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Assets allotted to partners on dissolution of firm had to be valued on basis of their market price. High Court of Telengana and Andhra Pradesh in the case of Arjundas Rajkumar vs. CIT.
No service tax is payable under Intellectual Property Service in respect of selling agency agreement entered. [The Mumbai CESTAT in the case of Y.M Krishna S.S.K Ltd. vs. Comm of Central Excise, Pune-II].
MCA introduces Form No. AOC – 5 for notice of address at which books of account are maintained other than registered office.
We congratulate ICSI new President CS Atul Mehta Ji and CS Mamta Binani Ji (Vice President).
We congratulate our CA students, who have passed exams. CA result analysis: CA final both group 8.23 %, Group 1-- 23.41%, Group2-- 10.26 %, CPT --14.74 %.
Lorry drivers could not be held as agents of transporter; cash payment to them was disallowable under section 40(A) (3) of the Income Tax Act. [High Court of Kerala MRS roadways vs. CIT].
Exemption from consolidation of accounts of foreign subsidiaries only for one FY starting 01-04-2014. [Companies (Accounts) amendment rules, 2015 of 16-01-2015].
Customs procedures simplified for timely and economical shipping to make Indian ports international trans shipment hubs. [Circular 2/2015-Customs of 15.01.2015].
Circle-rate on date of execution of Sale deed is relevant and not that on registration date (Sec 50C). [ ITO vs Modipon Ltd, ITAT Delhi].[ ITA 2171/Del/2009 of 09.01.2015].
File e-Form AOC-5 in 7 days of board meeting authorizing keeping of books of accounts and other relevant papers at place other than registered office (Section 128).
No service tax is payable under Intellectual Property Service in respect of selling agency agreement entered. [The Mumbai CESTAT in the case of Y.M Krishna S.S.K Ltd. vs. Comm of Central Excise, Pune-II].
MCA introduces Form No. AOC – 5 for notice of address at which books of account are maintained other than registered office.
We congratulate ICSI new President CS Atul Mehta Ji and CS Mamta Binani Ji (Vice President).
We congratulate our CA students, who have passed exams. CA result analysis: CA final both group 8.23 %, Group 1-- 23.41%, Group2-- 10.26 %, CPT --14.74 %.
Lorry drivers could not be held as agents of transporter; cash payment to them was disallowable under section 40(A) (3) of the Income Tax Act. [High Court of Kerala MRS roadways vs. CIT].
Exemption from consolidation of accounts of foreign subsidiaries only for one FY starting 01-04-2014. [Companies (Accounts) amendment rules, 2015 of 16-01-2015].
Customs procedures simplified for timely and economical shipping to make Indian ports international trans shipment hubs. [Circular 2/2015-Customs of 15.01.2015].
Circle-rate on date of execution of Sale deed is relevant and not that on registration date (Sec 50C). [ ITO vs Modipon Ltd, ITAT Delhi].[ ITA 2171/Del/2009 of 09.01.2015].
File e-Form AOC-5 in 7 days of board meeting authorizing keeping of books of accounts and other relevant papers at place other than registered office (Section 128).