Should there be more than one ICAI Vice President ?

Should there be more than one ICAI Vice President? This is one of the terms of reference of the group constituted by ICAI  for review of the existing term of the Council. The announcement of ICAI is as under: Council Affairs/M-626/2016 11th May, 2016 ALL MEMBERS OF THE COUNCIL …

No difference between gift and settlement for capital gain. Holding period of previous owner (settlor) transferring capital asset u/s 2(42A) to be counted

No difference between gift and settlement for capital gains purposes. In a recent judgment, ITAT, Chennai has held that  there is no difference between a gift and settlement and for the purpose of computing capital gains, the holding period of the capital asset (Trade Mark) transferred,  the holding period …

Internship Programme Department of Expenditure MoF FY 2016-17 How to apply. Eligibility, Duration, Remuneration, Placement, Certificate and Selection

Internship Programme Department of Expenditure MoF FY 2016-17 How to apply. Eligibility, Duration, Remuneration, Placement, Certificate and Selection  No.A.33025/04/2016-Ad.I Government of India Ministry of Finance Department of Expenditure North Block  New Delhi, 9th May, 2016 Subject:- Internship Programme of Department of Expenditure The objective and guide lines/salient features …

No mandatory show cause notice requirement us 263. Only reasonable opportunity of hearing to be afforded to the assessee-Supreme Court

No mandatory show cause notice requirement us 263-SC. Only reasonable opportunity of hearing to be afforded to the assessee The Supreme Court in its latest judgment delivered in the case of legendary Indian Movie actor Amitabh Bachchan (Big-B) has upheld and restored the CIT revisionary order u/s 263 …
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