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Archive: 21 October 2016

Posts in 21 October 2016

GST Council – A Battle Has Just Begun

October 21, 2016 9541 Views 4 comments Print

GST Council is yet to decide on GST rate structure. Since, the last meeting which concluded on 19th October,2016 could not result a consensus amongst states on various reasons.

Client Creation Cost- Is it intangible asset entitled to depreciation @ 25%?

October 21, 2016 2941 Views 1 comment Print

Client acquisition cost paid by the appellant was towards acquiring an intangible asset and therefore eligible for depreciation under section 32(1)(ii) of the Act @ 25%.

S. 35(2AB): AO bound to grant deduction if R&D facility is approved by competent authority

October 21, 2016 7782 Views 0 comment Print

Provisions of section 35(2AB) of the Act, with relevant rules makes it mandatory for the assessee company to file its application for approval of its in house R&D before the Secretary, DSIR, Government of India.

A journey from failure to get an Exemption in ISCA..!!!

October 21, 2016 6301 Views 1 comment Print

It’s 26 Marks..!!! The result came out and it was the first attempt of CA Final Examination. I was so scared since the starting of final preparation as I had not that much time to do something special preparation for my least favourite subject ISCA. I genuinely wanted just 40 Marks to pass out the group. And I got 26.

All about Producer Company under Companies Act 2013

October 21, 2016 12922 Views 0 comment Print

Producer Company is a company registered under the Companies Act; 2013 and shall carry on any of the following activities: (i) Production, harvesting, procurement, grading, pooling, handling, marketing, selling, export of primary produce of members or import of goods or services for their benefit;

Assessee information Disclosure to Anti-Corruption Bureau, Kerala

October 21, 2016 1258 Views 0 comment Print

CBDT vide Notification No. 95/2016 notified Director, Vigilance and Anti-Corruption Bureau, Kerala U/s. 138(1)(a)(ii) to whom in Public Interest Disclosure of information respecting assessees can be made by Income Tax Department.

Appointment of Adjudicating Authorities for SCNs issued by DGCEI / DRI/ Field Commissionerates

October 21, 2016 5080 Views 0 comment Print

Note: 1. In this E-book, attempts have been made to explain about the Appointment of Adjudicating Authorities for the show cause notices issued by DGCEI/ DRI/ Field Commissionerates. It is expected that it will help departmental officers in their day to day work. 2. Though all efforts have been made to make this document error […]

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