Gold Monetization Scheme
Posted Date : 06-Mar-2015 , 10:22:11 pm | Posted By
RATHI
Gold Monetization Scheme
As you know, the Govt. initiated a scheme in 1996 for securitization of Equity Shares, Debentures, Bonds and MF Units whereby National Securities Depository was floated by the NSE. This was followed by BSE which floated CDSL. This one measure of dematerialization of...
Continue Reading...
Category : Finance |
Comments :
0 | Hits : 996 |
 |
Budget 2015
Posted Date : 04-Mar-2015 , 07:13:13 pm | Posted By
RATHI
BUDGET 2015 / FINANCE BILL 2015
Customarily, the Finance Minister submits before the Parliament the Finance Bill ( popularly known as Budget ) every year on 28th February and it is normally a very anxiously awaited event throughout the Country as the common man as also the taxpayer co...
Continue Reading...
Category : Income Tax |
Comments :
0 | Hits : 345 |
|
Revised and Latest TDS Rate Chart For FY 2015-16 and AY 2016-17
Posted Date : 03-Mar-2015 , 08:41:36 am | Posted By
Vimmi
The Changes proposed by the Budget 2015-16 (Finance Bill 2015) related to deduction of tax at source under Chapter XVII of the Income tax Act, 1961 are as under:
1. Section 194A amended to expressly provide that from 1st June, 2015 the exemption provided fro...
Continue Reading...
Category : TDS |
Comments :
2 | Hits : 11505 |
|
Rate of Service Tax and Swachh Bharat Cess : Applicability in various situations
Posted Date : 03-Mar-2015 , 08:19:54 am | Posted By
Vimmi
In the first full year budget 2015-2016, Hon'ble Prime Minister Modiji and Mr. Jaitley has tried to boost the confidence of people by giving many exemptions, pension schemes and so on. However, to meet all these expectations there must be increase in government's revenue. To meet the requirement of ...
Continue Reading...
Category : Service Tax |
Comments :
1 | Hits : 2304 |
|
Union Budget 2015: Key Changes in Indirect Taxes
Posted Date : 02-Mar-2015 , 11:49:06 am | Posted By
CA Bimal Jain
Dear Professional Colleague, Union Budget 2015: Key Changes in Indirect Taxes Amidst huge expectations, the Hon’ble Finance Minister Shri. Arun Jaitley presented the first full-year Budget of the Hon’ble Prime Minister Shri. Narendra Modi's Government on February 28, 2015, Satur...
Continue Reading...
Category : Budget |
Comments :
0 | Hits : 1254 |
|
Budget Highlights
Posted Date : 28-Feb-2015 , 04:20:18 pm | Posted By
Upasana Upadhyay
INDIRECT TAXES
GST (Goods & service Tax) will roll out from 01.04.2016.
Excise Duty and cess hiked from 12.36% to 12.50%.
Service Tax hiked to 14%.
ITC under indirect tax can be taken up to 1 year instead of 6months as envisaged earl...
Continue Reading...
Category : Budget |
Comments :
1 | Hits : 1048 |
|
Taxability of Chaotic Interest incomes from acquisition of Land
Posted Date : 27-Feb-2015 , 03:27:34 pm | Posted By
Hemant
TAXABILITY OF CHAOTIC INTEREST INCOMES FROM ACQUISITION OF LAND LAND Acquisition Bill a most heated topic during the budget session of the year 2015. Central Government is in a hurry to pass the land acquisition bill to make it a complete legislation. However, the Anna’s new movement ag...
Continue Reading...
Category : Income Tax |
Comments :
0 | Hits : 808 |
|
Service received by petitioner assessee not chargeable to ST
Posted Date : 27-Feb-2015 , 03:24:16 pm | Posted By
Rahul Jindal
IN THE HIGH COURT OF BOMBAY
TCS E-SERVE LTD
Vs
UNION OF INDIA AND ORS
Dated: February 23, 2015
ST - Tribunal holding that services received by petitioner assessee cannot be held chargeable to ST - Refund claimed on the strength of this order was rejected by Revenue on the ground ...
Continue Reading...
Category : Service Tax |
Comments :
0 | Hits : 234 |
|
Pre-deposit has to be waived off if Assessee
Posted Date : 25-Feb-2015 , 02:24:54 pm | Posted By
CA Bimal Jain
Dear Professional Colleague, Pre-deposit has to be waived off if Assessee’s case is a good/ strong prima facie case covered by a binding precedent We are sharing with you an important judgment of Hon’ble High Court, Allahabad, in the case of Shukla & Brothers Vs. Customs, Excise &...
Continue Reading...
Category : Service Tax |
Comments :
0 | Hits : 291 |
|
Norms on eligibility, empanelment and selection of Statutory Central Auditors in Public Sector Banks
Posted Date : 24-Feb-2015 , 11:07:37 pm | Posted By
CA.Khurana Vivek
Norms on eligibility, empanelment and selection of Statutory Central Auditors in Public Sector Banks
(i) The auditing firm shall have a minimum 7 full time chartered accountants, of which at least 5 should be full time partners exclusively associated with the firm. The remaining 2 coul...
Continue Reading...
Category : Auditing |
Comments :
0 | Hits : 1135 |
|
Procedure for Appointment of Statutory Auditors in Public Sector Banks
Posted Date : 24-Feb-2015 , 11:00:03 pm | Posted By
CA.Khurana Vivek
PROCEDURE FOR APPOINTMENT OF STATUTORY AUDITORS IN PUBLIC SECTOR BANKS.
Statutory Central Auditors (SCAs)
1. The number of SCAs to be appointed in PSB will be as under:
i) Category “A” Banks (Large Banks viz. Bank of Baroda, Bank of India, Canara...
Continue Reading...
Category : Auditing |
Comments :
0 | Hits : 2620 |
|
MYTH ABOUT CA EXAM
Posted Date : 24-Feb-2015 , 03:11:17 pm | Posted By
Soniya
During Exam Time we study for long hours, the level of Stress affects the working of our brain , the fear of syllabus not complete keep us awake late night , these are most common situation during CA/CS/CWA or any professional Exam Time , I am listing from my experience some ...
Continue Reading...
Category : Students Zone |
Comments :
1 | Hits : 570 |
|
Management and administration under Co. Act, 2013
Posted Date : 23-Feb-2015 , 05:30:29 pm | Posted By
Vivek Parakh
Provisions related to Management and Administration – Part 4 Minutes of proceedings of general meeting, meeting of board of directors and other meeting and resolution passed by postal ballot
A separate minute book shall be maintained for each type of meeting namely:
General meeting of m...
Continue Reading...
Category : Corporate Law |
Comments :
0 | Hits : 403 |
|
Inputs used in manufacture of finished goods destroyed in fire
Posted Date : 23-Feb-2015 , 11:35:28 am | Posted By
Rahul Jindal
Rule 57A does not mandate that credit can be claimed only if there is emergence of final product or that manufacture of final product is complete - Credit admissible on inputs destroyed in fire: High Court FEB 17, 2015: This is a Revenue appeal against the order passed by the Tribunal. T...
Continue Reading...
Category : Service Tax |
Comments :
1 | Hits : 1006 |
|
Condonation of filing the delay
Posted Date : 23-Feb-2015 , 10:45:56 am | Posted By
Rahul Jindal
ST - Govt departments are working with depleted staff strength - Finance & Accounts Manager is crucial post and its vacancy vital element and factor - In such circumstances, by imposition of costs, discretion could have been exercised by Tribunal in favour of statutory entity: High Court
...
Continue Reading...
Category : Service Tax |
Comments :
0 | Hits : 477 |
|
Input Credit mechanism under proposed GST regime-The milestone to achieve
Posted Date : 22-Feb-2015 , 09:32:23 am | Posted By
CA Vinod Kumar
Input Credit mechanism under proposed GST regime-The milestone to achieve
BACKGROUND:
Before I begin this article it is worthwhile to discuss the background behind this since as of today no professional as well dealer is sure about the consequences of proposed GST legislatio...
Continue Reading...
Category : GST |
Comments :
0 | Hits : 567 |
|
Management and Administration under Co. Act 2013 - Part-3
Posted Date : 21-Feb-2015 , 04:28:54 pm | Posted By
Vivek Parakh
Provisions related to Management and Administration – Part 3
Voting through electronic means
Listed Co. or Company having 1000 or more shareholders shall provide the facility to vote at general meetings by electronic means.
Procedure to be followed:
Notices of meetings shall be ...
Continue Reading...
Category : Corporate Law |
Comments :
0 | Hits : 476 |
|
Interest on delayed refund is permissible from expiry of 3 months
Posted Date : 21-Feb-2015 , 12:33:47 pm | Posted By
CA Bimal Jain
Dear Professional Colleague, Interest on delayed refund is permissible from expiry of 3 months’ from the date of filing of Refund application and not from the date of Refund Order We are sharing with you an important judgment of Hon’ble CESTAT, Ahmedabad, in the case of Tata Chemicals ...
Continue Reading...
Category : Excise |
Comments :
0 | Hits : 563 |
|
Income Tax Refund may get delayed this year
Posted Date : 19-Feb-2015 , 08:07:24 am | Posted By
May I Help You.
Your wait for the income tax refund cheque could get longer. The government, racing against time to meet its budgeted revenue targets, may decide to defer dispatching the tax refund amounts until next year.
This money retained in the state's coffers will only help show a less weak governmen...
Continue Reading...
Category : Income Tax |
Comments :
0 | Hits : 933 |
|
Sum paid as a pure agent of service recipient is not includible in value of services
Posted Date : 17-Feb-2015 , 01:53:55 pm | Posted By
CA Bimal Jain
Dear Professional Colleague, Sum paid as a pure agent of service recipient is not includible in value of services We are sharing with you an important judgment of Hon’ble High Court, Chhattisgarh, in the case of Union of India Vs. Raj Wines [(2015) 53 taxmann.com 445 (Chhattisgarh)] on the f...
Continue Reading...
Category : Service Tax |
Comments :
0 | Hits : 413 |
|
|
