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Archive: 25 April 2012

Posts in 25 April 2012

Excel Tips – Number of Days, Weeks, Months & Years between Dates

April 25, 2012 1348 Views 0 comment Print

To calculate the difference in days, use the DATEDIF function as shown in the following formula: =DATEDIF(A2,B2,”d”) To calculate the difference in weeks, use the INT function as shown in the following formula: =INT((B2-A2)/7) To calculate the difference in months, use the DATEDIF function as shown in the following formula: =DATEDIF(A2,B2,”m”)

General Circular No. 7/2012- Name Availability Guidelines, 2011

April 25, 2012 7102 Views 0 comment Print

All the names applications submitted in STP mode will be put for system check and if there is exact match of any of the two words (other than the words private limited/limited) proposed in new company’s name with any existing company’s name, then such name will also be processed in non-STP mode.

All about Annual eFiling with ROC

April 25, 2012 2924 Views 0 comment Print

As a part of Annual eFiling, Companies incorporated under the Companies Act, 1956 are required to efile the following documents with the Registrar of Companies (RoC): 1 Balance-Sheet – Form 23AC to be filed by all Companies* 2 Profit & Loss Account- Form 23ACA to be filed by all Companies 3 Annual Return – Form 20B to be filed by Companies having share capital 4 Annual Return – Form 21A to be filed by companies without share capital

DVAT- No more half yearly/yearly returns, compulsory on line 2A/2B

April 25, 2012 5184 Views 0 comment Print

Delhi Value Added Tax – Notification for change in tax period wef F.Y. 2012-13. No more half yearly/yearly returns, compulsory on line 2A/2B

MVAT Notification regarding entry C-12 -Bidy & D-12

April 25, 2012 838 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of section 9 of the Maharashtra Value Added Tax Act, 2002 (Mah. IX of 2005), the Government of Maharashtra hereby with effect from the 1st May 2012, amends SCHEDULES C and D appended to the said Act, as follows, namely.

Balance in Cenvat Account can be claimed as business expenditure on closure of business

April 25, 2012 4006 Views 1 comment Print

The Assessing Officer was of the view that the claim of CENVAT irrecoverable does not fall as an expense under any of the above said sections. The Assessing Officer referred to sub-section of sections 36 and 37 at length and was of the view that the claim of the assessee had to be justified either under section 36(1)(iii)/36(2) (bad debts) or section 37(1) of the Act.

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