How to view online EPF Account Passbook & FAQ Posted: 14 Aug 2012 06:48 PM PDT 1. Register online to view your EPF Account Passbook. 2. The facility at present is only for the members for whom the employer has uploaded the Electronic Challan Cum Return for the wage month of May 2012 onwards. 3. There is no need to create and remember any user id and password. You have to use... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
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How to beat Inflation by Investing Posted: 14 Aug 2012 06:32 PM PDT On one hand where inflation is not coming under control and on the other, economic slowdown, globally as well as domestically, resulting in curb on income streams, it becomes imperative for people to work out for some additional source of income to either bridge the gap or earn more to continue to... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
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An Overview of Cost Audit Order issued under section 233B Posted: 14 Aug 2012 06:28 PM PDT According to the Institute of Cost and Management Accountants of England, Cost Audit is defined as the verification of Cost Accounts and a check on the adherence to the Cost Accounting plan. The cost audit therefore comprises: (a) the verification of the cost accounting records such as the accuracy... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
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Service Tax on Real Estate – A Practical Perspective (Part – A) Posted: 14 Aug 2012 06:17 PM PDT This article aims to discuss few essential issues that require to be addressed in light to the changes brought by negative list provisions, the jeopardy created by the board's circulars and complexity of structures adhered to in this industry. Broadly the article shall cover the aspects as... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
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It is mandatory for foreign company to file return of income to take benefit of DTAC – AAR Posted: 14 Aug 2012 05:54 PM PDT Whether the applicant is required to file its return of income under section 139 of the Act, in case, its capital gains is not chargeable to tax in India is question no.6 posed. It has been found that though the applicant would be chargeable to capital gains tax on the proposed sale of shares under... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
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Direction given by the BIFR is binding on Assessing Officer Posted: 14 Aug 2012 12:26 PM PDT The Sick Industrial Companies (Special Provisions) Act, 1985 is a Central Act having legal sanctity. It has got overriding effect on any other provisions of any other Act except the provisions of FERA 1973 and Urban Land (Ceiling Act & Regulation) Act, 1976. Therefore, the directions of the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
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TDs deductible on non-refundable 'upfront charges' for leased asset Posted: 14 Aug 2012 12:20 PM PDT As per the assessee, since it had received a benefit of enduring nature, the outgo was on capital account and it had acquired an asset by making such payment. There cannot be any quarrel on this argument. The assessee had derived an interest in the property since leasehold interest is a valuable... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
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Unabsorbed depreciation can be claimed even if return is filed belatedly Posted: 14 Aug 2012 12:13 PM PDT In the instant case, the assessee had claimed set off and carry forward of unabsorbed depreciation to be made against the profits and gains of the business of the succeeding year. The said claim of the assessee was rejected by the Assessing Officer as the return of income in the assessment year was... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
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Trust cannot take dual benefit in the form of application of income & depreciation Posted: 14 Aug 2012 12:01 PM PDT If the assessee treats expenditure on acquisition of assets as application of income for charitable purposes under section 11(1)(a) and if the assessee claims depreciation on the value of such assets, then in order to reflect the true income to be available for application for charitable purposes,... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
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Eligibility of a paid assistant working with a firm of CAs for the purpose of engagement of articled assistants Posted: 13 Aug 2012 09:29 PM PDT This is to inform all concerned that with the issuance of the Notification No.1-CA (7)/145/2012 on August 1, 2012, the period of employment of a paid assistant with the same firm of Chartered Accountants for the purpose of engagement of articled assistants has been increased from twelve months to... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
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No statutory compulsion on companies to declare and pay dividends every year Posted: 13 Aug 2012 12:27 PM PDT The data regarding companies which have not given dividend to their shareholders is not maintained in this Ministry. Further, there is no statutory compulsion on the companies under the Companies Act 1956 to declare and pay dividends to their shareholders every year. [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
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Eligibility of a paid assistant working with a firm of CAs for the purpose of engagement of articled assistants Posted: 13 Aug 2012 12:11 PM PDT This is to inform all concerned that with the issuance of the Notification No.1-CA (7)/145/2012 on August 1, 2012, the period of employment of a paid assistant with the same firm of Chartered Accountants for the purpose of engagement of articled assistants has been increased from twelve months to... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
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Activities of ROC and SFIO Posted: 12 Aug 2012 09:30 PM PDT The ROC and Serious Fraud Investigation Office (SFIO) are not engaged in similar work. ROCs primarily work as Registrar/Regulators for administration of the various provisions of the Companies Act, 1956 and SFIO is responsible for investigation of serious nature of financial irregularities/frauds... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
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No exemption provided to any Sector under the Competition Act, 2002 Posted: 12 Aug 2012 09:24 PM PDT The Competition Act, 2002 does not provide exemption to any sector including telecom and banking sectors from its ambit. This was stated in the Rajya Sabha by Shri R.P.N. Singh, Minister of State in the Ministry of Corporate Affairs in reply to an USQ question today. Department of Financial... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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