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Posted On:  1 year ago


Report under the Companies (Auditor’s Report) Order, 2016 Annexure Format

In terms of the information and explanations sought by us and given by the company and the books and records examined by us in the normal course of audit and to the best of our knowledge and belief, we state that: - 1a.) The Company has maintained proper records showing full particulars including quantitative details and situation of fixed assets.

article author CA Chirag Chauhan

Posted On:  1 year ago


Number of Directorships: A Direction in good Governance

The basic legal premise of limiting the number of companies which an individual can hold directorships is that it is essential for his efficient functioning and effectual carrying out his fiduciary duties.

article author Amitav Ganguly

Posted On:  1 year ago


Investment option for differently abled giving returns of 9% till life

We have just started the petition " Investment option for differently abled community giving returns of 9% till life" We require your support by signing the petition and helping millions. We will forward to PM and FM to implement incoming Budget 2017 You can read more and Sign Petation at https://www.change.org/p/pm-investment-option-for-differently-abled-community-giving-returns-of-9-till-life?

article author CA Chirag Chauhan

Posted On:  1 year ago


Tax Planning For Salaried Employees

For most of the people, tax planning involves taking benefit of Section 80 C of Rs. 1,50,000/-. True this is one of the most important tax saving tool, there are other avenues available for the employees. I would like to categorize the tax planning tools into three parts

article author CA. Dhruv Gaglani

Posted On:  1 year ago


Start up Funding: Realities and Myths

Are you a Start up looking for an investment? This is how a conversation usually goes: Founder: Sir, I have a billion dollar idea. I only require 1 million dollars to make it the idea of the Century. We will earn billions of dollars out of it. As an investor you should definitely invest in my company

article author CA. Dhruv Gaglani

Posted On:  1 year ago


GIST OF GST

HRESHOLD EXEMPTION OF GST IS RS 10 LAKHS  means now all the small traders also covered under GST. So here are some of the provisions of GST... to be continued with some other and very important concepts of GST till then enjoy and keep smiling

article author Esha Agrawal

Posted On:  1 year ago


CBDT notifies classes of buyers to whom TCS provisions not apply

In exercise of the powers conferred by sub-section (1E) of section 206C read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely

article author One Roof Consultant

Posted On:  1 year ago


CBDT notifies Uttarakhand Environment Protection and Pollution Control Board

In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, Uttarakhand Environment Protection and Pollution Control Board, a body constituted by Government of Uttarakhand

article author One Roof Consultant

Posted On:  1 year ago


CBDT notifies National Skill Development Corporation

In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, National Skill Development Corporation, a body constituted by Central Government, in respect of the following specified income arising to that Corporation

article author One Roof Consultant

Posted On:  1 year ago


GST - Game Changer

I have complied summary on GST. It will be worth to read.After a decade-long struggle, the Goods and Services Tax (GST), which has already been adopted by 160+ countries in some form or the other, sailed over the first of three hurdles when the Rajya Sabha unanimously adopted the Constitution Amendment Bill to facilitate its legislation.

article author Hitesh Shah

Posted On:  1 year ago


IDS 2016- Reg. Fair market value of immovable property

In exercise of the powers conferred by sub-section (1) and subsection (2) of section 199 of the Finance Act, 2016 (28 of 2016), the Central Board of Direct Taxes, makes the following rules further to amend the Income Declaration Scheme Rules, 2016 (hereinafter referred to as the principal rules) namely

article author One Roof Consultant

Posted On:  1 year ago


Service tax on freight forwarders on transportation of goods from India

The Board has received representations regarding service tax on freight forwarders on transportation of goods from India. 2.0 It may be noted that in terms of rule 10 of the Place of Provision of Services Rules 2012, (herein after referred to as ‘POPS Rules 2012‘, for brevity) the place of provision of the service of transportation of goods by air/sea, other than by mail or courier, is the destination of the goods. It follows that the place of provision of the service of transportation of goods by air/sea from a place in India to a place outside India, will be a place outside the taxable territory and hence not liable to service tax. The provisions of rule 9 of the POPS Rules 2012, should also be kept in mind wherein the place of provision of

article author One Roof Consultant

Posted On:  1 year ago


Supreme Court Judgment on taxation of Rental Income as business income

Recently, the Supreme Court of India (the Supreme court) in the case of Rayala Corporation (P.) Ltd (the taxpayer) held that rental income from house property should be treated as a Income under head “income from business and profession” and not income under head “income from house property” on the grounds that rental income received by the taxpayer in from the business of renting carried on by the taxpayer. The objective of the business carried on by the taxpayer is renting of house property.

article author SACHIN SINHA

Posted On:  1 year ago


Guidance Note on Special Purpose Certificates & Audit Reports

Exposure Draft of the Revised Guidance Note on Audit Reports and Certificates for Special Purposes issued by the Auditing and Assurance Standards Board Your comments on this Exposure Draft should reach us by September 10, 2016. Comments are most helpful if they indicate the specific paragraph(s) to which they relate

article author One Roof Consultant

Posted On:  1 year ago


Revised DTAA notified under CBDT

Whereas, a Protocol amending the agreement between the Government of the Republic of India and the Government of Mauritius, signed on 24th August, 1982 for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and capital gains, and for the encouragement of mutual trade and investment, (hereinafter referred to as the said Protocol) as set out in the Annexure to this notification, was signed at Mauritius on the 10th day of May, 2016

article author One Roof Consultant

Posted On:  1 year ago


Anti-dumping duty on imports of Sodium Nitrite from China

Whereas, the designated authority vide notification No. 15/06/2016-DGAD, dated the 27th July, 2016, published in the Gazette of India, Extraordinary, Part I, Section 1, dated the 27th July, 2016, has initiated review, in terms of sub-section (5) of section 9A of the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the Customs Tariff Act), and in pursuance of rule 23 of the Customs Tariff

article author One Roof Consultant

Posted On:  1 year ago


Anti-dumping duty on imports of MBTS [Dibenzothiazole disulphide]

Seeks to extend the levy of anti-dumping duty on imports of certain Rubber Chemicals, namely MBTS [Dibenzothiazole disulphide] originating in, or exported from, People’s Republic of China, (imposed vide notification No. 98/2011-Customs, dated 20th October, 2011) for a period of one year i.e. upto and inclusive of the 19th October, 2017.

article author One Roof Consultant

Posted On:  1 year ago


Anti-dumping duty on PVC flex film

Seeks to finalize the provisional assessments in respect of imports of PVC Flex Film, originating in or exported from China PR by M/s Haining Tianfu Warp Knitting Co. Ltd., Peoples Republic of China (Producer) and M/s Manna, Korea RP (Exporter), at rate of anti-dumping duty imposed vide Notification No. 82/2011-Customs (ADD) dated 25th August, 2011 [and extended vide Notification No. 43/2015-Customs (ADD) dated 18th August, 2015].

article author One Roof Consultant

Posted On:  1 year ago


Anti-dumping duty on imports of Viscose Staple Fibre

Seeks to impose anti-dumping duty on the imports of Viscose Staple Fibre excluding Bamboo Fibre originating in or exported from People’s Republic of China and Indonesia for a period of five years. G.S.R. 777(E). – Whereas, the designated authority, vide notification No. 15/9/2015-DGAD, dated the 22nd July, 2015, published in the Gazette of India, Extraordinary, Part I, Section 1, had initiated a review in the matter of continuation of anti-dumping duty on imports of “Viscose Staple Fibre excluding Bamboo Fibre” (hereinafter referred to as the subject goods) falling under tariff item 5504 10 00 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the Customs Tariff Act), originating in or exported from People‟s Republic of China and Indonesia

article author One Roof Consultant

Posted On:  1 year ago


Received Limited Scrutiny Notice under section 143(2) of the Income Tax Act for deposit in Co-operative Bank?

Income Tax Department has started sending notice to Individuals who has deposits in Co-operative Banks and may not have disclosed their correct interest income at the time of filing Income Tax Return. Till last year Co-operative Banks where not liable to deduct TDS if you are holding any share or you are member in Co-operative banks.

article author CA Chirag Chauhan