New / Revised Standards on Auditing Revised SA 700, Forming an Opinion and Reporting on Financial Statements. New SA 701, Communicating Key Audit Matters in the Independent Auditor’s Report. Revised SA 705, Modifications to the Opinion in the Independent Auditor’s Report. Revised SA 706, Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent… Read More »
Tax on income from patent Section – 54, Finance Acts – 2016 has introduced new section 115BBF for tax on Income from patent After section 115BBE of the Income-tax Act, the following section shall be inserted with effect from the 1st day of April, 2017, namely:— 115BBF. Tax on income from patent.—(1) Where the total income… Read More »
Section 211 Income Tax : Advance Tax Due Dates Section 211 Income Tax is for Advance Tax Due Dates section 211 of the Income tax Act, Installments of advance tax and due dates [Note-1] (1) Advance tax on the current income calculated in the manner laid down in section 209 shall be payable by— a) all… Read More »
Punjab Value Added Tax Act, 2005 NOTIFICATION NO.GSR 28 [P.A.8/2005/S.70/AMD.(58)/2016], DATED 31-3-2016 In exercise of the powers conferred by sub-section (1) of section 70. of the Punjab Value Added Tax Act, 2005 (Punjab Act No. 8 of 2005), and all other powers enabling him in this behalf, the Governor of Punjab is pleased to make… Read More »
INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY OF INDIA NOTIFICATION Hyderabad, the 7th April, 2016 Insurance Regulatory and Development Authority of India (Assets, Liabilities, and Solvency Margin of General Insurance Business) Regulations, 2016 F. No. IRDAI/Reg/7/119/2016- In exercise of the powers conferred by clauses (y), (z), (za) and (zab) of sub- section (2) of section 114A read with… Read More »
Press Information Bureau Government of India Ministry of Urban Development 17-May-2016 17:16 IST States asked to convert 3,784 urban areas into statutory Urban Local Bodies Statutory ULBs lead to planned urban development, enhanced revenues ; entitled to Central assistance W.Bengal has 780 Census Towns, Kerala-461, Tamil Nadu-376, Maharashtra-279, UP-267, MP-112 Ministry of Urban Development has… Read More »
Press Information Bureau Government of India Ministry of Labour & Employment 17-May-2016 19:30 IST Rehabilitation of Bonded Labourer Scheme – 2016 to be Made Central Sector Scheme Revised Scheme Proposes Increase in Quantum of Financial Assistance Annual Budget Raised from Rs.5 Crore to Rs.47 Crore; Cash Assistance from Rs. 20,000 to Rs. One Lakh Cash… Read More »
Service Tax Payable under section 66B of the Finance Act 1994 on the services provided by the specified organisations as defined in clause (zfa) of paragraph 2 of notification mo 25/2012 -service tax in respect of religious pilgrimage faciliated by the ministry of External affairs of the Govt of India under Bilateral Agreement from the… Read More »
Draft National Policy for Women, 2016 WCD Minister Smt Maneka Gandhi releases Draft National Policy for Women, 2016 for consultation Union WCD Minister Smt Maneka Sanjay Gandhi released the draft National Policy for Women, 2016 for stakeholder comments and consultations. Releasing the draft policy at a press conference in New Delhi, the Minister stated that… Read More »