Trump says Saudi journalist likely dead, warns of 'severe' response

President Donald Trump said on Thursday (Oct 18) he now believes journalist Jamal Khashoggi is dead and warned of "very severe" consequences should Saudi Arabia be proven responsible.

"It certainly looks that way to me. It's very sad," Trump told journalists when asked if he believed that Khashoggi, who disappeared more than two weeks ago, is no longer alive.

Asked about the potential US response to Saudi Arabia, which is accused of murdering the Washington Post columnist and critic of the Saudi regime, Trump said: "It will have to be very severe. It's bad, bad stuff."

This marked a hardening of tone from the Trump administration, which has been reluctant to blame ally Saudi Arabia, despite mounting evidence that Saudi agents killed and dismembered Khashoggi inside the Saudi consulate in Istanbul more than two weeks ago.

A former regime insider, Khashoggi had become a critic of powerful Crown Prince Mohammed bin Salman, the point man in ever-tightening military and commercial relations between the Muslim petro-state and the Trump administration.

Just hours earlier Secretary of State Mike Pompeo said he had told Trump the Saudis should be given "a few more days to complete" an investigation.

Only then, Pompeo said, "we can make decisions how or if the United States should respond."

In a possible sign of how the Saudis will seek to defuse the diplomatic crisis, The New York Times reported that the country's rulers could come out and blame General Ahmed al-Assiri, a top intelligence official close to the crown prince.

CALL FOR UN PROBE

Four prominent human rights and press freedom groups on Thursday urged Turkey to request a United Nations investigation to prevent a "whitewash" of the alleged crime.

READ: Rights group urge Turkey to request UN probe of Khashoggi case

The Committee to Protect Journalists, Human Rights Watch, Amnesty International and Reporters Without Borders said such a probe established by UN Secretary-General Antonio Guterres would finally clear up the affair.

But the United States, the Saudis' most powerful patron, has repeatedly given the Saudi royals the benefit of the doubt, with Trump and top officials stressing that the US-Saudi relationship cannot be put at risk.

Trump has repeatedly praised massive Saudi arms purchases, while Pompeo used much of his brief remarks on Thursday to recall Washington's "long strategic relationship with the kingdom of Saudi Arabia."

The Saudis "continue to be an important counter-terrorism partner, they have

CA, ICWA / CMA vacancy in Colgate-Palmolive

Location: Mumbai, MH, IN

Colgate-Palmolive is a leading global consumer products company, tightly focused on Oral Care, Personal Care, Home Care and Pet Nutrition. Colgate sells its products in over 200 countries and

Vacancy for CA in Baker Hughes

Job Description 

Lead Operational Controllership Analyst (

Job Number:

 1817027)

About Us:

Baker Hughes, a GE company (NYSE:BHGE) is the world’s first and only fullstream provider of integrated oilfield products, services and digital solutions. Drawing on a storied heritage of

Vacancy for Industrial training for CA intern in IBM

Job Description
Role:
CA Internship

Responsibilities:

Will be responsible for Tax, Finance, and Accounting

Skills:

A. Key Technical Skill required
1. Should be in 3rd Year of Articleship
2. Articled Assistants should have passed Both Groups of Intermediate Examination / PE-II

Tender For Appointment Of Internal Auditor And Tax Consultant for University Of Mumbai

• University Of Mumbai, Mumbai - Maharashtra (11 Oct 2018) Tender For Appointment Of Internal Auditor And Tax Consultant.
  Address :
  

GST update: FinMin issues clarification on last day of availing Input Tax Credit

The Finance Ministry on Thursday clarified that the last date for availing Input Tax Credit (ITC) under the Goods and Services Tax for the period from July 2017 to March 2018 is either December 31 or the date of filing of the annual return, whichever is the earlier. In a series of tweets, the finance minister also said that the apprehension that the ITC can only be availed only on the basis

Vacancy for CA in Aditya Birla Group

Requisition Title

:Assistant Manager - Bangalore 

Job Number:

:18010876 

Schedule

:Full-time 

Primary Location

:India-Karnataka-Bangalore

Cybersecurity facts tax practitioners need to get right

How many emails does your firm receive in one day?

Whatever the number, there’s a good chance a chunk of it is malware. According to a 2018 report compiled by Symantec, Corporation, one in 412 emails contained malware in 2017. For businesses with less than 250 employees, this rate jumped to one in 376 emails. When you consider just how many emails the average office worker receives in a week, things can look a little scary.

Cyberattackers represent a growing and evolving threat to CPA firms. Perpetrators are seeking sensitive client information, financial records and firm data like PTINs using any method available to infiltrate your defenses. And a lot of times, it works.

Understanding how to ward off these attacks is half the battle. Learn how to dispel common misconceptions about cybersecurity so you can be better prepared to face down any threat to your data.

Myth 1. Cybersecurity protocols are guidelines.

A robust cybersecurity plan isn’t optional for your tax practice. You’re legally required to protect your clients’ private information. It doesn’t matter where you live in the country or how many clients you have, your job is to keep would-be cyberthieves at bay.

The Federal Trade Commission (FTC) requires all tax preparers to create and enact security plans to protect client data. On top of that, all financial institutions — including CPA firms — must safeguard sensitive data under the Gramm-Leach-Bliley (GLB) Act. Although CPAs are exempt from some aspects of GLB, they must develop a written information security plan that describes how they’re prepared to safeguard client information and how they’ll continue protecting clients’ nonpublic personal information.

Not adhering to these guidelines will get you in hot water. You could lose your business or find your reputation with clients and your peers is damaged. On top of that, you’d be on the financial hook for breaches resulting from improperly secured client data. At an average of $148 per record, that’s quite a bit of cash.

Myth 2. Encrypted email is a safe way to send information to clients.

There’s a reason the IRS doesn’t send transcripts via email.

Your firm can have the very latest cybersecurity software and still spring a leak through email. That’s because to transfer a message from one computer to another, the email must go through multiple servers and sites along the way. And at any point, that message could be intercepted.

No matter whether you employ security certificates or message encryption, your clients are probably not going to such extremes to protect their email communications. Consider using client portals — secure online storage centers — to transmit all sensitive information to clients.

Myth 3. Third-party service providers have protocols in place that protect client data.

In May 2017, Target Corporation was ordered to pay $18.5 million to 47 states and the District of Columbia after a 2013 security breach compromised customer data. Because of the breach, cyberthieves stole the debit and credit card information of more than 40 million customers.

How did hackers gain access to Target’s sensitive customer data? By attacking a third-party vendor and snaking their way into the company’s servers. It’s the same way hackers can infiltrate your firm’s client data if you don’t fully vet your vendors. Here’s how:

CPA Australia is seeking a suitably qualified candidate from within its membership for appointment as a director to the Accounting Professional & Ethical Standards Board (APESB) for a three-year term commencing 1 January 2019.

https://www.cpaaustralia.com.au/professional-resources/accounting-professional-and-ethical-standards/apesb-director-eoi

Appoint of CA firm for finalization of Accounts, taxation and internal audit of MSSIDCL

• Maharashtra Small Scale Industries Development Corporation Limited, Mumbai, Maharashtra (06 Oct 2018)
  APPOINTMENT OF THE CHARTERED ACCOUNTANT FIRM ON CONTRACT BASIS FOR FINALIZATION OF ACCOUNTS, TAXATION AND INTERNAL AUDIT
  Address :

CVC shares report on 100 bank frauds with govt, RBI

Gaurav Choudhury

Moneycontrol News

Inflated valuation of goods, fudged bills, shell companies for diversion of funds are the common threads that run through India’s top 100 banking frauds analysed by the Central Vigilance Commission.

The country’s top anti-corruption watchdog has indicted the public-sector banks, already reeling under a mountain of Rs 10 lakh crore of unpaid debts, for failing to check the credentials of loan-seekers and relying too much on the third party to do the job.

The report, a copy of which is with moneycontrol.com, was submitted on October 15 and has suggestions for the Reserve Bank of India for improved checks and balances.

The report does not name any company or individual but has details of investigations into sectors ranging from gems and jewellery, aviation, media, pharma and agriculture.

Sector	Cos/people investigated
Gems & Jewellery	3
Manufacturing	5
Agro	3
Aviation	1
Service	3
Discounting cheques	1
Trading	3
IT	3
Export	4
Media	2

The report details how lenders were cheated, lapses on part of the banks and suggestions to plug them.

For instance, in its report on three gems and jewellery firms, the CVC found that the companies inflated the value of diamonds to avail higher credit.

GST: Explained for Common Man' - A book

GST being India's one of the most important Indirect Tax reforms since Independence has transformed the lives of people. Not only has it affected the business class but the common man equally. Understanding the complexities

Are Mumbai real estate prices on the verge of falling to 15 year lows?

Here is the step wise fall in Mumbai real estate prices

• First overall development of around 5 to 6 smart cities in UP itself and other native states in another year or two. When we say smart cities all equipped Mumbai Like medical transportation connectivity and like facilities and parallel industrial development iin these states. Major catalyst increased GSt income of states. And like minded development based govt in each of this states. Time line maximum two years. 
• Followed by reduction in influx of population into

Vacancy for CA Inter in ASA Associates

• DesignationSenior - Taxation
• Experience CA Inter's/ MBA/ Graduates with 0-1 years experience in International taxation (preferably from a

Good news! IT officer can’t take away your tax refund and adjust against outstanding demand without notice

As per the Income Tax Act, income tax officials need to serve a valid notice of demand to the concerned taxpayer before doing any adjustment against the demand. A valid notice means a notice which is served within the time-frame specified under the respective sections of the Income Tax Act. Thus, if you are one of those taxpayers who have not got a valid notice of tax demand, then you need not worry about the refund as that can’t be adjusted against the

Vacancy for CA/CMA/CFA in Innoviti

Find enclosed details of AVP Finance opening with Innoviti Payment Solutions. If anyone of you is interested or have any references, please let me know.

Job Description:

Job Designation       : AVP – Business Finance

Location                    : Bangalore

Reporting to              : VP – Finance

Responsibilities:

The incumbent will be responsible for effective planning and execution of all commercial aspects of Finance, Commercial & Accounting Operations. He should contribute towards effective commercial, legal & contract management activities and achieve commercial objectives and business targets

Duties:

·         Financial Modeling, Business Case, Pricing, Profitability Analysis for RFP/ Various business opportunities etc. (Both Buy & Sell)

·         Support Sales Team in Contract / Commercial Negotiations with Customers and drive closure

·         Drive sourcing, procurement for Technology, Sales, Distribution / Courier / Logistics Services, Outsourcing, Human Resources (HR), Facilities, Legal etc.

·         Lead and drive Contract review and discussions with stakeholders (Sales, Engineering, Legal, Finance and Leadership), customers, suppliers in organized manner

·         Planning and driving Contract review, iterations and signoff

·         Manage, apply Commercial strategies and create processes to ensure deliverables on time

·         Responsible for ensuring most favorable terms with regards to assurance of supply, quality, service and cost

·         Drive Working Capital initiatives (Payment terms) across the company

·         Manage supplier relationship right from vendor empanelment to contracting and ensure necessary

New functionalities introduced on GST portal

In this update,  we will see new functionalities, which were made available on GST Portal, recently:

1. Refund: Application for Refund can now be filed for multiple tax periods, in following refund cases :

• Export of services with payment of tax with the facility to upload Statement 1.
• ITC accumulated due to Inverted tax structure with the facility to upload Statement 2.
• On account of supplies made to SEZ (Unit and Developer) with payment of IGST with the facility to upload Statement 4.
• Recipient/Supplier of deemed export with the facility to upload Statement 5B.

The user manual and FAQ of this facility is available in the help menu at GST portal and can be accessed by using the link https://www.gst.gov.in/help/refund

2. Payment of tax in installments:

Vacancy for CA in Volvo Group

Position Description

Job Summary:  

• This position is responsible for monthly BCS reporting, Master Finance month closing, Group audit & hard close audit, statutory audit, balance

Guidance Note on filing of GST Annual Return GSTR 9, GSTR 9A

Click here to download 

Shocker for Indian Builders will have to pay Income Tax on unsold inventory

There are two parts to the recent changes in tax laws related to unsold inventories: first, which lie unoccupied; second which are leased out.

Builders across the country are in for a rude shock. They could be soon saddled with a tax burden that few, or probably none, of them have accounted for.
Developers, according to changes in the law that have gone unnoticed so far, will have to pay tax on the entire fair value -- based on the ready reckoner rates -- of all properties they lease out in 2018-19 and later. If a builder, for instance, leases out unsold properties having a combined fair market value

IT Dept issues notification relating to Benami proporties

https://www.incometaxindia.gov.in/communications/notification/notification5194_2018.pdf

The Sovereign Gold Bond (SGB) scheme 2018-19 has opened for subscription

https://investise.blogspot.com/2018/10/the-sovereign-gold-bond-sgb-scheme-2018.html?m=1

Important Action Points for filing GSTR -3B for September 2018

We are summarising herewith key areas that needs due attention before filing of monthly return in Form GSTR-3B for the September month: 

Finally, after facing every step of hurdle during past one year of journey of GST, passing through more than 400 changes in form of Notifications, Circulars, Press

Vacancy for CA/CMA in General Electrics (GE)

Role Summary: The FP&A COE provides FP&A support to various GE businesses across the globe. The Senior Finance Analyst will support one of these businesses in the areas of financial planning, Budgeting, forecasting and Cost analysis Essential Responsibilities: • Support financial planning, estimation & closing cycles • Provide Estimation and Analytics support for Base Cost• Work closely

Arrested for forging Chartered Accountant ’s Signature and Seal

The Karamana police on Sunday arrested a 30-year-old man for allegedly forging the signature and seal of a chartered accountant, reported the Hindu.
The police identified the accused as Suresh of Karamana, who operated a private financing company. He has been accused of defrauding a trading company by masquerading as a chartered accountant in

Vacancy for CA in Pepsico

Job Description

Accountabilities

• Ensure GST Compliance

• Driving GCS/SOPs compliance in finance processes

• Interact with other functions in plant & ensure support to Business & operation team and ensure nil

Nestlé found to have profiteered Rs 98 crore from GST rate cuts

The Director General of Anti-Profiteering (DGAP) has charged the fast moving consumer goods (FMCG) major Nestle with profiteering. The company has been found to have deprived its customers of goods and services tax (GST) cuts of Rs 98 crore by not revising the prices of chocolates, baby food items and Maggi noodles among other products in line with the new rates, sources said. The

He uses his 'Lifeline' to not to ask, but to tell his Dad that he is Winning the final prize money of US $ 1 Million. Amazing confidence, worth a watch.

http://newsyoucanusebeta.blogspot.com/2018/10/he-uses-his-lifeline-to-not-to-ask-but.html

Sharp hike in interest rate of PPF, Sukanya Samriddhi scheme, 5 yr Post Deposit scheme,NSc, SCSS

As part of the quarterly revision in interest rates of small savings schemes, the interest rates for these schemes saw a sharp hike for the October to December quarter. For example, the interest rates for the public provident fund (PPF), 5-year post office deposit scheme, National Savings Certificate (NSC), Sukanya Samriddhi Account Scheme and Senior Citizen Savings Scheme have been hiked sharply by 40 basis points. Expecting a higher influx into small savings schemes after the latest interest rate

Ola Cabs underpaid GST of Rs 2 crore

LUDHIANA: Central GST commissionerate Ludhiana’s anti-evasion wing and ANI Technologies, the parent company of Ola Cabs that has its office in the city, are caught in a tax tussle. While the commissionerate has accused the company of underpaying GST of Rs 2.31 crore from June 2017 to March 2018 for its operations in Punjab, the latter called the allegations baseless. The commissionerate says the firm issued two invoices instead of one to its customers and claimed input

Competition from Patanjali has softened says HUL

http://investise.blogspot.com/2018/10/competition-from-patanjali-has-softened.html?m=1

Vacancy for CA/ICWA in Reliance Jio Infocomm Limited

• Function/Business Area :
  Finance Compliance & Accounting
• Location :
  Bhavnagar - Gujarat
• Job Responsibilities :
  
  Be the business partner to the Jio area to provide financial leadership
  for business growth and BAU activities for the entire gamut of Jio
  offerings within the area
• Education Requirement :

EXPRESSION OF INTEREST (EOI) FOR HIRING OF TAX CONSULTANCY SERVICE FOR BSNL

• Bharat Sanchar Nigam Limited, Mumbai, Maharashtra (28 Sep 2018) EXPRESSION OF INTEREST (EOI) FOR HIRING OF TAX CONSULTANCY SERVICE BY CHARTERED ACCOUNTANTS
  Address :
  

'Australia is in trouble': The plan to fix Australia's tax system

Australia has more than 125 taxes at a state and federal level, but 90 per cent of revenue is raised through just 10 of them. The pressure is now on to tear up the system and start again.

Read more

Urban Improvement Trust not entitled to Tax Exemption under Section 10(20) of Income Tax Act, Supreme Court

The Supreme Court has held that an Urban Improvement Trust is not covered by definition of ‘local authority’ within the meaning of Explanation to Section 10(20) of the Income Tax Act, 1961 (IT Act). Hence, it is not entitled to tax exemption under the said provision.

The judgment was rendered by a Bench of Justices AK Sikri and Ashok Bhushan in a batch of

MCA amends Instructions For Preparation of Balance Sheet and Statement Of Profit And Loss of A Company / NBFCs

MCA amends Instructions For Preparation of Balance Sheet and Statement Of Profit And Loss of A Company / NBFCs

Ministry of Corporate Affairs notifies Ind AS Schedule III applicable to NBFCs. Schedule III will apply to NBFCs covered under Ind AS applicability. MCA has also amended the existing Division I (Indian GAAP) & Division II (Ind AS) Schedule III. Ind AS Schedule III changes require companies preparing Ind AS financial statements to give additional disclosures related trade receivables, loans

Godrej &Boyce ltd restart FD schemes

http://investise.blogspot.com/2018/10/godrej-ltd-restart-fd-schemes.html?m=1

ICAI constitutes a high power group to look into ILFS failure

In the recent past, there have been news reports regarding diversion of loan money in IL&FS and its subsidiary companies.  The Disciplinary Directorate of the Institute of Chartered Accountants of India (ICAI), upon coming across such news report has suo motu taken cognizance of the matter and issued notice on October 4, 2018 to the audit firms that carried out statutory audit works of IL&FS for the last 5 years.

Imp Questions for Nov-2018 Stratergic Management IPCC by Sonali Jain

Why an amendment is proposed in Section 49 of the Income-tax Act in the Budget 2018?

1. Introduction

The Finance Bill 2018 through clause 18 proposes to amend section 49 of the Income-tax Act (the Act) so as to provide that where the capital gain arises from the transfer of a capital asset, referred to in clause (via) of section 28, the cost of acquisition of such asset shall be deemed to be the fair market value which has been taken into account for the purposes of the said clause.

The following amendments which have a bearing on the proposed amendment to section 49 are pertinent-

Vacancy for CA in Infosys

Company: Infosys Limited India
Job ID/Ref Code: Inf_EXTERNAL_10023907_36
Skill(s): Financial Accounting, Budgeting, Forecasting, Financial Analysis, Tax, Audits etc.
Experience Range: 05-08 years
Primary Location: Bangalore
Location(s):

Job Description
Role Designation- Associate/Senior Associate Finance

Responsibilities-  Reviewing and analyzing all business contracts  Monitoring and controlling corporate budgets  Managing investor relations  Preparing and filing all tax returns and keeping

In the works: Uniform stamp duty for financial instruments

In the works: Uniform stamp duty for financial instruments

Read more at:
//economictimes.indiatimes.com/articleshow/66189974.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Companies may have to show ledgers for claiming GST credit of over Rs 25 lakh

Companies that availed of more than Rs 25 lakh credit under the goods and services tax (GST) regime in lieu of levies paid under the previous system will soon have to give details of their purchase ledgers for six months before the new tax regime was rolled out.

The government will soon bring out a new ‘credit growth return’ form. This comes after a detailed

Vacancy for CS in aphelion finance pvt.ltd

POSITION / JOB TITLE :  Company Secretary
The Incumbent is responsible for

• All Secretarial works mentioned in details in KRA along with legal issues, drafting and vetting of agreements, legal notices etc except those directly handled by legal Head.
• Auditing of loan documents, preparing, validating, supervising and ensuring that standard

Why the GST audit can be seen as an opportunity, not just a futile compliance exercise

Why the GST audit can be seen as an opportunity, not just a futile compliance exercise

The goods and services tax (GST), which was implemented on July 1, 2017, has been one of the biggest indirect tax reforms India has ever seen. The initial year of GST has not been smooth. Typically, as a part of the GST implementation process, taxpayers across the nation carried out series of activities, including taking tax positions, extensive upgradation of ERP, and alteration of processes

Now GST on complimentary match tickets

Read more at:
http://timesofindia.indiatimes.com/articleshow/66191032.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Cricket authorities may have to contend with a new headache  ..

Read more at:
http://timesofindia.indiatimes.com/articleshow/66191032.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Cricket authorities may have to contend with a new headache  ..

Read more at:
http://timesofindia.indiatimes.com/articleshow/66191032.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Delhi government launches drive against GST defaulters

 Read more at: http://www.sify.com/finance/delhi-government-launches-drive-against-gst-defaulters-news-finance-skmxUObdhbffb.html

Delhi government launches drive against GST defaulters

Read more at: http://www.sify.com/finance/delhi-government-launches-drive-against-gst-defaulters-news-finance-skmxUObdhbffb.html

In order to ensure compliance of Goods and Services Tax (GST) provisions, the Delhi government on Friday launched an extensive drive against tax and return defaulters with an aim to increase revenue for the national capital. The move by the Department of Trade and Taxes is aimed at checking tax evasion and bridge the revenue gap.

Read more at: http://www.sify.com/finance/delhi-government-launches-drive-against-gst-defaulters-news-finance-skmxUObdhbffb.html

New Delhi: In order to ensure compliance of Goods and Services Tax (GST) provisions, the Delhi government on Friday launched an extensive drive against tax and return defaulters with an aim to increase revenue for the national capital. The move by the Department of Trade and Taxes is aimed at checking tax evasion and bridge the revenue gap. "A detailed strategy has been chalked out by the department and numerous instructions like identifying dealers carrying out business without registration and rigorous follow-up of notices to non-filers of return have been issued to GST officers of the state tax department," VAT Commissioner H. Rajesh Prasad said giving details of the drive. Other instructions, Prasad said, include identification and action against tax payers claiming excessive Input Tax Credit (ITC) in GSTR-3B filed as compared to GSTR-2A, action against tax payers showing lesser output tax liability in GSTR-3B filed as compared to GSTR-1, scrutiny of Input Tax Credit (ITC) claimed by the tax payers in TRAN-1 form and action on the tax payers claiming excessive ITC. The drive will also include physical verification of at least 10 per cent of new tax payers to curb issuance of bogus invoices, physical verification of old or migrated tax payers in suspicious cases, creating mobile squads to check the system of e-way bill and invoices during the movement of goods within Delhi, and verification of the returns filed by work contractors in Delhi. A statement by the Delhi government said that show-cause notices have also been issued to 51,500 tax defaulters. "As of now, notices have been issued to the 51,500 tax payers who have not filed GSTR-3B returns for the tax periods concerned," the statement said. Besides, it said, 135 notices have been issued in respect of excessive claim of ITC in GSTR-3B by the tax payers, and 837 notices have been issued for showing lesser output tax liability in GSTR-3B returns by the tax payers as compared to GSTR-1.

Read more at: http://www.sify.com/finance/delhi-government-launches-drive-against-gst-defaulters-news-finance-skmxUObdhbffb.html

Request For Proposal For Appointment Of Internal Auditor Heifer Project International

• Heifer Project International, Noida-Uttar Pradesh (05 Oct 2018) Request For Proposal For Appointment Of Internal Auditor In Delhi/Noida
  Address :
  

CA examination Nov 2018 Admit cards

https://www.aubsp.com/ca-final-admit-card-released/

Vacancy for CA in Star India

Senior Executive-Corporate Governance

Legal

OVERVIEW OF THE COMPANY

StarStar India has defined the Indian media landscape for over two decades and today is one of the country’s leading media conglomerates, reaching approximately 650 million viewers a month across India and more than 100 other countries. Star generates 20,000 hours of content every year and

University Of Mumbai, Mumbai, Maharashtra Expression Of Interest (EOI) Form The Reputed Firm Of Chartered Accountants For Appointment Of Internal Auditor And Tax Consultant For The Financial Year 2018-19

• University Of Mumbai, Mumbai, Maharashtra Expression Of Interest (EOI) Form The Reputed Firm Of Chartered Accountants For Appointment Of Internal Auditor And Tax Consultant For The Financial Year 2018-19 And

DIT (Exemptions) Issue instructions for speedy refund of Income Tax Trust to benefit

proceeing instruction.pdf

(IL&FS) will be the first case for the newly constituted auditors’ watchdog (NFRA).

The crisis surrounding debt-laden Infrastructure Leasing & Financial Services (IL&FS) will be the first case for the newly constituted auditors’ watchdog, National Financial Reporting Authority (NFRA).

“IL&FS will be a test case for NFRA,” a top government official told Moneycontrol adding that the authority is in the process of beginning its assessment of the role of auditors of the business

REQUEST FOR PROPOSAL (RFP) FOR FINANCIAL AND TAX DUE DILIGENCE OF BANK OF BARODA, DENA BANK AND VIJAYA BANK FOR THE PROPOSED AMALGAMATION OF BANK OF BARODA, DENA BANK AND VIJAYA BANK

REQUEST FOR PROPOSAL (RFP) FOR FINANCIAL AND TAX DUE DILIGENCE OF BANK OF BARODA, DENA BANK AND VIJAYA BANK FOR THE PROPOSED AMALGAMATION OF BANK OF BARODA, DENA BANK AND VIJAYA BANK
Address :

CPE Calendar 2018-2019 obligatory topics

PART A : STANDARD PROGRAMME STRUCTURE ON FOCUS TOPICS

BEGINNERS COURSE ON GST TO ENABLE MEMBERS TO CONNECT TO THE NEW LAW-INDIRECT TAXES COMMITTEE

1. Overview and Levy

2. Scope of Supply

3. Registration

4. Transitional Provisions

5. Returns and Refunds

6. Job work

7. Export Related GST compliances

Vacancy for CA in DUFF AND PHELPS, LLC

Our professionals balance analytical skills, deep market insight and independence to deliver solid, defensible analysis and practical advice to our clients. As an organization, we think globally. We create transparency in an opaque world, and we encourage our people to do

Now Govt will reward you in these ways for paying tax

NEW DELHI: A cup of tea with the state governor, priority check-in at the airport, passports on priority, dedicated toll lanes, airport lounge access — these are some of the rewards that could be offered to exemplary taxpayers.
The government is looking to put in place an incentive programme to reward and recognise honest taxpayers to encourage a culture of compliance. A committee has been set up under Central Board of Direct Taxes (CBDT) to draw up the scheme, a top official told ET.
The government has launched several measures to root out black money, including stringent legislation, comprehensive amendments to the benami law and a major crackdown against tax evaders under Operation Clean Money. With a number of deterrents having been put in place, the

NAA actions proves that Consumer is King under GST regime

After penalising multi-brand retailer Lifestyle International and home-builder Pyramid Infratech, the National Anti-profiteering Authority (NAA) on Tuesday penalised a dealer based out of Uttar

Kanpur Chartered Accountants' Society in association with Rotary Club of Kanpur Gaurav is organizing a Conference

Kanpur Chartered Accountants' Society in association with Rotary Club of Kanpur Gaurav is organizing a Conference: 

Venue: Sir Padampat Singhania Auditorium, Civil Lines, Kanpur (Merchant Chambers UP)

Date and Time:

From January, CA-issued certificates will have unique IDs to prevent forgery

All certificates issued by chartered accountants will have a unique document identification number from January next year as part of efforts to prevent forgery of documents.
The Institute of Chartered Accountants of India (ICAI), which has more than 2.92 lakh members, on Tuesday said it has introduced the Unique Document Identification Number (UDIN) for the members.
According to the institute, there has been an increasing trend to forge the stamp and signature of

Worth reading very well written by Mr. Uday Kotak to equity investors

Worth reading very well written by Mr. Uday Kotak

i wrote this to my clients earlier today. You may find it reassuring under the circumstances.
Uday Kotak.
———————-

~ The weekend has brought much needed respite from days of correcting markets, and offers a timely opportunity to reflect on this.

The *panic* that seems to have spooked investors is largely on account of 3 factors;

Chartered Accountants should take this precautions while filing 3CD to prevent penalty u/s 271J

The Tax Audit due date is on peak. All the Chartered Accountants are busy completing their works. It is known fact that any mistake by the Chartered Accountant in the Tax Audit Report will cost him Rs. 10,000/- as per Section 271J of the Income Tax Act, 1961.

Section 271J of the Income Tax Act, 1961 reads as under:

Vacancy for CA / ICWA in Capgemini

Short Description

Financial Analysis & reporting

Qualifications

B.Com/ M.Com/ CA/ ICWA/ MBA-Finance

Job Responsibilities

Job Description (Roles and responsibilities)

Job Description Ensure timelines, accuracy and quality of reports in high growth environment. Provide scalability & strengthen analytical capabilities. Thorough understanding of reporting and consolidation process

GST Audit- Backbreaking compliance for taxpayers and auditors

Various measure have been taken by the government to ensure compliance of GST law and audit is one them. Audit conducted under GST law is the examination of records maintained by a taxable person to verify the correctness of information furnished, taxes discharged, refund claimed and input

28% slab of GST is to go: Sushil Modi

Traders may get a sigh of relief as the highest rate under the GST regime, which is 28 per cent, would soon become a thing of the past. Bihar Deputy Chief Minister and GST Network panel head Sushil Kumar Modi assured this saying that it is doable in the near future.
Modi also informed that looking at pace of revenue collection coming under the regime within two-

Waiver of Loan - GST Perspective

Introduction

1. A 'loan waiver' is the waiving of the real or potential liability of the person or party who has taken a loan through the voluntary action of the person or party who has taken loan. In contrast to loan waiver there is also a concept of 'loan write off' wherein the loan is removed from the Balance

High court warns PCIT over lack legal administration in Dept

PCIT vs. Radan Multimedia Ltd (Bombay High Court)

There is no discipline in the manner the Dept conducts matters. The Dept should not take legal matters casually and lightly. There should be a dedicated legal team in the department. Lack of preparation is affecting the performance of the advocates. They do not have full records & do

CBDT *further extends* due dt for filing of IT Returns & audit reports

CBDT *further extends* due dt for filing of IT Returns & audit reports from 15th Oct,2018 to *31st Oct, 2018* for all assessees liable to file ITRs for AY 2018-19 by 30.09.2018,after considering representations from stakeholders. Liability to pay interest u/s234A of ITAct will remai.

Vacancy for CA in Morgan Stanley

POSTING DATE

:  Oct 8, 2018

PRIMARY LOCATION

:  Non-Japan Asia-India-Maharashtra-Mumbai (MSA)

EDUCATION LEVEL:  Bachelor's Degree

JOB

:  Finance

EMPLOYMENT TYPE:  Full Time

JOB LEVEL:  Analyst

DESCRIPTION

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and

Overview on ICDS and its impact

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Compliance calendar for the month of Oct18

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Tax deduct at source under section 194C--Lorry charges paid to different truck owners for transportation of goods

Tax deduct at source under section 194C--Lorry charges paid to different truck owners for transportation of goods--Applicability

Conclusion: Where assessee had merely facilitated transportation of goods by hiring lorries, the assessee was not liable to deduct tax at source under section 194C on lorry charges paid to truck owners because there was no direct