Posted Date : 08-Apr-2012 , 08:08:09 pm | Posted By SHIKHA SONI

communication is a two way process of  sending and recieving information "A person who is only outflowing communication is actually not communicating at all, in the fullest sense of the word. For in order to communicate entirely, he would have to inflow as well as outflow. A person ...

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Category : Students Zone | Comments : 0 | Hits : 457

Posted Date : 07-Apr-2012 , 11:37:19 pm | Posted By CA Akshay Joshi

    Mr. and Mrs. Share Capital, AS 19, Capital Market Junction, EPS Road, Stock City   invite your esteemed presence with family and friends on the occasion of the marriage of their daughter   Ms. Equity   With   Mr...

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Category : Students Zone | Comments : 1 | Hits : 499

Posted Date : 07-Apr-2012 , 05:31:55 pm | Posted By CS Shilpi Bhardwaj

  Dear friends,   In a recent AAR ruling it was held that Only a genuine buyback is excluded from definition of 'dividend' by section 2(22)(iv) & exempted from DDT under section 115-O and a colourable buyback will attract DDT.    Ruling...

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Category : Income Tax | Comments : 0 | Hits : 379

Posted Date : 06-Apr-2012 , 01:35:42 pm | Posted By CS Shilpi Bhardwaj

Dear friends,    RBI further takes initiative to liberalise & rationalise  Overseas Direct Investments and allow an  Indian party  to open, hold and maintain Foreign Currency Account (FCA) abroad for the purpose of overseas direct investments subject...

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Category : Income Tax | Comments : 1 | Hits : 334

Posted Date : 04-Apr-2012 , 11:22:21 pm | Posted By Vikash Kumar Jha

      An effective manageris one who is positive in personality that one will refer (i)     What type of person he is  ? (ii)   His managerial process   And (iii)The result of his managerial process  An...

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Category : General | Comments : 0 | Hits : 336

Posted Date : 03-Apr-2012 , 11:00:50 am | Posted By CA Akshay Joshi

  PROCEDURAL REQUIREMENTS     Before the issue of FCEBs to a person resident outside India, the issuing company must note the following points:   1. Whether, the issuing company is eligible to raise funds in foreign exchange in accordance with Foreign Excha...

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Category : Corporate Law | Comments : 0 | Hits : 454

Posted Date : 03-Apr-2012 , 10:57:29 am | Posted By CA Akshay Joshi

  2(22)(e) – A Long standing Dispute between Income Tax Department and Assessee:   Background of the Section:   It’s a regular practice between closely held group companies to transfer monies to meet their fund requirements (other than for regular bu...

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Category : Income Tax | Comments : 0 | Hits : 695

Posted Date : 03-Apr-2012 , 07:26:46 am | Posted By Anjali Arora

    ITR 1 Who can use this Return Form This Return Form is to be used by an Individal whose Total Income for the Assessment year 2012-13 includes: (a) Income from Salary/ Pension; or (b) Income from One House Property (excluding cases where lo...

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Category : Income Tax | Comments : 0 | Hits : 4253

Posted Date : 02-Apr-2012 , 05:38:13 pm | Posted By CS Shilpi Bhardwaj

  The Real Meaning of Peace "Once there was a King who offered a prize to the artist who would paint the best picture of peace. Many artists tried. The King looked at all the pictures. But there were only two he really liked, and he had to choose between them. One picture wa...

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Category : General | Comments : 1 | Hits : 514

Posted Date : 01-Apr-2012 , 02:55:47 pm | Posted By CA Akshay Joshi

Certainty is integral to rule of law. Certainty and stability form the basic foundation of any fiscal system. Tax policy certainty is crucial for taxpayers (including foreign investors) to make rational economic choices in the most efficient manner...”     The Supr...

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Category : Income Tax | Comments : 0 | Hits : 568

Posted Date : 01-Apr-2012 , 01:00:45 pm | Posted By CA Akshay Joshi

  Overseas investors have pumped in about Rs 8,381.10 crore ($1.68 billion) in the Indian equity market in the month of March, taking the calendar year to date total to a whopping Rs 43,950.70 crore ($8.89 billion). During March, Foreign Institutional Investors (FIIs) were gross buye...

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Category : Shares & Stock | Comments : 0 | Hits : 328

Posted Date : 31-Mar-2012 , 11:00:45 am | Posted By SHIKHA SONI

  While we all do tax planning and have become well versed with many provisions of the I-T Act that are relevant to us, there are many beliefs that may not necessarily be facts. These are perceptions that have been formed through opinions of friends, colleagues and other self-profess...

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Category : Income Tax | Comments : 1 | Hits : 457

Posted Date : 30-Mar-2012 , 07:35:02 pm | Posted By Kshitij Nijhawan

  Steps-to-be-taken-when-your-income-tax-refund-stuck-with-department.   Unfortunately in our country, many honest tax-payers have pending income tax refunds. Whether it’s the Income Tax (I-T) department’s lethargy or the growing number of tax ...

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Category : Income Tax | Comments : 0 | Hits : 831

Posted Date : 30-Mar-2012 , 02:48:40 pm | Posted By Pardeep Makkar

Chartered Accountancy is a profession that is as desirable as the Engineering and Medical ones. The corporate sector of the industry is always in a need of chartered accountants and with the booming economy, this need is only going to increase. Where to study this prof...

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Category : Students Zone | Comments : 0 | Hits : 1066

Posted Date : 30-Mar-2012 , 08:41:00 am | Posted By SHIKHA SONI

  In this article we will take a look at some common myths and misconceptions about personal tax: Gifts received: Gifts received from specified relatives are exempt from income tax, and there is no upper limit also. Similarly, gifts of any amount and from anyone received du...

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Category : Income Tax | Comments : 0 | Hits : 490

Posted Date : 29-Mar-2012 , 03:32:55 pm | Posted By CS Shilpi Bhardwaj

  TDS on Transfer of property TDS on Transfer of property- a bombshell   In order to ensure that the real estate transactions come within the tax net, the Finance Bill presented along with the Budget 2012 proposes to insert new section 194LAA with effect from 01.10.201...

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Category : Income Tax | Comments : 0 | Hits : 581

Posted Date : 28-Mar-2012 , 11:39:15 pm | Posted By Nikhil Mohan Jhanwar

    BURNING ISSUES IN DIRECT TAXES   The present Budget has made various amendments and changes in respect of income taxpayers. Here is the critical analysis and impact of the major changes in Budget 2012 in respect of personal Income Tax:     ...

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Category : Income Tax | Comments : 0 | Hits : 457

Posted Date : 28-Mar-2012 , 03:30:45 pm | Posted By CS Shilpi Bhardwaj

Story of the Day   THE BRICK   About ten years ago, a young and very successful executive named Josh was traveling down a Chicago neighborhood street. He was going a bit too fast in his sleek, black, 12 cylinder Jaguar XKE, which was on...

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Category : General | Comments : 2 | Hits : 418

Posted Date : 28-Mar-2012 , 02:50:13 pm | Posted By Ankur Kumar Gupta

OVERVIEW The Pay and Accounts Office (PAO)/District Treasury Office (DTO)/Cheque Drawing and Disbursing Office (CDDO) are required to file Form 24G as per Income-tax Department Notification no. 41/2010 dated May 31, 2010. In case of an office of the Government, where tax has been paid to the ...

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Category : Income Tax | Comments : 0 | Hits : 3568

Posted Date : 27-Mar-2012 , 09:40:58 am | Posted By Yogesh Gupta

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Category : Income Tax | Comments : 0 | Hits : 463