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Are you serious, Mr. Prime Minister?

March 7, 2017 7011 Views 19 comments Print

When I heard you during your election campaign for the parliamentary elections in 2014, I just dismissed it as another rhetoric by an aspiring politician…. I am referring to your vow of eliminating black money, the so-called parallel economy running in the country… rather, running the country.

Purchase not Bogus for dealing with traders declared as hawala dealers by sales tax department

March 7, 2017 2982 Views 0 comment Print

ITAT held that purchases cannot be treated as bogus merely on the basis of assessee’s dealing with parties who were found out to be hawala dealers by the sales tax department.

IBBI Board Recognises 2 more Insolvency Professional Entities

March 7, 2017 1188 Views 0 comment Print

The Insolvency and Bankruptcy Code, 2016 (Code) is considered as the biggest economic reform next only to GST. It offers a market determined, time bound mechanism for orderly resolution of insolvency, wherever possible, and orderly exit, wherever required.

Empanelment for Statutory Audit of State/District Health Society, Bihar

March 7, 2017 1620 Views 0 comment Print

The State Health Society, Bihar invites Proposal for Audit from firms of Chartered Accountants empanelled with C& AG and eligible for major PSUs audit for the year 2016-17.

Empanelment of CA/CMAs for Internal Audit of Export Inspection Agency

March 7, 2017 2517 Views 0 comment Print

Notice Inviting Tender from Chartered Accountants / Cost Accountant Firms for Conducting Internal Audit of Export Inspection Agency-Delhi for Financial Year 2016-17:

Statutory auditor Appointment for State & District Health Society

March 7, 2017 3048 Views 0 comment Print

Request for Proposal (RFP) For Appointment of Statutory Auditor for State Health Society (SHS) and District Health Society (DHS) for Audit of all programmes under NHM including flexible pools of NRHM-RCH, NUHM, NDCP and NCD.

Empanelment for Internal Audit of Sardar Sarovar Narmada Nigam Ltd.

March 7, 2017 1479 Views 0 comment Print

Notice inviting proposal from the firms of Chartered Accountants/ Cost Accountant for the assignment of Internal audit of divisions/other offices of Sardar Sarovar Narmada Nigam Limited For F.Y. 2017-18.

Expedite prosecution filing & compounding application disposal: CBDT

March 7, 2017 2019 Views 0 comment Print

From the figure of prosecution complaints filed and pendency of compounding applications reported in respect of your region till Jan,2017, I find that performance in this area is not upto the mark.

Phishing Schemes Lead IRS “Dirty Dozen” List of Tax Scams for 2017

March 7, 2017 1461 Views 0 comment Print

The Internal Revenue Service today warned taxpayers to watch out for fake emails or websites looking to steal personal information. These “phishing” schemes continue to be on the annual IRS list of Dirty Dozen tax scams for the 2017 filing season.

Letter of allottment date must be taken as date of holding asset

March 6, 2017 4638 Views 0 comment Print

ITAT held that holding period should be computed from the date of issue of allotment If we do so, the holding period becomes more than 36 months and consequently, the property sold by the assessee would be long term capital asset in the hands of the assessee and the gain on sale of the same would be taxable in the hands of the assessee as Long Term Capital Gain

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