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Archive: 30 January 2014

Posts in 30 January 2014

Vote for 'TaxGuru' for the BlogAdda awards

January 30, 2014 2709 Views 0 comment Print

Dear All, Our blog/Website www.taxguru.in is one of the shortlisted blog for the BlogAdda Blog Awards! We want the TAXGURU community to like, tweet, comment in favour of  your favourite blog www.taxguru.in Please ‘Like & Tweet’ to encourage and increase our blog’s chance of winning! The public voting line for the Awards have been opened […]

What are Circuit Filter/Circuit Breaker?

January 30, 2014 13914 Views 0 comment Print

Circuit Filter/Circuit Breaker is the band that set upper and lower limit within which stock / Sensex can fluctuate on any particular day. These filters restrict extreme price movement and curb price manipulation to some extent by stock operators. Circuit Filter also protects investors from extreme price fluctuation.

RBI releases Framework for Revitalising Distressed Assets in the Economy

January 30, 2014 718 Views 0 comment Print

The Reserve Bank of India today released on its website the Framework for Revitalising Distressed Assets in the Economy. The Framework outlines a corrective action plan that will incentivise early identification of problem cases, timely restructuring of accounts which are considered to be viable, and taking prompt steps by banks for recovery or sale of […]

FAQ for dealers requesting for CST Forms

January 30, 2014 2935 Views 0 comment Print

FAQ for dealers requesting for CST Forms in Maharashtra 1. Where do I get the New Template of SOR? Answer- To download the new SOR template, please visit http://www.mahavat.gov.in/Select: ‘Downloads’ And Click on ‘Forms’. On the ‘Electronic Forms’ page, click on the New SOR Template. 2. May I require separate log in ID for availing […]

Draft ICAI Code of Professional Ethics- 2014

January 30, 2014 3075 Views 0 comment Print

As you are kindly aware, Ethical Standards Board of ICAI is constantly engaged in formulation of ethical standards for the members. But equally so, it has always endeared to reach out to members with new methods and strategies to ensure not only that members are well aware about the latest updates on ethics, but also […]

Time to be excluded in computing period of limitation for completion of assessments and reassessments

January 30, 2014 3094 Views 0 comment Print

Discover the impact of recent amendments to Section 153 of the Income-tax Act, excluding specific periods for assessment and reassessment. Stay informed on the computation of limitation periods, especially in cases involving audits or exchange of information. Effective from 1st June 2013. Consult tax experts for personalized guidance.

Time limit for completion of assessment or reassessment where reference is made to Transfer Pricing Officer

January 30, 2014 13952 Views 0 comment Print

1 Sections 153 and 153B of the Income-tax Act, inter alia, provide the time limit for completion of assessment and reassessment of income by the Assessing Officer. Time limits have been provided for completion of assessment or reassessment under sections 143(3), 147, 153A, 153C etc. of the Income-tax Act. These time limits get extended if […]

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