Daily Archives: November 2, 2016

Indexation benefit from period asset was first held by previous owner ITAT

By | November 2, 2016

IN THE ITAT VISAKHAPATNAM BENCH Income-tax Officer, Ward-1(2), Guntur v. Padarti Venkata Rama Chandra Rao V. DURGA RAO, JUDICIAL MEMBER AND G. MANJUNATHA, ACCOUNTANT MEMBER IT APPEAL NO. 216 (VIZAG.) OF 2012 [ASSESSMENT YEAR 2009-10] SEPTEMBER  16, 2016 M.N. Murthy Naik, DR for the Appellant. G.V.N. Hari, AR for the Respondent. ORDER G. Manjunatha, Accountant… Read More »

ISA AT December 2016 Exam Announcement by ICAI

By | November 2, 2016

2nd November, 2016 IMPORTANT ANNOUNCEMENT Subject: Information System Audit – Assessment Test (ISA – AT), December 2016 Members are hereby informed that the next Information Systems Audit (ISA) Course Assessment Test (Old as well as New Syllabus) (which is open to the members of the Institute) will be held on 24th December, 2016 (Saturday) from… Read More »

Observations of candidates on question papers of CA Nov 16 exam

By | November 2, 2016

Observations of the candidates on the question papers of CA examinations-November, 2016. – (01-11-2016) 1st November, 2016 It is hereby informed that candidates can bring to the notice of the Examination Department, their observations, if any, on the question papers relating to CA Examinations being held in November 2016, by e-mail at examfeedback@icai.in or by… Read More »

Cess plan could mean 10 different GST rates

By | November 2, 2016

To ensure that the tax incidence on products like cigarettes, tobacco products and luxury commodities doesn’t decline under the GST regime, the Finance Ministry has proposed differential cess rates to be levied over and above the highest tax rate of 26 per cent for such products. For instance, cigarettes, currently taxed at 53 per cent,… Read More »

Category: GST

Centre withheld info on GST from states

By | November 2, 2016

West Bengal Finance Minister Amit Mitra has accused the Centre of withholding crucial information pertaining to service taxpayer base from states, highlighting yet another sign of growing trust deficit between the Union government and the states on the implementation of the Goods and Services Tax (GST). In a letter addressed to Finance Minister Arun Jaitley,… Read More »

Category: GST

Assocham opposes cess in GST

By | November 2, 2016

Assocham opposes cess in GST Health activists today said the proposed 2 6 per cent sin rate on tobacco will negatively impact revenue and public health and the tax rate on tobacco products should not be below 4 0 per cent. India has the second largest number of tobacco users (2 7 5 million or… Read More »

Category: GST

Raise tobacco tax under GST

By | November 2, 2016

Health activists today said the proposed 2 6 per cent sin rate on tobacco will negatively impact revenue and public health and the tax rate on tobacco products should not be below 4 0 per cent. India has the second largest number of tobacco users (2 7 5 million or 3 5 pc of all… Read More »

Category: GST