Monday, 21 March 2016

MAKEFICOEASY: Accounts Receivable and Accounts Payable:

MAKEFICOEASY: Accounts Receivable and Accounts Payable:: Overview The Accounts Payable application component records and administers accounting data for all vendors. It is also an integral p...

Wednesday, 16 March 2016

Duties and Power of Board

Duties and responsibilities of the Directors of a company, particularly the public limited companies, have been explicitly and lucidly stipulated in the new Indian Companies Act of 2013, which were rather obscure in the earlier CA-1956. These duties and liabilities of both the general Directors and the 




To read the complete article, please click the link below


https://taxofindia.wordpress.com/2016/03/16/duties-and-power-of-board/









Monday, 7 March 2016

REMINDER: Daily Tax Alert.



Dear Sir,

Since, taxbymanish had been moved to new platform of taxofindia, we request you to please register once your E mail ID at https://taxofindia.wordpress.com/ to receive the daily tax updates.

Sorry for the inconvenience caused. 

With Regards
 
TaxbyManish

Friday, 29 January 2016

Daily Tax Alert.


Dear Sir,

Since, taxbymanish had been moved to new platform of taxofindia, we request you to please register once your E mail ID at https://taxofindia.wordpress.com/ to receive the daily tax updates.

Sorry for the inconvenience caused. 

With Regards
 
TaxbyManish

How to Plan pay package of Top Executives.




To Read the complete article, please click the link  below.




https://taxofindia.wordpress.com/2016/01/29/how-to-plan-pay-package-of-top-executives/



Monday, 30 November 2015

LAUNCH OF TAX OF INDIA

Dear Patrons,




Today I am  bringing the income tax knowledge sharing in more professional platform under the




brand of   TAX OF INDIA.




The link of the website is given below.


https://taxofindia.wordpress.com/




Regards,




Taxbymanish






ONLINE CA/CPT COURSES VIDEO

One of my friend has created this wonderful simple course for CA CPT. You can share this with your someone who is in class 11 or 12 or doing CPT.

Below are Video links for CPT Video course.

Subscribe to our YouTube Channel 

Accounts by Sheela Madam

Law by Bharat Sir 

Micro by Bharat Sir  

Macro by Bharat Sir 

Maths by Anand Sir


Notes are available at www.meraskill.com 
Happy Learning ! Share with your Friends who are appearing for CPT Exam.

Monday, 23 November 2015

RBI issues notifications permitting foreign investments in Indian investment vehicles

In furtherance of the Government’s intent to attract foreign investments in India, the Reserve Bank of India (RBI) has issued a notification allowing foreign investments in investment vehicles regulated, inter alia, by the Securities and Exchange Board of India including Real Estate Investment Trusts, Infrastructure Investment Trusts and Alternative Investment Funds (Investment Vehicles).

The notification paves the way for foreign investors to invest in the Investment Vehicles under the automatic route and be treated as domestic investments subject to meeting stipulated conditions.

Three Imp Verdicts On Binding Nature Of CBDT Circulars + Transfer Pricing Law + Taxability Of Shares Gains As STCG vs. Biz Profits


Spentex Industries Ltd vs. CCE (Supreme Court)


CBDT & Govt are bound by their own interpretation of a statutory provision. Principle of "contemporanea expositio" explained. The word "or" can be interpreted as "and" if the former leads to unintelligible and absurd results

It is to be borne in mind that it is the Central Government which has framed the Rules as well as issued the notifications. If the Central Government itself is of the opinion that the rebate is to be allowed on both the forms of excise duties the government is bound thereby and the rule in-question has to interpreted in accord with this understanding of the rule maker itself. Law in this respect is well settled and, therefore, it is not necessary to burden this judgment by quoting from various decisions

 

Knorr-Bremse India Pvt. Ltd vs. ACIT (P&H High Court)


Rule 10A(d): Law on when multiple transactions can be regarded as a single composite transaction for determining arm’s length price explained. Fact that a transaction results in a profit or a loss has no bearing on whether it is at arm’s length price

The answer to the issue whether a transaction is at an arm’s length price or not is not dependent on whether the transaction results in an increase in the assessee’s profit. A view to the contrary would cause considerable

RELATED PARTY TRANSACTIONS

The Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations 2015 was notified on 2nd September 2015 and will come into force from 1st December 2015. However, Regulation 31A of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 came into force on 2nd September 2015 on publication of these regulations along with sub – regulation (4) of Regulation 23. In last post here, we discussed Regulation 31A and in this post we will discuss Regulation 23.

Karnataka HC holds HSNS Cess framework unconstitutional due to manner of Cess calculation

  This Tax Alert summarizes a recent ruling of the Karnataka High Court (HC) [1] on the constitutional validity of Health Security se Natio...