The most comprehensive news portal for Chartered Accountants and Other Professionals around the world.
Sunday, October 4, 2015
ST3 Excel utility ver 1.4 released
ST3 Excel utility ver 1.4 released
Download ST3 Return Excel Utility (V1.4)
(For Filing ST-3 returns for Half Year Oct-Mar 2013 onwards)
(For Filing ST-3 returns for Half Year Oct-Mar 2013 onwards)
Thursday, October 1, 2015
REVERSE CHARGE FOR DIRECTORS SERVICES
Only individuals can become directors as per section 253 of the Companies Act, 1956, No body corporate, association or firm shall be appointed director of a company and only an individual shall
Mahatma Gandhi: What we MUST learn from his life
As the world celebrated the birth anniversary of Mahatma Gandhi, we look at some of the really important lessons to be learnt from his life.
Today is the 143rd birth anniversary of Mahatma Gandhi. Even as he helped India win independence from the British, Gandhi had grown beyond the stature of being just an Indian leader long before his
Today is the 143rd birth anniversary of Mahatma Gandhi. Even as he helped India win independence from the British, Gandhi had grown beyond the stature of being just an Indian leader long before his
Post compliance window, govt to come hard on black money holders
Government would initiate “action” against those who have not
disclosed their black money and assets stashed abroad as the one-time
compliance window under the newly enacted anti-Black Money law ended on
Wednesday.
A total of 638 people used the window, declaring an amount of Rs 3,770 crore.
“Whatever has come, we accept it and now onwards we would start the action against those people
A total of 638 people used the window, declaring an amount of Rs 3,770 crore.
“Whatever has come, we accept it and now onwards we would start the action against those people
Wednesday, September 30, 2015
Bombay HC also extends Due Date to 31-10-2015. Full order awaited
Bombay HC instructs CBDT to extend ITR Due Date to 31.10.2015
The Chamber of Tax Consultants Vs. Union of India & Ors. (Bombay High Court), WP
CBDT Extends Due Date For Filing ROI ONLY For Assessess In P&H And Gujarat Subject To Outcome Of Appeal In Supreme Court
Tuesday, September 29, 2015
High Courts orders for extension of Return dates with Tax Audit Reports
ll
Gujarat Federation of Tax Consultants vs. CBDT, Special Civil
Application No. 15075 Of 2015, Dated-15.09.2015 After Punjab &
Haryana High Court the Gujarat High Court also directs CBDT to extend
the due date for Filing of ITR to October 31st in its Judgement today.
-
copy of judgement of punjab and haryana high court
--
As the CBDT delayed issued the Income-tax Return Forms, the due date for
filing the returns is
Bank deposit rates, small savings rates could be lowered
Finance Minister Arun Jaitley on Tuesday welcomed the
Reserve Bank’s decision to reduce the repo rate to 6.75 per cent from
7.25 per cent but, in bad news for individuals — especially savers — he
indicated that bank deposit rates and small savings rates are set to get
lower too.
Chief Economic Adviser Arvind Subramanian
indicated that Government could lower its GDP
Monday, September 28, 2015
Income Tax Return - Due Date Extension - Delhi High Court declines to interfere
THE
Delhi High Court dismissed a writ petition seeking a direction to the
Government to extend the due date, which is 30th September 2015 for
filing income tax returns by assessees whose accounts are required to be
audited. The High Court observed, "Such decisions of the
Government,
CBDT has updated the tax audit utility for form 3CA CD, form 3CB CD and form 10 B.
CBDT has updated the tax audit utility for form 3CA CD, form 3CB CD and form 10 B.
Wadiyar wins wealth tax case after a 38-year-long battle
Nearly two years after his death, the then scion of the
Mysore royal family Srikantadatta Narasimharaja Wadiyar has finally won
the legal battle, which lasted 38 years, over the valuation of vacant
lands around the Bangalore Palace for the assessment of wealth tax
between 1977 and 1986.
The Supreme Court, in its
September 21 verdict, held that total market value of the vacant land,
Income Tax dept officially clarifies of extension circular being fack
e-Filing Home Page, Income Tax Department, Government of India - https://incometaxindiaefiling.gov.in/
Sunday, September 27, 2015
CBDT notifies extention of due date of filing return of income for AY 2015-2016 (subject to confirmation)
Source: Whatsapp forwarded message. subject to confirmation on official income tax website.
This is subject to confirmation on income tax site as the same has not been notified on the website. Also the address is West block instead of north block.
This is subject to confirmation on income tax site as the same has not been notified on the website. Also the address is West block instead of north block.
ICAI UAE appoints new managing committee
Nimish Makvana was appointed as
chairman, Pankaj Mundra was selected as vice-chairman, Naveen Sharma was
selected as secretary and Anish Mehta was selected as treasurer.
JUSTIFICATION FOR TAR EXTENSION FOR COURTS AND GOVERNMENT
Unchallengeable and Actual justified reasons for extending date of TAR
by any competent authority, requiring urgent attention & action by
CA’s, Advocates, Assesses and general public at large to show true
picture to Courts and Government for at least minimum justice to the
assesses on whose tax payment government and entire departments runs.
In my considered view, following facts have not been brought to the
Friday, September 25, 2015
Arguments flow at Punjab & Haryana High court on TAR Date Extension
Arguments flow at Punjab & Haryana High court on the TAR matter:
Article 226 coming in way
Now court asking why CBDT is so adamant
Our counsel pleading it very hard.
Now court asking why they came up with late ITR forms
Now court asking why CBDT is so adamant
Our counsel pleading it very hard.
Now court asking why they came up with late ITR forms
Thursday, September 24, 2015
How to Pass a Cybersecurity Audit in 10 Steps
With data breaches becoming an unfortunate everyday occurrence, cybersecurity is no longer just an IT issue. Legal departments, which have a need to protect sensitive information, such as employees’ and clients’ personally identifiable information and nonpublic corporate information, are increasingly
Show us audit reports or face CAG probe: HC
MEERUT: The Allahabad high court on Tuesday ordered Meerut municipal corporation authorities to explain whether any audit was conducted in the civic body in the last five years, and if it was, then produce audit reports of all development works undertaken by the civic agency in the last five years. The HC threatened that the agency will have an investigation by CAG if it failed to comply with its
Government Decides to Amend Income-Tax Act 1961 so that with Effect from 1st April, 2001, the Provisions of Section 115JB Shall Not be Applicable to a Foreign
Press Information Bureau
Government of India
Ministry of Finance
24-September-2015 16:05 IST
Government Decides to Amend Income-Tax Act 1961 so that with
Effect from 1st April, 2001, the Provisions of Section 115JB Shall Not be
Applicable to a
AGM at NIRC Jalandhar branch finishes in less than 3 minutes
(as received in mail)
It is the most
unfortunate day for Chartered Accountants, who guide public about how to conduct
General Meeting, and our own AGM finishes (not concluded) in less than 3
minutes.
As you all know, the AGM
of Jalandhar Branch, which was ordered by ICAI, was slated for today at 4pm.
The Chairman started the meeting with putting before the members the Agenda of
the meeting
“to receive, consider
and adopt the Audited Balance Sheet of the Branch as at 31.03.2015 and
Wednesday, September 23, 2015
HC : Dismisses tax-audit due-date extension plea,refuses to enter 'policy' domain
HC dismisses petition filed by Chartered
Accountant seeking extension of tax audit due date; Petitioner argued that
assessees are entitled as a matter of 'right', to 180 days period for filing of
return which in the instant case was being
Tax Audit Date Extension- Status of High Courts Appealsupdated till 21.09.2015
Tax Audit Date Extension- Status of High Courts
Appeals- updated till 21.09.2015
In this article we have summarised the status of Writ Petition filed against
non extension of Due date of Tax Audit and return filing for cases covered
under Tax Audit Provisions, filed in various High
No penalty if income offered for taxation is equivalent to income returned pursuant to sec. 153A notice
No penalty if income offered for taxation is equivalent to income returned pursuant to sec. 153A notice
In view of CBDT Instruction No. 1916 of 11-05-1994, gold jewellery of 471 grams found during course of search could reasonably be treated as streedhan of assessee's wife and would not be treated as undisclosed money
In
view of CBDT Instruction No. 1916 of 11-05-1994, gold jewellery of 471
grams found during course of search could reasonably be treated as
streedhan of assessee's wife and would not be treated
Sunday, September 20, 2015
AYURVEDIC TREATMENT FOR DENGUE
AYURVEDIC TREATMENT FOR DENGUE:
Take 10 Leaves of "Harshingar" Tree, and 8 Kaali Mirch crush kar lo, (Black Pepper), and boil it in 3 Glass of Water,
Take 10 Leaves of "Harshingar" Tree, and 8 Kaali Mirch crush kar lo, (Black Pepper), and boil it in 3 Glass of Water,
Income tax - Whether especially-designed ponds for rearing prawns are to be construed as 'Plant' within Sec 32 - YES: Supreme Court
NEW
DELHI: THE issue before the Bench is - Whether especially-designed
ponds for rearing prawns could be treated as 'plant' within Section 32
for the purpose of allowing depreciation thereon. YES is the answer.
Facts of the case
The assessee is engaged in the business of 'Aqua Culture' and grows prawns in specially designed
Search proceedings can't be initiated against an issuer of seized cheque
Search proceedings can't be initiated against an issuer of seized cheque
September 17, 2015[2015] 61 taxmann.com 60 (Ahmedabad - Trib.)
IT
: When cheque issued by assessee to searched person was found from
I-T department to use email for issuing notices
NEW
DELHI: In welcome news for taxpayers, the IT department has decided to
launch a new system of issuing email notices to which an assessee can
respond electronically, obviating the need for a physical interface with
the taxman which often led to complaints about harassment.
The Central Board of Direct Taxes, the apex policy-making body of the IT department, is working on a strategy to create the required processes and capacity in this regard.
"We have been thinking how can w ..
The Central Board of Direct Taxes, the apex policy-making body of the IT department, is working on a strategy to create the required processes and capacity in this regard.
"We have been thinking how can w ..
Read more at:
http://economictimes.indiatimes.com/articleshow/49032244.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
http://economictimes.indiatimes.com/articleshow/49032244.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Saturday, September 19, 2015
Friday, September 18, 2015
Have you heard about Apple's new iPhone 6S? They are giving 3000 iPhone 6 for free for the grand launch. You can check it here:
Have you heard about Apple's new iPhone 6S? They are giving 3000 iPhone 6 for free for the grand launch. You can check it here:
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