Clarification about Applicability of the latest Finance Act and other changes for Company Secretaries December, 2013 Examination

Clarification about Applicability of the latest Finance Act and 
other changes for Company Secretaries December,
 2013 Examination

APPLICABLE ON

Institute of Company Secretaries of India (ICSI) has issued clarification about applicability of the latest Finance Act 
and other changes for Company Secretaries December, 2013 Examination.

The clarification is applicable for the following students:-

1. Students of Executive Programme

·        For appearing in the Paper "Tax Laws (Old Syllabus)"

·        For appearing in the Paper "Tax Laws and Practice (New Syllabus)"

2. Students of Professional Programme

·        For appearing in the Paper " Advanced Tax Laws and Practice "

---

DIRECT TAXES

Direct Taxes applicable for December 2013 Examination shall be Assessment Year 2013-14 (Previous Year 2012-13).

Students are advised to study:-

1.      Finance Act, 2012 for December 2012 Examination

2.      All the Circulars, Clarifications, Notifications, etc. issued by the CBDT & Central Government, on or before 
six months prior to the date of the respective examinations.

---

INDIRECT TAXES

Students appearing in ‘Executive Programme’ (in the ‘Tax Laws’) and 'Professional Programme' (in the 'Advanced
 Tax Laws and Practice') respectively may take note of the following changes applicable for December 2012 
Examination.

·        All changes made by the Finance Act, 2013.

·        All Circulars, Clarifications/Notifications issued by CBEC / Central Government effective six months prior to the

                     examination.

Students can see the Official Clarification by clicking the following link :-

---

Tax Applicability for December 2013 Exams

---

Download Tax Amendments 

(For Executive Programme)

---

Download Tax Amendments

(For Professional Programme)

TDS Credit must be given even if TDS Certificate is not available/ entry is not shown in Form 26AS

TDS Credit must be given even if TDS Certificate is not available/ entry is not shown in Form 26AS

The assessee claimed credit for TDS which was denied by the AO on the ground that the claim did not match the entries shown in Form No. 26AS and that there was a discrepancy. On appeal, the CIT(A) held that the assessee would be entitiled to credit to the extent shown in the computer system of the department. On further appeal by the assessee to the Tribunal HELD:

The AO is not justified in denying credit for TDS on the ground that the TDS is not reflected in the computer generated Form 26AS. In Yashpal Sahwney 293 ITR 539 the Bombay High Court has noted the difficulty faced by taxpayers in the matter of credit of TDS and held that even if the deductor had not issued a TDS certificate, still the claim of the assessee has to be considered on the basis of the evidence produced for deduction of tax at source. The Revenue is empowered to recover tax from the person responsible if he had not deducted tax at source or after deducting failed to deposit with Central Government. The Delhi High Court has in Court On Its Own Motion Vs. CIT 352 ITR 273 directed the department to ensure that credit is given to the assessee even where the deductor had failed to upload the correct details in Form 26AS on the basis of evidence produced before the department. Therefore, the department is required to give credit for TDS once valid TDS certificate had been produced or even where the deductor had not issued TDS certificates on the basis of evidence produced by assessee regarding deduction of tax at source and on the basis of indemnity bond.

CRASH COURSE FOR CS EXECUTIVE FROM 23RD OCTOBER

NEW BATCH OF CS EXECUTIVE FROM 17TH OCTOBER

PHOTOGRAPHS OF FELICITATION CEREMONY

Photographs of felicitation ceremony held in honour of the shining stars of INSTITUTE FOR CORPORATE ACHIEVERS at 3rd floor, Chitrhaarhar Building, Near Lela Cinema, Hazratganj, Lucknow

https://www.facebook.com/media/set/?set=a.302586343212438.1073741834.260436057427467&type=1

Quarterly reports, Project Reports and Training Completion Certificate now only accepted by institute through email

Students are requested to submit their training quarterly reports, project report and Training Completion Certificate in pdf or scanned form duly signed and certified by the trainer at the email address given below: 

Quarterly Reports and Project Report - icsitrainingreport@gmail.com

Training Completion Certificate - training@icsi.edu 

Physical copies of Quarterly reports, Project Reports and Training Completion Certificate will not be entertained by the Institute with immediate effect from the students having email IDs.

However, students residing in far flung areas where computer facility is not available may submit the same in physical form duly signed and certified by the trainer through post/courier addressed to the Training Section of the Institute at ICSI House, 22 Institutional Area, Lodi Road, New Delhi-110 003.

For queries if any please contact Mr. Sudhir Kumar, Assistant Director or Mr. Rajeshwar Singh, Senior Assistant at 011-45341089 and 45341088 respectively

NEW BATCHES FOR EXECUTIVE/ PROFESSIONAL for June 2014 Exams

Institute for Corporate Achievers

                  announces its 

 NEW BATCHES FOR EXECUTIVE/ PROFESSIONAL (BOTH OLD AND NEW   SYLLABUS)

for June 2014 Exams

From 17^th  October, 2013

  

Highlights of the Institute are:
• Experienced and well Qualified Faculty.
• Academic Ambience
• Learner Centric
• Computer and Internet Facility 
• Well Equipped Library.
• Assistance in Eligibility Test (ET) Facility

"Nothing is un achievable once you believe in             yourself” "

Registrations are open and will be done on first come- first serve basis
DIVYA 
Institute for Corporate Achievers
(A Premier Institute for Company Secretary Students)
3rd Floor Mahendra Chitrodaahar Building
Naval Kishor Road, near Lela Cinema Hall
Hazratganj, Lucknow
Contact Nos: 0522-4011081
 8176882499, 8687113270, 9935778867,

for other details log in http://instituteforcorporateachievers.blogspot.in/2012/09/best-cs-coaching-in-lucknow.html

https://www.facebook.com/ica.lucknow