Recent Posts

Opening for Assistant Manager in Skoda

There is an opening for the post of Assistant Manager in Skoda for Mumbai Location. Experience CA or CWA with 2-3 years preffered. Intereste...

High Court Passes Severe Strictures On ITAT Working

CIT Vs. Ram Singh (Rajasthan High Court)   Strictures passed regarding poor quality of orders of the ITAT. Government urged to ensure that o...

Order Under Section 119(1) of the Income Tax Act 1961

F.No.22/138/2014/ITA.II GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES ORDER UNDER SECTION 119(...

Required CA at Kotal Life Insurance

Designation - CA - Manager Position Location - Malad East, Mumbai Salary - 6 Lakhs Per Annum Experience - 1 Year + Candidate should have...

Multiple Positions for CA at HDFC Standard Life Insurance

Positions: Associate Manager - Audit & Risk Management Deputy Manager - Audit & Risk Management Manager - Accounts For More Details ...

Calling all stakeholders to contribute in building the new National website of the Income-tax Department.

The National website of the income-tax department, www.incometaxindia.gov.in is undergoing re-development. In this regard, the Department is...

Notification for Extension of date for receipt of ITR-Vs in CPC. Bengaluru

Notification for Extension of date for receipt of ITR-Vs in CPC. Bengaluru. for the cases of AY 2O12-13 and 2O13-14 received/e-filed in FY 2...

Re-assessment Provisions under Income tax Act,1961

Re-assessment is assessing the income of the assessee that is already being assessed once and also any other income which comes to the notic...

How to Adjust, Reduce & Avoid Capital Gains Tax

Mangal Dutt Sharma does not get overly perturbed when his stocks take a beating.   "If possible, I book short-term losses and adjust th...

Supreme Court Explains Important Law On Taxation Of Charitable + Religious Trusts

CIT vs. M/s Dawoodi Bohara Jamat (Supreme Court) A charitable and religious trust which does not benefit any specific religious community is...

ITAT Hauls Up AO And DRP For Frivolous Addition Of Rs. 5,700 Crore

Bharti Airtel Limited vs. ACIT (ITAT Delhi) ITAT hauls up AO & DRP for “ blatantly frivolous & unsustainable ” additions. Suggests t...

Compliances of Service Tax in Banking Sector - ICAI

As you may be aware Service tax on Banking and other financial services was imposed w.e.f.16-07-2001. The taxation of services has also ...

Three Important High Court Judgements On Stay Of Demand, Reopening And Special Audit

The following are the three important judgements: Sony India Pvt. Ltd vs. ACIT (Delhi High Court) S. 220: After rejecting stay application A...

Abbreviations

ACCOUNTING JV: Journal Voucher CV: Cash Voucher BV: Bank Voucher CPV: Cash Payment Voucher BPV: Bank Payment Voucher TB: Trial Balance BS: B...

Simple Tips - Income Tax Notice

One of the biggest worries of income tax payers is getting notice from Income Tax Department. The Department issues notices under various pr...