Posted Date : 09-Mar-2014 , 03:41:07 pm | Posted By Surbhi Singhal

                Currency fluctuation is a phenomenon that is important to understand due to various reasons. At the very outset, it may not seem necessary for individuals who have no export or import business, or for the ones who are not planning a trip a...

Continue Reading...

Category : Finance | Comments : 0 | Hits : 527

Posted Date : 09-Mar-2014 , 01:14:56 pm | Posted By CA GOURAV MURARKA

सेंट्रल बोर्ड ऑफ डायरेक्ट टैक्सेस (सीबीडीटी) ने ई-र...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 835

Posted Date : 04-Mar-2014 , 07:26:12 pm | Posted By CA Bimal Jain

Dear Professional Colleague,   Importers issuing Cenvatable invoices require registration under Central Excise & consequential amendments     Background:   Rule 9 of the Central Excise Rules, 2002 (“the Excise Rules”) provides the list of persons who are req...

Continue Reading...

Category : Excise | Comments : 0 | Hits : 448

Posted Date : 04-Mar-2014 , 06:11:41 pm | Posted By Ankur Kumar Gupta

INTRODUCTION   On retirement, an employee normally receives certain retirement benefits. Such benefits are taxable under the head ‘Salaries’ as “profits in lieu of Salaries” as provided in section 17(3). However, in respect of some of them, exemption from taxation is g...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 617

Posted Date : 01-Mar-2014 , 08:22:03 pm | Posted By ANURAG PANDEY

THE DAY AND THE WAY I CLEARED CHARTERED ACCOUNTANCY   Yeeessssssssssssssssss I am a CA !! I shouted… This was my first reaction when I heard that I have cleared both groups of CA Final in Nov’2012 attempt. It was 21st Jan’2013 and I was in my GMCS class.Everyone in&nbs...

Continue Reading...

Category : Students Zone | Comments : 0 | Hits : 708

Posted Date : 28-Feb-2014 , 05:55:01 pm | Posted By Hem Chhajed

Introduction   The issue is covered in this article is whether the remuneration received by the partners from the partnership firms is subject to service tax.   As per section 4 of the Indian Partnership Act, 1932 ‘partnerships’ is the relationship between persons who have ...

Continue Reading...

Category : Service Tax | Comments : 0 | Hits : 2577

Posted Date : 26-Feb-2014 , 07:16:08 pm | Posted By CA Bimal Jain

Dear Professional Colleague, Amendment in distribution of Cenvat Credit by ISD from 1st April, 2014 The CBEC vide Notification No. 05/2014-Central Excise (N.T.) dated February 24, 2014 (“the Notification”) has amended Rule 7 of the Cenvat Credit Rules, 2004 (“the Credit Rules&rd...

Continue Reading...

Category : Service Tax | Comments : 0 | Hits : 583

Posted Date : 25-Feb-2014 , 08:58:53 am | Posted By Vimmi

In India, the gravity of Independent Directors (referred as “ID’s”) was recognized with the introduction of corporate governance. The Companies Act, 1956 (referred as “the Act, 1956”) do not directly talks about ID’s, as no such provision exists regarding the comp...

Continue Reading...

Category : Corporate Law | Comments : 0 | Hits : 712

Posted Date : 18-Feb-2014 , 03:20:10 am | Posted By CA Bimal Jain

Highlights of Interim Union Budget 2014-15 Dear Professional Colleague, The Hon’ble Finance Minister P. Chidambaram presented the Interim Budget for the fiscal year 2014-15 on Monday, February 17, 2014 to cover expenditure until the Government's term ends in May, 2014. While presenting the I...

Continue Reading...

Category : Service Tax | Comments : 1 | Hits : 775

Posted Date : 17-Feb-2014 , 05:47:11 am | Posted By Smit Shah

Accounting and Tax Implication on conversion of Private Company to LLP   Before starting with anything we shall have the Overview of LLP its Enactment, features, Constitution etc.   Background of LLP:   LLP as a structure is not new in the International Scenario .Most western ec...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 1562

Posted Date : 14-Feb-2014 , 08:16:15 am | Posted By Vimmi

Here are some tips for tax planning if you are looking for tax saving instrument.   ► Calculate what is the exact amount still pending for investment to get the benefit u/s 80-C. If you are not sure then, consult your C.A. or Tax Consultant. You can also consult Financial Plan...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 1554

Posted Date : 24-Jan-2014 , 05:08:49 pm | Posted By Niraj

Considering many aspects, it is a matter of confusion for the CA Students specially whether to go for satellite class or face to face class.   I am presenting an article in the above mentioned topic so that the confusion among us could be reduced/removed to some extent.   The technolog...

Continue Reading...

Category : Students Zone | Comments : 0 | Hits : 664

Posted Date : 24-Jan-2014 , 01:03:18 pm | Posted By Dulichand Kushwaha

POWER OF CENTRAL GOVERNMENT TO DIRECT COMPANIES TO FURNISH INFORMATION OR STATISTICS (SECTION 405):   The Central Government may by order companies generally or any company or class of company to furnish any information or statistic with regard to constitution or working of the company within...

Continue Reading...

Category : Corporate Law | Comments : 0 | Hits : 472

Posted Date : 24-Jan-2014 , 12:57:40 pm | Posted By Dulichand Kushwaha

Section 406 deals with Nidhi companies.   “Nidhi” means a company which has been incorporated as a Nidhi with the object of cultivating the habit of thrift and savings amongst its members, receiving deposits from, and lending to, its members only, for their mutual benefit, and whi...

Continue Reading...

Category : Corporate Law | Comments : 0 | Hits : 619

Posted Date : 24-Jan-2014 , 12:37:50 pm | Posted By Dulichand Kushwaha

ESTABLISH OF SPECIAL COURT (SECTION 435):   The Central Government may for the purpose of providing speedy trial of offences under this Act, by notification establish or designate Special Courts.   A Special Court shall consist of a single judge appointed by the Central Government. The...

Continue Reading...

Category : Corporate Law | Comments : 0 | Hits : 424

Posted Date : 21-Jan-2014 , 12:15:48 pm | Posted By Dulichand Kushwaha

REGISTRATION OFFICES (SECTION 396):   For exercising powers and discharging functions conferred on the Central Government under this Act, the Central Government shall by notification establish such number of offices at such places as it thinks fit, specifying their jurisdiction.   The ...

Continue Reading...

Category : Corporate Law | Comments : 0 | Hits : 501

Posted Date : 21-Jan-2014 , 11:55:19 am | Posted By Surendra Kumar Dash

TDS related forms and rules regarding digital signature of TDS return has been changed through INCOME-TAX (SECOND AMENDMENT) RULES, 2013 – AMENDMENT IN RULES 31A & 31AA; SUBSTITUTION OF RULES 31ACB, 37J and FORM NOS.15G, 15H, 16, 16A, 24Q, 26Q, 27C, 27D, 27Q & 27EQ and INSERTION OF FOR...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 348

Posted Date : 21-Jan-2014 , 12:19:49 am | Posted By Surbhi Singhal

                Finance and economics share an inseparable bond since ages. Yet we finance professionals, or to-be finance professionals of different fields such as CA, CS, CMA commit the sin of keeping ourselves separate from economics, yet claiming to b...

Continue Reading...

Category : General | Comments : 1 | Hits : 474

Posted Date : 19-Jan-2014 , 04:28:33 pm | Posted By CA Bimal Jain

Dear Professional Colleague,   Service recipient is required to reimburse Service Tax paid by the Service provider   We are sharing with you an important judgement of the Hon’ble Allahabad High Court  in the case of M/s Bhagwati Security Services (Regd.) Versus Union of Indi...

Continue Reading...

Category : Service Tax | Comments : 0 | Hits : 664

Posted Date : 17-Jan-2014 , 01:26:12 pm | Posted By CA Bimal Jain

Dear Professional Colleague,   No TDS on Service Tax if shown separately   Pursuant to an important judgement of the Hon’ble Rajasthan High Court, in the case of Commissioner of Income Tax (TDS), Jaipur Vs. M/s. Rajasthan Urban Infrastructure [2013 (8) TMI 12 – RAJASTHAN H...

Continue Reading...

Category : Service Tax | Comments : 0 | Hits : 1126