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Archive: 07 February 2017

Posts in 07 February 2017

Budget 2017: Analysis of proposed amendment in section 56(2)

February 7, 2017 44715 Views 1 comment Print

Central Government has proposed several other amendments to the Income Tax Act which are in form of anti abuse amendments. One such important amendment is proposed in Sec 56(2) of the Act.

Reverse Merger “Idea- Vodafone Proposed deal” – Accounting perspective- Ind-As/ IFRS

February 7, 2017 9021 Views 1 comment Print

As we all know and perhaps keep a track about all latest developments related to proposed merger of Idea and Vodafone, it would be interesting to co-relate this with an interesting topic called Reverse Acquisition from the perspective of latest accounting standards i.e Ind-As/ IFRS

Section 271J-Penalty on professionals for furnishing incorrect information in statutory report or certificate should be removed

February 7, 2017 12255 Views 3 comments Print

Any Chartered Accountant cannot guarantee his/her work. He / She can make his opinion to the best of his knowledge and belief and material facts and documents provided by his/her client and issue a Report/Certificate on that.

4 Income Tax Provisions benefiting Startups in Budget 2017

February 7, 2017 15939 Views 0 comment Print

This year when finance minister was set to present the budget on 1st February’2017, Startup Industry was expecting many incentives from the government. Many Demands of startups are not met in this budget. Still, some benefits are given to startups; I have summarized what all concessions are there for Startups in this budget.

Construction Industry be Careful: Budget overrides Delhi HC Judgment- Suresh Kumar Bansal

February 7, 2017 7875 Views 3 comments Print

Amid of all this steps an amendment has also been made under service tax laws relating to valuation of Construction Service. The real estate sector currently comes under the ambit of service tax, when it receives sum from its buyers during the construction period

Appointment of CA Firms for accounts related works with GWRDC Ltd

February 7, 2017 3576 Views 1 comment Print

Appointment of The Firms Of Chartered Accountants For The Different Accounts Works Of The GWRDC Ltd For The Year 2016-2017. Last Date : Feb 28, 2017

Empanelment of Internal auditors with SJVN Limited

February 7, 2017 3321 Views 0 comment Print

SJVN Limited invites expression of interest for appointment/empanelment of Chartered Accountant / Cost Accountant Firms for Internal Audit of the functions and activities of the company.

Software updation in Banks: Need of the hour for common man

February 7, 2017 1599 Views 1 comment Print

In this digitilsed era still BANKS ARE NOT IN A POSITION to convey their customers on attaining the senior age that senior age benefits can be extended hence visit bank to understand on this.

The Economic Vision for Precocious, Cleavaged India

February 7, 2017 1293 Views 0 comment Print

Since about 1980, India’s growth performance has been robust, especially for a democracy. This has been backed up by policy reforms that have made India more open to flows of goods and capital and have reduced the size of the public sector, both in micro-efficiency and macro-fiscal terms.

Demonetisation: To Deify or Demonize?

February 7, 2017 2118 Views 0 comment Print

Demonetisation has been a radical, unprecedented step with short term costs and long term benefits. The liquidity squeeze was less severe than suggested by the headlines and has been easing since end-December 2016. A number of follow-up actions would minimize the costs and maximise the benefits of demonetisation.

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