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Sunday, October 14, 2018

MCA amends Instructions For Preparation of Balance Sheet and Statement Of Profit And Loss of A Company / NBFCs

MCA amends Instructions For Preparation of Balance Sheet and Statement Of Profit And Loss of A Company / NBFCs
Ministry of Corporate Affairs notifies Ind AS Schedule III applicable to NBFCs. Schedule III will apply to NBFCs covered under Ind AS applicability. MCA has also amended the existing Division I (Indian GAAP) & Division II (Ind AS) Schedule III. Ind AS Schedule III changes require companies preparing Ind AS financial statements to give additional disclosures related trade receivables, loans

Saturday, October 13, 2018

Godrej &Boyce ltd restart FD schemes

ICAI constitutes a high power group to look into ILFS failure

In the recent past, there have been news reports regarding diversion of loan money in IL&FS and its subsidiary companies.  The Disciplinary Directorate of the Institute of Chartered Accountants of India (ICAI), upon coming across such news report has suo motu taken cognizance of the matter and issued notice on October 4, 2018 to the audit firms that carried out statutory audit works of IL&FS for the last 5 years.

Imp Questions for Nov-2018 Stratergic Management IPCC by Sonali Jain

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Why an amendment is proposed in Section 49 of the Income-tax Act in the Budget 2018?

1. Introduction
The Finance Bill 2018 through clause 18 proposes to amend section 49 of the Income-tax Act (the Act) so as to provide that where the capital gain arises from the transfer of a capital asset, referred to in clause (via) of section 28, the cost of acquisition of such asset shall be deemed to be the fair market value which has been taken into account for the purposes of the said clause.
The following amendments which have a bearing on the proposed amendment to section 49 are pertinent-

Vacancy for CA in Infosys

Company: Infosys Limited India
Job ID/Ref Code: Inf_EXTERNAL_10023907_36
Skill(s): Financial Accounting, Budgeting, Forecasting, Financial Analysis, Tax, Audits etc.
Experience Range: 05-08 years
Primary Location: Bangalore
Location(s):

Job Description
Role Designation- Associate/Senior Associate Finance

Responsibilities-  Reviewing and analyzing all business contracts  Monitoring and controlling corporate budgets  Managing investor relations  Preparing and filing all tax returns and keeping

In the works: Uniform stamp duty for financial instruments

Companies may have to show ledgers for claiming GST credit of over Rs 25 lakh

Companies that availed of more than Rs 25 lakh credit under the goods and services tax (GST) regime in lieu of levies paid under the previous system will soon have to give details of their purchase ledgers for six months before the new tax regime was rolled out.

The government will soon bring out a new ‘credit growth return’ form. This comes after a detailed

Vacancy for CS in aphelion finance pvt.ltd

POSITION / JOB TITLE :  Company Secretary
The Incumbent is responsible for
  • All Secretarial works mentioned in details in KRA along with legal issues, drafting and vetting of agreements, legal notices etc except those directly handled by legal Head.
  • Auditing of loan documents, preparing, validating, supervising and ensuring that standard

Why the GST audit can be seen as an opportunity, not just a futile compliance exercise

Why the GST audit can be seen as an opportunity, not just a futile compliance exercise
The goods and services tax (GST), which was implemented on July 1, 2017, has been one of the biggest indirect tax reforms India has ever seen. The initial year of GST has not been smooth. Typically, as a part of the GST implementation process, taxpayers across the nation carried out series of activities, including taking tax positions, extensive upgradation of ERP, and alteration of processes

Now GST on complimentary match tickets

Delhi government launches drive against GST defaulters

 Read more at: http://www.sify.com/finance/delhi-government-launches-drive-against-gst-defaulters-news-finance-skmxUObdhbffb.html
Delhi government launches drive against GST defaulters

Read more at: http://www.sify.com/finance/delhi-government-launches-drive-against-gst-defaulters-news-finance-skmxUObdhbffb.html
In order to ensure compliance of Goods and Services Tax (GST) provisions, the Delhi government on Friday launched an extensive drive against tax and return defaulters with an aim to increase revenue for the national capital. The move by the Department of Trade and Taxes is aimed at checking tax evasion and bridge the revenue gap.

Read more at: http://www.sify.com/finance/delhi-government-launches-drive-against-gst-defaulters-news-finance-skmxUObdhbffb.html
New Delhi: In order to ensure compliance of Goods and Services Tax (GST) provisions, the Delhi government on Friday launched an extensive drive against tax and return defaulters with an aim to increase revenue for the national capital. The move by the Department of Trade and Taxes is aimed at checking tax evasion and bridge the revenue gap. "A detailed strategy has been chalked out by the department and numerous instructions like identifying dealers carrying out business without registration and rigorous follow-up of notices to non-filers of return have been issued to GST officers of the state tax department," VAT Commissioner H. Rajesh Prasad said giving details of the drive. Other instructions, Prasad said, include identification and action against tax payers claiming excessive Input Tax Credit (ITC) in GSTR-3B filed as compared to GSTR-2A, action against tax payers showing lesser output tax liability in GSTR-3B filed as compared to GSTR-1, scrutiny of Input Tax Credit (ITC) claimed by the tax payers in TRAN-1 form and action on the tax payers claiming excessive ITC. The drive will also include physical verification of at least 10 per cent of new tax payers to curb issuance of bogus invoices, physical verification of old or migrated tax payers in suspicious cases, creating mobile squads to check the system of e-way bill and invoices during the movement of goods within Delhi, and verification of the returns filed by work contractors in Delhi. A statement by the Delhi government said that show-cause notices have also been issued to 51,500 tax defaulters. "As of now, notices have been issued to the 51,500 tax payers who have not filed GSTR-3B returns for the tax periods concerned," the statement said. Besides, it said, 135 notices have been issued in respect of excessive claim of ITC in GSTR-3B by the tax payers, and 837 notices have been issued for showing lesser output tax liability in GSTR-3B returns by the tax payers as compared to GSTR-1.

Read more at: http://www.sify.com/finance/delhi-government-launches-drive-against-gst-defaulters-news-finance-skmxUObdhbffb.html

Request For Proposal For Appointment Of Internal Auditor Heifer Project International

  • Heifer Project International, Noida-Uttar Pradesh (05 Oct 2018) Request For Proposal For Appointment Of Internal Auditor In Delhi/Noida
    Address :

Thursday, October 11, 2018

Vacancy for CA in Star India

Senior Executive-Corporate Governance

Legal
OVERVIEW OF THE COMPANY
StarStar India has defined the Indian media landscape for over two decades and today is one of the country’s leading media conglomerates, reaching approximately 650 million viewers a month across India and more than 100 other countries. Star generates 20,000 hours of content every year and

University Of Mumbai, Mumbai, Maharashtra Expression Of Interest (EOI) Form The Reputed Firm Of Chartered Accountants For Appointment Of Internal Auditor And Tax Consultant For The Financial Year 2018-19

  • University Of Mumbai, Mumbai, Maharashtra Expression Of Interest (EOI) Form The Reputed Firm Of Chartered Accountants For Appointment Of Internal Auditor And Tax Consultant For The Financial Year 2018-19 And

DIT (Exemptions) Issue instructions for speedy refund of Income Tax Trust to benefit

Wednesday, October 10, 2018

(IL&FS) will be the first case for the newly constituted auditors’ watchdog (NFRA).


The crisis surrounding debt-laden Infrastructure Leasing & Financial Services (IL&FS) will be the first case for the newly constituted auditors’ watchdog, National Financial Reporting Authority (NFRA).
“IL&FS will be a test case for NFRA,” a top government official told Moneycontrol adding that the authority is in the process of beginning its assessment of the role of auditors of the business

REQUEST FOR PROPOSAL (RFP) FOR FINANCIAL AND TAX DUE DILIGENCE OF BANK OF BARODA, DENA BANK AND VIJAYA BANK FOR THE PROPOSED AMALGAMATION OF BANK OF BARODA, DENA BANK AND VIJAYA BANK

REQUEST FOR PROPOSAL (RFP) FOR FINANCIAL AND TAX DUE DILIGENCE OF BANK OF BARODA, DENA BANK AND VIJAYA BANK FOR THE PROPOSED AMALGAMATION OF BANK OF BARODA, DENA BANK AND VIJAYA BANK
Address :

CPE Calendar 2018-2019 obligatory topics

PART A : STANDARD PROGRAMME STRUCTURE ON FOCUS TOPICS
BEGINNERS COURSE ON GST TO ENABLE MEMBERS TO CONNECT TO THE NEW LAW-INDIRECT TAXES COMMITTEE
1. Overview and Levy
2. Scope of Supply
3. Registration
4. Transitional Provisions
5. Returns and Refunds
6. Job work
7. Export Related GST compliances

Vacancy for CA in DUFF AND PHELPS, LLC


Our professionals balance analytical skills, deep market insight and independence to deliver solid, defensible analysis and practical advice to our clients. As an organization, we think globally. We create transparency in an opaque world, and we encourage our people to do

Now Govt will reward you in these ways for paying tax

NEW DELHI: A cup of tea with the state governor, priority check-in at the airport, passports on priority, dedicated toll lanes, airport lounge access — these are some of the rewards that could be offered to exemplary taxpayers.
The government is looking to put in place an incentive programme to reward and recognise honest taxpayers to encourage a culture of compliance. A committee has been set up under Central Board of Direct Taxes (CBDT) to draw up the scheme, a top official told ET.
The government has launched several measures to root out black money, including stringent legislation, comprehensive amendments to the benami law and a major crackdown against tax evaders under Operation Clean Money. With a number of deterrents having been put in place, the

NAA actions proves that Consumer is King under GST regime

After penalising multi-brand retailer Lifestyle International and home-builder Pyramid Infratech, the National Anti-profiteering Authority (NAA) on Tuesday penalised a dealer based out of Uttar

Kanpur Chartered Accountants' Society in association with Rotary Club of Kanpur Gaurav is organizing a Conference

Kanpur Chartered Accountants' Society in association with Rotary Club of Kanpur Gaurav is organizing a Conference: 
Venue: Sir Padampat Singhania Auditorium, Civil Lines, Kanpur (Merchant Chambers UP)
Date and Time:

From January, CA-issued certificates will have unique IDs to prevent forgery

All certificates issued by chartered accountants will have a unique document identification number from January next year as part of efforts to prevent forgery of documents.
The Institute of Chartered Accountants of India (ICAI), which has more than 2.92 lakh members, on Tuesday said it has introduced the Unique Document Identification Number (UDIN) for the members.
According to the institute, there has been an increasing trend to forge the stamp and signature of

Worth reading very well written by Mr. Uday Kotak to equity investors

Worth reading very well written by Mr. Uday Kotak

i wrote this to my clients earlier today. You may find it reassuring under the circumstances.
Uday Kotak.
———————-

~ The weekend has brought much needed respite from days of correcting markets, and offers a timely opportunity to reflect on this.

The *panic* that seems to have spooked investors is largely on account of 3 factors;

Tuesday, October 9, 2018

Chartered Accountants should take this precautions while filing 3CD to prevent penalty u/s 271J

The Tax Audit due date is on peak. All the Chartered Accountants are busy completing their works. It is known fact that any mistake by the Chartered Accountant in the Tax Audit Report will cost him Rs. 10,000/- as per Section 271J of the Income Tax Act, 1961.
Section 271J of the Income Tax Act, 1961 reads as under:

Vacancy for CA / ICWA in Capgemini

Short Description
Financial Analysis & reporting
Qualifications
B.Com/ M.Com/ CA/ ICWA/ MBA-Finance
Job Responsibilities
Job Description
(Roles and responsibilities)
Job Description
  • Ensure timelines, accuracy and quality of reports in high growth environment.
  • Provide scalability & strengthen analytical capabilities.
  • Thorough understanding of reporting and consolidation process

GST Audit- Backbreaking compliance for taxpayers and auditors

Various measure have been taken by the government to ensure compliance of GST law and audit is one them. Audit conducted under GST law is the examination of records maintained by a taxable person to verify the correctness of information furnished, taxes discharged, refund claimed and input

28% slab of GST is to go: Sushil Modi

Traders may get a sigh of relief as the highest rate under the GST regime, which is 28 per cent, would soon become a thing of the past. Bihar Deputy Chief Minister and GST Network panel head Sushil Kumar Modi assured this saying that it is doable in the near future.
Modi also informed that looking at pace of revenue collection coming under the regime within two-

Waiver of Loan - GST Perspective

Introduction
1. A 'loan waiver' is the waiving of the real or potential liability of the person or party who has taken a loan through the voluntary action of the person or party who has taken loan. In contrast to loan waiver there is also a concept of 'loan write off' wherein the loan is removed from the Balance

High court warns PCIT over lack legal administration in Dept

PCIT vs. Radan Multimedia Ltd (Bombay High Court)

There is no discipline in the manner the Dept conducts matters. The Dept should not take legal matters casually and lightly. There should be a dedicated legal team in the department. Lack of preparation is affecting the performance of the advocates. They do not have full records & do

Monday, October 8, 2018

CBDT *further extends* due dt for filing of IT Returns & audit reports

CBDT *further extends* due dt for filing of IT Returns & audit reports from 15th Oct,2018 to *31st Oct, 2018* for all assessees liable to file ITRs for AY 2018-19 by 30.09.2018,after considering representations from stakeholders. Liability to pay interest u/s234A of ITAct will remai.

Vacancy for CA in Morgan Stanley


POSTING DATE

:  Oct 8, 2018

PRIMARY LOCATION

:  Non-Japan Asia-India-Maharashtra-Mumbai (MSA)
EDUCATION LEVEL:  Bachelor's Degree

JOB

:  Finance
EMPLOYMENT TYPE:  Full Time
JOB LEVEL:  Analyst

DESCRIPTION

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and

Overview on ICDS and its impact

Compliance calendar for the month of Oct18

Tax deduct at source under section 194C--Lorry charges paid to different truck owners for transportation of goods

Tax deduct at source under section 194C--Lorry charges paid to different truck owners for transportation of goods--Applicability
Conclusion: Where assessee had merely facilitated transportation of goods by hiring lorries, the assessee was not liable to deduct tax at source under section 194C on lorry charges paid to truck owners because there was no direct

Sunday, October 7, 2018

Vacancy for CA in Grand Hyatt Mumbai




Job Description

 You will be responsible for the efficient running of the department in line with Hyatt International's Corporate Strategies and brand standards, whilst meeting employee, guest and owner expectations.
You will be required to supervise and oversee the accounts payable, receivable, ledger, credit and all

All about GST TDS applicable from 1/10/18

about GST TDS
Section - 51 of CGST Act
Effective Date: 01.10.2018
What Section Says:
Persons notified vide Notification No. 33/2017 - Central Tax, shall be liable to deduct tax @1% under CGST and 1% under SGST from the payment made or credited to the supplier of taxable goods or services or both if the total value of such supply, under a contract,EXCEEDS TWO LAKH AND FIFTY THOUSAND RUPEES (Rs. 2,50,000).
Notified persons 33/2017:

AUDIT REPORTS/REPORT OF ACCOUNTANT, ETC., PRESCRIBED UNDER INCOME-TAX RULES

AUDIT REPORTS/REPORT OF ACCOUNTANT, ETC., PRESCRIBED UNDER INCOME-TAX RULES
Rule Relevant section of the Income-tax Act Prescribed Statement/Audit Report Prescribed Form No.
(1) (2) (3) (4)
2D(5)(f)10(23F)1Audit report by venture capital fund or venture capital company to DG (IT) Exemptions—
2E(6)10(23G)2Audit report to Chief Commissioner by enterprise engaged in eligible business—
5A332(1)(iia)Report of accountant required under section 32(1)(iia)3AA
5AC33AB(2)Audit report required under section 33AB(2)3AC

ICAI’s new initiative to trace fake chartered accountants

The Institute of Chartered Accountants of India ( ICAI ) has asked its members to register with its new venture, ie., Unique Document Identification Number to trace out the fake Chartered Accountants.
“It has been noticed that financial documents/ certificates attested by third person misrepresenting themselves as CA Members are misleading the

Saturday, October 6, 2018

Vacancy for CA in JPMorgan, Chase

Analyst — IB F & BM (CFO MIS)

Req #: 180101374
Location: Mumbai, MH, IN
Job Category: Accounting/Finance/Audit/Risk
JPMorgan Chase is a leading global financial services firm with assets of $1.1 trillion and operations in more than 50 countries. The firm is a leader in investment banking, financial services for consumers and businesses, financial transaction processing, asset and wealth management, and

Union Bank invites applications from CA/ Cost Accountants Firms for empanelment as stock auditors.

AHMEDABAD WE ARE LOOKING (CS TRAINEE EXECUTIVE- PROFESSIONAL) - PAID TRAINEE - PAID ARTICLE - ) ​CS ​-​MCA ​-​NCLT​-​ TM ​-​IBC 130918

AHMEDABAD : WE ARE LOOKING (CS TRAINEE EXECUTIVE- PROFESSIONAL) - PAID TRAINEE - PAID ARTICLE - CS (SIX) CS -MCA -NCLT- TM -IBC
Work AREA CS -MCA -NCLT- TM -IBC 
Email you CV first

Internal Auditor not to undertake Goods and Service Tax

We have received enquiries from the members at large and other 
stakeholders as to whether an internal auditor of an entity can also 
undertake GST Audit of the same entity as required under the Central 

Key amendments in relation to Rights, Bonus, QIP and Preferential Issue under SEBI (ICDR) Regulations, 2018

SEBI in order to align its provisions under ICDR Regulations with Companies Act, 2013 and allied regulations, had come with its consultation paper on May 04, 2018 detailing the suggestive changes under various fund raising options by listed issuers. In continuation to the same, SEBI

Tuesday, August 21, 2018

Decoding changes in LTCG on listed equity shares

Navigating through the complex changes in the taxation of capital gains on listed equity shares

On February 1, 2018, the long running tax-free party for equity investors finally met its pooper. Budget 2018 imposed 10 per cent tax on long-term capital gains (LTCG) above ₹1 lakh a year on listed equity shares and equity mutual funds. This tax kicked in from April 1, 2018. It has a wide impact — not just on

CAN A TRUST CAN BE MEMBER OF A COMPANY ?


As per section 5 of the LLP Act, 2008, any individual or body corporate can become a partner in an LLP. While technically, a trust represented by a trustee company could be regarded as a body corporate, practically there existed an ambiguity as to whether a trustee representing a domestic trust could be permitted to become a partner in LLP.

REITS, INVITS AND ALTERNATIVE INVESTMENT FUNDS (AIFS).

This uncertainty led to inadvertent hurdles in the smooth implementation and functioning of the investment pooling vehicles such as REITs, InvITs and Alternative Investment Funds (AIFs). It may be noted that the regulations pertaining to REITs and InvITs recently introduced by SEBI stipulated that REITs and InvITs being set up as a trust could hold specified assets either directly, or through Special Purpose Vehicles (SPVs). The SPVs could either be a company or an LLP.

SEBI REGULATIONS DEALING WITH AIFS

Similarly, according to SEBI regulations dealing with AIFs, an AIF could be incorporated as a trust to make investments in investee companies. The term ‘investee company’ has been defined to mean any company, SPV or LLP or body corporate in which an AIF makes an investment.

MCA CLARIFICATION ON TRUST BEING A MEMBER OF COMPANY

The Ministry of Corporate Affairs (MCA) has recently issued General Circular No. 37/ 2014 dated October 14, 2014, stating that a trustee (being a body corporate) of Real Estate Investment Trusts (REITs), Infrastructure Investment Trust (InvITs), or any other trust set up under the regulations prescribed under the Securities and Exchange Board of India (SEBI) Act, 1992, is not barred from becoming a partner in an limited liability partnership (LLP). Furthermore, such bodies corporate are permitted to hold partnership in an LLP without an addition of the statement that it is a trustee.


 Trust can hold share in the company. Trust will be the registered shareholder and beneficiaries will be the beneficial shareholder. MGT-4, MGT-5 and MGT-6 needs to be filed for the same.

WELCOME MOVE BY MCA

The clarification by the Ministry is a welcome move providing clarity in

REDUCTION OF TIMELINE FOR LISTING OF DEBT SECURITIES AFTER THE CLOSURE OF THE ISSUE TO 6 WORKING DAYS AS AGAINST THE PRESENT REQUIREMENT OF 12 WORKING DAYS.


In order to make the existing process of issuance of debt securities, Non Convertible Redeemable Preference Shares, and SEBI (Public Offer & Listing of Debt Instruments) Regulations & SEBI ( Issue of and Listing of Securities by

GST on common expense

Recently the AAR has delivered something which is common for the GST thinkers and the one working with the corporates with the better accounting practices and not so common for the layman and the small and medium companies.
Yes, I am talking amount the recent pronouncement by the Authority of Advance Ruling

Disallowance under Section 43B of I-T Act, 1961 and unpaid Service Tax


Disallowance under Section 43B of I-T Act, 1961 and unpaid Service Tax 

By Lukose Joseph, CA & Anil P Nair, CA
Executive Summary
BY virtue of Section 43B read with Section 145A of Income Tax Act, 1961 and decision in ACIT v Real Image Media Technologies - 2007-TIOL-514-ITAT-MAD if service tax is not routed through Profit and Loss Account, but is entered

Saturday, August 4, 2018

ICAI Representation on Revised Form 3CD

Summary of Amendments in 3CD FORM for AY 2018-19


_*6 Amendments + 9 Insertions = Total 15 Changes*_
*Summary of Amendments:*
1. *sl 4* - GSTIN to be mentioned.
2. *sl 19* - Allowance under Section 32AD is to be reported.
3. *sl 24* - Deemed gains under Section 32AD to be reported.
4. *sl 26* - Clause (g) of Section 43B (sum payable to Indian Railways for use of assets) is to be

Discrepancies in CA results reported

Thursday, August 2, 2018

Multipurpose Empanelment Form (MEF) Application for the year 2018-19

Multipurpose Empanelment Form (MEF) Application for the year 2018-19 with the following key highlights:
  1. Acceptance of digitally signed or uploading the declaration duly signed by all continuing Partner (s) / Proprietor of the firm or Member practicing in individual name.
  2. Introduction of Grey Fields in front of pre-filled fields (in Green) to facilitate the applicant

All things that GST Authorities want you to do - new 'simplified' GST returns

CONTINUING with the Government's leitmotif, yesterday, a 54 pages booklet containing the new "simplified" GST returns and formats was placed in the public domain.
This article highlights various responsibilities cast on the GST payers in the new return

Tuesday, February 13, 2018

GST- Clarifications regarding GST in respect of certain services Circular No. 32/06/2018-GSTF. No. 354/17/2018-TRU

GST - Circular No. 32/06/2018-GSTF. No. 354/17/2018-TRU

Subject: *Clarifications regarding GST in respect of certain services*

I am directed to issue clarification with regard to the following issues approved by the GST Council in its 25th meeting held on 18th January 2018:-

S. No./Issue/ Clarification

1 *Is hostel accommodation provided by Trusts to students covered within the definition of

Monday, February 12, 2018

Vacancy for CA in Yes Bank

Job Description 

Manager - (SAV000003)

Description

 
  • Understanding and identification of opportunities in market segments and develop new products for identified segments/concepts in line with needs
  • Periodic evaluation and benchmarking against competition offering and propose

Monday, April 17, 2017

Vacancy for CA in J P Chemicals and Pharmaceuticals Limited

Job Description

1. Manage and handle all indirect and direct tax matters.
2. Ensure timely compliance under tax laws including filing of statutory tax returns, dealing with assessments/ appeals etc.
3. Review current tax practices and processes and suggest improvement(if any), in the same.

IT : Where assessee gave interest free loan to its subsidiaries out of surplus funds, impugned disallowance made by Assessing Officer under section 36(1)(iii) was to be deleted

IT : Where assessee gave interest free loan to its subsidiaries out of surplus funds, impugned disallowance made by Assessing Officer under section 36(1)(iii) was to be deleted
IT : Where assessee invested interest free funds to earn exempt divided

Vacancy for CA/CA Inter in Boeing

Job ID 10517Date posted 03/09/2017
Location ChennaiIndia
Job Description
Job Description:

Candidates with audit & good compliance knowledge and able to handle compliances requirements and audit independently. Preferably CA or equivalent with about 5 years of post-qualification experience / CA Inter with 5-8 years of experience / Graduate or Post graduate with 10+ years of experience with good

Negotiable Instruments Act: Where notice under section 138 was issued by registered post correctly addressing to drawer of cheque, even in absence of drawer at correct address, or on his refusal, due services had to be presumed

Negotiable Instruments Act: Where notice under section 138 was issued by registered post correctly addressing to drawer of cheque, even in absence of

Capital Gain in case of Family Settlement

The Madras High Court in a judgment reported as Palanikumar Pillai Vs. Palanikumar Pillai & others (1988) 1 LW 448 explained the scope of 'provision of owelty'. While referring to the Supreme Court judgment in Badri Narain Prasad Choudary & others Vs. Nil Rattan Sarkar (1978) 3 SCR 467, held to the following

Work of chartered accountant firms for maintaining he accounts of units / offices o PSIEC

  • Punjab Small Industries And Export Corporation Limited 
    Last Date : Apr 17, 2017
    Work of chartered accountant firms for maintaining he accounts of units / offices o PSIEC for a period of one year.

    Address: Chandigarh - Haryana - India
    Phone: 
    Email: 
  • Monday, January 9, 2017

    Vacancy for CA in Kotak Mahindra

    Job Description 

    Amendment in Rates of Depreciation u/s 32(1)(ii)


    December 30, 2016
    CBDT curbs the depreciation rates u/s 32
    Notification No. 103/2016 dated 7th November, 2016
    An important amendment was recently notified by the CBDT which can have wide ramifications but which has not been talked about much in the press. This tax alert explains the changes and their impact.
    The CBDT issued a Notification No. 103/2016 on 7th November, 2016 reducing the rates of depreciation under section 32(1)(ii) of the Income-tax Act, 1961 (“Act”) retrospectively from 1st April, 2016 (i.e. for the current

    Extension of last date for compliance of CPE Hours requirement for the year 2016 (ending block period 2014-2016) - from 31st December 2016 to 31st January 2017.

    A. All the members (aged less than 60 years) who are holding Certificate of Practice (except all those members who are residing abroad) are required to:
    a) Complete at least 90 CPE credit hours in a rolling period of three-years.
    b) Complete minimum 20 CPE credit hours of structured learning in each calendar year.

    Monday, August 1, 2016

    Vacancy for CA in J.P. Morgan chase

    Job Description 

    Vacancy for CA Inter in HDFC Bank

    Krishi cess not applicable if invoice generated before May 31

    In a bid to end confusion over retrospective applicability of new Krishi Kalyan Cess, the government has stated that the 0.5 per cent tax will not apply on services whose invoice had been issued on or before May 31. 

    Finance Minister Arun Jaitley had in his Budget for 2016-17 fiscal introduced the 0.5 per

    No excise duty on traded jewellery: CBEC

    Excise duty will be payable only on the first sale of jewellery and not on any items that are re-sold or traded.
    In a detailed letter to field formations, the Central Board of Excise and Customs has also stressed that there should be no inconvenience to taxpayers due to the implementation of the new levy on jewellery.
    “In many cases the manufacturer or the principal manufacturer, may be dealing in both the manufactured

    Reputed Chartered Accountants/ Cost accountants firms for undertaking internal audit & physical verification of stocks in FCI

    Last Date : Aug 02, 2016
    Reputed Chartered Accountants/ Cost accountants firms for undertaking internal audit & physical verification of stocks in FCI, Tamil nadu region.

    Address: Zonal Office (South)No.3, Haddows Road, Chennai

    Vocation of Coaching is not confined to any profession- CA imparting coaching is not rendering professional services of CA

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