"25 February 2014" Archive

Sec. 54EC on Depreciable Assets & One Crore Exemption

Assessee can claim exemption under section 54EC on transfer of depreciable assets held for more than thirty-six months by investing in bonds notified for the purpose of Section 54EC. Further the assessee can claim exemption upto Rs. 1,00,00,000/- by investing the gain in the bonds notified under section 54EC if he invests Rs. 50,00,000/- ...

Posted Under: Income Tax |

WIRC of ICAI elects Office Bearers

The following Regional Council Members have been unanimously elected as Office Bearers of Western India Regional Council of ICAI, for the year 2014-2015. CA. Anil Bhandari, Mumbai – Chairman CA. Julfesh Shah, Nagpur – Vice-Chairman CA. Shruti Shah, Mumbai – Secretary...

Posted Under: Income Tax |

ICAI to Release 2014 Guidance Note on Audit of Banks

COMING SOON NEW PUBLICATION FROM THE AUDITING & ASSURANCE STANDARDS BOARD 2014 GUIDANCE NOTE ON AUDIT OF BANKS The Auditing and Assurance Standards Board of ICAI will soon bring out the 2014 edition of the Guidance Note on Audit of Banks. The 2014 edition has been thoroughly revised and revamped to reflect inter alia the […]...

Posted Under: Income Tax |

Revised List of Products eligible for VKGUY, MLFS & FPS Scheme wef 25.02.2014

Public Notice No. 52/2009-2014 (RE- 2013) 25/02/2014

DGFT has issued revised lists of Products wef 25th February 2014 under Focus Product Scheme (FPS), Market Linked Focus Products (MLFP) and List Of Export Items Allowed Under Vishesh Krishi And Gram Udyog Yojana (VKGUY). ...

Reg. Plan to monitor cases where export obligation period and time prescribed for furnishing evidence of fulfilling of EO are over

F.No.609/156/2013-DBK 25/02/2014

Board has decided to strengthen the monitoring and make it uniform so that timely initiation of action to safeguard revenue can be invariably ensured as well as progress effectively tracked. Accordingly...

Illegal Lifts in Building – An Analysis

LIFTS  INSTALLATIONS  IN  SOCIETIES: 01.   Self-Sensitising, towards requirement of Lift-Elevator. a) Till about 20 years ago, most residential buildings in Mumbai, were upto Ground plus 3 or 4 storied buildings, wherein LIFT (Elevator) was not installed, since at that time it was not considered necessary and people preferred to clim...

Posted Under: Income Tax |

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