Taxclick TeamTaxclick Team

This is the team of the finance profession who, update the site on daily basis. The team is also responsible for giving the update as earliest and also give the timely reply to the quires asked by the visitors. The team can be reached at info@taxclick.org.

HUF or its Karta cannot become partner or designated partner in LLP

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General Circular No. 2/2016 F.No.1/13/2012 CL-V Government of India Ministry of Corporate Affairs ******* 5th Floor, ‘A’ Wing, Shastri Bhavan Dr. R.P.Road, New Delhi-110001 Dated: 15th January, 2016 All the RDs, All the ROCs/OLs All stakeholders, Subject: Whether Hindu Undivided Family (HUF)/ its Karta can become partner/Designated Partner (DP) in Limited Liability Partnership (LLP). Sir, … Read more

ICAI elected CA. M. Devaraja Reddy as the President and CA. Nilesh S. Vikamsey as the Vice-President for year 2016-17

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ICAI elects New Torch-Bearers for the year 2016-17 The Institute of Chartered Accountants of India (ICAI) is a statutory body established by the Chartered Accountants Act, 1949 for the regulation of the profession of Chartered Accountants in India. The affairs of the ICAI are managed by a Council in accordance with the provisions of the … Read more

Empanelment of CAs firm for conducting internal audit of various offices in UHBVNL

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EXPRESSION OF INTEREST UHBVNL , a power distribution utility registered under Company Act 1956 in Haryana, invites Expression of Interest for empanelment of Audit firms in two parts (Part-1 Technical Bid & Part-II Price Bid) through e- tendering from CAG empanelled Chartered Accountants firms for internal audit of various offices ( Operation/Construction/M&P/MM etc.) of the … Read more

Proposal for concurrent audit for State Health Society, UP

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SELECTION OF STATE CONCURRENT AUDITOR – REQUEST FOR PROPOSAL Hiring Services of Chartered Accountant Firm For Concurrent Audit of State Health Society (SHS) for the F.Y. 2016-17 State Health Society, NHM, U.P. invites “Technical Bids” and “Financial Proposals” from firms of Chartered Accountants which meet all the conditions in the eligibility criteria listed below, for … Read more

Guidelines to grant refunds claimed in Form e-501

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8th floor, Vikrikar Bhavan Mazgaon , Mumbai-400010. TRADE CIRCULAR To, ………………………… ………………………… NO.VAT/ Refund/ AC ST(VAT-2)/87                                                                                   Mumbai, Dated: – 06/02/2016 Trade circular.No.5T of 2016 Sub: Grant of Refunds under VAT – Guidelines to grant refunds claimed in Form e-501 and assessment thereof on priority Ref: – Trade Circular No. 22T of 2010, Dated 05/10/2010 Gentleman/ … Read more

Budget recommendations by justice R V Easwar committee

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Recommendations to check or curb litigation/facilitate speedier disposal Amendments to provide that in cases where shares are shown as capital assets and held for one year or less, the Assessing Officer will not re-characterise the surplus on sale as business income, provided the surplus in a year is rupees five lakhs or less; in case … Read more

Manner of Signing of Certificates by Chartered Accountants

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Announcement The Council of the Institute of Chartered Accountants of India (ICAI), at its 349th meeting held on 17th and 18th January, 2016 considered an issue relating to manner of signing of certificates by Chartered Accountants. The Council noted that presently different practices were in vogue in respect of the manner of signing of various … Read more

Steps taken by Income Tax Department for safeguarding taxpayers from Phishing emails

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The Income Tax Department has been at the forefront of using technology in implementing its –e-Governance initiatives. Most of its routine communication to taxpayers is through email and SMS. Therefore, the Department is very sensitive and alert to attempts made by fraudsters to spoof the Department’s identity to send phishing emails. To ensure that taxpayers … Read more