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Posted Date : 29-Sep-2015 , 09:51:22 am | Posted By CASANSAAR
The Karnataka High Court on Monday directed the Chairman of the Central Board of Direct Taxes (CBDT) to consider by September 29 a representation by Karnataka Chartered Accountants’ Association (KCCA) for extending the deadline to file income tax returns for certain categories of tax payers, s...
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Posted Date : 29-Sep-2015 , 09:40:15 am | Posted By CASANSAAR
Internet blockade has sparked off a major controversy in Jammu and Kashmir at a time when Prime Minister Narendra Modiis pushing for the digital India in the United States. From tourism to industry to health care, Jammu and Kashmir has suffered huge losses as Mufti...
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Posted Date : 28-Sep-2015 , 08:35:44 pm | Posted By CASANSAAR
The Delhi High Court today agreed to hear a PIL challenging the constitutional validity of Article 370 that gives special status to Jammu and Kashmir. A bench of Chief Justice G Rohini and Justice Jayant Nath posted for October 19, the hearing on a plea by a 22-year-old girl who contended that Ar...
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Posted Date : 28-Sep-2015 , 07:05:16 pm | Posted By CASANSAAR
HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 28TH DAY OF SEPTEMBER, 2015 Writ Petition Nos. 41109 and 41110 of 2015 (T- IT-PIL) 1. Karnataka State Chartered Accountants Association 2. Sri.Raveendra S.Kore Vs. 1. Union of India 2. Central Board of Direct Taxes These...
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Posted Date : 28-Sep-2015 , 05:19:55 pm | Posted By CASANSAAR
Summary of the moves for the Extention of Date u/s 44AB:- 1. Punjab & Haryana HC - Vishal Garg & Ors. Vs. Union of India & Anr (CWP-19770/2015) Argument over and order on 29/09/2015, 10 am 2. Gujarat HC - All Gujarat Federation of Tax Consultants (AGFTC) vs Ce...
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Posted Date : 28-Sep-2015 , 11:27:15 am | Posted By CASANSAAR
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 28th September, 2015 It has been brought to the notice of the Government that a fake order dated 26th September 2015 supposedly under section 119 of the Inc...
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Posted Date : 28-Sep-2015 , 09:10:53 am | Posted By CASANSAAR
Notification is fake for the following reasons :- 1. Confirmed with CBDT officials and they denied issue of any such Notifications. 2. Checked the official Websites of Income Tax, Government of India and Finance ministry and have not found any such notification, Order or announcement. 3. In...
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Posted Date : 28-Sep-2015 , 08:51:57 am | Posted By CASANSAAR
In an industry-first, two regulators - the over 60-year-old Forward Markets Commission (FMC) and capital markets watchdog Sebi - will be merged to create a unified regulatory body. The move will streamline regulation and curb wild speculations in commodities market, while facilitating further m...
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Posted Date : 28-Sep-2015 , 08:45:54 am | Posted By CASANSAAR
Those earning Rs 4 lakh per annum, besides people in tier-II and tier-III cities with taxable income but not paying taxes are on the radar of the Income Tax department which has launched an ambitious drive to net one crore new assesses this financial year. The Central Board of Direct Taxes (CBDT)...
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Posted Date : 27-Sep-2015 , 10:25:19 pm | Posted By CASANSAAR
CBDT extends the Due Date for Tax Audit Reports from 30th Sept. to 15th Oct.2015. This Message is going viral in Whatsapp Group and still no confirmation from CBDT or Finance Ministry. Plz find enclosed the Notification but wheather its correct or not. Will confirm and update. It may be f...
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Posted Date : 27-Sep-2015 , 02:51:40 pm | Posted By CASANSAAR
Total Number of Members (CC & RC) to be elected from each Regional Constituency:- Western India Regional Constituency (WIRC) Central Council (CC) :- 11 Regional Council (RC) :- 22 Southern India Regional Constituency (SIRC) Central Council (CC) :- 06 Regional Counci...
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Posted Date : 27-Sep-2015 , 02:28:09 pm | Posted By CASANSAAR
ICAI ELECTION 2015 Questions/Queries received and clarifications provided by the Election Cell on Election Code of Conduct/Procedure. The queries generally received by the Election Cell of the Institute along with the replies given, without disclosing the identity of the querist is give...
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Posted Date : 27-Sep-2015 , 01:13:32 pm | Posted By CASANSAAR
Numbers of Nominations received till the last date and time of receipt of nominations i.e. 6.00 P.M. of 24th September, 2015. Details of region-wise members whose nominations have been received, within the appointed time and date i.e. 6.00 p.m. on 24th September, 2015 at the designated location, ...
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Posted Date : 27-Sep-2015 , 09:51:54 am | Posted By CASANSAAR
Almost 12 years after it was first suggested, the Securities and Exchange Board of India (Sebi) will complete the merger of Forward Markets Commission (FMC) with itself on Monday. This will bring the commodities derivatives market and its brokers under Sebi norms and integrate the commodities d...
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Posted Date : 26-Sep-2015 , 08:06:13 pm | Posted By CASANSAAR
Residents and the business community in Jammu today flayed the state government's move to snap internet connection in the region, along with the Kashmir Valley, saying that it had affected them badly. "My business has come to a complete halt for the last two days, I have faced a huge los...
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Posted Date : 26-Sep-2015 , 10:46:29 am | Posted By CASANSAAR
Summary of the moves for the Extention of Date u/s 44AB:- 1.Bombay HC - Chamber of Tax Consultants Vs. Union of India & Ors (WP-2764/2015) Adjourned to 29-09-2015 2. Orissa HC - Jagdish Prasad Mittal Vs. Union of India & Ors. (WP-17178/2015) Adjourned to 2...
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Posted Date : 25-Sep-2015 , 08:35:15 am | Posted By CASANSAAR
CBDT has updated the tax audit utility today by updating utilities for form 3CA CD, form 3CB CD and form 10 B. So please take care and in case you are using tax filling software ask your vendor to update software. As per version 1.3 documents section 194DA has been added in drop down. ...
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Posted Date : 25-Sep-2015 , 08:07:57 am | Posted By CASANSAAR
The Reserve Bank of India has asked concurrent auditors of commercial banks to do to submit their review of non-performing loans directly to the banks and discontinue the practice of submitting it to the statutory auditors who conduct quarterly and half yearly review of bank accounts. Concu...
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Posted Date : 25-Sep-2015 , 08:03:42 am | Posted By CASANSAAR
Nearly 97 per cent of employees and officers of Income Tax department would observe a nation-wide strike on October eight to press for filling up of vacant posts. The Joint Council of Action of Income Tax Associations, an umbrella body of Income Tax employees and officers, said that targetted t...
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Posted Date : 25-Sep-2015 , 12:02:15 am | Posted By CASANSAAR
As part of efforts to popularise the electronic mode of filing Income Tax Returns (ITRs), the CBDT is planning to provide “pre-filled” return forms to filers which will have an automatic upload of data on income and other vitals of a taxpayer. The apex policy-making body of the I-T ...
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Posted Date : 24-Sep-2015 , 11:54:50 pm | Posted By CASANSAAR
In a bid to encourage disclosure of undeclared assets held abroad, the Reserve Bank of India today said no action under FEMA will be taken against declarations under one-time compliance window ending on Wednesday. “No proceedings shall lie under the Foreign Exchange Management Act, 1999 (...
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Posted Date : 24-Sep-2015 , 11:42:46 pm | Posted By CASANSAAR
The government has exempted foreign companies from paying Minimum Alternate Tax (MAT) retrospectively from April 2001, provided they did not have a permanent establishment in India. A press release issued by Finance Minister said, the provisions of Section 115JB of Income Tax will not apply...
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Posted Date : 24-Sep-2015 , 06:55:45 am | Posted By CASANSAAR
Facts: a) The petitioner claims to be entitled to extension of due date of filing income-tax return (‘ITR’) (i.e., September 30, 2015) due to the delay on the part of the respondents in prescribing the ITR forms. b) It was contended that the said forms were prescribed only vid...
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Posted Date : 23-Sep-2015 , 09:14:15 pm | Posted By CASANSAAR
1. PUNJAB & HARYANA HIGH COURT Writ petition filed in Punjab & Haryana High Court (Chandigarh). Next Hearng will be on 24th September, 2015. 2. GUJARAT HIGH COURT Writ petition filed in Gujrat High Court (Ahembdabad). Next Hearng will be on 24th Septe...
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Posted Date : 23-Sep-2015 , 08:17:16 am | Posted By CASANSAAR
The finance ministry is gung-ho about revenue collections, but dissatisfied income tax (I-T) officials might spoil the party. The officials are up in arms over the lack of "infrastructure facilities" and pending vacant positions. They have threatened to go on a half-day...
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Posted Date : 23-Sep-2015 , 08:12:49 am | Posted By CASANSAAR
The finance ministry has decided to invite suggestions from the public for 2016-17 Budget in its bid to make the exercise more broad-based. The suggestions can be posted on http://mygov.nic.in portal. "The ministry of finance has decided to invite suggestions for the Bu...
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Posted Date : 23-Sep-2015 , 07:53:17 am | Posted By CASANSAAR
CA. Manoj Fadnis, President, ICAI, CA. Anuj Goyal, Chairman, Professional Development Committee, along with Chairman, Direct Taxes Committee , Vice-Chairman, Direct Taxes Committee , Vice Chairman, Committee on International Taxation, met and represented before Hon’ble Finance Minister Shri Ar...
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Posted Date : 22-Sep-2015 , 08:44:41 am | Posted By CASANSAAR
GUJARAT HIGH COURT Notice issued to CBDT, Next Date of Hearing Fixed for 24th September 2015. PUNJAB & HARYANA HIGH COURT HC directed the department counsel to Seek instructions from the CBDT for extension of date. Matter now fixed for 24th Sept. 2015. RAJASTHAN HI...
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Posted Date : 22-Sep-2015 , 08:30:00 am | Posted By CASANSAAR
Chartered accountants are a worried lot. With Central Board for Direct Taxes refusing to extend the September 30 deadline for filing returns in case of tax audit, the Institute of Chartered Accountants of India has decided to move the finance ministry seeking relief. Manoj Fadnis, president, IC...
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Posted Date : 22-Sep-2015 , 08:12:10 am | Posted By CASANSAAR
Every message that you send--be it through WhatsApp, SMS, Email or any such service--must be mandatorily stored in plain text format for 90 days and made available on demand to security agencies under a draft New Encryption Policy that has triggered privacy concerns. Legal action that...
Continue Reading... Category : General | Comments : 1 | Hits : 1253
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