IAS-7 MODEL CASH FLOW STATEMENT (INDIRECT METHOD)

_______________________________ PRIVATE LIMITED
CIN _________________________
STATEMENT OF CASH FLOWS (INDIRECT METHOD)
FOR THE YEAR ENDED ON 31ST MARCH, 2015
PARTICULARS								AMOUNT
								F.Y. 14-15
CASH FLOWS FROM OPERATING ACTIVITIES

Vacancy for a CA in a reputed real estate group in Thane

CA    with 3-5 years’  relevant experience, in Real estate industry, in following areas

·             Accounts finalization including financial statements preparation

·             Preparation of quarterly Income statements and balance sheets 

Income Tax dept to ‘put on hold’ present MAT cases at Bombay HC

The Income Tax (I-T) department on Tuesday will “put on hold” all present cases pertaining to minimum alternative tax (MAT) before the Bombay High Court (HC), including that against Aberdeen Asset Management to avoid conflict as a similar matter is pending before the Supreme

Black Money Act 2015 and its impact on employees

The government, true to its intent to track foreign assets and black money stashed overseas, has introduced the Black Money (undisclosed foreign income and assets) and Imposition of Tax Act 2015 (The BMA). The BMA is effective from April 1, 2015. The general impression amongst people is

Selection of internal & statutory auditors - Hiring services of chartered accountant firm for internal & statutory audit of "diu college, dhes, diu" - for the financial year 2015-16.

Diu College
Last Date : Jul 01, 2015
Selection of internal & statutory auditors - Hiring services of chartered accountant firm for internal &

Vacancy for CA in PWC

Requirement	Manager - DT Corporate tax - 6818/[2014]
Location
Openings	1	Experience	5.00 to 7.00 years
Education	NA
Skills	Corporate tax advisory, litigation and compliance
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 • Optimum use of corporate tax incentives in proposed business activities

Revised Minimum Recommended Scale of Fees by ICAI vis-a-vis Actual Market Fees

The fees recommended by the ICAI is as under:-

          REVISED MINIMUM RECOMMENDED SCALE OF FEES FOR THE PROFESSIONAL ASSIGNMENTS DONE BY THE CHARTERED ACCOUNTANTS  


  PARTICULARS Rates For Class A Cities For Class B Cities Revised Minimum Recommended scale of Fees Revised Minimum Recommended scale of Fees I) ADVISING ON DRAFTING OF DEEDS/AGREEMENTS       (a) i) Partnership Deed Rs. 10,500/- & Above Rs. 7,000/- & Above  
ii) Partnership Deed (With consultation & Tax Advisory) Rs. 15,000/- & Above Rs. 10,000/- & Above   (b) Filing of Forms with Registrar of Firms Rs. 4,500/- & Above
Per Form Rs. 3,000/- & Above
Per Form   (c) Supplementary / Modification in Partnership Deed Rs. 9,000/- & Above Rs. 6,000/- & Above  
      II) INCOME TAX       A. Filing of Return of Income       I) For Individuals/ HUFs etc.      
(a) Filing of Return of Income with Salary/Other Sources/Share of Profit Rs. 6,000/- & Above Rs. 4,000/- & Above  
(b) Filing of Return of Income with detailed Capital Gain working      
   i)  Less than 10 Transactions (For Shares & Securities) Rs. 9,000/- & Above Rs. 6,000/- & Above  
   ii) More than 10 Transactions (For Shares & Securities) Rs. 15,000/-  & Above Rs. 10,000/- & Above  
(c) Filing of Return of Income for Capital Gain on Immovable property Rs. 30,000/-  & Above Rs. 20,000/- & Above  
(d) Filing of Return of Income with Preparation of Bank Summary, Capital A/c & Balance Sheet. Rs. 10,500/-  & Above Rs. 7,000/- & Above  
        II)  (a) Partnership Firms/Sole Proprietor with Advisory Services Rs. 12,000/-  & Above Rs. 8,000/- & Above  
(b) Minor's I.T. Statement Rs. 6,000/-  & Above Rs. 4,000/- & Above  
(c) Private Ltd. Company :      
   i)  Active Rs. 22,500/-  & Above Rs. 15,000/- & Above  
   ii)Defunct Rs. 10,500/-  & Above Rs. 7,000/- & Above  
(d) Public Ltd. Company      
   i)  Active Rs. 60,000/-  & Above Rs. 40,000/- & Above  
   ii)Defunct Rs. 22,500/-  & Above Rs. 15,000/- & Above  
        B. Filing of Forms Etc. (Quarterly Fees) (Quarterly Fees)  
(a) Filing of TDS/TCS Return (per Form)      
   i) With 5 or less Entries Rs. 3,000/-  & Above Rs. 2,000/- & Above  
   ii)With more than 5 Entries Rs. 7,500/-  & Above Rs. 5,000/- & Above  
(b) Filing of Form No. 15-H/G ( per Set) Rs. 3,000/-  & Above Rs. 2,000/- & Above  
(c) Form No. 49-A/49-B Rs. 3,000/-  & Above Rs. 2,000/- & Above  
(d) Any other Forms filed under the Income Tax Act Rs. 3,000/-  & Above Rs. 2,000/- & Above  
        C. Certificate      
Obtaining Certificate from Income Tax Department Rs. 12,000/-  & Above Rs. 8,000/- & Above  
        D. Filing of Appeals Etc.      
(a) First Appeal
 Preparation of Statement of Facts, Grounds of Appeal, Etc. Rs. 30,000/-  & Above Rs. 20,000/- & Above  
(b) Second Appeal (Tribunal) Rs. 60,000/-  & Above Rs. 40,000/- & Above  
        E. Assessments Etc.      
(a) Attending Scrutiny Assessment/Appeal      
   (i)  Corporate See Note 1 See Note 1  
   (ii) Non Corporate Rs. 30,000/- & Above Rs. 20,000/- & Above  
(b) Attending before Authorities Rs. 9,000/- & Above
Per Visit Rs. 6,000/- & Above
Per Visit  
(c) Attending for Rectifications/Refunds/Appeal effects Etc. Rs. 6,000/- & Above
Per Visit Rs. 4,000/- & Above
Per Visit  
(d) Income Tax Survey Rs. 75,000/- & Above Rs. 50,000/- & Above  
(e) T.D.S. Survey Rs. 45,000/- & Above Rs. 30,000/- & Above  
(f) Income Tax Search and Seizure See Note 1 See Note 1  
(g) Any other Consultancy See Note 1 See Note 1  
      III) CHARITABLE TRUST       (a) (i)  Registration Under Local Act Rs. 22,500/- & Above Rs. 15,000/- & Above  
(ii) Societies Registration Act Rs. 30,000/- & Above Rs. 20,000/- & Above   (b) Registration Under Income Tax Act Rs. 22,500/- & Above Rs. 15,000/- & Above   (c) Exemption Certificate U/s 80G of Income Tax Act Rs. 18,000/- & Above Rs. 12,000/- & Above   (d) Filing Objection Memo/other Replies Rs. 9,000/- & Above Rs. 6,000/- & Above   (e) Filing of Change Report Rs. 9,000/- & Above Rs. 6,000/- & Above   (f)  Filing of Annual Budget Rs. 9,000/- & Above Rs. 6,000/- & Above   (g) Attending before Charity Commissioner including for Attending Objections Rs. 7,500/- & Above
per visit Rs. 5,000/- & Above
per visit   (h) (i)  F.C.R.A. Registration Rs. 30,000/- & Above Rs. 20,000/- & Above  
(ii) F.C.R.A. Certification Rs. 7,500/- & Above Rs. 5,000/- & Above  
      IV) COMPANY LAW AND LLP WORK       (a) Filing Application for Name Approval Rs. 6,000/- & Above Rs. 4,000/- & Above   (b) Incorporation of a Private Limited Company/LLP Rs. 30,000/- & Above Rs. 20,000/- & Above   (c) Incorporation of a Public Limited Company Rs. 60,000/- & Above Rs. 40,000/- & Above   (d) (i)  Company's/LLP ROC Work, Preparation of Minutes, Statutory Register & Other Secretarial Work See Note 1 See Note 1  
(ii) Certification (Per Certificate) Rs. 9,000/- & Above Rs. 6,000/- & Above   (e) Filing Annual Return Etc. Rs. 9,000/- & Above
per Form Rs. 6,000/- & Above
per Form   (f) Filing Other Forms Like : F-32, 18, 2 etc. Rs. 3,000/- & Above
per Form Rs. 2,000/- & Above
per Form   (g) Increase in Authorised Capital      
Filing of F-5, F-23, preparation of Revised Memorandum of Association/Article of Association/LLP Agreement Rs. 22,500/- & Above Rs. 15,000/- & Above   (h) DPIN/DIN per Application Rs. 3,000/- & Above Rs. 2,000/- & Above   (i) Company Law Consultancy including Petition drafting See Note 1 See Note 1   (j) Company Law representation including LLP before RD and CLB See Note 1 See Note 1   (k) ROC Representation See Note 1 See Note 1  
      V) V.A.T./  PROFESSIONAL TAX      
        A. Registration Work      
(a) Registration Under V.A.T. & C.S.T.
      Corporate
      Non Corporate
See Note 1
Rs. 15,000/- & Above
See Note 1
Rs. 10,000/- & Above  
(b) Professional Tax Registration (PTR) Rs. 6,000/- & Above Rs. 4,000/- & Above  
( c) Professional Tax Enrollment (per Application) Rs. 3,000/- & Above Rs. 2,000/- & Above  
        B. Filing of Return (V.A.T.)      
(a) Monthly Challans with Annual Return Rs. 3,000 + (Per Month) Rs. 2,000/-  + (Per Month)  
(b) Quarterly Challans with Annual Return Rs. 4,500 + (Per Quarter) Rs. 3,000/-  + (Per Quarter)  
(c) Six Monthly Challans with Annual Return Rs. 6,000 + (Per 6 Months) Rs. 4,000/-  + (Per 6 Months)  
(d) Yearly Composition Return Rs. 9,000/- & Above Rs. 6,000/- & Above  
        C. Assessments/Appeals      
(a) Attending V.A.T./Commercial Tax Assessments Rs. 15,000/- + 7,500/- (Per Visit) Rs. 10,000/-  + 5,000/-(Per Visit)  
(b) Attending V.A.T./Commercial Tax Appeals Rs. 15,000/- + 9,000/- (Per Visit) Rs. 10,000/-  + 6,000/-(Per Visit)  
        D. Filing of Appeal/Appeals Drafting      
(a) First Appeal (AC/DC) Rs. 15,000/- & Above Rs. 10,000/- & Above  
(b) Second Appeal Rs. 22,500/- & Above Rs. 15,000/- & Above  
        E. Miscellaneous Work      
(a) Professional Tax Returns & Assessment Rs. 7,500/- & Above Rs. 5,000/- & Above  
(b) Obtaining C/F/H Forms under V.A.T./Commercial Tax ( Per Application) ( Per Application)  
   (i)  First Time Rs. 6,000/- & Above Rs. 4,000/- & Above  
   (ii) Renewal Rs. 3,000/- & Above Rs. 2,000/- & Above  
      VI) AUDIT AND OTHER ASSIGNMENTS      
Rate per day would depend on the complexity of the work and the number of days spent by each person      
(i)    Principal Rs. 15,000/- & Above per day Rs. 10,000/- & Above
per day  
(ii)  Qualified Assistants Rs. 7,500/- & Above
per day Rs. 5,000/- & Above
per day  
(iii) Semi Qualified Assistants Rs. 3,000/- & Above
per day Rs. 2,000/- & Above per day  
(iv) Other Assistants Rs. 1,500/- & Above
per day Rs. 1,000/- & Above
per day  
Subject to minimum indicative Fees as under:      
(i)   Tax Audit Rs. 37,500/- & Above Rs. 25,000/- & Above  
(ii)  Company Audit      
(a)   Small Pvt. Ltd. Co. (Turnover up to Rs. 2 Crore) Rs. 45,000/- & Above Rs. 30,000/- & Above  
(b)   Medium Size Pvt. Ltd. Co./ Public Ltd. Co. Rs. 75,000/- & Above Rs. 50,000/- & Above  
(c)   Large Size Pvt. Ltd. Co./Public Ltd. Co. See Note 1 See Note 1  
(iii)  V.A.T. Audit Rs. 22,500/- & Above Rs. 15,000/- & Above  
(iv)  Review of TDS Compliance Rs. 22,500/- & Above Rs. 15,000/- & Above  
(v)   Transfer Pricing Audit See Note 1 See Note 1  
      VII) INVESTIGATION, MANAGEMENT SERVICES OR SPECIAL ASSIGNMENTS      
Rate per day would depend on the complexity of the work and the number of days spent by each person      
(a) Principal Rs. 30,000/- & Above + per day charge Rs. 20,000/- & Above + per day charge  
(b) Qualified Assistant Rs. 15,000/- & Above + per day charge Rs. 10,000/- & Above + per day charge  
(c) Semi Qualified Assistant Rs. 7,500/- & Above + per day charge Rs. 5,000/- & Above + per day charge  
      VIII) CERIFICATION WORK       (a) Issuing Certificates under the Income Tax Act i.e. U/s 80IA/80IB/10 A/10B & other Certificates See Note 1 See Note 1   (b) Other Certificates      
For LIC/Passport/Credit Card/Etc. Rs. 7,500/- & Above Rs. 5,000/- & Above    (c) Other Attestation (True Copy) Rs. 1,500/- per form Rs. 1,000/- per Form   (d) Net worth Certificate for person going abroad Rs. 1,5000/- & Above Rs. 10,000/- & Above  
      IX) WEALTH TAX       (a) Per statement Rs. 15,000/- & Above Rs. 10,000/- & Above   (b) Statement & Filing Return Rs. 20,000/- & Above Rs. 15,000/- & Above  
      X) CONSULTATION & ARBITRATION      
Rate per hour would depend on the complexity of the work and the number of hours agent by each person.      
(a) Principal Rs. 30,000/- & Above(initial fees) + additional fees @ Rs. 7,500/- & Above per hour Rs. 20,000/- & Above(initial fees) + additional fees @ Rs. 5,000/- & Above per hour  
(b) Qualified Assistant Rs. 5,300/- & Above per hour Rs. 3,500/- & Above per hour  
(c) Semi Qualified Assistant Rs. 2,300/- & Above per hour Rs. 1,500/- & Above per hour  
      XI) NBFC/RBI MATTERS       (a) NBFC Registration with RBI See Note 1 See Note 1   (b) Other Returns Rs. 15,000/- & Above Rs. 10,000/- & Above  
      XII) SERVICE TAX       (a) Registration Rs. 15,000/- & Above Rs. 10,000/- & Above   (b) Registration with Consultation See Note 1 See Note 1   (c) Tax Advisory & Consultation i.e. about value, taxability, classification etc. See Note 1 See Note 1   (d) Monthly Challan with Half Yearly Return Rs. 15,000/- & Above + (Rs.3,000/- Per Month) Rs. 10,000/- & Above + (Rs.2 ,000/- Per Month)   (e) Quarterly Challan with Half Yearly Return Rs. 15,000/- & Above + (Rs. 4,500/- Per Quarter) Rs. 10,000/- & Above + (Rs.3 ,000/- Per Quarter)   (f) Adjudication Rs. 45,000/- & Above Rs. 30,000/- & Above   (g) Appeal & show cause notice drafting/ reply Rs. 30,000/- & Above Rs. 20,000/- & Above  
      XIII) FEMA MATTERS       1 Filing Declaration with RBI in relation to transaction by NRIs/OCBs Rs. 30,000/- & Above Rs. 20,000/- & Above   2 Obtaining Prior Permissions from RBI for Transaction with NRIs/OCBs Rs. 45,000/- & Above Rs. 30,000/- & Above   3 Technical Collaboration:      
Advising, obtaining RBI permission, drafting and preparing technical collaboration agreement and incidental matters See Note 1 See Note 1   4 Foreign Collaboration:      
Advising, obtaining RBI permission, drafting and preparing technical collaboration agreement and incidental matters (incl. Shareholders Agreement) See Note 1 See Note 1   5 Advising on non Resident Taxation Matters including Double Tax Avoidance Agreements including FEMA See Note 1 See Note 1  
      XIV) PROJECT FINANCING       (a) Preparation of CMA Data See Note 1 See Note 1   (b) Services relating to Financial sector See Note 1 See Note 1            


   


  Notes:

    1) Fees to be charged depending on the complexity and the time spent on the particular assignment.   2) The above recommended minimum scale of fees is as recommended by the Committee for Capacity Building of CA Firms & Small and Medium Practitioners (CCBCAF&SMP) of ICAI and

Tax Calculator on CBDT website

Saturday off for banks from July 25 - RBI cleared

The first Saturday off for banks in India will kick in from July 25, a fourth Saturday. This is as per a government notification declaring second and fourth Saturdays closed for banks.

RBI has cleared and sent their approval for implementation of 2nd and 4th Saturday off to IBA from

Income tax department automates e-filing with password

http://www.thehindu.com/news/national/it-department-automates-efiling-with-password/article7367379.ece

Applicability of Cash Flow Statement under the Companies Act, 2013

As per Section 2(40) of the Companies Act, 2013 all the companies whether private or public are required to include cash flow statement in its financial statement except the One Person Company

Invitation for suitable partnership / merger proposals from CA individuals & proprietorship / partnership firms to hit big assignments

Our's is a well-established CA firm (RBI Category-I & CAG Empanelled) having HQ at Delhi & have branches at Mumbai, Chennai, Ranchi & Muzaffarpur (Bihar) with a team of 6 full time partners

RPU for ITR1 and ITR4S launched

Assessment Year:2015-16

Note:

1. Download the requisite ITR Form.
2. To know more on how to use the utilities, please click here
3. To know more on how to install/configure and run java, plea

Audit Assignments for 29th and 30th June 2015

Development And Panchayat Department - Chandigarh Haryana Last Date : Jun 29, 2015 Expression of Interest for 3rd Party Quality Assurance / Audit. Address: Haryana Panchayat Bhawan, Plot No.3 Sector-28A, Madhya Marg, Chandigarh.

Vacancy for CA/ICWA in Aditya Birla Group

Job Description 

Requisition Title

:Lead - Commercial Service 

Job Number:

ICAI plans report on how to reduce NPAs for PSU banks

ICAI proposes changes in CA course syllabus

http://timesofindia.indiatimes.com/city/mangaluru/ICAI-proposes-changes-in-CA-course-syllabus/articleshow/47833057.cms

Need for additional 6 lakh CAs

http://www.thehindubusinessline.com/industry-and-economy/education/need-for-6-lakh-additional-cas/article7357770.ece

10 daily habits that are making you fat

So, you thought potatoes and pasta are the prime reasons why you are gaining fat? Sorry to debunk your concept, but losing or gaining fat is much more than just globing down those unhealthy foods. No, we are not telling you that junk food and fried potatoes don’t put in that extra calories, but a little mindful eating and a few changes in your habits here and there can go a long way to aid in your fat loss journey. We, at MSN researched through some of the daily habits that can actually make you fat and trust us we are as surprised as you will be. Listing here are ten daily habits that make your waistline bigger and your pants tighter without you even realising it.

1. Taking big bites: Do you know that people who took large bites of food consumed 52 percent more calories in one sitting than those who took small bites and chewed much longer? So the trick is to cut down your food into smaller pieces take time to chew down. By cutting food into smaller

These Dive Spots In India Could Be Your Next Passport-Free Holiday Destination

When was the last time you tried something that is both exhilarating and meditative and which takes you to a completely new world? Diving is a completely new world that changes the way you see, the way you move and (literally) the way you breathe. In return, it allows you access to a world completely hidden from us terrestrial beings and we guarantee that it will take your breath away! If

Lenovo Ideacenter Stick 300 is a Windows PC on a Stick

Ideacenter Stick 300 is Lenovo's brand new PC-on-a-stick device designed to be taken anywhere and can transform almost any display into a Windows computer. The new device comes in several spec levels, featuring an Intel Baytrail CPU, up to 2GB of RAM, up to 32GB of storage, Wi-Fi 802.11 b/g/n, Bluetooth 4.0, and SD card reader, HDMI out and a single Micro USB port. It will run Windows 8.1 and soon up-gradable to Windows 10 when the OS launches. Ideacenter Stick 300 will soon be available on Lenovo’s online store. 

Read more »

No service tax liability on sub-contractor when full service tax was paid by contractor

[2015] 58 taxmann.com 154 (New Delhi - CESTAT)/[2015] 37 STR 848 (New Delhi - CESTAT)

Where there was practice of contractors to pay service tax on full value,

Transportation of export cargo from CFS to Port of shipment - Demand of ST under BSS - Tribunal holds that transportation of export cargo cannot be classified under Business Support Service - Total waiver of pre-deposit and stay granted

CHENNAI: APPELLANT is a Container Freight Station (CFS) appointed by the Commissioner of Central Excise, Coimbatore. Adjudicating Authority confirmed demand of Service tax under Business Support Services for transportation of export cargo from CFS to Port of shipment. Appellant contended that since they are a CFS, all their activities are covered under cargo handling service and

Relaxation to complete Advanced ITT Course after the Final Examination but before enrolling as a member of the Institute

As per Regulation 29C(1)(iv) of the Chartered Accountants’ Regulations 1988, students who have registered for Practical Training on or after February 1, 2013 are required to complete Advanced IT Training before admission to the Final Examination. The Council at its 343rd Meeting held on June

IT/ILT : Auditor's certificate spelling out Head Office 'HO' overheads as a percentage of revenues of Indian Entity cannot be accepted

IT/ILT : Auditor's certificate spelling out Head Office 'HO' overheads as a percentage of revenues of Indian Entity cannot be accepted as the basis for determining whether reimbursement for head office expenses received from

CBDT notification in relation to auditors

IMG-20150626-WA0028.jpg

EPF notification regarding online payment

Bkg_MandatoryDepositOnline_12871.pdf803051875.pdf

State Bank Of India Intends to outsource concurrent audit function to chartered accountant firms

State Bank Of India
Last Date : Jun 27, 2015
Intends to outsource concurrent audit function to chartered accountant firms.

Vacancy for CA in Johnson & Johnson

Date: Jun 26, 2015

Location: Greater Mumbai, IN

Assistant Manager - Finance-1500047531W

Description

Johnson & Johnson - INDIA

Job Description

Johnson & Johnson – Consumer: The Consumer segment of Johnson & Johnson touches a billion lives around the world and works with the vision of 'Bringing science to the art of healthy living'. We

Apple iPhone 6 ‘explodes’ in middle of call in Gurgaon: Report

http://tech.firstpost.com/news-analysis/apple-iphone-6-explodes-in-middle-of-call-in-gurgaon-report-271890.html?utm_source=top_stories

Modiji becomes first PM to be exempted from filing IT return as he has stayed less than 180 days in India

http://my.fakingnews.firstpost.com/2015/05/25/modiji-becomes-first-pm-to-be-exempted-from-filing-it-return-as-he-has-stayed-less-than-180-days-in-india/

What is a recoverable amount? IAS -36

According to IAS 36, a recoverable amount is the higher of an asset’s
fair value less cost to sell and asset’s value in use.

Fair value less cost to sell is the amount which could be obtained

ICAI - International conference

http://icai.org/new_post.html?post_id=11582

Deadline for Exchanging Your Pre-2005 Currency Notes Extended

http://profit.ndtv.com/news/forex/article-deadline-for-exchanging-pre-2005-currency-notes-extended-775341

Allahabad Bank Stock Auditor Empanelment 2015-2016

Allahabad Bank Stock Auditor Empanelment 2015-2016 (AP or Telangana)

Vacancy for CA/CS/ICWA in Uranium Corporation of India Limited

http://indiatoday.intoday.in/education/story/uranium-corporation-of-india-limited/1/446542.html

Deadlock leaves Greece closer to default

Greek Prime Minister Alexis Tsipras and his country’s creditors have failed to reach a bailout deal at emergency talks, raising fresh fears that Athens will default on an IMF loan next week.

The differences remain so great despite two days of marathon talks that Greece and the lenders from the European Union and the International Monetary Fund were expected to present rival reform proposals to

Welcome to XBRL ICAI latest changes

http://www2.xbrl.org/in/nmpxbrl.aspx?id=432

Vacancy for CA/CS in Ultratech

Job Description 

Requisition Title

:SH Sy D&Comp Mum MUM West 

Job Number:

Audit Assignments 25/06/2015

Orissa Industrial Infrastructure Development Corporation Last Date : Jun 25, 2015 Expression of interest from chartered accountant firms for statutory audit and internal audit. Address: IDCO Towers, Janpath Bhubaneswar-751022

Govt has released draft gold sovereign scheme

govt-releases-draft-sovereign-gold-bonds-scheme-to-reduce-the-demand-for-physical-gold.pdf1989935230.pdf

263 petition for additions u/s 68 at ITAT will not be heared until further orders

AS per direction of President, ITAT, vide order dated 22.06.2015, the cases filled u/s 263 , where additions have been made u/s 68 / 69, which are pending before ITAT, Kolkata benches are

ETDS RPU 4.4 released

• NSDL RPU Version 4.4 for quarterly e-TDS/TCS statements from FY 2007-08 Download RPU version 4.4
• Features of RPU 4.4

Procedure for CONVERSION OF LOAN INTO SHARE CAPITAL & RIGHT ISSUE which ARE PRACTICAL WAYS TO RAISE CAPITAL FOR SME

CONVERSION OF LOAN INTO SHARE CAPITAL & RIGHT ISSUE ARE PRACTICAL WAYS TO RAISE CAPITAL FOR SME:

Introduction: Issue of shares has remained area of concern under the Companies Act, 2013. This article contains the process to raise capital by converting loan into share capital or by right issue. It is also recommend that conversion of loan into share capital or right issue is a simple & more practical process to raise capital under new era for companies specially, small & medium size companies.

Different ways of issue of capital as specified under Companies Act, 2013 are as follows:

i)        Right Issue to Equity  share capital on pro rata basis u/s 62(1)(a).

ii)      Preferential Allotment [To predetermined  person(s) including Equity shareholders who agreed to

Vacancy for CA in Idea cellular

Job Description 

Requisition Title

:Senior Manager - Finance & Accounts - Financial Reporting 

Job Number:

:150103YT 

Schedule

:Full-time 

Primary Location

:India-Maharashtra-Mumbai 

ITR STATUS A Y 2015-16 now available

ITR STATUS A Y 2015-16

UTILITIES AVAILABLE
Form No./ Who can File/ Source of Income

ITR – 1 SAHAJ -ONLY INDIVIDUAL –

1.Salary 2. Only one House Property – No B/F losses 3. Other Sources – No B/F losses

Scrutiny of refurbished return forms for Assessment year 2015-16

I. Introduction to New Rule 12

The Rule 12 of the Income-tax Rules was amended vide Notification No. 41/2015, Dated 15-04-2015. The new ITR Forms 1, 2 and 4S were notified for the assessment year 2015-16 vide said notification.

In view of various representations received it was announced that these ITR forms will be reviewed. Having

ICAI invites Suggestions on GST

The biggest tax reforms in the history of Independent India are taking its final shape as the Constitution (122nd Amendment) Bill relating to the Goods and Service Tax (GST) has been passed by the Lok Sabha. Multiplicity of taxes, varying rates, costly compliance and lower revenue to the public exchequer are some of the important reasons which have compelled the administrators to bring in an effective tax system which can address such issues. GST will integrate the State economies and boost overall growth. It would subsume

ACCEPTANCE OF DEPOSITS document by ICSI

Section 73 to 76 of the Companies Act, 2013  read with Companies (Acceptance of Deposits) Rules, 2014 made under Chapter V of the Act regulate the invitation and acceptance of deposits. It prohibits acceptance of deposits except from the members through ordinary

Updated Compilation of Circulars issued by MCA till date on Companies Act 2013

Please find below the Circulars issued by the Ministry of Corporate Affairs till-date, since the commencement of Companies Act, 2013:

1.                   General Circular No. 09/2015 - Clarification on repayment of deposits accepted by the companies before the commencement of the Companies Act, 2013 under section 74 of the said Act.

The circular while referring to the Explanation appearing below Rule 19 of the Companies (Acceptance of Deposits) Rules, 2014, clearly establishes the fact that the expressions "deposits accepted prior to 1st April, 2014" or "deposits accepted by the companies before the commencement of the Companies Act, 2013" would mean deposits under the relevant provisions of the Companies Act, 1956 (also referred to as Earlier

Service Tax - Amway, for direct sales, no Service Tax - Second Level Distributors liable to Service Tax: CESTAT

NEW DELHI: AMWAY is a company engaged in marketing and sale of consumer products and it markets its products through direct selling and for this purpose Amway appoint persons as distributors who buy the products to be marketed from Amway at Distributors Acquisition Price (DAP) and are required to sell the

Audit Assignments/ opportunities for 24/06/2015

State Legal Nodal Agency - Lucknow Uttar Pradesh Last Date : Jun 24, 2015 Expression of Interest for Chartered Accountant Services for Audit works. Address: State Legal Nodal Agency, Eldeco corporate tower, vibhuti khand Gomti Nagar,

Vacancy for CA in PWC

Requirement	Manager - DT Corporate tax - 6818/[2014]
Location
Openings	1	Experience	5.00 to 7.00 years
Education	NA
Skills	Corporate tax advisory, litigation and compliance
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 • Optimum use of corporate tax incentives in proposed business activities

Govt proposes tax benefits for credit and debit card payments

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The Narendra Modi government on Monday proposed income tax benefits for people making payments through credit or debit cards and doing away with transaction charges on purchase of petrol, gas and rail tickets with plastic money.

In a draft paper for moving towards cashless economy and reduce tax avoidance, the government also proposed to make it mandatory to settle high-value transactions of more than Rs 1 lakh through electronic

Govt woman employee can get uninterrupted 2-yr leave for child care – SC

In the present case, the appellant claimed for 730 days of CCL at a stretchto ensure success of her son in the forthcoming secondary/senior examinations (10th/11th standard). It is not in dispute that son was minor below 18 years of age when she applied for CCL. This is apparent from the fact that the competent authority allowed 45 days of CCL in favour of the appellant. However, no reason has been

Articles on Companies Amendment Act and MCA Exemption Notifications

Companies Act, 2013 (Act) has brought about enormous changes in almost every sphere of Corporate Compliance, Management and Administration. Every change brings with it some complexities, resistance and issues. Some of the major concerns raised by the stakeholders regarding the Act are onerous reporting requirements, practical difficulties in complying with requirements laid down in some of the commenced provisions, repeated compliance provisions in some cases and stringent provisions relating to punishment for defaults for complying with procedural laws. Another concern is withdrawal of almost all the exemptions and privileges, barring a very few, available to private

Automobile Cess is also duty of excise - Rebate under Notification No 19/2004 CE (NT) is admissible - Order of Revision Authority denying benefit is quashed - High Court

BANGALORE : THE Petitioner is engaged in manufacture of motor cycles / two wheelers. They manufactured the vehicles at their Mysore plant and cleared them on payment of duty to their Hosur plant from where they were exported. The petitioner's Hosur plant had not availed CENVAT credit against the consignments which were removed to the Hosur plant and exported. The Hosur unit had issued the disclaimer certificate to enable the petitioner to claim rebate of duty paid on

SC : quashes CVC direction that pending a criminal investigation, departmental proceedings are to be held in abeyance

SC : quashes CVC direction that pending a criminal investigation, departmental proceedings are to be held in abeyance

[2015] 58 taxmann.com 231 (SC)

IFRS Foundation publishes proposal related to IFRS Taxonomy 2015

http://www.iasplus.com/en/news/2015/06/ifrs-taxonomy-ed

IFRS Foundation publishes teaching material for education initiative

http://www.iasplus.com/en/news/2015/06/ed-initiative

Attested KYC records for applying digital signatures from 01/06/2015

Digital signature issuing agency are stating that from 01/06/2015 all dsc applications require attested copies of PAN and Address proof of the applicant and attestation only from Gazetted officers/Bank Manager/Post Master   accepted   but insisting attested documents against the central government direction of accepting self

Hiring Of Services Of A Tax Cum Accounts Consultant' Firm.

National Informatics Centre Service Incorporated
Last Date : Jun 23, 2015
Hiring Of Services Of A Tax Cum Accounts Consultant' Firm.

Chartered accountants experience in computerization of accounts, framing of accounts manual and imparting training to the staff.

Jammu And Kashmir Sheep And Sheep Product Development Board
Last Date : Jun 23, 2015
Chartered accountants experience in computerization of accounts, framing of accounts manual and

Vacancy for CA/ICWA in Pawan Hans Helicopters Limited (PHHL)

Pawan Hans Helicopters Limited (PHHL)

Manager (Internal Audit)

Pawan Hans Limited

Address: C-14, Sector-1, Gautam Budh Nagar

Postal Code: 201301

City: Noida

State: Uttar Pradesh

Educational Requirements: Candidates should be CA's / ICWA's / MBA's from a recognized

Vacancy for Inter CA in Insurance Regulatory and Development Authority of India (IRDAI)

Insurance Regulatory and Development Authority (IRDA)

Assistant/RajBhasha Assistant

Insurance Regulatory and Development Authority of India (IRDAI)

Address: 3 rd floor, Parishram Bhavan Basheerbagh

Postal Code: 500004

City: Hyderabad

State: Telangana

Pay Scale: Selected candidates will draw a starting basic pay of Rs.14,500/- per month in the scale of Rs. 14,500 – 600 (7) – 18700 – 700(2) – 20,100 – 800(7)– 25,700 (17 years) and other allowances, like. Dearness Allowance, House Rent Allowance, City Compensatory Allowance, Grade Allowance,

Non-payment of statutory liability before due date of filing of return would attract disallowance under Section 43B even if assessee had offered his income on presumptive basis

ITAT makes sec. 43B disallowance even when assessee opts for presumptive taxation scheme-
June 19, 2015[2015] 58 taxmann.com 267 (Panaji - Trib.)
IT: Non-payment of statutory liability before due date of filing of return would attract disallowance under Section 43B even if assessee had offered his income on presumptive basis.
ISSUE
Whether disallowance of Section 43B could be made even when assessee opted for presumptive

TDS on Teaching Fee to visiting CA Faculty

This indeed is a sour point with many visiting professors. Section 194J contemplates deduction of tax from fees for professional and technical services. When you offer your teaching services, you are not offering any professional services because teaching is not one of the professions covered by Section 194J. That you are a

Fake ICAI website cheats CA aspirants

http://timesofindia.indiatimes.com/city/rajkot/Fake-ICAI-website-cheats-CA-aspirants/articleshow/47688660.cms

CA Netas dont have time for its fraternity

Till date our Reputated Netas of CA fraternity don’t have time to write to Govt for Income Tax forms.

In later Stages when we will not have adequate time for Audit and filing TAR and dates will be extended, then these all Netas will come forward saying, that they had done a Miracle for our CA fraternity (in getting

Ginkgo Solar Tree Charging Station

The Ginkgo Solar Tree charging station for the iPhone and iPad comes with a extra large 4.000 mAh rechargeable lithium battery to store your clean energy. This unique design is based on the Japanese Ginkgo tree and its made from eco-friendly plastic and bamboo. On the aluminum base there is a small black grip located to use as phone or tablet standard while charging. A green LED light will pop up when charging the Ginkgo. With one push on the indicator the other 4 blue lights will display the status of the battery. 

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