- CBDT allowing revision of Wealth Tax Return u/s 25 beyond specified date. [Notification Dated-11th June 2015].
- ITAT Amritsar Bench issued order u/s 234E of the Income Tax Act in favour of assessee. [Sibia Healthcare Pvt Ltd vs DCIT].
- Service Tax Department issued clarification that 14% tax will not apply to non-AC restaurants. Even AC restaurants will charge Tax @ 14% only on 40% of bill amount. The effective tax will be 5.6% on full bill.
- Supreme Court upholds plea of revenue neutrality in case of captive consumption to set aside invocation of extended period. [Nirlon Ltd. vs. Commissioner of Central Excise, Mumbai].
- Private and Public companies are no longer required to have minimum paid up share capital of 1 Lakh and 5 Lakh Rupees. respectively. The Companies (Amendment) Act, 2015.
- The revised form CRA-2 and CRA-4 have now been notified by MCA on 12th June, 2015 and is available for filing. The additional fee on delay is waived till 30th June, 2015.
- RBI issued Master Circular for “Non-Banking Financial Companies – Corporate Governance (Reserve Bank) Directions, 2015” vide Notification No. RBI/2014-15/632DNBR (PD) CC No.040/03.01.001/2014-15.
- Canara Bank invites applications from CA Firms for conducting Concurrent Audit in the 650 branches from 01.07.2015 to 30.06.2016. Last Date to apply 26.06.2015.
- Corporate Social Responsibility (CSR) Committee of ICAI seeks suggestions from members at large on the various CSR activities that can be undertaken by them as CAs/CA Firms. Send it to [email protected].