Posted: 01 Dec 2011 07:30 PM PST

Recently I have faced a very interesting situation. I have to file ITR of one of my client online. My client is a HUF and his turnover is more then Tax Audit limit so as per Recent Income tax circular, I was required to file his Income Tax Return…

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Posted: 01 Dec 2011 06:18 PM PST

CIT Vs Meera Chatterjee (Delhi High Court)- In the present case, the Assessing Officer has not held that it is possible to compute and calculate the cost of acquisition of the tenancy rights in the hands of the original tenant Ram Krishan Dalmia….

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Posted: 01 Dec 2011 05:56 PM PST

Ketan V. Parekh Vs. Special Director, Directorate of Enforcement and another (Supreme Court)- Ketan Parikh, Kartik Parikh and M/s. Panther Fincap and Management Services Ltd, were imposed a penalty of Rs. 80 Crores, 12 Crores and 40 Crores…

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Posted: 01 Dec 2011 05:39 PM PST

Two farmers fed up with alleged bribery demands emptied three bags filled with slithering snakes in a busy tax office in northern India, an official said Wednesday. The 40 or so snakes of different sizes and species — including at least four deadly…

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Posted: 01 Dec 2011 08:49 AM PST

Income Tax Department nowadays selects almost all cases for scrutiny assessment under section 143(2) of Income Tax Act 1961 based upon AIR(Annual Information Return) transactions or through CASS. It is sometimes seen that when a case is selected for…

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Posted: 01 Dec 2011 08:03 AM PST

Section 45(2) of Income Tax Act deals with the cases where a capital asset is converted into stock in trade. Whenever a capital asset is converted into stock in trade by an assessee it is deemed as transfer of capital asset and attracts capital gain…

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Posted: 01 Dec 2011 05:18 AM PST

JDIT-OSD(IT) Vs. Harvard Medical International USA (ITAT Mumbai) The payment in question was purely for the purpose of advising, recommending and assisting in relation to healthcare projects. It was also for conducting education and training…

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Posted: 01 Dec 2011 04:33 AM PST

In Re Groupe Industrial Marcel Dassault (AAR) – It is true that a Double Taxation Avoidance Convention has to be construed on its terms. On a literal construction paragraph 5 would lead to the position that the transfer of shares of ShanH in this…

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Posted: 01 Dec 2011 04:06 AM PST

CIT Vs. Gold Leaf Capital Corporation Ltd. (Delhi HC) – Tribunal noticed that there were two coursed open to it. First course was to draw an adverse inference against the assessee and second course was to restore the matter back to the AO. It chose…

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Posted: 01 Dec 2011 02:41 AM PST

The President has appointed JM Shanti Sundharam as the new Member of CBEC in the vacancy arising on the retirement of Rajesh Dhingra yesterday. Now the CBEC will have four lady Members out of the total of six Members. It is possible that soon we…

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Posted: 01 Dec 2011 12:58 AM PST

CIT Vs. Rajendra Seclease Ltd.(Delhi HC) – In absence of evidence to show either that the sales were sham transactions or that the market prices were in fact paid by the purchasers; the mere fact that the goods were sold at a concessional rate to…

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Posted: 01 Dec 2011 12:43 AM PST

Tourist Visa on Arrival for Citizens of Eleven Countries The Government of India has provided Tourist Visa on Arrival (TVOA) facility for the citizens of 11 countries viz. Japan, Singapore, Finland, Luxembourg, New Zealand, Cambodia, Laos, Vietnam,…

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Posted: 30 Nov 2011 08:30 PM PST

F.No. 528/133/2011-STO (TU) he Cigarettes and other Tobacco Products (Packaging and Labelling) Rules, 2008 Rules prescribe the manner in which the specified health warning shall be displayed on the tobacco product packs covering all types of tobacco…

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Posted: 30 Nov 2011 08:25 PM PST

Planning Commission Deputy Chairman Montek Singh Ahluwalia has said the government has consulted all stakeholders, including UPA allies, before opening the multi-brand retail to foreign investment. Participating in a TV programme he said the…

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Posted: 30 Nov 2011 08:20 PM PST

While presenting the Annual Budget for 1956-1957, the then Union Finance Minister Shri C. D. Deshmukh had said: It is enough to state broadly my view that by means of the First Five Year Plan we have laid sound foundations for a more massive…

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Posted: 30 Nov 2011 08:18 PM PST

Posted: 27 Nov 2011 04:52 PM PST

In pursuance of section 5 of the Public Provident Fund Act, 1968 (23 of 1968) the Central Government hereby notifies that the subscriptions made to the fund on or after the 1st day of December, 2011 and balances at the credit of the subscriber shall…

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Posted: 27 Nov 2011 01:14 PM PST

The constitutional validity has been challenged of Chapters 1B and 1C of the Companies Act, 1956 inserted by Companies (Second Amendment) Act 2002, providing for the constitution of National Company Law Tribunal (`NCLT’ or `Tribunal’) and National…

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Posted: 27 Nov 2011 04:59 AM PST

As you know, I am here primarily to sign the Double Taxation Avoidance Agreement (DTAA) as was agreed during the visit of Prime Minister of Nepal to India on October 20-23, 2011. I am happy that we have revised the Double Taxation Avoidance…

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Posted: 26 Nov 2011 08:23 PM PST

Central Bureau of Investigation ( CBI) arrested Superintendent of Service Tax Department, Thane, Anil Singh for allegedly accepting a bribe from a private firm. The CBI laid a trap at his office chamber in Thane and arrested Singh red handed while…

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Posted: 26 Nov 2011 08:20 PM PST

Download Automated Form-16A for the Financial Year 2011-2012 and Assessment Year 2012-2013 in excel format.

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Posted: 26 Nov 2011 08:18 PM PST

The world is facing the tremors of financial time bombs which are getting blasted from time to time. Europe has covered every country, states, town’s news papers and, TV channels and other media resources left on the globe with their ongoing crisis….

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Posted: 26 Nov 2011 08:10 PM PST

The finance ministry has notified rules which will pave the way for small savings account holders to earn higher returns from December 1. Earlier this month, the government had accepted the recommendations of a panel which would help investors earn…

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Posted: 25 Nov 2011 08:56 PM PST

CBI is understood to have communicated to the Central Board of Direct Taxes that none of the individuals whose names figure in the LGT Bank accounts for stashing illegal funds abroad has any pending CBI cases against them. The list of 18 individuals…

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Posted: 25 Nov 2011 08:48 PM PST

The decision of the Union Cabinet to permit FDI into multi-brand retail in the country will create 10 million new jobs including 6 million in the logistics sector alone, said Shri Anand Sharma, Union Minister for Commerce and Industry. Addressing a…

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Posted: 25 Nov 2011 08:45 PM PST

In double whammy for Kiran Bedi, a key member of Team Anna, a Delhi court on Saturday ordered lodging of an FIR against her for allegedly misappropriating funds meant for her NGOs and rejected her complaint seeking further probe into Commonwealth…

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Posted: 25 Nov 2011 08:41 PM PST

TaxGuru.in : Legal & Tax Updates

Posted: 26 Oct 2010 04:30 AM PDT

The trial in multi-crore Satyam Computers accounting fraud case would begin from November 2 nearly 22 months after B Ramalinga Raju disgraced founder of Satyam Computer Services admitted fudging of company accounts to the tune of Rs

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Posted: 26 Oct 2010 04:21 AM PDT

Communications Minister A Raja s promise to let people switch their mobile service operators while retaining their telephone number has got delayed once again – the deadline for the implementation of mobile number portability has been

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Posted: 26 Oct 2010 04:17 AM PDT

Mahesh Bhupathi has been a resolute fighter on the tennis court since he turned pro in 1995 Clawing his way up the ATP rankings he has earned a career prize money of 5 191 184 nbsp But on Monday he decisively lost the tenacious fig

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Posted: 26 Oct 2010 04:14 AM PDT

Union Minister of State for Finance S S Palanimanickam today said the Direct Taxes Code would be implemented on April one 2012 nbsp It will be implemented on April 1 2012 There is no change in that he told reporters nbsp In

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Posted: 26 Oct 2010 02:32 AM PDT

Three Months Residential Programme on Professional Skills and Development has been initiated by Board of Studies ICAI for the benefit of Chartered Accountancy Students and newly qualified Chartered Accountants All the students who ha

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Posted: 26 Oct 2010 02:07 AM PDT

The Reserve Bank of India RBI has advised the government to impose strict new riders and set up a monitoring mechanism to prevent a real estate bubble That the central bank fears may be created due to diversion of foreign funds

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Posted: 26 Oct 2010 02:05 AM PDT

A year ago when a new law allowed Indian businessmen to form limited liability partnerships LLPs corporate houses felt it would be an easy way to escape tax But today many are running into a wall And the resistance is coming

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Posted: 26 Oct 2010 01:22 AM PDT

Insurance regulator IRDA is not in favour of allowing initial public offers IPOs by life insurers who have been in business for less than ten years a condition holding up the IPO guidelines for the sector nbsp The companies who hav

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Posted: 26 Oct 2010 01:13 AM PDT

The department of telecommunications is planning to use Unique Identification UID numbers nbsp which will be issued by the government as an identity and address proof for issuing a new mobile or landline connection nbsp The stre

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Posted: 26 Oct 2010 12:22 AM PDT

Retail investors will get to double their bets on initial public offerings as the market regulator is set to raise the limit to Rs 2 lakh the first revision in five years as it attempts to keep pace with the eroding value of the rupe

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Posted: 26 Oct 2010 12:16 AM PDT

The Supreme Court nbsp on Monday nbsp adjourned hearing in the tax case against Vodafone to 15th November after the telecom company sought time to go through the Rs 11 218 crore tax notice sent by the Income Tax department n

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Posted: 25 Oct 2010 11:58 PM PDT

Life insurance policy holders may not be required to keep paper records of their policies once the plan for digitalisation of the sector that is being worked on by the Life Insurance Council is approved by the regulator IRDA nbsp

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Posted: 25 Oct 2010 03:19 PM PDT

Infrastructure bonds are an attractive option for those in the high tax bracket Infrastructure bonds are the latest avenue for investors looking to park funds in debt instruments A number of companies have announced plans to raise

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Posted: 25 Oct 2010 03:08 PM PDT

THE Delhi high court has ruled that the tax authorities cannot initiate assessment proceedings simply on belief of escapement of tax or belief that some income has escaped tax effectively curbing powers of the revenue department to o

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Posted: 25 Oct 2010 03:05 PM PDT

The Reserve Bank of India has sent to the finance ministry a draft of its discussion paper on conversion of foreign bank branches into wholly-owned subsidiaries The draft is understood to recommend compulsory local incorporation coup

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Posted: 25 Oct 2010 09:09 AM PDT

The Directorate General of Income Tax Legal amp Research has issued a directive to regulate the filing of Special Leave Petition SLPs before the Supreme Court It has been stated 3 The objective of the Board is to file SLP i

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Posted: 25 Oct 2010 09:02 AM PDT

The Enforcement Directorate has registered a case for violation of Foreign Exchange Management Act as part of its probe into the alleged corruption in the run-up to the Commonwealth Games nbsp Official sources said Ce

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Posted: 25 Oct 2010 08:56 AM PDT

The Income Tax department is preparing a family tree of all senior officials individuals and their relatives who have bagged Commonwealth Games contracts and also of consortiums which entered into joint ventures with foreign e

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Posted: 25 Oct 2010 08:53 AM PDT

Punjab National Bank invites applications on the undernoted prescribed format from practicing firms of Chartered Accountants of India who are willing to have their Firms empanel ed as Concurrent Revenue Treasury Auditor in the Bank

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Posted: 25 Oct 2010 08:23 AM PDT

Satyam founder B Ramalinga Raju nbsp on Wednesday said he never admitted to fraudulently appropriating money from the IT company nbsp Defending the bail granted to him in the Supreme Court Raju interestingly thanked the government

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Posted: 25 Oct 2010 08:20 AM PDT

nbsp The Comptroller and Auditor General CAG nbsp on Wednesday nbsp seized files about various constructions works carried out by the CPWD and DDA for the Commonwealth Games even as the audit watchdog roped in more officers to

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Posted: 25 Oct 2010 08:17 AM PDT

The Union Cabinet today approved the proposal of Ministry of Home Affairs to introduce the Enemy Property Amendment and Validation Second Bill 2010 to make amendments to the Enemy Property Act 1968 The amendments among

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Posted: 25 Oct 2010 03:43 AM PDT

The finance ministry is looking into the possibility of phasing out some exemptions from the Centre s excise list in the next Budget nbsp The move is part of the transition exercise to the goods amp services tax regime slated

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Posted: 25 Oct 2010 03:32 AM PDT

It s not just numerology that links the recently released movies Dabangg Anjaana Anjaani and Raavan Thanks to the Competition Commission of India CCI the country s fair trade practice watchdog none of these movies would ha

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Posted: 25 Oct 2010 03:30 AM PDT

The Securities and Exchange Board Sebi of India is unlikely to accept a proposal to lift the size of mandatory open offer arising from mergers and acquisitions to 100 per cent from 20 per cent A panel set up by the Sebi had propo

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Posted: 24 Oct 2010 06:10 AM PDT

The Insurance Regulatory and Development Authority Irda has suspended sale of universal life policies which were being promoted as an alternative to unit-linked insurance plans from October 23 nbsp Sales have been suspended u

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Posted: 24 Oct 2010 05:55 AM PDT

The Reserve Bank of India RBI will continue with prudential norms for banks the Institute of Chartered Accountants of India ICAI has said It also stated that International Financial Reporting Standards-9 IFRS 9 for banks will n

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Posted: 24 Oct 2010 05:53 AM PDT

Since there is no transfer or delivery of the underlying asset in case of futures the income or loss from it cannot be taxed under the head capital gains nbsp Therefore depending upon the fact whether the assessee is a trader

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Posted: 24 Oct 2010 05:42 AM PDT

Transfer of High Courts Judges-In exercise of the powers conferred by clause 1 of article 222 of the Constitution of India the President after consultation with the Chief Justice of India is pleased to transfer the following Jud

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Posted: 24 Oct 2010 05:38 AM PDT

The Income Tax department today issued an order raising a tax demand of Rs 11 217 95 crore on Vodafone International Holdings BV treating it as an assessee in default under section 201 1 of the Income Tax Act 1961 the Act for f

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Posted: 24 Oct 2010 05:26 AM PDT

Rejecting allegations of corruption public broadcaster Doordarshan today claimed that the Rs 246 crore contract with a British firm to telecast Commonwealth Games was transparent and as per government rules nbsp Having faced brick

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Posted: 24 Oct 2010 05:23 AM PDT

The income tax department chose the softer option of acting on a tax evasion of Rs 29 crore from CWG broadcast firm SIS Live by withdrawing its own order to attach the company s bank accounts It rewrote its order attach accounts direct

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Posted: 24 Oct 2010 05:10 AM PDT

After the initial hesitation some of the private sector life insurance companies are launching unit-linked pension plans but only with a single premium option nbsp While ICICI Prudential has recently launched its single premium un

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Posted: 25 Oct 2010 11:51 PM PDT

Drafting Appeal and Procedure in Income Tax Appeals before CIT Appeals and ITAT Drafting of Appeal 1 nbsp nbsp nbsp nbsp Drafting of Statement of Facts and Grounds of appeal before Commissioner of Income-tax Appeals a

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Posted: 25 Oct 2010 11:22 PM PDT

The Ministry of Labour and Employment amp Training MLET vide its office memorandum dated 8 September 2009 has imposed restrictions on the issue of Employment Visas EVs to highly skilled and professionals foreign nationa

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Posted: 25 Oct 2010 03:28 PM PDT

Securities and Exchange Board of India SEBI at its Board Meeting held on 4 August 2010 has taken the decisions relating to the format frequency of filing of shareholding pattern under clause 35 of the listing agreement The decis

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Posted: 25 Oct 2010 03:25 PM PDT

Section 80IA 4 i of the Income-tax Act 1961 the Act provides for a tax holiday to an undertaking engaged in developing or operating and maintaining or developing operating and maintaining any infrastructure facility subject

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Posted: 25 Oct 2010 12:37 PM PDT

Settling or putting an end to the disputes among shareholders by the Company Law Board under section 397 398 of the Companies Act 1956 is a complicated job When where exist serious difference of opinion among the minority and

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Posted: 25 Oct 2010 07:07 AM PDT

The complications Indian Judiciary is being criticized by all in the recent past The media can criticize the judiciary and make it a news item using the general anger of the people on the Justice Delivery Mechanism in t

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Posted: 26 Oct 2010 01:06 AM PDT

A five-judge Constitution bench of the Supreme Court last week ruled that the settlement commission under the Income Tax Act cannot reopen concluded proceedings under Section 154 rectification of mistakes so as to levy interest

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Posted: 25 Oct 2010 11:16 PM PDT

Recently the Mumbai Bench of the Income-tax Appellate Tribunal the Tribunal in the case of Cheminova India Ltd Vs ACIT  Mumbai ITA No 4865 Mum 05 13 ITAT INDIA 240 Mum accepted higher price paid to its Associated Enter

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Posted: 25 Oct 2010 11:11 PM PDT

Bangalore bench of the Income-tax Appellate Tribunal the Tribunal in the case of ACIT v K Mohan Co Exports P Ltd 2010 130 TTJ 719 Bang held that that profits earned from forward contracts cannot be included in the profi

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Posted: 25 Oct 2010 03:51 PM PDT

The Delhi bench of Income-tax Appellate Tribunal the Tribunal in the case of DDIT v Virage Logic International ITA No 494 Del 2010 held that transfer of a computer software by an Indian branch of a foreign company approved as 1

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Posted: 25 Oct 2010 03:47 PM PDT

In a recent ruling Supreme Court SC in the case of Ajanta Pharma Ltd Taxpayer Civil Appeal No 7518 of 2010 on the issue of deductibility of export profits from the net profit while computing book profit for determining mi

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Posted: 25 Oct 2010 03:42 PM PDT

In the case of Vikas Road Carriers Ltd v ITO 2010-TIOL-417-ITAT-MUM the Mumbai Bench of the Income-tax Appellate Tribunal the Tribunal ruled that in light of the very typical facts of the case no disallowance could be made u

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Posted: 25 Oct 2010 03:35 PM PDT

Recently the Delhi bench of the Income-tax Appellate Tribunal the Tribunal in the case of ACIT Vs M s Toshiba India Private Limited 2010-TII-14-ITAT-DEL-TP has rejected the Assessing Officer s approach of cherry picking the comp

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Posted: 26 Oct 2010 02:45 AM PDT

Section 35 1 iii of the Income-tax Act 1961 Scientific research expenditure Approved social science or statistical research associations or institutions nbsp Notification No 75 2010 F No 203 152 2009 ITA-II dated

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Posted: 26 Oct 2010 02:28 AM PDT

Policy Circular No nbsp nbsp 03 RE-2010 2009-14 nbsp nbsp nbsp nbsp nbsp Dated nbsp nbsp nbsp nbsp nbsp nbsp nbsp  nbsp 25th October 2010 nbsp Subject SION H-158 as amendment done by Public Notice No 104 RE2

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Posted: 26 Oct 2010 02:22 AM PDT

Long Term Infrastructure Finance Bonds issued by Infrastructure Finance Companies IFCs under Section 80CCF of the Income Tax Act 1961- Exemption from the definition of public deposit RBI 2010-11 242 DNBS PD CC No 203 0

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Posted: 26 Oct 2010 02:19 AM PDT

RBI 2010-2011 243RBI DPSS No 914 02 14 003 2010-2011 nbsp October 25 2010The Chairman and Managing Director Chief Executive OfficersAll Scheduled Commercial Banks including RRBs Urban Co-operative Banks State Co-operative Bank

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Posted: 24 Oct 2010 06:06 AM PDT

Reduction of Government litigations – providing monetary limits for filing appeals by the Department before CESTAT and High Courts – Regarding nbsp F No 390 Misc 163 2010-JC nbsp New Delhi 20th October 2010Ministry of Finance nbsp D

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Posted: 24 Oct 2010 05:13 AM PDT

Cir IMD DF 15 2010 Dated nbsp October 22 2010 nbsp All Mutual Funds Asset Management Companies AMCs Trustee Companies Boards of Trustees of Mutual Funds nbsp Dear Sir Madam nbsp Sub Consolidation or Merger o

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Posted: 22 Oct 2010 02:32 AM PDT

Notification No G S R 820 E dated 6-10-2010 nbsp In exercise of the powers conferred by sub-section 7 of section 245F of the Income-tax Act 1961 43 of 1961 the Income-tax Settlement Commission hereby makes the followin

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Posted: 22 Oct 2010 02:28 AM PDT

Section 80C of the Income-tax Act 1961 – Deductions – In respect of insurance premium etc – Notified plan under section 80C 2 xii nbsp Notification No 80 2010 F No 178 04 2009-ITA-1 dated 19-10-2010 nbsp In exercise o

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Posted: 24 Oct 2010 11:23 PM PDT

Pay Slip Performa

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Posted: 23 Oct 2010 07:21 PM PDT

All in one Income Tax Calculation Software in excel It can prepared at a time Salary Statement Form-16 ITR-I 10E

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Posted: 23 Oct 2010 06:24 PM PDT

Internal Audit Checklist

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Posted: 22 Oct 2010 11:37 PM PDT

sugestion for student apearing on ca final nov 10

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Posted: 22 Oct 2010 11:34 PM PDT

Dear Friends Students I am enclosing the Costing Notes inclusive of past year questions and study material as these are considered very important for your exams The pattern of reading these notes should

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Posted: 22 Oct 2010 06:42 PM PDT

Income Tax Calculation for All Private Concern Employee and other Employees with Salary Statement Form-16 ITR-I Form 10E for Financial Year 2010-2011 and Assessment Year 2011-2012

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Posted: 22 Oct 2010 06:37 PM PDT

Income Tax Salary Statement 10E for Financial Year 10-11 Prepared by Pranab Banerjee Kalisthanpara Jiaganj Murshidabad West Bengal For contact -bpranab78 yahoo com OR pranab banerjee83 gmail com or Log in www pranab jiaganj co

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Posted: 22 Oct 2010 06:35 PM PDT

Income Tax calculation for Handicapped Employees For Financial Year 2010-2011

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Posted: 22 Oct 2010 06:32 PM PDT

Income Tax Calculation with Salary Statement Form-16 ITR-I for Fy 10-11 Prepared by Pranab Banerjee Kalisthanpara Jiaganj Murshidabad West Bengal For contact -bpranab78 yahoo com OR pranab banerjee83 gmail com or Log in www p

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TaxGuru.in : Legal & Tax Updates

Posted: 20 Oct 2010 01:38 PM PDT

Since Direct Taxes Code Bill 2010 has already been introduced in the Parliament it is expected that the Finance Bill to be introduced in February 2011 would not make significant policy changes at this stage nbsp The submission

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Posted: 20 Oct 2010 01:36 PM PDT

With reference to a news item appearing in a certain section of the print media today it is clarified that there is no move in the Ministry of Finance Government of India for any change of financial year from April March to Ja

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Posted: 20 Oct 2010 01:35 PM PDT

The Companies Bill 2009 has dealt with independent directors quite extensively The Standing Committee has spent significant time on issues relating to independent directors as evident from the report of the Committee nbsp This sho

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Posted: 20 Oct 2010 01:33 PM PDT

India s largest distribution network with 1 55 lakh offices has been thrown open to the insurance industry with the industry regulator allowing IndiaPost to sell policies of multiple insurance companies nbsp This opens a new dist

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Posted: 20 Oct 2010 01:25 PM PDT

Section 80E of the Income-tax Act 1961- Deduction – In respect of interest on loan taken for higher education – Financial institution notified for purpose of section 80E 3 b Notification No 79 2010 F No 178 49 2008-ITA-I dat

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Posted: 20 Oct 2010 01:23 PM PDT

Mumbai A district consumer forum recently brought to book a bank that made a couple run from pillar to post after they had expressed their willingness to close their housing loan account before maturity nbsp Stating that the compla

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Posted: 20 Oct 2010 01:20 PM PDT

When its auditors were wrongly led to believe that the current asset figures given to it by Satyam Computers was prim and proper the episode threw light on a fear that chartered accountants in the country have long harbored at the

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Posted: 20 Oct 2010 01:19 PM PDT

The introduction of joint audits could increase the likelihood of fraud according to a senior Big Four partner The partner who did not want to be identified said the introduction of joint audits in the UK could increase the chance o

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Posted: 20 Oct 2010 01:17 PM PDT

Recently the Delhi High Court found that the ITAT had passed an order on an issue which was not even raised in the grounds of appeal The High Court noted with anguish that even at the second appellate stage the matters are bei

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Posted: 20 Oct 2010 12:43 PM PDT

Important Note by ICAI to Students while downloading Admit Card Students are requested to download their admit card using their registration no only and not the bar code no CA November 2010 PCC IPCC amp Final Exa

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Posted: 20 Oct 2010 12:37 PM PDT

In pursuance of the consultations of the collegium of the Income Tax Appellate Tribunal consisting of the President and two senior-most Vice-Presidents the following Members of the Tribunal are hereby transferred in public inter

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Posted: 20 Oct 2010 11:51 AM PDT

Change of Examination Centers for November 2010 CA Exams nbsp Due to paucity of accommodation in some Zones opted by the candidates in the cities of Bangalore Chennai Delhi Indore and nbsp Kolkata some of the candidates

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Posted: 20 Oct 2010 11:46 AM PDT

Help Line Desk – Admit Card Do you have any query about NOVEMBER 2010 examination The Help Line Desk will be functional from 18th October to 16th NOVEMBER 2010 for 24 hours on all days inclusive of holidays and Sundays t

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Posted: 20 Oct 2010 11:42 AM PDT

E-Filing for AY 10-11 Quick Statistics as on 15th October 2010 HIGHLIGHTS OF e-FILING SEASON AY 10-11 up to 15 10 2010 1 COMPARATIVE PROGRESS OF e-FILING OF RETURNS Form Type AY 2009 – 2010 and AY 2008-2009 AY 2010-201

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Posted: 20 Oct 2010 11:30 AM PDT

Visa a leading electronic payments technology firm today said it has received the RBI s approval to offer inbound cross-border remittance to eligible Visa Debit or prepaid cards issued in India The RBI permission makes Visa th

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Posted: 20 Oct 2010 11:27 AM PDT

Net direct tax collections during the period April-September 2010 stood at Rs 1 81 758 crore up from Rs 1 52 625 crore in the same period last fiscal registering a growth of 19 09 percent in H-1 against the Budgeted annual growth tar

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Posted: 20 Oct 2010 11:20 AM PDT

ATTENTION STUDENTS nbsp DISCONTINUATION OF ISSUE OF PASS CERTIFICATES nbsp TO FOUNDATION EXECUTIVE PROGRAMME PASS STUDENTS nbsp In accordance with the decision taken by the Council of the Institute recently it is brought

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Posted: 18 Oct 2010 04:05 AM PDT

The Income Tax department has collected documents pertaining to tenders and award of contracts for its two pronged probe into the finances of the Commonwealth Games even as a high-level committee headed by a former CAG go

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Posted: 19 Oct 2010 03:18 PM PDT

I am very happy to listen to the news pertaining to the approval of the cabinet to the Judicial Standards and Accountability Bill 2010 I believe that it becomes law very soon I know that it will not be easy to deal with the i

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Posted: 19 Oct 2010 12:10 AM PDT

Indraneel Sen Gupta nbsp WORLD EXPLOITATION OF RESOURCES When I was writing this article I gave a hard thought regarding the name of the topic For a moment I made up my mind that I will make the topic name exactly to the objecti

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Posted: 18 Oct 2010 06:52 AM PDT

Despite the effort made by the legislature to keep the recovery of debts by the Bank very simple and clear when the debt is secured there exist few complications in law dealing with the recovery of secured debt under SARFAESI A

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Posted: 20 Oct 2010 01:41 PM PDT

Notification No 90 2010-CUSTOMS N T nbsp New Delhi 16th October 2010 S O E In exercise of the powers conferred by sub-section 2 of section 14 of the Customs Act 1962 52 of 1962 the Board being satisfied t

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Posted: 20 Oct 2010 01:27 PM PDT

Section 80E of the Income-tax Act 1961- Deduction – In respect of interest on loan taken for higher education – Financial institution notified for purpose of section 80E 3 b Notification No 79 2010 F No 178 49 2008-ITA-I dated 13-

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Posted: 18 Oct 2010 07:26 PM PDT

Income Tax Calculation for Salary Statement Form 16 ITR-I 10E for Financial Year 2010-2011 and Assessment Year 2011-2012

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Posted: 18 Oct 2010 07:22 PM PDT

New Income Tax Calculation Salary Statement with form 10E for Financial Year 2010-2011 and Assessment Year 2011-2012

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Posted: 17 Oct 2010 07:39 PM PDT

New Auto Income Tax ITR-I SARAL-II 10E for Financial Year 2010-2011 Assessment Year 2011-2012 It is most easy to generate

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Posted: 17 Oct 2010 07:37 PM PDT

Easy Income Tax Calculation Sheet SARAL-II ITR-I Form-16 10E for Financial Year 2010-2011 AY 2011-2012

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Posted: 17 Oct 2010 07:34 PM PDT

New Auto Income Tax Salary Statement Calculation for Financial Year 2010-2011 Assessment Year 2011-2012

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Posted: 11 Oct 2010 02:29 AM PDT

The income tax department has booked at least nine educational institutions in Pune a booming educational hub for concealing income worth over Rs 435 crore nbsp The list of such educational institutions include top colleges

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Posted: 11 Oct 2010 02:17 AM PDT

The Federation of Indian Chambers of Commerce and Industry has asked the finance ministry to amend taxation rules for ESOPs Employee Stock Option Plans since such provisions lead to increased tax burden for employees In a letter

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Posted: 10 Oct 2010 03:51 AM PDT

Shikshan Prasarak Mandali the education institution which runs prominent colleges and school like S P College Nutan Marathi Vidyalaya has been stripped off the charitable institute status The 125 years old institute faced action

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Posted: 11 Oct 2010 12:24 AM PDT

Indraneel Sen GuptaIs yen the villain or the China Don t get surprised with the question This question is now the most debatable topic on the roads of Wall Street as well as in the Caf Coffee Day mid lunch session of brokers World

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Posted: 10 Oct 2010 08:18 PM PDT

CA Final New Course Revision Test paper RTP for November 2010- Strategic Financial Management FM

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Posted: 10 Oct 2010 08:18 PM PDT

CA Final New Course Revision Test paper RTP for November 2010- Financial Reporting FR

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Posted: 10 Oct 2010 08:16 PM PDT

CA Final New Course Revision Test paper RTP for November 2010- Advanced management Accounting MA

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Posted: 10 Oct 2010 08:15 PM PDT

CA Final New Course Revision Test paper RTP for November 2010- Advanced Auditing and professional Ethics Audit

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Posted: 10 Oct 2010 08:14 PM PDT

CA Final New Course Revision Test paper RTP for November 2010- Information Systems Control and Audit ISCA

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Posted: 10 Oct 2010 08:13 PM PDT

CA Final New Course Revision Test paper RTP for November 2010- Direct Tax Laws DT

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Posted: 10 Oct 2010 08:13 PM PDT

CA Final New Course Revision Test paper RTP for November 2010- Indirect Taxes IDT

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Posted: 10 Oct 2010 08:12 PM PDT

CA Final New Course Revision Test paper RTP for November 2010- Corporate and allied laws LAW

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Posted: 10 Oct 2010 08:02 PM PDT

CA Final Old Course Revision Test paper RTP for November 2010- Management Accounting and Financial Analysis MAFA

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Posted: 10 Oct 2010 08:02 PM PDT

CA Final Old Course Revision Test paper RTP for November 2010- Corporate law and Secretarial Practice LAW

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Posted: 10 Oct 2010 08:01 PM PDT

CA Final Old Course Revision Test paper RTP for November 2010- Management Information and Control System IT

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Posted: 10 Oct 2010 08:01 PM PDT

CA Final Old Course Revision Test paper RTP for November 2010- Indirect Taxes IDT

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Posted: 10 Oct 2010 08:00 PM PDT

CA Final Old Course Revision Test paper RTP for November 2010- Direct Taxes DT

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Posted: 10 Oct 2010 08:00 PM PDT

CA Final Old Course Revision Test paper RTP for November 2010- Cost management Costing

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Posted: 10 Oct 2010 07:59 PM PDT

CA Final Old Course Revision Test paper RTP for November 2010- Advanced Auditing Audit

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Posted: 10 Oct 2010 07:59 PM PDT

CA Final Old Course Revision Test paper RTP for November 2010- Advanced Accounting Accounts

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Posted: 07 Oct 2010 02:05 AM PDT

The fee charged by portfolio managers will soon be linked to the profits they have been able to make for their clients with capital market regulator Sebi asking portfolio management service PMS providers to follow a uniform fee s

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Posted: 07 Oct 2010 01:54 AM PDT

Paying stamp duty while purchasing or transferring a property is often a long-drawn process You need to go to the registrar s office and await your turn or seek a broker s help to get the job done with minimum fuss But there i

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Posted: 07 Oct 2010 01:53 AM PDT

A non-convertible debenture is a fixed income instrument where the issuer agrees to pay a fixed rate of interest to the investor The fixed-income instrument cannot be converted into equity of the issuing company and is very differe

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Posted: 07 Oct 2010 01:50 AM PDT

The country s largest insurer Life Insurance Corporation plans to approach sector regulator IRDA in the next 8-10 days to get approval for floating infrastructure bonds nbsp nbsp We are getting ready to approach IRDA for approv

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Posted: 07 Oct 2010 01:46 AM PDT

Delhi finally has its own excise Act nbsp After years of preparation the Delhi Excise Act 2009 came into effect from Monday The Act replaces the outdated Punjab Excise Act 1914 and is modelled after the Model Excise Act suggeste

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Posted: 07 Oct 2010 01:33 AM PDT

Fearing that the government may soon make a company promoter liable for mistakes even though they are not actively a part of the board s decision-making process India Inc has asked the ministry of corporate affairs to reconsider

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Posted: 07 Oct 2010 01:32 AM PDT

The Union ministry of corporate affairs is likely to approach the Supreme Court for permission to appoint a new central administrative head for offices of the registrar of companies RoC spread across the country nbsp The move com

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Posted: 07 Oct 2010 01:31 AM PDT

The finance ministry has assured the Employees Provident Fund Organisation or EPFO that the entire 9 5 interest on the accumulated corpus of account holders for the current fiscal will not be taxed ending speculation that the g

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Posted: 07 Oct 2010 01:30 AM PDT

The income Tax Department has demanded 570 crore from Mahindra Satyam earlier Satyam Computer Services for illegally claiming tax credit on fictitious income during the 2003-04 to 2008-09 period We have asked the company t

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Posted: 07 Oct 2010 01:29 AM PDT

Borrowers often find their home or auto loan applications rejected due to credit rating scores from the Credit Information Bureau of India or Cibil And sometimes even though they may not have defaulted it can be the outcome of a

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Posted: 06 Oct 2010 06:34 AM PDT

The proposed Direct Taxes Code DTC and the goods and services tax GST will likely be taught to commerce students in universities on the initiative of the Institute of Chartered Accountants of India ICAI nbsp The ICAI is in

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Posted: 06 Oct 2010 05:02 AM PDT

The Institute of Chartered Accountants of India ICAI the national standard setting body of auditors has proposed comprehensive changes to the current accounting practices in commercial banks to make bank audits foolproof and eff

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Posted: 06 Oct 2010 04:58 AM PDT

The ministry of corporate affairs MCA does not plan to push for an ordinance to ensure India meets the deadline on conforming to International Financial Reporting Standards IFRS reversing its earlier stance according to two of

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Posted: 06 Oct 2010 04:52 AM PDT

Within days of opening the registration exporters have applied for about 30 per cent of the cotton permitted for exports in the backdrop of high global prices Of the 55 lakh bales 170 kg each allowed for exports in the current seas

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Posted: 06 Oct 2010 04:51 AM PDT

In a bid to make 12th Five Year Plan 2012-17 more inclusive and effective the Plan panel today launched a web portal to get public feedback on the Approach Paper to 12th Plan nbsp nbsp Before unveiling any five year Plan the

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Posted: 06 Oct 2010 02:20 AM PDT

New Delhi nbsp The CBI has filed chargesheet against former member of Company Law Board R Vasudevan and five others for allegedly accepting a bribe of Rs seven lakh for giving a favourable order in a case being presided over by h

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Posted: 06 Oct 2010 02:19 AM PDT

The Union Cabinet today approved The Judicial Standards and Accountability Bill 2010 and its introduction in the Parliament nbsp The Bill provides a mechanism for enquiring into complaints against the Judges of the Supreme Co

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Posted: 06 Oct 2010 01:45 AM PDT

Last week Mahindra Satyam had disclosed several tax matters with respect to the company that it had acquired It has now moved the tax tribunal for grant of relief in one of the matters reports quoting Central Board of Direct Taxe

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Posted: 06 Oct 2010 01:41 AM PDT

A special CBI court sentenced former commissioner of central excise North East to four years rigorous imprisonment on charges of bribery and tax evasion nbsp The special CBI judge passed the sentence convicting former central exc

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Posted: 06 Oct 2010 01:34 AM PDT

Accounting regulator Institute of Chartered Accountants of India ICAI today said it is seeking power to take action against erring firms nbsp As per the Act the institute can take disciplinary action against our members bu

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Posted: 06 Oct 2010 01:24 AM PDT

Canara Bank invites applications from the eligible interested Individuals Firms Companies for empanelment as concurrent auditors for conducting concurren

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Posted: 06 Oct 2010 11:27 PM PDT

Dr Sanjiv Agarwal The new revised direct tax code DTC has been approved by the Union Cabinet and has been being placed as a Bill in the monsoon session of Parliament recently It is expected that the new tax regime shall usher int

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Posted: 12 Sep 2010 09:20 AM PDT

DIRECT TAXES CODE BILL 2010- A DISCUSSION ON INCOME TAX SETTLEMENT COMMISSION1 The Direct Code Bill 2010 is in public domain now after a long debate and discussion on the Draft DTC put on public domain in August 2009 The Chapter of

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Posted: 07 Oct 2010 01:41 AM PDT

Section 80-IA of the Income-tax Act 1961 – Deductions -Profits and gains from industrial infrastructure undertakings etc – Notified undertakings Notification No 73 2010 F No 178 97 2008-ITA 1 dated 22-9-2010 Whereas th

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Posted: 07 Oct 2010 01:39 AM PDT

Section 35 1 iii of the Income-tax Act 1961 Scientific research expenditure Approved social science or statistical research associations or institutions Notification No 74 2010 F No 203 6 2010 ITA-II dated 28-9-2010

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Posted: 02 Oct 2010 01:45 AM PDT

Adding a new twist to the 2G spectrum scam the Comptroller and Auditor General CAG has in its latest communication told the department of telecom DoT that a vast majority of the 126 licences controversially issued by the govern

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Posted: 02 Oct 2010 01:02 AM PDT

Mr Satodiya Extractor Purchased a box of very rare and expensive cigars then insured them against among other things fire Within a month having smoked his entire stockpile of these great cigars and without yet having even one m

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Posted: 02 Oct 2010 12:20 AM PDT

The Centre has rejected the alternative model of Goods and Services Tax GST suggested by the empowered panel of State Finance Ministers and a few BJP-ruled States which was suggested as a strategy to obviate the need for amendment t

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Posted: 02 Oct 2010 12:17 AM PDT

Dear All Water water everywhere and all the boards did shrink Water water everywhere Nor any drop to drink 18th century English poet S T Coleridge in the above lines has represented the current situation in some o

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Posted: 02 Oct 2010 12:09 AM PDT

The Institute of Chartered Accountants of India has entered into a into a mutual recognition agreement MRA with the Institute of Certified Public Accountants In Ireland CPA Ireland This agreement offers both bodies the opportunity

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Posted: 01 Oct 2010 11:50 PM PDT

New validation for quarterly e-TDS TCS statement pertaining to FY 2010-11 and onwards Amended file format and FVU version 3 0 amp 2 129 released October 01 2010 nbsp NSDL releases nbsp nbsp FVU version 3 0 which applicable for

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Posted: 01 Oct 2010 02:51 AM PDT

The Central Vigilance Commission disposed of 1298 cases during August 2010 referred to it for advice Of these 920 complaints were sent for necessary action ATR whereas 37 complaints were sent for investigation and report No actio

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Posted: 01 Oct 2010 02:50 AM PDT

1 nbsp nbsp nbsp nbsp nbsp Circular 2 of 2010 updating all instructions and clarifications relating to FDI Policy as on September 30 2010 is being released today nbsp This is as per the commitment made that this circula

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Posted: 01 Oct 2010 01:29 AM PDT

1 1 nbsp The Department of Industrial Policy and Promotion has decided to release Discussion Papers on various aspects related to FDI In the series of these Discussion Papers this is the fourth paper on the Issue of share

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Posted: 01 Oct 2010 01:19 AM PDT

The Finance Ministry has ruled out extension of income tax holiday beyond March 2011 for software technology park of India STPI units The tax breaks for STPI scheme has a sunset for March 31 2011 implying that the tax ho

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Posted: 01 Oct 2010 01:15 AM PDT

Merger procedures may soon become easier for India Inc The Government is planning to come up with an ordinance to do away with the process of sanction by the Competition Commission of India CCI for small-ticket mergers and ac

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Posted: 01 Oct 2010 01:02 AM PDT

New Delhi The Bar Council of India BCI a statutory body of advocates today decided not to permit foreign lawyers or their firms to practise in India but assured that a more detailed and rational scrutiny of the subject would be d

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Posted: 01 Oct 2010 12:52 AM PDT

The Supreme Court on Monday refused to offer any immediate relief to Vodafone which has challenged the Bombay High Court order allowing the government to tax the company s 11 billion deal with Hutch The tax department had rai

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Posted: 01 Oct 2010 12:49 AM PDT

1 1 nbsp nbsp nbsp nbsp nbsp nbsp The Department of Industrial Policy and Promotion has decided to release Discussion Papers on various aspects related to FDI In the series of these Discussion Papers this is the fifth pa

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Posted: 01 Oct 2010 12:34 AM PDT

Hinting at a major overhaul in the regulations for insurance sector IRDA said it will soon come out with merger and acquisition norms for the insurers and IPO guidelines are already on the way At the same time Insurance Regu

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Posted: 01 Oct 2010 12:31 AM PDT

When the first draft of the Direct Taxes Code DTC was released in August 2009 the provision dealing with Minimum Alternate Tax MAT was one of the most discussed and deliberated provision It proposed to levy tax on the gros

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Posted: 01 Oct 2010 12:18 AM PDT

The Finance Ministry is believed to have agreed to modify its notification for exempting from tax the entire 9 5 per cent interest on provident fund deposits for 2010-11 and will soon announce the good news for EPFO s six cro

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Posted: 30 Sep 2010 11:27 AM PDT

Allahabad HC rules by majority that disputed land in Ayodhya be divided into 3 parts say lawyers Land to be distributed among Waqf Board Nirmohi Akhara party for Ram Lalla say lawyers Status quo will be maintained at the disput

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Posted: 01 Oct 2010 10:04 AM PDT

CA Maneet Pal Pasrichawww capasricha com 09810774806 In fast growing economies like India china etc Global companies are looking forward to pioneer there products to have there share of pie While introducing products in new mark

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Posted: 01 Oct 2010 10:00 AM PDT

CA Maneet Pal Pasricha 9810774806 www capasricha comIn fast growing economies like India china etc Global companies are looking forward to pioneer there products to have there share of pie While introducing products in new markets

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Posted: 01 Oct 2010 09:46 AM PDT

CA Maneet Pal Pasricha9810774806www capasricha comTelecom industry in India is suffering from the tussle between the odds of two interpretations In recent time s payments for various types of technology-related transactions has been

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Posted: 02 Oct 2010 02:42 AM PDT

Provides Exemption to relief equipment imported by the Lille Fro Foundation and donated to the Ladakh Autonomous Hill Development Council subject to specified conditions CUSTOMS Notification No 100 2010 30-09-2010 nbsp New Delhi

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Posted: 02 Oct 2010 02:35 AM PDT

Amends Customs Tariff Determination of Origin of Goods under the Preferential Trade Agreement between the Governments of Member States of the Association of Southeast Asian Nations ASEAN and the Republic of India Rules 2009New

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Posted: 02 Oct 2010 01:14 AM PDT

TRADE CIRCULAR Date 27 09 2010 nbsp No VAT AMD-1009 IB ADM-06 Trade Cir 21T of 2010 nbsp Sub nbsp nbsp nbsp nbsp Mandatory Electronic payment under MVAT Act 2002 and CST Act 1956 for Quarterly Retur

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Posted: 01 Oct 2010 02:30 AM PDT

All Foreign Institutional Investors through their designated Custodians of Securities amp Stock Exchanges nbsp Dear Sir Madam Sub Compliance with circular dated April 15 2010 1 nbsp nbsp nbsp nbsp nbsp nbs

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Posted: 01 Oct 2010 02:21 AM PDT

G S R 782 E – In exercise of the powers conferred by sub-section 1 of section 5A of the Central Excise Act 1944 1 of 1944 the Central Government on being satisfied that it is necessary in the public interest so to do he

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Posted: 01 Oct 2010 02:15 AM PDT

G S R nbsp 783 E Whereas in the matter of import of Recordable Digital Versatile Disc DVD of all kinds hereinafter referred as the subject goods falling under heading 8523 nbsp of the First Schedule to the Customs Tarif

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Posted: 01 Oct 2010 02:10 AM PDT

S O nbsp nbsp nbsp nbsp nbsp nbsp E 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 Government of India in the Ministry of Fin

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