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	<title>Blog of CA Gulab A. Singh</title>
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	<description>Professional and Legal Issues of India and International Counterparts ...</description>
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		<title>Blog of CA Gulab A. Singh</title>
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		<title>Service tax collected from customers not to be added while determining presumptive shipping income under section 44B</title>
		<link>http://gulabsingh.wordpress.com/2011/06/10/service-tax-presumptive-income/</link>
		<comments>http://gulabsingh.wordpress.com/2011/06/10/service-tax-presumptive-income/#comments</comments>
		<pubDate>Fri, 10 Jun 2011 15:22:23 +0000</pubDate>
		<dc:creator>CA Gulab A. Singh</dc:creator>
				<category><![CDATA[Miscellaneous Services]]></category>

		<guid isPermaLink="false">http://gulabsingh.wordpress.com/?p=503</guid>
		<description><![CDATA[Income Tax Appellate Tribunal &#8211; Mumbai Bench Case of Islamic Republic of Iran Shipping Lines v. DCIT [I.T.A. No. 8845/Mum/2010 dated 20 April, 2011] The Tribunal held that service tax, being a statutory liability, does not involve any element of profit and the assessee is merely collecting the same from its customers on behalf of [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=gulabsingh.wordpress.com&amp;blog=5892217&amp;post=503&amp;subd=gulabsingh&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">CA Gulab A. Singh</media:title>
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		<title>Business losses carried forward beyond a period of eight years could be deducted in computing the book profit</title>
		<link>http://gulabsingh.wordpress.com/2011/06/10/bl-c-fwd-eight-years/</link>
		<comments>http://gulabsingh.wordpress.com/2011/06/10/bl-c-fwd-eight-years/#comments</comments>
		<pubDate>Fri, 10 Jun 2011 15:13:52 +0000</pubDate>
		<dc:creator>CA Gulab A. Singh</dc:creator>
				<category><![CDATA[Miscellaneous Services]]></category>

		<guid isPermaLink="false">http://gulabsingh.wordpress.com/?p=499</guid>
		<description><![CDATA[Susi Sea Foods Pvt. Ltd. v. ACIT (ITA No. 280/Vizag/2010) Visakhapatnam Bench &#8211; Tribunal Dt: 9 May 2011 &#160; Under the Income Tax Act, 1961 &#8211; business loss can be carried forward only for a period eight years and can be adjusted against business profits only.  However, under the accountancy principles, there is no such [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=gulabsingh.wordpress.com&amp;blog=5892217&amp;post=499&amp;subd=gulabsingh&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">CA Gulab A. Singh</media:title>
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		<title>The Companies (Cost Audit Report) Rules, 2011</title>
		<link>http://gulabsingh.wordpress.com/2011/06/10/the-companies-cost-audit-report-rules-2011/</link>
		<comments>http://gulabsingh.wordpress.com/2011/06/10/the-companies-cost-audit-report-rules-2011/#comments</comments>
		<pubDate>Fri, 10 Jun 2011 14:13:46 +0000</pubDate>
		<dc:creator>CA Gulab A. Singh</dc:creator>
				<category><![CDATA[Miscellaneous Services]]></category>

		<guid isPermaLink="false">http://gulabsingh.wordpress.com/?p=495</guid>
		<description><![CDATA[COMPANIES (COST AUDIT REPORT) RULES, 2001 REVISED Companies (Cost Audit Report) Rules, 2011 NOTIFICATION G.S.R. 430(E) [F.NO. 52/10/CAB-2010], DATED 3-6-2011 G.S.R. 430(E)- In exercise of the powers conferred by clause (b) of sub-section (1) of section 642 read with sub-section (4) of section 233B, and sub-section (1) of section 227 of the Companies Act, 1956 [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=gulabsingh.wordpress.com&amp;blog=5892217&amp;post=495&amp;subd=gulabsingh&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>3</slash:comments>
	
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			<media:title type="html">CA Gulab A. Singh</media:title>
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		<title>Calendar for Statutory Compliances</title>
		<link>http://gulabsingh.wordpress.com/2011/06/10/calendar-for-statutory-compliances/</link>
		<comments>http://gulabsingh.wordpress.com/2011/06/10/calendar-for-statutory-compliances/#comments</comments>
		<pubDate>Fri, 10 Jun 2011 13:44:02 +0000</pubDate>
		<dc:creator>CA Gulab A. Singh</dc:creator>
				<category><![CDATA[Miscellaneous Services]]></category>

		<guid isPermaLink="false">http://gulabsingh.wordpress.com/?p=484</guid>
		<description><![CDATA[5th of Every Month                                                      &#8211; Service Tax Payments (Except for the Month of March) 31st March                                                                       &#8211; Service Tax Payment for the month of March 7th of Every Month                                                      &#8211; TDS / TCS Payments On 14th of Jan / April / June / July / October &#8211; Electronic filing of TDS Return (Form 27Q) On [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=gulabsingh.wordpress.com&amp;blog=5892217&amp;post=484&amp;subd=gulabsingh&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">CA Gulab A. Singh</media:title>
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		<title>RBI raises NPA provisioning for bad loans</title>
		<link>http://gulabsingh.wordpress.com/2011/06/10/rbi-raises-npa-provisioning/</link>
		<comments>http://gulabsingh.wordpress.com/2011/06/10/rbi-raises-npa-provisioning/#comments</comments>
		<pubDate>Fri, 10 Jun 2011 13:32:29 +0000</pubDate>
		<dc:creator>CA Gulab A. Singh</dc:creator>
				<category><![CDATA[Financial Services]]></category>

		<guid isPermaLink="false">http://gulabsingh.wordpress.com/?p=481</guid>
		<description><![CDATA[The Reserve Bank of India (RBI) today vide circular no. DBOD.No.BP.BC. 94/21.04.048/2011-12 dated 18.05.2011 tightened the prudential norms for banks and raised provisioning requirements, a development that would impact bottom lines of banks. An asset would be classified as sub-standard asset, if it remains non-performing for a period of 12 months. An asset would be [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=gulabsingh.wordpress.com&amp;blog=5892217&amp;post=481&amp;subd=gulabsingh&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">CA Gulab A. Singh</media:title>
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		<title>Did you miss the deadline of 31.07.2010 for filing Income Tax returns?</title>
		<link>http://gulabsingh.wordpress.com/2011/06/10/miss-deadline-for-filing-returns/</link>
		<comments>http://gulabsingh.wordpress.com/2011/06/10/miss-deadline-for-filing-returns/#comments</comments>
		<pubDate>Fri, 10 Jun 2011 08:14:04 +0000</pubDate>
		<dc:creator>CA Gulab A. Singh</dc:creator>
				<category><![CDATA[Income Taxation]]></category>
		<category><![CDATA[Accounting Services]]></category>
		<category><![CDATA[Advance Tax]]></category>
		<category><![CDATA[Auditing Services]]></category>
		<category><![CDATA[CA Gulab A. Singh]]></category>
		<category><![CDATA[Chartered Accountant]]></category>
		<category><![CDATA[e-filing]]></category>
		<category><![CDATA[efiling]]></category>
		<category><![CDATA[Gulab Singh]]></category>
		<category><![CDATA[gulabsingh]]></category>
		<category><![CDATA[Income Tax Department]]></category>
		<category><![CDATA[Indian Taxation Laws]]></category>
		<category><![CDATA[Regular Tax]]></category>
		<category><![CDATA[Self Assessment Tax]]></category>
		<category><![CDATA[Service Tax]]></category>
		<category><![CDATA[TCS]]></category>
		<category><![CDATA[TDS]]></category>

		<guid isPermaLink="false">http://gulabsingh.wordpress.com/2009/08/01/did-you-miss-the-deadline-of-31-07-2009-for-filing-returns/</guid>
		<description><![CDATA[So finally the deadline for filing individual returns is over … 31st July 2010!!! I am sure most of the individual assessees would have filed the returns before the mid night of 31st July 2010. And I am also sure that many of the individual assessees would have been left in the lurch either because [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=gulabsingh.wordpress.com&amp;blog=5892217&amp;post=300&amp;subd=gulabsingh&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://gulabsingh.wordpress.com/2011/06/10/miss-deadline-for-filing-returns/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
	
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			<media:title type="html">CA Gulab A. Singh</media:title>
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		<item>
		<title>Reopening U/s. 147 invalid If reasons not recorded for income escaping assessment</title>
		<link>http://gulabsingh.wordpress.com/2011/06/07/reopening-us-147-invalid/</link>
		<comments>http://gulabsingh.wordpress.com/2011/06/07/reopening-us-147-invalid/#comments</comments>
		<pubDate>Tue, 07 Jun 2011 16:18:13 +0000</pubDate>
		<dc:creator>CA Gulab A. Singh</dc:creator>
				<category><![CDATA[Direct Taxes]]></category>
		<category><![CDATA[Income Taxation]]></category>
		<category><![CDATA[Judgements - India]]></category>

		<guid isPermaLink="false">http://gulabsingh.wordpress.com/?p=477</guid>
		<description><![CDATA[First of all lets see what Section 147 of the Income Tax Act, 1961 says: Income escaping assessment. 147. If the Assessing Officer has reason to believe that any income chargeable to tax has escaped assessment for any assessment year, he may, subject to the provisions of sections 148 to 153, assess or reassess such [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=gulabsingh.wordpress.com&amp;blog=5892217&amp;post=477&amp;subd=gulabsingh&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">CA Gulab A. Singh</media:title>
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		<item>
		<title>Establishment of Branch (BO) / Liaison Offices (LO) in India by Foreign Entities — Delegation of Powers</title>
		<link>http://gulabsingh.wordpress.com/2011/06/07/establishment-of-bo-lo-in-india/</link>
		<comments>http://gulabsingh.wordpress.com/2011/06/07/establishment-of-bo-lo-in-india/#comments</comments>
		<pubDate>Tue, 07 Jun 2011 16:04:34 +0000</pubDate>
		<dc:creator>CA Gulab A. Singh</dc:creator>
				<category><![CDATA[Miscellaneous Services]]></category>
		<category><![CDATA[BO]]></category>
		<category><![CDATA[CA Gulab A. Singh]]></category>
		<category><![CDATA[cagulabsingh]]></category>
		<category><![CDATA[FEMA]]></category>
		<category><![CDATA[LO]]></category>

		<guid isPermaLink="false">http://gulabsingh.wordpress.com/?p=473</guid>
		<description><![CDATA[RBI/2009-201 0/279 A. P. (DIR Series) Circular No.24 ,  December 30, 2009 Attention of Authorised Dealer Category – I banks is invited to Notification No. FEMA 22/2000-RB dated May 3, 2000 viz. Foreign Exchange Management (Establishment in India of Branch or Office or other Place of Business) Regulations, 2000 as amended from time to time, [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=gulabsingh.wordpress.com&amp;blog=5892217&amp;post=473&amp;subd=gulabsingh&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://gulabsingh.wordpress.com/2011/06/07/establishment-of-bo-lo-in-india/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
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			<media:title type="html">CA Gulab A. Singh</media:title>
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		<title>Indian Budget for Financial Year 2011-2012 (Asst. Year 2012-2013)</title>
		<link>http://gulabsingh.wordpress.com/2011/05/07/indian-budget-for-financial-year-2011-2012-asst-year-2012-2013/</link>
		<comments>http://gulabsingh.wordpress.com/2011/05/07/indian-budget-for-financial-year-2011-2012-asst-year-2012-2013/#comments</comments>
		<pubDate>Sat, 07 May 2011 11:33:51 +0000</pubDate>
		<dc:creator>CA Gulab A. Singh</dc:creator>
				<category><![CDATA[Direct Taxes]]></category>
		<category><![CDATA[Income Taxation]]></category>
		<category><![CDATA[Indirect Taxes]]></category>
		<category><![CDATA[Service Taxes]]></category>
		<category><![CDATA[TDS & TCS]]></category>

		<guid isPermaLink="false">http://gulabsingh.wordpress.com/?p=469</guid>
		<description><![CDATA[1. Introduction of Direct Tax Code (DTC) proposed from 01st April 2012 as against 01st April 2011 announced in the previous budget; 2. Introduction of Goods &#38; Service Tax (GST) proposed from 01st April 2012 as against 01st April 2011 announced in the previous budget. This is due to the fact that there are still [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=gulabsingh.wordpress.com&amp;blog=5892217&amp;post=469&amp;subd=gulabsingh&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>2</slash:comments>
	
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			<media:title type="html">CA Gulab A. Singh</media:title>
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		<title>Close of the financial year &#8230; 31st March 2011!!!</title>
		<link>http://gulabsingh.wordpress.com/2011/03/31/close-of-the-fin-year-31st-march/</link>
		<comments>http://gulabsingh.wordpress.com/2011/03/31/close-of-the-fin-year-31st-march/#comments</comments>
		<pubDate>Thu, 31 Mar 2011 14:05:02 +0000</pubDate>
		<dc:creator>CA Gulab A. Singh</dc:creator>
				<category><![CDATA[Accounting Services]]></category>
		<category><![CDATA[Income Taxation]]></category>
		<category><![CDATA[Miscellaneous Services]]></category>
		<category><![CDATA[Auditing Services]]></category>
		<category><![CDATA[CA Gulab A. Singh]]></category>
		<category><![CDATA[Chartered Accountant]]></category>
		<category><![CDATA[e-filing]]></category>
		<category><![CDATA[efiling]]></category>
		<category><![CDATA[Gulab Singh]]></category>
		<category><![CDATA[gulabsingh]]></category>
		<category><![CDATA[Income Tax Department]]></category>
		<category><![CDATA[Indian Taxation Laws]]></category>
		<category><![CDATA[TDS]]></category>

		<guid isPermaLink="false">http://gulabsingh.wordpress.com/2009/03/31/close-of-the-financial-year-31st-march/</guid>
		<description><![CDATA[Finally, we saw the dawn of March 31. With the arrival of the new financial year 2011–2012, we just hope that the global recession doesnt haunt us anymore. In the ensuing new financial year 2011–2012, we need to: 1. Organise our accounts fairly well; 2. Those who has no tax deduction by way of TDS [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=gulabsingh.wordpress.com&amp;blog=5892217&amp;post=135&amp;subd=gulabsingh&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>2</slash:comments>
	
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			<media:title type="html">CA Gulab A. Singh</media:title>
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