Philips launches 2 - in - 1 Color Changing 8.5 W LED Bulb

Philips 2 - in - 1 Color Changing 8.5 W LED Bulb (White, Yellow) Price: Rs. 599 Buy Philips 2

“Innovation & You”. Philips has garnered immense success by ensuring that its various innovations touch millions of lives by catering to the lighting needs of families all over the country. Add this bulb from Philips and light up the interiors of your home to make it radiate oodles of positive energy.
LED Bulb
This LED bulb saves upto 40% energy with a power consumption of 8.5 W when compared to CFL

PNB Invites application for Concurrent Auditor Empanelment

PNB Invites application for Concurrent Auditor Empanelment CONTINUE READING

Micromax Canvas LapTab: Micromax launches Windows tablet-laptop 2-in-1 at Rs 14,999

http://ibnlive.in.com/news/micromax-canvas-laptab-micromax-launches-windows-tabletlaptop-2in1-at-rs-14999/542994-11.html

CA FRESHERS REQUIRED ON URGENT BASIS

CA FRESHERS REQUIRED ON URGENT BASIS,

LOCATION TO BE PLACED AT LAXMI NAGAR-CA OFFICE

Specimen of Directors’ Report, Corporate Social Responsibility Report and Form No. AOC-2 as per Companies Act, 2013 for ready reference of our readers, which can be used for Compilation of Annual Reports

Specimen of Directors’ Report

To,

The Members,

Your Directors have pleasure in presenting their ………….Annual Report on the business and operations of the Company and the accounts for the financial year ended March 31^st, 2015.

1. Financial summary or highlights/Performance of the Company (Standalone)

The Board’s Report shall be prepared based on the stand alone financial statements of the

Penalty upto 25000/day if person more than 20 directorship in any co(Pvt or Public):

Penalty upto 25000/day if person more than 20 directorship in any co(Pvt or Public):

1)     From 1/4/14, no person can hold more than 20 directorship, penalty upto 25000/day.

2)     If a person already holds more than 20 directorship as on 1/4/14, he have been given 1 year time to comply.

3)     Directorship in pvt Ltd co is also to be counted.

Relevant Provision:

Sec 165. (1) No person, after the commencement of this Act, shall hold office as a director, including any

ENHANCED PENALTY IN SERVICE TAX BY AMENDMENTS IN FINANCE BILL, 2015

ENHANCED PENALTY IN SERVICE TAX BY AMENDMENTS IN FINANCE BILL, 2015

 

Section 76, 77, 78 and 78A of Finance Act, 1994 (‘Act’ for short) provides for penalty.  The Finance Bill, 2015 brings amendments to Section 76 Section 78 and omitted Section 80 of the Act.

Penalty for failure to pay service tax

The existing Section 76 of the Act provides the levy of penalty for failure to pay service tax.   The section provides that any person, liable to pay service tax in accordance with the provisions of section

Get 40 inch Full HD LED Television at throw away price

Onida LEO40FS 101 cm (40) LED TV

Watch your favourite movies and TV shows in Full HD resolution and crystal clear surround sound on the Onida LEO40FS 101 cm (40) LED TV.

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Price Rs.26990 to buy go to the link Buy Onida LEO4000F 101.6 cm  

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Thanks to Onida's full High Definition LED TV, you get to immerse yourself in the best of picture

Changes in Union Budget 2015-16 with respect to CENVAT Credit Rules,2004 and Service Tax Rules,1994

Changes in Union Budget 2015-16 with respect to CENVAT Credit Rules,2004 and Service Tax Rules,1994

“CENVAT Credit Rules, 2004 amended with announcement of Union Budget 2015-16”

CBEC by the virtue of Notification no. 6/2015-CE (N.T.) dated 01.03.2015 has amended the

EY pays more than Big Four rivals

http://economia.icaew.com/news/april-2015/ey-pays-more-than-big-four-rivals

Who pays the most?

In some cases, depending on position and experience, EY pays up to £25,000 more than Deloitte, KPMG and PWC – as shown in table below.

Salary benchmarking site Emolument, analysed salary data from 504 consultants and auditors working in London for the Big Four.
The research also found that the Big Four pay consultants significantly more than auditors.

While at the beginning of a career the gap between audit and consultancy is minimal (less than 5%), it increases dramatically with experience, rising to 28% for 15 years of experience.
Thomas Drewry, CEO at Emolument said, “To many graduates looking to enter a career, differentiating between audit, consultancy and other professional services can be challenging. As starting salaries are usually aligned, few will realise that not only do these careers open very varied career paths", and with a "large pay gap further down the line.”

- See more at: http://economia.icaew.com/news/april-2015/ey-pays-more-than-big-four-rivals#sthash.Ord6TKda.dpuf

Who pays the most?

In some cases, depending on position and experience, EY pays up to £25,000 more than Deloitte, KPMG and PWC – as shown in table below.

Salary benchmarking site Emolument, analysed salary data from 504 consultants and auditors working in London for the Big Four.
The research also found that the Big Four pay consultants significantly more than auditors.

While at the beginning of a career the gap between audit and consultancy is minimal (less than 5%), it increases dramatically with experience, rising to 28% for 15 years of experience.
Thomas Drewry, CEO at Emolument said, “To many graduates looking to enter a career, differentiating between audit, consultancy and other professional services can be challenging. As starting salaries are usually aligned, few will realise that not only do these careers open very varied career paths", and with a "large pay gap further down the line.”

- See more at: http://economia.icaew.com/news/april-2015/ey-pays-more-than-big-four-rivals#sthash.Ord6TKda.dpuf

Who pays the most?

In some cases, depending on position and experience, EY pays up to £25,000 more than Deloitte, KPMG and PWC – as shown in table below.

Salary benchmarking site Emolument, analysed salary data from 504 consultants and auditors working in London for the Big Four.
The research also found that the Big Four pay consultants significantly more than auditors.

While at the beginning of a career the gap between audit and consultancy is minimal (less than 5%), it increases dramatically with experience, rising to 28% for 15 years of experience.
Thomas Drewry, CEO at Emolument said, “To many graduates looking to enter a career, differentiating between audit, consultancy and other professional services can be challenging. As starting salaries are usually aligned, few will realise that not only do these careers open very varied career paths", and with a "large pay gap further down the line.”

- See more at: http://economia.icaew.com/news/april-2015/ey-pays-more-than-big-four-rivals#sthash.Ord6TKda.dpuf

Who pays the most?

In some cases, depending on position and experience, EY pays up to £25,000 more than Deloitte, KPMG and PWC – as shown in table below.

Salary benchmarking site Emolument, analysed salary data from 504 consultants and auditors working in London for the Big Four.
The research also found that the Big Four pay consultants significantly more than auditors.

While at the beginning of a career the gap between audit and consultancy is minimal (less than 5%), it increases dramatically with experience, rising to 28% for 15 years of experience.
Thomas Drewry, CEO at Emolument said, “To many graduates looking to enter a career, differentiating between audit, consultancy and other professional services can be challenging. As starting salaries are usually aligned, few will realise that not only do these careers open very varied career paths", and with a "large pay gap further down the line.”

- See more at: http://economia.icaew.com/news/april-2015/ey-pays-more-than-big-four-rivals#sthash.Ord6TKda.dpuf

Who pays the most?

In some cases, depending on position and experience, EY pays up to £25,000 more than Deloitte, KPMG and PWC – as shown in table below.

Salary benchmarking site Emolument, analysed salary data from 504 consultants and auditors working in London for the Big Four.
The research also found that the Big Four pay consultants significantly more than auditors.

While at the beginning of a career the gap between audit and consultancy is minimal (less than 5%), it increases dramatically with experience, rising to 28% for 15 years of experience.
Thomas Drewry, CEO at Emolument said, “To many graduates looking to enter a career, differentiating between audit, consultancy and other professional services can be challenging. As starting salaries are usually aligned, few will realise that not only do these careers open very varied career paths", and with a "large pay gap further down the line.”

Click here to know more

The world’s top economic risk hotspots

Geopolitical unrest, currency fluctuations, and declining commodity prices are projected to weaken growth in emerging and developing economies in 2015, according to the International Monetary Fund’s World Economic Outlook.
Advanced economies are also facing risks, including aging populations and sluggish advances in productivity, but many are benefiting from the sharp decline in oil prices, low interest rates, and a

VAT-15 for the 4th Quarter of 2014-15 has been extended till 4th May, 2015

GOVERNMENT OF PUNJAB DEPARTMENT OF EXCISE & TAXATION PUBLIC NOTICE KIND ATTENTION: DEALERS/CHARTERED ACCOUNTANTS/LAWYERS/OTHER

RBI imposes penalties on three banks; accuses them of KYC breach

http://www.indiainfoline.com/article/news-top-story/rbi-imposes-penalties-on-three-banks-accuses-them-of-kyc-breach-115042900791_1.html

RBI imposes penalties on three banks; accuses them of KYC breach - See more at: http://www.indiainfoline.com/article/news-top-story/rbi-imposes-penalties-on-three-banks-accuses-them-of-kyc-breach-115042900791_1.html#sthash.gUaQjUcL.dpuf

The Reserve Bank of India has imposed monetary penalty on Bank of Maharashtra, Dena Bank, and Oriental Bank of Commerce, of Rs. 15 crore each, for violation of Reserve Bank of India instructions, inter alia, on Know Your Customer (KYC)/ Anti Money Laundering (AML). - See more at: http://www.indiainfoline.com/article/news-top-story/rbi-imposes-penalties-on-three-banks-accuses-them-of-kyc-breach-115042900791_1.html#sthash.gUaQjUcL.dpuf

Vedanta books Rs 20,000-cr impairment charge on oil business

The Anil Agarwal-led Vedanta Ltd (earlier known as Sesa Sterlite Ltd) today announced corporate India's largest ever Rs 20,000-crore goodwill impairment charge for loss of value of Cairn India, its

The Income Tax Department can reopen books of past six years of foreign investors who are liable to pay Minimum Alternate Tax,

New Delhi: The Income Tax Department can reopen books of past six years of foreign investors who are liable to pay Minimum Alternate Tax, sources said.

Although the tax department has assured FIIs from countries with which India has taxation treaties that they will be exempted from the 20 percent levy, sources said those from nations with which India

NATION-WIDE STRIKE CALL BY TRANSPORT FEDERATIONS ON 30 APRIL 2015

NATION-WIDE STRIKE CALL BY TRANSPORT FEDERATIONS ON 30 APRIL 2015   ·         All India Road Transport Workers' (AIRTW) Federations have called for a nation-wide bandh on Thursday, April 30.  AIRTW is affiliated to CITU, AITUC, INTUC, BMS, HMS, AICCTU and

Taxability of debt oriented mutual fund securities for FY 2014-2015

From Fy 2014 - 2015 debt oriented mutual funds will be treated as long term capital asset only if held for more

Excel based automatic depreciation calculator for computing depreciation for financial year 2014-15 under the companies act, 2013.

Excel based automatic depreciation calculator for computing depreciation for financial year 2014-15 under the companies act, 2013.

This is just another superb  creation by CA Ashutosh Lohani   from Lucknow. LINK….

http://abcaus.in/companiesact2013/excel-depreciation-calculator-companies-act-2013-scheduleii-download.html

This calculator aims to provide a help in computing depreciation for financial year 2014-15 as per the

Additional Compliances of Secretarial Standard

Some of the additional compliances required under mandatory SS-1 and SS-2 by all companies except OPC:

For Board meetings:

1. Each meeting of Board and also each resolution (including resolution by circulation) will carry a serial number. 

2. Chairman or MD or WTD or non-interested director to first decide whether approval of Board is to be obtained by

Adjudication of Penalties a New Concept under Companies Act, 2013.

ADJUDICATION OF PENALTIES

Adjudication of Penalties is New Concept under Companies Act, 2013. In earlier Companies Act, 1956, there were no such provisions like this. As all of us are aware that Compliances and governance has been increased under Companies Act, 2013. Minor non-compliances like failure

Delay in filing e-TDS return due to technical default in software of department won't attract penalty on assessee

April 27, 2015[2015] 56 taxmann.com 311 (Cuttack - Trib.)

IT : Where assessee could not file e-TDS statements in Form Nos. 24Q and 26Q within

Vacancy for CA in CITI Bank

The team is involved in Credit Analysis for Corporate Banking clients in Western Europe & North America.

Role Outline/Job Summary

Key focus will be managing a team of analysts, as well as ensuring a complete, well-coordinated,

Ratan Tata acquires stake in Xiaomi

http://ibnlive.in.com/news/ratan-tata-acquires-stake-in-xiaomi/542135-11.html

WhatsApp voice calling launched for BlackBerry 10

http://ibnlive.in.com/news/whatsapp-voice-calling-launched-for-blackberry-10/542077-11.html

Nepal Earthquake: BSNL, Airtel and MTNL offer local, free rates for calls to Nepal

http://tech.firstpost.com/news-analysis/nepal-earthquake-bsnl-airtel-and-mtnl-offer-local-free-rates-for-calls-to-nepal-264945.html

PROFESSIONAL OPPORTUNITIES – RRBs STATUTORY AUDIT 2015

NABARD undertakes the entire exercise of identifying suitable audit firms for appointment as auditors in RRBs .Terms and conditions of such appointed auditors are also recommended by NABARD after an approval from the finance ministry. There is

Bounced cheque: Soon, case can be filed at holder's place

NEW DELHI: The Union Cabinet on Wednesday cleared amendments to the Negotiable Instruments Act dealing with bouncing of cheques to once again make it possible to file a case where the holder

HC Quashes FEMA Tribunal order; No obligation to preserve documents for ‘belated’ enquiries

HC quashes Foreign Exchange Appellate Tribunal’s (‘AT’) order, whereby appellant Xerox Modi Corp. was penalised for failure to submit exchange control copies for import transactions to authorized dealer, terms it a violation of natural justice principles; Observes that order was passed without informing appellant about the communications between adjudicating authority & authorised dealer & without providing it with

New ITR for AY 2015-16

New ITR-2015-16 AY.pdf

ITR 2015-16.pdf

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Foreign Remittance: Taxability: Case Law Analysis 2015

International Tax Update

Foreign Remittance: Taxability: Case Law Analysis 2015: Series 3

1. Reimbursement of Technical Expenses to Head office: Bureau Veritas-Indian Division vs. ADIT 2015 (4) TMI 578 - ITAT MUMBAI: The Assessee was a French company which operated in India

BUDGET CHANGES IN NEGATIVE LIST

The following change in the negative list shall be applicable from the notified date after the enactment of Finance Bill, 2015:

Betting gambling or lottery [Clause (i) of Section 66D]

Finance Bill, 2015 has inserted the following explanation in clause (i) of section 66D-

Explainer: Earthquake risk zones across India

http://ibnlive.in.com/videos/541929/explainer-earthquake-risk-zones-across-india.html

Cracks on Kolkatta flyover after earth quake in Nepal

Earthquake measuring 7.5 on richter scale felt in North, East India for over 20 seconds

http://ibnlive.in.com/news/earthquake-measuring-75-on-richter-scale-felt-in-north-east-india-for-over-20-seconds/541919-3.html

LECTURE MEETING ON - ATTACK ON BLACK MONEY

THE CHAMBER OF TAX CONSULTANTS

LECTURE MEETING ON - ATTACK ON BLACK MONEY

Tuesday, 28^th April, 2015 at Walchand Hirachand Hall, IMC.

The Chamber of Tax Consultants is pleased to announce a lecture meeting jointly with Indian Merchant Chambers on – Attack on Black Money.

Simply because the valuation report was on a higher amount, the books could not be said to be unreliable

Simply because the valuation report was on a higher amount, the books could not be said to be unreliable, unless, by a deeper probe, any defect is found in the maintenance of the books of account. 

1. Decision of Supreme Court in the case of Sargam Cinema v. CIT 328 ITR 513.

2. CIT v. Smt. Salochana Bhatia 20 Taxman.com 298 (P&H)

CAs assist in analysis plus 36 seized documents secret in nature

New Delhi--The Ministry of Petroleum and Natural Gas (MoPNG) has told the Delhi Police that at least 36 documents recovered following the leak of papers from the ministry are either “secret” or “confidential” in nature, according to the chargesheet. This comes after the police sent a bunch of

Deeming fiction of Sec. 50C not be considered while computing exemption under Sec. 54

April 21, 2015[2015] 56 taxmann.com 205 (Indore - Trib.)

IT : When a property is acquired by inheritance, cost of acquisition and period of holding of previous owner is to be taken as cost and holding

Analysis on Service Tax implications on 'Notice Pay' recovery by an employer from an employee

AS per the employment contract/ human resource policy prevalent in many private organisations an employee is required to serve the stipulated notice period (which typically varies from 2 to 3 months) before he quits an organisation. However, in case an employee leaves the organisation before serving the stipulated notice period, then the employer may recover certain

PAN Card to be issued in 48 Hrs

The government will soon launch a facility under which a PAN card will be issued within 48 hours of applying.

"An online facility for issuance of PAN is on the anvil under which an applicant can get a PAN card

Vacancy for CA and CA Inter in MNC

the following vacancies exist  at Patalganga for a pvt ltd co with foreign holding  of 60%

1) Sr accountant , CA or B Com with  adequate experience up to finalization of accounts,  salary up

Eight Powerful Strategies to Fix Your Meetings

Eight Powerful Strategies to Fix Your Meetings

Meetings are at the heart of effective organizations. Each meeting is
an opportunity to clarify issues, set direction, sharpen focus, create
alignment, and move ambitions forward. We have to change the way we

Expression of interest is invited from eligible chartered accountant firms for conducting audit of various government schemes.

Zilla Panchayat - Balrampur Chhattisgarh
Last Date : Apr 25, 2015
Expression of interest is invited from eligible chartered accountant firms for conducting audit of

Now firms can file single return and comply with 8 labour laws

The Labour Ministry on Friday launched an online facility for firms to file a common return on its portal to comply with as many as eight labour laws at one go, saying that the move will improve ease of doing business and reduce costs.
"Instead of filing multiple returns, now they (firms) can file single unified return which will reduce cost of business transaction," Labour Minister Bandaru Dattatreya said after launching the facility on

Now post entries from excel to tally directly

excel to tally Receipt.zip

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Shifting of Registered Office provision in companies Act 2013

Click here to know more

Expression of interest for provide of charted account service

Nagar Panchayat-Koria-Chattisgarh
Last Date : Apr 25, 2015
Expression of interest for provide of charted account service

Appointment of Statutory Auditors for auditing PMGSY funds /works for the FINANCIAL year 2014-15, empanelled Chartered Accountants with C & AG

Andhra Pradesh State Rural Roads Development Agency
Last Date : Apr 25, 2015
Appointment of Statutory Auditors for auditing PMGSY funds /works for the FINANCIAL year

Whether income from use of terrace licensed for mounting radio tower is to be treated as income from house property. YES is the answer.

NEW DELHI, APR 23, 2015: THE bone of contention before the Bench is - Whether income from use of terrace licensed for mounting radio tower is to be treated as income from house property. YES is the answer.

Facts of the case

The assesse, a company is the absolute owner of the terrace floor of property where its registered office is located. It entered into a formal arrangement styled as "Leave and Licence Agreement"

CIT(A) should adopt market rates in valuers directory/stamp duty reckoner in absence of sale instance in same area

April 24, 2015[2015] 56 taxmann.com 260 (Mumbai - Trib.)

IT: Where no sale instances was available of same area, Commissioner

Customer/supplier base acquired along with business was intangible asset; entitled to depreciation

April 24, 2015[2015] 56 taxmann.com 217 (Pune - Trib.)

IT: Where assessee acquired a business which included intangible assets

Depreciation-Companies Act, 2013

With the introduction of the revamped Company Law, changes have been brought about in quite a few areas of interest. We’re focusing on the changes in depreciation in this article.

Schedule XIV of the erstwhile Companies Act prescribed minimum SLM (straight line

Vacancy for Senior Manager - Merger and Acquisition PwC

Requirement	Senior Manager - Merger and Acquisition - 7102/[2015]
Location
Openings	5	Experience	8.00 to 10.00 years
Education	NA
Skills	M&A
Job Description	PwC M&A's range of services include: PwC’s M&A Tax & Regulatory practice provides end-to-end solutions for different types of domestic and cross-border transactions including mergers, demergers, acquisitions, divestitures, joint ventures, corporate restructuring, inbound and outbound advisory, transaction and business model structuring, due diligence and family arrangements. The services consider a host of legislations and regulations including direct tax, indirect tax, stamp duty,

Reverse and Partial Reverse Mechanism Chart from 01.04.2015

Reverse Charge-01-04-2015.pdf

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Banking sector frauds have gone up by over 10 per cent, says Deloitte

The number of frauds in the banking sector have increased by more than 10 per cent over the last two years, with retail banking witnessing highest number of incidents, says a report by consultancy firm Deloitte.
"Around 93 per cent of the respondents pointed out a substantial rise in fraud incidents, with more than half of the respondents having witnessed more than a 10 per cent increase (in fraud incidents)

BSNL to allow unlimited free calling at night

BSNL to allow unlimited free calling at night

The scheme covers all major landline general plans of rural and urban areas, landline special plans and all major combo (landline and broadband) plans

State-run BSNL said Thursday it will introduce unlimited free calling at night from its landline phones to all landline and mobile phones of all service providers across India from May 1.

 

With this, the Bharat Sanchar Nigam Ltd intends to promote landline usage. "This unlimited free night calling shall be available from 9 p.m. to 7 a.m.," a company statement said.

 

The scheme covers all major landline general plans of rural and urban areas, landline special plans and all major combo (landline and broadband) plans.

 

"BSNL landline phone offers voice clarity. Now landline customers can make unlimited calls comfortably anywhere in India to all networks from 9 p.m. to 7 a.m. without paying call charges," the statement added.

2nd-seeded Monfils to face Simone Bolelli in quarterfinals

BUCHAREST, Romania (AP) Second-seeded Gael Monfils advanced to the quarterfinals of the

Nutrition and Aging

Numerous products from lotions and creams to dietary supplements are promoted as ways to prevent or slow down the aging process. Yet there is no hard scientific evidence that any of these items are effective.
Gerontologists (experts in aging) advocate instead that people focus on staying healthy and well so

Sweet and Sour Vegetables recipe

Sweet and Sour Vegetables recipe

Total Time: 30 mins

Makes/Yield: 4

Difficulty: Moderate

Ingredients

Finance Bill, 2015 has amended the definition of ‘service’ under clause (44) of section 65B

Amendment made by Finance Bill, 2015 (w.e.f. notified date)

Finance  Bill, 2015 has amended the definition of ‘service’ under clause (44) of section 65B. Explanation - 2 has been substituted as under:

‘Explanation 2. - For the purposes of this clause, the expression “transaction in money or

WhatsApp voice calling finally comes to iOS

Click here to know more

THE SECURITIES AND EXCHANGE BOARD OF INDIA (PROHIBITION OF INSIDER TRADING) REGULATIOS, 2015 – AN OVERVIEW

 In exercise of the powers conferred under Section 30 read with Section 11 (2)(g) of SEBI Act, 1992, the Board make the ‘Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 (‘Regulations’ for short)-

to put in place a framework for prohibition of insider trading in securities; and

Fines and penal provisions on Chartered Accountants (‘CA’) under the Companies Act, 2013

Fines and penal provisions on Chartered Accountants (‘CA’) under the

 Companies Act, 2013:

Related Party provisions in Companies Act 2013 explained

http://ca-news-articles.2299310.n4.nabble.com/RELATED-PARTY-PROVISIONS-td4640078.html#a4640101

Dena Bank RFR (Request for Registration) contains objectionable conditions

In Dena Bank RFR (Request for Registration) documents have the following objectionable conditions:

• Why Proprietorship CA firms, CA firm having less than 5 years existence are not eligible?
• Why Bank is escaping from disclosing selection criteria by saying "Each Recipient

ICAI issued 2 Guidance note i) CARO & ii) 143(3) f & h

Links are

http://www.icai.org/new_post.html?post_id=11531&c_id=219

http://220.227.161.86/37394aasb26880new.pdf

http://220.227.161.86/37393aasb26882.pdf

AASB issues Clarification on Auditor's Report in Respect of Financial Statements of a Company for Accounting Years Beginning Before 1st April, 2014

37393aasb26882.pdf

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Now EPIC or Aadhaar document enough to get PAN card

http://www.business-standard.com/article/pti-stories/now-epic-or-aadhaar-document-enough-to-get-pan-card-115042000701_1.html

Vacancy of CA Inter/ ICWA Inter

One of the leading MNC is looking for a candidate with 1-3 years of experience in vat matters, assessment etc.

Specifications are as follows:

Changes in CARO 2015 report as compare to CARO 2003

Here, synopsis of the major changes in CARO 2015 report.

After the enactment of companies Act’2013, the companies Act, 1956 (old act) ceased to have effect from April 1, 2014.As a corollary, the companies (Auditor‘s Report) Order, 2003 (CARO, 2003) also

ISACA INTRODUCES PORTFOLIO OF NEW CYBERSECURITY CERTIFICATIONS USING PERFORMANCE-BASED EXAMS

ISACA has introduced a portfolio of new cybersecurity certifications that are the first to combine skills-based training with performance-based exams and certifications. The seven new Cybersecurity Nexus (CSX) certifications help professionals build and evolve their careers in a constantly changing

Breaking the banks: Tax jump may drive HSBC, StanChart away from UK

London — HSBC and Standard Chartered are looking at the viability of quitting London for a new home in Asia because a big jump in a tax on UK banks makes staying in Britain increasingly painful.
Several investors told Reuters they want the two banks to do a thorough analysis on whether it makes

FAQs on CSR by the Corporate Laws and Corporate Governance Conmittee of ICAI.

Click here download

Speaking in Toronto, Canada, Hoogervorst explained that the new mission statement was in line with the Foundation’s main objective - the development of high quality, understandable, enforceable and globally accepted financial reporting standards.
Hoogervorst said, “Our mission is to develop IFRS that brings transparency, accountability and efficiency to financial markets around the world.
“Our work serves the public interest by fostering trust, growth and long-term financial stability within the global economy.”
The new mission statement, which can be found on the IFRS website’s ‘about us’ home page, says that IFRS seeks to improve transparency through enhancement of international comparability; to strengthen accountability by reducing the information gap between the providers of capital and the people to whom they have entrusted their money; and to improve economic efficiency.
- See more at: http://economia.icaew.com/news/april-2015/iasb-chief-announces-new-mission-statement#sthash.9J2ldNrQ.dpuf

Speaking in Toronto, Canada, Hoogervorst explained that the new mission statement was in line with the Foundation’s main objective - the development of high quality, understandable, enforceable and globally accepted financial reporting standards.
Hoogervorst said, “Our mission is to develop IFRS that brings transparency, accountability and efficiency to financial markets around the world.
“Our work serves the public interest by fostering trust, growth and long-term financial stability within the global economy.”
The new mission statement, which can be found on the IFRS website’s ‘about us’ home page, says that IFRS seeks to improve transparency through enhancement of international comparability; to strengthen accountability by reducing the information gap between the providers of capital and the people to whom they have entrusted their money; and to improve economic efficiency.
- See more at: http://economia.icaew.com/news/april-2015/iasb-chief-announces-new-mission-statement#sthash.9J2ldNrQ.dpuf

Punjab and Sind Bank pressurises Chartered Accountant to complete audit without providing details of advances

In the words of sender:

I am SBA of P&S Bank.

From this year bank has discontinued the third party software Called TIPS, which was used to prepare advance returns showing each and every advance account under Standard , Sub-Standard, DF etc. In this report advances were also reported under group like CC, OD, House Loan, etc. and under

Providing of chartered accountant service to District Co.operative Bank Limited

District Co.operative Bank Limited-Ghaziabad
Last Date : Apr 20, 2015
Providing of chartered accountant service

Jordan Spieth's U.S. Masters victory struck another huge blow for golf's 'Generation Next'

Jordan Spieth's U.S. Masters victory struck another huge blow for golf's 'Generation Next', leaving an inspired Jason Day convinced of a changing of the guard.
The 21-year-old Spieth's brilliant wire-to-wire win at Augusta shot him up to world number two

12 pre-workout energy boosters guaranteed to improve your performance

1) Smoothies!

Image credit: fitgirlcode
If you are in too much of a hurry to sit on a table and snack before going to gym, just make yourself smoothies with some of your favorite fruits. Fill up your bottle and keep taking a sip or two before your workout and you will not complain about dehydration, indigestion or fatigue.
Michael Phelps, the most successful and decorated Olympian ever, eats a bowl of oatmeal, bread with

Mixed Vegetable and Angel Hair Pasta Upma recipe

Mixed Vegetable and Angel Hair Pasta Upma

By Sify Bawarchi

Total Time: 1 hr

Makes/Yield: 2

Difficulty: Moderate

Ingredients

• 1/2 packet - Angel Hair pasta

Salient Features Part I Undisclosed Foreign Income and Assets (Imposition of Tax) Bill 2015

CHAPTER I: SCOPE
	(1)	This law would apply to every person, being a resident other than not ordinarily resident in India within the meaning of section 6(6) of the Income-tax Act, 1961, by whom tax is

Even investment in name of partners would provide sec. 54EC relief to partnership firm

[2015] 56 taxmann.com 76 (Pune - Trib.)

IT : Where partners of assessee-firm introduced land and building as their capital contribution to firm, said land and building

Under fire, govt. hints at U-turn on new I-T forms

Faced with criticism, the Modi government may roll back the new income tax returns forms, notified on Friday, that mandate disclosures of foreign trips and all bank accounts held in and outside India

MAT row: DTAA to come to FIIs' rescue?

http://www.moneycontrol.com/news/cnbc-tv18-comments/mat-row-dtaa-to-come-to-fiis-rescue_1361055.html

MAT row: DTAA to come to FIIs' rescue?

Read more at: http://www.moneycontrol.com/news/cnbc-tv18-comments/mat-row-dtaa-to-come-to-fiis-rescue_1361055.html?utm_source=ref_article

Details of Changes in New ITR as launched on 15/04/2015

 ITR-1

1)      Introduction of furnishing Aadhar Card Number in ROI. Which will be used for EVC system.

Introduction of EVC for verification of return of income filed as an option to send ITR-V to CPC,

Indian priest Annamalai Annamalai also known as Swamiji Sri Selvam Siddhar gets 27-year jail term for bank fraud in U.S.

An Indian-origin former leader of a now defunct Hindu temple in Georgia has been sentenced to 27 years in prison for committing bank and tax frauds, money laundering and using the temple’s income to fund his personal lifestyle.

Annamalai Annamalai also known as Swamiji Sri Selvam Siddhar, was in August 2014 convicted for bank and tax frauds following a two-week jury trial.

He was also convicted of bankruptcy fraud offences in connection with the temple’s petition for

Companies with old Share Application money get breather

Share application money which was outstanding on 31st March, 2014 now has to be refunded by 1st

Vacancy for CA in Honeywell

Job Description 

Project Lead

Requisition ID

: 00279935

 

Description

 Area of Responsibilities Key Activities/Elements

Service Delivery

 Reporting and in-depth analysis of monthly financials (P&L, B/S, Free Cash Flow, etc) to support business reviews.
 Develop meaningful and insight business metrics and work with business partners assist decision

HC allowed revenue exp. even if it was claimed for first time in course in assessment proceedings

April 15, 2015[2015] 55 taxmann.com 477 (Gujarat)

IT: Claim of revenue expenditure made for first time in course of assessment proceeding without revising return of income, was allowable under section 37(1)

IT: Lease rent paid for machinery and equipments taken on lease for establishing a new

What is net neutrality and why it is important in India

http://tech.firstpost.com/news-analysis/what-is-net-neutrality-and-why-it-is-important-in-india-262120.html?utm_source=related_stories

Service Tax on Goods Transport Agency: An analysis of person who is liable to pay Service Tax”

Service Tax on Goods Transport Agency: An analysis of person who is liable to pay Service Tax”

Generally there is a notion that transporter is exempted from payment of service tax and only the person who pays the freight is liable to pay service tax. But it is not the case, still transporter is liable to pay service tax if the service recipient is other than the following as per the notification No.

To Check Frauds, Government Tightens Reporting Norms for Auditors

New Delhi: To check corporate wrongdoings, the government today made it mandatory for auditors to flag off any lapses found on the company's part, including those related to frauds, inventory and asset management, outstanding dues and compliance to statutory regulations.
The order comes against the backdrop of enhanced efforts by the government and regulators to

Ministry of Corporate Affairs (MCA) has notified the Companies (Auditor’s Report) Order, 2015

Please note that the Ministry of Corporate Affairs (MCA) has notified the Companies (Auditor’s Report) Order, 2015 on 10th April 2015. Click on the following URL for the text of the aforesaid

Cos cannot carry forward excess funds spent on CSR works But they can disclose in their annual reports excess spending of previous years while giving reasons for not spending in those later years

Excess amount spent by corporates on CSR activities in a particular fiscal under the companies law cannot be carried forward to subsequent financial years.

With companies preparing to disclose details about CSR expenses in their annual filings, chartered accountants' apex body ICAI has issued detailed set of Frequently Asked Questions (FAQs) for its