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29 December 2014

ICAI ON C&AG REPORT

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ICAI ON C&AG REPORT                                         Attention has been drawn to certain issues raised on the certification work ...
28 December 2014

5-minute test is suggested to filter out risky companies:

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n5-minute test is suggested to filter out risky companies: Auditor’s Opinion: Read the Auditor’s Opinion in the 10-K to make sure that it i...
24 December 2014

BANK AUDIT 2015

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The following procedure will be followed for appointment statutory branch auditors (SBAs) in public sector banks (PSBs): (i) The list of el...
23 December 2014

CAG pulls up chartered accountants for incorrect income tax information

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CAG pulls up chartered accountants for incorrect income tax information  Coming down heavily on chartered accountants hired by the income t...
19 December 2014

Revised Bank Branch Auditors' Panel for the year 2014-15

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Please find placed below revised Bank Branch Auditors' Panel for the year 2014-15. To view the category, please click on the relevant in...
18 December 2014

GST Bill: 10 Facts

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Cabinet Clears Amendment to GST Bill: 10 Facts The Cabinet on Wednesday cleared the Constitutional Amendment Bill on Goods and Services Tax...
15 December 2014

CBEC Circular on Service Tax Audit

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CIRCULAR NO 181/7/2014-ST, Dated: December 10, 2014 Audit of the Service Tax assessees by the officers of Service Tax and Central Excis...
03 December 2014

Companies (Amendment) Bill, 2014 

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The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, today approved the introduction of the Companies (Amendment) Bill, 2014...
26 November 2014

RBI on ECB-FD

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RBI allows ECB borrowers to park ECB proceeds in fixed deposits for 6 months pending their utilization November 24, 2014 EXTERN...
23 November 2014

CA institute officials under lens

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CA institute officials under lens Debasish Konar,Nov 22, 2014, 12.00AM IST KOLKATA: Enforcement directorate is going to summon some senior...
22 November 2014

GST Highlights

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Highlights of New Proposed Goods & Service Tax (GST)  1. The basic principal governing behind GST is to have single Taxation System for...
20 November 2014

Circular on Re-Credit of Cenvat

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GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE AND CUSTOMS CIRCU...
19 November 2014

TP Case of Shell

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HC decides TP issue of undervaluation of shares in favour of shell; follows ratio of Vodafone's case November 19, 2014   ...
16 November 2014

Section 80C- Bank term Deposit Limit increased to Rs. 1.50 Lakh

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Section 80C- Bank term Deposit Limit increased to Rs. 1.50 Lakh   NOTIFICATION NO.  63/2014, Dated: November 13, 2014. S.O...
15 November 2014

Bank branch audit panel

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Draft Bank Branch Auditors’ Panel for the year 2014-15 has been hosted at http://www.meficai.org/DraftBankBranchAuditorsPanel_2014_15.html. ...
14 November 2014

Company Law Settlement Scheme (CLSS) further extended

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Ministry has, on consideration of 2014) upto31st December. 2014. Ci requests received from various stakeholders, has decided to extend the ...
13 November 2014

FD in Court- NO TDS

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No TDS liability of bank under sec. 194A on interest accrued on FD made by litigant on directions of Court N...
12 November 2014

POA- Capital Gains

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CAPITAL GAINS In favour of: Assessee Capital gains on sale of property cannot be assessed in the hands of power o...

NBFC-Revised Regulatory Framework

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RBI tightens norms for NBFCs In a bid to bring non-banking financial company (NBFC) norms in line with those of banks, the Reserve...
10 November 2014

3 CB CD utility

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FYI - CBDT on 06-11-2014 released Revised Form 3CA-3CD & Form 3CB-3CD filing utility along with updated Schema. Revised Utility is is no...