CAclubindia News

TDS under section 194A of the Act on interest on fixed deposit made on directions of Courts

30 December 2015 at 11:14

Subject: TDS under section 19A of the Act on interest on fixed deposit made on directions of Court- reg Section 194A of Income Tax Act, 1961(�The Act�) stipulates deduction of tax at source (TDS) on interest other than interest on securit

Posted in Income Tax | 3 comments | 14460 Views

Date for withdrawal of all old series banknotes extended

24 December 2015 at 11:06

RBI/2015-16/275DCM (Plg) No.G-8/2331/10.27.00/2015-16December 23, 2015The Chairman / Managing Director / Chief Executive OfficerAll Scheduled Commercial BanksPrimary (Urban) Co-operative Banks / RRBsMadam / Dear Sir,Withdrawal of all old series of Ba

Posted in Accounts | 2 comments | 20331 Views

Draft Guiding Principles for Determination of Place of Effective Management (Poem) of a Company Formulated

24 December 2015 at 11:06

The Finance Act, 2015 has amended, with effect from 01.04.2016, the provisions of Income-tax Act relating to determination of residence of a company. In accordance with the amended provisions a company would be said to be resident in India in any pr

Posted in Corporate Law | 10848 Views

Main reasons for rejection of service tax return

23 December 2015 at 17:08

This is to inform you that some returns got rejected after uploading of the XML file for the ST3 return period 2015-2016 Apr-Sep, mainly due to the following reasons.1. Incorrect selection of return type - whether it is ?Original? or ?Revised? retur

Posted in Service Tax | 7 comments | 21756 Views

Issue of free books to the flood affected victims in Tamil Nadu

22 December 2015 at 16:11

The Council of the Institute of Chartered Accountants of India (ICAI) expresses its profound grief to the families of the people affected by the recent floods in Tamil Nadu.The Institute offers assistance by providing Study Materials, free of cost, t

Posted in Others | 8 comments | 9417 Views

MCA takes a strict view regarding punctuality in its offices

21 December 2015 at 12:04

Posted in Professional Resource | 13080 Views

Now quote PAN if cash payment is made above 2 lac

16 December 2015 at 10:49

The Government is committed to curbing the circulation of black money and widening of tax base. To collect information of certain types of transactions from third parties in a non-intrusive manner, the Income-tax Rules require quoting of Permanent Ac

Posted in Income Tax | 4 comments | 37473 Views

Last date for advance tax payment postponed in flood effected stated

16 December 2015 at 10:49

Last Date for December 2015 installment of Advance Tax for taxpayers in Tamil Nadu and Puducherry extended till 31st December, 2015 The last date of payment of December 2015 installment of Advance Tax for both Corporate and Non-Corporate Taxpayers i

Posted in Income Tax | 2 comments | 14793 Views

Significant decisions taken in last few months by CBDT for improving taxpayer services

16 December 2015 at 10:49

CBDT takes various significant decisions in last three months for providing better taxpayer services, improving ease of doing business and reducing the burden of compliance on the tax payer The Central Board of Direct Taxes (CBDT) has taken a number

Posted in Income Tax | 13002 Views

Monetory limit for filing appeals before ITAT and HC increased to 10 lac and 20 lac

16 December 2015 at 10:48

CBDT takes Initiatives for reducing Tax Litigation as a part of its initiatives to reduce grievances of the taxpayers The Central Board of Direct Taxes (CBDT) has issued a Circular revising the monetary limits for filing of appeals by the Department

Posted in Income Tax | 10704 Views