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Video Lectures on Insolvency and Bankruptcy Code 2016

 Insolvency and Bankruptcy Code 2016 Video Lectures -1 on Insolvency and Bankruptcy Code 2016 Video Lecture 2A on Insolvency and Bankruptcy Code 2016 Video Lecture 2B on Insolvency and Bankruptcy Code 2016 Video Lecture 2C on Insolvency and Bankruptcy Code 2016 Video Lecture 2D on Insolvency and Bankruptcy Code 2016 Video Lecture 3A on Insolvency… Read More »

The Citizenship (Amendment) Bill 2016 -Video Discussion

The Citizenship (Amendment) Bill 2016 Published on Oct 28, 2016 Hindus, Jains, Sikhs, Buddhists, Parsi, and Christian community members who are minorities in Afghanistan, Pakistan and Bangladesh may become Indian citizenship more easily. The citizenship amendment bill 2016 empowers and simplifies the stringent criteria granting citizenship to group. Now the proposals will enable them to… Read More »

CA Exam -How to get certified copies / inspection of evaluated answer books ? FAQ

How to get Certified copies/inspection of evaluated answer books of CA Exam Frequently Asked Questions on, supply of certified copies/inspection of evaluated answer books Please note that this paper is merely an attempt to provide answers to questions on the subject, posed to us, by the candidates from time to time, to the extent possible… Read More »

Service Tax Exemption – notification No. 25/2012-ST Amended

Seeks to amend notification No. 25/2012-ST dated 20.06.2012 so as to (i) withdraw the exemption from service tax for services provided or agreed to be provided by a person located in non-taxable territory to a person located in non-taxable territory by way of transportation of goods by a vessel from a place outside India up… Read More »

MVAT- Date Extended for Audit Report in Form e-704 -2015-16

Office of the Commissioner of Sales Tax 8th floor, Vikrikar Bhavan, Mazgaon, Mumbai 400 010. TRADE CIRCULAR No.VAT/MMB- 2015/72/Adm -8  Trade Circular No. 3 T of 2017 Mumbai, dated:- 11/01/2017 Sub: Filing of the VAT Audit Report in Form 704 for year 2015-16. Ref: Letter received from FD No. VAT 1517/CR 1/Taxation-1 dated 11.01.2017. Section… Read More »

SPICe ( INC-32 ) FAQ’s

SPICe (INC-32) Vide the Companies (Incorporation) Amendment Fifth Rules, 2016 dated 29th December 2016, INC-2 is deprecated and INC-7 shall be used for incorporating Part I Companies and companies with more than seven subscribers only. The revised INC-7 shall be made available on the portal for filing purposes w.e.f 15th January 2017. For incorporating OPCs… Read More »

GST #Issue11 Manufacturer under Revised GST Law from Repealed Act ?

Manufacturer under Revised Model GST Law, Definition of Manufacturer under Revised Model GST Law Section 2(63) of the Revised Model GST Law provides that :- (63) “manufacturer” shall have the meaning assigned to it by the Central Excise Act, 1944 (1 of 1944); Revised Model GST Law, :Repeal and saving Further, Section 164 of the Revised Model GST… Read More »

m-Parivahan App – Check details of car and owner

m-Parivahan Ministry of Road Transport and Highways will launch mobile apps  m-Parivahan –  during the week  from 9th to 15th January 2017. m-Parivahan is a citizen centric app that will facilitate access to various transport related services. The app provides for virtual driving license and registration certificate through back end connection to Transport National Register. … Read More »

Indian Govt. amends rules for Special Economic Zone

SPECIAL ECONOMIC ZONES (AMENDMENT) RULES, 2016 – SUBSTITUTION OF RULE 5A NOTIFICATION NO. GSR 2(E) [F.NO.C.2/1/2016-SEZ], DATED 26-12-2016 In exercise of the powers conferred by section 55 of the Special Economic Zones Act, 2005 (28 of 2005), the Central Government hereby makes the following rules further to amend the Special Economic Zones Rules, 2006, namely:—… Read More »

Registration & Submission of Form V for Reporting under Pradhan Mantri Garib Kalvan Deposit Scheme

DGIT(S)-ADG(S)-2/e-filing notification/106/2016 Government of India  Ministry of Finance Central Board-of Direct Taxes Directorate of Income Tax (Systems) Notification No. 14 of 2016 New Delhi, 30thDecember, 2016 Procedure for Registration and Submission of Form V for Reporting under Pradhan Mantri Garib Kalvan Deposit Scheme (PMGK), 2016 In exercise of the powers conferred by Subsection (c) of… Read More »

Do’s and Dont’s for CA’s – Recent Decisions of Ethical Standards Board of ICAI

Recent Decisions of Ethical Standards Board of ICAI for Chartered Accountants A chartered accountants in practice cannot become Financial Advisors and receive fees/commission from Financial Institutions such as Mutual Funds, Insurance Companies, NBFCs etc. A chartered accountant cannot exercise lien over the client documents/records for non-payment of his fees. It is not permissible for CA… Read More »

Railways -5% Discount for booking of Retiring Room through digital means

Indian Railways Measures to Promote Digital Payments In pursuance of this announcement made by Government of India for promotion of  Digital & Cashless Economy, Ministry of Railways has initiated some additional following package of incentives and measures. This shall be made effective from 1st January 2017. 1.      Ministry of Railways has decided to instruct Yatri… Read More »

Reserve Bank of India -RBI offices in India

The Reserve Bank of India has offices at 31 locations. 1. SRINAGAR Reserve Bank of India, Srinagar office, Amir Manzil, 1-C, Rajbagh, Srinagar(Jammu and Kashmir)190 008 Tel No. 0194-2312685, 2312899 Fax No. 0194- 2454249 2. JAMMU [The Jurisdiction of this RBI office is the State of Jammu & Kashmir ] Rail Head Complex, Jammu –… Read More »

Govt proposed jail to people holding old notes

 Holding demonetized notes of Rs 5,00 and 1,000 ? Govt of India to bring Ordinance The Union Cabinet has approved an ordinance to impose penalty and a jail term for people holding demonetized notes of Rs 5,00 and 1,000. Only specified category of people will be allowed to keep demonetized notes. However, anyone can possess… Read More »

Identity Certificate Format for Passport for Govt Employees , Spouse , Children < 18 years

As per the new Passport Amendment Rules 2016 Notified by Govt of India in 23.12.2016 ANNEXURE ‘A’ ALL CENTRAL GOVERNMENT EMPLOYEES, STATE GOVERNMENT EMPLOYEES, EMPLOYEES OF STATUTORY BODIES AND PUBLIC SECTOR UNDERTAKINGS, THEIR SPOUSE AND CHILDREN UPTO THE AGE OF 18 YEARS ARE REQUIRED TO PRODUCE AN IDENTITY CERTIFICATE (STRIKE OUT OPTIONS THAT ARE NOT… Read More »

Drafting, Pleading And Conveyancing- Book

Drafting, Pleading And Conveyancing It deals with the principles of and procedure for drafting various notices, plaints, written statements, civil applications, marriage petitions, petitions under succession law, consumer law, criminal complaints and applications, appeal and revision and writ petitions. Link to Buy Drafting, Pleading And Conveyancing Paperback: 570 pages Publisher: Lexis Nexis; First edition (28 September… Read More »

Demonetization impact on Audit Report for FY 2016-17

 Demonetization impact on Audit Report for FY 2016-17 In one of the historical reforms of the economy of India, Rs 500 and Rs 1,000 notes were banned effective from Tuesday midnight i.e on midnight of 08.11.2016 Demonetization impact on Audit Report : Notifications of Govt of India Before Audit , Auditor needs to have read… Read More »

Press in India Report 2015-16 -Key highlights -Know What India is reading

Press in India Report 2015-16 Shri Naidu  released the Press in India Report 2015-16 prepared by Registrar of Newspapers of India. on 22.12.2016 The highlights of the Press in India Report is given below: 1 The Total Number of Registered Publications i)       Newspaper category (Daily, Tri/Bi-weekly periodicities) ii)    Periodicals category (other periodicities) 1,10,851 16,136 94,715… Read More »

Know how to transact using UPI apps (English Video)

Know how to transact using UPI apps (English) Did you know that the you can pay with your name! Create your Virtual Payment Address (VPA) (eg. yourname@abcbank) on any Unified Payments Interface (UPI) app of your choice and start transacting today. [Related Post How to do Cashless Transactions -SBI Pay App- Payment without cash] Now You… Read More »

TDS not deducted on Payment to Non Resident – Notice to be issued in Reasonable time

Facts of the Case In engaging the non- resident entities for interconnections, some charges were accrued – which were paid by the Petitioner to those foreign entities.. The respondents issued the Show Cause Notice dated 31.03.2011, for the period F.Y. 2001-2002 to 2010-2011, to the Petitioner asking it to show cause as to why it… Read More »

BSNL Ahmedabad tender for hiring CA / Cost Accountants /Tax practitioners

E O I for hiring of Tax consultancy service and Auditing Work by Chartered Accountant/Cost Accountant for VAT, CST, WCT ,SERVICE TAX,INPUT CREDIT,CENVAT AND GST related works in B S N L Gujarat Telecom Circle for one year. Time and date of depositing of Tender / bid document.  14:00 Hrs of 27/12/2016 Tax consultancy services… Read More »

PM: No scrutiny of deposits made before Nov 8 , 2016

Ever since the scrapping of old 500 and 1,000 rupee notes, the govt has repeatedly said that the honest need not worry. Prime Minister Narendra Modi has re-iterated that accounts of the poor will not be scrutinised prior to the demonetisation announcement date of the 8th of November and instructions have been issued to officials… Read More »

Form 1 PMGKY 2016 -Download /Print

Form 1 PMGKY 2016 [ Form 1 under Pradhan Mantri Garib Kalyan Yojana 2016 ] The Central Board of Direct Taxes has notified the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016. Under this, any person can declare income in the form of cash or deposit in an account maintained with specified entity. Form… Read More »

ESIC introduces new Scheme to promote Registration of Employers/Employees

ESIC introduces a new Scheme to promote Registration of Employers/Employees The ESI Corporation has taken some very important decisions towards extending the Social Security cover of ESI Scheme to whole of India and for medical care for serving the workers.  Shri Bandaru Dattatreya, the Minister of State for Labour and Employment (Independent Charge), Govt. of… Read More »

Currency Notes printed for RBI held as goods , liable for VAT /Entry Tax

Currency notes printed by the petitioner are not currency notes until they are notified by the Reserve Bank of India under section 22 of the R.B.I Act and before that the petitioner is indulged in printing and selling of goods to the R.B.I, therefore, in all respect is dealer Petitioner is only engaged in printing… Read More »

Eligibility Criteria to become Insolvency Professional

Eligibility Criteria to become Insolvency Professional For Chartered Accountants to become Insolvency Professional An individual shall be eligible to be registered for a limited period (as per Regulation 9 of the said Regulations) as an insolvency professional if he has been ‘in practice’ for a minimum period of fifteen years as a chartered accountant enrolled… Read More »