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World’s factory and back office need to combine

September 19, 2014 1118 Views 0 comment Print

In an special article titled Towards an Asian century of prosperity in the Hindu daily, Chinese President XI Jinping said that “the combination of the ‘world’s factory’ (China) and the ‘world’s back office’ (India) will produce the most competitive production base and the most attractive consumer market.

CBI arrests Administrative Office of Income Tax in Bribery Case

September 17, 2014 2609 Views 0 comment Print

The Central Bureau of Investigation has arrested an Administrative Officer/Drawing & Disbursing Officer, Income Tax, Dehradun for demanding & accepting a bribe of Rs. 10,000/- from the Complainant.

Submit your Feedback on issues related to GST

September 15, 2014 3253 Views 0 comment Print

Feedback/ Issues related to Goods & Services Tax (GST) to be submitted to various authorities As you may be aware, the Hon’ble Finance Minister, Sh. Arun Jaitley while presenting Union Budget 2014-15 on 10th July 2014 said that in order to streamline the tax administration, avoid harassment of the business and increase revenue collection both […]

Service Tax Collections increase by 15.1% during April-August 2014

September 12, 2014 1655 Views 0 comment Print

Indirect Tax Revenue (Provisional) Collections increase from Rs 1,85,881 Crore in April-August 2013 to 1,94,492 Crore during April-August 2014; Registering an increase of 4.6% during April-August 2014 over the Corresponding Period in the previous year; Service Tax Collections increase by 15.1% during the same Period Indirect Tax Revenue (Provisional) collections have increased from Rs 1,85,881crore […]

ICAI Proposes to double the stipend Payable to articled assistants

September 12, 2014 38522 Views 0 comment Print

A Table in Regulation No. 48 of The Chartered Accountants Regulations, 1988 specifies the stipend Payable to articled assistants based on year of training and place of Service. Vide Draft Chartered Accountants (Amendment) Regulations, 2014 ICAI has proposed to replace the existing table specifying the stipend payable with this new table –

Empanelment fo CA/CA Firms with Registrar of Cooperative Societies, Delhi

September 12, 2014 22242 Views 2 comments Print

Applications in the prescribed format are invited from eligible CA/CA firms having Head Office/Principal Office in Delhi/New Delhi, for preparation of a fresh panel of the auditors likely to be authorised to conduct the audit of the cooperative societies registered with the office of Registrar Coop, Societies, Govt. of NCT of Delhi.

Non applicability of Sections 407 to 414 of the Companies Act 2013, for the Intermediate (IPC) Examination to be held in November 2014

September 12, 2014 1943 Views 0 comment Print

It is hereby informed that Sections 407 to 414 of the Companies Act, 2013 relating to NCLT and NCLAT (notified on 12th September, 2013) formed part of the syllabus of the abovementioned paper as applicable for November, 2014 examinations. Consequently, the said sections were also incorporated in, Para 1.19 of Unit 1 from Page Nos. 22 to 26 of the Supplementary Study paper prepared for the said examinations.

Criteria for Deceleration of Rank for CPT, IPC & CA Final Exams

September 11, 2014 11363 Views 0 comment Print

Declaration of a candidate of Common Proficiency Test (CPT), Intermediate (IPC) and Final examinations conducted by the Institute of Chartered Accountants of India (ICAI), as a rank holder. – (10-09-2014) 9th September, 2014 ICAI recognizes meritorious candidates in CPT, by ranking them on the basis of the aggregate marks obtained by them in CPT up […]

Traces enables Online Correction functionality with enhanced features without Digital Signature

September 10, 2014 3448 Views 0 comment Print

Attention Deductors: The Online Correction functionality with enhanced features has been enabled “without Digital Signature” for Financial Year 2012-13 onwards. Digital Signature will be required only for PAN Corrections Tag/Replace Challan has been enabled on TRACES Details of manual and processed demands based on financial year are now available through a link on TRACES deductor […]

Draft Tax Laws That Promote Intent Rather Than Litigation: Member CBDT

September 9, 2014 1154 Views 0 comment Print

The Central Board of Direct Taxes (CBDT) on Thursday suggested that the government should draft the tax laws in a manner so that their intent comes out more forcefully and plug possibilities of  misinterpretation of laws to benefit vested interests as also prevent chances for dragging the interpretation of laws to courts and tribunals. The […]

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