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CBDT Chairman inaugurates 'The Taxpayers Lounge' at IITF 2014

November 14, 2014 1127 Views 0 comment Print

CHAIRPERSON, CBDT INAUGURATES THE ‘THE TAXPAYERS’ LOUNGE’ AT IITF-2014 AT PRAGATI MAIDAN; VARIOUS TAXPAYER SERVICES INCLUDING E-FILING OF RETURNS, VIEWING OF TAX CREDIT THROUGH 26AS, APPLICATIONS FOR PAN AND SERVICES OF TAX RETURN PREPARERS ARE SHOWCASED TO THE PUBLIC

ICAI postpones Group-I, Paper-4, of Intermediate (IPC) examination

November 14, 2014 814 Views 0 comment Print

Postponement of Group-I, Paper-4, of Intermediate (IPC) examination scheduled for 14th November 2014 to 23rd November 2014

CLSS closing on November 15th, 2014

November 13, 2014 2176 Views 0 comment Print

Dear Professional Colleagues, As you are already aware, MCA has introduced the ‘Company Law Settlement Scheme 2014’ (CLSS, 2014) vide the General Circular No. 34/2014 dated 12/08/2014. The CLSS, 2014 has been introduced for condoning the delay in filing the pending annual documents granting immunity for prosecution and charging a reduced additional fee of 25% […]

Indirect tax collection increases by 5.6% During April-October 2014

November 13, 2014 1004 Views 0 comment Print

Indirect Tax Revenue (Provisional) Collections Increase from Rs 2,69,909 Crore in April-October 2013 to Rs.2,85,126 Crore During April-October 2014; Registering an Increase of 5.6% During April-October 2014 over the Corresponding Period in the Previous Year; Service Tax Collections Increase by 10.9% During the Same Period

ICAI not delaying disposal of disciplinary complains

November 13, 2014 3923 Views 7 comments Print

ICAI Press Release-Ref to Newspaper Report published in Times of India, Delhi  edition dated Nov 2, 2014. – (11-11-2014) ICAI Press Release November 10, 2014 This has reference to the Newspaper Report published in Times of India, Delhi Edition dated 2nd November, 2014, wherein it has been alleged that a disciplinary complaint has been filed […]

Postponement of Exam of Taxation Paper of IPC Exam Scheduled For 14.11.2014

November 12, 2014 2465 Views 0 comment Print

It is hereby informed that due to unavoidable circumstances the examination of Group – I, Paper – 4 – Taxation of Intermediate (IPC) Examination scheduled for 14th November – 2014 stands postponed. The said examination will now be held on 22nd November – 2014 (Saturday) from 2.00 PM to 5.00 PM.

Government Committed to Remove Red Tape and Provide Single Window Clearance for Investors:

November 9, 2014 1199 Views 0 comment Print

Minister of State (Independent Charge) spoke about positive investment climate in India and also the huge investment opportunities in infrastructure, manufacturing, metallurgy, pharmaceuticals and other sectors. She emphasized the Government of India commitment to remove red tape and providing single window clearance for the investors.

Avoid lengthy questionnaires without due application of mind – CBDT to its Officers

November 8, 2014 1666 Views 0 comment Print

Though less that 1% of returns filed are selected for scrutiny, this area of work has often drawn adversarial comments. Supervisory officers, have been directed to play a more pro-active role in monitoring and guiding assessments towards ensuring that high-pitched assessments without proper basis are not made and that lengthy questionnaires or summons without due application of mind are avoided.

CMA President Communique -November 2014

November 8, 2014 925 Views 0 comment Print

Financial Accountants who discussed standard costing during the Interwar decades rarely considered how managers could use variances between actual and standard costs to control manufacturing. Instead their main concern was how to properly classify variances and in particular how to dispose of them in published financial reports. –Robert Kaplan My Dear Professional Colleagues, Cost Management […]

Initiatives to Facilitate Trade and Encourage Non-Adversarial Indirect Tax Administration

November 7, 2014 1838 Views 0 comment Print

Indian Customs Single Window Project: The Indian Customs Single Window Project was announced in the Budget 2014. The aim of this project is to provide a common platform to trade to meet the requirements of all regulatory agencies (including Animal Quarantine, Plant Quarantine, Drug Controller, Textile Committee etc.) involved in Exim trade through message exchange.

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