CBDT has asked Income Tax Department to identify the potential cases of non filing of income tax return (ITRs) for AY 2013-14 and initiate prosecution u/s 276CC if the conditions prescribed are fulfilled. In a letter issued by Directorate of Income tax (Systems) dated 22/03/2016, Pr. Chief Commissioner of …

Securities and Exchange Board of India CIRCULAR SEBI/HO/CFD/DIL/CIR/P/2016/47                                                                                 …

No. Coord/13-6/H/A/c/Vol.VIII/ 333 0/o Pr. Chief Controller of Accounts Central Board of Excise & Customs Dated 28-03-2016 Office Memorandum Subject:- Opening of New Minor Head “5o6-Infrastructure Cess” below Sub­–Major Head “03-Non-Sharable Duties” under Major Head “0038-Union Excise Duties”. · The undersigned has been directed to inform that the …

Ministry of Corporate Affairs (MCA) has made amendments to  Companies (Accounting Standards) Rules, 2006 by the Companies (Accounting Standards) Amendment Rules, 2016 by notification dated 30/03/2016. In the amended rules: Reference to Companies Act 2013 has been incorporated; For financial statements reference to section 2(40) of the Companies Act 2013 …

On 16-02-2015, MCA had notified Companies (Indian Accounting Standards) Rules, 2015. Today, (30/03/2016) Ministry of Corporate Affairs (MCA) has notified Companies (Indian Accounting Standards) (Amendment) Rule, 2016. The amendment has made the following changes: Indian Accounting Standard (Ind AS) 11 – Construction Contracts notified. The  standard shall be applied in accounting for …

MINISTRY OF CORPORATE AFFAIRS ORDER New Delhi, the 29/03/20l6 S.O……………(E).-In exercise of the powers conferred by sub_section (ll) of section 143 of the Companies Act, 2013 (18 of 2013 ) and in supersession of the Companies (Auditor’s Report) Order, 2015 published in the Gazette of India, Extraordinary, Part …