Follow Us:

Archive: August, 2014

Posts in August, 2014

CPC (TDS) reminds to raise Flag "B" in TDS Quarterly Statements against 15G/H Forms

August 14, 2014 4262 Views 0 comment Print

As you may be aware that the depositors submit form 15G/H to the bank for no deduction of tax to be made on the interest payments made to them. However , it has been observed in your case that you have not raised Flag ‘B'(No deduction on account of 15G/H) even against a single transaction […]

Assessee cannot legally collect TCS from buyers who furnishes section 206C(1A) declaration

August 14, 2014 3102 Views 0 comment Print

Assessee cannot be treated as assessee in default for not collecting TCS from such buyers from whom the assessee received declaration as per provisions of section 206C(1A) of the Act.

TDS credit cannot be denied for non matching with 26AS if Assessee produces TDS Certificate

August 14, 2014 9427 Views 0 comment Print

The grievance which is voiced in the present petition by the assessee is that though deductor ­employer ­ Amar Remedies Limited had deducted TDS for total Rs.5,86,606/­ and for which Form 16 A has been issued by it, department has not given credit of the said TDS to the petitioner­ assessee

Does DTAA Overrides Service Tax in India?

August 14, 2014 3966 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 2710 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 17168 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 93423 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 1397 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 1871 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 2230 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:

Search Post by Date
July 2026
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031