Abcaus

Auditors appointment/rotation on term completion us 139(2) to be maximum at AGM date after three years from the date of commencement of Companies Act 2013

administrator July 1, 2016 Companies Act

Government of India Ministry of Corporate Affairs ORDER New Delhi, the 3oth June, 2016 S.O. _ (E). – Whereas , the Companies Act , 2013 (18 of 2013) (hereinafter referred to as the said Act) received the assent of the President on 29th August , 2013 and section 1 …

CBEC-Launch of special drive from 01-07-2016 to 30-09-2016 to resolve certain pending issues and timely disposal of AIR drawback claims

administrator July 1, 2016 Excise/Custom

F.No.609/14/2014-DBK Government of India Ministry of Finance Department of Revenue, CBEC Drawback Division 4th Floor, Jeevan Deep Building, New Delhi, Parliament Street, Dated: 30th June, 2016 To All Principal Chief Commissioners/ Chief Commissioners All Principal Director Generals/ Director Generals All Principal Commissioners/Commissioners, under CBEC Madam I Sir, Subject: …

Latest 11 FAQ Clarifications on the Income Declaration Scheme 2016 by CBDT. Circular No. 25/2016.

administrator July 1, 2016 Income Tax

Latest 11 FAQ-IDS 2016 Circular No.25 of 2016 F.No.142/8/2016-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) Dated 30th of June, 2016 Clarifications on the Income Declaration Scheme, 2016 The Income Declaration Scheme, 2016 (hereinafter referred to as ‘the Scheme’) …

ICAI-FAQ on deemed cost of Property, Plant and Equipment under Ind AS 101, First-time Adoption of Indian Accounting Standards

administrator July 1, 2016 ICAI

FAQ on deemed cost of Property, Plant and Equipment under Ind AS 101, First-time Adoption of Indian Accounting Standards* Issue: Ind AS 101 provides that the net carrying amounts of all of its Property, Plant and Equipment as per previous GAAP can be used as deemed cost on the …

Pre-2005 Banknotes Exchange from 01072016 at RBI Select Offices-Cities. These pre-2005 banknotes will continue to remain legal tender.

administrator June 30, 2016 RBI

Pre-2005 Banknotes Exchange from 01072016 at RBI Select Offices-Cities. Reserve Bank of India Exchange of Pre-2005 Banknotes at Select Offices of RBI from July 01, 2016 Date : Jun 30, 2016 The Reserve Bank of India has observed that a major portion of the pre-2005 banknotes have been …

Limitation us 275 imposing penalty starts from date of initiation by AO though it is imposable by Addl/JCIT. Penalty us 272A(2)(k), 271C held time barred

administrator June 30, 2016 Income Tax, ITAT, Judgments

Limitation us 275 imposing penalty starts from the date of initiation by the Assessing Officer though it is imposable by Additional/Joint Commissioner of Income-tax but there is no bar on the initiation of penalty proceedings by the ITO. Proceedings us 272A(2)(k), 271C held time barred by ITAT ABCAUS …