"January, 2015" Archive - Page 30

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…....

Read More
Posted Under: CA, CS, CMA |

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...

Read More
Posted Under: CA, CS, CMA |

Renting of Motor Cars – VAT Vs. ST

Whether the above activity of providing motor cars to the customers under different business models attract service tax or VAT is a matter of debate since long but in order to understand the governing provisions of the statute which determines its taxability we shall understand the relevant provisions in the Service tax law and the Sales ...

Read More
Posted Under: CA, CS, CMA |

Delay in Sanction & Disbursal of Bank Loan a reason for failure of Majority of Projects

The author has first hand knowledge and experience that a large majority of projects fail, firstly, due to inexcusable delay in sanction of working capital and secondly, due to inexcusable delay in disbursement of working capital by the idle bureaucracy in the Banks. ...

Read More
Posted Under: CA, CS, CMA |

Repo Rate and Stock Market

Interest is nothing more than the cost someone pays for the use of someone else's money. Homeowners, credit cards users etc know about this scenario very well. They borrow money from bank and in return they pay interest to bank for using the privilege. ...

Read More
Posted Under: CA, CS, CMA |

Govt. assures Public Sector Banks, FIS & Insurance Companies of Non-Interference

Government Assures the Public Sector Banks (PSBs), Financial Institutions (FIS) and Insurance Companies of Freedom of Non-Interference in Matters of Commercial Decisions, Transfers, and Postings etc. The Department of Financial Services, Ministry of Finance issued a circular yesterday to the Chief Executive Officers (CEOs) of all Public S...

Read More
Posted Under: CA, CS, CMA |

CBDT-Request for Exchange of Information from field offices of time barring assessment cases

F.No.500/56/2014 (06/01/2015)

The undersigned is directed to state that large number of requests for Exchange of Information (EOI) in time barring assessments/ matters are received in FT&TR Division just before the time barring date. It becomes difficult to process and forward such requests after due scrutiny to the Foreign Competent Authority in time. Further, in man...

Read More

Growth in Manufacturing Sector Still Patchy : FM

FM: Infrastructure Sectors Such as Coal, Power and Cement have been Recording Double Digit Growth in the Last Few Months While Growth in Manufacturing Sector is Still Patchy; Reviving Manufacturing is One of the Major Challenges of our Economic Management The Union Finance Minister Shri Arun Jaitley said that the Infrastructure Sectors su...

Read More
Posted Under: CA, CS, CMA |

Operationalisation of Online IEC applications Postponed

Public Notice No. 80 (RE-2013)/2009-2014 (06/01/2015)

Vide the Public Notice No. 76 (RE-2013), IEC applications were mandated to be submitted online with effect from 01.01.2015. However, due to some unforeseen technical problems it has not been possible to operationalise the new online IEC system. ...

Read More

ICAI’s way forward for Implementation of Ind AS

The Institute of Chartered Accountants of India (ICAI) notes with great pride that the Government has accepted its recommendations with regard to the roadmap for implementation of Indian Accounting Standards (Ind AS) for companies other than banking companies, insurance companies and NBFCs. ICAI had recommended this roadmap to the Ministr...

Read More
Posted Under: CA, CS, CMA |

Search Posts by Date

September 2020
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
282930