CAclubindia News

Report on Audit Quality Review Findings

19 August 2015 at 10:36

ANNOUNCEMENTA Report on Audit Quality Review Findings (2012-15) Government of India has, in exercise of the powers conferred under Section 28A of the Chartered Accountants Act, 1949, constituted a Quality Review Board (the ‘Board’) to per

Posted in Audit | 9246 Views

34281 cases pending related to direct tax in high courts

12 August 2015 at 10:42

The number of cases relating to Direct Taxes pending in various High Courts and the amount involved therein is as below: High Court No. of cases pending* 34,281 Amount involved* (in Rs. crore)

Posted in Income Tax | 4 comments | 14997 Views

Parameters for Splitting of GST Revenue Between Centre and States

12 August 2015 at 10:42

Under the proposed GST regime, both Centre and States will simultaneously levy GST across the value chain. Tax will be levied on supply of goods and services. Centre would levy and collect Central Goods and Services Tax (CGST), and States would levy

Posted in GST | 13362 Views

Indirect Tax Provisional Revenue Collection Increases by 39.1%

11 August 2015 at 18:01

Indirect Tax Revenue (Provisional) Collections Increase From Rs. 40,802 Crore in July 2014 to Rs. 56,739 Crore During July 2015 Registering an Increase of 39.1% During the Month of July 2015 Over the Corresponding Period in the Previous Year; Customs

Posted in Income Tax | 1 comments | 9240 Views

Facility for downloading Statements of Marks for IPC exams

11 August 2015 at 18:01

Physical copies of statement of marks in respect of Intermediate (IPC) Examination held in May, 2015, in the standard printed stationery are under dispatch, in the normal course.In addition to the above, the statement of marks in respect of Intermedi

Posted in Exams | 13833 Views

Non-Compliance of Companies Act

08 August 2015 at 10:50

Registrar of Companies (ROCs) were directed to examine documents under Section 234 of the Companies Act, 1956 in the year 2010. ROCs examined documents of the companies located within their jurisdictions and certain violations of the provisions of t

Posted in Corporate Law | 1 comments | 21501 Views

Ease of Doing Business/Use of INC - 29 for Formation of Company

07 August 2015 at 17:31

For ease of doing business, Ministry of Corporate Affairs has introduced a simplified Incorporation Form-INC-29. The form offers a number of advantages over traditional incorporation forms in terms of reduced number of procedures, time taken and the

Posted in Corporate Law | 6 comments | 14166 Views

CBDT signs advance pricing agreements (APAs) to usher in certainty in taxation

07 August 2015 at 10:40

As a part of a major initiative to usher in certainty in taxation, the Central Board of Direct Taxes (CBDT) entered into two unilateral Advance Pricing Agreements (APAs) on 3 August, 2015 with two Multi-National Companies (MNCs) which includes the fi

Posted in Income Tax | 8388 Views

Empanelment of Chartered Accountant firms/LLPs for the year 2015-16

03 August 2015 at 15:03

This is to inform that Multipurpose Empanelment Form (MEF) for the year 2015-16 has been made live at www.meficai.org. The Members/firms can apply the form showing the status as on 1st January 2015. After filling the form, they are required to genera

Posted in Others | 1 comments | 20880 Views

MCA New version of forms from 1st Aug

01 August 2015 at 13:27

Version of Forms Form 20B, Form 23AC, Form 21A, Form 23ACA, Form 66, Form 23ACA (XBRL), Form 4 LLP, Form FC-4, Form 23B, Form FC-1, are modified w.e.f 1st Aug 2015. You are requested to plan accordingly.

Posted in Corporate Law | 2 comments | 16794 Views