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Chartered Accountants (ICAI), Cost & Works Accountants (ICWA) & Companies Secretaries (ICSI)

Accounting and Auditing

A forum to share information about latest and important decisions pronounced by the courts be it tax laws, civil laws or criminal laws

Guidance Note for Tax Audit u/s 44AB of the Income Tax Act, 1961 including ICAI view, income tax department view, circulars, notifications and relevant case laws

Income is computed under different heads under Income Tax Act, 1961. These heads are Income from salary, income from house property, profit and gains from business or profession, capital gains, income from other sources

Tax Deducted at Source / TDS / TCS / Withholding tax, TDS is required to be deducted on payment made by the payer to the payee be it salary, commission / brokerage, professional or technical fees, renting of immovable or movable property, brokerage, winnings, payment of taxable sum to the non residents etc.

A Discussion Forum and commentary on various section of Direct Tax Code Bill 2009 comparing with exisiting provisions in Income Tax Act, 1961 and discussion paper, revised discussion paper

Various issues related to Non resident (NR), Non resident Indian (NRI), foreign national

A discussion forum for Service Tax as imposed under Chapter V of Finance Act, 1994

Cenvat Credit Rules, 2004 is the bridge between central excise and service tax to avail credit of service tax paid on Input services, credit of duty paid on inputs and capital goods. The manner, procedure of availing cenvat credit, utilization of cenvat credit, refund, documentation, interest, penalty, recovery of wrong credit

Central Excise is levied under Central Excise Act, 1994 read with Central Excise Tariff Act, 1985 and various rules made there under. Various notification have been issued to exempt certain goods subject to certain conditions or without conditions, levy and collection of excise duty, determination of classification, valuation of taxable services, recovery and collection, interest and penalty, appeals and revision. Export of goods, job work, SSI units etc.

Customs duty is levied on Import and Export of goods under Customs Act, 1962 read with Customs Tariff Act, 1975 and various other rules and regulations issued there under. Baggage Rules, Clearance of import goods, filling of B/E, import / export documents, assessment, warehousing, duty drawback, interest, penalty, confiscation, valuation etc. etc.

Value Added Tax

Miscellaneous issues under Indirect Tax Laws

There are special schemes to promote the export of goods/ services from India. Be it normal export of goods or services or 100% EOU (export oriented units) or SEZ (special economic zones) units, SPTI, EHTPI etc.These schemes are working together under the provisions of customs act, central excise act, foreign trade policy, special economic zone (SEZ) act,

Facilities for large tax payer in India

FEMA, Foreign Exhange Management, Money Laundering

Corporate Laws, Company Law

SECURITIES & EXCHANGE BOARD OF INDIA (SEBI)

ISO

Notifications issues under various laws

Circulars, Instructions, Trade Notices etc. under various laws

Acts, Rules, Regulations, Forms, Schedules etc.

formats, specimen of Agreements, deeds, contracts, legal documents

Expert Advisory Committee Opinions on accounting issues

Bank Audit Manual, Long form audit report, Jhilani & Ghosh Committee reports, RBI Master and other circulars

Accounting standards issued by the ICAI, Accounting standards issued by NACAS, Accounting standards / IFRS issued by IASB

Auditing Standards as issued by The Institute of Chartered Accountants of India

Statements & Guidance notes & other technical literature as issued by ICAI