In the case of Commissioner of Income Tax vs. DLF Commercial Project Corporation Delhi High Court held that Advance received cannot be treated as income of the assessee and TDS is not deductible on reimbursement of Expenses since it is not an income.
If your income is more than Rs 5 lakh per annum then you must file your ITR electronically or online. Like all other things, internet has drastically changed the way you file your ITR. According to IT department, the number of people filing e-returns has seen a massive growth over the years, which testifies the […]
Automated excel utility for calculating depreciation as per Companies Act,2013(Schedule II). Features of the utility: 1.It can calculate individual asset WDV as on 01.04.2014 as well as current year depreciation. 2.It is useful for SLM method and only for other than specific industries (i,.e. for SME only) 3.Compatible in MS Office 2010 and upwards only. […]
Whether the Assessee is required to file refund claim under Section 11B of the Central Excise Act, 1944 for refund of the amount deposited during investigation despite of the fact of appeal allowed in Assessee’s favour with consequential relief?
After so much contradictions on Nestle Maggi Noodles, now a laboratory of CFTRI (Central Food Technological Research Institute) has found Maggi noodles are safe to be consumed by the people in India. CFTRI had tested some samples sent by FDA (Food and Drug Administration), Goa when Maggi was banned in June.
The formats for the reports/disclosures to be filed under the Regulations have been prescribed by SEBI vide circular No SEBI/CFD/DCR/SAST/1/2011/09/23 dated September 23, 2011, SEBI/CFD/DCR/SAST/2/2011/10/20 dated October 20, 2011 and CIR/CFD/POLICYCELL/11/2013 dated October 21, 2013.
My dear friends, The purpose of this article is to help the students in CA IPCC Audit subjects & not to take any credit in any manner. It has been prepared in consultation with 2 of my friends Vakeel Ali & Gaurav Vibhute who have got 69 Marks each in IPCC Audit. It has been […]
