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
...
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Category : Service Tax |
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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...
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Category : GST |
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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 ...
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Category : Corporate Law |
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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 ...
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Category : Excise |
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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...
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Category : Income Tax |
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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...
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Category : Service Tax |
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Management and Administration under Co. Act 2013 - Part-2
Posted Date : 13-Feb-2015 , 08:05:03 pm | Posted By
Vivek Parakh
Provisions related to Management and Administration – Part 2
Provisions: (Section 100 to 107, read with Companies (Management and Administration) Rules, 2014
Calling of Extra Ordinary General Meeting (EGM)
EGM may be called in 2 ways: a) By Board and b) On Requisition.
Board ma...
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Category : Corporate Law |
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Posted Date : 13-Feb-2015 , 02:16:31 pm | Posted By
CA Bimal Jain
Dear Professional Colleague, SC upholds levy of Sales tax on processing and supplying of photographs - reiterates power to levy tax retrospectively We are sharing with you an important judgment of the Hon’ble Supreme Court, in the case of State of Karnataka Etc Vs. Pro LAB and Ors [2015-TIOL...
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Category : VAT |
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Cenvat credit availed on the invoices received prior to Service tax registration cannot be denied
Posted Date : 11-Feb-2015 , 04:57:42 pm | Posted By
CA Bimal Jain
Dear Professional Colleague, Cenvat credit availed on the invoices received prior to Service tax registration cannot be denied We are sharing with you an important judgment of Hon’ble CESTAT, New Delhi, in the case of JP. Kenny Ltd. Vs. CCE. & CST. - Delhi [2015 (1) TMI 1199 - CESTA...
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Category : Service Tax |
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NO Interest is chargeable u/s 234A on self Assessment tax
Posted Date : 11-Feb-2015 , 04:30:48 pm | Posted By
Soniya
Interest under Section 234A of the Income-tax Act, 1961 is charged in case of default in furnishing return of income by an assessee.
Calculation of Interest
Amount of tax payable on the total income &nbs...
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Category : Income Tax |
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Declared value of imported goods cannot be enhanced merely on the basis of NIDB data
Posted Date : 09-Feb-2015 , 01:02:01 pm | Posted By
CA Bimal Jain
Dear Professional Colleague, Declared value of imported goods cannot be enhanced merely on the basis of NIDB data We are sharing with you an important judgment of Hon’ble CESTAT, Chennai, in the case of Topsia Estates Pvt. Ltd. Vs. Commissioner of Customs, Chennai [(2015) 53 taxmann.com 345 ...
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Category : Custom |
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Change Object Clause
Posted Date : 09-Feb-2015 , 12:36:13 pm | Posted By
Dhroov Rajput
Change in Object Clause
Memorandum of Association contain details of object of company and other details of company. MOA & AOA are made when a company incorporate, this MOA & AOA Contain details of company such as object’s, directors or company registered...
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Category : Corporate Law |
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Procedure for Conducting Concurrent Audit of Banks
Posted Date : 08-Feb-2015 , 04:21:57 pm | Posted By
Vimmi
Areas to be Covered
Bank Concurrent Audit is a kind of internal audit/ where auditor responsibility is to review and correct assign bank branch internal control system.
However compare to other internal auditing, concurrent audit is little different; in concurrent audit auditor seats in branch for...
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Category : Auditing |
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TDS rate chart for financial year 2014-15
Posted Date : 08-Feb-2015 , 04:01:58 pm | Posted By
Vimmi
Section
Type of payment
Threshold limit
TDS Rate
192
Payment of salary
As per slab
-
193
Interest on security
5000
10
194
Dividend –deemed div u/s 222(e)
2500
10
194A
Interest...
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Category : Income Tax |
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Income tax slabs for A.Y. 2015- 16
Posted Date : 08-Feb-2015 , 03:55:11 pm | Posted By
Vimmi
income tax slabs for A.Y. 2015-16 (F.Y. 2014-15):
Income tax slabs for a.y. 2015-16 for individual (below age 60 years during previous year) or AOP, BOI, HUF, NRI, AJP (for woman and man):
Up to taxable income Rs. 250000
0
On taxable income exceeds Rs. 250000 but Does not exceed ...
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Category : Income Tax |
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WHAT TO EXPECT FROM BUDGET 2015
Posted Date : 06-Feb-2015 , 12:46:49 pm | Posted By
Soniya
BJP Government first budget under the leadership of Shri Narendra Modi making it the most crucial one. General Expectation of people from budget is favourable tax rates, more reliefs, deductions, easy tax Compliance etc. Every year in the month of February Finance Minister presents budget in parliam...
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Category : Budget |
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User Manual for filing Form-9 for the year 2013-14
Posted Date : 05-Feb-2015 , 01:46:09 pm | Posted By
Sanjay Arora
Online Form-9
USER MANUAL FOR FILING FORM-9 FOR THE YEAR 2013-14:
1. The return is to be filed annually by the dealers who ...
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Category : VAT |
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Posted Date : 05-Feb-2015 , 12:20:56 pm | Posted By
CA Bimal Jain
Dear Professional Colleague, Once the Assessee has filed an appeal by paying the mandatory pre-deposit amount of 7.5%, their bank account cannot be freeze We are sharing with you an important judgment of Hon’ble CESTAT, Mumbai, in the case of Kala Mines and Minerals Vs. Commissioner of Custo...
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Category : Service Tax |
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Posted Date : 04-Feb-2015 , 12:43:29 pm | Posted By
CA Bimal Jain
Dear Professional Colleague, Input Service Distributor need not be a ‘manufacturer’ or ‘output service provider’ for availing Cenvat credit We are sharing with you an important judgment of Hon’ble CESTAT, New Delhi, in the case of Moser Baer India Ltd. Vs. Commissione...
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Category : Service Tax |
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1st attempt CA writes about the books referred by him
Posted Date : 03-Feb-2015 , 10:18:20 am | Posted By
Ketan Gupta
About the Author
This article is authored by CA Ketan Gupta. He cleared his CA Final Examination in 1st attempt in examination held in November, 2014 with the following marks:
Financial Reporting
44
Strategic Financial Management (SFM)
43
Advanced Auditing &...
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Category : Students Zone |
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