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Archive: 17 July 2014

Posts in 17 July 2014

Highlights & Clause Analysis of Budget 2014 on Direct & Indirect Taxes

July 17, 2014 8240 Views 0 comment Print

Click here for Highlights of UNION BUDGET – 2014 Click here for Clause by Clause Analysis on DIRECT TAX Click here for Clause by Clause Analysis on CUSTOM Non-Tariff

Download Income tax Calculator for Financial year 1997-98 to 2014-15

July 17, 2014 34772 Views 6 comments Print

CA Srikant Agarwal We are uploading here Excel file containing Income Tax calculator as modified by Finance Bill 2014 presented on 10TH July 2014. The above Income Tax calculator contains the rate of tax for last 18 financial year (i.e Financial year 1997-98 to 2014-15) and income tax calculator for last 9 years (i.e Financial […]

Two Flat Merged into one eligible for Exemption U/s. 54 – Bombay HC

July 17, 2014 2692 Views 0 comment Print

Assessee alongwith his wife jointly owned bungalow. The bungalow was sold at Rs.3/­ crores. With this sum, they bought three flats, one in the Assessee’s name, another in the name of Assessee and his wife and third in the name of the wife.

Pass Percentage & Toppers of CPT June 2014 Exams

July 17, 2014 17191 Views 0 comment Print

The top three rank holders of Common Proficiency Test held on June 22,2014 are from Guntur , Bhopal, Nagpur , Vijaywada & Bhilwara and their details along with the marks secured by them are mentioned at Annexure -A (Download). The result details of the CPT examination in terms of pass percentage are mentioned at Annexure-B (Given Below).

Time Table of CA Final / IPCE November 2014 Exams

July 17, 2014 15651 Views 0 comment Print

ICAI has announced the Date Sheet/ Time Table for CA Final & CA IPCC for upcoming November 2014 Exams and the CA Final Exam would be beginning from 7th November and ending on 21st November 2014 and the CA IPCC Exam would be beginning from 8th November and ending on 20th November 2014.  Related ICAI  Notification is as follows :- 

Rate of exchange of conversion of each of foreign currency WEF 18th July, 2014

July 17, 2014 391 Views 0 comment Print

S.O.1684 (E), dated the 3rd July, 2014, except as respects things done or omitted to be done before such supersession, the Central Board of Excise and Customs hereby determines that the rate of exchange of conversion of each of the foreign currency specified in column (2) of each of Schedule I and Schedule II annexed hereto into Indian currency or vice versa shall

RBI releases Draft Guidelines for Licensing of Payments Banks and Small Banks

July 17, 2014 685 Views 0 comment Print

The Reserve Bank of India released on its website today, the Draft Guidelines for “Licensing of Payments Banks” and Draft Guidelines for “Licensing of Small Banks”. The Reserve Bank has sought views/comments on the draft guidelines from all interested parties and general public. Suggestions and comments on the draft guidelines may be sent by August […]

Budget 14- Cancellation of registration of the trust or institution in certain cases

July 17, 2014 4760 Views 0 comment Print

The existing provisions of section 12AA of the Act provide that the registration once granted to a trust or institution shall remain in force till it is cancelled by the Commissioner. The Commissioner can cancel the registration under two circumstances: (a)     the activities of a trust or institution are not genuine, or; (b)     the activities […]

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