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Type Archives - Page 91 of 124 - All About Finance

Anti-dumping duty on Graphite Electrodes of all diameters

 Notification  No. 04/2015-Customs (ADD)  New Delhi, the 13th February, 2015     (b)   the domestic industry has suffered material injury; and (c)   the injury has been caused to the domestic industry, both by volume and price effect of dumped imports of the subject goods originating in or exported from the subject country. And whereas, the … 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

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

RBI cancelled the certificate of registration of Lipi Mercantile Limited

The Reserve Bank of India has cancelled the certificate of registration of the following non-banking financial company (NBFC) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Company’s Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation Lipi Mercantile … Read more

Income tax department shifted its focus from civil consequences to criminal consequences

Government of India Department of Revenue North Block, New Delhi   Dated: 12th February, 2015 Sub:- Press Release on the shift in the focus of the department from civil consequences to criminal consequences in serious cases of tax evasion.    During 2014-15 (upto Dec, 2014) the ITD has conducted searches in 414 groups and seized … Read more

Direct Tax Collection During April-January of the Financial Year 2014-15 is up by 11.38 Percent

Gross Direct Tax Collection During April-January of the Financial Year 2014-15 is up by 11.38 Percent at Rs. 5,78,715 Crore as Against Rs. 5,19,588 Crore During the Same Period Last Year  Gross direct tax collection during April-January of the Financial Year 2014-15 is up by 11.38 percent at Rs. 5,78,715 crore as against Rs. 5,19,588 … Read more

Format of resolution of the approval of financial statement and the board’s report

On letter head of the company CERTIFIED TRUE COPY OF THE RESOLUTION PASSED AT THE MEETING OF BOARD OF DIRECTORS OF THE COMPANY HELD ——- AT ITS REGISTERED OFFICE AT 4 00 P.M  01-   ADOPTION OF FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR 2013-14. The Chairman placed before the meeting the Audited Financial Statements, Auditors Report … Read more

ICAI elected CA. Manoj Fadnis as the President and CA. M. Devaraja Reddy as the Vice-President for year 2015-16

Press Release ICAI elects New Torch Bearers for the year 2015-16 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 … Read more