Skip to main content

Updates of the day's.....

Updates Of the Day
1.ICAI has made arrangements for members to apply for permission to vote by post due to permanent infirmity or employment at a place other than the address registered with ICAI, download form from www.icai.org and send latest by 1.10.2015.
2.The Ministry of Communications and I T has notified the revised norms for digital signature.
3.Anti-dumping duty could not be added for computing customs duty, SCD & SAD: [Jaswal Neco Ltd. vs Commissioners Of Customs: Supreme Court.
4.SEBI issued circular under regulation 27(2), which provides for the format for compliance report on corporate governance to be submitted to the Stock exchanges by the listed entities.
5.MCA portal services may not be available tentatively from 24-09-2015 7:00 PM to 25-09-2015 7:00 AM. Plan accordingly.
6.New forms (AOC-4, MGT-7, ADT-2, SH-9) will be available from 25-09-2015 also versions of CRA-4 & CHG-4 are likely to be modified.
7.Amounts collected for conducting Aerobics and Yoga classes would fall under Health & Fitness Services and accordingly would be chargeable to service tax. CESTAT MUMBAI:[Malabar Hill Citizens Forum vs CCE, Mumbai]
8.Addition in case of own mischief of assessee will not amount to double taxation:[ R.B. Shreeram Durgaprasad (P) Ltd. vs. The CIT (Bombay High Court)]
9.CBDT has updated the tax audit utility for form 3CA CD, form 3CB CD and form 10 B.
For more New Like us on https://www.facebook.com/caonlineofficial Or Subscribe on mail visit : www.caonline.in

Comments

Popular posts from this blog

Household debt up, but India still lags emerging-market economies: RBI

  Although household debt in India is rising, driven by increased borrowing from the financial sector, it remains lower than in other emerging-market economies (EMEs), the Reserve Bank of India (RBI) said in its Financial Stability Report. It added that non-housing retail loans, largely taken for consumption, accounted for 55 per cent of total household debt.As of December 2024, India’s household debt-to-gross domestic product ratio stood at 41.9 per cent. “...Non-housing retail loans, which are mostly used for consumption purposes, formed 54.9 per cent of total household debt as of March 2025 and 25.7 per cent of disposable income as of March 2024. Moreover, the share of these loans has been growing consistently over the years, and their growth has outpaced that of both housing loans and agriculture and business loans,” the RBI said in its report.Housing loans, by contrast, made up 29 per cent of household debt, and their growth has remained steady. However, disaggregated data sho...

External spillovers likely to hit India's financial system: RBI report

  While India’s growth remains insulated from global headwinds mainly due to buoyant domestic demand, the domestic financial system could, however, be impacted by external spillovers, the Reserve Bank of India (RBI) said in its half yearly Financial Stability Report published on Monday.Furthermore, the rising global trade disputes and intensifying geopolitical hostilities could negatively impact the domestic growth outlook and reduce the demand for bank credit, which has decelerated sharply. “Moreover, it could also lead to increased risk aversion among investors and further corrections in domestic equity markets, which despite the recent correction, remain at the high end of their historical range,” the report said.It noted that there is some build-up of stress, primarily in financial markets, on account of global spillovers, which is reflected in the marginal rise in the financial system stress indicator, an indicator of the stress level in the financial system, compared to its p...

Retail inflation cools to a six-year low of 2.82% in May on moderating food prices

  New Delhi: Retail inflation in India cooled to its lowest level in over six years in May, helped by a sharp moderation in food prices, according to provisional government data released Thursday.Consumer Price Index (CPI)-based inflation eased to 2.82% year-on-year, down from 3.16% in April and 4.8% in May last year, data from the Ministry of Statistics and Programme Implementation (MoSPI) showed. This marks the fourth consecutive month of sub-4% inflation, the longest such streak in at least five years.The data comes just days after the Reserve Bank of India’s (RBI) Monetary Policy Committee cut the repo rate by 50 basis points to 5.5%, its third straight cut and a cumulative reduction of 100 basis points since the easing cycle began in February. The move signals a possible pivot from inflation control to supporting growth.Food inflation came in at just 0.99% in May, down from 1.78% in April and a sharp decline from 8.69% a year ago.A Mint poll of 15 economists had projected CPI ...