Do’s: • Do ensure that you have a valid passport. The passport should preferably be valid at least for the next six months so that no immediate inconvenience is caused to you on your reaching the country of employment. • Do ensure that you are recruited through an authorized Recruiting Agent. Insist on seeing his… Read More »
Ministry of Textiles, Govt of India on 25-November, 2015 Government formulates strategy to address price rise of raw jute Government decides to take de-hoarding measures to tackle rising raw jute prices Matter of ban on export of raw jute by Bangladesh to be taken up Declining trend in jute cultivation to be checked Hon’ble Minister… Read More »
INSURANCE POLICY PRAVASI BHARATIYA BIMA YOJANA In an effort to safeguard the interests of the emigrant workers, the Government of India had initially introduced the “Pravasi Bharatiya Bima Yojana, 2003”, an insurance scheme compulsory for those emigrants who need Emigration Clearance from POEs. After considering the effectiveness of the scheme, the Pravasi Bharatiya Bima Yojana… Read More »
What is Emigration ? Emigration means the departure of any person from India for employment (whether or not under an agreement, with or without the assistance of a registered Recruiting Agent or employer) in any country or place outside India. The Indian Emigrant Emigration of Indian workers to other countries has been an ongoing process… Read More »
Ministry of Overseas Indian Affairs Govt of India on 25-November, 2015 “ Bharat Ko Janiye ” Online Quiz launched for the Indian Diaspora The Union Minister for the Ministry of Overseas Indian Affairs (MoIA) and the Ministry of External Affairs (MEA) Smt. Sushma Swaraj today launched the “ Bharat Ko Janiye ” an online quiz… Read More »
What is Domain name ? Domain names are used to identify one or more IP addresses. For example, the domain name microsoft.com represents about a IP addresses (IP address is a 32-bit numeric address written as four numbers separated by periods. Each number can be zero to 255. For example, 1.160.10.240 could be an IP… Read More »
IN THE INCOME TAX APPELLATE TRIBUNAL, BENCH “B”, KOLKATA [Before Hon’ble Sri N.V.Vasudevan, JM & Hon’ble Sri M.Balaganesh, AM] ITA No.464/Kol/2008 Assessment Year : 2001-02 A.C.I.T., Circle-6, Vs West Bengal Infrastructure Development Finance Corporation, Kolkata Facts of the Case The assessee had not recognized as income interest that has to receive on loans that it… Read More »
IN THE INCOME TAX APPELLATE TRIBUNAL, BENCH “B”, KOLKATA [Before Hon’ble Sri N.V.Vasudevan, JM & Hon’ble Sri M.Balaganesh, AM] ITA No.388/Kol/2008 Assessment Year : 2001-02 West Bengal Infrastructure Development Finance Corporation, Kolkata -vs- A.C.I.T., Circle-6, Facts of the case The assessee is a Government company wholly owned by the Government of West Bengal. It… Read More »
Reopening based on retrospective amendment after 4 years not permissible in absence of failure in disclosure of material facts by assessee IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCHES “G”, MUMBAI M/s.Golden Tobacco Limited Vs The Jt.Commissioner of Income-tax Date of Pronouncement :28. 10.2015 The perusal of `Reasons’ would show that, again, these `Reasons’… Read More »
A company (ABC Ltd.) is engaged in the business of manufacturing of packing materials. It owns heavy plant & machineries and other fixed assets. Recently it has revalued its fixed assets and adjusted the resulted gain or loss with total book value of fixed assets, instead of book value of individual asset. Whether accounting treatment… Read More »