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FINANCE BILL, 2012 PASSED

VODAFONE CASE OVERRULED BY FINANCE BILL 2012

BUDGET 2012 PRESENTED TODAY ON 16 MARCH, 2012 IN PARLIAMENT

SECTION 10(46) OF THE INCOME-TAX ACT, 1961 - EXEMPTIONS - STATUTORY BODY/AUTHORITY/BOARD/COMMISSION - NOTIFIED BODY OR AUTHORITY

INCOME-TAX (APPELLATE TRIBUNAL) AMENDMENT RULES, 2012 - AMENDMENT IN RULES 2, 4A, 9, 26 & 34A; DELETION OF PROVISO TO RULE 35A A

SECTION 65(105)(zzb), READ WITH SECTION 65(19) OF THE FINANCE ACT, 1994 - BUSINESS AUXILIARY SERVICE - LEVY OF SERVICE TAX

IT/ILT : A duly incorporated company under law of a country outside India is to be accepted as 'company'

STANDARDIZED LOT SIZE FOR SME EXCHANGE/PLATFORM CIRCULAR NO. MRD/DSA/06/2012, DATED 21-2-2012

SECTION 139 OF THE INCOME-TAX ACT, 1961 - RETURN OF INCOME - EXEMPTION TO SPECIFIED PERSONS FROM REQUIREMENT OF FURNISHING

SECTION 139 OF THE INCOME-TAX ACT, 1961 - RETURN OF INCOME - EXEMPTION TO SPECIFIED PERSONS FROM REQUIREMENT OF FURNISHING

SECTION 10(15), ITEM (h) OF SUB-CLAUSE (iv) OF THE INCOME-TAX ACT, 1961 - EXEMPTIONS - INTEREST ON BONDS/DEBENTURES - NOTIFIED B

CENVAT CREDIT (FIRST AMENDMENT) RULES, 2012 - AMENDMENT IN RULE 12

REFUND OF STATUTORY FEES PAID FOR CERTAIN SERVICES

RISK MANAGEMENT AND INTER-BANK DEALINGS - COMMODITY HEDGING

FOREIGN INVESTMENT IN SINGLE - BRAND RETAIL TRADING - AMENDMENT TO THE FOREIGN DIRECT INVESTMENT

Export of Goods and Services - Forwarder's Cargo Receipt

REVIEW OF THE POLICY ON FOREIGN DIRECT INVESTMENT- LIBERALIZATION OF POLICY IN SINGLE-BRAND RETAIL TRADING - AMENDMENT IN CIRCUL

GUIDELINES ON HANDLING OF COURT CASES AND OTHER LITIGATION MATTERS RELATING TO SEZs

CENTRALISED PROCESSING OF RETURNS SCHEME, 2011

SECTION 69 OF THE FINANCE ACT, 1994 - REGISTRATION - CONVERSION OF TEMPORARY BASED REGISTRATION (STC) INTO PAN BASED REGISTRATIO

CLARIFICATION ON INTEREST RATES ON SMALL SAVINGS SCHEMES

CHANGES IN RE-INVESTMENT PERIOD OF FII DEBT LIMIT

ISSUANCE OF NON-CONVERTIBLE DEBENTURES (NCDs)

SECTION 65(109a) OF THE FINANCE ACT, 1994 - TELECOMMUNICATION SERVICE - CLARIFICATION ON TAXABILITY IN RESPECT OF INTERNATIONAL

COMPANIES (ACCOUNTING STANDARDS) (SECOND AMENDMENT) RULES, 2011

FOREIGN INVESTMENT IN PHARMACEUTICALS SECTOR - AMENDMENT TO THE FOREIGN DIRECT INVESTMENT SCHEME

Criteria-Guidelines for IT Scrutiny for AY 2010-11-FY 2009-2010

PPF & SMALL SAVING SCHEMES - ANNUAL CEILING ON INVESTMENT IN PPF RAISED TO RS. 1 LAKH AND RATE OF INTEREST RAISED TO 8.6 PER CEN

DISCUSSION PAPER ON TAX ACCOUNTING STANDARDS

Section 90 of the Income-tax Act, 1961 - Double Taxation Agreement - Agreement for Exchange of Information with respect to taxes

SECTION 194A OF INCOME-TAX ACT, 1961 - DEDUCTION OF TAX AT SOURCE - INTEREST OTHER THAN INTEREST ON SECURITIES - TAX DEDUCTION

MEASURES TAKEN BY GOVERNMENT TO TACKLE BLACK MONEY

PRESS RELEASE, DATED 6-9-2011

LATEST IN JUDICIARY

NEW RETURNS FORMS NOTIFIED

FINANCE BILL, 2010 BECOME FINANCE ACT 2010 ON 8.5.2010

NO ALTERATION IN CHEQUES AFTER 1st JULY, 2010

NO TDS UNDER SECTION 194C WHERE FINANCE AGREEMENTS ENTERED INTO BETWEEN A FINANCING CO. AND PRODUCER

EVEN BONUS SHARES ELIGIBLE FOR LOWER TAX RATE

ZERO COUPON BOND

RECENT AMENDMENT IN EQUITY LISTING AGREEMENT

THE COMPANY SECRETARIES (AMENDMENT) BILL, 2010

NEW SARAL 2 NOTIFIED

ESI LIMIT REVISED

COFFEE DEBT RELIEF PACKAGE

FINANCE BILL, 2010 PASSED BY LOK SABHA

REVISION TEST PAPER FOR MAY 2010 EXAMS

LATEST IN JUDICIARY

MEMORANDUM EXPLAINING FINANCE BILL, 2010

SOLVED QUESTION PAPER OF NOV. 09 (NEW SYLLABUS)

SOLVED QUESTION PAPER OF NOVEMBER 2009 EXAM (OLD SYLLABUS)

HIGHLIGHTS OF AMENDMENTS MADE BY FINANCE ACT, 2009

Guidelines for setting up of SSI units in the SEZs.

TDS from Salaries during the Financial Year 2009-10

Irregular availment of Cenvat credit on certain activities not amounting to manufacture

Relaxation in Remittance of Salary

Limited Liability Partnership (Amendment) Rules, 2010

Revised quarterly reporting format for Foreign Venture Capital Investors

Empanelment of Chartered Accountant firms for the year 2010-2011

Money Changing Activities- Suspicious Transaction Reporting Format

Amendment in 'Issue of Capital and Disclosure Requirements'

Simplified Debt Listing Agreement for Debt Securities - Amendments

Purchase of Immovable Property in India by PIOs

PAYMENT OF GRATUITY (AMENDMENT) ACT, 2009

Income-tax (Dispute Resolution Panel) Rules, 2009

Mobile Banking Transactions- Operative Guidelines for Banks

CBDT panel to set safe harbour norms

NBFCs not on par with Banks

Insertion of Rule 37BA and 37-I

Your income tax details is not out of bounds

Procedure for Representation before BIFR and AAIFR

Companies can adjust FBT paid against tax due in March

Adjustment of Service Tax

Auditors cannot be forced to part with information of clients not related to search, found in their

S. 14A disallowance has to be made even if assessee has no tax-free income

Applicability of Section 14A on partnership firms

Delhi VAT Amendment Act, 2009

Applicability of provisions under section 194J

TDS from payments of second installment of arrears on implementation of Sixth Central Pay Commissi

Income deemed to accrue or arise in India

Remittance to Non-Residents under Section-195 and matter connected thereto

Amendment in Rule 67

Amendment in Electronic Furnishing of Income Scheme, 2007

Standardized lot size for derivative contracts on individual securities

Systems Audit of Mutual Funds

Notified persons, notified sporting events and Specified income

Scheme for Filing of Statutory Documents and other Transactions by Companies in Electronic Mode

Duty Drawback and sale of DEPB license not eligible for tax holiday: Supreme Court

Mandatory application of Cost Accounting Standards, w.e.f. 1st April 2010

MCX TRANSACTIONS- NO MORE SPECULATIVE

NEW PROVISIONS FOR TDS/TCS

INSERTION OF RULE 37BB

INSERTION OF RULE 40E

SUPREME COURT DISMMED THE VODAFONE APPEAL

CBDT CLARIFIES THE DEFINITION OF "CHARITABLE PURPOSE"

LIMITED LIABILITY PARTNERSHIP

Vodafone's Case

SUPREME COURT ON BOOK PROFIT ADJUSTMENTS

NEW COMPANY'S BILL

SCRUTINY NORMS FOR FY 2007-08

NO TDS ON SERVICE TAX COMPONENT ON RENT

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Teacher's Profile


CA Vinod Gupta

CA Vinod Gupta
Faculty for Direct Tax


CA Vinod Gupta qualified CA with rank in C.A. Intermediate and C.A. Final examination in 1986. He has been awarded for the best paper on Taxation in C.A. Final Examination. He has authored around 100 articles on taxation in various journals and newspapers including Taxman, Current Tax Reporter, Chartered Accountant, Economic Times and Financial Express. He is currently teaching CA Final students in Northern India. He is having vast experience of teaching Direct tax, faculty at New Delhi for last 18 years.



CA Subodh V. Shah

CA Subodh V. Shah
F.C.A, DISA(ICAI)
Faculty for Cost Accounting


CA Subodh V. Shah is a Fellow member of the Institute of Chartered Accountants of India. Always a merit ranker he stood 3rd in CA Intermediate and 17th in CA Final. In addition he also got the prize of ICAI for scoring the highest marks in Direct Taxes at CA Final. He is founder of Excellent Professional Academy Pvt. Ltd in Pune which is providing coaching for CA CPT, IPCC and Final. He has coached nearly 20000 students from across the country in his teaching career of 19 years. His strong point is explanation in easy language with conceptual clarity in the subjects of Costing and Direct Taxes. A very student friendly faculty and always ready to solve their doubts. He has been a regular speaker at various conferences, seminars of the ICAI.



CA Farooq Haque

CA Farooq Haque
Faculty for Indirect Taxation


CA Farooq Haque is outstanding in teaching Indirect Tax. He qualified as a CA in the year 1998. Since then he is giving face to face classes at Mumbai, Pune, Nagpur and now started virtual classes for IDT at VG classes in Delhi and across India. He is the pioneer in taking revision batches for student's just days before the exams. His students regard him highly not only for his in-depth knowledge of various Laws, but also for his most charming and never tiring personality. His personal guidance & motivation has worked wonders for his students. He is popular as "Tax Guru".



Mr. Veekkas Kapoor

Mr. Veekkas Kapoor
Faculty for ISCA-CA Final


Mr. Veekkas Kapoor is Master in Computer Assisted / Aided Audit Techniques and Applications. He has been teaching for 12 years. He is known to be talented, innovative as well as a hard working Faculty. His simple and interesting way of teaching Audit has earned him a lot of followers amongst students. His ability to illustrate the most abstract topics in Audit in exceptionally lucid and easy manner has endeared him to many students. He takes great pleasure in writing and has contributed articles on contemporary topics to various leading corporate magazines.



Mr. Munish Sharma

Mr. Munish Sharma
Faculty for Quantitative Aptitude - CPT


Mr. Munish Sharma – A teacher having strong background in Maths/Stats and O.R. having an experience of enormous 23 years in Delhi. He has taught almost all levels of academic & professional courses. Not only has he believed in imparting theoretical & academic knowledge but also to expose students to the application aspects of Mathematics by relating to day-to-day life. Over the period he has taught students from all the fields; be it Maths (Hons), CA, CPT, ICWA, Actuarial Science, M.B.A. and is always willing to take up anything new which includes Mathematics. He has given coaching for CT-1, CT-3, CT-6. Moreover, his latest achievement in 2010 is that, one of his students named, Ankit Gupta (20203) ranked top in CT-1 (in Nov. 2010 Attempt). He is the best faculty for Quantitative Aptitude, CPT.



Mr. Manish Bhargava

Mr. Manish Bhargava
Faculty for Accounts - CPT & IPCC


Mr. Manish Bhargava, is "the best" faculty for Financial Accounting. He is aimed at providing an extensive knowledge of the subject to the students and helps them make a firm and effective decision. His main subject of teaching is Accountancy. He is teaching Accountancy since 1990. His experience of teaching Accountancy sums upto almost 20+ years. He has been very consistent with his teaching skills and that adds a feather in his cap.



Mr. Sujeet Jha

Mr. Sujeet Jha
Faculty for Mercantile Law - CPT & IPCC


Mr. Sujeet Jha, expert at teaching Mercantile Law to CA-CPT students. He has been a renowned teacher in the field of Business Law (formerly known as Mercantile Law). He aims to test the general comprehension of elements of Mercantile Law. He has 5+ years of experience in teaching this subject. He has immense knowledge about this subject and is very much useful for students, researchers, academicians, lawyers, and judges.



Mr. Akash Gulati

Mr. Akash Gulati
Faculty for Economics - CPT


Mr. Akash S Gulati is a well Known Faculty of Economics with an experience of over 9 years in the field of Academics and Professional courses. He is very result oriented teacher with the art of giving logical explanation on each and every concept of Economics. His straight forward technique and intention is to provide a customized text and diagrammatical presentations on each and every topic that helps the students to understand the concept better. His style of teaching is very different and he believes in concept clarity of every student.



CA Aesha Shah

CA Aesha Shah
Faculty for OR

CA Aesha Shah is a member of ICAI and aims to provide strong foundation to the students of Chartered Accountancy. She has done her graduation from the Symbiosis College of Arts and Commerce and then completed her course on International Economic Laws and Corporate Laws of India from Symbiosis Law College. She believes in imparting practical, rather than theoretical knowledge. Her core emphasis is on concept clarity rather than mechanical teaching. Her unique teaching skills which include a lot of real – life examples, applications and interactive sessions have been appreciated by her students. Her notes also have been well appreciated by many students and fellow faculties from various parts of India.