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Archive: 11 October 2013

Posts in 11 October 2013

TDS on Salaries for Financial Year 2013-14

October 11, 2013 237 Views 0 comment Print

The provisions of the Income Tax Act, 1961 relating to Tax Deduction at Source from Salaries are of immense importance in the context of present scenario when TDS collections account for almost 39% of total collection of Direct Taxes. The Income Tax Act, 1961 provides for penalties for defaults in respect of deduction of tax […]

Form 15CA WEF 01.10.2013 – Practical Problems

October 11, 2013 19357 Views 0 comment Print

Revised Form 15CA is as applicable from 01.10.2013 is Available only for the Payments related to A.Y. 2012-13 and 2013-14. So what if Assessee has to make the payment for current Assessment year i.e. 2014-15?

FAQs on admit cards-November 2013 CA exams

October 11, 2013 1584 Views 0 comment Print

1.    How do I get my admit card?Admit cards for November 2013 exam are hosted on http://www.icai.nic.in. Candidates may print their admit cards from the website. Physical admit cards for November 2013 examination are also sent by post, as an additional service to the examinees.

Delhi VAT-Guideline to ensure faster Processing of refund claims

October 11, 2013 3327 Views 0 comment Print

1. Details of sales made against C/H/I/E1/E2/J forms will be submitted quarter wise and details of sales made against F forms will be submitted month wise by the dealers in the online Refund Claim Form through their login.

Assessing Risks for Investment Decisions

October 11, 2013 1349 Views 0 comment Print

Stock markets are once again buoyant, more so after the historic price fall in bullion a fortnight back. Investments, however, continue to be a major risk prone activity, whatsoever invested in and one therefore, needs to invest only after assessing his or her risk appetite.

Duty Drawback Scheme- Audit Observation and Action Taken

October 11, 2013 8853 Views 0 comment Print

Instruction No. F.No. 603/01/2011-DBK The Audit Report highlighted aspects on the compliance side which Internal Audit did not notice. A better performance by Internal Audit would have enabled remedial actions to be taken earlier. Board directs that Commissioners should appropriately strengthen their Internal Audit wings to achieve desired diligence levels and a significantly improved performance in areas such as payment of re-export drawback, cases of manual processing of drawback and the determination/fixation of brand rates.

Exaggerated concern for Human rights of convicts is at the cost of Interest of the Society: SC

October 11, 2013 1647 Views 0 comment Print

Interests of society at large are being repeatedly sacrificed for the exaggerated, if not misplaced concern for what is fashionably termed as ‘human rights’ of convicts.

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