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The assessee shall make an application in form ST 1 to the Superintendent of Central Excise in duplicate. Such application can be filed online www.aces.gov.in. For this the following procedure shall be adhered to :

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This utility can be used for Government and Non Government Employees. Utility Automatically Prepares for 16, Form 12BA, Calculates TDS deductible, HRA Exemption , Deduction Under Chapter VIA etc.Utility is for Assessment year 2013-14 or Financial...

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The issue of demand management continues to remain an area of grave concern. It has been found that in most of the cases demand uploaded is incorrect and incomplete. Such demands have been uploaded by AOs without due diligence and verification....

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As regards reimbursement of amount in respect of service tax, as pointed out by the ld. AR, the ITAT Delhi Bench in their decision in Technip Offshore Contracting BV(supra) concluded that service tax collected by the assessee being directly in...

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No TDS was required to be made because payment of commission are made to non-resident overseas agent. As such no income is arising to the non-resident agent in India. So, no TDS is deductible u/s 194H of the Act, which is applicable for resident...

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Please find below chart depicting the liability of Service Receiver & Service Provider under Reverse Charge Mechanism in very precise and simplified manner. It shall be very handy in day to day working of professionals under industry.

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If investor has not registered as HUF than he/she can even apply for the same and get HUF PAN Card and bank account before registering on SharesVault. HUF Information: HUF or Hindu Undivided Family is defined under ...

Is Payment by TPA to Hospitals Covred u/s 194J?Reviewed by Admin on Sep 6.Rating: The petitioners are third party administrators (TPA) and perform functions by acting as facilitators of the insurance companies, which provide cashless facilities to the mediclaim policy holders. They challenged circular No. 8/2009 issued by the Central Board of Direct Taxes on four grounds. Firstly, Section 194J... Read more →

Notification No. 80/2012 - Customs (N.T.) Central Board of Excise and Customs hereby determines that the rate of exchange of conversion of each of the foreign currency specified in column (2) of each of Schedule I and Schedule II annexed hereto...

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The Central Board of Direct Taxes (CBDT) on Thursday said it has reduced the time period for tax refunds to three months and would take steps to release arrear payment as fast as possible.

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Circular No.24/2012-Customs It has been decided to make e-payment of duty mandatory for importers registered under Accredited Clients Programme and importers paying customs duty of one lakh rupees or more per Bill of Entry with effect from...

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Bombay High Court: Payment by TPA to Hospitals Professional Service !Reviewed by Admin on Sep 6.Rating: Five Third Party Administrators (TPA), approached Mumbai High court that they are facilitator of the insurance company and provided services in connection with the settlement of claims, processing of claims received from policyholders/hospitals and making payment thereafter, after allowing for cashless hospitalization. All claims... Read more →

The state government’s move to generate revenue by taxing the sale of flats and imposing a VAT levy on the same has stirred up a hornet’s nest! VAT to many, is seeming like a new entrant to the list of levies on the already heavily burdened real...

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In this Article Author has discussed Reverse Charge Mechanisam on Services of an insurance agent to any person carrying on insurance business, Services of goods transport agency in respect of transportation of goods by road, Services by way of...

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A power Point presentation On HUF (Hindu Undivided Family) and issues related to Hindu undivided Family covering mainly under Following heads is given here under. Presentation  on HUF is Presented by CA Agarwal Sanjay   Voice of CA

Meaning of HUF 
Characteristics of HUF 
Who can be ‘Karta’ 
Sole Surviving Coparcener 
Consequence of Amendment 
Hindu Succession Act 
Mode of Creation of...

Ministry of Corporate Affairs has done a remarkable job for the industry by issuing notifications with regard to Common Cost Accounting Record Rules, 2011 and six other Specific Cost Accounting Record Rules. Earlier there were 44 Cost Accounting...

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PAN card is now mandatory to apply for any savings. A PAN card or Permanent Account Number card is the unique identity for Indian tax payers. Every Indian who pays tax to government has to have a PAN number. Now PAN ...

Announcement 5th September 2012 The Institute has recently announced Direct Entry Scheme for admission to Intermediate (IPC) course for graduates/post graduates with specified marks and Intermediate level passed students of the Institute of Company...

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The Government of India has enacted the Right to Information Act, 2005 (http://www.persmin.nic.in) which has come into effect from October 13, 2005. The Right to Information under this Act is meant to give to the citizens of India access to...

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Comany Name  :INDIA INFOLINE FINANCE LIMITED

Company Profile 

India Infoline Finance Limited is a subsidiary of India Infoline Limited (IIFL). The Company is engaged in the activity of mortgage financing, loan against securities gold loans margin funding and other consumer financing products.

Issue open on : 5-September-2012

Issue Closes on :18-Septemer-2012

Key Highlights of the...

In the instant case, in order to examine the entitlement of the assessee for exemption under section 54, it is to be seen whether the assessee had constructed residential house within three years of the transfer of his property. For doing so, the...

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1. Balance Sheet and Profit & Loss Accounts are to be filed as two separate documents with different e-Forms; 2. Each e-Form along with the relevant attachment(s) should be less than 2.5 MB. 3. The Balance Sheet, Profit & Loss Account and...

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Clause 17(l) - Amount of deduction inadmissible in terms of section 14A in respect of the expenditure incurred in relation to income which does not form part of the total income; This clause was inserted by the notification number 208/2006 dated...

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Free Handbook covers the following Topics - 1. Introduction 2. Evolution and Growth of Charitable Organisations in India 3. Meaning of Charitable Organisation
4. Laws governing Charitable Organisations in India 5. Formation and Registration of the...

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