• Nov
  • 24
  • 2014

4 Things that destroy your LinkedIn profile

Added In Finance
It is really sad to find that so many people use LinkedIn but they don’t understand what it is all about. When you are going to create your profile on a website like LinkedIn your approach must be very professional, serious, to the point and decent. We are here for some benefit, professional benefit.

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  • Nov
  • 24
  • 2014

Find here how we kill entrepreneurship in India

Added In Finance
Shaifaly Girdharwal You will agree with if you ever tried to start a venture in India. When I go to conferences and take part in discussion people say Indians are not that innovative, creative and daring to build something like Google, Facebook, LinkedIn, freelancer, okay I see we get the technical knowledge late so people […]

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  • Nov
  • 24
  • 2014

Kisan Vikas Patra- Is it a tool to convert Black Money into White?

Added In Income Tax
Krishna, recently the Government has reintroduced the investment scheme of Kisan Vikas Patra. There are many questions regarding this scheme but answer to the most important question is unascertainable. The earlier scheme of Kisan Vikas Patra was closed due to increasing black money from the scheme then why it is reintroduced?

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  • Nov
  • 22
  • 2014

Why we should fear a failure but not to dis-respect it

Added In Finance
Shaifaly Girdharwal I know you are ambitious and you want to achieve exceptional things in life in a short time span. Ambition is desire to achieve something faster than the people of same calibre and position. These ambitions make us a believer in positive things. We love to read success stories as they motivate us. […]

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  • Nov
  • 22
  • 2014

4 signs that you will start a venture which will fail

Added In Finance
Shaifaly Girdharwal 1) You are passionate about it Never make your passion your profession.I know you are surprised but yes, if you are a hard core passionate person and you love what you do, No, doubt you are very good at it. Your Job may be a little more from the core of your profile […]

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  • Nov
  • 22
  • 2014

Installation & Commissioning Expenses not covered under definition of FTS u/s 9 of Income Tax Act, 1961

Added In Income Tax
The issue is no longer res integra as it has been held by Hon’ble ITAT Mumbai in case of Bennet Coleman & Co. Ltd. Vs ITO(TDS) [ITA No. 7315/Mum/2008] pronounced on 12-11-2014 wherein the assesse (Times of India) has entered into an agreement with M/s FERAG AG for supply of heavy plant and machinery along […]

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  • Nov
  • 22
  • 2014

Loophole in section 139 of Companies act, 2013

Added In Income Tax
The legislature in their wisdom decided to plug loopholes of the erstwhile Companies Act, 1956 by inclusion of various new provisions to prevent frauds in the Companies Act, 2013 which were not a part of the erstwhile Companies Act. The noble intention behind bringing new preventive provisions is to bring more transparency in day to […]

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  • Nov
  • 22
  • 2014

Duty Drawback cannot be denied when goods to be re-exported were brought in Customs area within stipulated time

Added In Custom Duty
Duty Drawback cannot be denied when goods to be re-exported were brought in the Customs area within stipulated time even if Let Export Order is issued later Oil And Natural Gas Corporation Ltd Vs. Commissioner Of Customs (Export Promotion), Mumbai [2014-TIOL-2235-CESTAT-MUM] Oil And Natural Gas Corporation Ltd.(the Appellant) filed shipping bills for re-export of various […]

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  • Nov
  • 22
  • 2014

SAD Refund cannot be denied on sales made to non registered buyer despite no endorsement on invoice

Added In Custom Duty
SAD Refund cannot be denied when no endorsement to the effect that ‘No Cenvat credit of SAD is admissible’ is made on an invoice issued to the non-registered buyer as no credit is available to the buyer on account of non-registration Vijay Steel Industries Vs. Commissioner of Customs (EP), Mumbai [2014-TIOL-2240-CESTAT-Mum] Vijay Steel Industries (the […]

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  • Nov
  • 21
  • 2014

External Commercial Borrowings (ECB) Policy – Parking of ECB proceeds

Added In RBI / FEMA
With a view to providing greater flexibility to the ECB borrowers in structuring draw down of ECB proceeds and utilisation of the same for permitted end uses, it has been decided to permit AD Category -I banks to allow eligible ECB borrowers to park ECB proceeds (both under the automatic and approval routes) in term deposits with AD Category- I banks in India for a maximum period of six months pending utilisation for permitted end uses.

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