Community & General News

New thought paper released by IFAC tears down the risk management silo

01 June 2015 at 10:25

With the increased volatility in the modern business environment and continuing effects of the financial and economic crises, effective management of risk in organizations�including good internal control�has taken on even greater importan

Posted in Community & General | 9564 Views

Draft scheme of the proposed rules for computation of arm length price

23 May 2015 at 16:21

Draft Scheme of the Proposed Rules for Computation of Arm Length Price (ALP) of an International Transaction or Specified Domestic Transaction Uploaded on Finance Ministry’s Website for Comments and Suggestions by 31st May, 2015 The Finance (N

Posted in Community & General | 1 comments | 12627 Views

Finance Bill 2015 approved by President of India

18 May 2015 at 17:46

Finance Bill 2015 approved by President of IndiaPlease refer to the attached file for details

Posted in Community & General | 2 comments | 18108 Views

Instruction for imposition of MAT on FII

14 May 2015 at 11:05

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE 11th May, 2015 Sub: Imposition of Minimum Alternate Tax (MAT) on foreign companies particularly FIIs. Finance Minister has, while responding to

Posted in Community & General | 9945 Views

Approval to amend the Benami Transactions (Prohibition) Act, 1988

14 May 2015 at 11:05

As a sequel to the announcement in the Budget, the Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given its approval to amend the Benami Transactions (Prohibition) Act, 1988 by moving of the Benami Transactions (Prohibition) (Am

Posted in Community & General | 3 comments | 9849 Views

SIT recommends making tax evasion a crime

13 May 2015 at 10:32

In Chapter III of Second SIT report, the SIT has recommended as under: “Financial Action Task Force (FATF) on money laundering recommends ‘tax crimes’ to be made a predicate offence so that action can be taken under Prevention of Mo

Posted in Community & General | 1 comments | 8331 Views

Special Examination in Kathmandu (Nepal)

07 May 2015 at 17:58

TO BE PUBLISHED IN PART III SECTION 4 OF THE GAZETTE OF INDIA NOTIFICATION 6 th May, 2015 No. 13-CA (EXAM)/M/2015/I: - In continuation to the Institute�s Notification No. 13-CA (EXAM)/M/2015 dated 20th January, 2015, it is notified for the gene

Posted in Community & General | 1 comments | 13971 Views

Harder days for those involved in illegal money abroad says FM

02 May 2015 at 11:15

FM: Harder Days for those Involved in Illegal and Illicit Transfer of Money Across the Border; Various Steps Taken by the Present Government to Squeeze the Black Money Including Undisclosed Assets Within and Outside the Country The Union Finance Min

Posted in Community & General | 3 comments | 13287 Views

CBDT fast tracks applications by trusts for Nepal earthquake

29 April 2015 at 17:18

Central Board of Direct Taxes (CBDT) Decides to Fast Track All Applications Made by Voluntary Organisations/Trusts for Rendering Help to the Victims of Earthquake in Nepal All Such Applications to be Processed Within Two Working Days of Receiving the

Posted in Community & General | 3 comments | 11406 Views

CBDT to Settle FIIs Claims Under DTAA Provisions Within one Month Period

28 April 2015 at 12:38

It has come to the notice of the Board that several Foreign Institutional Investors (FIIs) receiving income from transactions in securities claim such income as exempt from tax under the Income Tax Act, 1961(�the Act�) by availing benefit

Posted in Community & General | 1 comments | 9318 Views