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Archive: 14 August 2014

Posts in 14 August 2014

Does DTAA Overrides Service Tax in India?

August 14, 2014 3639 Views 0 comment Print

 Import of Service The Import of Service means that the Service which is being provided by a Service Provider who is located in Non-Taxable territory and the service recipient is located in taxable territory. In such circumstances, the Service Receiver is liable to pay service tax as per Sr. No. 10 of Notification 30/2012-ST dated […]

Asset Side of Balance Sheet cannot be isolated from Liability side

August 14, 2014 2305 Views 0 comment Print

The assessee is engaged in agricultural and allied activity. This company is one of the group companies constituted by Shri B.Ramalinga Raju and his family members. During the course of scrutiny proceedings, the Assessing Officer called for the books of account of the assessee

Incorporation of Company Limited By Shares- Companies Act, 2013

August 14, 2014 16562 Views 0 comment Print

CS Divesh Goyal Moving from the Companies Act 1956 to the Companies Act 2013 is like shifting from your old house to a new one. In the old house, where you have stayed for years, everything would have found its own place – the shoes, the clothes, umbrella, first aid, brooms, and whatever else you need in your household. […]

New procedure for DIN application & reasons for rejection

August 14, 2014 91932 Views 13 comments Print

Every individual, who is to be appointed as director of a company shall make an application electronically in Form No. DIR-3, to the Central Government for the allotment of a Director Identification Number (DIN) along with such fees as provided in the Companies (Registration Offices and Fees) Rules, 2014.

CBDT Order No. 127/2014 Appointing IRS Officers As Joint CsIT

August 14, 2014 1004 Views 0 comment Print

ORDER NO. 127 OF 2014 The president is pleased to appoint the following officers of India Revenue Service (Income Tax) to the grade of Joint Commissioner of Income Tax purely on Ad-hoc basis in the P8-3 Rs. 15,600-39,100 with GP Rs.7,6001- with effect from assumption of charge for a period not exceeding one year.

'Acche din' in sight for affordable housing- will this turbo change the Indian Economy?

August 14, 2014 1151 Views 0 comment Print

In his maiden Union Budget, Finance Minister Arun Jaitley announced a number of positive measures for the real estate sector, be it easing the foreign direct investment (FDI) norms, clarity on taxation of real estate investment trusts (REIT) and boosting urban as well as rural housing.

CA IPC May /June 2014 result on 21st August, 2014

August 14, 2014 1999 Views 0 comment Print

The result of the Chartered Accountants Intermediate (IPC) Examination held in May/June, 2014 are likely to be declared on Thursday, the 21st August, 2014 around 4.00 P.M. and the same as well as the merit list (candidates securing a minimum of 55% and above marks and upto the maximum of 50th Rank on all India basis will be available on the following website:

MCA revises monetary limit for special resolution for transactions with Related Parties

August 14, 2014 8609 Views 0 comment Print

1. (1) These rules may be called the Companies (Meetings of Board and its Powers) Second Amendment Rules, 2014.

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