"10 August 2013" Archive

Deemed Conveyance of Cooperative Housing Society’s land – A Fiction

VARIOUS REQUIREMENTS, for Deemed Conveyance: a) Duly Registered & Stamp duty paid, Sale-Purchase Agreement, of all members. b) Documents about the plot of land from the Tahsildar /Collectors office c) Sanctioned Documents from Municipal authorities d) Relevant documents of the Society, Balance sheets, Resolutions and so on .......

Read More
Posted Under: Corporate Law |

A brief about Tax Audits and e-filing of Report

As per section 44AB of the Income tax act, certain persons are required to get their accounts audited till 30th September by the CA and furnish a report of such audit in the prescribed form duly verified and signed by the CA. ...

Read More
Posted Under: Corporate Law |

Nil Service tax Return / VCES / Penalty for Late Filing when no service is rendered?

Persons who are not liable to pay service tax (because of an exemption including turnover based exemption), are not required to file ST-3 return in terms of Circular No.97/8/07-ST dated August 23, 2007 and cited judgement. Even if service tax return is filed late/ failed to file return – No Penalty in terms of Rule 7C of the STR. ...

Read More

Compounding of offences under Companies Act 1956

Section 3(38) of General Clauses Act 1897 defines ‘offence’ as ‘any act or omission made punishable by any law for the time being in force’. Section 2(n) of Criminal Procedure Code 1973 (‘CrPC’) also defines ‘offence’ similarly. ...

Read More
Posted Under: Corporate Law |