Monthly Archives: May 2017

ISA AT – New Syllabus, June 2017

By | May 13, 2017

Information System Audit – Assessment Test (ISA – AT) New Syllabus, June 2017 – (13-05-2017) Subject: Information System Audit – Assessment Test (ISA – AT) New Syllabus, June 2017 Members are hereby informed that the next Information Systems Audit (ISA) Course Assessment TestNew Syllabus which is open to the members of the Institute, will be… Read More »

USA IRS – e-News for Tax Professionals Issue 2017-19

By | May 13, 2017

Inside This Issue Nationwide Tax Forums: Bring Your Toughest Case Many Tax-Exempt Organizations Must File by May 15 YouTube: Preparing for Natural Disasters Technical Guidance   1.  Nationwide Tax Forums: Bring Your Toughest Case The Nationwide Tax Forums offer tax professionals with unresolved client cases the opportunity to meet face to face with IRS representatives in… Read More »

Category: USA

Deposit of Confiscated Notes (old Currency Notes) before 30.12.2016 allowed by Govt of India in RBI

By | May 13, 2017

MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 12th May, 2017 G.S.R. 460(E).— In exercise of the powers conferred by sub-section (1) of section 11, read with clause (c) of the proviso to section 5, of the Specified Bank Notes (Cessation of Liabilities) Act, 2017 (2 of 2017), the Central Government hereby… Read More »

No Leave travel concession u/s 10(5) for journey outside India : ITAT

By | May 12, 2017

Held On perusal of this section (Section 10(5) of Income tax act) , we are of the view that this provision was introduced in order to motivate the employees and also to encourage tourism in India and, therefore, the reimbursement of LTC/LFC was exempted, but there was no intention of the Legislature to allow the… Read More »

GST to have far reaching implications for Indian Economy – RBI Report

By | May 12, 2017

Today, the Reserve Bank of India (RBI) released the report entitled “State Finances: A Study of Budgets of 2016-17”, an annual publication that provides information, analysis and an assessment of the finances of state governments. It is the primary source for disaggregated state-wise fiscal data and delineates the changing dynamics of fiscal federalism over the… Read More »

Category: RBI

Appy Fizz to be classified as Health Drink under Kerala VAT

By | May 12, 2017

SUPREME COURT OF INDIA Parle Agro (P.) Ltd. v. Commissioner of Commercial Taxes, Trivandrum A.K. SIKRI AND ASHOK BHUSHAN, JJ. CIVIL APPEAL NOS. 6468 TO 6472 OF 2017 MAY  9, 2017 Aditya Bhattacharya, Victor Das, M.P. Devanath, L. Charanya and Ramesh Babu M.R., Advs. for the Appellant. G. Prakash, Jishnu M.L., Ms. Priyanka Prakash, Ms.… Read More »