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PNB Forensic Auditors Chartered Accountants Firms Empanelment FY 2016-17. Last date for application 27-04-2015

PUNJAB NATIONAL BANK invites applications for empanelment of Forensic Auditors for the period 2016-2017. Criteria of qualifications, experience, scope of work, application forms, undertakings, addresses of the Zonal Offices etc. are enclosed. Please note that applications and copies of the qualification, experience, undertakings etc. be submitted to nearest …

SEBI-Consultation Paper on Distribution of Cash Benefits through Depositories-Issues investors may be facing

SEBI-Consultation Paper on Distribution of Cash Benefits through Depositories For investments in various securities, investors receive cash benefits such as dividend, interest and redemption payments. At present, cash benefits are distributed directly by issuer companies to the investors mostly through their Registrar and Transfer Agents (RTAs). Though this …

Employee secondment charges not fees for technical/professional services for invoking disallowance u/s 40(a)(ia)

In a recent judgment, ITAT Mumbai has held that where the assessee pays secondment charges for the employees, for all practical purposes, the assessee is the employer and the charges paid can not be said fees for technical/professional services for disallowance u/s 40(a)(ia) Case Law Details: ITA No. 1945/Mum/2013 Assessment Year: 2009-10 Deputy …

Reopening/Reassessment u/s 147/148 on retrospective amendment bad as there is no failure on the part of assessee to disclose fully/truly all material facts

In a recent judgment, ITAT Delhi has stated that a concluded assessment can not be reopening u/s 147/148 based on a retrospective amendment in Law as there could not be any failure on the part of the assessee to disclose fully and truly all material facts. Case Law Details: ITA Nos. …

Major Highlights-Finance Minister Arun Jaitley Engagements in Washington DC 15-04-2016, G-20 Participates, Meeting with the World Bank Group President

Major Highlights of the Finance Minister Shri Arun Jaitley’s Engagements in Washington D.C. on 15th April, 2016, the Third Day of his US Official Visit; Participates in G-20 Finance Ministers and Central Bank Governors’ Meeting; Holds a Bilateral Meeting with the World Bank Group President Mr Jim Yong …