Bombay HC also extends Due Date to 31-10-2015. Full order awaited

Bombay HC instructs CBDT to extend ITR Due Date to 31.10.2015

The Chamber of Tax Consultants Vs. Union of India & Ors. (Bombay High Court), WP

ICAI - journal October 2015

http://www.icai.org/new_post.html?post_id=5487&c_id=259

CBDT Extends Due Date For Filing ROI ONLY For Assessess In P&H And Gujarat Subject To Outcome Of Appeal In Supreme Court

The Central Board of Direct Taxes, in compliance to the orders of Hon’ble Punjab and Haryana High Court dated 28.09.2015 in case of Vishal Garg & Ors. vs. Union of India & Anr.; CWP 19770-205 and order of Hon’ble Gujarat High Court dated 29.09 .2015 in case of All Gujarat Federation of Tax

High Courts orders for extension of Return dates with Tax Audit Reports

ll Gujarat Federation of Tax Consultants vs. CBDT, Special Civil Application No. 15075 Of 2015, Dated-15.09.2015 After Punjab & Haryana High Court the Gujarat High Court also directs CBDT to extend the due date for Filing of ITR to October 31st in its Judgement today. - 

copy of  judgement of punjab and haryana high court

--

As the CBDT delayed issued the Income-tax Return Forms, the due date for filing the returns is

Bank deposit rates, small savings rates could be lowered

Finance Minister Arun Jaitley on Tuesday welcomed the Reserve Bank’s decision to reduce the repo rate to 6.75 per cent from 7.25 per cent but, in bad news for individuals — especially savers — he indicated that bank deposit rates and small savings rates are set to get lower too.

Chief Economic Adviser Arvind Subramanian indicated that Government could lower its GDP

Income Tax Return - Due Date Extension - Delhi High Court declines to interfere

THE Delhi High Court dismissed a writ petition seeking a direction to the Government to extend the due date, which is 30th September 2015 for filing income tax returns by assessees whose accounts are required to be audited. The High Court observed, "Such decisions of the Government,

CBDT has updated the tax audit utility for form 3CA CD, form 3CB CD and form 10 B.

CBDT has updated the tax audit utility for form 3CA CD, form 3CB CD and form 10 B.

Wadiyar wins wealth tax case after a 38-year-long battle

Nearly two years after his death, the then scion of the Mysore royal family Srikantadatta Narasimharaja Wadiyar has finally won the legal battle, which lasted 38 years, over the valuation of vacant lands around the Bangalore Palace for the assessment of wealth tax between 1977 and 1986.

The Supreme Court, in its September 21 verdict, held that total market value of the vacant land,

Income Tax dept officially clarifies of extension circular being fack

e-Filing Home Page, Income Tax Department, Government of India - https://incometaxindiaefiling.gov.in/

CBDT notifies extention of due date of filing return of income for AY 2015-2016 (subject to confirmation)

Source: Whatsapp forwarded message. subject to confirmation on official income tax website.



This is subject to confirmation on income tax site as the same has not been notified on the website. Also the address is West block instead of north block.

ICAI UAE appoints new managing committee

Nimish Makvana was appointed as chairman, Pankaj Mundra was selected as vice-chairman, Naveen Sharma was selected as secretary and Anish Mehta was selected as treasurer.

The Institute of Chartered Accountants of India (ICAI) UAE (Dubai) Chapter held its annual general

JUSTIFICATION FOR TAR EXTENSION FOR COURTS AND GOVERNMENT

Unchallengeable and Actual justified reasons for extending date of TAR
by any competent authority, requiring urgent attention & action by
CA’s, Advocates, Assesses and general public at large to show true
picture to Courts and Government for at least minimum justice to the
assesses on whose tax payment government and entire departments runs.

In my considered view, following facts have not been brought to the

Kolkata start-up launches portal for preparing IT returns

http://www.thehindubusinessline.com/info-tech/kolkata-startup-launches-portal-for-preparing-it-returns/article7692222.ece?ref=wl_news

Arguments flow at Punjab & Haryana High court on TAR Date Extension

Arguments flow at Punjab & Haryana High court on the TAR matter:

Article 226 coming in way
‬Now court asking why CBDT is so adamant
Our counsel pleading it very hard.
Now court asking why they came up with late ITR forms

How to Pass a Cybersecurity Audit in 10 Steps

With data breaches becoming an unfortunate everyday occurrence, cybersecurity is no longer just an IT issue. Legal departments, which have a need to protect sensitive information, such as employees’ and clients’ personally identifiable information and nonpublic corporate information, are increasingly

Show us audit reports or face CAG probe: HC

MEERUT: The Allahabad high court on Tuesday ordered Meerut municipal corporation authorities to explain whether any audit was conducted in the civic body in the last five years, and if it was, then produce audit reports of all development works undertaken by the civic agency in the last five years. The HC threatened that the agency will have an investigation by CAG if it failed to comply with its

Govt to change registration, audit processes for NGOs

http://www.livemint.com/Politics/PA9eSViAu0cztXoOtvYoWN/Govt-to-change-registration-audit-processes-for-NGOs.html

Companies Act May Be Fully Implemented by March 2016: ICSI

http://profit.ndtv.com/news/industries/article-companies-act-may-be-fully-implemented-by-march-2016-icsi-1219684

Government Decides to Amend Income-Tax Act 1961 so that with Effect from 1st April, 2001, the Provisions of Section 115JB Shall Not be Applicable to a Foreign

Press Information Bureau

Government of India

Ministry of Finance

24-September-2015 16:05 IST

Government Decides to Amend Income-Tax Act 1961 so that with Effect from 1st April, 2001, the Provisions of Section 115JB Shall Not be Applicable to a

AGM at NIRC Jalandhar branch finishes in less than 3 minutes

(as received in mail)

It is the most unfortunate day for Chartered Accountants, who guide public about how to conduct General Meeting, and our own AGM finishes (not concluded) in less than 3 minutes.

As you all know, the AGM of Jalandhar Branch, which was ordered by ICAI, was slated for today at 4pm. The Chairman started the meeting with putting before the members the Agenda of the meeting

“to receive, consider and adopt the Audited Balance Sheet of the Branch as at 31.03.2015 and

Major iOS 9 flaw could give anyone access to your private photos, contacts without a PIN; here's how you can stop it

http://www.ibnlive.com/news/tech/major-ios-9-flaw-could-give-anyone-access-to-your-private-photos-contacts-without-a-pin-heres-how-you-can-stop-it-1110955.html

HC : Dismisses tax-audit due-date extension plea,refuses to enter 'policy' domain

HC dismisses petition filed by Chartered Accountant seeking extension of tax audit due date; Petitioner argued that assessees are entitled as a matter of 'right', to 180 days period for filing of return which in the instant case was being

Tax Audit Date Extension- Status of High Courts Appealsupdated till 21.09.2015

Tax Audit Date Extension- Status of High Courts Appeals- updated till 21.09.2015

In this article we have summarised the status of Writ Petition filed against non extension of Due date of Tax Audit and return filing for cases covered under Tax Audit Provisions, filed in various High

Bombay Chartered Accountants’ Society Referencer

https://www.bcasonline.org/reference.aspx

No penalty if income offered for taxation is equivalent to income returned pursuant to sec. 153A notice

In view of CBDT Instruction No. 1916 of 11-05-1994, gold jewellery of 471 grams found during course of search could reasonably be treated as streedhan of assessee's wife and would not be treated as undisclosed money

In view of CBDT Instruction No. 1916 of 11-05-1994, gold jewellery of 471 grams found during course of search could reasonably be treated as streedhan of assessee's wife and would not be treated

Gmail for Android gets 'Unsubscribe' feature; now easier for you to get rid of unwanted emails

http://www.ibnlive.com/news/tech/gmail-for-android-gets-unsubscribe-feature-now-easier-for-you-to-get-rid-of-unwanted-emails-1109654.html

Mukesh Ambani is India's richest, 12 newcomers to this year's Forbes India Rich List

http://www.ibnlive.com/news/india/mukesh-ambani-is-indias-richest-12-newcomers-to-this-years-forbes-india-rich-list-1110070.html

Deposit rules rolled back. Deposits from relatives of directors exempted

http://www.moneylife.in/article/deposit-rules-rolled-back-deposits-from-relatives-of-directors-exempted/43452.html

Kpmg ICAI first notes releases revised guidance on Internal Financial Controls

http://www.kpmg.com/IN/en/IssuesAndInsights/first-notes/Documents/ICAI-releases-revised-guidance-on-Internal-Financial-Controls-Over-Financial-Reporting.pdf

43 Accounting & Auditing Jobs in Singapore - Randstad

http://www.randstad.com.sg/jobs/accounting-auditing

AYURVEDIC TREATMENT FOR DENGUE

AYURVEDIC TREATMENT FOR DENGUE:
Take 10 Leaves of "Harshingar" Tree, and 8 Kaali Mirch crush kar lo, (Black Pepper), and boil it in 3 Glass of Water,

Income tax - Whether especially-designed ponds for rearing prawns are to be construed as 'Plant' within Sec 32 - YES: Supreme Court

NEW DELHI: THE issue before the Bench is - Whether especially-designed ponds for rearing prawns could be treated as 'plant' within Section 32 for the purpose of allowing depreciation thereon. YES is the answer.

Facts of the case

The assessee is engaged in the business of 'Aqua Culture' and grows prawns in specially designed

Search proceedings can't be initiated against an issuer of seized cheque

September 17, 2015[2015] 61 taxmann.com 60 (Ahmedabad - Trib.)

IT : When cheque issued by assessee to searched person was found from

'UPA awarded Aadhaar card projects over Rs.13,000 crore without tenders'

http://www.moneylife.in/article/upa-awarded-aadhaar-card-projects-over-rs13000-crore-without-tenders/43423.html

BCAS Referencer 2015-2016: Now AVAILABLE!

I-T department to use email for issuing notices

http://economictimes.indiatimes.com/news/economy/finance/i-t-department-to-use-email-for-issuing-notices/articleshow/49032244.cms

NEW DELHI: In welcome news for taxpayers, the IT department has decided to launch a new system of issuing email notices to which an assessee can respond electronically, obviating the need for a physical interface with the taxman which often led to complaints about harassment.

The Central Board of Direct Taxes, the apex policy-making body of the IT department, is working on a strategy to create the required processes and capacity in this regard.

"We have been thinking how can w ..

Read more at:
http://economictimes.indiatimes.com/articleshow/49032244.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Check genuineness of certificates issued by CAs: CVC to ICAI

http://economictimes.indiatimes.com/industry/services/consultancy-/-audit/check-genuineness-of-certificates-issued-by-cas-cvc-to-icai/articleshow/49031876.cms

ICAI SIRC DIRECTORY

http://www.sircoficai.org/downloads/Directory-Final-2015-16.pdf

Reliance communication introduces data card with life time benefit of 1gb/month at just Rs.3001

click here to know more

Revised Disclosure Formats under SEBI

http://www.sebi.gov.in/cms/sebi_data/attachdocs/1442406735417.pdf

Have you heard about Apple's new iPhone 6S? They are giving 3000 iPhone 6 for free for the grand launch. You can check it here:

Have you heard about Apple's new iPhone 6S? They are giving 3000 iPhone 6 for free for the grand launch. You can check it here:

Did Chidambaram Own and Make Black Money From Vasan Eye Care?

click here to know more

ST - Carpentry work involving different types of furniture items, modular partitions, fixation of false ceiling, painting of walls and ceilings cannot be classified under Interior decorator services: CESTAT

ST - Carpentry work involving different types of furniture items, modular partitions, fixation of false ceiling, painting of walls and ceilings cannot be classified under Interior decorator services: CESTAT 

MUMBAI : REVENUE alleges that during the period 1999-2003 the appellant undertook various activities like carpentry work involving different types of furniture items, modular partitions, fixation

ICAI issues guidance note on internal financial controls

http://icai.org/new_post.html?post_id=11919&c_id=219

No denial of registration to trust just because its incidental activities were profitable in nature

September 17, 2015[2015] 61 taxmann.com 59 (Hyderabad - Trib.)/[2015] 38 ITR(T) 195 (Hyderabad - Trib.)

IT : Where assessee's primary purpose remained advancement of objects of

The sub-Rs 4 lakh SUV-like Renault Kwid: 5 things that make it a worthy contender

http://www.ibnlive.com/news/auto/the-sub-rs-4-lakh-suv-like-renault-kwid-5-things-that-make-it-a-worthy-contender-1100938.html

7 essential Microsoft Excel tricks you should know

http://www.ibnlive.com/news/tech/7-essential-microsoft-excel-tricks-you-should-know-1097696.html

Vacancy for Industrial Trainee in HDFC life

Job Description

Designation: Industrial Trainee - Internal Audit



Qualification: Pursuing C.A



Experience:

• Candidates with IPCC both groups cleared.
• Candidates with 2 years of Articleship experience in a CA firm.
• Candidates completed with their 3 years Articleship training will not be eligible for this role.

Ola raises $225 million from Falcon Edge Capital, existing investors

Mumbai: Ola, India’s third most valuable Internet company, has raised around $225 million (Rs.1,478 crore) as part of a new funding round that could see the firm raise over $500 million, and is expected to be closed shortly.
The latest funding is led by existing investor Falcon Edge Capital. The New York-based hedge fund

Attrition rate soars at start-ups

Mumbai: The employee turnover rate across e-commerce and technology start-ups has soared to nearly double that of mature companies as employees switch jobs in search of even more generous pay packages and stock options.
An average of more than 30% of employees in mid-level positions at tech start-ups and e-commerce

Wall St. lower amid weak Chinese data; Fed meet eyed

http://news.lycos.com/business/wall-st-lower-amid-weak-chinese-data-fed-meet-eyed-02f718f0f9b2862771661efd6ce8e3e2/

CHECKLIST FOR EVERY COMPANY under Companies Act 2013

CHECKLIST FOR EVERY COMPANY

S. No.	Section	Subject Matter	Remarks
1.	168	Vacation of Office	Check Whether every Director attended in physical at least one Board Meeting with in period of 12 Month. If any director fails to attend A Board Meeting within period of 12 Month then he will be considered as vacant.