Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: empanelment :: TDS :: cpt :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: VAT RATES :: form 3cd :: TAX RATES - GOODS TAXABLE @ 4%
 
 
News Headlines   RSS Feeds
 Have you missed the due date of filing your Tax Returns?
By CA Manu T George
Many times, it has been observed, that the taxpayers specially the salaried class do not file their tax returns thinking that since they have already paid their due taxes by way of TDS,
 What you should know about income tax refunds
By CA Rashmi Sharma
After income tax returns are filed by assessees, they are processed by the income tax authorities at the Centralised Processing Centre (CPC) in Bengaluru. After processing the returns,
 Income tax scrutiny to remain limited despite surge in returns filed
By CA Andrew F Thomas
The department recently sent 17 million text messages to individuals urging them to file returns for FY2017 before the due date of August 5.
 Regarding Filing of online return for first quarter of 2017-18 extension upto 01-09-2017
By CA Rashmi Sharma
In partial modification to this department's Circular No. 11 of 2017-18 on the subject cited above and in exercise of the powers conferred under Rule 49A of the Delhi Value Added Tax Rules, 2005, I H.
 Deadline to file returns extended to 28 August for biz with transitional
By CA Manu T George
The government on Thursday gave some relief to taxpayers availing of transitional input tax credit under the GST (Goods and Services Tax) regime by giving them an extra week till 28 August 28 to file tax returns.
 GST input tax credit form
By CA Rashmi Sharma
The Finance Ministry on Thursday said that the form for claiming transitional input tax credit will be available on the GSTN website from August 21.
  How to rectify income tax returns
By CA S K Verma
After an income tax return is filed, it is processed by the CPC, Income Tax Department.
More »
Continuing Prof. Edu.   RSS Feeds
  Accounting and Auditing Issues relating to Charitable Trusts (ACCOUNTING AND AUDITING)
By CA Andrew F Thomas
Place: FARIDABAD BRANCH OF NIRC Date: 23-08-2017 – To: 23-08-2017 CPE.Hrs.: 3
 Income Computation & Disclosure Standards. & RERA , (DIRECT TAXES)
By CA Nilesh Sahu
Place: Central Delhi CPE Study Circle of NIRC Date: 21-08-2017 – To: 21-08-2017 CPE.Hrs.: 5
 Refresher Program on IND AS (ACCOUNTING AND AUDITING)
By CA S K Verma
Place: Northern India Regional Council Date: 19-08-2017 – To: 20-08-2017 CPE.Hrs.: 12
  Refresher Program on GST (INDIRECT TAXES)
By CA Ojas Aggarwal
Place: Northern India Regional Council Date: 19-08-2017 – To: 20-08-2017 CPE.Hrs.: 12
  Technical Aspects And Return Filling In GST (Indirect Taxes)
By CA Andrew F Thomas
Place: Pathankot CPE Study Chapter of NIRC of ICAI Date: 17-08-2017 – To: 17-08-2017 CPE.Hrs.: 6
 Recent issues on Goods and Service Tax (INDIRECT TAXES)
By CA Nilesh Sahu
Place: Jind CPE Chapter of NIRC of ICAI Date: 19-08-2017 – To: 19-08-2017 CPE.Hrs.: 6
 Critical Issues In Tax Audit Report And Overview Of Benami ACT (Direct Taxes)
By CA Ojas Aggarwal
Place: Ambala Branch Of NIRC Date: 18-08-2017 – To: 18-08-2017 CPE.Hrs.: 3
More »
GST - Goods and Services Tax   RSS Feeds
 FAQ: Government Services P3
By CA Rashmi Sharma
The expression “special category States” provided in Explanation (iii) to section 22 of the CGST Act, shall mean the States as specified in sub-clause (g) of clause (4) of Article 279A of the Constitution.
 FAQ: Government Services P2
By CA Andrew F Thomas
Yes. Services provided by Police or security agencies of Government to PSU/private business entities are not exempt from GST. Such services are taxable supplies and the recipients are required to pay the tax under reverse charge mechanism on the amount of consideration paid to Government for such supply of services.
 FAQ: Government Services P1
By CA Nilesh Sahu
No, all services provided by the Government or a local authority are not exempt from tax. As for instance, services, namely, (i) services by the Department of Posts by way of speed post,
 FAQ: Gems & Jewelery P1
By CA Devender Singh
This would not amount to a supply and hence no tax is payable on such transaction and in such a case credit availed by the company would need to be reversed in accordance with section 17(5) of the CGST Act, 2017.
 FAQ: IT/ITES P3
By CA S K Verma
‘D’ is providing service to the OEM. GST is payable on the value of any supplies made by ‘D’ to OEM i.e. in respect of bills raised by ‘D’ on the OEM.
 FAQ: IT/ITES P2
By CA Ojas Aggarwal
No. In this case, ‘C’ is covered by the definition of ‘intermediary’ [section 2(13) of the IGST Act, 2017]. The place of supply of such intermediary service is location of the supplier in terms of section 13(8) of the IGST Act, 2017. As ‘C’ is located outside India, GST is not payable in this case.
 FAQ: IT/ITES P1
By CA Atul Gupta
In terms of Schedule II of the CGST Act 2017, development, design, programming, customisation, adaptation, upgradation, enhancement, implementation of information technology software and temporary transfer or permitting the use or enjoyment of any intellectual property right are treated as services.
More »
Markets   RSS Feeds
 FM calms nerves, says no plan to tax market gains
By CA S K Verma
In a bid to calm frayed nerves of stock market players, Finance Minister Arun Jaitley on Sunday clarified the government has no intention to impose a tax on long-term capital gains from trading in shares.
 Why we must tweak the market-led model
By CA Ojas Aggarwal
ACCORDING to the latest report by the New World Wealth, after Russia, India is the second most unequal nation in the world as 54 per cent of its wealth is in the hands of millionaires.
 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.
More »
General   RSS Feeds
 Data shows new tax regime widely adopted
By CA Mayank Jain
The Goods and Services Tax (GST) is one of the biggest tax reforms in India. Though only a few weeks old, the latest tax is now firmly embedded in the millions of transactions happening all over the country every day, since the historic first of July, 2017, a watershed in Indian taxation history.
 Confusion over GST persists: Wholesale grain market affected, sales fall by 40 percent in Pune
By CA Manu T George
In a chat with ET Now, Prakash Chhabria, Finolex IndustriesBSE 0.83 % talks about the volume growth, EBITDA margins & more. Edited excerpts:
 Slow tax growth reflects companies' GST troubles
By CA Nilesh Sahu
The exchequer got 19.1 per cent more from direct taxes in the first four months of the current financial year (FY18), but the amount paid by companies reflected their struggle with the goods and services tax (GST).
 What is PAN card? Why is it important?
By CA Nilesh Sahu
It is that time of the year when talks about income tax and filing returns are heard in every home and office. Did you know that one cannot file IT returns without PAN and without linking it to Aadhar card? PAN card?
 Govt to cut down executive discretion on tax laws
By CA Devender Singh
In an effort to give more certainty in taxation to investors, the finance ministry has decided to change the way it implements amendments in law proposed every year as part of the annual budget.
 Businesses can start filing July returns on GSTN from August 5
By CA S K Verma
The first tax returns under the new Goods and Services Tax (GST) regime can be filed from Saturday and the facility will remain open till August 20, GST Network CEO Navin Kumar said today.
 Are you earning abroad? Know the tax rules
By CA Devender Singh
Indians who are on deputation overseas or have settled overseas — whether by way of acquiring a permanent residency such as a green card in the US, or acquiring citizenship of a foreign country — need to be aware of their tax obligations in India.
More »
Corporate Law   RSS Feeds
 Government firm on tax law changes, relents on tribunal postings
By CA Ojas Aggarwal
Addressing one of the major concerns of the Opposition on the Finance Bill, the government Wednesday assured Parliament that all judicial appointments in regulatory bodies or tribunals, many of which are being restructured in one go through provisions in the Finance Bill, will continue to be made in consultation with the judiciary.
 Income Tax relief on money in single parent’s account may lead to tax evasion: Law panel
By CA Rashmi Sharma
The income tax exemption on the money deposited in a single parent's account as maintenance for a minor child in a divorce settlement case could open flood gates of tax evasion, the Law Commission warned today.
 Law panel against income tax relief for single parents
By CA S K Verma
The Law Commission is learnt to have decided against recommending income tax exemption on the money deposited in a single parent’s account as maintenance for a minor child in a divorce settlement case.
 Maintenance of Accounts and other record in GST Law
By CA Rashmi Sharma
No specific list of accounts or record has been prescribed in Section 53 of GST Law.
 Parliament Votes to Extend Value Added Tax Law
By CA Ojas Aggarwal
Legislators on Sunday extended the enforcement of value added tax for the upcoming fiscal year (starting March 21) and dropped the newly-proposed article narrowing the tax base to the final consumer.
 Taxation Laws (Second Amendment) Act, 2016 ​​​​​​​​​​​​​​​​​​​​​​​​​​​​
By CA Mayank Jain
In the Income-tax Act, 1961 (hereinafter referred to as the Income-tax Act), in Amendment of section 115BBE, for sub-section (1),
 Glimpse of Invoices Revised Model GST Law
By CA Nilesh Sahu
The esteemed vision of Hon’ble Prime Minister to create a digital and paper less economy cannot be crystalize without the digitalization of documentation and removal of hurdle of hard document.
More »
Students   RSS Feeds
 Intermediate-Announcement for May, 2018 old and new syllabus
By CA Andrew F Thomas
GST Be Examined In Section B ­ Indirect Taxes Of Paper 4: Taxation In May, 2018intermediate (Ipc) Examination Under Old Scheme Of Education And Training
 Certificate Course on Forex and Treasury Management –Forthcoming Batches Mumbai ,Hyderabad, Noida & Kolkata
By CA Ojas Aggarwal
Certificate Course on Forex and Treasury Management –Forthcoming Batches Mumbai ,Hyderabad, Noida & Kolkata
  November-2017 CA Examinations
By CA Ojas Aggarwal
In pursuance of Regulation 22 of the Chartered Accountants Regulations, 1988,
 Announcement for ICAI-CAMPUS (August-September, 2017) Aspirants
By CA Manu T George
Completion of GMCS is mandatory for taking part in ICAI Campus Placement Programme, meant for Newly Qualified CAs. Accordingly,
 Date and Time Schedule for Webcast and Mock Test Papers for May’ 2017 Examination
By CA Devender Singh
The Board of Studies has organized LIVE Webcasts for Intermediate (IPC) Course and Final Course students on how to prepare for respective subjects for May, 2017
 Announcement for the Students of CPT level for June, 2017 Examination - Section A: Fundamentals of Accounting
By CA Mayank Jain
The Ministry of Corporate Affairs (MCA) has notified Companies (Accounting Standards) Amendment Rules, 2016 (G.S.R. 364(E) dated 30.03.2016) wherein MCA has omitted AS 6,
 GST to be made applicable from May, 2018 examination onwards for Intermediate (IPC) Course and Final Course
By CA S K Verma
The Council of ICAI has decided that Goods and Services Tax (GST) will be examined in both Part II: Indirect Taxes of Paper 4: Taxation of Intermediate (IPC)
More »
New Forms   RSS Feeds
  Form DVAT 01 - Application For Opting For Composition Scheme by a dealer registered
By CA Devender Singh
Instructions for dealers opting for composition scheme (For details refer section 16 of the Act and Rule 5 of these rules)
 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
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
 ICAI-Convocation - 2017-18
By CA Devender Singh
In order to promote a sense of comradeship among members and for bringing them closer to the Institute, the Institute of Chartered Accountants of India (ICAI)
 Invitation for expression of interest from Social Media Networking Service providers/online marketing solution providers for providing social media solution/ online marketing solutions for publicizing the contents/ activities/other works of the Career Counselling Sub-group under BOS, ICAI by 25th August, 2017.
By CA Atul Gupta
Invitation for Expression of interest (EOI) from Social Media Networking Service providers/online marketing solution providers for providing social media solution
 Educational Material on Ind AS 16, Property, Plant and Equipment
By CA Devender Singh
Indian Accounting Standard (Ind AS) 16, Property, Plant and Equipment prescribe the accounting treatment for property, plant and equipment so that users of the financial statements can discern information about an entity’s investment in its property, plant and equipment and the changes in such investment.
 The Last Date of Online Filing of Multipurpose Empanelment Form (MEF) for the year 2017-18 is extended from 15th August, 2017 to 25th August, 2017.
By CA Devender Singh
The last date of online filing of MEF 2017-18 is hereby extended from 15th August, 2017 to 25th August, 2017 and the last date of submission of duly signed hard copy of declaration has been extended from 22nd August, 2017 to 30th August, 2017.
 Empanelment of Members to act as Observers at The Examination Centres for The Chartered Accountants Examinations November / December 2017.
By CA Ojas Aggarwal
It is proposed to empanel members to act as Observers for the forthcoming NOVEMBER / DECEMBER 2017 Chartered Accountants Examinations scheduled as under:
 ICAI Awards for Excellence in Financial Reporting' - Invitation to participate in the Competition for the year 2016-17
By CA Devender Singh
ICAI Awards for Excellence in Financial Reporting' - Invitation to participate in the Competition for the year 2016-17
 ICAI Awards for Excellence in Financial Reporting' - Invitation to participate in the Competition for the year 2016-17
By CA S K Verma
ICAI Awards for Excellence in Financial Reporting' - Invitation to participate in the Competition for the year 2016-17
More »
From the Courts   RSS Feeds
  The Citizens Cooperative Society Ltd vs. ACIT (Supreme Court)
By CA S K Verma
S. 80P Test of Mutuality: An assessee cannot be treated as a co-operative society meant only for its members and providing credit facilities to its members if it has carved out a category called ‘nominal members’.
 K Raveendranathan Nair vs. CIT (Supreme Court)
By CA Ojas Aggarwal
S. 260A: Right of appeal is not a matter of procedure. It is a substantive right.
 M/s Fiberfill Engineers Vs. Deputy Commissioner Of Income Tax
By CA Manu T George
The Petitioner, M/s Fiberfill Engineers, has filed this petition under Article 226 of the Constitution of India challenging an order dated 17th March, 2015
 Commissioner Of Income Tax, Del Vs. Mrs. Tara Sinha
By CA Rashmi Sharma
The Respondent Assessee - Mrs. Tara Sinha (hereafter `Assessee'), was working as the President of M/s Tara Sinha McCann Erickson Pvt. Ltd.
 Unitech Wireless (Tamil Nadu) Pvt. Ltd. Vs. Principal Commissioner Of Income Tax, New Delhi & Ors.
By CA Andrew F Thomas
This writ petition under Articles 226 and 227 of the Constitution of India has been filed by the Petitioner, Unitech Wireless (Tamil Nadu) Private Limited
 Pr. Commissioner Of Income Tax – 3 Vs. Delhi State Industrial Infrastructure Development Corp. Ltd.
By CA Nilesh Sahu
The Revenue is in appeal against an order by the Income Tax Appellate Tribunal (`ITAT') in ITA No. 1450/Del/2012 for the Assessment Year (`AY') 2008-09.
 CIT vs. D. K. Garg (Delhi High Court)
By CA S K Verma
S. 68 "Peak Credits": An accommodation entry provider wanting to avail the benefit of the 'peak credit' has to make a clean breast of all the facts within his knowledge concerning the credit entries in the accounts.
More »
Auditing   RSS Feeds
 Time Limit For Completion Of Assessment From The Date Of Special Auditors 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 to conduct 7 day Variable rate Reverse Repo auctions under LAF on August 21, 2017
By CA Devender Singh
The Reserve Bank of India will conduct the following Variable rate Reverse Repo auction on August 21, 2017, Monday, as per the revised guidelines on Term Repo Auctions issued on February 13, 2014.
 Resolution of Stressed Assets: Towards the Endgame (Urjit R. Patel, Governor - August 19, 2017 - Inaugural Session of the “National Conference on Insolvency and Bankruptcy: Changing Paradigm”, Mumbai)
By CA S K Verma
Swift, time-bound resolution or liquidation of stressed assets will be critical for de-clogging bank balance sheets and for efficient reallocation of capital.
 Eligible Credit Rating Agencies- Rating of Fixed Deposits by Infomerics Valuation and Rating Private Limited (IVRPL)
By CA Atul Gupta
A reference is invited to para 9 of the Master Direction DNBR. PD.002/03.10.119/2016-17 dated August 25, 2016 on Non-Banking Financial Companies Acceptance of Public Deposits
  Appointment of nominated counsel in the Hon’ble High Court of Delhi at New Delhi- Compliance of the Order dated 21.07.2017
By CA Mayank Jain
All NBFCs notified as ‘Financial Institutions’ under sub clause (iv) of clause (m) of sub section (1) of section 2 read with section 31A of the SARFAESI Act, 2002
 RBI-Core Banking Solution (CBS) Requirements for Urban Co-operative Banks (UCBs)
By CA Atul Gupta
As stated therein, a document dealing with the functional and technical requirements for Core Banking Solution in Urban Co-operative Banks has been prepared
 RBI-Interest Subvention Scheme for Short Term Crop Loans during the year 2017-18
By CA Mayank Jain
Please refer to our circular FIDD CO.FSD.BC.No.29/05.02.001/2016-17 dated May 25, 2017 conveying continuation of Interest Subvention Scheme on the interim basis.
 Appointment of nominated counsel in the Hon’ble High Court of Delhi at New Delhi- Compliance of the Order dated 21.07.2017
By CA Mayank Jain
All NBFCs notified as ‘Financial Institutions’ under sub clause (iv) of clause (m) of sub section (1) of section 2 read with section 31A of the SARFAESI Act, 2002
More »
VAT (Value Added Tax)   RSS Feeds
 Regarding disposal of pending form DVAT 04 & 07 Form Applications
By CA Manu T George
Regarding disposal of pending form DVAT 04 & 07 Form Applications
 Disposal of pending Form DVAT 04 & Form DVAT 07 applications: regarding
By CA Nilesh Sahu
As you are aware, we have ushered into a new Tax regime with the roll out of GST which has taken effect from 1st July, 2017.
 Cenvat Credit Rules, 2017 III Part
By CA Andrew F Thomas
Rule 11(5) provides that the manufacturer of final products shall submit a monthly return in the form specified by the notification, by the Board.
 VAT phased out in TS
By CA Rashmi Sharma
The twelve-year journey of Value Added Tax (VAT) in the State ended on Thursday with its dealers meeting the deadline for filing of the final returns of income.
 Cenvat Credit Rules, 2017 II Part
By CA Ojas Aggarwal
In this part we will discuss the obligation of a manufacturer or producer of final products under Rule 8. In this regard we may refer definitions of some terms.
 Cenvat Credit Rules, 2017 – Part I
 How much do you know about VAT as a taxpayer?
By CA Andrew F Thomas
Have you ever wondered why your receipts generated using Electronic Cash Register (ETR) like in the supermarkets include a 16 per cent VAT charge?
More »
Budget Extravaganza   RSS Feeds
 New look finance ministry team to frame contours of Budget 2018
By CA Ojas Aggarwal
Finance Minister Arun Jaitley's fifth Union Budget will sport a different look, starting with a lighter `Part B’ with fewer indirect tax changes because of GST
 How presenting the Budget early seems to be paying off already
By CA Ojas Aggarwal
Breaking with a long-standing tradition, Finance Minister Arun Jaitley presented the Union Budget a full four weeks early this year and the results already seem to be showing in terms of expenditure.
 Budget advancement helps Centre, states start spending early
By CA Rashmi Sharma
Advancing the Budget and notifying the Finance Act, 2017, have enabled the Centre and state governments to start spending from the first month of the financial year from the central funds.
 Five things that you can expect from the Mumbai civic budget today
By CA Andrew F Thomas
Mumbai civic chief Ajoy Mehta will present the Brihanmumbai Municipal Corporation’s (BMC) budget for the financial year 2017-18
 GST all set for July 1 rollout but casts shadow on state budgets
By CA Ojas Aggarwal
With GST all set to be rolled out from July 1, states have not made too many changes in the indirect tax structure in their budgets for 2017-18.
 Income-Tax collection revised in Rajasthan budget
By CA Manu T George
Expecting a major increase in salaries after implementing the 7th Pay Commission for state government employees this year, the state has upwardly revised its budget estimate from income tax (I-T) collection for 2017-18.
 No new taxes likely in Maharashtra Budget
By CA Rashmi Sharma
Maharashtra finance minister Sudhir Mungantiwar on Thursday indicated that there will not be any new tax burden on the common man.
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 : Chandigarh Benches : Chandigarh Revised Constitution for the Week from 16/08/2017 To 25/08/2017
By CA Manu T George
Income Tax Appellate Tribunal : Chandigarh Benches : Chandigarh Revised Constitution for the Week from 16/08/2017 To 25/08/2017
 Income Tax Appellate Tribunal : Bangalore Benches : Bangalore Revised Constitution for the Week from 21/08/2017 To 24/08/2017
By CA Rashmi Sharma
Income Tax Appellate Tribunal : Bangalore Benches : Bangalore Revised Constitution for the Week from 21/08/2017 To 24/08/2017
 Income Tax Appellate Tribunal Ahmedabad Benches, Ahmedabad Shri Rajpal Yadav, Jm & Pradip Kumar Kedia, Am Causelist For Bench 'A' 21/08/2017
By CA Atul Gupta
Income Tax Appellate Tribunal Ahmedabad Benches, Ahmedabad Shri Rajpal Yadav, Jm & Pradip Kumar Kedia, Am Causelist For Bench 'A' 21/08/2017
 Income Tax Appellate Tribunal Bangalore benches Bangalore Causelist for the week from 21-08-2017 To 24-08-2017
By CA Mayank Jain
Income Tax Appellate Tribunal Bangalore benches Bangalore Causelist for the week from 21-08-2017 To 24-08-2017
 Income Tax Appellate Tribunal New Delhi Benches New Delhi Causelist for Bench 'B' 07/08/2017
By CA Mayank Jain
Income Tax Appellate Tribunal New Delhi Benches New Delhi Causelist for Bench 'B' 07/08/2017
 Income Tax Appellate Tribunal New Delhi Constitution of Benches from 21/08/2017 To 25/08/2017
By CA Manu T George
Income Tax Appellate Tribunal New Delhi Constitution of Benches from 21/08/2017 To 25/08/2017
 Income Tax Appellate Tribunal Banglore Causelist for The week from 14/08/2017 To 17/08/2017
By CA Andrew F Thomas
Income Tax Appellate Tribunal Banglore Causelist for The week from 14/08/2017 To 17/08/2017
More »
Help   RSS Feeds
 Query
 Suggestions
 Information
 Results
More »
Placements & Empanelment   RSS Feeds
  New Opening Assistant General Manager|| Finance & Accounts
By CA Atul Gupta
Salary:INR 20,00,000 - 25,00,000 P.A., Functional Area:Accounts , Finance , Tax , Company Secretary , Audit
 New Opening Senior Manager Retail Finance / Finance Auditor
By CA Mayank Jain
Functional Area:Accounts , Finance , Tax , Company Secretary , Audit, PG:CA, ICWA (CMA), MBA/PGDM - Any Specialization, Finance, M.Com - Commerce
 New Opening Chartered Accountant with 5-9 Years post Qualification exp 22.5 LPA
By CA S K Verma
Salary:INR 15,00,000 - 22,50,000 P.A., Functional Area:Accounts , Finance , Tax , Company Secretary , Audit
 New Opening Assistant Manager- Accounts / CA / Chartered Accountant
By CA Ojas Aggarwal
Salary:INR 8,00,000 - 13,00,000 P.A., Functional Area:Accounts , Finance , Tax , Company Secretary , Audit
  New Opening Chartered Accountant / Finance Manager
By CA Atul Gupta
Functional Area:Accounts , Finance , Tax , Company Secretary , Audit,
 New Opening Head Accounting Operations (banking exp Mandatory)
By CA Mayank Jain
Experience 15-20 Years,Compensation:50,00,000-75,00,000 P.A., Accounts, Finance, Tax, Company Secretary, Audit
 5 Opening CA - Direct Taxation/indirect Taxation Semi Qualified
By CA Nilesh Sahu
Salary:INR 3,00,000 - 8,00,000 P.A., Functional Area:Accounts , Finance , Tax , Company Secretary , Audit
More »
Direct Tax   RSS Feeds
 Haryana tax department turns lens on shell companies
By CA Nilesh Sahu
Haryana excise and taxation department has asked its officers to find out whether premises companies from the state have mentioned in goods and services tax network registration are authentic, a move that seems to be aimed at identifying shell companies.
 CBDT denies data inconsistency over new taxpayers after note ban
By CA S K Verma
With doubts over official data on the number of taxpayers added post demonetisation, the Finance Ministry on Friday issued a long explanation stressing that there is no inconsistency in the statistics and said that 56 lakh additional Income tax returns were received in 2017.
 No inconsistency in number of tax payers: CBDT
By CA Ojas Aggarwal
The Central Board of Direct Taxes has said number of individuals filing income tax returns jumped to 2.79 crore this year from 2.23 crore, an increase of 56 lakh as stated by Prime Minister Narendra Modi in his Independence Day speech.
 India will benefit from growing tax revenue in FY2018
By CA Devender Singh
India's tax revenues will benefit from a widening tax base and robust advance collections, but non-tax revenues will face speed-bumps in fiscal 2018, the Development Bank of Singapore said today.
 I-T plans to pursue property-holders who have never filed income tax returns
By CA Andrew F Thomas
Income tax authorities plan to pursue those who have properties in their name but haven’t ever filed income tax returns on the suspicion that these may be benami holdings on behalf of people looking to conceal their wealth.
 Direct Tax Collections up to July, 2017 show Growth
By CA Rashmi Sharma
The Direct Tax collections up to July, 2017 continue to register steady growth.
 How True is CBDT’s Claim of Record New Tax Filers?
By CA Ojas Aggarwal
As per a release from the Central Board of Direct Taxes (CBDT), due to "demonetisation and Operation Clean Money", the number of income tax returns filed increased 25% to 2.83 crore, as on 5 August 2017, from 2.27 crore in the previous year.
More »
Service Tax   RSS Feeds
 Further clarification to Circular No. 1/2017 - GST dated 21st July, 2017.
By CA Ojas Aggarwal
This is for further clarification to Circular No. 1/2017 - GST dated 21st July, 2017 in order to remove various doubt regarding interpretation of above circular.
 GST Return Filing: How to handle discounts and additional cost
By CA Devender Singh
One of the sea changes brought about by the GST era is the way we determine the value of goods and services.
 GST base looks set to be at least 25% wider than earlier tax regime
By CA Ojas Aggarwal
The number of assessees who have applied for GST registration or registered to pay goods and services tax may cross 10 million soon, a 25% expansion from the 8 million assessees under the previous tax regime
 Businesses struggle with multiple tax rates, returns
By CA Atul Gupta
Entities face issues such as difficulty in coding items in HSN codes, need for filing service tax returns for each state of operation and likely challenges in matching of invoices under the new indirect tax regime.
 Common use items exempt from e-way bill provision under GST
By CA Andrew F Thomas
LPG, kerosene, jewellery and currency are among the common use items that have been exempted from the requirement of obtaining electronic permits for transportation under the GST regime.
 Goods And Services Tax Sends Taxes Racing
By CA S K Verma
The steep hike in betting tax — from 10 per cent to 28 per cent — with the advent Goods and Services Tax (GST), has not dampened the spirits of punters. There has been no fall in revenue for the state from betting – on the contrary, the income has gone up dramatically in July, the first month of GST.
 How GST lesson can unleash untapped potential of education sector in India
By CA Nilesh Sahu
An IT-enabled registration process that also permits an automated system for offering various programmes of learning by the institutions (with a strong back end IT accreditation system) may pave way for unleashing the hitherto untapped resources that this sector possesses.
More »
Transfer Pricing   RSS Feeds
  Domestic transfer pricing leeway provides a loophole for Indian companies
By CA S K Verma
Even as the government removed an irritant of domestic transfer pricing, industry trackers said this could lead to some companies exploiting it as a loophole.
 Transfer Pricing Times: U.S. Tax Court Rules In Favor Of Amazon In Latest Transfer Pricing Case
By CA Mayank Jain
In this edition: U.S. tax court rules in favor of Amazon, U.S. tax reform and the effects on transfer pricing, OECD releases toolkit for identifying financial data in developing countries, UK releases guidance on cash pooling,
 Government enters into 9 unilateral APAs with taxpayers in July
By CA Mayank Jain
In a bid to foster a non-adversarial tax regime, the Central Board of Direct Taxes (CBDT) entered into nine Unilateral Advance Pricing Agreements (UAPAs) with Indian taxpayers during the month of July, the government said on Monday.
 BMR Advisors’ corporate tax practice deal goes down to the wire
By CA Mayank Jain
Deloitte India has emerged as the front runner for acquiring BMR Advisors’ corporate tax practice even as KPMG and PwC remain in the race.
 Over 300 Income Tax commissioners transferred across country
By CA Andrew F Thomas
Over 300 commissioners of the Income Tax department have been transferred recently by the government, a major reshuffle seen as an attempt to fine tune the working of the department.
 GST won't apply to transfer of immovable property
By CA Ojas Aggarwal
Queries from our readers on income tax and other levies answered by Dilip Lakhani Senior Chartered Accountant.
 Outlining the transfer pricing law in Thailand
By CA Mayank Jain
This second draft of the laws, in general, aligns with the first draft released in May 2015,
More »
Customs and Excise   RSS Feeds
 IGST on high-seas sale of imports is levied only during customs clearance
By CA S K Verma
The CBEC Circular no 33/2017-Cus dated August 1, 2017 clarifies that IGST on high-seas sale transactions of imported goods, whether one or multiple,
 Central Excise Rules, 2017 – Part II
By CA S K Verma
Rule 16 provides that the Central Government may, by notification, extend the facility of removal of any excisable goods from the factory of production to a warehouse or from one warehouse to another warehouse without payment of duty.
 Central Excise Rules, 2017 – Part I
By CA S K Verma
The GST subsumes excise duty, service tax and other indirect taxes levied by the State Governments. After the implementation of GST,
 Allocate the charges amongst the Members of the Central Board of Excise and Customs
By CA Rashmi Sharma
Consequent upon appointment of Shri S.K. Panda and Ms. Ameeta Suri as Member of Central Board of Excise and Customs(CBEC)
  Constitution of Review Committees of the Chief Commissioners of Central Excise and Service Tax-Regd.
By CA Devender Singh
In exercise of powers conferred by sub-section (1B) of section 35B of the Central Excise Act, 1944 (1 of 1944) and sub-section (1A) of section 86 of the Finance Act, 1994
 4 new members appointed in Central Board of Excise and Customs
By CA Atul Gupta
Senior bureaucrat John Joseph and three other officials have been appointed as members in the Central Board of Excise and Customs (CBEC).
 Constitution of Review Committees of the Chief Commissioners of Central Excise and Service Tax-Regd.
By CA Andrew F Thomas
In exercise of powers conferred by sub-section (1B) of section 35B of the Central Excise Act, 1944 (1 of 1944) and sub-section (1A) of section 86 of the Finance Act, 1994 (32 of 1994),
More »
Mergers and Acquisitions   RSS Feeds
 Is India a more conducive market for mergers than acquisitions?
By CA Manu T George
Merger and acquisition activity in India perked up in 2016 thanks to a few multi-billion-dollar deals that companies struck either to slash debt or consolidate their market share.
 Decoding The Merger And Acquisitions Trends In Indian Startup Ecosystem
By CA Rashmi Sharma
According to the Indian tech startup funding report released by Inc42 for H1 2017, over 71 mergers and acquisitions took place during January-June 2017.
 India witnesses high level of merger and acquisition in online food delivery start-up space
By CA Andrew F Thomas
The merger and acquisition (M&A) activity has been on the rise in online food delivery start-ups. The M&A deals in the online food delivery business in the 2017
 Financial services ripe for mergers and acquisitions
By CA Andrew F Thomas
The financial services industry is predicted to prove a hotspot for M&A activity over the next 12 months, particularly around demergers.
 Telecom M&As mean better spectrum utilisation, services: Govt
By CA Ojas Aggarwal
The ongoing consolidation among telecom operators will result in efficient use of spectrum for better services, and six players in each service area will have adequate competition, Parliament was informed today.
 Vodafone India-Idea Cellular merger deal gets CCI nod
By CA Atul Gupta
The Competition Commission today approved merger of Vodafone India and Idea Cellular in a $ 23-billion deal that will create the country’s largest telecom operator.
 Surge in due diligence activity brings flood of business to big four
By CA Manu T George
Due diligence has always been a more profitable business for the Big Four and work is aplenty in an India buzzing with more mergers and acquisitions (M&As) and private equity (PE) deals than ever before.
More »
Indirect Tax   RSS Feeds
 What is a belated income tax return and what are its consequences
By CA Ojas Aggarwal
If you think you will miss the extended income tax return filing deadline also, there's still a chance for you to file your return.
 Why rejig of financial year could upset your tax planning
By CA Atul Gupta
On July 1st 2017 the most awaited and historic change to the Indian Taxation system was made with the introduction of the Goods and Services Tax (GST).
 The threat of harsh penalty should not impede tax compliance
By CA Nilesh Sahu
The Employees Provident Fund Organisation added over 10 million new subscribers after employers got an opportunity to file declarations for their unregistered employees with a nominal fee of Rs 1 per annum. The amnesty proved a pragmatic way to improve compliance.
 What are the tax exemption limits for allowances, reimbursements paid to employees? Find out
By CA Nilesh Sahu
Many of the allowances, reimbursements paid to us as a part of salary are tax-exempt up to a certain limit but the tax exemption is subject to certain conditions.
 High-income taxpayers to get priority treatment and extra facilities
By CA S K Verma
Welcome priority taxpayer, how may I help you? That could be the greeting you may get from the taxman, an encounter that's traditionally been far from friendly.
 GST input tax credit rules: How taxpayers will benefit from ITC
By CA Atul Gupta
The mechanism of input tax credit will ultimately reduce the final price to the wholesaler, retailer and consumer too, and cause a paradigm shift from individuals paying more taxes to more individuals paying taxes.
 More complications in filing income tax returns
By CA Ojas Aggarwal
Until recently, a person didn’t need to file a return if his taxable income was below Rs 2.5 lakh. But this year onwards, it doesn’t solely depend on the taxable income.
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 2017 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