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Archive: 24 April 2014

Posts in 24 April 2014

DGCA allows in-flight use of mobiles, laptops on flight mode

April 24, 2014 1357 Views 0 comment Print

Prior to the change, the regulations clearly barred the use of cellphones during all phases of a flight. Passengers were only allowed to switch the phones on after the plane had landed and taxied off the active runway

Sadguru Construction Co. Vs. Union of India (Gujrat High Court)

April 24, 2014 2994 Views 0 comment Print

Petitioners have challenged an order dated 31.12.2013 passed by the Deputy Commissioner of Service Tax, Rajkot as a designated authority under the Service Tax Voluntary Compliance Encouragement Scheme

Key Effects Of New Companies Act, 2013

April 24, 2014 95058 Views 0 comment Print

Anil Kumar Popli, FCS I would like to discuss some of the major changes which have major impact on corporate workings and corporate should be aware and take necessary action at the earliest and make policy with respect to restructuring of Board of Directors, acceptance of deposits, allotment of shares, alteration of objects and Memorandum/Articles […]

Financial mistakes young investors should avoid

April 24, 2014 1806 Views 0 comment Print

There has been a paradigm shift in financial outlook of taxpayers of young generation these days. Youngsters start earning early these days, have higher disposable income, are more informed, yet they fail to make informed decisions about there tax planning. In our practice of 10 years, we discovered a common characteristic among the young people […]

Section 140: Removal, resignation of Auditor and giving of Special notice

April 24, 2014 26090 Views 0 comment Print

1. Removal of Auditor appointed u/s 139 – before expiry of his term       Reasonable opportunity of being heard is to be provided to the concerned auditor Previous approval of the CG is required as per manner prescribed Special Resolution should be passed approving the above removal

Nil Excise Duty Still Taxable

April 24, 2014 21654 Views 0 comment Print

It is commonly known that levy of excise duty arises on manufacture and the duty is collected on removal of goods from the factory. However, all manufacturing process does not attract levy of excise duty unless some basic conditions are met.

Special Economic Zones-Notifications/Exemptions Withdrawn

April 24, 2014 3536 Views 0 comment Print

Amendments by Finance Act, 2011 to withdraw exemption from MAT & Dividend Distribution Tax to SEZ developers/units are not unconstitutional. In the impugned amendment it is made clear that it is prospective in nature. Therefore the impugned amendments can neither be said unreasonable or arbitrary.

No Section 54F exemption on Property Purchased in married daughters name

April 24, 2014 4207 Views 0 comment Print

Language of the Section 54F and 54B is very clear that it relates to unmarried daughters. Here the undisputed fact is that the property is purchased in the name of married daughters. When the Legislature thought it fit to specify the words ‘unmarried daughters’, the Court cannot substitute the words.

Types of stock market charts: A Complete Guide

April 24, 2014 10008 Views 3 comments Print

Technical analysts study historical stock and index price trends to predict stock movements and trends. A stock or index chart like any other graph has two-axis – X and Y – plotted for price and time. Each chart has a specific function and what chart you use, depends on the information you are seeking. There […]

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