Learn about the changes in E-Filing of ITR for A.Y. 2009-10 and the new functionalities on the DIT e-Filing portal.
The government gave in-principle approval to DLF on Tuesday to withdraw four of its IT, ITES special economic zones, which the realty major did not want to build in the face of slowdown in the real estate business. However, the board of approval in the commerce ministry asked the DLF to return all the tax […]
The government is mulling levy of small cess on natural gas to fund construction of national gas highway network even as it plans to extend LPG reach to rural areas and launch smart cards for kerosene. Petroleum minister Murli Deora discussed the idea of levy of $0.20 per million British thermal unit as cess on […]
Provided that the benefit of this notification shall not be admissible unless the unit claiming the benefit of this notification pays an amount equivalent to the cenvat credit attributable to inputs and input services used in, or in relation to the manufacture of said goods:
Circular No. 890/10/2009-CX For the purposes of uniformity with respect to classification of ‘coconut oil’ packed in small containers and levy of excise duty, to issue the following instructions. Same issue was examined in the year 1995 but subsequently the Central Excise Tariff was amended w.e.f. 28.2.2005 and therefore, the issue has been re-examined.
The Institute of Chartered Accountants of India (ICAI) is a statutory body established by the Chartered Accountants Act, 1949 (Act No. XXXVIII of 1949) for regulation of the profession of Chartered Accountants in India. During its six decades of existence, ICAI has achieved recognition as a premier accounting body not only in the country but also globally, for its contribution in the fields of education, professional development, maintenance of high accounting, auditing, ethical standards. ICAI now is the second largest accounting body in the world.
ICAI given the proposal of for Nomination of Chartered Accountants u/s 14A and 14AA of the Central Excise Act, 1944 for special audit. Copy of letter written by ICAI President CA. UTTAM PRAKASH AGARWAL to The Chairman, Central Board of Excise & Customs is as follows:- No.1-CA(Rep Com) /2009, Dated: 2nd June, 2009 The Chairman, Central Board of Excise […]
Ministry of Corporate Affairs vide Notification G.S.R. 257(E) dated 17-04-09 has made the Companies (Central Government’s) General Rules and Forms (Second Amendment) Rules, 2009 and thereby revised the following forms: Form 19 – Declaration of compliance with the provisions of section 149(i)(a), (b) and (c) of the Companies Act,1956.
The contention of the assessee regarding allowability of foreseeable loss is accepted in principle, However, the issue is restored to the file of AO for the purpose of quantification and calculation of the said loss in terms of Accounting Standard -7, as the same has not been done.
The cost of the land shall be determined in accordance with the guidelines appended to the Annual Statement of Rates prepared under the provisions of the Bombay Stamp (Determination of True Market Value of Property) Rules, 1995, as applicable on the 1st January of the year in which the agreement to sell the property is registered.
