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Aadhaar Data is Never Breached or Leaked: UIDAI

November 20, 2017 8649 Views 1 comment Print

The Unique Identification Authority of India (UIDAI) responding to a news report, appeared in certain section of media on “210 Government sites made Aadhaar info public” as if Aadhaar data is leaked or breached, has said that such report is a skewed presentation of the facts and poses as if the Aadhaar data is breached […]

CVC Code of Ethics for Chartered Accountants

November 20, 2017 33054 Views 5 comments Print

This function of attestation is done by professional accountants, who are Chartered Accountants in our country. It has been however, observed that there have been a number of cases in banks and financial institutions wherein due to the erroneous/ambiguous advice tendered by the respective Chartered Accountants, borrowal accounts have had to face quick mortality resulting in loss for the bank.

ICAI CPE hours requirements for 1-1-2017 to 31.12.2019

November 20, 2017 14749 Views 0 comment Print

CPE Hours Requirements for Chartered Accountants for the Block Period of 3 years (1-1-2017 to 31.12.2019) to be complied with by different categories of Members

Permission to display revised MRP due to reduction of rates of GST up to 31.12.2017

November 19, 2017 1875 Views 0 comment Print

Considering the requests received to extend the permission for some more time it has been extended to display the revised MRP due to implementation of GST by way of stamping or putting sticker or online printing for a further period of three months, i.e. up to 31st December, 2017.

Request for Proposal of Appointment of Tax Consultant with STPI

November 19, 2017 1632 Views 0 comment Print

Software Technology Parks of India (STPI) invites proposal from the Chartered/Cost Accountant Firms for appointment as Tax Consultant for providing the taxation services to STPI. The details of RFP are as under:

Appointment of Concurrent Auditors for State Health Society Maharashtra

November 19, 2017 1170 Views 0 comment Print

Request for Proposal (RFP): Appointment of Concurrent Auditors for State Health Society Maharashtra (SHSM) and its Grantee Institutions for Audit of all programmes under National Health Mission including NDCPs & NCDs for the F.Y.2018-19.

Subsidy received for setting up of or expansion of industry: Whether ‘Capital receipt’ or a ‘Revenue Receipt’

November 18, 2017 14613 Views 0 comment Print

Even if a subsidy is given to attract industrial investment or expansion, which is a otherwise a capital receipt under the pre- amendment era, shall be treated as income chargeable to tax, except where it has been taken into account for determining the actual cost of assets in terms of Explanation 10 to section 43(1) of the Act.

Updated Consolidated notification pertaining to CGST/IGST/UTGST rates on services

November 18, 2017 4782 Views 1 comment Print

Consolidated notification pertaining to CGST rates on services as amended upto 14.11.2017. Title Notification No. Date Notification No. 17/2017-Central Tax (Rate) updated till 14th Nov, 2017 Notification No. 17/2017-Central Tax (Rate) updated till 14.11.2017 28/06/2017 Notification No. 16/2017-Central Tax (Rate) updated till 14th Nov, 2017 Notification No. 16/2017-Central Tax (Rate) updated till 14.11.2017 28/06/2017 Notification […]

Moody’s upgrade Sovereign Credit Rating of India to Baa2 from Baa3

November 17, 2017 2322 Views 0 comment Print

Moody’s Investors Service (“Moody’s”) has upgraded the Government of India’s local and foreign currency issuer ratings to Baa2 from Baa3 and changed the outlook on the rating to stable from positive. India’s rating has been upgraded after a period of 13 years. India’s sovereign credit rating was last upgraded in January 2004 to Baa3 (from […]

Draft Notification U/s. 115JG (1) on conversion of Indian Branch of Foreign Bank into Indian Subsidiary company

November 17, 2017 906 Views 0 comment Print

Draft of Proposed Notification under Section 115JG (1) of the Income-tax Act, 1961 issued in respect of conversion of Indian Branch of Foreign Bank into Indian Subsidiary company; Comments/suggestions of Stakeholders sought on Draft Notification by 30th November, 2017.

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