MSSIDC Invites Application For In-House CA On Contract – Mumbai, Maharashtra

MSSIDC

In-house Chartered Accountant

Maharashtra Small Scale Industries Development Corporation Ltd.

Address: Krupanidhi, 9, Walchand Hirachand

Salman Khan vs. ACIT (ITAT Mumbai)

Salman Khan vs. ACIT (ITAT Mumbai)

S. 271(1)(c): Relief by CIT(A) on merits (though reversed by ITAT) means claim is debatable

The assessee, a film actor, went to Jodhpur for shoot for a Hindi movie called “Ham Sath Sath Hain”. During his stay at Jodhpur, he was implicated in criminal proceedings on the allegation that he shot a black buck, an endangered specie. He was arrested by the local police and in order to get himself released, he had to engage lawyers. The criminal proceedings as a result of this case have continued thereafter and the assessee has been regularly incurring legal expenses to defend himself and obtain exemptions from the personal hearings from this case. He contended that if he had not defended

Related party transaction

-

​http://www.thehindubusinessline.com/opinion/out-with-it/article6268528.ece?homepage=true

Companies cannot hide related party deals

The new companies Act is so replete with words such as arrest, imprisonment, fraud and penalty that many joke it was composed by the CBI! So lengthy and complex is the new law that even an offender will be caught unawares by the clause he is breaching. That said, the impact of the new Act is already being felt.
Take the recent disclosures on related party transactions. The rigorous disclosure requirements of Section 188 of the new Act has brought to light something that was hidden in the balance sheet of Cairn India — a ₹7,500 crore loan it had given to a

CRET Questionnaire - (24-07-2014)

ICAI conducts periodic review of the system of Education and Training so that it is responsive to changing environment both at national and international levels. In consonance with this policy, the Council of ICAI has set up the present Committee for Review of Education and Training (CRET), to review the existing system of education and training including the curriculum and to examine

TROUBLE SHOOTING GUIDE FOR PROBLEMS IN ACCESSING WWW.INCOMETAXINDIAEFILING.GOV.IN

TROUBLE SHOOTING GUIDE FOR PROBLEMS IN ACCESSING WWW.INCOMETAXINDIAEFILING.GOV.IN

Since ICAI was reported of the difficulties being faced while uploading the income tax returns in the e-filing website, the matter was taken up with appropriate authorities. The authorities have shared a

ICAI invites suggestions on the revised formats of Form Nos. 3CA, 3CB and 3CD

ICAI invites suggestions on the revised formats of Form Nos. 3CA, 3CB and 3CD

“Big Data” Listed as Top Issue Facing Forensic and Valuation Professionals in Next Two to Five Years: AICPA Survey

NEW YORK (July 22, 2014) – In an environment where the exponential growth of information available is changing the way many businesses operate, CPAs working in the forensic and valuation areas have identified big data as the most pressing issue they’ll face in the near future. In addition, 85 percent of respondents to the 2014 AICPA Survey on International Trends in Forensic and Valuation Services anticipate an increase in the amount of time they spend on electronic data analysis in the near future.
One in four (25 percent) respondents selected electronic data analysis – better known as big data –

Expression of interest from Chartered accountant firms for audit of Maharashtra State Co-Operative Marketing Federation Limited

Maharashtra State Co-Operative Marketing Federation Limited
Last Date : 07/08/2014
Expression of interest from Chartered accountant firms.

Address: Maharashtra State Co-Operative Marketing Federation Limited,Kanmoor House,Narshi Natha Street,P.B.No.5080.Masjid Bunder,Mumbai-400009.
Phone: 23752294
Email: mscmf@gmail.com

Vacancy for CA in JP Morgan

CIB Operations (India Operations) is part of the JP Morgan Services India Private Limited; the captive shared services center of JPMorgan in India. CIB is committed to providing operations of the highest quality and our integrated excellence to wide spectrum of banking operations 

Broad Line of businesses under the CIB Ops - India umbrella is Banking Operations, Investor Services, Market Operations, Wholesale Loan Operations & Whole Sale Operation units.

Businesses under each LOBs are as follows

Result of the Chartered Accountants Final Examination held in May/June, 2014 is likely to be declared on Friday, the 8th August, 2014 - (30-07-2014)

Result of the Chartered Accountants Final Examination held in May/June, 2014 is likely to be declared on Friday, the 8th August, 2014 - (30-07-2014)

‘Javed Akhtar’ got 50% deduction for getting replaced his Society’s lift benefitting his professional work

July 30, 2014[2014] 46 taxmann.com 395 (Mumbai - Trib.)

IT : Where assessee had incurred expenditure on replacement of new lift to remove hardship and inconvenience to his professional work as well as family life due to frequent

Format of New Tax Audit Report (Form 3CD) in Ms Excel Format for AY 2014-2015

Format_NEW Form 3CD in Excel.xlsx

Request for expression of interest for consultancy services for selection of chartered accountant firm for audit of back ended subsidy of agriculture produce market committees.

Maharashtra Agricultural Competitiveness Project
Last Date : 31/07/2014
Request for expression of interest for consultancy services for selection of chartered accountant firm for audit of back ended subsidy of agriculture produce market committees.

Vacancy for CA/ICWA in J&k Minerals Limited

Jammu and Kashmir Mineral Limited invited application for recruitment of 42 Various Posts. The candidates eligible for the post can apply through prescribed format before 14 August 2014.
Important Dates

• Opening Date for Registration: 24 July 2014
• Closing Date for Registration: 14 August 2014

Taxpayers and CAs are advised that any upload using the old Forms will not be valid even for previous AYs in view of the notification of CBDT.

The existing Form No. 3CA, Form No. 3CB and Form No. 3CD have been

substituted vide Notification No.33 dated 25/07/2014 with immediate effect.

Taxpayers and CAs are advised to await the release of the new schema and

FINANCE BILL AS PASSED BY LOKSABHA

Finance_Bill_Passed_by_Lok_Sabha.pdf

Expression of Interest from Reputed & experience chartered accountant firms Navi Mumbai Municipal Transport Undertaking

Navi Mumbai Municipal Transport Undertaking
Last Date : 12/08/2014
Expression of Interest from Reputed & experience chartered accountant firms.

Address: Navi Mumbai Municipal Transport Undertaking Mumbai Maharashtra

Key takeaways from new Form No. 3CD

[2014] 47 taxmann.com 342  (Article)

Key takeaways from new Form No. 3CD

The CBDT has notified Income-tax (7th amendment) Rules, 2014 which substitutes the existing Form No. 3CD with a new form. The new Form 3CD prescribes certain new reporting clauses and substitutes some existing clauses with new ones. The new form requires tax auditor to

IT: Where there was non-application of mind while considering assessment under section 143(3) and procedure adopted would have implication on tax computation which ultimately caused prejudice to revenue,

IT: Where there was non-application of mind while considering assessment under section 143(3) and procedure adopted would have implication on tax computation which ultimately caused prejudice to revenue, matter was

Vacancy for CA in E&Y

Job Description 

IAM Consultant - GSS0009F

IN-Kerala-Trivandrum

Job Description

Minimum 6 years IAM experience with 2 + years’ experience in leading large strategic projects and programs. Experience in one or more enterprise-level Identity management solutions is a must. Candidate should have good information security background.

Client Responsibilities

• Responsible for leading and designing Identity & Access Management (IAM) technical architectures for EY GSS

Apple cuts price of Macbook Pro by Rs 11,000

NEW DELHI: Tech giant Apple has reduced the price of its 13-inch non-Retina MacBook Pro by Rs 11,000 to Rs 78,900. The California-headquartered firm also updated MacBook Pro with Retina

Appointment of Firms of Chartered accountants for Allotment of Statutory audits.

Rajiv Gandhi Jeevandayee Arogya Yojana Society
Last Date : 30/07/2014
Appointment of Firms of Chartered accountants for Allotment of Statutory audits.

RBI - FEMA RELATED CIRCULARS

http://www.indiantaxhome.com/2014/07/liberalised-remittance-scheme-lrs-for.html

Liberalised Remittance Scheme (LRS) for resident individuals-Increase in the limit from USD 75,000 to USD 125,000

Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to the guidelines regarding the Liberalised Remittance Scheme (LRS) for Resident Individuals (the Scheme).

Central Council of Cost Accountants of India resigns

• 

(The entire central council…)

MUMBAI/KOLKATA: The row over the Cost Audit Rules introduced under the Companies Act has reached a flash point as the entire central council of the Institute of Cost Accountants of India (ICAI) submitted its resignation to Finance Minister Arun Jaitley, who also has the charge of the corporate affairs ministry.

The cost-audit mechanism-which is designed to establish the link between cost of inputs such as raw materials, labour and power and price of a product - can effectively counter profiteering and crony capitalism, according to

HOW TO RESET INCOME TAX E FILING PASSWORD - New Mechanism

New and Easier option to reset passwords has been made available  on the E Filing Site for the convenience of the tax payers. Complete Procedure to understand the mechanism of  Re setting  of

PAN of Prime Minister Relief

For the purpose of filing IT return you can use PAN as GGGGG0000G.

SEBI releases draft guidelines on infrastructure investment trusts

The Securities and Exchange Board of India (Sebi) released draft guidelines for infrastructure investment trusts (InvITs) to enable financing and investment opportunities in long-term infrastructure projects. The draft guidelines by Sebi follow the proposal made by finance

Why MCX India Stock is a clear buy

1) Rakesh Junjunwala has bought 4% stake in the company
2) Kotak Mahindra has entered into a deal with FTIL to buy 15% stake of MCX
3) Strong qtrly results are expected soon
4) It runs the largest commodity exchange in India with no notable competitors in this business.
5) Enjoys low employee cost
6) Robust management.
7) Has paid more than 200% dividend
8) Once transfer of stake sale is over bonus is expected.
9) At current price of 874 target of 1500 to 2000 is achievable within months.

Vacancy for CA/CA Inter in E&Y

Senior Financial Analyst - Global Finance Hub (FP&A) - IND002VT

Job purpose

• The key to the role is high level of financial analysis and an eye for detail.

SERVICE TAX EXEMPTION FOR ENVIRONMENTAL CAUSE

SERVICE TAX EXEMPTION FOR ENVIRONMENTAL CAUSE

Introduction:- The government led by Narendra Modi has made certain amendments that aim to streamline both social and environmental objects with a view to gain confidence of the public at large that supported them whole heartedly. One of such amendment is extension of exemption from the levy of service tax to the services provided with respect to Bio-medical waste treatment facility. With industrialization and technological advancement, it is also necessary to make proper measures and regulations as regards effective disposal and treatment of waste. Further, the waste that is generated from clinical establishments is more importantly required to be effectively disposed of as it is a waste that is capable of ruining the environment with incurable diseases which are highly communicable and may prove to be disastrous. Therefore, providing service tax exemption to operators of Common Bio-medical waste treatment facility is a appreciable step taken by the government that is for the benefit of public or say humanity at large.



Amendment in Mega Exemption Notification No. 25/2012-ST dated 20.06.2012:-

The Mega Exemption notification is being amended from time to time by way of insertion, deletion and modification of entries contained therein. Yet another entry 2B has been inserted vide Notification No. 6/2014 dated 11th July 2014 by this budget in the said notification after entry no. 2A

Impact of amendments on Investment in shares of Domestic Company

FINANCE (No.2) Bill, 2014 has proposed certain amendments which has significant impact on various facets of taxes in respect of investments in Indian companies. We have discussed the same in following paragraphs:

1. Grossing up of dividend distribution tax

Current provisions of Section 115-O of the Income-tax Act, 1961 (“the Act”) provides for levy of additional tax on domestic companies in respect of incomes distributed by them in the form of dividend. Such income is not chargeable to tax in the hands of shareholders vide Section 10(34) of

Appointment of Internal Auditors from Based Eligible CA Firms for Internal Audit Assignments for Financial Year 2014-15.

Tourism Finance Corporation Of India Limited
Last Date : 16/07/2014
Appointment of Internal Auditors from Based Eligible CA Firms for Internal Audit Assignments for Financial Year 2014-15.

Provident fund (PF) wage ceiling limit increased to Rs 15,000

Provident fund (PF) wage ceiling limit increased to Rs 15,000

The finance ministry has approved the proposal of the Employees’ Provident Fund Organisation’s (EPFO) to raise the monthly wage ceiling to Rs 15,000 (as against the earlier cap of Rs 6,500 per month).

Accordingly, an employee earning monthly wage ceiling up to Rs 15,000 will now be

Master Circular on Remittance Facilities for Non-Resident Indians / Persons of Indian Origin / Foreign Nationals - Master Circular - Dated 1-7-2014 - FEMA

RBI/2014-2015/8 Master Circular No. 8 /2014-15 July 01, 2014 To All Authorised Dealer Category – I banks and Authorised banks Madam / Sir Master Circular on Remittance Facilities for Non-Resident Indians / Persons of Indian Origin

MCA lays draft notification u/s 462 for Private Companies in Parliament

MCA lays draft notification u/s 462 for Private Companies in Parliament

CS Divesh Goyal

Companies Act, 2013 has brought massive changes for private companies as barring a very few, all the exemptions which were available to private companies under the

Companies Act, 1956 have been withdrawn in the Companies Act, 2013.

MCA has laid down the copy of the draft notification under section 462 of the Companies Act 2013 (“the Act”) on 24^th June, 2014 providing necessary exemptions to private company from the provisions of the Act. [PUBLISHED IN THE GAZETTE OF INDIA,

Vacancy for CA in Sahara India

ob Code : SAFFH030 Department : Finance & Accounts Post : Project Finance Job Profile : Handle day to day cash & bank operation Place of Posting : Mumbai No. of Vacancy : Phase I(0), Phase II(0), Phase III(1) and Total (1) Qualification : CA Experience (Yrs) : 5 - 7 In...read more

Bread Dosa recipe

Bread Dosa

By Sify Bawarchi

Total Time: 15 mins

Makes: 2

Difficulty: Easy

Ingredients

• Bread slices - 3 or 4

UPDATE AND VALIDATE TAXPAYER EMAIL ID AND MOBILE NUMBER FOR THEIR E-FILING ACCOUNT

UPDATE AND VALIDATE TAXPAYER EMAIL ID AND MOBILE NUMBER FOR THEIR E-FILING ACCOUNT

PRESS RELEASE, DATED 4-7-2014

A valid Email ID and Mobile Number has to be registered/updated on the e-filing website of the Income Tax Department so that direct communication with taxpayer can be possible. For details, taxpayers can logon to:

The best five hill-stations to be instead of where you really are - Bing Travel

The best five hill-stations to be instead of where you really are

IndiaToday | IndiaToday - Wed Jun 4 11:32:45 UTC 2014

The temperatures have risen beyond the level of comfort, air conditioning is on full blast, and if y...

If you have Windows 8, open this in Travel.

Wimbledon: Djokovic wins third set to go 2-1 up against Federer - The Times of India - Bing Sport

http://timesofindia.feedsportal.com/c/33039/f/533921/s/3c388b7b/sc/13/l/0Ltimesofindia0Bindiatimes0N0Csports0Ctennis0Cwimbledon0E20A140Ctop0Estories0CRoger0EFederer0Ewins0Efirst0Eset0Eagainst0ENovak0EDjokovic0Ein0EWimbledon0Efinal0Carticleshow0C37911260A0Bcms/story01.htm

The date is extended upto 10th July by the Co-op. Department for updation of data for empanelled auditors of co-op. societies.

The date is extended upto 10th July by the Co-op. Department for updation of data for empanelled auditors of co-op. societies. 

See the clarification hosted on their website:-

Multipurpose Empanelment Form for the year 2014-15 has been made live

Multipurpose Empanelment Form for the year 2014-15 has been made live at www.meficai.org on 1st July, 2014. Last date for submission of online form is 4th August, 2014.

ICAI launches Cloud Campus

Please visit http://cloudcampus.icai.org

ICAI launches Digital Library

Please visit www.icaidigitallibrary.org

ICAI launches Publications Online Store

Please visit https://icaionlinestore.org

Vacancy for CA/ICWA in Bosch India

Bosch in India is looking for Deputy General Manager Commercial in Goa.

Job Post Date: 21/5/2014

Reference no.: IN00003794

Candidate Profile:

1) CA/ICWA with first class.

On Chartered Accountants Day, a tweet from PM Modi

Prime Minister Narendra Modi marked the Chartered Accountants' Day on Tuesday with a tweet congratulating CAs.
"I congratulate my CA friends on Chartered Accountants Day & convey my best wishes. They have a

AICPA Launches Site on Future of Learning for CPA Profession

NEW YORK (June 30, 2014) – The American Institute of CPAs today launched a new website designed to spark a profession-wide reevaluation of how CPAs engage in lifelong learning and measure competency in a fast-changing world. 
The site, futureoflearning.aicpa.org, contains the findings of the AICPA Task Force on the Future of Learning – a working group of public accounting firm leaders, industry CPAs, regulators, association

No disallowance of borrowing cost by AO on pretext of it being capital in nature if it was utilized for business

July 1, 2014[2014] 45 taxmann.com 483 (Allahabad)

IT : Total preliminary expenses has to be apportioned and allowed in ten successive previous years

IT: Where genuineness of preliminary expenditure was not disputed, no

RBI directs banks to comply with new requirement prescribed in Form 15CA/15CB while remitting money to NRs

 REMITTANCES TO NON-RESIDENTS - DEDUCTION OF TAX AT SOURCE

A.P. (DIR SERIES)(2013-14) CIRCULAR NO. 151, DATED 30-6-2014

Attention of Authorised Dealers in Foreign Exchange is invited to A.P (DIR Series) Circular No. 56 dated November 26, 2002 read with A. P. (DIR Series) Circular No. 3 dated July 19, 2007 regarding the procedure to be followed in respect of deduction of tax at source while allowing remittances to the non-residents.

2. The Central Board of Direct Taxes (CBDT) has revised the existing instructions to be followed while allowing remittances to the non-residents, with effect from October 1, 2013. It has issued

IMPORTANT ITAT LUCKNOW ORDER - SANCTION U/s 151(2) BY CIT INSTEAD ON JCIT RENDERS THE NOTICE U/s 148 ILLEGAL AND CONSEQUENT REASSESSMENT IS QUASHED

jaiprakash ahuja-jcit-cit.pdf

Vacancy for CA in Standard Chartered Bank

Job Description
	Tax reporting Good in tax calculations
	Key Roles & Responsibilities
	Tax analysis Balance sheet consolidation
	Qualifications & Skills
	CA/ICWA
	Diversity & Inclusion
	Standard Chartered is committed to diversity and inclusion. We believe