Community & General Articles

Education System for Super Power India

Posted by CA Rajesh Pabari 08 August 2014 13365 Views

The moments of inspiration for this article - It was 9th July, 2014, I was checking my Facebook newsfeeds wherein I found this status update from a student Our reaction when four lectures of presentation got cancelled..Wopppppppppieeee

Incentive for setting up industrial unit in Maharashtra

Posted by CA Umesh Sharma 05 August 2014 15879 Views

KARNITI PART:48WHY PACKAGE SCHEME OF INCENTIVES 2013 BENEFICIAL FOR SETTING UP INDUSTRIAL UNIT IN MAHARASHTRA Arjuna (Fictional Character): Krishna, What incentives are available from the Government on setting up a Business /Indust

Amendment in Rule 6(8) Of CCR - Treating Malaria Patient with the medicine meant for typhoid

Posted by Pradeep Jain 04 August 2014 13923 Views

Introduction: Budget, 2014 is said to be the first step of Modi Government towards Achhe din. However, to the Central Excise and service tax assessees it has come up with mixed feelings. It has fulfilled few desires by bridging certain

Grossing up of Dividend for distribution tax - increase in effective Dividend Distribution tax rate of 3.47%

Posted by rajat aggarwal 02 August 2014 24078 Views

The Finance (No.2) Bill, 2014 proposes to levy pidend distribution tax by grossing up the pidend payable for the purpose of computing liability towards pidend distribution tax. As per the existing provision of Section 115-O pidend distribution tax at

Salman Khan gets a kick

Posted by Guest 01 August 2014 35772 Views

In a recent decision pronounced by Honble ITAT (Mum) on 30-07-2014 in case of Salman Khan vs. ACIT wherein the assessee had claimed various legal expenses incurred for defending himself in various criminal proceedings pending in the court. The

PSF, PFY and Tow- Ache din aa gaye hai

Posted by Pradeep Jain 01 August 2014 17667 Views

There was litigation on the point of taxability of ‘Tow’ which is an intermediate product in the manufacturing of Polyester Staple Fiber (PSF) and Polyester Filament Yarn (PFY) manufactured from plastic waste or scrap or plastic waste in

Reasoned orders and principle of fairness in administrative actions-a need of the hour

Posted by Amit Bajaj 29 July 2014 4511 Views

It is the general tendency of the adminstrative authorities more so of the tax authorities to pass non-speaking orders or to pass orders in violation of principle of fairness and rules of natural justice, without giving any opportunity of being heard

Qs & As on the proposed New Tax Regime for REITs and InvITs

Posted by Nilesh Patel - CPA (USA), IRS 28 July 2014 12727 Views

The legendary Counsel Shri Soli Dastur recently on 14th July 2014 presented his illuminating analysis of the Direct Taxes proposals of the Finance Bill, 2014 (the recent Budget) at the Lecture Meeting organized by Bombay Chartered Accountants Society

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

Posted by CA Nitesh Kumar More 26 July 2014 18483 Views

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

Posted by Pradeep Jain 25 July 2014 8901 Views

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