NIL TDS intimation to Deptt This article is applicable to all persons having the TAN No. (for TDS deduction purposes) Currently, if there is no TDS to be deducted, […]
All posts by Sunil Agarwal - 6. page
SCHEDULE II – Useful Lives To Compute Depreciation- Updated till 31.08.2014
SCHEDULE II ( With all the amendments till 31.08.2014 ) (See section 123) USEFUL LIVES TO COMPUTE DEPRECIATION PART ‘A’ 1. Depreciation is the systematic allocation of the depreciable amount […]
Computation of Net Profit for CSR contribution as per Section
Table to Compute Net Profit for CSR contribution as per Section 198 of Companies Act, 2013 Particulars FY Net profit after tax* Add : Allowed Credits 1 Profit […]
Can High Court Interfere with discretion of Settlement Commission
Reliance in this regard can be placed on the decision of Hon’ble Allahabad High Court in case of M/s Vinay Wire and Poly Product Private Limited Vs. DGCEx [Writ Tax […]
Completing Income Tax Return without Completing Tax Audit Report
The extension of date for obtaining and submitting the Tax Audit Report till 30th November 2014 for the Assessment Year 2014-15 without extending the due date to file the Return […]
Severe fall in standards of CA profession – ITAT
ITAT held in its order that ICAI CPE programmes might have failed to achieve the desired objectives with some of the Chartered Accountants. It further said that it is hightime […]
Determination of Rate Of Exchange for Service Tax
W.e.f. 28.05.2012, section 67A has been inserted by the Finance Act, 2012 which provides as under: “The rate of service tax, value of a taxable service and rate of exchange, […]
Specify time frame for Disposal of loan applicable -RBI to banks
RBI/2014-15/199 DBOD.No.BP.BC. 35/21.04.048/2014-15 September 1, 2014 The Chairman and Managing Director/Chief Executive Officer All Scheduled Commercial Banks (Excluding Local Area Banks and Regional Rural Banks) Dear Sir/Madam, Timelines for Credit […]
Account cannot be classified at Inoperative if Dividend been credited to such account
RBI /2014-15/200 DBOD.No. Leg. BC. 36/09.07.005/2014-15 September 1, 2014 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Inoperative Accounts Please refer to paragraph 2(iv) of our Circular DBOD.No.Leg.BC.34/09.07.005/2008-09 dated August […]
SEBI further amends ICDR Regulations
SEBI further amends ICDR Regulations Preamble- SEBI has vide Notification No. LAD-NRO/GN/2014-15/06/1372 dated 25th August, 2014 issued Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) […]