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Archive: 19 September 2014

Posts in 19 September 2014

Cross adjustment between CST and State tax allowable, no interest leviable for short payment

September 19, 2014 10380 Views 0 comment Print

Many a times dealers face a situation where due to technical error or clerical mistake while making payment of sales tax, tax is wrongly paid in wrong account i.e. instead of paying under the head of Central sales tax, it is paid under the head State VAT/sales tax.

Incorporation Process of Non-Profit making Company – Sec. 8

September 19, 2014 314204 Views 27 comments Print

CS Ankur Garg The concept of non-profit making company is quite old in India. In erstwhile Companies Act, 1956 it was regulated by Section 25 and that is why it was popular as Section 25 Company. However in Companies Act 2013 provisions related to non-profit making company are given in Section 8 read with Rule […]

Analysis of Disclosure of Interest by Directors under CA, 2013

September 19, 2014 121983 Views 15 comments Print

CS Ankur Garg During the process of unlocking provisions of Companies Act, 2013, I have realized that Section 184 regarding disclosure of concern or interest by the Directorhas invoked considerable controversy for various reasons. In erstwhile Companies Act, 1956, provisions related to disclosure of concern or interest by the Director is given in section 299. […]

ICAI initiative on ITAT remark on CA profession & functions of ICAI

September 19, 2014 14437 Views 0 comment Print

ATTENTION OF MEMBERS ICAI initiative on order dated 20th August, 2014 pronounced by a Bench of Income Tax Appellate Tribunal, Mumbai Members are aware of the general remarks against ICAI made by Hon ‘ble ITAT Mumbai Bench in respect of its order dated 20th August, 2014 wherein the tax advice given by a member of […]

ICAI – Extend due date of filing ITR along with date of furnishing audit report

September 19, 2014 11515 Views 0 comment Print

Representation made by ICAI – seeking extension of due date of filing return of income along with the date of furnishing audit report. – (18-09-2014) ICAI has, through, a representation dated 15.09.2014 brought to the attention of Chairman, CBDT the concerns of the taxpayers on account of non extension of due date of filing return […]

Do and Dont’s in Payment of Tax & Challan Correction Mechanism

September 19, 2014 6461 Views 0 comment Print

Learn the dos and donts of tax payment and challan correction mechanism. Find out the types of challans to be used for different tax payments and the mandatory details required for filling out a challan.

Check Empanelment status with Maharashtra Cooperative Department

September 19, 2014 8433 Views 0 comment Print

Status of auditors in the panel maintained by the Cooperative Department as on 10th September,2014 For members who are already empanelled with the Co-operative Department as on March, 2013 please download to check the status (as on 10th September, 2014). Kindly visit or website and note the following:-

ITAT explains how to serve Proper Notice by Post & affixtures

September 19, 2014 26494 Views 0 comment Print

As per sub-section (1) of section 282, the notice is to be served on the person named therein either by post or as if it was a summons issued by Court under the Code of Civil Procedure, 1908 (V of 1908). The relevant provision for effecting of service by different modes are contained in rules 17, 19 and 20 of Order V of CPC. Rules 17, 19 and 20

Passengers Facilitation at International Airports – Reg

September 19, 2014 3506 Views 0 comment Print

Another measure that would assist international passengers and in turn create a good image of the Department and our country would be through “Help Desks”. Admittedly, PROs perform this function today, but it is important to

Form -16 / Income Tax Calculator for FY 2014-15 AY 2015-16

September 19, 2014 247514 Views 1 comment Print

Automatic Form 16 cum Income Tax Calculator for Salaried Person in excel format for Financial year 2014-15 / Assessment Year 2015-16. The Calculator calculates Automatically calculates your tax liability with surcharge and marginal relief (if any). Calculator have inbuilt capability to generates Your Form 16 alongwith Form 12BA. The Calculator further incorporated ₹ symbol at all the places where amounts are to be filled.

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September 2014