CAclubindia News

CBDT Invites Suggestions from Stakeholders on Safe Harbour Rules

16 August 2013 at 11:24

In order to reduce the increasing number of transfer pricing audits and prolonged disputes, the Finance (No.2) Act, 2009 w.r.e.f 1.4.2009 inserted a new section 92CB to provide that determination of arms length price under section 92C or Sect

Posted in Income Tax | 6471 Views

FAQ's on Service Tax Voluntary Compliance Encouragement Scheme, 2013

14 August 2013 at 12:22

VOLUNTARY COMPLIANCE ENCOURAGEMENT SCHEME (VCES), 2013 Q1. Whether a person who has not obtained service tax registration so far can make a declaration under VCES? Any person who has tax dues to declare can make a declaration in terms of the provis

Posted in Service Tax | 18582 Views

Under the provisions of Chapter XX-C of the Income Tax Act 1961 -Proposal for exemption of prior approval of Cabinet for disposal of immovable properties acquired by the Central Government

14 August 2013 at 11:19

The Union Cabinet today approved the proposal for exemption of prior approval of Cabinet for disposal/auction of immovable properties acquired by the Central Government under the provisions of Chapter XX-C of the Income Tax Act 1961. Earlier a gov

Posted in Income Tax | 11598 Views

Cabinet approves Setting up of Tax Administration Reform Commission

14 August 2013 at 11:07

The Union Cabinet today approved the proposal for setting up of the Tax Administration Reform Commission (TARC). The Commission will consist of a Chairman, two full time members and four part-time members, of which at least two part-time members w

Posted in Income Tax | 1 comments | 6114 Views

Statement by Shri P Chidambaram, Union Finance Minister in Parliament

13 August 2013 at 11:39

Following is the Text of the Statement made by the Union Finance Minister Shri P. Chidambaram in Parliament today: “Last year, at this time, the foremost challenge to the Indian economy was the growing fiscal deficit. Hence, on

Posted in Others | 4 comments | 9390 Views

Request for extension of stamp duty payment not to be entertained by MCA

13 August 2013 at 11:38

Stakeholders may kindly note that requests for extension of last date for payment of stamp duty beyond the expiry date would not be entertained by MCA w.e.f. 01.10.2013. Stakeholders are requested to make payment of stamp duty within the expiry date

Posted in Corporate Law | 3 comments | 8379 Views

Value Addition By Cost Accountants Recognized in the Companies Bill 2013

10 August 2013 at 11:58

CMA Suresh Chandra Mohanty, President of The Institute of Cost Accountants of India, congratulated the Honourable Union Minister of Corporate Affairs Shri Sachin Pilot ji, for passing the landmark Companies Bill 2013 in Rajya Sabha thus completing a

Posted in Corporate Law | 7 comments | 20925 Views

ICSI Hails the Passage of Companies Bill 2012 by Parliament

09 August 2013 at 17:19

Says the New Law will Further Accelerate the Transformation of Company Secretaries into Corporate Governance Professionals The Institute of Company Secretaries of India (ICSI) has welcomed the new Company Law i.e. Companies Bill, 2012 as passed by

Posted in Corporate Law | 13335 Views

Clarifications regarding the Service Tax Voluntary Compliance Encouragement Scheme

09 August 2013 at 10:46

Circular No. 170/5 /2013 - ST F. No. B1/19/2013-TRU (Pt) Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Tax Research Unit ***** New Delhi, dated the 8th August, 2013 To, Chief Commissioners of

Posted in Service Tax | 12792 Views

Highlights of the Companies Bill

09 August 2013 at 10:39

Highlights of the Companies Bill (as passed by the Lok Sabha on 18.12.12 and by the Rajya Sabha on 08.08.13) • The Bill has 470 clauses as against 658 Sections in the existing Companies Act, 1956. • The entire bill has been divided i

Posted in Corporate Law | 2 comments | 47757 Views