Skip to main content

Updates of the day...

Updates Of the Day
1.NIRC of ICAI is organising a seminar on filing with ROC and service tax jointly with south Delhi CPE Study circle on 26th Oct 2015 from 5PM to 9PM at Holiday Club, panchsheel enclave, New Delhi.
2.Bank of Baroda invites application for empanelment of CA for concurrent audit of branches for F.Y. 2016-17.
3.Cenvat credit available on capital goods/ inputs used in manufacture of exempted goods & cleared without payment of duty on Job work basis (Madras High Court) [CCE vs. CESTAT]
4.MCA has notified on 20.10.2015 for amending the Limited Liability Partnership Rules, 2009.
5.Service tax not to be included while calculating the gross receipts for section 44BB. [ITAT Delhi Sundowner offshore International (Bermuda) Limited vs ADIT Dehradun]
6.Section 14A shall not apply to shares held as stock in trade- [G. K. K. Capital Markets private limited (ITAT Kolkata)
7.Search will be deemed to be concluded for completion of assessment from the date when keys were handed over to assessee. (Kolkatta High Court) [Navin Kumar Agarwal Vs CIT(A)]
8.CBDT amends transfer pricing rules, new rule 10CA inserted to compute arm length price (ALP) in case of more than one price.
I wish you and your family happy Ram Navmi. May Maa bless you all with happiness, patience and peace of mind.Regards Ujjwal Thakur Team Webecreator.
For more News 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 ...