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Abcaus

Process to be followed for registration as Registered Valuer with IBBI

administrator April 5, 2018 bankruptcy
Process to be followed for registration as Registered Valuer with Insolvency and Bankruptcy Board (IBBI) of India under the Companies (Registered Valuers and Valuation) Rules, 2017  With an objective to familiarise the eligible and desirous individuals and entities with the process of registration as a valuer with the Insolvency …
INCOME TAX PENALTY

Rectification of wrong penalty section. Notice was not required as assesseee was aware of offence

administrator April 4, 2018 High Courts, Income Tax
For rectification of wrong penalty section no notice u/s 154(3) was required to assessee as he was aware of offence and could not controvert the findings recorded – Allahabad High Court ABCAUS Case Law Citation:ABCAUS 2271 (2018) (04) abcaus.in HC The instant petition was filed under Article 226 …

CBDT constitutes working group on High Net Worth Individuals for taxation purposes

administrator April 4, 2018 Income Tax
CBDT constitutes working group on High Net Worth Individuals-HNWI. They may migrate to other countries and treat themselves non-residents for tax purposes  High-net-worth individual (HNWI) is a term used by some segments of the financial services industry to designate persons with investible assets exceeding a given amount. World wide, …

ICAI FAQs on Ind AS-103-Business Combinations, Education Material by the Ind AS Implementation Group

administrator April 4, 2018 ICAI
ICAI FAQs on Ind AS-103-Business Combinations, Education Material by the Ind AS Implementation Group The Ind AS Implementation Group of ICAI has come out with an Educational Material on Ind AS-103, Business Combinations. The said education material  is in the form of Frequently Asked Questions (FAQs) which explains …

Taxpayers to be provided facility to complete filing TRAN-1 where it could not be filed due to IT glitches

administrator April 4, 2018 GST
Taxpayers to be provided facility to complete filing TRAN-1 where it could not be filed due to IT glitches at GST portal. Filing to be completed for TRAN-1 by 30-04-2018 & for GSTR 3B by 31-05-2018 Circular No. 39/13/2018-GST F. No. 267/7/2018-CX.8 Government of India Ministry of Finance Department of …

ICSI should keep uniformity in awarding the punishment for professional misconduct

administrator April 4, 2018 CA Appellate Authority, ICSI
ICSI should keep uniformity in awarding the punishment for professional misconduct in the interest of justice-Appellate Authority reduces punishment ABCAUS Case Law Citation: ABCAUS 2270 (2018) (04) AA The appellant in the instant case was a practicing company secretary who was aggrieved of the order passed by the …

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