PANs and reporting of cash transactions The Central Board of Direct Taxes issued guidance with respect to permanent account numbers (PANs) reflecting the links to bank accounts with PAN/Form No. 60. The rules were also amended to provide details of bank accounts in which cash deposits were made during the demonetisation period and making this… Read More »
Foreign tax credit allowed on basis of gross receipts The Ahmedabad Bench of the Income-tax Tribunal held that the foreign tax credit is applicable with respect to “ income ”—and not “gross receipts.” However, the tribunal allowed the taxpayer’s claim for foreign tax credit on the basis of “ gross receipts. ” The case is:… Read More »
Depreciation on goodwill The Ahmedabad Bench of Income Tax Appellate Tribunal allowed the taxpayer’s claim of depreciation on goodwill under Section 32 of the Income-tax Act, 1961 (even though the claim was not made by the taxpayer on an amended return, but was made during the course of assessment proceedings). The case is: Zydus Wellness… Read More »
Difference in EPFO ESIC registered employee Difference in EPFO ESIC registered employee membership. EPFO to conduct meetings with employers to bring employees under coverage Employees Provident Fund Organisation MINISTRY OF LABOUR & EMPLOYMENT GOVERNMENT OF INDIA Bhavishya Nidhi Bhawan, 14-Bhikaji Cama Place, New Delhi-110066 No.CAIU/011(67)2016/EPFO-ESICDATA/17617 Dated: 16/01/2017 To All RPFCs (In charge of Regions/SROs) Sub:… Read More »
Employees Provident Fund Organisation No. C-I/4(1)2017/Enrolment Campaign Date 17.01.2017 Subject: Employees Enrolment Campaign 2017 from 01.01.2017 to 31.03.2017 Related Post on Employees Enrolment Campaign 2017
Clarification on Indirect Transfer provision under the Income Tax Act, 1961 Circular No. 41/2016 was issued on 21 December, 2016 which dealt with clarification on Indirect Transfer provisions. After the issue of the aforementioned circular, representations have been received from various FPIs, FIIs, VCFs and other stakeholders. The stakeholders have presented their concerns stating… Read More »
Insolvency and Bankruptcy Board of India invite public comments on draft regulations on Information Utilities. The Ministry of Corporate Affairs had set up four Working Groups to facilitate implementation of the Insolvency and Bankruptcy Code, 2016. The Working Group- 4 had a mandate to deliberate and submit its recommendations on rules, regulations and other related… Read More »
CA Final November 2016 Pass Percentage The results of the Chartered Accountants Final Examination, November 2016 declared by ICAI on 17.01.2017 . The details of percentage of candidates passed in the above examination is given below: Pass Percentage CA Final November 2016 Candidates applied for No. of candidates appeared No. of candidates passed % of… Read More »
Result Notification – CPT December 2016 – (17-01-2017) Western Southern Eastern Central Northern Overseas
CA Final Result Notification – Nov 2016 – (17-01-2017) Western Southern Eastern Central Northern Overseas