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All About Finance - Page 39 of 125 -

Union Bank of India invites online application for empanelment as Concurrent Auditors

EMPANELMENT NOTICE Union Bank of India invites online application from the eligible Chartered Accountant, firms for empanelment as Concurrent Auditors of Branches and Offices. Please visit our corporate website http://www.unionbankofindia.com (Go to Quick Links .. Empanelment of Concurrent Auditors) or Government Portal (www.tenders.gov.in) for details. Date of commencement of application submission           : 22/02/2016 at 11.00 … Read more

CBDT directs that all rectification orders should be in writing and duly serve to the taxpayer

Instruction No.  02/2016 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi, the 15th of February, 2016 Subject: Passing rectification order under section 154 Income-tax Act, 1961 -regd.- Instances have come to the notice of the Board that in some cases rectification order under section 154 … Read more

Income Tax authority shall pass the order of rectification of mistake within the period of six months

Instruction No.01/2016 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi, the 15th of February, 2016 Subject: Following the prescribed time-limit in passing order under sub-section (8) of section 154 of Income-tax Act, 1961-regd.-    Sub-section (8) of section 154 of the Income-tax Act, 1961 (`Act’) … Read more

Glance At Burning Legal Issues To Set Off In This Budget!

With the budget round the corner, the consultants are busy making representations whether it be related to rectification of apparent mistakes in the notifications or whether it be related to amendments desired in particular sectors. There is a huge wish-list of assessees operating in respective sectors but whether the pleas of the assessees will be … Read more

Draft of Companies (Auditor’s Report) Order 2016

GOVERNMENT OF INDIA Ministry of Corporate Affairs NOTICE INVITING COMMENTS ON THE DRAFT COMPANIES (AUDITOR’S REPORT) ORDER, 2016 Dated the 9th February, 2016 The Ministry had set-up a Committee on 16th September, 2015 to examine and recommend matter for inclusion in the statement to be attached with Auditor’s Report under Section 143(11) of the Companies … Read more

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

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

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

Registered Valuer: A Helping Hand To The Company

 The word “REGISTERED VALUER’ has got utmost importance under the companies Act, 2013. It almost covers the 15 areas of the act. In this article, I have tried to elaborate the areas and the valuation of reporting by the Registered Valuer. Section 247 Of The Companies Act, 2013 Contains Provisions Exclusively Regarding Registered Valuers.  Definition … Read more