Long Term Capital Loss from Shares and Mutual Funds: Set off allowable
Posted Date : 21-Jun-2015 , 10:54:52 am | Posted By
CA Jai Kishan
Long Term Capital Loss from Shares and Mutual Funds: Set off allowable
&nbs...
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Category : Income Tax |
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XBRL BECOMING ALL PERVASIVE!
Posted Date : 19-Jun-2015 , 12:13:39 pm | Posted By
Soniya
XBRL is an electronic format for communication of business and financial data which is revolutionizing business reporting around the world. The standardization in-built in the XBRL documents provides significant benefits in the preparation, analysis and communication of business information. XBRL pr...
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Category : Corporate Law |
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0 | Hits : 501 |
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Customs Valuation: Mark up by 1% on account of Handling, Loading and Unloading Charges
Posted Date : 19-Jun-2015 , 10:31:23 am | Posted By
CA Jai Kishan
~~Customs Valuation: Mark up by 1% on account of Handling, Loading and Unloading Charges
CA. Jai Kishan
In India, it is a common practice at customs that at the time of valuation of imported goods into India for levy of cu...
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Category : Custom |
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Service Tax - Some Important judgment of Service Tax
Posted Date : 18-Jun-2015 , 11:55:21 am | Posted By
CA Bimal Jain
Dear Professional Colleague, We are sharing with you some important judgment of Service Tax on the following issue: 1. Refund admissible even when services were not notified on the date of export but were duly notified on the date of claiming refund ​Fazlani Expor...
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Category : Service Tax |
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Sukanya Samriddhi Savings Account - ‘Beti Bachao Beti Padhao’
Posted Date : 15-Jun-2015 , 02:01:33 pm | Posted By
Rakesh Kumar
Sukanya Samriddhi Savings Account
Scheme is meant for long term savings for Girl Children to meet out their Education and Marriage expenses
Sukanya Samriddhi Savings Account (Sukanya Samridhi Yojna) launched by Govt recently has received very good response as PM Mr.Narendra Modi gave p...
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Category : Income Tax |
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SC upholds plea of revenue neutrality in case of captive consumption to set aside invocation of extended period
Posted Date : 13-Jun-2015 , 12:03:32 pm | Posted By
CA Bimal Jain
Dear Professional Colleague, SC upholds plea of revenue neutrality in case of captive consumption to set aside invocation of extended period We are sharing with you an important judgment of the Hon’ble Supreme Court, in the case of Nirlon Ltd. Vs. Commissioner of Central Excise, Mumbai [(201...
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Category : Excise |
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Proud to Be Chartered Accountant,
Posted Date : 13-Jun-2015 , 11:46:23 am | Posted By
Rohit Kumar
5 Statements by Celebrities that will make you
Proud of Doing CA.
As we said in past ”CA bas naam hi kaafi h”.
This time we will going to prove why this course
is prestigious one.
.
1. Rahul Dravid:- You know what, The Wall has
decided to do CA and after opening the first
book lo...
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Category : General |
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3 | Hits : 1588 |
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All Information about INC 29 - Integrated Incorporation Form
Posted Date : 12-Jun-2015 , 02:03:43 pm | Posted By
Jainam Shah
Introduction to Form:
On the occasion of World Labor Day, Ministry of Corporate Affairs (MCA) introduced a major reform for entrepreneurs in India. Effective May 1st, incorporation of a new business will require only one form to be filled, against 5 earlier.
This new form is known as INC-29, and i...
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Category : Corporate Law |
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0 | Hits : 795 |
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Service Tax - Some Important judgment of Service Tax
Posted Date : 11-Jun-2015 , 07:32:12 pm | Posted By
CA Bimal Jain
Dear Professional Colleague, We are sharing with you some important judgment of Service Tax on the following issue: 1. Method of computation of value U/R 6(3A) of the Credit Rules in respect of Input services used for trading cannot be applied for period prior to April 1, 2011 – Value ...
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Category : Service Tax |
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Think Twice to advise CA as career, to start pracice, to apply Bank Concurrent Audit/to participate in Tenders
Posted Date : 11-Jun-2015 , 01:05:31 pm | Posted By
RAGHAVENDRA PRASAD M
Think Twice- to advise a student to pursue CA, to start/opt Practice, to Apply Bank Concurrent Audit/ to participate in a Tender
CA Raghavendra Prasad M.
Dear CA,
I qualified CA in 1985. After 30 years , -----
1. Before advising any student to Join CA Course,
I have been explain...
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Category : CA |
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0 | Hits : 519 |
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Section 188 of Companies Act 2013 - Related Party Transactions
Posted Date : 10-Jun-2015 , 05:35:23 pm | Posted By
Manshi Baid
SECTION 188 OF COMPANIES ACT 2013 - RELATED PARTY TRANSACTIONS The definition of Related Party is given in Clause (76) of section 2 of Companies Act 2013 . This section provides that a related party for a company are :-
A director or his relative
A key managerial personnel or...
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Category : Corporate Law |
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0 | Hits : 1911 |
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HOW TO SAVE INCOME TAX ON SALARY
Posted Date : 04-Jun-2015 , 03:41:54 pm | Posted By
Ankit Gupta
HOW TO SAVE INCOME TAX ON SALARY The objective of this blog is to empower the employees with knowledge by providing Minimum Income Tax kno...
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Category : Income Tax |
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0 | Hits : 1674 |
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ANALYSIS OF RCM FOR MANPOWER SUPPLY SERVICES OR SECURITY SERVICES 31.05.15
Posted Date : 31-May-2015 , 11:14:34 pm | Posted By
Puneet Goyal
ANALYSIS OF REVERSE CHARGE MECHANISM IN RESPECT OF MANPOWER SUPPLY SERVICES OR SECURITY SERVICES DATED 31.05.2015 (Before proceeding further please read the disclaimer at the bottom of this write up) As we all know that after introduction of negative list approach, in respect of above ...
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Category : Service Tax |
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List of Important Updates in DVAT from 01-05-2015 to 31-05-2015
Posted Date : 30-May-2015 , 11:46:05 am | Posted By
CA Vinod Kumar
S.No.
Relevant Change
Reference No.
1.
Default Assessment under CST Act shall not be carried out by VATO’s in normal cases. Assessment shall be framed by system on the basis of information supplied in Form 09. In case of refunds assessment can be made by ask...
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Category : Income Tax |
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0 | Hits : 1361 |
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Export condition fulfilled even if payment is received in Indian Rupees
Posted Date : 29-May-2015 , 03:16:26 pm | Posted By
CA Bimal Jain
Dear Professional Colleague, Export condition fulfilled even if payment is received in Indian Rupees We are sharing with you an important judgment of the Hon’ble Mumbai Tribunal, in the case of Sun-Area Real Estate Pvt. Ltd. Vs. Commissioner of Service Tax, Mumbai-I [2015-TIOL-956-CESTA...
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Category : Service Tax |
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Gist of Guidance Note on Accounting of CSR Expenditure
Posted Date : 29-May-2015 , 01:17:09 pm | Posted By
Vivek Parakh
Gist of Guidance note on Accounting for Expenditure on CSR Activities
Introduction
Applicability
Companies having net worth of Rs. 500 crore or more or,
Turnover of Rs. 1,000 crore or more or,
Net profit of Rs. 5 crore or more
If above mentioned criteria is met durin...
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Category : Companies Act |
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0 | Hits : 1038 |
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HOW TO COMPUTE INTEREST U/S 234 A OF INCOME TAX ACT
Posted Date : 27-May-2015 , 04:17:32 pm | Posted By
Ankit Gupta
HOW TO CALCULATE INTEREST u/s 234 OF INCOME TAX ACT Interest u/s 234A is the Interest for default for Furnishing Return of Income u/s 139(1) or 139(4) or Return filed in response to notice u/s 142(1). 1.- CONDITIONS FOR LEVY OF INTEREST u/s 234A
a) Where Return of Income (ITR) is not...
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Category : Income Tax |
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ALL YOU NEED TO KNOW ABOUT ADVANCE TAX
Posted Date : 26-May-2015 , 11:20:35 am | Posted By
Ankit Gupta
1.- Section 208 :- An assessee is liable to pay Advance Tax only if his ‘’Advance Tax’’ Liability is Rs.10,000 or more during the previous year. :- An individual whose age is 60 years or more at anytime during the previous year is not required to pay Advance Tax if his Total ...
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Category : Income Tax |
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Refund of excess Excise duty permissible on reduction in contract price after clearance of goods from factory
Posted Date : 25-May-2015 , 07:05:48 pm | Posted By
CA Bimal Jain
Dear Professional Colleague, Refund of excess Excise duty permissible on reduction in contract price after clearance of goods from factory We are sharing with you an important judgment of the Hon’ble Supreme Court, in the case of HPL Socomac Ltd. Vs. Commissioner of Central Excise, Gurgaon [...
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Category : Excise |
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0 | Hits : 456 |
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Gist of Depreciation under Companies Act 2013
Posted Date : 25-May-2015 , 06:50:25 pm | Posted By
Vivek Parakh
Provision as per Schedule II of Companies Act, 2013
Depreciation = allocation of depreciable amount + over useful life.
Depreciable amount = Cost of Asset – Residual Value.
Useful life = Expected period of use or no. of production etc.
Depreciation includes amortization.
For other ...
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Category : Companies Act |
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0 | Hits : 1514 |
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