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Corporate Governance and Corporate Social Responsibility

July 18, 2013 5876 Views 0 comment Print

Shrutika Kohli A systematic process which enables an organization to operate in a manner that meets with the business, legal and ethical expectations. It is a internal system encompassing policies, processes and people which serves the needs of all stakeholders by structuring, operating, directing and controlling management activities with good business objectives and integrity. Corporate […]

Notification No. 35/2013 – Customs Dated 18th July, 2013

July 18, 2013 3018 Views 0 comment Print

G.S.R. 491 (E).— In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.46/2011-Customs

Rate of exchange of conversion of each of the foreign currency with effect from July 19, 2013

July 18, 2013 1604 Views 0 comment Print

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Government of India in the Ministry of Finance

Continuance of proceedings by ICAI after settlement before CLB is unreasonable

July 17, 2013 895 Views 0 comment Print

In fact, after the complainant settled the matter with the complainant before Company Law Board and then wrote to the petitioner that he does not press his complaint against the contesting respondent, the disciplinary committee and the council were not justified in continuing with the proceedings as the very basis of the proceedings,

Maharashtra VAT – Delegation of powers – Sec. 63(7) to AC_STO

July 17, 2013 1983 Views 0 comment Print

COMMISSIONER OF SALES TAX, MAHARASHTRA STATE, MUMBAI Vikrikar Bhavan, Mazgaon, Mumbai 400 010, dated the 17th July 2013 Order MAHARASHTRA VALUE ADDED TAX ACT, 2002. No. Sr. D.C. (A & R)/PWR/1006/4/Adm. (3)8.— In exercise of the powers conferred by sub-section (6) of section 10 of the Maharashtra Value Added Tax Act, 2002 (Mah. IX of […]

S. 194C No TDS on Transport Charges in absence of Agreement with Transporter

July 17, 2013 14882 Views 0 comment Print

There is no contract between the assessee and the transporter and the section 194C is applicable to work contract. The learned CIT(A) has found that in the instant case the clearing and forwarding contractor appoints for transportation of goods

No Disallowance U/s. 14A r.w. Rule 8D for Investments in subsidiaries

July 17, 2013 3875 Views 0 comment Print

The first issue in the appeal of the assessee relates to dis-allowance made u/s. 14A r.w.r. 8D. The Assessing Officer has made dis-allowance to the tune of Rs. 4,32,66,500/-. The contention of the assessee is that the assessee has earned dividend income of Rs. 4.6 Lakhs which is fully exempt u/s.

Income Tax Department Ready With More Clout!

July 17, 2013 4348 Views 0 comment Print

The Income Tax Department is ready to take a jibe on your cash transactions. These dealings were in the IT radar in the past as well but after the drive to make the system more transparent a cash limit has been set. The IT department will now check the details of any cash transaction of more […]

E-filing to Benefit Tax Payers Having Income Above 5 Lakhs

July 17, 2013 3006 Views 0 comment Print

The move by Finance Ministry to reduce the threshold limit of filing e-returns from Rs 10 lakh to Rs 5 lakh has to be welcomed. E-filing of return should not be seen as a burden but it is in one way a step ahead for the tech savviness of the country. The primitive approach of […]

CA Final May 2013 & CPT June 2013 Exams – List of Toppers & Pass Percentage

July 17, 2013 20791 Views 0 comment Print

The Institute of Chartered Accountants of India (ICAI) announced on 16.07.2013 the following results 1) Chartered Accountants Final Examination held in May, 2013. 2) Common Proficiency Test (Paper Pencil Mode) held in June , 2013. Since December1949, the Chartered Accountancy Examination is held twice in a year. The top three rank holders on all India […]

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