CAclubindia News

FCRA regd association to incur exp above Rs 20000 in cheque

28 October 2014 at 11:37

FCRA Department has issued a circular to incur expenditure above ` 20,000/- by cheque or draft. A copy of the circular has been enclosed herewith. The circular advises FC registered organisations to incur expenditure above ` 20,000/- by cheque or dra

Posted in Others | 14211 Views

Extension of Due date for filing Service Tax Return to 14th November, 2014

25 October 2014 at 16:02

F.No.137/99/2011-Service TaxGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Excise & Customs***New Delhi, the 24th October, 2014 ORDER NO. 02/2014-SERVICE TAXIn exercise of the powers conferred by sub-rule (4) of rule

Posted in Service Tax | 5 comments | 30060 Views

Merger of NSEL with Financial technologies

22 October 2014 at 10:46

The Central Government has decided on the merger of National Spot Exchange Limited with its holding company Financial Technologies (India) Ltd., in public interest under Section 396 of the Companies Act, 1956. A draft order in this behalf has been is

Posted in Others | 4 comments | 16209 Views

Reporting on Internal Financial Control u/s 143 (3) (i) of the Companies Act, 2013

22 October 2014 at 10:46

Reporting on Internal Financial Control u/s 143 (3) (i) of the Companies Act, 2013 has been deferred for one year i.e., up to 01.04.2015 CA. K. Raghu, President ICAI said , “I am happy to share that based on suggestions given by ICAI, Ministry

Posted in Corporate Law | 4 comments | 31725 Views

CBI arrests deputy commissioner and inspector of income tax dept

22 October 2014 at 10:46

The Central Bureau of Investigation has arrested a Deputy Commissioner and two Inspectors, all the three of Income tax Department in a bribery case. A case was registered against a Dy Commissioner of Income Tax, Karimanagar (Telangana) on the complai

Posted in Income Tax | 15 comments | 31449 Views

ICAI invites suggestions on Income-tax Returns (ITRs) and other forms notified under Income-tax Rules, 1962

22 October 2014 at 10:45

The Direct Taxes Committee of the ICAI is in the process of compiling suggestions on Income tax Return forms (ITRs) and other forms to be made applicable for Assessment year 2015-16. With regard to the same, suggestions are invited from the members.

Posted in Income Tax | 1 comments | 14256 Views

Streamlining the Procedure for Grant of Industrial Licenses

21 October 2014 at 11:23

Government of IndiaMinistry of Commerce & Industry Streamlining the Procedure for Grant of Industrial Licenses 1. Increasing the validity period of Industrial License As a measure of ease of doing business, henceforth two extensions of two yea

Posted in Others | 13305 Views

Bankruptcy Reforms Committee

21 October 2014 at 11:22

Government of IndiaMinistry of Finance The Hon'ble Finance Minster in his Budget Speech of 2014-15 announced that an Entrepreneur friendly legal bankruptcy framework would be developed for SMEs to enable easy exit. Pursuant to the above announc

Posted in Others | 10518 Views

Form ADT-1 available for filing

21 October 2014 at 11:22

Form ADT-1 for intimating appointment of Auditors, under section 139(1) of the Companies Act, 2013, by the companies is available for e-filing on the MCA website www.mca.gov.inunder company forms download with effect from 20thOctober 2014. Pursuant t

Posted in Corporate Law | 8 comments | 16683 Views

Collection of black money stashed abroad

20 October 2014 at 11:47

Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesPress Release on the filing of I.A. No. 14 in WP(C) No. 176 of 2009 (Ram Jethmalani & Ors V. Union of India), by Union of IndiaUnion of India has filed I.A. N

Posted in Others | 4 comments | 15486 Views