• Oct
  • 02
  • 2014

Confusion over Territorial Jurisdiction in Cheque dishnour cases

Added In Corporate Law
The issue of dishnour of ‘At Par” cheques needs attention in view of the fact the cheque really does not travel to the drawee bank’s place unlike in olden days. Now clearances are done through electronic transfers. Keeping this in view, strict interpretation followed in Dashrath Rathod case may be relaxed in public interest. Apex court may also take into view that this relaxation does not result in multiplicity of complaints.

Read the Full Article

  • Oct
  • 02
  • 2014

Income Tax Due Dates for October 2014

Added In Income Tax
10th October 2014 -​Due date for deposit of Tax deducted/collected for the month of September, 2014 10th October 2014 -​ Due date for deposit of TDS for the period July 2014 to September 2014 when Assessing Officer has permitted quarterly deposit of TDS under Section 192, 194A, 194D or 194H

Read the Full Article

  • Oct
  • 02
  • 2014

Regular Works For A Private Company Under Companies ACT-2013

Added In Income Tax
Post incorporation requirements are obligations which companies are supposed to fulfill subsequent to incorporation. These include filing of annual returns, change of directors or secretary, change of financial year, alteration in capital, allotment of shares, transfer of shares and change of registered office. Regular Works For A Private Company Under Companies ACT-2013:- 1. BOARD MEETING: […]

Read the Full Article

  • Oct
  • 02
  • 2014

Appointment of auditors- Form ADT-1 to be filed in 15 days

Added In Company Law
Now that 30th September is over most of the companies would have convened the AGM for the FY 2013-14. Appointment of auditors is an ordinary business to be convened at the AGM. As per section 139(1) of the Companies Act ‘2013, the company has to inform the auditor of his appointment within 15 days of the meeting in which he is appointed as an auditor.

Read the Full Article

  • Oct
  • 02
  • 2014

India Enters revised DTAA / Protocol with Poland

Added In Income Tax
NOTIFICATION NO.47/2014, DATED 24-9-2014 Whereas, a Protocol (hereinafter referred to as the said Protocol) as set out in the Annexure, was entered into between the Government of the Republic of India and the Government of the Polish People’s Republic amending the Agreement between the Government of the Republic of India and the Government of the […]

Read the Full Article

  • Oct
  • 01
  • 2014

Extension of Due date of deposit of TDS / TCS for September 2014

Added In Income Tax
The Central Board of Direct Taxes has issued an order to extend the last date of deposit of tax deducted at source/tax collected at source during the month of September, 2014 from 7th October, 2014 to 10th October, 2014 without entailing any consequential interest. However, the due date for filing of TDS/TCS statements for the […]

Read the Full Article

  • Oct
  • 01
  • 2014

Tightening Internal control through companies Act, 2013 An Overview

Added In Income Tax
Navneet Singal          The Companies Bill 2012/ 2013 got its assent in the LokSabha on December 18, 2012 and the RajyaSabha on August 8, 2013. Later on august 29, 2013 it got consent from the President of India and has become the much awaited Companies Act, 2013 (2013 Act). Companies act, 2013 made an attempt to […]

Read the Full Article

  • Oct
  • 01
  • 2014

Partial Reverse Charge-Increase in Complicacies

Added In Service Tax
The date of 01.07.2012 was a critical date in service tax laws because from this date the service tax laws underwent gigantic change. The concept of Negative list and partial reverse charge was introduced for the first time to broaden the scope of service tax along with simplifying the service tax laws.

Read the Full Article

  • Oct
  • 01
  • 2014

New Tax Structure of A.Y 2015 -16: A relief for salaried class!

Added In Income Tax
The new Indian government announced its tax rules for the current financial year. But very few announcements were made by new government which could provide relief to salaried class people. The first and the most important amendment was in the tax slab.

Read the Full Article

  • Oct
  • 01
  • 2014

SEBI Notifies REIT Regulations- Comparative of Draft and Final Regulations

Added In SEBI
Aditya Shah Comparative between Draft and Final REIT Regulations: Real estate investment trusts (REITs) is one of the most important vehicle for making collective investment in commercial real estate. Emanating from USA in 1960s as a tax transparent collective investment vehicle, REITs have subsequently made their debut almost in every country that matters, and have […]

Read the Full Article