CA NeWs Beta*: February 2015

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Saturday, February 28, 2015

Amendment of section 263 will have great impact

In section 263 of the Income-tax Act, in sub-section (1), the Explanation shall be numbered as Explanation 1 thereof and after Explanation 1 as so numbered, the following Explanation shall be inserted with effect from the 1st day of June, 2015, namely:— 

“Explanation 2.—For the purposes of this section, it is hereby declared that an order passed by the

Highlights of service tax budget 2015-16

Highlights of service tax budget 2015-16

👉The rate of service tax has been proposed to be increased from 12.36% to 14%. Education cess 2% and higher and secondary education cess 1% will be subsumed into new rate of 14%. It will come

SUKANYA SAMRIDHHI ACCOUNT V/S PPF

Features of both the accounts are almost similar, but the major drawback of SUKANYA SAMMRIDDHI ACCOUNT is

the INTEREST is taxable, where as in PPF the interest is exempted

Finance Bill 2015

Friday, February 27, 2015

Budget highlights 2015

Budget highlights :

-The latest CPI inflation is 5.1 % and whole sale price inflation is negative
-Current Account Deficit For FY15 To Be Below 1.3% Of GDP
-Embraced States As Equal Partners Of Growth
-Union Budget 2015-16 GST To Be In

YouTube isn't making money, even with a billion viewers

Despite "Gangnam Style" having over two billion views, hosting countless other viral clips and netting over a billion users per-month, YouTube can't seem to turn a profit. How's that? Well, after paying for the infrastructure that makes Google's video empire possible (and its content partners),

Thursday, February 26, 2015

Vacancy for CA in General Motors

Job Description 

Asst. Mgr. - Finance(A) - FIN0004879

Description

 
Primary job responsibilities:
-Lead the team of indirect tax professionals
-100% indirect tax compliance in terms of VAT, Excise and Service Tax

Vacancy for CA in JPMorgan Chase & Co.

Job Description 

CIB-Transaction Processing Mgr- VP - Mumbai-150015375

Job Description

 
About J.P. Morgan Corporate & Investment Bank

J.P. Morgan's Corporate & Investment Bank (CIB) is a global leader across banking, markets and investor services. The world's most important corporations, governments and institutions entrust us

Vacancy for CA / ICWA in Indian Drugs and Pharmaceuticals Limited

Name of post: Deputy. Manager/ Manager (Material)

Number of vacancies: 01 posts

Salary: 25000-30000/month

Candidate's profiles
Candidates should have passed Commerce/ Science Graduate, MBA in Material Management CA,

Vacancy for CA in E&Y

Job Description 

Senior Associate - Banking & Capital Market Research - GSS0016V
IN-Kerala-Kochi

·         Good exposure to Banking & Capital markets domain and a sound understanding of KPI’s in Banking industry

Vacancy for CA in Rajkot Municipal Corporation

Dy.G.M. (Civil)-01
Assistant Manager (Transportation)-01
HR Executive-01
Account Execuitve-01
Marketing Executive-01
Candidates age should be not more than 35 years as on last date of application.

Bihar State Road Development Corporation Ltd invites applications to recruit on vacant posts of Manager (Finance)

Bihar State Road Development Corporation Ltd invites applications to recruit on vacant posts of

3. Manager (Finance) – 01
Qualification- CA/CS/ICWA/MBA (Finance) with 3 Years Experience

Vacancy for CA/ICWA in KMRL

Jt. General Manager (Finance) – The candidate should be passed Qualified CA/ ICWA
•    Dy. General Manager (Finance) – The candidate should be passed Qualified CA/ ICWA
•    Asst. Manager (Revenue) – The candidate should be passed Qualified CA/ ICWAI/ MBA in Finance or equivalent
•    Asst. Manager (Accounts) – The candidate should be passed Qualified CA/ ICWAI/ MBA in Finance or equivalent
•    Asst. Manager (Costing) – The candidate should be passed Qualified CA/ ICWAI/ MBA in

Vacancy for CA/CS in PWC

Requirement Associate - Merger & Acquisitions - 6067/[2014]
Location
Openings 6 Experience 0.00 to 2.00 years
Education NA
Skills Regular articleship plus knowledge of tax
Job Description
Job Profile :
PwC’s M&A Tax & Regulatory practice provides end-to-end solutions for different types of domestic and cross-border transactions including mergers, demergers, acquisitions, divestitures, joint ventures, corporate restructuring, inbound and outbound advisory, transaction and business model structuring, due diligence and family arrangements.

Tuesday, February 24, 2015

MCA mandates IndAS from FY16-17

MCA mandates IndAS from FY16-17 for companies having net worth above Rs 500 crore; notifies

ST - Refund - Vodafone case - Revenue pays interest of Rs.4,37,95,262/- against the refund claim of Rs.5,45,77,651/-


Income Tax Department
MUMBAI : THIS case has now reached the doors of the Apex Court.

Take a look at what the CESTAT had held at the first stop -

2014-TIOL-1794-CESTAT-MUM-Order dated 21.08.2014

ST-As provision of telecommunication service to international roamers would amount to export of service, refund is permissible in law-Revenue appeal dismissed-as huge amounts of refund were kept

A builder is liable to provide facilities as per agreement within the stipulated time, or compensate the consumer.


Case Study: Hussainee Lilamwala, a businessman, wanted to lead a peaceful retired life away from Mumbai, yet not too far off. He came across a Tata Housing Development project in Boisar, Thane district. The brochure stated that the project was being undertaken by a quality conscious

SUPREME COURT SHOOTS DOWN BELATED BACKDOOR CHALLENGE TO THE JURISDICTION OF AN ARBITRAL TRIBUNAL


Supreme Court
  • Party to an arbitration proceeding can object to the jurisdiction of the tribunal on or before the submission of the statement of defense.
  • Does not rule on the question of conflict of arbitration agreements governed by a special statute enacted by

Business Standard-Don't rush into setting up NFRA: ICAI

http://wap.business-standard.com/article/pti-stories/don-t-rush-into-setting-up-nfra-icai-115022301094_1.html

Budget 2015: Government planning a new revamped interest subsidy plan for farmers



The crop loan interest subvention scheme may be overhauled, with the Narendra Modi government considering a proposal to transfer funds directly to farmers instead of getting banks to provide them loans at subsidised rates and compensating the lenders later.

Banks are unhappy with the scheme as the government's payments are often delayed and

2015 Guidance Note on Audit of Banks released by Auditing and Assurance Standards Board.

The Auditing and Assurance Standards Board of the Institute of Chartered Accountants of India has today issued the Guidance Note on Audit of Banks 2015 edition. For the benefit of members, complete text of the Guidance Note and the contents of accompanying CD can

No capital gain on transfer of transferable development rights as its cost of acquisition couldn't be determined

February 23, 2015[2015] 54 taxmann.com 77 (Bombay)
IT : Where assessee had not incurred any cost to acquire TDR attached to land owned by society, transfer of same to developer for consideration for construction of a floor space index would not be eligible to capital gains tax

Simplifying Delhi Value Added Tax – Legal & Procedural Relaxations Expected


Delhi Value added tax simplification has been one of major agendas of all state governments. It has been largely felt and outlined that procedural relaxation is a must to ensure smooth trade in the city or outside. At the same time it is well understood that blanket relaxations would have the other side of

IT : Where in respect of credit entries, assessee established identity of creditors by bringing on record their PAN and complete addresses and, moreover, transaction was made through proper banking channel, impugned addition made under section 68 was not sustainable



IT : Where in respect of credit entries, assessee established identity of creditors by bringing on record their PAN and complete addresses and, moreover, transaction was made through proper banking channel, impugned addition made under section 68 was not sustainable

ST - Authorised service station - Section 67 mandates levy of ST on value or consideration received for rendering services - any consideration received for supply of goods is not covered within its scope: CESTAT


Income Tax Department
MUMBAI  THE appellant is an authorised dealer of Maruti Udyog Ltd., and are registered with the department as an authorised service station for Maruti cars and they have been discharging service

Where assessee, engaged in business of running pre-schools, took term loan and utilised it for acquiring property used for purpose of pre-schooling business, assessee's claim for deduction of interest on said loan was to be allowed

IT : Where assessee, engaged in business of running pre-schools, took term loan and utilised it for acquiring property used for purpose of pre-schooling business, assessee's claim for deduction of interest on said loan was to be

Monday, February 23, 2015

Vacancy for CA in Tata Communications

Drive the following functions within MAG
Fraud Risk Management

Drive investigation projects as directed by the senior management. Conduct focused process review as and when requested by the function heads. Communicate the audit report to the stakeholders and Interface with relevant members to draft action plan.
1. Conduct & Manage Whistleblower Investigation
2. Set-up Foresnic Lab for Disk Imaging
3. Conduct Proactive Fraud Monitoring activities

Vacancy for CA in Centrum Capital

Company Centrum Capital Ltd.
Vertical Equity Capital Market
Position Associate
Location Mumbai - Kalina
Job Description Responsibilities

•Assisting  in  origination  and  execution  of  equity  capital  market  transactions  including  Initial  Public  Offerings  (IPO),  Qualified  Institutional  Placement  (QIP),  Rights  Issue  and  other  fund  raising  

Vacancy for CA in Aditya Birla Group

Schedule

:Full-time 

Primary Location

:India-Maharashtra-Mumbai 

Organization

:Metals HO 
Introduction about the Business
A US $40 billion corporation the Aditya Birla Group is in the League of Fortune 500. It is anchored by an extraordinary force of over 136000 employees belonging to 42 different nationalities. The

Vacancy for CA in Pfizer

Job Purpose:
The Compliance Senior Auditor will have primary responsibility for conducting investigations of allegations of violations of Pfizer policies and procedures or laws in India and other markets within

Vacancy for CA in Citi Bank


About Citi Commercial Bank


Citi Commercial Bank (CCB) in India is a full-service commercial bank catering to a wide range of SME & MME clients across industries. Established since 1998, Citibank’s Commercial Bank division is amongst the first foreign banks in India to have a dedicated strategic Business Unit focused on the Emerging Local Corporates.


In addition to expert advice and services the unit offers its clients a complete range of corporate banking products and services which includes Operating Accounts, Cash Management, Cash-To-Mobile Receivables Solution,

Vacancy for CA Inter/ CA/ ICWA in Accenture

SAP Required -Graduates/Postgraduates in Commerce/ICWA/CA-Inter/CA with 4 to 7 years of experience in Financial Planning & Analysis - Budgeting & Forecasting/ Close Management and Tax Reporting/ Financial, Regulatory or Management Reporting/ Reconciliation/ Month-End Close/Variance Analysis/ Master Data Management/ Interface Management or JV/Fixed Assets Transaction Processing - may apply. Prior experience in managing large scale operations and client relationship management is a prerequisite. click here to apply

Vacancy for CA/ICWA in Castrol India Ltd


General Manager - Indirect Tax, Mumbai
57401BR
Tax
Tax
India - Maharashtra
Mumbai
Castrol India limited is a Public Limited company having a Turnover of over Rs 3500 crores and operating through four regional offices and three Manufacturing Plants across India. The business supplies products and

Vacancy for CA in Mondelez

Job Description 

Direct Tax Manager(

Job Number:

 1501394)

Description

 
COMPANY OVERVIEW
Mondelēz India Foods Ltd. (Formerly Cadbury India Ltd) is a part of Mondelēz International, Inc. (NASDAQ: MDLZ) family of companies, which comprises the global snacking and food brands of the former Kraft Foods Inc. following the

Saturday, February 21, 2015

Tender for quotations from CA firms for Concurrent Audit of Investment Department of The New India Assurance Company Limited

The New India Assurance Company Limited
Last Date : Feb 27, 2015
Tender for quotations from CA firms for Concurrent Audit of Investment Department

Address: Mr.S.B.Shukla, Chief Manager, The New India Assurance Company Limited, Head Office,

Appointment of Statutory Auditor for State Health Society (SHS) and District Health Society (DHS) under National Health Mission (NHM).for the Year 2014-15.

State Health & Family Welfare Society - Odisha
Last Date : Feb 28, 2015
Appointment of Statutory Auditor for State Health Society (SHS) and District Health Society (DHS) under National Health Mission (NHM).for the Year 2014-15.

Reputed CAG empanelled chartered accountant firms for undertaking the financial management, audit assistance and other financial activities of the orissa integrated sanitation improvement project.

Orissa Water Supply And Sewerage Board
Last Date : Feb 28, 2015
Reputed CAG empanelled chartered accountant firms for undertaking the financial management,

Appointment of Statutory Auditor for State Health Society (SHS) and District Health Society (DHS) & Divisional Joint Directors (For The Financial Year 2014-15) under National Health Mission (NHM)

State Health Society - Bhopal Madhya Pradesh
Last Date : Feb 28, 2015
Appointment of Statutory Auditor for State Health Society (SHS) and District Health Society (DHS) & Divisional Joint Directors (For The Financial Year 2014-15) under National Health Mission

Hiring Services Of Chartered Accountant Firm For Statutory Audit Of State Health Society (SHS) & District Health Society (DHS)- (For The Financial Year 2014-15) Under National Health Mission (NHM)

State Health Society - Sikkim
Last Date : Feb 28, 2015
Hiring Services Of Chartered Accountant Firm For Statutory Audit Of State Health Society (SHS) & District Health Society (DHS)- (For The Financial Year 2014-15) Under National Health Mission

Supply, Installing of Accounting System Software (Suiting this Office), Training staff etc from Chartered Accountant/Firms registered under institute of Chartered Accountant having its Office.

Goa Board Of Secondary And Higher Secondary Education
Last Date : Feb 27, 2015
Supply, Installing of Accounting System Software (Suiting this Office), Training staff etc from

Expression of interest from eligible firms of chartered accountants for providing services of statutory auditor for the financial years 2014-15 and 2015-16 of Jammu And Kashmir Economic Reconstruction Agency

Jammu And Kashmir Economic Reconstruction Agency
Last Date : Feb 27, 2015
Expression of interest from eligible firms of chartered accountants for providing services of statutory

Internal Auditor Services (Head Office & Division as a Functional Unit)Rajasthan Medical Services Corporation Limited

Rajasthan Medical Services Corporation Limited
Last Date : Feb 27, 2015
Internal Auditor Services (Head Office & Division as a Functional Unit)

Expression of interest for appointment of internal auditor for internal audit of the company for the year 2015-16 of Karnataka Silk Industries Corporation Limited

Karnataka Silk Industries Corporation Limited
Last Date : Feb 26, 2015
Expression of interest for appointment of internal auditor for internal audit of the company for the

Request for Proposal are invited from eligible Chartered Accountant Firms for appointment as Concurrent Auditor of Bihar Industrial Area Development Authority

Bihar Industrial Area Development Authority
Last Date : Feb 25, 2015
Request for Proposal are invited from eligible Chartered Accountant Firms for appointment as

Empanelment of Chartered accountants/taxation firms to undertake entire proceeding relating to income tax of Kandla Port Trust

Kandla Port Trust
Last Date : Feb 24, 2015
Empanelment of Chartered accountants/taxation firms to undertake entire proceeding relating to

Appointment of Field Level Consultant (Chartered Accountant Firm) for Accrual Based Double Accounting System in Bakshi Ka Talaab.

Nagar Panchayat - Lucknow Uttar Pradesh
Last Date : Feb 24, 2015
Appointment of Field Level Consultant (Chartered Accountant Firm) for Accrual Based Double

From the reputed Chartered Accountant Audit Firm quoting their rate of amount for Auditing the Accounts of Law Training Institute.

Tripura Law Training Institute
Last Date : Feb 23, 2015
From the reputed Chartered Accountant Audit Firm quoting their rate of amount for Auditing the

Request For Proposal for Hiring Services Of Chartered Accountant Firm For Statutory Audit Of State Health Society (shs) - (for The Financial Year 2014-15) Under National Health Mission (nhm), U.T.

National Health Mission - Chandigarh Punjab
Last Date : Feb 23, 2015
Request For Proposal for Hiring Services Of Chartered Accountant Firm For Statutory Audit Of State

Expression of Interest for Statutory Auditor's for Development & Implementation & operation & Maintenance of of Following Road Projects

Public Works Department - Jaipur Rajasthan
Last Date : Feb 23, 2015
Expression of Interest for Statutory Auditor's for Development & Implementation & operation &

Audit assignment of Asian Development Bank

Asian Development Bank
Last Date : NA
Strengthening Financial Management in Asia and the Pacific

Address: Abbas Hasan Kizilbash, ADB Officer, Operations Services and Financial Management

Monday, February 16, 2015

Vacancy for CA/ICWA in Indian Air force

Branches:

Flying
Accounts
Meteorology

Age Limit:

Flying: 18 - 23 years
Accounts: 20 - 23 years
Meteorology: 20 - 25 years

And relaxation as per rules.

Required Job Profile:

HC upholds ITAT’s order, denies capital gains exemption u/s 54B/54F on properties purchased in name of assessee’s married major daughters


HC upholds ITAT’s order, denies capital gains exemption u/s 54B/54F on properties purchased in name of assessee’s married major daughters; ITAT held that the while the term “assessee” can include legal representatives in

GOODS AND SERVICE TAX REPORTS (GSTR)

Volume 30 Part 7 (Issue dated 16-2-2015)
SUBJECT INDEX TO CASES REPORTED IN THIS PART
HIGH COURTS
Customs duty --Appeal--Appeal to High Court--Jurisdiction--Territorial jurisdiction--Maintainability of appeal--Assessee situated within Union Territory of Dadar and Nagar Haveli--Omission of section 131C(b) defining, term “High Court†in relation to Union Territories of Dadar and Nagar Haveli to be Bombay High Court, from date to be notified--No such date notified till date--Appeal not maintainable before Gujarat High Court--Assessee to present appeal before Bombay High Court having territorial jurisdiction--

133 ICSI Mysore eMagazine February 2015

Here is the 133rd Edition of the eMagazine attached for the month of February 2015, with

Request for proposals/Bids from Chartered Accountancy firm for audit of Maharashtra Electricity Regulatory Commission

Maharashtra Electricity Regulatory Commission
Last Date : Feb 20, 2015
Request for proposals/Bids from Chartered Accountancy firm.

Address: Maharashtra Electricity Regulatory Commission, 13th floor, World Trade Centre, Cuffe

Appointment of chartered Accountant firm for conducting internal audit of Maharashtra Airports Development Company Limited

Maharashtra Airports Development Company Limited
Last Date : Feb 16, 2015
Appointment of chartered Accountant firm for conducting internal audit.

Address: Maharashtra Airports Development Company Limited,8th Floor,Centre-1,World Trade

CA,ICWA Govt Job Openings in tea bord

CA,ICWA Govt Job Openings in tea bord in Kolkata For Charted Accountant interest candidates Apply online Bellow Links Availabe

Name Of The Organization:Tea Board
Name Of The post:Charted Accoountant
Education Qualification:CA,ICWA

Co. is liable to DTT only on dividend approved in AGM and not on dividend proposed by board of directors

Co. is liable to DTT only on dividend approved in AGM and not on dividend proposed by board of directors

IT : Provision for dividend made in accounts or recommendation of board of director regarding proposed dividend can not be considered as declaration of dividend

IT : Provision for dividend made in accounts or recommendation of board of director regarding proposed dividend can not be considered as declaration of dividend


[2015] 54 taxmann.com 135 (Kolkata - Trib.)

No penalty could be imposed when the amount of Service tax has been paid along with interest before issuance of Show Cause Notice

No penalty could be imposed when the amount of Service tax has been paid along with interest before issuance of Show Cause Notice
We are sharing with you an important judgment of Hon’ble CESTAT, New Delhi, in the case ofCCE, Panchkula Vs. M/s. Krishna Cylinders [2015 (1) TMI 1197 - CESTAT NEW DELHI] on the following issue:

Vacancy for CA trainees/ CA/ ICWA/ CS in MPPTCL


M.P Power Transmission Company Ltd. (MPPTCL) jobs for Executive Trainee/Programmer in Delhi. Last Date to apply: 10 Mar 2015

M.P Power Transmission Company Ltd. Recruitment 2015 for the posts of Executive Trainee/Programmer through recruitment notification. Interested and eligible candidates should

Sunday, February 15, 2015

Easy Microwave Ricotta Cheese Burfi recipe



Easy Microwave Ricotta Cheese Burfi
By Sify Bawarchi


Total Time: 15 mins
Makes/Yield: 4
Difficulty: Easy

Ingredients
  • 1 cup - ricotta cheese
  • 1 cup - milk powder
  • 1 cup - sugar
  • 1/2 cup - chopped pistachios and almonds
  • 3 or 4 - cardamoms
  • 2 tbsp - butter
  • Green or yellow food color
  • 1 pinch - saffron



Here's why discounts, low prices may not be viable for e-commerce sites in the long run - MSN News



Here's why discounts, low prices may not be viable for e-commerce sites in the long run

Press Trust of India

IBN Live - IBN Live - Sun Feb 15 15:30:00 UTC 2015

E-commerce companies have incurred combined losses of around Rs 1,000 crore due to heavy discounting strategy and this model is not feasible in the long run, a PwC report said. "Offering lower prices will not be viable in the long term. Despite luring in customers in the initial stages, lower...




Vacancy for CA in Pfizer

Responsibilities

Job Purpose:
The Compliance Senior Auditor will have primary responsibility for conducting investigations of allegations of violations of Pfizer policies and procedures or laws in India and other markets within the region.

Position Responsibilties:
• Conduct on-site forensic audit reviews at Pfizer and third party locations, including investigation of

General hygiene tips to avoid swine flu

Swine flu is tightening its grip in the country and spreading fear and confusion. But before you panic, it's important to know that there are several general hygiene tips that you can follow to shield yourself and those around you.

- Hand washing after coughing and sneezing. - Cover the mouth with a disposable handkerchief when coughing or sneezing. - If there is no handkerchief available the inner side of the elbow can be used.

GOODS AND SERVICE TAX IN HINDI



जी.एस. टी.
भारत में लगने वाले गुड्स एवं सर्विस टैक्स का एक परिचय
-      सी.ए. सुधीर हालाखंडी-
भारत में वेट वर्ष 2006 में लगाया गया था और इस अप्रत्यक्ष कर की अंतिम तार्किक परिणिति गुड्स एवं सर्विस टैक्स के रूप में होनी थी इसीलिए तत्कालीन वित्तमंत्री श्री पी. चिदंबरम ने वर्ष 2006 के अपने बजट भाषण में जी.एस.टी. का

A POEM TO ENCOURAGE THOSE WHO WILL APPEAR FOR EXAM

Study dear, exams are near,
No more pain of failure to bear, all you need to do is make an Endeavor
Fix daily target don’t put syllabus in arrear
“I will pass this time “, to yourself make this clear
To rumor don’t put ear,
&

STANDARD OPERATING PROCEDURE FOR PROSECUTION IN CASES OF TDS/ TCS DEFAULT

Vacancy for CA

We are looking for a Chartered Accountant The Candidate should have good working knowledge of Accounts, Finance, Direct, Indirect Taxation & Sale Tax .The Candidate will have to handle multiple

CA/CS on Death Bed - A funny Video


Articles of CA CS CMA - Ek dard bhari kahani - Funny Video


Vacancy for CA in Aditya Birla Group

Job Description 

Requisition Title

:DH Finance & Accounts 

Job Number:

:1501012T 

Schedule

:Full-time 

Vacancy for CA in PWC

Requirement Manager - DT Corporate tax - 4006/[2013]
Location
Openings 1 Experience 6.00 to 9.00 years
Education NA
Skills good communication, excellent technical skills and overall should be a dynamic individual
Job Description
Job Profile :

PwC's multi-disciplinary tax teams help clients in Corporate Tax Advisory and Tax & Regulatory Compliance. PwC's range of services include:
• Entry strategy from a tax and regulatory perspective

Thursday, February 12, 2015

Vacancy for CA in Vodafone

Job Description 

Manager/Sr. Manager - SW - FS - 128

Delight our business partners:
Deliver Efficirency Promise to our partners – Baseline current productivity and identify inefficiencies within process
Engagement with the business partners on a weekly basis

ACC Limited Wins Gold Shield at the ICAI Awards for Excellence in Financial Reporting

ICAI invites comments on New Scheme of Education and Training

Group to review/finalise the draft amendments in the Chartered Accountants Regulations, 1988 arising out of new Scheme of Education and Training.

Would companies use voluntary, additive IFRS option?

A day after it was informally proposed, SEC Chief Accountant James Schnurr’s new idea for optional IFRS incorporation in the United States faced a key question.
“How many companies might take it up?” International Accounting Standards Board (IASB) Vice Chairman Ian Mackintosh said Tuesday at the AICPA Conference on Current SEC and PCAOB

Revised Format of Concurrent Audit of BOB

Revised Format of Concurrent Audit of BOB uploaded at Format of application for empanelment of Concurrent Audit ...

Job opportunity at Mumbai based real estate group for a CA

There is a good opportunity at Mumbai based real estate group for a CA with 2-3 yrs of experience in direct taxation.
Should be able to handle income tax returns, assessments etc

RELEVANCE OF PERSON IN SERVICE TAX

The 'person' is crucial in taxability for the purpose of Service Tax. The definition of service in section 65B(44) of the Finance Act, 1994 provides that 'service means any activity carried out by a person for another for a consideration …….'. This implies that service or activity shall be carried out by a

BUDGET 2015 : STEPPING STONE TO SIMPLIFICATION?

As the budget session 2015 is approaching, the nation is garnering its own expectations. The assessees falling under the indirect tax net are no different. Struggling with the high end compliances and to cope up with the difficult rules to adhere, they too are in need for some relaxation and

Saturday, February 7, 2015

Vacancy for CA in CITI Bank


About (Name of Business Group)



Citi is a respected global leader in Investment Research and Analysis, with more than 300 analysts who follow more than 3,000 companies in dozens of industry groups and with securities trading in over 50 countries. We publish thousands of research reports annually on subjects ranging from promising new biotechnology discoveries to the dynamics of paper pricing in the global marketplace. Citi’s equities business is one of the largest and most established, both regionally and

Tax implications on gifts and how your family can help you save tax

When someone deposits money in your bank account, it is very important to understand the tax implications of this.
Your parents deposit some money in your account for buying a house. While it’s a help from your

Committee to monitor implementation of CSR::General Circular No. 1 of 2015

The Ministry of Corporate Affairs vide General Circular No. 1 of 2015 has notified Constitution of a High Level Committee to suggest measures for monitoring the progress of implementation of CSR policies not only by the Corporates at their level but also for overall monitoring by the Government. The Terms of Reference of this

Indian Accounting Standards Notification In A Month: MCA


The government is planning to come out with a notification for implementation of the proposed Indian Accounting Standards (Ind-AS) in a month's time, MCA officer said.

 "The notification for Ind-AS is going to happen in a month," Ministry of Corporate Affairs Joint Secretary A S Bhatia said on the sidelines of a seminar on corporate governance organised by the CII and the

Jet Airways auditors red flag going concern status

TDS Prosecution SOP

Vacancy for Articleship

we have vaccancy for article in my office and one vaccancy for  newly qualified ca for my client office is there. interested fellow may please send their resume to undersigned

Revised Format of Concurrent Audit of BOB uploaded

Revised Format of Concurrent Audit of BOB uploaded at Format of application for empanelment of Concurrent Audit ...

Recognition of revenue by developer only on registration of sale deeds wasn't a valid method under sec. 145

Recognition of revenue by developer only on registration of sale deeds wasn't a valid method under sec. 145

February 6, 2015[2015] 54 taxmann.com 54 (Panaji - Trib.)
IT : Recognition of the revenue from sale of plots by assessee only when the registration of the sale deed has been done by the assessee in favour of the buyer is not a recognized method of recognizing the revenue under AS-7. This method is neither project completion method nor percentage of completion method. The method adopted

Amendments applicable for IPCC, May 2015


Amendments applicable for IPCC, May 2015 :
Paper 1 : Accounts -
Chapter Name - Financial Statements of Companies :
* Meaning of company
* Books of accounts to be maintained at registered office.

Monday, February 2, 2015

Vacancy for CA / CA final in Citi Bank

  • 2 to 7 yrs
  • As per Industry Standards
  • Mumbai
  • Credit Operations Underwriting/Loan Processing TAT

Empanelment of Resource Person for Financial Education In SEBI – Mumbai, Maharashtra

Resource Person for Financial Education

Securities and Exchange Board of India

Address: NISM Bhavan, Plot No. 82, Sector 17, Vashi, Navi Mumbai
Postal Code: 400 703
City: Mumbai
State: Maharashtra
Pay Scale: RPs shall be paid honorarium of R s 4,000/‐ In case the distance of the workshop is beyond 30 Km from place of residence then Rs.500/‐ shall be payable as conveyance, (subject to minimum number participants) on successful submission of claim along with the attendance sheet.
Qualifications: Post graduates in the field of commerce, economics, management, law, OR having
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