| Posted: 17 Jul 2013 07:08 PM PDT When I checked with a business man about "How is your business" he replied, 'we are working for TNVAT, CST, Excise duty, Service Tax, ESI, EPF, Professional Tax, TDS, Advance tax, Minimum Alternate Tax, Assessment, Tax Audits, Statutory Audits etc, in addition to when we find time we do business'. |
| Posted: 17 Jul 2013 06:57 PM PDT CS Mohit Saluja A few days ago, ICSI sent a mail to all the member of ICSI regarding giving the inputs to be included in the check list of various forms while pre-certification of E-Forms by the Practicing Professionals and the difficulties faced while pre-certification of forms by the Practicing... |
| Posted: 17 Jul 2013 06:40 PM PDT Discount under ESOP is in the nature of employees cost and is hence deductible during the vesting period w.r.t. the market price of shares at the time of grant of options to the employees. The amount of discount claimed as deduction during the vesting period is required to be reversed in relation... |
| Posted: 17 Jul 2013 12:27 PM PDT A perusal of the provisions of section 80IA(4) of the Act shows that in the explanation 'infrastructure facility' has been specified to mean a road including a toll road, a bridge or a rail system. Admittedly, the assessee is doing the business of development of railway tracks and bridges thereof... |
| Posted: 17 Jul 2013 12:10 PM PDT Shrutika Kohli A systematic process which enables an organization to operate in a manner that meets with the business, legal and ethical expectations. It is a internal system encompassing policies, processes and people which serves the needs of all stakeholders by structuring, operating, directing... |
| Posted: 16 Jul 2013 11:34 PM PDT There is no contract between the assessee and the transporter and the section 194C is applicable to work contract. The learned CIT(A) has found that in the instant case the clearing and forwarding contractor appoints for transportation of goods, and hence the only responsibility of the assessee was... |
| Posted: 16 Jul 2013 12:50 PM PDT I am directed to refer to the above mentioned subject and to say that in Office Orders No. 138/2013 dated 18.06.2013 relating to postings/transfers in the grade of Commissioner during AGT-2013, it has been clearly mentioned that no representation whatsoever shall be entertained before the officer... |
| Posted: 16 Jul 2013 12:25 PM PDT If the Goods Receipt Number (GR) is not available in advance, Form T-2 would need to be filed without Goods Receipt Number. However, the GR Number would need to be updated within 24 hours of receipt of the goods by the Delhi dealer. In such cases the Delhi dealer shall not dispose of/sell/dispatch... |
| Posted: 16 Jul 2013 11:40 AM PDT e Payment Module - Process flow: 1. Dealer logs in on the Department's website https://www.dvat.gov.in 2. Dealer clicks on e-payment option available on the website 3. Dealer selects the type of tax (VAT/CST) for which the payments have to be made 4. Dealer fills details in Challan – Tax... |
| Posted: 16 Jul 2013 11:40 AM PDT The Government vide notification no. F.3(4)/Fin.(Rev.-I)/201 3-1 4/DSVI/51 9 dated 09.07.2013 has notified revised forms DVAT-16 and DVAT-17. A number of queries are pouring in from various professionals and Trade Associations regarding the quarter from which these forms will be applicable, since... |
| Posted: 16 Jul 2013 11:35 AM PDT Process flow for offline e-Payment 1. Dealer logs in on the Department's website http://www.dvat.gov.in 2. Dealer clicks on e-payment option available on the website 3. Dealer selects the type of tax (VAT/CST) for which the payments have to be made 4. Dealer fills details in Challan – Tax... |
| Posted: 15 Jul 2013 09:02 PM PDT Please refer to the instructions contained in our circular no. DPSS.CO.CHD.No. 1622/04.07.05/2012-13 dated March 18, 2013 wherein the timeline for withdrawal of residual non-CTS-2010 standard cheques was extended up to July 31, 2013 subject to a review in June 2013. Banks were also advised to... |
SME Sector Requires CAs support
