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Banks demand Increase in TDS limit for Bank interest from current Rs.10,000

December 16, 2017 2370 Views 0 comment Print

It was suggested that TDS limit for Bank interest should be raised from the current Rs.10,000/- especially for senior citizens and pensioners given the current scenario. The limit of Rs.10,000/- was last set in the year 1997.

Vacancy for Credit Control Manager

December 15, 2017 3708 Views 0 comment Print

Vacancy for the post of Credit Control Manager for A Company Based in Mumbai involved in Manufacturing and Trading of Goods. Candidates should be either CA, CS, CMA or MBA finance with 15 to 20 Years of working experience.

Appointment of Concurrent Auditors with National Housing Bank

December 15, 2017 2412 Views 0 comment Print

Request for Proposal: Appointment of Concurrent Auditors National Housing Bank RFP Reference no:- NHB/AAD/RFP/12235/2017 dated December 11, 2017 Request for Proposal (RFP)‑Appointment of Concurrent Auditors All Audits Department Head Office, National Housing Bank Core 5-A, 3rd Floor, India Habitat Centre, Lodhi Road, New Delhi – 110 003 Phone: 011-2464 9031-35 E-Mail: [email protected] ; [email protected] IMPORTANT […]

Smartowner – Changing the Real Estate Landscape in India

December 14, 2017 2208 Views 1 comment Print

There’s no secret that India is in the middle of an astonishing long-term growth phase. A key feature of this development is the steep increase in the middle class. The middle-income group in India is projected to climb up to 200 million by the year 2020, and then further escalate to 475 million by the […]

Revised Minimum Recommended Scale of Fees for CA in Practice

December 14, 2017 262680 Views 2 comments Print

Committee for Capacity Building Members in Practice (CCBMP), ICAI initiative for prescribing the Revised Minimum Recommended Scale of Fees for the Professional Assignments done by the Chartered Accountants

NCLT quashes 75% vote requirement U/s. 30(4) of IBC, 2016

December 13, 2017 5001 Views 2 comments Print

NCLT, Hyderabad quashes 75% vote requirement under section 30(4) of Insolvency and Bankruptcy Code, 2016 in in K. Shashidhar vs. Kamineni Steel & Power Pvt. Ltd.

Extension of deadline till 31.3.18 for submission of Aadhaar & PAN or Form 60

December 13, 2017 13479 Views 2 comments Print

After considering various representations received and inputs received from Banks, it has been decided to notify 31st March, 2018 or six months from the date of commencement of account based relationship by the client, whichever is later, as the date of submission of the Aadhaar number, and Permanent Account Number or Form 60 by the clients to the reporting entity. Necessary notification in this regard has been issued.

Assessment of Defective Income Tax Return Selected For Scrutiny Under CASS- Procedure

December 12, 2017 35037 Views 3 comments Print

During CASS Cycle 2016, some of the returns of income which earlier were treated as defective as per provision of section 139(9) of Income Tax Act, 1961 (‘Act’) either for the reason that the taxes as per the return were not paid or for any other reason specified therein were also selected for scrutiny.

Guidelines for grant of rewards to officers, informers & other persons, 2017

December 12, 2017 1497 Views 0 comment Print

The Government of India has issued new reward guidelines called The guidelines for grant of rewards to be paid to the officers, informers and other persons, 2017 on October 10, 2017 to regulate the grant and payment of reward to informers and government officers.

News of GST Tax demands on Software Industry are without basis: MOF

December 12, 2017 8931 Views 0 comment Print

It was reported in certain sections of the Press that tax officials had raised tax demand in respect of export of IT/IT enabled services provided to clients abroad and that this had been done on the basis of place of supply rules in respect of these services which were apparently provided in India and therefore were liable to be taxed.

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