Others Articles

Changes made by Finance(No.2) Bill,14 passed by Lok Sabha

CA Nitesh Kumar More 26 July 2014 at 12:23

Changes made by Finance (No. 2) Bill, 2014 as passed by the Lok Sabha 1. Unlisted securities and units of MF transferred between 1-4-2014 and 10-7-2014 shall be deemed to be long-term capital assets, if held for more than 12 months: It is propo

Amendment in section 35E - Achhe din for Revenue

Pradeep Jain 25 July 2014 at 12:38

Introduction:- Dispute was going on the issue whether the first Appellate Authority or Tribunal can condone delay for late filing of review order under Section 35E(1) or not? As per Section 35E the Committee of Chief Commissioners is empowered to rev

If I were the Finance Minister of India

CA Anil Garg 25 July 2014 at 12:37

People of India were hugely disappointed with lackluster performance of Man Mohan Singh. Narendra Modi rode to power with absolute majority for the sole reason that promises were made by him and on his behalf that he will fix the economy and deliver

Clarification - Increase in Limit - Liberalised Remittance Scheme

CS Aditya Singhania 22 July 2014 at 16:49

Clarification - Increase in the limit from USD 75,000 to USD 125,000 for resident individuals under Liberalized Remittance Scheme (LRS) {Notification No. "RBI/2014-15/132 A.P. (DIR Series) Circular No.5 dated 17th July, 2014} Before going into t

Union Budget 2014 - Part II

CA.Hanumantha Reddy 21 July 2014 at 11:44

UNION BUDGET 2014-15Direct Taxes No change in corporate tax rate. No change in surcharge for all taxpayers Education cess remains same for all taxpayers. Insertion of new clause with effect from 01.10.2014 section 2(13A) Business Trus

New Development Bank (BRICS Development Bank)

Nikhil Kaushik 18 July 2014 at 13:01

New Development Bank(erstwhile Brics Development Bank)The term BRICS, coined by economist Jim ONeill today reflects in the newest socio-economic bloc on the ever increasing bi-lateral and multilateral arrangements on the global map. Earlier r

National Pension System - A Government's New Initiative

CA. Kapil Goel, DISA(ICAI) 17 July 2014 at 15:50

The National Pension System (NPS) reflects Government’s new effort to find a suitable & sustainable solution to the problem of providing adequate retirement benefits to the people at large. As a first step towards initiatingthis, Governmen

Budget 2014-2015

ESHA AGRAWAL 17 July 2014 at 15:50

BUDGET FOR 2014-15Modi govt budget for middle class is committed to lower taxes, FM Arun Jaitley said that lower taxes gave people money to spend which in turn helps in economic growth , FM Hike in exemption limit in personal income tax from Rs 2 lak

The Union Budget impact on the Indian Stock Market

Ashish 17 July 2014 at 15:49

The clamor and commotion over the long awaited Indian Budget for the year 2014-15 ended last week, with the arrival of the new governments intense budget. This budget has led the Indian people wondering whether it is an indication of the era o

Extending Scope of Advance Ruling

Pradeep Jain 16 July 2014 at 12:08

EXTENDING ADVANCE RULING TO RESIDENT PVT. LTD. COMPANIES The Union Budget 2014-15 was announced by The Hon’ble Finance Minister ‘Arun Jeithly’ on 10.07.2014. In this budget, some amendments have been made in the regime of Indirect T