Posted Date : 05-Oct-2015 , 03:35:08 pm | Posted By Manan Gupta

Firstly to understand the provisions & needs of Form 15CA & 15CB, we have to understand the income Tax  Act & Rules made behind the compliances and transactions required the compliances of Form 15CA & 15CB.  Section 195(6)of Income Tax Act-  The person responsible f...

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Category : Income Tax | Comments : 2 | Hits : 2725

Posted Date : 03-Oct-2015 , 11:48:58 am | Posted By CA. Niket Agarwal

What is a Stock Audit? It is the physical verification of the inventory. However at times it may also include valuation of the inventory, this would depend upon the terms of reference or the engagement letter of the assignment.  Important thing to remember in a stock audit is the purpose ...

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Category : Auditing | Comments : 0 | Hits : 12351

Posted Date : 25-Sep-2015 , 12:25:39 pm | Posted By Gautam Gupta

Reporting Financial Institution and their registration under income tax Act, 1961 and submission of form 61B Chapter-1   According to the amended provisions of Section 285BA(1)(k)of the Income Tax Act, 1961, some prescribed reporting financial institutions need to furnish a statement of finan...

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Category : Income Tax | Comments : 0 | Hits : 493

Posted Date : 22-Sep-2015 , 02:31:25 pm | Posted By Mahender Gupta

Once a trademark application is filed (Fee- Rs. 4000), it is examined as to its registrability which includes deceptiveness, distinctiveness etc. and availability based on the existence of prior trademarks registered or pending applications. If there are any objections to the registration, an examin...

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Category : General | Comments : 0 | Hits : 904

Posted Date : 16-Sep-2015 , 01:30:25 pm | Posted By Satish C. Badve

Measures for Reduction in level of NPA of PSB. Hon. Finance Minister has recently in news saying the present level of NPA in the PSB are not acceptable.   The PSB as well as the Finance Ministry is concerned about the increase in level of NPA in recent years. E...

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Category : Banking | Comments : 0 | Hits : 847

Posted Date : 07-Sep-2015 , 01:24:34 pm | Posted By Ankit Gupta

1. Forget Sending ITR V to Income Tax Department Every Tax Payer is required to send a duly signed copy of ITR V form to Income Tax department within 120 days of e filing an Income Tax Return at “Income Tax Department – CPC, Post Bag No. 1, Electronic City Post Office, Banglore – ...

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Category : Income Tax | Comments : 0 | Hits : 1272

Posted Date : 04-Sep-2015 , 12:47:11 pm | Posted By Chitresh

GST is commonly described as indirect, comprehensive, broad based consumption Tax. The Dual GST which would be implemented in India will subsume many consumption taxes. The objective is to remove the multiplicity of tax levies thereby reducing the complexity and remove the effect of Tax Cascading. ...

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Category : Service Tax | Comments : 0 | Hits : 930

Posted Date : 27-Aug-2015 , 11:14:27 pm | Posted By GOVIND NARAYAN SHARMA

                                  LIMITS BASED PROVISIONS WITH CONSEQUENCES ON NON-COMPLIANCE UNDER COMPANIES ACT, 2013 ...

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Category : Corporate Law | Comments : 0 | Hits : 1090

Posted Date : 27-Aug-2015 , 12:10:28 am | Posted By GOVIND NARAYAN SHARMA

          TIME LIMITS FOR ISSUANCE OF NOTICES, ORDERS UNDER DIFFERENT SECTIONS OF INCOME TAX ACT, 1961           Income Tax Act, 1961 contains different time limits for i...

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Category : Income Tax | Comments : 0 | Hits : 2347

Posted Date : 25-Aug-2015 , 03:39:45 pm | Posted By Simran Singh

CPC (TDS) has released an advisory communication to all deductors and taxpayers regarding spurious email. CPC (TDS) has advised them to maintain strong Password for User account at TRACES and must not share the User ID / Password with any unauthorized user. The released communication has been giv...

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Category : Income Tax | Comments : 0 | Hits : 786

Posted Date : 15-Aug-2015 , 07:57:28 pm | Posted By CA Jai Kishan

Service Tax – Point of Taxation Rules, 2011 By CA. Jai Kishan Introduction: The Point of Taxation Rules, 2011 (hereinafter referred to as “the POT Rules”) were notified on March 1, 2011 and have been amended from time to time. As mentioned in my earlier Article, service tax is o...

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Category : Service Tax | Comments : 0 | Hits : 1238

Posted Date : 15-Aug-2015 , 12:58:00 pm | Posted By Sayam Rastogi

VARIOUS TAXES SUBSUMED UNDER GST The following are the central government taxes that would be subsumed under GST: Central Excise Duty Additional Excise Duties Excise duty under the Medicinal and Toiletries Preparation Act Service Tax Additional Customs Duty Special Additional Cust...

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Category : GST | Comments : 0 | Hits : 893

Posted Date : 15-Aug-2015 , 12:55:38 pm | Posted By Sayam Rastogi

                                               One Person Company One Person Company is a new type of business entity in India introduced through the Companies Act, 2013. One Pe...

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Category : Corporate Law | Comments : 0 | Hits : 1237

Posted Date : 15-Aug-2015 , 10:04:43 am | Posted By CA Jai Kishan

Service Tax in India: Brief History and Meaning of “Service” By CA. Jai Kishan Brief History:   The Service Tax was introduced in India around 21 years back on July 1, 1994 at the recommendations of Dr. Raja Chelliah Committee on tax reforms. The introduction of this levy i...

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Category : Service Tax | Comments : 0 | Hits : 907

Posted Date : 14-Aug-2015 , 08:04:22 am | Posted By Vimmi

Dear Taxpayer, Greetings from Centralized Processing Center (CPC) - Bangalore. As the due date for filing the Income Tax Return for Assessment year 2015-16 is approaching, please find below certain important points which will be helpful in submitting a correct return and its processing at CPC, Ban...

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Category : Income Tax | Comments : 0 | Hits : 3086

Posted Date : 13-Aug-2015 , 02:24:40 pm | Posted By Nimisha

Service tax code verification can be done online using simple 3 steps. It is helpful to determine the genuineness of the party whom we are paying service tax. Here, we have explained the manner of verification of service tax number and basics of service tax number.   SERVICE TAX CODE VERIFICA...

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Category : Service Tax | Comments : 2 | Hits : 2436

Posted Date : 09-Aug-2015 , 11:17:30 am | Posted By Sayam Rastogi

GST will be levied on buyers of goods and services, or where the service is consumed. This means big consumer states such as Uttar Pradesh, West Bengal and Kerala will get a high share of the taxes. The following are the salient features of the proposed pan-India Goods and Services Tax regime tha...

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Category : GST | Comments : 0 | Hits : 1117

Posted Date : 07-Aug-2015 , 01:41:48 pm | Posted By Pankaj Agrawal

First of all, Congratulations to those students who have cleared CA- IPCC and CA- Final exam.   After the declaration of Result, there are a few happy faces of candidates who’ve managed to clear the exams. Their hard work has been rewarded and they are all charged up for a good career a...

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Category : Students Zone | Comments : 0 | Hits : 1860

Posted Date : 07-Aug-2015 , 01:39:47 pm | Posted By Pankaj Agrawal

Dear CA Aspirants, The most awaited article is here. Hope so, you are on high time of your exam preparations. Don't distract and stay focused. I suggest you that at regular intervals watch good movies to get refreshing yourself and stress free. I assure that all papers Strategy of CA Final will ...

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Category : Students Zone | Comments : 0 | Hits : 845

Posted Date : 07-Aug-2015 , 01:39:01 pm | Posted By Pankaj Agrawal

Hello Friends, first of all, thanks a lot for giving such a favorable response to article on “Preparation Strategy for CA Final Financial Reporting” Now in the same manner I would like to throw light on preparation of very interesting subject of CA Final i.e. Strategic Financial Manageme...

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Category : Students Zone | Comments : 0 | Hits : 893