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Archive: 07 October 2014

Posts in 07 October 2014

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 7179 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

Direct Tax Collection during April-September 2014 increases by 15.00 percent

October 7, 2014 1001 Views 0 comment Print

Gross Direct Taxes Collections during April-September of the Current Financial Year 2014-15 is up by 15.00 percent and stood at Rs. 3,46,144 crore as against Rs. 3,01,063 crore Collected during the same Period Last Year

To claim Air Travel Expenses Babus need not submit Boarding Pass

October 7, 2014 5161 Views 0 comment Print

Difficulties have been expressed by various quarters in production of original boarding passes alongwith T.A. Claims from time to time. The matter has been considered and it has been decided with the approval of the competent authority that in order to simplify the procedure of settlement of T.A. Claims, the condition of submission of Boarding Pass alongwith settlement. T.A. claim is dispensed with.

WHERE ‘CARO’ HAS GONE? ( Will new NACAS bring it back?)

October 7, 2014 15595 Views 3 comments Print

Propriety or prudence is a term generally associated with expenditure from public money and audit of government departments and government companies. In the context of Companies, though provisions relating to propriety was absent in the Companies Act, 1956, Sections 227 (1A) and 227 (4A) inserted by the Companies Amendment Act, 1956 required the auditors to inquire into and report upon certain specific questions relating to propriety.

No Penalty in absence of mens rea

October 7, 2014 3725 Views 0 comment Print

The Hon’ble Tribunal in absence of any discussion with regard to mala fide intention and mens rea set aside the OIO to the extent it related to imposition of penalty under Section 78 of the Finance Act.

In October Heat – Exponential Rise in Rate of Interest of Service Tax

October 7, 2014 9016 Views 0 comment Print

Krishna, October month’s heat has started. In this by increasing rate of interest of service tax from 1st October 2014 the department has increased heat of taxpayers. However from 1st October 2014 rate of interest has been increased by the department. Depending upon the period of delay rate of interest has been increased.

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