• May
  • 25
  • 2015

‘Trading Plans’ – Exemption provision under SEBI (Prohibition of Insider Trading) Regulations, 2015

Added In SEBI
S 12A (d) of the SEBI Act, 1992(`ACT’) prohibits insider trading securities in the securities market. S 15 G of the Act lays down penalty to be paid by a person who is engaged in insider trading. R 5 (1) of the SEBI ( Prohibition of Insider Trading ) Regulations,2015 (`REGULATIONS’) defines an ` Insider’ […]

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  • May
  • 25
  • 2015

CPE hours requirement for 2014-16

Added In CA CS ICWA
Continuing Professional Education (CPE) hours requirement for 2014-16 Kindly note the following requirements w.r.t. completion of CPE hours for the period 1st January 2014 to 31st March 2016. A. Members, less than 60 years of age, holding Certificate of Practice except the ones who are residing abroad need to: Complete at least 90 CPE hours […]

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  • May
  • 24
  • 2015

Excel Utility to know capital, currency, language and continent of Your Country

Added In Finance
Please find details of the countries w.r.t their capital, currency, language and the continent in which they are falling. This excel sheet has been developed using advanced excel feature which enables it to predict words as happens in case of google search or other advanced search engines.

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  • May
  • 23
  • 2015

3 steps to becoming a Super Hero at Decision Making!

Added In CA CS ICWA
. Trust your inner voice (your guts) This might sound cliché and you might give me an Oh Come On! Expression, but I request you to pause for a second, delve into your past, and experience the decision making process you undertook. Was it pure logic? Was it based on data? Was it influenced by relationship or the rapport with the person? What was it dude?

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  • May
  • 23
  • 2015

Reopening U/s 147 – `Incessant Trip to Litigation’

Added In Income Tax
Section 147 is clothed with a predominant and potential ascendancy of reopening the assessments framed under the statutory charter of Income Tax Act, 1961 accompanied by getting the assessments already framed into the clutch of the Department by making specific dominant references to the expressions `assess’, `reassess’ or `recompute’, all expressions of widest amplitude and magnitude.

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  • May
  • 23
  • 2015

Circular/Notification/Order Passed Under Companies Act- 2013

Added In Company Law
Circular/Notification/Order Passed Under Companies Act- 2013               S. NO. Date of Circular Title of Circular/Notification/Rule/Order Section / Rule Gist Of Circular CIRCULAR 1. June 10, 2014 Non Requirement of PAN by foreign director or subscriber – A Foreign National who shall be a subscriber/promoter, and does not possess PAN […]

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  • May
  • 23
  • 2015

Analysing Judgement of Hon’ble Bombay HC holding meal vouchers as ‘Goods’ & Implications

Added In GST
Recently the Hon’ble High Court of Bombay have pronounced an order which is a land mark judgment for Indian E-commerce Industry specifically and including Coupon / voucher sub-industry considering the vacuum of judicial pronouncements on this aspect. The matter relates to CWP No. 5653 of 2010 & 7503 of 2013 decided on 20th March, 2015 […]

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  • May
  • 23
  • 2015

Loan to Director – Section 185

Added In Company Law
TO ANY OTHER PERSON IN WHOM DIRECTOR INTERESTED MEAN : i.Any other director of the lending company, or of the holding company of the lending company ii. Any partner or relative of such director iii. Any private company of which director is a director or member iv. Body Corporate in which 25% or more voting power rests with one or more directors

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  • May
  • 23
  • 2015

Receipts on account of identification & core site selection from available 2D & 3D seismic data shall be taxed U/s. 44BB

Added In Income Tax
The assessee received revenue on account of the contract entered into with ONGC for providing services of seismic survey to the data correction supervision for the purpose of hydrocarbon reservoir exploitation, possible leak point identification and core site selection from available 2D and 3D seismic data, core acquisition with USBL System, sample processing, prevention and transportation, laboratories analysis and interpretation and report.

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  • May
  • 23
  • 2015

Salient Features Of Black Money Bill

Added In Income Tax
My Earlier article regarding this issue was Ways to Convert Black Money to White, which was basically to throw light on the wrong means adopted by people and it was not meant to encourage taxpayers to follow such methods but which was misunderstood by many. I trust that a tax planning should be done in such a way that it can stand the test of legal battle of course subject to debates.

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