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Analysis of Benefit through Press Release on ECB with accounting treatment under Para 46 / 46A of AS 11

Posted by Nirmal Shah 29 March 2013 28296 Views

Analysis of Benefit through Press Release on ECB with accounting treatment under Para 46 / 46A of AS 11 Press release for External Commercial Borrowings (ECB) is as below: External Commercial Borrowings (ECB): Repayment of Rupee loans A.P. (DI



Prosecution u/s.276CC for non-filing of ITR

Posted by KCJM and Associates 15 June 2020 28293 Views

FAILED TO FILE INCOME TAX RETURN IN TIME?????BE PREPARED TO GET ARRESTED!!!If you have not filed your return at all or by the end of the assessment year, be prepared to get handcuffed because the Income Tax Department can slap you a notice of prosecu



Government releases Revised Model GST Law along with Draft GST Compensation Bill

Posted by Bimal Jain 26 November 2016 28281 Views

Government releases Revised Model GST Law along with Draft GST Compensation Bill



Conditions for allowing CENVAT credit

Posted by Ram Avtar Singh 04 January 2011 28267 Views

Conditions for allowing CENVAT credit.- (1) The CENVAT credit in respect of inputs may be taken immediately on receipt of the inputs in the factory of the manufacturer or in the premises of the provider of output service: Provided that



Finance Bill 2014 got Presidential assent on 6th August 2014

Posted by Sushil Kr Goyal 09 August 2014 28266 Views

Following changes as proposed by the Finance Bill 2014, became applicable. Amendment - Finance Act, 1994 1) Time limits for adjudication: Time limits for completion of adjudication: (i) 6 months from date of notice, in bonafide cases and(ii) 1 year f



Life of a Chartered Accountancy Student!!

Posted by Sagar 06 September 2015 28263 Views

Couple of months ago the Chartered Accountancy results were announced with a reasonably low pass percentage, which came to be the most memorable day for the ones who cleared but a nightmare for those who didn�t � Dreams Fulfilled, Dreams



When is Interest on fixed deposit business income.

Posted by Nilesh Shah 11 April 2008 28262 Views

Nilesh Shah writes:Cell: 92246-59941E mail: nilesh63@vsnl.comInterest on fixed deposit with bank-when business income.Where the assessee makes an investment by way of fixed deposit with a bank as a condition for getting bank guarantee for purposes of



Taxability of 'Ready Mix Concrete' & 'Concrete Mix' under Excise & Service Tax

Posted by CA. K S Chauhan 26 December 2013 28262 Views

Now-a-days, real estate industry is in boom phase and flat/apartment culture is picking pace due to economy, comfort, security and liquidity



Ineligible ITC under GST

Posted by Rohit Kumar Singh 18 March 2024 28259 Views

For a taxpayer, it is essential to determine whether the tax paid on the inward supplies is eligible as Input Tax Credit (ITC) or shall fall within the ambit of ineligible ITC. Section 17(5) of CGST Act 2017 provides for cases wherein a taxpayer would not be entitled to claim ITC unless it falls within the exceptions as provided.



Loan to director u/s 185 of Companies Act, 2013

Posted by CA SONIYA AGARWAL 28 November 2014 28255 Views

Section 185 of the Companies Act, 2013 provides for loans to directors.Section 185 now applies to all companies including private companies.A Company shall not directly or indirectly advance any loan or give any guarantee or provide security to any




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