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Regarding File applications for 53 SEZ ports codes

April 24, 2012 1024 Views 0 comment Print

Policy Circular No. 59 (RE-2010) /2009-14 Director General (Systems) have accorded SEZ port codes to the following 53 SEZs which have been uploaded on DGFT’s website:-

How to Combine VLookup and Match formulas in Microsoft Excel

April 24, 2012 17161 Views 0 comment Print

The VLookup formula returns data from any column you choose in the data table, simply change the number of the column in the third argument. Although it sounds simple, there is a catch. How can you determine the number of a column in a data table that contains numerous columns? How can you easily change the number of the column in the third argument of the VLookup formula? How can you easily change the column number in multiple formulas in a worksheet from which complex reports are prepared or in a sheet that contains multiple VLookup formulas?

Draft Guidance Note on Revised Schedule VI

April 24, 2012 19992 Views 0 comment Print

Guidance Note to the Revised Schedule VI to the Companies Act, 1956 1.        Introduction1.1 Schedule VI to the Companies Act, 1956 (‘the Act’) provides the manner in which every company registered under the Act shall prepare its Balance Sheet, Statement of Profit and Loss and notes thereto. In the light of various economic and regulatory […]

MVAT – Submission of annexures by dealers who are not required to file Audit Report in Form 704

April 24, 2012 12915 Views 0 comment Print

Trade Cir. No. 7T of 2012 This office is in receipt of various representations from the Trade and Associations. These representations with other queries also seek clarification with regards to the submission of Annexures by dealers covered under composition scheme in terms of Notification cited at Ref. 1 and 2 above. The issues have been examined.

Service Tax Payment Rate Chart & Rules

April 24, 2012 245821 Views 62 comments Print

In case of Individuals or Proprietary Concerns and Partnership Firm, service tax is to be paid on a quarterly basis. The due date for payment of service tax is the 5th of the month immediately following the respective quarter ( in case of e-payment, by 6th of the month immediately following the respective quarter). For this purpose, quarters are: April to June, July to September, October to December and January to March. However, payment for the last quarter i.e. January to March is required to be made by 31st of March itself.

S.14A ITAT disallowed expenditure for year prior to AY 2008-09

April 24, 2012 1357 Views 0 comment Print

The provisions of rule 8D of the Income-tax Rules which have been notified with effect from March 24, 2008, shall apply with effect from the assessment year 2008-09; Even prior to the assessment year 2008-09, when rule 8D was not applicable, the Assessing Officer has to enforce the provisions of sub-section (1) of Section 14A. For that purpose, the Assessing Officer is duty bound to determine the expenditure which has been incurred in relation to income which does not form part of the total income under the Act.

Pre Rule 8D Expenses to earn Exempt Income to be disallowed on reasonable basis

April 24, 2012 1024 Views 0 comment Print

Provisions of rule 8D of the Rules which have been notified with effect from March 24, 2008, would apply with effect from assessment year 2008-09. Even prior to assessment year 2008-09, when rule 8D was not applicable, the AO had to enforce the provisions of sub-section (1) of section 14A. For that purpose, the AO is duty bound to determine the expenditure which has been incurred in relation to income which does not form part of the total income under the Act.

Empanelment with Punjab Infotech for Third Party Audit

April 24, 2012 2029 Views 0 comment Print

Punjab Infotech invites online proposal from professional agency for Third Party Audit and SLA Monitoring of Enterprise wide ERP System at Punjab Infotech. The detailed Request for Proposal can be downloaded from our website www.etender.punjabgovt.gov.in

Tender for Appointment of Concurrent Auditor at J&KState Health Society Under NRHM for FY 2012-13

April 24, 2012 961 Views 0 comment Print

1. Sealed tenders, in two bid formats (technical and financial) are invited for appointment of Concurrent Auditor(s) of State Health Society under NRHM for the financial year 2012-13 from reputed Chartered Accountants/ Firms. 2. NIT can be obtained from the office of State Health Society, Nagrota, Jammu on any working day. Alternatively, the NIT can be downloaded from our website www.jknrhm.com .

S.148 Notice – Whether Revenue required to verify change in address of assessee

April 23, 2012 2226 Views 0 comment Print

Whether when notice u/s 148 is issued, Revenue is not required to verify the change in address of the assessee – Whether when assessee is aware of the fact that a notice has been issued but wrongly dispatched to his old address, the same is to be treated as deemed served – Whether the requirement u/s 149 is to ‘issue notice’ and not ‘service of notice’ as mandated u/s 34 of I-T Act, 1922.

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