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Vijaya Bank invites for empanelment of CA firms for conducting audit of Outsourced activities for 2014-15

April 6, 2015 10501 Views 0 comment Print

Vijaya Bank invites for empanelment of Chartered Accountant firms for conducting audit of Outsourced activities for 2014-15 Last date for submission of tender is 7th April, 2015 by 5.00PM. URL for Registration is as provided below: Click Here for online submission

Auto Excel Income Tax Challan ITNS 280 & 281

April 4, 2015 534698 Views 32 comments Print

Excel based Challan Utility for ITNS 280 and ITNS 281 – The utility given below will fill your Income Tax Challan No. 280 (For Payment of Income tax) and Income Tax Challan No. 280 (Related to Payment of TDS/TCS). With the excel utility files we attached one help file in word format which can be referred to understand how to use both the utilities.

Proposed penalty and Jail Terms for Traffic Rule Violation under RTS Bill 2015

April 3, 2015 6694 Views 0 comment Print

This Ministry of Road Transport & Highways has proposed a draft Road Transport & Safety Bill which after wide public consultation has been circulated to the concerned Ministries for their comments before bringing it to the Cabinet. The Bill has included several reforms, including a major focus on the safety on roads and increase in the penalties for various offences.

FAQs on provisions of Corporate Social Responsibility U/s. 135 and Rules thereon

April 2, 2015 952 Views 0 comment Print

Frequently Asked Questions On the provisions of Corporate Social Responsibility under Section 135 of the Companies Act 2013 and Rules thereon The background of these Frequently Asked Questions (FAQs) is to give clarifications regarding treatment of Corporate Social Responsibility (CSR) spending in the books of accounts and disclosures in the Financial Statements. It is important […]

Foreign Trade Policy 2015-2020 Unveiled

April 2, 2015 2236 Views 0 comment Print

The new five year Foreign Trade Policy, 2015-20 provides a framework for increasing exports of goods and services as well as generation of employment and increasing value addition in the country, in keeping with the Make in India vision of Prime Minister.

No change in rate of Service Tax from 01.04.2015

April 2, 2015 37137 Views 0 comment Print

Finance bill, 2015 has proposed to increase effective rate of Service Tax from 12.36% to 14%. It is wrongly reported in some quarters that the effective date of change in rate of Service Tax is 1st April, 2015. It is hereby clarified that the change in the rate of Service Tax will be effective from the date to be notified after enactment of Finance Bill, 2015.

ICAI President's Message – April 2015

April 2, 2015 3454 Views 2 comments Print

Dear Friends, The great Indian philosopher Sri Aurobindo believed in the purposefulness of evolution-life has evolved from matter and then mind has from life. We have been evolving for ages by responding to our respective environments. Evolution always had a purpose to make us better. Our life has a purpose too. The whole human existence […]

CBI arrests a CIT and ITO in alleged bribery case

April 2, 2015 3516 Views 0 comment Print

The Central Bureau of Investigation has arrested Chief Commissioner of Income Tax PK Sharma, Jodhpur & an Income Tax Officer Shailendra Bhandari, Jodhpur and a private person(resident of Paota, Jodhpur) in an alleged bribery case of Rs.15 lakhs.

Application for Roll Back of APA can be made upto to 30.06.2015

March 31, 2015 830 Views 0 comment Print

The rules relating to Roll Back of an Advance Pricing Agreement (APA) have been notified through notification no. S.O. 758 (E) dated 14th March, 2015. As per sub-rule (5) of the newly prescribed rule 10MA, where an application for entering into an advance pricing agreement has been filed prior to 1.01.2015

Rate of Interest WEF 01.04.2015 on NSC, PPF, KVP, Sukanya Samriddhi A/c

March 31, 2015 64308 Views 3 comments Print

Office Memorandum (OM) No.6/01/2011-NS.II dated March 31, 2015 Government Announces Interest Rates for Various Small Savings Schemes; Rates to Come Into Force with Effect from Tomorrow          It was decided by the Government of India that interest rates on Small savings Schemes will be linked to yields on government securities of comparable maturity. In pursuance of […]

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