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CA, CS, CMA - Phishing comes from the word FISHING which essentially means to trap someone into a fake identity by using either fake website, links or via spearing etc. This is one of the major areas which need awareness and at the same time it is really crucial for all FORENSIC ACCOUNTANTS to understand the concept who go for any kind of financial inv...
Read MoreFinance - A letter of credit is a letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. In the event that the buyer is unable to make payment on the purchase, the bank will be required to cover the full or remaining amount of the purchase. ...
Read MoreCustom Duty - It has been noticed that the customs department was insisting to furnish the Bank Guarantee from 100% EOU units by virtue of circular no. 48/2017 Customs dated 8th Dec 2017. However, Foreign Trade Policy 2015-20 provides reverse view as below. “Unit will not be required to furnish bank guarantee at the time of import or […]...
Read MoreGoods and Services Tax - In earlier regime of Indirect Taxes, Rakhis were called Raksha Sutra or Kalava (like sacred Hindu threads Moli) and its HSN code or local VAT Code was given accordingly. After GST, shopkeepers were clueless about the code that should be on rachis....
Read MoreIncome Tax - Register and Track your PAN Card Related Complain online and Track Status - Income Tax Department has started a website namely Sparsh India to help Assessee to Register their complain related to PAN Card applied through NSDL or UTIISL and they can also check the status of their grievance online. Nature of Complain may be any of the fo...
Read MoreCA, CS, CMA - The objective of Ind AS 115 is to establish the principles that an entity shall apply to report useful information to users of financial statements about the nature, amount, timing and uncertainty of revenue and cash flows arising from a contract with a customer. The core principle of Ind AS 115 is that an entity recognises revenue to dep...
Read MoreCA, CS, CMA - Keeping in view the significance and volume of non-exchange transactions in Government sector, the Exposure Draft of ASLB 23 is being issued which provide guidance on recognition & measurement principles and disclosure requirements in respect of revenue arising from non-exchange transactions in Local Bodies....
Read MoreCA, CS, CMA - A leading Consultancy firm from Mumbai have Vacancy for Chartered Accountants (For the Post of Managers) with 1 to 5 Year experience in Indirect Tax i.e. Service Tax, Excise and VAT and should also be Conversant with upcoming GST laws....
Read MoreCA, CS, CMA - Application for Empanelment of Concurrent Auditors with Oriental Bank of Commerce for Corporate Account based in Ludhiana Public Notice Oriental Bank of Commerce Circle Office, Ludhiana 3rd d Floor, 2439/1-2, Dhanraj Complex, Near PAU Gate No. 1 Ferozepur Road, Ludhiana-141001 Appointment of Concurrent Auditor for Corporate Account based ...
Read MoreCA, CS, CMA - The members whose professional addresses are falling within the cities/towns shown in the List of proposed Polling Booths would be eligible to vote by poll at the polling centre shown in the List. ...
Read MoreIn re M/s. Aditya Birla Retail Ltd. (GST AAAR Maharashtra) - In re M/s. Aditya Birla Retail Ltd. (GST AAAR Maharashtra) Appellate authority held that the use or words ‘VALUE’,‘CHOICE’ or ‘SUPERIOR’ on the proposed packing, without altering the surrounding environment to take advantage of brand ‘MORE’, would be construed as ‘brand name’ for...
Read MoreIn re M/s. CMS Info Systems Ltd. (GST AAAR Maharashtra) - In re M/s. CMS Info Systems Ltd. (GST AAAR Maharashtra) The Appellate Authority held that, as the law now stands, Input Tax Credit is not available to CMS Info Systems Limited on purchase of motor vehicles i.e. cash carry vans, which are purchased and used for cash management business and supplied p...
Read MoreIn re Global Reach Education Services Pvt Ltd (GST AAAR West Bengal) - This Appeal has been by filed M/s Global Reach Education Services Private Limited, holding GSTIN 19AAGCG0859E1ZK (hereinafter referred to as the Appellant), on 16.04.2018 against the Ruling dated 21.03.2018 pronounced by the West Bengal Authority for Advance Ruling....
Read MoreIn re Switching Avo Electro Power Limited (GST AAAR West Bengal) - In re Switching Avo Electro Power Limited (GST AAAR West Bengal) Whether UPS with battery is a composite supply? There is no denying of the fact that an in-built battery of static converter (UPS) is part and parcel of the uninterrupted power supply system and is covered under Tariff Head 8504 and in...
Read MoreIn re Sika India Private Limited (GST AAAR West Bengal) - `SIKA Block Joining Mortar' is non-refractory and that it is not used for preparation of surfaces. Considering the nature, use and commercial identity of the item in question and, notwithstanding the Appellant's earlier voluntary declaration about the classification of the item, we are not inclined ...
Read MoreOrder no. 3/2018-Central Tax - (16/08/2018) - Subject: Constitution of Standing Committee under sub-rule (4) of rule 97 of Central Goods and Services Tax Rules, 2017 -reg. In excise of the powers conferred by sub-rule (4) of rule 97 of Central Goods and Services Tax Rules, 2017 read with Section 168 of Central Goods and Services Tax Act, 2017 t...
Read MoreNO. 26 OF 2018 - (17/08/2018) - Ministry of Law and Justice notifies Insolvency and Bankruptcy Code (Second Amendment) Act, 2018 vide notification No. 26 of 2018 dated 17th August, 2018....
Read MoreCircular No. 6/2018 - (17/08/2018) - Representations have been received by the Board that the implementation of reporting requirements under the proposed clause 30C (pertaining to General Anti-Avoidance Rules (GAAR)) and proposed clause 44 (pertaining to Goods and Services Tax (GST) compliance) of the Form No. 3CD may be deferred....
Read MoreNotification No. F.No.370142/10/2018-TPL - (17/08/2018) - Section 197 of the Income-tax Act, 1961 („the Act‟) contains provisions enabling the Assessing Officer („AO‟) to give the assessee a certificate for deduction of income-tax at any lower rates or no deduction of income-tax, if he is satisfied, upon an application made by the assessee in this ...
Read MoreNotification No. S.O. 3960(E) - (10/08/2018) - S.O. 3960(E).—In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, Madhya Pradesh Real Estate Regulatory Authority, a body constituted by Government of Madhya Pradesh, ...
Read MoreCPC for electronic tax returns in Bangalore and CPC (Vaishali in Ghaziabad) for tax deducted at source (TDS) are working as the right hands of Government for detecting cases o...
Read MoreTax Planning is most important part of Finance Planning for Tax Payers In India especially for Individual and Salaried tax Payers. In this Article we are discussing some Tax P...
Read MoreBeing a separate tax entity an HUF enjoys certain tax benefits along side the individual also claming it which I am going to explain this article....
Read MoreDeductions are the exemptions on the amount taxable as per Income Tax Act. They are the Investments made by the persons for them, their Family & their parents. Article exp...
Read MoreIn this article I have discussed provisions regarding exemption from House Rent Allowance - As per Section 10 (13A) and rule 2A exemption in respect of house rent allowance ...
Read MoreIn case the House Rent Allowance (H.R.A.) is provided then there will be a tax savings (Please refer Valuation sheet for details). The above mentioned savings is mainly becaus...
Read MoreSimple Automatic GST Late Fees Calculator in Excel Format for easy calculation of Late Fees Payable for late filing of Form GSTR 3B which calculates late fees under both CGS...
Read MoreThis Calculator calculates House Rent Allowance which is exempt from tax U/s. 10(13) of The Income Tax Act, 1961. The calculator is in excel format and it calculates the allow...
Read MoreIn order to file your income tax return you first need to collect all the information required to file it. The next important step is to compute your total taxable income. Aft...
Read MoreTax Deducted at Source (TDS) is one of the modes of collecting income tax in India at the very source of income, governed under Indian Income Tax Act of 1961. ...
Read MoreTDS & Tax Provisions for F.Y.2018-19 TDS stands for tax deducted at source. As per the Income Tax Act, any company or person making a payment is required to deduct tax at ...
Read MoreArticle discusses Income Tax Penalties for Failure to deduct TDS / TCS in full and part, Quoting false TAN in challan/ statements, Failure to apply for TAN, Failure to furnis...
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