Sponsored
    Follow Us:

Archive: 11 June 2014

Posts in 11 June 2014

Cost Inflation Index for Financial Year 2014-15

June 11, 2014 11152 Views 0 comment Print

Notification No. 31/2014-Income Tax S.O. 1498(E)- In exercise of the powers conferred by clause (v) of the Explanation to section 48 of the Income Tax Act, 1961 (42 of 1961), the Central Government hereby makes the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), Central Board of Direct Taxes published in the Gazette of India, Extraordinary, vide number S.O. 709(E), dated the 20th August, 1998, namely:-

Form No. INC-27 for conversion of company from public to private

June 11, 2014 13408 Views 0 comment Print

Attention of the Ministry has been drawn to difficulties being faced by stakeholders while filing form INC-27 for conversion of a public company into a private company. The relevant provisions of Companies Act, 2013 (second proviso to sub-section (1) and sub-section (2) of section 14) have not been notified.

Regular Budget for FY 2014-15 likely to be presented in early July, 2014.

June 11, 2014 3452 Views 0 comment Print

Allocations projected in the Interim Budget 2014-15, are generally not altered. However, cases of schemes/ decisions which have the effect of raising expenditure commitments, may be sent to the Budget Division for examination. In case the additionality is agreed to by this Ministry, then revised Statements of Budget Estimates (SBEs) would need to be forwarded to Budget Division.

MGT-10 form needs to be filed physically

June 11, 2014 5621 Views 0 comment Print

stakeholders are required to fill Form MGT-10 physically, get it duly signed/ certified by a professional and file it alongwith other required enclosures as attachments with the prescribed General E-Form No. GNL-2. This temporary arrangement will continue till an E-Form for MGT-10 is made available.

Make Your Budgeting Easy With a Credit Card

June 11, 2014 2689 Views 0 comment Print

When the salary arrives, it’s time to budget. Yet, Sachin’s salary does not seem to include all the things that were required based on his lifestyle. Rather than looking at a bleak outlook at the end of the month, he ensured he had a credit card to facilitate his monthly needs. After successfully receiving his […]

Limited Liability Partnership (LLP) – All you want to know

June 11, 2014 215676 Views 28 comments Print

CA Nitesh Kumar More What is LLP? LLP is an alternative corporate business form that gives the benefits of limited liability of a company and the flexibility of a partnership. The LLP can continue its existence irrespective of changes in partners. It is capable of entering into contracts and holding property in its own name. […]

Custom Superintendent from Chennai jailed in disproportionate assets case

June 11, 2014 1199 Views 0 comment Print

TWO YEARS RIGOROUS IMPRISONMENT WITH FINE OF RS. 20,000/- TO THEN SUPERINTENDENT OF CUSTOMS FOR ACQUIRING DISPROPORTIONATE ASSETS           The Special Judge for CBI Cases, Chennai has convicted Shri B. Pugazhenthi, then Superintendent of Customs, Chennai and sentenced him to undergo two years Rigorous Imprisonment with fine of Rs. 20,000/- in a disproportionate assets case.

RBI advises Information System(IS) Audit for Urban Cooperative Banks

June 11, 2014 4025 Views 0 comment Print

UCBs may adopt an IS audit policy, if not already done, appropriate to its level of operations, complexity of business and level of computerization and review the same at regular intervals in tune with guidelines issued by RBI from time to time.

Disallowance of input tax credit on the ground that seller is bogus or cancelled dealer

June 11, 2014 8890 Views 0 comment Print

The system of VAT was introduced in the sales tax law to bring more transparency, efficiency, to remove tax cascading etc. The difficulties which may arise in any system comes to picture only when the system is practically implemented. One of the major difficulties being faced by the dealers is the disallowance of input tax […]

Sponsored
Sponsored
Search Post by Date
November 2024
M T W T F S S
 123
45678910
11121314151617
18192021222324
252627282930