Filing Tax Returns Online Sees Slow and Gradual Reception By CA S K Verma With no stacking the IT-return acknowledgement forms anymore, no last-minute scramble with auditors or tax consultancies, e-filing has simplified the process of filing tax returns a great deal, feel salaried professionals.
Regarding Monthly Performance Reports By CA Mayank Jain At present there are more than 100 reports that are being sent by the field formations on a monthly basis to various Directorates and sections of the Board.
Government collects Rs 8,400 crore VAT By CA Andrew F Thomas The Delhi government has collected over Rs 8,400 crore in value added tax in the first six months of the current fiscal year, which is an increase of around Rs 420 crore as compared with the corresponding period the previous year.
High customs duty hindering growth of Indian luxury market By CA S K Verma Renowned Switzerland-based luxury watchmaker Raymond Weil has plans for four more franchise showrooms in India over the next two years but hopes the Indian government will lower the high customs duty which is a high 49% at present.
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.
DDA HOUSING SCHEME 2014 - PROCESS OF DRAW (Algorithm) By CA Devender Singh The computerized draw of allotment of flats is based on Random Number Indicated Technique. The complete draw process comprises of three stages i.e. Randomization of Applicants & Flats, Picking of Lucky Numbers and finally the mapping of applicants and the flats.
Incoming antitrust head promises action on tax deals By CA Atul Gupta High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Emailto buy additional rights.
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
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.
GLOBUS INFOCOM LTD Vs. COMMISSIONER OF INCOME TAX DELHI-IV By CA Atul Gupta Counsel for the respondent-Revenue has not been able to ascertain the correctness of the documents filed along with the present appeal. We are not inclined to grant any further time to the counsel for the respondent-Revenue as notice in the appeal was issued on 28th October, 2013
DIRECTOR OF INCOME TAX-(EXEMPTION) Vs. THE AJAY G. PIRAMAL FOUNDATION By CA Andrew F Thomas This appeal by the Revenue, under Section 260A of the Income Tax Act, 1991 (,,Act), impugns the order dated 30.06.2013 passed by the Income Tax Appellate Tribunal (,,Tribunal), in the case of Ajay G. Piramal Foundation (assessee) and pertains to the assessment year 2006-07.
Business visa compliance: Auditing matters By CA Mayank Jain With Indian companies spreading their operations across continents and engaging talent from all across the world, immigration compliance has become increasingly important, especially in countries such as the US. In fact, in many countries,
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.
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.
Constitution of Review Committee of Chief Commissioners of Customs By CA Manu T George In exercise of the powers conferred by sub-section (1B) of section 129A of the Customs Act, 1962 (52 of 1962), the Board constitutes the following Committees consisting of two Chief Commissioners of Customs mentioned in Column 2 of the Table below to be the Committee,
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.
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.
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.
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
26 Opening Chartered Accountant ( CA ) Finance Fresher By CA Manu T George 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 By CA Rashmi Sharma 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 PG - Any Postgraduate - Any Specialization,
10 Opening for Chartered Accountant By CA Devender Singh Salary:INR 6,00,000 - 9,00,000 P.A Farea: Accounts, Finance, Tax, Company Secretary, Audit Education: UG - Any Graduate - Any Specialization, Graduation Not Required PG - CA
10 Opportunity for Chartered Accountant By CA Nilesh Sahu Salary:INR 6,00,000 - 9,00,000 P.A Farea: Accounts, Finance, Tax, Company Secretary, Audit Education: UG - Any Graduate - Any Specialization, Graduation Not Required PG - CA
85 Opening Accounts & Finance Executive Fresher By CA Atul Gupta Salary:INR 2,00,000 - 3,00,000 P.A Farea: Accounts, Finance, Tax, Company Secretary, Audit Education: UG - Any Graduate - Any Specialization, Graduation Not Required PG - Any Postgraduate
Tax relief on transfer of technical manpower in SEZs By CA Rashmi Sharma The income tax (I-T) department has allowed profit-linked tax deductions to new Special Economic Zone (SEZ) units upon transfer of technical manpower up to 50 per cent from an existing unit — a further relaxation from 20 per cent allowed earlier in July this year.
Regarding audit by officers of Central Excise By CA Devender Singh Doubts have been raised in certain quarters regarding powers of a Central Excise officer to conduct audit, in the background of a recent judgment of Hon’ble High Court of Delhi dated 04.08.2014
Order under section 119 of the Income-tax Act By CA Andrew F Thomas Vide the Finance Act, 2012, certain clarificatory amendments were introduced in clauses (14) and (47) of section 2, in clause (i) of sub-section (1) of section 9 and in section 195 of the Income-tax Act ("the Act"), with retrospective effect from 01.04.1962 in relation to transfer of assets.
Taxable & non-taxable territory for service tax jurisdiction By CA Mayank Jain The provisions of registration under Service Tax law have been provided by Section 69 of theFinance Act, 1994. Every service provider providing taxable service is required to obtain registration from the Department of Central Excise having jurisdiction over the assessee.
Money transfer from abroad in service tax net By CA Andrew F Thomas The Centre on Tuesday decided to garner revenue by indirectly levying service tax on NRI remittances, a move that will eat into the earnings of lakhs of NRIs who regularly send money back home.
Business visa compliance: Auditing matters By CA Andrew F Thomas Bombay High Court has ruled in favour of Vodafone Group Plc (VOD.L: Quote, Profile, Research) in a transfer pricing dispute, two television stations reported on Friday.
Resolving transfer pricing disputes in Canada By CA Andrew F Thomas The growth in international business has led to more Canadian companies transacting across borders with related parties, making transfer pricing an important focus of the Canada Revenue Agency (“CRA”).
Customs to post more staff to catch gold smugglers By CA Manu T George Customs will double its manpower at Chennai airport in the coming days as gold smuggling has gone up. Around 280kg gold worth Rs 71 crore was seized so far this year while last year's seizure was worth Rs 51 crore.
Mergers and acquisitions increase By CA Manu T George Ireland has accounted for 14.6% of all European merger, acquisition and equity investment activity in value terms to date, this year, nearly 10% more than for the whole of 2013.
Your insurance payout will now come after a tax cut! By CA Ojas Aggarwal In a quiet move, the impact of which is being felt only now, the statute books have been amended to deduct tax at source on some insurance payouts, which could particularly affect people above 45 and those with single-premium policies.
Govt plans to revamp SME, SEZ tax regime By CA Atul Gupta The government is getting down to business to boost local manufacturing and create jobs and is working on a series of measures, including revamp of the tax system for the small-scale sector, ship-building
Delhi Finance Commission moots congestion tax for city By CA Nilesh Sahu Owing motor vehicles and driving into certain areas of the city may become expensive for residents. The Fourth Delhi Finance Commission, in its report submitted to Punjab Governor and UT Administrator Shivraj V Patil on Monday, has recommended imposition of a congestion tax in the city.