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Padma Awards 2017 Ordinary Indians with Extraordinary Capabilities

March 1, 2017 1650 Views 1 comment Print

Karimul Haque and Nivedita Bhide have nothing in common. Neither education, family background, resources at disposal nor even geographical location, but one thing that both have common is their willingness to serve.

DVAT: Appointment of 13 Assistant Value Added Tax officer

March 1, 2017 1587 Views 0 comment Print

Governor of the Delhi is pleased to appoint following officer, with effect from date of assumption of charge to assist Commissioner of Value Added Tax, Delhi, in the administration of the said Act, namely

The Fear of English…………

March 1, 2017 11514 Views 21 comments Print

Although I completed my school and college from English medium but my English is not so good or you can say that I don’t have confidence to write anything in my own words on any topic.

Budget 2017: Transfer of Unquoted Shares- Double taxation in the hands of seller as well as buyer

February 28, 2017 3234 Views 0 comment Print

Section 50CA and section 56(2)(x)(c)- Fair Market Value to be full value of consideration in case of transfer of unquoted shares –Amendment required in view of double taxation in the hands of seller as well as buyer

ICAI President’s Message – March 2017

February 28, 2017 1923 Views 0 comment Print

I feel extremely privileged to take over as 65th President of ICAI, in the 68th year of its glorious existence and recognition. Realising my increased involvement in the affairs of my dear profession, I feel humbled, as nothing could be more satisfying in the career of a professional than serving his/her alma-mater

Budget 2017- Capital gain in case of joint development agreement – Concerns which need attention

February 28, 2017 7269 Views 0 comment Print

The Finance Bill 2017 proposes to insert sub-section (5A) in the existing section 45 to provide that the capital gains arising to an individual or Hindu undivided family under a Joint Development Agreement shall be taxed in the year in which completion certificate for the whole or part of the project is received

Budget 2017: Exemption Limit of Rs. 50000 U/s. 56 should be raised to 5 Lakh

February 28, 2017 5487 Views 0 comment Print

In order to avoid the unintended hardship to small taxpayer, the limit of exemption under section 56 may be increased from 50,000 to Rs. 5 lakhs.

Advance Pricing Agreements Signed by CBDT Touches 140

February 28, 2017 765 Views 0 comment Print

Total number of APAs entered into by the CBDT has reached 140. This includes 10 Bilateral APAs and 130 Unilateral APAs. In the current financial year, a total of 76 APAs (7 Bilateral APAs and 61 Unilateral APAs) have already been entered into.

Procedure to Reset Password while migrating to ICSI SMASH Portal

February 28, 2017 6384 Views 0 comment Print

ICSI is receiving a number of queries from the students informing therein that they are facing difficulties in resetting the password while migrating to the ICSI SMASH Portal. Even though detailed User Manual has been uploaded on the website, the procedure for resetting the password is described hereunder :

Anti- Profiteering Clause in GST (Section 163)

February 28, 2017 6114 Views 0 comment Print

With the upcoming reform of Indirect Tax in the country as a whole, pursuant to Constitutional Amendment, the government is intent to take every measure for the fulfilment and successful implementation of GST in every corner and for the betterment, and by this oath

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