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Archive: 2013

Posts in 2013

Local Body Tax in Maharashtra – Highlights

September 4, 2013 170062 Views 174 comments Print

Octroi v/s LBT: At present octroi is the main source of revenue of Municipal Corporations in Maharashtra. This is the exclusive State where octroi is levied. In fact it is not levy but it is forcibly collection at the check post. It is the spot of harassment for the traders.

Challenges to Policy Making and Evolving Role of Statistical Analysis

September 4, 2013 579 Views 0 comment Print

RBI discusses Challenges to Policy Making and Evolving Role of Statistical Analysis at its Seventh Statistics Day Conference The Reserve Bank of India organised the 7th Statistics Day Conference on August 30, 2013. The theme of the conference was ‘Challenges to Policy Making and Evolving Role of Statistical Analysis‘. Statistics Day is observed in India […]

Principles of Financial Market Infrastructures (PFMIs) Background – SEBI

September 4, 2013 904 Views 0 comment Print

An FMI should have clear and comprehensive rules and procedures and should provide sufficient information to enable participants to have an accurate understanding of the risks, fees, and other material costs they incur by participating in the FMI. All relevant rules and key procedures should be publicly disclosed.

MCA invites comments from member on stopping payment through phyical Challan

September 3, 2013 1255 Views 0 comment Print

NOTICE The Ministry had reviewed the processes involved in delivery of important services to stakeholders and with a view to improving service delivery time, decided to accept payments of value upto Rs. 50,000/- for MCA21 services only in electronic mode w.e.f. 27.3.2011. It was also intimated in the same circular No. HQ/9/2002-Computerisation dated 9th March, […]

Taxation of Salaried Employees, Pensioners and Senior Citizens

September 3, 2013 1365 Views 0 comment Print

Article contains An Introduction to Taxation, Salary Income, Perquisites & Allowances, Overview of Income from House Property, Overview of Capital Gains, Deductions under Chapter VIA, Tax Rebate & Relief, Permanent Account Number, Taxability of Retirement Benefits, Pensioners & Senior Citizens, Taxation of Expatriates, Income tax on Fringe Benefits and Some relevant Case laws CHAPTER 1 […]

SEBI – Index based market-wide circuit breaker mechanism

September 3, 2013 1207 Views 0 comment Print

Please refer to SEBI circular SMDRPD/Policy/Cir-37/2001 dated June 28, 2001 directing stock exchanges to implement an index based market wide circuit breaker system to affect a coordinated trading halt in all equity and equity derivative markets on index movement either way of 10%, 15% and 20%.

Relaxation of last date and additional fee in filing of e-Form 23C for Appointment of Cost Auditor

September 3, 2013 1861 Views 0 comment Print

It has now been decided to extend the last date of filing and to relax the additional fee applicable on e-form 23C up to 31′ October, 2013 and as such the e-form 23C can be filed for appointment of cost auditor with normal applicable fee, up to 31St October, 2013 or within 90 days of the commencement of the company’s financial year to which the appointment relates, whichever is later.

Presidents gives Assent to Companies Act, 2013

September 3, 2013 373303 Views 2 comments Print

The Companies Bill, 2013 Receives the Assent of the President Published in the Gazette of India as Act No. 18 of 2013 The historic new Company Law in the country has been enacted with the President of India giving his assent to the Companies Bill, 2013. It has now been published in the Gazette of […]

Corporate Social Responsibility and Sustainability Provision for Central Public Sector Enterprises

September 3, 2013 1853 Views 0 comment Print

The Department of Public Enterprises (DPE) has issued guidelines on Corporate Social Responsibility (CSR) and Sustainability for Central Public Sector Enterprises (CPSEs) in April, 2013 wherein each CPSE shall, with the approval of its Board of Directors, make a budgetary allocation for CSR and Sustainability activities/projects for the year.  Giving this information in written reply […]

Tax Audit Problems & Solutions – Technical & Other Issues

September 3, 2013 123408 Views 20 comments Print

What are operating system and runtime environment requirement for E-filling of Tax Audit Report? Our system becomes very slow during working on e-utility. What should we do? I am unable to register as CA as there is difference in name/date of birth as per ICAI and PAN data. What to do?

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