Mere qualifying by just passing any accountancy examination recognized in this behalf by the Board [Vide Clause (v) of Section 288(2) of the Income Tax Act, 1961]; or acquiring such educational qualifications as the Board may prescribe for this purpose [Vide Clause (vi) of Section 288(2) of the Income Tax Act, 1961] will entitle the candidate to undertake the profession of Income Come Tax Practitioner.
Guidelines/instructions on the subject of international travels have been issued by this Department from time to time. Latest instructions on the subject have been issued vide this Department’s G.M. of even number dated 29.10.2014 [Paragraph 2.4 refers]. In order to clarify the subject further, following instructions on international travels are reiterated for compliance —
In a recent decision dated 08.10.2014, rendered in the case of M/s. Mahavir Traders v/s the State of Gujarat, the Gujarat Value Added Tax Tribunal has held that revision of assessment order solely at the behest of A. G. Audit objections is not sustainable. While striking down the revision order, the Tribunal held as under :
Education sector has seen revolutionary changes in the past decade and so has the much debated service tax. The much thoughtful leaders of India have spared the education sector all alone from levy of taxes considering the importance of the same for the country. If a country wants to grow manifold than building infrastructure for education and educated infrastructure (people of the country) is a prerequisite.
The expression available in the statute book must be read in a manner that the intended object be achieved. The manufacturers used inputs and input services during the process of manufacturing and is entitled to take credit already paid on these inputs or the input services as the case may be.
Minister of State (Independent Charge) spoke about positive investment climate in India and also the huge investment opportunities in infrastructure, manufacturing, metallurgy, pharmaceuticals and other sectors. She emphasized the Government of India commitment to remove red tape and providing single window clearance for the investors.
Though less that 1% of returns filed are selected for scrutiny, this area of work has often drawn adversarial comments. Supervisory officers, have been directed to play a more pro-active role in monitoring and guiding assessments towards ensuring that high-pitched assessments without proper basis are not made and that lengthy questionnaires or summons without due application of mind are avoided.
Financial Accountants who discussed standard costing during the Interwar decades rarely considered how managers could use variances between actual and standard costs to control manufacturing. Instead their main concern was how to properly classify variances and in particular how to dispose of them in published financial reports. –Robert Kaplan My Dear Professional Colleagues, Cost Management […]
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Locally produced under the above means ‘the produce of the concerned border district of the designated Haat’. Clarification as to the specific commodity falling under the above list of items will be given by the Haat Management Committee, constituted under Article 1 of the operational guidelines of the MOU.
