07/08/2015 – The OECD today releases three new reports to help jurisdictions and financial institutions implement the global Standard for automatic exchange of financial account information. Common Reporting Standard Implementation Handbook (the CRS Handbook): this first edition provides practical guidance to assist government officials and financial institutions in the implementation of the Standard. It sets […]
Government has recently modified the Foreign Exchange Management (Current Account Transactions) Rules, 2000 and the Liberalized Remittance Scheme (LRS) for resident individuals for further liberalizing the existing guidelines. Accordingly, all resident individuals, including minors, are allowed to freely remit upto USD 2,50,000
ICAI Takes Serious View of Members’ Affidavits in respect of Delayed Filing of Clients’ Appeal. ICAI for Speedy and Effective Disposal of Disciplinary Cases. ECI Looks up to ICAI to Empower Auditors of Political Parties. ICAI Action on C&AG Report on Performance Audit.
Registrar of Companies (ROCs) were directed to examine documents under Section 234 of the Companies Act, 1956 in the year 2010. ROCs examined documents of the companies located within their jurisdictions and certain violations of the provisions of the Companies Act, 1956 were noticed in some cases as per details in Annexure.
Finance Minister Calls for Prudent Expenditure Management; Asks Officers of Indian Cost Accounts Service to Upgrade Their Professional Skills and Expertise in Order to Play a Proactive Role in Assisting the Government in Achieving the Highest Level of Cost Efficiency in Its Projects, Schemes and Operations; Inaugurates the First Indian Cost Accounts Service Day
The Government of India has launched e Tourist Visa on November 27, 2014. The scheme has been extended to 77 countries at nine airports designated for providing e-Tourist visa service till now. The Centre is now going to extend this facility to 36 more countries from August 15, 2015. The new countries being included in […]
For ease of doing business, Ministry of Corporate Affairs has introduced a simplified Incorporation Form-INC-29. The form offers a number of advantages over traditional incorporation forms in terms of reduced number of procedures, time taken and the cost involved in getting approval.
The International Accounting Standards Board (IASB) today published for public consultation some proposed clarifications to and transition reliefs for IFRS 15 Revenue from Contracts with Customers.
Further Update on 07.08.2015 CBDT has released finally e-filing utility for ITR -6 on 06.08.2015 after 127 from the start of new financial year and gives Assessee a time of 55 days for complete his e-filing instead of 183 days due to delayed release of e-forms.
The Boards of Central Public Sector Enterprises (CPSEs) comprise of functional, Government and non-official Directors. The proposals for appointment of non-official Directors on the Boards of CPSEs are initiated by the concerned Administrative Ministries/Departments by recommending names of at least 3 eligible persons for each position proposed to be filled.
