How to File Income Tax Return without using any software Posted: 06 Jun 2013 08:24 PM PDT How to File Income Tax Returns without using any softwares: After incorporating the new fecilities on income tax e-filing poratl, one can file his/her income tax returns directly on the department website without using any software. Steps to file Income Tax Returns without using softwares. 1. Log...  |
| Cost Inflation Index for Financial Year 2013-14 (As per Sources) Posted: 06 Jun 2013 08:12 PM PDT We have received information from our sources that cost inflation index for the Financial Year 2013-14 is been finalised and a notification in respect of the same is expected in a day or two. As per our sources cost Cost Inflation Index for Financial Year 2013-14 is 939. We will host the offcial...  |
| Avoiding Arrests in Service Tax Posted: 06 Jun 2013 07:58 PM PDT Finance Act, 2013 has inserted new penal provisions in Service Tax which make certain defaults or offences as cognizable and certain others non-cognizable and bailable. The offences are punishable with monetary fine as well as imprisonment which may be extended upto a period of seven years.  |
| Main features, Benefits & Advantages of Real Estate Bill, 2013 Posted: 06 Jun 2013 07:45 PM PDT Real Estate Bill to Protect the Interest of the Consumers and Promote Fair Play in Real Estate Transactions The Real Estate (Regulation and Development) Bill, 2013, approved by the Union Cabinet yesterday is a pioneering initiative to protect the interest of consumers, to promote fair play in real...  |
| All about Income Tax Settlement Commission Posted: 06 Jun 2013 07:41 PM PDT CA Tarannum Khatri Tax Settlement Commission, a quasi judicial body, was set up under section 245B of Income-tax Act 1961. It has been set up as a result of recommendations made by Direct Taxes Enquiry Committee (Popularly known as Wanchoo Committee). The objective of setting up of this...  |
| CMA President Communique for June, 2013 Posted: 06 Jun 2013 07:35 PM PDT You may never know what results come of your action, but if you do nothing, there will be no result. -Mahatma Gandhi Dear Professional Colleagues, In today's competitive environment, every Organisation is concerned about developing the potential of its people than ever before. It is healthy...  |
| Article on Specified Domestic Transactions (Transfer Pricing) Posted: 06 Jun 2013 07:31 PM PDT The Transfer Pricing provisions has been introduced in india in the year 2001. Since then it has come a long way. Now, the Finance Act' 2012 has extended the scope of Transfer Pricing provisions to certain specified domestic transactions and introduced section-92BA in order to bring in certain...  |
| ICAI to release Guidance Note on Tax Audit on 1st July, 2013 Posted: 06 Jun 2013 07:16 PM PDT Guidance Note on Tax Audit After the introduction of provision for tax audit, the Institute has been bringing out a Guidance Note on Tax Audit to help the members in discharging their responsibilities. The ICAI has approved the revised edition of Guidance Note on Tax Audit, which includes...  |
| Practice outside India to be reckoned for fellowship Posted: 06 Jun 2013 07:15 PM PDT 1. Practice outside India to be reckoned for fellowship As per the Scheme of Chartered Accountants Act, 1949 [Section 5(3)], a member is granted fellowship if he has been in continuous practice for five years within India. Recognising the fact that members of the ICAI have also been practising...  |
| Rate of exchange of conversion of each of foreign currency e.e.f. June 07, 2013 Posted: 06 Jun 2013 07:03 PM PDT Notification No. 59/2013-Customs (N.T.) , DATED THE 6th June, 2013 S.O. (E). – In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Government of India in the Ministry of Finance (Department of Revenue)...  |
| Rate of exchange of conversion of each of the foreign currency with effect from June 06, 2013 Posted: 06 Jun 2013 07:00 PM PDT Notification No. 58/2013-Customs (N.T.), Dated the 5th June, 2013 S.O… (E). – In excise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs hereby makes the following further amendments in the Notification of the Government...  |
| Clarification on SEBI's Circular providing for the "Manner of Dealing with Audit Reports filed by Listed Companies" Posted: 06 Jun 2013 06:57 PM PDT EBI has, vide circular dated August 13, 2012 providing for the "Manner of Dealing with Audit Reports filed by Listed companies", mandated listed companies to submit either Form A (Unqualified/ Matter of Emphasis Report) or Form B (Qualified/ Subject  |
| Understanding of the Carbon Credits Posted: 06 Jun 2013 06:50 PM PDT One challenge facing the human race is that of GLOBAL WARMING. Global warming is the rise in the average temperature of Earth's atmosphere and oceans. Carbon credits and carbon markets are a component of national and international attempts to mitigate the growth in concentrations of...  |
| Regarding export of goods imported against payment in freely convertible currency where export proceeds can be realized in rupees Posted: 06 Jun 2013 06:44 PM PDT An enabling provision has been made to allow export of goods imported against payment in freely convertible currency where export proceeds will be realized in rupees. This dispensation will be applicable to such countries as would be notified by DGFT from time to time. They also have to achieve 15%...  |
| No disallowance of Input Tax Credit for merely not charging VAT seperately in invoice Posted: 06 Jun 2013 06:30 PM PDT Punjab VAT Tribunal in The 21st Century Builders and Engineers vs State of Punjab VSTI 2013 17 C-388 has held that input tax credit cannot be disallowed merely on the technical ground that VAT has not been charged separately in VAT invoice, when tax charged on such VAT invoice is duly deposited by...  |
| Direct entry into Intermediate (Integrated Professional Competence) Course Posted: 06 Jun 2013 06:17 PM PDT It was earlier decided by ICAI to exempt Graduates/Post Graduates with specified percentage of marks and Intermediate level Examination passed students of The Cost Accountants of India and The Institute of Company Secretaries of India from passing the Common Proficiency Test (CPT). Due to different...  |
| Applicability of Pronouncements/Legislative Amendments/Circulars etc. for November, 2013 IPC &: Final Exams Posted: 06 Jun 2013 12:21 PM PDT Applicability of Pronouncements/Legislative Amendments/Circulars etc. for November, 2013 Intermediate (IPC) Examination Applicability of Pronouncements/Legislative Amendments/Circulars etc. for November, 2013 Final Examination.  |
