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Archive: 09 November 2015

Posts in 09 November 2015

Free YouTube Live on The global landscape –  from market’s to trade

May 24, 2024 561 Views 0 comment Print

Join us for an insightful and dynamic YouTube Live session on “The global landscape –  from market’s to trade.” with renowned financial analyst Ankit Baid, MBA Finance. The presentation explores shifting of the global economic landscape, focusing on the decline of US dominance and the rise of China. It examines the potential decrease in global […]

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

May 15, 2024 7500 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.

Comparison between ICDS and Accounting Standards

November 9, 2015 7420 Views 0 comment Print

As we are sailing across the revolution in Indian regulatory framework as evidenced by development in Companies Act, Ind-AS and Prospective Goods and service Tax meanwhile Central Board of Direct Tax has notified as per power conferred u/s 145(2) ten Income Computation and Disclosure Standards (ICDSs) to be followed by all assesses for any class of income to be considered while computing taxable income for Assessment Year starting from 1st April 2016.

When Do Lies Become True?

November 9, 2015 1722 Views 0 comment Print

Truth is an easy-to-practice concept of our life. However, many people dislike it for the simple reason it often brings displeasure and wrath of others. The story of Indian King Harichandra highlighted the power of speaking truth. Even when he was provoked to tell lies once so that his dead and beloved wife could come alive, he refused to budge. Nevertheless, he earned appreciation for the steadfast principle to be rewarded with the return of consort.

Indirect Tax Revenue collections during October 2015 increased by 36.8%

November 9, 2015 2442 Views 2 comments Print

Indirect Tax Revenue (Provisional) collections during October 2015 increased by 36.8% as compared with collections made in October 2014; Cumulatively, during April-October 2015, Indirect Tax Collections increased by 35.9% over the collections made during the same period last year suggesting a healthy growth in the underlying tax base

DGFT-Appendix 4G as appearing in para 9.06 is being revised to read as Appendix-4H

November 9, 2015 1551 Views 0 comment Print

Importer shall maintain a register, as in Appendix-4H (for 3 years period) of items imported under an Authorisation and separately for items imported with actual user condition and its consumption. In respect of particular schemes, such register shall be maintained for specified period.

Agencies desirous of enlistment in Appendix 2I to Submit Application to DGFT

November 9, 2015 2064 Views 0 comment Print

Effect of this Public Notice: Hereinafter, agencies desirous of enlistment in Appendix 2I of Appendices & Aayat Niryat Forms may submit their application as per Annexure I to Appendix 2I to the DGFT instead of the concerned RA.

Concept of HSN codes under GST

November 9, 2015 636621 Views 225 comments Print

CA Vinod Kaushik What is HSN code? As per Wikipedia the Harmonised Commodity Description and Coding System, also known as the HSN (Harmonised System Nomenclature) is an internationally standardized system of names and numbers to classify traded products. These codes are basically used to fix rate of tax on various products at the time of […]

Notification No. 107/215-Customs (N.T.) Dated- 9th November, 2015

November 9, 2015 598 Views 0 comment Print

S.O. (E). In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs, being satisfied that it is necessary and expedient so to do, hereby makes the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 36/2001-Customs (N.T.), dated the 3rd August, 2001, published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S. O. 748 (E), dated the 3rd August, 2001, namely:-

Committees to Monitor unreasonable and High­ Pitched Scrutiny Assessment Orders

November 9, 2015 9640 Views 0 comment Print

Instruction No. 17/2015 Board has consistently been advising the field authorities to be fair, objective and rational while framing scrutiny assessment orders. Role of supervisory authorities in this regard, has also been highlighted by the Board from time to time. It has, however, been brought to the notice of Board that the tendency to frame high-pitched and unreasonable assessment orders is still persisting due to which grievances are being raised by the taxpayers. Such grievances not only reflect harassment of taxpayers but also lead to generation of unproductive work for Department.

All About Unit-linked insurance plan (ULIP)

November 9, 2015 28603 Views 10 comments Print

Discover the benefits of a Unit-linked insurance plan (ULIP). Get the best of both insurance and investment in one integrated plan.

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