Saying SORRY Is Difficult. But Once Said, It Does Make You Feel Awesome!!
Posted Date : 10-Jul-2015 , 12:57:04 pm | Posted By
Nimish Goel
This article is very special as it doesn’t relate to any career guidance or mentoring I generally do through my blog. This article is inspired from a real life incident that happened with me couple of weeks back when I acted in a way I shouldn’t have and later how I made it good by a sim...
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Category : General |
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Difference between inactive and dormant savings bank accounts
Posted Date : 09-Jul-2015 , 07:31:49 am | Posted By
Vimmi
Have you left behind a trail of unused savings bank accounts when you changed jobs? Many individuals don’t close bank accounts that they no longer need. Here is what happens if you don’t close your savings or current accounts and why you need to keep a track.
INACTIVE AND DORMANT ACCO...
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Category : Banking |
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0 | Hits : 1359 |
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CBEC issues guidelines for detailed manual scrutiny of ST-3 Returns w.e.f. August 1, 2015
Posted Date : 08-Jul-2015 , 06:00:47 pm | Posted By
CA Bimal Jain
Dear Professional Colleague, CBEC issues guidelines for detailed manual scrutiny of ST-3 Returns w.e.f. August 1, 2015 Background: The Central Board of Excise and Customs (“CBEC” or “the Board”) vide Circular No. 113/07/2009-ST dated April 23, 2009 had laid down the proced...
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Category : Service Tax |
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0 | Hits : 904 |
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CBEC specifies conditions and safeguards for issuing digitally signed invoices and maintaining e-records
Posted Date : 07-Jul-2015 , 01:36:47 pm | Posted By
CA Bimal Jain
Dear Professional Colleague, CBEC specifies conditions and safeguards for issuing digitally signed invoices and maintaining e-records Background: The Service Tax Rules, 1994 (“the Service Tax Rules”) were amended vide Notification No. 5/2015 – ST dated March 1, 2015 to insert Ne...
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Category : Excise |
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0 | Hits : 425 |
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Reasonal Remuneration & Respectful Treatment( sought for CA’s)
Posted Date : 06-Jul-2015 , 11:04:15 am | Posted By
CA M.RAGHAVENDRA PRASAD
Reasonal Remuneration & Respectful Treatment( sought for CA’s)
Competition Commission of India-Fair Trade Regulator
cannot see members of Indian Banks Association (IBA) informally forming a cartel to see
that interest on savings bank accounts of small and medium ...
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Category : CA |
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A CA is Worth Above Rs 1 Cr
Posted Date : 05-Jul-2015 , 11:46:32 am | Posted By
CA M.RAGHAVENDRA PRASAD
Dear CA Brothers & Sisters,
‘Human Economic Value’ is attempted by Accounting his Economic Potential way back in 1930’s by the Insures for reimbursing the dependants with approximate ( not actuary) estimations to settle death and permanent total/partial disablement claims of ...
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Category : CA |
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1 | Hits : 2219 |
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Greek Crisis and Impact on Indian Economy
Posted Date : 05-Jul-2015 , 11:31:42 am | Posted By
Rohit Kapoor
What’s going On with Greece and its Economy?
Greece is a country gripped by huge money problems and now the banks there are closed for the week. But how have things got this bad?
Over the last 10 years, Greece borrowed lots of money from European banks and from other countries' gover...
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Category : General |
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0 | Hits : 850 |
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Export benefits cannot be denied even when export proceeds are not realized
Posted Date : 03-Jul-2015 , 06:50:48 pm | Posted By
CA Bimal Jain
Dear Professional Colleague, Export benefits cannot be denied even when export proceeds are not realized We are sharing with you an important judgement of the Hon’ble CESTAT, New Delhi in the case of Commissioner of Central Excise, Delhi-III Vs. Shyam Telecom Ltd. [(2015) 58 taxmann.com 117 ...
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Category : Excise |
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0 | Hits : 568 |
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Rejection Order passed by Designated Authority under VCES is appealable
Posted Date : 01-Jul-2015 , 03:14:19 pm | Posted By
CA Bimal Jain
Dear Professional Colleague, Rejection Order passed by Designated Authority under VCES is appealable We are sharing with you an important judgement of the Hon’ble High Court of Madras in the case of the Narasimha Mills Pvt. Ltd. Vs. the Commissioner of Central Excise (Appeals) and the Assist...
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Category : Service Tax |
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Applicability of CARO-2015
Posted Date : 30-Jun-2015 , 01:41:43 pm | Posted By
MD TASLEEM AHMAD KARIMI
Introduction & Background
In Exercise of the power Conferred by Sub section 11 of Section 143 of the Companies Act, 2013 and in Supersession of the Companies (Auditor’s report) order, 2003, the Central Govt. after consultation with the Institute of Chartered Accountant of India make Com...
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Category : Auditing |
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2 | Hits : 9233 |
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Interest on refund allowed even if law is silent
Posted Date : 29-Jun-2015 , 01:47:46 pm | Posted By
CA Bimal Jain
Dear Professional Colleague, Interest on refund allowed even if law is silent We are sharing with you an important judgement of the Hon’ble High Court of Gujarat in the case of State of Gujarat Vs. Indian Petro Chemicals Ltd. [2015 (6) TMI 541 – Gujarat High Court] on following issues...
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Category : VAT |
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GST - GOODS & SERVICE TAX
Posted Date : 29-Jun-2015 , 10:19:11 am | Posted By
Soniya
Presently Indian Economy has various taxes on Goods and services such as VAT, Service Tax, Excise, Entertainment Tax; Luxury Tax Etc so with coming of GST there shall be single Taxation System. GST is an integrated scheme of taxation that does not discriminate between goods and services. GST ch...
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Category : GST |
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Taxation of Long Term Capital Gain Arising from Transfer of Listed shares
Posted Date : 28-Jun-2015 , 01:41:24 am | Posted By
Ratan Nagraj
If listed Long term shares have been sold on Recognised Stock Exchange and if on sale Transaction STT have been paid then Long term capital gain shall be exempt from Capita Gain Tax u/s 10(38) and short term capital gain shall be taxable at the rate of 15 % u/s 111A of Income Tax Ac...
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Category : Income Tax |
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AUDITOR RESPONSIBILITY UNDER COMPANIES ACT 2013
Posted Date : 27-Jun-2015 , 11:00:44 pm | Posted By
Srishti
The New Companies Act, 2013 has been enacted with Presidential assent on 29 August,2012. 282 sections out of 470 sections have been notified till date and it is expected that once the rules are in place remaining provisions shall also be enforced by the year end. The draft rules have also been place...
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Category : Corporate Law |
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IMPACT OF BUDGET PROPOSALS ON DELHI VALUE ADDED TAX PRESENTED ON 25-06-2015
Posted Date : 27-Jun-2015 , 06:51:59 pm | Posted By
CA Vinod Kumar
IMPACT OF BUDGET PROPOSALS ON DELHI VALUE ADDED TAX PRESENTED ON 25-06-2015
Introduction:
Before I begin this article it is worth to quote from the budget speech of Mr. Manish Sisodia Finance Minister that “I have tried to strike a careful balance between the requireme...
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Category : VAT |
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ALL ABOUT ITR - 2A FORM FOR A.Y.2015-16
Posted Date : 24-Jun-2015 , 12:33:46 pm | Posted By
Ankit Gupta
...
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Category : ITR |
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USES OF NEW ITR FORM 1,2,2A & 4S
Posted Date : 24-Jun-2015 , 11:31:10 am | Posted By
Ankit Gupta
ITR FORM NO.
WHO CAN USE THIS RETURN FORM
WHO CANNOT USE THIS RETURN FORM
ITR-1 SAHAJ
This Return Form is to be used by an indi...
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Category : Income Tax |
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0 | Hits : 1058 |
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CHANGES IN ITR 2 NEW FORM FOR A.Y.2015-16
Posted Date : 24-Jun-2015 , 10:44:05 am | Posted By
Ankit Gupta
CHANGES IN NEW ITR-2 FORM
...
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Category : ITR |
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0 | Hits : 1808 |
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CHANGES IN ITR 1 NEW FORM FOR A.Y.2015-16
Posted Date : 24-Jun-2015 , 10:36:08 am | Posted By
Ankit Gupta
CHANGES IN ITR-1 FORM
S.NO.
&nb...
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Category : ITR |
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0 | Hits : 1858 |
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Verification of ITR with Aadhar card introduced
Posted Date : 22-Jun-2015 , 04:32:28 pm | Posted By
Soniya
Till now upon E - filing of Income Tax return, we use to send the acknowledgement copy to CPC Bangalore within 120 days by speed or registered post, many a times the acknowledgement copy of ITR does not reach the CPC Bangalore & people used to get messages that their acknowledgement has not reac...
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Category : Income Tax |
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0 | Hits : 1181 |
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