Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: empanelment :: cpt :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: articles on VAT and GST in India :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: VAT Audit :: ARTICLES ON INPUT TAX CREDIT IN VAT :: form 3cd :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: VAT RATES
 
 
News Headlines   RSS Feeds
 Pay your advance tax on time to avoid penalty
By CA Ojas Aggarwal
Advance tax is the income tax required to be paid in advance on estimated income of a tax year. The onus of estimating the taxable income and discharging the due tax liability on such income in advance, is on an individual tax payer.
 Income Tax department expect income declaration scheme picking up next month
By CA Andrew F Thomas
Even though the Mumbai office of the Income Tax department received a tepid response to the Income Declaration Scheme (IDS) so far, it is confident the scheme will pick up next month.
 GST should end imbalances in fixing tax rates, says Isaac
By CA S K Verma
The Goods and Services Tax regime should set right the historical imbalances in fixing the Central and State tax rates, Finance Minister T.M. Thomas Isaac has said.
  New opening Urgent Required Asst Manager/ Manager NGO Statutory Audit
By CA S K Verma
Salary:INR 5,00,000 - 10,00,000 P.A, Functional Area:Accounts , Finance , Tax , Company Secretary , Audit, PG:CA
 Missed your August 5 deadline to file income tax returns?
By CA Ojas Aggarwal
So you missed the income tax filing deadline of August 5. While you need not panic as the tax laws allow you to file your returns till March 31,
 Income-tax (21st Amendment) Rules, 2016
By CA Manu T George
In exercise of the powers conferred by sub-section (1E) of section 206C read with section 295 of the Income-tax Act, 1961 (43 of 1961),
 Companies (Share Capital and Debentures) Fourth Amendment Rules, 2016
By CA Nilesh Sahu
In exercise of the powers conferred by sub-sections (1) and (2) of section 469 of the Companies Act, 2013
More »
Continuing Prof. Edu.   RSS Feeds
 Seminar on Evolving Investment Strategies & Opportunities for CAs” (FINANCE AND CAPITAL MARKET)
By CA Rashmi Sharma
Place: Professional Development Committee Date: 27-08-2016 – To: 27-08-2016 CPE.Hrs.: 6
  Accounting and reporting requirements for banks (ACCOUNTING AND AUDITING)
By CA Andrew F Thomas
Place: BKC Banking CPE Study Circle for Members in Industry of ICAI Date: 26-08-2016 – To: 26-08-2016 CPE.Hrs.: 3
 Accounting and reporting requirements for banks (ACCOUNTING AND AUDITING)
By CA Devender Singh
Place: BKC Banking CPE Study Circle for Members in Industry of ICAI Date: 25-08-2016 – To: 25-08-2016 CPE.Hrs.: 5
  Seminar on Tax Audit & FCRA (TAXATION)
By CA Andrew F Thomas
Place: CALICUT BRANCH OF SIRC Date: 26-08-2016 – To: 26-08-2016 CPE.Hrs.:
 An Overview of GST & Service Tax Implementation of Construction (OTHERS)
By CA Nilesh Sahu
Place: HYDERABAD BRANCH OF SIRC Date: 24-08-2016 – To: 24-08-2016 CPE.Hrs.: 3
 GST SERVICE TAX AMENDEMENTS IN FINANCE ACT2016&IDS2016 (DIRECT TAXES)
By CA Nilesh Sahu
Place: Tirupathi Branch of SIRC of ICAI Date: 23-08-2016 – To: 23-08-2016 CPE.Hrs.: 6
 Latest Amendments in Taxation and Critical Issues in Consolidation of Financial Statements and Practical Notes to accounts with reference to accounting Standards. (INDIRECT TAXES)
By CA Devender Singh
Place: MAHARAJA PLACE. Opp. Metro Pillar No. 146, Punjabi Bagh, Near Shivaji Park Metro Station, New Delhi – 110026. Date: 23-08-2016 – To: 23-08-2016 CPE.Hrs.: 4
More »
VAT (Value Added Tax)   RSS Feeds
 The definitive guide to taxes and duties payable, while buying a home
By CA Rashmi Sharma
Taxes and duties constitute a large part of the total home buying cost. There are four types of taxes and duties that are levied on the purchase of homes in India
 Cotton ginners not to start ops unless VAT, market fee issues addressed
By CA Mayank Jain
Cotton ginners have announced not to start operations this season unless the Haryana Government addresses their grievances regarding VAT refund and reduction of the market fees.
 Bihar VAT (Amendment) Bill passed in Assembly
By CA Nilesh Sahu
The Bihar Assembly today passed the Bihar Value Added Tax (VAT) (Amendment), Bill, 2016 which was one of the eight legislations passed on Tuesday for taking the state ahead in taxation, education and other areas.
  Regarding Filing of returns through digital signature
By CA Andrew F Thomas
In exercise of the powers conferred on me under section 70 of Delhi Value Added Tax Act, 2004 and under rule 28of the Delhi Value Added Tax Rules, 2005,
 Regarding Filing of returns through digital signature
By CA Mayank Jain
Regarding Filing of returns through digital signature
 Punjab and Haryana HC issue notice to Chandigarh Administration on paying VAT on discount amount
By CA Mayank Jain
THE PUNJAB and Haryana High Court has issued notice of motion to the Chandigarh Administration asking to file a reply as to why their order directing the automobile agencies to pay value added tax (VAT)
 GST: Fear of dip in VAT collection hitting growth haunts officials
By CA Ojas Aggarwal
Haryana's BJP leadership may be jubilant over the passing of the Goods and Services Tax (GST) Bill in the Rajya Sabha, but government officials believe that initially the state would face revenue loss.
More »
Markets   RSS Feeds
 PE transactions prompt income tax queries over round tripping concerns
By CA Atul Gupta
Domestic companies raising private equity funding in the near term are likely to face increased scrutiny from tax sleuths looking for instances of round tripping.
 Amended India-Mauritius tax treaty only covers investments in shares
By CA Andrew F Thomas
The revamped India-Mauritius tax treaty will apply to only investments in shares and not to other instruments, details of the agreement released by Port Louis showed.
 Government drops cap gains tax on startup shares held for 2 years
By CA Nilesh Sahu
In a fresh boost to startups, the government on Thursday inserted an amendment to the Finance Bill to provide for capital gains tax exemption if shares of an unlisted company were held for more than two years.
 Tax-free bonds regain demand in the secondary market
By CA Ojas Aggarwal
Tax-free bonds which have been languishing for more than six months due to lack of investor interest in the secondary market, are in demand again.
 Relevant Market’ Under Competition Act, 2002
By CA S K Verma
The object of the Competition Act, 2002 (‘Act’ for short) is to preserve and promote competition and to prevent anti competitive business practices with minimal Government intervention.
 Indian markets best in terms of earnings momentum, price revision
By CA Andrew F Thomas
Let me just first ask you: the kind of volatile trade setup that the year has started with, the global markets were looking extremely shaky two or three days back because of oil and the Greek fears
 How India will become a common market with GST
By CA Rashmi Sharma
With the Centre and states finally reaching a consensus on the contours of the Goods and Services Tax (GST), India is all set to roll out the largest indirect tax reform since the introduction of the value-added tax in 2005.
More »
General   RSS Feeds
 I-T department to send emails to 2.59 lakh taxpayers
By CA S K Verma
Service tax collection from Mumbai zone has surged by nearly 23 per cent during the first four months of the fiscal over the year-ago period and has also surpassed the set target.
 Investments via Cyprus to attract capital gains tax
By CA Atul Gupta
The Union cabinet on Wednesday approved the revised double taxation avoidance agreement (DTAA) with Cyprus which will help close gaps and enable Indian authorities to tax capital gains in the country for investments originating in the Mediterranean island nation.
 GST rate on processed foods should be low or zero
By CA Manu T George
The rate of GST on processed foods should be kept low or at zero as the country cannot afford to have high taxes, with food inflation already over 6 per cent, industry body CII on Wednesday said.
 ITAT upholds NDTV's tax plea
By CA S K Verma
New Delhi Television (NDTV) has got partial relief from Income Tax Appellate Tribunal (ITAT) in a case related to payment of income tax.
 Law to tax indirect transfers is not bad in itself at all
By CA Manu T George
Tax disputes typically remind people of courts. But they arise at the lowest level where the taxpayer says ‘x’ and an officer says something different, eg, ‘y’.
 CBDT issues clarifications on valuation of fictitious liabilities
By CA Andrew F Thomas
CBDT has said that such fictitious liabilities can be in the nature of loans, creditors, advances received, share capital, payables etc.
 FPIs still wary of tax and regulatory environment in India
By CA Nilesh Sahu
Even as foreign portfolio investors (FPIs) find India to be an attractive emerging market destination, a large number of them continue to be wary of the overall tax and regulatory environment, a survey showed.
More »
Corporate Law   RSS Feeds
 India unveils first-ever comprehensive draft anti-human trafficking law
By CA Manu T George
Maneka Gandhi, Minister for Women and Child Development, unveiled a draft of the country’s first-ever comprehensive anti-human trafficking law, which would treat survivors as victims in need of assistance and protection rather than as criminals.
 Recent Case Laws On Reverse Charge Mechanism
By CA Ojas Aggarwal
The service tax recipient is liable to pay the service tax. Other persons are not liable to pay service tax.
 The Companies (Auditor S Report) Order, 2016
By CA Nilesh Sahu
The Ministry of Corporate Affairs vide Notification No. S.O. 1228(E), dated 29.03.2016 made ‘The Companies (Auditor’s Report) Order, 2016’ (‘Order’ for short) in supersession of the Companies (Auditor’s Report) Order, 2015.
 Decision to amend Income Tax law retrospectively regrettable
By CA Andrew F Thomas
The then Finance Minister Pranab Mukherjee’s decision to amend the Income Tax Act with retrospective effect to negate a Supreme Court verdict was regrettable, former Planning Commission deputy chairman Montek Singh Ahluwalia said today.
 Times guide to corporate tax
By CA Devender Singh
New manufacturing companies incorporated on or after March 1, 2016 have been provided an option either to adopt a reduced corporate tax of 27.55%
 Clearer interpretation of tax laws needed
By CA Devender Singh
The telecom sector, once the poster boy of reforms, has now turned into one of the biggest revenue earners for the Centre.
 What the proposed corporate law changes mean for retail investors
By CA Mayank Jain
The proposed corporate law framework is a mixed bag for retail investors. “It is positive for minority shareholders to the extent it didn’t relax any existing safeguards (for investors)
More »
Students   RSS Feeds
  Applicability of Standards/Guidance Notes/Legislative Amendments etc. for November, 2016 – Intermediate (IPC) Examination
By CA Andrew F Thomas
Applicability of the Companies Act, 2013 and other Legislative Amendments for Paper 1 and Paper 5 : The relevant notified Sections of the Companies Act, 2013
 CA Students participation in Institute Programmes for 5 hours
By CA Rashmi Sharma
The Council of the Institute has decided to implement a minimum of 5 hours (1 day) participation, in a year, w.e.f. 1st July, 2016 on recommendatory basis in various Institute’s programmes organized
 Applicability of Standards/Guidance Notes/Legislative Amendments etc. for November, 2016 – Intermediate (IPC) Examination
By CA Andrew F Thomas
The Negotiable Instruments (Amendment) Act, 2015:The Negotiable Instruments (Amendment) Act, 2015 received the assent of the president on 26th December, 2015
 Next batch of the Certificate Course on Valuation at Ahmedabad from 16th July, 2016
By CA Devender Singh
The Corporate Laws & Corporate Governance Committee of ICAI is starting next batch of the Certificate Course on Valuation at Ahmedabad from 16th July, 2016.
  Launch of the Certificate Course on Valuation at Gwalior from 14th May, 2016
By CA Ojas Aggarwal
The Corporate Laws & Corporate Governance Committee of ICAI is launching its first batch for the Certificate Course on Valuation at Gwalior from 14th May, 2016.
 CA curriculum to be revised in 2017, says ICAI president
By CA Nilesh Sahu
Devraja Reddy, the president of Institute of Chartered Accountants of India (ICAI), said here on Saturday that the curriculum and exam pattern of CA courses will be revised from the next academic year of 2017.
 Admit Cards for May 2016 Examination
By CA S K Verma
Admit cards in respect of candidates admitted to the Intermediate (IPC) and Final May 2016 examination, with their photographs and signatures on them, are hosted onwww.icai.nic.in.
More »
New Forms   RSS Feeds
 Requirement of item wise details in Forms Annexure - 2A, Annexure - 2B, DVAT- 30 and DVAT 31
By CA Manu T George
Requirement of item wise details in Forms Annexure - 2A, Annexure - 2B, DVAT- 30 and DVAT 31
 Amendment of ANF 3C – Application for on line filing of Grant of Status Certificate
By CA S K Verma
In exercise of powers conferred under paragraph 2.04 of the Foreign Trade Policy 2015-20,
 Regarding Form CR-II.
By CA Manu T George
In exercise of the powers conferred on me under section 27 of Delhi Value Added Tax Act, 2004 and in partial rnodification to the notification No.F.3(628)/Policy/VAT/2016/ 1424-36 dated 11th February,2016
 Filing of reconciliation return in Form 9 for the year 2014-15
By CA Nilesh Sahu
In partial modification to this department's Circular No. 34 of 2015-16 on the subject cited above and in exercise of the powers conferred under Rule 49A of the Delhi Value Added Tax Rules, 2005
  Form DVAT 01 - Application For Opting For Composition Scheme by a dealer registered
By CA Andrew F Thomas
Form DVAT 01 - Application For Opting For Composition Scheme by a dealer registered
 Interest from Non-SLR securities of Banks
By CA Ojas Aggarwal
It has been brought to the notice of the Board that in the case of Banks, field officers are taking a view that, "expenses relatable to investment in non-SLR
 Regarding the status of the forms downloaded by the dealers.
By CA Manu T George
The department had started issuing central statutory forms online without any manual II intervention since the middle of year 2012.
More »
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
More »
ICAI   RSS Feeds
 CPE Events 29th August - 27th September 2016
By CA Andrew F Thomas
CPE Events 29th August - 27th September 2016
 Update PAN details to avoid blocking of e-filing account by the Income Tax Department
By CA Atul Gupta
This is in continuation of the earlier announcement dated 24th August 2016 (Annexed at A) on updation of PAN details to avoid blocking of e-filing account
 Group for formulation of ICAI’s response to Ministry of Corporate Affairs on regulation of foreign firms, joint auditorship and other related matters.
By CA Mayank Jain
The Council, at its 357th (Adjourned) meeting held on 24th August, 2016 at Mumbai, while considering the letter No.12/16/2016-PI dated 9th August, 2016
 MEF 2016-17 last date extended to 10th September, 2016
By CA Manu T George
The last date of online filing of MEF 2016-17 is hereby extended from 31st August, 2016 to 10th September, 2016 at www.meficai.org
 Request to provide/update PAN details to avoid blocking of e-filing account by the Income Tax Department.
By CA Manu T George
It has been noticed that the Income Tax Department has blocked/ disabled the e-Filing account of the members whose correct PAN details are not available with the Department.
 Career Counselling Committee (CCC), ICAI is organizing Career Counselling Programme on 24th August, 2016 at No. 4B, Model Town, New Delhi
By CA Andrew F Thomas
Career Counselling Committee (CCC), ICAI is organizing Career Counselling Programme on 24th August, 2016 at No. 4B, Model Town, New Delhi
 Over 30 cesses, surcharges to push GST rate on higher side
By CA Manu T George
The subsuming of various cesses and surcharges into the GST rate may take it to a level much higher than 18%
More »
From the Courts   RSS Feeds
 S. Baskar Mathuram vs. The State of Tamil Nadu (Madras High Court)
By CA Andrew F Thomas
A Public Interest Litigation (PIL) filed by a lawyer to gain popularity and publicity and attract more clients amounts to an unethical practice of soliciting work and is in violation of the Code of Conduct.
 CIT vs. Karnataka Planters Coffee Curing Work (P) Ltd (Supreme Court)
By CA Nilesh Sahu
S. 68: When the facts show that the loan applications of 37 alleged trade creditors were processed and handled
 CIT vs. Hissaria Brothers (Supreme Court)
By CA Devender Singh
S. 275: Penalty proceedings for contravention of Sections 269SS & 269T are not related to the assessment proceeding but are independent of it.
 Hyundai Rotem Company vs. ACIT (ITAT Delhi)
By CA Mayank Jain
The TPO is required to be consistent in matters relating to selection of comparables.
 Tally Solutions Pvt. Ltd vs. ACIT (ITAT Bangalore)
By CA Manu T George
Transfer Pricing: Argument that transaction of extending credit period to AEs cannot be regarded as “international transaction” in the absence of any income arising therefrom is not acceptable.
  United Breweries Limited vs. DCIT (Karnataka High Court)
By CA Rashmi Sharma
S. 14A is applicable even where the motive of the assessee in acquiring the shares is to obtain controlling interest in a company and not to earn dividends
 CIT vs. Vinergy International Pvt. Ltd (Bombay High Court)
By CA Andrew F Thomas
S. 37(1): Foreign exchange loss is not a "notional" or "speculation" loss and is allowable as a deduction.
More »
Auditing   RSS Feeds
 Time Limit For Completion Of Assessment From The Date Of Special Auditor’s Report Under Income Tax Act, 1961
By CA Rashmi Sharma
Section 142(2A) of the Income Tax Act, 1961 (‘Act’ for short) provides for the conduct of special audit that may directed by the Assessing Officer.
 Provisioning pertaining to Fraud Accounts
By CA Rashmi Sharma
Please refer to circular DBR.No.BP.BC.83/21.04.048/2014-15 dated April 1, 2015 on the captioned subject. On a review, it has been decided to amend the provisioning norms in respect of all cases of fraud, as under:
 Tax Audit Report (TAR) Certain exceptions and increased limits according to number of partners and considering nature of activity are desirable
By CA Devender Singh
Provisions relating to maintenance of accounts and obtaining of TAR are old provisions and we find that very low limits fixed long ago have remain in force for long time.
 Cost Auditing Standards [ Cost Audit Documentation (102)] – Part-II
By CA Ojas Aggarwal
In continuation of our effort to make notified Cost Auditing Standards readable, next in line is theCost Auditing Standard on Cost Audit Documentation (102).
 Conference on Companies Act gets under way
By CA Manu T George
The two-day seminar on “Companies Act, 2013 – New Standards for Corporate Governance” being organised by Kakatiya University College of Commerce , Business Management and Institute of Chartered Accounts of India (ICAI), got under way here on Monday.
 New bureau to dissolve state-run banks' power to choose auditors
By CA Ojas Aggarwal
The government is likely to empower the proposed Bank Board Bureau to select audit firms for public sector banks as part of its larger initiative to strengthen their corporate governance practices.
 Foreign Exchange Management (Permissible Capital Account Transactions) (Fourth Amendment) Regulations, 2015
By CA Devender Singh
In exercise of the powers conferred by sub-section (2) of Section 6, sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999),
More »
Latest Circulars   RSS Feeds
 RBI-Guidelines on Enhancing Credit Supply for Large Borrowers through Market Mechanism
By CA Nilesh Sahu
Please refer to the Discussion Paper on the captioned subject issued on May 12, 2016 for comments of the stakeholders.
 RBI-Broadcasting of Auction Results and Allotment at Fixed Time
By CA Devender Singh
As part of the market borrowing programme of the Government of India (GoI) and State Governments, RBI conducts auction of GoI dated securities, Treasury Bills and State Development loans.
  Master Circular – Collection of Direct Taxes - OLTAS
By CA Nilesh Sahu
Instructions regarding Online Tax Accounting System (OLTAS) and operational aspects of the Direct Tax collection are currently being issued to agency banks directly
 Master Circular – Collection of Direct Taxes - OLTAS
By CA Devender Singh
Instructions regarding Online Tax Accounting System (OLTAS) and operational aspects of the Direct Tax collection are currently being issued to agency banks directly
 RBI announces Measures for Development of Fixed Income and Currency Markets
By CA S K Verma
The Reserve Bank of India today announced a package of measures for the development of fixed income and currency markets. These measures are intended to further market development, enhance participation, facilitate greater market liquidity and improve communication.
 RBI Seeks Comments on Draft Large Exposures Framework
By CA Ojas Aggarwal
The Reserve Bank of India today placed on its website the Draft Large Exposures (LE) Framework for comments.
 RBI to conduct 3 day and 12 day variable rate Reverse Repo Auctions under LAF Today
By CA Atul Gupta
The Reserve Bank of India will conduct the following variable rate reverse repo auctions today
More »
Budget Extravaganza   RSS Feeds
 Home Budget 2016Budget News Income Tax Return Forms For 2016-17 To Be Notified Early April
By CA Ojas Aggarwal
The Finance Ministry is likely to notify by the first week of April new income tax return (ITR) forms for assessment year 2016-17 which will more or less be similar to the one that was filed by assessees last year.
  Delhi govt presents ‘zero tax’ budget: Watches, clothes may get cheaper
By CA Atul Gupta
Deputy Chief Minister Manish Sisodia presented a ‘zero tax budget’ Monday aimed at rationalising Delhi’s Value Added Tax (VAT) structure.
 Delhi budget today, Major boost for health, transport likely
By CA Devender Singh
Education, health, and transport sectors are likely get a major allocation of funds in the Delhi Budget, which will be tabled in the assembly Monday by Deputy Chief Minister Manish Sisodia.
 Budget moves to reduce tax litigation
By CA S K Verma
The tremendous backlog of pending direct tax litigation has been a bane for the government and taxpayers alike—the locking-up of precious tax revenue for the government and unrelenting uncertainty on the tax front for the taxpayers.
 This Budget is not business as usual
By CA Atul Gupta
Is it possible to be popular without being populist? This Budget, which has sought to combine the virtues of macroeconomic stability with growth, is a good example.
 Expectations high on size of TS Budget expenditure
By CA Manu T George
With the Chief Minister K Chandrasekhar Rao’s firm directive that the Budget for 2016-17 should be realistic and to be tuned to the resources and requirements of the State, there is high anticipation about the size of the total expenditure.
 Budget 2016 brings lawyers under service tax net
By CA Ojas Aggarwal
The Budget has withdrawn tax exemptions given to lawyers and proposed a 14% tax on the services of a senior advocate to an advocate or partnership firm, and a person represented on an arbitral tribunal to an arbitral tribunal.
More »
Sales Tax   RSS Feeds
 State governments tighten their grip on sales tax holidays
By CA Ojas Aggarwal
Millions of shoppers will have a chance to stick it to the government over the next few weeks, as 17 states and Puerto Rico prepare for their respective sales tax holidays.
 Income tax dept charts plan to broaden national taxpayer base
By CA Ojas Aggarwal
India has drawn up a plan to widen its taxpayer base as the government aims to spend more to keep the economy buoyant.
 Sale of shares on which STT is payable is exempt from tax
By CA S K Verma
We understand that during FY16 you had only earned the LTCG of Rs.3.4 lakh from the sale of equity shares listed on a recognised stock exchange in India.
  Sale of Government of India Treasury Bills by Auction
By CA Manu T George
In supersession of Government notifications No. F.4(14)-W&M/86 dated 18th November, 1986; No. F.2(17)
 New tax treatment of sale of unlisted shares brings more certainty, less litigation
By CA Andrew F Thomas
As per Income Tax Law, Income earned from Sale of shares could be held as either Business Income or capital gains depending upon the facts of the case which had led to a lot of litigation over the years.
 Simpler tax laws, low rate can help get more people to pay up
By CA Rashmi Sharma
Much about taxes tend to be dismal. Data recently released by the Indian government shows hardly 1% of our population actually pays income tax.
 GST will smooth the way for e-commerce companies
By CA Manu T George
Implementation of GST will help resolve various issues concerning taxation and logistics with regard to e-commerce business, which has been recording rapid growth in the country, says a study.
More »
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
More »
ITAT-Constitution of Benches   RSS Feeds
 Income Tax Appellate Tribunal Ahmedabad Benches , Ahmedabad S/shri R.P. Tolani, Jm & N.K. Billaiya, Am Causelist For Bench 'A' Date : 29/08/2016
By CA S K Verma
Income Tax Appellate Tribunal Ahmedabad Benches , Ahmedabad S/shri R.P. Tolani, Jm & N.K. Billaiya, Am Causelist For Bench 'A' Date : 29/08/2016
  Income tax Appellate Tribunal : bangalore Benches : Bangalore Constitution for the Week from 29/08/2016 To 01/09/2016
By CA Ojas Aggarwal
Income tax Appellate Tribunal : bangalore Benches : Bangalore Constitution for the Week from 29/08/2016 To 01/09/2016
 Income tax Appellate Tribunal : bangalore Benches : Bangalore Constitution for the Week from 29/08/2016 To 01/09/2016
By CA Atul Gupta
Income tax Appellate Tribunal : bangalore Benches : Bangalore Constitution for the Week from 29/08/2016 To 01/09/2016
 Income Tax Appellate Tribunal Pune Benches , Pune Causelist For Bench 'A' For The Week Ending 02/09/2016
By CA Mayank Jain
Income Tax Appellate Tribunal Pune Benches , Pune Causelist For Bench 'A' For The Week Ending 02/09/2016
 Income Tax Appellate Tribunal, Hyderabad Benches, Hyderabad. Constitution For The Week Commencing From 29.08.2016 To 01.09.2016.
By CA Manu T George
Income Tax Appellate Tribunal, Hyderabad Benches, Hyderabad. Constitution For The Week Commencing From 29.08.2016 To 01.09.2016.
 Income Tax Appellate Tribunal, Mumbai Consolidated list of orders ready for Pronouncement on 24.08.2016
By CA Atul Gupta
Income Tax Appellate Tribunal, Mumbai Consolidated list of orders ready for Pronouncement on 24.08.2016
 Income Tax Appellate Tribunal, New Delhi Constitution of Benches From 29.08.2016 To 01.09.2016
By CA Mayank Jain
Income Tax Appellate Tribunal, New Delhi Constitution of Benches From 29.08.2016 To 01.09.2016
More »
Help   RSS Feeds
 Query
 Suggestions
 Information
 Results
More »
Placements & Empanelment   RSS Feeds
 New Opening Associate Business Manager CA (first Attempt)
By CA Ojas Aggarwal
Salary:INR 6,00,000 - 10,00,000 P.A, Functional Area:Accounts , Finance , Tax , Company Secretary , Audit, PG:MBA/PGDM - Finance
 New Opening Urgent Opening for CA Freshers (statutory Audit) with one of the Big 4
By CA Atul Gupta
Salary:INR 4,00,000 - 6,00,000 P.A, Functional Area:Accounts , Finance , Tax , Company Secretary , Audit, PG:CA
  100 Opening Financial Analysts at XL Dynamics India Pvt. Ltd.
By CA Ojas Aggarwal
Salary:INR 3,50,000 - 8,00,000 P.A, Functional Area:Financial Services , Banking , Investments , Insurance, PG:M.A - Any Specialization, Any Specialization, M.Com - Commerce, Commerce, MBA/PGDM - Finance,
 New Openings in Statutory Audit with Big4 Audit firm
By CA Atul Gupta
Salary:INR 6,00,000 - 16,00,000 P.A, Functional Area:Accounts , Finance , Tax , Company Secretary , Audit, PG:Any Postgraduate
 31 opening Axis Securities Hiring On Role Home Loan, LAP, Business Loan Position
By CA Ojas Aggarwal
INR Position for Home Loan, LAP, Business Loan (We never charged Anything from Jobseeker), Functional Area:Sales , Retail , Business Development, PG:Post Graduation Not Required
  New Opening Ernst & Young Hiring Qualified CA (senior /asst. Manager / Manager).
By CA Andrew F Thomas
Salary:INR 6,00,000 - 16,00,000 P.A. Variables, Functional Area:Accounts , Finance , Tax , Company Secretary , Audit, PG:MBA/PGDM - Any Specialization
 New Opening Full Time Academic Writer (finance and Accounting)
By CA Nilesh Sahu
Salary:INR 6,00,000 - 8,00,000 P.A,Industry:Education / Teaching / Training PG:CA, MBA/PGDM - Any Specialization, Finance
More »
Direct Tax   RSS Feeds
 CBDT plans to reduce the need for taxpayers to interact with officials with the use of technology
By CA Rashmi Sharma
A kind, gentler tax department — that's what Rani Singh Nair has in mind. "The challenge of the tax department is that it has to collect taxes but with a smile," said the new head of the Central Board of Direct Taxes (CBDT).
 Filing Income tax returns: How to treat share trading losses
By CA Rashmi Sharma
Are you a trader in stock market? Remember to report losses while filing tax return
 With Cyprus treaty cleared, govt faces conundrum on tax refund
By CA Mayank Jain
If Cyprus is removed from blacklist, tax department has to set up mechanism to return excess tax deducted since 2013
 Tax bars to conduct joint seminar on GST
By CA Rashmi Sharma
Members of Punjab Tax Practitioners Association (PTPA), District Tax Consultants Association (DTCA) (Income Tax)
 New rules make it easier to admit evasion
By CA S K Verma
In a notification dated 17 August, the Central Board of Direct Taxes (CBDT) has amended the fair market value (FMV) determination rules for immovable property, as applicable to the Income Declaration Scheme (IDS) 2016.
 What is the actual post-tax return on different investments? Find out
By CA Ojas Aggarwal
The actual annualised returns of financial instruments vary from the quoted rates due to different methods of calculations involved and taxation rules.
 58 firms contributed one-fourth of total direct taxes in FY12
By CA Devender Singh
The income tax department has released a detailed disclosure of receipts from the various classes of taxpayers at different income levels
More »
Service Tax   RSS Feeds
 With GST Constitutional Amendments, What Next ?
By CA Manu T George
The GST Bill – The Constitution (One Hundred and Twenty-second Amendment) Bill, 2014
 No service tax on tubewell construction for government projects, says CBEC
By CA Devender Singh
Construction of tubewells for government projects is exempt from payment of service tax, the Central Board of Excise and Customs (CBEC) has said.
 Taxable Event Under GST
By CA Rashmi Sharma
A taxable event is any event or occurrence that results in a tax liability. Normally taxable event means occurrence creates or attracts the liability to be fixed.
 Madhya Pradesh passes GST bill, seventh state to do so
By CA Rashmi Sharma
The Madhya Pradesh Assembly on Wednesday passed the Goods and Services Tax (GST) Amendment Bill.
 How GST will change the cost of taking insurance cover
By CA Atul Gupta
Before understanding the implications of GST on insurance, one needs to understand that under the current laws, there are 2 different slabs of service tax on insurance premiums.
 Will urge Centre to lower tax band for essentials:
By CA S K Verma
The State government will demand the Centre to fix the tax on maximum retail price of commodities at 10 per cent
 Service tax liability in case of hiring of goods without the transfer of the right to use goods
By CA Devender Singh
In terms of sub-clause (d) of clause (29 A) of Article 366 of the Constitution of India, the transfer of the right to use any goods for any purpose
More »
Transfer Pricing   RSS Feeds
 Changes coming to country-by-country transfer pricing documentation requirements
By CA Andrew F Thomas
Businesses with international operations need to be aware of changes to the required transfer pricing documentation that will apply in the near future.
  How to reduce transfer-pricing disputes
By CA Ojas Aggarwal
The Indian tax administration has been proactive in the past few years in its attempts at reducing tax litigation. Monetary thresholds for filing of appeals by tax authorities have been enhanced and a number of circulars have been issued to clarify disputed tax issues.
 How to reduce transfer-pricing disputes
By CA Manu T George
The Indian tax administration has been proactive in the past few years in its attempts at reducing tax litigation.
 With a New Name, MTC Transfer Pricing Program Moves Forward
By CA Rashmi Sharma
Today, the Multistate Tax Commission’s Transfer Pricing Committee voted to adopt an Information Exchange Agreement, which permits states to share taxpayer information with other states participating in the transfer pricing program.
 New accounting standards may trigger transfer pricing adjustments for multinationals: Experts
By CA Ojas Aggarwal
Even as Indian companies prepare for the new accounting standards -- Ind-AS -- multinationals are concerned that the new standards could trigger transfer pricing demands from Indian tax authorities.
 New transfer pricing rules have implications for intellectual property valuation
By CA Andrew F Thomas
The Organization for Economic Co-operation and Development (OECD) and the G20 recently adopted a formal plan related to transfer pricing that has implications for valuations of intangible and intellectual property (IP).
 Cairn Energy retro tax case: Sad reality of doing business in India
By CA Nilesh Sahu
Enough has been written about the $5.6 billion tax-demand on Cairn Energy Plc to know how unfair it was. Not only because it was based on the retrospective tax brought in by the UPA,
More »
Customs and Excise   RSS Feeds
 Rate of exchange of conversion of the foreign currency with effect from 7th July, 2016
By CA S K Verma
In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Excise and Customs No.87/2016-CUSTOMS (N.T.), dated 16th June, 2016,
 Common registration and return for First Stage Dealer and Importer
By CA Atul Gupta
Attention is invited to Notifications No. 30/2016-C.E.NT dated 28th June, 2016 by which it has been provided that an assessee who is registered as a First Stage Dealer shall be exempted from taking registration as an importer and vice-versa.
 Amendment to Notification No. 61/94-Customs
By CA Atul Gupta
In exercise of the powers conferred by clause (a) of sub-section (1) of section 7 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs,
 Mumbai airport Customs better than global counterparts
By CA Andrew F Thomas
A Finance Ministry-sponsored survey has revealed that 69 per cent respondents at the Mumbai airport Customs rated their experience as "better or somewhat better" than other international airports .
 Customs Cadet Corps set to spread wings
By CA Nilesh Sahu
Thousands of schoolchildren across the country will soon have a role to play in safeguarding the country’s economic frontiers, thanks to a novel initiative by the Cochin Customs House (CCH).
 Manner of payment of interest on warehoused goods
By CA Manu T George
Section 61 of the Customs Act, 1962 had been amended vide the Finance Act, 1994 whereby the interest payable with respect to warehoused goods was to be calculated with reference to the duty payable at the time of clearance of the goods from the warehouse.
 Security under section 59 (3) of the Customs Act
By CA Andrew F Thomas
Section 59 of the Customs Act, 1962 (as amended by Finance Act 2016) requires an importer of goods filing a bill of entry for warehousing to submit a Bond in a sum equal to thrice the amount of duty assessed on the goods to be warehoused.
More »
Mergers and Acquisitions   RSS Feeds
 Researcher warns of cyber-threat to mergers and acquisitions
By CA Nilesh Sahu
A FireEye report has warned of cyber-criminals targeting merger and acquisitions (M&A) deals.
 Mergers and acquisitions open new avenues in Beauty and Wellness space
By CA Devender Singh
Globally, mergers and buyouts are common practices where one conglomerate has either acquired all the assets and liabilities of another company,
 Wall Street has big M&A expectations
By CA Atul Gupta
Bankers big and small concede that 2016 won't top 2015's record highs for mergers and acquisitions, in part thanks to a slow start to the year attributable to choppy markets.
 The 10 Biggest Channel Mergers And Acquisitions Of 2016 (So Far)
By CA Mayank Jain
With gargantuan mergers and acquisitions continuing to change the landscape of the channel, 2016 has continued last year's trend of increased channel mergers and acquisitions.
 Making cybersecurity a priority in mergers and acquisitions
By CA Andrew F Thomas
The change inevitable in a post-deal situation makes the new company a ripe target for cyber criminals, who often capitalize on the security vulnerabilities that can arise during system implementations, lack of clarity or governance,
 In liberalised era, Kerala polity gets ready for mergers and acquisitions game
By CA Nilesh Sahu
Kerala politics, as it is poised now, could well take a leaf out of the corporate text books, especially the chapter on Mergers & Acquisitions.
 Strong Mergers and Acquisitions Activity Continues in Second Quarter
By CA Andrew F Thomas
The growth includes activity in the accounts receivables management and healthcare revenue cycle management sectors.
More »
Indirect Tax   RSS Feeds
 Additional Depreciation Under Section 32(1) (Iia) Of Income Tax Act, 1961
By CA Manu T George
Section 32 of Income Tax Act, 1961 (‘Act’ for short) deals with the method of calculating depreciation for the purpose of income tax.
 NCR homebuyers seek service tax refund
By CA Ojas Aggarwal
Homebuyers across NCR are now shoring up support to seek refunds of service tax on installments paid to builders,
 CBDT sees scope for higher TDS play
By CA Devender Singh
The government sees scope for more tax revenues to be garnered via Tax Deduction at Source (TDS) route, a senior income tax department official said.
 Income tax collection from Mumbai rises 9%
By CA Mayank Jain
Income tax collection from the Mumbai zone, which forms one-third of the total direct tax collections, grew by around 9 per cent to ?67,185 crore in April-July, driven by a massive spike in advance collections from individuals.
 Indirect tax collection up 30 per cent in June quarter against last financial year
By CA Devender Singh
The tax department is hopeful of meeting the revenue collection target for FY 2016-17, a top official said on August 16. Indirect tax collection rose by about 30.8 per cent during April-June to Rs 1,99,970 crore, from Rs 1,52,740 crore collected in the year-ago period.
 All you need to know about the GST Constitutional Amendment Bill
By CA Rashmi Sharma
With the long-awaited passage of the GST Constitution Amendment Bill in Rajya Sabha, here is a ready reckoner on the issues surrounding the proposed tax reform and it will mean for the Indian economy.
 GST is indeed a significant step towards indirect tax reforms: Abhishek Bansal, Pacific India
By CA Andrew F Thomas
This is indeed a significant step towards indirect tax reforms.
More »
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);
More »
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.
More »
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Team

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions