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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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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0 | Hits : 1867 |
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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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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 : 1866 |
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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 : 1908 |
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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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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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0 | Hits : 707 |
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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 : 534 |
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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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0 | Hits : 638 |
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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 : 1665 |
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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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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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0 | Hits : 1747 |
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