sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
News Headlines   RSS Feeds
 Companies (Significant Beneficial Owners) Amendment Rules, 2019
By CA Andrew F Thomas
In exercise of the powers conferred by sub-sections (1) and (2) of section 469 reatl with section 90 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (9ignificant Beneficial Owners) Rules, 2018, namely:-
  Tax saving guide for FY 2018-19
By CA Mayank Jain
January to March end many of us are busy doing one thing -- figuring out the best way to save on tax. In our hurry to complete the tax-saving exercise before the end of the financial year, we end up making mistakes (many times rather expensive ones). These include investing in products without weighing the pros and cons properly, and not making full use of the various deductions and exemptions.
 4 lesser known ways to save tax. Filing income tax returns?
By CA Andrew F Thomas
This financial year is nearing its end and if you haven’t been planning your taxes all through the year, you must be busy looking for last-minute options to save your hard-earned money this time around. If you have already explored the more popular investment options such as PPF and life insurance, let’s look at some of the lesser-known investment options that can help you reduce your tax burden.
 You do not have to pay TDS on FDs under this amount Income tax returns (ITR)
By CA Mayank Jain
If your bank has deducted the TDS from your interest income on FDs, then you can declare the deducted amount in your ITR filing form and the IT department will automatically refund your paid sum in your bank account.
 Income-tax (15th Amendment) Rules, 2019
By CA Devender Singh
In exercise of the powers conferred by section 133C read with sub-section 295 of the Income-tax Act, 1961 (43 of 1961)
 How To Calculate Income Tax For Assessment Year 2020-21
By CA Andrew F Thomas
From the announcement of a full tax rebate on an annual income up to Rs. 5 lakh to a 25 per cent hike in standard deduction applicable to the salaried and pensioners, the Budget 2019
 Financial Interim Budget 2019-20
By CA Andrew F Thomas
Interim Budget 2019-20 Presented In Parliament Today Has A Major Scheme For Farmers And Provides For Income Tax Sops
More »
Continuing Prof. Edu.   RSS Feeds
 CPE Events 18th February -23th February 2019
By CA Andrew F Thomas
CPE Events 18th February -23th February 2019
 Budget 2019 And Recent Changes in Companies Act & GST ACT
By CA Mayank Jain
Place: Shalimar Bagh CPE Study Circle of NIRC Date: 16-02-2019 – To: 16-02-2019 CPE.Hrs.: 5
 GST Amendments effective 01-02-2019 and Budget Analysis(IT)
By CA Manu T George
Place: East End CA Study Circle of NIRC Date: 15-02-2019 – To: 15-02-2019 CPE.Hrs.: 4
 CPE Events 11th February -16th February 2019
By CA Nilesh Sahu
CPE Events 11th February -16th February 2019
 Discussion on Interim Budget & Discussion on Recent Change in Companies Act 2013 .
By CA Atul Gupta
Place: Central Delhi CPE Study Circle of NIRC Date: 11-02-2019 – To: 11-02-2019 CPE.Hrs.: 5
 Recent Amendments In Co.Act And GST
By CA Mayank Jain
Place: Pusa Road CPE Study Circle of NIRC Date: 25-02-2019 – To: 25-02-2019 CPE.Hrs.: 5
 Meticulous discussion on Budget, RTI & Consumer forum
By CA S K Verma
Place: East Delhi CPE Study Circle of NIRC Date: 09-02-2019 – To: 09-02-2019 CPE.Hrs.: 4
More »
GST - Goods and Services Tax   RSS Feeds
 GST compliance: Govt plans to go easy on businesses till polls
By CA Manu T George
Tax authorities have put on hold for a few months scrutiny of goods and services tax (GST) compliance by businesses and traders, despite a gaping hole in revenue receipts this fiscal year, and an ambitious 18% growth forecast for 2019-20. The authorities will, however, continue to collect data on transactions from various sources, which will be useful once enforcement measures are scaled up.
 Government faces shortfall in GST collection
By CA Atul Gupta
GST collection reached ?1 lakh crore only in two months out of nine in the current financial year, according to government data.
 Proposal to encourage taxmen to file GST profiteering complaints
By CA S K Verma
The GST officials are working out mechanism to prompt taxmen to initiate profiteering complaints, which could be taken up for further investigation by the Directorate General of Anti-Profiteering.
 GST at an inflection point, effortsmust be made to fine-tune structure
By CA Atul Gupta
India’s biggest tax reform is working, but it could do a lot better with more tweaks It is only a matter of time before the disruptions and loss of revenue from the implementation of Goods and Services Tax (GST) give way to efficiency and compliance gains.
 GoM on revenue shortfall to study GST collection on services by states
By CA Mayank Jain
The panel has been formed by the GST Council to look into revenue shortfall being faced by the states post implementation of the Goods and Services Tax (GST).
 GST: These 10 judgments should offer clarity on ambiguous rules
By CA Atul Gupta
While the government has amended the GST law a few times since its rollout, a lot of the changes in the provisions and concepts of the new indirect tax regime came about due to court rulings.
 Here's what will become cheaper for you GST Council meet
By CA Nilesh Sahu
The Central Government has notified new forms for annual Goods and Services Tax (GST) returns. These forms are to be filed by businesses registered under the GST regime by June 30, 2019.
More »
Markets   RSS Feeds
 FM calms nerves, says no plan to tax market gains
By CA S K Verma
In a bid to calm frayed nerves of stock market players, Finance Minister Arun Jaitley on Sunday clarified the government has no intention to impose a tax on long-term capital gains from trading in shares.
 Why we must tweak the market-led model
By CA Ojas Aggarwal
ACCORDING to the latest report by the New World Wealth, after Russia, India is the second most unequal nation in the world as 54 per cent of its wealth is in the hands of millionaires.
 PE transactions prompt income tax queries over round tripping concerns
By CA Atul Gupta
Domestic companies raising private equity funding in the near term are likely to face increased scrutiny from tax sleuths looking for instances of round tripping.
 Amended India-Mauritius tax treaty only covers investments in shares
By CA Andrew F Thomas
The revamped India-Mauritius tax treaty will apply to only investments in shares and not to other instruments, details of the agreement released by Port Louis showed.
 Government drops cap gains tax on startup shares held for 2 years
By CA Nilesh Sahu
In a fresh boost to startups, the government on Thursday inserted an amendment to the Finance Bill to provide for capital gains tax exemption if shares of an unlisted company were held for more than two years.
 Tax-free bonds regain demand in the secondary market
By CA Ojas Aggarwal
Tax-free bonds which have been languishing for more than six months due to lack of investor interest in the secondary market, are in demand again.
 Relevant Market Under Competition Act, 2002
By CA S K Verma
The object of the Competition Act, 2002 (Act for short) is to preserve and promote competition and to prevent anti competitive business practices with minimal Government intervention.
More »
General   RSS Feeds
 TDS Benefits Announced In Budget 2019 And What They Mean For You
By CA Devender Singh
The hike in TDS threshold on interest income will benefit small depositors and non-working spouses, the government has said. In its last budget before general election due by May, the government has announced a number of tax changes. Other than some income tax rules, including rebate applicable to personal income, the government has also announced changes to the rules on TDS - or tax deducted at source. TDS or tax deducted at source is a direct tax paid to the government under certain conditions.
 Government forms panel to solve angel tax issue
By CA Rashmi Sharma
A solution for India’s vexed angel tax may be around the corner, with the industry department setting up a panel comprising startups, angel investors and income tax officials to look into the issue.
 Government may miss direct tax collection target
By CA S K Verma
The government may miss the revised direct tax collections target of Rs 12 lakh crore for the current financial year ending March by a significant margin on account of a shortfall in income tax collections, a government official said.
 Gifts received from a relative are tax-exempt
By CA Nilesh Sahu
The lesson is there for all to see: if taxes are paid honestly by those at the top (willingly or unwillingly), then the poor and the middle class can reap the rewards of progress.
 Companies face action over TDS non-payment
By CA S K Verma
The government has cracked the whip on several large companies, which had either failed to deposit tax deducted at source (TDS) with the income tax (I-T) department or delayed the payment, with claims against top 10 such entities adding up to nearly Rs 350 crore.
 Expect Reduction In Corporate Tax Rate
By CA Andrew F Thomas
With the upcoming elections and in the wake of the panel entrusted with the task of outlining measures to replace the existing Income-tax Act, it seems unlikely that any major SOPs or incentives will be introduced.
 How income tax slabs have changed since Independence
By CA Rashmi Sharma
From an eye-watering 97.75 per cent as the highest tax rate and 11 tax slabs, to 30 per cent as the highest rate and three slabs, India and her taxpayers have come a long way since Independence.
More »
Corporate Law   RSS Feeds
 Income tax law needs to be a lot simpler
By CA Manu T George
Simplifying the Income Tax Act, automating tax collection and return processing and making the process user-friendly are priorities for the National Democratic Alliance (NDA) government, finance minister Piyush Goyal said.
 Govt panel may recommend dropping dividend distribution tax in new direct tax law
By CA Rashmi Sharma
The tax law panel is considering reverting to the classical method of taxing dividend in the hands of the shareholders Members of the task force set up to draft a new direct tax legislation may favour abolishing dividend distribution tax (DDT), according to a report by The Times of India.
 Law Commission proposes to abolish it Tax saving tool HUF may cease to exist
By CA Atul Gupta
The concept of Hindu Undivided Family (HUF) may cease to exist if the proposals of a recently released consultation paper on Reform of Family Law by the law commission are accepted.
 Residential status rules are different for exchange control, income tax laws NRI taxation
By CA Nilesh Sahu
The rules for determination of residential status under the exchange control law are different from those under the income tax law.
 Recent advance rulings under the GST Law
By CA Andrew F Thomas
The Authority for Advance Ruling (AAR) constituted under the Goods and Services Tax (GST) Law has recently pronounced advance rulings clarifying certain positions on the applicability of GST on supply of goods from retail outlets in international airports,
 Case Laws Relating To E-Way Bill
By CA Manu T George
The implementation of e-way bill has caused more delay because of the improvements to be done in the portal system. The Central Government has announced that the e-way bill system would be applicable for the inter-State transactions with effect from 01.02.2018 and the States would implement the e-way bill system for intra-State transactions by 1st June, 2018.
  Are we maintaining documents and records as required under GST Laws?
By CA S K Verma
By this time every tax professional is aware that GST is mainly following various kinds of compliances like filing of returns, e-way bills, etc.
More »
Students   RSS Feeds
 Important Announcement - CA Examinations May, 2019
By CA Ojas Aggarwal
In pursuance of Regulation 22 of the Chartered Accountants Regulations, 1988, the Council of the Institute of Chartered Accountants of India is pleased to announce that the next Chartered Accountants Foundation Course
 Announcement for the Certificate Course on NPO at Kolkata from 2nd February, 2019
By CA Mayank Jain
The Committee for Co-operatives and NPO Sectors of ICAI is starting its next batch for the Certificate Course on NPO at Kolkata from 2nd February, 2019 subject to minimum batch size of 30.
 Registration for Practical Training Assessment Test on February 3, 2019
By CA Manu T George
The next practical training assessment test is being scheduled on February 3, 2018. The students who have completed their 1st/ 2nd year of practical training during the second, third and fourth quarter of 2018,
 Constitution of Study Group on “Best Practices on Revaluation of Answer Books”
By CA Devender Singh
The President, ICAI in terms of the authority vested in him by the 373 rd meeting of the Council held on 12th February 2018
 Change in Examination Venue in Doha (Qatar), November 2018 Examinations
By CA Ojas Aggarwal
Due to unavoidable circumstances, all the candidates initially allocated to Embassy of India Villa Nos. 86 & 90, Street No. 941, AL Eithra Street, Zone 63, Onaiza, DOHA (QATAR) have been re-allocated to Birla Public School W.L.L, P.O Box – 24686, Building No. 160, Plot No. 78, Zone No. / Area No. 56, Street No. 1011, Street Name : Kanis, Sub – Area Name: Mesaimeer, Opposite Religious Complex, Abu Hamour, Doha (Qatar).
 Registrations open for practical training Assessment scheduled on October 21, 2018 and December 2, 2018.
By CA Mayank Jain
Whereas, sub-section (1) of section 48 of the Prohibition of Benami Property Transactions Act,1988 (45 of 1988)(hereafter referred to as the said Act) provides that a person preferring an appeal to the Appellate Tribunal under said Act may either appear in person or take the assistance of an authorised representative of his choice to present his case before the Appellate Tribunal; sub-section
 Zone / City - Shifting of Candidates for November - 2018 CA Exams
By CA Rashmi Sharma
Due to paucity of accommodation in certain Zones opted by the candidates in the cities of Ahmedabad, Bhopal, Chennai, Delhi, Hyderabad, Indore and Vadodara some of the candidates have been allotted examinations centres in the zone other than the zone opted by them in the said cities. In view of this, it is not possible to accede to the requests of the candidates for transfer to an examination centre in a particular zone of the city opted by them.
More »
New Forms   RSS Feeds
 Form 60 can help you Don’t have PAN and need to do these important transactions?
By CA Ojas Aggarwal
As per the Income Tax Act, PAN is necessary to be quoted in various documents or transactions. However, in certain cases Form No 60 can also be used. Here's all you need to know.
 Income Tax: No provisions in I-T Act for revision in Form 15H, 15G
By CA Ojas Aggarwal
The different types of ITR forms released are based on various sources of income earned. I submitted Form 15H in the bank in April 2018 by mistake. The bank is saying it is unable to reverse/delete Form 15H from my account. How can I rectify the mistake?
 Penalty on late filing of ITR and other tax changes effective from Apr 1
By CA Nilesh Sahu
Several major income tax changes will come into effect from the start of the new financial year, i.e., April 1, 2018. These include penalty on late filing of income tax returns (ITR),
 How to view, download your Form 26AS and why it is important
By CA Andrew F Thomas
Form 26AS, also known as Annual Statement, is a document that provides details of TDS, refunds associated with a PAN in a particular financial year
 E-Way Bill Mandatory From 01.02.2018
By CA Rashmi Sharma
Rule 138 of the Central Goods and Service Tax Rules, 2017 deals with the e-way bill which came into effect from 01.07.2017. But no rule has been framed at that time.
 FORM GSTR-3B v/s FORM GSTR-1
By CA Nilesh Sahu
The common errors while submitting FORM GSTR-3B and the steps needed to be taken to rectify the same in FORM GSTR-1 are provided in the table annexed herewith. The corresponding column in the table provides the steps to be followed by taxpayer to rectify such error:
 Form GSTR-3B of GST - Boon or Curse
By CA Atul Gupta
Form GSTR--3B is summary return inserted by Government vide Rule 61 of the CGST Rules,2017 in lieu of Form –GSTR-3 . It is a summary return in place of GSTR-3.
More »
ICAI   RSS Feeds
 Withdrawal of the Announcement regarding Clarification on Applicability of Rotation principles on a company as per Section 139 of the Companies Act 2013 where the company ceases to fall under the ambit of Rotation principles in subsequent years.
By CA S K Verma
The Corporate Laws & Corporate Governance Committee had issued the nnouncement regarding clarification on the applicability of Rotation principles on a company as per Section 139 of the Companies Act 2013 where the company ceases to fall under the ambit of Rotation principles in subsequent years on 29th January, 2019
 Extension of the Last Date for submission of online application for Empanelment of Chartered Accountants firms/LLPs with O/o C&AG for the year 2019-20
By CA S K Verma
Considering the difficulties faced by Chartered Accountant firms/LLPs in submitting the online empanelment for audit of PSUs for the year 2019-20, the office of C&AG at the request of ICAI has extended the last date for submission of the said application from 15th February, 2019 to 22nd February, 2019 as a onetime relief.
 Launch of Batch of Educational Course by ICAI Registered Valuers Organisation (ICAI RVO) at Ludhiana from 23rd February, 2019 to 17th March, 2019.
By CA Atul Gupta
The ICAI Registered Valuers Organsiation (ICAI RVO) is conducting batch of Educational Course for taking IBBI Registered Valuers Examination for Securities or Financial assets class at Ludhiana from 23rd February to 17th March, 2019, on the following dates:
 Results of the Post Qualification Course (Insurance & Risk Management, International Taxation (AT), ITL & WTO and TMC (Part-I) / MAC (Part-I)) Examinations declared.
By CA Mayank Jain
Results of the Post Qualification Course (Insurance & Risk Management, International Taxation (AT), ITL & WTO and TMC (Part-I) / MAC (Part-I)) Examinations declared.
 Exams : Intermediate(IPC), Intermediate Merit List November 2018
By CA Manu T George
Exams : Intermediate(IPC), Intermediate Merit List November 2018
 Results of the Chartered Accountants Intermediate (Old Course & New Course) Examination held in November 2018 declared.
By CA Rashmi Sharma
Results of the Chartered Accountants Intermediate (Old Course & New Course) Examination held in November 2018 declared.
 Committee for Capacity Building Members in Practice (CCBMP), ICAI: Arrangement LIC Term Insurance for Members of ICAI
By CA Andrew F Thomas
The Committee for Capacity Building of Members in ICAI is facilitating ICAI-LIC Group Insurance Scheme for Chartered Accountant Members and their spouse.
More »
From the Courts   RSS Feeds
 Principal Commissioner Of Income Tax, Delhi-17, Vs. M/s Wadhawan Designs
By CA Manu T George
procured to manufacture garments. The assessee claimed that the readymade garments were exported and claimed drawback amounts from the concerned authorities.
 ITO vs. Yadu Steels & Power Pvt. Ltd (ITAT Delhi)
By CA Rashmi Sharma
S. 68 Bogus share capital: In the case of a private company, Onus is on assessee to prove identity, creditworthiness of subscribers and most importantly genuineness of transactions.
 Mahavir Jhanwar vs. ITO (ITAT Kolkata)
By CA Andrew F Thomas
S. 10(38) Bogus long-term capital gains from penny stocks: If the assessee has filed evidences for (a) purchase of shares, (b) payment by account payee cheque, (c) balance sheet disclosing investments
 Cenveo Publisher Services India Ltd vs. UOI (Bombay High Court)
By CA Nilesh Sahu
S. 147 Reopening: If the assessee delays filing objections to the reasons and leaves the AO with little time to dispose of the objections and pass the assessment order before it gets time barred,
 PCIT vs. Hardik Bharat Patel (Bombay High Court)
By CA Manu T George
Capital Gains vs. Business Profits: As per CBDT Circular No. 6 of 2016 dated 29.2.2016 gains on shares held for more than 12 months are treated as long-term capital gains and not as business profits. The fact that the amount invested in shares were out of borrowed funds and there were frequent and voluminous transactions is irrelevant
 PCIT vs. NDR Promoters Pvt. Ltd (Delhi High Court)
By CA Rashmi Sharma
S. 68 Bogus share capital in form of accommodation entries: The transactions are clearly sham and make-believe with excellent paper work to camouflage their bogus nature. The reasoning is contrary to human probabilities.
 Utech Developers Ltd. 305, 3rd Floor Bhanot Corner Pamposh Enclave, G.K.-I New Delhi 110 048 vs. ITO, Ward 18(1) New Delhi
By CA Nilesh Sahu
That on facts and in the circumstances of law, Lower authorities erred in concluding that assessee deliberated attempted to evade taxes by making a malafide claim of travelling expenses.
More »
Auditing   RSS Feeds
 Auditors barred from putting a value on companies they are auditing
By CA S K Verma
An income tax tribunal has barred auditors from issuing valuation certificates to the companies they are auditing. This is set to impact several tax disputes around valuations in companies including angel tax disputes involving start-ups.
 Standard on Internal Audit (SIA) 18, Related Parties
By CA Devender Singh
Standard on Internal Audit (SIA) 18, Related Parties
 Standard on Internal Audit (SIA) 17, Consideration of Laws and Regulations in an Internal Audit
By CA S K Verma
Standard on Internal Audit (SIA) 17, Consideration of Laws and Regulations in an Internal Audit
 Standard on Internal Audit (SIA) 16, Using the Work of an Expert
By CA Ojas Aggarwal
Standard on Internal Audit (SIA) 16, Using the Work of an Expert
 Standard on Internal Audit (SIA) 14, Internal Audit in an Information Technology Environment
By CA Atul Gupta
Standard on Internal Audit (SIA) 14, Internal Audit in an Information Technology Environment
 Standard on Internal Audit (SIA) 13, Enterprise Risk Management
By CA Mayank Jain
Standard on Internal Audit (SIA) 13, Enterprise Risk Management
 Standard on Internal Audit (SIA) 12, Internal Control Evaluation
By CA Manu T George
Standard on Internal Audit (SIA) 12, Internal Control Evaluation
More »
Latest Circulars   RSS Feeds
 Notification No. 07/2019 – Central Tax Central Board of Indirect Taxes and Customs
By CA Atul Gupta
In exercise of the powers conferred by sub-section (6) of section 39 read with section 168 of the Central Goods and Services Tax Act, 2017 (12 of 2017)
 Notification No. 06/2019 – Central Tax Central Board of Indirect Taxes and Customs
By CA Mayank Jain
In exercise of the powers conferred by sub-section (2) of section 23 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance
 RBI releases Draft Directions on Financial Benchmark Administrators
By CA Ojas Aggarwal
The Reserve Bank of India today released draft directions on Financial Benchmark Administrators. Comments on the draft directions are invited from market participants and other interested parties by March 08, 2019.
 RBI announces draft directions on facilities for hedging foreign exchange risk by Residents and Non-residents
By CA Atul Gupta
The Reserve Bank of India today released a draft of the revised directions and regulations on facilities for hedging foreign exchange risk by Residents and Non-residents.
 RBI-Investment by Foreign Portfolio Investors (FPI) in Debt
By CA Mayank Jain
Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to Schedule 5 to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2017
 Auction of Government of India Dated Securities February 15, 2019
By CA Rashmi Sharma
The auction be price based using multiple price method. The Reserve Bank of India at Mumbai will conduct the auctions. The salient features of the auctions and the terms and conditions governing the issue of the Stocks are given in the notifications (copies enclosed), which should be read along with the General Notification F.No.4(2)–W&M/2018, dated March 27, 2018 issued by Government of India.
 Sixth Bi-monthly Monetary Policy Statement for 2018-19
By CA Devender Singh
Edited Transcript of Reserve Bank of India’s Sixth Bi-Monthly Monetary Policy Tele-Conference with Researchers and Analysts
More »
Forex   RSS Feeds
 Perils of an ad hoc forex policy
By CA Nilesh Sahu
In a speech that he gave last month at the International Monetary Fund, the Reserve Bank of India (RBI) Governor,
 Rupee depreciated by 17 paise to Rs 45.62 a dollar in early trade
By CA Andrew F Thomas
The rupee depreciated by 17 paise to Rs 45.62 a dollar in early trade today following weak domestic equity markets
 Rupee strengthened by 7 paise against dollar
By CA Devender Singh
The rupee strengthened by 7 paise to Rs 45.35 a dollar in early trade today on weakness in the US currency against major world currencies
 Rupee up by 4 paise against dollar in early trade
By CA Nilesh Sahu
The rupee strengthened by 4 paise to Rs 45.48 against the US dollar in early trade at the Interbank Foreign Exchange today
 Rupee falls by 18 paise at 4-week low against dollar
By CA Manu T George
The rupee today fell by 18 paise to trade at a four-week low of Rs 45.54 against the US currency in early trade, weighed down by dollar's gains against the major world currencies
 Rupee drops on weak shares; inflation eyed
By CA Nilesh Sahu
The Indian rupee fell on Friday tracking losses in local shares, which raised worries of foreign investors continuing to pull out funds from Asia's third-largest economy
 Rupee raises 6 paise against dollar in early trade
By CA Rashmi Sharma
The Rupee appreciated by 6 paise to Rs 45.07 a dollar at the Interbank Foreign Exchange market today, boosted by the greenback's weakness against euro and other major currencies
More »
ITAT-Constitution of Benches   RSS Feeds
 Monetary limits for filing/withdrawal of Wealth Tax appeals by the Department before ITAT, HCs and SLPs/appeals before SC through extending the scope of Circular 3 of 2018 -Measures for reducing litigation.?
By CA Devender Singh
Reference is invited to Board's Circular No. 3 of 2018 dated 11.07.2018 (hereinafter, referred to as "the Circular") vide which monetary limits for filing of income tax appeals by the Department before Income Tax Appellate Tribunal, High Courts and SLPs/ appeals before Supreme Court were specified.
 Income Tax Appellate Tribunal, Hyderabad Benches, Hyderabad. Cause List Of Cases Posted Before A-Bench ( Db & Smc ) 14.01.2019 To 18.01.2019
By CA Rashmi Sharma
Income Tax Appellate Tribunal, Hyderabad Benches, Hyderabad. Cause List Of Cases Posted Before A-Bench ( Db & Smc ) 14.01.2019 To 18.01.2019
 Income Tax Appellate Tribunal, Mumbai Benches, Mumbai Consolidated Cause List Of Sal Ma/ Pronouncement For Friday 18.01.2019
By CA Andrew F Thomas
Income Tax Appellate Tribunal, Mumbai Benches, Mumbai Consolidated Cause List Of Sal Ma/ Pronouncement For Friday 18.01.2019
 Income Tax Appellate Tribunal : Kolkata Benches : Kolkata. Sub : Cause List For The Cases Fixed On Friday The 11/01/2019
By CA Manu T George
Income Tax Appellate Tribunal : Kolkata Benches : Kolkata. Sub : Cause List For The Cases Fixed On Friday The 11/01/2019
 Income Tax Appellate Tribunamumbai Benchemumbai Consolidated Cause List Of SA/ Maj Pronouncement For Friday 11.01.2019
By CA Rashmi Sharma
Income Tax Appellate Tribunamumbai Benchemumbai Consolidated Cause List Of SA/ Maj Pronouncement For Friday 11.01.2019
 Income Tax Appellate Tribunal: Chandigarh Benches: Chandigarh Revised Constitution Of Chandigarh Benches From: 17'12.2018 To 21.12.2018 & 24.12.2018 To 28.12.2018,
By CA Andrew F Thomas
Income Tax Appellate Tribunal: Chandigarh Benches: Chandigarh Revised Constitution Of Chandigarh Benches From: 17'12.2018 To 21.12.2018 & 24.12.2018 To 28.12.2018,
 Income Tax Appellate Tribunal : Kolkata Benches : Kolkata Consolidated list of Orders ready for Pronouncement on 19 /12/2018.
By CA Nilesh Sahu
Income Tax Appellate Tribunal : Kolkata Benches : Kolkata Consolidated list of Orders ready for Pronouncement on 19 /12/2018.
More »
Finance Bills   RSS Feeds
 The Companies (Removal Of Difficulties) Seventh Order - dated 4th Sept 2014 New
By CA Manu T George
Whereas the Companies Act, 2013 (18 of 2013) (hereinafter referred to as the said Act) received the assent of the President on the 29th August, 2013 and section 143 of the Act,
 Finance & Commerce Ministry to discuss draft BIPA model tomorrow
By CA Nilesh Sahu
Officials of the finance and the commerce and industry ministries are scheduled to discuss the issues related to the draft text of the Bilateral Investment Promotion and Protection Agreement (BIPA) tomorrow.
 Union Finance Minister Shri Arun Jaitley said that the revenue targets fixed for Direct Taxes for the current Financial Year 2014-15 would not only be achieved but would also be surpassed
By CA Nilesh Sahu
The Union Finance Minister Shri Arun Jaitley hoped that the revenue targets fixed for Direct Taxes for the current Financial Year 2014-15 would not only be achieved but would also be surpassed.
 Finance ministry may pitch for higher tax exemption on health insurance
By CA Mayank Jain
The finance ministry is likely to pitch for a substantial increase in the income-tax exemption limit for health insurance as part of its plan to deepen insurance coverage. The ministry is examining a proposal that seeks to double the limit to 30,000 from 15,000.
 Finance minister reviews annual performance of public sector banks and financial institutions for 2013-14; calls for tougher action against wilful defaulters; highest ever more than 10,000 new branches opened during 2013-14
By CA Devender Singh
The Union Finance Minister Shri P. Chidambaram said that the last Financial Year 2013-14 was a difficult year even though there was positive movement towards greater stability.
 India Infrastructure Finance Company to raise Rs 7,000 crore through tax-free bonds
By CA Manu T George
State-owned India Infrastructure Finance Company (IIFCL) plans to raise Rs 7,000 crore via a public issue of tax-free bonds in October, according to a senior company official
 Finance Ministry hopes RBI focusses on promoting growth in policy tomorrow
By CA Atul Gupta
Ahead of tomorrow's monetary policy review, the Finance Ministry has expressed the hope that Reserve Bank will focus on promoting growth.
More »
Placements & Empanelment   RSS Feeds
  25 LPA-Opening Finance Manager for MNC Manufacturing
By CA Devender Singh
Salary: INR 22,50,000 - 25,00,000 P.A., Functional Area:Accounts , Finance , Tax , Company Secretary , Audit, PG:CA, MBA/PGDM - Any Specialization, Finance
 20 LPA-Opening Senior Manager- Finance APAC
By CA S K Verma
Salary: INR 10,00,000 - 20,00,000 P.A., Functional Area:Accounts , Finance , Tax , Company Secretary , Audit, PG:CA
 40 LPA-Opening Sr. Program Manager-finance
By CA Ojas Aggarwal
Salary: INR 30,00,000 - 40,00,000 P.A., Functional Area:Accounts , Finance , Tax , Company Secretary , Audit, PG:CA
 90 LPA-OPening Chief Financial Officer
By CA Atul Gupta
Salary: INR 40,00,000 - 90,00,000 P.A., Industry:Banking / Financial Services / Broking, PG:CA
  25 LPA-Opening V P/ Genaral Manager- Accounts & Taxation- CA
By CA Mayank Jain
Salary: INR 20,00,000 - 25,00,000 P.A., Functional Area:Accounts , Finance , Tax , Company Secretary , Audit, PG:CA
 33 LPA-Opening Avp-product Control
By CA Manu T George
Salary: INR 18,00,000 - 33,00,000 P.A., Functional Area: Accounts, Finance, Tax, Company Secretary, Audit
 30 LPA-Opening Chief Manager-accounts and Finance
By CA Rashmi Sharma
Salary: INR 15,00,000 - 30,00,000 P.A., Functional Area:Accounts , Finance , Tax , Company Secretary , Audit, PG:CA
More »
Direct Tax   RSS Feeds
 The impact & significance of tax changes
By CA Devender Singh
No one expected the last (albeit interim) Budget of the current government to be a humdrum affair.
 Auction for Sale (Re-issue) of Government Stock (GS) February 15, 2019
By CA Andrew F Thomas
The Government Stock up to 5% of the notified amount of the sale will be allotted to eligible individuals and institutions as per the enclosed Scheme for Non-competitive Bidding Facility in the Auctions of Government Securities (Annex).
 How to use it to pay tax online to avoid query from I-T Department
By CA Nilesh Sahu
Additional taxes may become payable due to deduction of insufficient TDS or when interest income or income from some other sources are added to main source of income.
 Income Tax Return (ITR) filing: This much TDS you pay on income from Post office savings, PPF, Sukanya Samridhi, Kisan Vikas Patra saving account; but there's a catch
By CA Devender Singh
TDS is also levied on your income from national savings schemes. For your information, a 10% TDS each is deducted from your government notified saving schemes.
 How scrapping of tax on notional rent on second house will affect individual taxpayers
By CA Atul Gupta
The government’s move to make two self-occupied houses tax-free will especially benefit the middle-class taxpayers in India. It is no secret that the growth of the Indian real estate sector has been slow in recent years, but the announcements made in the Interim Budget 2019-20 could very well change that.
 Panel drafting direct tax law seeks 30-day extension
By CA S K Verma
The Centre in November had reconstituted the task force to review the Income-tax Act and to draft a new direct tax law, appointing Central Board of Direct Taxes (CBDT) Member Akhilesh Ranjan as the new convenor of the panel.
 Filled ITR but not submitted it till July 31? You'll have to re-fill using updated forms
By CA Manu T George
While extension of the income tax return (ITR) filing deadline may have brought relief for tax assessees who had delayed filing till the end, there is some pain in store for them.
More »
Tenders   RSS Feeds
 National Textile Corporation Limited, New Delhi, Delhi
By CA S K Verma
National Textile Corporation Limited intends to appoint Chartered Accountant/Cost Accountant firm as Internal Auditors for undertaking the Internal Audit work of our 23 Mills and 2 Regional Offices i.e. WRO and SRO across India and one Central Internal Auditor for the year 2019-20.
 Security Printing And Minting Corporation Of India Limited, Delhi
By CA Ojas Aggarwal
Interested tenderers may obtain further information about this requirement from the above office.
 Bihar Rural Roads Development Agency, Patna
By CA S K Verma
Bihar Rural Roads Development Agency (BRRDA), a Society under Rural Works Department, Government of Bihar is engaged in implementation of PMGSY and other state schemes in area of rural roads connectivity in the state through 108 PIUs / works divisions of Rural Works Department.
 Union Bank Of India, Maharashtra
By CA Ojas Aggarwal
Union Bank of India invites applications from eligible/interested Chartered Accountant Firms for empanelment as Concurrent Auditors for conducting Concurrent Audit in the identified Branches / Offices for the period from 01.04.2019 to 31.03.2020.
 Tata Institute Of Social Sciences, Mumbai, Maharashtra
By CA Devender Singh
Interested Audit Firms are requested to submit their application in prescribed PROFORMA for Technical BID (Audit Experience/Capability Criteria) given in Annexure III and Financial BID (Professional Fee) given in Annexure IV, after carefully going through the Scope of Work, Term of Reference, Eligibility Criteria and Important Instructions given in Annexure I & II.
 Department Of Electronics And Information Technology, New Delhi
By CA S K Verma
Software Technology Parks of India invites proposal from the lead Chartered Accountant/Cost Accountant firms for appointment as Internal Auditor of STPI- HQ and its Centres/Sub-centres for F.Y. 2019-20. The details of RFP are as under:
 Indian Institute Of Management, Uttarakhand
By CA Manu T George
Indian Institute of Management Kashipur, an autonomous institution, funded by the MHRD, Govt. of India, is dedicated offering world class programme in Management education.
More »
Transfer Pricing   RSS Feeds
 General Insurance Corporation Of India, Mumbai, Maharashtra
By CA Ojas Aggarwal
This E-Tender document is not an agreement or offer by General Insurance Corporation of India (hereinafter to be referred as GIC Re) to the prospective Bidders or any other party. The purpose of this E-Tender document is to provide interested parties with information to assist the formulation of their Bid.
 Air India Limited, Multi Location, Multi State
By CA Atul Gupta
The information contained in this TENDER or subsequently provided to bidder(s) whether verbally or in documentary or in any other form or on behalf of Air India, is provided to the bidder(s) on the terms and conditions set out in this TENDER and such other terms and conditions subject to which such information is provided.
  Edcil India Limited, New Delhi
By CA Manu T George
Appointment of Chartered Accountant Firm / Practicing Chartered Accountant to undertake work of Internal Audit for its Corporate Office at Noida and its Branch offices at Barakhamba Rd. New Delhi.
 Edcil India Limited, New Delhi
By CA Rashmi Sharma
Appointment of Chartered Accountant Firm / Practicing Chartered Accountant to undertake work of Internal Audit for its Corporate Office at Noida and its Branch offices at Barakhamba Rd. New Delhi.
 Indian tax authority sets new CbC reporting deadline for US subsidiaries
By CA Andrew F Thomas
In India, the 2016 Finance Act introduced a three-tiered transfer pricing documentation regime with a view to aligning the Indian transfer pricing documentation rules with Action 13 of the OECD’s base erosion and profit shifting (BEPS) project.
 Private Company, New Delhi
By CA Manu T George
Mobile Creches for working mother's children, invites Expression of Interest (EOI) from reputed Indian Chartered/Cost Accountant Firms (Part nersh Internal Audit for the year 2019- 20.
 Motilal Nehru National Institute Of Technology, Allahabad, Uttar Pradesh
By CA Rashmi Sharma
Motilal Nehru National Institute of Technology invites most competitive quotation from the eligible chartered accountant firms as per the terms & conditions mentioned in the tender document.
More »
Customs and Excise   RSS Feeds
 Notification No.05/2019 - Customs (N.T.) Central Board Of Indirect Taxes And Customs
By CA Manu T George
In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Indirect Taxes and Customs No.02/2019
 Notification No. 03/2019-Customs (ADD) Ministry of Finance
By CA Nilesh Sahu
Whereas, in the matter of import of ,,Jute Products namely, Jute Yarn/Twine (multiple folded/cabled and single), Hessian fabric, and Jute sacking bags (hereinafter referred to as the subject goods) falling under Tariff Headings 5307, 5310, 5607 or 6305 of the First Schedule to the Customs Tariff Act, 1975
 Notification No.3/2019 - Customs Central Board Of Indirect Taxes And Customs
By CA Manu T George
In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes and Customs hereby makes the following amendments in the Notification of the Central Board of Indirect Taxes and Customs No.2/2019-CUSTOMS (N.T.), dated 3rd January, 2019
 Notification No. 79/2018 – Central Board of Indirect Taxes and Customs
By CA Ojas Aggarwal
In exercise of the powers conferred by sub-section (1) of section 5 of the Central Goods and Services Tax Act, 2017 (12 of 2017)
 Clarification with respect to amendments to Customs and Central Excise notifications
By CA Andrew F Thomas
EOU/EHTP/STP/BTP schemes are governed by Chapter 6 of Foreign Trade Policy (FTP), duly supported by the relevant Customs and Central Excise otifications. These notifications have now been amended in order to align them with the present Foreign Trade Policy (FTP), 2015-2020,
 Procedure for disposal of un-claimed/un-cleared cargo under section 48 of the Customs Act, 1962, lying with the custodians
By CA Nilesh Sahu
Despite the issuance of many circulars, the feedback relating to disposal of unclaimed/uncleared cargo at all Customs locations has not been fully satisfactory.
 Notification No. 95/2018-CUSTOMS (N.T.)
By CA Ojas Aggarwal
In exercise of the powers conferred by sub-section (2) of section 75 of the Customs Act, 1962 (52 of 1962) and sub-section (2) of section 37 of the Central Excise Act, 1944 (1 of 1944), read with rules 3 and 4 of the Customs and Central Excise Duties Drawback Rules, 2017
More »
Mergers and Acquisitions   RSS Feeds
  India rakes in the deals as 2018 witnesses a boom in mergers and acquisitions
By CA Andrew F Thomas
India might be looking at its biggest boom in mergers and acquisitions deals, after transactions involving Indian companies witnessed a massive surge. Investment bankers are already preparing for more dealmaking in the future.
  India rakes in the deals as 2018 witnesses a boom in mergers and acquisitions
By CA Nilesh Sahu
India might be looking at its biggest boom in mergers and acquisitions deals, after transactions involving Indian companies witnessed a massive surge. Investment bankers are already preparing for more dealmaking in the future.
  Top 7 M&A deals in India: Who joined hands with whom and for how much?
By CA Devender Singh
The latest merger and acquisition (M&A) story in the pharmaceutical sector involves Dr Ranjan Pai and TPG who are to invest a whopping Rs 3,900 crore in Manipal Hospitals, for which a de-merger approved has been received by Fortis Healthcare’s board. Is the season for M&A deals around the corner?
 Deals of the day-Mergers and acquisitions February 6, 2019
By CA Nilesh Sahu
Uniper said on Tuesday it would start fresh talks with its biggest shareholder, Finland’s Fortum , about future cooperation, renewing investor hopes that there could be a full takeover of the German energy group.
 Deals Of The Day-Mergers And Acquisitions January 31, 2019
By CA Devender Singh
British private equity firm Actis plans to instigate an investor vote from next week on its proposed takeover of one of Abraaj’s biggest funds, seeking indemnity from potential legal claims against the Dubai buyout group, said a source close to Actis.
 India merger and acquisitions reached all time high in 2018: Thomson Reuters Data
By CA Manu T George
Number of announced deals also grew 17.2% from a year ago and witnessed the busiest annual period since records began in 1980, it said. The average M&A deal size for transactions with disclosed values increased to US$127.8 million in 2018 compared to US$82.8 million over the same period last year.
 The Indian merger control regime - A quick snapshot of the key highlights of 2018
By CA Devender Singh
2018 witnessed generally swift and speedy approvals by the CCI. Yet again the CCI showed its maturity whether it was dealing with cases under the new Insolvency and Bankruptcy Code 2016
More »
Indirect Tax   RSS Feeds
 Top 30 Income Tax Judgments in 2018
By CA Andrew F Thomas
The year 2018 has been a very significant one to the taxation regime due to some important reforms in the laws and procedures. The contribution of the judiciary including the Supreme Court and various High Courts and Tribunals cannot be ignored. Some of the significant tax judgments delivered by the Indian judiciary in this year have been enlisted below.
 Urban Development and Housing Department, Chakradharpur, Jharkhand
By CA Devender Singh
Though adequate care has been taken while issuing this RFP, the applicant Chartered Accountant/ Cost Accountant Firm should satisfy himself that the document is complete in all respects. Intimation of any discrepancy shall be given to this office (as mentioned below) immediately.
 National Rural Health Mission, Faridabad - Haryana
By CA S K Verma
The Civil Surgeon Gurugram shall have the authority to cancel the tender process if does not find a suitable tender.
  Govt fails to release exporters’ pending sales tax refund claims
By CA Ojas Aggarwal
Billions of rupees of exporters in DDT and DLTL has been stuck up with the government causing great sufferings to the already burdened exporters who are now at a loss to understand how to make both ends meet and such an alarming situation will ruin the export business of the Value Added Textile Exporters.
 Govt fails to release exporters’ pending sales tax refund claims
By CA Atul Gupta
Billions of rupees of exporters in DDT and DLTL has been stuck up with the government causing great sufferings to the already burdened exporters who are now at a loss to understand how to make both ends meet and such an alarming situation will ruin the export business of the Value Added Textile Exporters.
 How is dividend income taxed Here’s all you need to know
By CA Nilesh Sahu
With the soaring cost of living, it has become imperative for the common man to look for alternate sources of income. One of the commonly preferred source is investment in stocks and mutual funds as it provides lucrative returns in the form of dividend, as compared to other investment sources such as bank deposits and fixed deposits.
 How is dividend income taxed Here’s all you need to know
By CA Devender Singh
With the soaring cost of living, it has become imperative for the common man to look for alternate sources of income. One of the commonly preferred source is investment in stocks and mutual funds as it provides lucrative returns in the form of dividend, as compared to other investment sources such as bank deposits and fixed deposits.
More »
Various Acts & Rules   RSS Feeds
 Customs Tariff 2009-10 - PART-II - Chapter 98 - Project imports, Laboratory chemicals, passenger's baggage
By CA Atul Gupta
This Chapter is to be taken to apply to all goods which satisfy the conditions prescribed therein, even though they may be covered by a more specific heading elsewhere in this Schedule.
 Customs Tariff 2009-10 - PART-II - Chapter 97 - Works of art, collectors' pieces and antiques
By CA Atul Gupta
Unused postage or revenue stamps, postal stationery (stamped paper) or the like of heading 4907
 Customs Tariff 2009-10 - PART-II - Chapter 96 - Miscellaneous manufactured articles
By CA Mayank Jain
Articles of Chapter 66 (for example, parts of umbrellas or walking-sticks);
 Customs Tariff 2009-10 - PART-II - Chapter 95 - Toys, games and sports requisites; parts and accessories thereof
By CA Ojas Aggarwal
Toys, games and sports requisites; parts and accessories thereof
 Customs Tariff 2009-10 - PART-II - Chapter 94 - Furniture; bedding, mattresses, mattress supports
By CA Atul Gupta
Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated signs, illuminated name-plates and the like; prefabricated buildings.
 Customs Tariff 2009-10 - PART-II - Chapter 93 - Arms and ammunition; parts and accessories thereof
By CA Nilesh Sahu
telescopic sights or other optical devices suitable for use with arms, unless mounted on a firearm or presented with the firearm on which they are designed to be mounted (Chapter 90);
 Customs Tariff 2009-10 - PART-II - Chapter 92 - Musical instruments; parts and accessories of such articles
By CA Devender Singh
parts of general use, as defined in Note 2 to Section XV, of base metal (Section XV), or similar goods of plastics (Chapter 39);
More »
Department of Companies Affairs   RSS Feeds
 Impose tax on windfall profits of pvt oil cos: CPM tells Govt
 Taxes fuel petrol, diesel prices globally
 Department of Economic Affairs seeks hike in spectrum fee
 Rising yen gives companies the jitters
 ROC Forms
 ROC Circulars
 ROC Notifications
More »
Help   RSS Feeds
 Query
 Suggestions
 Information
 Results
More »
Home | About Us | Terms and Conditions | Contact Us
Copyright 2019 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Team

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions