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Archive: July, 2014

Posts in July, 2014

Common Proficiency Test (CPT) June 2014 Exam Result likely on 16th July, 2014 – ICAI

July 12, 2014 18076 Views 0 comment Print

Result of the Common Proficiency Test (CPT) held in June, 2014 is likely to be declared on Wednesday, the 16th July, 2014.  The result of the Common Proficiency Test (CPT) held in June, 2014 is likely to be declared on Wednesday, the 16th July, 2014 around 4.00 P.M. and the same as well as the […]

Fiscal Deficit & Cost Audit Report Negligence

July 12, 2014 3344 Views 0 comment Print

Well India has presented its Budget and billions of analysis has been already executed. Well I find that this budget would be finding a hard place to land due to the recent COST AUDIT & COSTING METHODS abolishment.  Now my readers my say that extrapolating and trying to mix cost audit in everything I write. […]

Budget 2014 – Impact analysis for Indirect Taxes

July 12, 2014 5544 Views 0 comment Print

Entry 2B: For safe disposal of medical and clinical wastes, services provided by common bio- medical waste treatment facilities exempted. Entry 7: Exemption withdrawn to services by way of technical testing or analysis of newly developed drugs, including vaccines and herbal remedies on human participants by a clinical research organization approved to conduct clinical trials by the Drug Controller General of India.

Analysis of Company Law Circulars of MCA From 01st April 2014 to Till Date

July 12, 2014 8991 Views 0 comment Print

1. General Circular No. 27/2014- dated June 30, 2014. (DPT-4) -Extension of 2 month upto 31-08-2014 without any additional fee for filling statement under form DPT-4 with the Registrar in terms of Section-403. (Form- DPT-4 is relating to Deposits). (Article relating to DPT-4 filling is already issued by me)

One Person Company Under New Companies Act,2013

July 12, 2014 131058 Views 10 comments Print

The introduction of OPC in the legal system is a move that would encourage corporatization of micro businesses and entrepreneurship with a simpler legal regime so that the small entrepreneur is not compelled to devote considerable time, energy and resources on complex legal compliances.

Budget 2014- Major Highlights In Central Excise And Service Tax

July 12, 2014 2750 Views 0 comment Print

– An additional duty of excise is being levied at the rate of 5% ad valorem on waters, including aerated waters, containing added sugar falling under chapter heading 2202 10 i.e. aerated waters [2202 10 10], lemonade [2202 10 20] and other [2202 10 90].

Service Tax Proposals – Budget 2014-15

July 12, 2014 10302 Views 1 comment Print

Broadening the exemption for advertisement industry-(1) Service tax leviable currently on sale of space or time for advertisements in broadcast media, namely radio or television, has been extended to cover such sales on other segments like online and mobile advertising. Sale of space for advertisements in print media, however, would remain excluded from service tax.

Norms framed in budget 2014 to curtail fiscal deficit, is it a challenging task for the government???

July 12, 2014 1665 Views 0 comment Print

Everyone has closely opened their eyes for budget which has announced by our Hon’ble Finance Minister Mr.Arun Jaitley for the F.Y. 2014-15. After hike in railway & oil prices people had not lose there hopes for ‘AACHE DIN’ & budget has also moved towards it to the extent.

Budget 2014- Analysis of Income Tax Provisions – Start of Good Time

July 12, 2014 10932 Views 0 comment Print

To Remove Tax Arbitrage Long-term Capital Gains on debt oriented Mutual Fund and its qualification as Short-term capital asset – Section 2(42A) Amended Unlisted security and a unit of a mutual fund (other than an equity oriented mutual fund) shall be a short-term capital asset if it is held for not more than 36 months. Accordingly rate of tax on long term capital gains increased from 10 percent to 20 percent on transfer of units of Mutual Funds, other than equity oriented funds. Corresponding Amendment also made in Section 112 of the Act

Budget 14- Permission to dispose of Plant and Machinery Supplied to UN Projects

July 12, 2014 2202 Views 0 comment Print

CA Pradeep Jain , Ranu Dhoot Burdened with extraordinary expectations after a campaign that promised “good days are coming,” Prime Minister Narendra Modi’s center-right government presented the most hyped budget on Thursday aimed at increasing investment, improving infrastructure and reviving manufacturing, though it fell short of the drastic overhauls necessary to rein in spending. The […]

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