"January, 2015" Archive - Page 30

PPT on Goods and Services Tax (GST) in India

GST is a tax on goods and services with comprehensive and continuous chain of setoff benefits from the Producer’s point and Service provider’s point up to the retailer level....

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RBI relaxes charge creation norms for External Commercial Borrowings

Subsequent to amending the FEM ( Transfer or Issue of any Foreign Security) Regulations, 2000 with respect to the charge creation norms vide notification No. FEMA.322/RB-2014 dated October 14, 2014[1] effective from 3rd December, 2014, the Reserve Bank of India ( RBI) on 1st January, 2015...

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Notification No. 02/2015-Customs Dated- 6th of January, 2015

Notification No. 02/2015-Customs (06/01/2015)

the importer produces evidence to the satisfaction of the Assistant Commissioner of Customs or Deputy Commissioner of Customs, as the case may be, that such goods have, in fact, been locally produced in Bangladesh and are imported into India through the land route from Balat, Kalaichar or Srinagar (Tripura) land customs station for sale i...

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Format of Independent Auditors Report under Companies Act 2013

We have given below Format of the Independent Auditor’s Report on Standalone Financial Statements under the Companies Act, 2013 As Applicable from Financial Year 2014-15....

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Govt. notifies 19 projects of various entities for relief U/s. 35AC

Notification No. 48/2015 - Income Tax (06/01/2015)

Notification No. 48/2015 - Income Tax In exercise of the powers conferred by sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income Tax Act, 1961 (43 of 1961), the Central Government, on the recommendation of the National Committee for Promotion of Social and Economic Welfare, hereby notifies the institutio...

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Registration u/a 12AA cannot be canceled due to receipts exceeding threshold limit of section 2(15)

SAE India Vs DIT(E) (ITAT Chennai)

Hon'ble Chennai ITAT has in the case of SAE India v/s DIT(E) has held that if the objects and activities of the trust are genuine than registration cannot be cancelled merely because receipts are exceeding threshold limit as provided under second proviso to section 2(15) of the Act. ...

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3 Commonly asked questions by an investor

1. Is it the right time to invest? Right time varies for each investor. There are two categories of investor mainly: A. Who are in need for fund and start investing to earn high return (Risk averse). B. Who have surplus fund and start investing the surplus fund lying with them (Risk taker). ...

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CA Articles – Inevitable Classes & Unmanageable timings; Professionalism for a toss?

Dear all, quite some number of us have known, been through and have faced the brunt of managing between our Articleship and the respective Classes during our time in CA Finals. Maybe some of us are still facing the brunt of the same in some way or the other…....

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General Anti Avoidance Rules – Applicability & Brief Provisions

Tax Evasion and avoidance is a main problem in every country. Taxpayer can choose any tax efficient method but that method should not for the purpose to obtain tax benefit. General Anti Avoidance Rules (hereinafter referred to as GAAR) has been introduced by Government to overcome from these problems. GAAR provisions aims at reducing or p...

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HRA Exemption on maintenance Charges Paid Separately?

I am paying a house rent for Rs 14,000/- per month and additional Rs. 1,200/- towards maintenance for which receipt is being given to me every month. Will I get House Rent Allowance (HRA) exemption on Rs. 14,000/- or Rs 15,200/-. Please clarify....

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