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Pass Percentage and Toppers of CA IPCC May 2015 The Institute of Chartered Accountants of India (ICAI) today announced the result of  Chartered Accountants Intermediate Examination (IPC)  held in May, 2015. The  top three rank holders  on all India basis of  Chartered Accountants Intermediate (IPC) Examination  held in May, 2015 are from  Jaipur and Surat . Their details along with the marks secured by them are mentioned at  Annexure-A . The pass percentage of the students in IPC is mentioned at  Annexure-B . CA. Manoj Fadnis, President, ICAI  added “The Curriculum of the Chartered Accountancy Course has been designed, developed and maintained so that the members of the Profession can become the valued Trustees of the World Class Financial Competence, Good Governance and Competitiveness.” Annexure-A Annexure-B Details of candidates passed in Chartered Accountants Intermediate (IPC) examination held in May– 2015 The details of percentage of candid

Highlights of Key changes in new ITR Forms 3, 4, 5, 6 and 7 Introduction: The new ITR Forms 1, 2 and 4S were notified for the Assessment Year 2015-16 vide Notification No. 41/2015, Dated 15042015. However, in view of representations received from various stakeholders, the CBDT came out with simplified version of ITR forms 1, 2, 2A and 4S. Now the CBDT has notified the remaining ITR forms, viz, ITR Forms 3, 4, 5, 6 and 7 vide Notification No. 61/2015. Different forms are prescribed for different taxpayers. The following table gives an overview of the return forms applicable to different taxpayers. ITR Form: ITR-3 This form shall be used by an individual or HUF: ·          Who is a partner in a firm; and ·          If his income chargeable to tax under the head 'Profits or gains from business or profession' does not include any income except income by way of any interest, salary, bonus, commission or remuneration due to, or received by him from suc

Extension of due date of filing Return of wealth for A.Y, 2015-16 F.No.328/08/2015-WT Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi,   dated 27 th   July, 2015  To All Pr. Chief Commissioners of Income-tax Subject: Extension of due date of filing Return of wealth for A.Y, 2015-16-clarification In terms or Explanation to sub-section (1) of section 14 of the Wealth-tax Act 1957, ‘due date’ of filing Return of wealth in relation to an assessee under the Wealth-tax Act shall be the same date as that applicable to an assessee under the Income-tax Act under the explanation to sub-section(1) of Section 139 unite Income-tax Act. 2. Central Board of Direct Taxes vide order under section 119 of the Income-tax Act   F.No.225/154/ 2015/ETA-II dated 10.6.2015   has extended the ‘due date’ for filing Return of Income for assessment year 2015-16 in respect of assessees falling under clause (c) of explanation 2