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Updates of the day....

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Updates Of the Day
1.BOS of ICAI is organising Four Weeks Residential Programme on Professional Skills Development at CoE, Hyderabad fee Rs. 40,000/- date 26th November, 2015 to 23rd December, 2015 for students and newly qualified CAs.
2.ICAI Election 2015: The Members who are unable to physically vote, may apply for vote by post - Last Date 1st October, 2015. Visit www.icai.org
3.ICAI has issued detailed guidelines on audit of internal financial controls over financial reporting as required under the new Companies law.
4.SEBI issued Revised Disclosure Formats under SEBI (Prohibition of Insider Trading) Regulations 2015.
5.MCA has decided to relax the additional fees payable on forms AOC-4, AOC-4 XBRL and MGT-7 up to 31/10/2015.
6.Gold deposits over 500gm, not explained by known source of income, will attract income tax under the gold monetization scheme.
7.CIT cannot revoke section 263 when assessing officer adopts one view out of two possible views : Bombay High court: Vijay Udhyog vs. CIT.
8.Failure of assessing officer to dispose of objections raised will render re-assessment invalidated [CIT vs. Tupperware India Pvt Ltd (Delhi High Court)]
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