Most buildings in Mumbai City & Suburbs are over 40 years old. Some of these buildings are ILLEGAL & UNAUTHORISED, more so since neither the local civic body (BMC) has the buildings Sanctioned Plans and neither the building residents (Society) have the Approved Plans of their buildings.
Key Highlights of Schedule II of the Companies Act, 2013: Useful Life: Unlike the Companies Act, 1956, Useful life of the asset on the basis of Shift has been prescribed in place of rates of depreciation in the part C Schedule II of the companies Act 2013 as a base for computing depreciation. Now the […]
It is well settled law that levy of tax is one thing and collection thereof is quite different thing. Once the levy is attracted, the collection of tax may be at any different point/stage or event. For example, in case of central excise duty, the levy is on the ‘manufacture or production of goods’ while the collection of duty is postponed till the time of removal of excisable goods.
CS Divesh Goyal SPECIALLY FOR FIRST BOARD MEETING OF PRIVATE COMPANIES As per New Company Law, gap between two board meetings can’t exceed 120 Days. If last board meeting of company was held on 31st March 2014 then next board meeting can be held upto 28th July, 2014 (April 30 days + May 31 Days […]
The Assessing Officer made two additions. Firstly, benefit under Section 54F of the Act was denied and capital gains of Rs.51,71, 994/- was brought to tax. The second addition made by the Assessing Officer of Rs.19,75,410/-
Before I get into the cost management details I would like to give short introduction to the company operating in Australia. Toyota Motor Corporation Australia Ltd (TMCA) is a fully-owned subsidiary of Toyota Japan. The Australian operations commenced in 1959 with the import of the LandCruiser, and in 1963 a passenger car assembly plant, which initially produced the Tiara, was opened at Port Melbourne, in Victoria, Australia.
I am honored to be elected as the President of the Institute for the year 2014-15 to serve this great profession with the support of all of you. I am grateful to my council colleagues for showing confidence and faith in me. I thank all of you for your trust, and shall strive to live up to your expectations.
There is no dispute about the right of our lawmakers (here the CBDT) to draft these formats and ask the information which in their opinion is required for the task in hand but the timing of introduction of these changes is not only crucial and sudden but irritating also.
Earlier there was dispute on duty liability and classification of Polyester Staple Fiber (PSF) and Polyester Filament Yarn (PFY) manufactured from plastic waste or scrap or plastic waste including waste polyethylene terephthalate (PET) bottles.
In the case of the assessee, summons issued by the Assessing Officer to the shareholder companies were duly served upon them and the shareholder companies responded to the Assessing Officer by affirming the investment made
