"31 May 2014" Archive

ICAI create mechanisam to receive feeback from candidates who appears in CA exams

Feedback – Observations of the candidates on the question papers of CA examinations-May 2014. – (01-06-2014) 31st May 2014 It has been decided to introduce a mechanism to obtain the feedback of the candidates who appear in the CA examinations, on the question papers in CA examinations, with effect from May 2014 examinations....

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Posted Under: CA, CS, CMA |

VCES Scheme – Pendency of Audit as on 01.03.2013 – One more ground to deny relief

Recent Issue under Service Tax-Amnesty Scheme 2013- Whether it can be said that Audit was pending as on 01.03.13, if Audit Para was not determined and/ liability was also not quantified till 01.03.13...

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Posted Under: CA, CS, CMA |

E filing not enabled and Burden of Interest u/s 234 B

In the Income Tax Website e filing is enabled for ITR – 1, ITR – 2, & ITR – 4S only and for all other categories it is yet to be done.If an assessee has failed to pay 90% of Income Tax payable as Advance Tax within the due dates and if he prefers to file the return now by paying the tax due as Self Assessment Tax...

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Section 54F – Allotment date not relevant if Assessee made substantial payment for acquisition of new Flat

ITO Vs Saroja S. Mekal (ITAT Mumbai)

Moot point arising in the instant case, not addressed by the first appellate authority, i.e., as what constitutes a ‘purchase’ for the purposes of section 54F or, for that matter, the other para materia provisions....

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S. 40(a)(ia) amendment vide Finance Act 2010 allowing TDS payment till return due date is retrospective

CIT Vs Rajinder Kumar (Delhi High Court)

Section 43B deals with statutory dues and stipulates that the year in which the payment is made the same would be allowed as a deduction even if the assessee is following the mercantile system of accountancy. ...

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No Disallowance for non deduction of TDS if recipient of income paid tax on the same

Rajeev Kumar Agarwal Vs Additional Commissioner of Income Tax (ITAT Agra)

Reliance in this regard can be placed on the decision of Hon’ble Tribunal (Agra) in case of Rajeev Kumar Agarwal vs CIT (ITA No. 337/Agra/2013) pronounced on 29th May 2013 wherein the AO disallowed interest payments made without deducting TDS under Section 194A of the Act. ...

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Important charts under Companies Act 2013

We have uploaded on our website following charts under Companies Act, 2013 compiled by Mr.PC Agrawal.  Link to download the same are as follows Exemptions – Privileges Available To Private Companies Matters which require ordinary resolutions under Companies Act 2013 Matters which require special resolutions under Companies Act 2013...

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Posted Under: CA, CS, CMA |

ICAI Hosts Admit Cards for CPT June-2014 Examination

Admit cards in respect of all candidates admitted to the Common Proficiency Test (CPT) June 2014 examination, with their photographs and signatures on them, are hosted on www.icai.nic.in. Candidates may print their admit cards from the said website. For downloading/printing of the admit cards, candidates will have to enter the following d...

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Posted Under: CA, CS, CMA |