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 Announcement - Scholarships From The S. Vaidyanath Aiyar Memorial Fund - 2012. 
By CA Ojas Aggarwal
The Managing Committee of the S.Vaidyanath Aiyar Memorial Fund has decided to award scholarship to 60 articled assistants of the value of Rs. 500/- per month for a period of one year 1st September, 2011
| 300 fail Chartered Accountant final exam, but pass after retotalling
By CA Rashmi Sharma
Students and lecturers have complained that there were many errors in totalling and that past questions were repeated in the final exams conducted by the Institute of Chartered Accountants of India last November.
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| Suggestions of ICAI relating to Direct Taxes considered in the amendments to Finance Bill, 2012 as passed in Lok Sabha.
By CA Nilesh Sahu
Suggestions of ICAI relating to Direct Taxes considered in the amendments to Finance Bill, 2012 as passed in Lok Sabha.
| 'Received info on money held in overseas bank accounts'
By CA Devender Singh
The government has received a number of cases of information relating to money held in foreign bank accounts, minister of state for finance SS Palanimanickam on Tuesday said.
| Educational institutions set to follow ICAI norms
By CA Atul Gupta
Higher education institutes in the country will soon have to report their financial information in a standard and uniform format set by the Institute of Chartered Accountants of India.
| Extension of Due Date for the Comments on the Exposure Draft of the Taxonomy for C&I Companies.
By CA Atul Gupta
Keeping in view the numerous comments received on the draft general purpose taxonomy for C&I companies based on the Revised Schedule VI, it has been decided to extend the due date for the comments till 21st May, 2012. Accordingly,
| INTEGRATED PROFESSIONAL COMPETENCE EXAMINATION / ACCOUNTING TECHNICIAN EXAMINATION , MAY, 2012
By CA Nilesh Sahu
INTEGRATED PROFESSIONAL COMPETENCE EXAMINATION / ACCOUNTING TECHNICIAN EXAMINATION , MAY, 2012
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Direct Tax Implications arising out of Business Reorganization
By CA Nilesh Sahu
Place: Conference Hall,2nd Floor, Thakur Polytechnic College, 90 feet. Road, Near Nirmala College, Thakur Complex, Kandivli (E),Mumbai – 400101.
Date: 20th May, 2012 09:15 AM - 11:15 PM
CPE.Hrs.: 4
| CPE Seminar on Service Tax & International Taxation
By CA Atul Gupta
Ppace: ICAI Bhawan, G Block, Sector 14, Near CA Circle, Udaipur
Date: 19th May, 2012 16:30 AM - 18:30 PM
CPE.Hrs.: 4
| CPE SEMINAR ON INCOME TAX - TDS AND SERVICE TAX
By CA Mayank Jain
Place: ICAI BHAWAN, No.8, Second Main Road, Illango Nagar, PONDICHERRY - 605 011
Date: 19th May, 2012 10:00 AM - 11:30 PM
CPE.Hrs.: 6
| FINANCE ACT, 2012 / FINANCE BILL, 2012 – IMPLICATIONS OF AMENDMENTS IN SERVICE TAX INCLUDING CENVAT
By CA Ojas Aggarwal
Place: Keshavrao Ghaisas Auditorium, Ground Floor, PTVA\\\'s Inst. of Management Compound, Chitrakar Ketkar Marg, Vile Parle East, Mumbai 400 057.
Date: 19th May, 2012 17:00 AM - 21:00 PM
CPE.Hrs.: 4
| TAXATION - Foreign Payments – TDS u / s 195 of the Income Tax Act, 1961
By CA Atul Gupta
Place: Hotel Kanak, opp. Gujarat College, Ellisbridge, Ahmedabad - 380 006
Date: 19th May, 2012
CPE.Hrs.: 3
| One Day Conference on Direct Tax
By CA Nilesh Sahu
Place: ICAI Bhawan, Mettupalayam Road, Opp. Union Bank of India, Thudiyalur, Coimbatore-34.
Date: 18th May, 2012 10:00 AM - 11:45 PM
CPE.Hrs.: 6
| INDIRECT TAXES - Service Tax – Law and Practice
By CA Devender Singh
Place: HOTELOASIS, HD-8, PITAMPURA, DELHI-110 088
Date: 18th May, 2012
CPE.Hrs.: 4
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| | Markets RSS Feeds |
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FIIs will quit Indian markets if swords of GAAR, indirect transfer rules hang over their heads
By CA S K Verma
International financial services industry representatives continue to work with government officials to try and resolve significant issues related to the impact of the proposed Finance Bill, 2012, on the Indian capital markets.
| Markets end session on a firm note
By CA Manu T George
The markets trimmed gains but continued to witness positive trades in afternoon deals, buoyed by index heavy-weight RIL, Consumer Durables, Capital Goods and Metal shares. The BSE Sensex is at 17,604, up 126 points and the Nifty at 5,358, up 40 points.
| Asian markets rally, small savings rates hiked and more
By CA S K Verma
Asian markets rose on Tuesday as they reversed a two-day losing streak. The MSCI Asia Pacific index and the Japanese Nikkei index rose 1 per cent each as weak Asian currencies benefit export oriented Asian economies.
| Market in the absence of volume is having a telling effect: CK Narayan
By CA Andrew F Thomas
I would suspect that. The index had traded down into this zone yesterday. It has of course given up the gains in the morning but it is trading down into the same levels and what we are finding is rather woeful lack of volumes
| Market to rally but no reforms seen in Budget says IL&FS
By CA Nilesh Sahu
Though not much is expected from this year's Budget, the market is still hoping for the rally to continue.
| Don't ignore tax-saving mutual funds in a beaten-down equity market
By CA Atul Gupta
Investors are shunning equity-linked savings schemes (ELSS), or tax-saving mutual fund schemes, this tax planning season,
| Congress good performance may boost markets, states a study
By CA Nilesh Sahu
Any political formation after the polls in UP where the Congress party forges an alliance to form a new government will improve the Congress party's ability to push for policy decisions and reforms at the Centre and in turn will create a positive market sentiment,
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'Altered' DTC Bill likely in monsoon session, says Pranab Mukherjee
By CA S K Verma
The government will bring the Direct Taxes Code (DTC) Bill in the monsoon session of Parliament and has indicated that most of the recommendations of the standing committee will be accepted, raising hope that the legislation that seeks to overhaul the 50-year old income-tax law may be passed quickly.
| Lawyers' bandh shuts down western Odisha
By CA Rashmi Sharma
The 12-hour lawyers' bandh threw life out of gear in western Odisha on Tuesday. While government offices, courts, business establishment, banks and other financial institutions remained closed,
| GAAR may be thrown open to public debate
By CA Manu T George
Chairman of BMR Advisors Mukesh Butani believes that the government will throw general anti-avoidance rules (GAAR) open to public debate during the one year extension that was announced by Finance Minister Pranab Mukherjee today.
| GAAR application deferred by a year, amendments to provisions announced
By CA Andrew F Thomas
After weeks of protest by both foreign and Indian investors, FM Pranab Mukherjee on Monday announced that the General Anti-Avoidance Rules (GAAR) will be applied from 2013-14 onwards, deferring its application by a year.
| Investor awareness programme in Mangalore
By CA Ojas Aggarwal
The Institute of Chartered Accountants of India (ICAI), Mangalore branch, has organized an investor awareness programme on share market.
| CBDT in soup for bypassing House
By CA Manu T George
The Comptroller and Auditor General (CAG) has raised concern about the Central Board of Direct Taxes (CBDT) incurring expenditure to the tune of Rs 37,000 crore over the last five years without taking approval of Parliament.
| TN seeks compensation till GST is introduced
By CA Devender Singh
Tamil Nadu has asked the Government of India to provide compensation till Goods and Service Tax (GST) was introduced as the revenue loss suffered by states was substantial and permanent.
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Will tax laws ever be simplified?
By CA Ojas Aggarwal
Various finance ministers in India have from time to time expressed their desire to simplify the income-tax law. The Direct Taxes Code (DTC) was also originally meant to simplify tax laws, but will probably end up complicating the law even more.
| Workshop on Capacity Building of Practitioners & CA Firms
By CA S K Verma
Place: ICAI Bhawan, Vishnu Vihar, Opp. Surendra Nagar, Jansath Road, Muzaffarnagar (U.P.)
Date: 5th Feb, 2012
CPE.Hrs.: 4
| INCOME TAX APPELLATE TRIBUNAL CHENNAI BENCHES CHENNAI Revised Constition for the week from 01/11/2011 to 03/11/2011
By CA Manu T George
INCOME TAX APPELLATE TRIBUNAL CHENNAI BENCHES CHENNAI Revised Constition for the week from 01/11/2011 to 03/11/2011
| Monthly Digest of imp case law (Sept 11)
By CA Rashmi Sharma
A person makes investment in agricultural land within limits of town panchayats, and agricultural income was shown and declared year after year. Permission was sought to develop lands.
| Show me a problem, I will write you a law
By CA Nilesh Sahu
Whether one can legitimately conduct “due diligence” into the affairs of an Indian listed company before making a substantial investment in its securities has remained a subject matter of speculation for nearly two decades now.
| Make law books error-free: Court
By CA Devender Singh
Fed up with the numerous errors in various law books that are available in the market, the judiciary has itself come forward to correct them.
| Investing in India - a guide to tax laws in India
By CA S K Verma
The Indian economy has been one of the world’s fastest growing economies in recent years, witnessing annual growth of above eight percent for the previous 12 quarters with a Gross Domestic Product of over UDS1 trillion.
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Par nod to bill for High Courts in Meghalaya, Manipur, Tripura
By CA Devender Singh
A bill seeking to set up separate High Courts in Meghalaya, Manipur and Tripura was today passed by Parliament.
| Income Tax official gets 3-yr sentence in disproportionate assets case
By CA Devender Singh
A CBI court has awarded three years sentence to an income tax officer for possessing assets disproportionate to his known sources of income, in an 11-year old case.
| CIT vs. Sahara India Housing Corporation Ltd (Delhi High Court)
By CA Atul Gupta
The assessee offered gains from sale and purchase of securities as “capital gains”. The AO assessed it as business profits on the ground that in the earlier years, it was offered as such.
| NHRC suggests night courts to tackle overcrowding in prisons
By CA S K Verma
To tackle overcrowding in prisons across the country, the National Human Rights Commission has suggested holding of night courts in jails for trial of petty offences.
| Courts increase, yet over 15,366 cases on hold for 21 years
By CA Ojas Aggarwal
Despite government efforts to increase the number of courts, the problem of delayed justice continues to plague the city's legal system. Figures accessed through RTI reveal that 15,366 cases that are 21 years or older were pending before the metropolitan magistrates' courts in the city as on March 31 of this year.
| CIT vs. De Beers India Minerals Pvt Ltd (Karnataka High Court)
By CA Andrew F Thomas
To “make available” technical knowledge, mere provision of service is not enough; the payer must be enabled to perform the service himself
| CIT vs. Nalwa Sons Investment Ltd (Supreme Court)
By CA Nilesh Sahu
The assessee filed a ROI declaring loss of Rs.43.47 crores under the normal provisions of the Act and book profits of Rs.3.86 crores u/s 115JB. The AO assessed a loss at Rs.36.95 crores as per normal provisions and book profits at Rs.4.01 crores.
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| | Auditing RSS Feeds |
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Auditor disowns Prithvi Information report; refuses to sign accounts
By CA Rashmi Sharma
The auditor of the Hyderabad based software outsourcer Prithvi Information Solutions (PISL) have refused to sign the financial accounts of the company for 2010-11.
| ‘Our objectivity critical to media audit'
By CA Devender Singh
Audit and advisory company Spatial Access Media Solutions recently launched a new logo and restructured its services under three SBUs (strategic business units).
| HC wants all audit records on NRHM funds
By CA Rashmi Sharma
The Lucknow bench of the Allahabad High Court on Thursday summoned all audit reports pertaining to utilisation of NRHM funds in UP, prepared by the state and central teams.
| Social audit committee for multiple institutions in Lokpal
By CA Atul Gupta
A slew of measures involving multiple institutions rather than one institution for doing everything for everyone is the Suchna Evum Rozgar Ka Adhikar Abhiyan's mantra for a stronger Lokpal bill.
| Audit firms may also face action in Satyam-like cases
By CA Andrew F Thomas
New Companies Bill to propose equal responsibility of auditors, firms. Unlike in the multi-crore Satyam fraud, audit firms will not be able to wash their hands of corporate scams perpetrated by companies in connivance with their partner auditors.
| Audit report: Funds diverted in dargah
By CA Mayank Jain
The 2009 audit report has blamed a few members of dargah committee in Ajmer of allegedly misusing donors' fund. The committee comprising nine members, including the president appointed by the Union ministry of minority affairs
| CAG to go public with audit reports: Flagship schemes
By CA Manu T George
Prime Minister Manmohan Singh may not be happy with the way the apex auditor of the country, Comptroller and Auditor General (CAG) of India, goes public with its findings, but the office of the CAG is bracing up for more public interactions in the coming days.
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Selected Candidates for Internship Programme of the Department of Economic Affairs for 2012-13.
By CA Devender Singh
In order to recommend selection of interns for the Internship Programme 2012-13 of the Department of Economic Affairs, a meeting of the Selection Committee was held on 27 th April, 2012 and the Selection Committee unanimously recommended the names of the fifteen interns,
| RBI-Exchange Earner’s Foreign Currency Account
By CA S K Verma
Attention of Authorised Dealer Category – I (AD Category – I) banks is invited to A.P. (DIR Series) Circular No. 124 dated May 10, 2012 on the captioned subject in terms of which 50% of the balances in the EEFC accounts should be converted forthwith into rupee balances and credited to the rupee accounts as per the directions of the account holder.
| Change in tariff value of Brass Scrap (all grades), Poppy Seeds, Gold and Silver notified
By CA Atul Gupta
The Central Board of Excise and Customs (CBEC), Department of Revenue, Ministry of Finance has issued a Notification No. 42/2012-Customs (N.T.) dated May 15, 2012 and thereby notifying change in tariff value of Brass Scrap (all grades), Poppy Seeds,
| Regarding removal of anti-dumping duty from '6 day light tyre curing press for manufacture of bi-cycle tyres'
By CA Manu T George
Whereas, the designated authority vide initiation notification F.No. 15/40/2010-DGAD, dated the 23rd May, 2011, published in the Gazette of India, Extraordinary, Part 1, section 1, had initiated review in terms of sub-section (5) of section 9A of the Customs Tariff Act, 1975 (51 of 1975)
| Amends the Handling of Cargo in Customs Areas Regulations, 2009 (notification No. 26 / 2009 -Customs (N.T.), dated the 17th March, 2009)
By CA Rashmi Sharma
In exercise of the powers conferred by sub-section (2) of section 141 read with section 157 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby makes the following regulations to amend the Handling of Cargo in Customs Areas Regulations, 2009,
| Seeks to amend notification no. 75/2005-Customs, dated 22nd July, 2005(India-Singapore CECA)
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,
| Government Companies in the Stock Exchange, O.M.
By CA Rashmi Sharma
Government Companies in the Stock Exchange, O.M.
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| | ITAT-Constitution of Benches RSS Feeds |
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INCOMETAX APPELLATE TRIBUNAL, BANGALORE BENCHES: BANGALORE Consitution for the week from 21-05-2012 to 24-05-2012
By CA Ojas Aggarwal
INCOMETAX APPELLATE TRIBUNAL, BANGALORE BENCHES: BANGALORE Consitution for the week from 21-05-2012 to 24-05-2012
| INCOME TAX APPELLATE TRIBUNAL CHENNAI BENCHES CHENNAI Constitution for the week from 14/5/2012 to 17/5/2012
By CA S K Verma
INCOME TAX APPELLATE TRIBUNAL CHENNAI BENCHES CHENNAI Constitution for the week from 14/5/2012 to 17/5/2012
| INCOME TAX APPELLATE TRIBUNAL: LUCKNOW BENCHES
By CA S K Verma
INCOME TAX APPELLATE TRIBUNAL:LUCKNOW BENCHES,LUCKNOW
| INCOME TAX APPELLATE TRIBUNAL,KOLKATA BENCHES KOLKATA WEEKLY BENCH CONSTITUTION FROM 14.05.2012 to 17.05.2012
By CA Mayank Jain
INCOME TAX APPELLATE TRIBUNAL,KOLKATA BENCHES KOLKATA WEEKLY BENCH CONSTITUTION FROM 14.05.2012 to 17.05.2012
| INCOME TAX APPELLATE TRIBUNAL,NEW DELHI Contitution of Benches from 14.05.2012 to 17.05.2012
By CA Manu T George
INCOME TAX APPELLATE TRIBUNAL,NEW DELHI Contitution of Benches from 14.05.2012 to 17.05.2012
| INCOME TAX APPELLATE TRIBUNAL; HYDERABAD BENCHES; HYDERABAD. CONSTITUTION FOR THE WEEK COMMENCING FROM 07.05.2012 to 10.05.2012
By CA Devender Singh
INCOME TAX APPELLATE TRIBUNAL; HYDERABAD BENCHES; HYDERABAD. CONSTITUTION FOR THE WEEK COMMENCING FROM 07.05.2012 to 10.05.2012
| INCOME-TAX APPELATE TRIBUNAL, PUNE BENCHES, PUNE CONSTITUTION OF PUNE BENCHES FROM : 30.04.2012
By CA Devender Singh
INCOME-TAX APPELATE TRIBUNAL, PUNE BENCHES, PUNE CONSTITUTION OF PUNE BENCHES FROM : 30.04.2012
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| | Placements & Empanelment RSS Feeds |
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50 Opening Finance and Account process in an international
By CA Nilesh Sahu
Salary:INR 1,25,000 - 1,75,000 P.A Functional Area: Accounts, Finance, Tax, CS, Audit Education:(UG - B.Com - Commerce, B.B.A) AND (PG - Any PG Course - Any Specialization, Post Graduation Not Required)
| 120 Opening Finance Analyst
By CA Ojas Aggarwal
Salary:INR 2,00,000 - 3,00,000 P.A Functional Area: Accounts, Finance, Tax, CS, Audit Education:(UG - Any Graduate - Any Specialization, B.Com) AND (PG - Any PG Course - Any Specialization, Post Graduation Not Required, MBA/PGDM - Finance)
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| 25 Opening Walk-in Interview- Account Assistant /Executive
By CA Atul Gupta
Experience 0 - 5 Years Industry Type Banking, Financial Services, Broking Role Accounts Executive/ Accountant
| 100 Opening Accounts Executive/ Accountant/ Book Keeper.
By CA Atul Gupta
Salary:INR 2,50,000 - 7,50,000 P.A. Salary + Incentives + Transport Industry: Accounting, Finance Functional Area: Accounts, Finance, Tax, CS, Audit
| 100 Opening Finance Executive ( Freshers)
By CA Mayank Jain
Salary:INR 2,25,000 - 3,00,000 P.A Industry: Accounting, Finance Functional Area: Accounts, Finance, Tax, CS, Audit Education:(UG - B.Com - Commerce) OR (PG - MBA/PGDM, M.Com)
| 25 Opening Accounts and Finance Executive -Fresher
By CA Rashmi Sharma
Salary:INR 2,00,000 - 3,25,000 P.A Industry: Accounting, Finance Functional Area: Accounts, Finance, Tax, CS, Audit Education:(UG - B.Com - Commerce, Any Graduate) OR (PG - MBA/PGDM, M.Com, Any PG Course)
| 60 Opening Finance Executive
By CA S K Verma
Salary:INR 2,25,000 - 2,50,000 P.A Industry: Accounting, Finance Functional Area: Accounts, Finance, Tax, CS, Audit Education:(UG - B.Com - Commerce) OR (PG - MBA/PGDM, M.Com)
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| | Direct Tax RSS Feeds |
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Net direct tax collections rise 7-fold in April
By CA S K Verma
The net direct tax collections rose to a whopping Rs14,812 crore in April this year, a seven fold increase compared to the same period of last fiscal.
| Direct tax revenue doubled to Rs 4.46 lakh cr in 5 yrs to FY11
By CA Mayank Jain
The government's revenue from direct tax collection rose by 94% to Rs 4,46,935 crore in 2010-11, from Rs 2,30,181 crore in 2006-07, Parliament was informed today.
| Direct Taxes Code bill in monsoon session: Finance minister
By CA Manu T George
Finance minister Pranab Mukherjee on Tuesday said he intends to introduce the revised Direct Taxes Code (DTC) Bill, which seeks to overhaul the 50 yearold income tax laws, in the monsoon session of Parliament .
| CBI likely to register cases against members of Income Tax Appellate Tribunal
By CA Mayank Jain
The Central Bureau of Investigation (CBI) is likely to register cases against more than 20 members of different benches of Income Tax Appellate Tribunal (ITAT) for alleged corruption and collusion while dealing with various cases.
| April net direct tax receipts up 644% at Rs 14,812 cr
By CA Manu T George
The government’s net direct tax collections zoomed 644 per cent to Rs 14,812 crore in April, against Rs 1,992 crore in the year-ago period, as refunds fell from Rs 25,099 crore in April 2011 to Rs 9,819 crore in April this year.
| DTC implementation seems uncertain; but it has managed a backdoor entry through budget 2012
By CA Rashmi Sharma
The implementation of the Direct Tax Code, it seems, is uncertain at the moment. One has to wait and see the final shape of DTC. However, some DTC proposals on personal tax, has already been announced in the Budget 2012.
| fin min examining CBDT report
By CA Manu T George
Nearly ten months after it was formed to examine ways to check the menace of black money, a committee under the chairmanship of Central Board of Direct Taxes (CBDT) chief has submitted its report to the finance ministry.
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| | Service Tax RSS Feeds |
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Raids uncover Rs 1.5 cr service tax evasion
By CA Rashmi Sharma
The Indore branch of central excise and customs department, which raided on the premises of four real estate developers in the city during past two days, is estimating to recover an alleged service tax evasion of about Rs 1.5 crore from them.
| Dominant stake unlikely for NSDL in GST network firm
By CA Andrew F Thomas
The National Securities Depository Ltd (NSDL), which was to hold a 21% stake in the company set up to run the goods and services tax (GST) network, may not be the dominant private stakeholder in it.
| Commercial Tax department to start survey of wedding halls, caterers
By CA Rashmi Sharma
The city has only 37 marriage halls and eight caterers registered with the commercial taxes department as against the 400 marriages halls and 300 catering firms. The taxmen are now identifying the caterers and marriage hall owners to check for tax evasion and finalise tax liability on them.
| Service tax on rly freight from July 1
By CA Andrew F Thomas
Using the Railways to transport goods would become more expensive from July 1, with the government bringing the sector under the service tax net.
| Commercial Tax dept to start survey of marriage halls, caterers
By CA Devender Singh
The city has only 37 marriage halls and eight caterers registered with the commercial taxes department as against the 400 marriages halls and 300 catering firms.
| Countries With the Highest Income Tax Rates
By CA S K Verma
Rising public debt and elections in Europe and the US have once again raised the debate over taxes.
| Activities taxed by state govts to be exempted from service tax levy
By CA Atul Gupta
The government today agreed to make changes in the definition of ‘services’ in the Negative List to address states’ concern on the levy of service tax on activities already taxed by states. The move can also be seen as a strategy to secure the support of states for introduction of the Goods & Services Tax (GST).
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| | Mergers and Acquisitions RSS Feeds |
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Govt eases telco merger rules; defers spectrum pricing
By CA Mayank Jain
The telecoms ministry will allow mergers and acquisitions between operators that create a combined market share of up to 35 percent through a "simple and quick" process, the telecoms minister said, easing rules that were seen restricting deals in the sector.
| AI pilots warn of strike as HR panel studies foreign mergers
By CA Rashmi Sharma
Flag carrier Air India’s key pilot union has warned of industrial action as a deadline approaches next week for the start of a human resource integration process.
| Electronics giant Olympus hid investing losses in big merger payouts
By CA Andrew F Thomas
Olympus said Tuesday that more than $1 billion in merger payouts were used to hide years of losses on investments, an acknowledgment that is an abrupt about-face for the company,
| ONGC may invite Cairn, Vedanta to sign pact
By CA Manu T George
State-owned Oil & Natural Gas Corp (ONGC) may this week invite Cairn India and Vedanta Resources for signing of an agreement on sharing of statutory levies on the all important Rajasthan oilfields.
| Merger bankers seek action as economies sink
By CA Nilesh Sahu
Mergers and acquisitions slowed significantly in the third quarter, stymied by economic uncertainty that stifled the confidence and growth horizons of corporate executives, according to Wall Street dealmakers.
| Coal India awaiting govt nod for overseas acquisitions
By CA Atul Gupta
Coal India, the world's largest coal miner, is in talks for one acquisition each in Indonesia, Australia and the United States, its chairman said on Monday, adding it would only proceed after getting the green signal from the government.
| Global merger and acquisition seen rising, but at slower pace
By CA Ojas Aggarwal
Shadows are beginning to fall over the pitch books of merger and acquisition bankers. Announced M&A deals declined in this year's second quarter from the previous three months, casting gloom on hopes of a reviving world economy that will prompt executives to put their cash-rich balance sheets to work.
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| | Indirect Tax RSS Feeds |
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Indirect tax collection up 9%
By CA Atul Gupta
In the current financial year, the indirect tax collection, which includes excise duty, customs duty, and service tax, has been at Rs 91,035 crore, which is nine per cent higher than the previous year, while the service tax contributes Rs 3,705 crore alone, said Shreyas V Pandya, president, Gujarat Chamber of Commerce and Industry (GCCI).
| Income tax officials stage dharna in support of demands
By CA Andrew F Thomas
Income tax officials under the banner of Joint Council Association staged a dharna in Ludhiana against Central Board of Direct Taxes (CBDT) chairman Laxman Das on Tuesday in support of their demands.
| Pranab brings new twist to taxation of indirect transfers
By CA S K Verma
If you thought that Finance Minister, Mr Pranab Mukherjee's statement on Monday regarding retrospective ‘clarificatory' amendments would bring cheer for telecom major Vodafone, think again.
| I-T dept collects Rs 550 cr tax under international taxation
By CA S K Verma
The Directorate of International Taxation of the Income Tax Department has recorded collection of Rs 550 crore as tax payments from foreign shipping companies doing business at Gujarat ports.
| Tackling double taxation of software
By CA Devender Singh
The indirect taxation of information technology software has been a longstanding matter of debate and dispute. In particular, the challenge of double taxation has been endemic.
| The taxman who writes to destress
By CA Atul Gupta
When he is not looking into the fortunes of politicians or prominent businessmen to check if they have paid their taxes to the last rupee, chief commissioner of income tax
| Income Tax department detects over Rs 5,800 crore hidden income in MSME sector
By CA Atul Gupta
The Income Tax department has detected more than Rs 5,800 crore of concealed income in the low-profile micro, small and medium enterprises (MSME) sector during the fiscal 2010-11.
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| | Various Acts & Rules RSS Feeds |
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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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