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Updates Of the Day

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Updates Of the Day
1.NIRC of ICAI is organizing seminar on Income Tax & GST Jointly with Rohini CPE Study Circle on 9.10. 2015 from 5PM–9.30PM at Hotel Oasis, Pitampura, Delhi. Fees Rs.500/-
2.ICAI hosted admit cards in respect of candidates admitted to the IPCC and Final Exam in Nov 2015.
3.RBI has modified the directions issued to the NBFC - Micro Finance Institutions w.r.t pricing of credit by MFIs.
4.MCA has constituted a High Level Committee to suggest the measure for improved monitoring of CSR.
5.Tax obligations for October 2015 prepared by Advocate Sanjay Sharma are available. If u need, send us email.
6.No Excise duty Price-escalation not contemplated at or before time of removal: [CCE vs. Hitkari Fibres Ltd. (Supreme Court)]
7.Cost of purchase from outside Delhi will be costlier now - Trucks entering Delhi are now required to pay environmental tax in addition to toll tax: Order by National Green Tribunal.
8.Reimbursement of own share of cost of software which is allotted among entities is not taxable as it cannot be considered as royalty or income in hands of recipient. [Lionbridge Tech (P.) Ltd. vs ITO (Mumbai - Tribunal)
9.Passing assessment order without examining non-allowable expenses makes assessment order erroneous.[Kerala High Court: Asianet Satellite Communications Ltd]
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