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No RTGS , NEFT, ECS on Second & Fourth Saturday

September 1, 2015 2315 Views 0 comment Print

All scheduled and non-scheduled banks – public, private, foreign, cooperative, regional rural and local area banks – will observe public holiday on second and fourth Saturdays from September 01, 2015; and will observe full working days on Saturdays other than second and fourth Saturdays (referred to as working Saturdays in the Press Release).

Link aadhar with PAN to e-Verify Income Tax return

September 1, 2015 1692 Views 0 comment Print

Taxpayers are requested to go to “Profile Settings –> Link Aadhaar” after logging to their account to link their Aadhaar with PAN. This is an optional feature that will enable taxpayers to e-Verify their Income Tax return if their Aadhaar-PAN linking is successful and if they have an valid mobile number registered with Aadhaar. Electronic […]

ICAI President's Message – September 2015

August 31, 2015 592 Views 0 comment Print

These days quite justifiably, people of Indian origin are remarkably being appointed, elevated and accepted for higher administrative and management responsibilities across organisations globally. Most notably, companies like Microsoft, Google, NetApp, Oracle, Nokia and SoftBank have quite recently hired people of Indian origin to play a big and responsible role in their growth and development.

Government asks RBI to reverse Income Tax deductions of Telengana

August 31, 2015 540 Views 0 comment Print

After careful examination and consideration of issues connected, it has been decided that the deductions made by the Reserve Bank of India (RBI) of an amount of Rs. 1274.21 crores on account of State of Telengana in response to the Income Tax Notice, are not in consonance with the Principle of Co-operative Federalism and RBI has been asked to reverse the entry.

India and Germany to Continue to Exchange Tax Related Information

August 28, 2015 516 Views 0 comment Print

Both Countries Agreed to Explore Other Possibilities of Enhancing Exchange of Information; They Agreed to Resume Negotiations on Partial Revision of the DTAA Between the two Countries with a View to Bring the Provisions Relating to Exchange of Information to International Standards

ICAI making efforts for extension of due date of filing Income-tax returns for AY 2015-16

August 28, 2015 1478 Views 0 comment Print

As you are aware, the Direct Taxes Committee of ICAI has already made a representation for extension of due date for filing return of income and is very vigourously pursuing the same. The Direct Taxes Committee of ICAI with the help of the President, ICAI , the Vice-President, ICAI

Clarifications on some commonly asked queries pertaining to elected representatives of ICAI and general members of ICAI

August 28, 2015 772 Views 0 comment Print

It is permissible for the elected representatives of the ICAI to reply to the general queries of members on email, mentioning their respective designation(s) held in ICAI at present and/or in past along with their photograph as signature of the email. Likewise, it is also permissible for the general members to reply to the members’ queries on email, along with their photograph as signature of the email.

Review of policy relating to forfeiture of partly paid-up shares

August 28, 2015 5171 Views 0 comment Print

Forfeiture of shares is a process specified under Table-F (Articles of Association of a Company Limited by Shares) of Schedule I of the Companies Act, 2013. The standard procedure to be followed in case of forfeiture of partly paid-up shares is as follows:

Empanelement with SBBJ for Forensic Audit

August 27, 2015 2296 Views 0 comment Print

STATE BANK OF BIKANER & JAIPUR HEAD OFFICE, TILAK MARG JAIPUR Empanelment Of Chartered Accountants / Cost Accountants For Forensic Audit State Bank of Bikaner and Jaipur, Head Office, Jaipur invites application from eligible individuals! corporates! firms who display exceptional professional competence in forensic audit and are Members of Institute of Chartered Accountants of India […]

‘Mortgage Guarantee’ backed loans for affordable housing sector

August 26, 2015 916 Views 0 comment Print

ICICI Bank launches ‘Mortgage Guarantee’ backed loans for affordable housing sector First bank in India to offer this facility for retail customers It can enhance a home loan by up to 20% within regulatory norms It allows a borrower to choose an extended loan tenure up to 67 years of age

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