"07 July 2014" Archive

India Ranks First in the AEGON Retirement Readiness Survey 2014

July 7, Mumbai: AEGON Religare Life Insurance (ARLI), today, released the India report on the AEGON Retirement Readiness Survey 2014 – Changing Face of Retirement. In the 15-country online survey that was carried out jointly by ARLI’s parent company – AEGON and Cicero Consulting, India participated for the very first time an...

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Posted Under: Finance |

I-T Department started sending e-mail / SMS requesting to update Contact Details

CA Sandeep Kanoi Income Tax Department has started sending emails to those users who have registered Email address with it and whose email address or Mobile Number is associated with more than 10 Income Tax Accounts.  Department has requested all such Taxpayers to Update their Email and Mobile Number on Income Tax E-Filing Website.  Wit...

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Online Enrollment of Auditor (Existing Panel) Extended upto 10th July 2014

Maharashtra Co-operative Auditors (existing Panel) – Profile Updation has been extended till 10th July, 2014. Also the following clarification has been updated; please visit for further information http://mahasahakar.maharashtra.gov.in Clarifications: Online Auditor Enrolment • Online Auditor Enrolment activity is extended up to Thurs...

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Posted Under: Finance |

Detailed Analysis- Gifts Taxation under Income Tax Act, 1961

Taxability of Gift under Income Tax Act, 1961 As per Income Tax Act, receiver (donee) of gift is charged to taxation u/s 56(2)(vii). The donor of gift is not charged to taxation under this section. However, the below cases is analyzed from the taxation as applicable to donor ( Capital Gain taxability) and donee ( […]...

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Affect Of Removal of Cost Audit In Various Industries

Till date we are asking for our rights but now the time has come to let the world know that what this profession of COST ACCOUNTING and COST AUDIT has been doing for the Indian economy. The time has come to raise the values and the benefits the COST AUDIT and COST ACCOUNTING profession provides […]...

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Posted Under: Finance |

How to prepare for Theory Subjects

Time may change, technology may change, methodology of teaching and training and many other aspects of CA curriculum may change but as far as human brain is concerned, it follows some basic fundamental principles for remembering and recalling the things that has been learnt by an individual. As per my observations, I noticed some terrible...

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