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 : 1214

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 : 885

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 : 890

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 : 513

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 : 906

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 : 359

Posted Date : 16-Oct-2014 , 07:55:08 pm | Posted By CA Bimal Jain

Dear Professional Colleague, Services provided to Foreign Principals for marketing their products in India qualify as an export of service We are sharing with you an important judgment of the Hon’ble CESTAT, Delhi in the case of Microsoft Corporation (I) (P) Ltd. Vs. Commissioner of Service...

Continue Reading...

Category : Service Tax | Comments : 0 | Hits : 829

Posted Date : 15-Oct-2014 , 02:23:16 pm | Posted By CA Bimal Jain

Dear Professional Colleague, No penalty if there is mass unawareness about taxability of certain service We are sharing with you an important judgment of the Hon’ble Allahabad High Court in the case of H.M. Singh & Co. Vs. Commissioner of Central Excise, Customs & Service Tax [2014 (...

Continue Reading...

Category : Service Tax | Comments : 1 | Hits : 3056

Posted Date : 12-Oct-2014 , 08:45:35 pm | Posted By CA. KUMAR ASHUTOSH

*Form MGT-14 requires filing for following below mention Resolutions:*<a href="http://www.shopfifa15.co.uk/">Shop FIFA 15</a>   1.      Section- 8:                For a company...

Continue Reading...

Category : Corporate Law | Comments : 0 | Hits : 1563

Posted Date : 10-Oct-2014 , 06:52:09 pm | Posted By CA Bimal Jain

Dear Professional Colleague, Interest allowable on refund of pre-deposits We are sharing with you an important judgment of Hon’ble Delhi High Court in the case of Afcons Infrastructure Ltd. Vs. Union of India [(2014) 49 taxmann.com 79 (Delhi)] on the following issue: Issue: Whether communi...

Continue Reading...

Category : Excise | Comments : 0 | Hits : 373

Posted Date : 06-Oct-2014 , 01:01:37 pm | Posted By CA Bimal Jain

Dear professional college, No Penalty in the absence of mens rea We are sharing with you an important judgment of Hon’ble CESTAT, DELHI in the case of Mohan Poddar Vs. CCE, Raipur [2014 (9) TMI 782 - CESTAT NEW DELHI] on the following issue: Issue: Whether the penalty Under Section 78 of t...

Continue Reading...

Category : Service Tax | Comments : 0 | Hits : 398

Posted Date : 05-Oct-2014 , 07:01:00 pm | Posted By Manoj Lamba

 REVISION OF TAX AUDIT REPORT   The system of Tax Audit u/s 44AB has changed drastically in recent time. Particularly the change of manual filling to non filling and now from non filling to e filling has raised lot of questions and confusions in mind of Accountants. The Some of many concer...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 1332

Posted Date : 04-Oct-2014 , 02:53:27 pm | Posted By Ankit Mangla

Related Party Transaction under New Regime Requirement of the Companies Act, 2013   A.Following are the Related parties as per section 2(76) i. Director / Key Managerial Personnel and their Relatives ii. Firm in which Director or Manager or relative is a partner iii. Private limited com...

Continue Reading...

Category : Corporate Law | Comments : 0 | Hits : 947

Posted Date : 01-Oct-2014 , 03:15:46 pm | Posted By CA Akshay Joshi

Requirement for certificate of an accountant under Rule 37BB, or certificate in form 15CB as it is popularly known, originates from Section 195 (6) of Income Tax Act, 1961 (“the Act”) which requires a person making payment to a non resident to furnish information relating to such payment...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 629

Posted Date : 25-Sep-2014 , 03:35:42 pm | Posted By Pratik

Service Tax –Key Points Introduction Service tax is a tax levied by the government on service providers on certain service transactions, but is actually borne by the customers. It is categorized under Indirect Tax and came into existence under the Finance Act, 1994.  The service provid...

Continue Reading...

Category : Service Tax | Comments : 0 | Hits : 1030

Posted Date : 24-Sep-2014 , 02:12:25 pm | Posted By Vimmi

1- मुझे उचित शिक्षा लेने का अवसर नही मिला... उचित शिक्ष...

Continue Reading...

Category : General | Comments : 0 | Hits : 836

Posted Date : 24-Sep-2014 , 11:24:15 am | Posted By CA Paras Dawar

Income Tax implications on conversion of a Company into LLP  The onset of Companies Act 2013 has ushered a paradigm shift in operation and management of companies. The benefits which, hitherto were available to Private Companies in the erstwhile Companies Act, have to a large extent receded. ...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 542

Posted Date : 23-Sep-2014 , 10:22:48 pm | Posted By Nimisha

The Ministry of Corporate Affairs has issued a notification w.r.t. Companies (Appointment & Qualification of Directors) Amendment Rules, 2014 dated 18th September, 2014. The effect of the amendment made in Companies (Appointment & Qualification of Directors) Rules, 2014 are as follows: &nbs...

Continue Reading...

Category : Corporate Law | Comments : 0 | Hits : 905

Posted Date : 22-Sep-2014 , 01:07:34 pm | Posted By Deepanshu Bansal

IMPORTANCE OF FUNCTIONS, ASSETS AND RISK (“FAR”) ANALYSIS IN TRANSFER PRICING     Introduction   Transfer pricing has become the most significant source of litigation in India and is increasingly becoming a regular discussion point in the board room of large Indian and ...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 501

Posted Date : 17-Sep-2014 , 08:09:19 am | Posted By Vimmi

इनकम टैक्स विभाग ने पूरे चार्टर्ड अकाउंटेट्स की कì...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 2805