PF Circular on definition of ‘basic wages’ Kept in Abeyance

PF Circular on definition of 'basic wages' Kept in Abeyance Posted: 22 Dec 2012 07:22 PM PST The EPFO has decided to keep the circular No. HO No. 7(1)2012/RCs Review Meeting/345 dated 30/11/2012  on Guidelines for Quasi-judicial proceedings under Section 7A of the Employees' Provident Funds & Miscellaneous Provisions Act, 1952 in abeyance with immediate effect and till further... Appeal by the Department in Supreme Court – Guidelines to Avoid & Mistakes Posted: 22 Dec 2012 07:06 PM PST After going through several decisions of the Hon'ble Supreme Court and the nature of defects in relation to the appeals as pointed out by the Registry, certain common discrepancies/mistakes are noticed which are outlined below : ICAI – List of Candidates elected to Central Council from Western Region Posted: 22 Dec 2012 06:31 PM PST SR. NO     NAME OF CANDIDATE – Central COUNCIL(west) 24.            Zaware Shiwaji Bhikaji-Pune 22.            Shah Dhinal Ashvinbhai-Ahmedabad 13.            Jambusaria Nihar Niranjan-Mumbai 23.            Vikamsey Nilesh Shivji-Mumbai 1.             Adukia Rajkumar Satyanarayan-Mumbai... All about Point of Taxation in Service Tax Posted: 22 Dec 2012 01:18 AM PST  CA Sanjeev Singhal The Point of Taxation The rules were made applicable from 1.7.2011. The introduction of these rules has shifted the liability to pay tax from cash basis to accrual basis . Input credit can be availed on the basis of invoice when such invoice has been received. Basic Concept A]... Cash Reserve Ratio (CRR) What, When and Why Posted: 22 Dec 2012 01:04 AM PST In the present days if you go for any news channels or news papers, then you come to hear about CRR. RBI had not changed the rates of CRR, in spite of tightening on the liquidity front due to advance tax outgo. The banks' borrowing from the RBI has gone up to Rs 1,46,300 crore, [...] Client coordination fees cannot be termed as royalty Posted: 22 Dec 2012 12:40 AM PST The Commissioner (Appeals) held that the client coordination fees paid to the assessee cannot be termed as royalty because it is not a consideration for the use of right or to use any of the specified terms mentioned in the definition of royalty under Article 12 of Indo US DTAA; the observation of... Loss from trading in Shares to Dr. Reddy held as speculative in view of Explanation to S. 73 Posted: 22 Dec 2012 12:30 AM PST The transaction of purchase and sale of shares would be held as speculative business only if the company was hit by the Explanation to section 73. The implication of the Explanation is that if a company incurs a speculation loss in a manner deemed in the explanation such loss shall not be set off... Text of Provisions related to Cost Accountant in Companies Bill,2011 Posted: 21 Dec 2012 08:39 PM PST Incorporation of company - 7. (1) There shall be filed with the Registrar within whose jurisdiction the registered office of a company is proposed to be situated, the following documents and information for registration, namely:— (a) the memorandum and articles of the company duly signed by all the... Regarding Implementation of Direct Cash Transfers under various schemes in EPFO Posted: 21 Dec 2012 07:44 PM PST The schemes of the EPFO involving transfer of benefits to the beneficiaries namely Pension, withdrawal of Provident Fund, premature withdrawal of Pension, Payment related to EDLI have been identified by Government for implementation of Direct Cash Transfers from 1StJanuary, 2013 in 43 pilot...