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News

Change in process of Assignments of checkers for exams


The examination process inter alia includes a procedure of having the answer books checked after evaluation by examiners by Checkers to ensure that all answers have been evaluated marks awarded have b

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4.14 crore return processed without human intervention this year


Optimum Use of Technology for Expeditious Disposal of Assessment and Refunds In FY 2015 16 94 of income tax returns were filed online and 4 14 crore returns processed without any human intervention Mo

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ICAI - President's Message - May 2016


Dear Members The Indian accountancy profession has consolidated itself internationally to register its wise strong and empowering global presence Today The Institute of Chartered Accountants of India

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CBDT will pay interest on refund for excess TDS deposited


Payment of interest on refund under section 244A of excess TDS deposited under section 195 of the Income tax Act 1961

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Candidates carrying a mistaken notion that they enjoy exemption in a exam paper


Hosting of exemption s in a paper granted in Intermediate and Final examinations valid for May 2016 Exemption s in a paper s are granted to candidates of Intermediate and Final examinations in terms o

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Experts Opinions

Revise tds return u/s 234e penalty & interest


dear sir I have submitted return before due date paid penalty interest after the return Also i like to revise the said return I got said file online I saw said challan in net but how to modify said ch

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For tax , penalty & interest calculation


SIR I HAD DEPOSIT THE SERVICE TAX PAYMENT FOR THE PERIOD OF 01 04 2015 TO 30 09 2015 AND 01 10 2015 TO 31 03 2016 AS PER QUARTLY BUT SIR I DO NOT CALCULATE THE TAX AMOUNT PENALTY AND INTEREST SO PLEAS

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Entry tax liability ( within state / interstate )


Resp Sir I would like to know whether Entry Tax is applicable for below cases 1 If Purchase Interstate 2 If Purchase Within State within Corporation Limit 3 If Purchase Within State beyond Corporation

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Regarding capitalisation of interest


Can a company A capitalise its interest for the first year even if it has completed the construction in three months and started its operations

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Capitalisation of interest


I am preparing a Project Report and in that I have to capitalise the interest on term loan for 1 year Under which head it will come

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Discussion

My new youtube video - job interview tips

Hi everyone Ive recently uploaded my new Youtube video on Job Interview skills Heres the link for the same https www youtube com watch v tlci3vY6WZg Please watch it and give your honest feedback so th

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Interest rate on capital of partners

Dear Sir I want to ask that What is minimum rate of interest on capital in Partnership firm

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What is floating rate of interest? nbfc refusing to reduce t

I had taken LAP from GE money in 2006 9 99 floating They gradually increased it to13 71 in sep 2011 reasoning due to increase in cost of funds Then they sold their business to magma housing finance in

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Pure fd interest of rs2.75l and tds

Hello All 1 If FD bank interest for the F Y amounts to Rs 2 75 000 the TDS deducted will be Rs 27 500 2 The TDS hence deducted cannot be claimed as refund from IT since the total income exceeds the ta

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Tds & fd interest earning

Hello All Interest Earning for a FY 2015 2016 is Rs 2 75 000 from FD house wife age less than 60yrs TDS 10 on Rs2 75 000 or on Diff Rs 25 000 250k 275k Please clarify thanks SB

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  • Internal Sales Control

    Internal Sales Control

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  • CA IPCC Group 1 Accounts

    IPCC ACCOUNTS SHORT NOTES ON AMALGAMATION INTERNAL RECONSTRUCTION ISSUE OF BONUS SHARES NOT FOR PROFIT ORGANISATION INVESTMENT PRE POST INCORPORATION PROFIT PARTNERSHIP INSURANCE CLAIM CASH FLOW STATEMENT

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  • Formats for Internal Financial Controls

    Format of Engagement Letter for Audit of Internal Financial Controls Format of Management Letter for Audit of Internal Financial Controls Format of Audit Report on Internal Financial Controls

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  • EMI Calculator

    EMI Calculator of 30 years including separate interest on loan repayment

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  • Vat late payment interest calculation

    I want to know the amount of late payment interest and penalty amount

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Articles

IFC - Relevance of Information Technology in Internal Controls


The purpose of internal controls is to identify manage and control risks that could prevent the organization from achieving its objectives The information technology IT function designs develops imple


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ST - Interest rates changed again !


There are two provisions under Finance Act 1994 dealing with interest on delayed payment as given below adsbygoogle window adsbygoogle push Sl No Situation Section No 1 Amount collected as service tax


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All about internal financial control (IFC)


What is Internal Financial Control IFC Sec 134 As per Section 134 of the Companies Act 2013 the term Internal Financial Controls means the policies and procedures adopted by the company for ensuring o


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Principles emerging from recent Advance Rulings on the term -Intermediary- under Place of Provision of Services Rules


The Place of Provisions of Service POPS Rules 2012 is the thin line which divides taxability and non taxability under the Service Tax Law These rules were aimed to consolidate the endlessly dispute on


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Limitation in case of recovery of interest on delayed payment of central excise duty


The judicial precedent always plays vital role to clarify the law particularly when statute is not clear cut in regard to any issue There is the same situation in the case of demand of interest on del


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Updated on : 5/31/2016 12:16:11 AM


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