Daily Archive: Wednesday, May 4, 2016

SEBI-Investment Policy, Liquid Assets for the purpose of Calculation of Net Worth of a Clearing Corporation and Transfer of Profits

Author: | Categories: SEBI No comments
CIRCULAR SEBI/HO/MRD/DRMNP/CIR/P/2016/54                                                                       May 04, 2016 All recognized Clearing Corporations and Stock Exchanges Dear Sir

 

Guidance Note on CARO 2016-AASB-ICAI. CARO 2016 has introduced a number of new or modified reporting requirements for the auditors.

Author: | Categories: ICAI No comments
Guidance Note on CARO 2016-Communication from AASB of ICAI Dear Members As you are aware, the Companies (Auditor’s Report) Order, 2016 (CARO 2016) was notified by the Ministry of Corporate Affairs (MCA) on 30th March 2016.  The Order is applicable for the audits of financial statements for the financial

 

Excise Custom Rewards to Informers Government Servants -Monitoring of pendency by quarterly meetings and registers for cases booked on or after 01-04-2005

Author: | Categories: Excise/Custom No comments
Excise Custom rewards  to informers Government Servants-Monitoring  of pendency by quarterly meetings and registers for cases booked on or after 01-04-2005 Circular No. 15/2016-Cus F.No. 13012/08/2015-Cus (AS) Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs (Anti-Smuggling Unit) ***** New Delhi, dated the

 

Reopening u/s 147/148. Post mortem exercise of analysing materials will not cure an order invalid due to non satisfaction of jurisdictional requirement

Author: | Categories: Income Tax, ITAT, Judgments No comments
Reopening of a case u/s 147/148, a post mortem exercise of analysing materials produced subsequently will not cure an inherently defective reopening order from invalidity due to non satisfaction of jurisdictional requirement. ITAT Delhi has relied on Delhi High Court judgment and quashed the reassessment proceedings and allowed the legal issue in dispute

 

Procedure for Registration Preparation e-filing of Form 15G 15H. CBDT Notification 07/2016. Details of declaration, UID to be given in quarterly TDS Return

Author: | Categories: Income Tax No comments
Procedure for Registration Preparation e-filing of Form 15G 15H F. No. DGIT(S)/ADG(S)-2/TDS e-filing Notification/110/2016 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income Tax (Systems) Notification No 7/2016 New Delhi,  4 May, 2016 Procedure for submission of declaration by person claiming receipt of certain

 

ICAI Motto Song- Suggestions invited for Recomposition

Author: | Categories: ICAI No comments
ICAI Motto Song- Suggestions invited for Recomposition Dear Colleague The “ICAI Motto Song” played during all important events of ICAI is a source of inspiration for the CA fraternity and has a grand meaning that encourages us all to stay alert, dynamic while retaining the long cherished ideals of ‘Excellence, Independence, Integrity’ which are