UPLOADED NEW 5 DIGIT ACTIVITY CODES FOR VAT AUDIT PURPOSE.

MVAT AUDIT 2009-10-ACTIVITY CODES AS WE FOUND THAT MANY OF OUR CA FRIENDS AND STP'S ARE NOT HAVING THE NEWLY REQUIRED ACTIVITY CODE 5 DIGIT FILES.HERE BY WE ARE UPLOADING IT FOR OUR COMMUNITY. CLICK HERE TO DOWNLOAD (2 LINKS)-- DOWNLOADING TAKES TIME (FILE SIZE 1.31 MB) http://dhavaldesaisays.files.wordpress.com/2010/12/activitycode1-2-1.pdf OR https://docs.google.com/viewer?a=v&pid=explorer&chrome=true&srcid=0Bz0INWeiJAEQNDFiOTQyODItNmQ2MS00ZDgxLWJjNzctYWRlNzRkYTZjMDM3&hl=en 1.Visit...

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Case law-Ability to pay demand is no bar for grant of stay on recovery

KEC International Limited vs. ACIT (ITAT Mumbai) The assessee filed a stay application before the Tribunal. The Department opposed by relying on the observations of the Supreme Court in CCE vs. Dunlop India 154 ITR 172 (SC) and contended that as paucity of funds had not been sufficiently demonstrated, for this reason alone stay should not be granted. HELD rejecting the Department’s contention and granting stay while following B. N. Nobis & Co vs. JCIT 71 TTJ 153 (Kol): (i)...

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Cash Flow v/s Profit & loss A/c

In case of entities like companies which present its financial statements on accrual basis, Cash flow Statements fulfills vital information needs of users? The Supreme Court in Reliance Energy Ltd Vs. Maharashtra State Road Development Corporation Ltd. When P&L accounts and balance sheets are prepared on accrual basis, revenues and expenses are recognized on accrual basisi.e. when events or transaction occurs. However, timing of cash flow is not reckoned in such system of accounting. Similarly,...

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CA IPCC Group 1 papers with sugested answers.

Frnds, Just click here to download the IPCC grp1 papers with sugested answers. Click here: http://taxpertindia.blogspot.com/2010/05/ca-ipcc-group-1-papers-with-sugested.html I am thankful to Pavan kumar & Sayad vakeel (both are CA Students) who have contributed to our blog and this file is shared by them. Dhaval Desai 1.FOLLOW US ON TWITTER CLICK HERE: http://twitter.com/taxpertindia 2.Posted www.taxpertindia.blogspot.com 3.Get Tax updates from my blog through by joining my google group...

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Company Audit Important Sections,AS and SA's and revised text of Companies Act 227 (1A)

Friends, I know that at the end time i m publishing this article but i believe that this file will surely help you to score well in exams and will help you to score well. Best wishes Dhaval Desai & this document is verified by Pappu Mishra. Click here to download the files 1.Company Audit (Sections,AS and SA.s) & Companies Act 227 (1A): http://taxpertindia.blogspot.com/2010/05/company-audit-important-sectionsas-and.html This file is Shared by and his message is given below. Friends...

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Auditing Standards revised for CA Final/PCC/IPCC & PE-II

Dear Subscriber, Notes on Standards on Auditing. Please note "What I had best with me in this regards I am providing the link for download but before using make it sure that these notes are updated as per your exam attempt." Link- http://taxpertindia.blogspot.com/2010/04/auditing-standards-revised-for-ca.html 1.FOLLOW US ON TWITTER CLICK HERE: http://twitter.com/taxpertindia 2.Posted www.taxpertindia.blogspot.com 3.Get Tax updates from my blog through by joining my google group CA_taxmannindia:http://groups.google.co.in/group/ca_taxmannindia?hl=en...

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Notification & Circulars from 01.05.2009 to 31.10.2009

Just click here to download the relevant Notification & Circulars from 01.05.2009 to 31.10.2009: http://taxpertindia.blogspot.com/2010/04/notification-circulars-from-01052009-to.html   Get Free Quality SMS updates from my blog on your MOBILE:http://labs.google.co.in/smschannels/subscribe/ca_taxmannindia OR Send a message JOIN ca_taxmannindia to 9870807070 thru ur mobile nd receive updates 1.FOLLOW US ON TWITTER CLICK HERE: http://twitter.com/taxpertindia 2.Posted www.taxpertindia.blogspot.com Get...

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May'10 Exams:RECENT CHANGES IN STANDARDS ON AUDITING (w.e.f 01.04.2010)

Friends, I m sharing with u a very good pdf file with recent changes in standards on auditing. Hope this file will help u & gain u the conceptual knowledge. Click here to download  RECENT CHANGES IN STANDARDS ON AUDITING: http://taxpertindia.blogspot.com/2010/04/may10-examsrecent-changes-in-standards.html Get Free Quality SMS updates from my blog on your MOBILE:http://labs.google.co.in/smschannels/subscribe/ca_taxmannindia OR Send a message JOIN ca_taxmannindia to 9870807070 thru ur...

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May'10 exms:Fast track ready reference notes on IDT Amendments & case laws.

Friends,          Less than one month is left for your May'10 exams and many things may be left to be revised. So to help u, a fast track ready reference notes of IDT amendments (4 pages) and IDT case laws (16 pages) is shared with u for your ready reference. Clik here to download: IDT AMENDMENTS: http://docs.google.com/leaf?id=0Bz0INWeiJAEQNzUxYTY4ZWMtOTk0MS00MjYwLWJlZWYtMGNlNTEwN2E4MDUy&hl=en IDT CASELAWS: http://docs.google.com/leaf?id=0Bz0INWeiJAEQODQ5NjEwOTctNGIxZi00ZDBiLTliY2ItN2VkZjliNGY5OTMy&hl=en Get...

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Stop a nuclear disaster

Hi dhaval.desai26.directtax,Our government is churning out one hazardous bill after another. This time it is a bill called the Civil Liability for Nuclear Damage, and it's coming up for a vote in a couple of days. The bill lets U.S. corporations off the hook for any nuclear accidents they cause on Indian soil. They'd only have to pay a meagre amount, and Indian taxpayers would be stuck paying crores for the nuclear clean up and to compensate the victims. Without any public debate, the Prime...

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Final NEW Suggested Answers November 2009- ISSUED BY ICAI

Hello, I would like to bring your attention on a new post published on the Website. Details of the post follow; I hope you will find it interesting. Best regards,  Dhaval Final NEW Suggested Answers November 2009- ISSUED BY ICAI GROUP - I Not Yet Released.  Group - II Click here to download: http://www.box.net/shared/rfufppujov Get Free Quality SMS updates from my blog on your MOBILE:http://labs.google.co.in/smschannels/subscribe/ca_taxmannindia OR Send a message JOIN ...

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PCC Suggested Answers November 2009 - ISSUED BY ICAI

Hello, I would like to bring your attention on a new post published on the Website. Details of the post follow; I hope you will find it interesting. Best regards, PCC Suggested Answers November 2009 - ISSUED BY ICAIGroup - I -- Not Yet Released Group --- wud soon upload Group II- Click here to download: http://www.box.net/shared/sq7lnff203 Get Free Quality SMS updates from my blog on your MOBILE:http://labs.google.co.in/smschannels/subscribe/ca_taxmannindiaOR Send a message JOIN ca_taxmannindia...

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"Tax-Rate of C-schedule goods (except declared goods) is increased from 4% to 5% from 1st April 2010."

"Tax-Rate of C-schedule goods (except declared goods) is increased from 4% to 5% from 1st April 2010." Click here to download the file: http://docs.google.com/fileview?id=0Bz0INWeiJAEQY2VkNmVkOGMtMjgxOS00NjcwLWE5MjktZWQ1ODlkMzZjODU4&hl=en 1.FOLLOW US ON TWITTER CLICK HERE: http://twitter.com/taxpertindia 2.Posted www.taxpertindia.blogspot.com 3.Get Tax updates from my blog through by joining my google group CA_taxmannindia:http://groups.google.co.in/group/ca_taxmannindia?hl=en 5.Get Free...

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Compilation of Suggested Answers Professional Competence Course( PCC) Cost Accounting

   CHAPTER 1 - BASIC CONCEPTS CHAPTER 2 - MATERIAL CHAPTER 3 - LABOUR CHAPTER 4 - OVERHEADS CHAPTER 5 - NON INTEGRATED ACCOUNTING CHAPTER 6 - METHOD OF COSTING (I) CHAPTER 7 - METHOD OF COSTING (II) CHAPTER 8 - STANDARD COSTING CHAPTER 9 - MARGINAL COSTING CHAPTER 10 - BUDGETS AND BUDGETARY CONTROL  Get Free Quality SMS updates from my blog on your MOBILE:http://labs.google.co.in/smschannels/subscribe/ca_taxmannindia OR Send a message JOIN ca_taxmannindia to 9870807070...

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Revision Test Papers for MAY 2010 Examination

Professional Education (Course - II) Professional Competence Course Integrated Professional Competence Course (IPCC)      Accounting Technician Course (ATC) Revision Test Papers - Final Course (Earlier Scheme) Revision Test Papers - Final (New Course) Get Free Quality SMS updates from my blog on your MOBILE:http://labs.google.co.in/smschannels/subscribe/ca_taxmannindia OR Send a message JOIN ca_taxmannindia to 9870807070 thru ur mobile nd receive updates 1.FOLLOW...

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Enclosed 4 CA Final-MAY 2010 Exams---Competition (Amendment) Act, 2009,Prevention of Money Laundering (Amendment) Act, 2009

Friends Enclosed herewith the link to download The Competition (Amendment) Act, 2009 and Prevention of Money Laundering (Amendment) Act, 2009 Which would b applicable for May 2010 Exams.-- ICAI Just click here: http://www.box.net/shared/c745hqpfd1 1.FOLLOW US ON TWITTER CLICK HERE: http://twitter.com/taxpertindia 2.Posted www.taxpertindia.blogspot.com 3.Get Tax updates from my blog through by joining my google group CA_taxmannindia:http://groups.google.co.in/group/ca_taxmannindia?hl=en 5.Get...

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Enclosed 4 PCC/IPCC-MAY 2010 Exams---The Payment for Gratuity (Amendment) Act, 2009

Friends Enclosed herewith the link to download The Payment for Gratuity (Amendment) Act, 2009 Which would b applicable for May 2010 Exams.-- ICAI Just click here: http://www.box.net/shared/7q45qga8ju 1.FOLLOW US ON TWITTER CLICK HERE: http://twitter.com/taxpertindia 2.Posted www.taxpertindia.blogspot.com 3.Get Tax updates from my blog through by joining my google group CA_taxmannindia:http://groups.google.co.in/group/ca_taxmannindia?hl=en 5.Get Free Quality SMS updates from my blog on your...

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Announcement relating to taxation papers for students appearing in May 2010 examination PE-II [Income-tax and Central Sales Tax], PCC/IPCC [Taxation], Final (Old) Course [Direct Taxes] and Final (New) Course [Direct Tax Laws] - (22-02-2010)

Announcement relating to taxation papers for students appearing in May 2010 examination PE-II [Income-tax and Central Sales Tax], PCC/IPCC [Taxation], Final (Old) Course [Direct Taxes] and Final (New) Course [Direct Tax Laws] - (22-02-2010) Announcement relating to taxation papers for students appearing in May 2010 examination     PE-II [Income-tax and Central Sales Tax], PCC/IPCC [Taxation], Final (Old) Course [Direct Taxes] and Final (New) Course [Direct Tax Laws] (1)  ...

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ISCA NOTES & Information Technology ACT 2008 (2 FIles uploaded)

Friends.. There might be a sure shot question in the forthcoming exam… The Information Technology Act 2000 is covered under Chapter 14 of Paper 6: MICS ( Final Old ) and Chapter 10 of Paper 6: Information Systems This act was amended in the Year 2009. And keeping in mind the institute’s eternal inclination towards all the recent amendments I would say that we all should go through amendments made in the Act (since the changes are of significant importance too!). and i am also hereby uploading...

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CA Results Analysis

RESULT ANALYSIS OF CHARTERED ACCOUNTANTS PROFESSIONAL EDUCATION ( EXAMINATION-II) , PROFESSIONAL COMPETENCE AND INTEGRATED PROFESSIONAL COMPETENCE EXAMINATIONS HELD IN NOVEMBER-2009 P R E S S R E L E A S E       The results of the Chartered Accountants Professional Education Examination-II (PEE-II) ,Professional Competence(PCE) and Integrated Professional Competence Examinations(IPCE) were declared recently.         ...

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Friends annoyed refreshing website for CA Results---here its gets directly refreshed

 Friends you may b Anoyed refreshing ICAI website 4 results then visit http://taxpertstudents.blogspot.com/ page gets refreshed Automatically Best of luck for the results.  1.FOLLOW US ON TWITTER CLICK HERE: http://twitter.com/taxpertindia 2.Posted www.taxpertindia.blogspot.com 3.Get Tax updates from my blog through by joining my google group CA_taxmannindia:http://groups.google.co.in/group/ca_taxmannindia?hl=en 5.Get Free Quality SMS updates from my blog on your MOBILE:http://labs.google.co.in/smschannels/subscribe/ca_taxmannindia OR...

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Supplementary Study Paper for PCC/IPCC and CA Final May and Nov 2010 students

Supplementary Study Paper for PCC/IPCC and CA Final Students May and Nov 2010 ExamsHereby i m attaching herewith the link to download the Supplementary Study paperPCC/IPCC: http://www.box.net/shared/u16un066ij  CA Final: http://www.box.net/shared/7udnv1g3vp  1.FOLLOW US ON TWITTER CLICK HERE: http://twitter.com/taxpertindia 2.Posted www.taxpertindia.blogspot.com 3.Get Tax updates from my blog through by joining my google group CA_taxmannindia:http://groups.google.co.in/group/ca_taxmannindia?hl=en 5.Get...

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FBT ADJUSTMENT AGAINST ADVANCE TAX-CBDT CIRCULAR

CIRCULAR NO 2/2010, Dated: January 29, 2010 Sub: Adjustment of “Advance Tax in respect of Fringe Benefits” for Assessment Year 2010-11 against “Advance Tax” – matter regarding. The Finance Act, 2005 introduced a levy namely Fringe Benefit Tax (FBT) on the value of certain fringe benefits as contained in Chapter XII H (Sections 115 W to 115 WL) of Income Tax Act, 1961. By the Finance (No. 2) Act, 2009 a new Section 115 WM was inserted to abolish the FBT with effect from Assessment Year (A.Y.)...

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Results of the Chartered Accountants PE–II, PCE and IPCE held in November, 2009 are likely to be declared on Friday, the 29th January, 2010 around 2 P.M. - (21-01-2010)

January 21, 2010 The results of the Chartered Accountants Professional Education – II, Professional Competence Examinations and Integrated Professional Competence Examination held in November, 2009 are likely to be declared on Friday, the 29th January, 2010 around 2 P.M. and the same as well as the merit list (candidates securing a minimum of 55% and above marks and upto the maximum of 50th Rank) on all India basis will be available on the following website: http://www.caresults.nic.in Arrangements...

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Useful Presentations - Tax and Allied Aspects of Construction Industry

---------- Forwarded message ---------- From: Rebecca Andrews <rebecca.andrews88@yahoo.in> Date: Sat, Jan 16, 2010 at 12:08 PM Subject: Useful Presentations - Tax and Allied Aspects of Construction Industry To: Click Here to download the files: http://www.box.net/shared/al9sgpbfvj  I am pleased to forward Power Point Presentations at  Chamber of Tax Consultants on 9th January 2010, on following Topics : 1. Accounting Standards Applicable to Construction Industry by...

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TDS | Payments to Contractors (Sec 194C) -- covering most of the circulars

   Under the Indian Income Tax Act, the following provisions relate to the Tax Deduction at Source from payments to Contractors and Subcontractors under section 194C. Person responsible for paying any sum for carrying any work to any resident  contractor should deduct tax at source.        Tax should be deducted at source only if the contract is between the  contractor and the following specified persons:  1.    The Central Government or...

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Result of the Information Systems Audit [ISA] Assessment Test held on 19th December, 2009 is likely to be declared on 17th January, 2010 around 2.00 PM - (13-01-2010)

12th January, 2010 The result of the Information Systems Audit [ISA] Assessment Test held on 19th December, 2009 is likely to be declared on 17th January, 2010 around 2.00 PM at the Institute’s office at New Delhi. The result of the above Assessment Test will be available on the Institute’s website www.icai.org (G. SOMASEKHAR) ADDITIONAL SECRETARY (EXAMS) 1.FOLLOW US ON TWITTER CLICK HERE: http://twitter.com/taxpertindia 2.Posted www.taxpertindia.blogspot.com 3.Get Tax updates from my blog through...

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ICAI launched facility to post your Grievance online

ICAI - e-Samadhaan (The ICAI Helping Hand), Grievance Resolution Management System, For more details click on below:- http://www.icai.org/help/ 1.FOLLOW US ON TWITTER CLICK HERE: http://twitter.com/taxpertindia 2.Posted www.taxpertindia.blogspot.com 3.Get Tax updates from my blog through by joining my google group CA_taxmannindia:http://groups.google.co.in/group/ca_taxmannindia?hl=en 5.Get Free Quality SMS updates from my blog on your MOBILE:http://labs.google.co.in/smschannels/subscribe/ca_taxmannindia OR...

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Results of the Chartered Accountants Final and Final (New Course) Examinations held in November, 2009 and Common Proficiency Test (CPT) held in December, 2009 are likely to be declared on Sunday, the 17th January, 2010 around 2:00 PM - (08-01-2010)

January 7, 2010 The results of the Chartered Accountants Final and Final (New Course) Examinations held in November, 2009 and Common Proficiency Test (CPT) held in December, 2009 are likely to be declared on Sunday, the 17th January, 2010 around 2:00 PM and the same as well as the merit list (candidates securing a minimum of 55% and above marks and upto the maximum of 50th Rank in the case of Final Examination and candidates securing a minimum of 60% and above marks and upto the maximum of...

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Fringe benefit tax to hit employees with company cars

The new perquisite rules have been notified and are applicable from April 1,2009, for the current financial year. There is significant difference in respect of  the taxability of the car benefit under the Fringe Benefit Tax (FBT) regime vis-à-vis the perquisite taxation. FBT regime Under FBT, a fringe benefit was deemed to have been provided by the employer to its employees for the expenditure incurred and/or payment made for repair, running (including fuel), maintenance of the motor car...

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Cos to get fringe benefit from Q4 advance tax

The government will allow companies to adjust the fringe benefit tax (FBT) paid by them against the advance tax due in the March quarter, reducing the hazard of claiming a refund and slightly improving profits at a time of rising costs, said an income-tax department official. “The Central Board of Direct Taxes has taken an in-principle decision to allow corporates to adjust FBT paid in the first quarter against their advance tax,” he said. Finance Minister Pranab Mukherjee in his July 2009...

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Blog opened specially devoted to CA,CS and ICWAI students

Friends, Blog specially devoted for CA,CS and ICWAI students is opened which can be accessed at http://taxpertstudents.blogspot.com/ The blog is at a testing stage so if you encounter any problem please let us know at email:taxpertindia@gmail.com As a kind of 1st installment as promised i have uploaded PCC NOV 2009 papers click here to go to that post: http://taxpertstudents.blogspot.com/2010/01/nov-2009-papers.html IF you have any kind of papers of CA,CS and ICWAI exams which you wud like to...

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