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News Headlines   RSS Feeds
 Income Tax department launches enhanced, 'single window' website for taxpayers
By CA Nilesh Sahu
A revamped online portal of the Income Tax department was launched today which will enable taxpayers to file returns or apply for a PAN card through a 'single window' format.
 Single window website for paying taxes from today
By CA Mayank Jain
Taxpayers will now be able to perform their I-T related works like filing returns or applying for a PAN card from an enhanced single website to be launched today by Finance Minister Arun Jaitley.
 Plan now to increase your tax savings
By CA Nilesh Sahu
Now that both houses of Parliament have passed the Finance Bill 2014, you can start taking advantage of the new tax proposals of Budget 2014-15. Revisit your tax-saving strategy for the year to maximise your take-home pay. Reduce your tax outgo.
 ICAI to prepare white paper for AP, Telangana
By CA Rashmi Sharma
The Southern India Regional Council (SIRC) of the Institute of Cost Accountants of India (ICAI) is planning to release a white paper on a cost-effective model for implementation of various development projects in Andhra Pradesh and Telangana.
 Income Tax intimation: Dealing with it right
By CA Mayank Jain
One of my friends received an email from the tax department with the subject line, ‘Intimation under section 143 (1)”. He asked me what it meant, why he received the email and what action did he need to take.
 Announcement for Empanelment as a Technical Reviewer with the Quality Review Board.
By CA Rashmi Sharma
The Government of India has, in exercise of the powers conferred by Sec. 28A of the Chartered Accountants Act, 1949, constituted a Quality Review Board to perform the following functions u/s 28B of the Chartered Accountants Act, 1949
 Delegation of powers of CBEC under rule 3 of Service Tax Rules, 1994
By CA Mayank Jain
In exercise of the powers conferred by section 37A of the Central Excise Act, 1944 (1 of 1944), read with section 83 of the Finance Act, 1994 (32 of 1994), the Central Government hereby delegates the powers of the Central Board of Excise and Customs under rule 3 of the Service Tax Rules, 1994,
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Continuing Prof. Edu.   RSS Feeds
 One Hundredth Tenth Batch of the Certificate Course on Concurrent Audit of Banks
By CA S K Verma
Place: Ahmedabad Branch at “ICAI Bhawan,123,Sardar Patel Colony,Nr. Usmanpura Underbridge,Naranpura,Ahmedabad-380014 Date: 11th Oct, 2014 CPE.Hrs.: 36
 Seminar on Issues & Efiling of Tax Audit Report
By CA Ojas Aggarwal
Place: Riverside Sports Club,Mayur Vihar-I Extn,Delhi-91 Date: 5th Oct, 2014 11:30 - 14:30 CPE.Hrs.: 3
 Tax Audit under Income Tax Act, 1961
By CA Andrew F Thomas
Place: Crystal Banquet, Laxmi Nagar Distt.Centre, (Next to PSK, old GGs) Date: 24th Sep, 2014 17:00 - 21:00 CPE.Hrs.: 4
 E-Filing of Tax Audit Report & Tax Deducted at Source,
By CA Nilesh Sahu
Place: Hotel Singh Sahib Satbharawan School Road,Karol Bagh New Delhi-110005 Date: 22nd Sep, 2014 17:00 - 22:00 CPE.Hrs.: 5
 CPE Meeting on Section 14A of the Income Tax Act, 1961
By CA Mayank Jain
Place: Hotel Dasaprakash, Sayyaji Rao Road, Mysore Date: 20th Sep, 2014 18:00 - 20:00 CPE.Hrs.: 2
 Fixed Assets Accounting, Depreciation & Implications under the Companies Act, 2013
By CA Manu T George
Place: MCCIA, Tilak Road Date: 20th Sep, 2014 08:30 - 10:30 CPE.Hrs.: 2
 CPE SEMINAR ON TAX AUDIT AND NEW AUDIT REPORT UNDER INCOME TAX ACT, 1961
By CA Devender Singh
Place: ICAI BHAWAN, ALUM VETTU VAZHI, CHIYYARAM, THRISSUR - 680 026. Date: 20th Sep, 2014 17:30 - 20:30 CPE.Hrs.: 3
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VAT (Value Added Tax)   RSS Feeds
 TDS for the works contract tax liability under TN VAT act
By CA Rashmi Sharma
In Tamilnadu, The Tamilnadu Value Added Tax, 2006 received the accent of the Governor of Tamilnadu on the 14th of December, 2006 and was enacted in the Legislature as Act No. 36 of 2006.
 Notional interest on the interest free security deposit cannot be added to the value of taxable services.
By CA Atul Gupta
We are sharing with you an important judgment of Hon’ble CESTAT Mumbai in the case of Murli Realtors Pvt. Ltd. and others Vs. Commissioner of Central Excise Pune-II [2014 (9) TMI 461 - CESTAT MUMBAI] on the following issue:
 Banks’ VAT bills set to soar after Europe court ruling
By CA Devender Singh
Banks and insurers in Europe are bracing for extra value added tax bills that could potentially run into billions of euros after an unexpected decision from the European Court of Justice.
 Andhra Pradesh government slashes VAT on ATF to 1%
By CA S K Verma
In a major boost to the civil aviation sector in Andhra Pradesh, the state government has slashed the rate of tax on aviation turbine fuel (ATF) to 1% from 16% on Thursday.
 Whether the commissioner of commercial taxes is having power to issue circular or clarification under tamil nadu vat act, 2006?
By CA Nilesh Sahu
Section 28A of Tamil Nadu General Sales Tax Act, 1959 enabled the Commissioner to issue clarification by Commissioner of Commercial taxes which was done away by the Tamil Nadu Value Added Tax Act, 2006.
 What is the rate of VAT on Diesel Generating sets?
By CA S K Verma
The above named applicant filed an application on 23 I 07 I 2014 under section 84 of Delhi Value Added Tax Act, 2004 (hereinafter referred to as the "said Act")
 VAT amendment ordinance promulgated in state Several goods get tax rebate, exemption
By CA Atul Gupta
The foreign portfolio investors (FPIs) structured as companies recently received communications from the tax department asking them to pay minimum alternate tax (MAT) on their gains in Indian markets.
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Markets   RSS Feeds
 Nifty to hit 10,000 by next Budget, says Raamdeo Agrawal
By CA Ojas Aggarwal
The market opened the week with a bang as the 50-share Nifty hit the much-awaited 8000-mark backed by consumer durables and PSU banks.
 Markets @ record highs; top ten stocks which can give up to 34% return in 1 year
By CA S K Verma
The Indian markets have been on a roll of late, hitting fresh record highs consistently, supported by strong global liquidity and easing of geo-political concerns.
 What will Narendra Modi have for markets on Independence Day? Here's what experts say
By CA Andrew F Thomas
August 15 is here, and there is enough speculation in the market that Prime Minister Narendra Modi will make some big announcements in his maiden Independence Day speech. Is it reasonable to expect something big on Friday? Here's what experts say:
 Demand for tax-free bonds rises in the money market
By CA Andrew F Thomas
Tax-free bonds are the latest fad in the money markets, especially after the government did away with fresh issues in the current financial year that started on April 1, limiting supplies of such securities.
 Reconcile tax anomalies to boost the debt market
By CA S K Verma
The Narendra Modi-led Government should come up with a detailed medium-to-long term policy to remove “tax anomalies” that hinder the growth of the Indian debt markets, said SEBI Chairman, U K Sinha.
 Market may open higher on firm Asian stocks
By CA Ojas Aggarwal
The market may open higher on firm Asian stocks. Trading of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty could gain 10 points at the opening bell.
 Sensex gains 161 points on good buying
By CA Atul Gupta
The BSE Sensex on Monday continued to gain on the back of short covering amid volatility with buying in frontline shares of oil & gas, health care, realty, consumer durable and teck counters in late morning trade.
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General   RSS Feeds
 Taxation of intermediarys services
By CA Manu T George
The place of provision of service rules will determine the place where the services shall be deemed to be provided. It’s taxability will be determined based on the location of its provision.
 Businesses leaving for AP, tax base eroding, says Telangana
By CA Rashmi Sharma
Telangana government has claimed that an exodus of businesses to Andhra Pradesh is underway after the new state came into existence in June this year, and there would be a significant erosion of the tax base once Hyderabad ceases to be the common capital.
 Gujarat govt gives tax exemption to 'Mary Kom'
By CA Nilesh Sahu
Government of Gujarat has decided to give 100% tax exemption to the women's inspirational Bollywood movie 'Mary Kom', which has been manuscripted on women empowerment.
 Unique IDs to track house tax payments
By CA S K Verma
Soon property owners in the city will get a unique ID and password each to keep track of property tax paid by them. The scheme, conceptualized by the MCG, will also help the corporation keep tabs on the amount of property tax generated, officials said.
 Foreign investors push for tax breaks to list Indian REITs
By CA Mayank Jain
Large FDI providers in real estate have approached the finance ministry seeking tax changes to the current framework for Indian real estate investment trusts (REITs).
 Complex tax system is the barrier: Seiko Epson chief
By CA Nilesh Sahu
India has accorded high priority to Japan, and has considered it as its strategic business partner. What is your view on the renewed partnership between the two countries?
 Civic body forms committee to review its property tax collection rules in city
By CA Mayank Jain
With several petitions filed in the Bombay High Court (HC) by property owners alleging that the Brihanmumbai Municipal Corporation (BMC) had wrongly calculated
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Corporate Law   RSS Feeds
  Notification dated: 19.09.2014 - National Advisory Committee on Accounting Standards New
By CA Andrew F Thomas
In exercise ofthe poweo confened by sub-sction (l) ofseation 2l0A of the Companijs Act, 1956
 Refund of Cenvat Credit for Services taxed under Reverse Charge (Rule 5B) Part 2
By CA Atul Gupta
Refund of unutilized Cenvat credit taken on inputs and / or input services shall be claimed on a half yearly basis. Refund claims are required to be submitted in prescribed ‘Form-A’ to the jurisdictional Assistant / Deputy
 Companies (Meetings of Board and its Powers) Second Amendment Rules, 2014. - F. No. 1 /32/2013-CL-V- Part - Dated 14-8-2014 - Companies Law
By CA Ojas Aggarwal
In exercise of the powers conferred under sections 173, 175, 177, 178, 179, 184, 185, 186, 187, 188, 189 and section 191 read with section 469 of the Companies Act, 2013 (18 of 2013)
 Company Law Settlement Scheme, 2014 - Dated 12-8-2014 - Companies Law
By CA S K Verma
As you are aware, the Companies Act requires companies to file annual documents (Annual return and financial Statements) on the MCA21 electronic registry, within prescribed time limits.Sections 92, 137
 Over 34,000 companies under RBI scanner for illegal NBFC operations: Government
By CA Nilesh Sahu
The Reserve Bank is looking into particulars of more than 34,000 firms allegedly running businesses on lines of Non-Banking Financial Companies (NBFC) without authorisation from the banking sector regulator, the government said today.
 Tax law penalises buyers for construction delay by builders
By CA Mayank Jain
My friend, Ajay, called the other day and excitedly told me the under-construction flat that he had bought in 2007 was finally delivered. The builder had promised to deliver the flat in 2010.
 General Circular No. 33/2014 dated 31.07.2014: Clarification with regard to applicability of provisions of section 139(5) and 139(7) of the Companies Act,2013 New
By CA Mayank Jain
Doubts have been raised about applicability oi sectioDs 139{5) and 139(7)of the Companies Act, 2013 (New Act), which deal with appointment of auditors by Comptroller
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Students   RSS Feeds
 Stipend of articled clerk of CA is not taxable as income. In view of author, stipend is capital receipt and is scholarship for education.
By CA Ojas Aggarwal
To purse studies and training for course of Chartered accountancy one need to have minimum entry qualification. For joining CA course one has to undergo educational course and qualify in examinations conducted by ICAI and also compulsory training as an articled clerk or audit clerk under a CA in practice.
  Common Proficiency Test (CPT), Intermediate (IPC) Course, Final Course and Accounting Standards
By CA Ojas Aggarwal
The Board of Studies organizes Live Webcasts as a part of ICAI Cloud Campus with to objective to take learning and development to the doorsteps of students through a uniform platform across the country. The live interactive Webcasts aim to mentor Students on the success strategies to succeed in their forthcoming examinations.
 Report on National Conclave for CA Students held on 18th & 19th July at Visakhapatnam.
By CA Manu T George
Board of Studies organized a National Conclave on 18th&19th July, 2014 at Visakhapatnam which was hosted by Visakhapatnam branch of SIRC of ICAI and Visakhapatnam branch of SICASA. The theme of the Conclave was "Varadhi--Bridge to Knowledge".
 ICAI launches ‘cloud campus’ for students
By CA Andrew F Thomas
The Institute of Chartered Accountants of India (ICAI) has launched ‘cloud campus’ — the next generation interactive online learning programmes — to enable students from anywhere across the world to pursue CA
 Applicability of Standards/ Guidance Notes/ Legislative Amendments etc. for November, 2014 – Intermediate (IPC) Examination
By CA Mayank Jain
Non-Applicability of Ind ASs for November, 2014 Examination The MCA has hosted on its website 35 Indian Accounting Standards (Ind AS) without announcing the applicability date. Students may note that these Ind ASs are not applicable for November, 2014 Examination.
 National Convention for CA Students at Jaipur on June 26-27, 2014.
By CA Manu T George
Students are invited to contribute papers for presentation (1500 to 2000 words) for topics in Technical -Sessions and submit for approval a soft copy of the Paper at Jaipur@icai.in by 7th June 2014 and a hard copy of the same along with tudent's Photograph
 National Convention for CA Students at Indore on July 12-13, 2014.
By CA Nilesh Sahu
Students are invited to contribute papers for presentation (1500-2000 words) for topics in technical session and submit for approval a soft copy of the paper at indore@icai.in with a copy to cicasa_indore@icai.org by 30th June, 14 and a hard copy of the same along with student's photograph
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New Forms   RSS Feeds
 The reconciliation return in CST Form 9
By CA Mayank Jain
The reconciliation return in CST Form 9 relating to receipt of declarations/ certificates for a year has been notified vide Notification No.F.3(27)/Fin(Rev-I)/2013- 14/dsVI/292 dated 05/03/2014.
 Form for filing application or documents with Central Government
By CA Mayank Jain
To the best of my knowledge and belief, the information given in this application or form and its attachments is correct and complete
 Application Form for Registration to Common Proficiency Test Course
By CA Ojas Aggarwal
Application Form for Registration to Common Proficiency Test Course
 Filing of Return in Form 1 under Central Sales Tax Act, 1956.
By CA Devender Singh
ForrriI have been, omitted through amendment inter-alia carried out "iQ Central Sales Tax (Delhi) Rules, 2005 vide Notification No. F.3(27)
 Application Form For Obtaining Scholarship From S.Vaidyanath Aiyar Memorial Fund - 2014
By CA S K Verma
I request that I may be provided scholarship from S.Vaidyanath Aiyar Memorial Fund for pursuing the Chartered Accountancy course. I give below my particulars as:
 leftmnublet User Manual for filing T-2 from 15-03-2014 by all dealers with Turnover greater than equal to Rs 1 Crore
By CA Mayank Jain
For Vehicle No ­DL1P3845, invoice no -PR/258/13-14, Delhi VAT Rate is 12.5% and Vat rate wise actual invoice amount (Excluding CST and Freight value) is 858925, then we just type it as per mentioned SMS format and send it to 9211728082.
 Notification on Revised format of T-2
By CA Nilesh Sahu
Notification on Revised format of T-2
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Department of Companies Affairs   RSS Feeds
 Impose tax on windfall profits of pvt oil cos: CPM tells Govt
 Taxes fuel petrol, diesel prices globally
 Department of Economic Affairs seeks hike in spectrum fee
 Rising yen gives companies the jitters
 ROC Forms
 ROC Circulars
 ROC Notifications
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ICAI   RSS Feeds
 ICAI seeks corrections to Public Private Partnership model
By CA Ojas Aggarwal
The Institute of Cost Accountants of India (ICAI), in association with the International School of Business, Hyderabad, is conducting a joint study and it will recommend to the government to incorporate certain corrections in the Public Private Partnership (PPP) model of investments.
 Special Examinations under MRAs / MOUs
By CA Ojas Aggarwal
Special Examination for Members of Foreign Accounting Bodies with whom the ICAI had entered into Mutual Recognition Agreement (MRA) / Memorandum of Understanding (MoU)
 SAFA-IFAC Regional SMP Forum on 10th October, 2014 at New Delhi
By CA Nilesh Sahu
With the aim of giving Small & Medium Practitioners (SMPs), an opportunity to know about the significant developments impacting the SMPs
 Representation made by ICAI - seeking extension of due date of filing return of income along with the date of furnishing audit report.
By CA Devender Singh
ICAI has, through, a representation dated 15.09.2014 brought to the attention of Chairman, CBDT the concerns of the taxpayers on account of non extension of due date of filing return of income under section 139(1) along with the date of furnishing tax audit report.
 ICAI initiative on order dated 20th August, 2014 pronounced by a Bench of Income Tax Appellate Tribunal, Mumbai.
By CA Manu T George
Members are aware of the general remarks against ICAI made by Hon 'ble ITAT Mumbai Bench in respect of its order dated 20th August, 2014 wherein the tax advice given by a member of the Institute had been dealt with.
 Exposure Draft of the Indian Accounting Standard (Ind AS) 41 Agriculture (corresponding to IAS 41) (Comments to be received by October 15, 2014)
By CA Andrew F Thomas
Following is the Exposure Draft of Indian Accounting Standard (Ind AS) 41, Agriculture issued by the Accounting Standards Board of The Institute of Chartered Accountants of India, for comments.
 Exposure Draft of the Amendments to Indian Accounting Standards (Ind ASs): Consideration of Carve outs/ins (Comments to be received by October 15, 2014)
By CA Devender Singh
The 35 IFRS-converged Indian Accounting Standards (Ind ASs) hosted on Ministry of Corporate Affairs' (MCA's) website contain certain carve-outs.
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From the Courts   RSS Feeds
 Digest of important case law – May 2014 (Compiled by KSA Legal & AIFTP)
By CA S K Verma
S. 2(1A) : Agricultural Income – Assessee failed to explain source of agricultural income – Exemption denied.
 CIT vs. M/s Happy Home Enterprises (Bombay High Court)
By CA Ojas Aggarwal
S. 80-IB(10)(d): Limit on extent of commercial area of housing project inserted w.e.f. 1.4.2005 does not apply to projects approved before that date
 DCIT, Circle - 9(3) Room No. 229, 2nd Floor Aayakar Bhavan, M.K. Road Mumbai 400020 Vs. Ghisulal D. Rathod C/o. Cello Plastic Industires Works 5, Vakil Industrial Estate, Walbhat Road, Goregoan (E), Mumbai 400063
By CA Atul Gupta
This appeal by the Revenue is directed against the order passed by the CIT(A)-20, Mumbai and it pertains to AY 2004-05.
 DCIT, Central Circle 5, New Delhi. Vs. M/s. Goyal MG Pvt. Ltd., A – 38, 1st Floor, Mohan Cooperative Indl. Estates,
By CA Mayank Jain
This appeal filed by the revenue emanates from the order of CIT (Appeals)-X, New Delhi dated 21.01.2013.
 ITO, Ward-44(1), New Delhi Vs. Ranbir Singh, S/o-Sh. Rishal Singh, House No.324, Vill. & P.O.-Pehladpur Nanger, Delhi
By CA Manu T George
This is an appeal filed by the Revenue against the order dated 11.12.2012 of the CIT(A)-XXX, New Delhi pertaining to 2008-09 assessment year on the following grounds
 Ajay Gupta A-2/14A, Model Town-I Delhi Vs. DCITCircle-15 Jhandewalan New Delhi
By CA Rashmi Sharma
These are batch of 20 appeals. 10 preferred by assessee and 10 preferred by Revenue arising from the order of ld CIT(A)-II, New Delhi and relates to Assessment Year 2000-01 to 2004-05
 Future Agrovet Ltd.,Hoo Jogeshwari Vikhroli Link Road, Shyam Nagar, Jogeshwari (E), Mumbai-400060. Vs. Addl. CIT, Range-9(1),Aayakar Bhavan, M.K.Road, Mumbai-400020.
By CA Manu T George
The appeal filed by the assessee is directed against the order dated 16- 02-2012 passed by Ld CIT(A)-16, Mumbai and it relates to the assessment year 2008-09.
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Auditing   RSS Feeds
 Guidelines regarding Structure, Administrative set up and Functions of Audit Commissionerates
By CA Devender Singh
On implementation of cadre review there would be 23 Central Excise Zones and 4 Service Tax Zones with each zone having one or more Audit Commissionerates.
 Sree Padmanabhaswamy temple audit to cost Rs 60 lakh in first year
By CA Mayank Jain
The state government and Sree Padmanabhaswamy temple administration will have to cough up Rs 60 lakh in the first year for the ongoing audit led by former comptroller and auditor general Vinod Rai.
 Auditing Special Purpose Frameworks: Auditing Investments
By CA Manu T George
Auditing investments requires understanding applicable standards in the reporting framework selected by management of an entity, just as it is with auditing procedures in other major financial statement classifications.
 Delhi HC stays CIC's order asking CAG to give information about auditing of Department of Space
By CA S K Verma
The Delhi High Court on Tuesday stayed an order of the Central Information Commission order asking the Comptroller and Auditor General (CAG)
 AUDIT UNDER SECTION 142(2A) OF INCOME TAX ACT, 1961
By CA Rashmi Sharma
Of late there has been demand for increased public scrutiny of accounts in spite of statutory audit. Enron and other cases abroad and Satyam’s case in India have highlighted the need and necessity to have controls
 CAs attend seminar revised tax audit report
By CA Andrew F Thomas
The Chandigarh branch of The Institute of Chartered Accountants (ICAI) organised a seminar on Revised Tax Audit Report and Wealth Tax Act, 1957, on Sunday. The seminar was attended by many CAs.
 Empanelment of CAs for Special Audit u/s 142(2A) of the Income Tax Act
By CA Nilesh Sahu
Empanelment of CAs for Special Audit u/s 142(2A) of the Income Tax Act
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Latest Circulars   RSS Feeds
  Seeks to amend notification No.12/2012-Cus dated 17.3.2012
By CA Andrew F Thomas
In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India,
 RBI to conduct Overnight Reverse Repo Auction of ` 10,000 crore under LAF Today
By CA Atul Gupta
The Reserve Bank will conduct a one day reverse repo variable rate auction for a notified amount of ` 10,000 crore today (September 23, 2014, Tuesday). The auction will be conducted between 3.00 PM
  RB I- Auction of Government of India Dated Securities
By CA Mayank Jain
The auctions will be conducted through a price based auction using multiple price method. The Reserve Bank of India at Mumbai will conduct the auctions.
 Seeks to levy definitive anti-dumping duty on imports of sulphur black, originating in or exported from People's Republic of China, for a period of five years.
By CA Manu T George
Whereas, the designated authority, vide notification No. 15/18/2012-DGAD, dated the 4th April, 2013, published in the Gazette of India, Extraordinary, Part I, Section 1, had initiated a review in the matter of continuation of anti-dumping duty on imports of Sulphur Black
 Rate of exchange of conversion of each of the foreign currency with effect from 19th September, 2014
By CA Rashmi Sharma
In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.75/2014-CUSTOMS (N.T.), dated the 4th September, 2014
 Master Circular - Rupee / Foreign Currency Export Credit and Customer Service To Exporters
By CA Devender Singh
Please refer to the Master Circular DBOD No.Dir.(Exp).BC16/04.02.002/2013-14 dated July 1, 2013 consolidating the instructions / guidelines issued to banks till June 30, 2013, relating to Rupee / Foreign Currency Export Credit & Customer Service to Exporters.
 RBI-Auction of State Government Securities
By CA S K Verma
The auction will be conducted on the Reserve Bank of India Core banking Solution (E-Kuber) system on September 23, 2014 (Tuesday). The Government Stock up to 10 % of the notified amount of the sale of each of the stock will be allotted to eligible individuals and institutions
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Budget Extravaganza   RSS Feeds
 At realty fair, luxury shares space with budget housing
By CA Ojas Aggarwal
The 10th edition of Gujarat Institute of Housing and Estate Developers (GIHED) property festival began on Friday with 600 residential and commercial properties on display at Gujarat University convention centre.
 Budget below market expectations, but good for economy from long-term perspective
By CA Rashmi Sharma
The Budget for 2014-15 took a practical approach to the issues plaguing the country, with a focus on fiscal consolidation, social sector, and boosting the infrastructure sector, among other things.
 Five reasons why FIIs are low on Budget, high on D-Street
By CA Andrew F Thomas
The Government of India presented its first Union Budget 2014 last week under the administration of Prime Minister Narendra Modi, which left most of foreign institutional investors (FIIs) longing for more from Arun Jaitley.
 Project forgotten after budget sanctioned for revival of ponds
By CA Atul Gupta
After two year since a huge budget was sanctioned for the conservation, revival and beautification of five ponds of the city the officials seem to have forgot the project.
 Statement on Quarterly Review of the trends in receipts and expenditure in relation to the budget at the end of the third quarter of financial year 2013-2014
By CA Mayank Jain
The adverse external environment, domestic structural constraints and inflationary factors led to a slowdown in growth of Gross Domestic Product (GDP) in India in 2012-13 and 2013-14. The growth in GDP at factor cost (at constant 2004-05 prices) for the year 2013-14
 Budget session 2014: Few disruptions, more debate
By CA Rashmi Sharma
The Budget session of Parliament, the first of the Narendra Modi government, ended on Thursday reflecting the changed political reality with fewer disruptions and adjournments, and more debates and discussions unlike in the recent past.
 Assam Budget ups professional tax exemption limit by Rs 80,000
By CA Ojas Aggarwal
Giving a relief to small salaried persons, Assam Chief Minister Tarun Gogoi today raised the minimum exemption limit of professional tax by Rs 80,000 besides freeing chimney and kerosene lamp parts from VAT.
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Sales Tax   RSS Feeds
  Instructions in light of Judgment of Hon’ble Supreme Court on Sales Tax Incentive Scheme-reg.
By CA Mayank Jain
Kind attention is invited to the judgment of Hon’ble Supreme Court in case of M/s Super Synotex India Ltd. [2014-TIOL-19-SC-CX] on the issue of abatement of sales tax under an abatement scheme where the assesse was allowed to retain 75% of the sales tax
 Instructions in light of Judgment of Hon’ble Supreme Court on Sales Tax Incentive Scheme
By CA Nilesh Sahu
Kind attention is invited to the judgment of Hon’ble Supreme Court in case of M/s Super Synotex India Ltd. [2014-TIOL-19-SC-CX] on the issue of abatement of sales tax under an abatement scheme where the assesse was allowed to retain 75% of the sales tax collected
 Appointment of officers in various Directorates
By CA Atul Gupta
In exercise of the powers conferred by clause (b) of section 2 of the Central Excise Act, 1944 (1 of 1944), read with clause (55) of section 65B of the Finance Act, 1994 (32 of 1994), rule 3 of the Central Excise Rules, 2002 and rule 3 of the Service Tax Rules, 1994 and in supercession of the notification No. 46/98-SERVICE TAX
 POINT OF TAXATION FOR SPECIFIED SERVICES
By CA Ojas Aggarwal
Notification No. 25/2011-ST, dated 31.3.2011 Rule 7 had been replaced by a new provision whereby the point of taxation shall be the date of making or receiving the payment, as the case may be. This provision shall apply to the following:
 Punish the guilty and help the victims, CAIT urges Sales Tax Department over VAT issue
By CA Atul Gupta
In a disturbing development, it has come to the fore that the Sales Tax Department is hunting after the tax abiding genuine VAT dealers who are victims of defaults committed by tax evading dealers.
 GST compensation: Bihar for Constitutional amendment
By CA Atul Gupta
Bihar government today demanded a Constitutional amendment to compensate the revenue loss to states likely to be caused once the Centre implements proposed GST.
  Government plans new return to plug excise, service tax evasion
By CA Manu T George
Nowadays people prefer booking under-construction properties due to rate ifference as compared to ready-to-move-in property and ease of payment.
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Forex   RSS Feeds
 Perils of an ad hoc forex policy
By CA Nilesh Sahu
In a speech that he gave last month at the International Monetary Fund, the Reserve Bank of India (RBI) Governor,
 Rupee depreciated by 17 paise to Rs 45.62 a dollar in early trade
By CA Andrew F Thomas
The rupee depreciated by 17 paise to Rs 45.62 a dollar in early trade today following weak domestic equity markets
 Rupee strengthened by 7 paise against dollar
By CA Devender Singh
The rupee strengthened by 7 paise to Rs 45.35 a dollar in early trade today on weakness in the US currency against major world currencies
 Rupee up by 4 paise against dollar in early trade
By CA Nilesh Sahu
The rupee strengthened by 4 paise to Rs 45.48 against the US dollar in early trade at the Interbank Foreign Exchange today
 Rupee falls by 18 paise at 4-week low against dollar
By CA Manu T George
The rupee today fell by 18 paise to trade at a four-week low of Rs 45.54 against the US currency in early trade, weighed down by dollar's gains against the major world currencies
 Rupee drops on weak shares; inflation eyed
By CA Nilesh Sahu
The Indian rupee fell on Friday tracking losses in local shares, which raised worries of foreign investors continuing to pull out funds from Asia's third-largest economy
 Rupee raises 6 paise against dollar in early trade
By CA Rashmi Sharma
The Rupee appreciated by 6 paise to Rs 45.07 a dollar at the Interbank Foreign Exchange market today, boosted by the greenback's weakness against euro and other major currencies
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ITAT-Constitution of Benches   RSS Feeds
 Tncome Tax Apprllate Tribunal Chennai Benches Chennai Constitution for The Week from 22/09/2014 To 25/09/2014
By CA Atul Gupta
Tncome Tax Apprllate Tribunal Chennai Benches Chennai Constitution for The Week from 22/09/2014 To 25/09/2014
 Income Tax Appellate Tribunal: Ahmedabad Benches : Ahmedabad Constitution of Ahmedabad Benches from 22.09.14 To 25.09.2014
By CA Nilesh Sahu
Income Tax Appellate Tribunal: Ahmedabad Benches : Ahmedabad Constitution of Ahmedabad Benches from 22.09.14 To 25.09.2014
 Income Tax Appellate Tribunal: Bangalore Benches : Bangalore Constitution of Bangalore Benches from 15.09.14 To 18.09.2014
By CA Ojas Aggarwal
Income Tax Appellate Tribunal: Bangalore Benches : Bangalore Constitution of Bangalore Benches from 15.09.14 To 18.09.2014
 Income Tax Appellate Tribunal: New Delhi Benches : New Delhi Constitution of New Delhi Benches from 15.09.14 To 18.09.2014
By CA Nilesh Sahu
Income Tax Appellate Tribunal: New Delhi Benches : New Delhi Constitution of New Delhi Benches from 15.09.14 To 18.09.2014
 Income Tax Appellate Tribunal: Kolkata Benches : Kolkata Constitution of Kolkata Benches from 15.09.14 To 19.09.2014
By CA Devender Singh
Income Tax Appellate Tribunal: Kolkata Benches : Kolkata Constitution of Kolkata Benches from 15.09.14 To 19.09.2014
 Income Tax Appellate Tribunal: Mumbai Benches : Mumbai Constitution of Mumbai Benches from 15.09.14 To 18.09.2014
By CA Devender Singh
Income Tax Appellate Tribunal: Mumbai Benches : Mumbai Constitution of Mumbai Benches from 15.09.14 To 18.09.2014
 Income Tax Appellate Tribunal: Lucknow Benches : Lucknow Constitution of Chandigarh Benches from 15.09.14 To 15.09.2014 And 22.09.14 To 26.09.14
By CA S K Verma
Income Tax Appellate Tribunal: Lucknow Benches : Lucknow Constitution of Chandigarh Benches from 15.09.14 To 15.09.2014 And 22.09.14 To 26.09.14
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Help   RSS Feeds
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Placements & Empanelment   RSS Feeds
  26 Opening Chartered Accountant ( CA ) - Finance Fresher
By CA Nilesh Sahu
Salary:INR 2,75,000 - 6,50,000 P.A Farea: Accounts, Finance, Tax, Company Secretary, Audit Education: UG - Any Graduate - Any Specialization, Graduation Not Required PG - Any Postgraduate - Any Specialization
 10 Opening Accounts, Finance, Tax, Audit Executive(mba Finance Fresher)
By CA Devender Singh
Salary:INR 3,00,000 - 7,00,000 P.A Farea: Accounts, Finance, Tax, Company Secretary, Audit Education: UG - Any Graduate - Any Specialization, Graduation Not Required
 45 Opening International Accounting-ca,icwa,cma
By CA Atul Gupta
Salary:INR 3,00,000 - 7,00,000 P.A Farea: Accounts, Finance, Tax, Company Secretary, Audit Education: UG - Any Graduate - Any Specialization, Graduation Not Required
 41 Opening Looking for Financial Analyst with CA / Icwa Fresher
By CA Mayank Jain
Salary:INR 3,00,000 - 7,50,000 P.A Farea: Accounts, Finance, Tax, Company Secretary, Audit Education: UG - Any Graduate - Any Specialization, Graduation Not Required PG - Any Postgraduate
 22 Opening Accounts & Finance Executive
By CA Nilesh Sahu
Salary:INR 3,75,000 - 8,00,000 P.A Farea: Accounts, Finance, Tax, Company Secretary, Audit Education: UG - Any Graduate - Any Specialization, Graduation Not Required
  50 Opening Statutory Audit CA Freshers Mumbai
By CA Devender Singh
Farea: Accounts, Finance, Tax, Company Secretary, Audit Education: UG - B.Com - Commerce
  20 Opening Cost Accountant (icwa / CMA) / Chartered Accountant (CA) Openings
By CA S K Verma
Salary:INR 4,50,000 - 8,50,000 P.A. Negotiable Farea: Accounts, Finance, Tax, Company Secretary, Audit Education: UG - Any Graduate - Any Specialization, Graduation Not Required PG - CA, ICWA
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Direct Tax   RSS Feeds
 Gujarat High Court asks CBDT to extend deadline for filing I-T returns to November 30
By CA Andrew F Thomas
Chartered accountants had reasons to rejoice on Monday with Gujarat High Court directing the Central Board of Direct Taxes (CBDT) to extend the deadline for filing income tax returns (ITR) to November 30, 2014.
 India urges all nations to join tax information pact
By CA Andrew F Thomas
Welcoming the G20 pact on exchange of information to curb tax evasion, India on Monday urged all nations to join the pact but expressed reservations about the mandatory arbitration in the Mutual Agreement Procedure
 RBI guidelines pay off, CDR cell gets just 1 referral in Aug
By CA Atul Gupta
In an indication of some improvement in the bad-asset portfolio of banks, only one case was referred to the corporate debt restructuring (CDR) cell for restructuring in August, sources in the know told FE.
 CBDT Seeks Staff Views to Expedite Processes
By CA Mayank Jain
The nation’s top direct taxes body has asked its officers to provide suggestions to quicken the process to unearth unaccounted cash and book tax evaders.
 Government should make tax compliance easy for e-commerce operators
By CA Manu T George
The Karnataka government has erred in asking online retailer Amazon to pay value added tax (VAT) on products it does not own or sell.
 New trends in tax evasion under CBDT lens
By CA Rashmi Sharma
Tax authorities are planning to look more actively into suspicious transaction reports (STRs) that provide information on dubious funds as they step up efforts against the menace of black money.
  Mumbai I-T Department nears targeted 17% rise in direct tax mop-up
By CA Mayank Jain
The Income Tax Department, which is gunning to mop up Rs 2.30 trillion from the financial capital this fiscal, today said the September quarter collections are close to the targeted 17 per cent growth.
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Service Tax   RSS Feeds
 Service taxes set to get a big infrastructure bump
By CA Rashmi Sharma
The service tax net will be cast wider soon to include a wide range of construction-related services, which are currently exempt as “infrastructure services” and form more than a third of the country’s Rs 4.5-lakh-crore construction sector.
 Textile buying agents seek service tax relief
By CA Manu T George
The Association of Buying Agents for Textiles is seeking relief from service tax levied on them in the recent Budget.
 G20 commits to automatic exchange of tax information by 2017
By CA Andrew F Thomas
Committing to a global response to deal with cross border tax avoidance and evasion, the G20 today decided to put in place a mechanism for automatic exchange of tax information by 2017.
 Simultaneous penalty u/s 76 and 78 - Respondent is situated in Punjab and therefore judgement pronounced by Punjab and Haryana High Court which is jurisdictional High Court, has to be followed - penalties are not imposable simultaneously even prior to amendment on 10.5.2008 in the jurisdiction of Punjab & Haryana High Court - Tri
By CA Manu T George
Therefore judgement pronounced by Punjab and Haryana High Court which is jurisdictional High Court, has to be followed.
 Govt to tweak GST Bill, with petro products in ambit
By CA Andrew F Thomas
The government is planning to reintroduce the Constitution (115th Amendment) Bill for Goods and Services Tax (GST) in the winter session of Parliament with some significant changes from a previous version that lapsed: Petroleum
 Double taxation in VAT and service tax under HC scanner
By CA Mayank Jain
The practice of charging value-added tax (VAT) and service tax on the entire bill amount by hotels and restaurants has come under the scanner of the Punjab and Haryana high court.
 Service tax might push school fees up
By CA S K Verma
School fees are likely to rise further if the institutions pass on the 12.36% service tax burden charged by third parties that provide content aids to schools.
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Transfer Pricing   RSS Feeds
  Proposed changes to secondary transfer pricing adjustment
By CA Atul Gupta
National Treasury and the South African Revenue Service (SARS) recently released the draft Taxation Laws Amendment Bill 2014 (Bill).
  Proposed changes to secondary transfer pricing adjustment
By CA Mayank Jain
National Treasury and the South African Revenue Service (SARS) recently released the draft Taxation Laws Amendment Bill 2014 (Bill).
 OECDs BEPS recommendations call for country-by-country documentation on transfer pricing
By CA Manu T George
The Organisation for Economic Co-operation and Development (OECD) which has recently released its first set of recommendations under its 'Base Erosion and Profit Shifting Project' (BEPS),
 Proposed changes to secondary transfer pricing adjustment
By CA Ojas Aggarwal
National Treasury and the South African Revenue Service (SARS) recently released the draft Taxation Laws Amendment Bill 2014 (Bill).
 Indonesia Seeks to Clarify Transfer Pricing Practices with PER 22
By CA Atul Gupta
Transfer pricing continues to be a critical issue for the Indonesian Tax Office (“ITO”). In an effort to provide much needed clarity on transfer pricing practices, particularly in relation to transfer pricing audits, the ITO issued PER 22
 Can A Business Enterprise Ignore Transfer Pricing?
By CA Mayank Jain
pricing occurs whenever there is a transaction between two business enterprises which are part of the same group of companies or are controlled by a common person.
 Taxand and IBFD launch 2014 Global Guide to Transfer Pricing
By CA Mayank Jain
In the Taxand Global Survey 2014, transfer pricing was considered the most challenging aspect of global taxation by multinational CFOs
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Customs and Excise   RSS Feeds
 larifications on mandatory pre-deposit for filing appeals under Service tax, Excise and Customs
By CA Atul Gupta
The Finance Act (No.2), 2014 (“the Finance Act”) has substituted new Section 35F of theCentral Excise Act, 1944 (“the Excise Act”) which is also applicable for Service Tax vide Section 83 of the Finance Act, 1994
 Customs duty regime needs to be friendlier
By CA Ojas Aggarwal
Several global business heads, including Honda, Vodafone and BP India, have recently spoken about the burdensome nature of tax laws in India that have delayed and discouraged further foreign investment into India.
 Clarifications issued regarding amendments to the Appeal provisions in Customs, Central Excise and Service Tax made by Finance Act, 2014
By CA Mayank Jain
The Finance Act (No.2), 2014 has been enacted on 06.08.2014. Section 35F of the Central Excise Act, 1944 and Section 129E of the Customs Act, 1962 have been substituted with new sections to prescribe mandatory pre-deposit as a percentage of the duty demanded where duty demanded is in dispute or where duty demanded and penalty levied are in dispute.
  Seeks to amend Notification No 39/96- Customs, dated the 23rd July, 1996
By CA Ojas Aggarwal
In exercise of the powers conferred by sub-section (1) of section 25 of theCustoms Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following
 Indian Ocean Region Customs meet on trade facilitation opens
By CA Devender Singh
A meeting of Customs administration officials from the 19 member-countries of the Indian Ocean Rim Association (IORA) on trade facilitation got under way in Bangalore on Monday morning.
 Clarifications on mandatory pre-deposit for filing appeals under Service tax, Excise and Customs
By CA S K Verma
The Finance Act (No.2), 2014 (“the Finance Act”) has substituted new Section 35F of theCentral Excise Act, 1944 (“the Excise Act”) which is also applicable for Service Tax vide Section 83 of the Finance Act, 1994 and Section 129E of the Customs Act, 1962 (“the Customs Act”)
 Delegation of powers of CBEC under rule 3 of Central Excise Rules, 2002
By CA Atul Gupta
In exercise of the powers conferred by section 37A of the Central Excise Act, 1944 (1 of 1944), the Central Government hereby delegates the powers of the Central Board of Excise and Customs under rule 3 of the Central Excise Rules, 2002,
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Mergers and Acquisitions   RSS Feeds
 Notable Mergers and Acquisitions of the Day 9/18: (GDOT) (WWAV) (EMKR)
By CA Ojas Aggarwal
Green Dot (NYSE: GDOT) announced that it has entered into a definitive agreement to acquire Santa Barbara Tax Products Group (“TPG”) for approximately $320 million in cash and stock plus potential additional contingent consideration. Green Dot Corporation
 Get used to seeing more mergers and acquisitions in healthcare
By CA Nilesh Sahu
The pace of mergers and acquisitions among healthcare giants continues, seemingly unabated, as more systems look for ways to better coordinate care.
 Notable Mergers and Acquisitions of the Day 9/8: (GE) (FMC) (GCA)/(MGAM) (RAX)/(CTL)
By CA Mayank Jain
General Electric (NYSE: GE) has signed a definitive agreement to sell its Appliances business to Electrolux for $3.3 billion. As part of the transaction, GE has entered into a long-term agreement with Electrolux to continue use of the GE Appliances brand.
 Cloud Behind The Latest Spate Of Mergers And Acquisitions
By CA Manu T George
These days, everyone wants a piece of the cloud. Technology mergers and acquisitions are on a tear for a blockbuster year, and cloud computing is responsible for much of this burst of activity.
 Notable Mergers and Acquisitions of the Day 9/5: (DLTR)/(FDO) (ARE) (VCYT)
By CA Rashmi Sharma
Dollar Tree, Inc. (Nasdaq: DLTR) and Family Dollar Stores, Inc. (NYSE: FDO) announced that the two companies have amended their merger agreement to include a commitment
 Mergers and acquisitions expanding across the nation's technology sector
By CA Nilesh Sahu
This year has witnessed a sharp rise in M&A activities in China's technology sector. Data from Dealogic, a global market observer, show that acquisitions led by Chinese technology firms reached
 TOP 10 MERGERS AND ACQUISITIONS IN THE INTERNET OF THINGS SPACE 2014
By CA Manu T George
In its second-largest acquisition ever, Google paid $3.2bn to buy Nest Labs, a maker of smart smoke alarms and thermostats for homes, back in January.
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Indirect Tax   RSS Feeds
 GST implementation from April 2016 feasible
By CA Manu T George
As negotiations with states on GST enter a critical stage, the Centre is looking forward to implementation of the new indirect tax regime from April 1, 2016.
 Finance Commission can look into GST compensation issue
By CA S K Verma
The Finance Commission can be involved in the exercise of compensating states for revenue losses following implementation of the Goods and Services Tax (GST), said former Revenue Secretary Sumit Bose.
 Desirability of standard form in Income-tax Rules for declaration as required under Rule 37BA (2) for giving credit for TDS.
By CA Rashmi Sharma
Some time a person may receive income in his name but in reality income belongs to some other person or income is taxable in hands of other person. There can be many such circumstances like
 I-T to look into credit history, loan repayment pattern of taxpayers
By CA Andrew F Thomas
To recover maximum tax arrears with the optimum use of manpower, the income-tax department has decided to look into the credit history and loan repayment pattern of taxpayers and prioritise cases for recovery of past dues based on a defaulter’s ability to pay.
 Indore Municipal Corporation detects huge property tax evasion by Jash Engineering
By CA Andrew F Thomas
Continuing the drive to check under assessment of property tax, the Indore Municipal Corporation (IMC) on Thursday unearthed huge irregularities in assessment of property at a factory of Jash Engineering located on Sanwer Road.
 Indirect Tax Evasion in Some Industries Case Study- Plastic
By CA Devender Singh
India is booming and consumers buy more and choices have increased. Taxes are bound to increase in normal course.
 Income-tax smooth sailing for seafarers on Indian flag vessels
By CA Atul Gupta
The new structure, once in place, will help seafarers posted on Indian flag ships save their entire income-tax liability. “The Finance Ministry has agreed, on a request from the Road Transport, Highways and Shipping Ministry,
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Various Acts & Rules   RSS Feeds
 Customs Tariff 2009-10 - PART-II - Chapter 98 - Project imports, Laboratory chemicals, passenger's baggage
By CA Atul Gupta
This Chapter is to be taken to apply to all goods which satisfy the conditions prescribed therein, even though they may be covered by a more specific heading elsewhere in this Schedule.
 Customs Tariff 2009-10 - PART-II - Chapter 97 - Works of art, collectors' pieces and antiques
By CA Atul Gupta
Unused postage or revenue stamps, postal stationery (stamped paper) or the like of heading 4907
 Customs Tariff 2009-10 - PART-II - Chapter 96 - Miscellaneous manufactured articles
By CA Mayank Jain
Articles of Chapter 66 (for example, parts of umbrellas or walking-sticks);
 Customs Tariff 2009-10 - PART-II - Chapter 95 - Toys, games and sports requisites; parts and accessories thereof
By CA Ojas Aggarwal
Toys, games and sports requisites; parts and accessories thereof
 Customs Tariff 2009-10 - PART-II - Chapter 94 - Furniture; bedding, mattresses, mattress supports
By CA Atul Gupta
Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated signs, illuminated name-plates and the like; prefabricated buildings.
 Customs Tariff 2009-10 - PART-II - Chapter 93 - Arms and ammunition; parts and accessories thereof
By CA Nilesh Sahu
telescopic sights or other optical devices suitable for use with arms, unless mounted on a firearm or presented with the firearm on which they are designed to be mounted (Chapter 90);
 Customs Tariff 2009-10 - PART-II - Chapter 92 - Musical instruments; parts and accessories of such articles
By CA Devender Singh
parts of general use, as defined in Note 2 to Section XV, of base metal (Section XV), or similar goods of plastics (Chapter 39);
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Finance Bills   RSS Feeds
 The Companies (Removal Of Difficulties) Seventh Order - dated 4th Sept 2014 New
By CA Manu T George
Whereas the Companies Act, 2013 (18 of 2013) (hereinafter referred to as the said Act) received the assent of the President on the 29th August, 2013 and section 143 of the Act,
 Finance & Commerce Ministry to discuss draft BIPA model tomorrow
By CA Nilesh Sahu
Officials of the finance and the commerce and industry ministries are scheduled to discuss the issues related to the draft text of the Bilateral Investment Promotion and Protection Agreement (BIPA) tomorrow.
 Union Finance Minister Shri Arun Jaitley said that the revenue targets fixed for Direct Taxes for the current Financial Year 2014-15 would not only be achieved but would also be surpassed
By CA Nilesh Sahu
The Union Finance Minister Shri Arun Jaitley hoped that the revenue targets fixed for Direct Taxes for the current Financial Year 2014-15 would not only be achieved but would also be surpassed.
 Finance ministry may pitch for higher tax exemption on health insurance
By CA Mayank Jain
The finance ministry is likely to pitch for a substantial increase in the income-tax exemption limit for health insurance as part of its plan to deepen insurance coverage. The ministry is examining a proposal that seeks to double the limit to 30,000 from 15,000.
 Finance minister reviews annual performance of public sector banks and financial institutions for 2013-14; calls for tougher action against wilful defaulters; highest ever more than 10,000 new branches opened during 2013-14
By CA Devender Singh
The Union Finance Minister Shri P. Chidambaram said that the last Financial Year 2013-14 was a difficult year even though there was positive movement towards greater stability.
 India Infrastructure Finance Company to raise Rs 7,000 crore through tax-free bonds
By CA Manu T George
State-owned India Infrastructure Finance Company (IIFCL) plans to raise Rs 7,000 crore via a public issue of tax-free bonds in October, according to a senior company official
 Finance Ministry hopes RBI focusses on promoting growth in policy tomorrow
By CA Atul Gupta
Ahead of tomorrow's monetary policy review, the Finance Ministry has expressed the hope that Reserve Bank will focus on promoting growth.
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