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How to Give Best Answers To Tough Interview Questions- Part-2

February 7, 2015 10321 Views 0 comment Print

Q. Tell me something about yourself that I didn’t know from reading your resume. Don’t just repeat what’s on your resume. Think of a talent or skill that didn’t quite fit into your employment history, but that’s unique and reveals something intriguing about your personality or past experience.

Concise chart on Related Party Transactions

February 7, 2015 4823 Views 0 comment Print

1. The reference of financials is as per last audited financial statements. 2. Proposal needs previous approval of Audit Committee. 3. Thereafter proposal needs previous approval of Board Meeting in terms of approval of Audit Committee.

Mandatory Pan Under The Income-tax Act

February 7, 2015 8689 Views 0 comment Print

A Permanent Account Number (PAN) is one of the most important documents in the country today. It is an identification number which the Income Tax Department gives to all taxpayers. You need to quote the PAN for all financial transactions like opening a bank account, buying a property of a car, buying or selling shares or mutual funds, applying for a visa/passport, making payment of income tax or filing your tax return, applying for a bank loan, etc.

Private Placement Under Companies Act and Rules

February 6, 2015 6653 Views 2 comments Print

Section 42 of the Companies Act,2013 and Rule 14 of Companies (Prospectus and Allotment of Securities) rules ,2014 deals with Private Placement. Private placement means any offer of securities or invitation to subscribe securities to a select group of persons by a company (other than by way of public offer) through issue of a private placement offer letter and which satisfies the conditions specified in this section.

Entertainment Tax Exemption Setting up of Modern Multiplexes is Capital Receipt

February 6, 2015 1814 Views 0 comment Print

The UP Scheme under which the assessee claims exemption to the extent of entertainment tax subsidy, claiming it to be capital receipt, is clearly designed to promote the investors in the cinema industry encouraging establishment of new multiplexes.

RBI Policy on eligibility, empanelment & selection of Statutory Auditors for 2014-15

February 6, 2015 2326 Views 0 comment Print

Department of Financial Services. Ministry of Finance. Government of India vide their letter NO’. F.No.1/14/2004-BOA dated November 25, 2014 has advised us that Government has decided that the work of selection and appointment of Statutory Central Auditors (SCAs) is delegated to individual Public Sector Banks (PSBs) for the year 2014-15 and onwards.

Employees suffering with disability -Need not take Voluntary Retirement

February 6, 2015 4583 Views 1 comment Print

It has been noticed that on many occasions persons suffering from physical/ mental disability seek voluntary retirement owing to their inability to attend duty, not being aware of the protection afforded by the Persons with Disabilities (Equal Opportunities, Protection of Rights and Full Participation) Act, 1995 (PWD Act):

Maharashtra govt. increases Death cum retirement gratuity limit to Rs. 7 lakhs

February 6, 2015 30123 Views 17 comments Print

The Government is pleased to increase the maximum limit of Death cum retirement gratuity to Rs. 7 lakhs to all the eligible State Government pensioners/ family pensioners who retired /died on or after 1st January, 2006, pursuant to the decision of the Hon. Supreme Court dt. 30.01.2013 in Civil Appeal 908/2013 arising out of S.L.P.3700/2012. The Government Resolution dated 21st August, 2009 referred to above is hereby cancelled.

Section 145- Rejection of Books of Account

February 6, 2015 18468 Views 0 comment Print

Problem Faced by Business man as well as Professional :- Stock register as well as details of closing stock in quantitive and rate wise is a major hurdle for both of them. In some business i.e. Labour intensive Work, wholesale and Retail of construction goods releted business, readymade garment business and some other business

DGFT Prohibits Import of Shark fins

February 6, 2015 714 Views 0 comment Print

In exercise of powers conferred by Section 3 of FT (D&R) Act, 1992, read with paragraph 1.3 and 2.1 of the Foreign Trade Policy, 2009-2014, the Central Government hereby makes the following amendment to the Import Policy Conditions in Schedule – I of ITC (HS), 2012 EXIM code 0305 71 00, as under.

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