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Present FDI Policies in Nepal, Issues and Remedy

January 14, 2014 444 Views 0 comment Print

Nepal the world itself is enough to describe the country. Nepal we know the most beautiful place in the entire globe, full of natural resources, The Great Himalayas, birthplace of Lord Buddha and the native land of Gorkhas. But as far as the economic status is concerned it could be said that most backward country […]

Employees’ PF/ ESI Contribution not covered by Section 43B

January 14, 2014 21504 Views 0 comment Print

Section 43B which permits a deduction for payments made upto the due date for filing the ROI applies only to the employer’s contribution to the provident fund etc. It does not apply to the employees’ contribution.

ICSI Presidents Message, January 2014

January 14, 2014 1448 Views 0 comment Print

Many of the key things accomplished till date are chronicled for posterity and form part in this Page but one is tempted to choose certain game-changing occurrences which could alter the way we treat ourselves. ICSI is well and truly on its way to becoming a modern, technology driven educational institution providing seamless service delivery to its stakeholders; we may have some way to go before we could say we have arrived but we are surely on our well chosen track.

Amendment to Schedule D of MVAT Act

January 13, 2014 1096 Views 0 comment Print

In the Maharashtra Value Added Tax Act, 2002, in SCHEDULE ‘D’, in entry 11, in column (2), for the words Brihan Mumbai Corporation and Pune District the words Brihan Mumbai Corporation, Pune Municipal Corporation and Raigad District shall be substituted.

Method of accounting can be changed if such change is bona fide and permissible under law

January 13, 2014 13451 Views 0 comment Print

Change in method of accounting was bona fide and with the compliance of the Accounting Standard – AS 9 – Revenue Recognition issued by the Institute of Chartered Accountants of India and provisions of S.5 of the Act.

Exemption u/s 54EC can be availed by a Trust even if investments are made in the name of trustees or beneficiaries

January 13, 2014 4774 Views 0 comment Print

Facts in brief as emerged from the corresponding assessment order passed u/s. 143(3), dated 1.12.2009 were that the assessee is a trust and during the year disclosed a capital gain of Rs.87,29,080/-. It was informed that the assessee had invested a sum of Rs. 1,12,00,000/- in Rural

ICAI – FAQ on verification of marks and submission of on-line applications for verification of answer books

January 13, 2014 6662 Views 4 comments Print

What is meant by verification of marks? The process of verification of marks covers the following: Checking:Whether the answer book(s) compilation is complete. Whether any question or part thereof has remained unvalued. Whether there is any totaling error in any question or total marks on the cover page. Whether there is any discrepancy between the marks for each question and or/part thereof and marks for each question indicated on the cover page of the answer book. Whether the handwriting of the candidate in all the answer books is the same.

Statutory Central Auditors appointed in public sector banks for year 2013-14

January 13, 2014 5217 Views 0 comment Print

Name of Statutory Central Auditors appointed in public sector banks for the year 2013-14 Sr. No  Auditors appointed for 2013-14 1.            Allahabad Bank, Kolkata 1         M/s N K Bhargava & Co., New Delhi 2         M/s Raghu Nath Rai & Co., New Delhi 3         M/s Khandelwal Kakani & Co., Indore

MVAT : Consulate general Notification- Addition of Sweden

January 11, 2014 2543 Views 0 comment Print

In exercise of the powers conferred by Sub-section (1) of section 41 of the Maharashtra Value Added Tax Act, 2002 (Mah. IX of 2005), the Government of Maharashtra hereby amends the Government Notification, Finance Department No. VAT.1509/CR-89/Taxation-1, dated the 5th November 2009, with effect from the 13th March 2013

What the "F" form means under Cst Act ?

January 11, 2014 197145 Views 43 comments Print

You may be familiar with the word “F”. But today I am here to demystify the concept of F forms under CST ACT. The following conversation between Ankur and Aashish will help you to understand the concept in a great manner. Ankur : Hi Aashish !!,  wassup buddy ?? Aashish : Nothing man, feeling anger […]

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