Recent Posts

Failure to Compute Capital Gains Under Section 50C does not lead to Escapement of Income : S. 147

ITO vs. Haresh Chand Agarwal HUF (ITAT Agra) The assessee sold property for Rs.6 lakh and offered capital gains on that basis. The AO accept...

Parking Spaces Cannot Be Sold by the Builder

The Supreme Court has upheld that order of the Bombay   High Court   and held that parking spaces cannot be sold by the builder. They are a ...

Weekly Awards - 20th Jan 2014 to 26th Jan 2014

Its Once Again Time To Announce For Weekly Awards... And The Awards Are As Follows: 1) Posting Most Updates & Queries In Group 1 - CA VI...

Check Your CA IPCC Result Nov 2013

IPCC Result Nov 2013 would be announced by the Institute of Chartered Accountants of India on 31st Jan 2014 at 4.00 PM. Ref:  http://220.227...

Attention ! Government Tax Deductors

Your New Year's Resolution 1)     Deducting : Correct TDS while making payment as required by law. 2)     Depositing : The tax deducted ...

Tax Saving Investments

A Guide To The Instruments That Can Help You Achieve The Goal Of Low Risk And High Capital Gains Tax Free Bonds Issued by Public Sector Enti...

Preferred Ratios For Bank / Project Finance

Dear All, I have attached herewith a file contains details regarding the referred financial ratios required for bank / project finance. Must...

Employees’ PF/ ESI Contribution is also covered by s. 43B & allowable as a deduction u/s 36(1)(va) if paid by the “due date” for filing ROI

CIT vs. Jaipur Vidyut Vitran Nigam Ltd (Rajasthan High Court) In AY 2001-02 etc, the assessee claimed a deduction for payment of (employees’...

Road constructed on Build-Operate-Transfer (“BOT”) Terms is Eligible for Depreciation Even Though Assessee is not the Legal Owner of the Road

DCIT vs. Swarna Tollway Pvt. Ltd (ITAT Hyderabad) The assessee, a SPV, was awarded a contract by the NHAI for widening, rehabilitation and m...

Credit Analyst - Duties, Tasks, Skills, Activities, Knowledge, Experience

I have attached herewith a file giving complete information about the duties, tasks, skills, activities, knowledge and experience required ...

CA Final Results - Lowest In Last 23 Attempts

ICAI has  declared the Result of Chartered Accountancy Final Examination held in November 2013  on Wednesday 15th January 2014. Of the 32,5...

Weekly Awards - 6th Jan 2014 to 12th Jan 2014

Its Once Again Time To Announce For Weekly Awards... And The Awards Are As Follows: 1) Posting Most Updates & Queries In Group 1 -  CA M...

CA FINAL / CPT RESULTS - NOV / DEC 2013

Result of the Chartered Accountants Final Examination held in November, 2013 and Common Proficiency Test (CPT) held in December, 2013 are li...

Weekly Awards - 30th Dec 2013 to 5th Jan 2014

Its Once Again Time To Announce For Weekly Awards... And The Awards Are As Follows: 1) Posting Most Updates & Queries In Group 1 -  CA T...

Empanelment of CA firms for year 2014-2015 with C&AG

Applications are invited online from the firms of Chartered Accountants and Chartered Accountants Limited Liability Partnerships (LLPs) who ...

Section 43B - Certain Deductions Allowed Only On Actual Payment

Section 43B is an over-ruling section and anything contained in other provisions of Income Tax Act, 1961 should not be applicable to the pay...