Existing Empanelled Auditors will have to update their profile by 6th July 2014 The Co-operative department, Maharashtra, has issued a circular which has been uploaded on the website of www.mahasahakar.maharashtra.gov.in. As per this notification, all the existing empanelled auditors will have to update their profile by 6th July 2014. Please take care of the following information:
SELF DEVELOPMENT OF SOCIETY BUILDINGS: 01. Majority of the residential buildings, in Mumbai, are literally above 50 years old. Some are literally dilapidated and some are in dire need for large scale repairs. Wherein in both such eventualities, very large sums of money is needed to redevelop such buildings. Further in such Society’s Balance Sheet, […]
Finance Act, 1984 introduced Section 44AB under Income-tax Act, 1961 w.e.f Assessment Year 1985-86. Under this section, if the total sales / turnover or gross receipts for previous year exceed the prescribed limits then assessee is required to get his accounts audited by an “Accountant”. This audit is popularly known as Tax Audit.
The Reverse Charge Mechanism (a.k.a. RCM) was introduced first by Notification No. 36/2004 specifying Persons liable to pay Service Tax. Where section 68(1) of the Finance Act provided, in the year 1994 that the Service Provider shall be the person liable to pay Service Tax, section 68(2) empowered the Government to prescribe Services wherein the Service Receiver instead of the Service Provider to be person liable to pay Service Tax.
