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Monday, January 9, 2017

Vacancy for CA in Kotak Mahindra

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Amendment in Rates of Depreciation u/s 32(1)(ii)


December 30, 2016
CBDT curbs the depreciation rates u/s 32
Notification No. 103/2016 dated 7th November, 2016
An important amendment was recently notified by the CBDT which can have wide ramifications but which has not been talked about much in the press. This tax alert explains the changes and their impact.
The CBDT issued a Notification No. 103/2016 on 7th November, 2016 reducing the rates of depreciation under section 32(1)(ii) of the Income-tax Act, 1961 (“Act”) retrospectively from 1st April, 2016 (i.e. for the current

Extension of last date for compliance of CPE Hours requirement for the year 2016 (ending block period 2014-2016) - from 31st December 2016 to 31st January 2017.

A. All the members (aged less than 60 years) who are holding Certificate of Practice (except all those members who are residing abroad) are required to:
a) Complete at least 90 CPE credit hours in a rolling period of three-years.
b) Complete minimum 20 CPE credit hours of structured learning in each calendar year.
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