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Archive: 24 July 2014

Posts in 24 July 2014

Live Course on How to Reply to GST Notices & SCN & to Fake ITC Notices?

April 29, 2024 8217 Views 0 comment Print

Join our live course to learn expert strategies for replying to GST notices, SCNs, and fake ITC notices. Understand litigation nuances, evidence insights, and practical tips for effective responses. Register now!

Join Live Webinar and get Book on Section 43B(h)

April 29, 2024 5262 Views 1 comment Print

Live Webinar with Book on Section 43B(h) (Financial Fitness) on 10th May 2024, 6:00 pm to 8:00 pm. CA Manoj Lamba will break down intricacies of Section 43B(h)

Sunday is ordinarily not a day for judicial or legal proceedings

July 24, 2014 3465 Views 0 comment Print

The maxim DIES DOMINICUS NON EAST JURIDICUS means Sunday is not a day for judicial or legal proceedings. It is a day which has been reserved for divine service from times immemorial. Therefore, as of practice ordinarily no judicial work or act is done on Sundays though ministerial

E-Voting As Per Companies Act 2013

July 24, 2014 4086 Views 0 comment Print

General meetings of companies are held at their registered offices and it is not possible for every member specially a members holding minor shares to travel upto the registered office of the company and participate in the general meeting of the company.

Finance Bill 2014 – A Delight For Tour Operator

July 24, 2014 6208 Views 0 comment Print

The Finance bill, 2014 brought a big sigh of relief to the Tourism Sector. The Central Government has tried to plug some anomalies prevailing in the act with this Finance Bill and the Tourism sector has also welcomed this budget warm heartedly.

Amendment in section 35E – Achhe din for Revenue

July 24, 2014 3613 Views 0 comment Print

Dispute was going on the issue whether the first Appellate Authority or Tribunal can condone delay for late filing of review order under Section 35E(1) or not? As per Section 35E the Committee of Chief Commissioners is empowered to review an order passed by a Commissioner.

Income Tax department to remain open on 26th & 27th July 2014

July 24, 2014 2101 Views 0 comment Print

The due date for filing of return of income within the meaning of Explanation 2(c) to section 139(1) of the Income Tax Act, 1961. is 315t July 2014. The Income tax authorities are hereby directed that for the convenience of the taxpayers’, arrangements be made for accepting the returns of income during normal office hours on 26th July and 27th July 2014, being Saturday and Sunday respectively. This direction is issued by the Central Board of Direct Taxes in exercise of powers conferred under section 119 of the Income Tax Act, 1961.

Seeks to impose definitive anti-dumping duty on imports of Rubber Chemicals originating in or exported from from China PR and Korea

July 24, 2014 499 Views 0 comment Print

there is likelihood of dumping and injury to the domestic industry if the existing duties on the subject goods being imported from the subject countries are allowed to expire and has recommended continuation of the imposition of anti-dumping duty on the subject goods, originating in or exported from subject countries.

SEBI : Clarification on position limits of domestic institutional investors for currency derivatives contracts

July 24, 2014 385 Views 0 comment Print

take necessary steps to put in place systems for implementation of the circular, including necessary amendments to the relevant bye-laws, rules and regulations.

Companies (Removal of Difficulties) Sixth Order, 2014

July 24, 2014 3660 Views 0 comment Print

Whereas the Companies Act, 2013 (18 of 2013) (hereinafter referred to as the said Act) received the assent of the President on 29th August, 2013 and section 1 thereof came into force on the same date; And whereas clause (76) of section 2 of the Act, which provides for definition of the term “related party” has come into force on 12th September, 2013;

Companies (Management and Administration) Second Amendment Rules, 2014

July 24, 2014 2718 Views 0 comment Print

Provided that nothing contained in this rule shall apply in relation to a trust which is created, to set up a Mutual Fund or Venture Capital Fund or such other fund as may be approved by the Securities and Exchange Board of India

Indirect Collection increases by 4.5% in First Quarter of 2014-15

July 24, 2014 914 Views 0 comment Print

Indirect Tax Revenue (Provisional) Collections During April-June 2014 Increase from Rs 1,08,639 Crore to Rs.1,13,570 Crore Registering an Increase of 4.5 % over the Corresponding Period in last Financial Year.  The overall growth in Indirect Tax Revenue (Provisional) Collections during the first quarter of current fiscal year i.e. April-June 2014 have increased from Rs. 1,08,639 […]

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