Posted Date : 04-Apr-2014 , 09:46:53 am | Posted By Namrata

Companies Acceptance of Deposit (Section 73 to Section 76 of the companies Act 2013) 283 sections of the Companies Act 2013 have been made effective now. Private Companies have also been brought under the purview of the compliances of Companies Act 2013. Earlier private companies were allowed to ...

Continue Reading...

Category : Corporate Law | Comments : 0 | Hits : 1116

Posted Date : 04-Apr-2014 , 07:32:28 am | Posted By Vimmi

Want to gift a property or life time savings to your loved ones? Or have you received a car as a gift on your birthday? Are you worried about the cash gifts received on your wedding? Enjoy giving or receiving gifts guilt-free once you are mindful of the gifting provisions in India. As per current...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 1031

Posted Date : 03-Apr-2014 , 11:40:26 am | Posted By CA GOURAV MURARKA

39 new forms from 14/04/2014 plz read the same First new form name is given then its purpose is mentioned and corresponding old forms details which we use to file  1.       INC-1 Application for reservation of name – old form  1A 2.   &...

Continue Reading...

Category : Corporate Law | Comments : 0 | Hits : 1377

Posted Date : 02-Apr-2014 , 04:05:16 pm | Posted By CA Bimal Jain

Dear Professional Colleague,   Services performed in India for a service recipient located abroad are export of services We are sharing with you an important judgment of the Hon’ble CESTAT, New Delhi in the case of Gap International Sourcing (India) Pvt. Ltd. Vs. Commissioner of Servi...

Continue Reading...

Category : Service Tax | Comments : 0 | Hits : 508

Posted Date : 30-Mar-2014 , 04:37:00 pm | Posted By Keshav Kumar KC

Foreign Exchange Market     Meaning The foreign exchange market (forex) is a global decentralized market for the trading of currencies. The main participants in this market are the larger international banks. Financial centres around the world function as anchors of tradi...

Continue Reading...

Category : General | Comments : 0 | Hits : 463

Posted Date : 16-Mar-2014 , 01:39:37 pm | Posted By ARUN GUPTA

“WEBSITE”-WHETHER CONSTITUTES A PERMANENT ESTABLISHMENT IN THE SOURCE COUNTRY                                   &...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 653

Posted Date : 14-Mar-2014 , 09:26:53 pm | Posted By Anchal

Salary, in simple words, means remuneration of a person, which he has received  from his employer for rendering services to him. But receipts for all kinds of  services rendered cannot be taxed as salary. The remuneration received by  professionals like doctors, architects, lawyers...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 381

Posted Date : 12-Mar-2014 , 06:33:37 pm | Posted By CA Bimal Jain

Dear Professional Colleague, Chit fund business constitutes ‘transaction in money’ and not liable to service tax Recently, the Hon’ble Supreme Court of India, dismissed the SLP filed by the Union of India against the judgment of the Hon’ble Delhi High Court in the case of U...

Continue Reading...

Category : Service Tax | Comments : 0 | Hits : 437

Posted Date : 11-Mar-2014 , 04:52:04 pm | Posted By HIMANSHU GUPTA

                      Inflation Indexed Bonds:  Now Savings Outperform Inflation Investors who desire predictable real cash flows can now include indexed bonds in their portfolios. The certain real return will be attractive to investors ...

Continue Reading...

Category : Finance | Comments : 0 | Hits : 1006

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 : 596

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 : 839

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 : 456

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 : 645

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 : 736

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 : 2597

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 : 598

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 : 785

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 : 802

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 : 1643

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 : 1561