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Archive: September, 2014

Posts in September, 2014

One Person Company- A Brief Highlight

September 4, 2014 10833 Views 0 comment Print

An Entrepreneur is an individual who chooses to go into business by himself. Often entrepreneur decide to stay a One Person to keep decisions and quality of work under control. The global changes given a chance to an individual to participate into economic activity and these activities may take place through the creation of an economic person by the company law.

Empanelment with SBI of Concurrent Auditors for Branches situated in the States of Telangana & Andhra Pradesh

September 4, 2014 2557 Views 0 comment Print

Applications are invited from Partnership firms of Chartered Accountants (situated in Telangana & Andhra Pradesh) for carrying out Concurrent Audit on full time, contractual basis (renewable every year, at Bank’s discretion) at its selected Branches / Offices /Processing Centres situated in the State of Telangana and Andhra Pradesh, as under:

The Companies (Removal Of Difficulties) Seventh Order – dated 4th Sept 2014

September 4, 2014 2697 Views 0 comment Print

S.O. Whereas the Companies Act, 2013 (18 of 2013) (hereinafter referred to as the said Act) received the assent of the President on the 29th August, 2013 and section 143 of the Act, which provides for the powers and duties of the auditors and auditing standards, came into force with effect from 1st April, 2014;

Publicise Income Tax Exemption to PM's Relief Fund – PMO

September 4, 2014 2613 Views 0 comment Print

Prime Minister’s National Relief Fund (PMNRF) was constituted in January, 1948 to assist displaced persons from Pakistan. The resources of the PMNRF are now utilized primarily to render immediate relief to the affected families of those killed/ injured in natural calamities like floods, cyclones and earthquakes, etc, or in the major accidents/ riots.. The fund is also utilized to provide financial assistance for medical treatment

Rate of exchange of conversion of each of foreign currency WEF 5th September, 2014

September 4, 2014 1827 Views 0 comment Print

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Government of India in the Ministry of Finance (Department of Revenue)

How essential is getting a CIBIL Score?

September 4, 2014 2292 Views 0 comment Print

Rakesh Mehra was elated when he received an offer letter from a major multinational company with good package. Apart from moving cities, the next thing on his plate was to buy a home. He applied for a loan that  was linked to his salary account, yet the process took longer than expected. He didn’t have […]

DVAT – Objection Hearing Authority may impose a pre-condition to deposit disputed tax amount for the period after October 1, 2011

September 3, 2014 2972 Views 0 comment Print

PROVIDED ALSO that the Commissioner may, after giving to the dealer an opportunity of being heard, may direct the dealer to deposit an amount deemed reasonable, out of the amount under dispute, before such objection is entertained.

क्या अब कर कानूनों के सरलीकरण का युग समाप्त हो चुका है

September 3, 2014 1932 Views 0 comment Print

कर कानूनों में सरलीकरण का वादा कम से कम दो दशक पूर्व किया गया था जिसे प्रत्येक सरकार एवं वित्त मंत्री ने बार –बार दोहराया है और प्राम्भिक अवस्था में इस पर काफी कार्य भी किया गया था. केन्द्रीय सरकार के साथ –साथ सभी राज्यों की सरकारों ने भी इस सम्बन्ध में अपने –अपने करदाताओं को इस प्रकार के वायदे बार –बार दोहराए है . इन सभी के पीछे लक्ष यह था कि सरकार का कर संग्रहण भी बराबर होता रहे और करदाताओं को भी कम से कम कष्ट हो .

Refund of excess duty paid on provisional basis won’t attract doctrine of unjust enrichment

September 3, 2014 2946 Views 0 comment Print

In the instant case, shipping agent of the Atlantic Shipping (P.) Ltd. (the Respondent) paid the provisionally assessed Customs duty on estimated quantity of bunker fuel to be consumed during the coastal run.

Assessee Can choose most beneficial Notification when 2 Notifications simultaneously applicable at a time

September 3, 2014 2822 Views 0 comment Print

Arvind Ltd. was a composite textile mill engaged in the manufacture of 100% cotton fabrics which were cleared for export as well as for home consumption. The Appellant was simultaneously availing exemption under Notification No.29/2004- CE-Tariff dated July 9, 2004 (“the Notification No.29/2004”) and 30/2004-CE‑Tariff dated July 9, 2004 .

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