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Archive: 08 August 2014

Posts in 08 August 2014

Finance (No.2) Bill, 2014 enacted into Finance (No.2) Act, 2014

August 8, 2014 6899 Views 0 comment Print

Finance(No. 2) Bill, 2014 has received the assent of the President on 6th August, 2014, published in the Gazette of India, dated 6th August 2014 as Act No. 25 of 2014.  Honorable President of India has assented to the Finance (No.2) Bill, 2014 on 6th August, 2014, with this  the Finance (No.2) Act, 2014 [No.25 of 2014 has […]

Accounting Treatment of Expenditure Incurred on Stamp Duty and Registration Fees for Increase in Authorized Capital

August 8, 2014 35814 Views 0 comment Print

Issue – The company is a registered non-banking financial company and is engaged in the business of lending for purchase of equipments. The company has received share application money and to allot further equity shares, the shareholders of the company have approved increase in authorized share capital. The company has incurred an expenditure toward stamp […]

Your Rights as a Taxpayer in America

August 8, 2014 2979 Views 0 comment Print

The Internal Revenue Service, USA  on 10th June 2014  unveiled a ‘Taxpayers’ Bill of Rights’ that groups together the existing rights of taxpayers of America into  10 broad categories, which are as follows :- The Taxpayer Bill of Rights This publication explains your rights as a taxpayer in America . 1. The Right to Be […]

Empanelment with SBI for Concurrent Audit in Maharashtra and Goa

August 8, 2014 1694 Views 0 comment Print

Applications are invited from partnership Firms of Chartered Accountants of RBI Grade 2/3 situated in the state of Maharashtra & Goa for carrying out Concurrent Audit on full time contractual basis (renewal every year at Bank’s discretion, at its selected branches / Credit Processing Centres (CPC) situated in the state of Maharashtra and Goa.

Service tax on Banks and Financial Institutions – A Synopsis

August 8, 2014 21563 Views 1 comment Print

Services provided by banks The banking sector is not merely an agent who accepts deposits and lends money. They provide a host of other functions like paying cheques drawn on customers account, collecting cheques deposited on customers account, enabling payments to customers via telegraphic transfer, automated clearing house, electronic transfer, etc, providing locker facilities, following […]

Procedure for Appointment Of MD For Private Limited Company

August 8, 2014 163471 Views 27 comments Print

Procedure & Requirement Of Appointment Of Managing Director (MD) For Private Limited Company. Appointment of Managing Director, Whole- Time Director OR Manager (Section: 196):

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