Financle e-learning kit for bank audits-ICAI ties up with Infosys  The Institute of Chartered Accountants of India (ICAI) is aiming in setting up a benchmark for the statutory audit of the Banks for the year 2017-18 by utilising the Finacle expertise of Infosys, which have committed to provide a …

Supreme Court explains the doctrine of mutuality.  In a recent judgment, the Supreme Court has explained the doctrine of mutuality. Receipts of non-occupancy charges, transfer charges, common amenity fund charges received by cooperative societies, from its members exempt from tax ABCAUS Case Law Citation: ABCAUS 2260 (2018) (03) …

After enactment of GST, administrative Charges on Molasses can not be levied under the provision of the U.P. Sheera Niyantran Adhiniyam 1964-Allahabad High Court  stays the demand.  ABCAUS Case Law Citation: ABCAUS 2259 (2018) (03) HC In a recent judgment the Allahabad High Court has stayed the Administrative …

Be sensitive to the demands and the dignity the honest tax payer, the tax payer is your partner, not your adversary-President tells IRS Trainee Officers  The Hon’ble President of India was talking to the 71st batch of trainee IRS offficers. The full text of his speech is as …

Due date for furnishing Country-by-Country report -CBDT Clarification The Government of India issues clarification regarding requirement for furnishing of Country-by Country Report under Section 286(4) of Income Tax Act, 1961.  In keeping with India’s commitment to implement the Recommendations of the 2015 Final Report on Action 13, titled “Transfer Pricing …

Goods and Services Tax Network made User-Friendly  Goods and Services Tax Network (GSTN) had sought the views of the taxpayers about their experience and difficulties.  A survey was conducted by GSTN on overall taxpayer’s satisfaction during the months of October 2017 & November 2017. The taxpayers for the Survey …