482 Views 0 comment Print

Reference has been received regarding applicability of the Pneumatic Tyres and Tubes for Automotive Vehicles (Quality Control) Order 2009 in case of old and used pneumatic tyres and tubes for automotive vehicles, requirement of consent from the Ministry of Environment and Forest, and the date of applicability of the said Quality Order for imported goods.

Government keen for Resolution of Tax Disputes with Foreign Companies Operating in India

July 12, 2013 898 Views 0 comment Print

Shri Jesudasu Seelam, Minister of State (Revenue), Ministry of Finance said that the Government of India is keen to provide a suitable mechanism for resolution of tax disputes between the tax department and foreign companies operating in India. In this direction, he said that the Government inserted provisions relating to Advance Rulings vide Finance Act, 1993.

2 Year Jail Term for ITO & Inspector in Bribery Case

July 12, 2013 1367 Views 0 comment Print

The Special Judge for CBI Cases, Coimbatore has convicted Shri N.Gopalsamy, then Income Tax Officer and Shri C.U.Ashokan, Income Tax Inspector, Tirupur and sentenced them to undergo two years Rigorous Imprisonment in a bribery case.

Nutrition is pre-requisite of Beauty – Azad

July 12, 2013 703 Views 0 comment Print

Nutrition is the pre-requisite of beauty. There is peaceful co-existence of Allopathy with Ayurveda, Yoga, Siddha and Sowa-Rigpa in our country.Union Minister of Health & Family Welfare, ShriGhulamNabi Azad said this in New Delhi today.

Widening Of the Scope of Power of Transfer Pricing Officer in Context of Section 92CA – An Analogous Study

July 12, 2013 7929 Views 0 comment Print

In the last few years the Government of India has taken many steps in order to strengthen the Transfer Pricing (Taxation) regime in India. A series of amendment has been introduced in order to enhance the ambit of tax base and consequent increase in the revenue. The latest step in this direction was the extension […]

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