Posted Date : 21-Nov-2014 , 10:38:04 pm | Posted By Hemant

LOOPHOLE IN SECTION 139 OF THE COMPANIES ACT, 2013 The legislature in their wisdom decided to plug loopholes of the erstwhile Companies Act, 1956 by inclusion of various new provisions to prevent frauds in the Companies Act, 2013 which were not a part of the erstwhile Companies Act. The noble int...

Continue Reading...

Category : Corporate Law | Comments : 0 | Hits : 1071

Posted Date : 21-Nov-2014 , 03:10:07 pm | Posted By CA Bimal Jain

Dear Professional Colleague, Cenvat credit of transferred unit cannot be denied when all assets and liabilities are transferred to Assessee We are sharing with you an important judgement of the Hon’ble Mumbai CESTAT, in the case of Jai Corporation Ltd. Vs. CCE Vapi [2014 (11) TMI 29 - CESTA...

Continue Reading...

Category : Excise | Comments : 0 | Hits : 348

Posted Date : 21-Nov-2014 , 03:06:07 pm | Posted By CA Bimal Jain

Dear Professional Colleague, Authorities to take expeditious steps to sanction refunds – Order marked to the Finance Minister for consideration We are sharing with you an important judgement of the Hon’ble Mumbai CESTAT, in the case of Vodafone (I) Ltd. Vs. Commissioner of Service Tax,...

Continue Reading...

Category : Service Tax | Comments : 0 | Hits : 397

Posted Date : 20-Nov-2014 , 02:08:38 pm | Posted By MD TASLEEM AHMAD KARIMI

                                Pradhan Mantri Jan - Dhan Yojana : On Track or Derailed.     “Pradhan Mantri Jan - Dhan Yojana&...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 850

Posted Date : 19-Nov-2014 , 07:33:25 pm | Posted By CA Bimal Jain

Dear Professional Colleague, CBEC clarification regarding availment of Cenvat credit on Inputs/ Input Services after six months Background: The CBEC vide Notification No. 21/2014-CE (NT), dated July 11, 2014 (Applicable w.e.f September 1, 2014) [“Notification No. 21”], has amended Rul...

Continue Reading...

Category : Service Tax | Comments : 0 | Hits : 668

Posted Date : 17-Nov-2014 , 04:44:45 pm | Posted By Rishi Goyal

Serial No Service Service Provider Service Receiver 1 Any service Any person United Nations Specified International Organization e.g. WTO   2 Health care Service  i.e. Diagnosis/treatment ...

Continue Reading...

Category : Service Tax | Comments : 0 | Hits : 496

Posted Date : 17-Nov-2014 , 11:40:04 am | Posted By Manindar Kakarla

The Row over Constitutional Validity of Service Tax on Restaurant Services   Introduction: Constitutional validity of service tax levy on restaurant services has turned out to be one of the contentious issues. This issue has its origin somewhere in early 1980’s, when States proceed...

Continue Reading...

Category : Service Tax | Comments : 0 | Hits : 420

Posted Date : 14-Nov-2014 , 12:18:54 pm | Posted By CA Bimal Jain

Dear Professional Colleague, Service tax on Restaurants and Hotels - We are sharing with you an important judgment of Division Bench of the Hon’ble Kerala High Court in the case of Union of India and Others Vs. Kerala Bar Hotels Association and Others [2014-TIOL-1913-HC-KERALA-ST] on the fo...

Continue Reading...

Category : Service Tax | Comments : 0 | Hits : 1280

Posted Date : 12-Nov-2014 , 09:17:59 am | Posted By Hemant

NACAS OF COMPANIES ACT 1956 Vis-à-vis NFRA OF COMPANIES ACT 2013 (National Advisory Committee on Accounting Standard vis-à-vis National Financial Reporting Authority)   As a corporate professional one should be equipped with the knowledge of the bodies set up under the company la...

Continue Reading...

Category : Corporate Law | Comments : 0 | Hits : 631

Posted Date : 06-Nov-2014 , 06:59:09 pm | Posted By CA Bimal Jain

Dear Professional Colleague, Demand not sustainable only because the Assessee had admitted Service tax liability We are sharing with you an important judgement of the Hon’ble High Court of Andhra Pradesh, in the case of Commissioner, Customs and Central Excise, Meerut-I Vs. RS. Travels [2014...

Continue Reading...

Category : Service Tax | Comments : 0 | Hits : 478

Posted Date : 05-Nov-2014 , 10:23:07 am | Posted By Abhishek Kumar

Hello Professionals,   As we know there have been continuous going changes in Compliance of Co Act 2013. This time MCA has done before some days by" NOTIFYING" Form ADT-1 for Auditor’s Appointment w.e.f. 20th October 2014.   Earlier we were submitting Form GNL- 2 for Auditor&rs...

Continue Reading...

Category : Corporate Law | Comments : 0 | Hits : 1691

Posted Date : 04-Nov-2014 , 11:18:22 am | Posted By Hardik Mehta

ગુજરાત વેટના  નિયમોમાં થયેલ સુધારાઓ અંગે (તા. ૧૫/૧૦/&#...

Continue Reading...

Category : VAT | Comments : 0 | Hits : 1939

Posted Date : 29-Oct-2014 , 12:28:31 pm | Posted By RATHI

Classification of Urban Co-operative Banks (UCBs) as Financially Sound and Well Managed (FSWM) The RBI, vide its’ Circular UBD.CO.LS.(PCB).Cir.No.24/07.01.000/2013-14 dated October 1,fifa 15 ps3 coins 2013 had laid out the criteria for FSWM Banks.  Modifying its earlier instructions, v...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 2565

Posted Date : 29-Oct-2014 , 11:15:13 am | Posted By CA Afzal Hussain

"How to learn"  "Learning is your fixed Assets" & "Reading is your Current Assets"" Dear Friends/ Students, I was of the view that during the age of CA study, every one is smart enough to read....best place to buy fifa coins but you know when something goes back of mind need to bring it ...

Continue Reading...

Category : Students Zone | Comments : 0 | Hits : 1000

Posted Date : 28-Oct-2014 , 08:32:38 am | Posted By Vimmi

Institute of Chartered Accountants of India (ICAI) CA Final Exam will begin from November 7 and end on November 21. Tips for preparation during last 10 days: Be positive and motivated: Many students have this tendency to take lots of pressure which makes them demotivated and sacred for t...

Continue Reading...

Category : Students Zone | Comments : 0 | Hits : 1211

Posted Date : 27-Oct-2014 , 12:46:14 pm | Posted By Pradeep Singh

Diversion of Funds: The early warning signals which help in detecting diversion of funds are indicated below:- 1. Poor credit turnover in the account. 2. Credit turnover is not commensurate with the sales estimate. 3. Routing of transactions through other Bank/ Non Member Banks. 4. Frequent reque...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 882

Posted Date : 24-Oct-2014 , 09:54:51 pm | Posted By Abhishek Kumar

CHART SHOWING COMPUTATION  OF  “SALARY”  INCOME Relationship of employer and employee must exist to create salary income.               Only receipts from employer are taxable under this head. Receipt&nb...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 870

Posted Date : 24-Oct-2014 , 01:28:46 pm | Posted By Abhishek Kumar

                                                                Transfer Pricing Transfer Pricing Sometime an Indian company can associate ...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 506

Posted Date : 22-Oct-2014 , 12:31:04 am | Posted By Ankur Dudani

How to check Purchases in any organisation during Audit:- Remember that during audit/auditing whatever document you take from client take his signature on the same basically its a approval from client side that we provided the document to auditor and the provided document discloses correct informat...

Continue Reading...

Category : Auditing | Comments : 0 | Hits : 892

Posted Date : 21-Oct-2014 , 04:34:30 pm | Posted By CA Afzal Hussain

I congratulate you all on your success on this auspicious occasion and wish you all a "Very Happy Deepawali. <a href="http://www.shopfifa15.co.uk/">Shop FIFA 15</a> <a href="http://www.fifavipcoins.com/">fifa coins 15</a><a href="http://www.ffcoins.co.uk/">buy fi...

Continue Reading...

Category : General | Comments : 0 | Hits : 358