Updates

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Nitesh More

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Aug 4, 2015, 3:55:42 AM8/4/15
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Updates

1) MCA has notified new versions of eForm's i.e Form 20B, 23AC, 21A, 23ACA, 66, 23ACA (XBRL); Form 4 LLP, FC-4, 23B, FC-1 w.e.f 01-08-2015.

2) MCA defines Process for Surrender/ Cancellation/ of Additional/ Duplicate/ Extra DIN. Holder of duplicate DIN shall make an application for surrender with Regional Director in form DIR5.

3)Under Cosumer Protection Act, a CA can be held liable for deficiency in service.Negligence in discharge of professional duty amounts to unfair trade practice.

4) Allahabad Bank invites applications for empanelment as Concurrent auditors  for audit year 2015-16 by practicing CA Firms.

5) Presentation of CA Nitesh More on Depreciation: Practical problems & suggestions (video recording)
https://youtu.be/R_YM0ink0qo
Above presentation is dedicated to my parents, All Gurus, All  Senior Professionals  & Mr Avul Pakir Jainulabdeen(A.P.J.) Abdul Kalam jee.

6) Complementary copy of CD on co law by N More is available from 2 pm to 4 pm up to 5th August free of cost on production of visiting  card by writing ICAI membership no /or application (containing details of visiting card & ICAI membership no)signed by member at :
PRADEEP/Ravi
31 G C Avenue
6th floor
(Near CHANDNI Metro)
Note:There is only 1 big office in 6th Floor. In other place, dates of distribution will be announced.

7)Due date for payment of Service Tax for the previous Month / Quarter is 6th of this Month, for corporate / non-corporate assessee respectively. Kindly note E-payment of service tax has been made mandatory for all the assessees w.e.f. 1st October.

On Aug 2, 2015 12:19 PM, "Nitesh More" <moreas...@gmail.com> wrote:

A Week dedicated for “service for CA Fraternity” in memory of APJ Abdul Kalam Sir

On my dealth donot give holiday, instead work for one more day: APJ Abdul Kalam Sir

In his memory , we are dedicating  10th August to 16th August as a week dedicated for service to CA profession, as follows:

1)      Distribution of complementary copy of CD on Co Law from 10th August to 14th August from more than 40 Locations in Eastern Region.

2)      Phone Help line on Co Law on Date & time to be announced.

3)      Release of Video on Youtube on “Exemption to Pvt Ltd Co: Critical Analysis & Planning” so that professionals all over India can hear the opinion on subject.

Do you want to contribute in any way? Can you do anything (such as phoneline in any subject or any other manner)

We invite suggestion. Please email to moreas...@gmail.com

 

CA  Nitesh More

 


Nitesh More

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Aug 4, 2015, 5:09:46 AM8/4/15
to NM17
Updates 
1) Cost Inflation Index for FY 2015-16 is 1081

2) Multipurpose Empanelment Form for the year 2015-16 has been made live at www.meficai.or

3) CBEC had laid down the procedure for carrying out detailed scrutiny of Service Tax Returns, to be followed from August 1, 2015. Now, issued guidelines vide Circular No. 1004/11/ 2015 -CX dated July 21, 2015.

4) CBEC has issued three Central Excise Notifications apparently to clarify when manufacturers can avail exemption or concessional rates of CE duty.  Notification No.34/2015,35/ 2015 and 36/2015.

5) A select committee of the Rajya Sabha has observed that the standard Goods and Services Tax (GST) rate should be within 20 per cent.

6) ICSI has released the FAQ on Secretarial Standards on Board Meetings(SS-1) and (SS-2) based on the queries received from the stakeholders.

7) ICAI devised mechanism to Monitor Tendering Fees quoted by its Members With a view to contain the tendering system for attest functions, the Council at its special (338th) meeting.

On Jul 23, 2015 8:16 AM, "Nitesh More" <moreas...@gmail.com> wrote:

ICAI had announced mechanism of tendering . CA Nitesh More had given suggestions on tendering to PD committee, ICAI in 2013.  Point no 5 & 6 has still not implemented

 

ICAI MECHANISM TO MONITOR TENDERING

1)     Prohibition on tendering

2)     Adhere to the recommended scale of fees

3)     To maintain cost sheet

4)     Submission of Cost sheet to ICAI within 15 days of tendering & monitoring of bid by ICAI centrally

CA Nitesh More’s Suggestions in 2013

 

1)     Prohibition on tendering

2)     Submission of Cost sheet to ICAI & monitoring of bid by ICAI Centrally & citywise

3)     Full policy on tendering(see below)

4)     Detailed analysis , while peer review   


Link to view suggestions given & icai announcements https://www.dropbox.com/s/d22bqy9rz82mgaz/tendering.docx?dl=0






Warm Regards 

"Team" CA.Nitesh  More

JOIN OUR FB GROUP NOW : https://www.facebook.com/groups/caniteshmore/

To receive updates,  send an email  for adding to group to  moreas...@gmail.com

Disclaimer: Neither moderator nor sender  nor any other person takes any responsibility, liability of any nature. Readers are requested to verify the genuineness of each & every  information including any appeal, from own source.     

Nitesh More

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Aug 6, 2015, 3:15:47 AM8/6/15
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Updates

1) Presentation of CA Nitesh More on Depreciation : Practical problems & suggestions (video recording)
https://youtu.be/R_YM0ink0qo

2)

​a)​
Complementary copy of CD on co law by N More is available from 2 pm to 4 pm up to 5th August free of cost on production of visiting  card by writing ICAI membership no /or application (containing details of visiting card & ICAI membership no)signed by member at :
PRADEEP/Ravi
31 G C Avenue
​, ​
6th floor
​,​
(Near CHANDNI Metro)
Note:There is only 1 big office in 6th Floor. In other place, dates of distribution will be announced.

​b) In other locations of EIRC, we will announce dates of distributions. ​

3) Non-deduction of TDS on reimbursement expenses would not lead to disallowance of such reimbursement expenditure. CIT Vs.  DLF Commercial Project Corporation, High Court of Delhi.

4) Penalty u/s 78 is leviable if tax recovered not paid & information of unpaid taxes not furnished in Service Tax returns: Iwi Crogenic  Vaporization System India vs. CCE, VADODARA (CESTAT Ahmedabad),

5) Input credit not reversible in case of remission of duty on destroyed goods. Hon’ble Madras High Court in Joy Foam P. Ltd.

6) ESIC has decided to extend the ESI Scheme to the construction site workers deployed in the implemented areas w.e.f 01.08.2015.

7) Parliament passes bill to increase pecuniary limit to Rs 2 crore from present Rs 2 lakhs for suits before Delhi High court. Parliament passes Delhi High Court (Amendment) Bill.

8) Format of regulation 31 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 amended.

9) Government of India has started a RTI online web portal whereby Right to Information (RTI) applications can be filed online by Indian citizens, including those who are living abroad. The detailed procedure in filing of on-line RTI application is as under:

i) An Indian citizen can file RTI application online through RTI online web-portal, having Uniform Resource Locator (url) www.rtionline.gov.in.

ii) The prescribed fee for RTI application can also be paid online through a payment gateway of State Bank of India by way of internet banking of State Bank of India and its associate banks and by using Rupay card, debit/credit cards of Master/Visa.

iii)This facility at present is available for 431 Public authorities of Government of India.

iv) All the States have been requested vide this Department’s letter dated 3rd December, 2013 to explore the feasibility of implementing online RTI in their respective States.

v) National Informatics Centre (NIC) has been requested to provide technical support such as software and source code to the State Governments who desire to replicate the web portal for online filing of RTI applications at state level.

This was stated by the Minister of State for Personnel, Public Grievances &  Pensions and Minister of State in the Prime Minister’s Office Dr. Jitendra Singh in a written reply to a question by Shri Jyotiraditya M. Scindia and Adv. Joice George in the Lok Sabha .



On Aug 5, 2015 11:19 AM, "Nitesh More" <nmor...@gmail.com> wrote:

Nitesh More

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Aug 6, 2015, 9:55:35 PM8/6/15
to NM00
Updates & Seminar

1) Forthcoming programmes  of CA Nitesh More on Co Act: Problems & Solutions/other Topics

i) On 7/08/15: Jorhat, Chapter of ICAI, Assam
ii) On 8/08/15: Sibsagar, Assam
iii) On 8/08/15: Dibrugarh ICAI
iv) On 14/08/15: Guwahati ICAI
v) On 16/08/15: Raniganj ICAI
vi) On 26/08/15: Kolkata ICAI

2) All India phone helpline for Co Act: Problems & Solutions

​ on 15th August, 2015 from 11 am to 5 pm​

3) Required ca for the post of CFO in bhubaneswar. If any one interested, Please contact: Rakesh agrawal
7381070570 / 9437170570

4) Presentation of CA Nitesh More on Depreciation: Practical problems & suggestions (video recording)
https://youtu.be/R_YM0ink0qo
Above presentation is dedicated to my parents, All Gurus, All  Senior Professionals  & Mr Avul Pakir Jainulabdeen(A.P.J.) Abdul Kalam Sir.

5) Complementary copy of CD on co law by N More is available from 2 pm to 4 pm up to 10th August free of cost on production of visiting  card by writing ICAI membership no /or application (containing details of visiting card & ICAI membership no)signed by member at :


PRADEEP/Ravi
31 G C Avenue

6th floor


(Near CHANDNI Metro)
Note:There is only 1 big office in 6th Floor. In other place, dates of distribution will be announced.

6)TODAY 7.8.15 is last day for Payment of TDS /TCS deducted/collected in the month of July.

7) Penalty u/s 271(1)(C) of the Income  Tax Act, 1961 cannot be levied merely because the claim of the assessee is found to be incorrect unless it is confirmed that the assessee had any mala fide intention. CIT Vs. Dalmia Dyechem Industries, High Court of Bombay.

8) Input credit not reversible in case  of remission of duty on destroyed goods;
Case Law Citation: Joy Foam Pvt.  Ltd. vs. CCE, Madras High Court.

9) CLB allowed petition u/s 74(2) of Companies Act 2013 in CP No. 76/ 2015 in the case of Billcare Limited Pune granting deferment of payment of Public Deposit of Rs 168 Crores by 15 Mogoods

On Aug 4, 2015 1:10 PM, "Nitesh More" <nmor...@gmail.com> wrote:

Updates

1) MCA has notified new versions of eForm's i.e Form 20B, 23AC, 21A, 23ACA, 66, 23ACA (XBRL); Form 4 LLP, FC-4, 23B, FC-1 w.e.f 01-08-2015.

2) MCA defines Process for Surrender/ Cancellation/ of Additional/ Duplicate/ Extra DIN. Holder of duplicate DIN shall make an application for surrender with Regional Director in form DIR5.

3)Under Cosumer Protection Act, a CA can be held liable for deficiency in service.Negligence in discharge of professional duty amounts to unfair trade practice.

4) Allahabad Bank invites applications for empanelment as Concurrent auditors  for audit year 2015-16 by practicing CA Firms.

5) Presentation of CA Nitesh More on Depreciation: Practical problems & suggestions (video recording)
https://youtu.be/R_YM0ink0qo


Above presentation is dedicated to my parents, All Gurus, All  Senior Professionals  & Mr Avul Pakir Jainulabdeen(A.P.J.) Abdul Kalam jee.

6) Complementary copy of CD on co law by N More is available from 2 pm to 4 pm up to 5th August free of cost on production of visiting  card by writing ICAI membership no /or application (containing details of visiting card & ICAI membership no)signed by member at :


PRADEEP/Ravi
31 G C Avenue

6th floor


(Near CHANDNI Metro)
Note:There is only 1 big office in 6th Floor. In other place, dates of distribution will be announced.

7)Due date for payment of Service Tax for the previous Month / Quarter is 6th of this Month, for corporate / non-corporate assessee respectively. Kindly note E-payment of service tax has been made mandatory for all the assessees w.e.f. 1st October.

Nitesh More

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Aug 13, 2015, 12:16:54 AM8/13/15
to NM00
1) Forthcoming programmes of CA Nitesh More on Co Act:Problems & Solutions & other Topics

i) On 14/08/15:Guwahati ICAI
ii) On 16/08/15:Raniganj ICAI
iii) On 26/08/15:Kolkata ICAI

2) Need urgently 25 CA candidates with or  without experience for Accenture Bangalore location. Immediate requirement. Interested candidates send their resume to
neha.s...@accenture.com

3) Presentation of CA Nitesh More on Depreciation: Practical problems & suggestions (video recording)


https://youtu.be/R_YM0ink0qo
Above presentation is dedicated to my parents, All Gurus, All  Senior Professionals  & Mr Avul Pakir Jainulabdeen(A.P.J.) Abdul Kalam Sir.

4) Complementary copy of CD on co law by N More is available from 2 pm to 4 pm up to 10th August free of cost on production of visiting  card by writing ICAI membership no /or application (containing details of visiting card & ICAI membership no)signed by member at :


PRADEEP/Ravi
31 G C Avenue
6th floor
(Near CHANDNI Metro)
Note:There is only 1 big office in 6th Floor. In other place, dates of distribution will be announced.

5)The income tax department has notified tax return forms for non-salaried class, including companies, partners in firms and individuals deriving their income from proprietary business or profession.

6) CIT can revise order u/s 147 by invoking provision of section 263 on the Issue of Share at Premium.  ITAT Kolkata:  Subhalakshmi Vanijya Pvt. Ltd. Vs. CIT.

7) Directorate General of Service Tax. (DGST) will henceforth be re-named as Directorate General of Goods & Service Tax (DGGST) w.e.f. 1st August, 2015 And its headquarter be shifted from Mumbai to Delhi.

8) DG- RBI has urged banks to be sensitive towards the lifecycle needs of their MSME clients and develop products that are suitable to their requirements for working capital and for capital expenditure purposes.

9) i) Title :  Program Controller
Qualified ICWA, having 7 to 12 years of experience in Product Costing, Finance Controlling is ideal.
Work Location :  Pune
CTC : 14 to 15 lakhs
To Apply => ramku...@asppl.in

ii)Title : Assistant Manager - Indirect Taxation
B.com / M.com, having 7 to 12 years of experience in Excise, Service and Sales Tax is ideal.
Work Location : Chennai
CTC : 6 to 7 lakhs
To Apply => ramku...@asppl.in

iii) Title :  Manager Accounts
Qualified CA, having 5 to 12 years of experience in Accounts is ideal.
Work Location :  Pune
CTC : 14 to 16 lakhs
To Apply => ramku...@asppl.in

iv) Title :  Assistant Manager - Direct Taxation
Qualified CA, having 5 to 10 years of experience in Income Tax is ideal.
Work Location :  Pune
CTC : 8 to 12 lakhs
To Apply => ramku...@asppl.in

v) Need a full time female ca in guwahati on salaried/partnership basis.
SNEHA JAJODIA 9864018246
ca.snehajajodia@gmail . com

10) Aadhar will be optional for availing various government schemes: Supreme Court - http://economictimes.indiatimes.com/news/politics-and-nation/aadhar-will-be-optional-for-availing-various-government-schemes-supreme-court/articleshow/48436807.cms

1) The CBDT has issued a stern Office Memorandum to Hauls Up Officers & Staff For Leaving Early, Coming Late & Harassing Taxpayers.

2) Mandatory pre-deposit of Tax for filing appeals under Service Tax, Excise and Customs – The Dilemma Continues: Hon’ble High Court of Allahabad in the case of Ganesh Yadav Vs. UOI.

3) Secondment / expatriation of staff does not amount to 'manpower supply services'. Samsung India Electronics (P.) Ltd. Vs. CCE, (New Delhi- CESTAT).

4) SEBI has amended SEBI (ICDR) Regulations, 2009 and notified  the  SEBI (Issue of Capital and Disclosure Requirements) (Third Amendment) Regulations, 2015.

5) Office of the Commissioner of Service Tax is coming up with empanelment of CA/ICWA for audit of Service Tax Assesses. Apply at The Commissioner Service Tax Audit - I Comm, 17-B, IAEA house, I.P. Estate, New Delhi - 110002

6) Required urgently Article clerk, paid up with semi qualified for our firm.Pls mail to prak_patwari@ yahoo.com

7) Presentation of CA Nitesh More on Depreciation: Practical problems & suggestions (video recording)
https://youtu.be/R_YM0ink0qo

8) Complementary copy of CD on co law by N More is available from 2 pm to 4 pm up to 10th August free of cost on production of visiting  card by writing ICAI membership no /or application (containing details of visiting card & ICAI membership no)signed by member at :


PRADEEP/Ravi
31 G C Avenue
6th floor
(Near CHANDNI Metro)
Note:There is only 1 big office in 6th Floor. In other place, dates of distribution will be announced.

9(i)Openings at ICICI bank Gonda and 1 at Lucknow. Fwd CV on om.krishna@ icicibank.com

(ii)Requirement for a CA for credit department at HDFC ltd. Interestd can mail cv to gagarwal@ hdfc.com

(iii)EY india is hiring CA's for roles in audit and taxation across location.Interested candidates may plz forward their CV at akshat.garg@ in.ey.com

(iv)Vacancy for qualified/semi qualified in a CA firm in Chandigarh. Call 9888346925 sahilgarg099@ gmail.com

(v)There s vacancy for ca freasher or experienced in a ca firm(rkm & associates) in gurgaon on urgent basis. Contact rubina gupta 9818208035

On Aug 7, 2015 7:22 AM, "Nitesh More" <nmor...@gmail.com> wrote:

Updates & Seminar

1) Forthcoming programmes  of CA Nitesh More on Co Act: Problems & Solutions/other Topics

i) On 7/08/15: Jorhat, Chapter of ICAI, Assam
ii) On 8/08/15: Sibsagar, Assam
iii) On 8/08/15: Dibrugarh ICAI
iv) On 14/08/15: Guwahati ICAI
v) On 16/08/15: Raniganj ICAI
vi) On 26/08/15: Kolkata ICAI

2) All India phone helpline for Co Act: Problems & Solutions

3) Required ca for the post of CFO in bhubaneswar. If any one interested, Please contact: Rakesh agrawal
7381070570 / 9437170570

Nitesh More

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Aug 18, 2015, 2:39:15 AM8/18/15
to NM00
CA More Nitesh: Updates

1) a) Co Act:Problems & Solutions by CA N More & Ind AS by CA Krishanu Bhattacharya on 26th Aug @ EIRC, ICAI.3cpe@Rs 80. For registration log on to www.eirc-icai.org or contact: 7 Russell St

b) Register for EIRC Regional conference on 21&  22nd August

c) Hotel Park,6 CPE@Rs 500/600
Register for "ACAE 6CPE Real Estate Conclave" on 5 Sep@ Hotel Park,ACAE Members:Rs  500, Others: 600 only. Speakers from All over India. Call 22107724

2) Any Member (pref FCA with Disa) wishes to join in Partnership may contact by whatsapp or msg to 7059135999 / 9830081964

3)Urgent need of fresh blood of any group to save life
CA Swati's uncle is admitted in tata memorial cancer hospital rajarhat, Kolkata. He needs fress blood, urgently , of any group. Contact no 9437033815. The platelets will be removed and given to the patient.

4) CDs will be distributed from 18 august to 24th August from about 30 locations in eastern Region.

5) If you want to distribute CDs in Kolkata to CAs on above dates , plz call ca nitesh more 8820154348.

6) Circular no 14 has been issued by CBDT pertaining to approval and exemption u/s 10(23c)vi of Income Tax Act, 1961.

7)SEBI has amended the delisting guidelines and released the Securities and Exchange Board of India (Delisting of Equity Shares) (Second Amendment) Regulations,2015.

Nitesh More

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Aug 20, 2015, 5:37:50 AM8/20/15
to NM00
Updates & Seminar

1) a) Co Act:Problems & Solutions by CA N More & Ind AS by CA Krishanu Bhattacharya on 26th Aug @ EIRC, ICAI.3cpe@Rs 80. For registration log on to www.eirc-icai.org or contact: 7 Russell St

b) Register for EIRC Regional conference on 21&  22nd August.Speakers All over India,Also session by Dr Sneh Desai &  program on Chakrahvyu Ydha  by nitish bhardwaj,1600 plus delegates

Call: 8820154348 for registration

c) Hotel Park,6 CPE@Rs 500/600

Register for "ACAE 6CPE Real Estate Conclave" on 5 Sep@ Hotel Park,ACAE Members:Rs 500, Others: 600 only. Speakers from All over India. Call 22107724

2)CDs on Co law, containing stuffs useful for day to day office work,  will be distributed from today i.e. 18 August to 22 August from 51 locations in eastern Region.Plz collect your copy from 2 pm to 4 pm.For address, see old post in this group.

3) ICAI invites for empanelment as examiners for CA Exams.A CA with a minimum of 4 years standing in practice or in service are eligible to apply. Format of the application for empanelment can be downloaded from www.icai.org (Click Here).

4) Government of India has constituted a Quality Review Board. The Board has brought out ‘Report on Audit Quality Review Findings (2012-15)’ providing analysis and summary of observations.

5)Interest u/s 234B of the Income Tax Act is automatic even if assessment order does not contain any direction for payment. Bhagat Construction Co Pvt Ltd vs CIT : Supreme Court.

6) Service Tax Clarification regarding the prov of Sec 73, 76 and 78 of the Finance Act, 1994 and Section 11AC of the Central Excise Act, 1944 after amendments made vide Finance Act. 2015. F.No.137/46/2015-.18.8. 2015.

7) Vide CBDT Notification No. 70/2015 dated August 17, 2015 notified Income-tax (Twelfth Amendment) Rules, 2015 rules to determine period of stay of crew members of foreign bound ships in India.

8) Vide CBDT Notification No. 71/2015 dated August 17, 2015 Central Government notifies backward areas of Bihar u/s 32 and 32AD to provide tax incentives for setting-up of industrial units.

9) New Concepts: RBI grants In-principle approval to 11 applicants for Payment Banks
Aditya Birla Nuvo, Airtel M Commerce, Cholamandalam Distribution, Department of Posts, Fino PayTech, NSDL, Reliance Industries, Dilip Shanghvi, Vijay Sharma, Tech Mahindra, Vodafone M-Pesa

Dos of payments banks

* Has to use the word ‘Payments Bank’ in its name to differentiate from other banks
* Accept demand deposits, i.e., current deposits, and savings bank deposits from individuals, small businesses and other entities
* To hold a maximum balance of Rs one lakh per individual customer.
* Will be allowed to set up branches, ATMs, BCs
* Allowed to issue debit cards also offer internet banking
* Can accept a large pool of money to be remitted but at the end of the day the balance should not exceed Rs one lakh
* Can accept remittances to be sent to or receive remittances from multiple banks
* Permitted to handle cross border remittance transactions in the nature of personal payments / remittances on the current account
* Allowed to distribute mutual fund products, insurance products and pension products
* Bank can also undertake utility bill payments

Don’ts of payments banks

* No NRI deposits should be accepted    
* Cannot issue credit card
* Not allowed to set up subsidiaries to undertake non-banking financial services activities    
* Other financial and non-financial services activities of the promoters should not be mingled with the working of payment banks

MCA has on 19-08-2015 come out with finalized rules for service conditions of  President & members (NCLT); and  Chairperson & members (NCLAT) which are yet to be notified.
On Aug 19, 2015 11:16 PM, "Nitesh More" <moreas...@gmail.com> wrote:

1)      Articles on auditors not appointed in last AGM , simple process to allot shares, depreciation, etc

2)      Auditors report & CARO: 8 Formats, Guidance notes, ready to use formats

3)      Board Reports & Annual return: Referencer on Board report , check list, ready to use formats

4)      Co Act, All Rules, All notifications & circulars upto date

5)      Depreciation:  Application Guide to Schedule II, Manually calculated Depreciation rates as per schedule II as per WDV & SLM, Auto calculation excel sheet for depreciation , Fixed Assets Register etc

6)      Right Issue: Draft offer letter, Resolutions , article etc

7)      Conversion of Co to LLP: Complete help

8)      Others: Draft notice, minutes for AGM as per SS1 & SS2, FAQ on Co Act, Conversion of public co to pvt co, acceptance of deposits, remuneration policy, companies Act: Penalty, fee calculator for authorised capital, gist of guidance notes on CSR, MOA, AOA, Process to appoint auditor & many formats & many materials


Nitesh More

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Aug 25, 2015, 1:18:45 AM8/25/15
to NM00

Updates & Seminar

1)a)Tommorrow,workshop by CA N More @EIRC

Workshop on

Co Act:Problems & Solutions for Small & medium size enterprises & CA Firms by CA N More & Ind AS by CA Krishanu Bhattacharya on Wednesday, 26th Aug@ EIRC,ICAI.3cpe@Rs 80.For online registration : http://www.eirc-icai.org/upcoming_events.php?cat=1 .You can also contact: EIRC, 7 Russell St, 

b) Hotel Park, 6 CPE@Rs 500/600 only

Register for "ACAE 6CPE Real Estate Conclave" on 5 Sep@ Hotel Park,ACAE Members:Rs 500, Others: 600 only. Speakers from All over India. Call 22107724

2) Very useful CDs on Co law, containing stuffs useful for day to day office work,  will be distributed upto 28 August from 51 locations.

3)Provision for doubtful debts not required to be add back to arrive at book profit u/s 115JA: CIT vs. Salgaonkar Mining Industries Pvt. Ltd, (Goa High Court).

4) The Revenue could not assail the finding returned by the CIT(A) in favour of the Assessee in an appeal preferred by the Assessee before the Tribunal, limited to the issue decided by the CIT(A) against the Assessee. CIT Vs. Divine Infracon P. Ltd, Delhi High Court.

5) CBDT Instruction No. 5 of 2014 revising monetary limit to Rs. 4 lakhs for filing appeal before Tribunal shall apply to pending appeals also. Since  monetary limit of appeal filed by revenue was less than Rs. 4 lakhs, same was to be dismissed- Gurudayal Sontosh Kumar [2015] 60 taxmann.com 24 (Kolkata - Tribunal)

6) CBEC has made Custom Duty Free Allowance to Rs. 45000 for Passengers of Indian origin & foreigners of over 10 yrs of age residing in India. Noti No. 76/2015.

7) Chandigarh Service Tax Dept. clarifies that free home delivery / pick-up of food is not liable to service tax; States that dominant nature of transaction is that of ‘sale’ as food is not served at restaurant.


Nitesh More

unread,
Aug 28, 2015, 3:19:54 AM8/28/15
to NM00
Updates & Seminar

1) Hotel Park, 6 CPE@Rs 500/600 only
Register for "ACAE 6CPE Real Estate Conclave" on 5 Sep@ Hotel Park,ACAE Members:Rs 500, Others: 600 only. Speakers from All over India. Call 8820154348, 2210772

​Register online:
i) ACAE Members(fees 500): https://www.instamojo.com/acae/acae-real-estate-conclave-5th-sep-park-hotel-7305e/

ii) Others(fees 600): https://www.instamojo.com/acae/acae-real-estate-conclave-5th-sep-park-hotel/

2) Required Article Clerk / Paid Up for Kolkata Firm. Pl. Call 65010113 or email adspb...@gmail.com

3) CD on Co law is being distributed up to 30th August.

4) IT: Service of Assessment order by hand delivery to kitchen boy of assessee company is bad service–The Hon’ble Supreme Court in the case of Saral Wire Craft P. Ltd.

5) IT: Amount received as compensation towards the damage to the land cannot to be said to be a revenue receipt and not taxable. Jagan Nath Prasad & Sons Vs. ITO, ITAT – Delhi.

6) MCA: MCA vide its letter has directed RD North to shift its office from Noida to Paryavaran Bhawan, C.G.O. Complex, New Delhi.

7) IDT: w.e.f. 01 September, 2015 all the appeals/ applications arising from the territories of the State of Uttar Pradesh for Customs, Excise and Service Tax Appellate Tribunal,  shall be listed for hearing at Regional Bench, Allahabad.
 
8) IDT: No denial of Cenvat credit availed on invoices issued in the name of unregistered premises. CESTAT, Delhi : Allspheres Entertainment Pvt. Ltd. Vs. CCE, Meerut.
 
9) DGFT: Procedure for filing applications under MEIS and SEIS by units located in SEZs and EOUs has been further clarified by DGFT by Public Notice No 30/2015-20 dated 26/07/2015.

10) Cabinet approves arbitration law amendments for expeditious case disposal, cost-effective arbitration.

11) STATE BANK OF BIKANER & JAIPUR invites Empanelment Of Chartered Accountants / Cost Accountants For Forensic Audit at Head Office, Jaipur.


On Aug 27, 2015 2:16 PM, "Nitesh More" <moreas...@gmail.com> wrote:

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