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 : 1069

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 : 848

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 : 626

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 : 956

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 : 536

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 : 2823

Posted Date : 15-Sep-2014 , 09:35:40 pm | Posted By RATHI

THE CHANGING FACE OF INDIAN BANKING The Changing Decade :- Indian banking is passing through a phase of rapid transition which was initiated with the reforms of the financial sector that was initiated by the Central Government since 1991 when India faced its worst Balance of Payments Crisis in its...

Continue Reading...

Category : Banking | Comments : 1 | Hits : 1220

Posted Date : 12-Sep-2014 , 08:48:23 pm | Posted By Csdiveshgoyal

  PROCESS TO RAISE CAPITAL FOR UNLISTED COMPANIES UNDER NEW COMPANIES ACT-2013, GOYAL DIVESH & ASSOCIATES 1. PROCEDURE FOR ALLOTMENT OF RIGHT ISSUE OF SHARES:   Call a Board meeting by issue notice of meeting. (Draft Format Attached) Approve right issue including "letter ...

Continue Reading...

Category : Corporate Law | Comments : 0 | Hits : 1778

Posted Date : 12-Sep-2014 , 04:51:13 pm | Posted By Vimmi

An associate or a fellow member, who has been in practice continuously, whether in India, or    elsewhere or an associate or a fellow who is employed as a paid assistant with a chartered accountant in practice or in a firm of such chartered accountants shall only be eligible to...

Continue Reading...

Category : Students Zone | Comments : 1 | Hits : 7583

Posted Date : 12-Sep-2014 , 12:35:49 pm | Posted By CA Paras Dawar

Reassessment order u/s 147without first disposing off the preliminary objections raised by the assessee can not be sustained and is thus liable to be quashed   Supreme Court in GKN Driveshafts (India) Ltd. vs. ITO & Ors. (2003) 259 ITR 19 had devised the proc...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 414

Posted Date : 06-Sep-2014 , 11:52:26 am | Posted By CA Paras Dawar

Assessee Can Claim Reasons For Issue Of Notice U/S 148 Before Filing Of Return U/S 148.   Section 148 of the Income Tax Act, 1961 is possibly the most belligerent combat tank in the armory of Income Tax Department. This tank has been further strengthened by recent amendments by Finance A...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 569

Posted Date : 06-Sep-2014 , 11:51:25 am | Posted By CA Paras Dawar

Assessee claim deduction of Interest on Housing Loan to acquire house property u/s 24(b) and simultaneously HRA exemption on rent paid (if he resides in property other than acquired). Further upon sale of said property, interest already claimed as deduction u/s 24(b) can be added to cost of property...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 747

Posted Date : 05-Sep-2014 , 05:41:37 pm | Posted By CA. KUMAR ASHUTOSH

PROCESS TO GET STATUS OF DORMANT UNDER COMPANY ACT- 2013   Section-455 of Companies Act, 2013 talks about a New Provision Calls “DORMANT COMPANY”. This concept was not there in Companies Act, 2013. Another Name of this concept by Professionals is “ASSET SHIELDING CONCEP...

Continue Reading...

Category : Corporate Law | Comments : 0 | Hits : 829

Posted Date : 30-Aug-2014 , 03:45:06 pm | Posted By Aaditya Deshwal

The government is trying to find a middle ground to break the Goods and Services Tax (GST) deadlock. A viable compensation structure for likely revenue loss to states has become a major stumbling block. The finance ministry is now proposing a new law for addressing the states concerns which will hav...

Continue Reading...

Category : GST | Comments : 0 | Hits : 437

Posted Date : 28-Aug-2014 , 05:16:37 pm | Posted By CA. Brijesh Baranwal

DEMAND U/S 143(1) BY INCOME TAX DEPARTMENT AND RECTIFICATION THEREOF U/S 154 Income Tax Return filing season for certain class of assessees including individuals not falling under tax audit provisions has just been over and by now the Income Tax Department (the Department) has already started pro...

Continue Reading...

Category : Income Tax | Comments : 1 | Hits : 4272

Posted Date : 27-Aug-2014 , 12:17:57 pm | Posted By CA Bimal Jain

Important Service Tax amendments applicable from 1st October, 2014 Dear Professional Colleague, We are sharing with you certain amendments made vide recent Notifications dated August 25, 2014 issued by the Central Board of Excise & Customs (“the CBEC”): Fixation of date of appli...

Continue Reading...

Category : Service Tax | Comments : 0 | Hits : 1269

Posted Date : 21-Aug-2014 , 06:22:21 pm | Posted By Vimmi

S No. Clause Clause No. Requirements 1 Whether the assessee is liable to pay indirect tax like excise duty, service tax, sales tax, customs duty,etc. if yes, please furnish the registration number or...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 1413

Posted Date : 11-Aug-2014 , 08:32:26 am | Posted By Nimisha

To a large degree, it is the quality and growth of a company's earnings that drive its stock price. Therefore, it is imperative that investors understand the various indicators used to measure profitability. The income statement is the principal source of data to accomplish a profitability analysis,...

Continue Reading...

Category : Finance | Comments : 0 | Hits : 584

Posted Date : 06-Aug-2014 , 07:16:11 pm | Posted By Nimisha

RBI cut the SLR (Statutory Liquidity Ratio) of banks by 50bps in its policy review on 5th of August 2014. Apart from this there was no change in policy rates on Repo and CRR (Cash Reserve Ratio) that were maintained at 8% and 4% respectively. RBI also reduced the HTM (Held to Maturity) portfolio l...

Continue Reading...

Category : Shares & Stock | Comments : 0 | Hits : 450

Posted Date : 06-Aug-2014 , 03:48:50 pm | Posted By CA Bimal Jain

Dear Professional Colleague, No Service Tax Audit by Department or CAG We are sharing with you an important judgment of the Hon’ble Delhi High Court in the case of Travelite (India) Vs. Union of India & Ors. [W.P. (C) 3774/2013, C.M. No. 7065/2013] on the following issue: Issue: Whet...

Continue Reading...

Category : Service Tax | Comments : 0 | Hits : 759