Posted Date : 15-Jan-2013 , 04:12:55 pm | Posted By CMA Arif Farooqui

W.e.f from Financial Year 2011-12, Professional (CA, CMA, CS) signing MCA Annual Return have to certify whether Cost Accounting Record Rules -2011 (CARR) or Cost Audit Orders (CAO) are applicable on company or not and mention Product or Service Category Code (ITC/ NPCS 4 Digit Code).  They h...

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Category : Corporate Law | Comments : 0 | Hits : 957

Posted Date : 14-Jan-2013 , 10:49:16 pm | Posted By SHIKHA SONI

"Work is only as good as it's enjoyed, not as it's paid."  When you do what you love, your odds of success are much greater. You have more passion, more energy and more fun. When you enjoy your job, you look forward to Monday mornings. Your days fly by. You mak...

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Category : General | Comments : 0 | Hits : 386

Posted Date : 14-Jan-2013 , 10:34:01 pm | Posted By Vinay Sharma

  Don't be around that person all the time if you can help it. If you live with them, try to spend as much time as possible with other family members or with friends outside the home. Do something that doesn't involve the other person too much. You don't want to lear...

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Category : General | Comments : 0 | Hits : 365

Posted Date : 13-Jan-2013 , 09:18:30 pm | Posted By Puneet Goyal

ANALYSIS OF REVERSE CHARGE MECHANISM IN RESPECT OF MANPOWER SUPPLY SERVICES OR SECURITY SERVICES   (Before proceeding further please read the disclaimer at the bottom of this write up)   Now after introduction of negative list approach, in respect of above services, serv...

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Category : Service Tax | Comments : 1 | Hits : 13792

Posted Date : 13-Jan-2013 , 04:24:10 pm | Posted By CA Vinod Kumar

  BACKGROUND OF RULES I will start my article with the wordings of Finance Minister while presenting the Budget proposal for the financial year 2011-12, the Finance minister said that in order to “achieve a closer fit between the present service tax regime and its GST successor...

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Category : Service Tax | Comments : 0 | Hits : 1318

Posted Date : 10-Jan-2013 , 07:45:22 pm | Posted By Vinay Sharma

Banks may ensure that all debit cards issued by them are subject to the following guidelines: a) Board approved policy Banks may formulate a comprehensive debit cards issuance policy including policy on co-branded debit cards with the approval of their Boards and issue debit cards to thei...

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Category : RBI | Comments : 0 | Hits : 2545

Posted Date : 09-Jan-2013 , 10:34:17 am | Posted By Yogesh Mohan & Co.

  NEW FEATURES OF INCOME TAX PORTAL (incometaxindiaefiling.gov.in)   After Assessee's Login, the Main options are     Dashboard which contains two options viz. To view Returns and Forms. List of Returns submitted showing major information relating t...

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Category : Income Tax | Comments : 0 | Hits : 842

Posted Date : 05-Jan-2013 , 11:09:27 pm | Posted By Rahul Bhardwaj

                                                                 TIPS FOR GOOD HEALTH   It is true that health is w...

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Category : Students Zone | Comments : 1 | Hits : 935

Posted Date : 05-Jan-2013 , 03:55:11 pm | Posted By Roopak

                  TAX SAVING TIPS IN 2013 First of all Happy New Year to all the readers and happy new tax benefits. 1.       Every Family member to be an assessee: Every family member should be an income ...

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Category : Income Tax | Comments : 1 | Hits : 2761

Posted Date : 28-Dec-2012 , 12:43:13 pm | Posted By CA. GAURAV PAHUJA, M.COM, ACA, D.I.S.A. (ICAI)

Introduction   Section 10(38) aims to provide relief from the long-term capital gain tax chargeable on the transfer of equity shares or unit of an equity oriented fund on the satisfaction of two essential conditions stated below: a.   ...

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Category : Income Tax | Comments : 0 | Hits : 737

Posted Date : 27-Dec-2012 , 04:32:42 pm | Posted By Vinay Sharma

PROCEDURE FOR E-PAYMENT   1.   To pay Excise Duty and Service Tax online, the Assessee has to enter the 15 digit Assessee Code allotted by the jurisdictional Commissionerate. 2.   There will be an online check on the validity of the Assesse...

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Category : Excise | Comments : 0 | Hits : 867

Posted Date : 27-Dec-2012 , 01:00:30 pm | Posted By Vinay Sharma

Master Circular on Inspection & Audit Systems in Primary (Urban) Co-op. Banks 1. Introduction 1.1 It has been observed that quite often the internal inspection machinery in banks has failed to highlight and pinpoint the existence of gross and serious irregularities such as improper ...

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Category : RBI | Comments : 0 | Hits : 2864

Posted Date : 26-Dec-2012 , 11:01:39 pm | Posted By NAVNEET KUMAR JAIN

Extension of Last date for Filing of Cost Audit Report (CAR) and Cost Compliance Report (CCR) in the eXtensible Business Reporting Language (XBRL) mode. By Navneet Kumar Jain FCMA, MBA, LL.B., M.COM., PGDTL, LIII., AIIISLA   Keeping in view of the ongoing requests from differ...

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Category : Auditing | Comments : 0 | Hits : 1383

Posted Date : 26-Dec-2012 , 07:46:37 pm | Posted By Ashwani Narnoli

Source Wikipedia   Legal structure   None of the Big Four accounting firms is a single firm - rather, they are accounting networks. Each is a network of firms, owned and managed independently, which have entered into agreements with oth...

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Category : Students Zone | Comments : 0 | Hits : 2629

Posted Date : 25-Dec-2012 , 09:58:09 pm | Posted By Vinay Sharma

The Bill has 470 clauses and 7 schedules as against 658 Sections and 15 schedules in the existing Companies Act, 1956. The important amendments (approved ) in proposed Companies Bill 2011 are given below- -Clauses 143(5) and (6): Provision relating to audit of Government Companies by C...

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Category : Corporate Law | Comments : 0 | Hits : 3088

Posted Date : 25-Dec-2012 , 04:12:03 pm | Posted By Vinay Sharma

The recent incident of rape and brutal assault on a young woman in Delhi has shaken the conscience of the nation and has triggered a serious debate amongst jurists, civil society members and women's groups about inadequacy of the present laws to protect the safety and digni...

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Category : General | Comments : 0 | Hits : 506

Posted Date : 24-Dec-2012 , 10:26:07 pm | Posted By Vinay Sharma

Don't give PAN number for railway Tatkal booking . Do not quote your PAN for Tatkal bookings. Indian Railways display PAN as identity proof for Tatkal bookings. The Railways collect PAN for Tatkal bookings and display the PAN + name, sex and age of passengers on reservation charts p...

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Category : General | Comments : 0 | Hits : 704

Posted Date : 24-Dec-2012 , 05:34:32 pm | Posted By Vinay Sharma

After REC and PFC, IIFCL will become the third company to launch its tax-free bonds this financial year from December 26th. But, unlike REC and PFC, this will be IIFCL’s first issue of tax-free bonds as the company did not have any such issue last year. The issue will close on January 11th....

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Category : Income Tax | Comments : 0 | Hits : 680

Posted Date : 23-Dec-2012 , 11:24:25 am | Posted By Vinay Sharma

♦  Definition of 'financial statement' in clause 2(40) amended to add the words "statement of changes in equity" in clause 2(40). Purpose is to clarify that statement of changes in equity will compulsorily form part of financial statements only for ...

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Category : Corporate Law | Comments : 0 | Hits : 5876

Posted Date : 21-Dec-2012 , 04:11:09 pm | Posted By Vinay Sharma

Introduction to XBRL   XBRL (eXtensible Business Reporting Language) is a language for electronic communication of business and financial data which is revolutionising business reporting around the world. It offers major benefits to all those who have to create, trans...

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Category : Corporate Law | Comments : 0 | Hits : 698