IndianCAs by Ashwin Nagar

Ministry of Finance, Central Board of Direct Tax issued [Notification no. F.NO. 196/6/2013- ITA.1 by dated 24-06-2013], regarding standardiz...

Remuneration for branch audit work of the bank. Category of bank branch on the basis of quantum of advances. Rates of audit fees:- Up to 10 ...

The soft ITR 5 for the assessment year 2013-14 is now available at Income Tax department website.

RBI has increased the bank audit fees payable form financial year 2012-13 as per [RBI Notification no. DBS.ARS.No.BC. 08/ 08.92.001/ 2012-13...

Lower Deduction Certificate to a unit enough to cover other units of assessee even if separate TANs. [CIT Chandigarh Vs Parle Biscuits. High...

Right to collect toll is an intangible asset within the purview of sec. 32(1)(ii) of the Income Tax Act and is eligible for depreciation. [A...

Resultant Company can file appeal after demerger abundant caution appeal by demerged Company dismissed to avoid duplicity. [Cairn Energy Guj...

No violation of Sec 269SS for cash loan from relative if assessee unable to get it in cheque or DD for some valid reason. [CIT-I Vs M.Yesodh...

Stridhan of a lady seized from her ex-husband’s premises during search of Income Tax must be handed over to her. [High Court Of Gujarat at A...

Chapter VII of Finance Act, 2013 on Commodity Transaction Tax effective from July 1, 2013 SECTION 115 OF THE FINANCE ACT, 2013 - COMMODI...

Valuation loss is allowable even if stock-in-trade shown as investment in compliance of RBI guidelines. [Karnataka Bank Ltd. Vs. ACIT [2013]...

Addition on the basis of seized material was unjustified if assessee was able to show that the admissions made during survey were incorrect....

No disallowance of expenditure u/s. 40(a)(ia) for default of short-deduction of TDS under Income Tax Act.[Income Tax Appellate Tribunal Mumb...

Mere rejection of Books of account and estimation of profit cannot be ground for concealment penalty under Income Tax Act. [High Co...

CIT vs. Silver Oak Laboratories P. Ltd (Supreme Court) S. 194C TDS does not apply to contract manufacturing agreements ...

Double taxation agreement with Monaco [Notification no. 43/2013 dated 12/06/2013 SO 924(E)].

On conversion of company into LLP, Auditor of the company deemed to be auditor of LLP. [Circular of Ministry of Corporate Affairs].

E-filing of form 3CEB for specified domestic transactions mandatory besides for foreign transactions. [New Rules and Revised Form. Income Ta...

Statement of the assessee in survey operations not conclusive piece of evidence under Section 133A of the Income Tax Act. [CIT Vs P. Bala Su...

Periodic legal audit and reverification of title deeds by banks for credit exposures of 5 crore and above till the loan stands fully repaid....