Amendment in the companies (Meetings and Board of powers) rules vide Notification dated 14.08.2014 by Companies (Meetings of Board and its Powers) Second Amendment Rules, 2014.
1 AUDIT ALREADY COMPLETED BUT NOT UPLOADED:-. The financial year preceding to the assessment year 2014-15 was ended on 31/03/2014 and audits for this year were started at any time after that date and completed before 25/07/2014 but the audit report are not uploaded on the IT site. Banks, Insurance Companies, PSUs and other assesses are included in this list. Now the auditors have to revisit them and collect the fresh information as incorporated in the new format.
It has been decided to call for Financial Documents from 10% of the applicants for Multipurpose Empanelment, selected on random basis, for the year 2014-15. Based on the random selection done by the computer, the above MEF has been selected as one of those to submit the Financial Documents in connection with the subject empanelment.
The Finance Bill, 2014 received assent from Hon’ble President on 6th of August 2014. The main impact of this budget leads to make the advertisements costly. As per Section 66D(g) selling of space for advertisements in print media is only falls under Negative List. The definition of “print media”as per Section 65B(39a) states as follows:
1. Creating a Business Plan: Before starting any business there should be a perfect business plan there. A business plan should have, along with others, the following thing: a. Cover Page Cover page should define objective, Mission and Vision of the Business. b. Table of Contents. There should be a table of content for easy reference of different sections of the business plan.
CS Divesh Goyal Applicability: This is applicable for Private Company and Public Company. Approval:the Transaction of a company with Related Parties which are Not in the Ordinary Course of Business and which is Not on Arm Length Price require following approval for Entering into Such Transactions with Related Party:- 1- Board Approval For enter into transactions mention […]
A. PERCEPTIVE OF TERMING IT AS SALE Article 366(29A)(c) of Constitution: Such delivery of goods on hire purchase or any system of payment on installment shall be deemed as “Sale of Goods” 2. Power to levy tax on sales is vested to State Governments under Entry 54 of List II and thus VAT has been […]
Frankly speaking, we can get to learn leadership lessons and business growth ideas everywhere if we have the eyes looking for it and our heart longing for knowledge and wisdom. Football is world’s most popular game (by view count, fan count and also by player count worldwide). Let’s find out some interesting business leadership lessons […]
Goods Transport Agency (GTA) service is a misconception since its inception. The light of mess ignites more with its coverage under reverse charge mechanism. As per the provisions applicable for GTA Service, This service is covered under Reverse Charge Mechanism; therefore, the service tax liability is to be paid by the service recipient that being […]
As long as the expense is incurred wholly and exclusively for the purpose of earning an income, even if it is not necessarily for earning that income, it will still be deductible in computation of income. What thus logically follows is that even in a situation in which proximate or immediate cause of an expenditure was an event unconnected to earning of the income
