Follow Us:

EPFO: Revised delegation of financial powers for claim settlement

May 1, 2017 4569 Views 0 comment Print

Since the settlement of claim is done from two different schemes/accounts (A/c-1 for F-19 and A/c-10 for F-10C), for accounting & reporting purpose, two separate receipt numbers are required and may be entered on the single composite claim form. The member would be required to submit a single Composite Claim Form.

Extension of last date for submission of CPT exam application form

May 1, 2017 1446 Views 0 comment Print

It has been decided to extend the last date for submission of examination application forms in respect of CPT to be held in the month of June 2017, as a special case, to 6th May, 2017.

Exemption U/s. 54 cannot be denied for investment in joint name

May 1, 2017 8643 Views 1 comment Print

Assessee was entitled to full exemption u/s. 54 when full amount was invested by assessee even though property was purchased in joint names of assessee and his brother.

Fired from Job for being drunk on the way to duty is Shockingly Disproportionate: HC

April 30, 2017 5967 Views 0 comment Print

An employee wins a foreign jaunt; apart from the pleasure pursuit, the employee will undergo training abroad. On board the flight bound overseas, the employee is found drunk, too much. He is deplaned. The employer treats it as grave misconduct, punishes him —with removal from service. Is the punishment shockingly disproportionate

HC finds trial court judgment as one of worst judgment they ever seen

April 29, 2017 2958 Views 0 comment Print

In paragraph 24 of the judgment, the trial Court has extracted the alleged confession statement of all the accused in full ignoring the bar contained in Section 25 of the Evidence Act and has concluded that the accused 3 to 5 held the deceased and accused 2 attacked the deceased with a wooden rod and the first accused accused attacked the deceased with crowbar.

ICAI forms group to look intricacies in Disciplinary Mechanism

April 29, 2017 1101 Views 0 comment Print

Government Nominees on the Disciplinary Committee of the Institute on the Group to look into the intricacies involved in areas pertaining to the disciplinary mechanism wherein changes need to be made and thereafter, further amendments to the Chartered Accountants Act, 1949 and the Rules framed thereunder

Draft of amendments to Ind AS 101, First-time Adoption of IND AS

April 29, 2017 1311 Views 0 comment Print

Following is the Exposure Draft of amendments to paragraph D7AA of Ind AS 101, First-time Adoption of Indian Accounting Standards, issued by the Accounting Standards Board of the Institute of Chartered Accountants of India, for comments.

ICAI President’s Message – May 2017 on GST, Tax Changes etc.

April 29, 2017 3846 Views 0 comment Print

The Finance Bill, 2017 proposed an insertion of Section 271J in the Income-tax Act, 1961. Considering the undue hardships to be caused to our members, the ICAI had made various representations to the Ministry of Finance, Revenue Secretary and CBDT

CBDT Signs 2 More Unilateral Advance Pricing Agreements

April 29, 2017 1035 Views 0 comment Print

The 2 APAs signed yesterday pertain to Information Technology and Banking & Finance sectors of the economy. The international transactions covered in these agreements include Software Development services, IT enabled services and KPO services.

Cyprus seeks Indian investments to enhance ties: Nicos Anastasiades

April 28, 2017 729 Views 0 comment Print

President of the Republic of Cyprus urged Indian industry to invest in the country`s key areas including banking and finance, shipping and transportation, education, science and technology, pharmaceuticals, renewable energy and tourism in order to stimulate trade and investments between the two countries said at `India –Cyprus Business Session` jointly organized by ASSOCHAM, CII and FICCI.

Search Post by Date
June 2026
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
2930