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All India CA student All india ca student is an interactive platform for CA students to share there experience, knowledge & professional updates.

All india ca student is a Platform for CA students created by CA student....
all the news related to our profession one can get on this page....
also one can post any news...post ur problems we can try to solve it...

28/01/2018

Result day. Day of aspirations and expectations along with a great feeling of stress, excitement and hopes.

The day has arrived. Wish you all the best. Belive or not, ICAI always do justice. The *deserving* ppl gets coupon to go in *next battle* of life. Others get other *opportunity* to prove themselves.

Life/struggle don't end here for both the successful and for those who could not make it.

Those who are successful have a long battle ahead. Wish good luck for the new learnings.

Those who could not succeed have to prove themselves. Some more time. May be this day they are not in their own time zone. Each person has different time zone.

Good luck to all.

- CA Pawan Maloo
VED Commerce Academy
9th Lane, Above LIC office, Jaysingpur.
7738770841
7021845184

For those who are from Ichalkaranji, Kolhapur, sangli, miraj, Jaysingpur and nearby area We are happy to announce CPT ba...
15/02/2017

For those who are from Ichalkaranji, Kolhapur, sangli, miraj, Jaysingpur and nearby area

We are happy to announce CPT batch in Jaysingpur for June 2017 attempt
and
IPCC crash course for Taxation, Corporate Law and audit for may 2017 attempt.

I'm having teaching experience to CPT and IPCC and CA FINAL

You may see my video lectures on CA FINAL DIRECT TAX CASE LAWS on YouTube on the below link.

https://youtu.be/e2YB5b_5-Ok

https://youtu.be/B5gJsY-LXUA

https://youtu.be/gHPTc8E-CDY

https://youtu.be/67YNwYbNy90

https://youtu.be/BMn_KOhurho

We are launching our batch at Jaysingpur in last week of March month.

For enquiry about registration and fees feel free to contact me on 7738770841.

Also inform your friends & relatives who may be interested.

- PAWAN MALOO

CA Final Direct Tax Case Laws Applicable for May 2017 and Nov 2017- Video -5

21/08/2016

Anyone want to be new admin of this page ?

22/03/2016

Hello CA friends
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17/01/2016

Those who are waiting for results.
Best wishes may the God bless u with flyng colors.
Wish u all the best.

- PM

15/07/2015

We have separate WhatsApp groups for professionals as well as CA final students and Ipcc students. Interested person may ping me with name and fb I'd on my number 07738770841

PAWAN MAHESHWARI

29/06/2015

Section 147 and 148 of Income Tax Act is a well designed weapon for the Income Tax Department empowering it to assess, re-assess or re-compute income, turnover

My article on reassessment under section 147
24/06/2015

My article on reassessment under section 147

Assessment is a procedure adopted to determine the correctness of the income disclosed by the assessee and tax payable thereon. Than what is reassessment and wh

09/06/2015

SEBI (Listing of Specified Securities on Institutional Trading Platform) Regulations 2013 came into force on 08.10.2013. Slowly and gradually companies and the

27/02/2015

- Check out offers and Recharge your phone for free

09/08/2014

Commissioner of Income Tax Vs. Vector Shipping Services (P) Ltd.

Supreme Court dismissed Revenue's SLP- Dis-allowance u/s 40(a)(ia) applies only to amounts "payable" as on 31st March and not to amount already "paid" during the year.

Section 40(a)(ia) of Income Tax, 1961 (the act) contains provisions which entail dis-allowance of expenditure in the nature of interest , commission or brokerage, rent, etc “Payable” to a resident on which tax is deductible under chapter XVII-B of the Act and such tax has not been deducted or after deduction has not been paid on or before the due date specified in 139(1)

As observed by CIT (A) and affirmed by the Tribunal Held that assessee- Company is not required to deduct TDS on reimbursement of salary made to M/s Mercator as “It was not disputed that M/s Mercator had deducted TDS on salaries paid by it on behalf of assessee. Under such circumstances assessee was not required to deduct TDS on reimbursement being made by it to M/s Mercator. Further in any view of of the matter, since it is not disputed that no amount remained payable at the year end, therefore, in view of the Special Bench decision in the case of Merilyn Shipping and Transport Ltd,[(136 ITD 23)] (SB) addition could not be made.”

-Pavan Maheshwari

08/08/2014

All the best CA final Aspirants. May god bless you all with success and happiness and love of ur loved ones.

- Pavan Maheshwari

Student friendly measures taken by ICAI. Follow the below given linkhttp://www.icai.org/news.html?news=6280
20/07/2014

Student friendly measures taken by ICAI. Follow the below given link

http://www.icai.org/news.html?news=6280

ICAI - The Institute of Chartered Accountants of India set up by an act of parliament. ICAI is established under the Chartered Accountants Act, 1949 (Act No. ###VIII of 1949)

19/07/2014

A small but interesting story....

A giant ship engine failed.
The ship's owners tried one expert after another, but none of them could figure but how to fix the engine.
Then they brought in an old man who had been fixing ships since he was a young.
He carried a large bag of tools with him, and when he arrived, he immediately went to work.
He inspected the engine very carefully, top to bottom.
Two of the ship's owners were there, watching this man, hoping he would know what to do.
After looking things over, the old man reached into his bag and pulled out a small hammer.
He gently tapped something.
Instantly, the engine lurched into life.
He carefully put his hammer away.
The engine was fixed! A week later, the owners received a bill from the old man for ten thousand dollars.
"What?!" the owners exclaimed. "He hardly did anything!"
So they wrote the old man a note saying, "Please send us an itemized bill."
The man sent a bill that read:
Tapping with a hammer........ $ 2.00
Knowing where to tap........ $ 9,998.00
Moral of the story:
Effort is important, But knowing where to make an effort in your life makes all the difference.
"Life doesn't change in ONE MINUTE, but
Taking decision After thinking ONE MINUTE can change life."

17/07/2014

Date of CA Examination Nov 2014 announced. Follow the link to get details

http://220.227.161.86/34161exam23857main.pdf

09/07/2014

Shreenath Motors Pvt. Ltd vs. CIT (Bombay High Court)

S. 37(1): Expenditure on education of director is personal expenses & not allowable deduction. Assessee mto pay costs of Rs. 50,000 to dept



The expenditure incurred for the education of the Director of the assessee viz. Mr Krishna Kachalia was out of personal consideration and not commercial consideration. The judgement in Sakal Papers 114 ITR 256 (Bom) has been considered in D.C. Mehta v/s. ITO (Income Tax Appeal No.840 of 2012). In that case, the assessee, Mr. D. C. Mehta, an Advocate by profession claimed a deduction of Rs.22L as expenditure incurred for higher education for his daughter, Hemali. The justification for the said deduction was that she joined the Appellant’s firm of Advocates and gave an undertaking that on attaining higher qualification and degree from the University abroad, she would join the firm for a minimum period of five years and thus, the said expenditure was incurred for the business of the assessee and was allowable as a deduction. It was found that the daughter Hemali joined the assessee and immediately was sent for education abroad. The assessee had not been able to bring on record anything and particularly the scheme for higher education abroad for employees and associates. Despite other associate Advocates working in the firm of the Assessee, none were given an opportunity to go abroad for higher education despite the fact that some were working with him for the last 15 years. Despite the aforesaid, within a period of two to three months, after the daughter Hemali became an Advocate and joined the firm as an Associate, she went abroad. In this view of the matter, the Division Bench upheld the contention of the authorities below in disallowing the deduction. The judgment in Sakal Papers must be seen in the peculiar facts and background and the cumulative impact of all events & circumstances must be seen. Only because there was no commitment or contract or bond taken from the trainee, the expenditure cannot be disallowed to the assessee, particularly when as a result of that expenditure, the trainee had secured both, a degree and training which would be of assistance to the assessee Company. The facts of the present case are totally different from that of Sakal Papers and almost identical to that in D. C. Mehta’s case (Chandulal Keshavlal 38 ITR 601 (SC), S.A. Builders 288 ITR 1 (SC) distinguished). The assessee to pay costs of Rs.50,000 to the Respondents

08/07/2014

Disallowance under section section- 40(a)(ia)
Below is the link which exploited ths flaws and Issues related to this section
https://www.bcasonline.org/articles/artin.asp?1111


-Santosh Choudhury

Issue for ConsiderationSection 40(a)(ia) is placed in Chapter IV D that deals with computation of profits and gains of business or profession. The said section lists out various expenditures that are not deductible in computing such profits and gains notwithstanding anything to the contrary containe…

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