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Archive: 21 May 2014

Posts in 21 May 2014

Free Live Webinar: Dematerialization of Securities and Recent Amendments

July 2, 2024 2253 Views 0 comment Print

Join our free webinar on July 4th at 4:00 PM to gain insights into the dematerialization of securities and recent amendments. Register now for key updates.

Free Webinar: Analysis of 10 Recent Income Tax Judgments in Favour of Assessee

July 1, 2024 4050 Views 0 comment Print

Join our free webinar on July 7 at 5 PM for insights into 10 recent High Court income tax judgments favoring assessees. Expert analysis by CA Dipak Dama.

Notification No. 24/2014-Customs (ADD), Dated: 21.05.2014

May 21, 2014 1516 Views 0 comment Print

Notification No. 24/2014-Customs (ADD) Seeks to levy definitive anti-dumping duty on imports of Methylene Chloride, originating in or exported from the European Union, United States of America and Korea RP for a period of five years from the date of imposition of the provisional anti-dumping duty, that is, 21st October, 2013

BJP's Announcements on Tax Front in Election Manifesto 2014

May 21, 2014 9180 Views 0 comment Print

We are producing below the BJP’s announcement on tax from as made by them in their Election Manifesto for 2014 Lok Sabha Elections :- Taxation UPA Government has unleashed ‘Tax terrorism’ and ‘uncertainty’, which not only creates anxiety amongst the business class and negatively impacts the investment climate, but also dents the image of the […]

Section 54F – Mere letter of allotment cannot be considered as investment in residential house

May 21, 2014 4909 Views 0 comment Print

Clause (4) of Sec. 54 clearly mention that the amount of net consideration which is not appropriated by the assessee towards the construction of the new asset before the date of furnishing the return of income u/s. 139, shall be deposited by him before furnishing such return (such deposit being made in any case not later than the due date applicable in the case of the assessee for furnishing the return of income under sub section (1) of Sec. 139).

RBI allows advance up to a maximum tenor of 10 years for execution of long term supply contracts for export of goods

May 21, 2014 2947 Views 0 comment Print

In view of requests received from exporters, it has been decided to permit AD Category- I banks to allow exporters having a minimum of three years’ satisfactory track record to receive long term export advance up to a maximum tenor of 10 years to be utilized for execution of long term supply contracts for export of goods subject to the conditions as under:

RBI issues Guidelines for import of gold under 20:80 scheme

May 21, 2014 1907 Views 0 comment Print

Star Trading Houses / Premier Trading Houses (STH/PTH) which are registered as nominated agencies by the Director General of Foreign Trade (DGFT) may now import gold under 20:80 scheme subject to the following conditions:

RBI – Need for Bank Branches / ATMs to be made accessible to persons with disabilities

May 21, 2014 847 Views 0 comment Print

We have been receiving several suggestions from members of public through Government of India and otherwise, on facilitating easy access to bank branches and ATMs by persons with disabilities for undertaking day to day banking transactions. We have examined such suggestions.

CAs cannot undertake assignment of audit & accounting work together for same entity

May 21, 2014 4250 Views 0 comment Print

It has come to the knowledge of some members that certain entities , while inviting tenders for services of chartered accountants for the assignment of statutory audit , are mentioning accounting and book keeping related works in the scope of works required to done by the auditor.

Small Steps to Greatness – for Organizational and Personal Leadership

May 21, 2014 2038 Views 0 comment Print

Why this Article?: This article is aimed to bring some smallest changes in our lives which may lead to long lasting impact on the whole organization we own, we lead, we serve, or the organization where you are holding some managerial or leadership position. Not only for leaders and top management, but these small changes […]

Delegation of powers under section 458 of Companies Act 2013 to ROCs

May 21, 2014 9805 Views 0 comment Print

Central Government hereby delegates to the Registrar of Companies, the power and functions vested in it under the following sections of the said Act, subject to the condition that the Central Government may revoke such delegation of powers or may itself exercise the powers and functions under the said sections, if in its opinion, such a course of action is necessary in the public interest, namely: –

Delegation of powers u-s 153 and 154 of Companies Act 2013 to RD Noida

May 21, 2014 2691 Views 0 comment Print

. In exercise of the powers conferred by section 458 of the Companies Act, 2013 (18 of 2013), and in supersession of the notification of the Government of India, Ministry of Corporate Affairs. published in the Gazette of India, Extraordinary,

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