FAQs on income tax returns

FAQs on income tax returns

Great work by Taxmann.com, follow following link

http://www.taxmann.com/topstories/105010000000010444/faqs-on-income-tax-returns.aspx

JOBS - ASSISTANT CENTRAL INTELLIGENCE OFFICER- OPPORTUNITY FOR GRADUATES

ASSISTANT CENTRAL INTELLIGENCE OFFICER – GRADE II/EXECUTIVE
EXAMINATION – 2013

1. DESCRIPTION OF POST
Name of the post - Assistant Central Intelligence Officer, Grade-II/Executive
Classification Group ‘C’, Non-gazetted/Non-Ministerial
Number of vacancies-   750 (UR-380, OBC-202, SC-112 & ST-56)
Age limit 18-27 years
Upper age limit is relaxable by 5 years for SC/ST and by
3 years for OBC candidates. Upper age limit is also relaxable for Departmental Candidates with 3 years
continuous service, upto 40 years and also certain other categories in accordance with the instructions or orders issued by Central Government from time to time.

Pay scale Rs. 9300-34800 plus Grade Pay Rs. 4200 (PB-2) (Plus admissible Central Government allowances).
Essential qualifications - Graduation or equivalent from a recognized University.
Desirable qualifications - Knowledge of computers.

for detailed information follow this link

http://mha.nic.in/pdfs/DtlAwdtz-ACIO-II-130713.pdf

JOBS FOR MBA-HR, MSC-CHEMISTRY, BE-BTECH, MCA, LAW

Hindustan Petroleum Jobs

1. POSITION : Officer Trainee – Quality Control / Operations 

NO. OF VACANCIES : 24 (Unreserved : 12, SC: 04, ST : 02, OBC – NC : 06 )

QUALIFICATIONS 

 (FOR POSITION 1 ) : Post Graduate Degree in Chemistry (Analytical / Physical / Organic 

 /Inorganic), equivalent to M.Sc in Chemistry. 

MAXIMUM AGE LIMIT : 27 years as on 16.07.2013 

2. POSITION : Officer Trainee – Human Resources 

NO. OF VACANCIES : 12 (Unreserved : 6, SC : 02, ST: 01, OBC–NC : 3) 

 

QUALIFICATION : Two year full time, Post graduate Degree /Equivalent course in HR / 

Personnel Management / Industrial Relations or Masters in Business Administration (MBA) with 

specialization in HR/Personnel Management from AICTE approved / UGC recognized institute / 

university 

 

MAXIMUM AGE LIMIT : 27 years as on 16.07.2013

3 POSITION : Information Systems Officer 

 NO. OF VACANCIES : 26 (Unreserved: 13, SC : 4, ST : 2, OBC–NC : 7) 

 

 

 QUALIFICATIONS (FOR POSITION 3 ): 

 

1) Full time four year B.E. / B.Tech. in the discipline of Electronics / Telecommunications / 

Electronics & Telecommunications / Computer Science / Information Technology from AICTE 

approved / UGC recognized institute / university.

Or

2) Three years full time course in Masters in Computer Applications (MCA) / Masters in 

Computer Science (MCS) from AICTE approved / UGC recognized institute / university.

Or3) Two years full time course in Masters in Business Administrations (MBA) / Masters in

Management Studies (MMS) with Information Technology or Systems or Computer Science 

as specialization from AICTE approved / UGC recognized institute / university.

4. POSITION : Law Officer 

NO. OF VACANCIES : 12 (Unreserved : 6, SC: 2, ST : 1, OBC – NC : 3)

 

QUALIFICATIONS (FOR POSITION 4 ) : 

Candidates possessing a Degree in Law through a Fulltime Course of three years after graduation or 

five years after 12th Standard, with minimum 60% in aggregate of all the semesters/ years for 

Unreserved and OBC-NC candidates (55% for SC/ST & PWD candidates) are only eligible to apply. 

MAXIMUM AGE LIMIT : 26 years as on 16.07.2013 

(For position 4 ) 

WORK EXPERIENCE (For position 4.A ) : 

A. Minimum of one year experience as a practicing Advocate or working in a reputed Law Firm or 

Company. For practicing Advocates, the experience must be after enrolment in the Bar and for 

working candidates, it must be post qualification

AND 

a) Experience should preferably relate to drafting Agreements, preparing Court/Arbitration 

papers, briefing Counsel, etc. substantially covering the law relating to Contracts, Sale of 

Goods, Transfer of Property, Intellectual Property and Consumer Protection. Exposure to 

Cyber Law and Competition Law will be an added advantage.

OR 

b) The candidate should preferably have experience of drafting agreements, handling cases 

before courts/tribunals/conciliation officers, briefing counsel etc. covering various labour 

legislation [viz. ID Act, Contract labour(R&A) Act, min wages Act], experience in handling 

Statutory Compliance related issues

MORE INFORMATION FOLLOW THIS LINK

http://www.hindustanpetroleum.com/Upload/En/UPdf/OOTHPCL.pdf

IBPS RRB is Back

COMMON WRITTEN EXAMINATION [CWE] for
recruitment of Officers (Scale-I, II & III) and Office Assistants
(Multipurpose) in Regional Rural Banks (RRBs)

The next Common Written Examination for RRBs (RRBs
Group-“A”-Officers (Scale-I, II & III) and Group
be conducted online by the Institute of Banking Personnel Selection (IBPS) tentativ
September/ October 2013.

Follow this link



http://www.ibps.in/career_pdf/CWE_Advertisement_RRBs_Phase_II.pdf

CA JOBS- NTPC

QUALIFICATION:
a) Executive Trainees - Finance (ET-Fin):
 CA / ICWA qualified candidates are eligible to apply. Students who expect their final result
by 01.09.2013 may also apply.
AGE LIMIT:
Upper Age limit is 29 years as on 08.07.2013 i.e. candidates born before 09.07.1984 need not
apply.

COMPENSATION PACKAGE:
NTPC Ltd. offers one of the best pay packages in the industry. Selected candidates will be
placed in the pay scale of Rs. 24900-3%-50500 at the basic pay of Rs. 24900/- during oneyear training. These candidates will be absorbed after successful completion of training as
Officer in the pay scale of Rs. 24900-3%-50500 at a basic pay of Rs. 25650/-.
Besides basic pay candidates will also be paid Dearness Allowance and will also be entitled for
other perquisites & allowances under cafeteria approach. Benefits such as leave, medical
treatment, Provident Fund, Gratuity, etc will be admissible as per company rules in force from
time to time during training / after absorption.

For Full Detail Go to following link


http://www.ntpccareers.net/et_files/f13_advt.pdf

Food Corporation of India Recruitments

An opportunity to be a part of the Organization which plays a key role in providing
food security to the nation

Follow this link

http://specialtest.in/fci/NORTHMTCATII/CommonAdvt-MTCatII.pdf

RBI GRADE B OFFICERS QUESTION PAPERS SOLVED

GO TO FOLLOWING LINK

http://www.mediafire.com/download/pb6a4tcwzjpkut6/RBI_Grade_B_Previous_Paper_-_Gr8AmbitionZ.pdf

Punjab Infrastructure Development Board Recruitment

Punjab Infrastructure Development Board  headed by the Chief Minister Punjab and
designated agency of the State engaged in the development of Infrastructure invites
applications for one post each of Assistant General Manager (Finance), Assistant General
Manager (Projects) and Assistant General Manager (Architecture & Planning) on contract
basis. The appointment will be for an initial period of five years and can be extended.The
persons so appointed will be paid a Gross remuneration of Rs. 75,000/- per month with a
10% annual increase

Qualification The candidates should possess following minimum educational qualifications from very
reputed institutions:-
● Assistant General Manager (Finance) : B.Com and MBA Finance
● Assistant General Manager (Projects) : BE Civil/Electrical/Mechanical and MBA
● Assistant General Manager (Architecture & Planning) : B. Architect/BE(Civil) and Masters in Planning with
specialization in Urban design/Architecture
Candidates must also have scored not less than 80% marks in 10+2 and 70% marks each in
Graduation and Masters. Knowledge of Punjabi Language upto Matric Standard is desirable.
The candidates must have minimum two years of experience of working in the relevant
fields. The candidates with score above qualifying marks in Graduation and Post Graduation
and above minimum experience will be given added weightage. The candidates should also
upload the scanned copy of filled up application form.

FOR APPLICATION FORM GO TO FOLLOWING LINK

http://www.pidb.org/pubic_appointments.pdf

Recruitment to the post of Officers in Gr ‘B’ (General)-DR

Recruitment to the post of Officers in Gr ‘B’ (General)-DR

IMPORTANT DATES:-

Website Link Open- For ON-LINE Registration of Applications	12/06/2013 to 11/07/2013
Payment of Fees - ON-LINE	12/06/2013 to 11/07/2013
Payment of Fees at Bank Branches (OFF-LINE)	14/06/2013 to 15/07/2013

Number of Vacancies
Post	Unreserved i.e., General (GEN)	Scheduled Castes (SC)	Scheduled Tribes (ST)	Other Backward Classes (OBC)#	TOTAL
Officers in Grade 'B' (General) – (Direct Recruitment - DR)	49	15	07	27	98*

Educational Qualifications (as on 01/06/2013): i) A First Class Bachelor's Degree with a minimum of 60% marks or an equivalent grade, in aggregate of all semesters / years ; OR ii) A Second Class Master's Degree with minimum of 55% marks or an equivalent grade, in aggregate of all semesters / years; OR iii) A Doctorate Degree; with minimum of 50% marks or an equivalent grade, in aggregate of all semesters / years in Master's Degree; OR iv) Chartered/Cost Accountant/Company Secretary (ACS) with a Bachelor's Degree; OR v) A Post Graduate Diploma in Management / MBA qualification from institutions recognized by Government of India / University Grants Commission, with Graduation / Bachelor's Degree.

NOTE: (1) SC/ST/PWD candidates having second class with a minimum of 50% marks or an equivalent grade, in aggregate of all semesters / years in Bachelor's Degree examination : OR having a Post-graduate Degree or equivalent recognized qualification, are eligible to apply.

Pay Scale:

Selected Candidates will draw a starting basic pay of `21,000/- p.m. in the scale of `21000-1000-30000-EB-1000-32000-1100-36400 applicable to Officers in Grade B and they will also be eligible for Dearness Allowance, Local Allowance, House Rent Allowance, Family Allowance, and Grade Allowance as per rules in force from time to time. At present, initial monthly Gross emoluments are approximately `47,855/-.

Note: For candidates possessing very high academic or professional qualification / experience of significant value to the Bank, the Bank may, at its sole discretion, consider granting up to four advance increments. The Board, at its sole discretion, may consider requests for higher emoluments on account of higher qualification/special experience of value to the Bank at the interview stageonly. Such information may be furnished in the Bio-data Form in the appropriate column. The number of maximum increments will be four. The Board/Bank will not entertain any request received after the interview.

FOR INFORMATION GO TO FOLLOWING LINK

http://rbi.org.in/scripts/bs_viewcontent.aspx?Id=2685

PRESERVATION OF BOOKS UNDER INCOME TAX ACT,1961

PRESERVATION OF BOOKS UNDER INCOME TAX - There is no such in writing that for how long a company have to preserved its Books of Accounts for Income Tax Purpose, But according to section 209 4 (A) of the Companies Act, a company should maintained its books of accounts for period of at least 8 years.

Now Question arise  as per Income Tax Act, Some CA's give opinion on this that every person should preserve books of accounts and other documents   for atleast 6 years from the end of relevent assessment year. They are giving there opinion by reading the following ,

RULE 6F (5) OF SECTION 44AA(3) (BARE ACT)
The books of account and other documents specified in sub-rule (2) and sub-rule (3) shall be kept and maintained for a period of ⁷⁵[six] years from the end of the relevant assessment year:

But One must understand the above provision , this section is for persons carrying on legal, medical, engineering or architectural profession or the profession of accountancy or technical consultancy or interior decoration or authorised representative or film artist and NOT FOR A COMPANY/NON COMPANIES.

POINT TO BE NOTED (MY OPINION)

153A. BARE ACT  Notwithstanding anything contained in section 139, section 147, section 148, section 149, section 151 and section 153, in the case of a person where a search is initiated under section 132 or books of account, other documents or any assets are requisitioned under section 132A after the 31st day of May, 2003, the Assessing Officer shall—

          (a)  issue notice to such person requiring him to furnish within such period, as may be specified in the notice, the return of income in respect of each assessment year falling within six assessment years referred to in clause (b), in the prescribed form and verified in the prescribed manner and setting forth such other particulars as may be prescribed and the provisions of this Act shall, so far as may be, apply accordingly as if such return were a return required to be furnished under section 139;

          (b)  assess or reassess the total income of six assessment years immediately preceding the assessment year relevant to the previous year in which such search is conducted or requisition is made

So a company must preserve its books of accounts for a period of at least 7 previous years as per Income Tax Act,1961 

Abhishek Gupta

Chartered Accountant

8556001601

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IBPS Common Written Exam (CWE) for Specialist Officers Cadre, Jan-2013

IBPS Common Written Exam (CWE) for Specialist Officers Cadre, Jan-2013

Institute of Banking Personnel Selection (IBPS), an autonomous body, has been authorized by the IBA and has received mandates from 20 Public Sector Banks to conduct the recruitment of Specialist Officers Cadre posts twice in a year for their requirements. A Common Written Examination (CWE) will be conducted tentatively in March 2013 by the IBPS as a pre-requisites for selection of personnel for Specialist Officers Cadre posts in the various 20 Public Sector Banks. Interested & eligible candidates can apply ONLINE before the last date. The complete details of the recruitment was given below.

Specialist Officers

• Information Technology Officer (Scale-I)
• Agriculture Field Officer (Scale-I)
• Rajbhasha (Hindi) Officer (Scale-I)
• Law Officer (Scale-I)
• Technical Officer (Scale-I)
• HR/ Personnel Officer (Scale-I)
• Marketing Officer (Scale-I)
• Information Technology Officer (Scale-II)
• Law Officer (Scale-II)
• Chartered Accountant (Scale-II)
• Finance Executive (Scale-II)

A Common Written Examination (CWE SPL-II) will be conducted on 16/March/2013 OR 17/March/2013 by the IBPS as a pre-requisites for selection of personnel for Specialist Officers Cadre posts in the following 20 Public Sector Banks.

Allahabad Banks / Andhra Bank/ Bank of Baroda/ Bank of India/ Bank of Maharashtra/ Canara Bank/ Central Bank of India/ Corporation Bank/ Dena Bank/ IDBI Bank/ Indian Bank/ Indian Overseas Bank/ Oriental Bank of Commerce/ Punjab National Bank/ Punjab & Sind Bank/ Syndicate Bank/ Union Bank of India/ United Bank of India/ UCO Bank/ Vijaya Bank.

Those will be successful in the Common Written Exam (CWE) will be given a scorecard (Like CAT exam of IIM) and may apply to any of the participating bank when they come up with their job vacancy and then these successful candidates have quote their personal details and their CWE scores.

Each of the bank will issue individual recruitment notifications, details of vacancies, eligibility criteria etc. separately.

How to Apply :  Candidates need to apply ONLINE at IBPS website from10/January/2013 – 28/January/2013 only.

Important Dates :

• Payment of Application Fees :  10/January/2013 – 28/January/2013
• Start date of Online submission of Application :  10/January/2013
• Last date for online submission of Application : 28/January/2013
• Tentative Date of CWE Exam for Specialist Officers : 16/March/2013 OR 17/March/2013
• GO TO FOLLOWING LINK

http://www.ibps.in/

CA JOBS

CA RECRUITMENT IN OIL INDIA LIMITED

OIL INDIA LIMITED, a Navratna Public Sector Undertaking is the pioneering and second-largest national 

upstream Oil and Gas Company with a pan Indian presence and growing global footprint. OIL is all set to 

conquer newer horizons of all-round growth and excellence.

Pay Scale: Rs. 32900–58000

Educational Requirements: Associate Member of ICAI/ICWAI

Experience Requirements: Candidates must have experience in Financial/ Audit Functions in (i) reputed Public or Private Sector Companies OR (ii) Govt. Audit Dept. or Audit Firms conducting audit of other Companies.

Details will be available at:

http://www.oil-india.com/Document/Career/Advertisement_for_recruitment_of_executives_in_direct_grades_for_FA_discipline_24122012.pdf