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Empanelment of CA Firms for Internal Audit of Chhattisgarh State Marketing Corp. Ltd.

March 9, 2017 1650 Views 0 comment Print

Applications are invited from Chartered Accountants (Partnership! LLP / Sole proprietorship firms) registered with the Institute of Chartered Accountants of India (ICAI) who intends to be empaneled with Chhattisgarh State Marketing Corporation Limited (hereinafter referred to as CSMC) for appointment as Internal Auditors for the year 2017-2018.

Appointment of internal auditor under Gujarat Horticulture Mission

March 9, 2017 840 Views 0 comment Print

Appointment of internal auditor under Gujarat Horticulture Mission Download Full Text

100% FDI in e-commerce sites via automatic route allowed

March 9, 2017 909 Views 0 comment Print

These Regulations may be called the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Fourth Amendment) Regulations, 2017. They shall come into force from the date of their publication in the Official Gazette.

Identity Theft: IRS Urge People to be Vigilant Against Criminals

March 9, 2017 873 Views 0 comment Print

The Internal Revenue Service today issued a filing season alert warning taxpayers and tax professionals to watch out for identity theft at tax time and highlighted the crime as a top scam in the agency’s Dirty Dozen series.

Changes in Service Tax on Inbound Cargo Services

March 9, 2017 2511 Views 1 comment Print

Recently Government of India has withdrawn the exemption granted to transportation of goods through vessel upto custom station of clearance in India (Inbound Cargo transportation or Import Cargo services)

Right Issue and IAS 32 Implication

March 9, 2017 2277 Views 1 comment Print

A rights issue is basically when a company offers existing shareholders a right to purchase additional shares of the company at a given price, which is at a discount to the prevailing market price of the stock, to make the offer enticing for the shareholder and to ensure that the rights offer is fully subscribed to.

Translation of foreign currency financial statements

March 9, 2017 17118 Views 0 comment Print

IASs have no explicit concept of functional currency. Whatever currency the accounts are presented in is simply known as the reporting currency (all other currencies are foreign currencies) and its role in the translation processes is similar to that of the US and UK functional currency.

Addition by CIT(A) without Opportunity to Assessee is invalid

March 8, 2017 2508 Views 0 comment Print

Section 251(2) provides that the Commissioner (Appeal) shall not embark on enhancement of an assessment unless the assessee has been granted a reasonable opportunity of showing cause against such We find no reference to the issuance of enhancement notice in the appellate order of the CIT(A).

Last date of Digital Life Certificate submission extended to 31.03.2017

March 8, 2017 2040 Views 0 comment Print

Last date of submission of Digital Life Certificate through Jeevan Pramaan Patra extended upto 31st March 2017. EPF & MP Act, 1952 made applicable to all staff employed in ECHS on contractual basis. A single page composite claim form in death cases replaces Form 20, form 5-IF and Form 10-D

CBI Arrests Superintendent of Central Excise in an alleged bribery case

March 8, 2017 1164 Views 0 comment Print

CBI has arrested a Superintendent of Central Excise, Anti-Evasion, Hyderabad-II Commissionerate, Kendriya Shulk Bhavan, Basheerbagh, Hyderabad and a private person in an alleged bribery of Rs. four lakh.

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