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Food processing sector to generate 9 million jobs by 2024

February 21, 2017 990 Views 1 comment Print

Indian food processing sector has potential to attract US$ 33 billion of investment and generate employment of 9 million persons days by FY 2024, said an ASSOCHAM-Grant Thorton Research paper.

ICAI forms Group to formulate its Foreign Travel Policy

February 21, 2017 795 Views 0 comment Print

The President, in terms of the authority given to him by the Council at its 363rd meeting held on 12th February, 2017, has constituted a Group for formulating Foreign Travel Policy of the Institute, with the following composition

ICAI Group to consider study circles structure & means to obtain PAN, TAN, Service Tax registration

February 21, 2017 1626 Views 0 comment Print

ICAI has constituted a Group for considering the entire structure of study circles, exploring ways and means to obtain independent PAN, TAN, Service Tax registration and other statutory compliances

Standard Operating Procedure for protection and care of children in street situations launched

February 21, 2017 726 Views 0 comment Print

A Standard Operating Procedure (SOP) for Care and Protection of Children in Street Situations for their rehabilitation and safeguarding was released by Minister for Women & Child Development, Smt Maneka Sanjay Gandhi in New Delhi today.

New Format for Reporting Road Accidents

February 21, 2017 1332 Views 0 comment Print

Ministry of Road Transport’s New Format for Reporting Accidents.An expert committee was constituted by Ministry of Road Transport and Highways to review the format for reporting of road accidents.

Future of real estate sector is in affordable housing: Naidu

February 21, 2017 1047 Views 0 comment Print

Minister of Housing & Urban Poverty Alleviation Shri M.Venkaiah Naidu today urged real estate developers to take up affordable housing projects in a big way while stressing that therein lies the future of the real estate sector. Elaborating on his statement

Leave encashment provision based on actuarial valuation is not unascertained liability

February 21, 2017 7581 Views 0 comment Print

It is an admitted fact that provision for leave encashment has been made on the basis of actuarial valuation report. Relevant notes in this regard have also been given by the assessee in its annual financial statements.

10 lakh citizens get rewarded for embracing Digital Payments

February 21, 2017 1413 Views 1 comment Print

It has been 58 days since the launch of NITI Aayog’s two incentive schemes – Lucky Grahak Yojana and Digi Dhan Vyapar Yojana to promote digital payments and the public response has been quite encouraging.

Mere client code modification by broker does not mean that any income has escaped assessment

February 21, 2017 5409 Views 0 comment Print

This petition challenges notice dated 31st March, 2016 issued under Section 148 of the Income Tax Act, 1961. The impugned notice seeks to reopen the assessment for Assessment Year 2009-­10. The regular assessment proceedings were completed on 28th December, 2011 under Section 143(3) of the Act.

AO to issue show cause notice before making reference to TPO

February 21, 2017 2898 Views 0 comment Print

Rule. Mrs. Mauna N. Bhatt, learned advocate waives service of notice of rule on behalf of the respondents. In the facts and circumstances of the case and with the consent of the learned advocates appearing for the respective parties, the present petition is taken up for final hearing today.

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