Daily Archive: Tuesday, June 14, 2016

Draft Model GST Law 2016-Chartered accountant, cost accountant, company secretary provisions for audit, appearance as authorised representative etc.

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Draft Model GST Law 2016 – chartered accountant, cost accountant, company secretary provisions for audit, appearance as authorised representative etc. Finance Minster has released Draft Model GST Law 2016. The various provisions of the Draft Law concerning CAs, CMAs, and CS are reproduced hereunder. 2. Definitions 2(23) “chartered accountant” means a

 

TDS Default-Assessee liable us 2011A for interest even if payee declared income and paid taxes. ITAT amends order in line with Supreme Court judgment

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TDS Default-Assessee liable us 2011A for interest even if payee declared income and paid taxes. ITAT amends the order in line with Supreme Court judgment. ABCAUS Case Law Citation: 943 2016 (06) ITAT Date of Judgment/Order June 2016 Brief Facts of the Case: A TDS survey was conducted in

 

Income tax Survey outcome disclosure to complainant directed under RTI as soon as the assessment proceedings are concluded. CIC Order

Income tax Survey outcome disclosure to complainant directed under RTI Act  ABCAUS Case Law Details: 001 2016 (06) CIC Date of Decision/Judgment: June 2016  Brief Facts of the Case: The appellant has sought copy of survey report held in January 2014 on his complaint. According to the appellant he had

 

RBI-Scheme for Sustainable Structuring of Stressed Assets Guidelines for resolution of large borrowal accounts facing severe financial difficulties

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RBI-Scheme for Sustainable Structuring of Stressed Assets RBI/2015-16/422 DBR.No.BP.BC.103/21.04.132/2015-16 June 13, 2016 All Scheduled Commercial Banks (Excluding RRBs), All-India Term-lending and Refinancing Institutions (Exim Bank, NABARD, NHB and SIDBI) Non-Banking Financial Companies Securitisation Companies/ Reconstruction Companies Scheme for Sustainable Structuring of Stressed Assets In order to strengthen the lenders’