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Taxclick Team, Author at All About Finance - Page 71 of 97

How many article assistants can chartered accountant train?

 Similarly, an associate or a fellow chartered accountant who is employed as a paid assistant with a chartered accountant in practice or in a firm of such chartered accountants is also eligible to engage an articled assistant or assistants.   Category Period of continuous Practice Entitlement of articled assistant or  assistants (i) An  associate  or  fellow  … Read more

Clarification regarding disallowance under section 40 (a) (i) for failure to deduct TDS under section 195

GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES NEW DELHI  Circular No. 3/2015, Dated: February 12, 2015  Subject:- Clarification regarding ‘Amounts not deductible’ under sub-clause (i) of clause (a) of section 40 of Income-tax Act, 1961 (‘Act’)-regarding.   Section 40(a)(i) of the Act stipulates that in computing the income chargeable … Read more

Empanelment of members to act as observers for the chartered accountants examinations

THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA  [Set up by an Act of Parliament]   ANNOUNCEMENT     MAY / JUNE 2015.  Intermediate (IPC) and Final exams Common Proficiency Test (CPT)  Eligibility criteria for empanelment:    Members who fulfill the following criteria are eligible for empanelment, to act as Observers.           … Read more

Last date of filing of Form CRA-2 without late fee is extended up to 31st March, 2015

General Circular No 2/2015 No.1/40/2013-CL-V-Part Government of India Ministry of Corporate Affairs   5th  Floor, ‘A’ Wing, Shastri Bhawan, New Delhi: 110001  Dated: 11th February, 2015   To All Regional Directors, All Registrars of Companies, All Stakeholders   Subject: Extension of time for filing of Notice of appointment of the Cost Auditor in Form CRA-2. … Read more

Couriers are required to fulfil Know Your Customer (KYC) norms

Circular No.07/2015-Customs F. No. 450/77/2010- Cus IV Government of India Ministry of Finance Department of Revenue (Central Board of Excise and Customs) *** New Delhi, dated 12.02.2015 To, All Chief Commissioners of Customs / Customs (Preventive) All Chief Commissioners of Customs and Central Excise All Commissioners of Customs / Customs (Preventive) All Commissioners of Customs and Central … Read more

RBI waived the requirement of submitting Form A-1

RBI/2014-15/467A. P. (DIR Series) Circular No.76 February 12, 2015 To All Category-I Authorised Dealer Banks Madam / Sir, Foreign Exchange Management Act, 1999 – Import of Goods into India Attention of Authorised Dealer Category – I (AD Category – I) banks is invited to the A.P.(DIR Series) Circular No. 82 dated February 21, 2012 in terms of … Read more

CEP requirements for CMA members in practice and industry

NOTIFICATION   Sub: CEP requirements for Members in Practice/Industry No. CMA(2)/2015: As advised by the Quality Review Board, recommended by the Members’ Facilities & Services Committee and approved by the Council at its 291st Meeting held on 30th January, 2015, the Institute is pleased to announce revised CEP requirements for members in practice & industry … Read more