• Feb
  • 01
  • 2015

All about Kisan Vikas Patra and its Taxation

Added In Income Tax
CA Sandeep Kanoi Kisan Vikas Patra is a saving certificate which was first launched in 1988. Kisan Vikas Patra was a very Popular Investment Scheme amongst the investor which was discontinued wef 30.11.2011 on recommendation of Shayamla Gopinath committee considering the misuse of the scheme vide government Notification [F.No. 1/10/2011-NS-II], dated 25-11-2011 and decision for […]

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  • Feb
  • 01
  • 2015

DVAT- Resolve mismatch in Annexures 2A and 2B

Added In GST
The time-limit for revising the returns under the DVAT Act for the financial year 2013-14 Is 31st March’2015 after the amendment in the DVAT Act in 2012 wherein the period prescribed for revising the return under DVAT Act is within financial year following the end of the financial year of tax period to which the original return relates i.e one year from the end of the financial year to which the return relates.

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  • Jan
  • 31
  • 2015

Quick Guide to Improve Your English Grammar – Part 2

Added In CA CS ICWA
Continuing with my earlier article Improve Your English Grammar – Quick Guide – Part 1, in this article I have tried to capture some more words used interchangeably by a lot of people, but in the wrong context, albeit inadvertently.

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  • Jan
  • 31
  • 2015

Improve Your English Grammar – Quick Guide – Part 1

Added In CA CS ICWA
English speaking or writing is a terrorized and fearful thought, especially for a lot of students and young chartered accountants. English, as lot of us believe is our weak forte and we all struggle to find it difficult to communicate in this language. The prime reason for this fear is because English is not our […]

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  • Jan
  • 31
  • 2015

Investment In Fixed Deposits– Income Tax Deduction For Aam Aadmi

Added In Income Tax
Where an Individual or HUF has deposited or paid any amount as Fixed Deposit in any Scheduled Bank for a term not less than 5 Years in any previous year subject to Scheme framed by Central Government in this behalf then such Individual or HUF is eligible to claim deduction to the extent of Rs. 1,00, 000 (Rs1,50,000 from AY 2015-16 onwards) under section 80C for assessment year relevant to the previous year .

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  • Jan
  • 31
  • 2015

Section 14A disallowance Under Income Tax Act, 1961

Added In Income Tax
 CA Ram Bajaj Introduction 1. Section 14A was first inserted by the Finance Act, 2001. However, same was inserted with retrospective effect from 1-4-1962. The inserted section reads as under:— ’14A. Expenditure incurred in relation to income not includible in total income.—For the purposes of computing the total income under this Chapter, no deduction shall […]

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  • Jan
  • 31
  • 2015

Empanelment of CA Firms for Concurrent Audit of Bank of Baroda for FY 2015-16

Added In CA CS ICWA
Guideline for  Application for empanelment for Concurrent Audit with Bank of Baroda for Finacial Year 2015-16 No columns of application are to be kept blank. Incomplete applications and / or applications not in format may be rejected without any further reference. Since large number of applications is received for limited number of vacancies, no communication […]

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  • Jan
  • 31
  • 2015

RBI Notification on Entry of Banks into Insurance Business

Added In RBI / FEMA
With the objective of increasing insurance penetration using the entire network of bank branches, the Finance Minister in the budget speech 2013-14 announced that banks will be permitted to act as insurance brokers. Consequent to the announcement, IRDA formulated and notified the IRDA (Licensing of Banks as Insurance Brokers) Regulations, 2013 to enable banks to take up the business of insurance broking departmentally.

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  • Jan
  • 31
  • 2015

A Study on Financial Derivatives

Added In Finance
Niraj Thapa This time I am with the new topic “Financial Derivatives”, the discussion on the said topic has been presented in power point (which is attached in this article). In the article instances have been incorporated from various international books and papers and I have acknowledged the names of writers/books wherever required, so the […]

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  • Jan
  • 31
  • 2015

Policies and Codes to be framed by Companies

Added In Company Law
The Companies incorporated under the Indian Company Law are required to frame different Policies/ maintain systems/ plans and devise Codes of/ for the Company/ Board of Directors and Senior Management Personnel/ Directors and Employees etc. pursuant to the provisions of the Companies Act, 2013 and other corporate laws.

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